Official Short-term Investments Thread

[SilverRex]

FCX

long time coming? been waiting for low 13s and felt like eons. finally the counter wave b finally caved and pushing fcx to backtest or perhaps filling a price gap left behind in the low 13s or even 12s. would like to see 12.8 to begin re-entering fcx

[mr2mike]

So who are the big BLO winners today??

[BavarianBeast]

Anybody looking at short selling EA?

Closed at $112.27 today.

[JustinL]

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Anybody looking at short selling EA?

Closed at $112.27 today.

That seems like a bad idea. EA is a juggernaut and makes a ton of money. A little bad press for one title isn't going to make a dent. I could be proven wrong, but no way I'd take that bet myself.

[max_boost]

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that's some awesome profit!

I see that they temporarily stopped trading for ACB this morning, potentically lots of people short selling. but now it is over $6.40 at the moment.
tempted to sell it right.

APH is hovering around 9$.

Oh man $6.90 was the high for ACB. So crazy.

Treat it like the casino, hit and run lol

Don't wanna think about coulda woulda shoulda etc. haha

but damn it I want to get back in haha

[tcon]

Acb to the moooooooooooon

[SilverRex]

PONY

not liking the dive under 3.22, taking my 10% profit, putting it towards GASL at 20.68

BTE

looking tempting. expecting we are in a wave 2 pull back ending here or worse case another 10% down.

Hive

i am expecting this is the wave iv or x counter bounce as long as it does not reclose above 3.88, waiting for an opportunity under 3.00

[SilverRex]

Oil

looks like a breakout and a backtest of 55 area. if this is the case and a sub iv is completed that will reverse to the upside on the next wave towards 60, expect BTE/MEG/PONY probably all moving higher

[mr2mike]

Aurora Proposes Industry's Largest Takeover
https://www.bloomberg.com/news/artic...rgest-takeover

[kenny]

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Oh man $6.90 was the high for ACB. So crazy.

Treat it like the casino, hit and run lol

Don't wanna think about coulda woulda shoulda etc. haha

but damn it I want to get back in haha

Spread it out on a few of the small-mid sized MJ players that may be acquisition targets

[taemo]

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Spread it out on a few of the small-mid sized MJ players that may be acquisition targets

any specific small-mid sized that you recommend?

[SilverRex]

GASL

gasl has dive slightly under the blue buy zone. already entered a position in the 20.68 area, dont want to see it dip any further.

[max_boost]

APH and WEED have fallen below what I sold them for but I think I'll wait another day or two before rebuying.

[SilverRex]

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APH and WEED have fallen below what I sold them for but I think I'll wait another day or two before rebuying.

I dont play these stocks other than one spec play. but looking at the charts, APH has too many over lapping waves and WEED looks like it has already completed 5 major waves up. even if this sector does not collapse, it would be healthy to see WEED at least retest the previous range of 16-17. sure if this sector is driven beyond technicals, then what do I know. perhaps I am the frog in the well for this sector.

[SilverRex]

WEED

a quick count suggest the bullish scenario is that we are working a large wave (IV), when completed, a wave (v) of (V) above 22 will begin. the only question will the wave (iv) correction hit the minimum 38% it is actually slightly under 18 or will it reach down to 16? one other thing that supports we have one more large wave higher is that typically when a major 5 wave completes, there usually is MACD/RSI divergence between wave 3 and 5 which I do not see.

the downside risk is that if the count ends up being we have hit 5 major waves. the next correction will bring price back down to the 12-15 area. back testing the 50EMA on the daily chart.

[max_boost]

Awesome thanks SilverRex

[zhao]

q3 for my mining stock didn't work out the way i figured it would. metals went down at a bad time + 1 month of production from one of thier main mines didn't get counted (normal in mining to miss cutoffs) but in this case that month of missing goods sold changed a healthy profit in a very spend happy quarter to a slight loss.

Other then that the company is looking good, but i think most investors dont really understand that report, or dont care because its long term outlook is looking very good. Based on this week i'm figuring now its going to be a long and slow climb over winter for stock prices with tv. There is only one thing that will drive stock prices higher for the next 2 months and that will be zinc stockpiles to continue to dwindle to a point where it creates a buying frenzy and prices go up. I predict there should be a dump of hidden reserves on the market soon, but that it will resume going down after a 1-2 day spike in stockpiles.

one analyst changed their price target for the stock to 3.25 now, and several others are holding steady in the 2s. not bad for a stock trading at 1.40ish right now. If i wasn't so heavily weighted in to this stock right now i'd be buying more, but I think i'm going to hold off on more tv and instead buy CJ as my next purhcase to diversify a bit. I haven't owned a dividend stock in 6 months and i still like this one as long as crude prices remain in the 50s.

Pony I'm holding only 2400 shares again, and i'll continue to hold that long term. My opinion is pony is being pony, and will likely do what pony does, which is continue to be worthless while making money. if it dips under $3 i'll double down again. THe problem I see is NG companies often hit their peak value in jan..... but that isn't far away and it doesn't look good for crazy movement happening anytime soon.

still not touching the big dope stocks (i figured they peaked and they sure look like they have), however with the volatility of DOJA, I am tempted to throw 5g at it if it hits <80 cents. this thing is a daytraders dream lately.

[taemo]

good time for re-entry with weed stocks? down 6-9% right now.

[kenny]

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any specific small-mid sized that you recommend?

I don't recommend anything since its all spec/gambling lol but considering picking up some MJN and OGI but waiting to see how far they retreat.

[max_boost]

The rare time in my life I get out of a stock and it drops lol haha