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06-19-2013, 04:01 PM
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#8676 | | Rs has made me the man i am today!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
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Market up, market down. Reminds me of Fall 2008. Every day, the direction changes.
I would do a short term bullish options play on QQQ for tomorrow in my virtual account. Just playing the indices would be good enough. Then, I'll I'll do a bearish play the next day.
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06-20-2013, 10:58 AM
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#8677 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,595
Thanked 1,022 Times in 450 Posts
Failed 54 Times in 30 Posts
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Originally Posted by will068  I would do a short term bullish options play on QQQ for tomorrow in my virtual account. | Too bad it's monopoly money.  | |
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06-20-2013, 11:30 AM
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#8678 | | Rs has made me the man i am today!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
Failed 46 Times in 23 Posts
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Originally Posted by Spoon Too bad it's monopoly money. | Good thing it is monopoly money. hahahaha. I've been out of the market (at least not a bull ) since the end of May, when the stochastics for the Dow on the 1 year chart went below the 75.
I was hoping that the Dow would close around 15,500. That was my exit point from January. But when it only reached that point only during intra-day, I was skeptical and was slowly cashing in.
Upcoming floors for the Dow would be 14700 and 14600. Here we go. Looks like the bears are winning.
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06-20-2013, 12:42 PM
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#8679 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
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i short SP500 futures. after it made new lows.
bought back small profit, gonna resell sometime higher.
i bet the market will go up, give the bulls a chance to break even or take a small loss... they will take it, then the market will tank again.
I made a fat finger mistake yesterday, i sold 4 contracts of gold, realised my mistake and got out with a 1000 dollar loss lol.
that fat finger mistake was a sign from god. i shoulda left it in, i'd be up 40k today in gold oh well. just goes to show u there's many other chances.
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06-20-2013, 01:04 PM
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#8680 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
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posted this in the newb thread, but im sure you guys will make use of this too
it's kinda obvious... most people already know the following info... just... they don't follow it LOL 
emotional control.
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06-21-2013, 10:07 PM
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#8681 | | Revscene.net has a homepage?!
Join Date: Sep 2008 Location: nowhere
Posts: 1,233
Thanked 792 Times in 158 Posts
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Do you guys play gold ETF? Whats your guy's outlook on gold?
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06-22-2013, 06:25 AM
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#8682 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,754
Thanked 2,839 Times in 1,219 Posts
Failed 616 Times in 193 Posts
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Originally Posted by 3klipze Do you guys play gold ETF? Whats your guy's outlook on gold? | I'm not sure what's the gold outlook. But I have heard a friend (who works for one of the largest PE in US) saying that many are betting the gold to return to 3-digit prices within 2013.
__________________
Nothing for now
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06-23-2013, 05:31 PM
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#8683 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
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Originally Posted by 3klipze Do you guys play gold ETF? Whats your guy's outlook on gold? | bearish. as of right now it looks like it could head to 1000.
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07-04-2013, 09:31 AM
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#8684 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
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are you guys making any bets into friday's report?
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07-04-2013, 08:58 PM
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#8685 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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Green!!! Triple digit
Posted via RS Mobile | |
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07-10-2013, 04:26 PM
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#8686 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
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ALL HAIL THE BEARDED CLAM, ALL TIME HIGHS BY FRIDAY? LOOOOOOOOOOOL
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07-11-2013, 03:56 PM
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#8687 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
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crude oil looks toppy...yesterday red, 60min crossing over now. hopefully it pulls back. it could just keep dropping though.
sp500, i assume it will test the previous highs... and when it does it could be a good time to play a straddle. it'll go one way or another lol.
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07-11-2013, 07:26 PM
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#8688 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
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just btfd, easy money till next catalyst for a sell off
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07-16-2013, 07:33 AM
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#8689 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,660
Thanked 757 Times in 381 Posts
Failed 150 Times in 49 Posts
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CUU and Teck announcement joint venure, thoughts?
SP up to a high of $0.88....settling around $0.8 right now
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07-25-2013, 08:40 PM
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#8690 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
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perfect time to be building positions in the major mining companies
barrick, teck and potash are the new buys for my portfolio
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07-25-2013, 10:22 PM
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#8691 | | RS controls my life!
Join Date: Nov 2012 Location: YVR
Posts: 711
Thanked 455 Times in 242 Posts
Failed 64 Times in 21 Posts
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I prefer goldcorp instead of barrick. May I ask why you purchased ABX? The shutdown and write-off of the mine in argentina is troubling for me
Last edited by noclue; 07-25-2013 at 11:16 PM.
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07-27-2013, 05:45 AM
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#8692 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
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Originally Posted by noclue I prefer goldcorp instead of barrick. May I ask why you purchased ABX? The shutdown and write-off of the mine in argentina is troubling for me | Barrick made a very big bet on copper (under Aaron Regent) - Equinox Minerals. Barrick is beaten down already and heavily discounted making it a good value play. Goldcorp is the darling of the sector right now. I stay away from market darlings.
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07-27-2013, 02:43 PM
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#8693 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Mar 2004 Location: LANGFORD!
Posts: 1,883
Thanked 1 Time in 1 Post
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Anyone in the Vix? Record lows... doom on the horizon.
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05 350Z Touring
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07-30-2013, 11:55 AM
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#8694 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
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Holy POT!
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07-30-2013, 05:13 PM
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#8695 | | RS controls my life!
Join Date: Nov 2012 Location: YVR
Posts: 711
Thanked 455 Times in 242 Posts
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Originally Posted by suzuka84 perfect time to be building positions in the major mining companies
barrick, teck and potash are the new buys for my portfolio | a moment of silence for your potash position. hopefully it'll recover, just need another major drought!
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07-30-2013, 05:41 PM
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#8696 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
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trading strategies for the softs are reversed i find. only during scares does it turn into a bullrun. all other times are bearish.
they'll only go up sharply when there's a drought, or tight supply or some scare.
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08-01-2013, 03:11 AM
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#8697 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
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Originally Posted by noclue a moment of silence for your potash position. hopefully it'll recover, just need another major drought! | lets hope the russian govt can force them back into the cartel. The economics of it makes sense, the population is growing while the arable land is decreasing forcing farmers to produce more with less, the only way to do it is with fertilizers.
I'm thinking potash and monsanto to diversify away from metals and mining.
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08-01-2013, 03:47 PM
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#8698 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
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Originally Posted by suzuka84 lets hope the russian govt can force them back into the cartel. The economics of it makes sense, the population is growing while the arable land is decreasing forcing farmers to produce more with less, the only way to do it is with fertilizers.
I'm thinking potash and monsanto to diversify away from metals and mining. | Not just that but growing numbers of meat eating population. I remember it takes 7 pounds of grain to farm 1 pound of meat.
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08-01-2013, 10:55 PM
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#8699 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
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down go the metals.
edit: i still think they're going down. today is just a bump in the road.
Last edited by Ulic Qel-Droma; 08-02-2013 at 06:00 AM.
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08-05-2013, 11:24 AM
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#8700 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
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Been a while since I posted! Damn work is controlling me during trading hours.. which is probably for the best :s hahahaha.
Still holding a massive chunk or AMRN around the 8.50$ mark, currently trading around 5.50$, bought my first AMRN shares in July of last year... talk about a long hold!!!! With any luck it will all be over by December 
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