Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,133
- Reactions
- 11,236
Yep, I sold out my long position last week, just in time....Kauri said:
Best short in the market?
- Thread starter spitrader1
- Start date
Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
- Joined
- 24 January 2007
- Posts
- 26
- Reactions
- 0
no, this one is about to fall through the floor
>Apocalypto<
20.03.2012
- Joined
- 2 February 2007
- Posts
- 2,233
- Reactions
- 2
WPL, RIO
have been great since last may to play on the short side all where short term trades off the back of failed rallies. But don't think that will make them great for the next 6-8 months.
this is not a recommendation people just past experience from trades i have made since last May! :ald: (love these smilies!)
have been great since last may to play on the short side all where short term trades off the back of failed rallies. But don't think that will make them great for the next 6-8 months.
this is not a recommendation people just past experience from trades i have made since last May! :ald: (love these smilies!)
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,133
- Reactions
- 11,236
Any idea's here?
I don't think this will be a one day sell off, but not a 'crash' either. A chace to put on some shorts IMO.
( I'll probably be wrong one way or the other
)
So, what do you think?
My guesses are anything specific to the US where the pain is comming from.
WDC, RIN, RMD, CSL, and JHX must be a monty for a short....
Any financials relying on the US?
Only long players might not want to turn on the computer today. Ouch.
(would have been nice to put them on yesty!!! )
I don't think this will be a one day sell off, but not a 'crash' either. A chace to put on some shorts IMO.
( I'll probably be wrong one way or the other
)So, what do you think?
My guesses are anything specific to the US where the pain is comming from.
WDC, RIN, RMD, CSL, and JHX must be a monty for a short....
Any financials relying on the US?
Only long players might not want to turn on the computer today. Ouch.
(would have been nice to put them on yesty!!!
)
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,133
- Reactions
- 11,236
I agree this is a potential.
I think JHX is looking more vulnerable though. Check out these 2 charts.
$8.00 is supposed to be support, but with this DJI action
Next stop 7, or maybe 6.50...Attachments
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,133
- Reactions
- 11,236
I agree there might be a good opportunity to pick up WDC as a long term investment at some stage here, but perhaps not yet, IMO. Checking the chart, it seems clear that the breakdown through $20.30 ish, with next decent support at $18. US is off more than 100 as I speak, so looks a possibility.
Attachments
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,133
- Reactions
- 11,236
numbercruncher
Beware of Dropbears
- Joined
- 12 October 2006
- Posts
- 3,136
- Reactions
- 1
Yah i reckon ANZ especially once realestate starts tanking they seem to have alot of exposure to over inflated New Zealand realestate.
Just my humble opinion
Just my humble opinion
I miss the time when I was trading on NYSE.
On Nyse, you can short everything with cost similar to long shares. but Here only very big company are available to short. The cost of short is very high, if you chose to use CFD, which made profitable short day trading a mission impossible.
Is anyone here know a cheap way of shorting small stock?
On Nyse, you can short everything with cost similar to long shares. but Here only very big company are available to short. The cost of short is very high, if you chose to use CFD, which made profitable short day trading a mission impossible.
Is anyone here know a cheap way of shorting small stock?
chops_a_must
Printing My Own Money
- Joined
- 1 November 2006
- Posts
- 4,636
- Reactions
- 3
Has anyone been on RHG?
Another humdinger of an announcement this morning.
At one stage the 9th row of the depth was at 20c...
You really wonder if this company will exist looking ahead...
Another humdinger of an announcement this morning.
At one stage the 9th row of the depth was at 20c...
You really wonder if this company will exist looking ahead...
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,133
- Reactions
- 11,236
Surely anything oil or supporting old time energy production is a short?
Please list.
Long term short potential.
Please list.
Long term short potential.
- Joined
- 1 November 2009
- Posts
- 424
- Reactions
- 67
Not according to the chart watcher in the attached link.
In the video interview, the oldtimers of "old time energy" are very cautious of the price movement.
"Oil's rally could set up a test of $68 per barrel, says a chart watcher who saw the current move coming"
https://www.cnbc.com/2017/07/29/oil...-watcher-who-saw-the-current-move-coming.html
CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
I agree, oil is set for a good run higher.
CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
I need more evidense for a run to 68 but my current target would be 52.50 ish if the we can get through 50.80...Looking for longs for now. 50.25 to 50.50 may get covered quickly as it has been an area of low volume in the recent past.
- Joined
- 30 May 2017
- Posts
- 2,513
- Reactions
- 4,140
I'm with the above posters... Oil prices have been hovering at these rock bottom prices for quite a while and a lot of the producers are barely profitable pulling barrels from the ground if not losing money. US shale oil caused a big oversupply back in the day to send oil prices to these levels from what I've read. But a lot of the shale producers have stopped producing/exploring as it's not economical when oil price is this low and extracting oil from shale is a complex and expensive process. So in my opinion this oversupply would dry up, paving the way for higher oil prices.
I just added a speculative oil/gas play (Buru Energy, BRU) in my speculative stocks journal that I keep here at ASF. It says that it still has a A$25 - A$30 operating margin even at current prices. So it's margins are leveraged to a rising oil price.
Not sure of any targets but oil price should go higher from these levels I reckon...
I just added a speculative oil/gas play (Buru Energy, BRU) in my speculative stocks journal that I keep here at ASF. It says that it still has a A$25 - A$30 operating margin even at current prices. So it's margins are leveraged to a rising oil price.
Not sure of any targets but oil price should go higher from these levels I reckon...
