iBankCoin
Joined Jan 1, 1970
1,010 Blog Posts

Green on Black Gold!

Black Gold!

Back at work and back to bringing you timely updates of arguably useful nature. What a day to miss yesterday, hopefully everyday I ever miss will resemble yesterday to some extent. On the much longer drive to start my morning that began today I began thinking why I have such a zeal for making money. Most of you want money so you can spend it on consumer bullshit, I want money so I can do what I want, when I want, wherever in the world that I please. Quite the difference no?

Checking in on The PPT for the first time in several days, I was glad to see that the place was still stacked with ideas, timely information and plays of other members. I’m quite glad to be back, I’ve never found anywhere online or offline that produces more profitable ideas and delivers more information on specific equities. Again, I digress.

The average hybrid score on The PPT is 3.03. The hybrid score > 3 has typically marked a short term top in the past. However in the past we’ve been in an incredibly harsh bear market. Not to say that we are out of such said market, but if we are beginning to move past that and into a new bull market, scores of 3 will be rather common. (According to a most distinguished source)  My opinion on the market has not changed much since I made my first post in the PG stating “Equities still look cheap to me“.

The following 10 stocks are The PPT‘s current favourite: BRY, DWSN, YZC, FUQI, ROSE, SGY, KEG, PKD, GTI, TII

Something worth noting is that 60% or 6 out of the 10 top industries ranked by The PPT involve “Oil & Gas” from the major integrated, independent, drilling, exploration, pipelines and refining. I will look to see if this rip continues, if not I will try and buy some pullbacks. If you’re inside The PPT you’ll know I already own Suncor. I bought it @ $33.33 on the TSX @ more @ $34.85 on the earnings dip. My target is $40 and I will not sell until it gets there. (Who knows really but that’s the plan). This is also great news for my XTXI position that I bought (at the beginning of a prolonged dip @ ~$4.30)  much too early. I bought it and dropped like a fucking rock along with my over sized DXO position that I later ditched for a profit after riding a 25% dip. (Ouch)

SU - SUNCOR

SU – Suncor Energy Inc – 4.12/5 Hybrid on The PPT – Low Cost Producer in Alberta Tar Sands


Other stocks in the Oil & Gas Arena worth noting also include:

PKD
PKD 4.94/5 technical – 4.64  #8 in The PPT

KEG
KEG – #7 in The PPT

SGY
SGY – #6 in The PPT

In closing, the market is about to open and making these posts inserting the images manually is fucking taxing and I hate taxes. I’ll be looking to sell out of weaker positions that I’m holding / have held too long to enter areas that are prime for growth. As far as I’m concerned the only “poor class” stuff you can do trading is lose money, nothing wrong with breaking even on a bad trade to get your $$$ out.

P.S Please change the “King of the PG” avatar to a more suitable one.

P.P.S Anyway to install same plugin the PG has for adding images?

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