HERO – Hercules Offshore, Inc.
Been getting lots of mentions lately and some buys in The PPT. It’s currently “teetering” on / just below it’s 20 day. I’d still like to get into this hurricane play mode besides my lackluster investment in HNU.TO BUT I will wait. Should we go higher and you buy now “You’re a genius” and you got it on the dip, if we break this support you’re “Just another sucka”. Frankly I don’t care who I am or what you think as long as I bank coin.
As a result I”m eating a sandwich and god damn I’m hungry AND patient so might as well order a side burger as well.
That is all.
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Hi Dubz,
Isn’t that last candle a bearish engulfing? Seems to me it looks like it’s going down, at least tomorrow. Or am I totally off?
Buzz – I am not into all that candle stuff so I really couldn’t tell you. It’s back up $0.33 from the close to $5 at the time of writing this though. Check out HGSI would have been nice to of got in on that one.
Yeah, that would have been sweet! Over 14% would have been nice…HERO’s back down to low $4.60s though.
Too bad these little gems don’t seem to be on the TSX…
Buzzkill – I agree with you, that said there are plays on the TSX to be had but without the PPT screener it’s more difficult / time intensive to find them. As we all know “time is money” so I don’t bother in general.
Luckily most commodity plays are on the TSX as well.
We can use the PPT for TSX?
Awesome!
I might just have to look into subscribing to it then!
As soon as I figure out what I’m doing ;o)
nonoono TSX is NOT on the PPT but hopefully one day.
I was just saying luckily we can buy many commodity plays on the TSX so don’t have to worry about exchange risk etc…
Oh gotcha, sorry.
I’m just starting out, so still learning ;o))
Right now I’m trying out stockhouse for a screener – I’m screening for MA’s and volume only right now, and trying to figure out the candlesticks, looking at swing trades.
I’d spend more time looking for companies that earn $$$. Trying to interpret charts and company actions based SOLELY on technical patterns is well… Works for some EXPERTS but I predict the majority who try and emulate it get destroyed. History often repeats itself but it doesn’t have too…
If you’re new to this whole game I’d try a 1 month subscription but really dive into it. Use the screeners, do your research, ask questions in the forum and after that if you don’t like it quit.
I bought a year subscription it paid for itself quickly.
It’s easy on your own to get into some “popular investments” and lose your shirt quickly.
Good luck either way,
I’ve been DIY investing for about a year now, buy-and-hold dividend payers through fundamentals. I was looking to add the technicals for swing trades, only about 10-20% of my portfolio.
But yeah, I look at fundamentals as well.
Can I ask you who you use as a broker? I’m with Qtrade – fine for the occasional buy-and-hold, but will get really expensive if swing trading. I’ve heard a lot of bad things about Questrade and Tradefreedom, although they’re the cheapest.
Thx for the help!
I’d recommend you try Questrade. You can’t beat $4.95. Ignore the haters.
If its Swing Trades you’re looking for the screener will be awesome as it sorts through the crap to only outline stocks that fit your particular requirements.
Thanks dubz.
That’s one thing I find difficult is getting good screeners for the TSX…
I’ll keep you posted!