Buying Just Because

For whatever reason the market wants to go higher, as a result of this “vibe” why not buy something!?

For the “Fuck of it” I bought more CSIQ @ $15.35 and BPOP @ $1.41

CSIQ releases earnings on Thursday and BPOP is a shitty foreign regional bank on the verge of BTFO’ing or staying a loser like it is now.

Hat tip to The PPT for BPOP and I basically bought CSIQ because… Why not!? Was going to buy it earlier today at the same exact price but backed out, it’s come back to my zone so I”ll try it.

One thing I will remark on is the psychology of the market. You can look at yourself and your own behaviors and then imagine how others behave and why the market moves the way it does. Why am I eager to buy CSIQ on a “dip” from the day highs but when it drops $2-3, I won’t touch it!? Hmmmmmmm…..

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 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 4.94/5 technical – 4.64  #8 in The PPT

KEG – #7 in The PPT

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?

I moved this weekend and am still not “hooked up”. However I do have a duty as the “King of the PG”, in fact it feels kinda like the”Captain of the B team” which is pretty cool for one of the losers who doesn’t qualify for the “A” team. The weekend was filled with fishing, drinking and a rare occurrence of straight women trying to impress a “lipstick lesbian” on a dance floor through a variety of “suggestive gestures”at a “Champagne Party” of sorts that spilled over into a near abandoned bar busting out quality beats.

I’m writing this at the expense of my fishing buddies who are waiting but I have “things I must do” before we go, essentially writing this worthless post at a family members place near by.

Checking the futures, wholy shit today looks as though it is going to be a “good day”, dare I say a ‘great day” for someone who will be in no capacity to check in on their stocks today. It’s a holiday for us Canucks today and as a result, I’m fucking outta here. Don’t ask me what holiday it is as I have no clue, in fact I didn’t even realize we were having a holiday until someone much more informed let me know.

The only two stocks worth mentioning here in my portfolio are CSIQ which quite a few gentlemen, myself included are in and UNG which is acting less like the bastard child that it is. On the topic of CSIQ, if anyone bought the dip on Friday, I salute you.  Another stock acting less like a bastard is STAR which has also gotten quite some discussion on The PPT, again I bought this dip WAY TOO EARLY to the tune of $2 too early but it looks to be coming back nicely. I must remind myself that buying positions is NOT an event but a procedure that should be done over time, fools rush in and fools miss out on the gold rush like  payouts of those who had patience.

I’d attach some images and discuss some things but I can’t even figure out how to put pictures in,  this “blogging system” is similar yet slightly different then that in the “Regular PG”. I could do it the old fashion coding way but I have no time for that.

In closing, I’m glad to be “King of the PG” and stay tuned for many more timely and argubaly relevant updates.

P.S Please take down that “Foreclosure” sign.