RE:RE:RE:RE:RE:RE:shorty shortsIt is a little funny to talk about risk, but particularly important in these times. Two main intra-day (day-to-day risk is another matter altogether) types should be observed when trading CPG.TO. First, if a smaller profit can be made more quickly, risk is greatly reduced by taking money off the table and locking in the gain, even if a slightly bigger gain might be made by waiting quite a bit longer (the risk avoided being the possibility of a reversal). This is more likely to be achieved successfully when one catches the outer limit of a trading pattern (i.e. a bigger dip). Second, and this requires very close observation, is risk stemming from CPG.TO's stock price lagging the movement of oil. If oil is falling and CPG.TO is not at a given point in the trading day, risk is more elevated. At times the result is a "cascade" of the stock price to a new lower trading level. This is where inattentive traders get caught.
CDNdollars4me wrote: Takeactionnow wrote: The spreads are narrowing. My (very conservative) trading today managed $1.43 to $1.53, $1.47 to $1.51, and $1.47 to $1.51. Oil is drifting down, so those spreads are a little too risky right at this moment.
Moemoney42 wrote: Yeah I've noticed the spreads throughout the day lately have been narrowing... watch you don't get caught on the wrong side if the spreads narrow too much.. it might not be worth trading in and out at that point... but I'm sure you have already factored that in... nice work none the less.. Moe $$
Bpultra wrote: Moemoney42 wrote: Bpultra wrote: 03/31 a dif of -1.5 mil but stll was 10 mill short last prce was 1.09 and price range .90 to 1.09 so remember all the idiots that showed up at that price range.. I also bought in there... LOL
So was I Bpultra... last buy at $.94 cents... looks great today.. ;-)
Moe $$
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Yeah my lowest was 88 .. but then 98 then 1.02 and then 1.20 ... are my traders... and was able to get 10 plus cent swing trades .. but last two days the spread is less .. and seems like buyers want in right now.. and if they get an oil deal this should pop.. wich we would get those old 30-40 sent swings like the old days or even like MEG right now... but thinking we will get some pretty high INV oil levels then the ALgo will kick and drop and then maybe able to scoop before they announce an oil deal and then we move up... that is my hope and my quess
Funny you use that word, risk....lol...for oil stocks...
Getting back to my question yesterday, looks like bull prey is
our shorter expert.....and again this a sector move....would not surprize me to see another 3%
today.....but that is just my opinion...somebody said something about a full moon...and lunar cycles....lol