My Take On Markets

Stochastics Rants... Buy High And Sell Low is NOT the formula for success

Here is my rant on gas and oil markets that have been in rally mode for the last 2 weeks.

This is just the Canadian And USA Brokerages creating A sucker rally in which the brilliant among us cashed out. Did you see the bull crap rallies created in these? All bullshitt,

OPC, ITX, CMT, not based on any material change as stated by the companies.

Pure manipulation and guess what they got the money again and retail got the paper and now these stocks will slowly slide back because the brokers who pumped them have cashed out, but I bet you didn't.

All these stocks will just slowly slide back tick by tick, as retail wonders do I sit or or do I sell, and the stocks are ALL ticking down, did you notice?

The hot money has left the stocks, and they will decide when its time to run them again and they accumulate shares that retail will unload at much lower prices.

Sheeple get sheared again,

Don't believe me?

well then it's time to read this article that I posted years ago, which holds true for the last 100 years. http://wave2.netfirms.com/deadly.htm

Most are holding lousy paper in sectors like Nat Gas which they say is at a bottom, the facts are that they will not use up the storage for 10 years. Nat Gas is in the can because of oversupply and lack of industrial use.

And with this new shale Gas coming online I'd be surprised if nat gas gets to 6.00 in the next 24 mths. But that didn't stop them from running up during public financing, no the salesman just hustled there clients to get the money REGARDLESS of the glut in oil and nat gas.

ONLY moved because of pure momo created during financing and promotion.

Did you notice how many companies suddenly in September were raising money?

Did you also notice how many had wonderful discoveries and increases to their reserves.

It was like a parade of great news.

Its all a bullshitt electronic casino designed to fleece the little guy.

And guess what...thats just what they did.

After playing this game since 1996 I have seen this so many times and there is nothing we can do about it Bears make money and bulls make money ,

Pigs get slaughtered.

So If you were like me you made sure that you cashed out as close to the top as you could.

And now we wait to accumulate again. What a casino the house always wins.

So the party is over for now and you probably have the pain of the hangover, I know I have some pain but my gains out way my losses so far.

So take a wait to see, hold your losers, or cut your losses, because the next dip down is just around the corner. September is the worst month in the last 100 years.

And yet...it was the best rallies of 2009 Its hot money brokers creating a bull run! Go Figure!

Me I'm starting to accumulate DEE again for the next run.

Delphi Energy Announces Financing 17:16 EDT Wednesday, September 09, 2009

CALGARY, ALBERTA--(Marketwire - Sept. 9, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

Delphi Energy Corp. ("Delphi") (TSX:DEE) announces that it has entered into a financing agreement with a syndicate of underwriters, led by National Bank Financial, (the "Underwriters") to issue and sell on a "bought deal" basis, 12,000,000 common shares of Delphi (the "Common Shares") at an issue price of $1.25 each, resulting in gross proceeds of $15,000,000. The Underwriters will have the option to acquire up to an additional 1,200,000 Common Shares at an issue price of $1.25 per Common Share for additional gross proceeds of up to $1,500,000 for total gross proceeds of up to $16,500.000. Proceeds of the offering will be used to fund Delphi's ongoing light oil development program in Hythe and additional potential acquisition opportunities. The offering is subject to normal regulatory approvals, including approval of the Toronto Stock Exchange. Closing is expected to occur on or before September 30, 2009.

Triple Witching Friday

Stock markets look to open little changed at end of positive week
8:51 September 18, 2009, EDT.
(Canadian Press)


TORONTO - The Toronto stock market looked set for another flat start to the trading day Friday amid a dearth of market-moving corporate news and economic data.

The main TSX index drifted 27 points lower Thursday, breaking a solid five-day advance that netted more than 500 points as investors grow more confident about an economic recovery.

New York futures also pointed to a weak open as the Dow Jones industrial futures moved up 13 points to 9,750, the Nasdaq futures were up 2.2 points to 1,722.2 and the S&P 500 futures inched up a point to 1,063.8.

A pickup in U.S. dollar strength send the Canadian dollar down 0.33 of a cent to 93.41 cents US

Oil prices could be a source of weakness in Toronto as the October crude contract on the New York Mercantile Exchange lost 31 cents to U$72.17 a barrel. However, crude is still up more than US$3 on the week, on hopes that the United States, the biggest oil consumer, is on the road to recovery.

Still, the recession has sapped American fuel consumption, and U.S. oil stockpiles are 14 per cent larger than last year.

Economic confidence has risen this week after Federal Reserve chairman Ben Bernanke said the recession is for intents and purposes over, industrial production rose sharply in August and housing starts are heading higher.

A wild card in Friday's trading is the fact that it is a "quadruple witching day."

This happens four times a year on the third Friday of the last month of the quarter when contracts on stock futures, stock index futures, stock options and stock index options all expire the same day, and this can make for a volatile session.

Metal prices were mixed as the December bullion contract on the New York Mercantile Exchange rose $1.70 to US$1,015.20 an ounce while December copper was off three cents to US$2.87 a pound.

European markets traded in a narrow range as Germany's DAX and the Paris CAC were flat while Britain's FTSE 100 rose 0.1 per cent.

Asian markets closed mostly lower, as Japan's Nikkei 225 stock average fell 0.7 per cent while

Hong Kong's Hang Seng dropped 0.7 per cent and China's Shanghai index lost 3.2 per cent.

CRO Completes Financing

Canadian Arrow Completes First Tranche of Private Placement with Investors including MineralFields Group

cnw

TORONTO, Sept. 18 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement pursuant to which it issued 5,700,000 units at a price of $0.05 per unit for gross proceeds of $285,000 and 30,900,00 flow-through shares at a price of $0.05 per share for gross proceeds of $1,545,000 (together, the "Offering").


Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole such warrant being referred to herein as a "Warrant"). Each Warrant entitles the holder thereof to purchase one common share of the Company (a "Warrant Share") for a period of 18 months following the closing at an exercise price of $0.10.


The investors acquiring securities in the Offering included the MineralFields Group. "We are very pleased to have completed this phase of the offering and to have the involvement of the MineralFields Group", said Kim Tyler, the Company's President. "This is an important milestone in the growth of the Company and we look forward to working with MineralFields Group and our other investors as we develop our properties."


In connection with the Offering the Company paid a commission to certain registered dealers in the amount of 5% of the gross proceeds. It is anticipated that the closing of the remainder of the private placement will take place on or before September 30th, 2009.


The proceeds from the private placement will be used to advance exploration on its Kenbridge nickel project, its other regional projects and to provide the Company with additional working capital.

The Company has 116,938,950 shares outstanding following the completion of the Offering.

The securities issued in connection with the Offering are subject to a four month hold period.

This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements.

Oil Patch High-frequency trades cited for share surge

High-frequency trades cited for share surge
NATHAN VANDERKLIPPE


CALGARY -- The massive bump in share price for OPTI Canada Inc. has some of the hallmarks of a high-frequency trading blitz, say traders and analysts who cover the oil sands stock, which has swung wildly over the past two days.


On Wednesday, OPTI closed up 34 per cent, despite a far more modest increase in both oil prices and the country's energy index. Shares in the small oil sands company, whose primary asset is a 35-per-cent share in the Long Lake project with Nexen Inc., gained another 15 per cent yesterday before falling back to close even with Wednesday's price.


The rapid movement was approximately mirrored by another small oil sands player, Oilsands Quest Inc. , which shot up 11 per cent yesterday after posting a similarly large gain on Wednesday. Volatility also affected UTS Energy Corp. and Connacher Oil and Gas Ltd. , and raised eyebrows across the oil patch, not least among those affected.


"It's interesting that the markets swing this far this fast. It puzzles all of us, I think," said Oilsands Quest executive chairman Murray Wilson.


Mr. Wilson believes the jumps came from a combination of technical trading - where heavy buying can be triggered by a stock price crossing a certain threshold - and more normal activity among long-term investors and hedge funds.


Oilsands Quest is not seeking a merger or acquisition, although it is often approached, Mr. Wilson said.


"We have absolutely no specific knowledge about matters which could cause the shares in ourselves, or the rest of our peer group, to move in the manner that they have," he said.


OPTI also released a statement telling markets that it "is not aware of any specific circumstances that may be contributing" to the recent activity.


But the trading pattern - in which CIBC and TD each bought and sold nearly equal numbers of shares in trades that accounted for more than half of the activity - suggests to others a repeat of the sort of play that some believe also sent OPTI shares inexplicably skyrocketing earlier this year.


In what's called high-frequency trading, firms can make money by using computerized systems to execute huge rounds of lightning-fast small trades, and capitalize on passive rebates offered by exchanges.


According to market traders, exchanges pay about 25 cents per 100 shares to the passive - or offering - party in a transaction, as a way to boost liquidity. In other words, if a broker has 100 shares to sell, and someone else meets the asking price, that broker will make 25 cents. The same rebate is given to a broker offering to buy shares at a certain price.


(Exchanges make their money by charging about 35 cents per 100 shares to the person buying from or selling to the passive party. The exchange pockets the 10-cent difference.)


Such high-frequency trading, which some say should be illegal, allows companies to cash in on trades where a stock is bought and sold at the same price - and can be profitable when the shares traded number in the millions, as they have with OPTI in recent days. But the massive trading the practice generates can serve as a signal to others that something is happening.


"People that don't know maybe say, 'Where there's smoke, there's fire.' And it feeds on itself," said Duncan Anderson, assistant vice-president and portfolio manager of Canadian equities at MFC Global Investment Management.


For OPTI, as with some of the other junior oil sands players, market interest has already been stoked in part by PetroChina Co. Ltd., whose $1.9-billion deal with Athabasca Oil Sands Corp. on Aug. 31 signalled the return of international interest in Fort McMurray's huge bitumen deposits.


"The speculation is that ... more oil sands investments [are] going to be coming from some of these sovereign wealth funds," Mr. Anderson said.