[willcls]

What do you think about GOLD in the long term (like in the next 3 months)???

I don't know about that paulson's plan... I think there might be selloff right after Friday tho.

keep in mind with everything there is uncertainty...with that said this is my opinion. take it with a grain of salt.

the fed has lowered interest rates at the fastest pace in HISTORY. the last meeting they lowered 75 basis points while gold investors were looking for a full percentage point. they were dissapointed that is why we saw the price drop from $1000 to $900 in like 3 days. rate cuts are unlikely to be as aggressive in the next 2 meetings. most likely 25-50 basis points. putting a weak floor under the USD. remember the european and japanese central bank has been on hold instead of lowering interest rates. which props up the EURO and YEN and is bad for exporting countries like germany(#1 in the EU)and japan. they have incentive to lower rates to cool the currency to alleviate exporters pain. it is speculated they will do so during the next meeting. this is again good for the USD which has an inverse relationship with gold.

also financials make up a majority of the SP500 and as a foreign investor the number 1 focus for us is the currency of the USD. gains can be erased by currency movements and losses multiplied. and the opposite is true also.

rebate cheques start rolling out in spring and summer and i doubt americans are going to save it when its sunny out. again good for us economy.

so the combination of rebate cheques and low interest rates is a formula for easy money again for those who have the credit worthiness they will take advantage of this while the poor not so much.

the financial problem stemmed from too much easy money and apparently the fed is saying we have to flood the market with money to save it!

this is the equivelant to giving a crack addict more crack just to calm it down for the short term and postpone the real pain.

fyi ben bernake wrote his thesis on the crash of 1929. he theorized that if the acting fed lowered interest rates fast enough and flooded the market with money that the crash would have been prevented. it appears that helicopter ben is testing out his theory as we speak, with the american economy as his guinea pig. intersting times we live in that is for sure.


in summary 3 months i would consider short term. there will be weakness/sideways action.

long term inflation will overwhelm the fed (dont fuck with market forces!)
and gold will fucking skyrocket. i have been a goldbug since gold was around $300/oz.

think about 2009 and 2010 when gold wil start its march toward $2000/oz

silver will probably outperform gold tho. it is like the poor mans gold

[wouwou]

i have been a goldbug since gold was around $300/oz.


I was just gonna say that:)

Time to invest in gold is 10 years ago at 200-300.

at 900+, it's not investing, it is speculating

[wouwou]

CDE.X

JPMDW.X

my stomach really hurts from all those adrenaline rushes

[Feint*]

WINNING BRANDS CORP(Other OTC: WNBD.PK)

Last Trade: 0.0275
Trade Time: 3:59PM ET
Change: 0.0095 (52.78%)

Just got their contract with WalMart, could be an interesting one.

http://biz.yahoo.com/iw/080326/0379892.html

Went over 30 cents this morning.

Good analysis by willcls, I agree with his perspective on gold, investors are losing faith quickly in USD and the rapid rate cuts are just band-aid solutions.

Great outlook from back in 2007 Sept by a knowledgeable Russian investor.

http://seekingalpha.com/article/46361-commodities-rising-in-the-wake-of-a-falling-us-dollar

The US Dollar enjoyed happy times for most of the last century. In its full glory it was driven by a bull market in equities from 1980, economic expansion and, most importantly, by its safe haven appearance. After the collapse of the Soviet Union, nobody could challenge the USA as a super power and its "world’s policemen" status. Dollars were welcomed everywhere as the official tender for transactions, and entire nations kept their wealth in USD denominated assets. All black markets across the world and emerging economies had only one official currency – American Dollars.

Not any more. First, dollars fell out of favor in shady circles: try to buy any real estate in Eastern Europe now - dollars are not welcome. Now government institutions are ready to accept necessity of diversification out of reserve currency of choice. The Dollar as any other FIAT currency is not backed by any tangible assets apart from a “solid” government promise to pay back. This promise is based on the government's ability to create wealth and spend less than its revenue in the form of taxes, and its ability to manage cash flow - its trade and current account. The US Dollar's fate is based on trust. Trust that the government will repay the same value plus interest on its IOU, trust that government inflation figures are correct and your interest payment or yield on US Treasuries will be above real inflation and provide a positive return.

In August we witnessed that the trust is gone, first in subprime securities, then in rating agencies. All financial systems were put on hold because nobody trusts anybody. The academic approach that derivatives are helping spread and reduce the risk has proved to be wrong. The risk was spread to the least prepared, those who trusted the AAA ratings of subprime engineered junk. When even the risk-averse-sleeping-state-owned German banks get hurt in this turmoil, what is happening with risk proactive US banks?

Conservative Swiss UBS (UBS) was quick to shut down hedge funds with mere losses of a few hundred million dollars and the CEO was fired within two weeks after that. In the USA, a high profile victim so far is the CEO of Standard and Poor’s rating agency, which was given high ratings to tranches of CDO being paid by issuers of these junk paper. There will be more victims to come and losses will be exposed, but the first victim is already apparent. The US Dollar is losing its trust and appeal as a reserve of the last resort. The dollar is no longer preserving value, nor is it providing security as the most common investment instrument of US treasuries.

Dan Norcini reported:

This is the fourth consecutive week in which Treasury holdings by foreign Central Banks in the US Fed Custodial Accounts have fallen. I am continuing to monitor this development as it seems to be something flying under the radar screen of most analysts in spite of the ramifications involved should it continue and become a serious trend.

You can see the consequences of Stagflation and it's victim – the US Dollar. After the subprime shock and the housing melt down, the US economy, in real inflation adjusted terms, will be in stagnation in the best case scenario. The government and Mr. Bernanke will try to fight this subprime fire by adding more gasoline. All these bubbles were created by easy credit and now they will try to save the financial system by pouring more money into it, creating monetary inflation and eroding the value of the USD and other FIAT currencies. The long term chart of 30-year US Treasury Yield is in its definite break out from multi year down trend after double bottom reversal formation. The appetite for subprime currency and assets denominated in it is falling and, in order to sell it even AAA rated, you need to raise the premium - yield. In addition, more selling of treasuries by China, Japan and other US creditors will put more pressure on prices and yield will go higher with USD going down.

Now this process will be accelerated with active role of Sovereign Wealth Funds [SWF]. In order to diversify their reserves from the US Dollar wealthiest countries have created SWFs. According to Financial Times, the top ten have a 2.4 trillion dollars cash pile, with the biggest one, Abu Dhabi Investment Authority [UAE], standing at 875 billion dollars. It is also important to note that China has so far allocated “only” 300 billion to its State Foreign Exchange Inv Corp Central Huijin. This comprises less then 25% of its more then 1.3 billion reserves. In the case of UAE, it is 90% of reserves. Now all these money will be deployed in order to protect their value and secure resources for growth in all these countries.

As the US Dollar continues, Gold and Silver will be going up driven by the economic fundamentals of supply and demand. All raw materials will appreciate in their value. Demand created by rising population and infrastructure development in BRIC countries will push commodities' prices higher. Also, these countries are not experiencing any lack of paper dollars losing their value by the hour, further leading them in their willingness to exchange dollars for the real goods. As more paper money begins chasing the same supply of real goods, it will lead to the higher prices.

PGM and base metals industry will be driven by further consolidation. The trick is that you can not create any new supply of commodities, gold or silver in a split second as you can create supply of new credit in the financial system. Mr. Bernanke does not even have to use helicopters for flush of liquidity rescuing markets, just political will and PC in the Federal Reserve System. The new commodity supply story is completely different – the cycle is long, boring and risky. You have to find deposit (it is rule of thumb that from 1000 drill holes only 10 will lead to economic discovery and only 4-5 will become mines). You have to secure all permits and financing. You have to build the mine with all of the necessary infrastructure: water, electricity, safety and environmental issues. You can allow from 6 to 10 years depending on the type of commodity, technical issues and permitting process. After 20 years in a bear market, the commodities industry is feeling the heat right now with the lack of qualified personnel, drills and diminishing resources base. Majors are not even exploring any more and are cultivating partnerships with Junior mining and exploration companies, spreading the risk and running short on time. Any economic deposit with a proven time schedule to become a mine is under constant search in the industry.

Once we identified our major trend, the demise of US Dollar and the end of its status as reserve currency of choice, we can formulate an investment approach. In order to put this into perspective, just consider that all biggest gold mining companies comprising HUI Amex Gold Bug Index have market cap of a little bit over 100 billion dollars now. Compare it to Google’s (GOOG) 161 billion dollars and the 2.4 trillion of Sovereign Wealth Funds seeking safety from the collapsing US Dollar. Big names in the sector will benefit first: they are on the radar screens of investment banks fighting for the right to advise SWFs. Newmont Mining (NEM) could benefit from consolidation by being number 2 in the sector with Barrick Gold (ABX) looking for new resources. Silver Wheaton (SLW) has a unique business model of 100% silver revenue stream and fixed cost base, giving the exposure to option on rise in price of silver without time decay. Royal Gold (RGLD) price action historically precedes a move in gold price and it has recently developed buy signal. Tanzanian Royalty Exploration (TRE) is backed by gold prophet Jim Sinclair and recently has entered into contract negotiations with a company from the People's Republic of China. Riskier plays which could bring more reward will be Mines Management (MGN) with silver and copper deposit in Montana and Sterling Mines (SRLM.OB) which is going to produce it's first silver from its Sunshine mine by the year end.

The sector is very volatile and provides one of the best entry points right now after the recent sell off. You should stick with the best names in business who will not put their reputation on the line for a quick buck. Among them is Lundin Mining (LMC), a diversified base metal producer with phenomenal growth. After recent acquisitions, the company with its commodity mix and strong financial position, becomes a very attractive target itself and industry consolidation will drive the share price from recent lows. Voting in confidence of its rapidly expanding business, the Lundin family trust bought 8 million shares in the company during the recent sell off and the share price is fighting its way back now.

The most impressive returns in this major investment trend of the decade will be made in junior mining and exploration companies. Money will infiltrate into this tiny sector from the industry majors rushing to secure promising projects for development of their resource base. Once the dust settles and they understand that demand is not affected by US stagnation or even recession and that financing is available, they will go shopping. The sector is very risky and demands a good industry network and discipline. But once you have found your best shots they will pay off handsomely.

[wouwou]

http://biz.yahoo.com/iw/080326/0379892.html

Went over 30 cents this morning.

Good analysis by willcls, I agree with his perspective on gold, investors are losing faith quickly in USD and the rapid rate cuts are just band-aid solutions.

Great outlook from back in 2007 Sept by a knowledgeable Russian investor.


My 4th year research paper on Derivatives 2 years ago also predicted the dollar to hit par and stay there.

I believe it was @ 0.87 when I handed in the paper.

Got an A for that:D

[willcls]

I was just gonna say that:)

Time to invest in gold is 10 years ago at 200-300.

at 900+, it's not investing, it is speculating

lol sum1 made a gold and silver thread

here come the sheep

[Scoobysnax]

Anyone holding RIM through earnings tomorrow? I feel like buying some puts....

[McDick]

My 4th year research paper on Derivatives 2 years ago also predicted the dollar to hit par and stay there.

I believe it was @ 0.87 when I handed in the paper.

Got an A for that:D

Believe this or not...
I actually wrote a paper on Dangers of Sub-prime Mortgage in summer 2007.
The paper is for UBC Urban Land Economic Program and I got an A for it too! I saw that coming from the states. BUT the impact to the economy is way out of my expectation. I actually under-estimated the sub-prime crises.

But then, I learned a lot over the past year.
Always a good time to learn when the stock market is bearish.

[willcls]

Anyone holding RIM through earnings tomorrow? I feel like buying some puts....

i feel like buying calls

[wouwou]

i feel like buying calls

same, but I didn't go all in this time, just some RULDW.X, and hope Iphone is too fashionable a product for managements to purchase:D

I am holding my breath

[Feint*]

Goldcorp and Kinross up around 5% while some jr. gold companies are 10%+, finally some logic in the market.

Who knows why the Canadian FI's are still up? US FI's are down as Bern finally mentions the R word!

[wouwou]

FUCK YEAH! Doubling profit for RIMM

CRACKBERRY FTW!

Thanks to Bern and the R word I was able to pick up some additional really "fairly priced" calls during late trading to even out the cost :D

[Mananetwork]

FUCK YEAH! Doubling profit for RIMM


After hours trading looks good!

[wouwou]

After hours trading looks good!

The increased profit numbers RIM reported translate to 3% increase without any trading. I was expecting the earnings to go past the consensus, but not doubling. I guess Iphone really has quite a bit of security cracks here and there.

However, I made the mistake of telling the wife of this, and the gains are also translated to a shopping plan to HR:(

[Mananetwork]

Is it a good time to drop some money into bear stearns? A bunch of news came out after the bell and the stock is up 2% in after hours trading.

[wouwou]

Basically the Bear news translate into "yeah, the crap there is so messy that my, Bern, certifies"

It's like Chuck Norris saying "I had to double kick her face so that I can't see it"

[Cloudy_Hair]

why the hell does the market keep rallying into bad economical data??!?! this is bs..

good market news = fxp / skf getting crushed.. bad market news = fxp / skf still getting crushed.. this market is rigged!

[insomniacRA]

Is it a good time to drop some money into bear stearns? A bunch of news came out after the bell and the stock is up 2% in after hours trading.

i'm thinking of dropping some money on this too

[wouwou]

why the hell does the market keep rallying into bad economical data??!?! this is bs..

good market news = fxp / skf getting crushed.. bad market news = fxp / skf still getting crushed.. this market is rigged!

it's rallying because the news are expected.

Even though Bern just mentioned the R word 2 days ago, I am pretty sure 90% of the people in North America already knows that the States is in recession back in December.

The market is beaten as bad as it can be, the only way is up

[Cloudy_Hair]

so this is going to be the first bull market ever in a recession?

[McDick]

don't expect a bull run until 2nd half of this year.

I am surprised that there are not so much news on other debts, like credit card debts, car loan debts ... etc.. We all know sub-prime problems, but what about other debts? I think those much be coming into play in the next few months.

According to previous years, stock market doesn't perform well in Spring and Summer.

Gold is slowly creeping up after 15% correction from it highs. Keep an eye on it.
Financial seems to be more stable than before, but still risky. I don't recommend people to get into Bear Sterns as the whole JP Morgan / Fed mess is not even clear.

[Feint*]

WaMu`s down huge today, 11.49%, great chance to get in a reasonably priced FI IMO. Last time I missed out when it was low 10`s and it went up to 13+ (20%) on Fed announcements.

http://finance.yahoo.com/q/hp?s=WM

Do your own DD of course.

[willcls]

jesus nothing is stopping commodities from going up
all up in asian trading, i guess we put in a fake top in commodities.

[Feint*]

WaMu`s down huge today, 11.49%, great chance to get in a reasonably priced FI IMO. Last time I missed out when it was low 10`s and it went up to 13+ (20%) on Fed announcements.

http://finance.yahoo.com/q/hp?s=WM

Do your own DD of course.

WaMu announces $5 Billion infusion possibility

Last Price 11.55
Tick
Change 1.38
Up 13.5% from Friday. Hope some ppl made a quick buck here and there : )

http://biz.yahoo.com/rb/080407/markets_stocks.html?.v=5

EDIT:

Last Trade: 13.17
Trade Time: 3:56PM ET
Change: Up 29.5%

[Mananetwork]

^ WOW!!

I was going to jump on Citigroup, but didn't want to hold over the weekend. They're up 5% today

[wouwou]

^ WOW!!

I was going to jump on Citigroup, but didn't want to hold over the weekend. They're up 5% today

I did, last week:D

I also got 1 put against it to offset the risk though, so right now the stock is looking good, but the option is taking the beating of its life.

and good call on WaMu Feint. I had to admit that stock was not even on my radar

[Mananetwork]

and good call on WaMu Feint. I had to admit that stock was not even on my radar

I like how he called it the day before too. I looked into it, read up on them, but didn't want to hold anything over the weekend.

Does citigroup still have potential?

[Synarchist]

man i got in on eeso.pk at 0.005 last week and its just been going nuts 100%+ every day and still running!
my target is at 0.06
just a tip but please do your own research first

[Mananetwork]

man i got in on eeso.pk at 0.005 last week and its just been going nuts 100%+ every day and still running!
my target is at 0.06
just a tip but please do your own research first

What made you get into it last week?

[Synarchist]

just from reading various articles and eeso.pk came up on a few so i did some research
it looked good and seemed a like a decent company with good potential

[Feint*]

I did, last week:D

I also got 1 put against it to offset the risk though, so right now the stock is looking good, but the option is taking the beating of its life.

and good call on WaMu Feint. I had to admit that stock was not even on my radar

No worries guys, its all about sharing the tips right? It's not like some bull board/ type deals on RS... most ppl here are local buddies.

IIRC I've even met Mana in person before : )

I'd be keeping my eyes out for Energy / Gold again, they'll likely be dropping before further neg news are out...and rising again soon.

[wouwou]

Does citigroup still have potential?

Honestly I don't know, that's actually why I used a stock+option portfolio on it to offset the uncertainty.

C was good at $21, but at $24.5 I won't touch it under current econ conditions.

I just hope no more bad debts surface

[Cloudy_Hair]

i am offically convinced that this market is warped...

AA missed hard after analyist already lowered earnings estimates 4 days ago..BUT it's green after-hours... hurrayyy rally into lower earnings!

[iEatClams]

now that questrade has their 9.95 pricing, i can now dip into penny stocks. any juniors on the horizon?

[iEatClams]

anyone check out CC - circuit city? they have earnings on wednesday. stock took a huge beating. down from almost $20 a year ago and now trading at 4.75? i think they are harsh undervalued

[bones]

now that questrade has their 9.95 pricing, i can now dip into penny stocks. any juniors on the horizon?

If you want to check out penny stocks here's a couple to look into.. PEZ, HAT, and SVL. As always, do your DD.

[Mananetwork]

markets down, visa's up 4% :lol

[wouwou]

markets down, visa's up 4% :lol

It's VISA, the one thing the Americans love to use:D

On the other hand, I won't touch CC, unless it can some how do MUCH BETTER than Best Buy in the 4th quarter, and even BB had a slowed down quarter.

[bones]

What do you guys think is a good entry point for Visa? Looking into buying some shares soon.

[Mananetwork]

What do you guys think is a good entry point for Visa? Looking into buying some shares soon.

I thought 66.5 was overvaluing it, but at 68.3 and still climbing.. I have no idea anymore. I'd like to get in with more shares, so i'm hoping it will re adjust itself tomorrow. Just remember that earnings come out on April 28th

[Narayan]

Hard to say about Visa... depending on how bad you want it.

I got in at 58 and im quite happy... especially since it closed at 68.09 today

[Gt-R R34]

visa's probably one of the safer stocks this Recession.

[Feint*]

Friend got in WM put and made a quick 40% the other way... I closed the position yesterday and was happy with my gains. Reminds me to look at options direction... but keep in mind its taxed as interest income.

Energy is the next thing in this bear market... various ENER SPWR ESLR were up today around 3-5%, decent gain for 1 day.

AMD's in trouble (with it ATI chips) there goes a major competitor in the vidcard industry. Going with that logic I picked up some Nvidia as I think gaming industry is only growing. Might not be a daytrade deal like WaMu though :p DD!

[iEatClams]

i got in visa at 60 ish. sold today at 66.32

im loving my Teck cominco buy. got in at $45, now almost $54.
bought YRI (yamana) on margin the other day. im down a bit from that though.
Hmm, Nvidia looks good, might pick it up if it drops under 19.

[iEatClams]

Question to you guys, i've been investing for the last 7 months now. but i recently got a margin account set up with questrade. Do you guys know if interest on margin accounts are tax deductable? cause i heard like its not- as in RSP loans and stuff.

[iEatClams]

CC was up this morning. bought it yesterday at 4.40, sold this morning at 4.75. decent return for 1 day. but i agree with u guys, not something you want to get into yet until economy rebounds.

[bossxx]

ASII is a fucking joooke.. omg /rant

[wouwou]

CC was up this morning. bought it yesterday at 4.40, sold this morning at 4.75. decent return for 1 day. but i agree with u guys, not something you want to get into yet until economy rebounds.

shouldve gone the option way if you did the research:D

that wouldve translated into a 20% gain insteal of 10%

[Mananetwork]

So glad i'm not holding anything today

[Cloudy_Hair]

^so glad i was loaded up with FXP and SKF

[Mananetwork]

^so glad i was loaded up with FXP and SKF

NASDAQLY speaking of course

[McDick]

shouldve gone the option way if you did the research:D

that wouldve translated into a 20% gain insteal of 10%


On the other hand, he can lose a lot more if earning doesn't look pretty.

[wouwou]

On the other hand, he can lose a lot more if earning doesn't look pretty.

PUT

for a company that's 2nd in the running and the leading company is doing a crappy job, you always get on the reasonably priced in-the-money put:)

[Feint*]

AMD's in trouble (with it ATI chips) there goes a major competitor in the vidcard industry. Going with that logic I picked up some Nvidia as I think gaming industry is only growing. Might not be a daytrade deal like WaMu though :p DD!

NVDA went up 6% for me today, enough for me to sell for a day gain... Tech did well today Intel was up 4-5% IIRC?

Day's Range: 19.29 - 20.51 NVDA bought at 19.25

Looking at Solar Energy / alt energy... didn't get in TIM.TO when someone from Exxon mentioned it... was only $20 then.

With that said STP looks interesting, 6% drop today. STP has business in China so DD please and remember that Chinese companies have tendency to "revise" numbers... : )

[Cloudy_Hair]

anyone shorting the US market? it'll be ugly for the US next week with all the reports and earnings coming out

[vapour_lock]

im a total stock newb, and i peek into this thread from time to time. you guys often talk about dd/research.. where/how exactly do you go about researching a company?

[wouwou]

finance.yahoo.com
globe and mail investor section

and books

[iEatClams]

It's VISA, the one thing the Americans love to use:D

On the other hand, I won't touch CC, unless it can some how do MUCH BETTER than Best Buy in the 4th quarter, and even BB had a slowed down quarter.

damn, i shoulda held onto my CC shares.
lol

[iEatClams]

cc up 33% now. damn.

[wouwou]

cc up 33% now. damn.

It's like saying

"Damn I shouldnt hit another card" on BlackJack when you are on 20.

CC was not looking good, and the reaason why it is up is because it is doing so bad that BlockBuster is trying buy it:D.

It's like BSC going up 500% from $2

[Gt-R R34]

Anyone hit home runs in the low-lands Quebec play area? lot of big hits there last week and a half.

jnx.v pcq.v ati.v , picked up some change on those but drop to a even tie with my other gamble on fo.v with it's exxon mobile contract. (yes folks, you do lose money on the market :P)

[Feint*]

Things are up again! Reminds me of this video...
http://www.youtube.com/watch?v=SJ_qK4g6ntM

BUY BUY BUY!

[wouwou]

Citi is reporting on Friday, and it is possible that it will report worse than expected earnings.

C, please hit 24+ so that I can unload some of them.

[Feint*]

With that said STP looks interesting, 6% drop today. STP has business in China so DD please and remember that Chinese companies have tendency to "revise" numbers... : )

Solar energy / alt energy is a great sector now w/ crude so high

STP is up 6-7% today... 10% from when I got it = )

CSCO is a great longterm hold... if you think internet has potential to grow some more IMO. It's down 2% from when I got it so far, but looks good longterm. DD

[Mananetwork]

Do you know what I hate, the fact I didn't buy enough Visa shares this morning. I should of just loaded up even on margin. I was scared the market was going to crap out again.. sigh

[Scoobysnax]

wow what a day for the options market. POT Call options went through the roof :o

http://finance.yahoo.com/q?s=PYPDX.X

[wouwou]

and the put ones fell through the core of the Earth, to Hell

[Feint*]

Solar energy / alt energy is a great sector now w/ crude so high

STP is up 6-7% today... 10% from when I got it = )

Sold too early, another 3% today. Next time I'll listen to my CFA friend :/

[wouwou]

Lost 5 Billion? Stock goes up 6%

I am not sure if I should take CFA anymore lol

[Mananetwork]

Woop woop! On a day like this, I wish I had more money to invest :D

[Feint*]

NVDA went up 6% for me today, enough for me to sell for a day gain... Tech did well today Intel was up 4-5% IIRC?

Day's Range: 19.29 - 20.51 NVDA bought at 19.25

Looking at Solar Energy / alt energy... didn't get in TIM.TO when someone from Exxon mentioned it... was only $20 then.

With that said STP looks interesting, 6% drop today. STP has business in China so DD please and remember that Chinese companies have tendency to "revise" numbers... : )

TIM.TO went down 12% today, great op for good growth gold comp
KGC is great, so is Yamana Gold.

Those who listened yesterday and got STP and SPWR would've had about 9-10% gain =) Thanks Google! And wouwou no amount of TA could explain Citi and UBS rising on huge losses. WTF!?

[wouwou]

TIM.TO went down 12% today, great op for good growth gold comp
KGC is great, so is Yamana Gold.

Those who listened yesterday and got STP and SPWR would've had about 9-10% gain =) Thanks Google! And wouwou no amount of TA could explain Citi and UBS rising on huge losses. WTF!?

This morning I was like WTF??!! when I checked the stocks on Itouch

I thought it was malfunctioning lol

I guess cutting 9k jobs and reporting 5 Billions of loss puts Citi back to "healthy" status.

I am still feeling upset as to the stock price raising :confused:

I have been feeling down despite I know I did the right thing by existing @ 24.1 yesterday. It's my greed getting to me

[Scoobysnax]

TIM.TO went down 12% today, great op for good growth gold comp
KGC is great, so is Yamana Gold.

Those who listened yesterday and got STP and SPWR would've had about 9-10% gain =) Thanks Google! And wouwou no amount of TA could explain Citi and UBS rising on huge losses. WTF!?
TIM.TO is a great daytrader stock. Not for the weak.. There's a rumor a report is coming out that will bring the stock lower though. Honestly I think VNP.TO has more upside due to it being a supplier to FSLR and they can charge whatever price they want on the materials since it is in short supply.

As for the US solars, I like SOL more than STP or SPWR. Although I think the solars will probably retract next week.. Great week overall for all stocks though :)

[Mananetwork]

This morning I was like WTF??!! when I checked the stocks on Itouch

I thought it was malfunctioning lol

I guess cutting 9k jobs and reporting 5 Billions of loss puts Citi back to "healthy" status.


I was expecting them to start heading downhill. It wasn't the case, weird!

[fuzzy*panda]

do any of u play futures? i play the emini S &P 500, emini russell 2000 and the mini hangseng index

[fuzzy*panda]

solars have been hot primarily due to FSLR,the energy bill and the US indexes . there seems to be no correlation with the price of crude oil.

FSLR has a huge PE of 142 but they are the most cost efficient of all the solars and have been beating wallstreet's estimates quarter after quarter.

i wished i bought GOOG on Apr 17. what a fantastic quarter...

yep i agree with you all no idea why these banks being injected by capital by diluting their shares outstanding or reporting bigger losses are increasing in stock price.

[McDick]

This morning I was like WTF??!! when I checked the stocks on Itouch

I thought it was malfunctioning lol

I guess cutting 9k jobs and reporting 5 Billions of loss puts Citi back to "healthy" status.

I am still feeling upset as to the stock price raising :confused:

I have been feeling down despite I know I did the right thing by existing @ 24.1 yesterday. It's my greed getting to me

Citi going up because analysts lowered Citi's estimate couple months ago. Their estimate was way too low. If you look at the 'big picture', the whole bank sector is really bad. Banks are scrambling to raise billions of dollars to cover their bad debts, and lots of jobs are being cut.

When the Fed announce the new data for initial jobless claims in the coming weeks. I won't be surprised that we will see a huge spike in those numbers.

US economy still bad and it's not getting any better yet. Sell into the rally and buyback when the market drops.

[wouwou]

Citi going up because analysts lowered Citi's estimate couple months ago. Their estimate was way too low. If you look at the 'big picture', the whole bank sector is really bad. Banks are scrambling to raise billions of dollars to cover their bad debts, and lots of jobs are being cut.

.

the irony is, Citi posted worse than expected.

I am fully aware of the losses they are going to face, that's why I have a protective put in place to limit my loss.

[604_Snooze]

do you guys think ETFC and AMD is a good buy for long term right now?
any other stocks you guys have in mind?

[KaOsTiK]

etfc is very volatile.

i am playing the runs and profit taking

[Narayan]

So Visa released its Financial on the 28th... What direction do you think the stock will go?

[McDick]

So Visa released its Financial on the 28th... What direction do you think the stock will go?

I think it will go flat or even on the downside due to one-time charge on IPO.
Pay attention to American Express earning Thursday.

[Narayan]

I think it will go flat or even on the downside due to one-time charge on IPO.
Pay attention to American Express earning Thursday.

hmmmm.... anyone else?

[wouwou]

AAPL just reported its earning today

the after hour trading is one of the most volatile one I have seen in some time

+10 -> 5 ->0 ->-7 ->0.5 -> -0.88 right now.

I have always hated AAPL's conservative outlooks.

[Narayan]

Well i sold my visa stock today... 71.27... bought in at 58.

All my $$$ was in there so i was pretty exposed... even though i think the stock will continue to rise.

[wouwou]

Well i sold my visa stock today... 71.27... bought in at 58.

All my $$$ was in there so i was pretty exposed... even though i think the stock will continue to rise.

You got roughly 22% return, that's actually quite good

Now spend them all and be cool:D

[Mananetwork]

AAPL just reported its earning today

the after hour trading is one of the most volatile one I have seen in some time

+10 -> 5 ->0 ->-7 ->0.5 -> -0.88 right now.

I have always hated AAPL's conservative outlooks.

It was down to 155 at one point.. crazy.. back up to where it closed now

[Mananetwork]

Well i sold my visa stock today... 71.27... bought in at 58.

All my $$$ was in there so i was pretty exposed... even though i think the stock will continue to rise.

I still got money with them. Holding for a year, taking some out and leaving a bunch more long term. I hope the earnings are good *crosses fingers*

[wouwou]

I still got money with them. Holding for a year, taking some out and leaving a bunch more long term. I hope the earnings are good *crosses fingers*

V should have a pretty good quarter, but take into account that IPO costs money;)

and as always, know when to pull out

[Mananetwork]

and as always, know when to pull out

I pulled out at 68 a while ago, and got back in at 64.. I'm expecting good earnings, then pulling out. Wait for an adjustment and get back in

[wouwou]

I pulled out at 68 a while ago, and got back in at 64.. I'm expecting good earnings, then pulling out. Wait for an adjustment and get back in

Did the same thing with Citi

Now I am worring about the Capital gains:D

[McDick]

I still got money with them. Holding for a year, taking some out and leaving a bunch more long term. I hope the earnings are good *crosses fingers*

Visa is a good play for long term investment. But I like MasterCard (MA) better. MasterCard is more exposed to international countries. But Visa is more ifocus to US than international.

[wouwou]

Visa is a good play for long term investment. But I like MasterCard (MA) better. MasterCard is more exposed to international countries. But Visa is more ifocus to US than international.

V has like, 60%+ of the most important credit market.

[Mananetwork]

Visa and Ma did so well today, can't believe V broke 80 after being down 71 in aftermarket trading. I should of bought margin the whole way up

[AAnthony]

Im taking a look at 2 stocks right now, somebody give me an opinion or 2.

One is Blue Note Mining, its at .29 a share right now, and their hiring and looking for workers, meaning they wil be mining soon. So it looks ok.

The second is GIL, it basically took a shit, up until last week it was at 38.00, now its at 25.00, its 52 week low was 30.00, and about 9 million shares were sold in the past day.

http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Market=T&ref=quickquote&Language=en&QuoteSymbol_1=gil

http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Market=T&ref=quickquote&Language=en&QuoteSymbol_1=bn

[Feint*]

Thoughts on rate cut today? Less than 2 hours to go : )

Last 3 cut's = boost in most sectors... even BSC and major banks

[wouwou]

Thoughts on rate cut today? Less than 2 hours to go : )

Last 3 cut's = boost in most sectors... even BSC and major banks

I hope they cut deeper today, since most people are now saying the recession is in full swing and it will be bad

I just setup positions with gold mining companies yesterday. Gold has been dropping for sometime and most of the major players took quite a beating. I believe it is a good time to establish a positioni:D

[Feint*]

wouwou:

I agree, gold in the high 800's doesn't make sense w/ inflation and the devaluation of the dollar. KGC and GG are down almost 15% from earlier this month... despite record revenue? Funny.

Since you're into CFA this pretty young guy does alot of analysis on gold prices / us.
http://www.kitco.com/ind/Lee/dec202007.html

http://www.cambridgehouse.ca/ch_jlee.html - he's already a CFA charterholder and works dt...friend knows him I believe. Take any research w/ a grain of salt too of course.

[wouwou]

wouwou:

I agree, gold in the high 800's doesn't make sense w/ inflation and the devaluation of the dollar. KGC and GG are down almost 15% from earlier this month... despite record revenue? Funny.

Since you're into CFA this pretty young guy does alot of analysis on gold prices / us.
http://www.kitco.com/ind/Lee/dec202007.html

http://www.cambridgehouse.ca/ch_jlee.html - he's already a CFA charterholder and works dt...friend knows him I believe. Take any research w/ a grain of salt too of course.
Thanks man!

You can't see it, but I am rubbing your back as a gesture of thanks:D

[wouwou]

quarter point cut, what most poeple expected.

Nothing fancy though

[vl_86]

any recommendatoins on POT (Potash Corp)?

currently at 186 took a tumble in the last couple of days even though they beat earnings report

intrested in it because of the rising food prices

[Feint*]

quarter point cut, what most poeple expected.
Nothing fancy though
I prefer backrubs from hot chicks, but appreciate the gesture : )

The significance of the rate cut is the uncertainty of further cuts IMO. Gold jumped at the cut / inflation #'s. KGC / GG up 5-6% as expected.

Gotta love this market tho...$3.25B loss (GM)... and goes up 12% pre rate cut? LOL

[wouwou]

I prefer backrubs from hot chicks, but appreciate the gesture : )

The significance of the rate cut is the uncertainty of further cuts IMO. Gold jumped at the cut / inflation #'s. KGC / GG up 5-6% as expected.

Gotta love this market tho...$3.25B loss (GM)... and goes up 12% pre rate cut? LOL

I know! I am gonna start looking for major corps that did bad last year:D

[will068]

any recommendatoins on POT (Potash Corp)?

currently at 186 took a tumble in the last couple of days even though they beat earnings report

intrested in it because of the rising food prices


All the big fund managers who have their group rotation on Potash are sticking to it. I don't see anymore fund managers moving in. Thus, it seems like there's not much big money going in. If you look at the MACD and stochastic of Potash, these values are in a downward trend. Also, the price right now is hovering around the 30 day moving average. it seems like a sideways trend for me unless more news comes in about rising food prices. It doesn't help that Goldman Sachs removed Potash from it's "Conviction Buy" list. The stock went down 5% alone after this announcement.

[Mananetwork]

Speaking of POT, IPI just came out last week as a IPO. Did well the first day, now slipping. Compared to POT's 168 dollar value, IPI is pretty cheap at 45. IPI might have a better return once food shortage comes knocking on their door.

[McDick]

V has like, 60%+ of the most important credit market.

Seriously.. in stock market.. people don't really care about percentage of the market share you are taken over, it's the GROWTH!

Visa is more focus in US (which people started to slow down their spending), while Internationally, Mastercard is much more exposed than Visa.
While other countries are spending more, Mastercard is earning more than Visa.

In conclusion, VISA and Mastercard is really good long play growth stock. We are using 'plastic' more and more than we used to. Both companies are taking pennies from every single dollar we used their 'plastic' to pay for gas, grocery...etc..

[fuzzy*panda]

I like DRYS.. rate cut boosts shipping sector for sure. P/E still average for the sector

[wouwou]

Seriously.. in stock market.. people don't really care about percentage of the market share you are taken over, it's the GROWTH!



You do when you are building a portfolio, since most of them will only have one opening for a stock in a certain industry, and that choice usually goes to the biggest player in the pond.

[Feint*]

Good market today so far for Tech and S&P. Funny that Exxon's 10.9billion is falling short of expectations :p

CSCO, DELL, NVDA, Broadcom all up 5-6%

Gold's down already on first day of May...sign of summer doldrums?

[wouwou]

Good market today so far for Tech and S&P. Funny that Exxon's 10.9billion is falling short of expectations :p

CSCO, DELL, NVDA, Broadcom all up 5-6%

Gold's down already on first day of May...sign of summer doldrums?

I believe so, I am expecting Gold futures to hit high 700 to low 800s before more crappy news hit and inflation begins to catch up from the past few rate cuts.

+1 for diversified portfolio and protective put:). JPM and AAPL has been doing quite good the past month

[Mananetwork]

May 1, 2008 10:15 AM EDT

This morning, UBS raised their price target on Mastercard (NYSE: MA) from $275 to $350, maintaining a Buy rating, and raised their price target on rival Visa (NYSE: V) from $88 to $100, also maintaining a Buy.

Earlier in the week, both credit card payment processors reported better-than-expected first quarter results due to strong transaction volume.

Shares of MA currently trade at $282.50 and V trades at $84.50.

http://www.streetinsider.com/Analyst+Comments/UBS+Lifts+Price+Targets+On+Mastercard+(MA)+and+Vis a+(V)/3596572.html

[Mananetwork]

Apple senior vice president sells 136,341 shares O_O

http://www.forbes.com/feeds/ap/2008/05/01/ap4960808.html

[wouwou]

That made him a very rich man and a welcomed Tax payer :D:D.

Seriously though, as long as the VP filed for the selling, it's not too much of a negative news

[Feint*]

I'm looking at Sun (JAVA). Dropped 20%+ this week on missed earnings... longterm play here. Think mobile Gmail, majority of corporate softwares delivered via net (salesforce.com), medical billing systems like Wolf ... many of which runs on Java backing. DD of course.

[wouwou]

I'm looking at Sun (JAVA). Dropped 20%+ this week on missed earnings... longterm play here. Think mobile Gmail, majority of corporate softwares delivered via net (salesforce.com), medical billing systems like Wolf ... many of which runs on Java backing. DD of course.

I am looking at this one too.

I believe part of the sharp drop is due to missing "conservative" earnings, which is not a very good sign.

on the other hand, go go gold:)

[fuzzy*panda]

fuzzy*panda I like DRYS.. rate cut boosts shipping sector for sure. P/E still average for the sector


cha-ching!!! pretty damn obvious..

[Feint*]

I'm looking at Sun (JAVA). Dropped 20%+ this week on missed earnings... longterm play here. Think mobile Gmail, majority of corporate softwares delivered via net (salesforce.com), medical billing systems like Wolf ... many of which runs on Java backing. DD of course.

Those of you who bought JAVA few days ago at its 52week low would've made a quick 8% so far.

Wash Mutual is down to its low again, could be a good time to get in a solid retail sector bank

On the venture side I like Energold Drilling (EGD.v) and TNR (TNR.v). EGD is a profitable drilling company - with commodity price way it is, simple answer. It's a bit high though, but plenty of cash in reserve and expansion of their driling fleet. Did expand to Africa tho... could be a concern w/ moratorium in drilling / safety in the region... no pain no gain though.

TNR has Merrill Lynch buying 200k+ shares recently. Als noted spiked volume in trading / Russian investor coming in at 20% ownership piques my interest. Last Nov it peaked at 0.72 on super high volume due to commencement of a project... with more 2 more projects starting in June/Jul could be a good time to pick up some cheap shares.

[wouwou]

I have everything on Golds and pulled out of Financial stocks 2 weeks ago.

God I love GG :D

[7seven]

Loaded up some BBD.B early this week at $6.40 & 6.49 for a long term play. IMO looking for a $9 target.

One of our CPC deals is going thru the QT phase now, keep an eye on ACR.P

CNK.P and RAN.P are two other CPCs we working on too.

[Feint*]

TIM.TO went down 12% today, great op for good growth gold comp

TIM.To is back up at $26 today... 15% gain from when I last mentioned it. Sad I sold early yesterday afternoon. Ugh.

7Seven are you a director at any of the CPC's? Are the founder shares at 0.05 per most cap pools? TIA

[Mananetwork]

Been watching MCEL for the past 3 months now. SUPER RISKY, but whoever got in a .015 is one lucky because it's at .08 now


Hydrogen fuel cell developer Millennium Cell has released a statement to its shareholders detailing its current financial situation.

In a statement yesterday the company announced that it had been unable to secure enough funding to continue its business operations - and as a result "furloughed" all employees until further notice.

Millennium Cell's board of directors and senior managers are said to be in talks with third parties, which have "expressed interest in entering into a potential transaction with the company" and could provide short-term liquidity.

"The company cannot provide any assurances that it will be able to complete any of these potential transactions or, if such a transaction were not completed on reasonable terms, avoid a bankruptcy proceeding," Millennium Cell stated.

[7seven]

7Seven are you a director at any of the CPC's? Are the founder shares at 0.05 per most cap pools? TIA

Not a director. Yes most founding/restricted shares are at .05 or .10

[604_Snooze]

BBD.B is still going up....good one...7seven

[7seven]

BBD.B is still going up....good one...7seven

Yea, kept adding to my existing positions today. IMO should be a nice upward trend until the 1st quarter results meeting June 4th, everyone speculating great results, if that holds true, should be due for a nice pop after. Either way I see this as a great long term play.

[Feint*]

Bombardier and Airbus are always two good solid buys, altho I usually don't like buying on a high pending a NR / positive news. Call me a pessimist.

Speaking of airlines (and non-pennies) I'm looking at DAL and NWA. Proposed merger will be the real news mover... and I like the potential growth both has since being beaten down by the consumer confidence, both down 5-6%.

[chun]

wouwou:

I agree, gold in the high 800's doesn't make sense w/ inflation and the devaluation of the dollar. KGC and GG are down almost 15% from earlier this month... despite record revenue? Funny.

Since you're into CFA this pretty young guy does alot of analysis on gold prices / us.
http://www.kitco.com/ind/Lee/dec202007.html

http://www.cambridgehouse.ca/ch_jlee.html - he's already a CFA charterholder and works dt...friend knows him I believe. Take any research w/ a grain of salt too of course.

He runs this web-portal:
http://www.goldmau.com/

[hal0g0dv2]

what do u guys think about uranium one, im thinking about putting in some coin

[cressydrift]

Isnt the price of uranium droping?

[McDick]

Anyone notice that Dow is getting close to 13,000 again (last time when Dow is 13,000, it is around Jan. 3, 2008)?

Even though US is in a recession, it looks like the stock market doesn't even have an effect from it. It's just not right here.
If anyone read the news or even travel to US, US is still in a deep hole. Foreclosure and unemployment rates are still going up. People are scrambling for cash to pay their bills. If you add the high energy/fuel cost to the equation, US economy should be getting worst. US housing crises is far from over, it will takes at least 12-18 months to recover. Government's stimulus checks won't help much. It might show some signs of recovering, but it's only short-term gains.

My prediction is that US market will test new lows (around 11740 to 12250) before showing sign of recovery in the last quarter of 2008. Also, I think Gold will re-test their new high at $1,030 and oil will be up to $138 in couple months. Oil is due for correction (anywhere from 8-12%), but it will pop back up as people see that as an opportunity to buy oil.

One word to keep in mind - "INFLATION"! ... US has to deal with it sooner or later!

Feel free to leave any comments. Since that's what I am thinking over the past few weeks. I might be wrong, but I got into Gold middle of last week. Still waiting for a good entry point for oil.
Apple (AAPL) is due for a correction. Just wait until Apple releases the new iPhone in early June, the stock will come down to approx $165-170.

[Feint*]

Oil/Gas at new highs of 135+ should wake people up... summer's not even in full swing yet!

I have to agree with McDick here... the essentials : transportation (airline/gas), food, fertilizer are at an all time high. (POT is at $200/share from 60!) Longterm wise, monetary system can't keep up with all this rising commodity. Printing money won't help with the growing deficit... M3 figures aren't even being released anymore. (http://www.federalreserve.gov/releases/h6/discm3.htm)

Keep in mind the gov can print money like paper. Its a frightening thought!

Golds at 135, those who listened to McDick last week wouldve had a nice gain yesterday!

[wouwou]

I got into Gold roughly 2 weeks ago and took profit yesterday and today

Nice quick 15%, I am gonna wait till Gold to correct itself to high 800s a little bit before going in again. Also if anyone is going for gold stocks, make sure whatever you pick did not play the hedge card.

As for Oil, I am too busy right now to see which oil company hedged.

[wouwou]

Oh I have been meaning to post this:

Get some health care stock if you have some cash lying around. WB has quite a position in 2 of them, and he just backed Obama on Monday despite of that.

And most of them have taken quite a beating, mostly down 40%+ since last year, good time to get some.

dd of course. I got in UNH and right now is sitting on 5%+

[McDick]

Oil/Gas at new highs of 135+ should wake people up... summer's not even in full swing yet!

I have to agree with McDick here... the essentials : transportation (airline/gas), food, fertilizer are at an all time high. (POT is at $200/share from 60!) Longterm wise, monetary system can't keep up with all this rising commodity. Printing money won't help with the growing deficit... M3 figures aren't even being released anymore. (http://www.federalreserve.gov/releases/h6/discm3.htm)

Keep in mind the gov can print money like paper. Its a frightening thought!

Golds at 135, those who listened to McDick last week wouldve had a nice gain yesterday!

Yes, government can print as much money as they want (which is very scary). From my point of view, stimulus package is pretty much useless! I think it actually do more harms than goods! People will use that money to pay off their mortgage and bills instead of spending it to save the economy! But that will push inflation even higher causing the oil and gold rising big time!
If you travel to the states, most homeowners are suffering! Couple thousands will help them to get by their mortgage payment for a month or so. People have to go out there and see what is really happening down at the states. Don't just watch CNBC and buy stocks based on their comments. Listen to what most analysis said, and think about it on your own.
Gold is a good play for 2008, especially when nobody talks about it right now. It's a good time to buy gold! One more thing, don't think oil as a bubble about to burst, most investors used oil to hedge the weak US dollars.

Apple is looking good, but wait for a pullback after the iphone launch. Keep in mind, Apple sold out of iphone for a month by the time new iphone releases. It will hurt their revenue for this quarter earning.
Mastercard (MA) and Visa (V) is very good long term investment! Buy and Hold! I got Mastercard at $100 in January 2007 and hold on to it since. Remember, we used credit card much more than we used to. They are earning pennies on every dollar we used and they have zero risk! Banks are the one who responsible for late credit card payments! Also, they are 'International', when US is in a slump, they are growing in some other countries like China, India, Europe, South America.

I have said enough.. I hope my comments help. Remember.. "INFLATION", "INFLATION", "INFLATION" = Oil UP, Gold UP!
US is really in a deep shit this time.

[Jacka]

When you say buy gold, are you referring to gold stock, or ........... I ask the bank teller about gold purchase?

[7seven]

Loaded up some BBD.B early this week at $6.40 & 6.49 for a long term play. IMO looking for a $9 target.


Close at $8.90 today, announced strong 1st quarter results & dividends again. Heavy instituitional buying in the last week and revised targets to $13. I'm hearing orders of more aircraft from China.

Anyone see PON today, crazy.

[7seven]

PON just keeps on going, closed at $2.55. Potash and coal are the flavors right now, taking a flyer on GM on the venture, got in at .21 a couple days ago, closed at .24, waiting on coal permit approval, when that comes back should see a decent pop.

[Mananetwork]

Sad sad day for the market!!

[wouwou]

I am just happy I was too busy to do any research the past 2 weeks and got out.

[will068]

Close at $8.90 today, announced strong 1st quarter results & dividends again. Heavy instituitional buying in the last week and revised targets to $13. I'm hearing orders of more aircraft from China.

Anyone see PON today, crazy.

BBD is under the Aerospace & Defense Industry. The stochastics and macd's look good for Bombardier since mid May. Big money (fund managers) got out of Aerospace & Defense Industry by 20% in the last week. So its kinda weird that BBD went up this high. Keep in mind that BBD is heavily subsidized by government $$. It's the only reason why their fundamentals look ok.

[McDick]

Sad sad day for the market!!

I love the market.....
my stocks are moving up big time....
I got MDR (hit another 52-wk high) and some other Gold stocks like GG & ABX
Those are big-cap stocks too... not risky pennies stocks..
If you think our gas-price is being too high, use some of your money to hedge the oil by buying oil service stocks... you get nice returns if the oil price still up there. You can then use the profit at the pump... very simple.

The market moves up and down that there are easy money to make...
I did short AAPL during Friday at $189.07... and MA at $301.61.... I expect AAPL will drop another 2-3% on Monday after the iPhone releases.

Oil fights back as expected.... any dips in oil price will be a buying opportunity.... oil and inflation aren't coming down... US economy is still shitty... don't let CNBC washes your brain...

[7seven]

PON just keeps on going, closed at $2.55. Potash and coal are the flavors right now, taking a flyer on GM on the venture, got in at .21 a couple days ago, closed at .24, waiting on coal permit approval, when that comes back should see a decent pop.


Took some profits on GM at .29 this morning. Bought back at .26

[onani]

damn IPI missed that shit last week

[Mananetwork]

damn IPI missed that shit last week

It was funny to see IPI fly all over the board in their first IPO showing. Now their flying when the earnings came out.

[vapour_lock]

The market moves up and down that there are easy money to make...
I did short AAPL during Friday at $189.07... and MA at $301.61.... I expect AAPL will drop another 2-3% on Monday after the iPhone releases.

appl did drop today after iphone announcement. care to share how you predicted the future? your reasoning? thanks. i woulda thought appl goes up. this is probably why i dont have stocks:confused:

amazing..

[fuzzy*panda]

appl did drop today after iphone announcement. care to share how you predicted the future? your reasoning? thanks. i woulda thought appl goes up. this is probably why i dont have stocks:confused:

amazing..

buy on the rumour.. sell on the news

new apple iphone 3g wasn't better than expected. same 2mp camera, just added 3g+gps. disappointment.

Also was a down day for tech stocks on the nasdaq.

[McDick]

appl did drop today after iphone announcement. care to share how you predicted the future? your reasoning? thanks. i woulda thought appl goes up. this is probably why i dont have stocks:confused:

amazing..

Not just typical "buy on the rumour.. sell on the news".... even if the new iphone "WOW" the market, it will sell off no matter what!!! If you look at Apple run up from $120 to nearly $190 in 3 months without any BIG news (only those signing new phone carriers around the world, which is EXPECTED)... that's really a HYPE from the new iphone product.
IThis happened on every single conference they are having over the past few years...
The "iphone" run up happened weeks before... from $160 to high $180... that's the run up. NEVER NEVER bet on Apple on the earning calls and new product introduction. You never know what will happen, especially when stock markets are controlled by "big guys with billions of dollars"...
** One thing to really consider about Apple's earning for this quarter... they didn't not sell any iphone over the past 2 months.... That's will hurt their earning number for this quarter badly!! I am taking a WILD GUESS that Apple might hit $160 (or even try $150ish) before September.. if it really did happened... buy all you can.. cause the new iphone will be selling like hot cakes around the world!!

I covered my APPLE shorts at $177.68 this morning. $12/shares profit over the past couple days is pretty good for me. I have no idea which way Apple shares are heading to in coming weeks, since the new phone won't come out until July 11. So, it will be another month for Apple to have ZERO income from iphone sales! hmmmmmmm... Interesting!

Also, I covered MA (Mastercard) this morning at $279.21 and bought the shares back $279.88. Mastercard had their correction from $320 to $276.41 (today), that's almost 15% correction. To me, it's a good entry point to buy. I am looking for a quick run-up to over $310 over this week or so.. if not, I'll just add more shares to my MasterCard retirement funding.

If you need my help on any big-cap NYSE or Nasdaq stocks... give me a shout! I'll give you my view at the stock... BUT don't ask me financial or airlines stocks... I never pay any attention to them at all in my life. They belong to "High Risks with Very Little Return" stocks...

MDR is still pretty good to me.. up 5 days in the row, even the day when NYSE drops over 300 points.. and hitting new highs everyday with strong volume..
Also, you might want to look into FWLT & FLR... all of them are very safe bet as the oil price remains high...
I am trading gold stocks as well "GG" and "ABX"... I am predicting gold will hit $1000 again this year (hopefully before September)... IF it doesn't, sell Gold in September as US will hike interest rate to fight inflation! Rates go up, Gold will come down.

[Supa.Azn]

Took some profits on GM at .29 this morning. Bought back at .26

Got in a few thousand shares at .22, great buy imo. Thanks for the tips
7seven. Keep em coming =)

Wish i got into PON its flying high. hasnt stopped since the NR of their second permit.

[wouwou]

Not just typical "buy on the rumour.. sell on the news".... even if the new iphone "WOW" the market, it will sell off no matter what!!! If you look at Apple run up from $120 to nearly $190 in 3 months without any BIG news (only those signing new phone carriers around the world, which is EXPECTED)... that's really a HYPE from the new iphone product.
IThis happened on every single conference they are having over the past few years...
The "iphone" run up happened weeks before... from $160 to high $180... that's the run up. NEVER NEVER bet on Apple on the earning calls and new product introduction. You never know what will happen, especially when stock markets are controlled by "big guys with billions of dollars"...
** One thing to really consider about Apple's earning for this quarter... they didn't not sell any iphone over the past 2 months.... That's will hurt their earning number for this quarter badly!! I am taking a WILD GUESS that Apple might hit $160 (or even try $150ish) before September.. if it really did happened... buy all you can.. cause the new iphone will be selling like hot cakes around the world!!

I covered my APPLE shorts at $177.68 this morning. $12/shares profit over the past couple days is pretty good for me. I have no idea which way Apple shares are heading to in coming weeks, since the new phone won't come out until July 11. So, it will be another month for Apple to have ZERO income from iphone sales! hmmmmmmm... Interesting!

Also, I covered MA (Mastercard) this morning at $279.21 and bought the shares back $279.88. Mastercard had their correction from $320 to $276.41 (today), that's almost 15% correction. To me, it's a good entry point to buy. I am looking for a quick run-up to over $310 over this week or so.. if not, I'll just add more shares to my MasterCard retirement funding.

If you need my help on any big-cap NYSE or Nasdaq stocks... give me a shout! I'll give you my view at the stock... BUT don't ask me financial or airlines stocks... I never pay any attention to them at all in my life. They belong to "High Risks with Very Little Return" stocks...

MDR is still pretty good to me.. up 5 days in the row, even the day when NYSE drops over 300 points.. and hitting new highs everyday with strong volume..
Also, you might want to look into FWLT & FLR... all of them are very safe bet as the oil price remains high...
I am trading gold stocks as well "GG" and "ABX"... I am predicting gold will hit $1000 again this year (hopefully before September)... IF it doesn't, sell Gold in September as US will hike interest rate to fight inflation! Rates go up, Gold will come down.
Keep in mind that Iphone was not the driving factor that AAPL beat expectation last quarter, but Mac.

The lack of Iphone supply will hit the bottom line for sure, but it's not going to be a major issue imo.

On the other hand, $199 is cut throat price even with contract. I can see serious price competition from Nokia, SE and most importantly, RIMM.

It really depends on whether the corprate side bites the Iphone idea or not. If they do, bye bye RIMM.

[wouwou]

BTW, that's your take on GG?

I bought at 35, sold at 43. I am tempted to get in again after the adjustment these 2 weeks. Dividends and no hedge = win.

IMO last week's one day $10 dolalr surge on oil future was a market player's reaction from the drop, with the news today(Increased daily production, lower demand forecase), I expect (and hope) the oil future retreat back to $115 level before going up again.

Future has become a speculative tool instead of a hedge tool, which made it very difficult to do trend analyze, sadly.

[fuzzy*panda]

Consumer price index friday 5:30 am PST... black friday's the shorter's dream day

[wouwou]

Consumer price index friday 5:30 am PST... black friday's the shorter's dream day

That's why I am looking at gold too:D

[7seven]

PON at $4.15, hit $4.49 earlier. I thought I was late getting in at $1.38, had second thoughts. Up over $87k in a week just on PON, time to cash out? mmmmm

[popnGEAR]

^^

Where do you guys do your research on what and when to buy/sell? All these companies I've never even heard about :(

[7seven]

GM halted this morning. Should be pending news release about the coal permits :)

[7seven]

Good thing I took my profits on PON yesterday :)

[TurtMcDirt]

wow i'm glad i got into GM. nice tips 7seven. thanks ;)

[chun]

More about PON:
http://canadianfinancing.com/mining/display/index.php?pid=25320

[Supa.Azn]

GM halted this morning. Should be pending news release about the coal permits :)

whats your short term price on GM? or a good sell point.

[7seven]

whats your short term price on GM? or a good sell point.

Word around is that GM is getting into the potash game too. I'll wait to see what happens when trading resumes. NR should be out after market close today.

[Supa.Azn]

Word around is that GM is getting into the potash game too. I'll wait to see what happens when trading resumes. NR should be out after market close today.

"Alix Resources Corp. and Geo Minerals Ltd. Acquire Potash Rights Including Land Bordering Potash North Resource Corp."

what once again your right on the money. Will be interesting to see where this S/P ends up, can it hit as high as PON? i doubt it, but this will push the S/P up...

"Also included are 640 acres in Manitoba along the border of Potash North Resource Corp. (TSX VENTURE: PON) and located approximately 20 kilometers north-east of Potash Corporation (TSX: POT) of Saskatchewan's Bredenbury potential Greenfield Potash Mine."

[Scoobysnax]

Word around is that GM is getting into the potash game too. I'll wait to see what happens when trading resumes. NR should be out after market close today.

Wow you called it perfectly! Thanks for the tip dude. Love your picks. Made some really quick cash on this trade!

[7seven]

Sold GM at .75 this morning. Profits in my pocket of over $136,000 in the last 10 days just from PON & GM, time to buy some new toys this weekend :)

[Feint*]

Wow 7seven I need to switch brokers! LOL

Since we're on juniors, potash started heating up last year with POT on the NYSE... there was only a handful. Now with the food prices any new bandwagon jumpers with a permit is getting tons of attention (and benefitting the insiders :D)

RAY.v is another recent metal to potash jumper...done quite well last ltitle while... it's doing a private placement soon... you may have to get a broker account to get some though.

SLT.v and NAG.v are both "We're-Kinda-Close-to-potash-land" deals...
Even TEL.v which was orig in uranium acquires a potash company and it jumps 100% from 0.25 or so.

When the vol fades though be ready to jump out of these momentum stocks!

[7seven]

Was looking to get back into GM but I think I'll wait till the open on Monday to see how it plays out. Either way I'm happy with how this week went.

[Supa.Azn]

Was looking to get back into GM but I think I'll wait till the open on Monday to see how it plays out. Either way I'm happy with how this week went.

at least your thinking about it... im going to keep it until i at least Quadruple bag it

[bossxx]

BMSN still rolling along :D

Got in at .55 and again at .60...

Current PPS $1.20 (broke 2 year high today and major resistance point!)

Looking for $1.51 then we go to $2.

This one is paying for Cancun x 2 lol shiiiet yea

Next two weeks are going to be interesting.

[iwantaskyline]

Sold GM at .75 this morning. Profits in my pocket of over $136,000 in the last 10 days just from PON & GM, time to buy some new toys this weekend :)

posts like these make me wanna use my student loan to get into stocks lol

[McDick]

posts like these make me wanna use my student loan to get into stocks lol

7seven: Just wondering how you do your tax for your stock gains? I am just curious... cause if you have profit like that... the government is going to rape you for that capital gain.

iwantaskyline: Have you ever thought about what happened when you lost all your student loan money?
But then if you are living with your "mommy and daddy"... then you'll be fine even if you lost all your student loan money.

There is "no sure win" in stock market... you should invest the money that you can lose.

[iwantaskyline]

7seven: Just wondering how you do your tax for your stock gains? I am just curious... cause if you have profit like that... the government is going to rape you for that capital gain.

iwantaskyline: Have you ever thought about what happened when you lost all your student loan money?
But then if you are living with your "mommy and daddy"... then you'll be fine even if you lost all your student loan money.

There is "no sure win" in stock market... you should invest the money that you can lose.

I work and get about a 1200 a month to, all that while going to school at sfu with the student loan i got was about 4gs. I live w/ parents currently to. I was planning on putting 1 K out for stocks only and to see how it would go. But of course before i do that im going to research heavily and read on a couple sites. Been reading fool.com lol.

[McDick]

I work and get about a 1200 a month to, all that while going to school at sfu with the student loan i got was about 4gs. I live w/ parents currently to. I was planning on putting 1 K out for stocks only and to see how it would go. But of course before i do that im going to research heavily and read on a couple sites. Been reading fool.com lol.

Well... basically... $1000 can't do much anyways.... you can only buy 5 shares of Apple... LOL...
I would recommend that you either save up more or invest in mutual funds...

[wouwou]

Well... basically... $1000 can't do much anyways.... you can only buy 5 shares of Apple... LOL...
I would recommend that you either save up more or invest in mutual funds...

Options:D

although you can easily lose them ALL

[iwantaskyline]

Well... basically... $1000 can't do much anyways.... you can only buy 5 shares of Apple... LOL...
I would recommend that you either save up more or invest in mutual funds...

Penny stocks?

[McDick]

Options:D

although you can easily lose them ALL

OR easily lose more than $1000 .....

[7seven]

7seven: Just wondering how you do your tax for your stock gains? I am just curious... cause if you have profit like that... the government is going to rape you for that capital gain.


Its all about taking a few strategic capital loses too and I also have quite a bit of writeoffs I can claim.

[Yushimi]

Penny stocks?

^^^ Penny stocks are really risky...if i remember correctly right? lolz

Stock up on cash and buy blue chips lolz

[wouwou]

OR easily lose more than $1000 .....

Oops, I forgot to mention something too.

Don't borrow to invest, that's called GAMBLE:D

[fuzzy*panda]

Oops, I forgot to mention something too.

Don't borrow to invest, that's called GAMBLE:D

I think McDick means you can lose more then you invested if ya sell calls/puts...

[willcls]

hope everyone is loaded up with gold ;)

rumor is that one of hte big 3 auto's in US is going to file for bankruptcy, this will be worse than bear sterns.

[wouwou]

hope everyone is loaded up with gold ;)

rumor is that one of hte big 3 auto's in US is going to file for bankruptcy, this will be worse than bear sterns.

Shit if that happens I am getting into bonds

big 3 going down = back to 2001

[hoking]

can anyone enlighten me on actually how to buy gold / oil etc???

[willcls]

you can buy securitized versions of gold such as etf's/trusts, buy gold mining stocks,physical gold through coins, or if you want to evade taxes buy gold jewelery from a pawn broker and sell it back to him later.

anyways in terms of trouble i guess GM ranks first then Ford, then Chrysler. It is bound to happen i guess, mortgage defaults, soon car loans will default, student loans( short sallie mae SLM) everything associated america is going in the shitter

[McDick]

I love my Gold Corp (GG)...

Yes.. I think either GM or Ford is going to file Bankruptcy real soon.
The market hitting new low and will test 11,000 real soon. I don't know what will happened if it break below 11K mark.. everything going into the shitter.

Citi Financial is next in line....

I am stlll LONG in oil and gold. Good to see US getting deeper and deeper into the shitter.

No matter cutting rate or not, i will not going to help US economy at all.
Cutting rate = housing market will worsen but help to fight inflation.
Not cutting rate = able to stabilize housing market problem, but inflation go up through the roof.

Good learning period on stock market right now..

[wouwou]

Happy to cut my loss to get out of JPM yesterday

Good company, BAD timing.

On the other hand, GG FTW. Got in 36, got out in 43, got in again in 39, see what happens tomorrow if I should bounce again and sip on some nice delicious OJ :D

[Mananetwork]

The market can suck my nuts today. If I knew what was going to happen today, I would have gotten out from everything.

Every time I see gold and oil go up, it's not long till it goes up some more.

[McDick]

Happy to cut my loss to get out of JPM yesterday

Good company, BAD timing.

On the other hand, GG FTW. Got in 36, got out in 43, got in again in 39, see what happens tomorrow if I should bounce again and sip on some nice delicious OJ :D

Yes.. good that you are willing to cut your loss. Don't let it ride and hope for a rebound in this market. "Let it ride" rule can kill you.

I sold 50% of my GG shares right before closing. I hope GG can break 52 week high soon and start to profit some real good money. I got majority of my GG shares around $37.40.
Can't complain too much about this market. Feel bad for baby boomers who owns financial and car manufacture stocks as their retirement money.

[wouwou]

Yes.. good that you are willing to cut your loss. Don't let it ride and hope for a rebound in this market. "Let it ride" rule can kill you.

I sold 50% of my GG shares right before closing. I hope GG can break 52 week high soon and start to profit some real good money. I got majority of my GG shares around $37.40.
Can't complain too much about this market. Feel bad for baby boomers who owns financial and car manufacture stocks as their retirement money.

I have a stop @ 44 in place just in case, but yeah, cutting losses and know when to pull out is the 2 most difficult things to do in terms of investing.

Forget about TA, it is the people that you need to analyze imo.

I sold off half of my holdings back in May and right now I am using roughly 40% of my portfolio. Half in GG, half in ultrashort that I just got in today.

[bossxx]

haha markets bombed today but FRGY up 16%.

I'm curious, what is everyone holding coming into tomorrows action?

[wouwou]

haha markets bombed today but FRGY up 16%.

I'm curious, what is everyone holding coming into tomorrows action?

GG and FXP

but I usually dumps FXP on a daily basis

[bossxx]

Forget about TA, it is the people that you need to analyze imo.

The chart doesn't lie.

The chart tells you everything you need to know. For example, the chart is telling what kind of people run company X. Why? It's because the 95% of longs analyze the shit out of the people who run company X so the chart reflects it. What i'm saying is, the research is already done for you like I said, it's reflected in the chart.

I don't mean to brag but I am up 152% this year so far based strictly on T/A, so don't bash it! :D

[bossxx]

GG and FXP

but I usually dumps FXP on a daily basis


Cool. I picked up FRGY a couple days ago at a penny. It is in a consolidation period now after a downtrend.. looking for a reversal here shortly.

GL everyone :D:D

[willcls]

AEM, CEF, HGU.TO, GLD, SLW/wt.TO and some shipping stocks DRYS and EXM also a little natural gas UNG

FXP is a wild ride, hang seng can probably go to 20,000, that would definately suck tho

[fuzzy*panda]

ugly day today...looks like $1.50 at the gas pumps earlier then July 1st

[iEatClams]

I love my Gold Corp (GG)...

Yes.. I think either GM or Ford is going to file Bankruptcy real soon.
The market hitting new low and will test 11,000 real soon. I don't know what will happened if it break below 11K mark.. everything going into the shitter.

Citi Financial is next in line....

I am stlll LONG in oil and gold. Good to see US getting deeper and deeper into the shitter.

No matter cutting rate or not, i will not going to help US economy at all.
Cutting rate = housing market will worsen but help to fight inflation.
Not cutting rate = able to stabilize housing market problem, but inflation go up through the roof.

Good learning period on stock market right now..

Citi group isnt going anywhere, the fed wont let any bank go down- they will lose consumer confidence.

second. if feds cut rate- this will lower borrowing cost- hence people can buy homes at cheaper rates. but if they cut rates. inflation will go up - so this doenst help fight inflation. it will also help boost economy

if they DONT cut the rate- then this will help inflation- but will be bad for economy.

Right now they are not increasing rates because one- if they do. economy will get worst. they rather help the economy then fight inflation cause helping the economy is more important than fighting inflation- which is what the feds are thinking. . .

[wouwou]

Citi group isnt going anywhere, the fed wont let any bank go down- they will lose consumer confidence.

second. if feds cut rate- this will lower borrowing cost- hence people can buy homes at cheaper rates. but if they cut rates. inflation will go up - so this doenst help fight inflation. it will also help boost economy

if they DONT cut the rate- then this will help inflation- but will be bad for economy.

Right now they are not increasing rates because one- if they do. economy will get worst. they rather help the economy then fight inflation cause helping the economy is more important than fighting inflation- which is what the feds are thinking. . .

Right now I dont think C should worry about lending cost.

It's all those hidden mess behind their balance sheet that is going to sink the stocks. The mortgage problems are just the cause to a much much bigger problem

[Mananetwork]

GG just hit it's record high today. Still a good place to invest or time to cash out?

[wouwou]

Wait for the pull back, get in before July 20th give or take and get out before July 31st when GG reports the quarter

I dont think they did as good with high cost of fuel and unhedged Gold prices.

Just my 2 cents

rr of course

[willcls]

late 2008/ early 2009 gold will probably be $1350, oil at $185

GG can easily hit $50 short term, i dunno i feel comfortable holding over the weekend my gold positions.

http://www.ft.com/cms/s/0/5541c9a6-4151-11dd-9661-0000779fd2ac.html

vietnam cant control inflation, they are stopping imports of gold lol

[bossxx]

FRGY broke resistance today like I guessed.. up over 50%.

Made around $1,500 today :)


http://i23.photobucket.com/albums/b377/redliine/frgy.jpg

[wouwou]

^

Grats! I wish I have more time to spend on research. Right now I am sitting on 30% since May because I only did like 10 trades

[bossxx]

^ still can't argue with that!

[Mananetwork]

^ Nice earning since you've had it at 1cent

[bossxx]

I edited my post with a chart and some shit i drew on there lol.

T/A for life.

edit: they just put out a PR 10 mins ago saying they are gonna acquire an oil refinery lol.. can you say gap up monday morning.

[wouwou]

I edited my post with a chart and some shit i drew on there lol.

T/A for life.

edit: they just put out a PR 10 mins ago saying they are gonna acquire an oil refinery lol.. can you say gap up monday morning.

I think that is the reason why it broke the resistence.

Grats again:thumbsup:

[bossxx]

GCOG on heavy radar here as well for mon-tues for all you penny guys.

weeeee

[will068]

Wow, the penny traders out there. Balls of steel I tell ya.

[bossxx]

Its brains of steel lol duurrr hahah jk..

Man you can't beat the emotion involved in penny stocks. It makes life exciting.. for example, some days I feel like I am the most clever trader.. I gracefully snag a chunk of shares and then drop them off a week later when the excitement nears its ending.. on the contrary there are days when I am like wow buddy why didn't you just spend that money on

HOOKERS AND BLOW

lol

[McDick]

TA really helps...

[McDick]

GG just hit it's record high today. Still a good place to invest or time to cash out?

If you have shares in GG, cash in half of it.
Just buy back when you see a pullback, and properly will. It was $40.20 two days ago. Up $6 in two days, too much too quickly.

Gold and GG broke their trading range today, and it will be interesting to see what happen next. Also, DOW is hitting new low and it looks bearish right now. If it go lower than 11,000 mark, the next resistance will be in the lower 10,000. GG can hit $50 easily on any negative news in US financial system.

This summer will be exciting for oil and gold since we will soon find out how shitty US financial and car manufactures really is.

[Ulic Qel-Droma]

haha why don't you guys go into futures, it's high risk short term ;)

[fuzzy*panda]

FRGY broke resistance today like I guessed.. up over 50%.

Made around $1,500 today :)


http://i23.photobucket.com/albums/b377/redliine/frgy.jpg



Wow ugly looking chart! Glad you found the bottom reversal...
I find that TA on OTCBB/PINKS most of the time is useless because the company can just dilute more outstanding shares without any press release. So they'll keep diluting until 0.0001/share.

But the great news is that if you find the right 1.. cha ching 100+% return in 1 day.
You heard of investorshub.com pretty much most penny stocks are on there. Some forum where at least some of the info is true. Better then nothing.

[bossxx]

I am an iHub whore haha

How is this chart ugly? It is textbook charting. That chart is pure money.

[fuzzy*panda]

RSI is not oversold <30
It is triple bottom but usually triple bottoms are less accurate than double bottom for reversal patterns

Looking at IHUB cause I wasn't checking the Level 2 at that time..
It seems to be active and that you don't need alot of $$ to take out 1 level. Then the users just spam "print, new high, etc"
http://finance.yahoo.com/echarts?s=FRGY.PK#chart1:symbol=frgy.pk;range=1d;i ndicator=volume;charttype=line;crosshair=on;ohlcva lues=0;logscale=on;source=undefined

I use to be a dirty OTCBB/PINKSHEET daytrader where I would find +25% gainers just be the last guy to take out the level and just hope it continues. I'd spam IHUB, and shakerz yahoo forum. If not sell at bid.



The Good:
MACD trend up
Files 10Q fin. statements, share increase+outstanding docs to SEC

[bossxx]

FRGY up 75%.. 7 mins into the day.

Buckle up kids and keep your hands and feet inside the vehicle at all times.

edit: 85% now, 3's almost gone.

[willcls]

If you have shares in GG, cash in half of it.
Just buy back when you see a pullback, and properly will. It was $40.20 two days ago. Up $6 in two days, too much too quickly.

Gold and GG broke their trading range today, and it will be interesting to see what happen next. Also, DOW is hitting new low and it looks bearish right now. If it go lower than 11,000 mark, the next resistance will be in the lower 10,000. GG can hit $50 easily on any negative news in US financial system.

This summer will be exciting for oil and gold since we will soon find out how shitty US financial and car manufactures really is.

ya bro the stars are lining up for gold and oil. this summer is going to be really good. stay long my friends...screw everyone that complains about high gas prices they can walk for all i care. i cant wait for gasoline to hit $2.00 a litre in canada. cant wait for israel to attack iran with mini nukes. cant wait for all those baby boomers to look at their latest monthly mutual fund statements all surprised.just fuck this world up already so we can make more money lol

[McDick]

ya bro the stars are lining up for gold and oil. this summer is going to be really good. stay long my friends...screw everyone that complains about high gas prices they can walk for all i care. i cant wait for gasoline to hit $2.00 a litre in canada. cant wait for israel to attack iran with mini nukes. cant wait for all those baby boomers to look at their latest monthly mutual fund statements all surprised.just fuck this world up already so we can make more money lol


Exactly.. I am shorting everything right now such as car manufactures (F (Ford) and GM (General Motors)), Financial Banking (C (Citi), WM (Washington Mutual), LEH (Lehman Brothers))... Shorting stocks such as AAPL (Apple), LVS (Las Vegas Sands), WYNN, YHOO (Yahoo)... however, I am adding to my position on MA (Mastercard) since we all use Credit Card EVERYDAY and much more frequent than before. One very positive thing about Mastercard (MA) is that they only collect transaction fees, and not responsible for any credit card debts.

I am thinking that Apple's 3G iphone will not sell as well as expected. Also, Apple stopped selling their iphones for over 2 months, that's a lot of lost revenue. OUCH!

I am buying into oil related stocks (COP, MDR, FLR) and Gold related stocks (GG and ABX).

Loving gold lately.. Dow is hitting new lows everyday and gold price just broke their 3 months trading range (currently at $945)... very positive for gold right now.

Europe is planning to hike interest rate this Thursday due to high inflation. It will be very interesting to see how oil and gold play out.

I can't wait the oil hits $2.00+/litre in Vancouver. I will be laughing to the gas station. The more fuxked up the US market is, the more money I make. US market is not in recovering mode anytime soon.
I don't know why people complain about gas prices. Just buy some oil-related stocks to hedge the rising gas prices. Simple solution, just like what all airlines does over the past couple years. Or dump their SUV and buy something smaller! If you can't pay, then don't drive.

[SiRV]

another newbie question but is gold going to ever 'split' in half?

[wouwou]

^

er..

what?

[McDick]

another newbie question but is gold going to ever 'split' in half?

no! the price/unit is at $USD/t oz.
You can't say $$$/half oz.

The gold will keep rising in the very long term (10-50 years). Gold might be $10,000/oz in another 50 years or so... but at that time, a typical apartment might cost $3-5 million... it's inflation. $1 now isn't gonna worth $1 fifty years from now.

This apply to stock market as well. The overall picture for stock market is UP! US market might be heading downhill right now, but 3-5 years from now, 2008 is just a correction to the entire stock market.

[TouringTeg]

Can anyone recommend a few books that specialize in the playing the market to get me started? I am tired of my my mutual funds losing value.

I just spent a lot of time reading the majority of this thread and I have a lot to learn.

[Scoobysnax]

ya bro the stars are lining up for gold and oil. this summer is going to be really good. stay long my friends...screw everyone that complains about high gas prices they can walk for all i care. i cant wait for gasoline to hit $2.00 a litre in canada. cant wait for israel to attack iran with mini nukes. cant wait for all those baby boomers to look at their latest monthly mutual fund statements all surprised.just fuck this world up already so we can make more money lol

what's your oil play atm? cos-un.to?

[willcls]

none i mostly play oil etfs. prob a good time to raise some cash. steel and coal stocks taking hit

[Scoobysnax]

crappy day if you aren't on the short side or putting.. everything took a hit especially agri/coal.. wonder what tomorrow will bring with job data, ECB rate decision, long weekend..

[wouwou]

crappy day if you aren't on the short side or putting.. everything took a hit especially agri/coal.. wonder what tomorrow will bring with job data, ECB rate decision, long weekend..

I am ultrashort and VERY HAPPY:D

[bossxx]

Just a heads up, tomorrow is only a half day for the NYSE..

Happy trading :)

[iEatClams]

Exactly.. I am shorting everything right now such as car manufactures (F (Ford) and GM (General Motors)), Financial Banking (C (Citi), WM (Washington Mutual), LEH (Lehman Brothers))... Shorting stocks such as AAPL (Apple), LVS (Las Vegas Sands), WYNN, YHOO (Yahoo)... however, I am adding to my position on MA (Mastercard) since we all use Credit Card EVERYDAY and much more frequent than before. One very positive thing about Mastercard (MA) is that they only collect transaction fees, and not responsible for any credit card debts.

I am thinking that Apple's 3G iphone will not sell as well as expected. Also, Apple stopped selling their iphones for over 2 months, that's a lot of lost revenue. OUCH!

I am buying into oil related stocks (COP, MDR, FLR) and Gold related stocks (GG and ABX).

Loving gold lately.. Dow is hitting new lows everyday and gold price just broke their 3 months trading range (currently at $945)... very positive for gold right now.

Europe is planning to hike interest rate this Thursday due to high inflation. It will be very interesting to see how oil and gold play out.

I can't wait the oil hits $2.00+/litre in Vancouver. I will be laughing to the gas station. The more fuxked up the US market is, the more money I make. US market is not in recovering mode anytime soon.
I don't know why people complain about gas prices. Just buy some oil-related stocks to hedge the rising gas prices. Simple solution, just like what all airlines does over the past couple years. Or dump their SUV and buy something smaller! If you can't pay, then don't drive.

I agree with all the haters on rising gas prices. . .

if anyone ever took any geography or anything related. they would know that its a non-renewable resource and its fucking up our planet. its better that it goes up so the market must create new products like more fuel efficient cars and stuff.

if your driving a benz, bmw of huge SUV - you have no right to complain about gas. . .

[604_Snooze]

wow..what happen to Nvidia....drops like crazy
is it a good point to enter around $12

[chun]

I'm getting hit hard. I'm going to start shorting automotive/financials like McDick's.

[wouwou]

wow..what happen to Nvidia....drops like crazy
is it a good point to enter around $12

If you dont know what happened, don't enter

[Mananetwork]

wow..what happen to Nvidia....drops like crazy
is it a good point to enter around $12

I wouldn't say it was from a bad market drop, more like something is shaking. Read up before you invest

[KaOsTiK]

I wouldn't say it was from a bad market drop, more like something is shaking. Read up before you invest

just a stab at it...poor revenue forecast?
a somewhat good resource -> link (http://www.finance.google.com)

[Hondaracer]

anyone in on any local/alberta oil? up and comers?

[will068]

I'm getting hit hard. I'm going to start shorting automotive/financials like McDick's.

Don't forget airlines

[bossxx]

anyone in on any local/alberta oil? up and comers?

Cancen Oil in Alberta is currently not publicly traded.. but FRGY just released an 8-K.. they are gonna buy Cancen and all of it's assets. They are just in the final stages of the agreement which people believe should be finalized by the end of the month (end of quarter as well).

FRGY (Frontier Energy Corp).

http://biz.yahoo.com/iw/080627/0411500.html

[Feint*]

Wow redline you certainly have gotten alot better at TA... good job calling the reversal on the penny stock earlier :D

Kinross made a nice gain from $21 and it's a good point to get in especially at half the price of GG and other major gold producers. I mentioned Yamana before as well - gold's recovery into the mid 900's certainly tells us it'll be here for awhile.

UBS one of the most respected research ibanks posted news re: gold prices all the way through 2010 ...ballsy move.

http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/07/04/higher-gold-forecast-from-ubs-leads-to-target-price-gains-for-gold-stocks.aspx

The Swiss financial services firm now expects gold will average US$895, US$800 and US$730 per ounce in 2008, 2009 and 2010, up from US$850, US$750 and US$720, respectively. Its palladium forecasts climb 24% to US$460, 96% to US$550 and 81% to US$625 per ounce for those years.

TNR Gold Corp (TNR.v) - one I mentioned earlier is now at $0.285, up from $0.22-23 earlier when I picked it up. It has solid backings from longterm investors (check insider buying) and seems to make a run to 0.40+ around October-Jan every year (at least last 3-4 years). Not a 200% one day gain like redline up there but also not Pink Sheets :D At least they need to announce a PP when diluting shares...! Do your DD of course still.

Not sure if anyone saw the GoldSource GXS run (IIRC was 0.50 to $18?) - but coal and potash in Sask seems to be the play of the month (or was). Would be intersting in about a month when coal permits are starting to be issued... everyone around that area was applying for coal permits and jumping up 40% over one day.

Crazy market...happy 4th of July folks.

[Hondaracer]

has anyone ever looked into Vivendi? [VIV]

they have quite a few holdings including Blizzard and Sierra game companies since the release of World of Warcraft the charts have been pretty good as well as the numbers but lately it's been falling

[bossxx]

========================
How I Made 2,000,000 in the Stock Market - Nicolas Darvas

Trading Lessons From Nicolas Darvas:
1. There are no good or bad stocks. There are only stocks that rise in price and stocks that decline in price, and that price is based on the laws of supply and demand in the marketplace
2. “You can never go broke taking a profit” is bad advice that will result in overtrading and cutting winners short. Selling winners and holding losers is to be avoided at all times
3. There is a “follow-the-leader” style in the market. You will find success by selecting the most active and strongest industry group and trading its top leader
4. The combination of price and increased volume is key to stock selection. Focus your time on new leaders emerging with a new market cycle
5. It is the anticipation of growth rather than the growth itself that leads to great profits in growth stocks. “You have to find out what the public wants and go along with it. You can’t fight the tape, or the public.”
6. One of the quickest ways to lose money in the market is to listen to others and all of their so-called expert opinions. To succeed, you must ignore all outside opinions and predictions. Follow your own strategy!
7. Losses are tuition on Wall Street. Learn from them.
8. You should expect to be wrong half of the time. Your goal is to lose as little as possible when you are. “I have no ego in the stock market. If I make a mistake I admit it immediately and get out fast. If you could play roulette with the assurance that whenever you bet $100 you could get out for $98 if you lost your bet, wouldn’t you call that good odds?”
9. Most of your big failures will come from three things: 1) when you abandon your rules, 2) you become overconfident, and 3) trade in despair when unsuccessful
10. The best speculators search only for the very best opportunities. To be truly successful, you must wait for the right opportunities to present themselves and this often means doing nothing for long periods of time {BE PATIENT}
11. The market behaves the way it does due to participants behaving the way they do. No one knows what they will do until they actually do it
12. Long-term investors are the real gamblers in the market due to their eternal hope that losing stocks will come back in price
13. It is difficult to be profitable on the short side of the market versus the long side - trading in rising or bull markets will give you the best chance for success
Most, if not all stocks, will follow the general trend of the market
14. To train your emotions, write down the reasons for making every trade. When you lose, write down what you thought contributed to the loss. Then study and set new rules to avoid making those same mistakes
15. Concentrate your trades. At the peak of his success, Darvas would hold only 5 to 8 stocks at one time which was in contrast to his earlier days when he was overtrading and would hold up to 30 stocks at a time
16. Avoid fallen leaders. Overhead resistance will keep upside potential limited due to supply from previous buyers who had not cut short their losses.
17. According to Darvas, the only sound reason for a stock is one that is rising in price. If that is not happening, then there is “no other reason worth considering.”
17 .Darvas used his “box theory” to trade using boxes to time his entries (on breaking out to a new higher box) and exits (breaking below the current trading box).
18. For new trades, Darvas used “pilot buys” which basically were starter positions in stocks he liked. Only if the stock continued to move higher would he then pyramid and increase his position. He learned never to buy more of a losing position
19. He thought many unsuccessful investors made the mistake of looking at the same familiar names that might have worked well for them in the past instead of focusing on the next stock with the right elements for the new market cycle. “I am only in infant industries where earnings could double or triple. The biggest factor in stock prices is the lure of future earnings. The dream of the future is what excites people, not the reality.”
20. Perfection has no role in successful trading. No one can buy at the absolute lowest price and sell at the highest price. No time or effort should be devoted to that goal. “I never bought a stock at the low or sold one at the high in my life. I am satisfied to be along for most of the ride.”
21. Trade only when the environment is in your favor. Darvas’ strategy kept him out of poor and bear markets because he wouldn’t trade stocks that didn’t fit his requirements which were only found in raging bull markets
22. Be aggressive when warranted. Darvas believed in making aggressive trades when his system pointed to a great trade. In fact, sometimes 50% of his capital was devoted to just one stock
23. While his trading approach was very technical, after studying the market’s winners he understood the relevance of finding stocks also with good fundamentals. Namely, Darvas thought that earnings and the future estimate of increased earnings were very important

[SoulCrusher]

LPS.to

I bought into this stock yesterday and it is taking off. Its a burnaby based company which has a product which helps conserve electricity. http://www.legendpower.com/

[wouwou]

^

You meant Legend, who 2 days ago jumped 40%?

[Rev*]

========================
How I Made 2,000,000 in the Stock Market - Nicolas Darvas

13. It is difficult to be profitable on the short side of the market versus the long side - trading in rising or bull markets will give you the best chance for success

I have to say that's a tad incorrect esp in the arguable current predictable downward spiral.

Ben make speech / rate cuts - stock goes up
Oil goes up - stock goes down - gold is up as people fled from fiat

[wouwou]

I have to say that's a tad incorrect esp in the arguable current predictable downward spiral.

Ben make speech / rate cuts - stock goes up
Oil goes up - stock goes down - gold is up as people fled from fiat

it should be like this:

Ben makes "unexpected" speech / rate cuts - stock goes up/down

Oil goes up "more than expected" - stock goes down - gold is up as people fled from fiat

[chun]

http://biz.yahoo.com/ccn/080710/200807100473318001.html?.v=1

[wouwou]

http://biz.yahoo.com/ccn/080710/200807100473318001.html?.v=1

It would be a really good news,

if the oil price goes down. Oil price is really killing the smaller size "gold diggers"

[Hondaracer]

hey whats a good brokerage to use to buy like 1-3 stocks im looking to hold fairly long-term?

[McDick]

I'm "Lov'in" US market... omg... counting money on shorting FHM, FRE, AMD... I covered all of them in the morning before going to work (6:45am)!
I suspect Fed will save FANNIE MAE and FREDDIE MAC just like what they did to Bear Stern. Lots of potential to go down even MORE! But then, I have to locked in massive profit (30+%).
Looking to short GM, F, C real soon. Waiting for entry point to short. I am not fighting the market... cause US is not going to recover anytime soon.

Gold is slowly creeping to $1000. I love it when CNBC doesn't mention gold as much as oil.

Love it!

[willcls]

I'm "Lov'in" US market... omg... counting money on shorting FHM, FRE, AMD... I covered all of them in the morning before going to work (6:45am)!
I suspect Fed will save FANNIE MAE and FREDDIE MAC just like what they did to Bear Stern. Lots of potential to go down even MORE! But then, I have to locked in massive profit (30+%).
Looking to short GM, F, C real soon. Waiting for entry point to short. I am not fighting the market... cause US is not going to recover anytime soon.

Gold is slowly creeping to $1000. I love it when CNBC doesn't mention gold as much as oil.

Love it!


http://www.youtube.com/watch?v=-9-R9S1m4dA&feature=related

ahahahahha open up your wallets americans you are all owners of subprime mortgages now. they basically are nationalizing freddie and fannie :D that is sad...america criticizes hugo chavez for nationalizing oil fields; at least they make money.

gold is going to make a fucking moon shot ahhaha

we should all invest in paper, printing presses and helicopters

[Mananetwork]

Etrade has been doing horrible on the market until closing today when news was announced of Scotiabank acquiring E-Trade Canada for $442M

UP 7% after market

[Mananetwork]

Ouch, both my stocks took a huge hit today. I'd like to thank Bush for this

[willcls]

Ouch, both my stocks took a huge hit today. I'd like to thank Bush for this

pretty much all across the board. took profits on some gold miners albeit at lower prices than yesterday. starting to see some systemic risk out there in stockmarket world. there might be a bank run in america; there was a rumor yesterday it was going on at Washington mutual which forced them to issues a PR saying deposits are safe.i dunno this market is getting way too wacky

[wouwou]

I was tempted to short GG yesterday but didnt, and although I could've made a lot, I feel I made the right decision.

This market is way to wacky by now. ANYTHING can happen. I just closed my ultrashort position with a profit and am gonna stay out of it for a few days before all the dusts settle.

Word of advice, if you still hold any financial stocks, might not be too late to add a put option with it if you choose not to get out now.

[McDick]

I sold GG entirely today near the opening at $52/share and bought lots of MA (Mastercard) shares at around $245.

Also, I have covered all my short position, GM, FRE, FNM, WM, DAL, LVS.

I basically have cash in all my stocks and sitting on the sideline to see what will happen next.
Basically all financial/mortgage stocks are considered 'oversold' at this moment.
Any 'positive' news from any financial/mortgage stocks can send the whole sector and stock market up few hundreds points.
So, I am booking my profit for now. Can't be right cash-ing in my profits.

I am waiting gold for a minor correction before going up to $1000. Watching closely at ABX and GG at this moment.
Gold and GG went up too much too quickly.