[wouwou]

I still cringe at your kitchen loss

[Jackwimmer]

got like 40% cash now
wtb: MFC AT 15 lol

[604_Snooze]

I think anything below $20 is a great buy for MFC

[604_Snooze]

any earning/loss to you guys lately?

[40ft e-Peen]

Hey rs. I've been reading this thread from time to time and it seems like its a real exciting experience. I have some extra cash on the side and I want to try my hand on trading. I'm completely new to this and I was wondering if you guys have any input or tips you could share? I was wondering how you guys trade and with which brokerage? My intent is to just put in a few hundred and just research some companies and go from there. Are there any online trading websites that you have tried before? And what about the fees per trade?/

Thanks!

[StaxBundlez]

Hey rs. I've been reading this thread from time to time and it seems like its a real exciting experience. I have some extra cash on the side and I want to try my hand on trading. I'm completely new to this and I was wondering if you guys have any input or tips you could share? I was wondering how you guys trade and with which brokerage? My intent is to just put in a few hundred and just research some companies and go from there. Are there any online trading websites that you have tried before? And what about the fees per trade?/

Thanks!

Hey man
I'm glad to see that you're interested. Let me be the first to tell you that you're probably going to lose money. lol Dont fret though, everyone does at first. My advice to you is do as much research as you can before putting any real money into the market.

If you want to do the trading yourself, I suggest you open up a brokerage account at you're local bank. Most banks do have online brokerage sites that allow you to do this. Or there are other options, such at E-trade, Scott Trade, etc. Every brokerage usually has a different fees, but it all depends how much money you put in, and how often you trade. I think standard rate is about $7.00 - $9.99 depending on how many trades you do a month. But starting off, you could be looking at $20 and over per trade. An alternative to this, if you don't want to put in any real money, is to open a Google or Yahoo finance stock portfolio, and go ahead and put in some simple order entries. It doesn't cost a thing. Then from time to just check out how well (or poorly) your stocks are doing, until you really get the feel for it.

If you hear anything on the news about buying a particular company, i would try and hold off at first and do my own research before coming to a conclusion on weather or not to buy in. Remember, the markets discount all news. By the time the news reports, chances are the stocks has already run it's course. DON'T listen to anyone on CNBC. lol Remember, chances are you will lose your money. But don't be discouraged. You gotta be able to take some risks if you want that cake. Fortune favor the brave my friend.

good luck

[dlu]

Hi. I'm definitely interested in starting to trade in the stock market and was wondering how do you guys decide which sectors to invest in?

Do you research which products/sectors are doing well and decide from there? And even if you do decide which things to invest in, how do you know which companies would be the best investment?

Thanks

[Carl Johnson]

Everyone's opinion on which sector to be is going to be different because everyone's view on the economy is different. However, generally in a bull run you want to stay away from defensive stocks and be in cyclical names. I'm mostly looking at a few names that haven't really taken off yet from the march low but still has a solid business model with great balance sheet. These stocks tends to do very well in a recovery.

[Carl Johnson]

the fuck is wrong with questrade today?

man i sick of these guys can't get anything right even on a slow ass friday noon. maybe i should switch to interactive broker, any suggestion on a better broker?

[wouwou]

this week is boring, BORING I say

[Carl Johnson]

BORING??? it ain't boring if you look at individual stocks like FRE FNM AIG ABK. these stocks are on a mission bro.

[StaxBundlez]

the fuck is wrong with questrade today?

man i sick of these guys can't get anything right even on a slow ass friday noon. maybe i should switch to interactive broker, any suggestion on a better broker?

TD Waterhouse

but um has anyone used thinkorswim? or does anyone know if lightspeed is available to canadians?

[wouwou]

BORING??? it ain't boring if you look at individual stocks like FRE FNM AIG ABK. these stocks are on a mission bro.

yea, but...

I wasn't looking at those :D

[TRDood]

FRE FNM AIG is very exciting today for those who still have them. haha

[StaxBundlez]

FRE FNM AIG is very exciting today for those who still have them. haha

uhhhhh
lol
sucks if you still have them
pretty hard pull back today
all three tanked pretty hard

only good if you were on the short side

[TRDood]

this bearish market came half a year late.

The original FAZ price is still only $2.60. I know about the decay blah blah blah, but FAS is at $70, which is $14. Should have kept when i bought it at $7.

FML

[1.7El_guy]

those days i lost alot of money from trying to catch the fas/faz trade...but i must admit it was pretty fun...the money was flowing and you could make (or lose) thousands in literally a minute with a few g's investment.

[Jackwimmer]

prolly healthy that it was down today
i guess these next 2 months might be ghastly
luckily i switched to like 50% cash recently

[1.7El_guy]

hey wouwou...since you have tons of experience in investing in abx and Goldcorp, what do you think (in your opinion) about gold right now? trying to read all the 2 cents/info i can get before i jump into one of them.

[Jackwimmer]

excellent day :)

[TRDood]

so... what's going on with LVS, MGM, WYNN?

it's been going up for weeks!

[threezero]

Hey rs. I've been reading this thread from time to time and it seems like its a real exciting experience. I have some extra cash on the side and I want to try my hand on trading. I'm completely new to this and I was wondering if you guys have any input or tips you could share? I was wondering how you guys trade and with which brokerage? My intent is to just put in a few hundred and just research some companies and go from there. Are there any online trading websites that you have tried before? And what about the fees per trade?/

Thanks!

is it possible to start trading with few hundred dollars? My dad is an experience stock trader he like to speak alot of philosophy to me all of them involve having quite abit of money to play around with. I want to start young with the disposable income I have now. I'm been basically told to take a hike in regards to trading with such small amount of money.

Is it doable?

[!LittleDragon]

That might be tough to find a broker that'll let you open an account with less than $1000

[wouwou]

is it possible to start trading with few hundred dollars? My dad is an experience stock trader he like to speak alot of philosophy to me all of them involve having quite abit of money to play around with. I want to start young with the disposable income I have now. I'm been basically told to take a hike in regards to trading with such small amount of money.

Is it doable?

put it this way.

The cheaping transaction fee I know is 4.95 from Questrade. Say you have $1000 invested, to buy and sell costs close to $10, and that's 1% of your total asset already. It's ok if you are not a frequent trader, but if you do multiple trades in a week, that eats up a lot of your profit margin, even if you can average a 5% each trade.

To start young, you are better off doing a monthly deposit with a growth mutual fund, not only does this reduces the costs, it also allows you to average in on the costs until you have say $5000, and some knowledge of why mutual fund sucks.

Then the fun begins.

[TRDood]

i skipped the mutual funds step because i know it suck ass (i work in a bank), and those account managers or fund managers are not all very smart and honest. they are always pressured by their own boss to sell sell and sell, and most of the time, they don't even agree with the products they sell.. LOL

since i am still young, i figured i can learn something in the stock market.
my transaction cost is $25 each way, which really kills me because my purchases are usually only $1000-$1500.

i have been trading for about a year, and learned a lot about what NOT TO DO.

overall, im down about $1,000. it's better than when im 30 years old and down $10,000 or more.

no one will care about my OWN money other than MYSELF.

[Chuck Norris]

^ A lot of truth to this. Mutual funds are good for people when they are starting out but once you get some money behind you it's time to grow up and invest into other products.

There are good mutual funds out there but most of the people selling them to you aren't too bright. I used to sell mutual funds to clients and the banks mandate was for us to sell the 'right' product. Funny how every month we changed the right product for the clients depending on what gave the company the most profits :(

I don't miss those days. A few months after I finished my CFA I got the hell out of there. No objectivity in these places at all. Independents aren't much better.

[Jackwimmer]

yea i agree with chuck
while there are some smart mutual fund managers out there, its safe to say a majority of them are not too bright
take for example this manager i met at TD, barely knew anything about stocks but for some reason he was selling mutual funds LOL
at the end of the day, they dont care about your money like trdood says...thats why i've also started investing myself and couldn't be happier regardless of the outcome

[wouwou]

i skipped the mutual funds step because i know it suck ass (i work in a bank), and those account managers or fund managers are not all very smart and honest. they are always pressured by their own boss to sell sell and sell, and most of the time, they don't even agree with the products they sell.. LOL

since i am still young, i figured i can learn something in the stock market.
my transaction cost is $25 each way, which really kills me because my purchases are usually only $1000-$1500.

i have been trading for about a year, and learned a lot about what NOT TO DO.

overall, im down about $1,000. it's better than when im 30 years old and down $10,000 or more.

no one will care about my OWN money other than MYSELF.seriously,

QUESTRADE.

$25 each way per 1k transaction is worse than anal rape.

[Speed2K]

is it possible to start trading with few hundred dollars? My dad is an experience stock trader he like to speak alot of philosophy to me all of them involve having quite abit of money to play around with. I want to start young with the disposable income I have now. I'm been basically told to take a hike in regards to trading with such small amount of money.

Is it doable?

Few hundred (ie. 5-600) no not enough. If you make 10%, that's only $50-60 (less any fees), I don't think that will give you much incentive to trade for very long. :p

[!LittleDragon]

seriously,

QUESTRADE.

$25 each way per 1k transaction is worse than anal rape.

Overall I like them but they have their issues. Good thing I don't trade everyday. For example, Tuesday, I bought a few hundred shares of HNU.TO.. Wednesday, they did a 5:1 reverse split but it wasn't reflected which is fine. I figure they'll get to it eventually. I wake up this morning to find out I still own a few hundred shares but at the reverse split price with $6k profit. Too good to be true... lol

[wouwou]

^You pay for what you get, lol

I still remember waking up with 5K extra in my account, that was a good morning

[TRDood]

i tried setting up a questrade account online. i sent them a $5 cheque to them in March, after that, nothing happened......

i will stick to my current provider, they are more reliable since i work there! hahaha

yes, you save $20 per trade.. BUT i'm always afraid that one day, Questrade is gonna go down or I have money dissappear from my account, then im FUCKED.

plus, i usually buy US stocks, Questrade takes 15 or 20 days to process a USD cheque, which is super retarded.

[1.7El_guy]

When you open a TFSA with CIBC Investor's Edge between September 12 and December 24, 2009, you'll receive unlimited online equity and options trades for $6.95 per trade until December 31, 2009 (fee of $1.25 per option contract will also apply). That means you can trade as often as you'd like and watch your portfolio grow, tax-free.


I took that off the cibc investors edge webpage. Cheaper alternative...and yeah i woke up to that reverse split on HNU...good feeling lol but not as good as the time i owned faz and it did a reverse split which turned my 5k into 50k. too bad it only lasted one day haha

[clowe]

Lots of HNU guys here haha...what's you guys' take on it? I'm a little worried after the reverse split. It reverse split'ed not too long ago too so I'm not too sure what to think :(

[Chuck Norris]

When you open a TFSA with CIBC Investor's Edge between September 12 and December 24, 2009, you'll receive unlimited online equity and options trades for $6.95 per trade until December 31, 2009 (fee of $1.25 per option contract will also apply). That means you can trade as often as you'd like and watch your portfolio grow, tax-free.

Or you can washout and lose your TFSA room for the year :(

[wouwou]

i tried setting up a questrade account online. i sent them a $5 cheque to them in March, after that, nothing happened......

i will stick to my current provider, they are more reliable since i work there! hahaha

yes, you save $20 per trade.. BUT i'm always afraid that one day, Questrade is gonna go down or I have money dissappear from my account, then im FUCKED.

plus, i usually buy US stocks, Questrade takes 15 or 20 days to process a USD cheque, which is super retarded.

Questrade is a member of CIPF, so your account up to 100K is secured as far as I know:thumbsup:

For Questrade US stocks, if it's done on the same day, they will only charge you the difference between the profit, and their exchange rate is not that bad compared to banks.

That being said, they recently imposed a $5 fee for US trades (max $ per day) on RRSP accounts I believe, and their "unscheduled maintenance" is famous too.

so you REALLY get what you pay for lol

[TRDood]

I will think about it again.

I use my own bank's platform, so my exchange rates are staff rates = market rates (no buy/sell spreads).

so the amount i lose out on exchange rates on questrade is probably more when i use my own exchange rate at my platform.

[7seven]

I was wondering where this thread disappeared to, didn't realize there was a new subforum. Anyways, anyone in on WYG today :) Next up should be CAN, I have a bunch of .10 warrants and also stepped in at .145 and re-entered at .325, assay results on holes 2-5 should be out soon, visible gold like hole 1 (53 Metres at 4.32 Grams Gold Per Tonne) anyone? ;)

[leilomo]

I was wondering where this thread disappeared to, didn't realize there was a new subforum. Anyways, anyone in on WYG today :) Next up should be CAN, I have a bunch of .10 warrants and also stepped in at .145 and re-entered at .325, assay results on holes 2-5 should be out soon, visible gold like hole 1 (53 Metres at 4.32 Grams Gold Per Tonne) anyone? ;)

How do you guys hear about these small companies on the verge of a big discovery?

Are you referring to Canaco Resources? when are the results for holes 2-5 coming out?

[7seven]

How do you guys hear about these small companies on the verge of a big discovery?

Are you referring to Canaco Resources? when are the results for holes 2-5 coming out?

I have two careers going right now, and 1 of them is a broker. I talk to a lot of IR guys, junior mining company executives, other brokers, deal makers, etc.... We also put together a lot of the private placements & public offerings junior venture & TSX companies, we just finished one for GAM, TGX, CSI and MRS. Working on closing placements for CVB and SNS currently. Some of these deals sometimes takes a bit of time, so patience is needed.

Yes Canaco Resources, the assays where sent to the geologists earlier this week, typically it takes about 6 days for them to return the results.

[leilomo]

I have two careers going right now, and 1 of them is a broker. I talk to a lot of IR guys, junior mining company executives, other brokers, deal makers, etc.... We also put together a lot of the private placements & public offerings junior venture & TSX companies, we just finished one for GAM, TGX, CSI and MRS. Working on closing placements for CVB and SNS currently. Some of these deals sometimes takes a bit of time, so patience is needed.

Yes Canaco Resources, the assays where sent to the geologists earlier this week, typically it takes about 6 days for them to return the results.

seeing as how you seem to know what you're doing and what you do for a living, i just bought some shares of CAN...seems highly speculative, but i think it'll be worth the risk. fingers crossed! :)

[leilomo]

what do you guys think the market will do tomorrow? it was a pretty big strong day today. think it'll continue into tomorrow, or will people take profit before the weekend?

thoughts?

[7seven]

seeing as how you seem to know what you're doing and what you do for a living, i just bought some shares of CAN...seems highly speculative, but i think it'll be worth the risk. fingers crossed! :)

If it makes you feel better check the insider reports, Randy Smallwood, a director of CAN recent bought 65,000 shares at .30 on the open market. He is also a VP of Silver Wheaton, Silver Wheaton also has an interest in CAN. I spoke to him a couple days ago and I'll say he is very positive on CAN's future.

There's never any guarantee's but at mid .30s and this range I think its worth a shot.

[604_Snooze]

woohoo...7seven is back

[leilomo]

If it makes you feel better check the insider reports, Randy Smallwood, a director of CAN recent bought 65,000 shares at .30 on the open market. He is also a VP of Silver Wheaton, Silver Wheaton also has an interest in CAN. I spoke to him a couple days ago and I'll say he is very positive on CAN's future.

There's never any guarantee's but at mid .30s and this range I think its worth a shot.

Thanks for the reassurance. I'll be watching this one closely (obviously).

[British Quid]

Just to add in my two cents, I hold WAVE and GLUU as a bullish play on smart phones...

[7seven]

Thanks for the reassurance. I'll be watching this one closely (obviously).

More insider buying on the open markets, Brian Lock 29,000 @ .33, 39.000 @ .32, 82,000 @ .375, 87,000 @ .35

:thumbsup:

[7seven]

CAN at .45 now with good volume

edit** was up to .475, now at .455, hopefully news out early next week.

[leilomo]

CAN at .45 now with good volume

edit** was up to .475, now at .455, hopefully news out early next week.


:thumbsup:
7seven is the man...i think i'll be buying you a beer soon.

[7seven]

.53 bid on CAN now, it appears everyone is loading up expecting news out Tuesday? since today is last trading day before weekend and Monday is a holiday.

edit*** 0.58 bid now

edit** closed at 0.57, up 50% with real action to come....

[rb]

Thanks for the heads up on CAN.

[subordinate]

Darn, I was just looking at Can-v yesterday, comparing it to MTB-V and DEC-V.

Makes no sense that Can-v has more than double the market cap of MTB/DEC-v (Currently its at a 20/80 split, but could be 40/60 split depending on the S/H vote in Jan) when both companies have similar initial results.

Look at the past new releases and you will see some of their initial results from the Stewart lake area of BC,

i.e: Hole 5 of 39.63m of 4.7g/t of gold
Hole 6 of 55.18m of 9.64g/t of gold
including 24.7m of 20.87g/t of gold

And holes 1 and 2 were of similar results.

Not to mention, more news coming next week on the next batch of assays.

I'm invested in MTB, but if MTB/DEC would to get noticed, DEC-V would definitely be the clear winner in the short term as current o/s shares are just at 11million and they do own the majority % of the Red Cliff Project.

[leilomo]

with a long list of earnings coming out this coming week, where does everybody think the broader market is heading? we all saw what happened when alcoa beat their EPS estimate. should we expect the same to happen especially with the financials? a lot of people are saying that jpm and bac are going to report a gain while citi will report a loss - despite that, i have a feeling we are heading up.

Would love to hear your guys' thoughts

[Jackwimmer]

well even if they report good earnings, i have an eerie feeling that the market is gonna tank for some reason
it seems like the economy is still in the shits and our stocks are going up for reasons i dont consider justified

[xPhuong]

Hey I want to start off with 500$ do you think I can get anywhere with it?

[Carl Johnson]

$500 can barely cover the commission costs on the way in & out. If you want to be serious about it get at least a couple grand or else it's better just stick with paper trading.

[kaitamasaki]

Hey I want to start off with 500$ do you think I can get anywhere with it?

erm you could try forex, but stocks? no... usually a minimum required...

[TRDood]

$500 go to the casino, just go to the casino or buy a penny stock and leave it there for a longgggggggggg time. (1 year)

[GomGom]

I'm a newb on this and just want to start. What online broker do you guys recommend me to use?
Do we trade as in lot (@500 shares) or what?

Thanks in advance

[StaxBundlez]

i would start with 100 share increments until i got good

[604_Snooze]

I think only HK and China's stocks are bought in a lot, like in a hand, you have to buy 500 shares. North America, you buy whatever you want, even 1 share.

[!LittleDragon]

Well, if a broker let you open a trading account with only $500, I'd trade high volume penny stocks like SIRI and ETFC...

[Carl Johnson]

looks like we gonna gap up huge tmr

DOW 10000 could be tmr

[604_Snooze]

not just dow, I think tsx will gap up too, base on HSI and europe stock market. They are doing pretty good right now.

[xtension]

i was thinking of doing some investing tied to my TFSA.
what are your guys thoughts on ETFs?

[GomGom]

Hey guys, I got a question. Is the profit from stock market and forex trading taxable?

[RFlush]

I think only HK and China's stocks are bought in a lot, like in a hand, you have to buy 500 shares. North America, you buy whatever you want, even 1 share.

HK stocks are bought in lots, but not always 500. Can be 400, 500, 1000, it depends on the company. Chinese A shares are not bought in lots, I am not sure about B shares.

Hey guys, I got a question. Is the profit from stock market and forex trading taxable?
Yes taxable, they are consider capital gains.

[Carl Johnson]

only 50% of your cap gain is taxed and any cap loss can be carried over

[wouwou]

HK stocks are bought in lots, but not always 500. Can be 400, 500, 1000, it depends on the company. Chinese A shares are not bought in lots, I am not sure about B shares.


Yes taxable, they are consider capital gains.

Chinese A shares are bought in lots of 100 shares I believe

[British Quid]

Hey guys, I got a question. Is the profit from stock market and forex trading taxable?

Not if it's under your TFSA.

[95Z28]

Not if it's under your TFSA.
How exactly does that work? I was under the understanding I could only put 5k into a TFSA and have it earn 2% or whatever a year. Is there a way I can invest in the market and have it non taxable(to my TFSA limit)?

[British Quid]

How exactly does that work? I was under the understanding I could only put 5k into a TFSA Correct

and have it earn 2% or whatever a year. Is there a way I can invest in the market and have it non taxable(to my TFSA limit)?

Just open a TFSA account that allows you to trade stocks or whatnot and earn your 2%, 50%, 100% or whatever a year tax-free.

[Ulic Qel-Droma]

i believe in the TFSA accounts, u cannot claim your losses...

so, what, unless you're a hot shot trader, what's the fuckin point? someone explain to me the benefits. cuz i know 90%+ of you out there aint making money in the fuckin long run.

[wouwou]

i believe in the TFSA accounts, u cannot claim your losses...

so, what, unless you're a hot shot trader, what's the fuckin point? someone explain to me the benefits. cuz i know 90%+ of you out there aint making money in the fuckin long run.

cause you are not supposed to do flash trades with your TFTAs, and for the better part of this year, buy and hold = 20% profit

[StaxBundlez]

i believe in the TFSA accounts, u cannot claim your losses...

so, what, unless you're a hot shot trader, what's the fuckin point? someone explain to me the benefits. cuz i know 90%+ of you out there aint making money in the fuckin long run.

i beg to differ
mwauahahah

http://i302.photobucket.com/albums/nn94/acetyler26/crackhead.jpg

[British Quid]

i believe in the TFSA accounts, u cannot claim your losses...

I should check if it can be transferred out...

so, what, unless you're a hot shot trader, what's the fuckin point? someone explain to me the benefits. cuz i know 90%+ of you out there aint making money in the fuckin long run.

In the long run we're all dead.

[andrei]

Any of you in on GE...
What are your expectations for this week?

[TRDood]

i believe in the TFSA accounts, u cannot claim your losses...

so, what, unless you're a hot shot trader, what's the fuckin point? someone explain to me the benefits. cuz i know 90%+ of you out there aint making money in the fuckin long run.

that's correct. you can't claim your losses for the TFSA.

but not having to pay taxes for capital gains (if you are lucky enough) is better than having to pay any taxes. =)

[color_wolf]

anyone know anything about CXAC. It is traded in the US markets. I am hearing some big movement potential due to new commericals that will be broadcast in the states. It is currently sitting at $0.0008 and I think it can hit .003 in the near future.

[Scudz]

Anyone getting skiddish about the tech sector? It looks like things are poised to take a correction. I'm thinking of shorting Dell, AMD, or IBM. Also, anyone see a double top forming with AMD?

I'll probably short 2 of the 3. Looks like there is room for a 10-30% return over 2-4 weeks. Anyone have a different viewpoint?

The only difference is Apple, but I'm thinking the market makers are just letting the market climb a little higher before they hammer the price down. Looking for high volume with low spread over a few days.

[Carl Johnson]

There are still some of the other tech giants haven't reported yet like MSFT HPQ AMZN. I wouldn't get too crazy about shorting.

Unless the market breaks previous lows on the daily time frame which there is a lot support below, nothing suggest to me the dip won't be bought this time.

[andrei]

anyone know anything about CXAC. It is traded in the US markets. I am hearing some big movement potential due to new commericals that will be broadcast in the states. It is currently sitting at $0.0008 and I think it can hit .003 in the near future.

I don't know too much about this stock but it seems like it has great potential... Very tempted to get in at .0007

[7seven]

So the news on holes 2, 3, 4 and 5 have been delayed on CAN, however I wouldn't be surprised to see it out tomorrow ;) In the past week I think we've seen some ppl get tired of waiting and leave, however I expect to see good results showing more gold. Question is how much profit takers we get. Either way, I'm in the money from in at .10, .145 and .325.

Long run I can see CAN following the same path as VEN.

[7seven]

mmmm news out early http://www.marketwire.com/press-release/Canaco-Resources-Inc-TSX-VENTURE-CAN-1064111.html

Good news is that they keep finding more gold, but as expected, profit taking right now, be patient.

Graph showing gold intercepts http://www.corebox.net/properties/magambazi/index.php?deposit=473

[1.7El_guy]

took this opportunity to buy in at 0.45 as a spec play :thumbsup:

[Carl Johnson]

what a quarter for AMZN, looks like consumer is not dead after all.

[Carl Johnson]

Anyone getting skiddish about the tech sector? It looks like things are poised to take a correction. I'm thinking of shorting Dell, AMD, or IBM. Also, anyone see a double top forming with AMD?

I'll probably short 2 of the 3. Looks like there is room for a 10-30% return over 2-4 weeks. Anyone have a different viewpoint?

The only difference is Apple, but I'm thinking the market makers are just letting the market climb a little higher before they hammer the price down. Looking for high volume with low spread over a few days.

See what I mean when bears try to pick a top and get run over by a freight train? A lot of bears got their head handed to them already but some of them still holding on praying the market takes a dive all the sudden. You don't want to be one of them.

[Scudz]

See what I mean when bears try to pick a top and get run over by a freight train? A lot of bears got their head handed to them already but some of them still holding on praying the market takes a dive all the sudden. You don't want to be one of them.

I don't jump in with my eyes closed and hope for the best. I still maintain to the fact that the tech stocks that I quoted look ready to fall. Today is merely a temporary set back.

To answer your curiosity, I didn't actually get in. My indicators weren't fully confirmed. I also wouldn't have gone all as I like pyramid. The more the price acts my way, the more I go in.

If I'm wrong, then I'm wrong. I can't be right 100% of the time.

[subordinate]

took this opportunity to buy in at 0.45 as a spec play :thumbsup:

I hope you remember the news release about the 2nd tranche financing closing and the holding period expiry date coming up.

''a total of 40 million units at five cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant. One full warrant will entitle the holder to acquire one common share at seven cents per share in the first year and 10 cents per share in the second year.''

So on Oct 27th, you have millions of cheap stock (at 5cents; Current share price is .42cents) flooding the market.

[1.7El_guy]

thanks for the heads up

[Scudz]

Today would've been a nice day to start shorting my stocks. Too bad I was asleep. :D

Mark my words! Down I say! DOWN DOWN DOWN!

[andrei]

Any hot penny stocks for the week coming up?

[subordinate]

Off the top of my head,

Dec/MTB [Gold mainly]

News will be out on Monday on a couple of holes. No doubt that many people will be looking to see if continuity of the mineralization is there, as the past hole results have been great.

If it's good news on Monday, look for all the area plays to follow in suit, there's the Aux-v, Nka-v, etc.

[Synarchist]

ouch

[subordinate]

Definitely ouch, not to mention gold fell and the markets in general were down added further pressure on the stock. Anyways, still about 15 more holes to be released in the upcoming weeks.

That's the penny stock market, huge volatility.

[no_clue]

Any hot penny stocks for the week coming up?

Try CIT, FNM, FRE

They all have huge risks
CIT is a huge gamble, they're still deciding if they want to go into pre-packaged bankruptcy or restructure + debt swap. The deadline is due November 5. If there is good news, then up up and away! If not, then kiss your stock good-bye

[!LittleDragon]

CIT made me quite a bit a few months back but damn... seems I haven't been able to pick a winner this entire month..

[no_clue]

CIT made me quite a bit a few months back but damn... seems I haven't been able to pick a winner this entire month..

Was it when it dropped to .30cents only to rise back up to 1.60?
Then I rode the wave with you haha

[no_clue]

Anyone know a brokerage that can trade on a Pink sheet company?
Credential doesn't let you
missed out on XMDC today damn...........

[xtension]

Anyone know a brokerage that can trade on a Pink sheet company?
Credential doesn't let you
missed out on XMDC today damn...........

i'm looking for a broker that allows me to trade in asia markets as well as north american markets and have reasonable commission rates.

also hoping i can also tie in the investing with a TFSA. if anyone knows any, please PM me.

[604_Snooze]

Interactive Brokers, a few people here use that online broker.
can trade asia and NA stocks

[Scudz]

Goog announced release of free turn-by-turn gps. Garmin and other gps companies took a hit. Grmn went 15% down. And know what's funny? Google didn't move up! In fact, I give it 1-2 days before it starts to fall like the other stocks. AMD, IBM, Dell has given me a nice 7% return so far.

Anyone bearish with me?

[British Quid]

I heard the US Treasury is going to hold something like the biggest bond auction in history this week. Normally, the US dollar mysteriously rallies ahead of those sales, and stocks get sold off, as does gold. Thus, we are seeing a flight to cash and the stronger US Dollar for this reason.

After all, the bonds needs to be spit-shined up and polished for any buyers who are silly enough to consider them...

[willcls]

lol just as the fed announces their ending bond purchase program. rates are going up!
TBT should be a buy and hold now. Reserve bank of Australia increased their rate, norway, i think isreal too. BoJ and the Fed should be the last ones to increase rates im guessing. We are finally in a rising rate cycle. The wind is in sails of the bulls for sure.

any options players wanna join me in CVX 80 nov calls? earnings play just a spec play not much at stake so i dont lose or win much

[g35x]

What do you guys think of the LLL.TO stock? Lululemon

[soymilk]

Any thoughts on TSE income funds? Such as (KEG.UN). They pay out 1% in dividends every month

[subordinate]

NDR-V, a play I am looking at. Heavily undervalued to a similar play near them called DRI-V.

NDR-V is around the area of the Aurelian discovery (later acquired by Kinross).

NDR-V = 4.3 mill market cap with 33 million o/s shares.

DRI-V = 44 mill market cap with about 52 million o/s shares.

[subordinate]

With kinross finally getting their long awaited permits to drill again on their Fruta Del Norte Property in Ecuador (About 13.5 mill ozs of Gold), Looks for the other area plays to get their permits as well.

In general, these area plays should fair well.

You have: [As of November 11th]

*SRL-V at $1.00/share
*EC-V at $0.74/share
*DRI-V at $0.87/share
*NDR-V at $0.14/share
*CGP-V at $0.17/share

IMO, EC-V (Ecometals) is the best risk/reward play, being adjacent to the discovery hole, and drills ready on the permits approval.

2nd - SRL-V, Because they are further from the discovery hole, but past drilling has come up with some solid results. And drills are ready upon permits approval.

Then you have DRI, NDR, CGP, which are really just spec plays that will follow the movement and activity of Kinross/EC/SRL results and price movement.

If you're looking for the quickest double from here, I would put my money on NDR.


The other big risk factor: Market Turbulance.
The markets tumble again as people realize the economy hasn't really all that improved.

[l4d2_sarge]

tmi blowout earnings this afternoon and up 20% AH today. Watch for some huge action this week, im long at 9.20.

[no_clue]

bought air canada shares (AC.B) at 1.05
31% gain so far :)
I think 4Q and 1Q results will be good due to the olympics
and then sell sell sell!

oh and anyone using a blackberry know how to log into questrade?

[leilomo]

looks like the market is turning again for a little bear run. anyone think FAZ might be a good short term play? just got a couple hundy shares...

[TRDood]

looks like the market is turning again for a little bear run. anyone think FAZ might be a good short term play? just got a couple hundy shares...

be prepared for one hell of a ride.
it can rip you another asshole anytime =)

[g35x]

What do you guys think of ECA.TO? Went down to $56.60 today..seems like a good time to get in.. Opinions any1?

[Yushimi]

Anyone know a good Blackberry app thing to allow trading through the BB? Been looking for a decent reliable one lolz. I can't have the laptop with me everywhere at school but BB can let me do that :)

Starting to jump onto the currency trading soon. I'm hoping the olympics will do something positive lolz

[1.7El_guy]

looks like the market is turning again for a little bear run. anyone think FAZ might be a good short term play? just got a couple hundy shares...

im still holding mine at $27bucks...i just wanna breakeven and get out of that stock but that would take the big correction everyone been waiting for

faz sucks...tza is so much better.

[Scudz]

Anyone know a good Blackberry app thing to allow trading through the BB? Been looking for a decent reliable one lolz. I can't have the laptop with me everywhere at school but BB can let me do that :)

Starting to jump onto the currency trading soon. I'm hoping the olympics will do something positive lolz

TOS has a mobile equities trading, but for forex and futures, you have to be a US residence to use their service. Oanda allows for forex mobile trading.


I'm actually currently looking into this. I switched to the bold from the Iphone and am now regretting it. Don't get me wrong, I love the BB and the BBM features, but their remote desktop app is nothing like the Iphone counter part. I was thinking of looking at charts and stuff through my phone on my desktop and make trades that way.

[Yushimi]

TOS has a mobile equities trading, but for forex and futures, you have to be a US residence to use their service. Oanda allows for forex mobile trading.


I'm actually currently looking into this. I switched to the bold from the Iphone and am now regretting it. Don't get me wrong, I love the BB and the BBM features, but their remote desktop app is nothing like the Iphone counter part. I was thinking of looking at charts and stuff through my phone on my desktop and make trades that way.

TradeFreedom? I heard that's not too bad either. Anyone have any experience with them?

I'm switching between the iPhone and BB, depending if I find a good app, I might just stick to the BB and use the iPhone as an iTouch or...have two lines..again lolz.

[no_clue]

tradefreedom sucks from my experience
sent them a cheque, 2 weeks later they still haven deposited it
so I called, and was put on hold forever
so I just did a stop payment and went to questrade
questrade is very good, but I cant log in on a blackberry ugh

[leilomo]

where does everybody think natural gas will go in the short term. prices have taken a beating this year, and with the cold weather just around the corner inventories should finally drop a little thus shoring up the natural gas price? comments? Personally, i think it is a good time to buy some now...possibly HNU?

[subordinate]

Natural Gas - Companies are always finding more of it. Even now, companies have found huge reserves in Canada/USA alone, in the form of shale gas.

The natural gas supplies are maxed out already.

You are going to have to expect a really long winter to impact the gas reserves.


Why buy Natural gas when Gold and other commodities are doing great.

Why beat the trend? Follow it.

[g35x]

In terms of Gold.. I was looking at ABX.TO and K.TO mainly, kinda feel like its a bit too high now already.. ANy opinions?

Natural Gas - Companies are always finding more of it. Even now, companies have found huge reserves in Canada/USA alone, in the form of shale gas.

The natural gas supplies are maxed out already.

You are going to have to expect a really long winter to impact the gas reserves.


Why buy Natural gas when Gold and other commodities are doing great.

Why beat the trend? Follow it.

[subordinate]

In terms of Gold.. I was looking at ABX.TO and K.TO mainly, kinda feel like its a bit too high now already.. ANy opinions?

I don't know too much about those companies, only a bit about K.TO. Kinross has some room to go as Ecuador gave them a permit for mining again, allowing them to resume drilling at the huge high grade gold discovery.

Regardless, all large cap gold stocks would go up if the underlying metal, gold, continues its hot streak, as profit margins will only be greater.

Will it continue to go up? or Down? Your guess is as good as mine.

But 2cents, Gold is in historical highs, caused by what? The devaluing of the greenback, and countries buying gold for their reserves. One thing is for sure, USA won't let their dollar devalue too much.

All and All, Everything in this market is volatile, analysts are saying the markets are overvalued, etc, blah, blah.



If this position in either ABX/K.TO is a Long position, then I say take a small position and add on dips. If this is a short-term investment, don't bother. IMO

[subordinate]

Heads up on Coalcorp Mining, looks like they are finally getting their Sh#@ together.

Although it has more than doubled, and warrants (all 3 classes I think), I still believe their is further upside potential.

I will probably take a position in it soon. Most likely in the warrants, class B, expiry in 2013 with a exercise price of $2.50.

Current Prices:

CCJ.TO - 0.345
CCJ.WT/B.TO - 0.045

[leilomo]

ok, so with this whole deal with dubai world not being able to pay back their loans, what does everybody think will happen in the market tomorrow? thinking about buying some more faz and holding for a couple days until the dust settles. also, seems like natural gas prices are making a turn for the better :)

[subordinate]

ok, so with this whole deal with dubai world not being able to pay back their loans, what does everybody think will happen in the market tomorrow? thinking about buying some more faz and holding for a couple days until the dust settles. also, seems like natural gas prices are making a turn for the better :)

+1, that the Dubai news have probably given investors the realization that the economy hasn't really all that improved.

Just remember, prices fall faster than they rise.

And yeah, I picked up some financial bear ETF's as well today.

-------------

Dow Futures down just over 204 points

and Asian Indices in a sea of red.

[Carl Johnson]

Dubai is an outlier so I wouldn't say the economic recovery we had so far this year all come crashing down just because those guys defaulted on their loan. If it was China or something I'd give some weight but they had it coming all along. The tallest building, 7-Star hotel, biggest theme park in the world, and ski resort in the middle of a desert? Come on, if you want to know what an asset bubble looks like, look no further than Dubai.

[TRDood]

yea, i heard the news last night, didn't think the market would over react like this.

[Jackwimmer]

hopefully i can pick more some more shares of stocks at lower costs cause of this :)

[leilomo]

fuck, got into faz too late and lost some money on that trade. it seems to me that the market is dismissing the news; however, it being an abbreviated day, do you guys think the market will make a full reaction to the dubai news then (ie financials, markets go down even more?) or will it boil over and continue its resurgence to the upside. people seem to be buying on the dip here.

[leilomo]

btw, anybody here still holding can.v? has made a nice move since the .3x's (thanks 7even!!), but doesn't seem to be going anywhere lately. anybody know anything about this stock?

[leilomo]

heads up on gryphon gold corp (ggn.to)...they're set to produce 50,000oz of gold/year in roughly 6-7 months if they can get enough financing for the construction of the site. thinking it might be a good time to get in now if they actually do start producing at this site. here's the link to the article http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=27674936&l=0&r=0&s=GGN&t=LIST

[subordinate]

Just wanted to share this guy's free charts on Stockcharts

Link: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID530404&cmd=show[s47184904]&disp=O

He's a good chartist, for each area, i.e Gold, he'll use more than one chart to base his decision on, for example the Gold ETF's in both Canada and US.

By using more than one gauge to measure his opinion on, I think its more accurate at forecasting in a way.

If you look at the Growth Sector Bear/Bull, the MACD's have already crossed or are about to cross.

I'd be cautious at this point.

[subordinate]

In general, these area plays should fair well.

You have: [As of November 11th]

*SRL-V at $1.00/share
*EC-V at $0.74/share
*DRI-V at $0.87/share
*NDR-V at $0.14/share
*CGP-V at $0.17/share



Get in these plays?


Today's price.

SRL - 1.10/share
EC - .96/share
DRI - .85/share
NDR - .20/share
CGP - .15/share

And CCJ.WT.B - Called it at .045cents, now at .085cents

-------------

FYI....Cex-v at 0.12cents currently, a shale gas play in New Brunswick, has land package near Corridor Resources, which announced vertical drilling results of about 4 mmsf/day which is really good, with horizontal drilling techniques, they should be able to recover more than 4mmsf/day.

[!LittleDragon]

Curious if anyone uses or has tried http://www.freestockcharts.com

I've been using them for my daily charts for a while now.

[Ulic Qel-Droma]

Curious if anyone uses or has tried http://www.freestockcharts.com

I've been using them for my daily charts for a while now.

wow this is really nice for free charts.

[hirevtuner]

gold drop substantial today, possible buy gold stock soon

[dbc]

freestockcharts is horrible for real time though. don't trade based on it. volume and candles are way off.

[leilomo]

anybody banking on a santa claus rally this year? markets been trading sideways for a while now...

[7seven]

Very busy morning so far :thumbsup: CAN and VTR with more great drill results, funny thing is VTR is up over 70% while CAN is up only 5% with better results

http://www.marketwire.com/press-release/Canaco-Resources-Inc-TSX-VENTURE-CAN-1091537.html

http://www.kitco.com/pr/2522/article_12162009095638.pdf

[subordinate]

Very nice 7seven,

I think VTR moved that much was because of their results showed clear cut straight mineralization from the top to when the drill ended. And with decent grades. Because of that, cheaper/efficient to mine.

[StaxBundlez]

wow this is really nice for free charts.

this is another great one

http://finviz.com/

[Hollyshiit]

havent posted for a while be happy 2010 all

A rising tide lifts all ships, our goal is to be on that most
profitable and fundamentally sound vessle, before the tide comes so we
can outperform.. and it will
As a result, I have looked into few shipping company thus far..
which included Drys, Exm, Dsx
Now i have narrowed my pick down to two, which is Dsx and Exm
After reading this post, can you guys give me a suggestion as to which
company to choose and why?
First i will start with EXM
I thought Exm is very interesting because ytd, 9 months for 2009, the
company has neted about 258 mill with about 80million shares
outstanding . because it had a one-time sales event , so their actual
earnings for the 9 months of 2009 would be 238.8
with todays trading price of 6.28 x 80 mill shares (market cap of
502.4 mill) which gives it a PE of about 2 but if we included the
guesstimate earnings for the next Q, we would be getting a P/E of less
then 2 going forward. Exm currently has 47 carrier with the capacity
of 3.9 million dwt. The average age for these vessels are 9.4 years
old The vessel utilization rate is 96.7%
With regards to exm's financial health
Total asset 3.3billion
total Debt 1.89
with Share holders equity of 1.418 billion ( The debt to equity ratio
gave me the spooks) this was my only negative about this company
link to their 3rd q presentation
http://www.irwebpage.com/excelmaritime/ir_webcast_2009-3Q.html
This is where it gets attractive. The company has a market cap of
502.4 million which means its trading at 35% of not OFF equity or book
value
We can be more conservative and mark down exm's total asset by 25 %
which would be total asset of 1.980 billion minus the total debt of
1322mill , we still get shareholders equity of 585 million, which is
still below book value.
Their cash on hand atm is about 172.5m which is about 2.15 per shares
so basically, we are getting the whole company for about 4.13 per
shares
Now Lets discuss Dsx, for diana shipping,
link to Diana shipping
http://www.dianashippinginc.com/default.asp?siteID=1&pageid=75&langid=1
the first 9 months of 2009, Net profit was 93.9 million . Today it is
trading at 14.6 per share with 80.5 mill outstanding, with a market
cap of 1.175 billion
if we take the avg of the 9 months earnings divided by 3, and add it
out to the previos 9 months earnings which give it a guesstimate of
125 million projection for fiscal of 2009, it would be a 9.38 P/E
going forward
but From the looks of the financial statements, right of the bat, I
can see a really strong balance sheet
It has Total asset of 1.278 billions (this is where it impresses me)
Dsx is holding about 251 million in cash so which means it can pay off
almost all debts
with total debt of 307 million
which leaves share holder equity of 970.1 million with 80.5 million
shares outstanding
which gives it a 12.04 per share of equity. and its trading at 14.6
per share, so very close to book value
Diana shipping is holding 251.6 million of cash which is about 3.14
per share in cash
This company has 19 dry bulk with 2.3 million dwt of capacity with an
average vessel of about 5 years old with utilazation rate of 99.7
So now, the question is,
for exm, Better earnings, Way below book value, selling at 2 times
earning,lots of debt and a older fleet of vessles
for Dsx, way cleaner balance sheet, Younger crew of vessel, higher
utilization rate, less earnings, and more expensive company as a whole
I wont go deep in details into drys in detail because, the company is
still lossing money and the company is high on leverage but cannot
igonre the fact that it is the biggest company in the dry bulk section
and even drills oil.
So RSers, pls tell me which shipping company would make a
better investment veichle and why?
Thx again and if you feel like the way im looking at these companies
are wrong, pls feel free to correct me.
Best regards,
hollyshiit

[Hollyshiit]

Hi All,
I have decided to break down Drys 's operation as well since i got
time in the office, dont wanna leave you guys hanging now.
link to the q3 results
http://www.irwebpage.com/dryships/ir_webcast_2009-3Q.html
First, I will break down drys operation, It operates drk bulk
transportation, ultra deep water and 4 drill ships.
It has 296 million shares outstanding, and trading at 5.89 which gives
it a market cap of 1.75 billion
under contract, the company should have revenue of 599million, 671
million and 829 million for 2009,2010,2011
we will take 2010 for an example, base on the shares outstanding, we
would be getting a 2.6 times earnings for 2010 which is a PE of 2.11
and for 2011 (pls note, these are only projections)
Lets take a look into their financial statements
It has total asset of 5.4 billion of the 5.4 billion, 4.63 of that is
fixed asset, and 623 million in cash and restricted cash and about 96
million in accounts recieveable and other asselt so (about 2.08 per
share in cash)
and 2.74 billion of liability
with equity of 2.66 billion
Which means, The company at the moment is trading at 65% of book value
still relativley cheap and but not as cheap compare to EXM
If we are conservative and mark down drys current asset by 25% which
would give us 4199 of total asset with shareholder equity of 1.539
billion, a little bit over the trading price of 1.747 billion
So are these shipping companies really under value or are they value
traps?
Best regards,
hollyshiit

[Jackwimmer]

dryships is a joke

[Hollyshiit]

those shiipping companies are breaking out like a fat zit
should i wait it out or hop back in?
advise?

[leilomo]

wondering what everybody's position is with the last 2 days registering pretty impressive gains. are you looking to take profit or are you guys gonna ride it out through 1st quarter earnings?

as for me, i think i will take a bit of money out after today on expected selling in the next 1 or 2 trading sessions.

recently, i've been putting most of my money into commodities, mainly copper related mining stocks such as lun.to, s.to, tgb and they have served me quite well; also been putting money in financials. pretty heavy into lyg and citi now. looking to ride these guys up until earnings and taking some profit here.

how is everybody else playing the market these days?

opinions appreciated. thanks :)

[Hollyshiit]

nice gain on lyg n c leilomo...

i took some profit off the table from the unexpected jump from the airlines...
but still holding some shares in bcs,lyg,lcc and exm
will see how the rest of the week proceed n move on from there....

cheers!

[will068]

those shiipping companies are breaking out like a fat zit
should i wait it out or hop back in?
advise?

The shipping companies ride the wave of the economy. I was following start bulk and paragon shipping last year. Their fundamentals showed they never really consistently beat the previous quarters. Thus, it's been a sideways for these shipping companies for most of 2009

[Hollyshiit]

^Right sector at the wrong time...

lot of these dry bulk companies are trading at 2-3 times earnings

think of it like a savings account that could double you up..

[TRDood]

i pulled out of HOU last week just before the long weekend.

oh well.

[1.7El_guy]

i pulled out of HNU yesterday morning...missed out on today's impressive gain.

Im in dryship and all week long i was trying to hop over to exm when they were 30-50cents apart, now exm is like 70cents apart. even though im still in the profit with drys, exm looks like a better bet.

Dont really have a detailed assessment on these company so cant say...if the drybulk sector takes off, maybe DRYS will take back the lead.. as long as the CEO stays away from the "shares offering button".

[Hollyshiit]

^ might be a pull back today in the shippers...

Cant wait to load up...

[Hollyshiit]

base on ta, exm in currently on a down trend. its trading below its 200 moving average. Base on Rsi, it just touch the over bought zone. RSI is pointing downards, indicating that its in a sell off mode. Base on moving averages, the 10 day avg is about to cross the 30 days moving avg. with todays candles stick its looking like its forming a doji, suggesting a short term reversal. tomorrow could be a sell off ...

but base on fundamentals, exm is still selling below share holders equity value.. selling at 565 million..

i would wait for the indicators to tell me its on the next uptrend then load up n back up the truck for mid tbelow 6.5 if it gets there...

disclosure, im long exm till at least end of this year at least

Best regards,

Hollyshitt....

[1.7El_guy]

if we do get some sort of recovery this year...expect these shipping company to fly off the roof..just today we saw people switching positions over to the financial sector...maybe one day they will switch over to the shipping sector.

[Jackwimmer]

i think theres better places to put ur money besides DRYS

[StaxBundlez]

haha looks like AIG is in a little bit of hot water.. Timothy Geithner got some explaining to do.

[subordinate]

NDR - Closed today at 0.255.

Still holding strong, heavily undervalued to DRI-V

------------

Heads up on these shale gas plays, looks like its heating up again.

i.e

CQM-V
CEX-V
ATI-V
PEA-V
GMR-V

Et Cetera

[Hollyshiit]

hi all, funny how i go on the internet and askes for advice but i realize i do find alot of intellects here on RS so wth, but here is the scenarios

im about to make an acquisition, a controlling interest in a privately held (non-publicly traded) logistics company over here in hk... i would value some on ur insights here as to what kind of little in n outs i should watch out for, before i make this acquisition...

some pointers, opinions would really be appreciated..

Best regards,

Hollyshiit

[Wetordry]

- get audited statments
- hire your own auditors to look through the books

[Hollyshiit]

noted with thx dy..
i will hire auditors do so, but when i do get the statements, i will cc a copy to u, will u help me look thur them as well?

Best regards,
Hollyshiit

[waddy41]

Hollyshiit
I think if you have to ask those questions, then you're not ready to make that acquisition.

[subordinate]

noted with thx dy..
i will hire auditors do so, but when i do get the statements, i will cc a copy to u, will u help me look thur them as well?

Best regards,
Hollyshiit

................??

Why have WetorDry look them over?

You are having paid auditors a couple of grand to look over the company's financial statements, these guys get paid to do this; they are knowledgeable in this area.

Hell, Aside from seeing if the financial are accurate and complete, you have to see the cash flow statement. Any viable business needs to be pulling in a positive cash flow from their operating side.

How much debt to these guys have? If you are taking a controlling interest, then you might be on the hook for these debts.

Any contractual obligations? Tied to the debt the company may have?

We know this is privately-held, but is it a partnership? Incorporated?

If they have an AR account, whats their turnover, and compare it to the standard in the Industry.



What I am trying to get at is, there are tons of areas you have to look at.

And looking for answers here is good insight and all, but really, this should be left to the professionals: auditors, accountants, and lawyers.

[Hollyshiit]

Thx for ur advice...

i asked wetordry to look over them because he is childhood friend of mine and a ca..

btw what is an AR account?



................??

Why have WetorDry look them over?

You are having paid auditors a couple of grand to look over the company's financial statements, these guys get paid to do this; they are knowledgeable in this area.

Hell, Aside from seeing if the financial are accurate and complete, you have to see the cash flow statement. Any viable business needs to be pulling in a positive cash flow from their operating side.

How much debt to these guys have? If you are taking a controlling interest, then you might be on the hook for these debts.

Any contractual obligations? Tied to the debt the company may have?

We know this is privately-held, but is it a partnership? Incorporated?

If they have an AR account, whats their turnover, and compare it to the standard in the Industry.



What I am trying to get at is, there are tons of areas you have to look at.

And looking for answers here is good insight and all, but really, this should be left to the professionals: auditors, accountants, and lawyers.

[subordinate]

lol, didn't know it was your friend, and on top of that, a CA.

AR = Account Receivable account

[subordinate]

As I mentioned in previous posts,

Be on the watch for CQM-V (@ $1.00/share): A shale gas play in the prolific Utica Shale region.

Why the reward/risk is VERY favourable.

- A report from consultants on how much gas is on their property is in the process, this will be used as a direct comparison to a similar report done by the same company on Questerre Energy. (And, in terms of net acres, CQM is already at a discount )

- J.Venture with Talisman and QEC (CQM has a 3.75 working interest and a .75% royalty) on a well that is in the drilling process, ETA is in about 13 more days.
- if this horizontal well is successful, watch out.

- Insider ownership is over 35%, so you have a tight float, so price movement can be volatile (Good and bad, depends how one sees it)

[leilomo]

seeing at how it's gone up around 100% in the last 5-6 trading days or so, do you think people will start taking profit on this stock or will this keep going up in the mean time?

think it'll dip before it goes up again? waht are your thoughts for a near term buy?

[subordinate]

seeing at how it's gone up around 100% in the last 5-6 trading days or so, do you think people will start taking profit on this stock or will this keep going up in the mean time?

think it'll dip before it goes up again? waht are your thoughts for a near term buy?


It could possibly fill the gap left when it gapped up at 90cents. So there is a chance the stock could retrace to 90cents. (keep in mind it also gapped up twice already, and did not retrace)

Keep in mind insiders hold a very large chunk of this stock.

And some key information (the consultant report and the #2 horizontal well) will be released near the end of January (projected).

I think the current prices of a dollar is a good buy.

I saw what happen during the initial Utica shale discovery, all the plays in the area moved up to Considerable levels, it was insanity.


--------

I just think, at current prices, CQM is a good reward/risk situation. It won't be a dried turd for months.

If the horizontal well is proven successful...this thing will move fast. Then again, it can also go down.

[leilomo]

thanks. i'll keep my eyes on this stock and see what it does in the next few days.

on another note, what are everybody's thoughts on the financial sector? obama's planning on taxing the banks now, but with earnings coming up (expected to beat...hopefully) i have no idea which way these stocks are going to go. i've loaded up pretty heavy on citi and bank of america. i know in a 1-2 year time frame i'll be able to get some good gains, but i dont know if i have the guts to hold it through this time of volatility.

[no_clue]

thanks. i'll keep my eyes on this stock and see what it does in the next few days.

on another note, what are everybody's thoughts on the financial sector? obama's planning on taxing the banks now, but with earnings coming up (expected to beat...hopefully) i have no idea which way these stocks are going to go. i've loaded up pretty heavy on citi and bank of america. i know in a 1-2 year time frame i'll be able to get some good gains, but i dont know if i have the guts to hold it through this time of volatility.

I think Citi will tank when they release their quarterly report jan 19 because of the lackluster performance of their citi holdings group. Anyone see that 9% drop of Electronic Arts? they got owned. Wonder if I should buy in.....
Anyone know of upcoming good EA games besides mass effect? lol

[subordinate]

thanks. i'll keep my eyes on this stock and see what it does in the next few days.




Heads up, CQM is only holding steady at a Dollar/share right now only because of that Iceberg seller by Anon. (Questerre is up 8%) and CQM is slightly down.


I'm in. These cases are usually good times to buy a stock when an iceberg seller suddenly comes in to slow down the upward movement of a stock, and usually when it the Iceberg seller is out of shares, it'll move up strong. IMO

[subordinate]

Heads up, CQM is only holding steady at a Dollar/share right now only because of that Iceberg seller by Anon. (Questerre is up 8%) and CQM is slightly down.


I'm in. These cases are usually good times to buy a stock when an iceberg seller suddenly comes in to slow down the upward movement of a stock, and usually when it the Iceberg seller is out of shares, it'll move up strong. IMO

--------------

Edit: Spoke too soon, in a minute after I posted, National Bank took the iceberg seller down and it's up 15% now.

[leilomo]

whoa! good call on cqm, sub...

think it's time to take some profit off the table? watching these penny stocks for a while, it seems people usually take profit after a huge pop

[subordinate]

Sometimes its good to not look at the chart, since it will only give a person further evidence that a pullback is probable. It's the fundamentals that matters, and upcoming events wouldn't hurt as well.

I still think at these prices, CQM will do great. One thing to consider is that, this will be a mover when news is good, or confirms the commerciability of the Utica shale, which many believe is (Forest Oil and Talisman (Multi-billion dollar companies) backs up the case).

I hate to give stock price predictions, because anything can happen, especially when its a small cap stock, but I wouldn't be surprised if this hit 2 dollars in a month. [It also does not hurt that the RSI and MACD are bullish on further upward movement from here, all we need really is volume to make it happen]

---------------------------


On a side note, NDR-V closed at .25cents (from the .17 cents mentioned a month and a half ago).

[leilomo]

anybody have shares in taseko mines? they just got their epa approval from the bc gov today and it popped up huge today in after hours. hopefully it carries over to the next trading day.

i'm thinking there will be some profit taking here, but after that, i think it'll be a good place to buy for the long term.

[subordinate]

anybody have shares in taseko mines? they just got their epa approval from the bc gov today and it popped up huge today in after hours. hopefully it carries over to the next trading day.

i'm thinking there will be some profit taking here, but after that, i think it'll be a good place to buy for the long term.


Nice gains by Taseko!


And a heads up, the Utica Shale plays are going to be heating up with news coming out from some of the area players on drilling results.

Here they are again;

QEC - $ 3.88/share
CQM - $ 1.15/share
JNX - $1.73/share
GMR - $ 0.60/share
PCQ - $ 0.35/share
ATI - $ 0.54/share

- The potential gas underneath these plays is tremendous. I wouldn't doubt that many big players are waiting to see the results of the drilling to start JV's, or Takeovers.

- Why I think any of the plays I listed above will go up in the next month? The odds of just one good drill result from any of the shale gas plays will ignite the entire area.

[subordinate]

Whoa, I was not expecting to see all of them go up around 10% today.

------------------


Heads up on XT-V, another Shale gas play in the area, less risk associated with it, because its' current assets are essentially equal to a book value of .40/share. The current share price today is .45cents/share.


Shares o/s is just over 11 mill.

Look for this stock to play the catch up game.

[subordinate]

Well that was a nice initial open for CQM, with a high of day of 1.48 (Mentioned at $1/share, then settling down to 1.34 cents. If anyone gives CQM-V a brief look, they will notice that there is not much resistance until $ 3 dollars/share. IMO.


Heads up, GMR (a play in the region) will be releasing results this week, which will impact the entire region.

Here's an piece from an old News Release:


Gastem: Directors and Officers Flow-Through Private Placement for $93,005
Gastem Inc GMR
12/31/2009 2:27:01 PM
MONTREAL, QUEBEC, Dec 31, 2009 (MARKETWIRE via COMTEX News Network) --

Gastem (TSX VENTURE: GMR) is pleased to announce that it has closed a $93,005 flow-through private placement for directors, officers and friends equal to 143,085 Units at a price of $0.65 per Flow-Through Unit. Each Flow-Through Unit consists of one flow-through common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one non-flow-through common share at a price of $0.85 per share for a period of 18 months from the closing.

The Offering was made to directors, officers and friends within the meaning of National Instrument 45-106 in the Province of Quebec. The closing is subject to the completion of formal documentation and receipt of Regulatory approval including the approval of the TSX-V. There was no commission paid for this private placement.



Getting their friends/family in before the run??? (Possibly know something that they aren't telling?) IMO. This is the venture exchange......where the crooks make their bread and butter.


And please don't just jump into any of these plays because of some guy on the internet spewing some information, do your own DD (Due Diligence)
-------------------------

For NDR-V, closed today at .285, not bad since mentioning it at .17cents (1.5 months ago.

Too bad I sold everything at .24/share to position myself more in the Utica plays. I took the gamble simply because of risk/reward ratio, where the possible rewards was very attractive.

If money is gained, a simple reentry into the Kinross FDN plays will be my next strategy since Kinross will be releasing results fairly soon, as well as Eco metals.

[leilomo]

absolutely painful day in the market today...hopefully it's not the beginning of the "correction" that we've all been hearing about.

subordinate - great call on cqm.v and the utica plays recently. looks like theres a bit of profit taking or maybe it's just an overal flowover effect from the general market. possibly a good time to buy more shares. do you know when they are going to announce the drill results?

btw - what does everyone think of financials?

[!LittleDragon]

absolutely painful day in the market today...hopefully it's not the beginning of the "correction" that we've all been hearing about.


I think it may very well be. I haven't purchased a stock for weeks and have done nothing but sold. It's not that I don't want to buy anything, I can't find anything to buy. When I read charts, the first thing I look at is the stochastics, then I try to confirm with MACD/histogram and candlestick formations. Everyday, I try to find something to buy but charts are telling me most stocks are overbought and have been for a while now.

[clowe]

Any thoughts on the gold stocks? ABX and Goldcorp pretty much fell back to their October levels in the last couple of days with gold still over $1100 :eek:

[leilomo]

cqm.v on a bit of a slide these last 3 trading sessions. is it because of lack of news or profit taking? or does someone know something that we don't?
sub - whats your take?

[subordinate]

I think it's purely based on the current conditions of the stock market. We have had 3 decent down days in a row. Stocks then generally get pushed down.

In addition, the downward movement is also likely compounded by nervous retail investors selling, locking in profits, thinking there is a major correction in the markets happening soon. I'm not fully convinced yet.

I am still holding.

----------------


FYI, The gap on CQM at 1.15cents is closed now, so 1.15/share is a pretty good support here, that's if the markets don't go free falling from here.

[leilomo]

monday is going to be a pretty critical day here.

usually we see pretty bullish movements on mondays due to mutual funds buying in. if this doesn't even happen, then we should be reaally cautious of the market - if it falls further on monday, i'll be taking all my money off the table, and i advise that the rest of you folks should probably consider this too. i predict that the dow will probably fall to around the 9000-9500 level before going back up again. imho.

technically, things are very oversold now - it just a matter of getting some good economic news into the system that should push things up.

what does everyone else think? there must be more people in here...

[wouwou]

people here, except when you have a new born, there is no freaking way to trade stocks.

Not during regular hours.

[Carl Johnson]

Don't be like one of the dumb analyst came on TV in September 08 and said buy into the bank stocks because the market is "oversold". Market can remain oversold longer than you can remain in solvent.

[StaxBundlez]

Don't be like one of the dumb analyst came on TV in September 08 and said buy into the bank stocks because the market is "oversold". Market can remain oversold longer than you can remain in solvent.

Straight from John Keynes.

I don't trust analysts or economists, hindsight seems to be always 20/20 for them. But than again I don't "invest" but rather trade.

If you guys have time you should pick up a book called The Black Swan by Nicholas Nassim Taleb. It's the follow up to his second book Fooled by Randomness.

If you're a trader this book will make you see things in a different mindset.

This is the guy who doesn't believe in any economic indicators such as like housing starts and consumer spending, which is shocking cause his day job is a hedge fund manager.
He argues against people (analysts, Economists) who claim they can understand the probability of a rare event happening. He hates on banks for using quantitative measures at risk. He also elaborates on using mean variance for risk allocation calling it BS.

You may not agree with everything he says, but regardless it's a fascinating read.

[leilomo]

cqm hitting new intraday lows - time to worry?

[no_clue]

what does everyone think about Air Canada?
Their Q4 results is on Feb 10

Think they'll do good because in winter fuel costs was low, plus all the fares sold for the olympics....

[kwanzor]

how bout NEXM ? anyone good @ chart reading give some insight on it?;)

[Scudz]

how bout NEXM ? anyone good @ chart reading give some insight on it?;)

I'll take a stab at it.

NEXM has a messy ass chart. It's a penny stock and it looks like it gets its share of pumping. Biopharm companies are always fun to short. Especially if you see a spike. Playground for traders but a footshot for investors.

Looks like they've been releasing some fluffy news about their medicine without some results to show. A quick glance at the financials shows that they aren't exactly profitable.

The company had ahuge spike back in the beginning of this year, doubling it's share price from $0.40 to $0.80. Looks like the price couldn't break resistance of $0.75 and now it's falling. I'd look into shorting and put a stoploss at $0.75 with a take profit of maybe $0.40 to $0.30.

Mods, if I'm breaking the rules here, delete this post. Or edit.

Anyways, anyone looking at C? It retraced to a low of $3.15 but I jumped in way before it. In the green now though. Looks like it's going up up up! Hopefully it'll break the $5 and go to $10 or something. :D

[Jackwimmer]

citigroup has like 30 billion shares lol
if it hit 10 dollars, all others banks will probably run up as well
i think bac would be like 40 dollars, jpm would be like 90 bucks...which seems kinda insane
itll probably be like 5-6 dollars max until they do some kind of share buyback or something to reduce all those shares

[no_clue]

I think citigroup is just going up because of its sale of its private equity section.
I think it will hit 3.5 and meet resistance imo. I bought at 3.25 but panicked and sold it at 3.23 loss. I then bought air canada at 1.30 and so far so good. Continental Airline reported good results today and I predict Air Canada will too. But god damn the volume traded on AC is so little

[leilomo]

subordinate - are you still in cqm? looks like they've halted trading for the time being until their report comes out sometime this week...should be interesting to see what'll happen to the SP after the news hits the press. $1.28 @ Close as of 2/5/10.

[subordinate]

subordinate - are you still in cqm? looks like they've halted trading for the time being until their report comes out sometime this week...should be interesting to see what'll happen to the SP after the news hits the press. $1.28 @ Close as of 2/5/10.

Yep, I regret selling some shares 2 weeks ago though.

See the news release?

High today was 1.60 something.

Current S/P $ 1.43/share

---------------------

Did you pick up any Leilomo?

[leilomo]

yep, thanks to your making us aware...did some dd and picked up some at $1.00.

saw the news release today; one thing i don't really understand is how junex (cqm's 50% partner) went up like 12% where as cqm only went up like 7.5%. i think theres definitely more room for cqm to go up, but in this market, who knows.

[subordinate]

yep, thanks to your making us aware...did some dd and picked up some at $1.00.

saw the news release today; one thing i don't really understand is how junex (cqm's 50% partner) went up like 12% where as cqm only went up like 7.5%. i think theres definitely more room for cqm to go up, but in this market, who knows.

Don't quote me on this, but JNX also owns quite a bit of land on similar grounds as the Nicolet permit that was assessed at just over 8 TCF of nat gas.

Not to mention, JNX has a lot of working capital and shares of both PEA-V and GMR-V. So it isn't surprising to me that JNX moved up more, being that they have more upside potential than CQM.

-----------------

The potential that CQM has is significant, Questerre's report had a best estimate of about 4 ish TCF, but don't benchmark QEC to CQM, QEC has other projects in the works.

[gnat.]

what does everyone think about air canada?
i'm extremely new at this, and is looking to invest! pointers anyone?
i JUST started with the simulation program on investopedia.
and i read through the tutorials.

[joquio]

what does everyone think about air canada?
i'm extremely new at this, and is looking to invest! pointers anyone?
i JUST started with the simulation program on investopedia.
and i read through the tutorials.

+1

In for more info on this.
Anyone can me it easier for me how to read the graphs and how to understand the figures?

I tried looking at them but they just give me headaches:cry:

[StaxBundlez]

^depends

you'll read and analyze graphs differently depending on whether you want to 'trade' or 'invest'.. it's relative to how you want to approach the market...

'trading' is more short term and comes down to looking at chart patterns, and technical indicators like stocastics RSI's and MACD's... it can somtimes come down to intraday chart reading which most day traders have to deal with...at that point you'll probably rely very heavily on volume and spreads...

'investing' is much more long term... you'll be reading company financial statements a lot... income statements and balance sheets... paying attention to a lot of earnings reports and quarterly forecasts... dividend yields.. P/E ratios .. EPS.. seeing how much debt a company holds... blah blah blah... you gotta really dig... and pay attention to changes in the company...

i was recommended a book awhile back that i think is worth looking at if you want a decent base for investing.

it's called "warren buffet and the interpretation of financial statements"

yah investopedia is a great way of learning... but if you really wanna understand financial statements... i recommend taking a few accounting courses... even level 1 and 2 accounting courses could teach you some pretty decent pointers...

anyways.. good luck..
fortune favors the brave.

happy hunting.

[gearshifter]

Where is a good place to start for a noob stock investor?

[StaxBundlez]

^
i think i've said this several times on this thread. but i don't mind saying it again.

start a google account

use the finance option

start your own mock portfolio.
pick a bunch of stocks you think will do well over the next couple weeks or months..

check on it daily
that means read and pay attention to the news surrounding it... look at the charts... see if you can make sense of it..
and see how you do

don't forget to always stay in tune with the market... see what effected the price...why it went up.. why it went down.. pay attention to the major indexes and futures.. as well as how euro and asian markets performed over night... (be careful of what you hear on the news... some of it is irrelevant.. sometimes it's just noise)

if it's interesting and you somewhat understand it.. dig deeper..
read some books
browse online finance forums and communities
talk to anyone who has investing experience
or go take some securities courses

you'll be on your way shortly..
GL

[subordinate]

Although NDR-V has fallen from its' highs of .28 ish to .19 now. I re-bought,

Reasons:

1. nothing has changed for them, other than the market has been pounded a bit lately.

2. A pp was subscribed at .20cents recently. Current price is 19 cents.

3. Kinross/Ecometals results still pending

4. Gold at over 1100/ounce

[leilomo]

what do you think of ecometals? been watching that one and it dropped around 24% today on no news. they're about to start turning some positive cashflow soon too

[subordinate]

Another guy on a stock forum pretty much summed it up perfectly,

Ecometals is changing the exercising warrant date to a much earlier date, Feb 26th. One has to wonder why Ecometals is making their warrant holders choose to exercise their warrants at the changed date before news is even released.

Possible reason and logical: The current drilling has not gone as well as hoped, maybe first drill hit nothing significant, etc, which the Management felt that if news was released, the stock would tumble hard making the warrants worthless, providing Ecometals with no incoming cash. And that is why they are forcing the warrant holders to make a decision soon.

------

And reason why I am in NDR-V, I was in this place initially because it was the most undervalued play in the region. Now, I am more in this play for the momentum effect when the main player, Kinross, releases results. Kinross's geo guys must have this gold structure figured out, so good assay results in the near future will have a very dramatic effect on NDR, and surrounding plays.


....reading what i wrote, doesn't sound as coherent as I would have liked it to be, but I am pretty tired. blah.

[subordinate]

what do you think of ecometals? been watching that one and it dropped around 24% today on no news. they're about to start turning some positive cashflow soon too

Whoa....ecometals up 86%....on a news release that did not confirm any gold. :eek:

[subordinate]

Test results : 5mmcf/day of natural gas from the horizontal well. No brainer that it was excellent results, as all the Utica shale gas plays went upwards of around 30% on a bad day for the markets.

My opinion? Go look back in 2008, when it was Shale gas mania and the Utica play was just discovered. Look at the valuations the market was putting on those plays.

For these Utica plays, buy on dips....and hold, and you should make a good gain (granted the market doesn't tank).

--------

[!LittleDragon]

SQNM.... has rewarded me several times in the past year :D

[CRS]

So.... HSBC crashed... hahaha

[leilomo]

have positions in a bunch of bearish stocks now...hod, faz, spxu.

not sure why markets rallied so much. even though unemployment numbers beat expectations, we are still LOSING jobs here. that and i think TA's support a neartime correction. jmo.

what does everyone else think?

[Jackwimmer]

yea i dont know why it keeps going up, not that im complaining.
but i really think were way overdue for a pullback, i think this is just people being greedy, the market is going up way too fast imo.

[leilomo]

good to know that i'm not the only one thats bearish!

[leilomo]

Another guy on a stock forum pretty much summed it up perfectly,

Ecometals is changing the exercising warrant date to a much earlier date, Feb 26th. One has to wonder why Ecometals is making their warrant holders choose to exercise their warrants at the changed date before news is even released.

Possible reason and logical: The current drilling has not gone as well as hoped, maybe first drill hit nothing significant, etc, which the Management felt that if news was released, the stock would tumble hard making the warrants worthless, providing Ecometals with no incoming cash. And that is why they are forcing the warrant holders to make a decision soon.

------

And reason why I am in NDR-V, I was in this place initially because it was the most undervalued play in the region. Now, I am more in this play for the momentum effect when the main player, Kinross, releases results. Kinross's geo guys must have this gold structure figured out, so good assay results in the near future will have a very dramatic effect on NDR, and surrounding plays.


....reading what i wrote, doesn't sound as coherent as I would have liked it to be, but I am pretty tired. blah.


looks like DRI.V had pretty outstanding assay results on their latest drill, it should bode well for NDR.V...congrats! you going to take some profit off the table, or wait it out for upcoming news?

[rawr]

Any good HK stocks worth looking into lately? I've got a bunch right now, and recently have been taking a look into 2010.hk. Bought around 15000 shares at $3.23, and sold it all at $4.25.

Other ones that i have: 2899, 5, 941, 386, 1398, 2601, 175 (yes, that's Geeley...), among others.

Recommend me some!

[joquio]

Can anybody recommend me any stocks to look into?
I am a beginner and don't know where to start. I tried to look into it but I don't have the feel yet what to look for.

[Mananetwork]

I woke up to a nice jump from Visa :D

[xxxrsxxx]

visa has been doing pretty good in the past couple of days.

[kwanzor]

some stocks im holding

MOT
F
ATVI
BBI
NEXM

[leilomo]

some stocks im holding

MOT
F
ATVI
BBI
NEXM

are you long or short BBI?

ATVI should be good if you're going long. still some real good titles thats yet to come out and its hardly moved at all...

[Pumbaa]

I've been holding HNU over 6 months now, I am so screw.
What u guys think I should do?
BTW, what is up with the market, profit company stocks still drops.

[kwanzor]

are you long or short BBI?

ATVI should be good if you're going long. still some real good titles thats yet to come out and its hardly moved at all...

BBI im long.. i think they will make a come back.. they got the inside track on new movie releases 28 days b4 anyone else can have access to it..

ATVI im long too.. well pretty much till starcraft 2 is released.. and ill see what happens maybe sell part of it and hold for diablo 3..

was gonna buy attd.ob but it never dropped below what i wanted to pay =( and it shot up like a mofo

[kwanzor]

I've been holding HNU over 6 months now, I am so screw.
What u guys think I should do?
BTW, what is up with the market, profit company stocks still drops.


hnu.to if u willing to hold.. hold it till next winter u will make your $ back..

or u can play hnd.to that will go up.. wait till it hits $5 and buy and wait till sept.. then u good for a nice profit..=)

[leilomo]

negative on holding hnu until next winter...these etf's decay over time and you will just end up losing more and more money. i suggest you get out on the next little run that natural gas has.

[no_clue]

Anyone here look at small pharmaceutical companies in the USA?
All of them are penny stocks, but when good news comes, they ROCKET up.
but also tank if there is bad news.

Im looking at XOMA/CTIC currently... so tempting lol.

[Hollyshiit]

^
not tryin to sound like an asz but

on what bases do they seem temping to you??

Can you justify as to why those two pennies would make a good investment?

just incase anyone else wants to take interest in those 2 pennies

[kwanzor]

Anyone here look at small pharmaceutical companies in the USA?
All of them are penny stocks, but when good news comes, they ROCKET up.
but also tank if there is bad news.

Im looking at XOMA/CTIC currently... so tempting lol.

ctic
http://finance.yahoo.com/news/Holzer-Holzer-Fistel-LLC-is-bw-2677369660.html?x=0

[iceburner]

XOMA is in danger of being delisted. They already got the notice in October.

[no_clue]

I heard about the delisting but didn't they appeal? which extends the deadline to april 16?
probably reverse split to get its share over $1?
XOMA's product, XOMA 052 is undergoing its second phase of the FDA thing, if it gets partnership or approval... $$$$$

this is just my rambling, Im pretty noob with penny stock healthcare

[iceburner]

Yup, they did appeal.

If you're willing to buy XOMA now be my guest. I'm not that big a risk taker =P

[Klobbersaurus]

Anyone here look at small pharmaceutical companies in the USA?
All of them are penny stocks, but when good news comes, they ROCKET up.
but also tank if there is bad news.

Im looking at XOMA/CTIC currently... so tempting lol.

im buying biotech stocks in the states, gotta do your DD tho, like you said, 1 good news and it can go up 50% but 1 bad news and your down 50%, try to buy a stock near fda approval date, its always good news if it gets approved but you gotta put a stop sell in place so you dont lose alot if fda doesnt approve it

[SiRV]

Haven't been in on the stock game for a while now so I thought I'd check what everyone was up to, to see whats hot right now. This list is of particular interest:


MOT
F
ATVI
BBI
NEXM

I'm thinking of buying into ATVI now as well with all the new games coming out very very soon so thanks for sharing =) One question about BBI though, do you think their drops could be due to the fact that a lot of people are now downloading all their movies instead of going to rent them?

[no_clue]

IMO I would stay away from BBI unless you are shorting. I think they are going to kick the bucket now as they are becoming obsolete, everyone can download it conveniently off the internet.

ATVI... hmm I don't know too much about video games but when modern warfare 2 came out, their stocks didn't go up too much when they listed their Q4 report. Look at electronic arts, they churn out more games but their shares plummeted. Who knows with starcraft 2 though? :)

What im holding currently is
AC.B
XOMA
C
FNM
ENT
LUV

Already lost 1% on XOMA, go penny biotech stock!

[iceburner]

Go go nintendo! XD

[biggyboy]

short the whole market

second collaspe is coming

not credit crisis but national debt and sovereign crisis with respect to devaluation of all currencies one by one... Canada will be hit hard by Canadian Govt raising interest rates at the wrong time, killing our economy

[wouwou]

^I agree as well, the charts look like a pullback too.

I have set a few tight stops on my positions.

As for BoC's interest rate hike, I am looking forward to the housing market crash :D

[Jackwimmer]

i think there's still some more room to go higher
THEN it will collapse :) :lol

[no_clue]

I think Canada can pull through, the Euro is gonna tank though. Anyone here thinks that China's bubble will burst soon? if that happens, I think asia will crash hard. Short yen/won?

off-topic but yay air canada, 19% gain in two days :)
I forgot who was talking about this, but he/she was saying that after the olympics, condo prices in the lower mainland will fall, but ??

[wouwou]

^wait till the HST kicks in and BoC raise the interest rate.

it will fall like crap.

Short Yen for sure.

[Purely]

anyone in RVX or EFL? any thoughts?

[Klobbersaurus]

i had efl 2500@ .95 cents for about 6 months down about $400, i finally sold it to break even and it jumped, i think it will fall back down, it jumped up once before on news that the ontario government gave them 18m but not a big jump like this

i might buy some etle, they were awarded the 100mil grant from the US gov to make the charging infastructure for the electric vehicle charging system, they will probably be the company making charging systems for the rest of the world, they will be providing the charging system for the nissan leaf, could be a huge company in the next year or 2 when people start making more plug in electric cars

im currently holding
tvi
pmbs
pvct
cbai

[leilomo]

i'd keep an eye out for VVUS. theres a nice bullish pennant formation on the charts and its sitting right on support. add to that an increase in call buying. should be good for a little jump next week imo

[hchang]

I remember somebody already mentioning this, but i searched and couldn't find it.

But would this be a good time to purchase toyota stocks? Or do you guys think it will be going down more?

[no_clue]

you are a month late.
it fell down to $72 then, now its $80
i would wait to see their march report first

[hchang]

Good idea.

Thanks for your input!

[SiRV]

Hey guys, anyone have any tips on good natural resource companies?
So far in terms of that, I'm just holding on to Potash right now.. any other good ones?

[Klobbersaurus]

KCL
ELR
TVI
UUU

[Hollyshiit]

Any buddy playing NBG??

selling near 52 wk low, and below book value..

[hirevtuner]

sc.to a buying opportunity?
around 38?

[Hollyshiit]

^

you probably would need to ask urself, how much the ontario reform would hurt the top line and the bottom line in the future.

If ur a trader, maybe its not a good idea to catch a falling knife
but if u plan to hold for longer term, the valuations are looking attractive.

I will attach some of this companies "avg 5 year" valuation for you.


But thanks for the notification, will look into this company further because it does seem like an interesting story.

[Hollyshiit]

a shot at 10 year valuation on shoppers

[hirevtuner]

sc.to seems pretty good price to get in
it also pays a dividend 90 cents a year