Official Short-term Investments Thread [Archive] - Page 23 - Beyond.ca - Car Forums

sputnik

11-02-2006, 08:39 AM

Originally posted by jmc
The Liberal is right, becasue of that 'Conservative campaign promise to avoid taxing trusts', I over-weighted trusts in my holdings. It's one thing to change the rules for new trusts, it's another to apply the rule to exisiting ones in a few years; that move just crushed me. I am holding out hope the tax system will some how get changed after the next election (however unlikely); if not, it'll take many many years for me to recover... This time is personal, I'll remember this, conservative will never get my vote!

So you get investing advice from politicians?

:rofl:

Any half decent financial advisor will tell you that income trusts wont last forever. Even the Liberals are changing their tune. Former finance minister John Manley was on RobTV yesterday saying that the Liberals should have dont it years ago but didnt have the balls to do it. He said that the timing was poor from the Conservatives but it had to be done.

Also, I really dont consider it a flip flop as both Telus and BCE announced they were planning on becoming income trusts well after the election. Had both of them converted it would have meant $500 million less in corporate taxes into the federal taxbase. It HAD to be done.

sputnik

11-02-2006, 08:40 AM

Originally posted by djayz
^
i hope so. This was just a massacre for the government to save a measly billion. Not only did the income trust sector lose 20billion people lots billions of dollars

people whos life savings diminished because one idiot decides if we take the money before it gets to the people and from the people we get more.

:thumbsdow

On average people lost 3-4%. Big deal. There are far worse things that could happen.

The news made it out to be the next depression according to seniors. Most of whom wont be alive by 2011.

liquid1010

11-02-2006, 09:23 AM

I was listening to my old Econ Prof (Atkins) on the radio this morning and he was discussing his opinion that the markets way over-reacted. I somewhat agree with him....

To be honest in my opinion, I like this move by the Conservative Gov't. They had the balls to do something that needed to be done. Billions were being lost in tax revenue, meanwhile the Income Trust Sector would have kept growing. Secondarily, Reinvestment is a VERY imprortant aspect of growth within an economy, and although an Income Trust is very beneficial for investors, it may not be the best idea for the economy as whole.

IMO... kudos, for what needed to be done.

Canmorite

11-02-2006, 09:36 AM

liquid1010

11-02-2006, 12:29 PM

So I thought I would try to get an overview of everyone on this board. I think it'll give us all a little more insight into peoples thoughts, comments, risk tolerences, etc.... Also allows us to learn from each other.

1) Your Risk Tolerance (Scale of 1 (high) to 5(low))

2) Your Portfolio: Equity and Debt percentage

3) Your Portfolio Value:
a) Under 5k
b) 5k to 10k
c) 10k to 30k
d) 30k to 100k
e) 100k plus

4) Your Age

5) Your primary holdings

6) Your method for valuation (Fundamentals, Technical, etc)

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

1) 2 (moderate to High)

2) 90% Equity

3) b (5-10k)

4) 24

5) GCE, GNY, Cash. (used to own THI, CLL)

6) Use a mix of relative fundamental valuation, with a small look at technical.

Gainsbarre

11-02-2006, 01:00 PM

1) 1
2) Over 90% equity
3) e
4) 23
5) T, AEN, BNS, RCI.B
6) Fundamentals and macro overview. Some technical, but not much.

Rav4Guy

11-02-2006, 02:10 PM

^ high risk tolerance but holds communication/bank stocks.. margin?

1) 4
2) right now, 40% cash + cash equiv 60% equity.
3) not disclosing
4) 24
5) once again.. not disclosing
6) technical for short term trading and both tech/fund for long term investing.

djayz

11-02-2006, 04:13 PM

Originally posted by sputnik

On average people lost 3-4%. Big deal. There are far worse things that could happen.

The news made it out to be the next depression according to seniors. Most of whom wont be alive by 2011.

There are worse things that COULD happen yes but this was somewhat planned. Other things that cause markets to crash are natural disasters but those obviously cannot be avoided.

Im not complaining that it was a bad choice just that it was a lie from the beginning and the timing was bad. Not only that the fact that the government has a SURPLUS of 100 something billion they go chasing after 1.7billion of lost taxes. Another thing is now they get to tax the income of the corporation and the trusts that give out dividends and we still get taxed on thsoe dividends so they are triple dipping now.

Gainsbarre

11-02-2006, 07:10 PM

Originally posted by Rav4Guy
^ high risk tolerance but holds communication/bank stocks.. margin?

No margin. I interpreted "risk tolerance" as how much risk I am capable of taking at any given point in time at this stage of my life. My portfolio does not always reflect this, especially when I'm not too optimistic about the economy.

Rav4Guy

11-03-2006, 08:30 AM

Income Trust Market Update - Two day total - $30 billion lost

I urge people that REALLY care about this issue to write to your government and let them know... how STUPID this is. Maybe they should grandfather the old trusts... this would alleviate lots of grief....

Someone asked before if this was a good opportunity to buy? YES! yes as in wednesday... but some are still good buys. Just need to be careful which ones are fundamentally sound.

Rav4Guy

11-03-2006, 08:36 AM

^ CPG.UN

Crescent Point Energy Trust

EDIT:

here's a summary.

Oil and gas, power and pipeline trusts, and business trusts will be taxed - REITs will generally be excluded

Taxes will be levied on each business, whether held in a limited partnership or a corporation with internal leverage

The tax rate will be 34%, declining to 31.5% in 2011, and taxes will be levied against both distributions and undistributed income

Unitholders will treat distributions as dividends rather than ordinary income

Existing income trusts will pay these taxes beginning in 2011

New trusts will be subject to the tax commencing in 2007

sputnik

11-03-2006, 09:38 AM

Originally posted by Rav4Guy
I urge people that REALLY care about this issue to write to your government and let them know... how STUPID this is. Maybe they should grandfather the old trusts... this would alleviate lots of grief....

I support the income trust taxation, even if it meant that my portfolio took a temporary hit.

The energy trusts have artificially inflated the oil and gas industry with the spend happy tactics. Land prices have skyrocketted because of the fact that income trusts are required to spend their money or dividend it out. As a result contract have been artificially pushed through the roof and out of reach of other conventional oil companies.

Tax income trusts and lower income or sales taxes instead.

Rav4Guy

11-03-2006, 09:52 AM

Even if they lower taxation rate by, let say 5%, how much are we able to keep in our pockets? figure it out and let me know if it's worth it compared to the sharp decline in your portfolio per year.

Our energy sector has taken a HUGE hit by a government who has not given much thought into this. Take a look at how this was thought of and the time frame it took them to push it out the door. Companies basically are in a position to be bought out by major US companies... therefore losing our canadian control in oil and gas production.

what about retirement portfolios where seniors are dependant on that money? standard of living just went downhill. retirement portfolio asset value went downhill.

sputnik

11-03-2006, 09:59 AM

Originally posted by Rav4Guy
what about retirement portfolios where seniors are dependant on that money? standard of living just went downhill. retirement portfolio asset value went downhill.

Yeah. The news is ALWAYS the same. "What about the seniors"? Natural Gas goes up and everyone cries about the seniors.

On the front page of the Financial Post they had a senior that lost $90,000 because of the Income Trust announcement. The article later said he lost 10% of his portfolio. Boo-freaking-hoo. He has $900,000 in the bank and he was IMO too heavily weighted in income trusts. If you are a senior that DEPENDS on investment income you DO NOT invest in anything other than fixed income. PERIOD. If you cannot take a 10% drop, do not invest in ANYTHING that has the potential of a drop.

Blame is easy to shift to the government. However it is up to everyone to make sure they have a portfolio that is suitable for their own risk profile.

Sorry seniors. Fire your investment advisors.

Rav4Guy

11-03-2006, 10:10 AM

yes.. I understand that people should have portfolios that are associated with their risk level but I'm saying it's a PART of the problem... not the ONLY ONE.

I personally don't mind this as there are always other investment opportunities. I have gotten myself and my clients out of all income trusts circa two weeks ago and have gotten into certain trusts since the mad sell-off.

Like I said, if people are really THAT upset... send a letter to your government.

in the meantime... I suggest people looking at all gold mining/producers for a long term investment.

liquid1010

11-03-2006, 11:49 AM

Hey rav4Guy, I didn't know you were involved in Portfolio Management as a career; that's excellent. Definitely something I want to get into.

I heard some discussion about the fear of possible buy-outs on the radio this morning. It's definitely a concern. With that said, I still stand by the statement that this was a move that had to be done sooner or later. I've heard from a few Portfolio Managers that they saw this move coming, and pulled out of income trusts as Rav4Guy did.

One question I have is... Where can I find info as to the primary holders (Institutional Holders) of certain equities?

Rav4Guy

11-03-2006, 03:09 PM

Originally posted by liquid1010
Hey rav4Guy, I didn't know you were involved in Portfolio Management as a career; that's excellent. Definitely something I want to get into.

I heard some discussion about the fear of possible buy-outs on the radio this morning. It's definitely a concern. With that said, I still stand by the statement that this was a move that had to be done sooner or later. I've heard from a few Portfolio Managers that they saw this move coming, and pulled out of income trusts as Rav4Guy did.

One question I have is... Where can I find info as to the primary holders (Institutional Holders) of certain equities?

Definitely something fishy when BCE and TELUS announced they were converting to a trust but will not pay taxes. They really got embarrassed.

any person with access to a market depth/company info can get you top holders of companies.

liquid1010

11-06-2006, 12:19 PM

So here's another question for the more experienced traders on this board.

What tools do use in the valuation of companies with no real earnings yet? Obviously there's the technical aspect, but other than analyzing their Balance sheet, any other good tools that have helped?

Mckenzie

11-06-2006, 02:52 PM

Wow great last 5 days for ASX!

.28 on friday
Global News program showcasing the companies efforts in re-exploring the old Port Radium- http://biz.yahoo.com/iw/061103/0180305.html
Great show that showed ASX was working with the local indigenous people to responsibly explore and possibly develop the area.
Large gap up today with news- http://biz.yahoo.com/iw/061106/0180667.html

Looks good for a close over 2.10.

Lots more to come!:clap: :clap:

harley11

11-06-2006, 05:41 PM

HUDBAY im now going to sell....my first post on this thread was $12.00 and now the stock is $19.00 something...umm

Canmorite

11-06-2006, 09:28 PM

Textbook breakout.

http://stockcharts.com/c-sc/sc?s=EGLF&p=D&yr=1&mn=0&dy=0&i=p31985680759&a=89072682&r=2838

RX_EVOLV

11-06-2006, 11:25 PM

really excited about ASX, cant wait until the assay comes back!! early Xmas!

Kirbs17

11-07-2006, 01:28 AM

SXR-T Uranium, and MGA Uranium. Picked some up in September, about $15,000 worth. Doing REALLY well....

djayz

11-07-2006, 05:15 AM

:banghead:
knew i shouldnt have sold CXX
look at that amazing chart but my profit ended at the bottom of that huge upward slope :(

wylderhoads

11-07-2006, 09:22 AM

Originally posted by RX_EVOLV
really excited about ASX, cant wait until the assay comes back!! early Xmas!

Looks like some pretty good resistance there at 2.13, if it can break that and hold then things could look good. Next resistance I think wuold be the top bb band at 2.24, if it can hold over 2.13.

troyl

11-07-2006, 10:04 AM

Purepoint Uranium Group Inc: Northern Prospector Magazine Ranks Purepoint's Turnor Lake as the Best Uranium Bet in the Basin

TORONTO, ONTARIO, Nov 07, 2006 (MARKET WIRE via COMTEX News Network) --
Purepoint Uranium Group Inc. (TSX VENTURE: PTU) is proud to confirm that an evaluation of numerous uranium projects drilled in the Athabasca Basin this past year published in the November 2006 issue of the Northern Prospector Magazine selected Purepoint's 100% owned Turnor Lake project as demonstrating the greatest potential for hosting the world's next "super-deposit".

The Northern Prospector compared the results of all publicly disclosed drill programs against seven criteria derived from an overview of a typical uranium deposit setting. The article provides readers with an excellent but simple format to better understanding and interpreting the results of uranium drill programs.

Summary:

- Indicators consistent in all major Athabasca Basin deposits include the existence of structural faulting, graphitic conductors, and an alteration halo around the deposit containing hydrothermally altered rock and elevated uranium levels;

- The depth of potential deposits, which are generally found near the unconformity, significantly affects the cost of exploration for and the economic feasibility of any deposit ultimately found;

- Purepoint's southern-most Turnor Lake targets were the only targets to obtain high scores in all seven categories;

A complete copy of the article is available at www.purepoint.ca/news.

"After the 1980's the uranium industry lost an entire exploration cycle that only shifted back into gear two years ago," said Chris Frostad, President and Chief Executive Officer, Purepoint Uranium Group Inc. "As a result most publicly listed uranium companies today are operating at the earliest stages of exploration where it is difficult to differentiate the real potential for individual properties and targets. Articles such as the recent one in the Northern Prospector are important in helping form and clarify investor expectations."

Last winter represented the first extensive junior exploration drill season in the Basin since the boom began in 2003. The article, "Who's Leading the Race for the World's Next Uranium Super Deposit", reviewed the publicly releases results of 20 junior exploration companies drilling in the Basin in 2006.

Canada's Athabasca Basin provides approximately 30% of the world's uranium production and boasts ore grades in excess of 20%; 100 times that typically mined through out the rest of the world. Purepoint Uranium Group Inc. is focused on the precision exploration of its seven, 100 percent owned, highly prospective projects in the Canadian Athabasca Basin. Established in the Basin well before the resurgence in uranium, Purepoint is actively advancing some of the hottest drill targets in the world's richest uranium region.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts: Purepoint Uranium Group Inc. Chris Frostad President and CEO (416) 603-8368 Website: www.purepoint.ca

SOURCE: Purepoint Uranium Group Inc.

http://www.purepoint.ca

Copyright 2006 Market Wire, All rights reserved.

Mckenzie

11-07-2006, 10:26 AM

Originally posted by wylderhoads

Looks like some pretty good resistance there at 2.13, if it can break that and hold then things could look good. Next resistance I think wuold be the top bb band at 2.24, if it can hold over 2.13.

Yes there was icebergs at 2.13 and 2.16 yesterday. I would expect some cooling back to around the 1.90-2.00 mark before the next leg up.

Canmorite

11-07-2006, 11:28 AM

Resistance for PTU.V at 0.65-0.70. I guess it's almost there...

benyl

11-07-2006, 11:39 AM

Originally posted by Canmorite
Resistance for PTU.V at 0.65-0.70. I guess it's almost there...

I sold PTU. Got out at a profit. More than I can say for the rest of my portfolio....

ryeguy252

11-07-2006, 01:12 PM

Anyone think PTU is still a buy?

troyl

11-07-2006, 01:20 PM

PTU 0.74 :clap:

Canmorite

11-07-2006, 03:18 PM

Originally posted by ryeguy252
Anyone think PTU is still a buy?

Too high up now imo. Missed the boat.

I'd wait for a pullback.

djayz

11-07-2006, 07:05 PM

definately a buy for ptu i picked up more yesterday at .50 and some more today at .60 and .68

i can see this stock above a dollar pretty soon atleast by the end of this year.

benyl

11-07-2006, 07:28 PM

it will likely pull back tomorrow to .50 while people profit take.

liquid1010

11-08-2006, 09:33 AM

Anyone done and DD on NUC. Looked at it for the first time today, but have no real background on it.

benyl

11-08-2006, 09:37 AM

Originally posted by benyl
it will likely pull back tomorrow to .50 while people profit take.

Not quite 0.50, but dropped 10 cents this morning to 0.63. haha, should have shorted it!

2000impreza

11-08-2006, 07:18 PM

I sold ptu at 0.70 . Got a nice entry at 0.36.

djayz

11-09-2006, 05:34 AM

haha i sold half...which is quite a few thousand shares
and im buying in double of what i sold .

uranium for the win
DEN is like a rocket headed for the sun!

troyl

11-09-2006, 10:43 AM

I cant bring myself to sell any PTU. LONG AND STRONG! I wanna see some assays. (why do i never listen to myself and sell on a double)?

AsianCaucasian

11-09-2006, 01:28 PM

Anyone know what's up with URA today?

djayz

11-09-2006, 06:34 PM

^
not sure but it seems like a scary stock. They do have some good news and what not but the SP never stays up...too many day traders i think in there.

PTU FTW! :clap:

AsianCaucasian

11-09-2006, 07:39 PM

Originally posted by djayz
^
not sure but it seems like a scary stock. They do have some good news and what not but the SP never stays up...too many day traders i think in there.

PTU FTW! :clap:

Yeah, its a bit scary but it's up 40% for me since I bought it two weeks ago.

djayz

11-10-2006, 06:47 PM

i cant watch as CXX just soars its too painful

i dont even have any cash left to buy it =(
has anybody been following cxx and could fill me in if its a good buy at this point?

I did some research and there could be a possibility of buyout and what not and it could see 5 dollars + but not sure if its a good time to get in seeing as how its gone up so much in the last 2 months.

Mckenzie

11-10-2006, 11:17 PM

Originally posted by AsianCaucasian
Anyone know what's up with URA today?

URA purchased more uranium claims. The Tomcat claims were optioned. For those invested, check out the CEO Len Harris on radio tomorrow at 12 PM Calgary time I beleive.

The run up could also be attributed to possible assays from the gold project next week, approval of drilling permits or other related news.

Cant wait for another 6 months when drilling is done and they figure out how to start production from these properties.

Also, ASX just appointed a very well known geophysicist to help with further exploration of their properties

http://biz.yahoo.com/iw/061110/0183065.html

Ben

11-14-2006, 07:34 PM

jesus, declines every day for the past week on all my investments, and I have tech, energy, mining and pharm. Only thing that has done well is my Mutuals. *weaksauce*

djayz

11-15-2006, 06:19 AM

yah...i think its time for a little pull back again
things have shot up quite a bit after the black thursday or whatever the hell they are calling it.

Mckenzie

11-15-2006, 07:57 AM

News from URA yesterday: gobble gobble more uranium claims

Grants Uranium District Acquisition

Anglo Canadian Uranium Corp. (URA on TSX.V) (the "Company") is pleased to announce the acquisition of a 100% interest in 134 mineral claims located on La Jara Mesa in Cibola County in the Grants Mining District located near Grants, New Mexico. These claims, known as the Holley claims, consist of 3200 acres located in the San Mateo Mountains, and were previously owned by Homestake Mining Company. The property area is located within 4 miles of the Marquez Uranium mine, which produced 656,000 tons of ore at a grade of 0.26% uranium. A number of drill programs have taken place in the project area during 1967-71 (Homestake / UNC joint venture), 1974 (Gulf Mineral Resources), 1980-83 (Midas International) and 1983 (Homestake). In addition to the most recent drill program, Homestake also owned a processing facility which has subsequently been reclaimed by another party. Homestake completed extractive metallurgical and amenability tests at the nearby Homestake Mill (alkaline leach tests) and at the Kerr McGee Nuclear Corporation Mill (acid leach tests) located in the Grants District. These tests determined that the mineralization would readily leach with acid and recoveries averaging 90% were achieved. This area ceased mining in the late 1970's and early 1980's when the price of uranium dropped and production was not economic.

The Grants Mining District produced 270 million pounds of uranium from 1950 to 1978, making it one of the biggest producing regions in the world at that time. The Company continues to evaluate and acquire prospective uranium and vanadium projects located in the Four Corners Region of the United States, with key management personnel visiting the region this week. A number of core business strategies will be addressed including discussions with current and prospective joint venture candidates, development programs to be conducted with exploration and development companies in the area, and visits to additional potential uranium / vanadium properties in the Four Corners region.

Terms

This acquisition will be facilitated through the payment of US $26,000, the issuance of 200,000 common shares of the Company, and a 2% NSR upon approval of the TSX Venture Exchange. The vendor also has the option to buy back each 1% of the NSR for US $300,000.

The technical portion of this release has been approved by James A.Turner. P.Geo., a qualified person under NI 43-101. With regard to the historical resource estimates referred to in this news release and details regarding the location of these historical resources, the Company considers them to be relevant but not to NI 43-101 standards.

About Anglo-Canadian Uranium Corp.

Anglo-Canadian is an aggressive uranium and gold exploration company with several properties located in Canada and the United States. The Company's current projects include uranium projects located in Colorado, Utah, New Mexico and Quebec, and gold and base metals projects in British Columbia. The Company's focus is to acquire uranium and gold deposits in strategic locations through acquisition and option arrangements, and further develop these projects with experienced management teams.

For more information on the Company and its projects, please visit the website at www.anglocanex.com

ON BEHALF OF THE BOARD OF DIRECTORS:

"Len J.Harris"

Len J. Harris, President T: 604 669 6807 Toll Free: 866 488 3838 E: [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Copyright Copyright Hugin ASA 2006. All rights reserved.

SOURCE: Anglo-Canadian Uranium Corp.

Copyright 2006 Market Wire, All rights reserved.

Z_Fan

11-15-2006, 09:56 AM

Originally posted by Ben
jesus, declines every day for the past week on all my investments, and I have tech, energy, mining and pharm. Only thing that has done well is my Mutuals. *weaksauce*

Yeah. Me too.

-6,717.93 CAD

*FAWK*

Canmorite

11-15-2006, 05:47 PM

I feel sorry for anyone still holding PLE or SKE.

GUA

11-15-2006, 07:06 PM

Rol.a :werd:

benyl

11-15-2006, 07:20 PM

holy shit, time to buy more Rol.a

troyl

11-18-2006, 11:26 AM

Nice close for PTU on friday! I am one of the unlucky ones still holing SKE :( only 9 cents off my purchse price though so i could take a small loss or hold on a little longer what to do what to do

Canmorite

11-19-2006, 01:53 PM

The pump and dump is over for SKE. I'd wait for some sort of a turn around before sticking any more funds in that.

troyl

11-20-2006, 10:14 AM

PTU 0.84! :clap:

AsianCaucasian

11-20-2006, 11:01 AM

Wow... OCL got smoked today.

troyl

11-20-2006, 01:35 PM

Originally posted by AsianCaucasian
Wow... OCL got smoked today.

Dry well?

Rav4Guy

11-20-2006, 01:37 PM

^

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2006) - Oracle Energy
Corp. (the "Company"), (TSX VENTURE:OCL)(FWB:O2E) has been notified by
project operator Yemen Mayfair Petroleum Corp. that the Fatima-1 well,
Block 22, Yemen, was drilled to a total depth of 2359 metres. After
testing, the well was plugged and abandoned on November 18th, 2006.

davidI

11-20-2006, 10:19 PM

Originally posted by Rav4Guy
^

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2006) - Oracle Energy
Corp. (the "Company"), (TSX VENTURE:OCL)(FWB:O2E) has been notified by
project operator Yemen Mayfair Petroleum Corp. that the Fatima-1 well,
Block 22, Yemen, was drilled to a total depth of 2359 metres. After
testing, the well was plugged and abandoned on November 18th, 2006.

As a guy currently working oil & gas in Yemen, I would not be investing in Companies working here. There are too many political questions right now...

djayz

11-21-2006, 05:37 AM

Originally posted by troyl
PTU 0.84! :clap:

another profit taking day today?

im selling half and we shall see what happens after that
i still have plenty to go on further but i guess ill take a little profit especially after waiting so long.

djayz

11-21-2006, 08:44 AM

ptu has broken a dollar...:clap:

Z_Fan

11-21-2006, 11:22 AM

I bought PTU at .34

Canmorite

11-21-2006, 11:48 AM

PTU is amazing. Watch for a pullback at the psycholoigcal level of $1.00. Look at PLE for an example...

Rav4Guy

11-21-2006, 11:55 AM

^ what's the psychological price point? PLe and PTU have gone over 1.00. Traded as high as 1.12 today.... :confused:

liquid1010

11-21-2006, 12:35 PM

That's what I was wondering too......

If any wants to see what a good news release will do for you after releasing some crappy Q2 financials, take a look at GNY.

Altezza

11-21-2006, 01:36 PM

TSX is in record high territory :D Previous record high was 12528.

Canmorite

11-21-2006, 01:55 PM

Originally posted by Rav4Guy
^ what's the psychological price point? PLe and PTU have gone over 1.00. Traded as high as 1.12 today.... :confused:

Traders see large or rounded numbers as psychological resistance.

PLE smashed through 1.00, but pulled all the way back down to 0.60 after that.

I'm not saying it happens everytime, but PTU has been going nuts lately and i'd be dancing close to the exit door if I owned it.

Rav4Guy

11-21-2006, 02:04 PM

The psychological price point would be where investors are NOT willing to pay above it. In this case you're thinking a dollar but clearly both of them have traded above it and have no resistance. 1.8M shares traded today for PTU and looks like the third higest traded daily volumn. The reason for the pullback is that both stocks are overvalued and have reached these levels due to hype and hype only.

Another look at is ZAO. same thing, broke over 1.00 to 1.20... over priced? yes. will it come back down under 1.00? yes. Do I own any? not anymore. :)

Rav4Guy

11-21-2006, 02:06 PM

Originally posted by Altezza
TSX is in record high territory :D Previous record high was 12528.

12600.88 right now. Whoo!

Canmorite

11-21-2006, 02:09 PM

Originally posted by Rav4Guy
The psychological price point would be where investors are NOT willing to pay above it. In this case you're thinking a dollar but clearly both of them have traded above it and have no resistance. 1.8M shares traded today for PTU and looks like the third higest traded daily volumn. The reason for the pullback is that both stocks are overvalued and have reached these levels due to hype and hype only.

Another look at is ZAO. same thing, broke over 1.00 to 1.20... over priced? yes. will it come back down under 1.00? yes. Do I own any? not anymore. :)

Exactly, they look at the stock's price and where it started. If the run started at 0.34 cents and it's at 1.00, they might feel it's overvalued.

However, if the stock is still on the way up and the price is 0.65, they feel it could still go higher.

The market is a huge psychological game. Look at big blue-chip stocks. A good example is GOOG, and how it stalled just under $500, before breaking through.

Big round numbers, like 10, 25, 50, 100 etc...

Z_Fan

11-21-2006, 02:11 PM

I agree with the psychological price theory.

I definitely had it with PLE - $1 scared me. I wasn't willing to buy it after it went above that's for sure.

I sold my PTU once it doubled. Unfortunately, I could have almost tripled. LOL. Oh well.

Rav4Guy

11-21-2006, 02:39 PM

Originally posted by Canmorite

Exactly, they look at the stock's price and where it started. If the run started at 0.34 cents and it's at 1.00, they might feel it's overvalued.

However, if the stock is still on the way up and the price is 0.65, they feel it could still go higher.

The market is a huge psychological game. Look at big blue-chip stocks. A good example is GOOG, and how it stalled just under $500, before breaking through.

Big round numbers, like 10, 25, 50, 100 etc...

If 1.00 was the magic number, then it wouldn't have gone ABOVE that. Except that in both cases here, it has. People were willing to pay 1.20 for PTU... where is that psychological price point there? You might say that as the prices went to 1.20, more and more people believe it to be overvalued and their right. What is this stock worth anyways? a whole punch of heresay and "potential" reserves. If people actually believed this to be a great uranium play, psychological price points won't matter.

I know how the resistence and support levels work as well as the rounded-number theory. It's great how people like to be taught a certain way of thinking. Guess what, if everyone believed that $500 was the resistance level, everyone would start selling therefore driving down the price. It's all manmade. I love how people jump on bandwagons. What happened to that Uranium bandwagon? gone! Guess what I'm doing? shorting a whole range of mining stocks.

edit: when have you seen an odd number be the resistance point? Your right.... people LOVE round numbers. It's easy to count and creates a sense of having complete orders. Why are board lots at 100/1000? how come it's easier to count by 5's then 4's? It's a human condition, not a market condition. But like you said, the market is a huge psychological game. I play in/with it all day and even I'm starting to go crazy!

Canmorite

11-21-2006, 04:22 PM

Haha great post!

I'm not saying that $1.00 is the ultimate resistance and won't go through it, but some people simply put a limit order in for 1.00 because they know it CAN stall there. Look at GOOG. Stalled, then went through. I'm not saying this always happens, but it's a good thing to keep in mind when trading...

I don't know if i'd be shorting mining stocks just yet, though. With commodity prices through the rough and analysts still very bullish, I wouldn't wanna get squeezed.

I can see your side of it though. Shorting before the commodity and stock pullback.

EDIT: Didn't use speak and spell as a kid.

djayz

11-21-2006, 08:59 PM

i think ptu will pull back under a dollar tomorrow and then head back up around the dollar ten range

there still is buying pressure even tho the price has sky rocketed the last few days.

Canmorite

11-21-2006, 10:26 PM

Originally posted by djayz
i think ptu will pull back under a dollar tomorrow and then head back up around the dollar ten range

there still is buying pressure even tho the price has sky rocketed the last few days.

Here's to wishful thinking!

:rofl:

djayz

11-22-2006, 05:57 AM

Originally posted by Canmorite

Here's to wishful thinking!

:rofl:

hah after youve held the stock for close to a year and accumalated close to 50,000 shares wishful thinking is the only thing that keeps me sane.

djayz

11-22-2006, 08:18 AM

PTU CA V + 1.15 1.15 1.04 0.00 0
Bid Size 698 Ask Size 579

prebids already showing strenght at 1.15
this could hit 1.50 at the rate its going but i sure as hell hope that we peak at 1.20 and have a nice correction or this could get scary like PLE which will not be good.

Rav4Guy

11-22-2006, 09:11 AM

^ early markets are like that. PTU last traded at 1.01

edit: 1.00 now. 8:11

djayz

11-22-2006, 09:44 AM

yah i had the chance to sell a fairly large lot at 1.15 but i thought it would go to 1.20...unfortunately not and sold it at 1.09 down to 1.07

oh well

Ben

11-22-2006, 02:39 PM

SKE up 14 cents today, hahaha. w00t +36% today. Been holding 10000 of these fuckers thinking WTF!

liquid1010

11-22-2006, 04:03 PM

What do you guys use in relation to valuation models?

max_boost

11-22-2006, 04:35 PM

Originally posted by Ben
SKE up 14 cents today, hahaha. w00t +36% today. Been holding 10000 of these fuckers thinking WTF! Wow did you know it was coming. It peaked at $1 and that was only 2 months ago.

max_boost

11-22-2006, 04:36 PM

Thoughts on BNK? Bankers Petroleum.

Canmorite

11-22-2006, 10:35 PM

Originally posted by max_boost
Thoughts on BNK? Bankers Petroleum.

Looks to be basing at ~0.60. If it can break upwards with a large candle or gap, on good volume, i'd definitely buy some.

http://img141.imageshack.us/img141/5808/bnktowp7.gif

Rav4Guy

11-23-2006, 08:38 AM

BNK

I'd pick some up 0.55 or 0.70 (good volume)... but even then... long term trend doesn't look good. SO... I'd find something else.

SiR_lyfe

11-23-2006, 08:39 AM

look into CLL they will be huge next year . its an oil and gas company

outrageousrich

11-23-2006, 09:26 AM

some good investments are
T.NWI - support .50, up side is unlimited
T.TTH - support 1.00, resistance is 1.60
T.SPM - support 1.50, up side looks optomistic
T.SGF - support 5.50, if it can break resistance @ 6.00 then upside resistance should be around 7.50

they are good pick ups volume has picked up on these investments, don't buy them if your not comfortable with the risk
these are just some of the picks I have, watch them.

benyl

11-23-2006, 10:48 AM

Originally posted by outrageousrich
some good investments are
T.NWI - support .50, up side is unlimited
T.TTH - support 1.00, resistance is 1.60
T.SPM - support 1.50, up side looks optomistic
T.SGF - support 5.50, if it can break resistance @ 6.00 then upside resistance should be around 7.50

they are good pick ups volume has picked up on these investments, don't buy them if your not comfortable with the risk
these are just some of the picks I have, watch them.

Thanks for picks.

You needed to post this 3 days ago, hahaha. Most of them are running already... haha.

liquid1010

11-23-2006, 10:56 AM

Originally posted by benyl

Thanks for picks.

You needed to post this 3 days ago, hahaha. Most of them are running already... haha.

No doubt. Being in those a week a go, you would have done WELL! :thumbsup:

Canmorite

11-23-2006, 11:19 AM

V.URA heading back up to ~1.10.

benyl

11-23-2006, 02:41 PM

Looks like Skeena is shitting the bed today.

Ben

11-23-2006, 02:50 PM

Originally posted by benyl
Looks like Skeena is shitting the bed today.

Yep, I sold yest ;)

outrageousrich

11-23-2006, 03:12 PM

I usually pick stocks that just break out from a certain pattern with volume supporting it, like an ascending triangle. When you buy a stock you have to find out the risk and reward hense the support line and resistance line of a stock, that is why I feel those picks are still good.
But just my honest opinion

Rav4Guy

11-23-2006, 06:39 PM

^ that's trading. Investments are what I consider longer term and where you know the 80%+ about the company.

anyone can be a trained to be a trader, but not everyone can develop a long term investment portfolio.

Dayclone

11-23-2006, 08:40 PM

What are some good penny stocks that are safe... can anyone reccommend?

Thanks,
Steve

RX_EVOLV

11-23-2006, 08:55 PM

no such thing, they wouldn't be penny stock if they are safe

Canmorite

11-23-2006, 09:32 PM

Originally posted by Rav4Guy
^ that's trading. Investments are what I consider longer term and where you know the 80%+ about the company.

anyone can be a trained to be a trader, but not everyone can develop a long term investment portfolio.

True. Although I know a lot of trader's that use technical analysis for longer term position trades.

Originally posted by Dayclone
What are some good penny stocks that are safe... can anyone reccommend?

Thanks,
Steve

Originally posted by RX_EVOLV
no such thing, they wouldn't be penny stock if they are safe

This is true for the most part. If you're looking to play the pennies, have a great understanding of technical analysis and what the company does and is planning to do.

There is so much manipulation in penny stocks it's almost criminal.