Official Short-term Investments Thread

[Euro_Trash]

Originally posted by Meback
in CNQ at 27.70. Wishing for the best... this might even belong in the long term investment trend.

I can't figure out when to get in again. Hopefully you are right

[Meback]

I think anything below 28 is a bargain. I would have went with COS if it was under 18. HOU.TO i think is a good buy too.. Oil wont stay at these prices. Its due to come back up. It seems like every year, we get these scares out of europe/ or the usa... which results in good buying opportunities.... and oil always climbs back up to the 95-105 levels.... Unless this is the ultimate trend reversal.

Not to mention... every year theres news coverage of some event in the middle east.. Either with Iran or Syria... (perviously egypt and lybia), which will make prices jump.

Stocks = educated gambling. Do your DD

[roopi]

Originally posted by Meback
HOU.TO i think is a good buy too..

This is not a good buy for an investment. It should only be used for short term trading (days not months, years).

[Meback]

yes. short time hold. Sell on spikes. Should have clearified.

[Euro_Trash]

ERF cut their dividend in half yesterday (unsustainable at 16%). What do you guys think about picking up a company that just cut their dividend? Signs of worse things to come, or buying opportunity?

[ExtraSlow]

From my favourite Analyst:

Enerplus announced a 50% dividend cut after the close yesterday; bringing the annual yield back down to ~8%. ERF is trading down 1.5% today, which is not too far off the peer group. Although there are no charts to buy right now, I think investors should think about the opportunity in the works within the former energy trust group. The baby boomer generation is the dominant investor demographic in North America. They are tired of volatility and want yield to support their retirement. The default setting to fulfill these objectives is to look at bonds or perhaps, real estate. But bond yields are pretty much at all time lows and capital risk is very relevant if the money printing over the past four years eventually does kick start inflation.

Some of the higher quality former trusts however have sold down so aggressively that risk profiles from here are becoming increasingly low, and, even after accounting for a dividend cut, their yields will still be disproportionately high. A few of the top rated former trusts are trading down proportionate to the weaker names (i.e. ~50% since the start of 2012); where a dividend cut would probably just bring the % yield back to where it was at the start of 2012. We will see a bottoming out consolidation and many of these companies will already have cut their dividends to a sustainable level (i.e. in a low commodity price environment). If the broader equity and commodity markets start to recover from there I will probably do pretty well on a capital basis as well. I’ll take this risk / reward over bonds all day.

[bitteeinbit]

ORT had a huge day. I've been back in Asia over a month now so I don't have any short-term positions and I check the markets only sporadically. Rusal might have something big in store, or people were late on the news of the plant construction? Who knows but 18% in one day even for that stock is unusual.

[dawerks]

Market getting a kick in the teeth today. JUST when my lil CRUS shares were about to double.

Oh well, I can wait.

[davidI]

Market has been so crazy and unpredictable lately I've been staying on the sidelines. I also just got back from a month long trip through Scandinavia and Dubai.

I have a few energy holds in my TFSA / RRSP which I'm just letting ride for the long term and still hold a little CNQ & RRX in my trading account.

Yesterday I picked up some ABX and RRX. I'm still 80-85% cash but will certainly be looking for more buys at these levels.

Oil is hitting its October lows but I predict it will get up to the $90-100 level again this summer driving season. I also expect Saudi to cut back on its production at anything <$80 and the Iran situation to dust up again bringing speculators back into the game. I wouldn't say with confidence oil has hit it's mid to long-term lows...but my gut is telling me it has hit short-term lows.

CNQ and SU definitely remain two of my preferred large caps, but a lot of juniors are looking cheap again too. The biggest thing with the juniors is what their cash flow / debt situations look like. I haven't had the time to do any modeling or analysis but would like to look at ARN, NVS, & DTX. NVA and RLE are also of interest, but need more research.

If anyone has had a look at any of these and can give me a quick reason of why not to bother wasting my time that would be great.

[davidI]

Yield on CPG is also looking rather delicious.

[davidI]

Technical look at TSX, WTI, NG, Gold...

http://tsxtrader.com/daily-trade-market-review-20120627/

[ExtraSlow]

CPG is one of the top picks for yield producing oil companies. It's consistently done much better than its peers, and has a great team working for it. At these bargain prices, that's a nice buying opportunity.

not sure I'd consider it "short term" though. Six month hold at least.

[davidI]

Yep, CPG has always been a defensive play. Question will be if they can continue to pay the dividend they have or if they'll cut it and make strategic acquisitions. I think investors would hate a dividend cut so they'll likely try to continue with it as long as their balance sheet can hold up.

[dawerks]

Google announces $199 tablet. NVDA gets a pop from that.

Hope that it stays above $13 and (actually hits 26 this year). Still waiting for CRUS to 2x.

I personally think Oil will hit $80 before it his $100. But then again it's already down 22% this quarter.

The reason why I hate these commodity plays is because you're basically guessing. AND like I said before you have to guess right (ie oil going up) AND pick the stock. THEN hope they move in unison before the price of either one drops.

Too many variables, too hard, too many factors in a game that's already hard enough.

I'm telling ya, stay away from these plays. Go for the easy, 'we make stuff, we sell it and make money' plays. Tim Hortons might vary in how much coffee they sell but at least they get to set the price. Or Ipads or Google tablets :)

[msommers]

Right now isn't a good time for oil anyways. I've had one project be put on hold because the price of oil is scaring them from going ahead with it. Come November that'll all change. Well, should...I guess you never know 100%.

[davidI]

Originally posted by dawerks
I personally think Oil will hit $80 before it his $100. But then again it's already down 22% this quarter.

The reason why I hate these commodity plays is because you're basically guessing. AND like I said before you have to guess right (ie oil going up) AND pick the stock. THEN hope they move in unison before the price of either one drops.

Too many variables, too hard, too many factors in a game that's already hard enough.

I'm telling ya, stay away from these plays. Go for the easy, 'we make stuff, we sell it and make money' plays. Tim Hortons might vary in how much coffee they sell but at least they get to set the price. Or Ipads or Google tablets :)

Oil (WTIC) has hit $80. :confused: The call is more whether it will hit $70 or $90. I called it as an inflection in the short term yesterday off $80 based on technicals and we saw the bounce pull through. http://tsxtrader.com/wp-content/uploads/2012/06/20120627-WTIC.jpg
Commodity prices certainly influence companies share prices, but it's more about seeing value or identifying growth opportunities / takeover candidates.

I don't agree that consumer discretionary is that much easier...look at RIM or Dunkin' Donuts or any other brands that fall out of favour or mis-manage their product lines. Because they're more predictable their share prices may be less volatile, but that just means less reward. Risk vs. Reward. To me it's about knowing and understanding a business and identifying the winners from the losers then applying that knowledge to your own risk tolerance. If you're the type that's into dividend paying utilities that's cool, but you'll never see the huge gains many traders seek.


Originally posted by msommers
Right now isn't a good time for oil anyways. I've had one project be put on hold because the price of oil is scaring them from going ahead with it. Come November that'll all change. Well, should...I guess you never know 100%.

Sometimes it's best to buy when people are fearful.

[msommers]

Hopefully you guys with wpx.to pulled out awhile back. Ouch.

I wasn't really paying attention to my stocks for the last couple months and man did I take a bad hit (not with wpx btw). I'm looking at different sectors since most of my stuff is O&G but I'm not sure if I should wait it out until operations get in full swing again or try to make some smaller gains in different sectors in the mean time. I think my big Bowood run is over haha.

Given the crap that's happening in the EU right now, I'm leaning towards gold and also some tech companies but even they are down quite a bit (crazy how low DELL is right now).

[davidI]

I've got some ABX but otherwise I'm staying away from Gold. I think there is a pretty big risk it will drop significantly.

[broken_legs]

Originally posted by troyl


Yields are the lowest they have been since Jan 09, if memory serves me correctly. Prices at all time highs....I short the bonds here (sell high) then in a couple months if yields rise (prices fall) I buy the bonds back.

TMV is a 3X short US Long Treasury ETF, which i have used in the past.

I Want to start trading the actual treasuries.

Hows that short working out? Ever heard of ZIRP?

[dawerks]

NVDA is off to the races and its now my 'long term' hold till it doubles. CRUS is about to 2x for me.

I'm looking for any other similar plays if someone has suggestions.

I know what you mean about consumer discretionary, I'm still stuck with JMBA, ONE DAY! .. one day...when? :)

[bitteeinbit]

ORT has been going strong lately, hough I would only recommend it for a long-term hold. Keep it for a year or two and it'll easily double. Or play the waves, but the good news has been rolling in lately.

[dawerks]

Wow, as crazy as this may sound, I'm buying RIM tomorrow.

Yup, 1/3 position and I will move to full position. I've made money from RIM and I've done a bunch of reading this weekend.

Conclusion; NO Debt. + $4/share in cash. = Me buying.

It's the same reasoning I took on NVDA/CRUS/LLL, and, yeah, I might get my butt handed to me, but I'm going for it.

This is a pure speculation play and I think the risks are not as bad as the potential rewards. I remember buying OPC for a 50% gain in one day and I am thinking 'dead cat bounce' PLUS!

Wish me luck!

[msommers]

For a very short term I've thought about buying some RIMM, especially after that 20% down disaster the other day. But something in my mind keeps me away...

[Red@8]

My "magic number" for RIM was in the $5-6 range. With that said I am not sure I could pull the trigger even if I saw that price.

Good luck to you dawerks.

[davidI]

When I look at companies like RIM, I remember the mantra "Losers Buy Losers".

[KappaSigma]

Originally posted by davidI
When I look at companies like RIM, I remember the mantra &quot;Losers Buy Losers&quot;.

Im not a fan of RIM BUT the same could have been said back in the dark days for Apple....so things can easily change.

[davidI]

Originally posted by KappaSigma


Im not a fan of RIM BUT the same could have been said back in the dark days for Apple....so things can easily change.

Buy on the way up, and rather than the way down?

[dawerks]

I've made alot of money on dead cat bounces. I posted my OPC gain of 50%+ in one day and I feel this one is a bouncer. Also I've posted my losers but that's what stops are for.

I bought today (losing a bit already) but I feel ok about this trade. :)

I hear alot of talk of bankruptcy, and it's true RIM maybe a has been, but CASH never goes out of fashion. IF their money was gone already then I wouldn't be buying, but we'll see!

[Red@8]

997TT are you still playing SMF?

I've been doing quite well playing the swings on that one the last ~1/2 year, I recall you posting for it as well.

[997TT]

^ sold out of it for a .2 gain. This after holding it and being down quite a bit (when it dipped under $4).
Then days after I sold it it went just over $6. Lol
Now I'm just watching it.

[dawerks]

RIM! Booyah, well, little booyah.

JMBA! With the bust out! Finally!

Very nice to see with all the red out there.

[dawerks]

Originally posted by davidI


Buy on the way up, and rather than the way down?

Easier said than done. I like to buy stuff on sale, rather than overpriced.

It's like telling someone to buy Apple. It's still super cheap, but really, who's going to buy it now? It's still going up!

(But I don't have the trading mentality to buy it).

...just gloatin about RIM is all .. :)

[davidI]

Originally posted by dawerks


Easier said than done. I like to buy stuff on sale, rather than overpriced.

It's like telling someone to buy Apple. It's still super cheap, but really, who's going to buy it now? It's still going up!

(But I don't have the trading mentality to buy it).

...just gloatin about RIM is all .. :)

I'm trying to understand if you're a day trader, swing trader, or longer term investor?

[dawerks]

Ideally I would like to have solid long term holds. Very rarely does that happen but I have some gems in my portfolio (I've posted them before).

But trades are rarely easy to find or execute so I will trade in and out trying to lower my basis or 'just get lucky'.

I traded in and out of NVDA, and now, I'm happy to hold what I have till it doubles. Same for CRUS, but I got lucky on that one, I was in a full position really quickly and I just held through the little bumps.

JMBA is coming around recently. I just bought a little RIM but I'm happy to 'trade' it until I'm happy.

[dawerks]

2 bagger on JMBA today for me!!

It's gone parabolic, but this stock has been so up and down, I think it was a good move to take my doubler and let the rest ride.

The best thing about the stock market is FREE Shares baby. Very happy today.

STILL waiting for CRUS to double... cmon baby.

[dawerks]

And of course RIM comes thumping back down, out for a tiny gain. Should've took my bouncer and ran :)

[Red@8]

Anyone looking at CNQ here? I'm a little surprised at how much of a beating it has taken.

[Feruk]

I still don't think oil is the place to be right now. No immediate catalysts to propel it up. Staying away.

[ZenOps]

You could always buy Swiss 2 year bonds.

http://www.bloomberg.com/quote/GSWISS02:IND

Yes you are looking at that correctly, swiss 2 year bonds currently have a yeild of negative 0.35%.

Why would you want to invest in something that has an assured negative return? Because you don't want to be in a paper or electronic Euro when its purchasing power is decimated or worse (maybe a Mexico 1993 type scenario where one thousand Euros becomes one Euro)

At least with Swiss Francs and bonds, your money will be worth *something*, even if it is assuredly less.

Oh what times we live in.

[997TT]

Smf and cmk. Wow.
Total disaster on two stocks I've played in the past.
I added more cnq two days ago. I think there is a squeeze coming to cover the massive short position.

[Red@8]

I added smf today.

[cloud7]

I am still holding some SMF... not a good two days... but it will go back up for sure in time.

[msommers]

Which SMF stock are you guys referring to? SMF.TO? With a -20% today?!

SVU took a massive hit today -47%!

[Red@8]

Originally posted by msommers
Which SMF stock are you guys referring to? SMF.TO? With a -20% today?!


Yup thats the one - Semafo

[dawerks]

I'm a market optimist. But I make a totally random, off the cuff, stupid, without data call;

Ready?

I think the market tanks a FULL 1000 points from now to say November. So, 11500 now to 10500 we're headed for in less than 4 months.

Part 2;

After we hit 10,500 we shoot to 12K, no wait, 12500!

Ok, anyone wanna play this stupid fun game? :)

[Feruk]

Thoughts on seasonality play on Potash Corp and Agrium? I'm thinking about jumping into both.

[msommers]

David, whatever happened to your market blog? Get axed for not sponsoring or something? PM me the link, liked reading over it.

Been taking a really close look at TLM and WPX recently.

[Meback]

Originally posted by Feruk
Thoughts on seasonality play on Potash Corp and Agrium? I'm thinking about jumping into both.

I m thinking the same, but I wished i had the balls to buy it when POT.To was around the 40 mark, missed some upside, dont know how much more it can go up from here.

[KappaSigma]

Pretty crazy to see Nexen bought out by CNOOC.

[997TT]

^ Should've kept those shares from my 5 yrs as a employee. Haha.

[ZenOps]

Nexen is an all cash deal? Baller.

Nexen up 51% on opening bell, yowza.

[cloud7]

I guess I should have bought some despite what all the experts have said. However, even if I did buy some, I probably wouldn't buy anymore than a few thousand dollars worth, so really no big loss...

[davidI]

Originally posted by msommers
David, whatever happened to your market blog? Get axed for not sponsoring or something? PM me the link, liked reading over it.

Been taking a really close look at TLM and WPX recently.

sorry - just been really busy with work and traveling.

My focus was always energy and resource stocks have taken a bit of a shit kicking so I haven't been doing my trading lately. I will try to get some updates soon though.

NuVista sure picked up so I'm happy I held it. Just hoping for the takeover now.

I work for Nexen so today was a huge pay day for me. Time to start looking at property in Indonesia!

[e36bmw///]

nb

[Meback]

Anyone out there have any opinons on tck.b?

[davidI]

Originally posted by e36bmw///
will this deal go through?

My bet is yes. My dissertation subject was on Foreign M&A in Canada's energy sector and there doesn't seem to be any reason why the Conservatives would reject it (unless there is huge public backlash as there was with the BHP / Potash deal - doubtful in Alberta).

[Sugarphreak]

...

[dawerks]

WHOO! CRUS!! Lighting it up after hours, doubler for me, and a bit more (well, tomorrow morning that is).

I might not even sell tomorrow, we'll see :)

Thank you CRUS!

OTOH, poor NVDA :(

[chibwack]

Originally posted by davidI


My bet is yes. My dissertation subject was on Foreign M&amp;A in Canada's energy sector and there doesn't seem to be any reason why the Conservatives would reject it (unless there is huge public backlash as there was with the BHP / Potash deal - doubtful in Alberta).

I second this. Harper really wants to build a healthy trade relationship with China and cut our dependence on America, and this does both. Nexen's big, but its not theres a big enough pool of oil companies in Alberta that there won't be a backlash like with the potash deal. I'd be very surprised if this fell through.

[Manhattan]

What's the deal with Talisman? Profits are down and operating costs are up but stock price has been soaring. Is there a takeover rumor I don't know about? :dunno:

[borN]

Originally posted by Manhattan
What's the deal with Talisman? Profits are down and operating costs are up but stock price has been soaring. Is there a takeover rumor I don't know about? :dunno:

From a quick glance, poor results were ahead of analyst expectations; also aided a bit by its recent North Sea divestiture - http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/behind-talismans-massive-asset-sale/article4453889/

[Meback]

dawerks, you got any more plays you going with. Read a couple of pages back, and it seems you have been doing well. Help us out with a hot stock tip!

[dawerks]

I've been posting my buys :) CRUS is lighting it up and I'm very very happy I didn't sell.

NVDA is still a buy but I would wait for a little pullback, but maybe start a position? I think it's a future 2 bagger!

I bought a few Real estate REITs. I like TR.UN (got listed on the TSX recently, good dividend, and the only Ft. Mac play I have seen??) Also looking for others?

I like Boardwalk and there used to be HR but I didn't look to hard into these. I will be picking up another Real estate Reit as the Canadian market doesn't seem to be cool at ALL! In fact, it just keeps powering along. Anyone have some suggestions? This looks like an eeeasy way to make money. REITS pay money, they make money, they have assests, people always rent or stay at hotels. No brainer.

We are still on vacation so not doing too many trades or reading, which is nice to just sit back.

[BananaFob]

Originally posted by dawerks
I've been posting my buys :) CRUS is lighting it up and I'm very very happy I didn't sell.

NVDA is still a buy but I would wait for a little pullback, but maybe start a position? I think it's a future 2 bagger!

I bought a few Real estate REITs. I like TR.UN (got listed on the TSX recently, good dividend, and the only Ft. Mac play I have seen??) Also looking for others?

I like Boardwalk and there used to be HR but I didn't look to hard into these. I will be picking up another Real estate Reit as the Canadian market doesn't seem to be cool at ALL! In fact, it just keeps powering along. Anyone have some suggestions? This looks like an eeeasy way to make money. REITS pay money, they make money, they have assests, people always rent or stay at hotels. No brainer.

We are still on vacation so not doing too many trades or reading, which is nice to just sit back.

I picked up Artis Reit a while ago and they are still undervalued compared to their competitors in my opinion. They also look like a takeover target. AX.UN.

[Euro_Trash]

CNQ is finally making a move. Will be interesting to see if the earnings boost it over the 30 mark this week.

[Meback]

^ ive been trading this actively.. up ~2k in 6 weeks. I currently do not hold it.

Sold out of BBD.B today for a profit of 190 in my TSFA.

Currently Holding TCK.B...still losing a bit in it, hoping to make some money in the upcoming weeks on it.

[Feruk]

My strategy right now is a mix of safety in dividends and contrarian.

Contrarian:
JP Morgan (JPM:US), SCN Lavalin (SNC), Novus (NVS), Legacy (LEG). I think the nonsense surrounding the first two names is overhyped and the companies will recover from their minor setbacks. Fundamentally solid businesses both. As for the two oil picks, both have amazing land positions, and rank in top 2 of ~15 oil juniors I watch for most upside.

Dividend:
Triangle Capital Corp (TCAP:US) held them for a while, great company. Carfinco (CFN), just picked them up. Alliance Resource Partners L.P. (ARLP:US), held for a few months. Pfizer (PFE:US), looking at. I don't invest in anything to do with Canadian real estate or commodities for dividend income. The first I don't understand, the second is too volatile.

[Feruk]

Avion Gold (AVR) got bought out yesterday. With all the crap in Mali they obviously had a real bad 12 months, but what interests me is there's an 8% spread between where AVR is and where the deal currently is. Thoughts?

http://tmx.quotemedia.com/article.php?newsid=53352103&qm_symbol=AVR

[ZenOps]

JPMorgan has a potential share of $600 B to $2 Trillion coming their way. Since JPM didn't really get bailed out in either of the last two quantitative easings, they are definitely first in line if/when the US decides to print more money.

But probably not until after the elections, and probably not until the stock has dropped at least 40%.

[Mx6er]

I havent posted in awhile, but I wanted an opinion on Zargon (ZAR.TO). Stock has been beaten up pretty bad, over shrinking field netbacks and too much dry gas exposure. In their quarterly released wednesday they announced a $0.04/ share dividend cut which was largely expected by the market (was yielding 15% prior to that cut). I just bought it today taking this latest news release as a positive signal that they are trimming debt, disposing holdings, and trying to clean up their balance sheet in general. Anyone else see upside in this ? I think its a fair bet considering they are still paying 9%ish yield at current levels (getting paid to wait). Opinions anyone.?

[RawB8figure]

Anyone been following Rainbow Resources? RBW.VN

Any opinions ?

[Feruk]

ZAR.TO: Haven't looked at the assets, but the numbers look decent to me. Dividend cut was priced in and good idea. Trading just below 1P NPV. What I don't like is their gas weighting (65%), and their year end target isn't very impressive. Hopefully gas prices going up will change that as they start bringing gas back on. Their debt is as high as I would wanna see it go. Debt to FFO of 1.9 (2+ is non-investable for me). Overall, not bad, but I think there are better names out there. I own Novus in the junior space instead.

RBW: What are you buying it for? I took a super brief look. Doesn't look like they have any of their own results yet, so who knows. Previous surface samples mean dick all IMO. Proximity to mines is a good thing, but not a definite. Their market cap is a big concern and they seem poorly funded, BIG red flag there. That means if they find something, they either have to sell or raise WAY more money and dilute the crap out of your shares. Volume's not that great, so day trading's not the optimal way to play it. These things take years to go from starting drilling to production with lots of bumps along the way. You've also got probably a 95% chance of losing your money. But if you hit that 5% chance, you make a killing. I don't play these after being burned more than once, but I can tell you there are far safer choices out there.

[RawB8figure]

I am buying because they just started drilling and I am will to bet that they are going to strike good numbers in the area.. I havent bought yet, but was hoping someone here was also looking at this stock ...

[KappaSigma]

My spec position is in MGM Energy; NWT player. Lots of land for gas up there but the big thing right now is the canol oil shale. They have a large parcel adjacent to Husky big positon which they are working on right now. MGM farmed out to Shell who will be drilling this coming winter.

[dawerks]

Nice little mini-rally we have happening across the board, very nice to see late summer!

Hoping to see CRUS as a 3 bagger very soon? :)

[davidI]

I've been really busy and haven't made any posts for a while either here or on my blog so sorry about that.

I've been doing my best to follow things though and am reaching the point where I'm ready to profit take on many of my positions. My gut is telling me that we're nearing a high and that bad news out of China, EU or as we approach the US Fiscal Cliff will cause a correction. It may not be for a whlie, and I don't want to call this the top, but I think the likelihood of bad news triggering a sell-off is greater than good news continuing to push the market higher.

I do plan to keep some of my junior positions in place though as they're more influenced by company news than the macro market. NVS, RPT, RRX - for example. I'll also probably hold on to small positions in CPG and ABX, as I can still see them being somewhat defensive. I've put in a stop on NVA as I think that there must be takeover talk fueling their recent gains and thus am not taking potential profits off the table, but would like to limit potential losses.

[93VR6]

What's everyone's short term outlook for juniors on the TSX? I currently hold LEG, SGY and WCP. I'm up on all of them over the last 2 months and am wondering how much upside is left in this run we've been having, thanks guys.


I also hold IAE but that's a long term for me and a company I really believe in.

[Feruk]

Optimistic from a perspective of growth in these companies and the price of oil, but I think it'll take some time for the markets to come back to these. Money's not flowing there now and I doubt it will until there is some market confidence restored. I own NVS in this space. Looked at LEG - last quarter threw me off. Owned WCP before, fantastic company, but NVS beats them on higher netbacks, lower op-ex, less debt, higher production growth, and higher oil weighting. I don't follow SGY.

[in*10*se]

i'm all rooting on RRX since its inception.

[davidI]

Originally posted by in*10*se
i'm all rooting on RRX since its inception.

Yep. Been holding since WSX days. Wish I'd piled in more money when RRX was near it's NAV though. I really didn't expect oil to get back up to the 90's though and figured they'd be just sitting on capital for a while until prices increased.

Oh well, I'm sure there will be more buying opportunities in the future.

[dawerks]

CRUS is on fire (again). Looking for the 3 Bagger.

Someone questioned my 7 bagger of LLL, well, here you go, almost half way there! :)

[dawerks]

Close ENOUGH! I'll call CRUS a 3 bagger!

WOW! If you missed the APPL train, CRUS was a good one to have a second on :)

Onto 4-5 Bags next year. :)

[e36bmw///]

nm

[davidI]

Originally posted by e36bmw///
does anyone use interactive brokers?

Yep. It's a bit of a hassle to sign up for, but it's my favourite trading platform (I also have Questrade & TD accounts). Pretty good charting software too.

[nonofyobiz]

I just opened up a Questrade account, what is the minimum amount of money I should have to make a stock purchase? Given the $5/trade.
Is it dumb to do like $100 purchase?

oh ...what do you guys mean by 2 and 3 baggers n'such? lol

ya I'm a newb

[davidI]

To make money on a $100 purchase you'd have to make at least 10% to break even ($5 buy, $5 sell). Plus, I don't think you'll get those cheap trades on the <$1 stocks which is probably what you'd be looking at (I can't see you buying 3 shares of CNQ or SU :rofl: )

Having real money on the line will certainly help you learn, but I wouldn't be wanting to be buying anything less than $500 worth of stock even as a beginner. Maybe play with a paper account (i.e. not real money) for 6-12 months as you get your head around the markets.

A 2 or 3 bagger basically means doubling or tripling your money. 200%. 300% etc. A 10 bagger would be a 1000% gain. Generally tough to do on the bigger companies and easier on the high risk speculative trades (which also means it's easier to lose everything).

[e36bmw///]

nm

[Manhattan]

Speaking of SU and CNQ, what's your outlook on those two and also TECK Resources?

[davidI]

Originally posted by e36bmw///
davidI, what do you mean a hassle to sign up for?

Lots of paperwork.

[davidI]

Originally posted by Manhattan
Speaking of SU and CNQ, what's your outlook on those two and also TECK Resources?

Long term, very good. Short / medium term, no idea.

I would not be surprised if there are some games played to lower the cost of oil in the US before the elections. That said, I would not be surprised if another round of quantitative easing is announced next week and the US$ takes another shit kicking (price of gold / oil will have upward pressure as a result).

TCK should get a bounce because of China's infrastructure announcement.

On all 3 stocks, I'm waiting for a better buying opportunity.

[davidI]

Originally posted by davidI


Lots of paperwork.

I should clarify that I signed up many years ago so maybe things have improved. I just had to sign and submit a lot of paper...whereas a platform like QT you can just sign up for online.

[Meback]

Originally posted by davidI


Long term, very good. Short / medium term, no idea.

I would not be surprised if there are some games played to lower the cost of oil in the US before the elections. That said, I would not be surprised if another round of quantitative easing is announced next week and the US$ takes another shit kicking (price of gold / oil will have upward pressure as a result).

TCK should get a bounce because of China's infrastructure announcement.

On all 3 stocks, I'm waiting for a better buying opportunity.

I've been kinda day trading/ and doing some short term trading (nothing more then a week) on those three stocks... Have acually done quite well... (~3k profit from the past 8 weeks) I think the run up in the stock market from the past few days are gonna fizzle. I also dont think Ben is gonna do another round of QE just yet. I am gonna continue trading this way until probably mid october... then i will re-evaluate and possible buy these stocks for a 6-8 month hold (banking on a 15k profit). Hopefully everything goes back down or close to 52 weeks lows by then.

Would ideally like to hold

CNQ.T @ ~27.00
SU.T@ ~29.00
TCK.B.T@ ~26.00

ohh and POT.TO @39.00

[Feruk]

Too much Canadian for me. Congrats on 3k profit, but I wonder how much of it has to do with the general uptrend of the market. I'm concerned that Canada's done very well over the last few years and am investing more in American companies.

[davidI]

Originally posted by Feruk
Too much Canadian for me. Congrats on 3k profit, but I wonder how much of it has to do with the general uptrend of the market. I'm concerned that Canada's done very well over the last few years and am investing more in American companies.

QEIII and the fiscal cliff make me worried about US$ stocks.

[dawerks]

I'm buying a little more CRUS for the Sept 12th 'pop'. It may or may not happen, but CRUS is money in the bank.

I think it hits $60/year. 4 Bags.

87% Growth rate and with iPhone 5 coming it's only going higher. No brainer.

[JLau]

http://ca.finance.yahoo.com/news/small-company-exploring-potentially-huge-shale-oil-western-093507196--finance.html

What u guys think?

[msommers]

For the high riskers, keep a close eye on LZEN.

[Meback]

Originally posted by msommers
For the high riskers, keep a close eye on LZEN.

Why, whats the news in regards to this?

[Manhattan]

Guesses on the next CDN oil producer to be bought out? TLM?

[Feruk]

I don't have a guess, but TLM is definitely possible. I think pretty much anyone except CNQ, SU, CVE, and ECA are a possibility (by foreign company) as long as they have ok assets and their debt isn't a red herring.