Official Short-term Investments Thread

[themack89]

lmao crude up 8% today. what a joke

[icky2unk]

VSN only one not moving, may park some money in that puppy.

[ercchry]

Originally posted by icky2unk
VSN only one not moving, may park some money in that puppy.

my contracts have actually lost value today :nut:

[icky2unk]

Originally posted by ercchry


my contracts have actually lost value today :nut:

Playing VSN too eh haha.

It's been pretty idle this week surprisingly.

[ercchry]

Originally posted by icky2unk


Playing VSN too eh haha.

It's been pretty idle this week surprisingly.

yeah its been pretty painful

[BavarianBeast]

Originally posted by sabad66
^ Yes for sure. Actually one of my good friends has been long in them and pumping for them for a while to me too so i was right on the brink, your post just tipped me over the edge to buy :thumbsup:

It opened at 4 but didn't hold very long and now its hovering around 3.60. Hoping it's just the day traders flipping for a quick profit and it will get back up to 4+ within the next few days.

Finally broke $4 this afternoon. It should be a quick climb to $5 IMO.

[woodywoodford]

For you guys on IB/ToS, how'd you sign up for a real money account? I like the ToS platform but it doesn't look like TD Waterhouse offers futures trading, so might need to set up an actual american margin account which sounds incredibly complicated.

IB requires $10k funding which is more than I've got right now, but I can put $5k down which should be enough to play around with eminis.

[themack89]

Originally posted by woodywoodford
For you guys on IB/ToS, how'd you sign up for a real money account? I like the ToS platform but it doesn't look like TD Waterhouse offers futures trading, so might need to set up an actual american margin account which sounds incredibly complicated.

IB requires $10k funding which is more than I've got right now, but I can put $5k down which should be enough to play around with eminis.

Yeah you'd probably need to fund an Ameritrade account with ToS to trade futures (mandatory margin account). I think the mentality is if you think signing up for an account isn't worth your time then you aren't serious enough to be trading futures.

IB has a brutally long process for opening an account. The $10k rule is bullshit, I started off with $5k and was trading whatever I wanted as long as I didn't go over my initial margin requirements.

And don't trade eminis, do spreads or something they are more margin efficient and relatively safer.

[e36bmw///]

nm

[killramos]

And it begins :rofl:

This market is a joke

[Feruk]

This one's not shocking. The rebound of the last few days based on nothing but refinery strikes was the shock. Market fundamentals in oil have not improved since three weeks ago.

[Sugarphreak]

...

[killramos]

Yea i dont day trade but im glad to see that we havent 100% eroded yesterdays gains already. If crude holds above 50 for the day it will be a good sign i think. Not hopeful though.

[woodywoodford]

Originally posted by killramos
Yea i dont day trade but im glad to see that we havent 100% eroded yesterdays gains already. If crude holds above 50 for the day it will be a good sign i think. Not hopeful though.

Testing that right now...

My money says we close under

[themack89]

Inventories rose more than double what analysts expected. Again.

They still pumping and nobody buying. Back to $45 we go, headlines already forgotten about the strike LOL

[icky2unk]

stocks didn't even falls off surprisingly

[cyra1ax]

Any advice for an absolute newbie looking to invest in something? Got about $1500 to play with and really unsure where I should put it; throw it into a short term GIC(1 year or so maturity) or open a direct investing account somewhere? I've already got way too many mutual funds for my liking and am actually looking to pull a couple out and reinvest that money elsewhere.

[Cos]

.

[sabad66]

Originally posted by cyra1ax
Any advice for an absolute newbie looking to invest in something? Got about $1500 to play with and really unsure where I should put it; throw it into a short term GIC(1 year or so maturity) or open a direct investing account somewhere? I've already got way too many mutual funds for my liking and am actually looking to pull a couple out and reinvest that money elsewhere.
what's your risk tolerance like?

[cyra1ax]

Originally posted by sabad66

what's your risk tolerance like?

Moderate to moderate-high. For this amount though I'd be willing to lean more towards the moderate-high to high risk. The money is actually coming off a BoC bond which paid basically nothing and some underperforming MF's that I've lost patience with.

Edit: Direct Investing is something that I've been thinking more and more about lately, suggestions on where to open an account? I see Questtrade has a promo on right now for free trades. Is it easier to trade with your FI?

[sabad66]

FIs are easier to transfer money in and out of. Questrade will take about 3-4 days to transfer, but the benefit is slightly lower commissions and/or free trade promos.

As for picks, I would keep an eye on this thread and do some research when something catches your eye. If you like risky, jr oil companies fit that category these days. Cne, bxe, tbe, rrx would be my suggestions to look into right now.

[BavarianBeast]

http://s.hswstatic.com/gif/easy-yo-yo-tricks-15b.jpg

[suntan]

I haven't seen a battle this intense since the fight in Michael Jackson's Beat It video.

[themack89]

Originally posted by Cos
Just remember this, no one has any clue WTF is going on. It is a huge casino. As a friend put it I talk to a lot about investing. If a guy with two PHD's in rocket science who can do algorithms upon algorithms in his head and can't make money. How can I. LOL

This pretty much sums it up. Very well put.

[ercchry]

buy low, sell high... its easy! :rofl:

right before the bell yesterday i figured i'd pickup a few contracts in WCP, MEG, SU, and RRX... sold em all today! averaging a 14.2% yield, dunno if it was premature but im taking the gains when i can in this crazy ass market

[BavarianBeast]

Decided to pick up LQDT when it dropped down to the $8 range. Thought it looked like good value.

Q1 wasn't as bad as analysts predicted, stock jumped a nice 30% today so I decied to just sell off everything.

ARIA had a nice jump today too. +10%.

BBI looking good too! Looks like those wells are gushing!

It didn't take nearly as long as I anticipated to see my portfolio recover again. I didn't think I'd be able to make it back to where I was 8 months ago for another year at least.

Hope everyone else is doing well too!

[ercchry]

i dumped BBI today, in @ 0.283 out @ .345... its got some decent daily movement so might grab it again @.31 or less

[BavarianBeast]

Results could be as early as tomorrow morning, might be outta the money :devil:

[ercchry]

Originally posted by BavarianBeast
Results could be as early as tomorrow morning, might be outta the money :devil:

damn it... oh well, was only holding 5k shares

[BavarianBeast]

I'm just messing, no idea when the results are coming out but the buzz sounds like they're good.

[riander5]

I loaded up on BBI after taking a look at nearby competitors in geoscout and some vertical well logs right beside them looked quite promising. Also according to maps my company has made they definitely should be right in the middle of the liquids rich zone. Concerns about how they will develop their field though as there are ALOT of houses there. Anyways hoping for the best for their completion / flowback results!!!

Im guessing they will either get taken out soon, or will have to keep drilling (which may not be easy for them)

Cmon BBI!!!

[thinmyster]

Who's beyond's preferred broker of choice for someone with 15-20k?

[sabad66]

Originally posted by BavarianBeast


Finally broke $4 this afternoon. It should be a quick climb to $5 IMO.
thoughts on this NR?
http://finance.yahoo.com/news/canacol-announces-35-mmscfpd-15-224224759.html

need someone smarter than me to interpret lol

[BavarianBeast]

Trading this morning probably gave you an indication!

$4.90/MMBtu @ 2% per year is a good deal for Canacol. It equates to about $75M dollars in revenue per year.

Edit; looks like I was wrong, perhaps everybody was expecting the contracts to be at a higher price. I still thought it was a good deal.

[GT.....O?]

Im in for the long haul with BBI... was in at .24/share.. going to hold for a while.. im not willing to risk selling and missing the well results spike...

Im hoping that the good news from BBI isnt clouded by some shitty oil drop..... :drama:

[riander5]

Originally posted by GT.....O?
Im in for the long haul with BBI... was in at .24/share.. going to hold for a while.. im not willing to risk selling and missing the well results spike...

Im hoping that the good news from BBI isnt clouded by some shitty oil drop..... :drama:

So are you holding even if they have a spike due to well results?? They have like 27 MM in the bank, the wells are still economic but it might be slow going for a year or so after these two.

[GT.....O?]

There always options even with a low budget....

If other companies believe there is big value in the large amount of land they bought, I imagine that they could work out some pretty wicked farm-in agreements.


Depends how much they spike I guess, Id have to be a fool not to cash out if i double or more..

[Cos]

.

[Mitsu3000gt]

Originally posted by thinmyster
Who's beyond's preferred broker of choice for someone with 15-20k?

Questrade is hard to beat...and I would think that goes for just about any amount.

[ercchry]

Originally posted by Cos
Did a little better today. Back up on top after a week. Also picked up some BR and AKT.A for decent prices. The former because I figure if you get laid off you'll drink a lot, the later because I figure at the 52 week low it is probably a decent price for when the market comes back around.

do you have something against volume? :rofl:

[Cos]

.

[themack89]

Originally posted by Mitsu3000gt


Questrade is hard to beat...and I would think that goes for just about any amount.

Do not advise on matters of which you know nothing

[davidI]

Originally posted by Mitsu3000gt


Questrade is hard to beat...and I would think that goes for just about any amount.

I used Questrade, Interactive Brokers, and TD Waterhouse.

Questrade would be my last pick.

[BavarianBeast]

BBI is looking really good!

[Sugarphreak]

...

[roopi]

Originally posted by Sugarphreak
So... why are people bashing Questrade?

I use them and I have no complaints; quick trades, low commissions, and a decent platform... what is the issue?



Waterhouse?

I used them for years and years, they were awful in virtually every aspect, unless they have changed dramatically in the last couple of years.

No complaints with Waterhouse. Good research, good commissions. What else do you need?

[ercchry]

Originally posted by Sugarphreak
So... why are people bashing Questrade?

I use them and I have no complaints; quick trades, low commissions, and a decent platform... what is the issue?


the "risk review" when i try and drop high quantity contracts pisses me the fuck off... like right now... BAD just hit 50% yield, i go to sell... and nope... nope... risk review... 10min later it drops down and my order does not execute :banghead:

[GT.....O?]

Originally posted by BavarianBeast
BBI is looking really good!


I bet results are out in the next two weeks.... really looking forward to it

Found this one Stockhouse:


NATIONAL BANK FINANCIAL:

Blackbird is set to report significant catalysts to the market, to validate its land position to support an ultimate resource value on the order of $3.00 per share. For those investors with an appetite for high impact torque around upcoming catalysts, BBI is certainly one of the only relevant targets in this market. In conjunction with this note we are initiating coverage of BBI.

Given Blackbird is at the infancy stage of development at East Elmworth and is not expected to bring production on stream until late calendar 2015, we have chosen to exclude a comparables section. Blackbird is unique to our coverage universe given it is pre-production and pre-cash flow for much of our published estimate horizon. For perspective, Blackbird currently trades at 13.2x 2016e EV/DACF vs. the resource gas peer group at 7.7x.

We are initiating coverage of Blackbird with an Outperform rating and $0.70 target price. Our target price is predicated on an updated valuation methodology that solely reflects a cash flow multiple and is correlated to an asset value perspective (from prior base cash flow multiple plus risked upside). For Blackbird, our target price is based on a 31.3x 2016e EV/DACF cash flow multiple as the company is currently pre-production and pre-cash flow and we believe considerable value could be unlocked across the companies land base. This compares with the resource gas peer average of 8.9x. This target price compares with a 2016e P+P NAV of $0.30 per share plus an estimated resource upside at its Middle and Upper Montney projects at west Elmworth of $0.40 per share, which implies a risk factor of 13%.


Read more at http://www.stockhouse.com/companies/bullboard/v.bbi/blackbird-energy-inc#G7fHGqACJueLlhTW.99


As well as this....
BlackBird February 2015 Exec. Letter (http://www.blackbirdenergyinc.com/i/misc/Executive-Letter-February-2015-Final.pdf)

[Sugarphreak]

....

[ercchry]

60 contracts... so far have lost $750 cause now its treading back down... i had my fucking order in right at the god damn peak :banghead:

[ercchry]

chatted with them... guy is checking with his team lead to see if they can turn that shit off... threated to switch to VB so we'll see what happens :whipped:

[killramos]

PWT up ~90% in just over a week of trading... Someone has made some money there. Consistent 10% a day increases.

Wait until earnings i could see that one taking a huge crash.

[ExtraSlow]

I have a buddy who went hard into PWT. I has making fun of him when he did it. I have stopped now.

[BavarianBeast]

Originally posted by GT.....O?



I bet results are out in the next two weeks.... really looking forward to it

Found this one Stockhouse:




As well as this....
BlackBird February 2015 Exec. Letter (http://www.blackbirdenergyinc.com/i/misc/Executive-Letter-February-2015-Final.pdf)

Over 3M shares today. Results look like they should be out this week at this rate.

Looks like Canacol is getting raped by the MMs this afternoon. Nice bear raid before earnings soar tomorrow?

[ercchry]

well... managed to dump 40/60 BAD contracts... was an average of just under $0.10 less than what i wanted, but at least this position is a lot more of a reasonable size now and yield was still ~40%

and grabbed some CNE at $3.42 a few min ago... lets see how good you guys are :bigpimp:

[BavarianBeast]

Originally posted by ercchry
well... managed to dump 40/60 BAD contracts... was an average of just under $0.10 less than what i wanted, but at least this position is a lot more of a reasonable size now and yield was still ~40%

and grabbed some CNE at $3.42 a few min ago... lets see how good you guys are :bigpimp:

Good luck!

My portfolio is 52% CNE haha.

[ercchry]

:rofl: yeah... i grabbed under 5% (on portfolio)

[riander5]

CNE is looking attractive. I may diversify a bit after the big BBI announcement and split between CNE and JOY.....

[Env-Consultant]

Come on PWT, 30 more days like that and I'll be able to retire :thumbsup:

[CompletelyNumb]

Originally posted by ercchry


the "risk review" when i try and drop high quantity contracts pisses me the fuck off... like right now... BAD just hit 50% yield, i go to sell... and nope... nope... risk review... 10min later it drops down and my order does not execute :banghead:



This!

Questrade has cost me thousands. Try to offload ten million pink sheet stocks and it goes to a risk review. Takes forever to post. Stupid.

[e36bmw///]

nm

[BavarianBeast]

Wonder how CNE will look this morning :)

[killramos]

And here i thought (prayed) that LRE might take a jump on news. Well this is going to be a fun year.

:banghead:

[sabad66]

Originally posted by BavarianBeast
Wonder how CNE will look this morning :)
looks like it's a gusher compared with other conventional dry gas wells. I wonder why the price isn't moving much though :dunno:

[BavarianBeast]

Originally posted by sabad66

looks like it's a gusher compared with other conventional dry gas wells. I wonder why the price isn't moving much though :dunno:

I can't figure it out to be honest. I've been following this stock for 2+ years and still don't understand how it moves up. On days with excellent news its often down and than during quiet times the stock randomly runs..

[woodywoodford]

Originally posted by CompletelyNumb




This!

Questrade has cost me thousands. Try to offload ten million pink sheet stocks and it goes to a risk review. Takes forever to post. Stupid.

Add me to that list, questrades fine if you're only doing long term trading but if you want to time your orders keep looking...

[themack89]

Beyonder's only read what they want to hear.

I don't know how many times I've said most brokers suck complete dog shit compared to IB (for retail anyways). But nope! Ignored haha

I might have to shut down the trading account pretty soon. :( Can't have my only source of income from something so inconsistent. About to be done work for a while.

[Cos]

.

[ExtraSlow]

I think I have firmly established my investment credentials on this site. I don't know why anyone ever listens to me.

[sabad66]

Originally posted by Cos

Fuck, I should have done it, I would have had enough to pay off my truck, it was like $1.10.
pwt wasn't quite down to 1.10... the 52 week low is 1.72. but yes it has almost doubled from that point if you somehow got in right on the bottom.

either way nobody could've predicted that... was pretty much gambling imo. don't kick yourself, new opportunities will always come up

[Cos]

.

[davidI]

Originally posted by Sugarphreak
So... why are people bashing Questrade?

I use them and I have no complaints; quick trades, low commissions, and a decent platform... what is the issue?

Waterhouse?

I used them for years and years, they were awful in virtually every aspect, unless they have changed dramatically in the last couple of years.

Questrade has horrible reporting, shitty interface, no research, and basically sucks balls. There are some shady charges with some trades as well and it's tough to figure out what you're actually being charged in commission unless you really dig and do the math.

IB has low commissions, good charting, but poor research (although there are likely options if you pay for it).

Waterhouse trades are expensive, but great research and a solid platform.

If you're a day trader interested in TA, access to research, or just the type that buys into hype, IB is the way to go.

If you're a longer term investor wanting an easy interface, more support, and good research, Waterhouse (or other bank brokers) may be your best bet.

My pick of the 3 I've sampled is:

#1 IB
#2 TD
----
#Last Questrade

[woodywoodford]

^^ To add to the gripes with Questrade, I've had a withdrawal request for my funds for four weekdays now. Nothing, and the guy on the chat is completely useless.

- At first glance they have a "professional grade" interface that sucks aspiring traders in, but after playing with ToS and NinjaTrader for a while, Questrade feels like a figurative kindergarten coloring book. A lot of fluff, zero substance.

- They advertise cheap commissions like $0.01/stock and commission-free ETF's or whatever, but in the year that I used QT my commissions were always (significantly) more than they should have been based on those advertised rates, and you have no detail about how they're calculating them.

- Commission free ETF's only applies to certain ETF's. I think I actually had it work when I bought SPY once, but then you pay a ridiculous exchange rate on the USD. The whole purpose of commission free ETFs is that you can buy a couple hundred bucks worth each month as a savings plan and avoid commissions, but the FX kills it and when I tried XSP (TSX listed) instead I had to pay something like $8 of commission for the 40 shares (on each side of the trade), which again doesn't calculate with their "low commission" schedule.

[realazy]

Originally posted by woodywoodford
^^ To add to the gripes with Questrade, I've had a withdrawal request for my funds for four weekdays now. Nothing, and the guy on the chat is completely useless.

- At first glance they have a "professional grade" interface that sucks aspiring traders in, but after playing with ToS and NinjaTrader for a while, Questrade feels like a figurative kindergarten coloring book. A lot of fluff, zero substance.

- They advertise cheap commissions like $0.01/stock and commission-free ETF's or whatever, but in the year that I used QT my commissions were always (significantly) more than they should have been based on those advertised rates, and you have no detail about how they're calculating them.

- Commission free ETF's only applies to certain ETF's. I think I actually had it work when I bought SPY once, but then you pay a ridiculous exchange rate on the USD. The whole purpose of commission free ETFs is that you can buy a couple hundred bucks worth each month as a savings plan and avoid commissions, but the FX kills it and when I tried XSP (TSX listed) instead I had to pay something like $8 of commission for the 40 shares (on each side of the trade), which again doesn't calculate with their "low commission" schedule.

Questrade charges ECN fees for all trades now, it used to be only when you remove liquidity, but now I've noticed that even when you use a limit order that it charges ECN fees.

It's $0.0035/share for equities >$1, and $0.00008/share for equities <$1.

http://www.questrade.com/pricing/exchange_ecn_fees

On the commission free ETF buys, it works for me. They still charge the ECN fees, but it's only $0.0035/share. I've started a couch potato account and I've been buying in small lots and have only been charged the ECN fee.

[roopi]

Originally posted by davidI


Questrade has horrible reporting, shitty interface, no research, and basically sucks balls. There are some shady charges with some trades as well and it's tough to figure out what you're actually being charged in commission unless you really dig and do the math.

IB has low commissions, good charting, but poor research (although there are likely options if you pay for it).

Waterhouse trades are expensive, but great research and a solid platform.

If you're a day trader interested in TA, access to research, or just the type that buys into hype, IB is the way to go.

If you're a longer term investor wanting an easy interface, more support, and good research, Waterhouse (or other bank brokers) may be your best bet.

My pick of the 3 I've sampled is:

#1 IB
#2 TD
----
#Last Questrade

Waterhouse is no longer expensive IMO. $9.99 per equity trade for a regular client. $7.00 per equity trade for an active trader? For an active trader the $7.00 is great for the active trader platform you get.

[roopi]

Originally posted by BavarianBeast


I can't figure it out to be honest. I've been following this stock for 2+ years and still don't understand how it moves up. On days with excellent news its often down and than during quiet times the stock randomly runs..

Buy on Rumor, Sell on News.

[themack89]

Did you guys know you can get paid to execute a trade? *Gasp*. Yes, it's true.

[BavarianBeast]

Originally posted by roopi


Buy on Rumor, Sell on News.

When I first traded them, that's what I thought.. Damn these guys must leak their news hardcore before release!! Now I just don't get it.

I have faith in the company, but the way its traded makes me want to dump it.

[roopi]

Originally posted by BavarianBeast


When I first traded them, that's what I thought.. Damn these guys must leak their news hardcore before release!! Now I just don't get it.

I have faith in the company, but the way its traded makes me want to dump it.

Another classic 'Don't fall in love with a stock/company'.

If you've made a decent profit sell a portion of it and let the rest ride maybe.

[e36bmw///]

nm

[icky2unk]

Well we started the ball by kicking off with some nice earnings :D

[ercchry]

I like that KEL is finally moving... only holding 140 contracts... no big deal :rofl:

[themack89]

Originally posted by e36bmw///


So is Thailand booked?

Oh fuk yah. :burnout:

[BavarianBeast]

Originally posted by roopi


Another classic 'Don't fall in love with a stock/company'.

If you've made a decent profit sell a portion of it and let the rest ride maybe.

I did about 8 months ago.

I bought a ton of shares in 2012-2013 when the stock was below $3. Sold half my position when it was above $8. Watched the other half fall below $2 and then averaged my position down to $2. I could sell now and see a great profit but I just don't think CNE has the respect it deserves yet.

[BavarianBeast]

Bit of a tug-o-war this morning with CNE. Guess the market didn't know how to take the news. I think many O&G companies would kill to have a quarterly report like theirs in this market..

[e36bmw///]

nm

[-relk-]

Anyone here use margin much? Looking into it ever since they opened up a margin account for me instead of the cash one I originally went in for, and the tax deduction on the interest gets me interested.

I am looking at around a 1 year timeline for the money, as I want to purchase a car with it in about a year or so (not set in stone, can delay that if market is down). Would parking the money in something like FTS or AQN on 50% margin be a good idea? Pretty good dividends on these guys, and hopefully a little growth along the way too.

Are there any specific strategies to investing with margin, or is it just higher risk investing with potentially higher rewards and higher losses?

[Feruk]

Borrowing money for high risk investments is a loser's game IMO. If you're gonna invest with borrowed money, it should be to safely grow a well balanced portfolio, not for a one-off win. The only way I've seen it work well long term is putting it into something safe that pays a good dividend. That way your growth + dividend easily covers your borrowing costs. A great example has been Canadian banks.

[woodywoodford]

Originally posted by -relk-
Anyone here use margin much? Looking into it ever since they opened up a margin account for me instead of the cash one I originally went in for, and the tax deduction on the interest gets me interested.

I am looking at around a 1 year timeline for the money, as I want to purchase a car with it in about a year or so (not set in stone, can delay that if market is down). Would parking the money in something like FTS or AQN on 50% margin be a good idea? Pretty good dividends on these guys, and hopefully a little growth along the way too.

Are there any specific strategies to investing with margin, or is it just higher risk investing with potentially higher rewards and higher losses?

I made a solid 60% in 4 months with margin, then lost a solid 90% in 1 month because of margin. It works, but be aware of your behavioral biases because it'll bite back twice as hard as it gives.

[ercchry]

Well... looks like its one of those buying kind of days...

[ercchry]

that was short lived... should of bought more before i left the house :cry:

[Sugarphreak]

...

[Type_S1]

I would hold it, market usually over reacts to stuff like this. Sell If you have some other companies who will net you greater then the rebound of SNC though

[roopi]

Originally posted by Sugarphreak
I just realized I am sitting on a mountain of SNC stock... and they have just been charged by the RCMP or something 2 days ago.

So I've already suffered a pretty heavy loss. Should I hold it, or should I sell it?

Opinions?

Loss percentage right now? Are you in need of the cash? Person ally if you don't need the money and you can hold then collect the dividend and wait it out. This company will be around.

[GT.....O?]

Originally posted by Sugarphreak
I just realized I am sitting on a mountain of SNC stock... and they have just been charged by the RCMP or something 2 days ago.

So I've already suffered a pretty heavy loss. Should I hold it, or should I sell it?

Opinions?

Wasn't it you a couple months ago, that said one of your biggest, early-trading-days mistakes, was holding onto stocks that were down and hoping for them to go back up, vs taking a loss and investing in something else what would have made you more money/covered your loss faster?

Not trying to sway you either way. I tried searching for the post but couldn't find it.

[Sugarphreak]

...

[Magic8Ball]

Originally posted by BavarianBeast


I did about 8 months ago.

I bought a ton of shares in 2012-2013 when the stock was below $3. Sold half my position when it was above $8. Watched the other half fall below $2 and then averaged my position down to $2. I could sell now and see a great profit but I just don't think CNE has the respect it deserves yet.


You have have been invested with Canacol for quite a while, any insight as to why there is so much pressure on this stock these days?

Hehe took a position not too long ago and the share price doesn't seem to match the positive outlook for this company...

[FlamingC19]

Check out TGZ...TGZ has money in the bank and is debt free. They produce over 220,000 ounces of gold and the market cap is only $200 M. Their peers mining in the same geography and producing the same numbers trade at a market cap of roughly 1 billion. TGZ is a no brainer with little downside. Takeover target big time, but that won't be good, as they have more potential of getting to $3 to $4 share price within 2 to 3 years on their own. Take over would get $1.50 minimum today.

[Feruk]

Originally posted by scotty_69
Check out TGZ...TGZ has money in the bank and is debt free. They produce over 220,000 ounces of gold and the market cap is only $200 M. Their peers mining in the same geography and producing the same numbers trade at a market cap of roughly 1 billion. TGZ is a no brainer with little downside. Takeover target big time, but that won't be good, as they have more potential of getting to $3 to $4 share price within 2 to 3 years on their own. Take over would get $1.50 minimum today.
EPS is $0.05/share vs $0.19/share last year. That's one concern. The non-current liabilities sky rocketing makes me think they just pushed out debt, but I didn't look. Revenue down, operating cash flow down, earnings down, all despite less capital expenditures. All these seem pretty concerning IMO. Take over today wouldn't be more than 15X earnings, which is $0.75. Looks like in 2014 they couldn't get their costs figured out, and the current price is a pretty fair reflection of what it's worth. Production numbers make no difference if you don't make money on it.

[ZenOps]

You guys might know this.

Are there any regulations/limitations on personal Canadian accounts for shorting the Dow?

I know its illegal or heavily frowned upon to do naked short selling, but its ok? for as long as its not leveraged.

Any derivative stock tickers out there that are say 1 to 2x Short Dow (do they even do that?)