Official Short-term Investments Thread

[msommers]

HOU.TO looking pretty attractive...

[bjstare]

HOU.TO looking pretty attractive...

Not really... what makes you say that?

[BavarianBeast]

i'm still in, great returns past 2 days.

Awesome to hear my man! Tipped a few friends on it and they are all celebrating now.

[kobe tai]

Thanks, time has gone by extremely slow the last couple of months. Turns out strategically gambling a big portion of your money is stressful as fuck and takes a toll!

Lol! That’s a good plan, been looking at Ranchmen’s Club but not sure my dick has the right swing to it.

Don't know you but damn you are my hero

[BavarianBeast]

Thanks Kobe and Civic, I’m glad I was able to bet you a nice profit. No worries about the beers civic! and thanks to the beyonder who sent me an anonymous bottle of whiskey!

[16hypen3sp]

Good call on the anavex.

So I guess what we've all learned from this thread is... whatever BavarianBeast does, we should also do?

[Sorath]

SPCE

is the run over??!?

[oogaboogie]

Thank you BavarianBeast! I sold my sunken ACB shares and made it back from your advice as well!

[16hypen3sp]

Any new picks as of late?

[arcticcat522]

Hs.cn

[16hypen3sp]

Hs.cn

Wish I knew about that a month ago.... Interesting tho. I may load up next week. Doing research on it now.

[arcticcat522]

I got some at .03. Most at considerably more $ though

[16hypen3sp]

I got some at .03. Most at considerably more $ though

What is your target sell?

[arcticcat522]

Dont have much in it, if it shot to around .25, I might sell some. Will see how it plays out in the meantime. I think it has massive potential in the long run. Next few years I can dream about hitting dollar.

[suntan]

Buy anything now motherfuckers!

[taemo]

was thinking of the same thing

[msommers]

Haha like what more specifically

[taemo]

Haha like what more specifically

whatever you are invested on, buy the dip.

me im picking up more msft and aapl. maybe vgro aswell

[rx7boi]

Bought myself a bit of goodies this morning.

[jwslam]

Bought myself a bit of goodies this morning.
All my goodies went to shit.

[Disoblige]

Cash is king right now.

[v8killa]

Sold about half my shares in everything....market is too volatile for me right now.

[killramos]

Nothing like selling the dip, then buying the upswing.

[davidI]

Sold about half my shares in everything....market is too volatile for me right now.

For anyone who was trading / following the markets pre-2008 and all the Fed intervention, this recent volatility is nothing.

I guess this is the short-term "investment" thread though. Pretty sure it should be called the "trading" thread.

[FunWheelDrive]

Pretty crazy to see there is really nothing to hedge on when the market is falling, just lots of red in every sector. Sold a ton of gold and silver ETF's and miner ETF's. Made a good profit. Now sitting 80% cash.

[v8killa]

Exactly....if things go up great but I rather have cash on hand in case they continue to drop so I can average down.

[suntan]

Exactly....if things go up great but I rather have cash on hand in case they continue to drop so I can average down.

Brokers love you man.

[v8killa]

What are you guys suggesting? Keep everything status quo and just let it ride?

[Disoblige]

What are you guys suggesting? Keep everything status quo and just let it ride?
If you have stuff invested now, I wouldn't sell.

But I just wouldn't purposely buy right now unless you are ok with the risk.

I feel like we are headed lower, just my opinion.

[FunWheelDrive]

Looking back over the last couple years after every fear sell off we have had a very nice V shaped recovery (SPY and Dow) I would just wait it out if you're in cash. Wait to see a swing and momentum and scale back in. But if we get a daily bear flag vs a V shape recovery as in the past this could get worse.

[JustinL]

If you think it's going up, buy. If you think it's going down, sell. I don't see a lot of paths up, and a lot of ways this could get worse. I'm out on most of my exciting stuff... but even my boring investments are taking a big hit. Cash is the only think that is holding value right now. The US Fed only has a little bit of wiggle room with the interest rate, so they will have to get creative in how they deal with this if it keeps going. Once people start talking about the end of capitalism, you'll know we're close to the bottom.

[rx7boi]

All my goodies went to shit.

Haha, I only bought a little bit because this coronavirus isn't going anywhere anytime soon as the sell off continues.

Keep the sales coming!

[suntan]

Thoughts on AC.TO?

[ercchry]

Thoughts on AC.TO?

Good discount, probably a little early... my biggest concern on air travel would be unaffected countries closing borders to countries with confirmed cases which in essence would close down everything as even connecting flights through various countries would be an issue. But then again, what would that look like to the airlines? I would say a vast majority of cancellations would be covered by insurance, most people book flights well in advance too... hard to tell if it’s all fear based or if there is some substance behind it

[taemo]

Nothing like selling the dip, then buying the upswing.

exactly lol.

I'm actually going to buy more this year than the previous years and will continue buying as the price goes lower.

[Disoblige]

SPY gonna test $288, then 279 range. No need to buy anything right now.

[Manhattan]

For anyone who was trading / following the markets pre-2008 and all the Fed intervention, this recent volatility is nothing.

I guess this is the short-term "investment" thread though. Pretty sure it should be called the "trading" thread.

Seems most "investors" consider a few days to weeks as short term and long term is considered 6 months to a year.

Things have been too good for way too long. People don't even remember was a bear market is like.

[suntan]

I miss 2015. Markets were mostly lateral, great time to shove money in without freaking out too much.

[ercchry]

I miss 2015. Markets were mostly lateral, great time to shove money in without freaking out too much.

Unless it was O&G :rofl:

[suntan]

I have been ex-Canadian O&G for years now. I have way too much exposure due to my wife's old job.

[16hypen3sp]

For anyone wanting to jump on the shroom bandwagon:

LITT.V
MMED.NEO
SHRM.CN

[roopi]

For anyone wanting to jump on the shroom bandwagon:

LITT.V
MMED.NEO
SHRM.CN

Why were all of these up today 30%, 90%, and 40%?

[ThePenIsMightier]

Teck.B up 9% today?!?!
Fuck. Me.

[16hypen3sp]

Why were all of these up today 30%, 90%, and 40%?

Appears to be volume. Tons moving yesterday and today.

[msommers]

One month ago...


HOU.TO looking pretty attractive...


Not really... what makes you say that?

Well thank God I didn't get into that shit

[94CoRd]

Anyone able to log in to Questrade? Not working on the app or browser for last 15-20 minutes.

[16hypen3sp]

Anyone able to log in to Questrade? Not working on the app or browser for last 15-20 minutes.

May have been because the halt on the market.

[94CoRd]

May have been because the halt on the market.

No, even after trading resumed, still couldn't log in for about 1.5 hours. Platform is back up, and their customer service is giving me $50 in trade commission rebates :drama:

[cloud7]

No, even after trading resumed, still couldn't log in for about 1.5 hours. Platform is back up, and their customer service is giving me $50 in trade commission rebates :drama:

I have been able to login but it does seem a bit slow and sometimes the 'please wait' thing comes up for a few seconds. I guess everybody anxious to check how much money they have left in the account.

[16hypen3sp]

No, even after trading resumed, still couldn't log in for about 1.5 hours. Platform is back up, and their customer service is giving me $50 in trade commission rebates :drama:

Ahh, well at least you get the rebates.

[Chandler_Racing]

Way to much exposure for me with equity investments for me. Should have been less lazy with it and adjusted knowing we were in for some pain.

Good news is picked up some RBC at $89.X. Forgot I had an open order that got filled while on vacation.

[OTown]

Those using questrade... where do you see the 50$ trade rebates?

[94CoRd]

Those using questrade... where do you see the 50$ trade rebates?

I'm not too sure. When i talked to their support, they didn't indicate that I would see it, more so, it'll "happen" the next time I sell.

[ThePenIsMightier]

I'm not too sure. When i talked to their support, they didn't indicate that I would see it, more so, it'll "happen" the next time I sell.

Holy crap! Is your avatar Simple Jack??!
That's awesome!

[kobe tai]

So will we see DOW under 20,000 soon? Too soon to start buying?

[vengie]

Picked up some CNQ and SU today, of all the producers I have a very high confidence they will recover just fine.

[Chandler_Racing]

^I have a order at $18 for CNQ.

Pretty decent yield on them now ~8%.

[cloud7]

I am waiting for the cruiseline stocks to stop falling before buying back in... the knife is still falling.

[vengie]

STEP Energy down to $0.55??
I know they have relatively high debt, but I thought they were chugging along pretty decent? What am I missing?
Is this going to be a similar situation to Trican dropping to $0.50 years ago and bouncing back to $4.XX...

[JustinL]

I am waiting for the cruiseline stocks to stop falling before buying back in... the knife is still falling.

I think cruise lines will be permanently damaged by this. You have a lot of time to wait because that knife is going to get stuck in the floor. Having said that... I'm eyeballing Disney, which has a cruise line... and big parks with lots of people in them, and movies that rely on people going to theaters. I think it will take a bad beating for a little while, but once it bottoms will have great rebound potential.

[cloud7]

I think cruise lines will be permanently damaged by this. You have a lot of time to wait because that knife is going to get stuck in the floor. Having said that... I'm eyeballing Disney, which has a cruise line... and big parks with lots of people in them, and movies that rely on people going to theaters. I think it will take a bad beating for a little while, but once it bottoms will have great rebound potential.

Good point about the cruise industry but I don't think it will be permanently damaged. Some cruise lines have loyal following and will weather this better than others. It will take a few years for the cruise industry to rebound back to where it was just a couple of months ago. Hopefully, the cruise industry will learn from this and come back stronger.

[O&G]

At some point I think im pulling the trigger to start buying positions in Air canada and a las vegas company like wynn.

[RX_EVOLV]

Good point about the cruise industry but I don't think it will be permanently damaged. Some cruise lines have loyal following and will weather this better than others. It will take a few years for the cruise industry to rebound back to where it was just a couple of months ago. Hopefully, the cruise industry will learn from this and come back stronger.

Same .. cruise lines have very loyal following (myself included). A year or 2 from now i think it would be business as usual. Wouldn't mind buying some RCL at some point..definitly not now.

[Tik-Tok]

At some point I think im pulling the trigger to start buying positions in Air canada and a las vegas company like wynn.

It won't be long before a government announcement specifically for a Air Canada bailout.

[RX_EVOLV]

I'm just tracking some of the ETFs, do you guys know why there's such a difference between HOU and HOD right now?

With WTI up ~11% so far, HOU.TO is up 22% as it should, but why is HOD.TO down 33%?

[bigboom]

It won't be long before a government announcement specifically for a Air Canada bailout.

Not sure AC really needs a "bail out"
They are sitting on $6BN of cash right now with no debt coming due until next year, i think they look relatively healthy but they'll have no growth and will have to find a way to deal with this reduced revenue.

[ExtraSlow]

I hope AC goes bankrupt and is not saved by government, or anyone else.

[roopi]

I hope AC goes bankrupt and is not saved by government, or anyone else.

Why do you hope that? So there is less competition in a market that has barely any competition?

[ExtraSlow]

Why do you hope that? So there is less competition in a market that has barely any competition?

Well, I'm a dreamer, so I'm hoping they go bankrupt, the government allows more global competition, and we'll have better air service.

[Tik-Tok]

Well, I'm a dreamer, so I'm hoping they go bankrupt, the government allows more global competition, and we'll have better air service.

Basically your saying you hope Canadian aviation dies.

[Neil4Speed]

Well, I'm a dreamer, so I'm hoping they go bankrupt, the government allows more global competition, and we'll have better air service.

I don't want to sidetrack this, but if you think that there is any airline out there that is better than AC which is based out of a country with similar labor costs, your kidding yourself.

[killramos]

Basically your saying you hope Canadian aviation dies.

If it can’t stay afloat without government intervention it deserves to die.

[Tik-Tok]

If it can’t stay afloat without government intervention it deserves to die.

You could say the same thing about Alberta O&G. How much money in tax breaks did we just give them again?

[msommers]

You could say the same thing about Alberta O&G. How much money in tax breaks did we just give them again?

I'd argue it was Government involvement that has killed O&G in Alberta.

[Tik-Tok]

I'd argue it was Government involvement that has killed O&G in Alberta.

You could say the same about any major business though. Mandating that Air Canada must fly unprofitable routes to serve remote communities has hurt AC's bottom line for decades.

I'm not defending the airline's poor quality of services and bad management. I'm just playing devils advocate here.

[ExtraSlow]

You could say the same thing about Alberta O&G. How much money in tax breaks did we just give them again?

I'm a big fan of governments not choosing winners and losers in terms of industries or individual companies. Regulate as little as possible, and create a business environment where strong companies can thrive. That's all I ask for.
You guys know I'm an oil and gas guy, but propping up weak companies isn't the answer in any economic cycle.

[roopi]

Sounds like there is going to some sort of bailout/stimulus package for O&G coming next week.

[dirtsniffer]

You could say the same thing about Alberta O&G. How much money in tax breaks did we just give them again?

What money did the government give O&G in tax breaks?

[Disoblige]

Sounds like there is going to some sort of bailout/stimulus package for O&G coming next week.
Monday probably, yeah.

Wonder if those who got pay cuts are going to be even more pissed depending on what is announced?

[cloud7]

Sounds like there is going to some sort of bailout/stimulus package for O&G coming next week.

Is that why many of the O&G stocks are going up today?

[Disoblige]

Is that why many of the O&G stocks are going up today?
Yup.

[roopi]

Is that why many of the O&G stocks are going up today?

Possibly part of the reason but also oil prices have/had been up today and yesterday.

[killramos]

You could say the same thing about Alberta O&G. How much money in tax breaks did we just give them again?

I would say exactly the same thing about Alberta O&G. Please go on about all the O&G specific tax breaks we just gave them though. Very interested in these unicorns people are so interested in bringing up.

It’s government political intervention that has scared away any form of capital out of the sector for the past 5 years.

[The_Rural_Juror]

Let's start with stopping transfer payments to unfriendly provinces.

Unicorns are single women who enjoys couples according to Misterman. I don't see why that is relevant.

[Brent.ff]

holy NFLX bounce

[cloud7]

Same .. cruise lines have very loyal following (myself included). A year or 2 from now i think it would be business as usual. Wouldn't mind buying some RCL at some point..definitly not now.

It is interesting how much some of the cruise line stocks have gone up today. Norwegian stocks just went up 42% and Royal Caribbean went up 22% today.

[16hypen3sp]

For anyone wanting to jump on the shroom bandwagon:

LITT.V
MMED.NEO
SHRM.CN

Add CBDT.CN to this list. Hasn't made it's big run as of yet. Up 33% right now.

[R154]

Alright boys during this time of extreme volatility I can't believe no one is making trades.

All the people with puts on SPY nearly causing convulsive laughter. Anyone on here follow wallstreetbets for the lols?

I'm in JNUG @ 5.58 straight equity cause I love pain.

Yamana long call.

Long haul on PWM.V. Turns out I'm dumb money (period), especially so on this on. Bought in a few months ago after the rally @.18. the shit has not moved since.

my CVE position didn't make sense before, doesnt make sense now. More of an emotional buy than anything. Don't have much in it, hoping for a long shot on it.

I'm up on MFC. considering selling my position. It'll be early... but the crash is coming. I'd rather not be late.

[71/454]

What money did the government give O&G in tax breaks?

Kenney refusing to make oil companies pay their taxes comes to mind. How much is outstanding 173 million? That’s a tax break if I’ve seen one. Additionally, the government isn’t making oil companies clean up their wells and will start using taxpayer dollars to pay to clean them up.

[dirtsniffer]

So the province gave oil companies a tax break by allowing them to not pay their municipal taxes?

[71/454]

Yes. That’s in addition to the cut to corporate tax rates.

[dirtsniffer]

How can the provincial government force a company to pay their municipal taxes?

A decrease in the corporate tax rate is not a tax cut for oil and gas companies.

[71/454]

How can the provincial government force a company to pay their municipal taxes?

A decrease in the corporate tax rate is not a tax cut for oil and gas companies.

There is almost no recourse for this currently. When asked if he would take it on Kenney said he won’t make companies pay. This sets a bad example, the government has said they won’t make anyone pay, now even if you can and were paying your taxes there is no point in doing so in future.

In answer to your original question, here is the official tax cut the government gave.
https://www.alberta.ca/shallow-gas-tax-relief.aspx


Why isn’t a corporate tax cut applicable to oil and gas corporations in Alberta? I’m genuinely asking because this seem logical to me.

[dirtsniffer]

There is almost no recourse for this currently. When asked if he would take it on Kenney said he won’t make companies pay. This sets a bad example, the government has said they won’t make anyone pay, now even if you can and were paying your taxes there is no point in doing so in future.

In answer to your original question, here is the official tax cut the government gave.
https://www.alberta.ca/shallow-gas-tax-relief.aspx


Why isn’t a corporate tax cut applicable to oil and gas corporations in Alberta? I’m genuinely asking because this seem logical to me.

the shallow tax cut didn't result in the 173 million in outstanding property tax you referred to. I am not sure how the government could make them pay the outstanding amount? It was the courts that found the taxes were unsecurred debt and couldn't be recovered in bankruptcy.

Calling the corporate tax cut a tax cut for oil and gas companies is disingenuous.

[71/454]

the shallow tax cut didn't result in the 173 million in outstanding property tax you referred to. I am not sure how the government could make them pay the outstanding amount? It was the courts that found the taxes were unsecurred debt and couldn't be recovered in bankruptcy.

Calling the corporate tax cut a tax cut for oil and gas companies is disingenuous.

The original article II read stated something like 100 million was outstanding from companies still in business. However the remainder was owed by companies that are now bankrupt and could not be recovered. Kenney states he would not go after those companies still active to pay their taxes. As I said, this set the tone.

Nonetheless, tax cuts were given to oil and gas companies by the provincial government. This was your original question correct?

[msommers]

Netflix's earnings come out next week.

But PPL doe

[Kijho]

Netflix's earnings come out next week.

But PPL doe

I've just been buying PPL low and waiting for a peak and selling making a few hundred each week haha

[msommers]

Making money is always good news

[Kijho]

Making money is always good news

I'm looking at some weed stocks again, I got out long ago, but short-term some of these like Aurora and Aphria appeal to make even a thousand within a day or two even with a few cents change. (I'm only risking like $5k right now).

[Disoblige]

I'm looking at some weed stocks again, I got out long ago, but short-term some of these like Aurora and Aphria appeal to make even a thousand within a day or two even with a few cents change. (I'm only risking like $5k right now).
I understand Aphria, but the risk on Aurora even for a daytrade is not worth it. Big stinking heap of garbage. You should do a little digging into them and you'll see how much of a stinker it is. Plus they're doing a 12:1 reverse split on May 11th, so yay, more room to drop.