Official Short-term Investments Thread

[irs]

Sorry to post this but I am a total nube!
I am looking in to getting in to trading and have no idea how to get started myself. What programs to use and what good sites to use?
Would like to start trading on stock market with some money and see how it goes.

Mostley I have invested in mutal funds through a broker, but looking to expand.

Any good coments are welcome. Please no bashing!
Thank you

[Rat Fink]

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[Rat Fink]

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[irs]

so are you signed up to the cibc investers edge?
Premium edge where you pay 7.90 a trade? up to 50 trades.

How many trades a mounth do most people do? Dosn't this get expensive?

Sorry that you have to enlighten me.

[Rat Fink]

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[irs]

that's crazy!

so do you have multiple stocks or do you just buy 1 or 2 and watch them.

Do you buy mostly the peeny type stocks to start out?

[Rat Fink]

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[irs]

What type of account to open?
1. cash
2. margin
3. short selling and margin
4. options

I am assuming it would be short selling and margin.

What is the difference between basically option 1 and 3.

[AndrewMZ3]

You being pretty new to this, I'd suggest you open a cash account that way you only have at risk money you're willing to lose.

[Rat Fink]

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[troyl]

Originally posted by irs
What type of account to open?
1. cash
2. margin
3. short selling and margin
4. options

I am assuming it would be short selling and margin.

What is the difference between basically option 1 and 3.

To start off with just get a cash account.

[Rav4Guy]

Originally posted by irs
What type of account to open?
1. cash
2. margin
3. short selling and margin
4. options

I am assuming it would be short selling and margin.

What is the difference between basically option 1 and 3.

First choice will be to open up a Cash Account.

#2 = usually means margin long account
#3 = usually means margin short account

The difference between a margin account and a cash one is that firms give loan values on equity holdings. You can then use that loan value and spend it like if it were cash in your account. You then pay interest on any amount you "borrow". So basically you're borrowing money while using your portfolio as collateral.

[djayz]

not a bad day yesterday specially for an early close...hope the new year brings the best out of the stock market even tho the US is extremely vulnerable to a recession

[natejj]

What are your guy's top picks for 2008? Mine is FXP.... an ETF that is shorting China... I think the China bubble is going to burst.

[KappaSigma]

BMK had a HUGE day. Up over 60+% and huge volume.

Possible news leak???

[bigbadboss101]

MIR did well today. Going out of town until the 2nd. What are you guys tracking now?

[djayz]

Its the holidays whos tracking anything? haha
I havent looked at my etrade account in 5 days and I dont plan on it until atleast the 2nd. Still have been checking the stock lists and markets but dont know anything about my portfolio to date :D

[AndrewMZ3]

GRW moving big right now

[liquid1010]

With the start of the New Year, I thought it might be cool to setup something where everyone picks 5 stocks that they feel will be huge this year. 5 stocks that you believe will show strong gains for 2008 - and then come Dec31st we can see who outperformed the market, and who didn't.

I'll start:
1) GCA - Way undervalued
2) AAB - Please see above
3) ETFC - Once again see above
4) RSG - expecting big things
5) GCE - I'm not too sure about this one... but I'm hopeful ;)

[RX_EVOLV]

hah the thing is I think my picks will be huge sometime this year but might lose their 15 min of fame by the end of the year.. either way..

1) VMS
2) NER
3) DLL
4) GRW
5) WHD

[broken_legs]

I'm into CMX this week for 37,000 shares.

At the end of today I was pretty happy with my decision :-)




I'm sticking with some dogs of mine for 2008

TLG.V

ADA.T

CGC.T

Kind of boring stocks but the goods are there, and for two of them they are producing mines now. With the POG at all time highs theres only one way to go from here me thinks

[roopi]

Volume picking up on SAZ. Keep it on the watch list.

[Rat Fink]

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[Rat Fink]

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[Schwa]

Guys, can anyone give insight on NOG?

[Rat Fink]

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[CaptainReboot]

Originally posted by Rat Fink
GRW is gangbusters today.

holding 180K shares. Bought 5K more this morning.

Not holding any CMX right now, but will buy back in after GRW does it's thang.

Yeah, it's going crazy right now. Volume spiked quite a bit the last hour.

[Kritafo]

anyone got L2 for GRW they could kindly post?

[Rat Fink]

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[RX_EVOLV]

frick those pics look good! next week is going to be interesting.... although i'm wondering why they post the pic now.. if they chose not to post them two months ago... is it a sign that the actual assay results are just around the corner??? or are they just trying to pump the price up.. either way...

haha does it not remind you of VMS or what! Core pics.. $0.17 to $0.70.. then shortly after assay results.. $0.70 to $1.50.. ! i'm excited

[Rat Fink]

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[bigbadboss101]

As usual, I sold minutes too early. Sold yesterday at 0.225.
I should sell every stock I have that you guys own. Then you guys can cash in and give me a percentage :-)

Buy back in at 0.27 or so?

[KappaSigma]

Originally posted by bigbadboss101
As usual, I sold minutes too early. Sold yesterday at 0.225.
I should sell every stock I have that you guys own. Then you guys can cash in and give me a percentage :-)

Buy back in at 0.27 or so?

GRW cor pics were released last night. Most likely gap up Monday morning. I dont think 27 cents well be an entry point Monday morning.

[Kritafo]

yeah I am just hoping that even with core pics the price goes up this time!

What do you think Rat Fink?

[Rat Fink]

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[RX_EVOLV]

I think it will gap up on Monday.. but if they dont release the assay result soon ( before Friday). i think the stock might cool off and fill the gap~ which I'm fine with either way, at least i dont think it will be trading below $0.26 next week.. hopefully it can build a base at least on $0.30 before the halt!

or I guess best case scenario is to follow the VMS trading pattern.... shoot up for 2 days...... then come the Halt.. assay results... reopen and close at ~ $0.75.. that would be sweettttt

[bigbadboss101]

Back to work up North after two weeks off. Great times in Calgary during the holidays.

Should be interesting this week. Couple stocks we are watching with news pending.

[AndrewMZ3]

Just looking at the pre-open bid/ask sizes, it looks like GRW will gap up this morning.

I'm considering putting half my holdings up at .38 or so and rebuy on a retrace... the only problem would be if it halts before I can rebuy.

Rat Fink, you planning on trying some penny flipping on this?

[Rat Fink]

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[AndrewMZ3]

Originally posted by Rat Fink


Ya, I'm thinking about trying to penny flip with 80K shares, and keeping 100K until news.

How are you planning to pick your flip prices at? Just on L2 support and resistance levels?

Times like this I really wish I had L2 quotes

[AndrewMZ3]

.28 @6:55

[AndrewMZ3]

Make that .285

Potential for gapping up past .30

[Rat Fink]

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[AndrewMZ3]

.29!!

[AndrewMZ3]

Originally posted by Rat Fink


Ya, the only problem is GRW is highly manipulated. A lot of the L2 info is fake. Fake walls that get pulled as soon as people start buying them, etc.

It could get tricky to find a good point to flip at, since this thing can turn on a dime. Probably more with seat of my pants judgement than anything.

Still not fully sure if I will flip any shares. Afterall, selling 80K in the .30s to buy back in a bit lower won't give me THAT many more shares.....might not be worth selling and risking having to buy that chunk back in higher. We'll see though.

With this pre-open activity, I'm thinking I'm just gonna sit on my shares as well. I'd rather miss out on a few cents than on the big jump.

[AndrewMZ3]

and .30

[AndrewMZ3]

wow, 31 with over 3mill vol 5 minutes into trading.

[AndrewMZ3]

HALT!!!

[Kritafo]

I wonder how long they will halt GRW for....it better be quick!

[Rat Fink]

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[RX_EVOLV]

can't say I am overly excited given what happened w/ CMX last week, although IMO you cant really compare GRW to CMX. On paper everything looks good, except Billminer from SH said there most likely wont be any Cooper and his opinions are highly highly respectable.

I also wished they would halt the stock tmr or Weds instead to let the core photo speculation drive the price up a little bit ( and chance for a quick flip).. but oh well! lets hope its good news!

[AndrewMZ3]

WTF?

Halt was lifted shortly, and then it was rehalted?

[Rat Fink]

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[Z_Fan]

I don't own any of the GRW stock, but I'd be super pissed about that news release.

You never know though, the price may still rise just due to core photo speculation. But that update blows and was a lousy reason to halt.

[Rat Fink]

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[Rat Fink]

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[AndrewMZ3]

It's surprisingly held pretty strong. I sold half at 26. Will try to rebuy at 23

[AndrewMZ3]

wow, wish I bought at .25 now

[Rat Fink]

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[AndrewMZ3]

rebought at .26 lol. what a waste of $20 in commission lol.

Knowing my luck it'll probably dip to .24 now.

[Rat Fink]

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[RX_EVOLV]

I think GRW will head a little bit lower before the assay, apparently a few ppl who talked to the Company were told assay closer to end of Jan.... even if that is a generous time frame we still won't see any result until next week earliest.

I'm holding on though....

[Canmorite]

Originally posted by Rat Fink
I've got 100K on the bid for CMX at .15 See if I get filled. I want to see how quick I can flip this 100K for a half cent gain. lol.

I'll shoot for a full flip today, $500 in my pocket if I pull it off.

Do you use AON orders or just limits?

[Rav4Guy]

From the looks of it.. should be on the bid side from broker 002 (RBC). Canaccord as a AON order in at 0.15.

[Rat Fink]

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[Canmorite]

Originally posted by Rat Fink


Just limits.

I show up under CIBC. I only got 56K shares yesterday. 20K filled at .15, and then I also bought 36K at .155.

I think I've seen your orders going through on CMX in the past. ~50K+ blocks, then you post the actual amount here.

[Rat Fink]

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[Rat Fink]

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[Canmorite]

What kinda of stock scanner are you using?

[Rat Fink]

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[CaptainReboot]

Originally posted by Rat Fink


The ones on both sides of my nose. haha.

Actually, I scan all the news releases that roll through the TSX and TSXV on stockhouse. I saw the news last night, and the re-release of the news this morning, and bought in.

DAMN: I see it's gained strength again.....in the 1.30s now. Oh well.

You probably don't want to know, but it's 1.57 now.

[Rat Fink]

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[CaptainReboot]

Originally posted by Rat Fink


ya, I'm watching it. I think what I made is good enough. haha. Besides, I really don't like how quick it can swing 10 cents down. At this stage the bagholders are starting to buy.

Yeah, agree. You never know what will happen. Can't get greedy.

[AndrewMZ3]

SAZ is moving quite a bit as a result of DDN

[roopi]

Originally posted by roopi
Volume picking up on SAZ. Keep it on the watch list.

Up to .16

[Rat Fink]

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[Rav4Guy]

Not to be the bid police here... but I thought you use RBC as your brokerage?

[Rat Fink]

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[SilverGS]

Wow congrats Rat Fink

Heh heh I need a nose like you and time to read as you do. Thats some good change. :thumbsup:

[Rav4Guy]

Originally posted by Rat Fink


Nope...CIBC with the $7 trades!

I have 240K on the bid at .155, 1 order for 150K, 1 order for 40K, and one for 50K.

perfect... :D just wanted to know where your bids are in relation to the market. Don't want to fill your three orders there.. . lol.

[Rat Fink]

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[Rav4Guy]

^ your order got filled for 8000 shares...

[Rat Fink]

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[Rat Fink]

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[CaptainReboot]

Does anybody else use Trade Freedom Edge? It seems like the prices are just stuck at what they were when I first logged in. Done it three times now.

[AndrewMZ3]

RSG inching upwards...

What do you guys think?

[Rat Fink]

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[AndrewMZ3]

Originally posted by Rat Fink


It's like getting naked with the hottest girl you've ever seen in your life....only she has AIDS.

That's my take on RSG. haha.


lol, someone bitter?

[aaronck]

Hey Guys
I'm currently trading with TD waterhouse, which is charging me $30+ per trade. It's convinent as it's my bank as well, so transfers are easy, is it tough to pull my account and go somewhere else?

[bigbadboss101]

For TD if you have I think 30 trades per quarter you will qualify for $9.99. Or if you have enough $ in there, same deal.

[Rat Fink]

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[Rat Fink]

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[AndrewMZ3]

Originally posted by roopi


Up to .16

.175 now

[roopi]

Originally posted by Rat Fink
Well,

DDN had quite the run. I'm kind of kicking myself for selling too early. dammit! haha.

Certainly won't stay that high though.

Over $2.00 today



Originally posted by AndrewMZ3


.175 now

You in this one as well? My average is .13

[CaptainReboot]

GRW making another run. .295

[Rat Fink]

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[AndrewMZ3]

Originally posted by roopi


Over $2.00 today




You in this one as well? My average is .13

Yeah, got in at .14

Kinda tempted to sell and go into GXL. I feel like such an idiot, GXL dipped to .22 and I had an order in at .21 that didn't fill. I should have just made a market order because it's EPS is .24

[Rat Fink]

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[AndrewMZ3]

Originally posted by Rat Fink


I'm a tad bit higher.

Filled 50K at .22, then put a 100K market order in, and CIBC took their sweet time getting it through....filled at .24

So my avg on GXL is .233/share

the .14 is directed towards SAZ.

My order in GXL was not filled. I'm tempted to sell my SAZ and get more GXL if it dips below .24 again.

[CaptainReboot]

Do you guys think GRW will dip any lower?

I want to pick up more, but each day I think it will dip and it never does, or I miss it.