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liquid1010
09-08-2008, 12:00 PM
Originally posted by Canmorite
Taken from a trader I know on another board. Overnight P&L, apparently...

http://img49.imageshack.us/img49/3341/thanksfedsvj5.jpg

:drama: Now that would suck.

Although two equities in my P&L now say losses of 50+%. Luckily they're small holdings.... :thumbsdow

Canmorite
09-08-2008, 12:05 PM
Originally posted by liquid1010


:drama: Now that would suck.



Why would it suck? :dunno:
His P&L is in the black.

liquid1010
09-08-2008, 03:14 PM
Oh crap, I read that wrong... I just saw the red arrow, and didn't read that the arrow only signified the Bid-Tick...... Reading FTW.... :banghead:

bigbadboss101
09-08-2008, 05:58 PM
Poop, killer of a day!

djayz
09-09-2008, 09:09 AM
Originally posted by bigbadboss101
Poop, killer of a day!

Wish I had a nickel for everyday that happened :rofl:

Wow markets are dying at this rate it looks like the gains from the last 3-4 years are going to be nill.

Beerking
09-09-2008, 12:05 PM
Today has not been kind to me, how long is this shit gonna go on for? Is this the beginning of another plunge?:nut:

Rat Fink
09-09-2008, 02:06 PM
.

SilverRex
09-09-2008, 02:08 PM
Originally posted by Beerking
Today has not been kind to me, how long is this shit gonna go on for? Is this the beginning of another plunge?:nut:

it's call the market fulfilling its wave 3 leg down in a bear market.

dj_honda
09-09-2008, 02:12 PM
Originally posted by djayz

Wow markets are dying at this rate it looks like the gains from the last 3-4 years are going to be nill.

This is the story of my portfolio. :( :cry: :barf:

stealth
09-09-2008, 02:25 PM
NOOOOO!

My portfolio is in the negatives!

bigbadboss101
09-09-2008, 02:35 PM
:confused:

khtm
09-09-2008, 02:41 PM
Noooooooooo...too much red! :banghead:

max_boost
09-09-2008, 02:54 PM
What a shitty week. I don't even look at my portfolio anymore. Who cares. :cry:

Beerking
09-09-2008, 03:00 PM
Lol, thanks guys you make me feel a lot better. Redrum.murder. too much red.

Oh noes!!1!11!!!

TomK
09-09-2008, 03:02 PM
Scary thing is that this is the performance we get a day after the biggest government bailouts in US (and therefore world) history.

Canmorite
09-09-2008, 03:30 PM
Originally posted by Rat Fink
She's looking ugly boys. My income is far from steady now. :rofl:

Well I had a great summer vacation but it looks as though I may have to actually go work for someone else again. haha

Dude, play futures! Just as easy to short as it is to go long, with tons of liqudity (espeically the E-minis!).

Rat Fink
09-09-2008, 03:55 PM
.

whodiman
09-09-2008, 04:02 PM
I cashed out about 5 months ago. At the time it was a bit before we peaked out and I was a bit mad at myself. Not so angry at myself anymore. Want to by back in but who knows when the bottom is really the bottom.

Beerking
09-09-2008, 04:09 PM
Originally posted by whodiman
I cashed out about 5 months ago. At the time it was a bit before we peaked out and I was a bit mad at myself. Not so angry at myself anymore. Want to by back in but who knows when the bottom is really the bottom.

Lucky you, if only I was as smart as you.:confused:

whodiman
09-09-2008, 04:35 PM
Originally posted by Beerking


Lucky you, if only I was as smart as you.:confused:

Pure coincedentally luck. I wasn't trying to time the market.

Canmorite
09-09-2008, 07:13 PM
Originally posted by Rat Fink


I got turned down for a margin account. My credit rating sucks balls from events that happened before I got into trading. (lived house poor, work cutbacks, and therefore my rating got dragged through the mud on missed/late payments).

Cash account only for this guy. Totally blows chunks......otherwise I already would've had my hand in that cookie jar.

I've been "paper trading" with my shorts and I'm sitting almost 100% success on those. aaahhh if only it were real :rofl:

Ah shit. Well some places offer minimal deposits and if you let them know you have extra for margin requirements they should consider you...

Who did you go to?

e36bmw///
09-09-2008, 10:47 PM
nm

SilverRex
09-10-2008, 08:50 AM
^^^

right now the market is in a downward spiral, I dont think anything is good until we are near the bottom or at lease DOW is near 10000

if anything my bets are in oil and gold as they are quite beaten up lately.

I think personally (at your own risk) that AUY below 8 is great buy. I truely believe gold isnt finished, its a matter of time when things turn completely the other way. The recent take over by the Fed only dilutes the dollar, hence there is no logic why the dollar index surged up.

India still demands gold, and Opec will start cutting back more supply as oil price dips to and below 100. I would place my bets in energy and metal

but given its volatility. You have to tkae your profits and look for entry, price will test many supports before it will have the legs to move much higher.

still my view on Visa, since MA broke thru its 200moving average, obviously that doesnt bold to well for both companies. I would consider visa or MA, if MA would dip to 175, where as 200 level is of the first support after the 200MA break.

bubbley
09-11-2008, 09:39 AM
Anybody look at Lehman Brothers? LEH

bigboom
09-11-2008, 09:43 AM
Originally posted by bubbley
Anybody look at Lehman Brothers? LEH


are you serious? their existence as a company is in trouble...

bubbley
09-11-2008, 09:46 AM
I think there will be a small run after sell-off of LEH! This this is goin down hill fast..maybe hit a bottom? They will be bought out soon

SilverRex
09-11-2008, 10:32 AM
ok gold has hit low of around 738ish and the ultimate support key amid maybe the last one to suggest Gold bull is still in tact is at 731 which is the 61.8% retracement support.

The buying has already picking up as AUY just few days ago would result in massive selling pressure when price of gold just dips a few dollar, but now the reverse is happening,

dips has little effect and each rise moves AUY higher. AUY is actually trading last night's close despite POG is lower then yersterday.

This signals a bottom is near if not we are in one.

I would suggest for Gold watchers on this board to considering getting back in GOld. it should be moving side ways from here, so short term take your profits and any significant breakout would command a hold.

the US market is in a wave 3 bear that will push stocks much much lower. So now its time to wait. I would see DOW to hit 10000 before any attempt to look for value.

Z_Fan
09-11-2008, 11:10 AM
How come SNO is at 0.00 - anyone know ? I can't see any news for it. Even on their own website. Is it halted for some reason?

Rat Fink
09-12-2008, 08:18 AM
.

Z_Fan
09-12-2008, 08:23 AM
So, what happens to my SNO shares? I just have them until they file and start trading again??

Rat Fink
09-12-2008, 08:41 AM
.

Z_Fan
09-12-2008, 08:58 AM
LOL good thing those shares are worthless anyhow. :)

SilverRex
09-12-2008, 01:49 PM
Originally posted by SilverRex
ok gold has hit low of around 738ish and the ultimate support key amid maybe the last one to suggest Gold bull is still in tact is at 731 which is the 61.8% retracement support.

The buying has already picking up as AUY just few days ago would result in massive selling pressure when price of gold just dips a few dollar, but now the reverse is happening,

dips has little effect and each rise moves AUY higher. AUY is actually trading last night's close despite POG is lower then yersterday.

This signals a bottom is near if not we are in one.

I would suggest for Gold watchers on this board to considering getting back in GOld. it should be moving side ways from here, so short term take your profits and any significant breakout would command a hold.

the US market is in a wave 3 bear that will push stocks much much lower. So now its time to wait. I would see DOW to hit 10000 before any attempt to look for value.


thank you GOLD, its surging and AUY has regain near 20% in two days. Fantastic, dollar index is below 79 if it can close or keep below it, this would be bearish. I see Gold to test 780 in coming days and AUY back to test 9.26 resistance.

e36bmw///
09-12-2008, 04:53 PM
nm

SilverRex
09-13-2008, 11:18 AM
^^^

well it all depends if you see price of gold to be long term or short term as well.

Because if you have faith in Gold then AUY is a good buy at current levels, otherwise you have to wait till it gets back under 8 dollars. Your view in gold also gives you confidence to cost average down.

AUY is a high risk high reward choice, if you want safer I Would place my bet on USO oil fund when oil price is at 100 and 90, you will certainly get some bounces off their

AUY is more mid term-long term I would say, and now that AUY is near its previous breakdown point around 9.26, it will either have difficulties here for a few days or it can quickly retest the low 7s.

SilverRex
09-14-2008, 08:32 PM
sweet failure in LEH and the overbought of the US dollar index is spiking gold. so far up 20+ dollars, hopeuflly this will be a good week for AUY

natejj
09-14-2008, 09:29 PM
With Oil at $100 a barrel... I think its safe to say this is not permanent... I mean, when it was at $150, all you would hear is that $200 a barrel is coming blah blah blah.... tensions between the US and Russia are on a pretty steady rise... wouldn't it be safe to say anything related to the price of Oil right now is a gauranteed golden investment right now?

liquid1010
09-14-2008, 10:13 PM
Oil's fundamental price level has been pintpointed at approx $75/bbl by many "experts".

SilverRex
09-15-2008, 06:50 AM
Originally posted by liquid1010
Oil's fundamental price level has been pintpointed at approx $75/bbl by many "experts".

whether its 75, 80 or 90 dollars a barrel , is not important, the most important thing is, its getting near the bottom.

the best way to trade it is via ETF funds

I would place my bets starting when oil hits 90 dollars, then double down as it goes to 80 and 70s. Because you know oil will be back over a 100 just a matter of time.

Similarily Gold I suspect will be a force to be reckon with once the US gov can no longer prop the dollar and the major collasp begins.

Will today be the FAMOUS black monday?

broken_legs
09-15-2008, 08:13 AM
Originally posted by SilverRex


Will today be the FAMOUS black monday?

Check out the VIX :eek:

Canmorite
09-15-2008, 08:35 AM
Originally posted by broken_legs


Check out the VIX :eek:

High VIX = Close to a bottom. Still no panic selling though.

broken_legs
09-15-2008, 08:39 AM
Originally posted by Canmorite


High VIX = Close to a bottom. Still no panic selling though.

"When the VIX is high its time to buy" :thumbsup:

Pacman
09-15-2008, 09:12 AM
Why are people buying Lehman Brothers at 20 cents when they just filed for Chapter 11?

Are they covering shorts?

Canmorite
09-15-2008, 09:16 AM
Originally posted by Pacman
Why are people buying Lehman Brothers at 20 cents when they just filed for Chapter 11?

Are they covering shorts?

Most likely. A lot of funds (apparently) who were short from months ago are covering today and just calling it done with.

Pacman
09-15-2008, 09:18 AM
Originally posted by Canmorite


Most likely. A lot of funds (apparently) who were short from months ago are covering today and just calling it done with.

Makes sense....but such a high volume of short covering? Volume is getting close to 200m

TYMSMNY
09-15-2008, 09:46 AM
speculation that they will recover or be bought.

Canmorite
09-15-2008, 10:18 AM
Originally posted by Pacman


Makes sense....but such a high volume of short covering? Volume is getting close to 200m

Lots of large-event players in there too. If theres volatility and volume, you can bet a lot of spec guys will be in there flipping 100K lots for 1-2 pennies haha.


Originally posted by TYMSMNY
speculation that they will recover or be bought.

This too.

snoop101
09-15-2008, 10:20 AM
This is why I do my DD and buy nice and slow moving Penny stocks. They don't get effected by all the big players.

jamesdean
09-15-2008, 10:28 AM
Great Thread! Helped me alot .... Thanks :)

SilverRex
09-15-2008, 11:18 AM
who here thinks the Fed will cut rates tomorrow.

So far a few heard cramer on cnbc mention he believes a cut of 50 point tomorrow

Canmorite
09-15-2008, 12:15 PM
Originally posted by SilverRex
who here thinks the Fed will cut rates tomorrow.

So far a few heard cramer on cnbc mention he believes a cut of 50 point tomorrow

Cramer's advice is as useful as a DVD rewinder.

0.25 cut maybe, but I don't think the fed will step in with another cut. 2.00% is quite low already...

liquid1010
09-15-2008, 12:42 PM
I hope they do cut it (it'll help my portfolio), but I doubt a huge cut is in the works. I agree with above that .25 may be in order.

Interesting history:

http://www.federalreserve.gov/fomc/fundsrate.htm

Canmorite
09-15-2008, 08:41 PM
Oil @ $91/bbl. $10 drop since Sunday night!

SilverRex
09-16-2008, 07:08 AM
Originally posted by Canmorite
Oil @ $91/bbl. $10 drop since Sunday night!

i suspect near term bottom of oil at 87-90 dollars, then should get some side way actions.

Time to load up on oil

Z_Fan
09-16-2008, 09:19 AM
This is what has happened to me since June of 2008 - because I have done nothing except watch the market during that time.

Market Value 1,229.33
Book Value 23,658.92
Net -22,429.59

Kinda crazy. :poosie:

djayz
09-16-2008, 09:42 AM
Originally posted by Z_Fan
This is what has happened to me since June of 2008 - because I have done nothing except watch the market during that time.

Market Value 1,229.33
Book Value 23,658.92
Net -22,429.59

Kinda crazy. :poosie:

Same boat. I went from a -50% to -5% after trading my ass off and liquidating garbage from the account. Took 2 days off from the account and account was back to -15% and now its at -55%. Not fun but I'll wait it out, most of my holdings are a long term hold now any who, just wish I could liquidate some and trade with the money out of one or two of them.

Z_Fan
09-16-2008, 09:51 AM
I think I am at a 94.8% loss just on those funds. But it's actually much worse. 97.6% loss I believe.

I think a year or two ago I had $50000.00 in the market, and today I have $1200.00.

My RRSP's, supposedly professionally managed by brilliant minds (LOL) have also lost a large portion of their value.

My son's RESP is already worth less than what was put in to it, and that includes losing the 20% the government puts in. So even those are already -35% or so just in a short while - again - supposedly in stable funds.

Basically a GIC is the only way to go! And that's a pretty fucking sad statement.

bigbadboss101
09-16-2008, 09:55 AM
Yup, I will be done with the market by end of this month. Gonna pull out soon.

Z_Fan
09-16-2008, 10:02 AM
^ I have nothing left to pull out, so I will just be a baller and let my $1200 bucks ride! :rofl:

BigMass
09-16-2008, 10:03 AM
so what's people's opinion on gold now? Even GICs are iffy because they're based on the dollar which is losing value every day. When the US dollar is worthless and the Canadian dollar is going lower against a worthless currency i begin to worry.

liquid1010
09-16-2008, 10:18 AM
Originally posted by Z_Fan
I think I am at a 94.8% loss just on those funds. But it's actually much worse. 97.6% loss I believe.

I think a year or two ago I had $50000.00 in the market, and today I have $1200.00.

My RRSP's, supposedly professionally managed by brilliant minds (LOL) have also lost a large portion of their value.

My son's RESP is already worth less than what was put in to it, and that includes losing the 20% the government puts in. So even those are already -35% or so just in a short while - again - supposedly in stable funds.

Basically a GIC is the only way to go! And that's a pretty fucking sad statement.

:eek: That's crazy. I've lost about 25% during this whole thing, but that's simply because I'm more of a bottom feeder anyway..... buying what's one sale.

Were you all in venture penny stocks (ie: RSG, CMX, etc)?

Z_Fan
09-16-2008, 10:30 AM
I thought GIC's were "Guaranteed"

???

And yeah, I lost a lot of money on CMX and RSG. As well as GLY when it crashed quickly a while back.

And, I even got hit on SNO. You name it, if it was a huge pump and dump I got raped.

BigMass
09-16-2008, 12:09 PM
Originally posted by Z_Fan
I thought GIC's were "Guaranteed"

???


What I meant when I said that GICs are “iffy” is because if you make %4 /year on a currency that’s going to plunge %50 that year to become ultra inflated, then you might as well be playing the stock market lol.

Maybe when the dollar was backed by gold it had some security. But now it’s no different than owning a tech stock back in 2000.

Inzane
09-16-2008, 12:35 PM
Originally posted by Z_Fan
I thought GIC's were "Guaranteed"

Forget GICs. My eSavings account at Royal Bank is getting a higher interest rate at the moment than any of their GICs.

SilverRex
09-16-2008, 02:18 PM
good day with AUY today, as expected any dips below 8 continues to attract massive buying and now we are back into 8.60 I see testing 9.26 soon,

very good volume closing green.

Gold price is at a critical stage, as long as it can stay above 781 I see Gold will rally back into 850 quite soon.

Oil at 91, come on only a few dollars to the magic area of 87-88. Watch CAF, if it can be had in the low 20s (22-23) it would be a very very good long term bet

SilverRex
09-17-2008, 07:51 AM
^^^

yes GOLD finally poped, I so see it coming with the MACD divergence and continuely closing above its 1 hr 200 MA. This is huge, AUY now around 9 dollars. ITs tempting to unwind my position but this breakout on the daily chart is signiciant because it ended the downward trendline as well as it bounced off its first ever 38% retracement support from its 1030 to 255 low. We are merely in the middle of our gold bull run,

WIth this, you will see analyst coming out saying how Gold is back assuming things dont suddenly drop back down to earth in a jiffy.

liquid1010
09-17-2008, 08:53 AM
I'm tempted to close my position in Gold as well.... but don't want to miss out on more upside :dunno:

SilverRex
09-17-2008, 09:00 AM
Originally posted by liquid1010
I'm tempted to close my position in Gold as well.... but don't want to miss out on more upside :dunno:

hold to at least near 10. Just because with this huge Gold surge 48+ dollars in one day, the momentum doesnt stop here.

liquid1010
09-17-2008, 09:10 AM
I'm not in AUY, I'm long calls in HUI (got in at $290) - currently sitting at $308

SilverRex
09-17-2008, 09:42 AM
wow MS morgan stanley touched 16 bucks today that is like 11 year old price

I bought some around 18, buy more if dips further

Canmorite
09-17-2008, 11:26 AM
Back into Gold and Silver. Looking at a long Natty position too if we can hold these levels.

liquid1010
09-17-2008, 11:34 AM
Originally posted by Canmorite
Back into Gold and Silver. Looking at a long Natty position too if we can hold these levels.

What did you get in at?

Canmorite
09-17-2008, 11:51 AM
Originally posted by liquid1010


What did you get in at?

Getting into the ETFs, not futures. T.HGU, T.HBU, GLD, SLV. Got in a little high for my liking, woke up late.

max_boost
09-17-2008, 11:53 AM
Gold is up up up! Can we expect to see a pullback tomorrow? Hold off a bit.

max_boost
09-17-2008, 11:57 AM
Looking at Goldcorp (G), Kinross (K), Barrick Gold (ABX), Pan American Silver (PAA) and Silver Standard (SSO).....but might not get in on any, too scared. :rofl:

rc2002
09-17-2008, 12:11 PM
Yeah I was looking at buying Barrick several days ago when it was in the 28's. It's sitting at 35 and change now.

I've decided to sit this out and not buy. My portfolio is so low that these recent events hardly made a dent in it.

max_boost
09-17-2008, 12:45 PM
Originally posted by SilverRex

Gold price is at a critical stage, as long as it can stay above 781 I see Gold will rally back into 850 quite soon.


Genius SilverRex, or was that just luck? haha :thumbsup:

SilverRex
09-17-2008, 01:11 PM
Originally posted by max_boost


Genius SilverRex, or was that just luck? haha :thumbsup:

well its all technical for me. the only surprise was, I didnt know it would rock up this fast.

im more happy about buying Morgan stanely at 18.00 it shot up to 22 and I unloaded all my position. if it dips back to 18-19 I will buy back

dr_jared88
09-17-2008, 01:43 PM
so who do you guys recommend to use a an online broker for someone wanting to do some smaller trading?

realazy
09-17-2008, 02:41 PM
Originally posted by dr_jared88
so who do you guys recommend to use a an online broker for someone wanting to do some smaller trading?

I would also like to know. I would like to get into trading next spring and am trying to learn right now.

dj_honda
09-17-2008, 02:47 PM
im trying out questrade right now. just set up my account yesterday...

used to use td waterhouse

liquid1010
09-17-2008, 03:42 PM
Originally posted by dj_honda
im trying out questrade right now. just set up my account yesterday...

used to use td waterhouse

I switched from TD to Questrade a while ago on the advice of a board member. At first I had three or four very bad experiences with them..... but all has been good over the past 4 months or so.

Gold's move today put a nice 30% boost in my portfolio! :D This just about makes up all my losses together due to this crazy down turn. Not bad for three days work. :nut:

rc2002
09-17-2008, 03:57 PM
If you have other family members that are also trading and the household value is over a certain amount (used to be $250k but I hear it's only $100k now) then the trades are cheap.

I was paying $30 a trade until I figured this out. I could've saved thousands!

e36bmw///
09-17-2008, 06:52 PM
nm

djayz
09-17-2008, 07:34 PM
Originally posted by dr_jared88
so who do you guys recommend to use a an online broker for someone wanting to do some smaller trading?



Originally posted by realazy


I would also like to know. I would like to get into trading next spring and am trying to learn right now.


Read through this thread, this topic has been covered over a dozen times. Reading through the thread will also give you some insight on how the market works as there has been several good discussions on the market and stocks to look out for lots of other good information.

Long thread I know, but it is worth it :thumbsup:

liquid1010
09-17-2008, 10:44 PM
I've been playing this Gold movement via an index (^HUI) that tracks gold companies not currently hedging their production. However I was wondering how everyone else is playing this?

I like HUI because it tends to be quite volatile due to limited hedging, but I was comparing it to GLD (Gold Shares) which seems to much less volatile. Oddly, GLD seems to share much of the upside but is good at minimizing any downside. Insights?

Canmorite
09-18-2008, 08:37 AM
HUI is an index, GLD mimicks what the futures are doing. As for what is more volatile, no idea...

dr_jared88
09-18-2008, 08:45 AM
Originally posted by djayz

Read through this thread, this topic has been covered over a dozen times. Reading through the thread will also give you some insight on how the market works as there has been several good discussions on the market and stocks to look out for lots of other good information.

Long thread I know, but it is worth it :thumbsup:

Yea, I noticed the thread started over 5 years ago though so I wanted to see who was using what now. Such as if I was reading a thread from 2000 about what program to use to download music, Napster would have been recommended. Not so much anymore haha.

But cheers for the suggestions

SilverRex
09-18-2008, 08:48 AM
POG is still looking good, after coming down fast to test 850 which is the 200 Moving average on the daily, as long as this support holds, Gold is bull all the way to test 920 which is the final retracement resistance of this year's correction.

with AUY when it was in the 7s it was dam cheap, now touching at 9.97 high, I sold all my position, sell off came back down to 9.26 and I re-entered. I suspect AUY has more leg to go as the charts show a doublebottom reverse tracks.

However I have since split my portfolio and also playing morgan stanely MS buying in the 20 and below and selling 20 above. Lets hope the volatility reminds which provides good short term pick up and profits

last night Hong kong index HSE has dropped to 16500 level and I strongly believe the bottom is in for asia. as it rebounded back to 17500 which is quite significant.

China around 1800s, its ETF fund CAF also rebounded today from low or 21-22 to 24-25. If you have multiple positions, buying one here in the 24 range is not bad but buying in the 21s is the best entry to let it sit for a year or two when China rebounds. Even buffet is eyeing to pick up another chinese investment company. China will be the place to invest when they change their policy to directly allow foreign investment flow in.

Oil also rebounded 10 dollars. Though there is a 50/50 chance oil at 91 dollars could be the bottom, but previous performence tells me price could retest. If we shall see 91 again, buying any oil ETF fund would be your 1st position here, then I would double down at around 78-80 going forward Oil still has legs to move back to triple digit.

:thumbsup:

broken_legs
09-18-2008, 08:53 AM
Originally posted by Canmorite
HUI is an index, GLD mimicks what the futures are doing. As for what is more volatile, no idea...


HBU-T is pretty volatile

Horizons ETFs move pretty good.

although they are not as highly traded as US ETFs

liquid1010
09-18-2008, 09:08 AM
I know HUI is an index, and it is far and away much more volatile - that's why I like it. It's wierd that when you compare the chart with GLD ETF there are some oddities - that's all.

dr_jared88
09-18-2008, 10:31 AM
Morgan Stanley is not looking good.

BigMass
09-18-2008, 10:47 AM
GS dying too

e36bmw///
09-18-2008, 11:05 AM
nm

Canmorite
09-18-2008, 11:11 AM
VIX above 40. Bounce?

Gold and Silver moves = :thumbsup:

SilverRex
09-18-2008, 11:42 AM
Originally posted by e36bmw///
rex what do u think i should do

got in to visa at 78.5 when the dollar was at par, so at current exchange rate i technically got in at 73.4


visa is now at low 60s, wtf should i do..sell? and get into something else or what
im getting sick of this downtrend of what is suppose to be a great stock

I think 60 is the place to get in since that is the only bright spot support I see. Being stuck high isnt great feeling, I hope you have cash to buy back some of it at lower price. Then again with the current markets there are other opporunities, such as oil. If oil would dip back to 91 and below I would highly suggesting moving your Visa into USO for the time being. Unless of course Visa dips to 60 and I believe short term the bleeding should stop

invisibleman
09-18-2008, 12:56 PM
Sorry if this is a bit off topic.. but will we see the Canadian dollar on par/surpass the US dollar again any time soon?

SilverRex
09-18-2008, 01:31 PM
^^^

I think so, just because the US gov keeps adding debt to their shoulder.

Congrad to those who bought MS under 20, it was freaky but now its trading near 24 dollars

dr_jared88
09-18-2008, 01:33 PM
Originally posted by SilverRex
^^^

I think so, just because the US gov keeps adding debt to their shoulder.

Congrad to those who bought MS under 20, it was freaky but now its trading near 24 dollars

You really know your stuff!

Canmorite
09-18-2008, 01:36 PM
Ahh-hahaha. Squeeze wat?

Nice buy on MS S-rex.