Official Short-term Investments Thread

[SilverRex]

Originally posted by sneek
:( I have APPL and RIM.TO...this is a horrible past few weeks. Good think I sold off a good chunk of my RIM a while ago. I might consider picking some up if it dips into the high 50's to average down.

yeah RIMM has the potential to hit 60 imo, im not a fan of RIMM, I do see the future continues to be in the hands of apple. Apple currently at around 125 is getting attractive.

[Canmorite]

Seconded on Apple. Outlet store just opened here in Calgary, and demand for their products is still strong. Their fan base is incredible.

What a lot of people are recognizing is the amount of market share they're gaining. The generation who grew up with Apple will most likely return to Apple in the future for a new computer/accesory purchase. Repeat customers FTW!

[SilverRex]

Originally posted by Canmorite
Seconded on Apple. Outlet store just opened here in Calgary, and demand for their products is still strong. Their fan base is incredible.

What a lot of people are recognizing is the amount of market share they're gaining. The generation who grew up with Apple will most likely return to Apple in the future for a new computer/accesory purchase. Repeat customers FTW!


no kidding, I personally never had apple products but my brother since the Iphone came out in canada, he and two of his friend suddenly bought one and now they are crazy over it. So is my sister who now has a itouch, ipod and nano. crazy times

[e36bmw///]

nm

[e36bmw///]

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[SilverRex]

Originally posted by e36bmw///
so should oil fall again? say 90s? or are we just going to see low 100s


I hope so, unless I have load of cash then investing at current levels isnt bad at all if I can hold for 6 months out. But since cash is tight because im playing gold and visa. I'll wait.

who knows im hoping oil could hit 85 as a divergence and form a solid support. Then its all up from there,

[e36bmw///]

nm

[Canmorite]

ERtDaAtkvhQ

:rofl: :rofl:

[ChappedLips]

hahahahah that is awesome

[djayz]

:rofl: that was great but :barf:

[SilverRex]

Originally posted by e36bmw///
haha your in visa too hey
im really hoping the results are goon at the end of oct
cause i want to sell it, and go on

the only thing I worry is that if the banks decided to sell their visa share to raise capital that could be bad.

So there is a down side risk to it. Which the way I see it is opportunity to add to my position. Since I dont think visa is the type of company that will disappear, in fact few years from now, Visa will be one of those big names you hear every quarter (not that they havent already been mention all the time)

So looks like the 700b bill is going to pass. Welcome to a lower dollar ;)

[liquid1010]

Originally posted by SilverRex

So looks like the 700b bill is going to pass. Welcome to a lower dollar ;)

I`m very curious how this will affect Gold. One would think it should further the bullish gold trend based on its link to the US dollar, but some may view this bailout as a stabilizer and therefore move out of save havens and back into the equity markets as a whole.......

[e36bmw///]

nm

[SilverRex]

Originally posted by e36bmw///


that could be bad
but hopefully it will be ok

so whats now boys, gold or oil?

looks like oil is coming down hard after unable to beat the 110 resistance.

anything at or below 100 I 'll be looking to load up.

Visa is about to open below 60.00 that will be interesting one as well. Could Visa test its 52 week low at 55? or how bout retesting its IPO price at 44?

let see one position at 60, one at 55 and one at 50 then 45 I'll set those as my buy limit.

for me, as long as gold continues to be above 850-857 (now) I still see it as bullish.

[Rat Fink]

.

[SilverRex]

wow Mastercard is almost below 170 amazing stuff here

Visa below 60.0

very tempting

Apple just had a new 52 week low

[SilverRex]

wow price of gold is about to break out from its bullish flag pattern, could this be it (FINALLY) Im hoping it will because im all loaded up on AUY below 9 and 10 dollars and ready to rock

[broken_legs]

Holy Crapple, look at AAPL

[revelations]

Originally posted by Rat Fink
Stopped out of SU at 44.90

Bought more QEC at 1.98

qec.to ought to be picking up by tomorrow, if not later on today.... unless monday pessimism prevails

I might jump in later on today.

[SilverRex]

surely this is the market at its worse. Now is it time to buy when others are fearful? lol

interesting time indeed. lets look back 5 years from now that there are quite a bit of good stocks outthere at rock bottom prices

definately butterfly going up this coaster before the rush downward. :nut:

[DJ_NAV]

How are you guys trading?? thru e-trade?? I have been following stocks for the last 2-3 months to get a hang of it, and I think finally I might want to get in these deals. I only have about 12-15k to play with. What bank/website would give me the lowest trading fees?

[revelations]

questrade.com - $5 trades

[ckangarloo]

I've been following this thread for quite some time as well. Thanks so much to all the posters here. Lots of good info!
I am opening an account through Q-trade with about 15k to play with. Q-trade looks pretty user friendly and has relatively low fees. Not sure if it is the preferred broker; I believe credential direct is popular as well.

Speaking of gold: what do you trade? IAU? IGT? XGD? or gold company stocks? I'm pretty bearish on it right now.
Same goes for oil: I've been following USO for a bit. Might jump on that soon.

[natejj]

Got into USO today at 79.42. I'm pretty happy with that.

As for gold, I'm taking the high risk approach and playing the juniors. My pick right now is TSX:SKV

[DJ_NAV]

Q-trade sounds awesome.. 5$ trades and I got a $50 coupon code on the net too.. so that gives me 10 free trades :)

[SilverRex]

bailout vote happening now.

[ckangarloo]

Where did you get the coupon code?

[SilverRex]

cnn live report voting, 5 mins to go

150 yes to 144 no so far

[DJ_NAV]

i just googled "questrade coupon code". there is one called redflagdeals.

[SilverRex]

wow loosing 167 to 172

[DJ_NAV]

so no bailout.. right?

[e36bmw///]

nm

[Canmorite]

No bailout. Rejected. Close though.

[SilverRex]

market tanked 480 pts and fast

[SilverRex]

gold surging

[SilverRex]

holy mother apple at 100 dollars and mastercard at 150

[SilverRex]

you know what this may be the true black monday, DOW down over 500 pts now

[SilverRex]

some crazy action,

MA regain 8% talk about bargin hunting

[djayz]

damn it...went for a shower at the wrong time! :banghead:

[e36bmw///]

nm

[Canmorite]

Re-vote. Looks like it will pass....WTF.

[e36bmw///]

nm

[djayz]

wow...

wonder whats going to happen at the presidential election if they fuck this up this badly.

it's like electing obama and then saying ohh shit he's black! revote!!!

[Canmorite]

Originally posted by djayz
wow...

wonder whats going to happen at the presidential election if they fuck this up this badly.

it's like electing obama and then saying ohh shit he's black! revote!!!

Appeasing angry anti-wall street folks with the first vote. Then showing them what it would do, scare them into liking it, then re-voting to pass it.

Awesome.

EDIT: Something is up. It's not going through or some shit. WTF is going on...

[bigboom]

Originally posted by Canmorite


Appeasing angry anti-wall street folks with the first vote. Then showing them what it would do, scare them into liking it, then re-voting to pass it.

Awesome.

revote with almost 100% acceptance...wtf.

[SilverRex]

Mastercard regain nearly 20 dollars off 150 low

[bigboom]

looks like its been denied again...wtf is going on.

[Canmorite]

Apparently a re-vote is a very un-common practice and is not allowed. Quoting BNN here.

[e36bmw///]

nm

[djayz]

yah im watching bnn...the guy on bnn is just as confused as me.

wtf was that one guy in congress talking about commemorative coins for? :nut:

[Canmorite]

Originally posted by djayz
yah im watching bnn...the guy on bnn is just as confused as me.

wtf was that one guy in congress talking about commemorative coins for? :nut:

Nobody knows whats going on. BNN is stating quotes from both sides saying bailout went through, and it didn't go through. Even experts are at a loss.

[djayz]

should just halt the market and sort this shit out, it causing chaos and uncertainty...and who the hell is going to trust these idiots now?

[Canmorite]

Originally posted by djayz
should just halt the market and sort this shit out, it causing chaos and uncertainty...and who the hell is going to trust these idiots now?

Doubt they will. They have to hit the limit down before it's halted.

[cdnsir]

As of 5mins ago. Reuter is saying rejected at 228 - 205. I think it's settled???
:confused:

http://www.reuters.com/article/politicsNews/idUSTRE48S6BD20080929

[SilverRex]

the asia market will go nuts tonight, I cant think of any reason gold would not be able to breakout tonight

[bigboom]

yeah its been rejected...should be a fun afternoon. :(

[cdnsir]

Originally posted by SilverRex
the asia market will go nuts tonight, I cant think of any reason gold would not be able to breakout tonight

I sure hope so man, it just clear $900 right now. Come on gold, make this run count!!!

[Canmorite]

I guess this is what happened the the markets. They got...

http://www.youtube.com/watch?v=eBGIQ7ZuuiU

[broken_legs]

CNN is saying its rejected.

[SilverRex]

wow has anyone notice AMD, it swung from 6 to 3.75 and now settling around 4.30

[djayz]

it seems that american stocks are recovering to an acceptable level while the canadian stocks are still sitting at their lows. :dunno:

[broken_legs]

Suncor at 38 dollars!

Chesapeak at 32 dollars!


My RIMM options are pretty much worthless now, next time i'll buy some puts too.

BUt i'm pretty much 95% cash right now. Anyone else going to jump in and start testing the waters?

[BigMass]

Originally posted by broken_legs
Suncor at 38 dollars!

Chesapeak at 32 dollars!


My RIMM options are pretty much worthless now, next time i'll buy some puts too.

BUt i'm pretty much 95% cash right now. Anyone else going to jump in and start testing the waters?

there aint no water son, it's just molten lava right now.

[Canmorite]

Originally posted by broken_legs
Suncor at 38 dollars!

Chesapeak at 32 dollars!




Those two look good here. SU's profitability is still good, even though Oil has slid. Their cost per barrel is much lower then others starting up there.

[broken_legs]

I just bought in at 38.49 for SU.

This will be a long term hold. It was only 3 months ago or so when this was in the 70's

People are running out of gas in the US, Saudi has reduced oil shipments, Iran will be a net importer in 10 years etc.. etc..


EDIT: Bought some HBU-T for some volatility on gold over the week

[djayz]

Definately some good long term pick-ups available here. everything is temporary just like a bull market doesn't always keeping going, a bear market can't always keep going either.

I just spent 10 grand picking up things for quick flips and got burned now I'm left with no cash again :(

[Canmorite]

Nasdaq making new lows. TSX off 900.

[DJ_NAV]

will be gettin SU... just waiting till 2morow's reaction... today is too risky...

[broken_legs]

oh man


I may be crazy.... But I bought some SLB too in the low 74s

They are going to have earnings out in October and they will beat again.

[Rat Fink]

.

[DJ_NAV]

It is a very hard decision right now.... what would you guys recommend for a someone who is a fresh grad... no house, basic car... would you suggest them to invest all their savings(15kish) into the market?

[Canmorite]

Gut feeling, no. A % of that, maybe. Cash is still king right now.

[Kloubek]

DJ_NAV:

I think the rule of thumb in investing is that you should only invest money you are willing to lose. Given your situation, you are likely not willing to lose any.

Hence, I would not invest in stocks. It's a risky business and nothing is a "sure thing".

[revelations]

^ size positioning... pick a bunch of stocks from different sectors and odds are in 5-10 years you will have made a chunk of money.

If youre in it for the short haul however, then no... not a good idea.

[BigMass]

Originally posted by DJ_NAV
It is a very hard decision right now.... what would you guys recommend for a someone who is a fresh grad... no house, basic car... would you suggest them to invest all their savings(15kish) into the market?

rent an apartment. Buy $5000 in gold/ silver, buy a $200 TV from a pawn shop and a $100 used mattress to sleep on. The rest keep in Cash and save. Don't buy anything you don't really need. If you need a car, buy a 1992 Civic.

The decision right now IMO is not hard at all. It's a no brainer. Don't waste your cash.

[SilverRex]

Originally posted by revelations
^ size positioning... pick a bunch of stocks from different sectors and odds are in 5-10 years you will have made a chunk of money.

If youre in it for the short haul however, then no... not a good idea.

I agree but if one doesnt have a clue what company to invest. Then start picking funds in different sector.

personally I think the US is finished. Even if stock was to get back on track, the upside will be limited. my suggestion is plug away at the asia market. They have loads of cash, and when the dust settles the future is bright.

China's index has fallen back to earth and in the 2000s, you would wonder how much room it can grow again compare to DOW's 10000 pts.

From my expert friends the bottom is about in with these funds. love to see the firework today when the market opens over there.

oh wait. did we mention throw everything you have into oil? lol thats right. anything below 90 dollars a barrel is also a no brainer.

[DJ_NAV]

^ I am living with the parents, and plan on to for at least next 3-4 years. I have a 95 maxima which will hopefully last for the next 3-4 years as well. My savings that I have is just what I have up to today. I will have more savings as the paycheques keep coming. Financially, my parents have my back, but this market is too attractive. I'm thinking spend about 5k on oil shares(SU), 5k on gold shares(AUY) and maybe 2k on RIMM.. keep the the other 3k for cash.

[Chandler_Racing]

Originally posted by DJ_NAV
^ I am living with the parents, and plan on to for at least next 3-4 years. I have a 95 maxima which will hopefully last for the next 3-4 years as well. My savings that I have is just what I have up to today. I will have more savings as the paycheques keep coming. Financially, my parents have my back, but this market is too attractive. I'm thinking spend about 5k on oil shares(SU), 5k on gold shares(AUY) and maybe 2k on RIMM.. keep the the other 3k for cash.

Why try and catch a falling knife?

[BigMass]

Originally posted by DJ_NAV
^ I am living with the parents, and plan on to for at least next 3-4 years. I have a 95 maxima which will hopefully last for the next 3-4 years as well. My savings that I have is just what I have up to today. I will have more savings as the paycheques keep coming. Financially, my parents have my back, but this market is too attractive. I'm thinking spend about 5k on oil shares(SU), 5k on gold shares(AUY) and maybe 2k on RIMM.. keep the the other 3k for cash.

skip the oil and rimm and go to Albern coins and buy physical gold. Skip the gold ETFs unless you want to trade and skip the gold stocks unless you want to go bust. If you want to gamble, hit up a casino.

[DJ_NAV]

so you would not recommend to buy at these insanely low prices?

[TYMSMNY]

^ there is no such thing as "insanely low prices" plus I don't think pikcing up 27 shares of RIMM will be much of a position to make a difference in your portfolio.

[broken_legs]

Dang


the chit chat on Fast Money today on CNBC is making me scared.


Republicans are not going to vote for this bailout bill.



HOwever, the light at the end of the tunnel here is that the democrats may pass the bill on their own without the republicans in a revote on Thursday.


Now what happens between then and now could be pretty intense.


I got Cramer was saying that he did a market analysis on valuations etc, and found that the DJIA could go as low as 8500 if this bill fails....:eek:

[Schwa]

I closed out some RY puts today for a modest profit, and bought CNQ calls today.

To the poster above, # of shares doesn't mean anything, it's the percentage they change. People who can't grasp this concept shouldn't post here.

edit: 2 posters above

[e36bmw///]

nm

[TYMSMNY]

Spreading $10K over 4 different things is like taking a packet of jam and spreading it over 4 pieces of toast. Congrats. Why wouldn't you put it on two and ENJOY it. If you had $1000, would you split that into $250 and invest that? trading costs and fees would eat you up let alone the premiums on odd lots.

Take it down the middle 50/50 and put it into the best two ideas.

[DJ_NAV]

So I should invest then? I want an unbiased opinion here. If I talk to a pro, they will always tell me its a good time to buy --> if the market is good.. buy because its gonna get better. if the market is bad.... also buy because its gonna get better.

[DJ_NAV]

I think right now is an ideal time to buy for the long run(3-5 yrs) on well establish companies that will not fail. For example, Suncor... their performance is good, they have proven before and everyone knows that Oil will go up.

[TYMSMNY]

Things doesn't HAVE to happen and things that are unexpected.. do. Where was the last person that said "AIG will be in trouble"? They would've been laughed at 1 year ago. Based on the consumption levels of the past and our current dependence on commodities like Oil, it SHOULD go up. There has been a huge disconnect in prices over the last bit.. not just with stock prices but with the dollar/gold/oil/markets scenario. stock prices does not directly reflect the price of oil.. but on the current management of the company as well. High Capex (capital expenditures), labor, heck.. high amounts of water than expected can set prices back short term. A bad executive team can take a well established company down in no time.

Couple of key companies along with Suncor... TransCanada Pipelines, Encana, EPCOR Power, Shaw Communications.

[liquid1010]

Originally posted by TYMSMNY
Spreading $10K over 4 different things is like taking a packet of jam and spreading it over 4 pieces of toast. Congrats. Why wouldn't you put it on two and ENJOY it. If you had $1000, would you split that into $250 and invest that? trading costs and fees would eat you up let alone the premiums on odd lots.

Take it down the middle 50/50 and put it into the best two ideas.

Huh... :nut: Sure you want to minimize admin costs, but at $9 a trade, a $2.5k investment is just fine. The stock only needs to move .32% to cover one trade (open or close).....

[e36bmw///]

nm

[broken_legs]

Originally posted by liquid1010


Huh... :nut: Sure you want to minimize admin costs, but at $9 a trade, a $2.5k investment is just fine. The stock only needs to move .32% to cover one trade (open or close).....


Where can you get 9$/trade without making a minimum number of trades or having a minimum balance?

[revelations]

ok, so who is shorting what tomorrow?

[DJ_NAV]

Originally posted by broken_legs



Where can you get 9$/trade without making a minimum number of trades or having a minimum balance?

questrade has $5 trades.

[broken_legs]

Originally posted by revelations
ok, so who is shorting what tomorrow?

I'm going to do something very foolish.

Keep buying little bits here and there of companies I like at fantastic discounts until Thursday.

I think pres Bush will be addressing the nation tomorrow morning, and I also think that this bill is going to pass on Thursday one way or another after the Jewish holiday.

[broken_legs]

OMG


Cramer is calling for the Great Depression 2

[Pacman]

Originally posted by broken_legs
OMG


Cramer is calling for the Great Depression 2

Just 12 days ago, Cramer was saying Wachovia was a strong buy.

http://www.myprops.org/Links/SearchR...=500000209&o=3

He's not the demigod everyone makes him out to be.

[broken_legs]

Originally posted by Pacman


Just 12 days ago, Cramer was saying Wachovia was a strong buy.

http://www.myprops.org/Links/SearchR...=500000209&o=3

He's not the demigod everyone makes him out to be.


You're right he's not the be all end all in the stock market. But what he says makes sense. But what else is interesting is that millions of people watch him everyday. And those same millions of people are going to be doing something int he markets this week.

Finally CNBC just stopped live air at 11pm Eastern, im going to watch his show right now and see what he says.

Apparently Futures are trading higher right now. Might be a bit of a bounce tomorrow morning

[broken_legs]

Cramer says:

You should have been listening to him (like I did) and been selling into the rallies over the last couple weeks and be sitting on cash so you can buy companies that:

1.) Does not need to borrow money (ie avoid credit crunch)
2.) Makes a product that everyone buys (ie colagte, keloogs etc..)
3.) Has come down at least 5-8%, start to make a position

Make a list of all companies on the S&P that yield over 4-5% with safe dividends that meet the above criteria

Buy little bits on the way down.

Cramer thinks we can tank to 8200 on the DOW

Cramer says buy gold

Cramer says stuttering boo yah to yah

Viewer email:
"You had the CEO of Wachovia on who looked in the camera and said that Wachovias model was sound, and there was only 10 billion in bad loans"

Cramer:
Admits that CEO lied and there was actually 42 billion. Goes into how CEO bought 16 million of stock in open market. Perhaps CEO was actually confused. Perhaps he lied. Cramer is furious because he was friends with this guy for 25 years. Now he is on the wall of shame.


About V and MA:
Don't buy V, sell MA. Been saying sell on MA for a long time now. Its not recession proof, its actually a play on consumers. Consumers are going to be hurting thus less transactions and less profits for these stocks.

[djayz]

millions of people watch cramer and do the exact opposite :rofl:

he's been getting wronger and wronger over time and everyone reaches a point where they realize that that many wrongs don't make a right and stop watching.

[Schwa]

^ Yup. Cramer sucks and some students analyzed his track record and he's basically 100% terrible. The only thing he's good at is backpedalling.

He may have good concepts and overall ideas (who doesn't?), but I'll never take any of his specific advice, ever.