Official Short-term Investments Thread

[Sugarphreak]

...

[revelations]

Looking at this page quickly, are there no tech swing or day traders here?

All I see are fundies.

Originally posted by GoChris
PKI...NOOOOOOOOOO!

I'm no finance guru, in fact I'm barely above retarded, but wasn't their press results today positive? Operating costs are down, revenue is up, dividend is up.

While I dont know the specifcs for that stock, just because earnings come out + or - doesent always mean anything. The stock price might be reflecting the expected results before the news came out.

[GoChris]

Right, good results might be lower than expectations.

I think I'll buy more once this downturn levels out.

[icky2unk]

Originally posted by m5art
If you bucking the trend, averaging down is not a good idea. Remember Nortel? At 100, down from 200 was it a good idea?

Disclaimer: this is NOT an investment advice, you and only you are responsible for your trades and your money.

You can pick and choose a thousand stocks out of hindsight and pick out a trend you wish to see but at the end of the day averaging down or averaging up doesn't matter because the stock can always and will always till the day the markets don't exist move either direction.

By throwing in Nortel then you are demonstrating Behavioural Finance 101. The big and memorable collapse of one company that would have been a poor decision to average down on seems to outweigh the thousands of other stocks that have gone the other way. I can think of tons of companies that have upwarded trended for years only to crash and i've seen companies downward trend recover.

Point in case, for anyone who averaged down in 2008 would be up huge right now. Anyone who averaged up in 2007 would be crying. At the end of the day whatever you choose to invest in and what strategy you choose doesn't matter because the market can and always has been unpredictable.

For instance, you look at TBE which was looking nice at 2.70+ and a strong pick in many cases. Crashed to 2 bucks in under a month time. Still a great buy and if you averaged down at 2 dollars to 2.20 you'd be sitting pretty right now that is has begun recovery.

Same can be said about those who bought into rim at 12-20 and averaged down at 6 bucks. You look at Prem Watsa who averaged his $60 position down when it was $6 and has turned a huge profit as a result.

I'm not saying any strategy is correct or incorrect. I'm simply stating to disregard one because of a bad experience doesn't necessarily make it a bad one.

On another note, BB & TBE up nicely today.

Picked up AD & WCP & KEY & more TBE yesterday.

[icky2unk]

Originally posted by dawerks
I stand corrected; averaging down is the superior trading strategy. Icky, good luck!

I never said it was a superior trading strategy I was simply debating your point in that fact it is a poor strategy. You may have taken my discussion out of context but I simply state that I find both in many ways equal and either strategy can be good or bad.

Both can produce gains and losses equally.

[revelations]

Originally posted by GoChris
Right, good results might be lower than expectations.

I think I'll buy more once this downturn levels out.

For a stock like PKI.TO, looks like a Weighted MA period of 1,6 seems to be right more often that wrong. I havent done a comprehensive optimize/back test on the chart so it might not work long term. For many stocks, a daily MA of 1,3 seems to work.

Had you used a 1,6 - you would have been sold out before the stock tanked.

[AudiPWR]

Any opinions on PXX.TO (Blackpearl resources) ?

[revelations]

PXX is a short right now on my charts - although I wouldnt enter this position at this point (usually wait until indicator cross).

[AudiPWR]

Just sold my telus, entered PXX... See how it goes.

[dawerks]

Is APPL a buy here or a value trap? $42/share cash!! Harder and harder to resist. $44/EPS, Forward/trailing PE around 10.

Or are they going to flatline like Microsoft? Er, stupid question to ask what will happen in the future... how about, does anyone else own APPL or planning on buying?

[borN]

Just a quick reminder - spring break up is going to be particularly bad this year. Record snowfalls up north, and a number of companies have indicated that break up is coming earlier than last year (which was early as well).

Probably effect Q1 results slightly but mainly Q2.

[kaput]

.

[GoChris]

Originally posted by kaput


How do you like InvestorLine? I'm thinking of switching over since it would be much more useful for me to move money around between my other BMO accounts.

I like it just fine. I'm the farthest from a power user. They have lots of research and comparison methods that I haven't even gotten into yet. Being able to fund easily from my BMO accounts help. Real time quotes when you want to buy is nice. Also you can pool all your accounts to a single user id and then get the $9 flat free pricing.

[AudiPWR]

Anyone have any input on playing the APPL swings?

[dawerks]

Originally posted by AudiPWR
Anyone have any input on playing the APPL swings?

Right now it seems to be a falling knife. I don't want to try and catch it but I reaaaly want to buy. Problem is everytime I man up to an order, it's down another 2-3%

How low can it go?? I buy in multiple purchases, but can't even bring myself to pull the trigger on the first one.

This thing needs a stock split

[freshvibes]

Anyone active in the pennies market? This is just stupid, it was actually up 90,000% at a high of $2.84. A lot of instant millionaires made on this one

[GQBalla]

holy crap.

[revelations]

AAPL stock is in trouble. It was making new lows as the markets went up a touch recently.

[freshvibes]

ACUR was a beautiful text book former runner play. Up 75% today. It makes a big run every time it comes out of consolidation. Very low risk, high reward play.

[dawerks]

Originally posted by revelations
AAPL stock is in trouble. It was making new lows as the markets went up a touch recently.

I was going to pull the trigger today. Really (like the last 10 days, really!).

It shot up, still on the sidelines.