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  1. #1
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    Default Stock Trading Thread

    Just starting a thread for those actively trading equities and other financial products.

    What does everyone trade? Which brokerage firm do you use?

    Ive been watching RIM (Research In Motion) lately on the TSX along with the old faithful Nortel.

    Anyone watching any of the mining companies like IAMGold (IMG) and IMNet (IMN)?

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    I use BMO Investorline.

    RIM is a nice story if you got in early, its wayyyyy overpriced now. I can't understand how it can be trading where it is. I used to trade TSX Venture stocks more, but unless you have time to watch it all day long and move in and out, it's tough. I just stick to longer term blue chips now.
    George likes his Kung Pao spicy!

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    TD upgraded RIM today and has their 12 month target at $110 CAD

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    I can't believe RIM just keeps going up, up, up! It's absolutely crazy. It reminds me of Nortel back in the day.

    Nortel has been having a really good run for the past 10 days. They should be releasing some new financial information within the next couple of weeks regarding the accounting issues and I don't think it will be very positive.

    I use TD Waterhouse right now. Seems OK but commisions are $29.00/trade (Either U.S. or CAD). I've been looking at a few U.S. companies because their commisions are alot lower or they offer alot of free trades per month. The only difference is a minimum balance in the account. I don't mind this though. It's just a little harder getting money into the account. It's so convenient to visit a TD branch and make a deposit instead.

    Some of securities I'm watching/holding:

    Nortel - NT
    Lucent - LU
    JD Uniphase - JDSU
    Sun - SUNW
    Brocade - BRCD
    Security Intelligence - SITG
    AroTech - ARTX
    CMKM Diamond - CMKX (Pink Sheet Gamble )

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    At 11:00am MST... RIM up $11.50 (~14%)

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    Where do you guys find out what stocks to look into?

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    RIM is super volatile...remember that. If you have a lot of capital, invest and get out quickly. I used up a fair bit and made a nice bit of change, but I won't do it again because it went down quite a bit after that.

    Old faithful Nortel is doing well, and will continue to be a safe bet.

    Also held Eldorado Gold for a little while, and it went up but I got out. Seems to still be doing well.
    Original Post NAZI Moderated


    Originally posted by r3cc0s
    Felon or Mistermeiner

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    Originally posted by Weapon_R
    Old faithful Nortel is doing well, and will continue to be a safe bet.

    I'm not touching NT until they release full details on the accounting snafus that led to the CFO and co. getting canned. I'm all about oil and gas these days, at $30+/bbl, how can you not make money?
    George likes his Kung Pao spicy!

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    Originally posted by B17a


    I'm all about oil and gas these days, at $30+/bbl, how can you not make money?

    Because its already peaked. You don't make money on stocks that have peaked. I don't see them going up any higher right now...I wish I knew an insider
    Original Post NAZI Moderated


    Originally posted by r3cc0s
    Felon or Mistermeiner

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    Originally posted by Weapon_R

    I wish I knew an insider
    Don't we all....

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    Originally posted by Weapon_R



    Because its already peaked. You don't make money on stocks that have peaked. I don't see them going up any higher right now...I wish I knew an insider
    Not all have peaked. Petro Can is paying a nice dividend plus I'm convinced its still undervalued.
    George likes his Kung Pao spicy!

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    Curious, what's the biggest profit you guys have recieved from buying/selling stocks? How did the decision to purchase this specific stock come about? Did you review their financials and realize the company was emerging and the sky was the limit? Or was it pure luck? Insider tip?

    This long term stuff with Mutual funds is getting boring for me, I'm looking for immediate returns now. Just seeing what your approaches are.
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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    Originally posted by max_boost
    Curious, what's the biggest profit you guys have recieved from buying/selling stocks? How did the decision to purchase this specific stock come about? Did you review their financials and realize the company was emerging and the sky was the limit? Or was it pure luck? Insider tip?

    This long term stuff with Mutual funds is getting boring for me, I'm looking for immediate returns now. Just seeing what your approaches are.
    I'm also really interested in this as well! Please shed some light!

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    I'm kicking myself for not going in on RIM last april.. they're trying to go into China as well, definitely a stock to keep track off.. overpriced ya think? Something tells me it is at this time.. although there are competitiors coming out now without proprietary material.. I'm waiting for a split, and then I'm just going to cash in and run.. I can't afford 100+ a share for something that I'm not completely confident on.

    Roopi, you holding onto Sun? I heard they were having a lot of problems with the whole database deal?

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    Not meaning to change subject, but what are some safe ways to invest $1500 and get decent returns?
    sig deleted by moderator, click here for info

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    Originally posted by Chim
    Not meaning to change subject, but what are some safe ways to invest $1500 and get decent returns?
    $1500 won't net you much in the stock market. You should start up with about $5000 and expect to lose some of it . Otherwise, its not for you. $1500 would be perfect towards an RRSP, mutual funds, or something along that line. These options are less risky and better suited.
    Original Post NAZI Moderated


    Originally posted by r3cc0s
    Felon or Mistermeiner

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    FYI for people into tech stocks

    Mozilla is now the STANDARD SUPPORTED Oracle Webforms platform. IE has been ditched in favor of the open, standards compliant mozilla. Lots and lots of businesses use oracle webforms, but have been plagued with a lot of the standards compliance issues revolving around IE. Expect a lot of changes in the near future for big businesses that use Oracle for production apps.

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    Originally posted by Chim
    Not meaning to change subject, but what are some safe ways to invest $1500 and get decent returns?
    What do you consider decent return? You can put that $1500 on banker at the bacarrat (sp) table and have about a 50% chance to double your money instantly. No need to wait around, you find out in like 10 secs if you win or lose!

    $1500, you are better off opening a PC account netting you a guaranteed 2.15% interest. Do you want your money locked away or you want access to it? Once you put money in a mutual fund portfolio, you will be penalized if you take it out before a certain period (7 years).

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    Originally posted by Shaolin

    Roopi, you holding onto Sun? I heard they were having a lot of problems with the whole database deal?
    Holding for now. Long on this one.

    Just a couple of additions today to keep an eye on for the long haul:

    PSH (TSX) or PRRPF

    DFI (TSX)

    Looks like NT is tumbling down.

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    Fuck stocks. Way too dirty of a business to make a good long term strategy. One of my best friends is a stock promoter. You would not believe the shit that goes on behind the scenes. Unelss you are IN THE KNOW, and getting in before the stock has made a move, you might as well go to the Casino.

    Consistant money can be made in stock options, and if you know your shit, futures options.... Grab some books, as this stuff is a little more complex then "buy low, sell high"

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