The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
03-10-2011, 08:29 AM
|
#3426 | | Need my Daily Fix of RS
Join Date: Sep 2002 Location: van
Posts: 252
Thanked 17 Times in 12 Posts
Failed 1 Time in 1 Post
|
blkgsr...Are you tempted to get out today on opl?
| 
|  | |
03-10-2011, 08:36 AM
|
#3427 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
exactly
opl has already been back up as high as 1.30
cuu back to 1.33
i hope everything is starting to correct back to last week (well OPL continue it's was back up)
i really hope cuu get's back up to the 1.60/1.70 range before the NTL and the Resource Estimate come out
| |
| | |
03-10-2011, 08:37 AM
|
#3428 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
| Quote:
Originally Posted by rymack  blkgsr...Are you tempted to get out today on opl? | nope
| |
| | |
03-10-2011, 08:45 AM
|
#3429 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
High volume though for CUU. Yeah, I hope they get back up to that range too. They have two big thing coming up.
Resource Estimate by end of March.
8000m Drill program to start in mid May.
Hopefully we get that buyout. hahaha
| |
| | |
03-10-2011, 08:49 AM
|
#3430 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
don't forget the NTL still needs to be announced
that probably was built into the 1.70 range price but it will still be interesting to see it come out
and i think it would better better to come out before the resource estimate that way they know power will be there to get the expeced amounts
| |
| | |
03-10-2011, 09:06 AM
|
#3431 | | Guest
Join Date: Oct 2010 Location: Vancouver
Posts: 148
Thanked 6 Times in 6 Posts
Failed 16 Times in 3 Posts
|
Stupid Questrade, still haven't processed my deposit. Would've scooped up CUU
| |
| | |
03-10-2011, 09:08 AM
|
#3432 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
True, hope the announcement is before the resources estimate. This sell off looked like the one they had when it retraced back down to 1.2 before it popped straight to 1.85.
shawnly-You should be still able to purchase CUU. You just need enough money by settlement date. Don't know if Questrade lets you do so.
| |
| | |
03-10-2011, 09:45 AM
|
#3433 | | Guest
Join Date: Oct 2010 Location: Vancouver
Posts: 148
Thanked 6 Times in 6 Posts
Failed 16 Times in 3 Posts
|
TFSA account, not a margin
| |
| | |
03-10-2011, 11:43 AM
|
#3434 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
Failed 190 Times in 91 Posts
|
wow, fuck.
| |
| | |
03-10-2011, 12:46 PM
|
#3435 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
Posts: 8,236
Thanked 934 Times in 374 Posts
Failed 59 Times in 30 Posts
|
What's everyone keeping an eye on these days? I'm watching NOK and CSCO
__________________
"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
| |
| | |
03-10-2011, 12:58 PM
|
#3436 | | Network Admin Team
Join Date: Apr 2001
Posts: 5,515
Thanked 1,538 Times in 537 Posts
Failed 4 Times in 8 Posts
|
Currently keeping an eye on PYN.V, STP.T and NGD.T
| |
| | |
03-10-2011, 02:28 PM
|
#3437 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
| Quote:
Originally Posted by TRDood wow, fuck. | my thoughts exactly....if i knew more about the market and how to read proper charts, i could have easily double my shares in the past two days for no extra cash
oh well, i'll continue to hold and ride out the shit storm as my two stocks should be big winners
| |
| | |
03-10-2011, 03:44 PM
|
#3438 | | RS controls my life!
Join Date: Apr 2006
Posts: 722
Thanked 143 Times in 15 Posts
Failed 5 Times in 3 Posts
|
shitt looks like opl is sinking  | |
| | |
03-10-2011, 03:56 PM
|
#3439 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
dude, the whole market sunk today
| |
| | |
03-10-2011, 04:17 PM
|
#3440 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
|
time to consider deploying the margin accounts. I've been sitting on 50% cash for the past 2 weeks as I'm slowly becoming risk adverse. It has been fun following the companies you guys discuss in the thread but there's just no way I dare to buy into some of the flyers mentioned.
Some of the better prospects are still valued at market caps that would put them in range to buy out solid mining companies. At the current pricing, I'll be buying LUN as the current price vs. the buyout price would make some money given the current economic conditions.
| |
| | |
03-10-2011, 05:02 PM
|
#3441 | | RS has made me the bitter person i am today!
Join Date: Apr 2002 Location: In your head
Posts: 4,591
Thanked 376 Times in 176 Posts
Failed 11 Times in 9 Posts
| Quote:
Originally Posted by suzuka84 time to consider deploying the margin accounts. I've been sitting on 50% cash for the past 2 weeks as I'm slowly becoming risk adverse. It has been fun following the companies you guys discuss in the thread but there's just no way I dare to buy into some of the flyers mentioned.
Some of the better prospects are still valued at market caps that would put them in range to buy out solid mining companies. At the current pricing, I'll be buying LUN as the current price vs. the buyout price would make some money given the current economic conditions. | It might make some money, but not as much as you expect. The max cash consideration is 2.4 bn. Lundins market cap is 4 bn so the rest is going to be made up of equinox shares which is 1.3x their price.. assuming that the prices hold, that's $6.5. So assuming you get a prorated share of the cash consideration and the value of equinox, your take home is close to the share price of lundin.
| |
| | |
03-10-2011, 06:03 PM
|
#3442 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
HEHEHE everybody in red today I'm fucking GREEEEEEN  | |
| | |
03-10-2011, 06:15 PM
|
#3443 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
|
i just started a new daytime job and can't be online during market hours..
i think i'll stick with "blue chips" and play with long term options....
anyone selling covered calls here?
| |
| | |
03-10-2011, 08:25 PM
|
#3444 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
| Quote:
Originally Posted by strykn HEHEHE everybody in red today I'm fucking GREEEEEEN | overall today or overall period?
i'm still very green, let's hope it stays that way
| |
| | |
03-10-2011, 11:51 PM
|
#3445 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
Failed 190 Times in 91 Posts
|
US budget deficit hit the market yesterday... Japan's earthquake is going to plunge markets another -1.5%.
should have held onto my hou.to
| |
| | |
03-11-2011, 12:30 AM
|
#3446 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
| Quote:
Originally Posted by suzuka84 time to consider deploying the margin accounts. I've been sitting on 50% cash for the past 2 weeks as I'm slowly becoming risk adverse. It has been fun following the companies you guys discuss in the thread but there's just no way I dare to buy into some of the flyers mentioned.
Some of the better prospects are still valued at market caps that would put them in range to buy out solid mining companies. At the current pricing, I'll be buying LUN as the current price vs. the buyout price would make some money given the current economic conditions. |
Same here. I made and then lost quite a bit of money in the run-up to fall 2008, so am still very hesitant in putting my money into companies I've only just heard of a few days (or even weeks) earlier.
May I ask why you are so bullish on LUN?
| |
| | |
03-11-2011, 12:33 AM
|
#3447 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
| Quote:
Originally Posted by TRDood US budget deficit hit the market yesterday... Japan's earthquake is going to plunge markets another -1.5%.
should have held onto my hou.to | Bingo! I live in London so am slightly ahead of most of you in time-zone, but the Nikkei is down already 1.72%. The FTSE, which just opened, is already down 0.5%. Looks like the North American markets will close down today to wrap up a week of red.
| |
| | |
03-11-2011, 12:38 AM
|
#3448 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
| Quote:
Originally Posted by waddy41 i just started a new daytime job and can't be online during market hours..
i think i'll stick with "blue chips" and play with long term options....
anyone selling covered calls here? | Blue chips aren't a bad idea but some of them can be quite volatile too. The key, I suppose, is to find one with a consistent dividend (more than 3%), that way you can at least have something to hold onto while you wait. Which ones are you considering?
| |
| | |
03-11-2011, 12:41 AM
|
#3449 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
|
Are any of you experts in the IT field? A friend just pointed me to AXE.v At the moment they are extremely cheap, and Nvidia is a major shareholder, having purchased over 4 million shares recently. I know it's completely off the radar, given that most of the money nowadays is going into mining.
| |
| | |
03-11-2011, 02:01 AM
|
#3450 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
US Markets def going to OVER-react in trading tomorrow especially since its a Friday in my opinion. Get ready to see some good buying opportunities.
and imo, saudi 'protests' won't blow up like Libya , going bearish on oil.
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 04:51 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
