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03-11-2011, 05:27 AM
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#3451 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
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Originally Posted by DOHCVTEC  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? | right now i just have covered calls written on Telus....
bell has a high yield i'm holding those...but the calls are too cheap to sell
I'm also flipping SVM and LVS calls..
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03-11-2011, 05:54 AM
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#3452 | | Rs has made me the woman i am today!
Join Date: Jan 2011 Location: Vancouver DT
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I'm really thinking of buying stocks....should i start with 3k & be okay..
or hell no?..take my smalls beans else where.
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03-11-2011, 08:00 AM
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#3453 | | F**K YOUR HEAD
Join Date: Apr 2009 Location: vancouver
Posts: 8,718
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3k is definitely enough to see realize some noticeable profits Posted via RS Mobile | |
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03-11-2011, 08:35 AM
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#3454 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
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Originally Posted by Mr.Money I'm really thinking of buying stocks....should i start with 3k & be okay..
or hell no?..take my smalls beans else where. | Sorry to sound harsh but in my honest opinion, 3K won't be enough if you want to invest because the risk/reward ratio won't justify exposure to the markets. Remember the first rule of investing is not to lose money. Clouded by greed, many people forget this rule. In equities the key is to realise that there is a small chance that a stock's price will rise but a large chance that a stock's price will remain the same or drop.
With 3K you could try some penny stocks but there is huge risk, and you're more likely gambling rather than investing. I would rather try my hand at the casino, at least it's quicker and I won't have to spend my spare time watching the news and ticker. Again sorry to sound so blunt.
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03-11-2011, 08:59 AM
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#3455 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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do not listen to that guy
put your money in to what ever you feel comfortable....if 2% is all you're after, get a high interest GIC or somthing
right now is a great time to jump on any of the stocks that have been mentioned...CUU especially
as for the casino being a chance at making money, good friggen luck
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03-11-2011, 10:11 AM
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#3456 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
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Invest with the amount you are comfortable in losing. If you don't have the will power to watch your money gain or lose, go with something like what blkgsr suggested.
CUU is fucking crazy today. 1.27->1.46. Why the fuck did I buy more at 1.55? haha
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03-11-2011, 10:20 AM
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#3457 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
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Originally Posted by DOHCVTEC 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? | I'm a mining guy. I can tell you everything about mining companies and the stuff they have in the ground. I can show you companies with great prospects and low share prices or vice versa. The only thing I can guarantee after doing this for 6 years is to put your money with rainmakers.
LUN will get bought out and in my previous post as the markets are currently behaving irrationally you want to put your money in safe bets for the time being. As we approach the end of the month, their share price will go near the buy out price so you can cash out then or take the shares in the new company. The current bidders for LUN are companies of similar size and as such you would expect a mining giant to come in and outbid everybody to secure it.
LUN has a very strong exploration arm called NGex - look at the website for the company mission statement: No Guts No Glory. It exemplifies Lundin very well.
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03-11-2011, 10:25 AM
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#3458 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
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Originally Posted by DaFonz 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. | I'm hoping a giant comes in with a better offer than the equinox bid.
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03-11-2011, 10:27 AM
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#3459 | | Rider
Join Date: Apr 2010 Location: Surrey
Posts: 3,269
Thanked 2,081 Times in 532 Posts
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Originally Posted by DOHCVTEC Sorry to sound harsh but in my honest opinion, 3K won't be enough if you want to invest because the risk/reward ratio won't justify exposure to the markets. Remember the first rule of investing is not to lose money. Clouded by greed, many people forget this rule. In equities the key is to realise that there is a small chance that a stock's price will rise but a large chance that a stock's price will remain the same or drop.
With 3K you could try some penny stocks but there is huge risk, and you're more likely gambling rather than investing. I would rather try my hand at the casino, at least it's quicker and I won't have to spend my spare time watching the news and ticker. Again sorry to sound so blunt. | your dumb
3k is enough. i started out with 1.5k and have done well for myself =|
i wouldnt called it gambling i would rather it call and educated risk.
-only risk what your willing to lose
-do your research before buying
-if the deal is to good to be true it probably is
-dont be afraid to sell and take a profit
- be patient
those are some main points i got
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03-11-2011, 10:44 AM
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#3460 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
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Wasn't there talks of FCX may be interested in Lundin? They want to secure that copper mind in Congo.
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03-11-2011, 11:09 AM
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#3461 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
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Inmet could theoretically increase the size of their bid. People seem to forget Temasek did a private placement for $500m last year. Temasek can most certainly fund the purchase.
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03-11-2011, 11:33 AM
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#3462 | | F**K YOUR HEAD
Join Date: Apr 2009 Location: vancouver
Posts: 8,718
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Good time to get into NVT?
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03-11-2011, 11:38 AM
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#3463 | | Rider
Join Date: Apr 2010 Location: Surrey
Posts: 3,269
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id say so considering sheldon bought close to a million shares at an avg of .36
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03-11-2011, 11:44 AM
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#3464 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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opl is getting slaughtered
i'm still up over all but not sure i'm gooing to risk too much more here
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03-11-2011, 12:10 PM
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#3465 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
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Is this a good entry level for OPL?
Even though it ran up from the .70s
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03-11-2011, 12:12 PM
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#3466 | | Network Admin Team
Join Date: Apr 2001
Posts: 5,515
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Anyone else holding PYN or atleast following it? I was conflicted about buying back into it yesterday at around .17 but felt like it might go lower. Damn I'm kicking myself hard now.
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03-11-2011, 12:15 PM
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#3467 | | Banned (ABWS)
Join Date: Jun 2010 Location: Canada
Posts: 1,566
Thanked 383 Times in 155 Posts
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The market's actually overall very green today.
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03-11-2011, 12:18 PM
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#3468 | | Need my Daily Fix of RS
Join Date: Sep 2002 Location: van
Posts: 252
Thanked 17 Times in 12 Posts
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got out of OPL this morning. still cursing that I didnt bail at the $1.40 mark.
Last edited by rymack; 03-11-2011 at 12:27 PM.
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03-11-2011, 12:34 PM
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#3469 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
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ya no kidding
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03-11-2011, 01:19 PM
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#3470 | | I don't get it
Join Date: Oct 2010 Location: Vancouver
Posts: 433
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Originally Posted by rb Anyone else holding PYN or atleast following it? I was conflicted about buying back into it yesterday at around .17 but felt like it might go lower. Damn I'm kicking myself hard now. | Got back in @ .19 this morning. Thank god I did and news came out right after ... We should see some progressive gains next week. Mondays important for this bullish trend. Despite the india news conflicting the application boost, we should see some steady gains.
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03-11-2011, 01:32 PM
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#3471 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
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so much for earthquake causing sell offs, moooar greeeen!!!
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03-11-2011, 05:02 PM
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#3472 | | Guest
Join Date: Oct 2010 Location: Vancouver
Posts: 148
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GRRRRRR Questrade, only reason why you still have customers is because of your low commissions
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03-11-2011, 05:09 PM
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#3473 | | RS has made me the bitter person i am today!
Join Date: Apr 2002 Location: In your head
Posts: 4,591
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Originally Posted by waddy41 right now i just have covered calls written on Telus.... | If you're doing covered calls, why dont you just write puts for the same payoff? Lower cap requirements.
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03-11-2011, 07:49 PM
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#3474 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
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ummm can you give me a scenario?
i am holding telus and i just sold jan 2012 calls for $1.25.
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03-11-2011, 08:19 PM
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#3475 | | RS controls my life!
Join Date: Apr 2006
Posts: 722
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whos still holding opl?
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