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. | | |
03-11-2011, 05:27 AM
|
#3451 | 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
| Quote:
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..
|
| |
03-11-2011, 05:54 AM
|
#3452 | Rs has made me the woman i am today!
Join Date: Jan 2011 Location: Vancouver DT
Posts: 4,322
Thanked 2,797 Times in 916 Posts
Failed 1,257 Times in 270 Posts
|
I'm really thinking of buying stocks....should i start with 3k & be okay..
or hell no?..take my smalls beans else where.
|
| |
03-11-2011, 08:00 AM
|
#3453 | F**K YOUR HEAD
Join Date: Apr 2009 Location: vancouver
Posts: 8,718
Thanked 8,153 Times in 1,251 Posts
Failed 643 Times in 181 Posts
|
3k is definitely enough to see realize some noticeable profits Posted via RS Mobile |
| |
03-11-2011, 08:35 AM
|
#3454 | 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 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.
|
| |
03-11-2011, 08:59 AM
|
#3455 | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 152 Times in 50 Posts
|
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
|
| |
03-11-2011, 10:11 AM
|
#3456 | 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
|
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
|
| |
03-11-2011, 10:20 AM
|
#3457 | 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
| Quote:
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.
|
| |
03-11-2011, 10:25 AM
|
#3458 | 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
| Quote:
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.
|
| |
03-11-2011, 10:27 AM
|
#3459 | Rider
Join Date: Apr 2010 Location: Surrey
Posts: 3,269
Thanked 2,081 Times in 532 Posts
Failed 439 Times in 100 Posts
| Quote:
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
|
| |
03-11-2011, 10:44 AM
|
#3460 | 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
|
Wasn't there talks of FCX may be interested in Lundin? They want to secure that copper mind in Congo.
|
| |
03-11-2011, 11:09 AM
|
#3461 | 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
|
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.
|
| |
03-11-2011, 11:33 AM
|
#3462 | F**K YOUR HEAD
Join Date: Apr 2009 Location: vancouver
Posts: 8,718
Thanked 8,153 Times in 1,251 Posts
Failed 643 Times in 181 Posts
|
Good time to get into NVT?
|
| |
03-11-2011, 11:38 AM
|
#3463 | Rider
Join Date: Apr 2010 Location: Surrey
Posts: 3,269
Thanked 2,081 Times in 532 Posts
Failed 439 Times in 100 Posts
|
id say so considering sheldon bought close to a million shares at an avg of .36
|
| |
03-11-2011, 11:44 AM
|
#3464 | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 152 Times in 50 Posts
|
opl is getting slaughtered
i'm still up over all but not sure i'm gooing to risk too much more here
|
| |
03-11-2011, 12:10 PM
|
#3465 | 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
|
Is this a good entry level for OPL?
Even though it ran up from the .70s
|
| |
03-11-2011, 12:12 PM
|
#3466 | Network Admin Team
Join Date: Apr 2001
Posts: 5,515
Thanked 1,538 Times in 537 Posts
Failed 4 Times in 8 Posts
|
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.
|
| |
03-11-2011, 12:15 PM
|
#3467 | Banned (ABWS)
Join Date: Jun 2010 Location: Canada
Posts: 1,566
Thanked 383 Times in 155 Posts
Failed 94 Times in 54 Posts
|
The market's actually overall very green today.
|
| |
03-11-2011, 12:18 PM
|
#3468 | 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
|
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.
|
| |
03-11-2011, 12:34 PM
|
#3469 | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 152 Times in 50 Posts
|
ya no kidding
|
| |
03-11-2011, 01:19 PM
|
#3470 | I don't get it
Join Date: Oct 2010 Location: Vancouver
Posts: 433
Thanked 96 Times in 49 Posts
Failed 198 Times in 44 Posts
| Quote:
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.
|
| |
03-11-2011, 01:32 PM
|
#3471 | 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
|
so much for earthquake causing sell offs, moooar greeeen!!!
|
| |
03-11-2011, 05:02 PM
|
#3472 | Guest
Join Date: Oct 2010 Location: Vancouver
Posts: 148
Thanked 6 Times in 6 Posts
Failed 16 Times in 3 Posts
|
GRRRRRR Questrade, only reason why you still have customers is because of your low commissions
|
| |
03-11-2011, 05:09 PM
|
#3473 | 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 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.
|
| |
03-11-2011, 07:49 PM
|
#3474 | 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
|
ummm can you give me a scenario?
i am holding telus and i just sold jan 2012 calls for $1.25.
|
| |
03-11-2011, 08:19 PM
|
#3475 | RS controls my life!
Join Date: Apr 2006
Posts: 722
Thanked 143 Times in 15 Posts
Failed 5 Times in 3 Posts
|
whos still holding opl?
|
| | | |
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 02:18 PM. |