STOCK MARKET Thread

[iam_dan]

oh, i can definitely open it online. its just that ill be in the area tomorrow. it'll be 5 minute drive away, and i got a few questions i wanted to ask them before opening an account up, so i thought id just drop by in person.

ill look into interactive brokers tonight. i heard one other person recommend it to me so far.

[3klipze]

I know RIM is not doing well for a while now, but i think it is totally oversold at the moment. What do you guys think? It is a good company overall with interest of its product overseas and such. A possible long term investment?

[Hehe]

Although RIM still thrive in emerging markets, I think they have reached a point that they can't outdo themselves.

With all the new stuff going on with Android and iOS, I don't see RIM holding it for much longer if they don't take drastic changes. How many of your friend tell you that they can't leave BB because of BBM? Just having a BBM won't be enough reason to compete with iOS/Android anymore. I have had my share of friends on BB who switched to iOS/Android after discovering Whatsapp.

And its executive team isn't recognizing this fact and its structure is simply wrong (co-ceo? really?). I would probably short RIM on a visible horizon.

[crazyazn]

Haven't been following this thread too closely...but any opinion on LUN?

[blkgsr]

and cuu is shitting it self again

[4444]

Originally Posted by blkgsr

and cuu is shitting it self again

its a jnr mine - they fluctuate heavily - deal with it!

teck is down 4% today... commodities are down, if u believe in the company, just let the ups and downs roll

[highfive]

^Well as least it gives ppl who missed out on the $2 level a price entry point.

[ilvtofu]

Originally Posted by 3klipze

I know RIM is not doing well for a while now, but i think it is totally oversold at the moment. What do you guys think? It is a good company overall with interest of its product overseas and such. A possible long term investment?

No because the people up top are retards, they are so half assed at developing an app platform and a good OS. It wouldn't be good long term unless they fix their direction, you can't just keep marketing BBM for the next 3 years and expect to keep up, the market will annihilate BB if they keep going down this path.

[suzuka84]

there's no material change in the overall economy. We all knew the job prospects are bad in the USA and it will continue to falter in the near future. The stock markets have been roaring over the past year.

The current prices for mining companies represent a great buy opportunity. Look at the companies with a defined reserves and buy on the dips, companies like Ivanhoe and Novagold. You know the mining giants will circle for a potential buyout and there's no way management can recommend it without a big premium over their highest stock price over the past 6 months.

[suzuka84]

Originally Posted by 3klipze

I know RIM is not doing well for a while now, but i think it is totally oversold at the moment. What do you guys think? It is a good company overall with interest of its product overseas and such. A possible long term investment?

RIM and analysts always preach the fact their phones are doing great catering to the business community in emerging markets. Have you traveled overseas? Look at the phones people carry on the planes. Everyone is either carrying an android phone or iphone. The security feature on the bb is now outdated as you can kill the iphone and android phone remotely. BBM has been replaced with a host of applications that do the same thing. RIM will go the way of Nortel without a white knight coming to the table. It's already on the path to join Palm. It's only oversold if you look at past history as a indication of future performance whereby it was on a tear at the height of 2008 and you doubled your money buying at the low of 2008 and selling in 2009.

[suzuka84]

Originally Posted by crazyazn

Haven't been following this thread too closely...but any opinion on LUN?

stay out of lundin. they announced they were in talks to a chinese consortium. Companies generally announce they are in play after the buyer submits the proper documents, you don't want to announce your company is in play without solid evidence as this information is usually kept hush hush. The current run up in their stock price based on speculation by the overall market will drive any potential buyer away.

[3klipze]

thanks for the input guys

[lol]

Originally Posted by 4444

its a jnr mine - they fluctuate heavily - deal with it!

teck is down 4% today... commodities are down, if u believe in the company, just let the ups and downs roll

If you have that type of motto in your head, you're just going to lose money. Especially if your goal is set out to trade short term. If this guy is trading long term then yea by all means. But imo, people get too attached to their stocks and fall in love with them.. and when they start to dive for other reasons, traders stop using their brain and go with their heart.

Is everyone in here basically a fundamental trader? or are there any techs out there?

[strykn]

cuu - steady climb much better than huge pops, liking it

[crazyazn]

Originally Posted by suzuka84

stay out of lundin. they announced they were in talks to a chinese consortium. Companies generally announce they are in play after the buyer submits the proper documents, you don't want to announce your company is in play without solid evidence as this information is usually kept hush hush. The current run up in their stock price based on speculation by the overall market will drive any potential buyer away.

Thanks for the input.

Originally Posted by lol

If you have that type of motto in your head, you're just going to lose money. Especially if your goal is set out to trade short term. If this guy is trading long term then yea by all means. But imo, people get too attached to their stocks and fall in love with them.. and when they start to dive for other reasons, traders stop using their brain and go with their heart.

Truth. Long-term wise it's definitely MORE beneficial to ignore short-term ups and downs, especially if you're partly in that stock for the dividends.

I am getting into technical analysis, but I'm still a noob...what are you guys using for charts/research? HSBC sucks donkey balls with charts

[highfive]

CUU - pretty good trade for ppl who bought this morning.

Originally Posted by lol

If you have that type of motto in your head, you're just going to lose money. Especially if your goal is set out to trade short term. If this guy is trading long term then yea by all means. But imo, people get too attached to their stocks and fall in love with them.. and when they start to dive for other reasons, traders stop using their brain and go with their heart.

Is everyone in here basically a fundamental trader? or are there any techs out there?

True but it depends on what stock you're holding on to. What is your strategy for this investment? Day trade the fuck out of it or just a long term investment?

I mentioned how I'm holding on to Citi, I've watched it go from $45 after the reverse split and drop to $41.80 in 3-4 days. Yeah, hindsight I should've sold and buy now. But my strategy was to buy this early and hold it till 2012 when the earnings will being to come in and dividends/stock buybacks will be reinstated.

[4444]

Originally Posted by lol

If you have that type of motto in your head, you're just going to lose money. Especially if your goal is set out to trade short term. If this guy is trading long term then yea by all means. But imo, people get too attached to their stocks and fall in love with them.. and when they start to dive for other reasons, traders stop using their brain and go with their heart.

Is everyone in here basically a fundamental trader? or are there any techs out there?

its a long term investment, and long term the outlook for teck's growth is awesome. i don't love the stock, i love what they are doing going forward, copper, coal, and oil in the coming years... 3 things that are, and will continue to be in high demand going forward, as well as being in limited supply - add to that a modest dividend, and i think yesterday's prices were a steal

as part of a diversified portfolio, having a large cap, commodity name, which has great continued growth prospects both organically and through acquisitions (look at their cash balance), especially one that pays dividends, is definitely a wise idea

and don't "buy and hold", but i buy and revaluate, and for hte next couple of years, as we continue with world economic growth, teck is, and will continue to be a good name to be in

[Stormspirit]

Just close my account with qtrade. Their chart system is just terribad though their rates are decent . Anyone know of a good brokerage to use and has a decent platform ? I use td bank but their trades are 30 bucks if u don't meet the trades / equity requirements . Is CIBC any good ? Thanks .
Posted via RS Mobile

[shawnly1000]

So.... if CUU gets bought out a nice premium say $5+, hoping vette350 and some of guys here will throw a party like this

http://twitpic.com/4wqv5j/full

[highfive]

^ Fuck that, im going to Spearmint Rhinos/Sapphire. lol

[classified]

with cibc if anyone in the household you have linked to your account has over 100k in debit or savings or anything with the bank you receive 6.75 per trade. i still have my cibc linked to my moms house and i am able to get the rates

[strykn]

Originally Posted by Stormspirit

Just close my account with qtrade. Their chart system is just terribad though their rates are decent . Anyone know of a good brokerage to use and has a decent platform ? I use td bank but their trades are 30 bucks if u don't meet the trades / equity requirements . Is CIBC any good ? Thanks .
Posted via RS Mobile

DO NOT TOUCH CIBC with a 10 foot pool, you will want to slice your wrists..... im lovin BMO investor line right now =) $10 trades and the platform is great!

[gdoh]

Originally Posted by crazyazn

Thanks for the input.



Truth. Long-term wise it's definitely MORE beneficial to ignore short-term ups and downs, especially if you're partly in that stock for the dividends.

I am getting into technical analysis, but I'm still a noob...what are you guys using for charts/research? HSBC sucks donkey balls with charts

for charts www.bigcharts.com is good

[3klipze]

strykn, you are getting only $10 because you meet the asset requirements. Regular BMO is 29$ a trade still.

I heard Quest Trade or I-trade was good with low commission rates, i don't know anything about their charts though.

Currently, i am using TD and i am getting hit with the commission

[shawnly1000]

Anybody planning to go to the CUU AGM next Tuesday?