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08-08-2011, 06:18 PM
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#4876 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
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Sold the remainder of my cuu at the open this morning (thank god).. still a net loss from this company for me unfortunately. I'll dump a crap load of cash into it if it dips between 0.9-1.0 lol
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08-08-2011, 06:41 PM
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#4877 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
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Originally Posted by Ulic Qel-Droma  dude, cut your losses early.
it's like a relationship with a girl, if it aint going the way you want it, just cut her loose. the thing with the markets is you can always buy her back later! LOL! | Well, it really depends on what stock he has. If they are stocks that appear to be done and become toilet paper any time soon, then yes.
As of today, after DOW losing so much, giving up on quality stocks now is not cutting losses, it's act of desperation.
If I think a stock is still worthwhile, I'll try to pick up some more during this downturn for much greater gain in the future.
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08-08-2011, 06:51 PM
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#4878 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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ya i need to find more cash to pick up more CUU to average down my cost
line of credit anyone??
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08-08-2011, 07:48 PM
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#4879 | | I keep RS good
Join Date: May 2001 Location: Cosmos
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Originally Posted by Hehe Well, it really depends on what stock he has. If they are stocks that appear to be done and become toilet paper any time soon, then yes.
As of today, after DOW losing so much, giving up on quality stocks now is not cutting losses, it's act of desperation.
If I think a stock is still worthwhile, I'll try to pick up some more during this downturn for much greater gain in the future. | haha, i only ever day trade futures, so i probably can't relate to the long term stock game.
but i don't see why u cant just cut it and buy back later when the trend is going your way?
why try to pick a bottom, wait for a indicator that shows it's changed for the better, and just buy into the trend, then you'll be laughing all the way to the bank.
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08-08-2011, 08:01 PM
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#4880 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
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the 2000 point drop happened while I was out of town, soon as I got a hold of a computer i shit a brick lol! yes paper losses only, I still believe this is wayyyy too overdone , based on fear and panic more than anything
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08-08-2011, 08:47 PM
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#4882 | | Need my Daily Fix of RS
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Originally Posted by shawnly1000 | not too fast, there is still a fed meeting tomorrow but it could go either way.
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08-08-2011, 10:57 PM
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#4883 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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word on the street is that the FED is going to bring out the big guns. whatever that is lol
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08-08-2011, 11:24 PM
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#4884 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
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| Quote:
Originally Posted by Ulic Qel-Droma haha, i only ever day trade futures, so i probably can't relate to the long term stock game.
but i don't see why u cant just cut it and buy back later when the trend is going your way?
why try to pick a bottom, wait for a indicator that shows it's changed for the better, and just buy into the trend, then you'll be laughing all the way to the bank. | Because it's too damn hard to estimate where the bottom is. But the concept of long term investment still holds; buy low, sell high.
By selling at the bottom you do the exact opposite. You buy when it's higher while sold at the lowest price. Factoring the associate risks into, the downtrend has to be pretty big to be worthwhile. With Dow already down by 2000, selling now doesn't make much sense in long term.
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08-09-2011, 07:53 AM
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#4885 | | Need my Daily Fix of RS
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god damn i shouldn't have been so greedy on cuu....had a buy at 1.32 that didn't get filled now its at 1.48...good thing i had another fill before the 1.32 at 1.34 =.=
markets looking good? i see a lot of green
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08-09-2011, 08:00 AM
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#4886 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
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Everything is back up. This bounce is finally here. Hopefully the FEDS have something meaningful to say. lol
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08-09-2011, 08:04 AM
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#4887 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,653
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| Quote:
Originally Posted by aznl3oi god damn i shouldn't have been so greedy on cuu....had a buy at 1.32 that didn't get filled now its at 1.48...good thing i had another fill before the 1.32 at 1.34 =.=
markets looking good? i see a lot of green | my lesson learned....you want in bad enough, just get in at market. in the end it won't have made that big of a difference
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08-09-2011, 08:04 AM
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#4888 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
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Seems like the market is pricing in the potential for a QE3 announcement later today. If so I bet gold will climb even higher as the feds print more USD.
I opened a Questrade account last night.
After 5 years of studying the markets, reading everything I can get my hands on and following currencies, demographics, trends etc. I think I am ready. I have lots to learn and am going to start small and very slow!
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08-09-2011, 08:12 AM
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#4889 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
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Props on the 5 years of learning, best of luck!
Remember the biggest factor in real vs simulated/paper is emotions (e.g. greed and fear)
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08-09-2011, 08:18 AM
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#4890 | | Rider
Join Date: Apr 2010 Location: Surrey
Posts: 3,270
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dont spend more than your willing to lose
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08-09-2011, 08:41 AM
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#4891 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
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Thanks guys. Keeping the emotions out of financial decision is going to be a challenge.
gdoh it's funny my coworker says that too. Sounds like gambling!
I am going to look for dividend producing stocks and am reading wayyy back in this thread to learn more about what you guys have been up to. I like CDN financials, mining/exploration, tech and energy. I will try to focus on what I know.
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08-09-2011, 08:41 AM
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#4892 | | I STILL don't get it
Join Date: Feb 2004 Location: Vancouver
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Do you guys who own cuu also own teck? Posted via RS Mobile | |
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08-09-2011, 09:39 AM
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#4893 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
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I don't own Teck.
My motto is similars to gdoh but its more of what you're willing to win is equal to what you're willing to lose.
I wonder who lost out in selling CUU at 1.30s
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08-09-2011, 09:50 AM
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#4894 | | Rider
Join Date: Apr 2010 Location: Surrey
Posts: 3,270
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i just gave you one of my mottos which i think is very important
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08-09-2011, 10:05 AM
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#4895 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
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Originally Posted by highfive I wonder who lost out in selling CUU at 1.30s | Over the weekend I put a sell for CUU @ 1.49... the same price that it's at right now.... shouldda bought some this morning or yesterday @ close  | |
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08-09-2011, 10:52 AM
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#4896 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,266
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Originally Posted by SiR_vfung Over the weekend I put a sell for CUU @ 1.49... the same price that it's at right now.... shouldda bought some this morning or yesterday @ close |  | |
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08-09-2011, 11:08 AM
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#4897 | | Need my Daily Fix of RS
Join Date: Jan 2006 Location: .
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welcome VIP and good luck with your investments. What i go by is, only invest what i can afford to lose.
Fed news was great imo, it shows that US is trying to stabilize and it will be pretty much be the same as how it was pre-defefault crisis. what are your guys thoughts about this?
As for CUU, Eneresto was at it yesterday and bought another 500,000 shares @ 1.3760. It explains the huge spike in volume with no charge in SP. He did this last time as well, all or nothing fill. and @blackgsr that lesson sucks =( but oh well i bought in at market this time. tbh though a few cents wont matter in the long run xD
@nates i don't own teck either. It is too expensive for me and i think CUU will have a better ROI.
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08-09-2011, 11:47 AM
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#4898 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
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squeeze time!
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08-09-2011, 12:22 PM
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#4899 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
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What an insane tape today!
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08-09-2011, 12:42 PM
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#4900 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,266
Thanked 2,723 Times in 1,091 Posts
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jesus today was quite a rollercoaster ride.
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