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Old 08-09-2011, 02:14 PM   #4901
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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.
I didn't say estimate where the bottom is. I said wait for an idicator that the trend has reversed. U don't need to catch the very bottom. Trend reversal indicator.

And yes its down 2000 points but why were u holding it the entire time? Why didn't u sell off earlier and buy back now (or later). Or why didn't u short it this whole time?

Downtrend doesn't have to be big to be worth while. Trend is a trend. Up or down its all the same. You only need to catch a bit of the trend.

I duno anyone that's so good that they always buy at the bottom and sell at the top.

Like I said I trade futures. I can't "hold" positions while I wait for them to reverse. I'd lose the shirt off my back from margin calls everyday
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Old 08-09-2011, 02:20 PM   #4902
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I think it's simply a difference in what you guys play and the inherent perspective/strategy, you play futures right? IIRC you only need a tick or two a day and you're making decent income, so that is a different inherent perspective than from someone who's investing :s
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Old 08-09-2011, 03:25 PM   #4903
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There are plenty of long term futures investors as well. K yeah well everyone has different strategies and tactics. As long as you make money, you're winning so I can't argue agaisnt that lol.
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Old 08-09-2011, 07:21 PM   #4904
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Back in green today
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Old 08-09-2011, 07:55 PM   #4905
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Woah, from -24000 to green? damn you must be in some volatile/high beta stocks
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Old 08-09-2011, 08:35 PM   #4906
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i think he holds some cuu and today was a good day. It went up 20.77% and pretty much the same as where it was on friday, so the debt crisis is stabilized for now at least. i'm still feeling a NR tomorrow or thursday.

we might have problem if this is the bc hydro project that goes up north to where CUU is.
Lax Kw’alaams first nation demands BC Hydro project stop until compensation deal is reached - The Globe and Mail
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Old 08-09-2011, 09:56 PM   #4907
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that's probably the one...NTL

**didn't open the link though lol
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Old 08-09-2011, 10:08 PM   #4908
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Woah, from -24000 to green? damn you must be in some volatile/high beta stocks
lol yeah and option price movement is pretty huge so losses get big fast
tomorrow is an important day see if we can sustain this rally

got so lucky on ANX, got out @ the 20% bounce and it got a CRL after hours !
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Old 08-10-2011, 10:40 AM   #4909
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So much for sustained rally. I am glad I have limited exposure to the US market in my mutual funds.
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Old 08-10-2011, 11:11 AM   #4910
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CUU just spiked to 1.71...

blkgsr- see? your 1.57 wasn't that bad of a buy. haha
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Old 08-10-2011, 11:41 AM   #4911
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^ just saw that, any reason for the spike? shorts? news soon
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Old 08-10-2011, 11:55 AM   #4912
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Not 100% sure but seems to be a parallel move with the TSX
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Old 08-10-2011, 01:05 PM   #4913
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i could be totally wrong on this and we crash back to march 09 low, but the bears are the ones who is getting greedy right now imo
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Old 08-10-2011, 01:26 PM   #4914
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CUU just spiked to 1.71...

blkgsr- see? your 1.57 wasn't that bad of a buy. haha
ha ya i saw that on my phone then immediatly down to 1.61
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Old 08-10-2011, 03:44 PM   #4915
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gold just flew over 1800
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Old 08-10-2011, 05:23 PM   #4916
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Damn, gold margins hiked up by 22% too
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Old 08-10-2011, 06:51 PM   #4917
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My dad has 10oz bought @800/oz... I can't convince him to sell it hahaha
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Old 08-10-2011, 06:54 PM   #4918
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where do you guys buy/sell physical gold?
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Old 08-10-2011, 08:58 PM   #4919
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VBCE, J&M on broadway
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Old 08-10-2011, 10:19 PM   #4920
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Is it way too late to buy gold?
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Old 08-10-2011, 11:16 PM   #4921
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Is it way too late to buy gold?
yes
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Old 08-11-2011, 08:29 AM   #4922
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wow nice markets are up and cuu@ 1.75.
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Old 08-11-2011, 09:18 AM   #4923
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Is it way too late to buy gold?
its seen an awfully large run up of late, no question about it - but i'm not selling yet

does that mean i'd buy more? well, i'm not right now

i recommend buying ETF's in gold - the miners are too risky, they can mess up, whereas an ETF just tracks the shiny stuff (personally i'm in UGL, a leveraged ETF, up >40% in the last couple of months on a >20% run up in gold)
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Old 08-11-2011, 11:06 AM   #4924
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http://www.stockhouse.com/Bullboards...0&s=CUU&t=LIST

$2.23???

i sure as fuck hope not....
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Old 08-11-2011, 11:22 AM   #4925
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^ its talking about "fair value" back in 2007.

@blkgsr , don't get scared @ what SH people assume. Cuu's fundamentals are still there

edit: especially of how the thread is talking about the technical of the price point, with NR to come the SP will definitely spike up or down with results (hopefully up)

edit2: does anyone here hold ONR.TO?
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