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. |
 | | 
10-06-2011, 02:01 PM
|
#5551 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
| Quote:
Originally Posted by strykn  Got in @ 59, very small position, tight stop
AME VIP, if banks up up FAZ goes down, its the financial bear , and same goes vice versa | You forgot the part where it's 3x leveraged, i.e. banks as a whole/the groupings that FAZ mirrors goes up by 2%, FAZ goes down 6%  | 
|  | |
10-06-2011, 05:56 PM
|
#5552 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
Failed 190 Times in 91 Posts
| Quote:
Originally Posted by shawnly1000 You forgot the part where it's 3x leveraged, i.e. banks as a whole/the groupings that FAZ mirrors goes up by 2%, FAZ goes down 6% | And don't forget the quick decay over time. Lost more than 80% from FAZ due to my lack of experience and greed of this ETF. Posted via RS Mobile | |
| | |
10-06-2011, 06:08 PM
|
#5553 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
|
Any of the leveraged ETFs are never meant to be held for a "long time", they're for day trades, maybe holds for overnight/a day or two at most.
| |
| | |
10-06-2011, 06:59 PM
|
#5554 | | My homepage has been set to RS
Join Date: Apr 2005 Location: vancouver
Posts: 2,217
Thanked 811 Times in 274 Posts
Failed 170 Times in 63 Posts
|
tomorrow will be a fun day ..
| |
| | |
10-06-2011, 08:05 PM
|
#5555 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
|
^every day is a fun day in this market Posted via RS Mobile | |
| | |
10-06-2011, 09:15 PM
|
#5556 | | 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
|
Looks like im taking a small loss tomorrow
| |
| | |
10-06-2011, 09:48 PM
|
#5557 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
Failed 359 Times in 46 Posts
|
did someone bash me for short term financial trade. (ahem 4444). Posted via RS Mobile | |
| | |
10-06-2011, 10:28 PM
|
#5558 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 7,072
Thanked 1,290 Times in 597 Posts
Failed 65 Times in 37 Posts
| Quote:
Originally Posted by SiRV ^every day is a fun day in this market Posted via RS Mobile | So true.. lol
| |
| | |
10-06-2011, 10:35 PM
|
#5559 | | Revscene.net has a homepage?!
Join Date: Sep 2008 Location: nowhere
Posts: 1,233
Thanked 792 Times in 158 Posts
Failed 49 Times in 13 Posts
|
lime,
I don't want to get into this, but this is a forum for people to express opinion and share their experience or give advice. What you are doing seems to be bashing on "4444". What are you a cyber bully? ahahah. just stop.
edit: highfive gone mia for a while
| |
| | |
10-06-2011, 11:30 PM
|
#5560 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
|
^3klipze, if you've been following the thread, lime was actually the first victim to 4444's initial cyber-bullying (and multiple other members). Nonetheless, it seems to be quite a cyberbully move to call someone else a cyber-bully imo.
| |
| | |
10-06-2011, 11:43 PM
|
#5561 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
Failed 359 Times in 46 Posts
| Quote:
Originally Posted by 3klipze lime,
I don't want to get into this, but this is a forum for people to express opinion and share their experience or give advice. What you are doing seems to be bashing on "4444". What are you a cyber bully? ahahah. just stop.
edit: highfive gone mia for a while | but he picked on me first mrs fawcet!!!!! honest!!!
hahahah.. yah just read the past posts...
have i wrong opinions or forecasts? of course.... but anyways  | |
| | |
10-07-2011, 12:29 AM
|
#5562 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Failed 17 Times in 10 Posts
|
All bashing/bullying should be banned from this thread...bashing/bullying just discourage people from posting up their trades/ideas. I come into this thread to see what people invest in and see if I can learn/pick up any tips. If people stop posting b/c of bullying/bashing it defeats the whole purpose of this thread.
| |
| | |
10-07-2011, 02:18 AM
|
#5563 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
|
unlike other forums, the market will always determine who's right in the end. lol.
| |
| | |
10-07-2011, 05:59 AM
|
#5564 | | 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
|
Good jobs rally inc Posted via RS Mobile | |
| | |
10-07-2011, 08:50 AM
|
#5565 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,680
Thanked 772 Times in 387 Posts
Failed 152 Times in 50 Posts
|
cuu jump to 1.48 now sitting at 1.33
| |
| | |
10-07-2011, 08:54 AM
|
#5566 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
|
Question about the dollar value right now (USD vs CAD). I always hear lots of news about how the US govt is continuously printing paper money, shouldn't that be de-valuing their currency? Why is it that over the past week, the Canadian dollar slipped so far below the american dollar (0.94 to 1)? Is it because the CAD is being printed lots as well? What other factors go into it that I'm not considering?
| |
| | |
10-07-2011, 09:21 AM
|
#5567 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
Failed 190 Times in 91 Posts
| Quote:
Originally Posted by SiRV Question about the dollar value right now (USD vs CAD). I always hear lots of news about how the US govt is continuously printing paper money, shouldn't that be de-valuing their currency? Why is it that over the past week, the Canadian dollar slipped so far below the american dollar (0.94 to 1)? Is it because the CAD is being printed lots as well? What other factors go into it that I'm not considering? | Commodities
| |
| | |
10-07-2011, 09:29 AM
|
#5568 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
|
When in recession there is less demand for commodities. Since Canada is a large resource based economy there will be less demand from the private sector to buy loonies. Just a very simple take of course. In turbulent time like we are in right now everybody wants to protect their capital. And you get safety by buying U.S. treasury bonds. So lots of capital inflow to the U.S. and out of other riskier assets like the Canadian loonie.
| |
| | |
10-07-2011, 09:39 AM
|
#5569 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
Failed 4 Times in 4 Posts
|
To add to that, the volatitily of the stock market and gold has made the US greenback more attractive. As more people move into the apparent stability of US dollars it's value increases.
Back in the red today. Wish I bought some FAZ yesterday (up over 6% this morning) haha
__________________
Victoria Car Assessments - Condition assessments (test drive, photos, deficiencies and summary). RS member references available. IG @touringteg
1998 Acura Integra Type R #0635
2017 Honda Civic Type R #01818
| |
| | |
10-07-2011, 09:48 AM
|
#5570 | | My homepage has been set to RS
Join Date: Apr 2005 Location: vancouver
Posts: 2,217
Thanked 811 Times in 274 Posts
Failed 170 Times in 63 Posts
|
more people all over are getting out of stock market/investments and holding $. thats why, plust they see US as more stable compaired to EURO. so holding USD. so USD is rising agains all currency and not just CAD
| |
| | |
10-07-2011, 10:38 AM
|
#5571 | | 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
| Quote:
Originally Posted by 3klipze edit: highfive gone mia for a while | Since you're asking, I'll stop lurking and post something. haha..
My best trade for the past month is paying $1750 for laser eye surgery. Traded my glasses away. lol. I got prk, my vision has been blurry for a few weeks. Going on the computer is even worse. I had to zoom in on so many things I was reading. Plus the longer I stay on the computer, the blurrier it gets so I've been lurking RS on my phone instead. I think gdoh? you're getting laser eye surgery soon? Make sure you don't need to get back to a computer so quickly.
Whoever got into FAZ was a good trade.
SiRV - Whenever there's uncertainty and fear, ppl go to the safest asset class to hide. That's the USD or the treasuries. Even with all the debt US currently has, US is like your deadbeat dad. You have to go to him in the family no matter how deadbeat he is...lol I find it hilarious when ppl on TV were bitching in August about US is increasing their debt ceiling..downgrade of US credit saying USD is going lower...to September when USD is the place to hide.
Lime - you play options right? I personally don't touch it but I was thinking the other day when Buffett was talking about how BAC is a stock that's going to do well in a few years. That made me think if I should buy like say DEC 12 out of the money calls at around say $10? betting that by next year, BAC should have bottomed at todays level and rise to closer to their book value.
| |
| | |
10-07-2011, 11:26 AM
|
#5572 | | Everyone wants a piece of R S...
Join Date: Nov 2002 Location: vancouver
Posts: 378
Thanked 6 Times in 5 Posts
Failed 0 Times in 0 Posts
|
Any of you guys invested in Gold Bullion Development (GBB.V)?
It's apparently a multi-million ounce open pit gold deposit, just waiting for the 43-101 though. It looks pretty lucrative at the current prices (as do a lot of the stocks atm).
They even put their drills on a 3d model-box, it's pretty cool haha. 3D model of Gold Bullion Development Corp's Granada Mine - LONG Bars Zone | |
| | |
10-07-2011, 12:00 PM
|
#5573 | | 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
|
hmm maybe not! flat day, just sold FAZ for 8% profit, all cash going into weekend
edit: careful highfive, 90% of options expire worthless, they are manipulated to max pain on strike dates. u have to be in & out of calls
| |
| | |
10-07-2011, 05:35 PM
|
#5574 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
Thanked 22 Times in 5 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by AME_VIP Back in the red today. Wish I bought some FAZ yesterday (up over 6% this morning) haha | That's hindsight speaking...got to throw that mentality away. You could have gotten it cheaper at the open today, if you bought yesterday at 60, you would have to set a stop loss under 57 in order for u to profit today..that means you're setting a 5% loss for a daytrade position and that's huge.
Just my 2cents  Posted via RS Mobile | |
| | |
10-09-2011, 10:33 AM
|
#5575 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by lime56 but he picked on me first mrs fawcet!!!!! honest!!!
hahahah.. yah just read the past posts...
have i wrong opinions or forecasts? of course.... but anyways | that's the thing here, you TELL people what to do as if you're some secret messiah of finance.
you're short term financials bet stank, like most of your other 'opinions'
i have to say, my long term view has done amazingly well this last week, WAY out performing the averages, but who cares, i'm not realizing gains or losses, as i don't need to nor do i want to as in my view my long term story has not changed, i have industry leaders that are well run, and well valued in sectors that will continue to do well. the only people of any value here are the people in a certain industry who have an 'inside' view and truly understand how tihngs work - that's not inside info (as that is unethical and can get them in a lot of trouble). having said that, most people here don't seem to be longer term investors, but given that i have a career, i don't have the time to be on the internets all day buying/selling, checking small moves here and there, so the quick trades are way to risky for me, in case i'm in meetings when markets close and i need to trade
everyone has an opinion, but yours appear mostly wrong (you can say 100 things, and have a chance that 50% are correct, not sure you're even batting 500 here), whereas others lay out a valid argument pro/con a position, more as an FYI and with reason, whcih is appreciated, your arrogance is painful to read
i'll say it again, don't you work in a restaurant? i'm not saying you have to be some high flier finance person to be a good trader, but unless you're a restauranter, owner, developer, i just ppl should know so as to discount your personally expressed 'expertise'
| |
| | | |
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 09:20 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
