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Revscene Wall Street.
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03-08-2012, 08:23 AM
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#6901 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,592
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Hey I hope I'm wrong and the company sells for $2, that's why I own a bunch, but I just feel like in terms of the "odds", the chances of the company making money and growing the share price organically are relatively low compared to some of the other companies we regularly discuss on this thread.
I continue to be very optimistic, I hold NZ and TAG, but I really feel like TAG is poised for some huge progress. They are spudding several wells in the next month and if they manage to find some more producers along with upgrading their infrastructure, they are going to be generating some serious cashflow.
Mark
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I'm old now - boring street cars and sweet race cars. | 
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03-08-2012, 10:33 AM
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#6902 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
Thanked 1,289 Times in 409 Posts
Failed 407 Times in 100 Posts
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I dont know, maybe I have a different view on it because I work in the oil sands. I think anything oil related is an absolute safe bet, oil is nothing but a money maker. The amount of money spent every day in the mine I am in is mind boggling.
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03-08-2012, 10:57 AM
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#6903 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,592
Thanked 4,034 Times in 1,228 Posts
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I agree on oil... almost any possible outcome in the world arena... Greece default, US going to war, etc. is only neutral or good news for oil & gas. This week NZ isn't going anywhere but TAG is kicking some serious ass today, new 52 week high. I'm going to hold on for $10, sell, and then hope to buy some back in the low 9s again. But I love that stock in the long term, they are kicking ass and taking names!
Edit - Got cold feet at $9.99 and sold TAG, turns out to be the high of the day.
Mark
__________________
I'm old now - boring street cars and sweet race cars.
Last edited by lowside67; 03-08-2012 at 11:58 AM.
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03-08-2012, 12:20 PM
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#6904 | | 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
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Market should be decently green tmw, barring any surprises in the US employment situation; "Greek Govt Official Tells CNBC Debt Swap Participation Rate Exceeds 90%"
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03-08-2012, 01:25 PM
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#6905 | | 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
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Nice rebound today up 13% for my commodity based stocks.
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03-08-2012, 04:48 PM
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#6906 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
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Originally Posted by shawnly1000  Market should be decently green tmw, barring any surprises in the US employment situation; "Greek Govt Official Tells CNBC Debt Swap Participation Rate Exceeds 90%" | ill counter and say its gonna be red or flat  | |
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03-08-2012, 05:55 PM
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#6907 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: May 2005 Location: Van/Vic
Posts: 162
Thanked 1 Time in 1 Post
Failed 1 Time in 1 Post
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Anyone looking at graphite lately?
__________________
Originally posted by HongKongG
Sometime i think about fucking this girl at my restaurant, and then running her over with my car.
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03-08-2012, 08:34 PM
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#6908 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
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Looking green so far...
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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03-09-2012, 05:35 AM
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#6909 | | 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
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I've been profitable buying HUV (VIS options ETF) on fridays for the last 2 weeks...
rinse and repeat?
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03-09-2012, 10:58 AM
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#6910 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
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Maybe a dumb question, but google search doesn't really give me clear answers.
If I am looking to buy crude oil, natural gas, or gold, just the commodity itself, how would I do that given my investment trading account? What symbol, if any, do I type in for a quote?
I am not looking to invest in leveraged ETF where bull/bear will wash out in the long run. I am also not looking to buy stocks of a company that has "close ties" with the particular commodity.
So is this possible under my existing trading account with my bank?
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03-09-2012, 11:14 AM
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#6911 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
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Originally Posted by TRDood Maybe a dumb question, but google search doesn't really give me clear answers.
If I am looking to buy crude oil, natural gas, or gold, just the commodity itself, how would I do that given my investment trading account? What symbol, if any, do I type in for a quote?
I am not looking to invest in leveraged ETF where bull/bear will wash out in the long run. I am also not looking to buy stocks of a company that has "close ties" with the particular commodity.
So is this possible under my existing trading account with my bank? | Futures contract?
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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03-09-2012, 11:18 AM
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#6912 | | I bringith the lowerballerith
Join Date: Nov 2005 Location: vancouver
Posts: 1,133
Thanked 4,543 Times in 464 Posts
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Originally Posted by TRDood Maybe a dumb question, but google search doesn't really give me clear answers.
If I am looking to buy crude oil, natural gas, or gold, just the commodity itself, how would I do that given my investment trading account? What symbol, if any, do I type in for a quote?
I am not looking to invest in leveraged ETF where bull/bear will wash out in the long run. I am also not looking to buy stocks of a company that has "close ties" with the particular commodity.
So is this possible under my existing trading account with my bank? | What do you mean by "will wash out?" Posted via RS Mobile | |
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03-09-2012, 11:37 AM
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#6913 | | 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
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Originally Posted by jasonturbo Futures contract? | What would the transaction look like as opposed to stocks? What symbol do I put in to make the trade? Any expiration as to the time limit I can hold the contract for? Posted via RS Mobile | |
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03-09-2012, 11:40 AM
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#6914 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
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Originally Posted by striker_boi7 What do you mean by "will wash out?" Posted via RS Mobile | Watch FAS/FAZ videos. ETFs that have inverses of each other that are leveraged will both converge to zero in the long run. I am looking to hold and not day trade.
Got burned with FAZ holdig it for half a year and HOU.TO for 10 months. Posted via RS Mobile | |
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03-09-2012, 11:45 AM
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#6915 | | 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
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Originally Posted by TRDood Watch FAS/FAZ videos. ETFs that have inverses of each other that are leveraged will both converge to zero in the long run. I am looking to hold and not day trade.
Got burned with FAZ holdig it for half a year and HOU.TO for 10 months. Posted via RS Mobile |  | |
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03-09-2012, 11:48 AM
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#6916 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
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Originally Posted by shawnly1000 | Yup. Noob mistakes. That's why I want to ask if there's a way to just buy "100 barrels of oil" for $10k and sell them whenever I wish. Posted via RS Mobile | |
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03-09-2012, 11:53 AM
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#6917 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
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Originally Posted by TRDood What would the transaction look like as opposed to stocks? What symbol do I put in to make the trade? Any expiration as to the time limit I can hold the contract for? Posted via RS Mobile | Commodity Solutions | ScotiaMcLeod
I used scotia for my investing, I don't know who you use, or if they trade futures.
You wil have a section for equities, mutual funds, and options when logged into your trading account... and possibly some more sections for futures, commodities etc.. when you set your trading account up it would have asked you if you planned on trading futures contracts. Once you are in the section for trading contracts the world is your oyster and the interface will be very similar to standard equity trading.
Jason
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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03-09-2012, 12:03 PM
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#6918 | | I bringith the lowerballerith
Join Date: Nov 2005 Location: vancouver
Posts: 1,133
Thanked 4,543 Times in 464 Posts
Failed 381 Times in 56 Posts
| Quote:
Originally Posted by TRDood Watch FAS/FAZ videos. ETFs that have inverses of each other that are leveraged will both converge to zero in the long run. I am looking to hold and not day trade.
Got burned with FAZ holdig it for half a year and HOU.TO for 10 months. Posted via RS Mobile | Icic, I thought you were referring to ETF decay. Your right though and leveraged etfs could turn sour for the inexperienced. I happened to read a blog post a while
Ago that i found pretty interesting, especially at some of the comments : http://matlab-trading.blogspot.com/2011/05/guess-what-leveraged-etfs-dont-decay.html?m=1 Posted via RS Mobile | |
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03-09-2012, 01:28 PM
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#6919 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,653
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moved some money into my TFSA today, hopefully it clears by monday
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03-09-2012, 01:30 PM
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#6920 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,592
Thanked 4,034 Times in 1,228 Posts
Failed 129 Times in 79 Posts
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I know I'm sounding like a broken record, but I really am stoked for both TAG and NZ in weeks coming. I am out of TAG already but will definitely be buying some more early next week and hold some NZ, would buy some more if the price comes down a little on Monday.
Next well should have some results out for NZ in 2 weeks or so!
Mark
__________________
I'm old now - boring street cars and sweet race cars. | |
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03-09-2012, 02:26 PM
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#6921 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
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TRDdood, DO NOT GO INTO FUTURES IF YOU DO NOT KNOW WHAT YOU ARE DOING / HAVE EXPERIENCE. Please. Or lose everything.
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03-09-2012, 02:34 PM
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#6922 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
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| Quote:
Originally Posted by strykn TRDdood, DO NOT GO INTO FUTURES IF YOU DO NOT KNOW WHAT YOU ARE DOING / HAVE EXPERIENCE. Please. Or lose everything. | I'm going to side with strykn on this one, its a great way to lose a lot of money in a hurry lol.
On a side note, I was holding some CYNO since october and let it go today, made a tidy profit 
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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03-09-2012, 08:21 PM
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#6923 | | 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
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Lowside: aware me on nz and tag. did some searching and couldnt find info on them? They on the tsx? Posted via RS Mobile | |
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03-09-2012, 10:58 PM
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#6925 | | 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
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Originally Posted by strykn TRDdood, DO NOT GO INTO FUTURES IF YOU DO NOT KNOW WHAT YOU ARE DOING / HAVE EXPERIENCE. Please. Or lose everything. | Is there something more to futures? I simply want to buy some oil right now and sell either July or August. If prices are not good by then, I would like to have the choice to hold it until next summer. Posted via RS Mobile | |
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