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03-22-2012, 02:26 PM
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#7076 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
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I would have already impulsively bought it but I'm tapped. Changed my mind again and bought 15k shares in HBK. 
Not sure why buddy got his panties in a bunch about what stocks I buy for ME. Weird. Posted via RS Mobile | 
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03-22-2012, 03:21 PM
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#7077 | | Wanna have a threesome?
Join Date: Oct 2010 Location: Squamish
Posts: 4,889
Thanked 5,054 Times in 1,657 Posts
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| Quote:
Originally Posted by Iceman-19  I would have already impulsively bought it but I'm tapped. Changed my mind again and bought 15k shares in HBK.
Not sure why buddy got his panties in a bunch about what stocks I buy for ME. Weird. Posted via RS Mobile | I know, I don't post in this thread.
I don't have enough experience to build much on what Strykn, Jason and Mark post. I have been investing relatively casually with smallish amounts for five years, since I was nineteen. I religiously read this thread though, because there is some great advice given out in it, and honestly, your posts have stood out a bit, Ice.
I agree with Sky_High, I think your current approach of making impulse purchases based on what other people in this thread are buying will not result in long term success. It is almost certainly not an approach that will make you rich, as you stated was your goal a few pages back. My panties aren't in a bunch, you could light cigars with hundred dollar bills for all I care, it's your money. It's just a bit of constructive criticism from someone with possibly slightly more, although admittedly also limited experience.
How many stocks are you currently holding?
The importance of diversification is often lost on new investors, holding only one or two stocks magnifies overall risk exponentially, something to consider.
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03-22-2012, 03:54 PM
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#7078 | | 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
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Originally Posted by MindBomber I know, I don't post in this thread.
I don't have enough experience to build much on what Strykn, Jason and Mark post. I have been investing relatively casually with smallish amounts for five years, since I was nineteen. I religiously read this thread though, because there is some great advice given out in it, and honestly, your posts have stood out a bit, Ice.
I agree with Sky_High, I think your current approach of making impulse purchases based on what other people in this thread are buying will not result in long term success. It is almost certainly not an approach that will make you rich, as you stated was your goal a few pages back. My panties aren't in a bunch, you could light cigars with hundred dollar bills for all I care, it's your money. It's just a bit of constructive criticism from someone with possibly slightly more, although admittedly also limited experience.
How many stocks are you currently holding?
The importance of diversification is often lost on new investors, holding only one or two stocks magnifies overall risk exponentially, something to consider. | its not just that, its that the posts are in too much volume and say nothing, other than 'i just bought what so and so said he bought' - great, we all buy what we want and all suggest stocks we like/looking at - if you are just going to buy other ppl's recommendations, do it without posting, unless you have some valid input based on dd.... which, as others have pointed out, appears to be a missing link
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03-22-2012, 03:58 PM
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#7079 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
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03-22-2012, 04:12 PM
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#7080 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Originally Posted by Iceman-19 If a market cap of a stock is say, 2 million, a fair value stock price should be around .20 a share correct? Or am I way off base? Posted via RS Mobile | .. perfect timing for all the posts re: Iceman. Just catching up on the reading on this thread and.. Sorry, but for posting so much in this thread, I would have assumed the answer to this is kind of common -baseline- knowledge
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03-22-2012, 04:26 PM
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#7081 | | Wanna have a threesome?
Join Date: Oct 2010 Location: Squamish
Posts: 4,889
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^
I agree. Quote:
Originally Posted by Iceman-19 Cancelled my YNG order, put in an order of NZ @ 3.03, see what happens. Posted via RS Mobile | I must admit, I was a bit dumbfounded reading this post on the last page.
Canceling an order and placing a new one based on three brief sentences by, Mark. It takes a special type of person to make such significant financial decisions so casually, it's like playing high stakes poker. Quote:
Originally Posted by shawnly1000 | There is a very successful proprietary computer program that predicts stock prices based on general internet chatter. I forget what specific firm owns the software, I heard about it on Lang & O'Leary, I think. If you look at the strategy in the very specific cases of AAPL and GOOG, it would seem that an increase in chatter does correspond to a rising share price.
Last edited by MindBomber; 03-22-2012 at 04:41 PM.
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03-22-2012, 04:33 PM
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#7082 | | 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 post my thoughts and moves to discuss them with others but I am not so successful or experienced that they should be mirrored without any cause for alarm. I hope everybody does their own due diligence - I got caught by the "CLL fever", much of which is from this board and jumped in before doing enough homework of my own and now am regretting that on a daily basis.
Iceman, obviously I believe in what I post but please, don't commit your own capital based solely on my opinion... my opinion is sketchy enough for one person's fund, let alone two 
Mark
__________________
I'm old now - boring street cars and sweet race cars. | |
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03-22-2012, 04:58 PM
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#7083 | | Rider
Join Date: Apr 2010 Location: Surrey
Posts: 3,270
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market is so fucking dead, i expect it to be the same next week too as this is year end for most. lets hope april brings a better market =]
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03-22-2012, 04:59 PM
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#7084 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
Thanked 1,289 Times in 409 Posts
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| Quote:
Originally Posted by MindBomber I know, I don't post in this thread.
I don't have enough experience to build much on what Strykn, Jason and Mark post. I have been investing relatively casually with smallish amounts for five years, since I was nineteen. I religiously read this thread though, because there is some great advice given out in it, and honestly, your posts have stood out a bit, Ice.
I agree with Sky_High, I think your current approach of making impulse purchases based on what other people in this thread are buying will not result in long term success. It is almost certainly not an approach that will make you rich, as you stated was your goal a few pages back. My panties aren't in a bunch, you could light cigars with hundred dollar bills for all I care, it's your money. It's just a bit of constructive criticism from someone with possibly slightly more, although admittedly also limited experience.
How many stocks are you currently holding?
The importance of diversification is often lost on new investors, holding only one or two stocks magnifies overall risk exponentially, something to consider. | It was more in the way he went about it. I appreciate what you said, and I know it's not a long term winning strategy. I have short term goals for the time being. I work full time making more then enough to support myself, so this is all just play money. I have less than 10k in stocks right now, I could lose it all today and have it all back comfortably in a few months. I'm learning as I go, albeit slowly, but learning none the less. I currently only hold 2 stocks, but plan on diversifying quite a bit in the near future. It's a live and learn deal. I don't mind playing it risky. Posted via RS Mobile | |
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03-22-2012, 05:04 PM
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#7085 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
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Lol, this Is something else. I feel like I am being lectured by my parents for breaking a rule. I didn't know chatting on a message board was against the rules. As for the decisions I make, yup, pretty impulse. Sometimes it pays off, sometimes it doesn't. I'm done defending myself, think what you want, post what you want. Posted via RS Mobile | |
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03-22-2012, 05:05 PM
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#7086 | | 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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Hey man, I'm not lecturing you, I'm just making sure I can quote myself at a future date to say "I TOLD YOU I'M CRAZY!" when I post some boneheaded thing I do and we lose all our money haha.
Mark
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I'm old now - boring street cars and sweet race cars. | |
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03-22-2012, 05:10 PM
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#7087 | | resident Oil Guru
Join Date: Mar 2005 Location: Vancouver
Posts: 7,716
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How's CUU doing these days? Posted via RS Mobile | |
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03-22-2012, 05:24 PM
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#7088 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
Thanked 1,289 Times in 409 Posts
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| Quote:
Originally Posted by lowside67 Hey man, I'm not lecturing you, I'm just making sure I can quote myself at a future date to say "I TOLD YOU I'M CRAZY!" when I post some boneheaded thing I do and we lose all our money haha.
Mark | I started on 1 stock, sold for profit, now I have moved into 2. I still say I will make a profit on CLL, I am willing to wait. Wish I had more funds to play with but I will wait it out. Im learning as I go. I dove in head first and went with it. Sorry for being excited about it, but its new to me and I enjoy the excitement. Its REALLY fucking boring up here most days, this is about the only enjoyment I get out of most days. Other then fucking with labourers or operators.
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03-22-2012, 05:55 PM
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#7089 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
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LOL holy people, take it easy on the noob, he won't learn if he doesn't experience.
Yeah wait to bring up CUU :s Lot's of people on here got romantic with that one.
CLL isn't in bad shape, it's holding up pretty well right now, commodities have been soft, Iran got quiet, delta between WTI and Canadian Bitumen grew about 20$/BBL in late January... so all in all... it's hanging in there alright. Financials didn't help and also did not provide shareholders the disclosure they are entitled to... that kind of thing makes me want to pull out.
It's up to any investor to determine their risk levels, no doubt there is far more and far less risky plays than CLL, but at this point, expecting even say a double to 2$/share within say 1-2 months.. I don't know how bad I want to hold onto it. I really think there is a lot of good buys out there right now, and that's what makes holding CLL hard.. to me it's not the fear of the stock dropping and the company going broke.. it's more the fear of WFC pulling some sneaky shit and selling the company for <1.50/share while I hold it for months and months. Possibly into a down-turning market.
Mehhh... We shall see, I'm fairly well diversified in various oil/gas producers, service providers, gold miners, uranium.. but that leaves me too tied to commodities.. but with econominc recovery and a run up with banks/tech/medical/etc additional pressure will be put on resources.. it just might be that commodities lag other sectors.
I need to spread some money into banking, BAC looks better and better everyday... Hopefully we can see a year where a lot of money leaves the bond market and gets back into equities, with yields as low as they are, you can expect that to happen shortly I would think.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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03-22-2012, 06:07 PM
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#7090 | | Wanna have a threesome?
Join Date: Oct 2010 Location: Squamish
Posts: 4,889
Thanked 5,054 Times in 1,657 Posts
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| Quote:
Originally Posted by lowside67 Hey man, I'm not lecturing you, I'm just making sure I can quote myself at a future date to say "I TOLD YOU I'M CRAZY!" when I post some boneheaded thing I do and we lose all our money haha.
Mark | Don't worry, I'll probably quietly listen to you as well and we'll all be broke. The three of us can watch the MIT blackjack team documentary a couple dozen times, form a RS card counting team, fly to Vegas and win it all back. When we get put in the "Griffen" book, we can fly to Monte Carlo.
and on an actual serious note..
Does anyone have any thoughts on VGQ?
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03-22-2012, 06:23 PM
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#7091 | | 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
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Originally Posted by LiquidTurbo How's CUU doing these days? Posted via RS Mobile | CUU is terribly managed but the resource is worth a LOT more than what that stock is trading at. There will definitely be some big gains on that one, just that the date of expected profit is getting pushed back, and back, and back by mismanagement of this & the completion of the PFS
Painful, but a world class asset in a world class mining area (BC, from a geopolitical perspective), with full government support.
I would advice anyone and everyone to buy into some as a spec play, with a 12 month expected hold period... all bets are off, though, if the NDP were to ever get into power, they'll f BC up royally
if ppl got in b/c of 'romance' they're idiots - the numbers and drill results don't and aren't lying on this one, all teh right things are coming out including te right governmental decisions
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03-22-2012, 06:30 PM
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#7092 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
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.. thinking of selling my POT soon, also a relatively flat mover over the last few months. Should have really stuck in with my initial intuition on BAC.. I think I bought that one at 4.80 and wanted to hold only to sell at around 5.8x ... argh...
Will probably wait till later in the year to buy some NYSE  IA, the ETF that tracks the DJI pretty well.. maybe load up on some FAZ if it ever hits 10$ ..harhar
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03-22-2012, 09:17 PM
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#7093 | | WOAH! i think Vtec just kicked in!
Join Date: Apr 2004 Location: Vancouver
Posts: 1,687
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The only stock I purchased that I got or were persuaded by this thread is YNG. . . and I got it for avg price of $.34
It's weird, cause I also hold CLL and CUU which have been heavily discussed on this board. Right now my avg cost for CLL and CUU is below the current market price. But because of that I'm willing to hold on cause I really believe something will be there. I know my buddies are telling me to take my small gains and dump these piece of shiet poorly managed companies, but sometimes you just have to be patient. The downside risk isnt that great compared to the potential rewards, its a trade off I'm willing to make.
Surprisingly and unexpectedly (as in the % amount of appreciation), most of my profits this year have been from buying, holding and selling US banks.
Edit: BTW The discussions of CLL and CUU is what made me pay attention to this thread more since I wanted to see what other peeps think of it. One thing to note, people should do their own due diligence and not solely rely on what others say on this board.
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03-23-2012, 06:50 AM
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#7094 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
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Looks to me like the start of a rally... hopefully we end the day nice and green.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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03-23-2012, 07:01 AM
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#7095 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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LOL Flash crash
Apple $AAPL halted after trade at $542.80.....
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03-23-2012, 07:15 AM
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#7096 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
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I don't see it reflected on the chart for some reason...?
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03-23-2012, 07:48 AM
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#7097 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,592
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| Apple Flash Crash: Stock Halted After Trade Causes 9% Plunge
I don't really get it though... even if somebody agreed to sell at $548, there would have been tons of buyers way above that price so how do the shares actually get transacted at that price?
Mark
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I'm old now - boring street cars and sweet race cars. | |
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03-23-2012, 08:35 AM
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#7098 | | Rs has made me the man i am today!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
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Originally Posted by shawnly1000 LOL Flash crash
Apple $AAPL halted after trade at $542.80..... | haha, I got the alert this morning. I had a 580 alert. I was like wtf ? lol
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03-23-2012, 11:16 AM
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#7099 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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Originally Posted by lowside67 |
HFT and misprint. Trades got cancelled most likely.
Edit.... BATS dun goof'd
Last edited by shawnly1000; 03-23-2012 at 12:12 PM.
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03-24-2012, 05:30 AM
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#7100 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Sep 2011 Location: RevScene.net
Posts: 1,889
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Have anyone else been keeping an eye on PCLN?
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