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-   -   STOCK MARKET Thread (https://www.revscene.net/forums/374823-stock-market-thread.html)

lowside67 04-13-2012 05:34 AM

Alright, I pulled the plug on CLL today. I am hopeful that you guys that are being patient are rewarded but I am tired of looking at this loser and would like to put that money to work!

Mark

jasonturbo 04-13-2012 08:11 AM

Quote:

Originally Posted by lowside67 (Post 7884911)
Alright, I pulled the plug on CLL today. I am hopeful that you guys that are being patient are rewarded but I am tired of looking at this loser and would like to put that money to work!

Mark

Just cause of this post, CLL will be sold monday lol Just watch, Murphys Law!!!

Don't know if any of you remember, but I posted a while back about getting in on a private placement, going for it, 50k buy in. I will own 1/66th (Based on a valuation of 3.3M) of the company.. though that will likely end up being diluted to some extent or another sooner or later I would think. Wish me luck lol.

highfive 04-13-2012 10:04 AM

PP for what company?

lowside67 04-13-2012 10:08 AM

Quote:

Originally Posted by jasonturbo (Post 7884971)
Just cause of this post, CLL will be sold monday lol Just watch, Murphys Law!!!

If so, it's because of my publicly selling, and you guys all owe me ;)

jasonturbo 04-13-2012 11:10 AM

Quote:

Originally Posted by lowside67 (Post 7885044)
If so, it's because of my publicly selling, and you guys all owe me ;)

LOL well I'm not holding it anymore so it won't do me any good!

PP is for Online Employee Scheduling Software | Workforce Management

1000 accounts and growing fast...

TouringTeg 04-13-2012 12:08 PM

wtf happened in the last hour.

Hmmm not sure whether to buy more YNG as it continues to fall.

lowside67 04-13-2012 12:12 PM

YNG is sucking wind big time but that's as a result of the price of gold falling. As it falls further and further, the likelihood of it being economically viable to mine gold at YNG properties gets smaller and smaller. I'm not buying any more YNG but I am not freaking out either. I'm much happier to hold YNG in a negative situation than CLL, at least there's an upside for YNG!

Mark

TouringTeg 04-16-2012 09:13 AM

fawk.. from bad to worse on YNG. Going to be holding for a while.

Geoc 04-16-2012 09:22 AM

Quote:

Originally Posted by AME_VIP (Post 7888874)
fawk.. from bad to worse on YNG. Going to be holding for a while.

lol, is there anything else you can do but hold right now? With the feds sitting around twiddling their thumbs while the economy is heading back downhill.

There's not much you can do but average down the price and wait it out.

If the company has good fundamentals and has a lot of growth potential, I will buy more in the coming months and give it time.

It's not just you who is in a long position, so is everyone else.

SiRV 04-16-2012 09:36 AM

been selling off bits and pieces of my POT holdings in last couple months and sitting on a bit of cash.. maybe i'll toss it into YNG .. market cap of +$260 million looks more stable than the other ones that have been mentioned of ~$3 million




:troll:

jasonturbo 04-16-2012 09:51 AM

Common noobs, look at the volume on YNG, not the price.

Volume trader per day:
April 16: 114,006
April 13: 212,771
April 12: 677,751 (One single buying trade of 325k shares)
April 11: 274,763
April 10: 250,949

For an avg. trading volume of 306,048 shares per day over the last week.

Total number of outstanding YNG shares is 931,094,031.

This means that on average, only .0328% of outstanding shares are being traded each day... YNG was trading at 32.5 on April the 9th, so if you think a price drop of (32.5 to 28.5) roughly 12% is justified by this volume (Total volume over 5 days of 0.164% of outstanding shares).. well then you're clearly not made for trading cause holding is beyond your emotional abilities as an investor... the proof of this is the .164% of investors holding YNG who felt the need to dump it on the way down.

People are holding this stock for a reason, at least that would be my feelings in the matter.

The market has in fact developed rather thick skin as of late, volatility of price and volume are telling us two very different things.. don't get caught up on the dollars you see in your trading account, it's these people that will sell and miss out on the jump up.

highfive 04-16-2012 10:14 AM

America's hottest penny stock has links to controversial Osoyoos family

Did anyone read this in the Vancouver Sun over the weekend?

hahah SNPK:OTC is currently at $1.92...short it back to pennies? lol

shawnly1000 04-16-2012 12:05 PM

Quote:

Originally Posted by highfive (Post 7888922)
America's hottest penny stock has links to controversial Osoyoos family

Did anyone read this in the Vancouver Sun over the weekend?

hahah SNPK:OTC is currently at $1.92...short it back to pennies? lol

David Baines is awesome. Vancouver is a hot spot for stock fraudsters (pump/dump).

shawnly1000 04-16-2012 12:06 PM

Market funky today, AAPL and GOOG down relatively big

RIM $RIMM said to discuss hiring a bank to help weigh strategy options -Bloomberg

Stormspirit 04-16-2012 02:50 PM

Anyone know the best broker who can provide low entrance fee of account for margin and able to short pennies? So far questrade is the best deal i found. Anything else?

bakasam 04-16-2012 03:10 PM

I thought you cant do penny stocks with quest trade

shawnly1000 04-16-2012 06:40 PM

Cool stats

Bespoke Investment Group - Think BIG - Apple 5-Day Losing Streaks

jasonturbo 04-17-2012 06:35 AM

Fuck you Scotia iTrade... they merged iTrade and Mcleod Direct and now it's all fucked up, I have placed orders, can't modify or cancel them, and they have been sitting with the status of "not aknowledged"... FUCKERS lol those are market orders!!!!

On a side note, they have seen fit to provide me with additonal buying power in the form of leverage.. I was surprised by this...

Edit: 3 hours later, scotia still all fucked up.

bbbj 04-17-2012 09:24 AM

Quote:

Originally Posted by jasonturbo (Post 7889867)
Fuck you Scotia iTrade... they merged iTrade and Mcleod Direct and now it's all fucked up, I have placed orders, can't modify or cancel them, and they have been sitting with the status of "not aknowledged"... FUCKERS lol those are market orders!!!!

On a side note, they have seen fit to provide me with additonal buying power in the form of leverage.. I was surprised by this...

Edit: 3 hours later, scotia still all fucked up.

Hmm I've still been logging in through the itrade website, and everything has been the same for me so far so maybe they haven't changed me over to the new system yet.. wait so are you still going through scotiaitrade website to login or a different site?

highfive 04-17-2012 09:41 AM

Quote:

Originally Posted by shawnly1000 (Post 7889362)

Damn...article is right. Apple up $25 4.3% today.

strykn 04-17-2012 11:03 AM

Quote:

Originally Posted by Stormspirit (Post 7889155)
Anyone know the best broker who can provide low entrance fee of account for margin and able to short pennies? So far questrade is the best deal i found. Anything else?

IB is the best for shorting.

shawnly1000 04-17-2012 11:28 AM

Apple go H.A.M again

highfive 04-17-2012 01:10 PM

Warren Buffett diagnosed with State I prostate cancer. Hopefully everything is well with him.

Lets see how BRK does tomorrow.

shawnly1000 04-17-2012 02:04 PM

Think it's a non-event, or should be (rationally speaking). He's already 81, there have already been talks of his successor, it's stage 1 only.

waddy41 04-17-2012 05:42 PM

Quote:

Originally Posted by jasonturbo (Post 7889867)
Fuck you Scotia iTrade... they merged iTrade and Mcleod Direct and now it's all fucked up, I have placed orders, can't modify or cancel them, and they have been sitting with the status of "not aknowledged"... FUCKERS lol those are market orders!!!!

On a side note, they have seen fit to provide me with additonal buying power in the form of leverage.. I was surprised by this...

Edit: 3 hours later, scotia still all fucked up.

I understand your pain...
I hate it when the platform, through their glitches, prevents you from making timely decisions...


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