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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. |
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05-06-2012, 10:30 PM
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#7401 | | 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
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just raise cash and let all the dust settles. i will be in 50-60% cash and wait for an opportunity to get into some of my favorite names if the we get a decent correction. but something tells me this year's correction won't be as deep as 2011.
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05-07-2012, 09:48 AM
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#7402 | | Banned (ABWS)
Join Date: Oct 2011 Location: Port Coquitlam
Posts: 73
Thanked 21 Times in 8 Posts
Failed 20 Times in 6 Posts
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Just loaded up on Great West Lifeco. It lost almost 10% in the past few days for no significant reason and has a decent dividend scheduled at the end of the month.
Out of the major insurance companies in canada, GWL seems to be the most stable and profitable. Hope my thoughts turn out right.
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05-07-2012, 11:07 AM
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#7403 | | 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
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what a reversal
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05-07-2012, 12:06 PM
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#7404 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Failed 17 Times in 10 Posts
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Can't look at my holdings any more, will check back in 3 months  | |
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05-08-2012, 01:30 AM
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#7405 | | Rs has made me the man i am today!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
Failed 46 Times in 23 Posts
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Originally Posted by 4444  Then ur not doing it right (as in you've got too much skin in the game or your not investing within your comfort zone)
Down days happen, down weeks happen. | Yessir. No emotions. You gotta be a machine when it comes to making decisions.
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05-08-2012, 08:07 AM
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#7406 | | 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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Answer the question:
If I had 60k buring a hole in my pocket right now, I would buy ____________.
Here is the catch, not looking to hold this longer than 30 days. Oh and I would prefer to make money not lose it lol.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-08-2012, 08:09 AM
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#7407 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,596
Thanked 4,042 Times in 1,232 Posts
Failed 129 Times in 79 Posts
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Holy all oil stocks getting raped batman. Took the opportunity to use the last of my cash to put a big order in for TAO at 9.00 if it gets there. Ugly to look at today but I suspect it's only a temporary blip.
Mark
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I'm old now - boring street cars and sweet race cars. | |
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05-08-2012, 10:14 AM
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#7408 | | 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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Originally Posted by jasonturbo Answer the question:
If I had 60k buring a hole in my pocket right now, I would buy ____________.
Here is the catch, not looking to hold this longer than 30 days. Oh and I would prefer to make money not lose it lol. | CLL down 7% to .78 right now  Don't think you want to play that game again though.
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05-08-2012, 12:24 PM
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#7409 | | 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
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stock tanks 1minute after selling puts.. holy fuck i am so MAD(UJ*(#U$#*($U
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05-08-2012, 12:41 PM
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#7410 | | 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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No suggestions hey? 20 minutes left before it's too late...
Just looking for a bargain...
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-08-2012, 01:32 PM
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#7411 | | 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
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Originally Posted by strykn stock tanks 1minute after selling puts.. holy fuck i am so MAD(UJ*(#U$#*($U | did you make money? if so, just a bit of bad luck - don't be greedy!
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05-08-2012, 02:07 PM
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#7412 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,387
Thanked 2,865 Times in 1,151 Posts
Failed 153 Times in 76 Posts
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dont try to catch a falling knife
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05-08-2012, 02:09 PM
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#7413 | | 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 jasonturbo Answer the question:
If I had 60k buring a hole in my pocket right now, I would buy ____________.
Here is the catch, not looking to hold this longer than 30 days. Oh and I would prefer to make money not lose it lol. | BUY FACEBOOK!!!!!!! lol
If you want, go buy MUX (McEwen Mining). It's near it's 52 weeks low today. Buy at 3.20s, sell at $4.
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05-08-2012, 02:36 PM
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#7414 | | 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
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Originally Posted by 4444 did you make money? if so, just a bit of bad luck - don't be greedy! | yea 25% but if the bleed continues it would have been a 100% gain ... next time
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05-08-2012, 06:07 PM
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#7415 | | 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
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Originally Posted by highfive BUY FACEBOOK!!!!!!! lol
If you want, go buy MUX (McEwen Mining). It's near it's 52 weeks low today. Buy at 3.20s, sell at $4. | If only it were that easy, I'd buy at $3.20, sell $2.50  | |
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05-08-2012, 09:29 PM
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#7416 | | 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
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You can BUY more at $2.50. Rob McEwen is the guy who found Goldcorp.
He wants to get MUX into the S&P 500 qualification by 2015. Who knows but the guy puts his money where his mouth is. He owns 25% of the company.
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05-08-2012, 10:52 PM
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#7417 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
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I'm heavy heavy into MUX.
Also heavy into Ivanhoe Mines with the big management change, no takeover premium, Rio Tinto taking full control and the Mongolia government threatening expropriation I don't think I can do any worse.
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05-08-2012, 11:19 PM
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#7418 | | RS.net, where our google ads make absolutely no sense!
Join Date: Mar 2011 Location: Richmond
Posts: 916
Thanked 692 Times in 227 Posts
Failed 68 Times in 25 Posts
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Everything is getting pummelled right now, and we still got several months to go... | |
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05-08-2012, 11:27 PM
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#7419 | | WOAH! i think Vtec just kicked in!
Join Date: Apr 2004 Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
Failed 76 Times in 29 Posts
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I'm 40% cash right now, soo many options on what to buy in my watchlist: NZ, Alcoa, Nexen, Goldcorp , Teck, SLW, even CLL looks good at .78.
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05-08-2012, 11:30 PM
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#7420 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
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100% cash now since I made that 20% off the bump in YNG.. still waiting for a good entry point lol
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05-09-2012, 03:03 AM
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#7421 | | Banned By Establishment
Join Date: Nov 2006 Location: Vancouver
Posts: 259
Thanked 14 Times in 12 Posts
Failed 0 Times in 0 Posts
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What do you guys think about RY???
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05-09-2012, 07:35 AM
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#7422 | | 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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FAZ is what I should have bought yesterday.
Picked up 10k shares @ 23.56
At least I'm hedged now... Euro fucks.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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05-09-2012, 10:45 AM
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#7424 | | RS.net, where our google ads make absolutely no sense!
Join Date: Mar 2011 Location: Richmond
Posts: 916
Thanked 692 Times in 227 Posts
Failed 68 Times in 25 Posts
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Predicted a bounce today on one of my holdings, and a 9 percent bounce happened like clockwork.
I think I'm getting the hang of this...  | |
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05-09-2012, 11:06 AM
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#7425 | | 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
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Originally Posted by Geoc Predicted a bounce today on one of my holdings, and a 9 percent bounce happened like clockwork.
I think I'm getting the hang of this... | which & why?
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