REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!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!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum

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.

Reply
 
Thread Tools
Old 05-22-2012, 07:25 PM   #7551
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
Sino-Forest finally getting called out for fraud lol..

OSC alleges fraud at Sino-Forest, widens probe beyond company - The Globe and Mail

Spoiler!
Advertisement
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
jasonturbo is offline   Reply With Quote
Old 05-22-2012, 07:33 PM   #7552
I answer every Emotion with an emoticon
 
TRDood's Avatar
 
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 Ulic Qel-Droma View Post
psychology behind a trend.



if you take a look at ES M2 or.. SP500 DAILY chart, it looks like a bull trap right now. i'd say it would retest the ~1333.00 level.
Would this graph apply to Apple right now? Bull trap? (noob investor here)
TRDood is offline   Reply With Quote
Old 05-22-2012, 09:01 PM   #7553
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 TRDood View Post
Would this graph apply to Apple right now? Bull trap? (noob investor here)
i'd say with aapl, had a great run up, but the valuation is sound, ex cash, they are so well valued.

now, after the run up, your risk reward isn't nearly as good as it was in say december, mind you they have since had another monster Q.

if i had any spare cash for my long term portfolio, i'd be buying at these prices, no doubt in my mind

they can't keep on growing forever like this, but i don't invest forever!
4444 is offline   Reply With Quote
Old 05-23-2012, 06:46 AM   #7554
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
Back into TVIX this morning.. going to be watching the news like a fucking hawk today lol.

7000 shares @ $9.63

Kicking myself really hard for not buying yesterday @ $7.8x... I was really close to pulling the trigger!

I really really like the concept of XIV/TVIX and FAZ/FAS to play market volatility...
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
jasonturbo is offline   Reply With Quote
Old 05-23-2012, 08:31 AM   #7555
14 dolla balla aint got nothing on me!
 
Join Date: Nov 2008
Location: Hong Kong
Posts: 613
Thanked 38 Times in 25 Posts
Failed 3 Times in 3 Posts
NZ taking a beating.. good time to buy??
bbbj is offline   Reply With Quote
Old 05-23-2012, 09:42 AM   #7556
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
Quote:
Originally Posted by bbbj View Post
NZ taking a beating.. good time to buy??
I'm in @ $3.00 lol so from my perspective it's a great time to buy lol.

With the Iran situation clearing up and makets being soft, you may be able to find a lower entry point yet, but thats just IMO.
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
jasonturbo is offline   Reply With Quote
Old 05-23-2012, 10:18 AM   #7557
RS Veteran
 
TouringTeg's Avatar
 
Join Date: Nov 2001
Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
Failed 4 Times in 4 Posts
CLL down 12.63% to .57 for a moment

I like TVIX for the final hour of trading. If sh*t is hitting the fan, all the emotional buyers start buying. Then sell before others start selling.

Last edited by TouringTeg; 05-23-2012 at 10:31 AM.
TouringTeg is offline   Reply With Quote
Old 05-23-2012, 10:41 AM   #7558
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
There is no Level II for TVIX, I got burned this morning lol Put a sell in for 10.00$, checked on it at $9.99 and saw massive resistance at $10.00 lol.. before I could change my asking price others had obviously seen the same resistance and down it came along with the market making a bit of a turn lol..

Never again will I set even numbered targets like 10$ lol.

Incase anyone is wondering I sold out at 9.7X and made a whopping 280$ lol
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life

Last edited by jasonturbo; 05-23-2012 at 03:19 PM.
jasonturbo is offline   Reply With Quote
Old 05-23-2012, 01:21 PM   #7559
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
DOW closed -6.66...the devil is among us! I believe he's going to say there WILL be QE3....lol
highfive is offline   Reply With Quote
This post thanked by:
Old 05-23-2012, 01:22 PM   #7560
Rider
 
gdoh's Avatar
 
Join Date: Apr 2010
Location: Surrey
Posts: 3,269
Thanked 2,081 Times in 532 Posts
Failed 439 Times in 100 Posts
^ i was just thinking that haha
gdoh is offline   Reply With Quote
Old 05-23-2012, 03:22 PM   #7561
RS Veteran
 
TouringTeg's Avatar
 
Join Date: Nov 2001
Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
Failed 4 Times in 4 Posts
Hey making $280 a day is way better then losing money!

YNG climbing a bit up 7.8% in the final 30mins of trading.
TouringTeg is offline   Reply With Quote
Old 05-23-2012, 09:28 PM   #7562
Banned (ABWS)
 
Join Date: Mar 2003
Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Failed 17 Times in 10 Posts
Well at least I'm only down 10% now on my gold stocks
Jermyzy is offline   Reply With Quote
Old 05-24-2012, 10:03 AM   #7563
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
Anyone have predictions for how we will close out the week? I feel like it's going to be up and down but mostly bearish going into the Greek elections in June.

TVIX making me rich a little each day, another 2500$ this morning...
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
jasonturbo is offline   Reply With Quote
This post thanked by:
Old 05-24-2012, 11:18 AM   #7564
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
Today FB has a market cap of $69 billion. I guess no one "like" their IPO status..... lol

haha just saw this from Pete Najarian Twitter...Today Facebook is worth $70 billion and it was just friended by Greece.

Last edited by highfive; 05-24-2012 at 12:45 PM.
highfive is offline   Reply With Quote
Old 05-24-2012, 01:22 PM   #7565
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
So I traded TVIX three times today, ended up about 4k up in cash, and now holding it at the end of the day @ 8.88 (7500 shares).. which on the afterhours is down around 8.5x...

See what the news brings tomorrow!

Edit: If me posting my constant profit/loss trade summaries annoys anyone feel free to let me know I just want you all to share in the joy of me making and losing money
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life

Last edited by jasonturbo; 05-24-2012 at 01:30 PM.
jasonturbo is offline   Reply With Quote
Old 05-24-2012, 01:22 PM   #7566
RS.net, where our google ads make absolutely no sense!
 
i-VTEC's Avatar
 
Join Date: Sep 2011
Location: Vancouver
Posts: 911
Thanked 297 Times in 116 Posts
Failed 236 Times in 53 Posts
Mark Cuban Purchases $4.8M In Facebook Stock
i-VTEC is offline   Reply With Quote
Old 05-24-2012, 01:48 PM   #7567
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 jasonturbo View Post
So I traded TVIX three times today, ended up about 4k up in cash, and now holding it at the end of the day @ 8.88 (7500 shares).. which on the afterhours is down around 8.5x...

See what the news brings tomorrow!

Edit: If me posting my constant profit/loss trade summaries annoys anyone feel free to let me know I just want you all to share in the joy of me making and losing money
doesn't bother me at all - this is exactly what this thread is best for!

you have balls of steel - the VIX can swing up and down like crazy from day to day, too risky for my liking... plus having $66K in it (assuming my calculator is working right) is balla status!

hope the wins keep coming, but let us know, up or down
4444 is offline   Reply With Quote
Old 05-24-2012, 02:39 PM   #7568
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 jasonturbo View Post
So I traded TVIX three times today, ended up about 4k up in cash, and now holding it at the end of the day @ 8.88 (7500 shares).. which on the afterhours is down around 8.5x...

See what the news brings tomorrow!

Edit: If me posting my constant profit/loss trade summaries annoys anyone feel free to let me know I just want you all to share in the joy of me making and losing money
I share the joy of you losing money
shawnly1000 is offline   Reply With Quote
Old 05-24-2012, 02:42 PM   #7569
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
Quote:
Originally Posted by shawnly1000 View Post
I share the joy of you losing money
Well then I expect to make you a very happy man.
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
jasonturbo is offline   Reply With Quote
Old 05-24-2012, 09:42 PM   #7570
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
Thought I'd seen it all but....porn star pumping stock?

https://twitter.com/#!/RachelStarrxxx

ROSG
shawnly1000 is offline   Reply With Quote
Old 05-24-2012, 09:51 PM   #7571
Banned By Establishment
 
Join Date: Nov 2006
Location: Vancouver
Posts: 259
Thanked 14 Times in 12 Posts
Failed 0 Times in 0 Posts
Spam
JudeChow is offline   Reply With Quote
Old 05-25-2012, 12:36 AM   #7572
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 shawnly1000 View Post
Thought I'd seen it all but....porn star pumping stock?

https://twitter.com/#!/RachelStarrxxx

ROSG
If she can pump jizz out of a cock as well as she can pump a stock. I'm buying ROSG!!!!
highfive is offline   Reply With Quote
Old 05-25-2012, 09:26 AM   #7573
I Will not Admit my Addiction to RS
 
vl_86's Avatar
 
Join Date: Jul 2004
Location: canada
Posts: 526
Thanked 211 Times in 19 Posts
Failed 6 Times in 4 Posts
I'm thinking about shorting Facebook, I don't think it justifies a 70B market cap

What do you guys think about it?
vl_86 is offline   Reply With Quote
Old 05-25-2012, 10:05 AM   #7574
I contribute to threads in the offtopic forum
 
jasonturbo's Avatar
 
Join Date: Feb 2008
Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
Today is so flat and boring that it's actually causing me physical pain.
jasonturbo is offline   Reply With Quote
Old 05-25-2012, 11:23 AM   #7575
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 vl_86 View Post
I'm thinking about shorting Facebook, I don't think it justifies a 70B market cap

What do you guys think about it?
I don't think it's a good idea right now. It went from $38 to $45 then down to low $30s. I don't think it can go lower short term.
highfive is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 09:31 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net