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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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12-20-2013, 10:37 AM
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#8876 | | Rs has made me the man i am today!
Join Date: Feb 2002 Location: W.R.
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Originally Posted by jasonturbo  So far it's holding at +25%, I expected it to fade a bit... | I don't expect much of a fade as I don't really envision there being a lot of profit-taking here with a lot of investors still upside down in the stock.
With that being said, it appears the price is purposely being held close to $2 due to options expiration today.
Kev
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12-21-2013, 04:45 PM
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#8877 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
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Haven't traded a biostock in a year, last time i traded AMRN was nearly 1.5-2 years ago.... BUT if price holds 1.8-2 and builds a base ... gonna yolo some FEB calls
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12-21-2013, 05:08 PM
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#8878 | | 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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Don't laugh but come come Jan I'll be picking up ARIA common stock or AMRN Feb Calls with my fresh 2014 TFSA money!
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-21-2013, 06:02 PM
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#8879 | | RS has made me the bitter person i am today!
Join Date: May 2005 Location: 604
Posts: 4,504
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HIMX has rallied. Long!
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12-23-2013, 11:05 AM
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#8880 | | Ready to be Man handled by RS!
Join Date: May 2012 Location: burnaby
Posts: 89
Thanked 21 Times in 14 Posts
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Originally Posted by Carl Johnson imo diversification is for people who don't know what they are doing. aren't you diversifying your returns at the same time? i think it explains why many fund managers underperform the indexes. one of the advantage of investing on your own is the ability to make concentrated bets on a limited number of companies and that you truly believe will do well in any macro environment and willing to hold onto it as long as the original investment thesis is still intact and valuation still make sense. | "This is a chart that I teach people in the firm, which I call the Holy Grail of investing. [ He draws a diagram where the horizontal axis represents the number of investments and the vertical axis the
standard deviation.]
[He then draws a curve that slopes down from left to right—that is, the greater the number of assets, the lower the standard deviation.]
This chart shows how the volatility of the portfolio changes as you add assets. If you add assets that have a 0.60 correlation to the other assets,
the risk will go down by about 15 percent as you add more assets, but that’s about it, even if you add a thousand assets. If you run a long-only
equity portfolio, you can diversify to a thousand stocks and it will only reduce the risk by about 15 percent, since the average stock has about a
0.60 correlation to another stock. If, however, you’re combining assets that have an average of zero correlation, then by the time you diversify
to only 15 assets, you can cut the volatility by 80 percent. Therefore, by holding uncorrelated assets, I can improve my return/risk ratio by a
factor of five through diversification."
I think Ray Dalio knows what he's doing.
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12-24-2013, 11:01 PM
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#8881 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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i am not challenging the principle of diversification but merely saying i only care about absolute return where fund mangers are scored on relative performance. i can sit on my ass for a long time and don't have churn my account just because sp500 went up 15% and i forced to make a trade.
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12-24-2013, 11:06 PM
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#8882 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
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Originally Posted by Carl Johnson i am not challenging the principle of diversification but merely saying i only care about absolute return where i can't hold 10 or 20 stocks in my limit portfolio. if i see an opportunity that is worth taking the risk then i bet big. | I will support the none diversity portfolio for the average investor.
Sure having capital spread over various sectors and businesses allows you to spread the risk, but it also means you need to ACTUALLY SPEND THE TIME TO DO YOUR DD on all these sectors, businesses, competitors, etc... If you are just picking names from a hat or because you saw it on BNN... prepare to be molested by WS/MM.
For me or any other retail investor to have a good diversified portfolio you would need a lot of free time to actually do your research and keep up with news/events.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-30-2013, 12:56 PM
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#8883 | | Rs has made me the man i am today!
Join Date: Feb 2002 Location: W.R.
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Originally Posted by Roach Friday will certainly be interesting.
Tempted to make a small bet on it at $1.60 as it seems that all the negative news has already been priced into the stock.
The recent CEO resignation and FDA's typical unwillingness to change direction are holding me back though.
Kev
Edit: In at $1.68. | Out today at $1.93.
Kev
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12-30-2013, 06:30 PM
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#8884 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
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Originally Posted by Roach Out today at $1.93.
Kev | Goooood jooooorrrrrbbbbbb!
Me, I don't like making money, so I'll just hold on a little longer :s
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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12-31-2013, 11:44 AM
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#8885 | | Rs has made me the man i am today!
Join Date: Feb 2002 Location: W.R.
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Into ARIA at $6.71. From one roller coaster to another.
Kev
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12-31-2013, 11:48 AM
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#8886 | | Rs has made me the man i am today!
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Just as soon as I posted that, it took out my ask. Out at $6.97.
Kev
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01-08-2014, 04:08 PM
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#8887 | | RS has made me the bitter person i am today!
Join Date: May 2005 Location: 604
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what is the best or most affordable way to trade in the otcmarket?
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01-09-2014, 09:13 AM
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#8888 | | RS.net, where our google ads make absolutely no sense!
Join Date: Mar 2011 Location: Richmond
Posts: 916
Thanked 692 Times in 227 Posts
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AMRN looking good, might put in a small position because I haven't been to the casino in a while
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01-10-2014, 07:54 AM
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#8889 | | NOOB, Not Quite a Regular!
Join Date: Nov 2010 Location: Vancouver
Posts: 45
Thanked 6 Times in 3 Posts
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Got ICPT when it was $49, 750 shares. Didn't sell yesterday, what a payoff
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01-10-2014, 09:35 AM
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#8890 | | 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 Infinitii Got ICPT when it was $49, 750 shares. Didn't sell yesterday, what a payoff | $49?!@!
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01-10-2014, 12:46 PM
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#8891 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 7,052
Thanked 1,286 Times in 594 Posts
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Originally Posted by Infinitii Got ICPT when it was $49, 750 shares. Didn't sell yesterday, what a payoff | Wow. Very very nice! Posted via RS Mobile | |
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01-10-2014, 01:20 PM
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#8892 | | RS controls my life!
Join Date: Nov 2012 Location: YVR
Posts: 762
Thanked 531 Times in 274 Posts
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So who's predicting Canada going into a recession this year? Today's job report stunk + high personal debts.
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01-10-2014, 07:38 PM
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#8893 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
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Originally Posted by noclue So who's predicting Canada going into a recession this year? Today's job report stunk + high personal debts. | Not likely in 2014,... 2015 though.... well... I am going to make sure I have/maintain secure employment as I close out 2014, maybe it's time I apply with the NEB! Ride the govt. gravy train with the rest of the assholes.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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01-10-2014, 10:03 PM
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#8894 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
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Originally Posted by Infinitii Got ICPT when it was $49, 750 shares. Didn't sell yesterday, what a payoff | Hoooooooooooooooooooooollyy!
Jumping up and down?
Where was our intel on this stock lol, kidding.  How'd you find out about the stock and what made you so confident in investing 40k?
Congrats, jelly.
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01-10-2014, 10:05 PM
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#8895 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
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Originally Posted by noclue So who's predicting Canada going into a recession this year? Today's job report stunk + high personal debts. |
I doubt this. The crappy #'s will help the dollar go down. Exports go up.
Precious metals goes up.
TSX and Venture rebound.
And Blaine/Bellingham lose business.  | |
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01-11-2014, 03:36 PM
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#8896 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
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Originally Posted by subordinate Hoooooooooooooooooooooollyy!
Jumping up and down?
Where was our intel on this stock lol, kidding. How'd you find out about the stock and what made you so confident in investing 40k?
Congrats, jelly. | Same question...$40k on this?
Damn...
Looks like the drug isn't FDA approved yet, would you short it back to $40? | |
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01-11-2014, 07:00 PM
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#8897 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
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Originally Posted by highfive Same question...$40k on this?
Damn...
Looks like the drug isn't FDA approved yet, would you short it back to $40? | You go ahead and do that lol. It's definitely worth a try, 50 dollars to 418.00 is incredible.
Give it a couple more days for the momentum to fully die down, then start shorting. It'd start dropping.
But key is..... learn how long it takes for them to get approval to fast track....don't want to get caught in that. You'll get slaughtered.
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01-13-2014, 11:34 AM
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#8898 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
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I would def have pulled the pin on ITCP in the 400's, pull back seemed like a no brainer on that one, wonder how th short position wll look in a couple weeks.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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01-14-2014, 09:19 AM
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#8899 | | 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 Infinitii Got ICPT when it was $49, 750 shares. Didn't sell yesterday, what a payoff | Well I sure hope you sold by now lol..
From $49 to high of $488, and now back down to $252 :s
Sure $49 to $252 is a great return, but for those poor bastards that bought in the 400's lol... damn I should have taken a short position yesterday 
Edit: Side note, my http://www.shiftplanning.com/ PP investment return over the last two years is 600% on paper, and my AMRN avg. is now around 4$/share, the beating in share price may have been a blessing or a curse, should find out in the next day or two :s. If AMRN pops I will be removing that money from the equity markets and dumping as much as possible into that PP as we head into the next round of raising capital. Diversity is so over rated :s
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life |
Last edited by jasonturbo; 01-14-2014 at 11:11 AM.
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01-14-2014, 02:36 PM
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#8900 | | Rs has made me the man i am today!
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^ Just wanted to pop in and say good luck with AMRN tonight/tomorrow.
Couldn't stomach a ride on the roller coaster a second time around.
Took a small position in KNDI @ $13.27. Chinese electric car manufacturer offering the vehicles in a Zipcar like format (using a vending machine!): Forbes Article on Kandi
With the level of pollution in China, I think this could be an interesting play. Has had a bit of a run up but it seems to be consolidating at 12-14.
Earnings are Feb 14 and December sales indicated a record month. May be worth a short-term play.
Kev
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