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. |
 | | 
07-03-2008, 10:48 PM
|
#976 | | 14 dolla balla aint got nothing on me!
Join Date: Jan 2003 Location: Vancouver
Posts: 635
Thanked 3 Times in 3 Posts
Failed 0 Times in 0 Posts
|
wow..what happen to Nvidia....drops like crazy
is it a good point to enter around $12
| 
|  | |
07-03-2008, 10:51 PM
|
#977 | | SFICC-05*
Join Date: Mar 2002
Posts: 7,135
Thanked 545 Times in 127 Posts
Failed 107 Times in 33 Posts
|
I'm getting hit hard. I'm going to start shorting automotive/financials like McDick's.
__________________ Quote:
Originally Posted by Hyde  nammer don't listen to me, they listen to money. do you know how cheap it is to have someone killed in vancouver? let alone a beat down | | |
| | |
07-03-2008, 11:19 PM
|
#978 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
| Quote:
Originally Posted by 604_Snooze wow..what happen to Nvidia....drops like crazy
is it a good point to enter around $12 | If you dont know what happened, don't enter
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
Last edited by wouwou; 07-03-2008 at 11:20 PM.
Reason: chun: wait till next week and see what happens. The time has come and gone for shorting auto/fin, expect a pull back
| |
| | |
07-03-2008, 11:47 PM
|
#979 | | Blood tests positive for LOL mod
Join Date: May 2002 Location: World
Posts: 12,999
Thanked 1,263 Times in 325 Posts
Failed 83 Times in 18 Posts
| Quote:
Originally Posted by 604_Snooze wow..what happen to Nvidia....drops like crazy
is it a good point to enter around $12 | I wouldn't say it was from a bad market drop, more like something is shaking. Read up before you invest
| |
| | |
07-03-2008, 11:55 PM
|
#980 | | Tech Mod
Join Date: Nov 2001 Location: Surrey
Posts: 2,160
Thanked 5 Times in 4 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by Mananetwork I wouldn't say it was from a bad market drop, more like something is shaking. Read up before you invest | just a stab at it...poor revenue forecast?
a somewhat good resource -> link
__________________
2000 Acura 1.6 EL (showcar) :: retired
2003.5 BMW M3 :: sold | |
| | |
07-04-2008, 12:03 AM
|
#981 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
|
anyone in on any local/alberta oil? up and comers?
__________________
Dank memes cant melt steel beams
| |
| | |
07-04-2008, 12:45 AM
|
#982 | | 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
| Quote:
Originally Posted by chun I'm getting hit hard. I'm going to start shorting automotive/financials like McDick's. | Don't forget airlines
| |
| | |
07-04-2008, 06:45 AM
|
#983 | | I answer every Emotion with an emoticon
Join Date: May 2002 Location: pc
Posts: 7,554
Thanked 4 Times in 4 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by Hondaracer anyone in on any local/alberta oil? up and comers? | Cancen Oil in Alberta is currently not publicly traded.. but FRGY just released an 8-K.. they are gonna buy Cancen and all of it's assets. They are just in the final stages of the agreement which people believe should be finalized by the end of the month (end of quarter as well).
FRGY (Frontier Energy Corp). http://biz.yahoo.com/iw/080627/0411500.html
Last edited by bossxx; 07-04-2008 at 06:59 AM.
| |
| | |
07-04-2008, 08:39 AM
|
#984 | | Banned (ABWS)
Join Date: Feb 2006 Location: vancity
Posts: 425
Thanked 4 Times in 1 Post
Failed 0 Times in 0 Posts
|
Wow redline you certainly have gotten alot better at TA... good job calling the reversal on the penny stock earlier 
Kinross made a nice gain from $21 and it's a good point to get in especially at half the price of GG and other major gold producers. I mentioned Yamana before as well - gold's recovery into the mid 900's certainly tells us it'll be here for awhile.
UBS one of the most respected research ibanks posted news re: gold prices all the way through 2010 ...ballsy move. http://network.nationalpost.com/np/b...ld-stocks.aspx Quote: |
The Swiss financial services firm now expects gold will average US$895, US$800 and US$730 per ounce in 2008, 2009 and 2010, up from US$850, US$750 and US$720, respectively. Its palladium forecasts climb 24% to US$460, 96% to US$550 and 81% to US$625 per ounce for those years.
| TNR Gold Corp (TNR.v) - one I mentioned earlier is now at $0.285, up from $0.22-23 earlier when I picked it up. It has solid backings from longterm investors (check insider buying) and seems to make a run to 0.40+ around October-Jan every year (at least last 3-4 years). Not a 200% one day gain like redline up there but also not Pink Sheets At least they need to announce a PP when diluting shares...! Do your DD of course still.
Not sure if anyone saw the GoldSource GXS run (IIRC was 0.50 to $18?) - but coal and potash in Sask seems to be the play of the month (or was). Would be intersting in about a month when coal permits are starting to be issued... everyone around that area was applying for coal permits and jumping up 40% over one day.
Crazy market...happy 4th of July folks.
| |
| | |
07-04-2008, 01:32 PM
|
#985 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
|
has anyone ever looked into Vivendi? [VIV]
they have quite a few holdings including Blizzard and Sierra game companies since the release of World of Warcraft the charts have been pretty good as well as the numbers but lately it's been falling
__________________
Dank memes cant melt steel beams
| |
| | |
07-06-2008, 01:42 PM
|
#986 | | I answer every Emotion with an emoticon
Join Date: May 2002 Location: pc
Posts: 7,554
Thanked 4 Times in 4 Posts
Failed 0 Times in 0 Posts
|
========================
How I Made 2,000,000 in the Stock Market - Nicolas Darvas
Trading Lessons From Nicolas Darvas:
1. There are no good or bad stocks. There are only stocks that rise in price and stocks that decline in price, and that price is based on the laws of supply and demand in the marketplace
2. “You can never go broke taking a profit” is bad advice that will result in overtrading and cutting winners short. Selling winners and holding losers is to be avoided at all times
3. There is a “follow-the-leader” style in the market. You will find success by selecting the most active and strongest industry group and trading its top leader
4. The combination of price and increased volume is key to stock selection. Focus your time on new leaders emerging with a new market cycle
5. It is the anticipation of growth rather than the growth itself that leads to great profits in growth stocks. “You have to find out what the public wants and go along with it. You can’t fight the tape, or the public.”
6. One of the quickest ways to lose money in the market is to listen to others and all of their so-called expert opinions. To succeed, you must ignore all outside opinions and predictions. Follow your own strategy!
7. Losses are tuition on Wall Street. Learn from them.
8. You should expect to be wrong half of the time. Your goal is to lose as little as possible when you are. “I have no ego in the stock market. If I make a mistake I admit it immediately and get out fast. If you could play roulette with the assurance that whenever you bet $100 you could get out for $98 if you lost your bet, wouldn’t you call that good odds?”
9. Most of your big failures will come from three things: 1) when you abandon your rules, 2) you become overconfident, and 3) trade in despair when unsuccessful
10. The best speculators search only for the very best opportunities. To be truly successful, you must wait for the right opportunities to present themselves and this often means doing nothing for long periods of time {BE PATIENT}
11. The market behaves the way it does due to participants behaving the way they do. No one knows what they will do until they actually do it
12. Long-term investors are the real gamblers in the market due to their eternal hope that losing stocks will come back in price
13. It is difficult to be profitable on the short side of the market versus the long side - trading in rising or bull markets will give you the best chance for success
Most, if not all stocks, will follow the general trend of the market
14. To train your emotions, write down the reasons for making every trade. When you lose, write down what you thought contributed to the loss. Then study and set new rules to avoid making those same mistakes
15. Concentrate your trades. At the peak of his success, Darvas would hold only 5 to 8 stocks at one time which was in contrast to his earlier days when he was overtrading and would hold up to 30 stocks at a time
16. Avoid fallen leaders. Overhead resistance will keep upside potential limited due to supply from previous buyers who had not cut short their losses.
17. According to Darvas, the only sound reason for a stock is one that is rising in price. If that is not happening, then there is “no other reason worth considering.”
17 .Darvas used his “box theory” to trade using boxes to time his entries (on breaking out to a new higher box) and exits (breaking below the current trading box).
18. For new trades, Darvas used “pilot buys” which basically were starter positions in stocks he liked. Only if the stock continued to move higher would he then pyramid and increase his position. He learned never to buy more of a losing position
19. He thought many unsuccessful investors made the mistake of looking at the same familiar names that might have worked well for them in the past instead of focusing on the next stock with the right elements for the new market cycle. “I am only in infant industries where earnings could double or triple. The biggest factor in stock prices is the lure of future earnings. The dream of the future is what excites people, not the reality.”
20. Perfection has no role in successful trading. No one can buy at the absolute lowest price and sell at the highest price. No time or effort should be devoted to that goal. “I never bought a stock at the low or sold one at the high in my life. I am satisfied to be along for most of the ride.”
21. Trade only when the environment is in your favor. Darvas’ strategy kept him out of poor and bear markets because he wouldn’t trade stocks that didn’t fit his requirements which were only found in raging bull markets
22. Be aggressive when warranted. Darvas believed in making aggressive trades when his system pointed to a great trade. In fact, sometimes 50% of his capital was devoted to just one stock
23. While his trading approach was very technical, after studying the market’s winners he understood the relevance of finding stocks also with good fundamentals. Namely, Darvas thought that earnings and the future estimate of increased earnings were very important
Last edited by bossxx; 07-06-2008 at 01:49 PM.
| |
| | |
07-09-2008, 08:34 AM
|
#987 | | Not a mod
Join Date: Mar 2007 Location: Surrey
Posts: 1,314
Thanked 476 Times in 122 Posts
Failed 102 Times in 14 Posts
|
LPS.to
I bought into this stock yesterday and it is taking off. Its a burnaby based company which has a product which helps conserve electricity. http://www.legendpower.com/ | |
| | |
07-09-2008, 08:59 AM
|
#988 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
^
You meant Legend, who 2 days ago jumped 40%?
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
07-09-2008, 09:09 AM
|
#989 | | No Duplicate Accounts
Join Date: Jul 2008 Location: DT
Posts: 78
Thanked 0 Times in 0 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by redliine ========================
How I Made 2,000,000 in the Stock Market - Nicolas Darvas
13. It is difficult to be profitable on the short side of the market versus the long side - trading in rising or bull markets will give you the best chance for success | I have to say that's a tad incorrect esp in the arguable current predictable downward spiral.
Ben make speech / rate cuts - stock goes up
Oil goes up - stock goes down - gold is up as people fled from fiat
| |
| | |
07-09-2008, 09:39 AM
|
#990 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
| Quote:
Originally Posted by Rev* I have to say that's a tad incorrect esp in the arguable current predictable downward spiral.
Ben make speech / rate cuts - stock goes up
Oil goes up - stock goes down - gold is up as people fled from fiat | it should be like this:
Ben makes "unexpected" speech / rate cuts - stock goes up/down
Oil goes up "more than expected" - stock goes down - gold is up as people fled from fiat
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
07-10-2008, 03:28 PM
|
#991 | | SFICC-05*
Join Date: Mar 2002
Posts: 7,135
Thanked 545 Times in 127 Posts
Failed 107 Times in 33 Posts
|
__________________ Quote:
Originally Posted by Hyde nammer don't listen to me, they listen to money. do you know how cheap it is to have someone killed in vancouver? let alone a beat down | | |
| | |
07-10-2008, 04:01 PM
|
#992 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
| Quote:
Originally Posted by chun | It would be a really good news,
if the oil price goes down. Oil price is really killing the smaller size "gold diggers"
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
07-11-2008, 05:51 PM
|
#993 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
|
hey whats a good brokerage to use to buy like 1-3 stocks im looking to hold fairly long-term?
__________________
Dank memes cant melt steel beams
| |
| | |
07-11-2008, 07:34 PM
|
#994 | | Where's my RS Christmas Lobster?!
Join Date: Apr 2006 Location: Richmond
Posts: 862
Thanked 1 Time in 1 Post
Failed 0 Times in 0 Posts
|
I'm "Lov'in" US market... omg... counting money on shorting FHM, FRE, AMD... I covered all of them in the morning before going to work (6:45am)!
I suspect Fed will save FANNIE MAE and FREDDIE MAC just like what they did to Bear Stern. Lots of potential to go down even MORE! But then, I have to locked in massive profit (30+%).
Looking to short GM, F, C real soon. Waiting for entry point to short. I am not fighting the market... cause US is not going to recover anytime soon.
Gold is slowly creeping to $1000. I love it when CNBC doesn't mention gold as much as oil.
Love it!
| |
| | |
07-14-2008, 08:24 AM
|
#995 | | I STILL don't get it
Join Date: May 2001 Location: van
Posts: 496
Thanked 23 Times in 6 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by McDick I'm "Lov'in" US market... omg... counting money on shorting FHM, FRE, AMD... I covered all of them in the morning before going to work (6:45am)!
I suspect Fed will save FANNIE MAE and FREDDIE MAC just like what they did to Bear Stern. Lots of potential to go down even MORE! But then, I have to locked in massive profit (30+%).
Looking to short GM, F, C real soon. Waiting for entry point to short. I am not fighting the market... cause US is not going to recover anytime soon.
Gold is slowly creeping to $1000. I love it when CNBC doesn't mention gold as much as oil.
Love it! | http://www.youtube.com/watch?v=-9-R9...eature=related
ahahahahha open up your wallets americans you are all owners of subprime mortgages now. they basically are nationalizing freddie and fannie that is sad...america criticizes hugo chavez for nationalizing oil fields; at least they make money.
gold is going to make a fucking moon shot ahhaha
we should all invest in paper, printing presses and helicopters
__________________
asdf
| |
| | |
07-14-2008, 03:19 PM
|
#996 | | Blood tests positive for LOL mod
Join Date: May 2002 Location: World
Posts: 12,999
Thanked 1,263 Times in 325 Posts
Failed 83 Times in 18 Posts
|
Etrade has been doing horrible on the market until closing today when news was announced of Scotiabank acquiring E-Trade Canada for $442M
UP 7% after market
| |
| | |
07-15-2008, 07:14 AM
|
#997 | | Blood tests positive for LOL mod
Join Date: May 2002 Location: World
Posts: 12,999
Thanked 1,263 Times in 325 Posts
Failed 83 Times in 18 Posts
|
Ouch, both my stocks took a huge hit today. I'd like to thank Bush for this
| |
| | |
07-15-2008, 08:49 AM
|
#998 | | I STILL don't get it
Join Date: May 2001 Location: van
Posts: 496
Thanked 23 Times in 6 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by Mananetwork Ouch, both my stocks took a huge hit today. I'd like to thank Bush for this | pretty much all across the board. took profits on some gold miners albeit at lower prices than yesterday. starting to see some systemic risk out there in stockmarket world. there might be a bank run in america; there was a rumor yesterday it was going on at Washington mutual which forced them to issues a PR saying deposits are safe.i dunno this market is getting way too wacky
__________________
asdf
| |
| | |
07-15-2008, 08:59 AM
|
#999 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
I was tempted to short GG yesterday but didnt, and although I could've made a lot, I feel I made the right decision.
This market is way to wacky by now. ANYTHING can happen. I just closed my ultrashort position with a profit and am gonna stay out of it for a few days before all the dusts settle.
Word of advice, if you still hold any financial stocks, might not be too late to add a put option with it if you choose not to get out now.
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
07-15-2008, 10:58 AM
|
#1000 | | Where's my RS Christmas Lobster?!
Join Date: Apr 2006 Location: Richmond
Posts: 862
Thanked 1 Time in 1 Post
Failed 0 Times in 0 Posts
|
I sold GG entirely today near the opening at $52/share and bought lots of MA (Mastercard) shares at around $245.
Also, I have covered all my short position, GM, FRE, FNM, WM, DAL, LVS.
I basically have cash in all my stocks and sitting on the sideline to see what will happen next.
Basically all financial/mortgage stocks are considered 'oversold' at this moment.
Any 'positive' news from any financial/mortgage stocks can send the whole sector and stock market up few hundreds points.
So, I am booking my profit for now. Can't be right cash-ing in my profits.
I am waiting gold for a minor correction before going up to $1000. Watching closely at ABX and GG at this moment.
Gold and GG went up too much too quickly.
Last edited by McDick; 07-15-2008 at 11:00 AM.
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 07:42 AM.
|
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!
