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Old 03-18-2009, 01:49 PM   #1651
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I'm new to investing. I've taken a finance course and have read a couple books but have yet to make my first trade. I'm about to set up a Scotia itrade account, is this a good one to use? My initial plan is to hold for a longer term, as I gain experience, I'll make more trades. I plan on starting with about $5000 that I would like to hold for a term of 3-4 years.

I was thinking about putting some of it in LVS, would this be a decent stock to hold for a few years? Others I am considering are SIRI and possibly GM but both seem pretty risky risky. I'm fine with with losing the money but I'd rather it amount to something so I have more funds available for when I learn more. Is there any stocks that you recommend I look into? What are good books to read? Any info you can provide me with is much appreciated.

I have some shares in LVS and i really believe in a year or 2, the stock will take off...do your own DD..and ask yourself do you think las vegas will become a desert again. Thats the question i ask myself when i see 20% swings in the stock, quite volatile when u look at it everyday.
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Old 03-18-2009, 02:02 PM   #1652
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nice G and ABX, nice

good boi.
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Old 03-18-2009, 02:46 PM   #1653
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^^^
what's $0.25
25 cents.

Berz out.
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Old 03-18-2009, 08:29 PM   #1654
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nice G and ABX, nice

good boi.
CHRIST! ABX took off after 11:00am pst for a 10% gain and didn't stop till it blasted all 5 levels pivot resistance! I wonder what kind of news was released...

I should've cut my losses in C for the day and jumped ship. Its a good thing I was also in FAS for a nice 25% gain

Loving FAS again! In fact, I'm still holding!
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Old 03-18-2009, 09:28 PM   #1655
WOAH! i think Vtec just kicked in!
 
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wow

this shit is crazy. FAS and FAZ = casino
yea except if you are in the FAZ camp you pretty much just got robbed. i see FAZ can drop even further just because the sentiment right now.
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Old 03-18-2009, 10:55 PM   #1656
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whoever loaded up 2 weeks ago must be fucking jumping up and down.
i was too pussy
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Old 03-19-2009, 01:32 AM   #1657
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whoever loaded up 2 weeks ago must be fucking jumping up and down.
i was too pussy
We're in the same boat. I looked at the market on its lowest day and thought "today", but couldn't put my money where my mouth is.
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Old 03-19-2009, 09:50 AM   #1658
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look at Citigroup chart today...lots of profit taking.
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Old 03-19-2009, 08:07 PM   #1659
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you guys think its going to go down again? not just Citigroup but a couple other banks like BAC have doubled int eh last two weeks.. or is it a good time to buy in?
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Old 03-19-2009, 10:02 PM   #1660
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you guys think its going to go down again? not just Citigroup but a couple other banks like BAC have doubled int eh last two weeks.. or is it a good time to buy in?
Well, I'm not the person to rely on for this advice, so don't let this hold too much weight. But everything I'm reading does not support a bull market. Personally, I'm holding out for prices that are lower than current.
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Old 03-20-2009, 12:38 AM   #1661
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I am loading up FAZ and SKF..
Look for a strong pullback very shorty. . . . the US market doesn't look good after that $1 trillion dollar news.
Say bye bye to US dollars.
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Old 03-20-2009, 12:30 PM   #1662
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april will be the month to watch out for.
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Old 03-20-2009, 01:01 PM   #1663
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april will be the month to watch out for.
How so?
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Old 03-20-2009, 01:13 PM   #1664
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1st quarter earnings are coming up and I feel the banks fudge some numbers...just my gut feeling. We might just see a bulls market if the banks see some decent earnings.

my 2cents.

just checked..citigroup ended in the green. wow.
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Old 03-20-2009, 01:20 PM   #1665
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^doesnt matter if the banks are positive now, after the 90% bonus tax yesterday.

The outlook for them is bleek, as any decent financial company employees with household earning >250,000 will be taxed to death, I wont be surprised if they all move to China now lol.

Personally I would have load up FAZ, but I dont have the time to watch it so I am only holding G and ABX. on the TSX as a longer term play right now.
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Old 03-21-2009, 08:58 PM   #1666
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any prediction for Monday? looks like it's gonna be a turning point for the market
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Old 03-22-2009, 02:33 AM   #1667
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fuck
i am still holding onto FAS

looks like its going down to 2.00 again
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Old 03-22-2009, 08:00 PM   #1668
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fas is probably gonna go up tmrw, not down
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Old 03-22-2009, 10:29 PM   #1669
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not trying to bash you jackwimmer, but what are you basing your statements on.
I hope you aren't basing it on Geithner's plan to receive money from private investors. I'm sure they'll be excited knowing what happened to the AIG bonuses can happen to them.
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Old 03-22-2009, 10:58 PM   #1670
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well the futures are all up and asian market rallied on the news
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Old 03-23-2009, 07:32 AM   #1671
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Good Morning...=D
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Old 03-23-2009, 09:15 AM   #1672
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jackwimmers guess is as good as anyone, even if he isnt basing his statement on anything because the financials seems like a gamble...

FAZ down so much in one day
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Old 03-23-2009, 09:42 AM   #1673
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i simply let trdood know it wasn't gonna be down today
i based it on geithner's plan and how the asian markets reacted to it, considering they are delayed one day compared to the N.A. markets, they were actually up(when we were down last trading day)

is the run were having today gonna hold? well thats a question i cant answer lol
but i believe housing resales are up today in the states so thats somewhat good news

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Old 03-23-2009, 12:06 PM   #1674
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is it a good time to buy faz now
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Old 03-23-2009, 01:20 PM   #1675
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is it a good time to buy faz now
never chase a falling knife. Market will probably continue to rally even though the geitner plan is a pile of shit.
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