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05-22-2009, 12:51 PM
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#1851 | | Need my Daily Fix of RS
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Originally Posted by wouwou  ^by GM stock, you really mean GM options.
it is pure gambling with GM, and anything can happen with it. I myself thought about getting a couple hundred of GM just for kicks too | hmm, sorry, i am quite new to stock trading etc.
why here you said option instead of the actually stock?
i did some search on difference between stock and stock option....
why you buying option here? it seems more risky?
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05-22-2009, 02:09 PM
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#1852 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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^By that I meant GM's stock is so cheap right now, buying a hundred shares of them is the same as buying an option on GM, since most option are for 100 of shares of a stock.
and the risk/return potential is similar too, it can go to 0 or go up 20-30% in a day/week.
__________________ 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.
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05-23-2009, 04:20 PM
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#1853 | | Unauthourized Spammer
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It all depends of if you're playing speculative bets or actual proper trades.
If you have some money to lose then dump it in there.
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05-26-2009, 08:13 PM
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#1854 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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hopefully no1 was holding too much short positions coming in to the week. looks like faz will never break 6 again and market is just on fire there is no word describing it lol.
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05-27-2009, 02:00 AM
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#1855 | | I don't get it
Join Date: Mar 2003 Location: vancouver
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manipulation anyone? we'll see whether the market hold onto their gains or de ja vu again where we see all red days to friday close.
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05-27-2009, 06:12 AM
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#1856 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Can someone explain what FAS and FAZ is to me? I still don't quite understand what it is.. or the difference between them
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05-27-2009, 08:42 AM
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#1857 | | Unauthourized Spammer
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05-27-2009, 01:08 PM
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#1858 | | Need my Daily Fix of RS
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guys, been watching GM stock for couple days, it dropped from as high as $ 2.3 a share back to $1.16 a share in just 3 to 4 days. my buddy bought a fairly large amount at 1.9 something.
So all the information so far is that GM is very likely to declare bankcrupt (or bankcrupt protection in a few days). Since i am a newbie to stock trading, what kinda impact should be expected for this ? Falling stock price?
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05-27-2009, 01:24 PM
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#1859 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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^What else do you expect to happen to GM's share under Chapter 11? 
I am currently a pround owner of 15 shares of ABX.to, nothing else. Got out last Friday.
I am gonna buy some USD 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.
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05-27-2009, 01:34 PM
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#1860 | | Need my Daily Fix of RS
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Originally Posted by wouwou ^What else do you expect to happen to GM's share under Chapter 11?
I am currently a pround owner of 15 shares of ABX.to, nothing else. Got out last Friday.
I am gonna buy some USD now |
why it is good time to buy USD? some info pls
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05-27-2009, 01:42 PM
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#1861 | | I don't get it
Join Date: Mar 2003 Location: vancouver
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Originally Posted by kobefans guys, been watching GM stock for couple days, it dropped from as high as $ 2.3 a share back to $1.16 a share in just 3 to 4 days. my buddy bought a fairly large amount at 1.9 something. | if gm doesnt file for bankruptcy and gets out of this one, your friend will most likely get his money back and maybe more. if it files that chapter 11, the stock will be worth pennies..as it stands, the price of gm is in the middle of that $1.90 entry point and the pennies.
to assess this, do your friend believe theres more than 50% chance of not filing for chapter 11? baccarat is close to 50/50 in the casino so maybe thats a better choice. good luck as i think time is running out for your friend.
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05-27-2009, 02:04 PM
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#1862 | | Need my Daily Fix of RS
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Originally Posted by 1.7El_guy if gm doesnt file for bankruptcy and gets out of this one, your friend will most likely get his money back and maybe more. if it files that chapter 11, the stock will be worth pennies..as it stands, the price of gm is in the middle of that $1.90 entry point and the pennies.
to assess this, do your friend believe theres more than 50% chance of not filing for chapter 11? baccarat is close to 50/50 in the casino so maybe thats a better choice. good luck as i think time is running out for your friend. | oh well, its not entirely 50/50. cuz the time he bought the shares are GM just closed a deal with UAW and offering bondholder shares in exchange of debt, which was good signs that GM can still keep up. ......
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05-27-2009, 03:59 PM
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#1863 | | Unauthourized Spammer
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Originally Posted by 1.7El_guy if gm doesnt file for bankruptcy and gets out of this one, your friend will most likely get his money back and maybe more. if it files that chapter 11, the stock will be worth pennies..as it stands, the price of gm is in the middle of that $1.90 entry point and the pennies.
to assess this, do your friend believe theres more than 50% chance of not filing for chapter 11? baccarat is close to 50/50 in the casino so maybe thats a better choice. good luck as i think time is running out for your friend. | Unless someone has insider information (which is obviously not the case here) this kind of stock trading is like gambling only worse. These are the same people who argue with me that trading stocks is the same as gambling. If you make trades like that you are leaving most of it to chance.
I would rather go to the casino since you can double your money in a few minutes. The stock market takes much longer | |
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05-28-2009, 06:34 AM
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#1864 | | SiRVs up, dude
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good time to sell GM...
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05-28-2009, 09:28 AM
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#1865 | | OMGWTFBBQ is a common word I say everyday
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Originally Posted by kobefans why it is good time to buy USD? some info pls | Well because I believe CAD is over valued against USD right now.
.9 is the target I set to buy USD with CAD
__________________ 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.
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05-28-2009, 05:29 PM
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#1866 | | HELP ME PLS!!!
Join Date: Jan 2002 Location: Vancouver
Posts: 5,560
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sooooo did not expectto see it this low. TD is giving me 1.1x per usd. kinda makes me not wanna change any!
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~goodnight fat sig.
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05-28-2009, 08:42 PM
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#1867 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
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today's rate: 1.11 something isn't it?
i'm still waiting. seems like commodities are rebounding like a mofo
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05-29-2009, 12:49 PM
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#1868 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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GM's last day on the DOW
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05-30-2009, 11:17 AM
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#1869 | | I STILL don't get it
Join Date: May 2001 Location: van
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why are ppl on this board buying gm shares. that thing is worth nothing. will go to zero
__________________
asdf
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05-31-2009, 11:52 AM
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#1870 | | Banned (ABWS)
Join Date: Nov 2005 Location: Vancouver
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Gamblers..
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05-31-2009, 05:20 PM
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#1871 | | HELP ME PLS!!!
Join Date: Jan 2002 Location: Vancouver
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Originally Posted by TRDood today's rate: 1.11 something isn't it?
i'm still waiting. seems like commodities are rebounding like a mofo | 1.09 now...thinking about loading up again hahahah
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~goodnight fat sig.
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05-31-2009, 05:21 PM
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#1872 | | HELP ME PLS!!!
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Quote:
Originally Posted by willcls why are ppl on this board buying gm shares. that thing is worth nothing. will go to zero | cause it's gonna rebound back up to 30/share....really
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~goodnight fat sig.
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05-31-2009, 05:33 PM
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#1873 | | Banned (ABWS)
Join Date: Nov 2005 Location: Vancouver
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works for me even if the green back does deicide to keep free falling
since im in hk right now and 1usd will always be trading between 7.75 to 7.8 hkd
i will just change my cdn to usd tho if it starts getting close to par.
win win  Quote:
Originally Posted by unit for those of us invested in US stocks, the free falling exchange rate is killin us
im taking some of my money out and putting it into canadian stocks | | |
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05-31-2009, 05:48 PM
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#1874 | | Banned (ABWS)
Join Date: Nov 2005 Location: Vancouver
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btw keep buyin us securities...
when the dollar keeps falling there will be a lot of fresh capital injecting in the US market..
pop it goes..!!
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05-31-2009, 06:15 PM
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#1875 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Originally Posted by nipples cause it's gonna rebound back up to 30/share....really | true, when they start doing a 100-1 reverse split, that will happen 
__________________ 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.
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