Official STOCK MARKET Thread @@@!!!

literation

Gotta beat this horse some more, what's the floor on RIM do you think?

JimmyHo

literation;287821 wroteGotta beat this horse some more, what's the floor on RIM do you think?

Honestly, its not looking too good. Its really a victim of the overall market right now. Eventually those irrate shareholders are going to want blood. I would wait for some positive news to get it moving in the other direction. I prefer Apple right now, with the holiday season here.

JimmyHo

was stopped out on my TD today at $72. Had a decent run back in the last couple days so time to take a small gain. Bought some YHOO on the takeover speculations.

literation

pokerJAH;287828 wroteHonestly, its not looking too good. Its really a victim of the overall market right now. Eventually those irrate shareholders are going to want blood. I would wait for some positive news to get it moving in the other direction. I prefer Apple right now, with the holiday season here.

RIM was down close to 13 today.

JimmyHo

literation;290648 wroteRIM was down close to 13 today.

bought some RIM $17.50 Dec. puts on Weds for $2.59. Closed them today for $4.25. Wish I bought more. Everything pointed to RIM disappointing with their results yesterday, although it may be a buying opportunity at some point. AAPL is starting to look attractive again. Like it in the $370-$375 range.

Still holding on to my YHOO for now. If it trades below $14.50, I will get rid of them.

GTA Poker

Looks like a good time to buy gold and sliver if you will hold it for a year or more.

SuperNed

GTA Poker;290658 wroteLooks like a good time to buy gold and sliver if you will hold it for a year or more.

I would go with the gold and silver companies before the actual metals themselves. Actually I'd go with gold companies before silver companies, but silver as a metal before gold.
Say gold for example does go to $2200+ an ounce....you make about 35% buying the metal today. IF gold did that, silver would probably make you about 60%-100%, and many of the intemediate gold companies that haven't benefitted from gold's rise last year and have actually been just HAMMERED lately could easily get you 100% plus.
Or, gold could drop to $1000 an ounce....then every idea is screwed....not sure why....many gold companies were as high or higher than they are today when gold was at $800 an ounce :bs:

literation

bump

No grave dancing but think surprise is a strong word though:

RIM’s Shares Plunge After Company Reports Surprise Loss

RIM

GTA Poker

another good time to buy silver/gold

JimmyHo

pokerJAH;290649 wrotebought some RIM $17.50 Dec. puts on Weds for $2.59. Closed them today for $4.25. Wish I bought more. Everything pointed to RIM disappointing with their results yesterday, although it may be a buying opportunity at some point. AAPL is starting to look attractive again. Like it in the $370-$375 range.

Wish i never sold those apple shares!

literation

pokerJAH;318774 wroteWish i never sold those apple shares!

Yes looking back this right here is one of the most humbling threads on the forum.

JimmyHo

the only thing I like these days is 'VXX'.

SuperNed

Not that I really like the market right now...but if I were a betting man I'd put some fun money into BEV on the TSX. Almost have the share price in cash and it's probably going to get 'interesting' over the next six months. I've traded it for years....and hold a sizeable position now. Currently trading in the $1.65 area.

literation

GTA Poker;285185 wroteI actually buy physical silver (PM = precious metals).

golddealer.ca

GTA Poker;285187 wrote<snip> Free shipping from that site with orders over $2k beats anything you can get from the US.

That answers a question I have about this site. Looking into them today.

literation

literation;284996 wroteHere's one that should have volatility, FIO. Wozniak (the other Steve) is part of it.

Popped 27% !

trigs

investment noob here, but i was thinking about buying into some stocks just to kind of fool around and get my feet wet. any stock tips/suggestions? any inside info? what are you investing in right now?

compuease

Electrical stock, that's what this forum knows most about..

trigs

compuease;357858 wroteElectrical stock, that's what this forum knows most about..

hey comp, do you purchase using an online broker? i used to know a good site for stocks but i can't remember/find it. obviously i don't want to be spending a ton for a broker when i'm probably not spending a ton on stocks to start out.

trigs

just googled a bit and found that rbcdirectinvesting has practice accounts that are connected to the actual market. sounds pretty neat and will probably be good practice for a stock noob.

EDIT: bah, have to belong to their bank :(

moose

If you want to do it on a feet wet basis try canadian shareowner at shareowner.com It's geared towards those who want to invest <$1000 at a time.

Otherwise I would never buy less than $1000 of any stock or ETF and probably more like $3000-$5000. If you are not up for that, then try shareowner or stick to mutual funds.

Some more
For the DIY investor, which discount broker is best? - The Globe and Mail

A new winner: The Globe's 14th Annual Online Brokers Survey - The Globe and Mail

I personally have used shareowner.com but now I do my investing through TD Waterhouse and BMO Investorline.

If you want to pick your own stocks but are just starting out, I would stick to ETFs and apparently Virtual Brokers offers them commission free.

Check out couch potato investing to get you going.
Couch Potato Portfolio: Meet the potato family | MoneySense
The main company offering ETFs is ishares, though some banks have their own as well. Might as well go with the largest one. I own a lot of ishares ETFs.
iShares ETFs This site will give you the info, but you have to purchase them through a broker.

If you want to pick individual stocks try:
Best Canadian Dividend Stocks for 2012 | The Dividend Guy BlogThe Dividend Guy Blog
stingyinvestor

Also moneysense magazine will release it's annual dividend picks soon, so watch for the next issue this fall.

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