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A couple people I know are quite happy with Interactive Brokers. I'm in the process of opening an account with them right now. Commissions from some of the big shops are just too much for my student budget to handle. There's no need at all to be paying that much when some of the discount brokerages offer rates that are SIGNIFICANTLY cheaper.

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Originally posted by SniFFleS Anyone have any thoughts of certain sectors for the long term? Agriculture?

i invest in commodites and commodity producing stocks only and times forex.the farmers will be the ones driving the lamborghinis

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Originally posted by slingshot A couple people I know are quite happy with Interactive Brokers. I'm in the process of opening an account with them right now. Commissions from some of the big shops are just too much for my student budget to handle. There's no need at all to be paying that much when some of the discount brokerages offer rates that are SIGNIFICANTLY cheaper.

I expect the big shops will get you better trade execution than a smaller discount guy though. If you're moving in or out of big positions that can make a big difference.

Let's all buy tech stocks!



On margin! Zoidberg wanna buy on margin!

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Originally posted by Skipper If you're moving in or out of big positions that can make a big difference.

which I'm definately not, lol.....so hopefully it serves my purpose.

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Originally posted by Skipper I expect the big shops will get you better trade execution than a smaller discount guy though. If you're moving in or out of big positions that can make a big difference.

ib isnt a smaller dicount brokerage, its for a accredited traders. if you dont qualify i dont think they will let you open an account.

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Originally posted by Naruepol ib isnt a smaller dicount brokerage, its for a accredited traders. if you dont qualify i dont think they will let you open an account.

I was speaking in general about discount brokerages.

Buy what the insiders are buying. And short what they are selling.
http://www.insider-monitor.com/

is that site even legal?

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Originally posted by Skipper What boards?

I'm guessing he means the Google discussion boards. I like to check results on Google, which shows the last two or three discussions on the side, and I always notice these immature and ridiculous comments, probably from people who aren't even old enough to be trading with their own money.

One day I actually read some of the threads there and came to the conclusion that one could actually make a pretty lucrative business doing the exact opposite of what the majority of those kiddies say. They always seem to be the last people to clue into a trend and panic when they're on the wrong side of it. By the time they post their sage advice, the trend has almost reversed.

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Originally posted by Skipper I expect the big shops will get you better trade execution than a smaller discount guy though. If you're moving in or out of big positions that can make a big difference.

It's true. My trades with TD have been almost instant. The two or three stops I've seen triggered have always been executed at the exact stop price.



So anyway, I decided to stick with TD for now for convenience and speed... it took several days but I've more or less got everything worked out. Only thing I hate is that there doesn't seem to be any way to set trailing stops. And they screwed me again on Thursday... as soon as I saw AF bottom out at 6.95 I wanted to dump a bunch of money into it, their app wouldn't let me, said it had to be reviewed by a rep or something and it was already near the end of the day. Lo and behold, by the end of Friday, it's already back up by almost $1, could have sold for the easiest 10% profit ever. Sigh.

Those of you using Qtrade/Questrade/Scotia, do their apps let you put in trailing stops? And have you ever had a weird issue like this when trying to make any one specific trade?

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Originally posted by ExtremeWays Let's all buy tech stocks!

Sirius has been good to me so far. Palm has been doing oddly well, although I've been too scared to actually put money in. Sun shot up 50% several days ago and hasn't shown any signs of decline despite ludicrously high trade volumes. Tech stocks are great, just don't hold onto them too long.

I think something big is going to happen with Palm right around the Pre launch date. The question is, in which direction...

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Originally posted by DigiNut Those of you using Qtrade/Questrade/Scotia, do their apps let you put in trailing stops?

Questrade has market, limit, stop, stop limit and trailing stop orders.

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Originally posted by Nrg2Nfinit is that site even legal?

Insider transactions are publicly disclosed. You can search by company on www.sedi.ca .

intresting.. IT makes sense actually.. why wouldnt they be

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Originally posted by Nrg2Nfinit intresting.. IT makes sense actually.. why wouldnt they be

huh?

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Originally posted by Nrg2Nfinit intresting.. IT makes sense actually.. why wouldnt they be

Of course. All insiders have to report trades to the SEC/OSC. The question is, how useful is that information, truly, to an outsider? CEOs and CFOs can't actually predict or cause major market moves. They may know if they're about to release a rosy balance sheet, but look what happened with Citigroup; they announce that they're doing great, and you can practically hear the crickets chirping.

Insider followers love to tout their successes but neglect to mention their failures. Same with most traders. Personally, I think the whole insider trading hubbub is overblown. The people who matter are the ones in the pits, and the larger speculators.

I wouldn't base my entire portfolio simply on stocks with high levels of insider ownership, but executive level insiders that are growing or shrinking their holdings can be quite relevant.

Mosaic theory ftw

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Originally posted by Skipper I wouldn't base my entire portfolio simply on stocks with high levels of insider ownership, but executive level insiders that are growing or shrinking their holdings can be quite relevant. Mosaic theory ftw

Ahhhhh, it's still a crap shoot really. See Jeff Immelt, Michael Dell, Aubrey McClendon for the other side of the pie. A lot of CEO's also think their companies deserve to be trading at much higher multiples than the market dictates.

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Originally posted by slingshot Ahhhhh, it's still a crap shoot really. See Jeff Immelt, Michael Dell, Aubrey McClendon for the other side of the pie. A lot of CEO's also think their companies deserve to be trading at much higher multiples than the market dictates.

Immelt GE's been my worst investment so far, and I thought it was a no-brainer. I'm giving those clowns one more week to prove that they can do something other than suck.

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Originally posted by slingshot Ahhhhh, it's still a crap shoot really.

The whole market is a crapshoot these days, yes I agree with that!

I've been using Questrade for a while now. I didn't know you could do trailing stops? Is that not a function of webtrader? I can't seem to find it...

Questrade does not offer stop loss option for stocks traded on the TSX

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Originally posted by DigiNut [FONT=Tahoma][COLOR=#99CCEE] look what happened with Citigroup; they announce that they're doing great, and you can practically hear the crickets chirping.

I'm sure that citigroup having government bailouts has something to do with that.

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Originally posted by Nrg2Nfinit I'm sure that citigroup having government bailouts has something to do with that.

Sure, no argument. After people dug into WFC and found out how they cooked the books, traders had already factored "record profits" into the prices for JPM and C. But the point is, insiders are just people and they're as susceptible as any other people to trading on blind hope or paranoia, so unless they are in possession of truly shocking information, it may not mean much that they're buying, selling, whatever.

Skipper's right of course - dramatic moves on the inside can be relevant information - but there are people who think it's a great idea to just trade whatever the insiders are trading, and even in my limited experience I know that's a recipe for disaster.

So, off that topic: why the hell are coal traders worried about swine flu, and how the hell did GM manage to claw its way back to $2 on such a brutal day?

GM went up because they decided to cut out pointiac and those massive layoffs to reduce cost of revenue and expenses.
This makes the company, A more profitable and B, geared towards higher earnings.



on another note check out novavax

http://www.google.com/finance?q=NASDAQ%3ANVAX

they're geared towards having a vaccine for this swine flu. Their stocks opened today at near 4 dollars from 1.

i wouldnt worry about the coal.. markets were just generally down today

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