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Any Day Traders on TA? (pg. 12)
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| Nrg2Nfinit |
I Still in RIM at 85.50 and losing as its 83 now. I also put in WTN (Western canadian coal). Analysts give it a target price of 2.51 for share. I got in at 1.25 earlier today and its sitting at 1.34 right now.
Its undervalued according to its p/e relative to other companies in its industry. Annuals last years were crap but the last 3 quarters have shown positive earnings and good revenue.
anyone have an opinion on this?
Coal prices KOL (ETF) are rising as well. this is also another good indicator. |
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| Nrg2Nfinit |
| quote: | Originally posted by spolitta
From what I understand the market is now pricing in a strong recovery by the end year and when that time comes and the recovery isn't there the market will sell off. Who knows what will happen until then? For the time being do not underestimate the massive money printing done by most central banks to fight the so called deflation. Look at the crude oil, inventories are in multiyear high, demand is not there and yet people are talking about oil at $75 a barrel. |
thats what happens when you have a cartel OPEC controlling the industry. They can dictate the price as they control the market. |
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| spolitta |
| quote: | Originally posted by Nrg2Nfinit
thats what happens when you have a cartel OPEC controlling the industry. They can dictate the price as they control the market. |
Would you please tell us how exactly OPEC dictates prices? |
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| Skipper |
| I thought OPEC only controls 40% of the world's oil supply? I should really follow it more closely, but from what I understand, the last couple of OPEC production cuts haven't had the desired effect on prices...there are too many other quickly moving parts in today's market I think. |
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| SniFFleS |
anyone know any good ETFs that short the tsx with 2 or 3 times exposure?
i need some good bear etfs |
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| Nrg2Nfinit |
| quote: | Originally posted by Skipper
I thought OPEC only controls 40% of the world's oil supply? I should really follow it more closely, but from what I understand, the last couple of OPEC production cuts haven't had the desired effect on prices...there are too many other quickly moving parts in today's market I think. |
yes i guess they don't have as much of a hold as they used to back in the day. 40 percent is still quite significant though. |
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| spolitta |
| quote: | Originally posted by Nrg2Nfinit
yes i guess they don't have as much of a hold as they used to back in the day. 40 percent is still quite significant though. |
Can we please assume that OPEC has %100 market share, I still like to know why some people think OPEC dictates prices in such an evil way. |
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| Nrg2Nfinit |
| quote: | Originally posted by spolitta
Can we please assume that OPEC has %100 market share, I still like to know why some people think OPEC dictates prices in such an evil way. |
http://en.wikipedia.org/wiki/Cartel
this is the definition of cartel
now Opec is a cartel. |
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| SniFFleS |
| Anyone can tutor me for FSA on CFA level 1? |
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| Skipper |
| quote: | Originally posted by SniFFleS
Anyone can tutor me for FSA on CFA level 1? |
haha, if I weren't neck deep in level 2 material right now maybe! what's causing you issues? |
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