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Any Day Traders on TA? (pg. 5)
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| Nrg2Nfinit |
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. |
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| Nrg2Nfinit |
| i wouldnt worry about the coal.. markets were just generally down today |
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| slingshot |
| quote: | Originally posted by DigiNut
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? |
It's a traders market dude....any chance there is for the street to play on volatility they're going to take it and use it to push things up or down. Any sort of news, be it good or bad is going to start a chain reaction. There aren't too many opportunities right now....as soon as the market gets a hold of one it's going to be pushed either too high or too low....which seems to be the theme of the last year and a bit pretty much. The only way to make money right now is basically to get in on these trades. Finding steady cash flow streams to be able to asses things from a fundamental perspective is pretty challenging right now. |
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| DigiNut |
| quote: | Originally posted by Nrg2Nfinit
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. |
Funny, I saw some spam about them a week ago and figured it was another pump-and-dump (it probably was, at the time). Wish I'd looked again this morning. :mad:
At this point I'd be pretty afraid to touch it, after a 2-day rally of over 200%. But, then again, they did this a few years ago with the Avian Flu panic and it went up about 700% to $8. Decisions...
| quote: | Originally posted by slingshot
It's a traders market dude....any chance there is for the street to play on volatility they're going to take it and use it to push things up or down. Any sort of news, be it good or bad is going to start a chain reaction. There aren't too many opportunities right now....as soon as the market gets a hold of one it's going to be pushed either too high or too low....which seems to be the theme of the last year and a bit pretty much. The only way to make money right now is basically to get in on these trades. Finding steady cash flow streams to be able to asses things from a fundamental perspective is pretty challenging right now. |
Actually, most of the REITs and other income trusts and dividend funds have been doing incredibly well. Likely because shares were beaten up so badly but they managed to keep their dividends. But at my age I'm not going to be satisfied with a lame-o 15-20% annual return. That's retirement income, not growth. If I can swing just 5% per week, I'll be laughing.
And you're right, this is not a long-term investor friendly market for the most part, it's extremely panicky and trading on hype, and I basically have been just following the hype. It worked with SIRI, RIM, and FAS (day of WFC announcement), but also failed miserably with FAZ a week later and GE... guess you can't win 'em all. |
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| exstasie |
| quote: | Originally posted by DigiNut
Funny, I saw some spam about them a week ago and figured it was another pump-and-dump (it probably was, at the time). Wish I'd looked again this morning. :mad:
At this point I'd be pretty afraid to touch it, after a 2-day rally of over 200%. But, then again, they did this a few years ago with the Avian Flu panic and it went up about 700% to $8. Decisions...
Actually, most of the REITs and other income trusts and dividend funds have been doing incredibly well. Likely because shares were beaten up so badly but they managed to keep their dividends. But at my age I'm not going to be satisfied with a lame-o 15-20% annual return. That's retirement income, not growth. If I can swing just 5% per week, I'll be laughing.
And you're right, this is not a long-term investor friendly market for the most part, it's extremely panicky and trading on hype, and I basically have been just following the hype. It worked with SIRI, RIM, and FAS (day of WFC announcement), but also failed miserably with FAZ a week later and GE... guess you can't win 'em all. |
Well my REIT sure as hell isn't doing anything this year lol. I'm down -7.5% this year :(
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| slingshot |
| quote: | Originally posted by DigiNut
Actually, most of the REITs and other income trusts and dividend funds have been doing incredibly well. Likely because shares were beaten up so badly but they managed to keep their dividends. But at my age I'm not going to be satisfied with a lame-o 15-20% annual return. That's retirement income, not growth. If I can swing just 5% per week, I'll be laughing.
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Yea, there are a few income trusts that have remained pretty stable over the last little while and give out great yields if that's your sort of thing. BPF-UN.TO and CGX-UN.TO come to mind. I personally think that being this young and investing in low-beta, high yield equities is preeeeeeeetty boring and a waste of time. You don't learn all that much, and you're not making trades on an active basis. At this young an age, education is paramount and the only way to get that is to be an active player in the market....taking risks and going outside of your comfort zone (albeit as calculated as possible).
My $0.02 |
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| DigiNut |
| quote: | Originally posted by slingshot
I personally think that being this young and investing in low-beta, high yield equities is preeeeeeeetty boring and a waste of time. |
I've got about 1/3 in that type of stuff, want to guarantee at least a little bit of a retirement fund in case I blow everything else. But it's dull for sure. I'm waiting for just one more dive before I pull everything out of the old mutual funds (from back when I opened the RSP but wasn't interested in active trading - bah, useless).
I wouldn't say it's a waste of time, since it isn't really occupying any time, but the chance of retiring by 30 with just those is effectively zero. |
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| simms327 |
any thoughts on gold? I'm a believer of massive inflation in the future due to all the new money entering the system, but when?
I made some money on HBU on the tsx
also have been enjoying YLO.un with a 20% avg yield. |
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| Skipper |
| quote: | Originally posted by simms327
also have been enjoying YLO.un with a 20% avg yield. |
Do you really think that's sustainable though? |
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| DigiNut |
| quote: | Originally posted by Skipper
Do you really think that's sustainable though? |
Why not? It's just a dividend, been steady for at least 4 months despite the drop. P/E is good.
That is the one nice thing about dividend funds - doesn't matter how much the share price gets beat up, your earnings are always based on the original purchase price. As long as the dividend doesn't get cut, that is - but that's rare. And let's say they do cut it to say, 0.07 instead of 0.10, who cares? That's still a 14% return which is better than any mutual fund.
If this is about the whole income trust taxation thing, traders are far too paranoid about that. |
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| Naruepol |
Also remember to open a tfsa account with your broker. I opened mine in the first week of Janurary,deposited the max of $5,000 and double my initial deposit.
TFSAs are the best thing government has done in a long time, it wont be until they screw it up again.
And if you lose money in your tfsa than your ed. |
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| Skipper |
| quote: | Originally posted by DigiNut
Why not? It's just a dividend, been steady for at least 4 months despite the drop. P/E is good.
That is the one nice thing about dividend funds - doesn't matter how much the share price gets beat up, your earnings are always based on the original purchase price. As long as the dividend doesn't get cut, that is - but that's rare. And let's say they do cut it to say, 0.07 instead of 0.10, who cares? That's still a 14% return which is better than any mutual fund.
If this is about the whole income trust taxation thing, traders are far too paranoid about that. |
Companies will go a long way to prop up a dividend, what I'm asking is if it's being supported by actual, sustainable operating cash flow.
There are a lot of great yields out there, but I would argue a lot of them are prime picks for a cut in the next 9 - 12 months. |
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