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[Merged] Another bloody red day on the TSX

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Jun 9, 2004
1083 posts
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[Merged] Another bloody red day on the TSX

Bummer, I guess the market can't go up for ever. There might be some good deals out there..
6253 replies
Sr. Member
Jun 18, 2003
617 posts
36 upvotes
Port Moody
no kidding, another 300 drop ! tomorrow will be critical ...
Member
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Sep 1, 2005
410 posts
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FAQ wrote:
Jul 26th, 2007 2:22 pm
no kidding, another 300 drop ! tomorrow will be critical ...
Why?

Remember, "...when The Street is scared, I get greedy..."
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Feb 7, 2006
1782 posts
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FAQ wrote:
Jul 26th, 2007 2:22 pm
no kidding, another 300 drop ! tomorrow will be critical ...
Everyday is a "critical day"...what a stupid comment.
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Jun 19, 2006
9349 posts
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Yeah I don't get it -- Encana demolished analysts' earnings estimates, oil is hovering in the $75/barrel range, interest rates are actually down from a few weeks ago, and retail sales have been hitting new records, and the Canadian market sells off.
Deal Expert
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Jun 9, 2003
23066 posts
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Markham, ON
didnt do too bad today on my personal trades

but...can't say that about my mutual funds tho.



I saw today as a good day to buy some cheapies...and there were lots ;)

(i sold off lots last week and waited for a week like this...)
Deal Expert
Aug 26, 2001
15263 posts
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Oak Ridges, ON
yup did a bit of bargain hunting too. a particular dividend paying F.I. stock (won't say any further; rules) took a nice hit, so i was able to get into that one.

HOWEVER... i'm going to say that there is still room for further correction before the summer is out. anyone agree?
Sr. Member
Jun 18, 2003
617 posts
36 upvotes
Port Moody
winner2000 wrote:
Jul 26th, 2007 3:56 pm
Everyday is a "critical day"...what a stupid comment.
exactly, what a stupid comment like this !
Deal Addict
Dec 3, 2003
1712 posts
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Toronto
pitz wrote:
Jul 26th, 2007 4:28 pm
Yeah I don't get it -- Encana demolished analysts' earnings estimates, oil is hovering in the $75/barrel range, interest rates are actually down from a few weeks ago, and retail sales have been hitting new records, and the Canadian market sells off.
I am surprised you are not aware of the actual factors that are causing this selloff. :confused:

Without getting into it, the primary causes are due to circumstances occurring outside of Canada.
Keep on reading....
Deal Expert
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Jun 9, 2003
23066 posts
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Markham, ON
i had a penny stock today with an NR...worst day for a release.

Anyways...shot up a bit...and sold around the peak before it dropped mad.

made some but not as much on an average day on the TSX....(ie usually 50%+)
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Jun 19, 2006
9349 posts
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controlyar wrote:
Jul 26th, 2007 5:13 pm
I am surprised you are not aware of the actual factors that are causing this selloff. :confused:

Without getting into it, the primary causes are due to circumstances occurring outside of Canada.
Keep on reading....
Canada did well compared to a lot of other markets ;) . And in the whole scheme of things, the TSX is just a porcupine that is easily reducable to roadkill by the global freight train.
Deal Addict
Dec 3, 2003
1712 posts
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Toronto
pitz wrote:
Jul 26th, 2007 5:24 pm
Canada did well compared to a lot of other markets ;) . And in the whole scheme of things, the TSX is just a porcupine that is easily reducable to roadkill by the global freight train.
Ding ding ding.
I like that metaphor. :lol:
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May 19, 2005
3196 posts
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Markham
What's that you say? Huge discount on stocks?
Some people just don't get that online forum posts shouldn't always be taken seriously.
Deal Expert
Aug 26, 2001
15263 posts
381 upvotes
Oak Ridges, ON
pitz wrote:
Jul 26th, 2007 5:24 pm
And in the whole scheme of things, the TSX is just a porcupine that is easily reducable to roadkill by the global freight train.
that metaphor doesn't make me very confident about our markets...
Deal Addict
Dec 3, 2003
1712 posts
24 upvotes
Toronto
konfusion666 wrote:
Jul 26th, 2007 5:55 pm
that metaphor doesn't make me very confident about our markets...
Then pull a hagbard. :lol:
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