Investing

What did you buy? What might you buy??

  • Last Updated:
  • Dec 15th, 2018 7:58 pm
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Deal Expert
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Sep 19, 2004
21926 posts
3993 upvotes
Waterloo
GILD +4~5% today, to like Sep/Nov 2016 highs
What a surprise

Best Buy continues to drop
I should've waited 3 days rule...sigh, BTFD this ER season hasn't worked out too well so far
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Jun 27, 2007
4025 posts
911 upvotes
jerryhung wrote:
Aug 30th, 2017 10:45 am
GILD +4~5% today, to like Sep/Nov 2016 highs
Best Buy continues to drop
hold on to GILD. it will be a little volatile after initial flurry of buying/covering. Trend has changed. I would add to already overweight position on a pull back.

BBY wants to close the gap at 50.
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
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Nov 13, 2011
554 posts
185 upvotes
Vancouver, BC
Finally back to break even on GILD.. wanted to average down when it dropped < 70 but had no excess funds.
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Nov 9, 2013
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Edmonton, AB
llpresident wrote:
Aug 30th, 2017 5:31 pm
GILD!!! Finally this POS has awoken.
I wonder if it'll turn into a momentum trade.
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Dec 3, 2014
1228 posts
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Ontario
treva84 wrote:
Aug 30th, 2017 5:47 pm
I wonder if it'll turn into a momentum trade.
I am just trying to get back to even with my ACB being $85.75, although I guess even might be a bit lower if I count up the dividends over the last couple years. I will be very tempted to take a big chunk off the table when it gets to even as it now makes up about 8% of my portfolio.
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Dec 3, 2014
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Ontario
Just perusing the last dozen top picks on BNN and there have been a lot of BNS recommendations. I don't own it but it's clearly the most recommended on there recently.
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Dec 3, 2014
1228 posts
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Ontario
treva84 wrote:
Aug 30th, 2017 5:47 pm
I wonder if it'll turn into a momentum trade.
BTW anyone not in biotech I recommend just buy the IBB and save yourself the headache of trying to find the stock that's going to go up next.

Big day for CGX. Bottom or DCB?
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Sep 19, 2004
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Waterloo
llpresident wrote:
Aug 30th, 2017 6:29 pm
BTW anyone not in biotech I recommend just buy the IBB and save yourself the headache of trying to find the stock that's going to go up next.

Big day for CGX. Bottom or DCB?
I +1 that, buy IBB and XBI and don't worry about picking the winner (it's easier to pick losers, look at TEVA/MYL/BMY/etc...)
I'm stil RED in GILD after 2 years, while IBB/XBI are near highs...
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Dec 3, 2014
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Ontario
Thinking Harvey trade. Is there a good ETF tracking US building material stocks? XLB and similar won't work because they are weighted mostly towards chemical manufacturing. I'm looking specifically for building materials that would be used in home construction. And not something like Home Depot because, while not a terrible pick, the big companies and insurers likely skip the middle man.
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Aug 17, 2008
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llpresident wrote:
Aug 31st, 2017 1:30 am
Thinking Harvey trade. Is there a good ETF tracking US building material stocks? XLB and similar won't work because they are weighted mostly towards chemical manufacturing. I'm looking specifically for building materials that would be used in home construction. And not something like Home Depot because, while not a terrible pick, the big companies and insurers likely skip the middle man.
Not an ETF answer, but other companies, https://www.cnbc.com/2017/08/30/cramer- ... arvey.html
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Oct 27, 2014
435 posts
348 upvotes
Toronto, ON
dlhunter wrote:
Aug 29th, 2017 11:29 am
btw, nothing is clear and we are NOT out of woods yet. Big boys are selling as evidenced by continued weakness in breadth indicator.
5% correction is due and it will happen quick.
my target is 2320
so how quick will this 5% correction happen?
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Nov 30, 2006
2058 posts
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llpresident wrote:
Aug 31st, 2017 1:30 am
Thinking Harvey trade. Is there a good ETF tracking US building material stocks? XLB and similar won't work because they are weighted mostly towards chemical manufacturing. I'm looking specifically for building materials that would be used in home construction. And not something like Home Depot because, while not a terrible pick, the big companies and insurers likely skip the middle man.
Generally plowing into infrastructure related stocks doesn't appear to be a winning strategy in the short to medium term.

If you remember the fire in Fort Mcmurray everyone was crowning construction and engineering firms and it didn't really pan out. When Trump/Trudeau were pushing their national infrastructure initiatives, the stocks got a slight boost but fizzled out in a few months.

Just target solid companies with good growth prospects and a relatively clean balance sheet.

Good luck,
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Oct 9, 2008
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Izzoshady wrote:
Aug 31st, 2017 10:48 am
Generally plowing into infrastructure related stocks doesn't appear to be a winning strategy in the short to medium term.

If you remember the fire in Fort Mcmurray everyone was crowning construction and engineering firms and it didn't really pan out. When Trump/Trudeau were pushing their national infrastructure initiatives, the stocks got a slight boost but fizzled out in a few months.

Just target solid companies with good growth prospects and a relatively clean balance sheet.

Good luck,
I'd take a bet on either GM/Ford rather than infrastructure relate to construction as there's too many players in that field. You will however have to time your entry/exit quite remarkably - in particular I believe GM's monthly sales # comes out this Friday so you'll either have to enter just prior or after in advance to the next binary event related to replacing all the thousands of written off cars.

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