What are you buying?

[morpheiz]

I hope we can begin an informative discussion on what investors are buying (and selling) during this incredibly volatile market along with some rationale.

Buy/hold for long term. Swing trading. Seasonal trading?

For starters, I'm eyeing Gold ETFs for the seasonality play on Gold. I'm also looking at ABX, G

Following the work of Don Vialoux
· Strength in the July to September period corresponds to strength in gold. Gold strengthens when gold fabricators are buying gold to make jewelry for the Christmas and Dhaliwal seasons.
http://www.equityclock.com/seasonality/
http://www.timingthemarket.ca/techta...nal-investing/

The volatility is scary so I've put in all my stop losses yesterday.
Also looking for dips in the market to buy more IPL.UN to DRIP

What are you buying today?


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[ACC-Major]

I have seem one of my stocks goes down by 10% in just 2 hours, and then it closed up higher by 10%.
Stop loss will not be sufficient.
Another example would be if you set your stop loss at 10%, but the stock opens 15% lower. It skips over your stop loss orders.

As for gold, it's not luxury or jewelery, you buy gold for money.
Gold and Silver are like currencies; the supplies won't increase nearly as fast as the printing presses around the world.

[cmackie]

I'm currently holding Cdn stocks ITP, SW, SJ, PLB, BCB and PSI. Held them each between 1 and 3 months and will likely make some changes when earnings season starts getting busy in early August. I'm hoping for some earnings suprises but if they miss I'll be looking to make changes.

[Mark77]

XIU (the TSX60 ETF), and selected cash-heavy mid-cap producing gold and silver miners.

[Kaitlyn]

I bought a little Goldcorp G for $34.34. Will see what the coming days/weeks bring!

[angelok]

I believe that the next Bull Market is just around the corner. Therefore, I am staying away from any Gold investments.

I am buying US financials, in particular USB which is trading @ 12X current earnings.

I also bought TPC - PE @ 7X, and MSFT - PE @ 10X.

[Mark77]

I believe that the next Bull Market is just around the corner. Therefore, I am staying away from any Gold investments.

What makes you think that gold going up (and/or gold stocks going up) and the stock market going up are mutually exclusive?

[angelok]

What makes you think that gold going up (and/or gold stocks going up) and the stock market going up are mutually exclusive?

IMO, Gold has already peaked. The next bull market will not be including Gold or Gold stocks.

[AntonyLingo]

I believe that the next Bull Market is just around the corner. Therefore, I am staying away from any Gold investments.....

For those of you who have missed the boat on the current bull market, all you have to do is look at the 10 yr US bond.... the next bull market isn't around the corner, its in a different asset class.

There has been a bull market in US bonds for almost a year now...... and not to quote Jim Cramer, but there actually is a bull market somewhere at all times. You just need to open your eyes.

http://bigcharts.marketwatch.com/pri...ttype%3dFuture

[Sniper001]

IMO, Gold has already peaked. The next bull market will not be including Gold or Gold stocks.

Interesting view. I think the gold miners at the current levels, especially Goldcorp, is very attractive for a long-term hold. Almost a no brainer if somebody doesn't have any gold/gold miner exposure in their portfolio, can tolerate a bit of risk and pain in the short-term (not much pain though in my opinion), and is well diversified in other industries.

[ccyk]

goldcorp's recent weakness is due to 1) mexico mine cant be (reasonably)fixed...lack of water is not something a private corp can do, cash cost is going yo rise as lower production to share the cost/oz
2) the redlake mine is fixable, but again, op margin is going to be weak.

[ccyk]

I only bought metal stocks pre 09 and switched to buying oil only now...
realized that fact that oil capex is way way lower than miners, plus way faster payback period and comparable IRR/NPV discount to miners.
it is easier to for a jr oil to grow big, it only takes a few wells to hit in a roll to become self-funded growth company(no dilution). where as a jr miners will take 10+years to grow, plus all the dilution.....

[morpheiz]

goldcorp's recent weakness is due to 1) mexico mine cant be (reasonably)fixed...lack of water is not something a private corp can do, cash cost is going yo rise as lower production to share the cost/oz
2) the redlake mine is fixable, but again, op margin is going to be weak.

Do you believe G is a buy at these levels for the intermediate to long term? I think money management is important and I should be well diversified before at this time

[Mark77]

Do you believe G is a buy at these levels for the intermediate to long term? I think money management is important and I should be well diversified before at this time

I personally don't know about Goldcorp specifically (it always seemed to be one of the more expensive senior names), but it'd be pretty silly to buy just a single firm.

[charliebrown]

Got out of some Open Range shrs today (thank goodness Peyto came along as the white knight), put the proceeds into Zargon (ZAR.TO).
Cant seem to figure out why oil is back to $87 but oil producers are still trading near 52wk lows (and nat gas no longer in the $1.xx range)