Investing

What did you buy? What might you buy??

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  • Jan 24th, 2021 1:09 am
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Banned
Jun 15, 2012
2837 posts
1007 upvotes
Saskatoon
alexcalvado wrote: just sold XRE as well.. more money in my pockets ... yeap, I dont believe the bounce
I might be mistaken but looks like a bulls trap to me.
No need to type thank you; upvote=thanks.
Buffett, investors are focusing “not on what an asset will produce but rather on what the next fellow will pay for it.”

“Because gold is honest money it is disliked by dishonest men.” – R. Paul
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Nov 25, 2017
714 posts
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suggestions on the right price to buy Air Canada?
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Feb 5, 2017
831 posts
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Shawnies wrote: suggestions on the right price to buy Air Canada?
I wouldnt touch AC at these levels but thats just me ... I would start to think about it in the 2nd leg down of this cycle... under 5$ or if critical daily drop as the one during 1st leg down
Member
Dec 27, 2010
264 posts
91 upvotes
Really wish I was in this TSLA ride from their $361 low last week...
Deal Addict
Jan 18, 2014
1464 posts
479 upvotes
Rouyn-Noranda
alexcalvado wrote: yeap .. lost 15K on WEED last year (cut my losses)
most often than not, if I buy something I plan to invest in for the long term, I will never sell it unless I see something like in the last days with +10% in a day then I sell
OK that's fair, and what about all the times you bought and sold XAW/SPY over short periods. Every one of those trades was positive?
Newbie
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Mar 23, 2020
4 posts
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alexcalvado wrote: I wouldnt touch AC at these levels but thats just me ... I would start to think about it in the 2nd leg down of this cycle... under 5$ or if critical daily drop as the one during 1st leg down
You think Air Canada goes below $5??
Deal Fanatic
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Dec 28, 2007
7957 posts
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Alberta
John47 wrote: Honest question -- do you ever make any trades where you lose money?
It’s like people going to a casino, you only hear about how much they won but nobody tells you how much they lost.
Deal Addict
Jul 3, 2007
2924 posts
3131 upvotes
Toronto
whats your vote for best canadian sector plays right now based on risk / reward...

banks, utils, oil , reits ?

im looking at some covered call etfs for the dividends and some stock price appreciation...

ZWU ZWB ZRE
Deal Addict
Jul 3, 2007
2924 posts
3131 upvotes
Toronto
jerryhung wrote: PPL, wow, weekly range $15 to now $31
+35% yesterday and +10% today

Wish IPL/KEY and others can bounce like that too
ENB starting to catch up
Sr. Member
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Feb 5, 2017
831 posts
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John47 wrote: OK that's fair, and what about all the times you bought and sold XAW/SPY over short periods. Every one of those trades was positive?
most of them yes
Newbie
Sep 6, 2018
82 posts
59 upvotes
jackrabbit000 wrote: It’s like people going to a casino, you only hear about how much they won but nobody tells you how much they lost.
If people here were actually successful day traders, they'd get hired by hedge funds or could start their own fund and make millions easily.
Deal Guru
Feb 9, 2009
10181 posts
8253 upvotes
I said Monday that lower lows and vix down was signaling bottom

That may have been it guys... we may never see names like bce at 7% yield again.

Buy on dips for long term hold
Last edited by Sanyo on Mar 25th, 2020 11:45 am, edited 1 time in total.
Deal Fanatic
Jul 7, 2004
5965 posts
1628 upvotes
Some here are thinking that could have been the bottom. Some of it on the money, some of it on the fact Trump said people could be going back to work.
Really, the US is just getting started in this, same with us, it's going to get a hell of a lot worse before it gets anywhere close to better. There's no way people are going back to work in a week or two in the US.
This is going to carry on for months. I can't imagine this is the bottom and it's over. One would think there's gonna be another leg down, then a sideways for numerous months. Would I be crazy to sell right now and wait for another drop? Or since I already missed the first drop, should I just hold tight and ride it out?
Deal Addict
Jul 3, 2007
2924 posts
3131 upvotes
Toronto
Sanyo wrote: I said Monday that lower lows and vix down was signaling bottom

That may have been it guys... we may never see bce at 7% again.
some of these prices and yields are stunning if you forget this crazy lockdown time we're in and think 2 or 3 years from now... especially utils and reits ....

oil im not surprised , its in the doghouse for a while.....
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Oct 26, 2007
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YYZ
Well seems like alot here think that was the bottom. Good luck to all.
Licensed Full Service Realtor
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Dec 27, 2010
264 posts
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I can't help but think we won't see bottom until Q1 results are announced
Deal Guru
Feb 9, 2009
10181 posts
8253 upvotes
twistededge wrote: I can't help but think we won't see bottom until Q1 results are announced
Already baked in.

I remember during financial crisis it took the cdn banks like 18 months to get to yields like this that took 3 weeks.

Vastly oversold on Monday and tech and hedgies buying in. Ackman liquidated his puts and bought stocks

Way way way too much negativity in the market. If this goes to the summer things can change, we know a recession is coming, we know deaths are going to go up.. all those fears got baked in.
Deal Expert
User avatar
Apr 21, 2004
54414 posts
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Wow, what a reversal from the 40% off sale last week. Even Bridgewater Associates have lightened up significantly on its short positions.

Hoping shorties do get burned.
Newbie
Mar 22, 2020
35 posts
26 upvotes
I'm just going to sit on METHANEX CORP tsx:MX & check out my balance in a few months.
Banned
Jun 15, 2012
2837 posts
1007 upvotes
Saskatoon
Sanyo wrote: Already baked in.

I remember during financial crisis it took the cdn banks like 18 months to get to yields like this that took 3 weeks.

Vastly oversold on Monday and tech and hedgies buying in. Ackman liquidated his puts and bought stocks

Way way way too much negativity in the market. If this goes to the summer things can change, we know a recession is coming, we know deaths are going to go up.. all those fears got baked in.
Do you think it might be a bulls trap?
No need to type thank you; upvote=thanks.
Buffett, investors are focusing “not on what an asset will produce but rather on what the next fellow will pay for it.”

“Because gold is honest money it is disliked by dishonest men.” – R. Paul

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