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And was looking at RIM, theyre in hell now but I think theyre gonna come with something that will put them back up before the year is out
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •It depends on the company you open a brokerage account with, some require you to have at least $1000 in your account, some don't have any requirements at all. It depends on where you go. Try your local bank and ask them if they have any requirements and find out what their commission rates are as well.
@ RIM comment, good man.... RIM is currently my second largest Canadian dollar holding. There are a lot of really good things going for it but recent news headlines feel otherwise SMH. The more it falls the more I'm buying, I believe that in the long term it will be a far bigger business than it is now. People forget than on average over a 10 year period RIM has grown it's equity/networth by 20%...... that's incredible......
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •Groupon
Facebook (once they fall under $15 im goin in)
Cisco (after i get my CCENT)
RIM
And if Amazon falls again im going to get in there too (they rise fast when they take a loss)
HP
Working on saving up to open up that first account
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •RIM, HP & Amazon are fine, but the rest you'll lose money on. Try looking at some banks too, the banks are so incredibly well capitalized it's ridiculously. American banks are in better shape than any other banks in the world right now. In place of FB & Groupon I'd recommend Wells Fargo, Bank of America and Petrobras (oil), ConocoPhillips is another good one to consider as well. RIM will probably drop a bit more but at these prices the come up on RIM is gonna be insane.
If you buy RIM shares better make it a mission to stay away from news reports LOLOL. Contrary to belief, RIM is in far better shape than the media states. They have no debt, they're sitting on a lot of cash and are still making good on profits. They also grew their subscriber base by 3 million (in their worst year apparently) & now have nearly 80 million Blackberry users, and their equity has increased too (from $8.9 billion to $10.1 billion). More importantly they still have the dominant foothold over Canadian telecommunications. If you're willing to hold on for the long term, you're looking at a better flip than Microsoft in the early 90s.
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •- Spam
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •CIM ? As in Chimera Investment Corporation ??
If that's the company you talking about..... there's nothing really wrong with them internally, management has been buying stock (usually that's a good sign), the numbers are there and the price is decent too. I was even shocked that they pay a dividend LOLOL. Despite all that for w/e reason it's performing lousy. I think it may be the issues in Europe holding down North American stock markets that are beating up the stock price.
I'm not sure what your purchase price is so I can't tell if you should sell it. If I knew (you don't have to tell me if you don't want to) I could give you a better idea. The company is not that great of a business tho so I wouldn't count on some miraculous spike but then again the Stock Market is a strange place LOL....
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •- Spam
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •yes, and I only brought 10 shares of it (again I haven't really started putting serious money on stocks yet), but when I brought it, it was at 3.37.
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •I may just keep it in my account for now, may just wait until I deposit more money. I've had it for a while and was honestly attracted by its dividend yield, but the fact that it has been going down so much, I'm not liking that.
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •Dayum, well if it's just 10 shares might as well just let it sit. Financially there's nothing wrong with the company, w/ bad news coming out of Europe everything been falling down. I think you'd be better off buying into a low cost index fund tho.
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •Yea...my list got so big, I had one index fund in mind, but it got lost in the shuffle.
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •Cut One Notch:
HSBC downgraded to Aa3 from Aa2
Lloyds TSB downgraded to A2 from A1
RBS downgraded to Baa1 from A3
Societe Generale downgraded to A2 from A1
Cut Two Notches:
Bank of America downgraded to Baa2 from Baa1
BNP Paribas downgraded to A2 from Aa3
Barclays downgraded to A3 from A1
Citigroup downgraded to Baa2 from A3
Credit Agricole downgraded to to A2 from Aa3
Goldman Sachs downgraded to A3 from A1
JP Morgan Chase downgraded to A2 from Aa3
Morgan Stanley downgraded to Baa1 from A2
RBC downgraded to Aa3 from Aa1
UBS downgraded to A2 from Aa3
Cut Three Notches:
Credit Suisse downgraded to (P)A2 from (P)Aa2
yep, Wells Fargo is
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1 • Wack Feelings Nosign Cosign Ether 1GOAT LOL •LOLOL I just saw RIM tumble 20%, I will be adding more RIM. I won't be surprised if RIM becomes my largest holding by the end of the year. I've been aggressively buying it.
Another company you guys might want to take a look at is Johnson & Johnson. I will be adding JNJ to my holdings.
@reaperbong LOLOL WFC is the truth, easily the best bank in the world. Also if you're still interested now is the time to be buying up PBR it's selling a very good discount.
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1 • Wack Feelings Nosign 1Cosign Ether GOAT LOL •JNJ is a dividend and stock aristocrat, definitely a stock people should already have in their portfolio
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •and lol @ all the cynical, pessimistic comments across these news sites after the huge gains reported for Friday, a lot of salty people out there are mad they keep letting the media and their dumb ass political views keep them from investing heavy in this bull market. a lot of opportunity to make money is passing people by because they're too busy trying to hold on to their beliefs that the USA is going downhill under Obama and the Democrats.
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1 • Wack Feelings Nosign Cosign Ether 1GOAT LOL •Right now there is too much stimulus but not enough productivity ESPECIALLY in Europe. There are rumors that the feds may invoke more stimulus (I think the rumors are bullshit but it's still a possibility). Canada is in a housing bubble and China is in a housing bubble as well. The Europeans aren't doing anything and it seems only America is progressing. Although a housing bubble burst in Canada won't really hurt anyone outside the country there is much cause for concern if China's housing bubble pops. China is not a small economy it's now a 7 trillion dollar economy, so if that economy tumbles the whole world will feel it. But that's not the main thing here, the main issue is that with all these countries who dropped trillions of dollars into their economies (the U.S. included), there is still not enough growth or productivity to support it - in other words - countries in Europe are still in intensive care, they're not breathing on their own yet. My research tells me that b/c of all the stimulus around the world and the massive debt loads and weak productivity to support countries, it's a good chance that a period of deflation occurs. And if China's housing bubble pops another global slow down, and it may spill over into the stock market and hit stock prices (here's the good news LOLOL). If this happens the only good news I have is that stocks will be cheap for purchase again. The other good news is that if you were buying American stocks in the last 2 years (mainly 2011 tho), you're still gold and in the short term you should do record numbers. However, if what I'm saying is true and the macroeconomics spills over into the stock market it's possible you could see stock prices fall drastically and mainly in Canada, China and the U.S. (at the moment stock exchanges in Canada have been falling for what seems like forever). The other good news is that I don't think Europe is going to go anywhere anytime soon. It's gonna take a while for Europe to rearrange its issues and bring itself back. The solution to the global economy is NOT more stimulus it's organic growth/productivity. We need global economies to start doing things on their own without government intervention.
What I would do if I were some of you is still keeping buying cheap stocks right now, but make sure that next year you make it a goal to load up on cash for the opportunities that will arise. Also please note - just because something pops off in China, Canada or Europe it DOESN'T mean it will affect the U.S. in the same capacity. I still hold strong to my belief that U.S. markets this year will finish up well and that the U.S. economy is on a good path to success (the only thing the U.S. needs is for the housing market to make a comeback that's all). Also even tho corporate profits are hitting record highs for a lot of companies please understand it won't be like that forever, this is not a bad thing btw, you'll usually see things like that in economic recoveries.
Overall, best of luck to everybody, much of the worse is long behind us but lets not get too carried away. Should stock markets continue to fall you should be buying more equities in good businesses, with durable competitive advantages, good management and are selling at discounts.
Regards,
Sion.
(btw I use the term "productivity" very loosely, when I say that I mean to reference things like small businesses, people employed and paying taxes, GDP growing organically, corporate profits, unemployment going down, etc.)
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •- Spam
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •- Spam
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •- Spam
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1 • Wack Feelings Nosign Cosign Ether 1GOAT LOL •Just got on Investopedia a few weeks ago....im playing with this fake money till i grow some real balls
To everyone who wants to see what its like, I recommend Investopedia
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •^^^^ This is another reason why I don't touch IPOs.... this is not uncommon practice btw - dudes weren't even allowed to sell off shares LOLOL. Who knows what type of other funny stuff they're gonna do next. I could see Zuckerberg doing a stock split to make it look cheaper & then trying to spin it around to tell folks to buy stock.
They messed up trying to raise that $100 billion dollars, if they had gone with something more modest they'd have made a killing & Zuckerberg wouldn't of taken a hit like that to his reputation. I can understand the hype but got dayum investors got burnt. If this was Hollywood, Facebook would be the Green Lantern of stocks SMH.
And in other news I'm looking at 2 companies:
Inmet Mining & AIG (as in American International Group the insurer LOLOL)... AIG looks very attractive I'm still weeding thru the balance sheet, but I'll post up info on it soon if it meets my requirements....... Recently been increasing NYB that might be one of the best banks in the world.
I have a whole new list of some very nice companies I'll post up after I do my homework and go thru their financial statements.....
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •- Spam
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •just made a small purchase of 30 shares from my dividends but it's been going up like crazy all year. co-worker of mine claims he invested 3k at 1.10 a share earlier this year and has now raked it in from a stop he put it at 5.40. i bought today at 6.66 and it's still going up. the company makes bio-drinks in the US but will soon possibly expand to Asia
have a look at the financials/balance sheet/income statement and let's compare notes.
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •Give me about a day, I have so much work to do right now it's ridiculous
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •First let me say I am still very bullish that 2012 will end on a high note - the Dow is already up 6.5% & the S&P 500 is up around 10.6% (it's not very often the S&P does better than the Dow LOLOL).
It's also important to notice the fear pervading markets. Never in our time have we seen companies hoarding this much cash and done NOTHING on that cash. From my research, if you tally the cash balances of all the companies in the S&P 500 in America it comes out to about $3 trillion dollars. Never have companies sat on that much cash. Now as I said early this year, I still believe that the stock markets will finish on a high note and in the green. Also, the more Europe begins to suffer the more we're going to see money leave the EU and come to the U.S. as investors look for more safer investments (we've already seen this with the sudden fall of oil and the strengthening of the dollar as people sell off equities to hold cash).
I think that it's possible we start seeing a period of takeovers and mergers, kind of like in the 1980s because a lot of companies are sitting on hoards of cash and with bonds yielding peanuts and cash not doing anything, there are better alternatives & yields to be found in investing in publicly traded companies right now. I don't even think banks want to lend money at 1% and with fear all over the world causing people to hold on to their cash, there isn't a lot of people borrowing money & actively investing to begin with. Despite all this negativity, keep in mind - the best days are ahead of us and if you were buying stock in 2011 you will reap the rewards. There is no "safe" investment but if you're looking for something to invest your money in you should be looking at strong companies selling at low prices. You won't find good yields in bonds (unless we're talking corporate bonds), preferreds and options/warrants are risky with these companies sitting on too much cash there's no telling if they'll buy them out to alleviate unnecessary obligations and strengthen distribution streams. Equities seem to be the best choice for now, and in a few years it may change to real estate.
I'm still optimistic about the stock market but please see things objectively - there is still a very good chance that another market downturn erupts. The troubles with Europe are far from over - the European Union in its current form is not a sustainable model in the long term. It would be better for them to separate IMO. If this happens there's a chance that it may spill over into the stock market & cause for prices to drop again. Also China is also in the red, I don't care how good economic growth prospects are out there, it doesn't overshadow the reality that there's a looming housing bubble and when it goes pop there's no telling how hard the world will feel it. It would be a good idea to keep buying but to also hold a large cash balance and be conservative just in case.
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0 • Wack Feelings Nosign Cosign Ether GOAT LOL •