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StockJock-e's Thoughts and Ramblings - Page 8

post #141 of 186
Thread Starter 

Hi Kalashno!

 

Wow thanks for the kind words!

 

Im not sure you want to invest "all" your money. Do you have enough left over for emergencies?

 

If this $25k is what you want to put into investments, dont do it all at once.

 

This market is moving very fast, but nothing goes up this much with out eventually falling back, you may have a better opportunity in a month or so.

 

That does not mean you can not start a well balanced portfolio today. You can start committing small amounts of money, say 1/4 of it this month, then wait and see how the market is doing before adding more.

 

Dogs of the Dow is a great idea thumbup.gif

 

You might want to check in with our local Portages expert, Rui -  http://www.hotstockmarket.com/t/186135/the-elusive-snail

 

Short on XOM?

 

chart.ashx?t=XOM&ty=c&ta=1&p=d&s=l

 

With oil prices rising and trouble in the middle east, I would not be rushing out to short XOM... maybe if it fell below $84, but only if oil prices are going lower.

 

I cant really tell you about all those shorts, but if you want hedge with some exposure to the short side of the market as a whole, there is always SH

 

SH short S&P ETF

 

 

post #142 of 186

Thank you bro, but I cant send any message to that guy.

 

Im lacking a lot of information about Portugal that I cant find anywhere (Im spanish), nobody talks about it but they got 5yrs bond at 16,49% which is crazy, and also that bank BES looks very solid with a good financial structure and didnt need help.

 

Could you message Rui asking to come over this thread, please?

 

Problem about going step by step are fees, should I work with Interactive Brokers? Can I buy all of that with them? And also, they charge $10 monthly fee, right? Wont that suck if I go long?

 

Maybe I should try my local ING bank where they have no fees but only for buyin/sellin, problem is i totally dunno if they sell PT bonds and foreign stocks.

 

Thanks again.

post #143 of 186

By the way, does Citi suck? I mean with 200mil clients in 140 countries, shouldnt it be doing well in the future?

post #144 of 186
Quote:
Originally Posted by Kalashno View Post

Thank you bro, but I cant send any message to that guy.

 

Im lacking a lot of information about Portugal that I cant find anywhere (Im spanish), nobody talks about it but they got 5yrs bond at 16,49% which is crazy, and also that bank BES looks very solid with a good financial structure and didnt need help.

 

Could you message Rui asking to come over this thread, please?

 

Problem about going step by step are fees, should I work with Interactive Brokers? Can I buy all of that with them? And also, they charge $10 monthly fee, right? Wont that suck if I go long?

 

Maybe I should try my local ING bank where they have no fees but only for buyin/sellin, problem is i totally dunno if they sell PT bonds and foreign stocks.

 

Thanks again.



I just sent him the link.

 

post #145 of 186

Thank you very much, I'm gonna hit the bed now as its 5:32am, I'll check tomorrow if there's any reply.

 

Any other answer is more than welcomed, of course.

post #146 of 186
Quote:
Originally Posted by Kalashno View Post

Thank you very much, I'm gonna hit the bed now as its 5:32am, I'll check tomorrow if there's any reply.

 

Any other answer is more than welcomed, of course.



Hi there Kalash first wellcome to HSM!

 

I dont know if we've met before, probably yes at "Caldeirão da Bolsa". There I have got same ticker, RG7803, so probably yes.

 

I am at work now and just recieved one note from SJe and Bob also about your first posts. I dont have the time now to check all your ideas but just some quick notes:

 

-first always trust SJe (and a few others) notes here, they are heavy traders, with solid ideas and general good knowledge about the markets; trust them, its worthwhile stuff

-second if you are new at trading dont do the same mistakes that most of us did; do HEAVY papertrading before you launch your money into the fire

-third get a few books; they will not hurt you! if you are portuguese native language read this first, its cheap, easy reading, fun and the best one in portuguese, all the others are garbage (believe me I read them all)...http://www.wook.pt/ficha/ganhar-em-bolsa/a/id/195228

-forth, get a decent broker; best choice in portugal is no doubt www.gobulling.com (Saxo Bank platform, quite good, better costs than retail banks); best option would be an american broker, far better pricing

-fifth, learn TA; its the best tool (not the only one of course)for trading; keep in mind one thing: "charts never lie, problem can be your glasses..."

-sixth, my contact: rg7803(-at--) gmail.com; send me yours and I will pass what is relevant for you to read in a first stage

-seventh, about your choices: I like BES; I have it myself for the long run, also BRISA; another one I would choose is JERONIMO MARTINS now entering Colombia; for BES you have my analysis here (it was "Exercice 0", this memo for the others).

 

Finally...wellcome aboard!!!

 

 

Rui Gonçalves

 

 

post #147 of 186

 

 

Kalashno,

 

Check this for BES.

 

http://www.hotstockmarket.com/t/192449/training#post_2833026

 

See you.

post #148 of 186

Wow, Im very surprised that people is so handful and kind in this forum, Im very thankful.

 

First of all I wanna make clear im spanish (I stated it last page) and I have never invested with my own money, my dumb dad dumped 6k € on some shitty mutual fund that his bank's "friend" offered before the financial crash.

 

I have recently won a first prize of 5k€ and an iPod from a contest the broker GVC Gaesco and my local university organized, I have assisted to some speeches + i got very handful technical info + my IQ is pretty higher than average and I always loved this kind of things (im former sportsbetter and pokerplayer).

 

So, Im pretty obsessed now with all this stuff, its been ~2 weeks that I have spended 12-14hrs/day checking historical charts from many companies + reading + watching videos (Hi SJe <3) and since my goal in life is becoming rich this can be the start of my future profession. Im now studying business and administration direction which implies that im familiar with all the P/E, EBITDA, etc ratios.

 

The thing is that im more fundamental than technician, I find it less risky (even tho i love risk) and at the same time a much better way to make profit as my capital is pretty low and comissions would eat me if i'd speculate.

 

So, about papertrading, I feel like my theories will be correct, plus im not assuming a huge risk, top dogs of dow and BES arent much of a risk. I will just wait until april's heavy pullback and then just jump on the dogs and maybe JVA/MET/DMND. On the other hand depending on what I get from today's "conversation" I will go tomorrow and simply buy 2.500€ worth on BES stocks.

 

About bonds, I need information of how is Portugal doing, because the risk prime can perfectly be manipulated and topped by speculators and may not show reality, even though 16,49% for 5yr bond is SICK.

 

Should I buy longterm stocks such as BES + pt bonds using ING broker? (only buy-sell comission, no custoding or any other fees).

Should I use Interactive Brokers to purchase stocks on the US?

 

And also, where do you get that software that gives you such handful charts? I used during the contest Visual Chart V, which is pretty cool, but it turns out that if I wanna use it furthermore I've got to pay.

 

Thanks for reading me guys,

 

Regards,

Cristian.

post #149 of 186
Quote:
Originally Posted by Kalashno View Post

Wow, Im very surprised that people is so handful and kind in this forum, Im very thankful.

 

No prob! Here we love new people (new ideas) coming in everyday!

 

First of all I wanna make clear im spanish (I stated it last page) and I have never invested with my own money, my dumb dad dumped 6k € on some shitty mutual fund that his bank's "friend" offered before the financial crash.

 

You are spanish!? Well...nobody is perfect...biggrin.gif! But I will (try) to help you anyway!

 

I have recently won a first prize of 5k€ and an iPod from a contest the broker GVC Gaesco and my local university organized, I have assisted to some speeches + i got very handful technical info + my IQ is pretty higher than average and I always loved this kind of things (im former sportsbetter and pokerplayer).

 

Good, seems you got what it takes to win in the markets! Add some more hard-working, money management, trading planning and few methods and you will have it all!

 

So, Im pretty obsessed now with all this stuff, its been ~2 weeks that I have spended 12-14hrs/day checking historical charts from many companies + reading + watching videos (Hi SJe <3) and since my goal in life is becoming rich this can be the start of my future profession. Im now studying business and administration direction which implies that im familiar with all the P/E, EBITDA, etc ratios.

 

The thing is that im more fundamental than technician, I find it less risky (even tho i love risk) and at the same time a much better way to make profit as my capital is pretty low and comissions would eat me if i'd speculate.

 

It all depends om your time frame. FA for daytrading is rubbish, useless. However if you are planning long term holdings that can be a smart bet.

 

So, about papertrading, I feel like my theories will be correct, plus im not assuming a huge risk, top dogs of dow and BES arent much of a risk. I will just wait until april's heavy pullback and then just jump on the dogs and maybe JVA/MET/DMND. On the other hand depending on what I get from today's "conversation" I will go tomorrow and simply buy 2.500€ worth on BES stocks.

 

Test your theories by papertrading them. If they work acording your initial thoughts move on...

 

About bonds, I need information of how is Portugal doing, because the risk prime can perfectly be manipulated and topped by speculators and may not show reality, even though 16,49% for 5yr bond is SICK.

 

How Portugal is going? Simple, as a spanish twin shadow...same problems, same solutions. Risk is similar, however Spain is more critical (I believe that in economical terms Spain is 4/5 times bigger than Portugal), due to his size.

 

Should I buy longterm stocks such as BES + pt bonds using ING broker? (only buy-sell comission, no custoding or any other fees).

Should I use Interactive Brokers to purchase stocks on the US?

 

I strongly advise you to search a good broker in Spain. Compare costs, comissions, fees, etc. For sure there will be one. However if you are going to trade mainly american market I think you should open an account in an american broker. For that Im not the ideal person to help you but for sure SJe will give you an hand on that.

 

And also, where do you get that software that gives you such handful charts? I used during the contest Visual Chart V, which is pretty cool, but it turns out that if I wanna use it furthermore I've got to pay.

 

The trading platform from you future broker for sure will have a decent one. But meanwhile you can use finvizz, stockcharts or this one I use (www.realtimepro.com). 

 

Thanks for reading me guys,

 

Regards,

Cristian.



 

post #150 of 186

Hin Sir, new to this and would like to know where you think Cuu will go to by this summer and should I buy now?

Bruce

post #151 of 186
Thread Starter 
Quote:
Originally Posted by rbe69 View Post

Hin Sir, new to this and would like to know where you think Cuu will go to by this summer and should I buy now?

Bruce



Try asking on the CUU thread: http://www.hotstockmarket.com/t/40878/cuu-copper-fox-metals-inc-tsxv/240

 

Nobody can tell you if you should buy or not.. we dont have a crystal ball that predicts the future. The best we can do as traders is try to identify favorable set ups, take the trade and use a stop loss if the trade moves against us.

 

CUU has been dropping and is now at the $1 support, if you have done your research and feel this is a fair price, go for it. But be careful! Copper is up for 2012 but this stock is down, which means there is a disconnect between the two so you cant gauge moves in the commodity to help you get a good read on this stock.

 

post #152 of 186

so what have we learned from this thread?......

 

that you CAN drink 4 year old coffee and be fine!! banana.gif

 

any new coffee updates SJ?

post #153 of 186
Thread Starter 
post #154 of 186

oh wow!

 

update AND upgrades i might add! The gadget looks neat! Very convenient!

post #155 of 186
Hello StockJock-e,

I am currently a student interested in trading. I have been following a couple of penny stocks for the past six months. They all have shown constant show gains. If it wouldn't be a problem could you tell me if these companies are worth a trade?
SCUEF 
FEGR
PHUN
FRMC


Thank you 
 
post #156 of 186
Thread Starter 

Hi fortuogo

 

Welcome to HSM!

 

The best thing for you to do is forget about penny stocks.

 

All penny stocks are scams unless proven otherwise.

 

The only people that make money trading penny stocks are the company insiders, promoters, and experienced traders.

 

You are whats called fish food, the new, eager investors salivating at the chance to make 500% gains, but always end up losing at the end.

 

Sorry I did not take a look at all those stocks you mentioned there, but that SCUEF is just horrible. What is that? laughing.gif

 

Im not big into penny stocks, I would suggest you drop by Simons group and check out what he might have to say :

 

http://www.hotstockmarket.com/groups/show/10/penny-stock-breakouts

post #157 of 186

Thanks men, those stocks did seem sketchy... even though it would be great for those kind of gains to be real. I started trading about six months ago,got in CMXI, EMIS, IMSC. I got in at somewhat the right time, but my stomach couldn't handle it, got out way too early. I was disappointed for my losses, but I understood I wasn't going to get it right the first few times. So now, for about six months, I've been following this watch list. The majority of them have shown pretty decent gains. I'm just about ready to start trading again, hopefully this time i'll do it the right way... any suggestions? thanks again.

 

Screen Shot 2012-06-05 at 12.22.49 AM.png

post #158 of 186
Thread Starter 
Quote:
Originally Posted by fortuogo View Post

Thanks men, those stocks did seem sketchy... even though it would be great for those kind of gains to be real. I started trading about six months ago,got in CMXI, EMIS, IMSC. I got in at somewhat the right time, but my stomach couldn't handle it, got out way too early. I was disappointed for my losses, but I understood I wasn't going to get it right the first few times. So now, for about six months, I've been following this watch list. The majority of them have shown pretty decent gains. I'm just about ready to start trading again, hopefully this time i'll do it the right way... any suggestions? thanks again.

 

 

When it comes to penny stocks, there is nothing to research, investigate, calculate or research. Its all about whether or not the stock is in promotion phase or in the distribution phase. If you got in before the promotion, it goes up, thats all it is.

 

My advice to you would be to follow the market leaders, get into the big stocks as soon as possible. From there you need to get into option , futures and even forex trading. There is a lot more to do in this market than try understand why some random penny stock is not rallying because the CEO said it is undervalued.

post #159 of 186
Quote:
Originally Posted by StockJock-e View Post

 

When it comes to penny stocks, there is nothing to research, investigate, calculate or research. Its all about whether or not the stock is in promotion phase or in the distribution phase. If you got in before the promotion, it goes up, thats all it is.

 

My advice to you would be to follow the market leaders, get into the big stocks as soon as possible. From there you need to get into option , futures and even forex trading. There is a lot more to do in this market than try understand why some random penny stock is not rallying because the CEO said it is undervalued.

 

Excellent advice

 

When I first started I got burned by pennies... I never want to be in an R/S again.

post #160 of 186

Hey there StockJock I came across you on google and have found your information very helpful as I am a student investor learning as much as i possiblly Can. I have a good understanding of fundamental analysis but Technical is something newer to me and I Learned a bit from your threads My question is when screening for penny stocks as a trader who wants to hold it only for a couple days and make a big profit what kind of thinks do you look for if your screening for stocks out of so many how do you narrow it down? and Do you recommend any books on Technical analysis, thank you so much!

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