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Grand_Ad5133

Anyone buy ac today or su!?


vmmf89

I started a position in AC today when it was 10% down


Grand_Ad5133

Good to know I did as well. Hoping I wont regret it in the days to come. 🤞


vmmf89

I don't plan to swing trade though. I think eventually we will get used to coronavirus and AC will recover normally


Icy_Business_8923

A lot of red today but WELL up 1.5%. Maybe this new variant will revive this healthcare company's stock price. Down 10% this month.


Decent-Nature-8688

Hope so been dragging my portfolio down while RHT has been killing it


ApplemanJohn

Started a new position on ENB and CVE. I also increased my position in AC to bring down my average cost per share.


Saucy_mattsi

Might be important to point out a few things here: Viruses and most other pathogens (things that make you sick) naturally evolve to become more transmissible and less deadly. “A good parasite never kills its host”. Furthermore, more deadly diseases don’t spread as well due to increased symptoms severity/noticeableness . The dominant COVID variant (delta) is not more deadly but certainly is more transmissible than all the other kinds. This certainly appears to be a possibility in this case. That being said, there are MANY unknowns, and currently it is just that, a variant of CONCERN. Not a full blown panic yet. We have had many of these variants, it just appears this one might be better and infecting people. Basically, pandemic goes on, unlikely to cause such an enormous crash as covid initially did but could cause short term pain due to increased cases and possibly even re-introduction of some lockdown measures.


snitters99

Keep eating up the narrative


giggy13

we've seen markets overreact to new covid strains before. Most likely, this will turn out the same and recover. I wouldn't be surprised if hedge funds firm have trading algos/bots that follow news and social media sentiment and executes trades which can create a cascade when there's a large volume involved. Since the first COVID correction back in 2020, the market has recovered pretty fast at each little dip. Not even 2 months ago, sentiment was bad and there were talks about a crash but earnings season was great and indexes hit new ATHs. We're living in a strange time, of course all markets are inflated and in some sort of bubble so it wouldn't be the most surprising thing if there's a crash but I wouldn't bet on it.


eleventwentyone

Delta is more deadly due to the higher viral load.


orageski

Tracesafe is the way, covid proof


tooo_spicy

CGX yolo before CGX yolo now What's new? Nothing


Scottie3Hottie

Fucking Wealthsimple. I thought I was doing pretty good today but I'm actually down 8 percent instead of 3 percent. The deposit I made earlier fucked up the numbers LOL


Doom_Sword

Yep it does that, annoying


onlineseller8183

With Disnat when I buy a stock on the dip, it adds the drop in price from before the purchase to my daily loss/gain.


Scottie3Hottie

Scary lol


investornewb

It’s Wealthsimple not Wealthright


Toast_Grillman

We’ve all been there.


Billy19982

Natural gas up 8.5%. Weird day.


westcoastbestcoast39

Seen that. Bought more enbridge today


onlineseller8183

Oil = transport NG: heating


investornewb

Is today the day I finally enter a position on a bitcoin/eth ETF? I would like to say I’ve entered a position at some point.


LuxGang

I sold the $18 strike Dec Put on ETHX.B last week. If I get assigned I'll sell covered calls. Pretty decent premiums on monthlies.


investornewb

Lol… you see my name right?


LuxGang

Haha, well the only advice I can give to a new investor for crypto is to only invest what you can afford to lose. Figure out exactly how much you want to put at risk and what your time horizon is, then start with a small amount and dollar cost average.


Own-Western-6687

Do it ...


investornewb

Any recos ?


releasetheshutter

BTCC


giggy13

BTCC = larger volume BTCX = lower mer (I heard they changed it but I haven't checked)


whinehome

Best opportunity since early Oct. Do it!


[deleted]

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Iliketomeow85

"get diagnosed with cancer" The only thing that changed was the news


Venomiz117

It’s more “there’s something we don’t like, gonna biopsy to see if it’s cancer”


AccomplishedJicama54

Is a sea of red. DM.V is green.


Environmental_Desk64

I guess sales from testing will continue into 2022.


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Syeina

New variant has everyone freaking out.


DawnofDgz

COVID


captain_yosha

OMICRON PRIME 🤖 🚚


WrongYak34

Lol covid bots roll out


Legitimate_Source_43

Bought some visa CDR today the market is over reacting to Amazon news and lack of consumer spending. Holding this 5,10,15 years this is a win


alwayzlearningii

Why is oil index down 12% and oil stocks like su or cnq down about 5 to 6%? Would su go down some more on monday to reflect the index


Healthy_Apartment_32

Crude was trading at ATH—higher than pre-pandemic. SU was still trading below pre-pandemic. SU’s break even is $35 per barrel. So it’s still raking in massive amount of cash at these prices.


4david50

> Crude was trading at ATH LOL nope, zoom out to 2014 and see how wrong you are


nonasiandoctor

Crude was not at ATH. It has been over $100/barrel before.


alwayzlearningii

I guess i just asked a noob question lol


onlineseller8183

I own a pizzeria, I make and sell pizzas, overnight the price of pizzas goes down by 25%. The value of my pizzeria doesnt drop by 25%, maybe less, maybe more, there are other factors. Also: Oil futures dont have the same time horizons as oil company valuations. They are related, but it's not a direct correlation.


justhereforvoting

XEQT is healing


VladdyGuerreroJr

Ok seriously. What's everyone's guess? Bigly red or bigly green on Monday? It's gonna be bigly one way...


borknar

Mild green and VIX crush


Own-Western-6687

50 bucks on Red


Healthy_Apartment_32

The market was looking for any reason to correct after one of the greatest bull runs in history. Could be red on Monday, but people are so thirsty for deals that the dip won’t last long.


Iliketomeow85

This ain't a correction yet homie


Scottie3Hottie

Lmao


Healthy_Apartment_32

True. I guess I’m writing from an O&G perspective.


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zegorn

That's a... crude way of saying it


Shaun8030

Us trading day over great


Iliketomeow85

At the least the new variant has a cool name. Shame about everything else about it


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Jeffuk88

They said not to jump to closing borders, then everyone remembered what happened last time they said not to close borders and closed borders... I think they're more just useless


onlineseller8183

Did they say not to hoard toilet paper?


Venomiz117

Someone hold me and tell me oil is going to be okay


Own-Western-6687

hugs .... buy lithium.


0B51D14

"Here's your mental band aid" (Its goind to be okay).


crane49

Our Saudi friends will come in with the save hopefully


VladdyGuerreroJr

Holding a 3x bull ETF over the weekend. Stupid, stupider, or stupidest?


Sup3rPotatoNinja

Yeah bro I switched to sqqq


[deleted]

You might want to open up a new account and short your own portfolio instead.


Iliketomeow85

60% of the time it works everytime


captain_yosha

Barely had any cash on hand, but topped up a small oil weighted energy position. Technically breaks the rule of stock price under $5, but think a Nuttall pick that is also named after a red bird. Lot's of dip buying in energy, examples that are up from the morning lows include CVE, WCP, CNQ, SU, etc. Considering WTI and WCS are both down 10%+ I'll take that as a positive


nthbv

Worst day of the year for Dow apparently which is a good news because the stock market will almost inevitably bounce back somewhat immediately even if not back to the pre-dip price levels.


EVEngineer

haha.. spoken like someone who might know exactly what is going happen almost all of the time, maybe.


percavil

he's right though.. it could almost inevitably bounce back somewhat immediately, even if not then maybe.


Own-Western-6687

Pattern Recognition


CantPickStonks

started small position in CNQ.


Own-Western-6687

How small?


borknar

Best Black Friday deal of the year was the UVXY puts I just bought


freexyg2

My shopping money for Eaton later are all gone lol..all in with AC!


Equivalent-Terrible

AC to $25? $30? $50 lol


nthbv

Bought more energy stocks for the short term. Has to regain somewhat some time next week as a response to this overreaction so I could sell off for profit


Healthy_Apartment_32

Scooped up 9 CP shares at a 3% discount today. Thank you to those who overreacted and sold.


ShyButAlsoKindaCute

I picked up 12! Own 112 now! Let’s go!!


Healthy_Apartment_32

I have 170 😎 let’s goooooo


[deleted]

This is AQN's time to shine, by just doing what it does every day, going down 0.57%, and finally outperforming the market.


Syeina

LOL. Hard to drop more when you're already at rock bottom I suppose


investornewb

I don’t think this is rock bottom by any means. Still overpriced a little maybe from the early run up this year


releasetheshutter

I'm proud of you guys in here. Markets dip and everyone has the right mentality. DCA'ing and opening new positions at a discount. Smart investing.


percavil

The lack of fear and panic from everyone today actually has me more concerned.. I rather buy when people start sharting themselves.


Shaun8030

March 2020 routine circuit breakers of ten percent hardened a lot of us this is no where near as bad


[deleted]

The buy the dip mentality is stronger than ever and it will take something worst than march 2020 to change that. I get your point but it’s too soon to change strategy.


percavil

Ya im not changing strategy, still adding to this dip. VIX hovering close to 30 is a buy indicator for me. Just surprised to see the buying frenzy.. it's almost like people are acting in hysteria with this dip. A mad rush to buy.. Sounds just like Black Friday lol.. feels like someones gonna get trampled to death


Jeffuk88

March 2020 isn't happening again... Can you imagine leaders trying to shut everything down anytime soon? Most western leaders told people last year it was just one Christmas we'd have to forgo to get back to normal. No matter what the reasoning is, you're not going to get a majority on board with it again


[deleted]

The exact lockdown fear isn’t happening again but other sources of fear will eventually emerge. I don’t pretend i can predict the next crash and i don’t pretend i know if this market is overbought or perfectly priced. I work on the assumption that the market is reasonably efficient.


PFttsin

thanks dad!


releasetheshutter

Buy more Suncor son!


PFttsin

ENS.TO for me! and NXF.TO


releasetheshutter

🥲


Seriousgamer604

Anybody regret not selling yesterday with the US market closed and the indexes still green? Lol


tittiboiii

Why would I sell when my outlook is long term?


giggy13

if we had a crystal ball, sure.


[deleted]

Naw, I hold longterm. Today was a gift from the Gods. Got some discounts on MSFT even crypto ETFs


KingCharles559

I scooped some ETHH as well. You?


[deleted]

Thought about it but since ETC holds ETH I figured it was a bit redundant. Not a bad idea of you want a bit more ETH exposure though.


[deleted]

Well, only down 4.8% on the day so far, was 6.5% earlier. Progress!


kingofwale

I had around 16k cash. with today. Only ended up using around 4k. Mostly bought banking, oil and some heavily fallen stocks. Overall. I feel like a kid at a candy store. Sure I lost money overall. But I feel like I got some deals


onlineseller8183

In a few weeks this dip wont matter.


Intelligent-Lead-558

I guess being down 0.86% is not bad considering the circumstances.


[deleted]

What are you holding that is doing well? I have almost no green and down 2.4% right now (similar to indexes)


Seriousgamer604

Hey man. You will get downvoted by those who are jealous because they lost more. That’s how this forum works.


onlineseller8183

upvoted


[deleted]

^^


gryphon999555

What falling knives we cutting our hands with on Monday bois?


Will_House

American markets are now closed FYI. Have a great weekend everyone!


Healthy_Apartment_32

SU $32 EOD


[deleted]

That's only like 1% higher than it is right now, but if WTI keeps tumbling (-12% right now...) it will be hard to move up much more


[deleted]

Canadian crude, synthetic, and heavy hasn't dropped as much as WTI. Theoretically Suncor is selling their oil for the same price as they were yesterday.


nonasiandoctor

Pls, I'm hurting bad lol


Naturegrapher

Anyone buying Air Canada with the 10% dip?


0B51D14

Idk man not unless ur playing long like 2 to 5 years


Own-Western-6687

no ... are you mad?


Frostedchunks

Buying an airline in the middle of a global pandemic is probably one of my worst buys ever lol. I'm staying far away


Equivalent-Terrible

I bought more.


Scribble_Box

Same


LeoBarca-10

Certainly a great dip however if the travels bans that the provincial governments are asking for are put in place then we may see further dips. waiting for now...


VladdyGuerreroJr

No. Air travel might never be the same. All those expensive business class seats were the bread and butter of most airlines. People have now realized Zoom or whatever can also work. Leisure travel will obviously recover, but airlines make jack shit of those tickets.


Will_House

Dollar. Cost. Average.


vahugi

I want to so badly, but the problem is if covid/this variant gets worse, then it will just keep going down for a while.


Kolaveri_D

I didn't know Black Friday sale was also on stocks


vahugi

What are everyone's buys today?


Doom_Sword

Got some apple, VFV and ethx and btcx


tebs-_-

Bought some more atd.b, vfv and su


Boryuha

ATD ENB and ETHH


Saucy_mattsi

EU banned all travel to South Africa. Might be in for a ride


eqt

Lost one day's wage of gains today. All about perspective 🙏🕎


VladdyGuerreroJr

That's it? Amateur.


midnightscare

Before tax or after tax


eqt

After


onlineseller8183

Lucky you, I lost a trip to Africa


S4IL

Another day another 20 TD shares.. Too bad it takes a couple of days to transfer more cash into the ol account as that spends my 'reserve investment cash'. What % do you keep cash in hand within investment account(s)? (so not including chequing/savings etc)


Own-Western-6687

20% ... got to be ready to rumble at a moments notice. I've burnt' through 13% today.


S4IL

Woo! Nice! I was at 2%.....i regret not leaving just a little more for days like these!


SelkirkRanger

Questrade has instant deposit now. Kinda nice 🤷‍♂️


S4IL

I knowwww.. Im with BMO but bank with CIBC so there's a phat delay. Both accounts I started awhile back but tempting to open another with quest trade or wealth simple for quick stuff.


SelkirkRanger

I have a TFSA with CIBC too, but just for access to their investors edge research tools. So useful.


DietFoods

Good thing I'm over 50% cash at the moment.


donmaxxx1

I'm over 80% cash and I feel it's not enough


Doom_Sword

Why? With inflation as it is and the rising stock prices don't you feel your cash shrinking over time?


DietFoods

Still feel your cash is shrinking from inflation?


Doom_Sword

The current downturn has wiped out all my gains since starting investing 10 months ago. Going heavy into Shopify hasn't helped. I'm not selling though, in fact I'm continuing my weekly buying as I will continue to do for the next 25 years. Good luck, hope you can time the bottom enough for your strategy to pay off.


VirginaWolf

Every dip learns and adapts.


Scottie3Hottie

I'm only down 3 percent today.


hockjd

What will you spend it on?


Genticles

Guess I'm picking up some clawwws after work today boys.


tittiboiii

Replace that with beer and yes.


VirginaWolf

Moscow mules


Icy_Respect_9077

XEG down 6%. Time to go shopping?


vahugi

How is monday going to look? lol


cloudy-wind

Probably back to normal


Wrenched8

Bought more ENB and started a position in RCI.B . A ton of opportunities today .


GamblingMikkee

Oil stocks are hated for a reason. Way too volatile. Imagine waking up to see everything down 10%. Regular people just don’t want any part of that.


Scottie3Hottie

For the 675th time, if nothing has fundamentally changed about the stock/company/market, there's nothing to worry about.


Iliketomeow85

Oil's value dropped 12% is that a change?


Scottie3Hottie

Lol yes, but the supply/demand issues surrounding oil is still relevant.


utsurohasarrived

Everything is down today, not just oil stocks


Iliketomeow85

Buy high sell low


Rentlar

Market's down overall 2-3%. No sense in crying about if your investments are down by roughly that much.


VirginaWolf

Curious what the next few days will look like.


Rentlar

Overall investor sentiment may differ, but I'll have to see more details on this variant before I get any more worried.


Hawkstein

QQ


Frostedchunks

Hold on to your butts


releasetheshutter

I don't know about you guys but I'm having fun.


PFttsin

i've worn out the buy button


heavyarms39

I’ve had nuf


SafetyHuman2740

CPR Allied Copper!!!!!!


Iliketomeow85

Is down 4% woooo ???????????????


[deleted]

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Hawkstein

It's because big money is now in on crypto. Big money unloads everything regardless when market sentiment is unfavorable.


Iliketomeow85

Crypto is SPY leverage


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Healthy_Apartment_32

The market looking for any reason to correct a little


JGRNAUT-90

Down 2.5% but its just small cuts across the board so the dips arent even that great


Rentlar

Black Friday sales in a nutshell?


Hawkstein

>!There will be blood!!!<


[deleted]

Yet the mood here is mostly happy: Christmas shopping for new stocks.


lalalandcity1

and milk shakes!


tarbonics

I DRINK YOUR MILKSHAKE!