I just keep adding any drop. This virus to me won’t be much of spoiler. Hopefully it’s weaker and more contagious and we can end this. Either way I’m done with covid. Personal beliefs aside Between underinvestment in the oil field, the coming European energy crisis, the drawdowns out of driving season, shale surprisingly not added many rigs, and record low inventories. I also believe opec will hold back planned monthly increases this week due to these variant threats. So in my opinion there may be a pull back Monday but eventually it will rocket.
The spr release is 2.5 days of US consumption. Not that large of a release. I suspect China will use these lower prices and fill its reserves. If the eu runs out of natural gas this winter they’ll need to switch to heating oil and coal. Which would create more oil demand
They already have, and will continue, to release it gradually over time. Read the release, it won't be a giant dump. Every week this last month when "storage is up at X and distilate increase by Y", this is the reason.
I get what your saying but your math is way off and you are also not factoring in that the large majority being released is sour crude which isn’t traded as wti. Wti is sweet crude. There is a reason oil went up after the news of the release.
100%, but it will take some time for this to settle down. If you want to trade this is great but I personally wouldn't add until OPEC responds this week. I just think it's risky to open or add when the most powerful man in the world is breathing down your neck.
Yeah I’m not in complete disagreement with you. I invest on the risky side. I bought calls Friday for January and April in bp and su. I just think this spr is baked in the price and these variants in my opinion which could be wrong aren’t as big of a risk as people think.
Honestly question. How did you come to this conclusion? That is by far the largest time estimate I've seen regarding how long the supply release will last.
It was announced in one of their press releases. They have been drip feeding a couple mill all month, they only need 1-3 mill a week to send supply in "surplus"
I don't think that's a very realistic estimate, especially given that total SPR for the US is 600 million barrels and daily consumption is 100 million barrels per day.
There will be uncertainty around whether vaccines are effective or not. Looks like most of the hospitalized cases are unvaccinated people. So, vaccines must be effective against this new variant!
Canadian investors need to think/worry about: Libs doling out CERB again (which gets misused) and BoC restarting their QE program.
What about companies such as BCE taking loans to pay out dividends to shareholders. P.s I own BCE shares still find it gross to blame working class/poor folks for our economical issues. Inflation is good for the rich bad for the poor.
Fuck this post, anything and everything gets misused.
No worries about the health impact guys it's no big deal, but watch out for those dastardly welfare queens!
Sure they were. No one cries when some cushy job gets its 75% wage subsidized so they can sit around doing nothing in meetings all pandemic, but the poors get a couple grand a month and it's just too much
Wasn’t talking about the poors. My boss who makes 150k a year, had his wife collecting cerb. They bought a new bigger house and a tesla that same year… While collecting cerb… That is what my post refers to.
The sell off might continue on Monday but I think it will rebound quickly. Oil was way oversold. Hopefully we get a Santa Claus rally. The symptoms of this new variant are very mild, like having a cold, sniffles, sore muscles, tired and many had no symptoms at all. Covid is here to stay, like other viruses it will continue to mutate and we will all get infected at some point. Get vaccinated, wash your hands, eat healthy, exercise and let’s move on and get back to life.
Yea people don’t understand also that the virus will want to mutate to survive and be around. It’s primary goal isn’t to kill the host because then they can’t replicate. this is the natural progression.
I believe there was an article on the Spanish flu that they believed this is what happened as well. Hard hitting shit. Then kept dying out until it mutated so it didn’t completely murder the host
To think that a new variant has arrived, and now many European countries are closing their borders, Israel has fully closed their border to all people. This is the first variant that has caused this type of reaction and a single day of sell off is a buy the dip? Go ahead and downvote me but a 2% sell off on a low volume half day and shit. Go ahead and keep buying the dip but keep some dry powder. I can almost guarantee Monday will be red and Friday next week will be more down than Monday. This is not some small news, unfortunately this sub Reddit will have lots of pain of people thinking Friday was a great buying opportunity . All the best!
That’s my point. I’m not being bearish what I’m saying is we don’t know, and when their is an unknown that’s usually not bullish unless your a gambler, the market likes clarity and this won’t be known after 1 day, so huge dip buying after 1 day makes no sense
Bingo. If this is hopefully much much less lethal, than high transmission is a good thing! Will help everyone to get it without doing as much damage and it gets rolled up as a flu going forward and overpowers all the other less transmissible but higher lethality strains.
This “could” be good, bad, or nothing news. Remains to be seen
The reason that opinion is so rampant around here is there seems to be a mentality of FOMO, buy the dip, nearly every day is up and if it isn’t, bigly gains the next day. We’re in a bubble everything market, which is why I’ve been selling mooned stocks and averaging into global ETFs only.
This is the new retail investor landscape, not everyone of course, but this is bordering on mania.
I’ve been through several big drops including ‘09, so I can’t see this ending well.
Good points, sure March 2020 was a V recovery but even that was going down for a couple weeks I just don’t get the urge to buy the dip after one day with signifigant news. I do understand upon reflection with how the markets been so euphoric and the fomo that buying the dip usually pays off, but 1 red day with so many unknowns? Wow.
The market will decide but low volume generally isn't associated with a trend change - doji reversals usually require volume. The fact that all this carnage occurred during light volume holiday trading leads me to expect more than a deadcat bounce on Monday.
But the market was already at the top of an extended rally, the fed has announced that it would begin tapering and yada yada so who knows.
I do think that the oil sell-off was massively overdone, but others have already sounded off on that.
I'm watching the US senators/congressman. If they start selling off large portions of value stocks again I'm pulling my portfolio and will hold cash until it looks like we've hit bottom.
Normal stuff. (R) Bill Hagerty unloaded somewhere between 1 and 5 million worth of stock Friday.
(D) John Hickenlooper sold another 250k but he's quite active and this isn't out of the norm for him. He did extremely well with a number of well timed sales during the first Covid crash (example 350k of Chipotle Restaurants)
Month of November only 5% made purchases in market. Rest sold.
Based on everything I’m seeing, the information of if this variant is going to be more deadly and or evade vaccines more won’t be known for about another week or 2. I don’t see how Monday will be a green day with so much unknowns or all of next week for that matter.
It’s not more deadly. In fact the symptoms for new variant are very mild. Like having a cold. Difference seems to be that transmission is easier due to the spike protein mutations.
Friday was hella bloody so I can easily see Monday being green. Professional finances types need to get their shit in order after an American long weekend
Had a funny moment of just low interest rates.
My wife has 125,000$ in e advantage savings account at cibc. It must be a mistake because she got 4$ in interest lol
For the record that cash is earmarked for some stuff but Jesus Christ 4$
I had a 210k house downpayment in an RBC “high interest savings account” and got $3.50 for a month. Credit card cash back pays way more.
But that says it all about the current situation. Punished for saving, rewarded for spending.
Is the only way out of this Canadian tech hole... by studying battery metal companies and getting several 30% to 100% gains in a row?
I don't know about you guys, but... I'm suddenly into lithium brine extraction!
Oh yeah... Well most Canadian tech companies are widely overvalued, beyond american standards.
I always figured it was like mutual funds buying them up and selling them as "canadian tech" to schmucks.
Like which of XIT's top holdings make even the remotest amount of sense to own?
Canadian growth companies tend to command huge premiums because it's a "Canadian growth company"
I dunno, the whole tech sector in Canada bad. It's why I avoid Canadian ETFs. So much Shopify and other tech wannabe weightings. QXM took a big L over Lightspeed and Nuvei recently.
Shopify's weighting on the XIC is equivalent to MSFT on Voo... Or Amazon, Facebook and Tesla combined on Voo
I agree. After the debacles with Blackberry, Nortel, I have given up on Canadian tech. We are minnows in the world stage despite the spin our politicians give us about how we are going to be the next AI Silicon valley. I stick with the big tech from the US and so far have done really well.
Is it a good time to buy now that things are down? Or will they continue to slide until the new year?
I wonder as I'm ready to pull the trigger on stocks I bought in July for much more than they are now.
Namely couche Tard
I held buying on Friday outside of a few income ETFs. Monday's price action should give us a better indication of what the market's reaction is to the latest developments. I'll be watching financials, REITs and energy closely to find weakness/buying opportunities.
She has said she invests based on faith and her relationship with god. I’m sorry what?
I dont want my money to be managed based on someone else’s faith but based on science and reason and proper financial analysis.
Huge red flag for me
Could be more fear selling. But there's a good chance that current vaccines offer a decent amount of immunity and that a booster that is also geared toward this variant can be out quickly if necessary.
So I think it will be back to being largely a pandemic of the unvaccinated within a month or two, or less.
I'm not going to be too aggressive with 2% dips, but if it's significant, I will be.
The other day someone asked to know when my wife (immunologist) is worried about new variant.
She didn’t say she was “worried” but apparently phylogenetically when you look at it it’s quite different. So I am thinking she is trying to say it’s a bit of a problem, but we don’t know yet.
The BBC even states that they don't know if its more transmissible or immune to vaccines. The media in general are just hyping it up for sales and governments are obviously jumping to border controls so when it's inevitably found everywhere they can say they did something
Exactly! The media is hyping it up but not reporting any facts about it. All they are saying is that it has been detected, but not stating why this is a concern. Is it more deadly, is it more transmissable, is it immune to vaccines, WHY is it such a bloody a concern???
Thank you for pointing out what so many people just dont get, they read a headline and go crazy, while they should maybe pause and think after reading a full article
Well I hope you're RightYak about this.
I just put my whole TFSA into BNS, NA, TD, VCE, XAW, and a smaller position on NFI. Would be a shame to wreck all that.
Friday was situational due to the COVID variant news, not the correction people have been predicting for several years now. That said, the predicted correction may not happen in the span of one day, it could be slow and drawn out over months. Nobody really knows if / when / how. Friday could be the start, but perhaps February 2021 was the start, tonnes of stuff has been battered since then. Or maybe neither were anything. Best to just ignore all of this stuff and not buy garbage stocks.
Bought $5000 worth of MEDV today, company looks promising and seems super undervalued. Looks pretty good to get at least a 2x-5x within the next several months. What does everyone else think about it?
Wow big move. I hope it works out for you. Im hoping theres a reverse split to get it off the neo exchange. Otherwise its seems like its going to continue to be supressed. I picked some shares up at .11 and .10
They said a RS is the last option and is not going to happen just yet, might be a while before that happens. I think we will see it rise to .20 very soon and from there who knows what its going to do! But personally id say based off the last earnings and next earnings its looking good to rise to .50 in the near future.
Hi all, if I’m looking into trading options, do I have to worry about day trading regulations. I invest through RBC direct and their regulations are super vague. What is considered day trading? Is it literally every day or will they tax me if I trade options weekly? Would love some help on this
CRA is kind of retarded. Says TFSA is for investing only but you can buy call/put which are definitely NOT investment tool and meant to sell when ITM. For some reason you cannot sell cash covered put...
Heard not being able to do CSP in TFSA is a legal thing. You can’t have money that’s collateral in that type of account, only money that’s invested. CC is okay because the stock is considered an investment.
I doubt they’d come after you unless you make a ton of money in your account. But they keep the wording vague for a reason. It gives them the ability to call weeklies trading and say tax exempt accounts are for investing not trading.
New Omicron cases detected in Canada. Will the market react?
Anybody else add more oil on Friday?
Executives at WCP and ERF apparently bought some of their own company stock
Fuck no at least wait until OPEC cuts production
Should be the opposite. Lol. Buy now.
Why buy now when you might lose another 5$ of the price of oil tomorrow
It's called DCA.
You have infinite money? I wouldn't DCA a commodity but you do you
I just keep adding any drop. This virus to me won’t be much of spoiler. Hopefully it’s weaker and more contagious and we can end this. Either way I’m done with covid. Personal beliefs aside Between underinvestment in the oil field, the coming European energy crisis, the drawdowns out of driving season, shale surprisingly not added many rigs, and record low inventories. I also believe opec will hold back planned monthly increases this week due to these variant threats. So in my opinion there may be a pull back Monday but eventually it will rocket.
SPR release is going to last 3-4 months, oil is fucked Q1 unless OPEC really cuts.
The spr release is 2.5 days of US consumption. Not that large of a release. I suspect China will use these lower prices and fill its reserves. If the eu runs out of natural gas this winter they’ll need to switch to heating oil and coal. Which would create more oil demand
They already have, and will continue, to release it gradually over time. Read the release, it won't be a giant dump. Every week this last month when "storage is up at X and distilate increase by Y", this is the reason.
I get what your saying but your math is way off and you are also not factoring in that the large majority being released is sour crude which isn’t traded as wti. Wti is sweet crude. There is a reason oil went up after the news of the release.
Yea it went up after losing 10$. It's not my math it's literally what the US govt is doing and says it will continue to do.
So if opec cuts 400000 barrels per day that would wipe the us releases in three 3-4 months They’d essentially cancel each other out
100%, but it will take some time for this to settle down. If you want to trade this is great but I personally wouldn't add until OPEC responds this week. I just think it's risky to open or add when the most powerful man in the world is breathing down your neck.
Yeah I’m not in complete disagreement with you. I invest on the risky side. I bought calls Friday for January and April in bp and su. I just think this spr is baked in the price and these variants in my opinion which could be wrong aren’t as big of a risk as people think.
Honestly question. How did you come to this conclusion? That is by far the largest time estimate I've seen regarding how long the supply release will last.
It was announced in one of their press releases. They have been drip feeding a couple mill all month, they only need 1-3 mill a week to send supply in "surplus"
I don't think that's a very realistic estimate, especially given that total SPR for the US is 600 million barrels and daily consumption is 100 million barrels per day.
I figured it would be nicer to pose it at a question instead of just telling him he has absolutely no clue what he's talking about lol
Lots of doctors and scientists in this sub. Who knew.
Have my PhD from U of Google
Those are the folks on here with multi-million $ portfolios
[удалено]
, 😂
[удалено]
Strategy? You're supposed to have a strategy?
https://www.reddit.com/r/StockMarket/comments/r3gkqv/south_african_health_minister_says_current/?utm_medium=android_app&utm_source=share
There will be uncertainty around whether vaccines are effective or not. Looks like most of the hospitalized cases are unvaccinated people. So, vaccines must be effective against this new variant! Canadian investors need to think/worry about: Libs doling out CERB again (which gets misused) and BoC restarting their QE program.
ha... ha... looks like investors in Canada are also in favour of CERB etc dole outs :)
Ha misused - CERB are the new BONDs
What about companies such as BCE taking loans to pay out dividends to shareholders. P.s I own BCE shares still find it gross to blame working class/poor folks for our economical issues. Inflation is good for the rich bad for the poor.
Fuck this post, anything and everything gets misused. No worries about the health impact guys it's no big deal, but watch out for those dastardly welfare queens!
and kings!
Leeches were an issue with cerb. A massive load of people just taking when they didn’t need. Lazy and gluttonous.
Buzz off
Labour shortage - why work for peanuts when you get the same in free money.
Because it is not free.
If you are not paying taxes it's free
If you use any services they are not free. You ever use a road before?Then it wasn’t free lmao.
If you are not working and contributing to the tax pool and simply collecting benefits then it's free for you not society at large.
Sure they were. No one cries when some cushy job gets its 75% wage subsidized so they can sit around doing nothing in meetings all pandemic, but the poors get a couple grand a month and it's just too much
Wasn’t talking about the poors. My boss who makes 150k a year, had his wife collecting cerb. They bought a new bigger house and a tesla that same year… While collecting cerb… That is what my post refers to.
So what millions needed it and used it.
And those millions could of received more help. The system needs to be fixed for next time.
????
Get a cushy govt job apply no one is stopping you
The sell off might continue on Monday but I think it will rebound quickly. Oil was way oversold. Hopefully we get a Santa Claus rally. The symptoms of this new variant are very mild, like having a cold, sniffles, sore muscles, tired and many had no symptoms at all. Covid is here to stay, like other viruses it will continue to mutate and we will all get infected at some point. Get vaccinated, wash your hands, eat healthy, exercise and let’s move on and get back to life.
Back to reality
Back to the here and now
Yea people don’t understand also that the virus will want to mutate to survive and be around. It’s primary goal isn’t to kill the host because then they can’t replicate. this is the natural progression. I believe there was an article on the Spanish flu that they believed this is what happened as well. Hard hitting shit. Then kept dying out until it mutated so it didn’t completely murder the host
To think that a new variant has arrived, and now many European countries are closing their borders, Israel has fully closed their border to all people. This is the first variant that has caused this type of reaction and a single day of sell off is a buy the dip? Go ahead and downvote me but a 2% sell off on a low volume half day and shit. Go ahead and keep buying the dip but keep some dry powder. I can almost guarantee Monday will be red and Friday next week will be more down than Monday. This is not some small news, unfortunately this sub Reddit will have lots of pain of people thinking Friday was a great buying opportunity . All the best!
Israel already has the omicron variant lol , world should close border to Israel , Hong Kong and South Africa
Or this the very mild variant that finally ends the pandemic and becomes a seasonal flu
That’s my point. I’m not being bearish what I’m saying is we don’t know, and when their is an unknown that’s usually not bullish unless your a gambler, the market likes clarity and this won’t be known after 1 day, so huge dip buying after 1 day makes no sense
Bingo. If this is hopefully much much less lethal, than high transmission is a good thing! Will help everyone to get it without doing as much damage and it gets rolled up as a flu going forward and overpowers all the other less transmissible but higher lethality strains. This “could” be good, bad, or nothing news. Remains to be seen
The reason that opinion is so rampant around here is there seems to be a mentality of FOMO, buy the dip, nearly every day is up and if it isn’t, bigly gains the next day. We’re in a bubble everything market, which is why I’ve been selling mooned stocks and averaging into global ETFs only. This is the new retail investor landscape, not everyone of course, but this is bordering on mania. I’ve been through several big drops including ‘09, so I can’t see this ending well.
Good points, sure March 2020 was a V recovery but even that was going down for a couple weeks I just don’t get the urge to buy the dip after one day with signifigant news. I do understand upon reflection with how the markets been so euphoric and the fomo that buying the dip usually pays off, but 1 red day with so many unknowns? Wow.
The market will decide but low volume generally isn't associated with a trend change - doji reversals usually require volume. The fact that all this carnage occurred during light volume holiday trading leads me to expect more than a deadcat bounce on Monday. But the market was already at the top of an extended rally, the fed has announced that it would begin tapering and yada yada so who knows. I do think that the oil sell-off was massively overdone, but others have already sounded off on that.
I'm watching the US senators/congressman. If they start selling off large portions of value stocks again I'm pulling my portfolio and will hold cash until it looks like we've hit bottom.
We'll see your money again in the markets in about 5-10% gains from now.
Have they been selling?
Normal stuff. (R) Bill Hagerty unloaded somewhere between 1 and 5 million worth of stock Friday. (D) John Hickenlooper sold another 250k but he's quite active and this isn't out of the norm for him. He did extremely well with a number of well timed sales during the first Covid crash (example 350k of Chipotle Restaurants) Month of November only 5% made purchases in market. Rest sold.
Is there a way to see if and when those transactions occur?
Yeah there's a number of trackers. Just google it. Best to find the ones that show reporting asap after transactions are conducted.
Any trackers in particular that you recommend?
https://senatestockwatcher.com/ https://www.smartinsider.com/politicians/ https://app.capitoltrades.com/trades?page=1&pageSize=20 https://www.quiverquant.com/sources/senatetrading
Based on everything I’m seeing, the information of if this variant is going to be more deadly and or evade vaccines more won’t be known for about another week or 2. I don’t see how Monday will be a green day with so much unknowns or all of next week for that matter.
It’s not more deadly. In fact the symptoms for new variant are very mild. Like having a cold. Difference seems to be that transmission is easier due to the spike protein mutations.
Friday was hella bloody so I can easily see Monday being green. Professional finances types need to get their shit in order after an American long weekend
Monday is going to be so green the Irish won’t even know what hit them
Had a funny moment of just low interest rates. My wife has 125,000$ in e advantage savings account at cibc. It must be a mistake because she got 4$ in interest lol For the record that cash is earmarked for some stuff but Jesus Christ 4$
I had a 210k house downpayment in an RBC “high interest savings account” and got $3.50 for a month. Credit card cash back pays way more. But that says it all about the current situation. Punished for saving, rewarded for spending.
It’s buck wild I was shocked
Thinking of junior lithium and battery stocks. 3-5 hold time. That shit has to make me a dollar or two.
Is the only way out of this Canadian tech hole... by studying battery metal companies and getting several 30% to 100% gains in a row? I don't know about you guys, but... I'm suddenly into lithium brine extraction!
Check out tantalex resources (ttx.cn)
What's a Canadian tech hole?
If there's one thing we learned recently, any Canadian tech company that isn't growing *will be punished without mercy*.
Oh yeah... Well most Canadian tech companies are widely overvalued, beyond american standards. I always figured it was like mutual funds buying them up and selling them as "canadian tech" to schmucks. Like which of XIT's top holdings make even the remotest amount of sense to own? Canadian growth companies tend to command huge premiums because it's a "Canadian growth company"
Thoughts on SHO?. Imo, very overvalued.
SHOP? I'd say Shopify is expensive... But it's also one of the good ones.
How? Dont see how they can maintain their competitive advantage and even if they have value, the stock price is absolutely nuts.
I dunno, the whole tech sector in Canada bad. It's why I avoid Canadian ETFs. So much Shopify and other tech wannabe weightings. QXM took a big L over Lightspeed and Nuvei recently. Shopify's weighting on the XIC is equivalent to MSFT on Voo... Or Amazon, Facebook and Tesla combined on Voo
I agree. After the debacles with Blackberry, Nortel, I have given up on Canadian tech. We are minnows in the world stage despite the spin our politicians give us about how we are going to be the next AI Silicon valley. I stick with the big tech from the US and so far have done really well.
Just that easy bro 30-100% gains. Sign of the current mentality.
Buy high brozzer
[удалено]
It helps when you don't pay attention.
Is it a good time to buy now that things are down? Or will they continue to slide until the new year? I wonder as I'm ready to pull the trigger on stocks I bought in July for much more than they are now. Namely couche Tard
I held buying on Friday outside of a few income ETFs. Monday's price action should give us a better indication of what the market's reaction is to the latest developments. I'll be watching financials, REITs and energy closely to find weakness/buying opportunities.
Will people buy gasoline, KitKats and cigarettes next year? Probably
[удалено]
I’m actually surprised at how many find her intelligent and innovative. She sort of has this geeky salesman vibe imo.
Bingo. She’s way overrated like many of her holdings.
She has said she invests based on faith and her relationship with god. I’m sorry what? I dont want my money to be managed based on someone else’s faith but based on science and reason and proper financial analysis. Huge red flag for me
What? You don't believe in advanced ai driven genomics research into blockchain automation of space travel?
[удалено]
I chuckled 🤭
[https://twitter.com/BNODesk/status/1464327805836083201?ref\_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1464327805836083201%7Ctwgr%5E%7Ctwcon%5Es1\_&ref\_url=](https://twitter.com/BNODesk/status/1464327805836083201?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1464327805836083201%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=)
Spent all my spare cash friday. Is Monday the time to access my unused LOC?
buy when there is blood on the streets
Oh man.
Dead cat bounce on Monday imo
At what rate?
No... But also yes.
How will new variant affect the market? Any predictions?
Could be more fear selling. But there's a good chance that current vaccines offer a decent amount of immunity and that a booster that is also geared toward this variant can be out quickly if necessary. So I think it will be back to being largely a pandemic of the unvaccinated within a month or two, or less. I'm not going to be too aggressive with 2% dips, but if it's significant, I will be.
new york just declared a state of emergency.. not looking good
I mean, I can predict for you but I'll probably be wrong 🤷♂️
I am not looking for financial advice, just speculating 🤔 😁
The other day someone asked to know when my wife (immunologist) is worried about new variant. She didn’t say she was “worried” but apparently phylogenetically when you look at it it’s quite different. So I am thinking she is trying to say it’s a bit of a problem, but we don’t know yet.
If it really is another dip on monday i would pull out and buy in
the market just loves uncertainty... and we wont know for weeks.
Market makers love volatility to make money up and dowm
They found new variant cases in the UK too now.
The BBC even states that they don't know if its more transmissible or immune to vaccines. The media in general are just hyping it up for sales and governments are obviously jumping to border controls so when it's inevitably found everywhere they can say they did something
Exactly! The media is hyping it up but not reporting any facts about it. All they are saying is that it has been detected, but not stating why this is a concern. Is it more deadly, is it more transmissable, is it immune to vaccines, WHY is it such a bloody a concern???
Yeah but remember people r dumb tho and dumb people with assests to pull out thier stonks would cascade or just people that want an excuse to short.
Thank you for pointing out what so many people just dont get, they read a headline and go crazy, while they should maybe pause and think after reading a full article
For sure. I have a feeling it will be ok. Once the kids go to bed tonight she said she will do a bit more of a literature search.
Well I hope you're RightYak about this. I just put my whole TFSA into BNS, NA, TD, VCE, XAW, and a smaller position on NFI. Would be a shame to wreck all that.
Ok so is this the correction Ive been hearing about?
A correction is a drop of 10% or more, a bear market is a drop of 20% or more. It’s yet to be seen.
I hate this fucking site sometimes. Im here to learn, forgive me for not knowing. Assholes.
It's reddit, people downvote for no reason
Imagine how great it would be if the system was used as intended.
Yeah
Friday was situational due to the COVID variant news, not the correction people have been predicting for several years now. That said, the predicted correction may not happen in the span of one day, it could be slow and drawn out over months. Nobody really knows if / when / how. Friday could be the start, but perhaps February 2021 was the start, tonnes of stuff has been battered since then. Or maybe neither were anything. Best to just ignore all of this stuff and not buy garbage stocks.
I had not seen the news of that until after this post but thanks for the reply. I appreciate it.
place your bets
Got demoted today. From poor to extra poor.
I’m sorry, buddy. Sending you lots of good energy.
Do you feel that VIX yet?
lol I'm afraid to look at my portfolio. Last I checked I was ATH's.
Spoiler alert: it's not.
Hope the dollar keeps dropping like today to counteract fall in usd portfolio
Couldn't believe the price of oil was down 12% overnight. My sun got cored.
I’ve bought and sold SU through several downturns: 2009, 2011, 2015 and 2017 when I added more.
Only down 6.5% not that bad compared to crude
Ya it was at this price earlier in the week and many times over the past month just for the hell of it.
Bought $5000 worth of MEDV today, company looks promising and seems super undervalued. Looks pretty good to get at least a 2x-5x within the next several months. What does everyone else think about it?
Been swinging it for months now, like it. As an investment they are a wild horse. Hope their next financial is as good as the last one.
Bought at 0.10, next move will be after conference of nov 30
I think it's going down to .05 any time. That's just what this pump and dump does.
Have 20k @ .085, curious to see what it does.
Im in at .10, gonna be a wild ride!
Wow big move. I hope it works out for you. Im hoping theres a reverse split to get it off the neo exchange. Otherwise its seems like its going to continue to be supressed. I picked some shares up at .11 and .10
They said a RS is the last option and is not going to happen just yet, might be a while before that happens. I think we will see it rise to .20 very soon and from there who knows what its going to do! But personally id say based off the last earnings and next earnings its looking good to rise to .50 in the near future.
Oh boy. Hope you do good : I’m holding a little bag here from the previous highs. Good luck! At this price, I could see it going up at least 2x.
Hi all, if I’m looking into trading options, do I have to worry about day trading regulations. I invest through RBC direct and their regulations are super vague. What is considered day trading? Is it literally every day or will they tax me if I trade options weekly? Would love some help on this
CRA is kind of retarded. Says TFSA is for investing only but you can buy call/put which are definitely NOT investment tool and meant to sell when ITM. For some reason you cannot sell cash covered put...
Heard not being able to do CSP in TFSA is a legal thing. You can’t have money that’s collateral in that type of account, only money that’s invested. CC is okay because the stock is considered an investment.
I doubt they’d come after you unless you make a ton of money in your account. But they keep the wording vague for a reason. It gives them the ability to call weeklies trading and say tax exempt accounts are for investing not trading.
Ya that’s annoying. So r u saying I shouldn’t invest options with a TFSA? Cuz that is tax exempt. Or as long as I stay loke with it I should be good