Just started a position in Cargojet CJT.
Just started a position in Cargojet CJT.
Last edited by gibor; 2012-02-06 at 11:56 AM.
TA has worked for me so I tossed it in the ditch today because I won't be around during trading for the next few days so I take my profit today. Overall I am not seeing anything I want to own right now so I will hold my XTR as I have done since early summer and wait until something comes up.
Looking at LIQ if I owned it like I have in the past I might let my profits run but I wouldn't buy it now at these overbought levels. Buying now you may be in for a sizable drop as the games of trading go on. It seems like everything is overbought or starting to drop from overbought levels at this time so for me I am waiting for a better setup to start purchasing again.
Made stupid bet on MFC today.
Bought 100 @ 12.28 for kicks.
Nothing like buying the most shorted stock on the TSX, eh?![]()
Especially considering that you were shorting SLF last week.
Yeah. Dumb move.
I thought I might be able to catch it on a run back to $12.75
If it pops a little bit tomorrow, I will probably sell.
I picked up LIQ back at the start of Dec... Up over 8.25% and monthly div's to boot...I got beat up on another forum for this purchase. Considered holding it till I get a 10% CG gain after my scolding but now I am thinking of holding till I find a better replacement for my discretionary consumer spending stock.... Not that booze is ever cut from discretionary income in bad times or good... Westerners love to drink.
Bought about 900 shares of CJES between Friday and today. This is an oil services stock from Houston with about 200% revenue expansion yoy, 100% income expension yoy, PE 6.8, forward PE 4, down about 50% since IPO in the summer, no debt, EV/EBITDA of 3.
The stock has bottomed out and now has begun to rise. As it is very heavily shorted due to the false idea they are in natural gas fracking (they can do either but are 80% into oil and liquid plays) which may be declining in rig activity. Now that they have sprung there is more and more interest in value investor space I think shorts are going to have to start to cover and this could lead to a quick double which will bring them back in line with competitors in their business on a valuation basis for EBITDA and PE that have more debt and less earnings growth.
I am sure lots of people thought Nortel was a no lose proposition back in the day, or RIM more recently.
I don't buy this stuff cuz I don't understand it. Oh, I could understand it from a technical perspective if I chose to, I am a B. Eng. by training. What I don't understand is why people have to buy this stuff, and why they decide to not buy it one day. I think it most resembles the fashion industry. I usually wear filthy jeans and stained shirts.
hboy43
I think Jobs said this and this is a major factor in how I look at tech to see potential. Every piece of technology eventually becomes a fashion accessory.