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COUNTIN THE BILLIES posted:Not at all. I think the more aggressive price-matching tact that the blue shirts are taking is great in the short term but will eat into margin in the long. Could definitely see shorting. Just don't like anecdotal evidence. Obviously you don't make financial decisions based purely on anecdotal evidence but to completely dismiss the actual experience of going somewhere/using the product is equally shortsighted in my opinion. At least from an ideas generating perspective. Also on BBY, is there any evidence to suggest price matching actual works (haven't researched this)? Do people take up on these offers in large enough numbers for it to make a difference, even in the short term?
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Mar 19, 2013 00:17
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COUNTIN THE BILLIES posted:It broke a major downtrend from September with conviction.  I wouldn't call it that just yet, it has tapped the 50dma before. Though I will say it's been making GBS threads its pants less than usual, and I'll probably be buying soon.. especially if it dips back into the 440s.
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Mar 19, 2013 02:42
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So I've got a question that seems like it might fit in here. I mentioned before about how I was interested in Forex trading, and I have been demoing and learning about it for the past 2 months. I wanted to open up a real account to get a feel for how different it would be working with real money and that is when I hit a snag. Apparently in Alberta, Canada you need to be an Accredited Investor in order to have a retail forex account. The financial requirements are kinda ridiculous such as making over 200k a year or having a net worth over 5 million which i don't meet. I called up the Alberta securties commission and they said what I could do was take the Exempt market securites course through https://www.ifse.ca and then get a job with someone and get registered with them as an advisor/dealer. Thing is, I have a full time job already, and I'm not interested in actually selling or advising investments to people, I just want my own forex account. Anyone know what kind of job (likely commission based) i would be looking for after doing that course just to get through the hoops of getting myself registered?
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Mar 19, 2013 18:08
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You can just tell your broker that you make over $200K. They will let you open the account. Once you have the account open making 200k a year will be easy! There is no way you will lose all your money. Security laws only allow certain securities that don't follow all the reporting rules to be sold to informed investors only, that is why there is a limit because they don't want you to get ripped off. making 200k a year means you would never invest in Madoff or GM or Enron and get swindled out of everything.
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Mar 19, 2013 20:53
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asmallrabbit posted:So I've got a question that seems like it might fit in here. I mentioned before about how I was interested in Forex trading, and I have been demoing and learning about it for the past 2 months. I wanted to open up a real account to get a feel for how different it would be working with real money and that is when I hit a snag. You could just move out of Alberta.
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Mar 19, 2013 23:07
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Looks like gevo, one of my highly speculative stocks, won a critical patent trial. Still might be some upside for when they restart production, which should be very soon. I'll probably buy more if it dips significantly before then 
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Mar 20, 2013 01:28
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koolkal posted:You could just move out of Alberta. Sort of considered this, but I like it here. So it is not really an option.
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Mar 20, 2013 17:35
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Shear Modulus posted:I knew I should have picked up some VXX when it hit its 52-week low on Friday... Looks like it's a good thing I didn't do this after all. I was expecting a lot more volatility (or even just selling) due to the Cyprus thing. Maybe the market is just pricing in the prediction that Cyprus and the troika can keep putting off reopening the banks or giving them the bailout indefinitely until the problem just goes away? Edit: VXX just touched another 52-week low. This totally makes sense, as there is definitely less uncertainty than even a week ago. Non-sarcastic: I guess I really don't have any idea what's going on here. Shear Modulus fucked around with this message at 19:21 on Mar 20, 2013 |
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Mar 20, 2013 19:14
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Don't feel bad because nobody over there has any idea of what is going on either.
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Mar 20, 2013 20:00
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I haven't bought any stock for over 4 months now expecting a crash, honestly I thought the crazy Republicans would fake try to run the ship aground on funding the government, tax hikes, or sequestration, and Wall Street would freak out and there would be a buying opportunity. Didn't happen. I have resigned to thinking things are slightly overbought, but will stay that way until the market grows into them.
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Mar 21, 2013 01:51
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So... Freddie Mac and Fannie Mae are making me puke out my nostrils... http://stockcharts.com/h-sc/ui?s=fmcc http://stockcharts.com/h-sc/ui?s=fnma 
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Mar 21, 2013 02:09
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asmallrabbit posted:So I've got a question that seems like it might fit in here. I mentioned before about how I was interested in Forex trading, and I have been demoing and learning about it for the past 2 months. I wanted to open up a real account to get a feel for how different it would be working with real money and that is when I hit a snag. TBH you probably won't make money trading forex. You mentioned before that you could make a decent amount of money on some ridiculous amount of margin. It's amazing to see retail investors fall for the same ruses over and over again. Successful investors don't shoot for the moon on margin. They make their 5% a year on safe investments with the bulk of their capital and shoot for the moon with the small portion of their portfolio. Make 5% on your savings with the bulk of your savings. Shoot for 100%+ gains with the rest. Don't flip the equation and think you're going to make out. Don't buy lottery tickets with your bread money.
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Mar 21, 2013 02:51
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Foma posted:I haven't bought any stock for over 4 months now expecting a crash, honestly I thought the crazy Republicans would fake try to run the ship aground on funding the government, tax hikes, or sequestration, and Wall Street would freak out and there would be a buying opportunity. Didn't happen. I have resigned to thinking things are slightly overbought, but will stay that way until the market grows into them. Yeah I feel you. Been in cash for way too long now, but it still feels like a dumb time to get back in. Thread almost convinced me to pick up some aapl at 430 but I've been skeptical of apple forever and couldn't pull the trigger. Just holding a little NOK and a bunch of cash. Sigh.
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Mar 21, 2013 04:32
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tiananman posted:TBH you probably won't make money trading forex. You mentioned before that you could make a decent amount of money on some ridiculous amount of margin. I'm really not seeing this at all on my demo account which is why I want to try with a real account and see how it goes. With approx $1000 margin I've been making about 100ish a week fairly consistently when I was originally aiming for an extra 100 a month. I still have my other investments which are the bulk of my portfolio in my RRSP and TFSA, the money I would be using for Forex is disposable income. I don't see how you think I'm shooting for the moon by opening a starter account with $1000. I'm not expecting to turn that into millions over night. I DO think I will be able to grow that initial capital within a few years to be closer to what my goals would be from it though.
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Mar 21, 2013 16:45
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asmallrabbit posted:I don't see how you think I'm shooting for the moon by opening a starter account with $1000. I'm not expecting to turn that into millions over night. I mean yeah, your completely reasonable goal of 300% a year would take 7 whole years to turn $1,000 into $1,000,000.
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Mar 21, 2013 17:38
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Droo posted:I mean yeah, your completely reasonable goal of 300% a year would take 7 whole years to turn $1,000 into $1,000,000. 7 years of successful forex for only $1 million 
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Mar 21, 2013 17:45
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Droo posted:I mean yeah, your completely reasonable goal of 300% a year would take 7 whole years to turn $1,000 into $1,000,000. And where did I say that my goal was 300% a year? Regardless I'm willing to try it and see what my results are. I don't subscribe to the thought that because something is hard or lots of people say it is impossible that you should just give up. I think that stops a lot of people from realizing their full potential. Look at the number of succesful people that have dropped out of high school or gone ahead with their ideas despite being telling them they couldn't or that it wasn't the proper way that ended up being successful.
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Mar 21, 2013 17:56
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asmallrabbit posted:And where did I say that my goal was 300% a year? asmallrabbit posted:With approx $1000 margin I've been making about 100ish a week fairly consistently when I was originally aiming for an extra 100 a month. $100 a month on a $1000 account is 10% a month. 10% a month is 300% a year.
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Mar 21, 2013 17:58
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asmallrabbit posted:And where did I say that my goal was 300% a year? As soon as you understand complicated topics like compound interest, you'll be unstoppable. Also, past gains are a great predictor of future gains. On another note, AAPL just went vertical for 5 minutes. With some volume. Did I miss a rumor? Eco RI fucked around with this message at 18:06 on Mar 21, 2013 |
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Mar 21, 2013 18:03
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Droo posted:$100 a month on a $1000 account is 10% a month. 10% a month is 300% a year. And you assume I was going by percent gains instead of what I actually said which was 100 a month, so by the end of the year i would be at 2200 which is 120% not 300. Eco RI posted:As soon as you understand complicated topics like compound interest, you'll be unstoppable. Also, past gains are a great predictor of future gains. I know how compound interest works, thanks. I'm not basing this on past performance for future gains of a market, but what my actual results have been with the trades I have been executing. If you want to jump in just to belittle someone maybe you should be clear you know what you are talking about first.
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Mar 21, 2013 18:38
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asmallrabbit posted:I'm not basing this on past performance for future gains of a market, but what my actual results have been with the trades I have been executing.  You're doing exactly that. Basing your future assumptions on past data.
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Mar 21, 2013 18:45
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a lovely poster posted:
Past data of myself? I know how well I can drive, I know what level I play certain games at, what I can and can't do at work. Why would I expect that to change (barring something medical) other then getting better as I gain experience and learn, or possibly top out.
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Mar 21, 2013 18:53
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asmallrabbit posted:Past data of myself? I know how well I can drive, I know what level I play certain games at, what I can and can't do at work. Why would I expect that to change (barring something medical) other then getting better as I gain experience and learn, or possibly top out. Because there have been tons of scientific studies that have shown that past performance is not an indicator of future performance when it comes to investing. Which is why you see that disclaimer everywhere.
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Mar 21, 2013 18:54
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Eco RI posted:On another note, AAPL just went vertical for 5 minutes. With some volume. Did I miss a rumor? In regards to FOREX, unless you have a friend who works for the Fed board of governors, stay away from it. The foreign exchange markets are for people who want to hedge against much bigger and complex investments. All you are doing with your $1000 is gambling. You will have better odds and more free drinks at the craps table. Cheesemaster200 fucked around with this message at 18:59 on Mar 21, 2013 |
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Mar 21, 2013 18:56
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asmallrabbit posted:Regardless I'm willing to try it and see what my results are. I don't subscribe to the thought that because something is hard or lots of people say it is impossible that you should just give up. I think that stops a lot of people from realizing their full potential. Look at the number of succesful people that have dropped out of high school or gone ahead with their ideas despite being telling them they couldn't or that it wasn't the proper way that ended up being successful.
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Mar 21, 2013 18:56
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Eco RI posted:
Earlier there was a rumor that the DOD was buying 6xx,xxx iOS devices (iPads, ipad minis, iPhones) and ditching blackberry entirely-- then somebody put out an article saying that they're not ditching blackberry entirely (but didn't dispute a large purchase that is incoming when the sequester and budgets are done). I'd imagine that somebody found out the 600k rumor is actually true because it came hours after the two articles came out. e: quote:The Department of Defense has denied the claims made in Electronista's article, saying that it has no plans to end support for BlackBerry phones. Additionally, the spokesperson said DoD "mobility experts are looking into what has been reported and are not familiar with the figures quoted in that report/article." So the # may be wrong but they're not disputing a potentially large buying binge. Could be that some funds are switching over early for window dressing too- but it might be too early for that unless they're expecting something between today and next Friday. e:e: Still not expecting it to deviate very far though, options are still pointing to 440-450~ for the week. Shmoogy fucked around with this message at 19:02 on Mar 21, 2013 |
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Mar 21, 2013 18:56
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asmallrabbit posted:And you assume I was going by percent gains instead of what I actually said which was 100 a month, so by the end of the year i would be at 2200 which is 120% not 300. Uh, 100 return on 1000 invested is 10%. When people annualize returns you make the assumption that you're reinvesting gains. Just because you choose not to reinvest it doesn't mean you get to change how it's calculated. You expect a 300%+ annualized return. That's the kind of stupidity that makes us caution people who invest.
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Mar 21, 2013 18:57
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asmallrabbit posted:120%  As if even this were a realistic or achievable expectation. I'm just a guy so take this with a grain of salt, but if you're getting these kinds of returns consistently trading forex, you probably shouldn't be posting in an internet comedy forum. Your time would be better spent getting a position at a forex trading desk somewhere.
Eco RI fucked around with this message at 19:09 on Mar 21, 2013 |
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Mar 21, 2013 19:06
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Forex markets in general are the closest to efficient markets that exist.
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Mar 21, 2013 19:31
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Eco RI posted:On another note, AAPL just went vertical for 5 minutes. With some volume. Did I miss a rumor?  Looks like it was your typical contrarian market reaction to a blog post calling the stock stagnant.
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Mar 21, 2013 21:18
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Since when is a $3.7 billion market cap movement influence by "insider monkey", the nutjob bandwagon technical analysis blog?
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Mar 21, 2013 22:06
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asmallrabbit posted:And where did I say that my goal was 300% a year? Agreed, I believe if I light my money on fire that I will get more money. People are telling me this isn't true, but they're just trying to get me down with their negative attitudes.
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Mar 21, 2013 22:08
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Cheesemaster200 posted:Since when is a $3.7 billion market cap movement influence by "insider monkey", the nutjob bandwagon technical analysis blog? I was very joking, sorry.
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Mar 21, 2013 22:42
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Stoned Sheep posted:So... Freddie Mac and Fannie Mae are making me puke out my nostrils... I took another look at them today. They were all over the place. Definitely the most Vegas of stocks right now. asmallrabbit posted:I don't subscribe to the thought that because something is hard or lots of people say it is impossible that you should just give up. I think that stops a lot of people from realizing their full potential. Look at the number of succesful people that have dropped out of high school or gone ahead with their ideas despite being telling them they couldn't or that it wasn't the proper way that ended up being successful. That's a bit theatrical, don't you think? You can't expect people not to make comments when you write posts about your overly sanguine expectations.
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Mar 21, 2013 23:10
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asmallrabbit posted:Look at the number of succesful people that have dropped out of high school or gone ahead with their ideas despite being telling them they couldn't or that it wasn't the proper way that ended up being successful. Come back after you've had a few bad days and the world around you is crumbling. You should watch this: https://www.youtube.com/watch?v=vIMwMsY0ndo
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Mar 22, 2013 00:17
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that should be in the OP. i love when he pans over and you can see how bad it is.Cheesemaster200 posted:Since when is a $3.7 billion market cap movement influence by "insider monkey", the nutjob bandwagon technical analysis blog? Hey, it's not that bad
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Mar 22, 2013 01:14
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Cheesemaster200 posted:Since when is a $3.7 billion market cap movement influence by "insider monkey", the nutjob bandwagon technical analysis blog?  This was because of a CNN iReport. The equivalent of a Reddit post. koolkal fucked around with this message at 02:02 on Mar 22, 2013 |
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Mar 22, 2013 02:00
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koolkal posted:
The Dow was down like 500 points in that span also. Not exactly rational markets
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Mar 22, 2013 02:30
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koolkal posted:I'm not arguing the loss leader model, I'm saying it seems pretty silly to dedicate 25% of the store to just that. Are 25% of their sales coming solely from TV accessories? I find that pretty unlikely. They don't need literally >20 big-screen TVs as display models. TVs are flat. They put them up against the wall. They don't really take up that much space. Also, they're great for getting people in the door. I don't ever buy anything at best buy, but when I was looking for a new TV with my girl, first thing we did was just go look at TVs in best buy, 'just for fun'. If I were the type of person who bought music in a store, maybe I would have left with an album. Or if I were the type of person who bought cellphone accessories, maybe I would have left with some $20 screen protectors or some bullshit. hell, I do think I bought a bottle of water or something. Just sayin, I don't think bright shiny TVs that make noise and try to get your attention are a bad decision for like 5-10% of the square footage of your store space. (I know what you mean, it seems like 25% because it's a quarter of the store, but that also houses things like TV cables, receivers, vinyl record players, bookshelf speaker stands, etc etc.) god why am I defending best buy.
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Mar 22, 2013 04:05
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Ok, I'm back on the aapl wagon, just a bit. AGNC is making me more cash than aapl ever has.
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Mar 22, 2013 18:33
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