Canadian Financial Markets Investments and Stock Trading Thread
Scotiabank is letting a few peeps go, relocating some to Toronto, should have a good run up today (BNS- TSE)
Taking off at the start !!! 1.10% http://www.cbc.ca/news/business/td-b...bank-1.3284524 Quote:
Edit - I was gonna buy a few shares today, but I'd rather buy on some bad news, rather than on good news like this. lol! Push down the PE and raise the Yield a bit and then I'm in for sure. |
Sweet, I have ETFs in Canadian financial sector so that explains the spike today.
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All the banks are letting people go and streamlining. The technology increases are making people redundant. So that will take some of the sting out of any potential losses they incur in the oilpatch. Scotiabank is gonna likely report big earnings jump next week, and that will spike the shares even more, so I'm waiting to buy some more shares on a dip before earnings report next week. Wanted to buy today, but like I said, don't want to purchase on good news.
I'm also looking for other sectors to invest in, with serious cash flow, and high dividend yields. |
Yeah I was watching BNN and the guest was saying that within 10 years almost all banking will be done online and they'll close branches.
I know with my mortgage they don't have any branches, it's all done online. I was thinking of buying stocks in the oil sector but I'm going to hold off until Alberta's budget is released. |
Investors are taking short positions in the big banks. TD Bank is now the most shorted stock in the TSX Exchange.
http://www.huffingtonpost.ca/2015/10...n_8367442.html Quote:
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This seems to be the norm in pretty much every industry, people are becoming redundant, and it seems like at an increasing rate. Not that I really have a problem with that directly, however it does beg the question what is gonna happen with all this excess labor. The make believe economy is fallen apart. |
All my favourite junior explorers are still nursing a hangover in the gutter.
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Even ETF's (leveraged / inverse) are scary too, but at least they are designed around an underlying commodity (or financial assets related to), gold/oil etc, etc - TSX Got Rocked Yesterday http://ca.reuters.com/article/busine...0SK1C520151026 My financials also took a hit, but I don't care I want the price to get beat down so I can buy some more shares before the end of the week. |
The influx of Iranian oil coupled with forecasts of a warm winter is likely to keep WTI down, and the Fed is going to need to raise rates sooner or later.
The USDCAD is a good candidate on any dip. |
Stock market was up yesterday-
http://www.ctvnews.ca/business/toron...ocks-1.2630988 Tomorrow is the big day, setting aside the cash to move into my first ever leveraged (300%)/inverse EFT position. - The money I put into that, I have to pretend it doesn't exist or I've thrown it away or burned it. Because in the end that is what might happen. Although my buddy/advisor does his trades with at least 5x more money than that and in a year makes about 60K-70K on average. If I were to follow is trades for the year exactly, I might be able to make 12-15k. Which I would quickly move into blue chip dividend paying stocks. He has sworn me to secrecy (and you can see how good I am with that! lol!), otherwise, I would post my trades here so you guys could see if I lost my shirt or not. lol! Still though, trust me, I'm scared. Anyways, I might start posting my safe trades because I'm using my own formula for that. |
http://ca.reuters.com/article/busine...0SN14720151029
Bombardier Stock is getting rocked!! Pretty soon that company is gonna be worthless, I'm just trying to figure out if there is any point in getting in buying a boatload of shares for nothing and then just waiting around... lol!! (don't even pay dividends, WTF?) https://www.google.ca/webhp?sourceid...ardier%20stock Bombardier Inc TSE: BBD.B - Down 15% today, this company is finished!! |
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Everyone who was excited about the Quebec government shoving money into the company (yay, free money) just found out what their valuation was this morning (boo, they valued it the same as their current share holders). So, up 15% yesterday, back down today. Net change over 2 days is about 0. |
Only they announced they are down $5 billion this quarter.
I guess that is expected, but that can't go on much longer. |
Got crushed on my stocks last week, but are up this morning :
Valeant pulls down TSX; resource and bank stocks weigh http://ca.reuters.com/article/busine...0SO1F220151030 Quote:
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Why am I not surprised. Such a gambler.
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My goal long term is to accumulate Blue Chip Dividend paying stocks. Short term I'm just using the EFT's to protect my position. (any EFT profits go into accumulating more shares of blue chip /dividend payers)
I have set aside some risk capital to follow the trades of my colleague on the commodity leverage /inverse ETF's. (That's money I'm ok with burning). |
Thursday should be a good rally for TSX, Hydro One goes public. Offering at $20.50 per share, annual 84-cent dividend, which is like 4% return.
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ETFs is just another way for big fish to use little fishes' money to make high risk transactions. They claw back most of the earnings through service charges.
You , of course, go all in with a high pair. Don't remember hearing of a big fish speculating with their own money short selling. |
If I go down in flames, I won't trade them again.
All I know is my buddy made 6k - Wednesday to Today (Monday) trading commodity ETF's, and he covered all drink and food expenses over the Halloween weekend. |
I woke up to dis!
lol! http://lh3.googleusercontent.com/-xE...106_102941.jpg That $6,000 profit from Wednesday of last week to this past Tuesday was actually $18,000. This fool didn't tell me he put in $30,000, I thought he went in with 10k. So now he is up $30,000 in 9 days. Looks, like he'll hit a million by early spring right on plan. I'm so jealous right now, this is my outlet, cause there is no way I'm putting that type of money into leverages ETF's. |
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