The Prowler
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Daily Stocks Going Off$
- Thread starter Bastard Factory
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Joe
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Fortis went up too.
Bought that 1 before stocks fell.
it was also one of the few major gainers
The Prowler
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Joe
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I've just started investing.
So it might have been a good way to start.
Throw a bit in across different sectors to see how they perform.
Stay invested in the gainers, get rid of the losers.
I hadn't invested in Tech yet tho but getting interested.
I suspect the tech companies that might do alright even in a downturn are those which provide cheap entertainment and services for people like Google, Amazon & Apple. Like YouTube, Apple TV, Amazon retail.
Stay away from hotels, air travel & real estate. Anything too expensive or non essential. That sound about right?
The Prowler
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Joe
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I think I bought a bit but not very much.
I was just trying to gauge to see if it was any good.
So if it fell didn't lose very much.
Joe
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Just let you know, most of my stocks are down Lex @The Prowler
But in spite of the recent market downturn, some actually went UP.
Tho relatively few I'll post a list of my gainers when I have the time.
It's a bit of a gauge where the economy is headed.
But in spite of the recent market downturn, some actually went UP.
Tho relatively few I'll post a list of my gainers when I have the time.
It's a bit of a gauge where the economy is headed.
Joe
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Actually it went up slightly after I bought it Lex @The Prowler
The Prowler
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Joe
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Ya know what jumped today, Lex @The Prowler?!
...Nickel!
I was wonderin' why my Nickel stocks rose today, eh?
Then I read this article:
One of these projects Carney's pushin' is Ontario:
Prime Minister Mark Carney is expected to add at least four mining and energy developments to the government’s major projects list on Thursday, two sources told The Globe and Mail.
The sources said the list includes the Ksi Lisims liquefied natural gas project in B.C., Ontario’s Crawford nickel project, New Brunswick’s Sisson mine and a hydroelectric project in Iqaluit. The sources said the list, which was first reported by the CBC, was subject to change.
The Globe is not identifying the sources because they were not authorized to disclose the details publicly.
...this stock up .29 cents per share in 1 day, Lex!
bought it a day before the news leak.
Maybe it has a lot more room to the upside? Whaddya think?
Maybe @Bastard Factory might be interested.
Canada Nickel Company is proposing the construction, operation, decommissioning and abandonment of an open-pit nickel-cobalt mine and on-site metal mill, located 42 kilometres north of Timmins, Ontario. As proposed, the Crawford Nickel Project would have a mine ore production capacity of 240,000 tonnes per day and a mill ore input capacity of 120,000 tonnes per day. The project would operate for about 41 years
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OP
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NVVE
.15 last night after hours... touched .50 this mornings premarket... going over $1 today.
Currently back to .42.............. GET IN
.15 last night after hours... touched .50 this mornings premarket... going over $1 today.
Currently back to .42.............. GET IN
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VISTRA on the dip!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
OP
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CarefuL....
The Prowler
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Joe
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Well Lex @The Prowler I certainly don't pretend to be an expert at stock investing.
At the end of the day I hope to at least BREAK EVEN.
I'm down about -$1,000 or so on an $87,000 TFSA.
That being said...I've noticed the stocks I bought which have done reasonably well despite market drawdowns are:
1. Canadian Financial Stocks such as Bank of Nova Scotia and Power Corporation.
2. Canadian Resource stocks such as Critical Minerals, a few Gold stocks and some of your picks such as CNQ & some oil.
3. Canadian Staple and Food Stocks such as Empire Foods, Tim Hortons, Canadian Utilities, Dollarama, Hydro One
4. ETFs - haven't bought many yet. Just 1 from Royal Bank which isn't going anywhere
5. Money Market - I think I'll get some US and Canadian as I keep hearing that we're headed for a Crash & Recession
6. Tech stocks haven't bought any yet. But I hear Tech is going down.
Got about $15,000 more contribution room which should bring the TFSA up to $100,000+ or so.
Gonna top that off soon.
As a Novice Investor, I'm just trying to keep it balanced, not too risky, but with a bit of risk for the possibility of growth.
Hope to keep up with the pace of inflation so I'll at least break even. ie - if Money is worth 1/2 in the future, then double the size of the portfolio. If Money is worth 1/3, then hope to triple it.
Just tryin' ta stay humble, Prowler.
I've seen people make errors and lose a lot of money on the stock market.
So I don't wanna repeat their mistakes.
Knew someone who invested $100,000 of his own money in Nortel stock, hung on to it for dear life even when it was going down, kept buying and he lost all of his money. He wasn't stupid, as he had a Bachelor of Business administration and was a successful business owner.
Very sad but true story.
I also knew someone who lost his entire fortune - close to $1 million.
He bet on the futures markets.
He ended up selling used cars and living in his parents' basement.
I remember his name was David.
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The Prowler
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Joe
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Nah. I don't think so.
He was a Chinese Guy.
Joe
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Didja biu this stock yet, Lex @The Prowler?
...I did & it went up!
Not sure fer how long tho
Gold/Metals ya never know.
It's a highly volatile field.
...I did & it went up!
Not sure fer how long tho
Gold/Metals ya never know.
It's a highly volatile field.
The Prowler
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Joe
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Interesting.
What do you think is wrong with the Wheaton's fundamentals Lex @The Prowler ?
If not Wheaton, then how about a company that does similar things like Lundin Metals (LUN) or iamgold (IMG)?
No right or wrong answer only your opinion counts.
While I bought some gold stocks I try to limit those purchases and decided not to buy TOO Much. I noticed that when they go down such as the most recent correction they can really plummet. Faster than oil or gas.
When they go up they can increase the size of a portfolio. But on the way down they deflate it.
Yeah the Wheaton stock price does seem a bit high right now. I bought some Agnico shares too high at their peak & while the company is profitable they did get smacked down a bit & have not yet reached back to their all time highs. So...I think I might sell some AEM once the share price goes up again.
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The Prowler
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Joe
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If the stock goes down, then you made the right choice.
But if it continues to go up, then I made the right choice, eh?
The Prowler
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Joe
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I couldn't tell you Lex @The Prowler
Like i told Jim still learning
Bought some of Wheaton shares.. .but not too many. They seem a bit pricey.
But..for every share of Wheaton I bought a share in Bank Nova Scotia & Power Corp + a unit of money market. so hopefully by buying something safer, they should balance out the portfolio a bit so it's not full of risky mining stocks.
The Prowler
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Joe
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Nickel is getting noticed....Lex @The Prowler!
Better get in quick...else you'll miss...
....The Nickel Rush!
Time ta get out yet pick axe, shovel, mining pan & cheque book Lex!
Better buy them Canadian Nickel shares while they're hot!
Better get in quick...else you'll miss...
....The Nickel Rush!
Time ta get out yet pick axe, shovel, mining pan & cheque book Lex!
Better buy them Canadian Nickel shares while they're hot!
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The Prowler
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