Stocks Investing MONEY : Education?!! Pinkys : OTC

FPenvy

my sister keeps telling me about some IPO thats opening soon that i should match her investment on.

ticker symbol is BABA. believe it's some holding firm? havent had time to look at it nor am i very big into trading to know if it's worth the money.

any one of you guys have any insight or opinions? think it's starting at like $65 a share.

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Meulen

that's one of the biggest companies in the world! Ali Baba.

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FPenvy

yea like i said i dont do much in this sector lol

sooooooooo worthy investment?

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Meulen

It really depends where they price it. Personally, I stay out of the IPO market because of my job and the hoops I have to jump through to do them. I think this one will be good at first. Then the hype will wear off when all the original investors who have been waiting 15 years to get paid exit.

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Em370z

What are you guys trading and how? Im pretty new to this thread as well?

mishuko

em370z what is your goal?

in all honesty 'day trading' is a lot different now. what type of gains are you looking for? If you're looking for large gain's in a short time you must be willing to have an appetite for large amounts of risk. another note stay away from IPO's. It's like flipping a coin. My personal opinion vs BABA is to not go into it. Even though it's one of the largest companies in China I think there is more that meets the eye.

In my humble opinion if you are investing do not go for IPO's. Investing is long term, day trading is short term (minutes to weeks for the holding). Also if you have a small portfolio (under 500k) I would shy away from individual stocks as there is very large amount of risk and not a lot of diversity. Instead go for diversity with ETF's.

ETF's give you a nice index tracked such as XIU(Cdn) tracking the TSX 60. Or VUN (Cdn listed as well) tracks the broad American market. Essentially offer what a mutual fund does at a fraction of the MER's. Plus they are liquid. MF's you have to sell the unit back to the parent company. ETF's are traded on exchanges and can be sold when the market is open. Very important note because if a bad day happens your MF NAV will go down. Well if you had an ETF you sell in the morning, something bad happens all the stocks drop and the ETF drops along with it (tracking the index) but you made out like a bandit!

As for my holdings right now? Let's just say I'm holding cdn bank stocks. Last year in June was a great buy opportunity, again in December (lots of the cdn banks had a 'weak' quarter or a 'buy' opportunity in my books).

Always remember do not, I repeat, do not go into anything you are not comfortable with. Do some research and start out small. Blue chips like banks are great for individual picks if you absolutely want single picks. They pay dividend and have decent appreciation. Telecoms, pipelines, energy companies... things that don't just go belly up are all great.

FPenvy

from what i read last night i agree.

if anything i may just hop on, ride the initial jum,p and dump fast. quick flip.

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tibal

I have been a ghosttt!!

Still trucking along, looking at a few new pics but atm nothing conclusive. Hope everyone is well!

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tibal

As TERRIBLE as it sounds.. Right no keep an eye out for EBOLA plays.. ugh pains me to say it but some have been killing it. Picked up positions in a few and they are looking great thus far. Speculative though!!

$IDNG, $SIMH, $NSEH

Lots of talk on possible "Scanners" for Airports etc. Food for thought.

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2010 - PG - M6 - 370zTT 453/409 6lbs

Meulen

I just think that's already played out. Those stocks may have already had their run. Right now I think you're at a point where this is going to be a major global disaster or it's going to start getting better. In the first scenario it won't matter what stocks your in they are going down. In the second, the Ebola play has already run it's course.

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tibal

Great insight and that is sooo very true!

I believe that is one of the main factors in these stocks jumping, the idea that we do not know if this will become a major disaster or nothing at all. Playing the fear.

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tibal

You guys are boring me as much as my portfolio is..


Sent from my iPad using Tapatalk

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2010 - PG - M6 - 370zTT 453/409 6lbs

bigdog1250

Awfully quiet in here.

Anyone pick up GoPro on the cheap? I'm very bullish on the stock, especially at this price. Hoping it gets back into the 40s-50s in the first half of next year.

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