Boiler Room: The Official Stock Market Discussion

Bernie Madoff

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Coverage Initiated- Tenx
will have something posted by this time next week.
madoff-0906-09.jpg
 

Ohene

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canadian banks going down with oil and a bad employment print. All eyes on Alberta.

I'm really surprised by the lack of diversity in a lot of economies around the world.
my friend is extremely bullish on banks...especially TD and now BAC apparrently. i keep telling him hes crazy though

too much reliance on oil/mining in canada. if oil and gold continue suffering so will they. at these levels in the stock market no way im investing in banks .. returns are hard enough to squeeze for em as it is not to mention near the end of a bull run

only canadian bank i like is rbc. at least they have a consistent investment bank
 

Domingo Halliburton

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@Domingo Halliburton

Have you kept an eye on XIN?

I know you asked about that stock awhile ago... saw an article about a Chinese real estate default that reminded me...

http://finance.yahoo.com/news/may-just-witnessed-first-truly-171855787.html

Looks like it's down 50% since you asked in summer

:whew:

I looked at it the other day and saw it was way down. Haven't really kept tabs on it. Never took a position. All I hear about chinese real estate is horror stories but I knew it was ridiculously undervalued when I asked about it.
 

Domingo Halliburton

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my friend is extremely bullish on banks...especially TD and now BAC apparrently. i keep telling him hes crazy though

too much reliance on oil/mining in canada. if oil and gold continue suffering so will they. at these levels in the stock market no way im investing in banks .. returns are hard enough to squeeze for em as it is not to mention near the end of a bull run

only canadian bank i like is rbc. at least they have a consistent investment bank

I like BAC
 

Ohene

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@Asantehene

Hey Martin, where you putting your money???t
Only got one holding right now...a modest $500 in Cenovus energy. Will probably increase the holding to 1000 soon and then purchase one more oil and gas or materials stock (I like CPG but it's ran up quite a bit...I like teck resources too). Then I'll be moving into another sector (probably consumer discretionary next). The market being so high is gonna have me investing cautiously though if at all. Cause i'm kinda lazy to do thorough research how I used to. Also...no options for now... Only equities.


Why do you ask :lupe:
 
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Ohene

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these oil companies are ___ed!
you think the US is bad...you should see Canada.

But i think theres more to it...i've seen days in the summer where the energy sector was down a percent only for the SP500 to be up a percent so I dont think oil&gas should take all the blame
 

Bernie Madoff

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are they the next ACHN?
I think it will be a long time before I find a trade as obvious as ACHN was for me.
The FDA hold which sent the stock plummeting, even though they let trials continue, and the wording of the hold which stated repeatedly is was just a precaution.
The 200 plus million in cash ACHN had on hand, the past relationships with Gilead, which meant I knew at worst ACHN would be an acquisition target, and just so many other factors I knew it was a lock. Made myself alot of money, made others lots of money, to the point where I took a much needed extended vaction :skip:
Right off the bat tenx isnt achn to me, they do have some cash on hand at 57 million (not at my desk at the moment but thats close) that funds operations through atleast 2017. Biggest thing to me though is ACHN is in the hepatitis market which offers extremely more upside than the market TENX is going after (septic shock, amongst others) Having said that, by the end of January (maybe this week depending on what I can find out abount TENX)I will have another small cap biotech stock picked out and touting.
 
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