The Stock Market; Trading and Investments Thread

[44 North]

Stocks are gambling.

Legit may as well be at the casino....in fact, the casino is way more fun than trading individual stocks.

Not sure about that last part. For a long-play say like that RECP/ultimate kitchens concept, I think the amount of dopamine released over several years explaining the concept to ppl and why I think it's a winner will trump the dopamine from a handful of casino visits. And plus seems like most people leave the casino empty-handed. Which is crushing. Unless there's a boiler room afoot nobody really leaves a stock with nothing.

 

[Northern Light]

Unless there's a boiler room afoot nobody really leaves a stock with nothing.

Well......bankruptcies are a thing.

Rarely do shareholders collect much in that circumstance.

But I agree, overall, the stock market is typically a 'safer' bet than the casino

A look at current P/E ratios is rather disheartening though.............

The Dow is in around 30................which suggests that at current earnings, you would need to own a stock for 30 years to make back your investment in yield.

Yikes.

I typically consider 1/2 that P/E a bit rich.

 

[SunriseChampion]

And plus seems like most people leave the casino empty-handed.

The very possibility of this is a part of what makes it so much more exciting than clicking a mouse on a computer screen.

In any case, trading individual stocks, and being able to pick winners, is a fool's game.

Wise investing is broad-based ETF, long-term, passive investing.

Anything else and you're wasting time and money......like the casino, I guess.

Personally, I'll take my guaranteed wins in the market and couple them with my near-guaranteed wins at the blackjack table as a form of entertainment greater than day trading stocks.

 

[44 North]

The very possibility of this is a part of what makes it so much more exciting than clicking a mouse on a computer screen.

In any case, trading individual stocks, and being able to pick winners, is a fool's game.

Wise investing is broad-based ETF, long-term, passive investing.

Anything else and you're wasting time and money......like the casino, I guess.

Personally, I'll take my guaranteed wins in the market and couple them with my near-guaranteed wins at the blackjack table as a form of entertainment greater than day trading stocks.

I want to counter the casino point by saying that stocks are different in that it's the comfort of your own home so you're more buffered/secure to make decisions. But since there's online gambling/casinos, that doesn't really hold true. And what's interesting is when I see a stock up a lot, or make a that first click for a trade (I'm a real novice btw), I get wide-eyed and a lil weird. Which is the exact same feeling I had when I used to visit casinos (more when I'd walk in the door and before any loss started).

Now to change topics. Is there such a thing as a TSX-traded ETF specifically devoted to investing in Asia like Nikkei or HangSeng companies?

 

[SunriseChampion]

Now to change topics. Is there such a thing as a TSX-traded ETF specifically devoted to investing in Asia like Nikkei or HangSeng companies?

No idea.

 

[44 North]

Certainly crazy watching that GameStop move play out. Read about ppl making moves on Mon, didn't believe it could happen, then Fri watched live as people broke the system and made it happen.

 

[karledice]

Certainly crazy watching that GameStop move play out. Read about ppl making moves on Mon, didn't believe it could happen, then Fri watched live as people broke the system and made it happen.

Where did you read about it?

 

[44 North]

Where did you read about it?

I saw it on a reddit forum. Also a belief there that Blackberry will be big again on the markets. I'll watch it unfold using my Key2LE (going strong after almost 2yrs I might add).

 

[SunriseChampion]

Yeah, Blackberry is a safe wager.

I bought a touch of Blackberry stock last year as a piss-take.

 

[Undead]

Yeah, Blackberry is a safe wager.

I bought a touch of Blackberry stock last year as a piss-take.

My friend did that the other day for shits based on Wall Street Bets memes on Reddit.

 

[SunriseChampion]

My friend did that the other day for shits based on Wall Street Bets memes on Reddit.

I did it because I feel bad for that company and how it all went to ish for them.....and believe in their encryption technology and still think they can make a go of something.

But doing it for the memes is way more fun. hahaha

 

[AlbertC]

Blackberry partying like it's 2008 again, at least for the moment:

Why BlackBerry's stock has been skyrocketing​

Jan 25, 2021

BlackBerry’s (BB) (BB.TO) stock was up nearly 40 per cent at the start of Monday’s trading session, and analysts say it is a reflection of investors seeing potential growth opportunities from recent announcements.

The stock closed at $29.92 in Toronto, a gain of 28 per cent.

Gilbert Enenajor, director of research at Strategic Analysis Corporation, said the surge in BlackBerry’s stock can be attributed in part to the strategic shift to cybersecurity and the Internet of Things.

“It’s been making a shift away from the handheld devices, and so what really is happening, is the market is cheering this new shift of BlackBerry away from its old business model and what it’s doing now,” he said in an interview.

“People are now starting to see the potential for the company, however, it might be a little over-exuberant.”

Why BlackBerry's stock has been skyrocketing

The Canadian tech company has been seeing its stock skyrocket in the past couple of weeks, but experts say this interest could be a sign of a speculative bubble.

ca.finance.yahoo.com

 

[AlbertC]

TFI shares also rose 32% after it announced an US$800 million deal to purchase UPS Freight that would expand its North American smaller truck business.

Toronto stock market pushed higher by enthusiasm for TFI and BlackBerry

TORONTO — Enthusiasm for TFI International Inc. and BlackBerry Ltd. offset some investor concerns to push Canada's main stock index higher to start the week.The Montreal-based trucking firm and . . .

www.thompsoncitizen.net

 

[SunriseChampion]

See, much like my black jack and footy wagers, I was right about Blackberry....though its rise in value is based solely on retail investors tripping balls.

 

[44 North]

Blackberry partying like it's 2008 again, at least for the moment:

Why BlackBerry's stock has been skyrocketing​

Jan 25, 202

BlackBerry’s (BB) (BB.TO) stock was up nearly 40 per cent at the start of Monday’s trading session, and analysts say it is a reflection of investors seeing potential growth opportunities from recent announcements.

The stock closed at $29.92 in Toronto, a gain of 28 per cent.

Gilbert Enenajor, director of research at Strategic Analysis Corporation, said the surge in BlackBerry’s stock can be attributed in part to the strategic shift to cybersecurity and the Internet of Things.

“It’s been making a shift away from the handheld devices, and so what really is happening, is the market is cheering this new shift of BlackBerry away from its old business model and what it’s doing now,” he said in an interview.

“People are now starting to see the potential for the company, however, it might be a little over-exuberant.”

Why BlackBerry's stock has been skyrocketing

The Canadian tech company has been seeing its stock skyrocket in the past couple of weeks, but experts say this interest could be a sign of a speculative bubble.

ca.finance.yahoo.com

Big typo in that link. Didn't close at $29.92 rather $22.92. Since I bought a teensy handful at 13 last monday I hope it gets to 30. I'll celebrate by watching 13 Going On 30 (dare I say re-watching lol). It's pretty funny.