New-born Baby's Cans: Making Money in a Down Market

[dmk112]

Here's the reply I got from AMTD:

**********************************************
Canadian securities trade on the Canadian exchanges, but also trade domestically with pink sheet equivalent symbols. (Note: Canadian securities with pink sheet equivalent symbols can be recognized as five-letter symbols ending in F.)

If a Canadian security has a pink sheet equivalent symbol, you can place your order online, through our Interactive Voice Response telephone system or with a broker.

However, if there is not an equivalent pink sheet symbol, you will need to contact one of our brokers at 800-669-3900. The broker will enter the order for you. Orders are routed through Ameritrade, Inc. to the Canadian market. An Ameritrade broker is available from 8 a.m. to
8 p.m., ET Monday through Friday.

Our normal equity commission rates apply for trading Canadian securities. However, any foreign trade may be subject to additional fees, as noted in your Account Handbook.

Please note: When purchasing Canadian securities with pink sheet equivalent symbols, you can only place limit orders. When selling Canadian securities, you can place market or limit orders. Stop market, stop limit and trailing stop orders are not accepted on Canadian securities.

Sincerely,

Rachael P.
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.

[New-born baby]

Here's the reply I got from AMTD:

**********************************************
Canadian securities trade on the Canadian exchanges, but also trade domestically with pink sheet equivalent symbols. (Note: Canadian securities with pink sheet equivalent symbols can be recognized as five-letter symbols ending in F.)

If a Canadian security has a pink sheet equivalent symbol, you can place your order online, through our Interactive Voice Response telephone system or with a broker.

However, if there is not an equivalent pink sheet symbol, you will need to contact one of our brokers at 800-669-3900. The broker will enter the order for you. Orders are routed through Ameritrade, Inc. to the Canadian market. An Ameritrade broker is available from 8 a.m. to
8 p.m., ET Monday through Friday.

Our normal equity commission rates apply for trading Canadian securities. However, any foreign trade may be subject to additional fees, as noted in your Account Handbook.

Please note: When purchasing Canadian securities with pink sheet equivalent symbols, you can only place limit orders. When selling Canadian securities, you can place market or limit orders. Stop market, stop limit and trailing stop orders are not accepted on Canadian securities.

Sincerely,

Rachael P.
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.

And, I might add, no US citizen can short a Canadian security.

[dmk112]

Here's one I like: AAV

It has a 13% Divy, low P/e, nice earnings AND the chart is showing a symmetrical triangle. I will wait to see which wait it goes before I buy.

[New-born baby]

Aav

AAV really is a nice play. I don't have any right now, but I like this one. I wouldn't be afraid to buy it right here. Why? Because 1. when oil hits $80 this summer you'll be banging your head against the wall that you delayed buying a stock with a 13% dividend before oil hit $80 and the price of the stock moved up from $19.27 to $28.00. 2. AAV is just now starting its divy run for this month, and I can tell you that she is going to break upwards, not downwards. That's why

On a practical note, your chart is wider than Karel wants it. I had a hard time learning that 700 pixels wide is maximum. Then Lye-baby told me to go to "Paint" and under "images" there is a line that says "attributes" which tells you how wide the picture is, and a line called "stretch/skew" that allows one to make the picture smaller or bigger. You may want to try that sometime.

[Karel]

... You may want to try that sometime.

Yes, please!

Regards,

Karel

[TFred]

AAV really is a nice play. I don't have any right now, but I like this one. I wouldn't be afraid to buy it right here. Why? Because 1. when oil hits $80 this summer you'll be banging your head against the wall that you delayed buying a stock with a 13% dividend before oil hit $80 and the price of the stock moved up from $19.27 to $28.00. 2. AAV is just now starting its divy run for this month, and I can tell you that she is going to break upwards, not downwards. That's why

On a practical note, your chart is wider than Karel wants it. I had a hard time learning that 700 pixels wide is maximum. Then Lye-baby told me to go to "Paint" and under "images" there is a line that says "attributes" which tells you how wide the picture is, and a line called "stretch/skew" that allows one to make the picture smaller or bigger. You may want to try that sometime.

Greetings,

Not trying to be a trouble maker,but AAV is an unhedged natural gas trust.I don't know if rising oil will lift AAV until fall,when NG begins to rise.

ERF and PTF have been the beauties as of late,HTE is stuck below 30.To us IB users,TSX trades are where its at IMO,Penn west and Canadian oil sands are strong buys from Kurt Wulff's site.They have gotten pricey,back when I mentioned COS,it was trading under 60,today 170, less than a year.

NBB do you like any pure oil plays?


cordially Tom

[New-born baby]

Greetings,

Not trying to be a trouble maker,but AAV is an unhedged natural gas trust.I don't know if rising oil will lift AAV until fall,when NG begins to rise.

ERF and PTF have been the beauties as of late,HTE is stuck below 30.To us IB users,TSX trades are where its at IMO,Penn west and Canadian oil sands are strong buys from Kurt Wulff's site.They have gotten pricey,back when I mentioned COS,it was trading under 60,today 170, less than a year.

NBB do you like any pure oil plays?


cordially Tom

Tom,
I have every dime I can spare in SUF, CNQ, NXY and SU. I am playing oil all the way, and avoiding the NG stocks right now. Perhaps in June or July I'll buy PMT.UN again. I love that company.
As for AAV, you are correct.

[dmk112]

TOM,

Have you considered an Ethanol play? Take a look at PEIX, it has been on a tear lately.

[dmk112]

Hey guys I'm thinking about cancelling my AMTD acct and get a seperetae acct to invest in CANS, do you have to pay the $9.50 monthly to get the quotes of these?

[TFred]

Hey guys I'm thinking about cancelling my AMTD acct and get a seperetae acct to invest in CANS, do you have to pay the $9.50 monthly to get the quotes of these?

Greetings DMK,NBB,and all,

I dont know about AMTD,but I would steer you towards Interactive Brokers.Its the best advice I've gotten from here,its really that good.You can trade directly on the TSX,and I'm curious to NBB if he buys his Canroys on the TSX instead of the NYSE?

I'm looking to get back into monthly distribution plays,with IB it opens up alot more trade possibilities.Now its just a matter of finding EX-dates to look for entries.

On another point,today an Oil ETF was launched,which will mirror crude futures.The leverage isn't there,but if oil goes to 100 this summer,it could be worth a look.I've never traded oil futures,anyone ever tried it?Looks llike the leverage on a NYMEX mini is steep.

cordially Tom

BTW,DMK did you trade currency yet?I thought I remember you mentioning a try at Forex.

[dmk112]

Tom, I am testing some strategies on currencies and traded a small amount with some success so far. I'm finding it time consuming now that I trade stocks and currencies especially that it is nearly 24/7

[New-born baby]

Hey guys I'm thinking about cancelling my AMTD acct and get a seperetae acct to invest in CANS, do you have to pay the $9.50 monthly to get the quotes of these?

You'll have to pay the $9.50 if you are with IB. Don't worry--it's worth it!

[New-born baby]

Greetings DMK,NBB,and all,

I dont know about AMTD,but I would steer you towards Interactive Brokers.Its the best advice I've gotten from here,its really that good.You can trade directly on the TSX,and I'm curious to NBB if he buys his Canroys on the TSX instead of the NYSE?

I'm looking to get back into monthly distribution plays,with IB it opens up alot more trade possibilities.Now its just a matter of finding EX-dates to look for entries.

On another point,today an Oil ETF was launched,which will mirror crude futures.The leverage isn't there,but if oil goes to 100 this summer,it could be worth a look.I've never traded oil futures,anyone ever tried it?Looks llike the leverage on a NYMEX mini is steep.

cordially Tom

BTW,DMK did you trade currency yet?I thought I remember you mentioning a try at Forex.

Tom,
Whenever I buy a Can, I buy it on the TSX. Right now, though, all of my dough is tied up in SU, VLO, SUF, and CNQ on the USA side. The reason: option chains are very, very nice here. The Cans are not optionable. Neither are they shortable.

[dmk112]

Have you seen AAV? Upside b/o on that triangle, I still don't have my acct setup so I can't buy any p/b are buyable!

[dmk112]

btw, anyone know if I can sort these trusts on the website by distribution yield?