Good tip new born Ijust bought It 3/1
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$27
Originally posted by canaveraldanHi new-born. My target is 18% which is $26.75. I've been looking for something in the Energy sector. I was looking at VPI but it has some problems with the SEC. I like the fundamentals on CHK and the increase in volumn is encouraging.
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New-born,
Here's a hot one that's been trading less than 2 months. You might like it with it's Canadian connection.
Resverlogix (toronto stock exchange) symbol RVX is a Canadian biotech company with a market cap of approx. 175million. They are soon to begin trials on a cholesterol drug that will enhance good cholesterol (HDL) instead of lowering bad cholesterol as is the case with Lipitor , Zocor and other popular brands. They are competing against Pfizer and other giants. They are burning through $ at fast clip , but seem to be quite legit and soon expect to be in partnership with funds readily available. They also have drugs in development that help develop an immunity to certain types of cancer. However, the cholesterol project is their main concern. In the last 6 weeks the stock has gone from 5.95 to 7.90 (Canadian approx 1.23 for 1 U.S. dollar). Although it is highly speculative , in my opinion it has a lot of juice and hype that will keep it going at least a few months.
I can drive to Canada in about 2 hours. Was thinking about opening an account there that could also be used for Can-roys. Do I have to be a Canadian citizen ? It would be nice if the account could be accessed and traded from my computer . Some friends bought a TSX stock, but had to pay the local broker about $150 in fees.
billyjoe
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BillyJoe
BillyJoe,
I do not think driving to Canada is a necessary thing for you to do.
Here's the simple way:
1. Get an Interactive Brokerage Account (hereafter "IB").
2. Set up an account funded with Canadian dollars. (Simple: IB will just take your US dollars, exchange the money for a fee of $3, and you are in business. They do all the rest for you).
3. Buy and sell on the Toronto Stock Exchange just like you do with your Scottrade/Ameritrade account that you have now: through your computer!
Easy, eh?
Now let's talk IB fees: .02 CANADIAN (that's .016 USD) per share for the first 500 shares. Cheap, eh? After 500 shares, the price drops to .01 CD per share. And don't forget you get all those delicious TSX streaming quotes that Scottrade, Ameritrade and all the others won't give us now. AND, the biggest blessing, is that you can buy and sell real good companies like Acclaim, Paramount, Harvest, Baytex and NAL Energy Trust.
I am not interested in any speculative drug companies. ELN filled my craw, and I didn't even own any. Sick for King. I'm an oil man.
Last piece of advice: you can make a lot of money in the Cans the easy way, and they are not speculative. Play it safe, will ya?Last edited by New-born baby; 03-03-2005, 09:18 PM.
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Originally posted by New-born babyWe must think somewhat alike because I had a technical first target of $27, and a secondary target of $34. Best to you!
If I pull out my crystal ball, I can see that it might be about to make a big head, possibly and island reversal, a right shoulder, then a drop back down to 18.00 support. That's my best guess anyway
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Sfl
Originally posted by spikefaderNuffin! It's all good.
I hope my post was clear, but in case it wasn't, here's a clarification:
If you owned SFL on 3/3/05, and hold thru 3/7/05, you'll receive 50 cents per share. Most SFL owners got their shares as a gift from owning FRO before 2/23/05 and holding through 3/1/05.
By the way, I am very glad to see FRO up for you today. I prayed it would go up, as I wouldn't want you to lose any money, even if it does prove that I don't know anything.
Thank you Spike!
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Originally posted by New-born babySpike,
I hope my post was clear, but in case it wasn't, here's a clarification:
If you owned SFL on 3/3/05, and hold thru 3/7/05, you'll receive 50 cents per share. Most SFL owners got their shares as a gift from owning FRO before 2/23/05 and holding through 3/1/05.
By the way, I am very glad to see FRO up for you today. I prayed it would go up, as I wouldn't want you to lose any money, even if it does prove that I don't know anything.
Thank you Spike!
lol Even IF someone said they had proof of it, I'd tell them politely and with every good Christian intention where to put it for youThey obviously wouldn't have seen the stuff you contribute to this forum.
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Hot pick for me today:
Short MSO now at 34.40, stop at 34.80.
Charts here http://www.mrmarketishuge.com/forum/...postcount=2290
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