RE:RE:RE:Hope
Re: 38: My daughter has $52,587.00 USD in Berkshire Hathaway in her trust account with some other stock holdings in there along with the TD Greenline Cdn Small Cap fund..at 16 she's doing pretty good and invests on her own thru a transfer from her account into our account into the TD US Large Cap fund $25 per pay cheque from her work but it goes thru my account as a minor cannot hold stock or mutual funds in their own name till they reach the age of 18-and she read the Wealthy Barber as a 13yr old and probably understand the principles of investment...long term investment better than you from what I can gather...not speculating but investment...so thanks for your concern jackazz
I don't over invest in specs pure and simple-50,000 share position and selling half on any spec play no matter the price as long as it doubles is risk management strategy by removing your own money ASAP when the opportunity exists...did it on Transgaming with the same size of position taken on entry and announced on this thread close to some 4yrs ago at .155 average cost and selling nearly 2/3rds in the low .50's to remove my own money and leave behind a positon free and clear to whatever upside still came and protected against any downside which happen to come from that point more then further upside...I do it on all spec plays be it Eurocontrol which you like to tout...V. EUO and have removed principal there along with profit selling in the.15range from an average price of .055- to -.06 per share-if Eurocontrol does what its suppossed to do 25,000 shares is more then enough exposure on any single spec play from a 50,000 share position taken...I have done it on three separate occassions on TSE MM MoodModia and it generates $1/2billion per year in revenue-dosen't matter to me...any spec play i always adhere as much as possible to selling half on any double...and fwiw I am up 35% in one week on the position taken appx one week ago in TSE DWI..>Dragonwave and announced as such on this thread as well which i do on all stocks from the spec side I enter...I own shares in CN Rail due to the employee direct purchase plan and partcipating employees can purchase up to ten percent of their gross biweekly pay and the company gifts an additional 35% more CN common stock thru the discount brokerage Compucheq or Compushare can't remember off the top of my head without reviewing the account...no change purchase and participating employees can cash out the next day and pocket the 35 percent gifted shares but have to pay a flat discount brokerage fee on the sale..not on the buy but on the sale and I maxed out on the allowable ten percent per participant right from day one...what I post on is typically spec..the threasd at CN would show my name there if you scroll back but I stopped posting on it a couple years back and only occassionaly post on BRK.B...and nothing mo so reserve your comments about a minor-feel sorry for yourself touting stocks at .02 a share on the venture exhange doing business in the far east ala V. PKK or V.SQG cuz that's all you post on and invest in.
Do I loose on the odd investment-sure...every one does...sometimes my shirt on a particular investment but thankfully its offset with some of the winners -but I will undoubtebly still make the odd blunder like any investor and do not lay claim to being any different in that regard but the selling half on any double ensures that even if you wind up over the long haul being proven wrong whereas earlier looking like a sage or guru? with your own money out of the way by selling half-even at .01 per share your still able to get out unscathed and with small sum of profit...to me that's prudent...smart and advice well worth taking solace in-unlike you I don't live or die in results from the spec space and where I do place money in this space I have a strategy to remove principal by selling half on any double in the spec space or for that matter in the Blue Chip space to...except Berskhire Hathaway Baby B.s BRK.B...that one I have held since 98 before the big push of the tech bubble when everyone was moving into tech I was buying Berskshire (along with select tech plays) and was paying in the $800's for back then was an inital positon of 80 shares...which with the 50: 1forward split appx 5yrs ago without additional purchases (which their were) equated to 400 shares today at appx $145per share US currently..yes some of those shares are in my kids education fund AND trust fund...its right there in my stockhouse blog if you want to go read it as a core holding written a couple of years ago vs just me making it up.
I recently added Graham Holding Co in the Blue Chip space and LEE...both holdings in Berskire Hathaway altho Graham Holding was divested awhile back when Buffett sold his holdings companies position in GHC back to the company in exchange for some equity in one of their subsiduarys and cash....and since you ask I purchase one share a month of berkshire in my daughters Trust and have since she entered high school along with the lump sump purchases made since her birth and a transfer in kind to her account from my personal holdings
in Berkshire the day she arrived home from the hospital.
Typically for me a spec play is more along the lines of Rugged.com which was a 4 bagger in a year and half hold when it was purchased outriight for its dominance in the extreme commercial grade router space..but I will go into the excessive spec space to...with the same criteria...sell half on any double if one is so lucky to see that return and hopefully early.
Those that claim (and they are many on stockhouse that do so) to invest 1million plus shares at .015 per share in a thinly traded stock are probably with better odds of possibly hitting the jackpot then buying a lotto ticket...but I personally think its foolish and it will show in peoples posts their leve of over exposure of not being able to remove their own money early and being in a positon of overexposure to large to manage.
I try to build a porfolio of spec investments held free and clear and build a portfolio of spec exposure in that manner vs having it all rolled into one egg or just a couple of "Spec Bets" like your sorry azz of an investor by comparision.
How's your investments doing by they way...?
Please enlighten us cuz your handle here at stockhouse shows a littered landscape of nothing but bloodletting with everything your posting handle is attached to.
So go look in the mirror if you want to feel sorry for anybody jackazz...but I think your probably already self absored with self pity already and reading your posts and seeing what you invest in?
One can understand why.
SS
RE38 wrote:
shawshank wrote:
Logic...won't matter-lawyer or not won't matter-there are enough caveats in their own charter that would exclude anything responsibility wise. I have had Investors Edge and TD who I trade on both platforms...see both Institutions make mistakes on paper work and a delay as a result from fund transferance....one was LIRA funds and the other was cash back from a mortgage renewal-5 banking days on the first and nearly two weeks on the other as the PBR responsibile went on holidays and forgot to enter the paperwork into their system before the long weekend this past May and the funds did not get deposited till he returned-otherwise instead of purchasing 50,000 shares in V. EUO at .06 average cost per share would have purchased 100,000 instead...it doubled almost 2 weeks after I entered the stock and is up nearly triple from what I paid on an average cost-but the banks delay cost me what $4000 dollars on the other 50,0000shares I did not buy at .06 now trending at .14?
That was Investors Edge.
TD was not much bettetr-but a month ago I went into the local Greenline branch to deposit $1500 in my daughters RESP as she is in the last year of elibiliity and another $500 USD into her trading account to purchase a few more Berkshire Hathaway BRK.B NYSE in her Margin Account also held in trust ...on her birthday.
TD put the $1500 in her trading account and bought some Mutual fund in her name vs my name in trust with the other $500 that was told to the PBR to deposit it into the Trading account...their system was down for a hour or so at the time of the appointement and I had brought my daughter down with me so she could see what and how being an investor was all about...and the PBR said they would enter it into their system and do the transactions when it came back online...well the PBR screwed up so bad that she actually purchased a mutal fund in my daughters name vs my own different from the mutual fund held in her RESP-and at 16 she is not allowed to be sold any type of stock investment till the age of
It shouldn't happen but at my age of Double Nickel...55...you find out over time it happens more times than it really should.
SS
Logicwouldsay wrote: Hope it stays under $0.07
otherwise I'll have to get a lawyer to get on CIBC s case.
cuz CIBC delayed over 5 days and counting transfer funds
by screwing up a form.
I feel sorry for your daughter for having such a stupid dad. 55 years old and all you can afford is $3,000 for EUO...and you cry about it like a little girl that you missed out on the other $3K. You know what would have made bigger money? If you actually put in a trade worth a damn, like 1M shares + on EUO at 6 cents. Instead of crying about TD costing you $4K you should cry about yourself costing yourself millions over the years.
I've never had one problem with TD, but that's probably because I'm not some kind of ham and egger client that makes $3K trades then yaps about it on Stockhouse.
Usually I can't stand personal anecdotes on stock boards (no one cares about your trading diary here on the TNG board), but for you shawshank I make an exception. Your stories are just so funny and it gives a lot of fodder to attack you with when you start unprovoked attacks like you did with me on the SQG board.