Yoda 1 Posted June 18, 2008 Share Posted June 18, 2008 Asia would seem to have the best growth potential.Yep, China & India are huge. I forget the statistics, but something nuts like < 10% of population using plastic right now. It's just starting to gain traction. Link to post Share on other sites
Yoda 1 Posted June 18, 2008 Share Posted June 18, 2008 Strange day, market looks terrible but I am up. Sure could use an oversold rally into the close here... Link to post Share on other sites
CaneBrain 95 Posted June 18, 2008 Share Posted June 18, 2008 Visa has a forward P/E of 35? And, as you say, everyone already carreis and uses a Visa card, so what is their growth potential really? How easy will it be to double their profit needed to justify the price?This was a great IPO play. Long term holding? No way.MasterCard seesm to have a slightly better future P/E, but in my opinion, is still a bad long-term purchase.adding on to the other responses to this....as the world increasingly switches from cash to debit.....I think more people will end up with multiple visa cards.....and yeah their potential in emerging markets was what convinced me to buy.Also, since I got in at 58 and it is now above 80 I can always wuss out if it drops below 68 and still make 3000 and move on to something else.So thank you for complimenting my IPO purchase Link to post Share on other sites
CaneBrain 95 Posted June 18, 2008 Share Posted June 18, 2008 Strange day, market looks terrible but I am up. Sure could use an oversold rally into the close here...lucky you. every stock I own is down except General Dynamics. Link to post Share on other sites
Yoda 1 Posted June 18, 2008 Share Posted June 18, 2008 adding on to the other responses to this....as the world increasingly switches from cash to debit.....I think more people will end up with multiple visa cards.....and yeah their potential in emerging markets was what convinced me to buy.Also, since I got in at 58 and it is now above 80 I can always wuss out if it drops below 68 and still make 3000 and move on to something else.So thank you for complimenting my IPO purchase I have 0 Visa's and 2 Mastercards in my wallet, boo ya :-P Actually my bank card might have a Visa logo, but I don't use it. Link to post Share on other sites
dms26 3 Posted June 18, 2008 Share Posted June 18, 2008 I have 0 Visa's and 2 Mastercards in my wallet, boo ya :-P Actually my bank card might have a Visa logo, but I don't use it.I have a check/debit card from my bank that is Visa. I had to use it yesterday while depositing a check, it had expired 11 months ago. Shows how often I use it. Link to post Share on other sites
CaneBrain 95 Posted June 18, 2008 Share Posted June 18, 2008 I have 0 Visa's and 2 Mastercards in my wallet, boo ya :-P Actually my bank card might have a Visa logo, but I don't use it.thanks for helping me out....if you ever travel to Calcutta, tell them to use Visa please! I cant afford to purchase Mastercard stock right now....price is too high. Link to post Share on other sites
Yoda 1 Posted June 18, 2008 Share Posted June 18, 2008 thanks for helping me out....if you ever travel to Calcutta, tell them to use Visa please! I cant afford to purchase Mastercard stock right now....price is too high.The price is irrelevant. If you can afford to buy 10 Visa, buying 3 MC is the same thing. Link to post Share on other sites
CaneBrain 95 Posted June 18, 2008 Share Posted June 18, 2008 The price is irrelevant. If you can afford to buy 10 Visa, buying 3 MC is the same thing.I cant afford to buy much of anything right now without selling something off.Trying to save my liquid cash for a down payment on a house.....going to look to buy one in a few months.I obviously understand your point....I cant afford to buy anything right now. That is putting it better. Link to post Share on other sites
Yoda 1 Posted June 18, 2008 Share Posted June 18, 2008 I cant afford to buy much of anything right now without selling something off.Trying to save my liquid cash for a down payment on a house.....going to look to buy one in a few months.I obviously understand your point....I cant afford to buy anything right now. That is putting it better.lol gotcha.--------The Bears want to break Dow 12000. HOLLLLLLLLLLLLLLLLLLLLLLLLLD. Link to post Share on other sites
CaneBrain 95 Posted June 18, 2008 Share Posted June 18, 2008 lol gotcha.--------The Bears want to break Dow 12000. HOLLLLLLLLLLLLLLLLLLLLLLLLLD.well it dipped below 12000 (eek!) but it is back above now.this downward spiral has to end sometime.....right? (maybe when Bush is gone?) Link to post Share on other sites
Yoda 1 Posted June 18, 2008 Share Posted June 18, 2008 well it dipped below 12000 (eek!) but it is back above now.this downward spiral has to end sometime.....right? (maybe when Bush is gone?)Yea but they wanted to get back under there at the close is what I meant. Bush doesn't matter...we just need to get out of the credit/financial/housing crisis without 10% inflation Link to post Share on other sites
CaneBrain 95 Posted June 18, 2008 Share Posted June 18, 2008 Yea but they wanted to get back under there at the close is what I meant. Bush doesn't matter...we just need to get out of the credit/financial/housing crisis without 10% inflation oh is that all we have to do? no biggie then! I think Bush matters in a very indirect way.....a large majority of the country has totally lost faith in our president/the executive branch and a change (whether McCain or Obama) has to shore up people's confidence somewhat. Link to post Share on other sites
Dratj 0 Posted June 18, 2008 Share Posted June 18, 2008 The price is irrelevant. If you can afford to buy 10 Visa, buying 3 MC is the same thing.QFT. Worse case just buy an odd lot. So, today I bought lots( to me anyways) (4800) shares of Potash One at 5.35 on the TSX. First day on the big board. Used to be on the venture exchange. Closed at 5.54. Ship it! Oh wait, I didn't sell yet. Anyways, I have great hopes for this small cap, I've given up on Potash north, the graph looks like a spike so too risky. Bankroll management 0, gambool 1. I always laugh when the bank asks me if I want my rrsp's in risky or safe and when I look at risky, it's superdiversified and I'm thinking, this is not risky at all. Wish me luck everyone. Link to post Share on other sites
Yoda 1 Posted June 18, 2008 Share Posted June 18, 2008 QFT. Worse case just buy an odd lot. So, today I bought lots( to me anyways) (4800) shares of Potash One at 5.35 on the TSX. First day on the big board. Used to be on the venture exchange. Closed at 5.54. Ship it! Oh wait, I didn't sell yet. Anyways, I have great hopes for this small cap, I've given up on Potash north, the graph looks like a spike so too risky. Bankroll management 0, gambool 1. I always laugh when the bank asks me if I want my rrsp's in risky or safe and when I look at risky, it's superdiversified and I'm thinking, this is not risky at all. Wish me luck everyone.Crossing my fingers for you. I wish we traded on the same exchanges, I would totally make some quick trades with ya (except at much smaller amounts haha) Link to post Share on other sites
WrongWay 0 Posted June 18, 2008 Share Posted June 18, 2008 Asia would seem to have the best growth potential.Ohhh, yeah. My bad. Never mind. Link to post Share on other sites
WrongWay 0 Posted June 19, 2008 Share Posted June 19, 2008 this downward spiral has to end sometime.....right? (maybe when Bush is gone?)Sure, after 10 million homes have been foreclosed on, after most major home builders are bankrupt, after all commercial construction has stopped and we have a huge bankruptcy blowout there that will make the S&L collapse look like nothing in comparison, after many trillions in losses have been realized, after 20+% of the U.S. population has gone through bankruptcy, after a long and ugly collapse of small business, after sevral dozen mid-size banks have collapsed, after FDIC has been bailed out by taxpayer money, after Freddie and Fannie have collapsed and been bailed out....After a decade of stagflation or great depression... Then the downward spiral will finally end.This problem in on the order of magnitude of all federal budget deficits since Reagan took office. That is how much extra debt U.S. household added in the last 8 years. They can't afford that debt.Yeah, the Fed has held off the collapse with a huge drop in interest rates and hundreds of billions in loans to banks and brokerages... But we see the inflation that is triggering. What happens when the $300 billion turns into $3 trillion?We're not even 1/10th of the way through this. Link to post Share on other sites
Dratj 0 Posted June 19, 2008 Share Posted June 19, 2008 Crossing my fingers for you. I wish we traded on the same exchanges, I would totally make some quick trades with ya (except at much smaller amounts haha) yah, that would be fun. You could trade on the tsx if you wanted to, it just costs you the exchange rate to convert funds. I trade on the us exchanges sometimes, i.e. Visa. smaller amounts are probably the smart thing to do. You obv. manage your bankroll much better. It's just that it's so hard to do when you really don't have that much money to play with. Link to post Share on other sites
Janfor99 0 Posted June 19, 2008 Share Posted June 19, 2008 I have 0 Visa's and 2 Mastercards in my wallet, boo ya :-P Actually my bank card might have a Visa logo, but I don't use it.Yeah, but you have an official "J-E-T-S FAN" card in your wallet too....so what do you know" :PI have 0 Visa and 0 MC cards in my wallet (not counting bank account debit card). Sure, after 10 million homes have been foreclosed on, after most major home builders are bankrupt, after all commercial construction has stopped and we have a huge bankruptcy blowout there that will make the S&L collapse look like nothing in comparison, after many trillions in losses have been realized, after 20+% of the U.S. population has gone through bankruptcy, after a long and ugly collapse of small business, after sevral dozen mid-size banks have collapsed, after FDIC has been bailed out by taxpayer money, after Freddie and Fannie have collapsed and been bailed out....After a decade of stagflation or great depression... Then the downward spiral will finally end.This problem in on the order of magnitude of all federal budget deficits since Reagan took office. That is how much extra debt U.S. household added in the last 8 years. They can't afford that debt.Yeah, the Fed has held off the collapse with a huge drop in interest rates and hundreds of billions in loans to banks and brokerages... But we see the inflation that is triggering. What happens when the $300 billion turns into $3 trillion?We're not even 1/10th of the way through this.Damn...I've been away from this thread for awhile and I come back to find that stuff is still on the table!!!! Link to post Share on other sites
Yoda 1 Posted June 19, 2008 Share Posted June 19, 2008 Yeah, but you have an official "J-E-T-S FAN" card in your wallet too....so what do you know" :PI have 0 Visa and 0 MC cards in my wallet (not counting bank account debit card). :DDamn...I've been away from this thread for awhile and I come back to find that stuff is still on the table!!!! If you put him on ignore the thread flows quite well. It's been very productive lately :)And don't make fun of my Jets card you damn super bowl losing patriots fan! Link to post Share on other sites
CaneBrain 95 Posted June 19, 2008 Share Posted June 19, 2008 If you put him on ignore the thread flows quite well. It's been very productive lately :)And don't make fun of my Jets card you damn super bowl losing patriots fan!I have been complimenting a Jets fan this whole time? damn it all..... Link to post Share on other sites
Yoda 1 Posted June 19, 2008 Share Posted June 19, 2008 Sweet! http://biz.yahoo.com/seekingalpha/080618/81860_id.html?.v=1New Wind ETF - Ticker Symbol FAN (love it).Have to find a full listing of the holdings - but if I can't get behind 1 or 2 specific companies I might go this way. Link to post Share on other sites
Yoda 1 Posted June 19, 2008 Share Posted June 19, 2008 Sirius/XM - Ouch! Link to post Share on other sites
owise1 0 Posted June 19, 2008 Share Posted June 19, 2008 Any option traders here?How about selling some BCE Jun 35 or 40 Calls. Seems like pretty safe and easy money to me. The calls expire tomorrowYahoo linkowise1 Link to post Share on other sites
Dratj 0 Posted June 19, 2008 Share Posted June 19, 2008 Sirius/XM - Ouch!What's going on there? Link to post Share on other sites
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