Equity!

[Rudey]

Originally posted by CC1GC
Hey folks, i've started a thread for us market watchers. Here we can list which stocks to watch and your own all-star.

To Buy: Nortel. Nortel is currently over-valued now, trading around the low 4.40s i'm watching the stock to fall when it's earnings are released. If it falls to 4$ canadian - now it's about 5.70, i'm buying.

My superstar: Bom, class B shares. I bought 300 @ 3.35 ($CAN) on the day that the major restructuring was announced. Today they closed at 6.17 ($CAN).

P.S. Here you go rudey, take this bull by the horns.

Why don't you short nortel or buy an option on it if you believe so strongly in it?

To tell you the truth I've put most of my money into bonds. I lost a bit in speculatives in south america but i cushioned it slightly. I'm actually thinking of New Zealand right now but that's based on something my friend said when he was drunk so I don't know how much i want to touch that.

As for straight stock, I'd buy a put option on Yahoo just because I think it's overvalued. Most of its income is from advertising, which isn't too great, and on top of that it's losing market share to google and MS should give both a run for their money. So I have no idea why it's a strong buy rating. But there are some idiot analysts telling everyone to do so.

I think I like PTR.N though. It's getting more hype than it should because of a certain famous investor but I think it's a good buy.

-Rudey
--I don't touch this sector at work though because i deal mainly in bonds but maybe it'll be worth something.