$2,500 for a 2010 YZF-R6

[steel001]

Catchy title aye :lol:

Can it be done?

So it's 12 months before I can get my full and buy a 600, so I decided I have 12 months to invest in speccie shares and turn $2,500 into a new R6.

If I was to buy one it would cost $17,500 ish so the way I see it, it's either going to cost me $2,500 if I make it or $20,000 if I dont, simplistic statement I know but lets keep this simple.

I will keep this post updated as I buy and sell, should keep me on track.

Ok so 17/10/2009 I started my R6 portfolio with 100,000 VIL.ASX @ 2.5c, cost price $2,500 (will leave brokerage, exchange rates, tax etc out).

You would be wise not to follow any share trades I make, because chances are this will be an expensive bike .

Would be great to hear any tips if there are other traders out there.

[bogan]

best of luck to ya, and tell you what, if you can turn 2.5k into a brand spanking new r6, ill give you 3k for one, then you get $500 profit!

[pzkpfw]

Would be great to hear any tips if there are other traders out there.

Buy low. Sell high.

[danchop]

i like your mentality!!! have a look at vms they have found tungsten and are still drilling to prove up the resource,but the best thing is the mine is close to amenities and it is the only tungsten mine(if it does prove viable)that australia has but the chinese dont own

[ready4whatever]

Many traders think they have cracked it, then lose alot of money. A mate of mine makes a killing he reckons hes got it sorted. every now and then he will lose, but its all apart of the learning i guess. To me its like gambling kind of, but clearly some people have it sorted so good luck man.

and if you get good at it i will give you 2500 bucks and you can get me an R6, you'll get your cut of course :-)

Tony

[carver]

well, good luck to you, its better than scamway

[sleemanj]

Catchy title aye :lol:

Can it be done?


http://www.ipredict.co.nz/

There's some good returns to be made if you're brave, or at least alert.

[steel001]

Thanks dan, I will look at VMS it was a choice between ATI or VIL but VIL has the best short term look to it, I will change the risk profile as the portfolio grows.

ATI is one of the best mid to long term plays on the market at the moment IMO, ex-FMG CFO in Management, top quality Bauxite project in Vietnam, JV announcement coming soon but VIL should run hard as the spud date approaches, maybe I should have bought the options?

Thanks for the support guys

[YellowDog]

I did this a few years back with penny shares.

I have given up for good now. A few months ago there wer some absolute bargains around. They have also proved to be so, but it's like when you stop drinking; you can't just have the odd one.

Lost loads of money, but had one H U G E gain :)

Never again.

Would stongly advise you against, but if you have to, follow the Zulu principal.


and this was the result.

[steel001]

Cheers Yellow, I know how tough the markets can be and your right six months ago was a beautiful time to buy, I have some great REIT's in my portfolio that were hammered to unbelievable lows.

Do you mind me asking who the gain was on?

[Insanity_rules]

Good Luck, hope you do make it cause it would make for a good story. Me personally I'm waiting for some money to clear from Nigeria. A nice lawyer sent me an email that one of my long lost relatives died in a safari accident and all I had to pay was $1000 up front to clear a cool million. Nice score eh?

[danchop]

it is a great form of gambling in that you never lose your entire bet unless the co goes belly up which can take years of pain seeing the price retreat

[steel001]

it is a great form of gambling in that you never lose your entire bet unless the co goes belly up which can take years of pain seeing the price retreat

Haha I always run tight stops so as I don't become a 'longterm holder' if I don't want to be.

Vil has that sort of a risk to it, has valuations in excess of 40c if they hit, but are a one hit wonder and will be left with just a shell if they dont.

A Gamble? Yeah for sure, but an educated one, I plan to go free carried into this one, so lets see .

[YellowDog]

Cheers Yellow, I know how tough the markets can be and your right six months ago was a beautiful time to buy, I have some great REIT's in my portfolio that were hammered to unbelievable lows.

Do you mind me asking who the gain was on?
I was focussing on the computer gaming industry. The particular company I did well with was SCi Entertainment. They managed to get several games into the top 10 charts and were good at marketing the brand. They were quite clever in that they bought up the rights to well known TV names. Thunderbirds was one of their early ones and Futurama was one of their later ones. Fortunately the yanks invaded Iraq for the second time when their Conflict war game series was starting to flag a little.

The big money came when they bought EIDOS a firm 10 times their size. It all turned to poo in the end, but I had long since gone. If I had not been cured of this disease, I would have bought back in 2 years ago. They went from the dizzy heights of 620ish down to about 8p and got bought out at 32p.

If you are going to take this seriously, you need to invest the time and money in researching the main players. Know the CFO and CEO to the degree that you have a good idea as to whether they are winners or loosers.

Read the press and see what the competition is doing. Sell before it happens. If you have a mate with Level 2 pricing, you will be able to see the price of the Buy and Sell orders to see where the price will go before it happens. Small fish get snapped up by big fish. It's how it goes. Share prices can go x 10 in 10 days, but they can also go the other way by the same amount.

If you only want to make $20k, no one will mind and you will be able to tag on to the waves without raising any flags. If you try to make big money, then they will screw you out of the game.

A mate of mine worked his $10k credit card advance to a $10m (yes ten million). I told him to stop, but he'd converted all his holdings to spread bets and he had the illness badly. He got screwed off the planet. I don't know if he had anything left or if he was completely bankrupted. He didn't speak with me again.

Share trading = Worse than alcoholism.

[steel001]

Thanks for that YellowDog, I have only been trading/investing for a couple of years and seen some amazing things in the market, the GFC taught me some very valuable lessons. Always learning and trying to be a step ahead of the other little fish, have seen big money being ruthless and agree with you entirely, the markets are not a level playing field for your average investor.

The $2,500 is just a side punt for a bit of fun.

[YellowDog]

Sounds like you have the right attitude.

You win some and you loose some.

Just make sure that you learn when to stop.

Good luck.

[carver]

it is a great form of gambling in that you never lose your entire bet unless the co goes belly up which can take years of pain seeing the price retreat

sounds like drug dealing

[kiwi123]

I don't believe the kiwi will stay at it's current level for too long without killing the country so things will drop at some point.

For this to work, it will need to reach 75c, but not go above 80c, then drop to 60c

If the kiwi gets to 75c against the usd, open a trading acc with 100:1 leverage and take out a 50k sell position. This will cost you $500 and leave $2000 to absorb any negative movement against you. If it rises to 80c you will lose everything.

If it drops to 65c, you will be up $7500. Move your stop down to 70c and find an entry point to take out a second position with the $2500 profit you have just locked in. This is the riskiest part, as you will need to pick a good retracement to enter on, otherwise you will not have enough of a buffer to ride out any negative movements against you. If it heads back up to 67-68c take another 100k - 150k position.

You will only have about a 3-4c buffer here depending on position size, so if it goes against you, once again you lose pretty much everything.

(example, if you took a 100k position at 67c, you would have approx 4c of movement to "play with" before all your money and deposit dissappear)

If you can ride it out and it drops to 60c, sell everything and you will be up about 15k

There are a few other fee's like the interest rollover but it should't have a major impact if it works.

The chances of this going to plan are slim and I wouldn't recommend doing it, but the PM lives in a nice big house in Parnell because he did these sorts of things. Good luck!

[steel001]

OK one week down, didn't go as well as planned but still not a bad start. Am sticking with VIL pre spud as reckon this still has a way to go.

Initial Investment: 100,000 VIL @ 2.5c $2,500

Current Value: 100,000 VIL @ 3.2c $3,200

So $700 positive for the week, not a bad percentage gain of 28%.

Did hit 3.9c and I have traded my main holding a few times but I'm not day-trading my R6 portfolio just to keep it simple.

Need to try to get this into some sort of a format, will work on it.

[steel001]

I don't believe the kiwi will stay at it's current level for too long without killing the country so things will drop at some point.

For this to work, it will need to reach 75c, but not go above 80c, then drop to 60c

If the kiwi gets to 75c against the usd, open a trading acc with 100:1 leverage and take out a 50k sell position. This will cost you $500 and leave $2000 to absorb any negative movement against you. If it rises to 80c you will lose everything.

If it drops to 65c, you will be up $7500. Move your stop down to 70c and find an entry point to take out a second position with the $2500 profit you have just locked in. This is the riskiest part, as you will need to pick a good retracement to enter on, otherwise you will not have enough of a buffer to ride out any negative movements against you. If it heads back up to 67-68c take another 100k - 150k position.

You will only have about a 3-4c buffer here depending on position size, so if it goes against you, once again you lose pretty much everything.

(example, if you took a 100k position at 67c, you would have approx 4c of movement to "play with" before all your money and deposit dissappear)

If you can ride it out and it drops to 60c, sell everything and you will be up about 15k

There are a few other fee's like the interest rollover but it should't have a major impact if it works.

The chances of this going to plan are slim and I wouldn't recommend doing it, but the PM lives in a nice big house in Parnell because he did these sorts of things. Good luck!

Thanks Kiwi, am still trying to get my head around Forex trading. Will have some questions for you later no doubt.

[grusomhat]

Damn, not bad. If I didn't know how hard it really is I would say you made that look bloody easy.

Keep it up

[steel001]

OK Another week down , not the best as we had a capital raising thrown at us but the imminent spud means the shareprice had some traction.

Will be holding for the shortterm but this is where it will become interesting with the Spud date Friday.

Initial Investment: 100,000 VIL @ 2.5c = $2,500

Current Value: 100,000 VIL @ 3.6c = $3,600

2 Week Percentage Gain = 44% so not too bad.

A very interesting company if anybody cares to do any research is Medizone, based in the States.

[SPORK]

Your entire investment in one penny stock? Don't half take a risk do ya.

Keep us posted :)

[steel001]

Your entire investment in one penny stock? Don't half take a risk do ya.

Keep us posted :)

Haha only one stock for this one at the moment Spork, my actual portfolio is across 6-10 usually.

Will hopefully get the chance to diversify this one but just had to take a gamble on one I thought would get me some capital to get up and running.

[Tank]

$2,500 for a 2010 YZF-R6

100% risk free - Easy - How? See below































You just have to wait until 2020 when depreciation has done its magic.

[Cr1MiNaL]

good stuff if you need some off the record "advice" hit me up.

[steel001]

Bit of a shite week to be honest, placement shares hit the market and because the boys have no balls VIL was/is being sold down without mercy.

This is not such a bad thing though got stopped out at 3.4c so now holding $3400 cash, VIL currently trading at 2.6/2.7c so when I re-enter, which may be soon, I should be able to increase my holding to around 125-130K shares.

Next couple of weeks should be interesting, might get shows of oil/gas :msn-wink:

[steel001]

Bought 100,000 shares in VIL @ 2.5c yesterday and holding $800 in cash, got a small buffer now incase there is no oil down the hole. Will look at investing the cash come Monday depending on how the markets are holding up.

So Initial investment $2500

Current Value $3,400

Holding 100,000 VIL @ 2.5c = $2,500
Cash = $800

[Winter]

any updates or did you loose it all and they have sent the repo boys out for your pc?

[steel001]

Ok all, sorry for the lack of updates but with Christmas/New Years etc everything was a bit quiet and to be honest I didn't realise people were actually watching lol

Still holding 100,000 VIL which after some Oil/Gas shows are trading at 4.5c so this has been a great buy so far, Monday will be interesting as we should find out if there is any Oil down the hole.

Also bought 160,000 @ .05c MHL with the $800 I had in the bank, is trading at .07c today so a small rise but Tony sage from CFE likes it so that's good enough for me.

So Initial investment $2,500

Holding 100,000 VIL @ 4.5c = $4,500

160,000 MHL @ .7c = $1120

So $5620 value from a $2500 investment, not bad but it won't buy me a bike yet.

Will update again on Wednesday or earlier if I buy/sell.

[Winter]

I 've been following this with interest.. Got in at 2c with VIL at 150,000 and out a few days later at 3.4c.
Was just the last little bit I needed for my new bike :D Goodluck,

keep us posted.

[steel001]

Awesome mate, good stuff!

Am holding 2 mill on the heads in my main trading account but with a higher average than yours @ 2.3c, seriously thought about selling down a bit today to decrease my risk exposure, but hey what the hell aye got to be in to win. Will set some stops come Monday and if all goes pear-shaped hopefully be able to get out without been to badly burnt.

Will make for a long weekend and will be little sleep Sunday night I reckon.

Really like the look of TGA for a longterm buy, ATI as well but a riskier play. And as obviously stated am a fan of anything Tony Sage does.

[Cr1MiNaL]

I made a $500 profit in a week 2 weeks ago. Best thread on KB.

[Cr1MiNaL]

Awesome mate, good stuff!

Am holding 2 mill on the heads in my main trading account but with a higher average than yours @ 2.3c, seriously thought about selling down a bit today to decrease my risk exposure, but hey what the hell aye got to be in to win. Will set some stops come Monday and if all goes pear-shaped hopefully be able to get out without been to badly burnt.

Will make for a long weekend and will be little sleep Sunday night I reckon.

Really like the look of TGA for a longterm buy, ATI as well but a riskier play. And as obviously stated am a fan of anything Tony Sage does.

Your attitude is perfect for share trading. Can i be your broker :first:

[R6_kid]

It's not very often that you double your money through 'no effort'. Good work mate, do keep us posted. You should graph your progress in excel so it's a bit more obvious how things go.

[Cr1MiNaL]

It's not very often that you double your money through 'no effort'.

Oh mate, you are so far off track. Research takes 99% of your time, placing a bid takes a matter of minutes and seconds if you use a broker/ financial adviser. I remember when I was a broker/ financial adviser I would spend 3 hours a day 5 days a week reading and researching material and companies before advising my clients. Not to mention the industry events, and regular tests you have to partake in. Research is to some people, a full time job.

[steel001]

I made a $500 profit in a week 2 weeks ago. Best thread on KB.

Haha Cheers Criminal, are you still holding any mate?

One of the big earners for me last year was PRR looks like there could be some news around the corner, will look at buying back in shortly.

Anyone else got any suggestions?

[sil3nt]

I love how you double your money and act like its nothing. I think i need to get in on this whole investing thing.

[Cr1MiNaL]

At the moment I only have some ANZ stock; but I did do some research on a gold based derivative stock last year. The company was going to diversify it's gold mining operations in Feb and expand it's mining operations to include mining copper in South Africa pending government permits to start digging, if they go ahead BAM... I can't remember the name off hand got it written down somewhere. It was a "rapid buy" classified stock. AIA and FBU are always a good long term bet I reckon.

[timetoride]

Cool Thread, I have always been interested in shares but have never really learnt about them or had the balls to have a crack... Will watch with interest...

[brendonjw]

Hows this going?
I've been watching with interest and beginning to wonder where about to start looking to do some small time stuff like you are, Any advise for starting it off or a point in the right direction of where i can look?

Cheers

Brendon

[kiwifruit]

Cool Thread, I have always been interested in shares but have never really learnt about them or had the balls to have a crack... Will watch with interest...

Same here!

[Spyke]

Same here!

+1 to that

[carver]

+1 to that

Japan Airlines have sunk right down, they may merge or get a bailout, the latter would be lucky as japan is still in dire straights, but how often do national carriers go under?

[Winter]

I Hope your still holding that VIL.ASX.. trading at 4.9 today! 1 more point and your at double ya money. If I had kept what I bought at 2.0c!

[steel001]

Update coming later in the week VIL traded at 9.5c today, closed at 7.8c

Busy renovating a house and no internet.

[Jonno.]

How does one trade penny stocks? What are commision/fees like.

[Cr1MiNaL]

How does one trade penny stocks? What are commision/fees like.

Fees are dependant on the broker or service you use... usually around $50 for a call or a put. Can be more for more complicated options/derivatives.

[sil3nt]

Any update on this?

[danchop]

yeah vil last traded at 2.9cents

[Mudfart]

pity noone bought hard out when the accident haoppened the other day on the NASDAQ? wasn't it. some top company shares dropped to fuk all, then recovered. woulda been a nice little earner. infact, i bet someone made a goldmine out of it.......

[steel001]

pity noone bought hard out when the accident haoppened the other day on the NASDAQ? wasn't it. some top company shares dropped to fuk all, then recovered. woulda been a nice little earner. infact, i bet someone made a goldmine out of it.......

And I bet loads did, imagine if you had shorted the DJIA to 10,000!, they are saying broker error but wiping 10%+ off the biggest exchange in the world because they used a (b) instead of an (m)?! Anyone cynical?

Hate saying I'm going to do things and not following through with it, so sorry for not keeping up with it.

Trailing stops are my saviour, learnt to use them during the GFC when I didn't want to exit a winning position.

VIL set me up well for the year taking longer than expected so sold, buying back lately will see movement shortly

ATI I mentioned it earlier, had a run and will again on funding it's a longterm buy for me but I am bias she is one of my favourites. Helped buy me a K7 GSXR, the new love in my life just wish I was a better rider!

MHL massive percentage movements due to it's price but a hold for now, although I am down.

VMS seems to have been a great call wish I had bought some!

On the American exchanges look at GOIG and MZEI the later is one to really watch!