$2,500 for a 2010 YZF-R6

[steel001]

Catchy title aye

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

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.