VGStockz: General Questions

[johnsobas]

Vinniegambini said:

johnsobas said:
congrats to those who bought the nintendo stock, i was really thinking about it but went with Canon instead. Canon just happens to be up about the same amount. I have most of my money in gold and gold stocks and some other stuff. Made a lot of money lately but i think it would have been difficult to lose money over the last few weeks.

I was about to invest in Canon too but chickened out. For real, the market has been rallying like crazy these past two weeks. It's almost too good to be true. Had bought Santander and BBVA shares earlier during the Spain debt crisis and they almost doubled their value in an amount of less than 2 months. Dunno if I should sell them tmrw? :s

I would sell, those yields are nice but i can't imagine wanting to hold those stocks long enough to collect them.  That was a brave move buying spanish bank stocks but I think you're playing with fire buying any banking stocks.  The announcement of the bond buying plan might be the peak for these stocks, when people find out how bad things are gonna while trying to obtain these bailout funds i think it's gonna be bad.  With that said there could be some more upside in the short term, especially with the Euro breaking out over $1.3, i think we're in for a short term breakout upside.