OT: cycling stocks?

"Ken C. M." <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

no not socks. STOCKS. I just opened an account with an online brokerage
comapny(which I probably should have done more than a few years ago, but
oh well) and now I am wondering about cycling and bike related stocks. I
know of Dorel Industries (owns Pacific) does anyone know of other bike
publicly traded stocks? Thanks.

Shimano [SHMDF] is publicly traded, and it's a good general bet on the
bicycle industry BUT
It's a Japanese stock and listed only on Japanese exchanges. I bought some
last year and my online brokerage firm tacked on a bunch of additional
commissions to the purchase, and informed me that there would be a
nontrivial annual holding fee. I got the additional commissions reversed
(because they were unable to cite justification from them in their own fee
schedule!) but decided to sell because of the holding fee. I did make a
small profit.
My point about this is to check before you buy a foreign stock. Some are
trivial to own (Shell, BP, etc.) but others are a big pain.
At the time, I looked and Dorel and it didn't look interesting, but that
was then.

"Mike Kruger" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

"Ken C. M." <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

no not socks. STOCKS. I just opened an account with an online brokerage
comapny(which I probably should have done more than a few years ago, but
oh well) and now I am wondering about cycling and bike related stocks. I
know of Dorel Industries (owns Pacific) does anyone know of other bike
publicly traded stocks? Thanks.

Shimano [SHMDF] is publicly traded, and it's a good general bet on the
bicycle industry BUT

After a quick perusal, another BUT is that it is a very illiquid stock. The
average share volume shows as 100 shares. If you do want to sell you might
have trouble finding a buyer.

Quoted message said:

It's a Japanese stock and listed only on Japanese exchanges. I bought some
last year and my online brokerage firm tacked on a bunch of additional
commissions to the purchase, and informed me that there would be a
nontrivial annual holding fee. I got the additional commissions reversed
(because they were unable to cite justification from them in their own fee
schedule!) but decided to sell because of the holding fee. I did make a
small profit.
My point about this is to check before you buy a foreign stock.

Also be aware of currency risk, regional risk and sector risk.

Quoted message said:

Some are trivial to own (Shell, BP, etc.) but others are a big pain.

Those are ADR corporations [American Depository Receipts] which makes
trading them as easy and cheap as trading US equities.

For a description of ADR's: http://www.investorwords.com/120/ADR.html

Energy has been my biggest hedge play for bikers for several years.
Still is a good sector along with gold.
The ETF's have less volatility. Individual stocks have more gains and more
losses and you should have more experience.
Hurricanes and terrorists will never disappear
The US side has more downside so I would not be buying them.

Do your own dd

trino said:

Energy has been my biggest hedge play for bikers for several years.
Still is a good sector along with gold.
The ETF's have less volatility. Individual stocks have more gains and more
losses and you should have more experience.
Hurricanes and terrorists will never disappear
The US side has more downside so I would not be buying them.

Do your own dd

My initial purchase was evergreen solar (eslr) because I read that they
signed a $200 million contract, then two days later announced 2q loss.
Stock has been in a downward trend since then. But I'm not getting out
just yet. I still think solar is a up and coming trend. Particularly
with the world increase in oil usage and the price of oil.

Ken
--
Messengers and mountain bikers share a common chromosome. ~James Bethea

But I'm not getting out
just yet. I still think solar is a up and coming trend. Particularly

Yep, time to buy more if you like it.
PEIX is an ethanol etf which Bill Gates is a big part of.
try a look at creststreet power and income fund CRS.un-tsx
11% yield to keep you holding on.

"trino" <[email hidden]> wrote in message
news:TAqyg.258621$IK3.204528@pd7tw1no...

Quoted message said:

But I'm not getting out
just yet. I still think solar is a up and coming trend. Particularly

Yep, time to buy more if you like it.
PEIX is an ethanol etf which Bill Gates is a big part of.
try a look at creststreet power and income fund CRS.un-tsx
11% yield to keep you holding on.

Nelson Rockefeller is said to have commented that he knew it was time to
get out of the stock market in the late 1920's when shoe shine boys starting
giving 'hot stock tips'.

The modern iteration is the Cocktail Real Estate Threshold: When everyone
at a generic cocktail party is relating their latest real estate flip it's a
sign the market is topping.

In this context it seems like when even bicycle group denizens are touting
energy stocks it might be time to exit that market.

🙂

recycled-one said:

"trino" <[email hidden]> wrote in message
news:TAqyg.258621$IK3.204528@pd7tw1no...

Quoted message said:

But I'm not getting out
just yet. I still think solar is a up and coming trend. Particularly

Yep, time to buy more if you like it.
PEIX is an ethanol etf which Bill Gates is a big part of.
try a look at creststreet power and income fund CRS.un-tsx
11% yield to keep you holding on.

Nelson Rockefeller is said to have commented that he knew it was time to
get out of the stock market in the late 1920's when shoe shine boys starting
giving 'hot stock tips'.

The modern iteration is the Cocktail Real Estate Threshold: When everyone
at a generic cocktail party is relating their latest real estate flip it's a
sign the market is topping.

Funny you mention this: A guy I work with was just telling me about his
last "FLIP" I had to keep myself from laughing out loud.

Quoted message said:

In this context it seems like when even bicycle group denizens are touting
energy stocks it might be time to exit that market.

🙂

Well solar is an alternative energy stock, not quite the same as say
"big oil" or coal fired energy companies. In my opinion anyway. Take it
for what it is worth(not much at all).

Ken
--
Messengers and mountain bikers share a common chromosome. ~James Bethea

"> sign the market is topping.

Quoted message said:

In this context it seems like when even bicycle group denizens are touting
energy stocks it might be time to exit that market.

🙂

Yeah, like there is always more money to be made in a savings account?
They also say the smartest people in the world are the poorest.
Make out of that what you will.
I have been in energy stocks since 2001 like I already said.
Alternative energy stocks have always from some curious reason not been
popular and therefore not profitable. Found that out the hard way. Most
likely because not until this year did the US think there was an energy
crisis. So cause the world is too stupid yes you can lose the ranch.
If oil prices stay, lose or go higher energy co.'s will be making money.
..
senile denizens or not
You cannot paint the whole market with one brush like you do

"trino" <[email hidden]> wrote in message
news:Jaryg.254128$Mn5.223520@pd7tw3no...

Quoted message said:

"> sign the market is topping.

Quoted message said:

In this context it seems like when even bicycle group denizens are
touting energy stocks it might be time to exit that market.

🙂

Yeah, like there is always more money to be made in a savings account?
They also say the smartest people in the world are the poorest.
Make out of that what you will.
I have been in energy stocks since 2001 like I already said.
Alternative energy stocks have always from some curious reason not been
popular and therefore not profitable. Found that out the hard way. Most
likely because not until this year did the US think there was an energy
crisis. So cause the world is too stupid yes you can lose the ranch.
If oil prices stay, lose or go higher energy co.'s will be making money.
.
senile denizens or not
You cannot paint the whole market with one brush like you do

I was not painting a 'whole market'. I did not use the word senile. I
_did_ include a smiley. And while I understand that given the heated
exchange you had over freezing plastic you might be sensitive to flamage,
please don't take it that way. Though a valid observation it was meant to be
taken in good humour.

trino said:

"> sign the market is topping.

Quoted message said:

In this context it seems like when even bicycle group denizens are touting
energy stocks it might be time to exit that market.

🙂

Yeah, like there is always more money to be made in a savings account?
They also say the smartest people in the world are the poorest.
Make out of that what you will.
I have been in energy stocks since 2001 like I already said.
Alternative energy stocks have always from some curious reason not been
popular and therefore not profitable. Found that out the hard way. Most
likely because not until this year did the US think there was an energy
crisis. So cause the world is too stupid yes you can lose the ranch.
If oil prices stay, lose or go higher energy co.'s will be making money.
.
senile denizens or not
You cannot paint the whole market with one brush like you do

Did anybody watch the news last night? Enronn reported a record quarter
with over $10 billion profits, yes, folks, that is for one quarter. We
who need gas get hurt paying for it and the shareholders get richer than
ever. If they had to take diminished profits then we might be seeing gas
at $2.50 instead of $3.00+. Those [censored] at the top sure as Hell
aren't hurting and I don't think they want the war in Iraq to end
anytime soon. No wonder they vote Repuglican.
Bill Baka

Bill Baka said:

Did anybody watch the news last night? Enronn reported a record quarter

Bill did you mean EXXON? I think ENRON is dead.

Ken
--
Messengers and mountain bikers share a common chromosome. ~James Bethea

Ken C. M. said:

Bill Baka said:

Did anybody watch the news last night? Enronn reported a record quarter

Bill did you mean EXXON? I think ENRON is dead.

Ken

'scuse me.
I was half asleep and don't play oil stocks anyway. I stand humbly
corrected in my lack of 'give a [censored]' about oil companies or stock.
Bill Baka

Bill Baka said:

Ken C. M. said:

Bill Baka said:

Did anybody watch the news last night? Enronn reported a record quarter

Bill did you mean EXXON? I think ENRON is dead.

Ken

'scuse me.
I was half asleep and don't play oil stocks anyway. I stand humbly
corrected in my lack of 'give a [censored]' about oil companies or stock.
Bill Baka

I figured that is what you meant. Just making sure though. Thought maybe
you knew something I didn't.

Ken

--
Messengers and mountain bikers share a common chromosome. ~James Bethea

Ken C. M. said:

Bill Baka said:

Ken C. M. said:

Bill Baka wrote:

> Did anybody watch the news last night? Enronn reported a record quarter

Bill did you mean EXXON? I think ENRON is dead.

Ken

'scuse me.
I was half asleep and don't play oil stocks anyway. I stand humbly
corrected in my lack of 'give a [censored]' about oil companies or stock.
Bill Baka

Quoted message said:

I figured that is what you meant. Just making sure though. Thought maybe
you knew something I didn't.

Ken

Oh, he does... he does, not useful on this planet, however.

On Fri, 28 Jul 2006 17:49:35 GMT, Bill Baka <[email hidden]>

Quoted message said:

trino said:

"> sign the market is topping.

Quoted message said:

In this context it seems like when even bicycle group denizens are touting
energy stocks it might be time to exit that market.

🙂

Yeah, like there is always more money to be made in a savings account?
They also say the smartest people in the world are the poorest.
Make out of that what you will.
I have been in energy stocks since 2001 like I already said.
Alternative energy stocks have always from some curious reason not been
popular and therefore not profitable. Found that out the hard way. Most
likely because not until this year did the US think there was an energy
crisis. So cause the world is too stupid yes you can lose the ranch.
If oil prices stay, lose or go higher energy co.'s will be making money.
.
senile denizens or not
You cannot paint the whole market with one brush like you do

Did anybody watch the news last night? Enronn reported a record quarter
with over $10 billion profits, yes, folks, that is for one quarter. We
who need gas get hurt paying for it and the shareholders get richer than
ever. If they had to take diminished profits then we might be seeing gas
at $2.50 instead of $3.00+. Those [censored] at the top sure as Hell
aren't hurting and I don't think they want the war in Iraq to end
anytime soon. No wonder they vote Repuglican.
Bill Baka

It gets dumber and dumber. Billy, have you heard about the huge world
wide demand for energy? Gasoline, you little crybaby, is not the
majority of world fossil fuel energy use.