David Dodds
Administrator
100% cash, but a bit of a bloodbath this morning dumping DRYS and PRGN at big losses
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My Stock Value Strategy Starts Now (2 Viewers)
- Thread starter David Dodds
- Start date
NYG Endzone
Footballguy
I bought 300 more at the close Friday. Holding 600 @ 2.76I'm up $852 realizedAnyone still in HEB? I've still got 500 shares.
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playin4beer
Footballguy
I only have 300 shares leftAnyone still in HEB? I've still got 500 shares.
The Ref
Footballguy
Only thing I have now is my 500 shares of HEB, AKA "house money".Anyone still in HEB? I've still got 500 shares.
analog_hiss
Footballguy
Still in with 500 shares.Anyone still in HEB? I've still got 500 shares.
Out PRGN @ $4.95 - loss of $469.93Out DRYS @ $6.77 - loss of $397.48
Well, they can't all be winners.
Ted Lange as your Bartender
Footballguy
In but only 150 shares. House MoneyStill in with 500 shares.Anyone still in HEB? I've still got 500 shares.
FavreCo
Footballguy
This should be an interesting test of manipulation. With the news of shares melting PRGN down under 5, let's see where this ends up on June 18th. My guess is close to or over 5 and every option is worthless. All the calls are definately worthless now. Very lightly traded puts at 5.The only thing to own right now is FAZ.
That's a joke.
Reaper
Footballguy
David Dodds
Administrator
added 2,000 PRGN at 4.98 as a placeholder
i couldn't find the new dilution news anywhere. i don't think many people are aware that they are issuing a NEW set of 10 million shares. It is very confusing how they did it.also, i can't manipulate things much at all, but i can at least try to get the news out and inform people. Every cent down helps.
Moderated- This is a horrible move. This is an early morning overreaction. You will not be in the money in those puts. You just tossed that in the garbage.
Random
Footballguy
I'm really starting to think this guy is
iowa clubbers
Footballguy
got out of that at $4.59 just a little while ago...This should be an interesting test of manipulation. With the news of shares melting PRGN down under 5, let's see where this ends up on June 18th. My guess is close to or over 5 and every option is worthless. All the calls are definately worthless now. Very lightly traded puts at 5.The only thing to own right now is FAZ.
Biabreakable
Footballguy
S&P should have support at 925 and right now is at 929 if your looking for a reversal (entry point).
David Dodds
Administrator
Always hate days like this when I have to calculate the bloodbath...
Year to Date Profit = $130,231
Last Trades Realized Gains/Losses = -6,272
Sold 9,000 DRYS @ 6.82 - Loss = 6120 - 42 = -6146
Sold 2,000 SBLK @ 4.82 - Loss = 520 - 12 = -532
Sold 8,000 KERX @ 1.45 - Profit = 2,560 - 24 = + 2536
Sold 10,000 PRGN @ 5.15 - Loss = 2100 - 30 = -2130
Unrealized Gains/Losses
2,000 PRGN @ 4.98
Year to Date Profit = $130,231
Last Trades Realized Gains/Losses = -6,272
Sold 9,000 DRYS @ 6.82 - Loss = 6120 - 42 = -6146
Sold 2,000 SBLK @ 4.82 - Loss = 520 - 12 = -532
Sold 8,000 KERX @ 1.45 - Profit = 2,560 - 24 = + 2536
Sold 10,000 PRGN @ 5.15 - Loss = 2100 - 30 = -2130
Unrealized Gains/Losses
2,000 PRGN @ 4.98
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FavreCo
Footballguy
Interesting. I think he is exactly right.I'm really starting to think this guy is
they are dec puts. as long as it goes down to about $4.50 in the next month i will just close them early for a nice tidy profit.
Otis
Footballguy
Considering the year you're having, I wouldn't beat myself up too much about it if I were you.
David Dodds
Administrator
This is looking like that market over-correction day we all keep talking about that was looming
David Dodds
Administrator
Sad thing is if I don't sleep in Friday, I would have dumped everything but KERX because PRGN had hit my target (and DRYS opened up too). But the Dry Shippers were good for me this year, but I think the wind is out of that ride as the BDI appears to be headed down now. I still want to have PRGN stock before earnings though (early August timeframe)
Penguin
Footballguy
They announced Friday that they are going to dilute another 10,000,000 this summer
David Dodds
Administrator
diluted twice, BDI retreating, NASDAQ down. That is the trifecta. Personally I think fair value is about $5.10-$5.20 a share right now. And it could be worth a lot more if they add ships with the money. Paying down debt seems boring to me if that's what they do with the cash.
FavreCo
Footballguy
Luckily, I sold Friday but for most that sold today, I would say because their money can be better used elsewhere for now. Now if you are holding longterm, this is probably a minor blip on the chart.
NYG Endzone
Footballguy
Have the funds bounced back this year? If so, dollar cost average your way out if you can.
David Dodds
Administrator
sold 2,000 PRGN at 5.10 for a little gain. Profit = $240-12 = +228
They've bounced back a little. One is at 54 with a 52-week high of 74 and low of 40. Another is at 25 with a 52w low of 16 and high of 43. The one I have the most invested in is at 6.31 with a 52w high of 8.78 and low of 5.1. Other is 7.44 with high of 10 and low of 6. I think I got in on them at 68, 31, 10 and 10, respectively.
David Dodds
Administrator
bought 2,000 FAZ at 4.40....I need me some action
Card Trader
Footballguy
Not sure what to set the target at, got in at 1.058 tempted to sell now...but it looks like it may have one more run today...
PatsWillWin
Footballguy
I'm not in the stock market other than some 401k stuff, I pretty much just come here to read the Otis saga stuff. Pretty entertaining.
Got 5,000 of FAZ at $4.38. On your coattails Dodds. Ill take a 15 cent gain on this devil stock.
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