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My Stock Value Strategy Starts Now (2 Viewers)

Made nearly $7K in oil over the last two trading days... that ought to pay for my gas bills for the next 5-6 years :bye:

 
added 1000 shares of ESEA (dry shipping company) at 5.49. The Baltic Dry Index continues to surge. This is not my favorite shipper, but it's numbers are off compared to the rest of the sector today

 
Keerock said:
Made nearly $7K in oil over the last two trading days... that ought to pay for my gas bills for the next 5-6 years :bye:
Click to expand...
Exactly. I think now is the time to get out of oil though as the pendulum has swung a bit to crazy the other way. Inventory levels are still nuts and we are about a week away from people having to take ownership of March oil contracts. That has led to massive dumping as we approach that date each of the last two months. If oil goes much higher here, I think I will be in DTO (2X oil short)
 
I had never traded these ETFs before. They are a wild ride!

I agree on oil here (although I'm very new to this sector). What are your thoughts on DUG as a more cost palatable alternative to DTO?

 
David Dodds said:
Keerock said:
Made nearly $7K in oil over the last two trading days... that ought to pay for my gas bills for the next 5-6 years :(
Click to expand...
Exactly. I think now is the time to get out of oil though as the pendulum has swung a bit to crazy the other way. Inventory levels are still nuts and we are about a week away from people having to take ownership of March oil contracts. That has led to massive dumping as we approach that date each of the last two months. If oil goes much higher here, I think I will be in DTO (2X oil short)
Click to expand...
what is the difference between DTO and SCO? Just the time of the contracts it is focusing on...
 
Cromedog said:
David Dodds said:
Keerock said:
Made nearly $7K in oil over the last two trading days... that ought to pay for my gas bills for the next 5-6 years :hot:
Click to expand...
Exactly. I think now is the time to get out of oil though as the pendulum has swung a bit to crazy the other way. Inventory levels are still nuts and we are about a week away from people having to take ownership of March oil contracts. That has led to massive dumping as we approach that date each of the last two months. If oil goes much higher here, I think I will be in DTO (2X oil short)
Click to expand...
what is the difference between DTO and SCO? Just the time of the contracts it is focusing on...
Click to expand...
Or DUG or DOY or SZO for that matter?ETA: No volume on DOY

 
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Another person here out UCO @10.40 (+1.04).

Thanks for the tip! I will definitely be paying more attention to this thread going forward.

 
Cromedog said:
David Dodds said:
Keerock said:
Made nearly $7K in oil over the last two trading days... that ought to pay for my gas bills for the next 5-6 years :confused:
Click to expand...
Exactly. I think now is the time to get out of oil though as the pendulum has swung a bit to crazy the other way. Inventory levels are still nuts and we are about a week away from people having to take ownership of March oil contracts. That has led to massive dumping as we approach that date each of the last two months. If oil goes much higher here, I think I will be in DTO (2X oil short)
Click to expand...
what is the difference between DTO and SCO? Just the time of the contracts it is focusing on...
Click to expand...
yes SCO is the current contract month (March). DTO is April and May I believe.
 
Cromedog said:
Keerock said:
In 1K DDM @28.39I have a feeling the market will take off a bit here
Click to expand...
Kee, any other reasoning than your gut...are you thinking more stimulus approval hype or what?
Click to expand...
No, just gut, which on general market conditions does not have a good history. I really did this to test my new found penchant for ETF trading (thanks DD).Not looking real good right now, but I have a tight stop loss (28.29) on it, so at worst I'm only out $100
 
Stopped out DDM @28.29 (-.10)

I really suck at predicting the market. I thought the weak open seemed oversold, but I'm obviously wrong.

 
Keerock said:
David Dodds said:
added 1000 shares of ESEA (dry shipping company) at 5.49. The Baltic Dry Index continues to surge. This is not my favorite shipper, but it's numbers are off compared to the rest of the sector today
Click to expand...
Not much volume on this one...
Click to expand...
True, but hopefully will be enough when I get any kind of bounce. I think I am going to buy into the dry shipping sector strong today. Doing my final calculations on things here now
 
David Dodds said:
Cromedog said:
David Dodds said:
Keerock said:
Made nearly $7K in oil over the last two trading days... that ought to pay for my gas bills for the next 5-6 years :clyde:
Click to expand...
Exactly. I think now is the time to get out of oil though as the pendulum has swung a bit to crazy the other way. Inventory levels are still nuts and we are about a week away from people having to take ownership of March oil contracts. That has led to massive dumping as we approach that date each of the last two months. If oil goes much higher here, I think I will be in DTO (2X oil short)
Click to expand...
what is the difference between DTO and SCO? Just the time of the contracts it is focusing on...
Click to expand...
yes SCO is the current contract month (March). DTO is April and May I believe.
Click to expand...
Where would one find this information?
 
Blue Horseshoe loves the Dry Shipping Companies

These companies set their prices based on the Baltic Dry Index. In the last month the BDI has raised from 872 to 1815 (108.1%). The BDI has also raised 19 consecutive days making this sector red hot. The BDI hit it's peak on May 21st for last year and although it isn't going to hit 11,771 this year in this economy, I think we could see steady gains in this sector through May.

Here are the companies I am targeting (Jan 9 price / Today's price / % increase)

BDI Index (872 / 1815) = +108.1%

Best Investments:

DRY (16.58 / 6.80) = -59.0% (Seems like a great deal, but this company is carrying massive debt and is run by shady people)

FREE - (1.70 / 1.60) = -5.9%

EXM - (8.91 / 8.78) = -1.5%

SBLK (3.13 / 3.12) = -0.3%

ESEA (5.46 / 5.48) = +0.4%

--------------------------------

Solid Investments:

PRGN (6.12 / 6.61) = +8.0%

NM (4.08 / 4.59) = +12.5%

DSX (14.69 / 17.39) = +18.4% (This company zeroed it's dividend and is hording cash. I suspect they will make some bold move this year purchasing more ships/companies. They are the leader in the sector, but have already had a nice bounce from 1 month ago)

 
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Keerock said:
David Dodds said:
Cromedog said:
David Dodds said:
Keerock said:
Made nearly $7K in oil over the last two trading days... that ought to pay for my gas bills for the next 5-6 years :(
Click to expand...
Exactly. I think now is the time to get out of oil though as the pendulum has swung a bit to crazy the other way. Inventory levels are still nuts and we are about a week away from people having to take ownership of March oil contracts. That has led to massive dumping as we approach that date each of the last two months. If oil goes much higher here, I think I will be in DTO (2X oil short)
Click to expand...
what is the difference between DTO and SCO? Just the time of the contracts it is focusing on...
Click to expand...
yes SCO is the current contract month (March). DTO is April and May I believe.
Click to expand...
Where would one find this information?
Click to expand...
It's in the prospectus for each of the companies. People also state it on the message boards quite a bit.
 
Keerock said:
David Dodds said:
Bought 3,000 shares of SBLK at $3.04
Click to expand...
Love your analysis and the fundamentals, but I hate buying something that's already up 10% today...
Click to expand...
Yes I agree, but the BDI is up at least that much today as well. I just don't want to wait any longer on this sector. To me these prices are all discounts based on where the BDI was a month ago.
 
Bought 1,000 EXM at $8.92 (this hurts as I was in this stock for so much less a week ago, but I think the news in this sector warrants it).

 
General Malaise said:
I gotta start getting up earlier...
Click to expand...
Amen. I missed selling at 10.40, should really have set a sell point. Guess thats what happens when you are a noobeta--back up to 9.90 now..hmmcrap--now down to 9.60 :confused:
 
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Anyone know of any cheap online brokers that will let you set a stop loss and a limit sell on the same position? Drives me nuts that I can't do that...

 
added 2,000 shares of UCO at 9.51

Wow this is like printing money here.

Edited to reflect price that broker executed this trade at. I had the limit at 9.58, but I guess he got it cheaper. AWESOME

 
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