Hey. How have you been fairing? Hopefully well. I own the underlying still and won't sell until I see $40+, but I also have been selling some of the options I bought. I'm up net on the options, but I did have a position in the Sept 40 calls, which I thought would be a big move but the slow and stead plod upward has really hurt the time value of those. Anyhow, glad you're still holding on there.
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My Stock Value Strategy Starts Now (2 Viewers)
- Thread starter David Dodds
- Start date
Thank god. I just want it to be at 11 for Sept calls so I can get out of it cheaply enough.
Mose
Footballguy
the whole sector is up between 5-10%.
Mose
Footballguy
There is a huge wall at $1.90 of people that bought at the shelf offering of $1.80 trying to bank a dime I assume.
george
Footballguy
How can you tell?
Mose
Footballguy
Level 2
The Z Machine
Footballguy
So why is the entire shipping sector up 5-10% today? Did some news come out about economics picking up and shipping is up as a result? What's the BDI done today and this week?
I still own 1000 PRGN.
I still own 1000 PRGN.
ODoyleRules
Footballguy
ATPG - Nice work on this pick. Essentially doubled in the last month. I owned some of this but had bailed back in May.
Mose
Footballguy
BDI has gone up 5 straight days in a row. I don't know why or if any other news is out.I sold off my shipping stock because this is the highest I have seen them in weeks. I will probably buy back in next week if they drop back to the levels they were a week or so ago.
bigfishboy
Footballguy
I don't see why this is so bad. At 0.13 This looks to be a good entry point to me.Edit to add: In at 0.1303.
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Mose
Footballguy
PRGN question.on the slide show from the presentation today, http://www.wsw.com/webcast/jeff38/prgn/ , slide 14 confuses me. They are going to dilute an additional 10 million shares that we didn't know about? They are calling it #2 CEO.
Also slide 25...did we know about all these drydockings coming up?
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Cromedog
Footballguy
There is talk on the Google message boards about more dilution from FREE, does anyone know/confirm what they have already done and/or if this makes sense for them. I can't keep all this stuff straight...I do sill hold 2000 shares of FREE at about 1.80.
siffoin
Footballguy
Ok. Seems to have been a smart play. I'm going to look to re-enter FAS short via synthetic stock. Ain't going to happen today. Would like to see it back near $78-$80. I would like this to be a longer term play (3-6 months) but profits is profits.
george
Footballguy
Not done yet. Shareholders are being asked to vote to authorize them to go from I believe 40 Million shares to 250 million shares if they need/want to raise capital to buy more ships.
Cromedog
Footballguy
There is talk on the Google message boards about more dilution from FREE, does anyone know/confirm what they have already done and/or if this makes sense for them. I can't keep all this stuff straight...I do sill hold 2000 shares of FREE at about 1.80.
Not done yet. Shareholders are being asked to vote to authorize them to go from I believe 40 Million shares to 250 million shares if they need/want to raise capital to buy more ships.
CRAP!
Not done yet. Shareholders are being asked to vote to authorize them to go from I believe 40 Million shares to 250 million shares if they need/want to raise capital to buy more ships.
CRAP!
parasaurolophus
Footballguy
it is not bad for you, but it is pretty bad for the people in at .20actually I would say it is bad for you too.They will have 9 million shares O/S but will have 965million A/S at a share price of 13 bucks a share.That is a recipe for disaster.
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siffoin
Footballguy
Not trading any of these but thought the following might hold some interest to a few of you:
RE: Natural Gas (UNG)...could this be the reason for the recent up move?
http://online.barrons.com/article/SB125149767607268035.html
Re: Tankers:
http://www.benzinga.com/sleibhin/2009/9/8/baltic-dry-index
RE: Natural Gas (UNG)...could this be the reason for the recent up move?
http://online.barrons.com/article/SB125149767607268035.html
Re: Tankers:
http://www.benzinga.com/sleibhin/2009/9/8/baltic-dry-index
bigfishboy
Footballguy
Sorry, what I was trying to say is that I don't see why a reverse split is so bad. And if that is the reason it took a dump lately, 0.13 seems like a good price to get in at or average down with. I could see the split chasing away some of the daytraders and therefore a selloff like what happened today, but I doubt it lasts.
What up move?
siffoin
Footballguy
I see it #### the bed in the last hour. Well $8.80 to $10.17 is still an up move...no?What up move?
Mose
Footballguy
UNG or something else?I'm looking at trying to enter SBLK again if it dips to the $3.30's. It hasn't moved up with the other shippers and seems to be lagging behind.
Mose
Footballguy
ok, thanks. I'm wanting to do some natural gas now as well, but have not liked what I saw in UNG.
siffoin
Footballguy
FCG is your answer.
Otis
Footballguy
Just swing traded another $800AMED = too easy.Made a killing on AMED again today. Sold the options yesterday for about a $1200 profit. Bought back in later in the day on a dip, and sold again this morning for about another $1500 profit. KennyL =
The Ref
Footballguy
Yup. I just bought up half of my long term posistion. I plan to hold though mid winter at the min, so lets call it a 6 months outlook.100 Shares of UPL400 Shares of FCG
St. Louis Bob
Footballguy
Nice job GB.Just swing traded another $800AMED = too easy.Made a killing on AMED again today. Sold the options yesterday for about a $1200 profit. Bought back in later in the day on a dip, and sold again this morning for about another $1500 profit. KennyL =
I just gambled 400 KV/A at $2.86.Yes, I'm feeling a lot better than last week.
The Ref
Footballguy
I'm already in the green on my Nat Gas plays, but honestly I hope they sell off so I can buy more. I think I'm done with the week/week day/day trade stuff for a while.Right now.... 40% cash 20% Emerging Markets 20% International Markets 6% Nat Gas 4% Metals 10% Cash PensionCromedog said:
If you listen to his talk he said that 2nd offering is almost complete. The first offering took 6 weeks. This one is already up to 10 weeks.
Otis
Footballguy
Shippers going nutso for a few days now.
The AMED run up has finally trailed off. I'm out of it just in time.
I wish I'd been in on AMD back when KennyL was suggesting it. Been up huge since then.
Question for the folks here -- what do we think of emerging markets going forward? I've got about $100k in my 401k right now, and about half of that is in the Dreyfus emerging markets fund, with the rest of my stuff mixed into a few Janus funds and others. It's held up pretty well over the past 6 months, but what is the outlook for emerging markets going forward? Is that still a gold mine in the next ten years?
The AMED run up has finally trailed off. I'm out of it just in time.
I wish I'd been in on AMD back when KennyL was suggesting it. Been up huge since then.
Question for the folks here -- what do we think of emerging markets going forward? I've got about $100k in my 401k right now, and about half of that is in the Dreyfus emerging markets fund, with the rest of my stuff mixed into a few Janus funds and others. It's held up pretty well over the past 6 months, but what is the outlook for emerging markets going forward? Is that still a gold mine in the next ten years?
The Ref
Footballguy
Held up well? I think you will find that the MSCI EM funds are up from 22ish to 37ish over the past 6 months."Long Term" IMHO yes. The BRIC countrys (Brazil, Russia, India, China) will have the most growth over the next 20-30 years. In addition, most of these counties have good to great currency policies. So not only is this a future growth trade you escaping the plight of the USD. I mix it up a little and have some $$ in International mature markets so I'm not "all in" on the EM investment but still limit my USD exposure.I pulled half of my investments about a month or so ago when the S&P hit 1010 and droped back down. This is after I bought back into the market in steps starting at ~S&P 775 so i wanted to protect any gains in case of a large market correction this fall.In other words, I'd look to get into the EM in the medium term. I just don't know if I could commit new $$ rigth now. Or at the very least, not all of it right now. I'd buy in in small chucks at least till November.
bigfishboy
Footballguy
I liquidated 60% of my PRGN holding between 4.05 and 4.10 expecting another drop to 3.80 or even 3.50 before they annonced the ending of the offering.I am beginning to believe I made a poor choice.I thought the drydocking information would push this lower also.I am glad I didn't fully liquidate.
The Z Machine
Footballguy
Still holding all my PRGN. I'll sell half at $4.35 and hope that this thing goes back to $5.00 at some point.
