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My Stock Value Strategy Starts Now (2 Viewers)

David Dodds said:
API Report - Mostly Bad News

Biggest points:

- The API said that U.S. crude stocks rose 4.6 million barrels to 374.8 million barrels in the week to April 24, more than twice the 2.1 million barrel build forecast in a Reuters poll of analysts. (Bad News)

- Gasoline stocks fell 2.6 million barrels to 216 million barrels, the API said, against the forecast for a 200,000 barrel drawdown. (Good News)

- Distillate supplies rose 2.6 million barrels, to 144.4 million barrels, way above the forecast for a 600,000 barrel increase, the API said. (Bad News)
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Mose said:
bad report seems to mean the opposite these days. hahaha. Watch DXO shoot up today now.
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Last week this report was much different from the official report that will be released later this morning.
 
What will cause summer oil to separate pricewise from current oil??? Two weeks age $50 current oil would equal $3.00 DXO.

 
Sold off everything here:

PRGN at 3.30 - Loss of $662

EXM at 6.74 - Profit = +$32

DXO at 2.69 - Profit = +588

100% cash for me at the moment. Looking for entry spots now.

 
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Sold 2000 DXO at 2.731. Looks like it was my $2.50 lot. Roughly $460 profit. Still hold 3000 @2.69. Going to wait for the inventory report in a few minutes and sell/buy on the news.

 
Anyone know what's going on with Borders stock (BGP). It's been shooting up the last few days. They've replaced several board members recently, and avoided a reverse stock split, anything else?

 
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BassNBrew said:
What will cause summer oil to separate pricewise from current oil??? Two weeks age $50 current oil would equal $3.00 DXO.
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The contango tightened up. The summer is almost here and I think it's why front end oil is nearly the same. DXO is trading to second month oil (July contracts), but June starts the summer.
 
Add some more conspiracy theories here (This time PRGN stock). Reading their news, they have authority to sell 10 million more shares. But with average volume of just 480,000 a day, these are being leaked into the marketplace slowly every day. It's like the stock has an anchor. From what I can gather the company is letting the stock bounce in the morning and then selling them off the rest of the day.

How can you profit from this? I am going to start taking positions with PRGN with a few minutes to close each day. Then wait for the bump in the morning to sell and repeat.

Eventually when all 10 million shares get sold this stock could pop big. I also believe the company has a buy back situation and think they will start exercising that once they have artificially lowered this stock. Mark my words we will see $4.50 within months here. I just expect to be able to make money every day here before locking down on it.

 
David Dodds said:
Add some more conspiracy theories here (This time PRGN stock). Reading their news, they have authority to sell 10 million more shares. But with average volume of just 480,000 a day, these are being leaked into the marketplace slowly every day. It's like the stock has an anchor. From what I can gather the company is letting the stock bounce in the morning and then selling them off the rest of the day.How can you profit from this? I am going to start taking positions with PRGN with a few minutes to close each day. Then wait for the bump in the morning to sell and repeat. Eventually when all 10 million shares get sold this stock could pop big. I also believe the company has a buy back situation and think they will start exercising that once they have artificially lowered this stock. Mark my words we will see $4.50 within months here. I just expect to be able to make money every day here before locking down on it.
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I'll play...Just sold 1000 PRGN at $3.264 for a profit of $85.
 
I also don't believe, unless there's a missile launch in the next 24 hours, that oil is likely to run above 52. Almost certainly see low 49s unless the inventory report is wacky bullish. Even if there's no immediate sell off after inventory, I think there's opportunity to the downside.

 
Oil report confirms API Report - Actually the gas decline might be perceived as great....mixed report. Oil probably going higher.

EIA Report

Set market sale, but need to leave

 
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Just sold my DXO at 2.74 from 2.54.

Trying to get rid of my prgn at 3.29 from 3.28

 
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I'm all out of DXO and now all in PRGN. I had to cost average down. I need $3.37 for break even on that one.

 
This oil report has a few gems though that could make oil pop:

- Total motor gasoline inventories decreased by 4.7 million barrels last week

- Refineries operated at 82.7 percent of their operable capacity last week.

 
FEED back to a hair under $4.00. Kicking myself for not buying more in the $3.40's the last two days. Just been way too busy.

Put in a limit purchase for 5,000 more FREE at $1.33. If it fills I'll put a GTC order out there to sell all I have at $1.38

 
Buckna said:
FEED back to a hair under $4.00. Kicking myself for not buying more in the $3.40's the last two days. Just been way too busy.Put in a limit purchase for 5,000 more FREE at $1.33. If it fills I'll put a GTC order out there to sell all I have at $1.38
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There were huge short positions on this that needed to cover today. I knew I should have just waited this out, but I got out with no real scars.
 
David Dodds said:
I put another order in for 10,000 FREE @ 1.33 but only got 1300 of them.
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Mine did not fill at all. Will take it down, I've already got 3,000 shares at $1.33Edit: Scratch that, 3,000 shares. I forgot my order last week didn't fill completely either.
 
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Sold 1000 FEED at $3.97 for a $1572 profit after commissions.

Thanks DD.

Now let's get the Oranage Whip rolling to give us another buying opportunity.

 
More on my conspiracy theory about PRGN being held back:

Go to google finance and add these symbols: PRGN, SBLK, EXM, DRYS, EGLE, GNK, NM

Set chart to 1 month

Results:

PRGN = -12.08% (share dilution, slashed dividend but profitable, 98% of days already sold for FY)

DRYS = +12.43% (share dilution, huge losses, major ship cancellations)

SBLK = +17.48% (hugely profitable)

GNK = +27.82%

EXM = +29.94% (ship cancellations, debt covenents, CEO left)

EGLE = +30.07%

NM = +43.93%

I am firmly convinced that PRGN should be higher, but has an anchor around it's neck as the company wants to get these extra shares to market (and start buying themsleves at the low levels) before market peak in June.

 
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BassNBrew said:
Sold 1000 FEED at $3.97 for a $1572 profit after commissions.Thanks DD.Now let's get the Oranage Whip rolling to give us another buying opportunity.
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Good patience there. I think we all saw it. I unfortunately held a position pre-announcement or I would have profited big here. I think this goes higher, but the easy money is mostly out of this stock for the time being.
 
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David Dodds said:
Mr. Pickles said:
FREE just sitting there like it's confused or something.Let's go, already.
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Exactly, don't they know FBG already bought in here. I have a standing order to buy another 8700 shares at $1.33 so I am guessing it will just sit at $1.34 all day
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It's interesting to see it take some very rapid upticks. It's already hit 1.38 on the day. Some of the swings are 0.05 points or more on very low volume.
 
Mr. Pickles said:
FREE just sitting there like it's confused or something.

Let's go, already.
Click to expand...
Here's a chart of FREE, and I would like you to note the sideways trend (horizontal price movement that occurs when the forces of supply and demand are nearly equal) over the past few weeks. Some chartists believe that it signals a consolidation period before the price continues in the direction of the previous move; in this case up. Some traders also refer to it coiling before an upward spring.It's unnerving, but I figure I can be patient.

 
I officially got all 15,000 shares of FREE at $1.33. I don't see much downside to this at all. Already hit $1.38 earlier. That is where I will start selling as well.

 
My 3.20 PRGN trigger hit (added 3,000 shares). I also set another 3,000 at 3.18 and another 2,000 at 3.15.

But now the stock jumped a little so maybe I won't get them all.

 
I am calling it now. PRGN will be above 4.50 by the time 2nd quarter earnings roll out at the end of June. I might just get 15,000 shares of this thing and hang on. They have locked in prices on 98% of their ships. BDI won't even impact them. They cut the dividend and now are raising capital. This companies balance sheet is going to look AWESOME by the time earnings come out. And I fully expect once they dilute with their 10 million shares, they will use some of this cash just to buy back their own stock (which they have authority to do).

Also they are still paying out 5 cents quarterly dividends. That alone is about a 6% yield.

 
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Most all my money frees up here in a few days. I think my strategy could be lock down on FREE, PRGN and SBLK for one last Dry Shipping push here into Summer.

 
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