My Stock Value Strategy Starts Now (3 Viewers)

[David Dodds]

I'm out at 4.70.

Good win JaxBill. Never wrong banking huge wins.

 

[Jene Bramel]

Starting to wonder if there'll be much left here even with a solid earnings report. Getting tempting to pull the trigger on 2/3rds of the total. The potential runup after 5.00 and the continued rosy BDI figures are staying my trigger finger again, though.

I'll be a little fussier this time if I miss a nice sell point being a little piggy.

 

[David Dodds]

7000 @ 4.30

What's your sell point Cav?

 

[Cromedog]

Just sold 1000 FEED at $4.21 for a profit of $148.

Ouch...Bet you guys are rooting for me to cash out of PRGN and send it into orbit.

Really exploded there. As I posted yesterday, FEED is right around its 200 day MA, if it breaks above that, the sky's the limit. I think we could see $5 soon here.

I still hold 500 FEED....sold off 1500 last week on the pop, but kept 500 as I like it long term as well.

 

[Cavalier]

Everything in me says sale right now, that is why I am not going to.

 

[Buckna]

Go FEED Go!

 

[playin4beer]

Let's get a tally who has OCNF or PRGN and what their shares and price are at:I have 10,000 PRGN at $4.05

500 OCNF @ 1.50, sold 1000 earlier @ 1.83

500 OCNF @ 1.70, sold 2200 yesterday @ $1.70

 

[Mose]

Starti the continued rosy BDI figures

that is what keeps me holding as well. I think we still have big gains in this whole sector.

 

[#@%&$!?]

1000 PRGN @ 3.97

I'm in the hold until after earnings camp. BDI rising again today. Solid financials. This company still looks undervalued.

Cheers to DD.

 

[JaxBill]

Aside from fear of people selling on the news, one of the reasons I cashed out is that I figure the markets in general will sell off Friday before the 3day weekend.

 

[The Ref]

2,500 @ 4.09

Thinking if we pool our shares we could get a board seat.

 

[JaxBill]

Cheers to DD.

Amen.

 

[David Dodds]

Starting to wonder if there'll be much left here even with a solid earnings report. Getting tempting to pull the trigger on 2/3rds of the total. The potential runup after 5.00 and the continued rosy BDI figures are staying my trigger finger again, though.I'll be a little fussier this time if I miss a nice sell point being a little piggy.

I think anyone in this at less than $4.00 probably should sell off some pre-report. This is a huge bankable win for you guys. It's very rare to see a stock rise 20% in a day.I doubt EPS will be mind-blowing at all. The questions are did they finish dilution, do they have a plan with the money, did they buy some of their own shares at much less, etc. Those are the things that could make this skyrocket. Every other Dry Shipping company is higher now than at any point YTD EXCEPT this company that saw 6 earlier and has lagged the whole sector despite being one of the best run. I still contend that their dilution plan alted this thing, but once that plan is fully exposed it will catch up. But of course a lot of that catching up just happened the last two days as well.

 

[FavreCo]

ZERO shares of PRGN. Otherwise none of you would be profitting. If I jump in it, it is sure to post a news item of accounting irregularities after hours that day.

 

[Cavalier]

7000 @ 4.30

What's your sell point Cav?

I don't know, I am still pissed I bought @ 4.80 last run, when I was already in @ 3.80 for about half my shares. If I hit 4.80 I look at it like I am breaking even. Selling right now is tough with the earning report tonight.

 

[McBokonon]

1000 PRGN @ 3.97I'm in the hold until after earnings camp. BDI rising again today. Solid financials. This company still looks undervalued. Cheers to DD.

Hey, I meant to respond to you on USU (USEC). I'm looking at maybe getting these $10.00 January 2010 options, priced right now at $0.17. We should hear from the DOE before the end of the year and when that happens, this should pop. Have you seen anything that would indicate this loan guarantee not being given in 2009?

 

[Mose]

Any ideas when after hours we will see the numbers? An hour from now? midnight?

 

[Jene Bramel]

Starting to wonder if there'll be much left here even with a solid earnings report. Getting tempting to pull the trigger on 2/3rds of the total. The potential runup after 5.00 and the continued rosy BDI figures are staying my trigger finger again, though.I'll be a little fussier this time if I miss a nice sell point being a little piggy.

I think anyone in this at less than $4.00 probably should sell off some pre-report. This is a huge bankable win for you guys. It's very rare to see a stock rise 20% in a day.I doubt EPS will be mind-blowing at all. The questions are did they finish dilution, do they have a plan with the money, did they buy some of their own shares at much less, etc. Those are the things that could make this skyrocket. Every other Dry Shipping company is higher now than at any point YTD EXCEPT this company that saw 6 earlier and has lagged the whole sector despite being one of the best run. I still contend that their dilution plan alted this thing, but once that plan is fully exposed it will catch up. But of course a lot of that catching up just happened the last two days as well.

Yeah, I can't decide. The 20% gain (plus the added run prior to that this week) just feels like everything's been squeezed out and a consolidation is coming post earnings...

 

[DALYLA77]

Sold 1200 PRGN at 4.71 $816 Profit. Still hold 1500 at 4.03.

 

[David Dodds]

Any ideas when after hours we will see the numbers? An hour from now? midnight?

Soon as they release their report, we will see after-market activity good or bad. Tomorrow will be the presentation and I plan on logging on to their website and watching it. Here is what I want the headline to be afterhours....DRYS has agreed in principal to buy PRGN for approximately $6.25/share

 

[Cavalier]

DD I guess what it comes down to is whether or not I think it will plummet tomorrow. I would only sell now to get back in lower and I don't think now is the time to do that. But if it does plummet tomorrow, I simply hold on for a little while longer. This stock is undervalued and long is not a bad position for it. I think it is more likey to break 5 then head back down to 4.

 

[The Ref]

Name			   Shares 	 Profit @ 4.75 David Dodds 	 10,000 	 $7,000 The Ref		   2,500 	 $1,650 Penguin		   3,000 	 $900 Mose		   2,000 	 $1,100 Fodasme69	   2,500 	 $900 Jene Barmel	   3,200 	 $2,720 DALALA77		   2,700 	 $1,944 burritobrother	   1,000 	 $210 *&^$^@	   1,000 	 $780 Cromedog		   2,000 	 $1,580 Total					 29,900 	 $18,784

 

[BassNBrew]

Sold 750 OCNF at $1.84 for gain of roughly $240. Still holding 750 shares.

 

[Cromedog]

Name				   Shares 	 Profit @ 4.75 David Dodds 	 10,000 	 $7,000 The Ref					  2,500 	 $1,650 Penguin					  3,000 	 $900 Mose					  2,000 	 $1,100 Fodasme69	  2,500 	 $900 Jene Barmel	  3,200 	 $2,720 DALALA77					  2,700 	 $1,944 burritobrother	  1,000 	 $210 *&^$^@	  1,000 	 $780 Cromedog					  2,000 	 $1,580 Total					29,900 	 $18,784

SOLID

 

[David Dodds]

DD I guess what it comes down to is whether or not I think it will plummet tomorrow. I would only sell now to get back in lower and I don't think now is the time to do that. But if it does plummet tomorrow, I simply hold on for a little while longer. This stock is undervalued and long is not a bad position for it. I think it is more likey to break 5 then head back down to 4.

Yes this is where my thinking is as well. I sold 10,000 shares yesterday as a hedge against the whole market in general, but I really don't see the downside as even below $4.40 - $4.50 range right now. The earnings would have to be awful and we know that's not the case as they had nearly 100% usage of their ships in long contracts. The sector upgrade today helps against the downside as well. They will meet expectations and we know they had to raise some money through dilution because of the crazy volume. I just don't see a lot of downside at all. But the upside also might cap around $5.00 after earnings.

 

[Jene Bramel]

DD I guess what it comes down to is whether or not I think it will plummet tomorrow. I would only sell now to get back in lower and I don't think now is the time to do that. But if it does plummet tomorrow, I simply hold on for a little while longer. This stock is undervalued and long is not a bad position for it. I think it is more likey to break 5 then head back down to 4.

This is what's staying my hand. It would appear that the upside above 4.5 is a better bet than the downside below 3.75 and then getting back in. I thought that two weeks ago as well, but the BDI is better and the second runup to earnings is reassuring to me, too.Leaving my trailing stop up for this afternoon, but I think I'm letting the full amount ride overnight.

 

[Mose]

PRGN just set new daily high $4.75

 

[David Dodds]

I am going to Subway to get a $5 footlong. I will be back after market close. I do not wish to be tempted here.

 

[Cavalier]

PRGN just set new daily high $4.75

Still got .15 more cents to go today.

 

[#@%&$!?]

1000 PRGN @ 3.97I'm in the hold until after earnings camp. BDI rising again today. Solid financials. This company still looks undervalued. Cheers to DD.

Hey, I meant to respond to you on USU (USEC). I'm looking at maybe getting these $10.00 January 2010 options, priced right now at $0.17. We should hear from the DOE before the end of the year and when that happens, this should pop. Have you seen anything that would indicate this loan guarantee not being given in 2009?

I haven't seen any recent news regarding the DOE loan. The speculative nature of the DOE loan or any energy news bits from Obama will probably cause some up and down swings short term. I mostly got in because the stock was beat down recently and would't mind holding USU long term if need be. Same with PRGN. Even with a pullback after this crazy run, I still expect it to touch $6 again this year.

 

[Mose]

I am going to Subway to get a $5 footlong. I will be back after market close. I do not wish to be tempted here.

You could buy 1 more share instead of a sandwich!!

 

[Cromedog]

I am going to Subway to get a $5 footlong. I will be back after market close. I do not wish to be tempted here.

LMAO!

 

[The Ref]

PRGN just set new daily high $4.75

Honestly I think it's time to consider the fact the fix is in and we all just got plain lucky. I know there are a lot of other factors at play, but I think at this point there will be some real newsworthy announcement after hours. Maybe huge earnings or a increased dividend or something. The insiders must know something for this type of run up.Better to be lucky then good.

 

[analog_hiss]

Sold 700 SAY yesterday @ 2.14 for a gain of $160 Sold 1000 GPRE @ 2.40 for a gain of $380Looking to exit 1000 of 1500 of OCNF @ 1.85, if it hits.

Dropped the sale price to 1.83, and it hit for $310.Year to Date Profit = $3140Started with $7500, invested a little over $4500 here and there, and now sit on $8990 in cash and another $1600 tied up in stocks. 20% increase in cash in just over 60 days is just fine with me.

Sláinte Mhath

 

[David Dodds]

I think it's a good sign that PRGN is out ahead of the other Shippers with earnings due this week.

 

[Cromedog]

I'm getting REALLY tempted to pull the sell trigger...

 

[David Dodds]

More on why I believe dilution held this thing down weeks ago. Volume was coming at 3X average yet gains would be like 1-4% on the day. Today volume is 2X average (I believe dilution has already taken place) and this thing is up 20%. If Paragon bought a lot of their $10 million buyback near the lows, they really are going to be sitting pretty here.

 

[David Dodds]

I'm getting REALLY tempted to pull the sell trigger...

I woke up this morning and was tempted when it was at $4.35

 

[itriple]

10,000 shares at $3.79

Just sold at $4.75

Im up 10,000 * .96= $9,600

Sorry fellas I was gonna chase a stop up on this but it has gone up too much (does that make sense?). Im happy with the gain but I have a feeling we are gonna bust through $5 tomorrow.

 

[Cavalier]

I'm getting REALLY tempted to pull the sell trigger...

I woke up this morning and was tempted when it was at $4.35

I had a stop loss at 4.45 and it got to 4.48, let it ride.

 

[FavreCo]

Any ideas when after hours we will see the numbers? An hour from now? midnight?

Soon as they release their report, we will see after-market activity good or bad. Tomorrow will be the presentation and I plan on logging on to their website and watching it. Here is what I want the headline to be afterhours....DRYS has agreed in principal to buy PRGN for approximately $6.25/share

If that were to happen, what happens to your shares of PRGN? I know they should go to $6.25 but if they only go to $6.15 and you don't sell, you have to sit on your shares until the transaction completes to get the full amount. How long would that take?

 

[David Dodds]

I stand corrected:

ATHENS, Greece, November 25, 2008 – Paragon Shipping Inc. (Nasdaq: PRGN), announced today that the Company's board of directors has approved a plan for the repurchase of up to an aggregate of $20 million of its Common Shares, which may be repurchased by the Company from time to time until December 31, 2009.

So they potentially have 5.5 million shares of their own company right now as it explodes higher

 

[Mose]

hold steady fellas....

 

[Jene Bramel]

Look out. Potential stop loss raid coming...

 

[BassNBrew]

Sold 1500 PRGN at $4.67. Banking some profits.

 

[Mose]

hahah, this stuff is more exciting than fantasy football ever was!

 

[David Dodds]

Any ideas when after hours we will see the numbers? An hour from now? midnight?

Soon as they release their report, we will see after-market activity good or bad. Tomorrow will be the presentation and I plan on logging on to their website and watching it. Here is what I want the headline to be afterhours....DRYS has agreed in principal to buy PRGN for approximately $6.25/share

If that were to happen, what happens to your shares of PRGN? I know they should go to $6.25 but if they only go to $6.15 and you don't sell, you have to sit on your shares until the transaction completes to get the full amount. How long would that take?

yes you typically sell your shares for about 2-3% less and big hedge funds buy them up and wait it out and get paid.

 

[analog_hiss]

Look out. Potential stop loss raid coming...

It will bounce back, buy orders way outnumber sell orders.

 

[FavreCo]

Any ideas when after hours we will see the numbers? An hour from now? midnight?

Soon as they release their report, we will see after-market activity good or bad. Tomorrow will be the presentation and I plan on logging on to their website and watching it. Here is what I want the headline to be afterhours....DRYS has agreed in principal to buy PRGN for approximately $6.25/share

If that were to happen, what happens to your shares of PRGN? I know they should go to $6.25 but if they only go to $6.15 and you don't sell, you have to sit on your shares until the transaction completes to get the full amount. How long would that take?

yes you typically sell your shares for about 2-3% less and big hedge funds buy them up and wait it out and get paid.

Always wondered who profitted over those few pennies per share. Thanks.

 

[David Dodds]

10,000 shares at $3.79Just sold at $4.75Im up 10,000 * .96= $9,600 Sorry fellas I was gonna chase a stop up on this but it has gone up too much (does that make sense?). Im happy with the gain but I have a feeling we are gonna bust through $5 tomorrow.

Huge win. Congrats. And you did not have to hold these shares very long either.