My Stock Value Strategy Starts Now (3 Viewers)

[David Dodds]

SOLD 11,000 PRGN at 5.83....less than I wanted, but pleased to be out of my large position at this time.

 

[David Dodds]

and out of DRYS at $6.43....OOF

100% cash now. Waiting for this thing to cave in before I get back in.

 

[Mose]

and out of DRYS at $6.43....OOF100% cash now. Waiting for this thing to cave in before I get back in.

 

[St. Louis Bob]

Something isn't right and I want in on it.

China's buying as much as they can store. I believe a couple giant storage complexes just came online for them too.

Thanks DD. Any idea how big they are? It's hard to imagine that they would be big enough to make a difference but the Chinese are pretty good at "big". Personally, the fact that they are stock piling commodities in this way is scary.

all cash for me until tuesday no matter what looks cheap or not.

hell, I say that, but if DXO get to the $3.30 levels, I'm in that.

Oh hell yeah.

 

[David Dodds]

Year to Date Profit = $121,925

Today's Realized Gains/Losses = $8,298

Sold 11,000 PRGN - Profit = $9570-18 = +9552

Sold 3,000 DRYS - Loss = 1230 +24 = -1254

Unrealized Gains/Losses:

None, 100% CASH

 

[David Dodds]

Any idea how big they are? It's hard to imagine that they would be big enough to make a difference but the Chinese are pretty good at "big". Personally, the fact that they are stock piling commodities in this way is scary.

China and oil

 

[Buckna]

Sold 500 CGA @ $8.50 - no gain

Sold 1,000 PRGN - @ $5.80 - no gain

I'm a bit skittish about the market in general and some of the technical indicators after yesterday. Looking to exit some other positions if I can.

 

[moderated]

Paragon is being so resilient it is making me want to hold for sure.

yesterday despite tons of pressure for it to drop due to profit taking it held up very well.

Today with downward pressure everywhere it is holding up well.

Even with tons of people doing everything to get out it isn't dropping much. I think were seeing some BIG buyers getting involved here which is keeping the price steady.

Onward to $7 within 2 weeks, then i'll think of selling.

 

[Cromedog]

Paragon is being so resilient it is making me want to hold for sure.yesterday despite tons of pressure for it to drop due to profit taking it held up very well.Today with downward pressure everywhere it is holding up well.Even with tons of people doing everything to get out it isn't dropping much. I think were seeing some BIG buyers getting involved here which is keeping the price steady.Onward to $7 within 2 weeks, then i'll think of selling.

I agree...but chickened out and sold at 5.85, so I'm on the sidelines too.

 

[DALYLA77]

Paragon is being so resilient it is making me want to hold for sure.yesterday despite tons of pressure for it to drop due to profit taking it held up very well.Today with downward pressure everywhere it is holding up well.Even with tons of people doing everything to get out it isn't dropping much. I think were seeing some BIG buyers getting involved here which is keeping the price steady.Onward to $7 within 2 weeks, then i'll think of selling.

I am with you on this one. PRGN is holding up very well today. I plan to hold to low 7.00 range.

 

[Buckna]

I fully expect to buy PRGN again, just hopefully at a slightly cheaper entry point.

 

[itriple]

Im holding also. I think this is much better than my 1.5% savings account. Im actually excepting a slight dip but then it will rocket to $6.50++

 

[St. Louis Bob]

Any idea how big they are? It's hard to imagine that they would be big enough to make a difference but the Chinese are pretty good at "big". Personally, the fact that they are stock piling commodities in this way is scary.

China and oil

So they have an estimated 30 day supply and are shooting for 90-100. According to 2007 numbers that is roughly 455-530 MILLION barrels more. For storage.Holy crap that's a lot of oil.

 

[David Dodds]

Any idea how big they are? It's hard to imagine that they would be big enough to make a difference but the Chinese are pretty good at "big". Personally, the fact that they are stock piling commodities in this way is scary.

China and oil

So they have an estimated 30 day supply and are shooting for 90-100. According to 2007 numbers that is roughly 455-530 MILLION barrels more. For storage.Holy crap that's a lot of oil.

I am certain they are capable of renting out super tankers as well, but yes if they are serious about this strategy they will chew up the oil quickly.

 

[moderated]

Our Captain Dodds may have ejected, but i think the rest of our crew still on board can ride this rocketship up to $7.

 

[David Dodds]

Our Captain Dodds may have ejected, but i think the rest of our crew still on board can ride this rocketship up to $7.

I think it gets there, but it might head south first. I am willing to wait for some real direction from this market. It seems stuck and if the financial stocks were to go south at all, this thing could have a huge pullback in my opinion.

 

[The Ref]

Our Captain Dodds may have ejected, but i think the rest of our crew still on board can ride this rocketship up to $7.

I think it gets there, but it might head south first. I am willing to wait for some real direction from this market. It seems stuck and if the financial stocks were to go south at all, this thing could have a huge pullback in my opinion.

This marks the second time we have bounced off of S&P 920. If the market is not able to break though 920-925 I think we may go back and retest the 770's low of mid march.

 

[moderated]

Our Captain Dodds may have ejected, but i think the rest of our crew still on board can ride this rocketship up to $7.

I think it gets there, but it might head south first. I am willing to wait for some real direction from this market. It seems stuck and if the financial stocks were to go south at all, this thing could have a huge pullback in my opinion.

This marks the second time we have bounced off of S&P 920. If the market is not able to break though 920-925 I think we may go back and retest the 770's low of mid march.

i don't see that happening. the lows of Mid-March were due to uncertainty about the financial system completely collapsing and needing to be Nationalized. That has been avoided and without that kind of huge uncertainty about our financial system it is highly unlikely we re-test the March lows.Also the VIX is WAY down, people aren't running completely scared anymore, they are being cautious, but not the end of the world scared like back in March.I know a lot of people keep wanting to think everything is going to crash again, but it's highly unlikely. We might stay in a 7.5k-9.5k range throughout the year, but we won't be tanking to March lows.

 

[Otis]

S&P 880 is many peoples' view on the current support level. It's testing again today.

 

[Mose]

I fully expect to buy PRGN again, just hopefully at a slightly cheaper entry point.

me 2.

 

[Otis]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

 

[The Ref]

Our Captain Dodds may have ejected, but i think the rest of our crew still on board can ride this rocketship up to $7.

I think it gets there, but it might head south first. I am willing to wait for some real direction from this market. It seems stuck and if the financial stocks were to go south at all, this thing could have a huge pullback in my opinion.

This marks the second time we have bounced off of S&P 920. If the market is not able to break though 920-925 I think we may go back and retest the 770's low of mid march.

i don't see that happening. the lows of Mid-March were due to uncertainty about the financial system completely collapsing and needing to be Nationalized. That has been avoided and without that kind of huge uncertainty about our financial system it is highly unlikely we re-test the March lows.Also the VIX is WAY down, people aren't running completely scared anymore, they are being cautious, but not the end of the world scared like back in March.I know a lot of people keep wanting to think everything is going to crash again, but it's highly unlikely. We might stay in a 7.5k-9.5k range throughout the year, but we won't be tanking to March lows.

Remember the VIX is reactive, not predictive. A dow of 7500 would put us around a S&P of 770, so if you think we will run in that channel on the DOW then you appear to think that we will in fact retest the March 20th low (not to be confused with the March 9th 660 low).920-880-920-880-920-880First break out of this range could mean a market move is under way.

 

[moderated]

Our Captain Dodds may have ejected, but i think the rest of our crew still on board can ride this rocketship up to $7.

I think it gets there, but it might head south first. I am willing to wait for some real direction from this market. It seems stuck and if the financial stocks were to go south at all, this thing could have a huge pullback in my opinion.

This marks the second time we have bounced off of S&P 920. If the market is not able to break though 920-925 I think we may go back and retest the 770's low of mid march.

i don't see that happening. the lows of Mid-March were due to uncertainty about the financial system completely collapsing and needing to be Nationalized. That has been avoided and without that kind of huge uncertainty about our financial system it is highly unlikely we re-test the March lows.Also the VIX is WAY down, people aren't running completely scared anymore, they are being cautious, but not the end of the world scared like back in March.I know a lot of people keep wanting to think everything is going to crash again, but it's highly unlikely. We might stay in a 7.5k-9.5k range throughout the year, but we won't be tanking to March lows.

Remember the VIX is reactive, not predictive. A dow of 7500 would put us around a S&P of 770, so if you think we will run in that channel on the DOW then you appear to think that we will in fact retest the March 20th low (not to be confused with the March 9th 660 low).920-880-920-880-920-880First break out of this range could mean a market move is under way.

i misunderstood and thought you meant the absolute lows.the main point is that now that the financial sector is at least not in danger of complete collapse and near nationalization that we won't get to the point of where we were in early March as that was the main factor that caused it to go that low.I don't think the financials are a good investment as far as their stocks, but i do think they are at least stable as far as their ability to start getting back to running without danger of collapse...which will allow the economy to start recovering instead of declining.Also another great sign is that for the most part companies are beating or at least in line with analysts expectations, which is a big sign that things are turning the corner.

 

[moderated]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

 

[Fodasme69]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

Out at 5.95 :(

 

[moderated]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

Out at 5.95

Hopefully i don't end up being the last one left on the titanic.It's getting lonely.

 

[BroadwayG]

Just wish I had a little more in my 'play' money kittie.

 

[Cromedog]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

Out at 5.95

I've got sellers remorse...This thing has legs and will take a significant market pullback, bdi decrease or other news to bring it back significantly. It's ability to hold ground today is a clear indication.

 

[Random]

Gold and Silver up big this week. Not getting much press but gold is over $950 again after being below $900 at the beginning of the month.

eta gld and/or slv might be a good place to "park" if you're expecting a decent sized correction.

 

[Mr. Pickles]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

Yeah, you sound reasonable.

 

[Otis]

Dr. P> Are you still in FAZ? Check [ ]YES or [ ]NO.

 

[Mr. Pickles]

Dr. P> Are you still in FAZ? Check [ ]YES or [ ]NO.

Yessir.

 

[Otis]

Dr. P> Are you still in FAZ? Check [ ]YES or [ ]NO.

Yessir.

 

[St. Louis Bob]

Gold and Silver up big this week. Not getting much press but gold is over $950 again after being below $900 at the beginning of the month.eta gld and/or slv might be a good place to "park" if you're expecting a decent sized correction.

That reminds me.....I need to check out how my gold & silver investment is going with my cousin.

 

[moderated]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

Yeah, you sound reasonable.

If being unreasonable is making more in one week then i make in a year then i'll take unreasonable all day.there's less then 10 decisions you make in your life that are truly change it, Paragon is one of them for me.either get on board or watch from the sidelines while the rest of us profit.

 

[DALYLA77]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

Out at 5.95

Hopefully i don't end up being the last one left on the titanic.It's getting lonely.

I am still on board with both PRGN and DRYS. I do not feel as confident with DRYS as I do PRGN.Planning on making a small profit with DRYS and holding PRGN for awhile.

 

[Random]

19 User(s) are reading this topic (5 Guests and 1 Anonymous Users)

13 Members: Random, siffoin, playin4beer, St. Louis Bob, SecondCity34, JaxBill, Otis, Ripley, Cromedog, itriple, bishop92, BassNBrew, needanap

 

[Jene Bramel]

Dr. P> Are you still in FAZ? Check [ ]YES or [ ]NO.

Yessir.

Made a small bet at 5.55 earlier today. It's already annoying the hell out of me.

 

[St. Louis Bob]

Meanwhile, renewed clashes between government troops and militants in Nigeria, part of a long-standing dispute over the distribution of oil revenues from the Niger Delta, continued to support oil prices.

Can't we all just get along?

 

[Mr. Pickles]

Dr. P> Are you still in FAZ? Check [ ]YES or [ ]NO.

Yessir.

Made a small bet at 5.55 earlier today. It's already annoying the hell out of me.

You gotta have brass balls to deal in FAZ.

 

[moderated]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

Out at 5.95

Hopefully i don't end up being the last one left on the titanic.It's getting lonely.

I am still on board with both PRGN and DRYS. I do not feel as confident with DRYS as I do PRGN.Planning on making a small profit with DRYS and holding PRGN for awhile.

good to hear your still on board PRGN.DRYS is way too scary for me, i'm sticking with the company that blew away earnings with good management who's share price has held despite tons of people taking profits. For it to hold is truly mind boggling and points to big players buying in.

 

[Jene Bramel]

Dr. P> Are you still in FAZ? Check [ ]YES or [ ]NO.

Yessir.

Made a small bet at 5.55 earlier today. It's already annoying the hell out of me.

You gotta have brass balls to deal in FAZ.

Or hate yourself a little.

 

[The Ref]

Gold and Silver up big this week. Not getting much press but gold is over $950 again after being below $900 at the beginning of the month.eta gld and/or slv might be a good place to "park" if you're expecting a decent sized correction.

In my opinion, everyone should have 15% in gold and silver. If the market retests lows, gold will crack 1K and silver will be at 16 IMHO.Either way, everyone needs some inflation hedge.

 

[itriple]

Out of PRGN (5.85-5.60) * 7,500= +1875

That is close to 12,000 for the week and I didnt hold Tuesday Night so I missed that big run.

I was gonna hold but i need to buy some quality 12 packs for this weekend and needed the cash.

Im thinking some Bells Oberon and Goose Island Honkers Ale.

 

[Otis]

Dr. P> Are you still in FAZ? Check [ ]YES or [ ]NO.

Yessir.

Made a small bet at 5.55 earlier today. It's already annoying the hell out of me.

You gotta have brass balls to deal in FAZ.

I still can't tell if this is shtick or not

 

[Buckna]

PRGN and DRYS have both rebounded nicely throughout the day. I'll be exiting some time this afternoon.

DO NOT SELL OTIS. We can't have both you and Dodds off the ship. ride it to $7 with the last remaining few still on board.

Out at 5.95

I've got sellers remorse...This thing has legs and will take a significant market pullback, bdi decrease or other news to bring it back significantly. It's ability to hold ground today is a clear indication.

I've got a limit in for 1,000 shares $5.70 to get back in. Edit: Looks like it just filled. Will hold off on buying anymore in case there is more market weakness.

 

[Random]

You gotta have brass balls to deal in FAZ.

Or hate yourself a little.

I played it once - when it was $28.xx. Made $10 and swore it off.We need a FAZ support group.

 

[moderated]

Out of PRGN (5.85-5.60) * 7,500= +1875That is close to 12,000 for the week and I didnt hold Tuesday Night so I missed that big run.I was gonna hold but i need to buy some quality 12 packs for this weekend and needed the cash.Im thinking some Bells Oberon and Goose Island Honkers Ale.

Nice take but stick with a 12'er since when this baby pops to 6.25+ tomorrow i don't want you drinking too much alcohol to take away the pain.

 

[BassNBrew]

Dr. P> Are you still in FAZ? Check [ ]YES or [ ]NO.

Yessir.

Made a small bet at 5.55 earlier today. It's already annoying the hell out of me.

You gotta have brass balls to deal in FAZ.

Mine are more water ballons at a birthday party.

 

[Random]

Gold and Silver up big this week. Not getting much press but gold is over $950 again after being below $900 at the beginning of the month.

eta gld and/or slv might be a good place to "park" if you're expecting a decent sized correction.

In my opinion, everyone should have 15% in gold and silver. If the market retests lows, gold will crack 1K and silver will be at 16 IMHO.Either way, everyone needs some inflation hedge.

Think mines a little higher than that.