My Stock Value Strategy Starts Now (1 Viewer)

[David Dodds]

Back in....2000 dxo @ $2.96

I love this move. I think this thing bounces up and down all week based on UCO buying the shares. I unfortunately was sound asleep after playing poker all night. I will see if I can add shares early at a price near $3.00 as well.My take on the inventory report is this: The inventories really did not increase by much and fully supported higher oil prices. That tells me that $48-52 oil is roughly the range here with a lot more factors (tensions in Middle East, Israel, improving economic news, etc) that could easily push this to $60 oil than bring it back to $42/43.

 

[David Dodds]

Don't look now but the Dry Shippers are headed up big in after-markets here based on EXMs quarterly report:

EXM - 7.10 (+19%)

PRGN - 3.50 (5.5%)

DSX - 12.98 (+4.6%)

 

[The Z Machine]

Still holding my SBLK shares in the hopes that this approaches $3.00. It's capable IMO.

 

[KGB]

Don't look now but the Dry Shippers are headed up big in after-markets here based on EXMs quarterly report:EXM - 7.10 (+19%)PRGN - 3.50 (5.5%)DSX - 12.98 (+4.6%)

yea, that after hours skyrocketed on EXM

 

[KGB]

Lets play! Starting balance $2500

Stats so far...

Bought 1000 KFN @ 0.8997 899.70

Sold 1000 KFN @ 0.9084 908.39

$8.69

Bought 3000 VG @ 0.45 -1,350.00

Sold 3000 VG @ 0.375 1,124.99

-225.01

TO DATE

-216.32

Currently holding

Bought 1500 GNVC @ 0.61 -915.00

Bought 1500 BEE @ 0.85 -1,275.00

 

[David Dodds]

Year to date Profit = $27,492

Today's Realized gains/Losses: +2370 (DXO)

Holding these positions (unrealized gains):

10,000 FREE at 1.18 (currently at 1.20)

3,000 PRGN @ 3.37 (currently at 3.50 in after-market)

14,300 FEED @ 2.34 (currently at 2.27)

 

[KGB]

dd, im feeling some faz as people sell of for the 3 day weekend. thoughts?

 

[BassNBrew]

Back in....2000 dxo @ $2.96

I love this move. I think this thing bounces up and down all week based on UCO buying the shares. I unfortunately was sound asleep after playing poker all night. I will see if I can add shares early at a price near $3.00 as well.My take on the inventory report is this: The inventories really did not increase by much and fully supported higher oil prices. That tells me that $48-52 oil is roughly the range here with a lot more factors (tensions in Middle East, Israel, improving economic news, etc) that could easily push this to $60 oil than bring it back to $42/43.

Unfortunately I don't think I can move DXO after hours. Just saw it at $3.09.Mostly following your reasoning and lead here and watching the oil chart for trends.

 

[St. Louis Bob]

***********************

Important Reminder

***********************

The markets are closed tomorrow for the Good Friday holiday.

 

[BassNBrew]

***********************Important Reminder***********************The markets are closed tomorrow for the Good Friday holiday.

What happened to separation of church and whatever? Us Muslims and atheists want to trade stocks tomorrow.

 

[eoMMan]

FAS

Pre-Market: 7.67 +1.48 (23.91%)



I'm getting out today. I'm in for $7.20 and I'm okay with a really small profit. I got in at a bad time.

 

[FavreCo]

dd, im feeling some faz as people sell of for the 3 day weekend. thoughts?

They just got destroyed by Wells Fargo this morning.

 

[FavreCo]

FASPre-Market: 7.67 +1.48 (23.91%) I'm getting out today. I'm in for $7.20 and I'm okay with a really small profit. I got in at a bad time.

A win is a win.

 

[Lord of Football]

DXO 3.23 pre market

 

[Buckna]

I'm out WFC. 50% gain in less than a week, I'll take that!

Oof. Up another 100% since I sold.

 

[BassNBrew]

Back in....2000 dxo @ $2.96

I love this move. I think this thing bounces up and down all week based on UCO buying the shares. I unfortunately was sound asleep after playing poker all night. I will see if I can add shares early at a price near $3.00 as well.My take on the inventory report is this: The inventories really did not increase by much and fully supported higher oil prices. That tells me that $48-52 oil is roughly the range here with a lot more factors (tensions in Middle East, Israel, improving economic news, etc) that could easily push this to $60 oil than bring it back to $42/43.

Unfortunately I don't think I can move DXO after hours. Just saw it at $3.09.Mostly following your reasoning and lead here and watching the oil chart for trends.

Just sold 2000 dxo @ $3.21 $500 profit less $16 in commissions.Will look to reaquire on a pullback.

 

[JAA]

Back in....2000 dxo @ $2.96

I love this move. I think this thing bounces up and down all week based on UCO buying the shares. I unfortunately was sound asleep after playing poker all night. I will see if I can add shares early at a price near $3.00 as well.My take on the inventory report is this: The inventories really did not increase by much and fully supported higher oil prices. That tells me that $48-52 oil is roughly the range here with a lot more factors (tensions in Middle East, Israel, improving economic news, etc) that could easily push this to $60 oil than bring it back to $42/43.

Unfortunately I don't think I can move DXO after hours. Just saw it at $3.09.Mostly following your reasoning and lead here and watching the oil chart for trends.

Just sold 2000 dxo @ $3.21 $500 profit less $16 in commissions.Will look to reaquire on a pullback.

nice strategy

 

[David Dodds]

I think we are all seeing the oil manipulation going on right before us here. Making sure everyone knows the facts, because this looks like easy pickings the next few market days.

1. UCO is forced to buy July oil at 20% of their contracts per business day as part of their rollover (this happens every two months). Today marks their second day so they will be buying through Wednesday next week. It appears they are purchasing these shares at the beginning of the day.

2. Once UCO has got their shares, surprise, surprise oil again retreats to the "normal" level. This is our buying oportunity each day. A good price to buy DXO is around 3.00, A good price to sell DXO is 3.15-3.20 (for a 5+% gain).

I slept through the buying opportunity yesterday, but expect to get in today on the drop. You can also bet SCO or DTO (the opposites of UCO and DXO) when oil is the highest. Since I missed DXO below 3.00, I am now looking to purchase SCO below 28.00

 

[Lord of Football]

I think we are all seeing the oil manipulation going on right before us here. Making sure everyone knows the facts, because this looks like easy pickings the next few market days.1. UCO is forced to buy July oil at 20% of their contracts per business day as part of their rollover (this happens every two months). Today marks their second day so they will be buying through Wednesday next week. It appears they are purchasing these shares at the beginning of the day.2. Once UCO has got their shares, surprise, surprise oil again retreats to the "normal" level. This is our buying oportunity each day. A good price to buy DXO is around 3.00, A good price to sell DXO is 3.15-3.20 (for a 5+% gain).I slept through the buying opportunity yesterday, but expect to get in today on the drop. You can also bet SCO or DTO (the opposites of UCO and DXO) when oil is the highest. Since I missed DXO below 3.00, I am now looking to purchase SCO below 28.00

Sold DXO at 3.20. Great call David.

 

[David Dodds]

Bought 500 shares of SCO at 27.65

 

[BassNBrew]

I think we are all seeing the oil manipulation going on right before us here. Making sure everyone knows the facts, because this looks like easy pickings the next few market days.1. UCO is forced to buy July oil at 20% of their contracts per business day as part of their rollover (this happens every two months). Today marks their second day so they will be buying through Wednesday next week. It appears they are purchasing these shares at the beginning of the day.2. Once UCO has got their shares, surprise, surprise oil again retreats to the "normal" level. This is our buying oportunity each day. A good price to buy DXO is around 3.00, A good price to sell DXO is 3.15-3.20 (for a 5+% gain).I slept through the buying opportunity yesterday, but expect to get in today on the drop. You can also bet SCO or DTO (the opposites of UCO and DXO) when oil is the highest. Since I missed DXO below 3.00, I am now looking to purchase SCO below 28.00

In SCO at $27.83 for 100 shares.

 

[BassNBrew]

In for 100 FAZ at $14. Will be out of this by the end of the day for better or worse.

 

[BassNBrew]

I think we are all seeing the oil manipulation going on right before us here. Making sure everyone knows the facts, because this looks like easy pickings the next few market days.1. UCO is forced to buy July oil at 20% of their contracts per business day as part of their rollover (this happens every two months). Today marks their second day so they will be buying through Wednesday next week. It appears they are purchasing these shares at the beginning of the day.2. Once UCO has got their shares, surprise, surprise oil again retreats to the "normal" level. This is our buying oportunity each day. A good price to buy DXO is around 3.00, A good price to sell DXO is 3.15-3.20 (for a 5+% gain).I slept through the buying opportunity yesterday, but expect to get in today on the drop. You can also bet SCO or DTO (the opposites of UCO and DXO) when oil is the highest. Since I missed DXO below 3.00, I am now looking to purchase SCO below 28.00

In SCO at $27.83 for 100 shares.

Sold at $28.84 for $101 profit less $16 in commissions in less than 2 hours. Every little bit helps and as DD says, you don't want to be on the wrong side of oil if the poop hits the fan.DXO currently at $3.09. If I catch it at $3 or below I'll be back in.

 

[Apu]

Added 5,000 FEED at 2.31

This stock was on my list to research yesterday, but I ran out of time.

 

[David Dodds]

I will be back in if DXO hits 3.05 just to have over the extended weekend as well. I will sell SCO at the end today regardless (almost pulled the trigger already). looking to dump FREE so I have more buying power early next week for oil related stocks too

 

[David Dodds]

SCO stop loss triggered at 28.50 for a decent gain (was higher, but stalled out)

 

[David Dodds]

In observance of Good Friday, the U.S. Bond markets will close at 2:00 p.m. ET on Thursday, April 9, 2009. The U.S. Bond and Equity markets will be closed on Friday, April 10, 2009. Plan accordingly

 

[KGB]

Lets play! Starting balance $2500

Stats so far...

Bought 1000 KFN @ 0.8997 899.70

Sold 1000 KFN @ 0.9084 908.39

$8.69

Bought 3000 VG @ 0.45 -1,350.00

Sold 3000 VG @ 0.375 1,124.99

-225.01

TO DATE

-216.32

Currently holding

Bought 1500 GNVC @ 0.61 -915.00

Bought 1500 BEE @ 0.85 -1,275.00

Sold 1500 BEE @.9298 for 119.70 profit

 

[David Dodds]

Year to date Profit = $27,905

Today's Realized gains/Losses: +413 (SCO)

Holding these positions (unrealized gains):

10,000 FREE at 1.18 (currently at 1.27)

3,000 PRGN @ 3.37 (currently at 3.35)

14,300 FEED @ 2.34 (currently at 2.37)

Targets set at these levels:

Sell FREE at 1.29 (Inches from this today, but did not get there)

Sell PRGN at 3.50 (hit that today, but my order did not execute)

Sell FEED at 2.50

I expect to be active in oil related stocks next week

 

[BassNBrew]

Just sold 200 BBT at $18.96 for a $468 profit less $16 in commissions plus $61 in dividends. $513 to the good.

Will look to re-aquired in the 17s. Getting some funding ready for oil.

 

[BassNBrew]

Just bought 100 SCO at $27.27.

 

[KGB]

Sold my BEE at 93. F-ing thing wouldn't break 93 all day. 5 min after I sell it shoots to 98. Missed out on an extra 80 percent profit or so. Grr

 

[BassNBrew]

David,

Thoughts on late day activity before the close. Do you expect some profit taking?

Will the remaining 3 UCO rollover days be next Monday-Wed?

 

[St. Louis Bob]

In 2000 DXO @ $3.01.

Added another 1000 DXO @ $2.88That makes 3000 @ $2.97

I had an appointment this morning and missed the high. I put a sell in at $3.20 and it just went through.So profit of $690

 

[eoMMan]

Just got in FAZ at $12.19......couldn't resist.

 

[chet]

Thinking about taking some profits in BAC and GS. Both are >doubles.

 

[David Dodds]

David,Thoughts on late day activity before the close. Do you expect some profit taking?Will the remaining 3 UCO rollover days be next Monday-Wed?

yes the UCO rollover wil go from Monday - Wednesday. I then expect UCO to tank (will have my money in SCO sometime Tuesday or Wednesday) for what seems like an automatic pullback (will likely watch the inventory report like a hawk too as it seems weird that the API and EIA reports were so radically different this past week). I like your purchase at the end of the day here at less than $27.50. I also considered taking a big position there, but hate betting against oil in these long weekends. By waiting I should have almost $80K available to really be strong in the oil plays to start the week as well. I had contemplated dumping my 10,000 shares of FREE, my $30K position in FEED and my position in PRGN, but I like all those companies too much right now to sell. Should be an active week for me (if I don't die on my Big Wheel Sunday)

 

[FavreCo]

Jesus FASing Christ. Why did I sell?

 

[FavreCo]

Just got in FAZ at $12.19......couldn't resist.

That's manly. With this runaway freight train, that is one ETF I want no part of right now.

 

[The Z Machine]

Just sold 200 BBT at $18.96 for a $468 profit less $16 in commissions plus $61 in dividends. $513 to the good.Will look to re-aquired in the 17s. Getting some funding ready for oil.

Prior to yesterday i had my limit set at around $19.50, but dropped it to about $18.65... whoops. Glad to be out from under BBT. Glad to see you made some coin on them too.

 

[Buckna]

Here we go again:Bought some more SCO to average down. Cost basis = 30.204. Sold calls at a strike of 32 for $2.2623 which gets my cost basis to 27.9417. Options expire in 23 days.

I've been trying to buy back my calls since last week when SCO was in the 27~28 range but there is no volume on these things. I was able to fill 1 out of the 3. If I could have gotten all the orders filled back on Friday when I first tried I would have made 50% on the calls and then either resold them today at full value or gotten out of SCO altogether.As it is, I am going to try and sell the one I already bought back. If the order doesn't fill, I will liquidate 1/3rd of my SCO position. Options expire in 10 days.

Somebody gave me a gift as my option sell filled at $2.95, well over my limit price. The bid/ask on this same option when I listed it was 1.90 / 2.20 at the time. The market makers on these thinly traded options must make a killing.New cost basis = 29.20. Although I may try to buy these back now that SCO has cratered 10% in 15 minutes.

Bought back all 3 calls at a price $0.80. New cost basis is $30.06 so I'm still down about 10% here. Hopefully I can get a pop on SCO next week. At which point I'll either sell some new calls or get out altogether. Options expire next weekend which will free up some cash to put to work somewhere else.

 

[BassNBrew]

Just sold 100 SCO at 27.46 for a $20 profit less $16 in commisions.

Just sold 100 FAZ at $10.44 for a loss of $357 plus $16 commissions (OUCH).

Current positions:

100 FAZ @ $11.53

1000 FEED @ $2.39

1000 PRGN @ $3.31 + $50 dividend

300 FAZ @ way too much. Down at least $2k here.

 

[BassNBrew]

Someone please smack me if I even consider buying FAZ again.

 

[FavreCo]

Someone please smack me if I even consider buying FAZ again.

I'll never touch it again. Any trade now is too risky. If there is no market sell off, that POS is going to become a penny ETF. It can have some dead cat bounces but it's done. Single digits is a guarantee right now. I can't see a scenario where 20 is ever seen again.

 

[The Z Machine]

I will never gambol with FAS/FAZ. That stuff is straight toxic.

 

[FavreCo]

I will never gambol with FAS/FAZ. That stuff is straight toxic.

FAZ is out (once things turn around for real, it's history) but FAS still has potential.

 

[BassNBrew]

Someone please smack me if I even consider buying FAZ again.

I'll never touch it again. Any trade now is too risky. If there is no market sell off, that POS is going to become a penny ETF. It can have some dead cat bounces but it's done. Single digits is a guarantee right now. I can't see a scenario where 20 is ever seen again.

Wish you had been here earlier today when I got the bright idea that some people would take profits before the holiday weekend.

 

[FavreCo]

Someone please smack me if I even consider buying FAZ again.

I'll never touch it again. Any trade now is too risky. If there is no market sell off, that POS is going to become a penny ETF. It can have some dead cat bounces but it's done. Single digits is a guarantee right now. I can't see a scenario where 20 is ever seen again.

Wish you had been here earlier today when I got the bright idea that some people would take profits before the holiday weekend.

That's why I couldn't pull the trigger on FAS or UYG at all today. I too was waiting for a sell off. But nooooo, it has to just keep marching forward as I sit at the station.

 

[KGB]

Someone please smack me if I even consider buying FAZ again. :X

I'll never touch it again. Any trade now is too risky. If there is no market sell off, that POS is going to become a penny ETF. It can have some dead cat bounces but it's done. Single digits is a guarantee right now. I can't see a scenario where 20 is ever seen again.

Wish you had been here earlier today when I got the bright idea that some people would take profits before the holiday weekend.

I was thinking about buying faz with an hour or 2 left in the day. Thankfully my money was tied up. :wfew:

 

[St. Louis Bob]

In 2000 DXO @ $3.01.

Added another 1000 DXO @ $2.88That makes 3000 @ $2.97

I had an appointment this morning and missed the high. I put a sell in at $3.20 and it just went through.So profit of $690

I finally figured out my YTDYear to date Profit = $7492.57

DD has a lot more dough than me to play with but I want to see how we stack up at then end of the year.