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My Stock Value Strategy Starts Now (2 Viewers)
- Thread starter David Dodds
- Start date
David Dodds
Administrator
Sold 10,000 shares at 3.13 while I was out.
David Dodds
Administrator
Wow, don't really know where to put my money at anymore. The Dry Shippers finally feel over-priced (at least relative to where they have been the last few months). I will likely get out of FREE here soon (if I can get close to 1.35 on the remaining shares) and I guess I will mostly be looking for soft spots in the market (correction days).
David Dodds
Administrator
You are welcome. This is one of the better companies and I did not understand why it was lagging so far behind some of the others. This was a nice pop today though.
David Dodds
Administrator
I was so close to pulling the trigger right here too. I am still looking for slightly a better price.
That's why I only went in for 1000. Holding some reserves for a better price.
I was worried about the impact of pirates on this sector. I guess insurance would cover this????
David Dodds
Administrator
My feeling is oil (and DXO) goes lower after the inventory report and into Thursday. There are now a LOT of contracts (UCO and DXO) on July oil. DXO will roll next and that could really hurt UCO. I will be watching the inventory report here. My money could be in SCO soon betting that oil is going lower.
David Dodds
Administrator
Bought 1,000 shares of DSX at 13.80. The whole sector is up big and they actually announced great news locking up a contract at 55K a day through a ship buy. This should pop easily back to 14.5 or so possibly within days
King of the Jungle
Footballguy
Bailing out UYG. Taking my 30%. Sector making me too nervous.
David Dodds
Administrator
OK, stepping out again here for a bit.
I have set these triggers while I am running some errands:
BUY 5,000 DXO at 3.03
BUY 5,000 DXO at 3.00
SELL the rest of FREE at 1.34
SELL 1,000 DSX at 14.40
I have set these triggers while I am running some errands:
BUY 5,000 DXO at 3.03
BUY 5,000 DXO at 3.00
SELL the rest of FREE at 1.34
SELL 1,000 DSX at 14.40
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Biabreakable
Footballguy
S&P is tanking looks like reversal at 850 has been correct. Support at around 830 next is where I am looking for a reversal to the upside.
You just bought 5000 shares
David Dodds
Administrator
yes I did. Feed is at 3.01 right now on profit taking and seems like a decent price. DSX seems very reasonable right now too based on the rest of the sector moves.
bigfishboy
Footballguy
You may just get it...TODAY! Probably not, but in the next day or two it may reach that line.FAS dropping like a rock right now. Confirms our ideas that people are buying before the news hits, then selling once it does. I wonder if those people were just speculating, or if news was leaked to them.I don't expect the nose dive to continue at the rate it is at this moment. But wouldn't be surprised to see continued slight falling over the next few days, maybe into next week when the final reports are released. I am considering buying back in starting at $8 and then doubling every $1 increment below that. Typically I wait till the end of the day to see if it accelerates, but it cannot accelerate from the rate it is on right now!
LHUCKS
Footballguy
Just went HUGE on FAZ...volume is spiking. Got in at 10.46.
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David Dodds
Administrator
Front end oil is at $49.10. If people want in, this is a pretty damn nice spot. Both DXO orders executed for me.
LHUCKS
Footballguy
I'll play along for the hell of it...in for 1000 shares at 2.99
gl with that. What's you exit point?
The Z Machine
Footballguy
In on DSX at 13.85. Gonna sit on them and the rest of my SBLK at 1.53 that I haven't sold off yet.
LHUCKS
Footballguy
Around 15...but I don't like setting static exits.
Cromedog
Footballguy
FEED @ 3.44...you might have missed it...I've been watching too.
Had a limit purchase in for 3,000 shares that missed, but when I saw it headed back up I did buy 1,000 at 3.18.
Citi's earnings on Friday are what's going to be key. I read that analysts were expecting a $.33/share loss but that the CEO was saying in March that they were profitable for the 1st two months in 2009 and that he expected a profitably quarter. Now, Citi has been on fire lately. Does this mean that the market is actually believing what the CEO is saying and not the analysts?
Regardless, Friday will be HUGE for all of us in FAS or FAZ.And boom goes the dynamite. Over $3.50 now. That's what I get for being too cute and trying to save a few pennies.
Cromedog
Footballguy
At least you got 1000 shares...
David Dodds
Administrator
Completely out of FREE (all 30,000 shares today) at between 1.34 and 1.36 (I was in for an average price of 1.20 and bought 20,000 of those shares yesterday so very pleased).
I am going to hold DSX and DXO overnight
I am going to hold DSX and DXO overnight
bigfishboy
Footballguy
I am guessingCiti's earnings on Friday are what's going to be key. I read that analysts were expecting a $.33/share loss but that the CEO was saying in March that they were profitable for the 1st two months in 2009 and that he expected a profitably quarter. Now, Citi has been on fire lately. Does this mean that the market is actually believing what the CEO is saying and not the analysts?Regardless, Friday will be HUGE for all of us in FAS or FAZ.
that Citi's report will be great. It seems like too many times when a company surprises big that it runs up before their announcement. Leaks, insider trading, I don't know. But it happens.I am close to re-entering FAS for a small stake. Hoping to add to it over then next week.Edit to add: In FAS @ $7.845
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King of the Jungle
Footballguy
Looking to do the same, debating on when. Rid of UYG to take profits today, but thinking FAS is worth the risk going forward after pulling back some.I am guessingCiti's earnings on Friday are what's going to be key. I read that analysts were expecting a $.33/share loss but that the CEO was saying in March that they were profitable for the 1st two months in 2009 and that he expected a profitably quarter. Now, Citi has been on fire lately. Does this mean that the market is actually believing what the CEO is saying and not the analysts?
David Dodds
Administrator
Year to Date Profit = $44,363
Today's Realized Gains/Losses: +5,554
Bought/Sold 10,000 DXO - Profit = $1,188
Sold 30,000 FREE - Profit = $4,366
Holding these positions (unrealized gains/losses):
10,000 DXO @ 3.015
1,000 DSX @ 13.80
Today's Realized Gains/Losses: +5,554
Bought/Sold 10,000 DXO - Profit = $1,188
Sold 30,000 FREE - Profit = $4,366
Holding these positions (unrealized gains/losses):
10,000 DXO @ 3.015
1,000 DSX @ 13.80
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Sonny Lubick Blowup Doll
Footballguy
What a week for you, David. Elmo. Now this. 
David Dodds
Administrator
It has definitely been a good week here.What a week for you, David. Elmo. Now this.
David Dodds
Administrator
Let's hope the EIA report tomorrow is not as bad as this API report. Last week this report did not match the EIA report at all so who knows really. I think I am going to ride my luck and hold my position here if it starts lower in the morning.
API Report
API Report
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Sand
Footballguy
Sold GLD this morning for essentially no gain. Still holding the DLR-B I noted a few weeks back (kindof the anti-trade in this thread). It is up 40% with a 15% yield, so no complaints here.
With this earnings season upon us I think we will grind down for a while - hoping oil gets whacked pretty good for another nice entry point.
With this earnings season upon us I think we will grind down for a while - hoping oil gets whacked pretty good for another nice entry point.
King of the Jungle
Footballguy
Anyone getting in FAS? I want to find entry before Friday...looks like it is going lower right now.
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David Dodds
Administrator
sold 10,000 DXO at 3.03 - barely made a profit, but I am a little scared regarding the upcoming inventory report here. Profit = 1.5 cents x 10,000 = $150 - $18 = $132
David Dodds
Administrator
sold 1,000 DSX at 13.97. With the sector down, I just wanted to exit my position and look for a better entry spot. PLus I like EXM, SBLK, FREE and PRGN better as companies. Profit = 170 - 12
David Dodds
Administrator
Summary of Weekly Petroleum Data for the Week Ending April 10, 2009
U.S. crude oil refinery inputs averaged nearly 14.0 million barrels per day
during the week ending April 10, down 300 thousand barrels per day from the
previous week's average. Refineries operated at 80.4 percent of their operable
capacity last week. Gasoline production fell last week, averaging 8.9 million
barrels per day. Distillate fuel production increased last week, averaging
nearly 4.0 million barrels per day.
U.S. crude oil imports averaged nearly 9.4 million barrels per day last week, up
59 thousand barrels per day from the previous week. Over the last four weeks,
crude oil imports have averaged 9.4 million barrels per day, 271 thousand
barrels per day below the same four-week period last year. Total motor gasoline
imports (including both finished gasoline and gasoline blending components) last
week averaged nearly 1.1 million barrels per day. Distillate fuel imports
averaged 144 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) increased by 5.6 million barrels from the previous week. At
366.7 million barrels, U.S. crude oil inventories are above the upper boundary
of the average range for this time of year. Total motor gasoline inventories
decreased by 0.9 million barrels last week, and are above the upper boundary of
the average range. Finished gasoline inventories rose last week while gasoline
blending components inventories decreased during this same time. Distillate fuel
inventories decreased by 1.2 million barrels, and are above the upper boundary
of the average range for this time of year. Propane/propylene inventories
increased by 1.1 million barrels last week and are above the upper limit of the
average range. Total commercial petroleum inventories increased by 8.2 million
barrels last week, and are above the upper limit of the average range for this
time of year.
Total products supplied over the last four-week period has averaged 18.7 million
barrels per day, down by 5.2 percent compared to the similar period last year.
Over the last four weeks, motor gasoline demand has averaged 9.0 million barrels
per day, down by 0.4 percent from the same period last year. Distillate fuel
demand has averaged about 3.9 million barrels per day over the last four weeks,
down by 6.7 percent from the same period last year. Jet fuel demand is 6.9
percent lower over the last four weeks compared to the same four-week period
last year.
U.S. crude oil refinery inputs averaged nearly 14.0 million barrels per day
during the week ending April 10, down 300 thousand barrels per day from the
previous week's average. Refineries operated at 80.4 percent of their operable
capacity last week. Gasoline production fell last week, averaging 8.9 million
barrels per day. Distillate fuel production increased last week, averaging
nearly 4.0 million barrels per day.
U.S. crude oil imports averaged nearly 9.4 million barrels per day last week, up
59 thousand barrels per day from the previous week. Over the last four weeks,
crude oil imports have averaged 9.4 million barrels per day, 271 thousand
barrels per day below the same four-week period last year. Total motor gasoline
imports (including both finished gasoline and gasoline blending components) last
week averaged nearly 1.1 million barrels per day. Distillate fuel imports
averaged 144 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) increased by 5.6 million barrels from the previous week. At
366.7 million barrels, U.S. crude oil inventories are above the upper boundary
of the average range for this time of year. Total motor gasoline inventories
decreased by 0.9 million barrels last week, and are above the upper boundary of
the average range. Finished gasoline inventories rose last week while gasoline
blending components inventories decreased during this same time. Distillate fuel
inventories decreased by 1.2 million barrels, and are above the upper boundary
of the average range for this time of year. Propane/propylene inventories
increased by 1.1 million barrels last week and are above the upper limit of the
average range. Total commercial petroleum inventories increased by 8.2 million
barrels last week, and are above the upper limit of the average range for this
time of year.
Total products supplied over the last four-week period has averaged 18.7 million
barrels per day, down by 5.2 percent compared to the similar period last year.
Over the last four weeks, motor gasoline demand has averaged 9.0 million barrels
per day, down by 0.4 percent from the same period last year. Distillate fuel
demand has averaged about 3.9 million barrels per day over the last four weeks,
down by 6.7 percent from the same period last year. Jet fuel demand is 6.9
percent lower over the last four weeks compared to the same four-week period
last year.
