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My Stock Value Strategy Starts Now (1 Viewer)

Like I said earlier in this thread, I know VERY, VERY little about the stock market... I probably shouldn't even have my own scottrade account online because i know so little...but i opened it specifically to buy stock in the company my step-dad works for (CBI).. i bought $2000 at $5.38 on March 2nd and sold 2 days ago for $11.55.... :blackdot:

I'm pretty much addicted now....

I was going to take the money from that and by PRGN at $3.80 like Cavalier...i actually had my "buy" started, but then it brought up a warning about selling before my other money cleared and being a "free ride"...so while researching that, PRGN kept going up and up...then i didn't buy, because i could've at $3.80.

This thread is very informational and entertaining....

Keep up the good work Dodds...

 
PRGN's earnings report must have been delayed when they reported in March. The May 11th date is in like with others in the sector and also probably plays a role in this run up as well. DSX already reported this morning and beat by a penny...up 7% in pre-market. This bodes well for PRGN.

 
FAZ down to $6.15. Someone talk me outta of making the mistake of pulling the trigger on this.

 
Mr. Pickles said:
KGB said:
FavreCo said:
BAC needs $34 billion more (ouch) and GM is prepping a 1 - 100 reverse split. This should start the snowball rolling down the hill.
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lets go faz!lets go!clap clapNeed a big faz day tomorrow!
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:2cents:My logic for dipping a toe into FAZ was the ridiculous optimism that propped up the banks on Monday. That close wasn't based on anything rational. I'm not rooting for bad news on the stress test, but it does seem as though there is a lot of smoke and mirrors here. Financials are hardly out of the woods.
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this is bull. I bought at 7.25 last thurs. this market is like the terminator
 
BassNBrew said:
FAZ down to $6.15. Someone talk me outta of making the mistake of pulling the trigger on this.
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No idea what to do. This is insane. Bad news markets go up. neutral they go up faster. Good news...not that there is any, the market goes nuts...on pathetic volume. It's almost like they are trying to coax Joe Retail's $5 billion (or whatever the # is sitting around), off the sidelines and into the market so they can get out. Maybe I am insane.
 
I could have bought PRGN at 3.68. I could have bought STP when I said. Nope. I #### around with FAS/FAZ and lose everytime.

 
BassNBrew said:
FAZ down to $6.15. Someone talk me outta of making the mistake of pulling the trigger on this.
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Why bother when we're all in here crushing PRGN.On the technicals, we blasted through the resistance around 4.30. If this thing doesn't fall into a sinkhole today and can stay positive, you're looking at a clear runup to $6. Happy I got in at 4, I wish I'd gotten lower. By the way, I'm in for 1850 shares at 4 bucks. I'd have gotten in lower, but my Scottrade funds hadn't been in my account for three days, and thus I could only buy securities valued at 4 and above. Bastards...
 
So if PRGN earnings really are the 11th, are people looking to sell before or after earnings?

I think I will likely do a little of both (even though deep down I expect a great report)

 
Otis said:
BassNBrew said:
FAZ down to $6.15. Someone talk me outta of making the mistake of pulling the trigger on this.
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Why bother when we're all in here crushing PRGN.On the technicals, we blasted through the resistance around 4.30. If this thing doesn't fall into a sinkhole today and can stay positive, you're looking at a clear runup to $6. Happy I got in at 4, I wish I'd gotten lower. By the way, I'm in for 1850 shares at 4 bucks. I'd have gotten in lower, but my Scottrade funds hadn't been in my account for three days, and thus I could only buy securities valued at 4 and above. Bastards...
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Sitting on a pile of cash burning a hole thru my pocket. Damn banks are trading at 12+ PE ratios now. What happened to all these toxic loans? People still losing jobs and housing market still in the dumper. Head scratcher.
 
David Dodds said:
So if PRGN earnings really are the 11th, are people looking to sell before or after earnings?I think I will likely do a little of both (even though deep down I expect a great report)
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Would S&P reports be a good indicator of this? I have access to them and was going to try and do some research today.
 
Otis said:
Mose said:
David Dodds said:
OK at 4.63, I am officially up $25K here....
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Voice of Reason: Sell!!FBG mentality: This baby is going to $6.00!!
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I think the only reason you sell is if you have something better to put your money in or if you think it's going down. If I'm Dodds, I'm looking at this like house money placed on a really good bet. No way am I selling now.
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It's funny because a house I really like just lowered it's asking price $10K this week too. So this really is starting to be a win/win here in Cali. The only reason I even have all this money to mess around with was because Real Estate here still has not bottomed out. So house money does seem like the right phrase here.
 
I hate not being in all cash over the weekend for whatever reason. I would like to hold through earnings though on this one, and probably will since I really don't think I will lose money, just a possibility that I won't make as much. I'll take that risk for the chance at a big pop on monday.

So I'm holding through earnings. If earnings is truly on monday.

 
BassNBrew said:
Sitting on a pile of cash burning a hole thru my pocket. Damn banks are trading at 12+ PE ratios now. What happened to all these toxic loans? People still losing jobs and housing market still in the dumper. Head scratcher.
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The only book I own in investing (Daytrading Advantage) said this about markets. When stocks are headed higher (bull), don't ever be a in a counter position betting against the market. Many people have lost fortunes trying to bet on something reaching it's peak.I can personally recall my biggest losses this year were all with SCO when it made no sense for oil to go higher. This is the same with the bank stuff now. People heard all the horrible news about how the sky was falling. Then the bank stocks rebounded so people came back. It has nothing to do with fundamentals at all right now. The markets are rallying and EVERYTHING is going up right now. Even bad earnings are seemingly cast aside as people believe next earnings will show the gain type of stuff.Honestly I think the whole market feels a bit pricey right now. But until it actually turns it's head I am unwilling to bet against it. The maniacs might just send this thing way higher.
 
Haraldur said:
King of the Jungle said:
Anyone have any thoughts on SIRI. I am in at .39, premarket is .55 now. I believe earnings coming out Thursday....
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I think SIRI has a viable future but you are going to have to be patient. Good longterm buy.
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:yawn: SIRI was one of my first purchases, and I sold @0.40 after a quick gain. I am kinda sorry I did. SIRI received an influx of cash from Liberty Media (John Malone), for a a %40 stake in SIRI.

Malone/Liberty did this when DirectTV was on the ropes, and now Liberty and DirectTV are merging.

Here's a three part series from the Denver Business Journal on Malone and his company. I am not saying everything he touches turns to gold, but apprently he saw a potential to profit from SIRI.

My wife and I both have holdings of Liberty Media in our retirement accounts.

 
fAZ at $5.75. Will consider once it braks $5.50. BAC and BBT up 10%+ today, FAZ should be headed to 30% decline.

Speaking of BBT, it's up $3.5 to $28.10. Would be nice to have those shares I sold at $19. The PE is now 13+ and it's in sight of the 52 week high of 45 prior to the meltdown.

 
Mose said:
So if we hold PRGN through earnings report we get a dividend, right?
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I think the dividend date is another date. It might be another two weeks after earnings or something. They should announce on earnings day whether there will be a dividend, when it will get credited, and how much it will be. The 0.05 is not guaranteed at all right now.
 
The way Paragon is moving right now, I am thinking 5.0 is definitely in reach very soon. Volume again is again going to be very high today.

5.0 is a critical mark for them too as many more investing firms can then add their stock. Many have rules for leveraged money not to buy stocks valued at 5.0 or less. The institutonal piece is just 16% of this company right now. With solid earnings I think that could easily jump to 25% or more here.

One thing that I am hopeful here is that Paragon delays earnings. It will all but guarantee a few more active trading days. Else this thing could reach it's conclusion this coming Monday.

 
David Dodds said:
The way Paragon is moving right now, I am thinking 5.0 is definitely in reach very soon. Volume again is again going to be very high today.5.0 is a critical mark for them too as many more investing firms can then add their stock. Many have rules for leveraged money not to buy stocks valued at 5.0 or less. The institutonal piece is just 16% of this company right now. With solid earnings I think that could easily jump to 25% or more here.One thing that I am hopeful here is that Paragon delays earnings. It will all but guarantee a few more active trading days. Else this thing could reach it's conclusion this coming Monday.
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You going to stop loss in case of negative surprise? Or is it ball's to the wall from here on out...
 
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