NYG Endzone
Footballguy
What $ range is that, below 4.70?
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My Stock Value Strategy Starts Now (3 Viewers)
- Thread starter David Dodds
- Start date
David Dodds
Administrator
Just added another 5,000 shares of OCNF at 1.66
Mose
Footballguy
I really don't care for this stock much now that I looked into it more.My next couple of days are kinda jacked, so I'll probably be in cash until monday and hope some stuff drops that I like. Good luck to all of you still holding PRGN!
Mose
Footballguy
fidelity isn't that expense. I use them. How many shares are you talking?
David Dodds
Administrator
I am in the same spot. I pretty much have always hated this stock. But I still expect it to bounce back for a profit for me.
analog_hiss
Footballguy
Chart for FEED.MACD crossover again, and positive above the blue 9 day...both bullish signs.
I added the DMI/ADX, which is at the bottom. Notice the big jump in price at the crossover (green/red) around March 16? While there was contraction and a slight drop in price, the ADX (black line which is a strength indicator) remains above 40 which means the trend is very strong.
In my last post I stated I would re-enter when FEED dropped below 3.05, and said I was dreaming...and as it looks, I was right. The swine flu spooked some folk and worroes still exist...plus I read recently that pork prices in China are below last year at this time...which could be bad for revenues.
Annual Shareholders meeting is June 11...not sure about Q1 2009 reports.
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Cromedog
Footballguy
Yes, I thought it may drop below 4.70. I keep pondering buying more shares but don't want to get too greedy, but if I wasn't in it I'd be looking for an entry spot.
analog_hiss
Footballguy
Yes the fees are a bit higher, but I do like their service. My wife and I use them for our retirement accounts and our kids 529's for college.
Harris
Footballguy
its $19.95 for a trade for 1-36 trades/year, $10.95 for 36-120 trades/year and $8.95 for over 120/yeari guess with PGRN at $4.75 or so, i would want 500 shares.......i'm just not sure how many trades/year i would make. depends on how i keep up with this thread really and how interested i get into all this. i'm a greenhorn
analog_hiss
Footballguy
Also wanted to add...pay attention to the RSI...each time it is over 70 and green, there have been dips, so you might find a cheaper entry price.
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Mose
Footballguy
36 trades a year is less then 2 buys/sells a month.You should do that easily. So now you are at $11 a trade, which is only $4 more than Scottrade.
The Z Machine
Footballguy
Still riding the PRGN (up 42%) and DRYS (up 49%) train.
This is sick.
This is sick.
Cromedog
Footballguy
Thanks!!
Harris
Footballguy
Ok, I forgot a buy/sell would count for 2 trades.Next question is...........is there a time to jump in on PGRN, DRYS, or ONCF? Or too late?
David Dodds
Administrator
and just like that I am upside down in a company I hate OCNF. I have 10,000 shares at 1.72. It's dropping fast (hit 1.61 already). Not going to try and guess the bottom here. I will try and add more shares as it rebounds (if it does).
David Dodds
Administrator
OCNF is cheap, but the company is pretty shady. It's cratering as I type this (off nearly 14% today). I think PRGN and DRYS (and most of the Dry Shippers) are likely going to go higher because of the sector they are in is recoverying. You may want to look for a better spot though (on a day when they dip a lot like OCNF is today).
Mose
Footballguy
I am holding off for a down day. All of the shippers have had an incredible week. Once I see a red day, I'll hop back in. I'm not hopping in ONCF though.
bigfishboy
Footballguy
My pain in selling FAS at 8.75 and not reaping the additional 2.50 per share is only surpassed by the sheer horror Bass and FavreCo must be feeling playing FAZ.
Mr. Pickles
Footballguy
:nervouslaugh:
FavreCo
Footballguy
I think we both gave up on it.....for now. Sick.
KGB
Footballguy
I got killed on it too. Like 20 percent or so. :barf:
Much like your monkier, I keep coming back for another season of punishment.
David Dodds
Administrator
I might have gotten too greedy on my Paragon shares. It gets back to 4.85-4.90 tomorrow I am going to look to transition out of some shares and lock in more of this profit.
Mose
Footballguy
I think that would be a smart idea.
David Dodds
Administrator
added 5,000 more shares of OCNF at 1.56. Getting into this deeper than I hoped to. I now have 15,000 shares at $1.63
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Mr. Pickles
Footballguy
(blows out)
Cromedog
Footballguy
The best play for you is to sell them off in lots of 5k or 10k and then hold 5k til Monday and see what earnings bring then you get the best of both worlds. Yes you should have dumped 5K early today in the 4.85 range.
Otis
Footballguy
Random
Footballguy
DD -With all due respect, I just want to point out that your attitude on OCNF is the polar opposite it was on PRGN.
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Thanks buddy...I had just gotten out of the red before you did this.
Harris
Footballguy
I put in a sell order for what I had in this mutual fund that was transferred over to my name. It's gone down 50% in the last year 
while it was locked in as an educational fund, so I want to get out 
With forward pricing though it won't go through until the day closes. Hopefully tomorrow morning some of these prices are favorable for a buy.
I've been researching about what you guys are thinking with the dry shippers and it sounds pretty good, especially after following all of this lately. So my Fidelity account will have free funds by the end of the day.
while it was locked in as an educational fund, so I want to get out With forward pricing though it won't go through until the day closes. Hopefully tomorrow morning some of these prices are favorable for a buy.I've been researching about what you guys are thinking with the dry shippers and it sounds pretty good, especially after following all of this lately. So my Fidelity account will have free funds by the end of the day.
FavreCo
Footballguy
bigfishboy
Footballguy
Good luck!I don't have what it takes to play FAZ. But I do have a conspiracy theory.
Buy the rumor sell the news. The insiders knew the stress test results were not going to be as bad as people thought and have been buying the last few days and as some infomation has been leaked the major players have added to the surge. Look for all of them to take profits by selling to the average Joe when the official news is released tomorrow. :/tinfoilhat: We'll see tomorrow.I think FAZ is the right choice through tomorrow. But you won't catch me jumping on it.
David Dodds
Administrator
Yes it's because I think OCNF is run by crooked people so I am a little worried I am going to be the punchline in these purchases. I really do not like this company. But the price is outstanding and I think it will move up from here so we will see. I love Paragon's management and even though there has also been dilution, I am confident if they have money in their hands they will use it wisely (adding ships, etc). OCNF seems like a big pyramid scheme to always sell more shares when times to get tough. I will wait until OCNF really craters if I add more shares. Not too upside down at 1.63 here. I suspect this will still bounce to 1.70 and I can make $1,000 or so.
David Dodds
Administrator
Year to Date Profit = $55,995
Today's Realized Gains/Losses = 0
Unrealized Gains/Losses:
Holding 25,000 PRGN at 3.63 (Got as high as 4.98, but closed at 4.55)
Holding 15,000 OCNF at 1.63 (Closed at 1.59)
Today's Realized Gains/Losses = 0
Unrealized Gains/Losses:
Holding 25,000 PRGN at 3.63 (Got as high as 4.98, but closed at 4.55)
Holding 15,000 OCNF at 1.63 (Closed at 1.59)
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NYG Endzone
Footballguy
You should use this (it will sync to your brokerages automatically), you can create a network of investors (ie FBG), and it tracks your actual rate of return auto-magically.https://www.cakefinancial.com/welcome/get-started
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analog_hiss
Footballguy
Since April 1, OCNF has offered up nearly 24 million new shares...from reports I see, 12 million the last two days. OCNF is DRYS red headed step brother, as both companies are managed by Cardiff. OCNF racked up some debt and Cardiff seems to want it off the books...I don't think the debt is due till 2011.Either way, the new shares and probably some selling by OCNF and YA Global have completely diluted the value here. Hope the washout ends soon, but I got in @ 1.33 and have a limit set @ 1.43.Here's hoping we don't see that as OCNF is advancing slightly in AH.
David Dodds
Administrator
It's already way above 1.43?
analog_hiss
Footballguy
Sorry, stop loss set at 1.43...trying to cook and watch the MB at same time.
David Dodds
Administrator
If Paragon gets to 4.75 or above, I am going to start selling here. I still think it's going higher, but a weird dynamic is in play here.
Namely, if I bank the profit I will feel GREAT and secure a huge win. But like what happened today, if this thing slides lower and I don't sell then it hurts a ton (even though I still have a BIG paper gain). If the stock has early momentum, I will see what makes sense.
If the stock slides lower then I am waiting for the earnings. I really do think fair value is at least 4.70 so will chance things before selling at 4.5.
Now if OCNF can just get going here (I see it's at 1.70 in after-hours trading. Please stick...). I am going right now and enter a sell for my 15,000 shares at 1.68 just in case it can trigger at the opening.
Namely, if I bank the profit I will feel GREAT and secure a huge win. But like what happened today, if this thing slides lower and I don't sell then it hurts a ton (even though I still have a BIG paper gain). If the stock has early momentum, I will see what makes sense.
If the stock slides lower then I am waiting for the earnings. I really do think fair value is at least 4.70 so will chance things before selling at 4.5.
Now if OCNF can just get going here (I see it's at 1.70 in after-hours trading. Please stick...). I am going right now and enter a sell for my 15,000 shares at 1.68 just in case it can trigger at the opening.
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