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My Stock Value Strategy Starts Now (4 Viewers)
- Thread starter David Dodds
- Start date
David Dodds
Administrator
David Dodds
Administrator
Bought 5,000 FEED at various prices (market order). Average cost = 3.92
analog_hiss
Footballguy
and just like that, it bounces back...
David Dodds
Administrator
This is the SHADY part of this deal:
The transaction will include warrants to purchase an additional 1,164,822 shares of common stock at an exercise price of $4.50 per share. The warrants will be exercisable immediately upon the closing of the transaction, and have a term of five years.
This artificially holds the company down a bit in my eyes. But the fact that the original shares were sold at 4.30 makes buying under 4.00 a no-brainer for the short term. I will sell at 4.25 (probably very soon)
The transaction will include warrants to purchase an additional 1,164,822 shares of common stock at an exercise price of $4.50 per share. The warrants will be exercisable immediately upon the closing of the transaction, and have a term of five years.
This artificially holds the company down a bit in my eyes. But the fact that the original shares were sold at 4.30 makes buying under 4.00 a no-brainer for the short term. I will sell at 4.25 (probably very soon)
Harris
Footballguy
well this was a good idea.....i'm stickin with it for at least through monday
Mose
Footballguy
The day is early still.
The Z Machine
Footballguy
Added another 240 PRGN at 4.52. That takes me to 640 shares at an average cost of $3.79. If this thing gets back to $5.00, I'm selling all but 200 shares.
NYG Endzone
Footballguy
Acting like it's FAZ. $4.06 and plummetting.
Jene Bramel
Footballguy
-.95/share in less than an hour.
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None_More_Black
Footballguy
added 1000 PRGN at 4.16. Day trade only for me.
David Dodds
Administrator
Added 10,000 PRGN at 4.10...Like taking candy from a baby here
Harris
Footballguy
any reasons for teh free fall?
David Dodds
Administrator
Regarding PRGN, I think the company is realizing that maybe if they delay earnings a bit they can force a lot more of the dilution through. I think that is what we are seeing here. I will be shocked to see this stock stay low here. I don't see a lot of downside at 4.10 either way and am glad I have a seat for the earnings release now.
David Dodds
Administrator
I am a glutton for punishment I guess. Added 5,000 OCNF at 1.46. Their ships alone seem like they are worth more than this. I know this is some kind of ponzi scheme. Hopefully though I can do a driveby and get in and out quickly for a gain.
when is earnings release?
David Dodds
Administrator
I would list these as big factors:- Whole market is down- TBSI's horrible earnings report- DSX's crazy decison to dilute their stock- Dry Shippers have led most sectors all week- PRGNs crazy run up the last few days
David Dodds
Administrator
Some sources are saying Monday, but they have not officially announced when the conference call would be, etc. My guess is that it will be delayed.
Harris
Footballguy
Bought 250 more of PGRN at $4.10
i'm in for 5k shares at 4.63, plus i bought december call options at $5 strike price for 1.15 a contract (they are going for .90 a contract now).
the short term downswing sucks, but i'm in this until at least until end of this year...barring something bizarre that would make me get out earlier.
the short term downswing sucks, but i'm in this until at least until end of this year...barring something bizarre that would make me get out earlier.
David Dodds
Administrator
Updating this based on my purchases. NASDAQ heading lower so I think I am done buying today. I will check in near the close to see if adding shares makes any sense. Loving that I got a lot of my Paragon back at a huge discount. Lots of site work to do today.
Year to Date Profit = $88,491
Today's Realized Gains/Losses = 32,496
PRGN = $31,170
OCNF = 1,326
Unrealized Gains/Losses:
10,000 PRGN @ 4.10
5,000 OCNF @ 1.46
5,000 FEED @ 3.92
Year to Date Profit = $88,491
Today's Realized Gains/Losses = 32,496
PRGN = $31,170
OCNF = 1,326
Unrealized Gains/Losses:
10,000 PRGN @ 4.10
5,000 OCNF @ 1.46
5,000 FEED @ 3.92
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None_More_Black
Footballguy
First trade and you already have nerves of steel.
Revo
Footballguy
interesting thread, I've been lurking on it for a few weeks. As a financial professional/CFP candidate, it sure seems like Dodds puts in his homework and has been extremely successful, but some comments here made me wince. But who am I to throw ice water on anyone's fun, lol?
PRGN was a good play, but all the technicals indicated a it was a big sell after yesterday's run-up -- it fell outside of the Bollingers, the MACD indicated sell, the RSI showed it was overbought -- which is why I believe there was a huge sell-off. Back in the $4.10 range, it's back to being a good trading option. The volume is moving significantly upward, so the spread is getting thinner as well.
PRGN was a good play, but all the technicals indicated a it was a big sell after yesterday's run-up -- it fell outside of the Bollingers, the MACD indicated sell, the RSI showed it was overbought -- which is why I believe there was a huge sell-off. Back in the $4.10 range, it's back to being a good trading option. The volume is moving significantly upward, so the spread is getting thinner as well.
burritobrother
Footballguy
From what I've read, I like FEED as an investment and wouldn't really sweat it hour to hour.
None_More_Black
Footballguy
I'm not sure Dodd's is a big technical guy but he dumped most of his shares near the top and made money from yesterday's close.
Otis
Footballguy
This is the kind of information that's helpful beforehand.
Harris
Footballguy
Agreed.This is the kind of information that's helpful beforehand.
Mose
Footballguy
You need to post more often in this thread please.
Mose
Footballguy
First trade and you already have nerves of steel.
David Dodds
Administrator
and Paragon is back in play. Hopefully are already onboard as this thing is starting to recover. I am hoping for 4.50 today.
Mose
Footballguy
My gut says we get back in the $4.80's today somehow. The entire market had a very easy oportunity to tank horribly, but it seems to have bottomed out. I think the damage is done and everything will reverse after lunch.
None_More_Black
Footballguy
ULTR on fire today.
Harris
Footballguy
if i didn't i wouldnt be trading in the first place. can't make money if you are going to be a ##### about itFirst trade and you already have nerves of steel.
Not sure if this is good, but half of my stack is in PRGN
04/30/2009 300.0000 $3.28 $1,365.00 $983.00 $382.00 38.86%
04/30/2009 700.0000 $3.25 $3,185.00 $2,273.60 $911.40 40.09%
04/30/2009 1,000.0000 $3.27 $4,550.00 $3,266.00 $1,284.00 39.31%
Plus 1500 @4.14 and 1000 @4.46
04/30/2009 300.0000 $3.28 $1,365.00 $983.00 $382.00 38.86%
04/30/2009 700.0000 $3.25 $3,185.00 $2,273.60 $911.40 40.09%
04/30/2009 1,000.0000 $3.27 $4,550.00 $3,266.00 $1,284.00 39.31%
Plus 1500 @4.14 and 1000 @4.46
James Daulton
Footballguy
Another question, is there anything wrong with buying and holding PRGN, FEED, FREE long term? I know you may not maximize as much as day trading, but are these all solid companies built to last?
The Z Machine
Footballguy
No offense, but I put little "stock" in CFPs. They made a whole lot of people insolvent during this crisis.
Instead, I wish there was a David Dodds hedge fund.
ETA: What DD is doing is pretty much gambling ("smart" gambling, but gambling nonetheless. This is a different animal than investing.
Instead, I wish there was a David Dodds hedge fund.
ETA: What DD is doing is pretty much gambling ("smart" gambling, but gambling nonetheless. This is a different animal than investing.
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bishop92
Footballguy
Added 1200 more PRGN at $4.08 (partial fill) for a total of 6500 shares with an average price around $3.65 now. 2500 of these are probably committed to September call contracts @ $5.00, unless I buy them back.
To be fair to Revo, Otis pointed out that the RSI was signaling overbought yesterday.
To be fair to Revo, Otis pointed out that the RSI was signaling overbought yesterday.
Mose
Footballguy
I would think so. What I see is that they are tied to the world economy. The more stuff being built and the more materials needed, the more people are going to need ships. So if you believe that the recession is ending, then I would think they are secure holdings.just my opinion of course.
Revo
Footballguy
Not sure what CFPs had to do with the credit crisis or general state of the economy, but CFPs take an oath to protect their clients at all costs. But your opinion is your opinion, and I'm certainly not here to argue with anyone. But realize it's 2 years of graduate level financial studies (and it's a 2-day test w/55% pass rate!), so it's not like the measly broker/investment adviser exams (which I also have). But I do agree that daytrading is far more gambling than investing, that's for sure. I would be happy to add any insight and/or securities that make sense for this thread.
David Dodds
Administrator
My spin on these three
RGN is one of the best run Dry Shippers. These companies have been way oversold. I think this is an excellent asset to hold longterm.FEED is an interesting play. They are a feed producer who bought hogs and who now is involved in trying to bio-engineer bigger hogs. Personally I like this approach and could see them making huge noise longterm. But with that said, it still feels like most of the real value has already happened on this stock (It hovered near $1 a few months ago). FREE is actually a low rung on the Dry Shipping companies. They have older ships and the smaller sized ships. They had a great earnings report and have been pushed higher as the sector moves higher. They have a low market cap so they could go higher, but I think as a long term investment I would choose other Shippers (PRGN, EXM, SBLK and NM are better long-term plays in my opinion).
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Otis
Footballguy
I know I said that yesterday, but I thought Revo's first post was today.
The Z Machine
Footballguy
I'm not saying that CFPs are shady, just that some (maybe not you) have proven themselves to be less than competent. My mother was about -45% in Q3 and Q4 2008 due to advice from her financial planner. That was a paper loss of over $200k out of her 401k/retirement savings. She's 62 years old, so there's not much time to make that back. There are people in FAR worse straights than my mother, and while not all used CFPs, a bunch did. Furthermore, some of the account maintenance charges are ridiculous.I want you to answer honestly. What was your annual yield for your clients in 2008? How does that compare with the SP500?
Random
Footballguy
The ONLY thing holding me back right now is I think a lot are expecting a BIG market correction to the downside. I don't want to be long on anything except gld and slv when this happens. Of course I've been expecting this for awhile and its not really based on anything so take my comment with a grain of salt.
