My Stock Value Strategy Starts Now (3 Viewers)

[KGB]

Currently holding...

200 VNDA from 10.40 currently 12.96

3000 ACLS .43. Currently .38

Was down to about $1900 from my initial deposit of 2500. Back to 2200 or so acount value.

Fyi. Someone seems to be trying to buy out or gather a lot of stock slowly from VNDA. Every day the last hour it just climbs. Went up about 10 percent in the last hour today alone. I'm targeting 15 minimum with potential of 20 depending on if they get bought and for how much.

 

[David Dodds]

Load up on both OCNF and PRGN with the hope that one of two has impressive earnings Tuesday?

I'm just hoping Tuesday is my day of getting back to even on these bad boys. Gonna be a big day for sure.

This is where I am at. I think both of these are very good buys at these levels, but I am just unwilling to commit more dollars to this thing. If the earnings reports are horrible, I am not sure what my position will be with these stocks after earnings. I am taking an awful bath in both if I should opt to sell.

 

[BassNBrew]

Load up on both OCNF and PRGN with the hope that one of two has impressive earnings Tuesday?

If the earnings were going to be impressive, they wouldn't have tanked like this. Word has gotten out. I expect disappointing earnings with minimal impact on the price.

 

[None_More_Black]

Load up on both OCNF and PRGN with the hope that one of two has impressive earnings Tuesday?

If the earnings were going to be impressive, they wouldn't have tanked like this. Word has gotten out. I expect disappointing earnings with minimal impact on the price.

I don't think anyone knows. High beta Nasdaq stocks got beaten up the last few days. I think it really is just a case of market risk.(and DRYS for the sector)

 

[Otis]

Load up on both OCNF and PRGN with the hope that one of two has impressive earnings Tuesday?

If the earnings were going to be impressive, they wouldn't have tanked like this. Word has gotten out. I expect disappointing earnings with minimal impact on the price.

The whole market has tanked. This is the beginning of a slide. Don't go against the grain.

 

[David Dodds]

Reaffirming my position here with both OCNF and PRGN:

Companies like DRYS and DSX now have boatloads of cash. They are looking at adding ships and getting more of this market in my opinion. DSX is particularly curious because they did not need to raise money. DRYS was already in bed with OCNF so I think they have intended to purchase OCNF since YA Global came on andstarted buying stock (2/2 timeframe).

So even more important than earnings I think PRGN, OCNF and SBLK have solid companies, new ships, very low P/E ratios plus huge book value to market cap. Everyone of these companies could be in play here. Personally I think the two I have are definitely in play and we should soon see this play out.

I suspect that DRYS get OCNF and maybe in a counter deal PRGN goes to DSX. Neither of these companies can get nearly the same size fleet as fast by buying new ships. And a ton of ships will be going offline soon (within the next few years). Because of the economy, many ship orders for 2009 and 2010 were cancelled. Add in JP Morgan wanting in and this sectors P/Es of the bigger companies nearing 5 (as opposed to the under 2 PEs by these companies) and I think these takeovers are pretty likely bets.

I hate that both of these stocks has dropped a bit here, but I remain very optimistic that both are still solidly in play and relevent in this sector.

 

[None_More_Black]

Reaffirming my position here with both OCNF and PRGN:Companies like DRYS and DSX now have boatloads of cash. They are looking at adding ships and getting more of this market in my opinion. DSX is particularly curious because they did not need to raise money. DRYS was already in bed with OCNF so I think they have intended to purchase OCNF since YA Global came on andstarted buying stock (2/2 timeframe).So even more important than earnings I think PRGN, OCNF and SBLK have solid companies, new ships, very low P/E ratios plus huge book value to market cap. Everyone of these companies could be in play here. Personally I think the two I have are definitely in play and we should soon see this play out. I suspect that DRYS get OCNF and maybe in a counter deal PRGN goes to DSX. Neither of these companies can get nearly the same size fleet as fast by buying new ships. And a ton of ships will be going offline soon (within the next few years). Because of the economy, many ship orders for 2009 and 2010 were cancelled. Add in JP Morgan wanting in and this sectors P/Es of the bigger companies nearing 5 (as opposed to the under 2 PEs by these companies) and I think these takeovers are pretty likely bets.I hate that both of these stocks has dropped a bit here, but I remain very optimistic that both are still solidly in play and relevent in this sector.

I agree this is a possibility David. We saw Alpha Resources(coal company) buy a competitor in an all stock deal yesterday and I think we see more deals going forward in the beaten down cyclical sectors. That will get some stocks moving if there is more m&a activity.

 

[Otis]

Reaffirming my position here with both OCNF and PRGN:Companies like DRYS and DSX now have boatloads of cash. They are looking at adding ships and getting more of this market in my opinion. DSX is particularly curious because they did not need to raise money. DRYS was already in bed with OCNF so I think they have intended to purchase OCNF since YA Global came on andstarted buying stock (2/2 timeframe).So even more important than earnings I think PRGN, OCNF and SBLK have solid companies, new ships, very low P/E ratios plus huge book value to market cap. Everyone of these companies could be in play here. Personally I think the two I have are definitely in play and we should soon see this play out. I suspect that DRYS get OCNF and maybe in a counter deal PRGN goes to DSX. Neither of these companies can get nearly the same size fleet as fast by buying new ships. And a ton of ships will be going offline soon (within the next few years). Because of the economy, many ship orders for 2009 and 2010 were cancelled. Add in JP Morgan wanting in and this sectors P/Es of the bigger companies nearing 5 (as opposed to the under 2 PEs by these companies) and I think these takeovers are pretty likely bets.I hate that both of these stocks has dropped a bit here, but I remain very optimistic that both are still solidly in play and relevent in this sector.

Are you concerned about the effect if the overall market slides 10%?

 

[David Dodds]

Are you concerned about the effect if the overall market slides 10%?

Not really. It holds down the Dry Shippers as they will rebound the most from a recovery, but at P/Es below 2, how much lower can they really go? At these current low prices, DSX and DRYS has to consider acquiring some companies. Nothing else makes any sense here. Why raise money and then not put it to good use? I think we will see a general market correction as well (might have already happened), but I think good earnings and/or in play from the sector will trump all of that news.

 

[St. Louis Bob]

Of course I'm in a holding pattern with 5400 DXO $2.98

Nice. Probably headed higher too. I do think oil will stall much above $60/barrel though unless a major conflict hurts supply.

Thanks DD.Everything was going great today until "weak retail sales, foreclosure jump" killed me. Shoot the lock off your wallets and pay your bills you bunch of cheap bastards.

 

[David Dodds]

Lost in the market correction today was a surge in the BDI.

Baltic Supramax 1,675 (+2.20%)

Baltic Handysize 791 (+2.46%)

Baltic Dry 2,332 (+3.51%)

Baltic Capesize 3,129 (+4.72%)

Baltic Panamax 2,226 (+3.15%)

 

[BassNBrew]

Reaffirming my position here with both OCNF and PRGN:Companies like DRYS and DSX now have boatloads of cash. They are looking at adding ships and getting more of this market in my opinion. DSX is particularly curious because they did not need to raise money. DRYS was already in bed with OCNF so I think they have intended to purchase OCNF since YA Global came on andstarted buying stock (2/2 timeframe).So even more important than earnings I think PRGN, OCNF and SBLK have solid companies, new ships, very low P/E ratios plus huge book value to market cap. Everyone of these companies could be in play here. Personally I think the two I have are definitely in play and we should soon see this play out. I suspect that DRYS get OCNF and maybe in a counter deal PRGN goes to DSX. Neither of these companies can get nearly the same size fleet as fast by buying new ships. And a ton of ships will be going offline soon (within the next few years). Because of the economy, many ship orders for 2009 and 2010 were cancelled. Add in JP Morgan wanting in and this sectors P/Es of the bigger companies nearing 5 (as opposed to the under 2 PEs by these companies) and I think these takeovers are pretty likely bets.I hate that both of these stocks has dropped a bit here, but I remain very optimistic that both are still solidly in play and relevent in this sector.

Are you concerned about the effect if the overall market slides 10%?

OCNF and PRGN have lost 30%+ already. At some point you buy the company for the cash on hand and the value of the ships.

 

[FavreCo]

Currently holding...200 VNDA from 10.40 currently 12.963000 ACLS .43. Currently .38Was down to about $1900 from my initial deposit of 2500. Back to 2200 or so acount value. Fyi. Someone seems to be trying to buy out or gather a lot of stock slowly from VNDA. Every day the last hour it just climbs. Went up about 10 percent in the last hour today alone. I'm targeting 15 minimum with potential of 20 depending on if they get bought and for how much.

Be careful with VNDA. Those things can wipe you out. All it takes is the FDA to reverse a decision and it collapses back to one. Don't see that happening but those drug stocks are the biggest lotto ticket in the markets. It could very well be momentum traders in it and when they decide to move on, look out.

 

[moderated]

finished up my averaging down and am now in for 38k shares of PRGN at average cost of 3.69.will sell at $4 just to get out of this sinking ship.

Oooops.i really hope this company doesn't dilute the shares anymore. Getting to $4 just doesn't seem very likely anytime soon, but i won't panic until it hits $2.50, which could be in a week with poor earnings.

 

[Harris]

Unless results are bad, than Harris is leaping out a window.

 

[Harris]

Have an order in for some CTIC if it goes down to $1.20, and will sell if it drops to $1.10. Otherwise I'm aboard that train for the ride if we get to $1.20

 

[The Ref]

Reaffirming my position here with both OCNF and PRGN:

Companies like DRYS and DSX now have boatloads of cash. They are looking at adding ships and getting more of this market in my opinion. DSX is particularly curious because they did not need to raise money. DRYS was already in bed with OCNF so I think they have intended to purchase OCNF since YA Global came on andstarted buying stock (2/2 timeframe).

So even more important than earnings I think PRGN, OCNF and SBLK have solid companies, new ships, very low P/E ratios plus huge book value to market cap. Everyone of these companies could be in play here. Personally I think the two I have are definitely in play and we should soon see this play out.

I suspect that DRYS get OCNF and maybe in a counter deal PRGN goes to DSX. Neither of these companies can get nearly the same size fleet as fast by buying new ships. And a ton of ships will be going offline soon (within the next few years). Because of the economy, many ship orders for 2009 and 2010 were cancelled. Add in JP Morgan wanting in and this sectors P/Es of the bigger companies nearing 5 (as opposed to the under 2 PEs by these companies) and I think these takeovers are pretty likely bets.

I hate that both of these stocks has dropped a bit here, but I remain very optimistic that both are still solidly in play and relevent in this sector.

Are you concerned about the effect if the overall market slides 10%?

OCNF and PRGN have lost 30%+ already. At some point you buy the company for the cash on hand and the value of the ships.

Seriously, lets call KKR and get a leveraged buy out going.

 

[None_More_Black]

Reaffirming my position here with both OCNF and PRGN:

Companies like DRYS and DSX now have boatloads of cash. They are looking at adding ships and getting more of this market in my opinion. DSX is particularly curious because they did not need to raise money. DRYS was already in bed with OCNF so I think they have intended to purchase OCNF since YA Global came on andstarted buying stock (2/2 timeframe).

So even more important than earnings I think PRGN, OCNF and SBLK have solid companies, new ships, very low P/E ratios plus huge book value to market cap. Everyone of these companies could be in play here. Personally I think the two I have are definitely in play and we should soon see this play out.

I suspect that DRYS get OCNF and maybe in a counter deal PRGN goes to DSX. Neither of these companies can get nearly the same size fleet as fast by buying new ships. And a ton of ships will be going offline soon (within the next few years). Because of the economy, many ship orders for 2009 and 2010 were cancelled. Add in JP Morgan wanting in and this sectors P/Es of the bigger companies nearing 5 (as opposed to the under 2 PEs by these companies) and I think these takeovers are pretty likely bets.

I hate that both of these stocks has dropped a bit here, but I remain very optimistic that both are still solidly in play and relevent in this sector.

Are you concerned about the effect if the overall market slides 10%?

OCNF and PRGN have lost 30%+ already. At some point you buy the company for the cash on hand and the value of the ships.

Seriously, lets call KKR and get a leveraged buy out going.

Even if you value the ships at 50% book it still makes sense for the shippers with low debt.

 

[The Ref]

Reaffirming my position here with both OCNF and PRGN:

Companies like DRYS and DSX now have boatloads of cash. They are looking at adding ships and getting more of this market in my opinion. DSX is particularly curious because they did not need to raise money. DRYS was already in bed with OCNF so I think they have intended to purchase OCNF since YA Global came on andstarted buying stock (2/2 timeframe).

So even more important than earnings I think PRGN, OCNF and SBLK have solid companies, new ships, very low P/E ratios plus huge book value to market cap. Everyone of these companies could be in play here. Personally I think the two I have are definitely in play and we should soon see this play out.

I suspect that DRYS get OCNF and maybe in a counter deal PRGN goes to DSX. Neither of these companies can get nearly the same size fleet as fast by buying new ships. And a ton of ships will be going offline soon (within the next few years). Because of the economy, many ship orders for 2009 and 2010 were cancelled. Add in JP Morgan wanting in and this sectors P/Es of the bigger companies nearing 5 (as opposed to the under 2 PEs by these companies) and I think these takeovers are pretty likely bets.

I hate that both of these stocks has dropped a bit here, but I remain very optimistic that both are still solidly in play and relevent in this sector.

Are you concerned about the effect if the overall market slides 10%?

OCNF and PRGN have lost 30%+ already. At some point you buy the company for the cash on hand and the value of the ships.

Seriously, lets call KKR and get a leveraged buy out going.

Even if you value the ships at 50% book it still makes sense for the shippers with low debt.

What dont we know?

 

[Random]

No I don't need the money to live on, but I am starting to feel like I got into this right at the end of a big upswing and now as many of you say, it could turn downward. I'm going to stick it out for a while, but a reason I would want to sell some and cut my losses would be to diversify some more also as I am mostly only in OCNF and PRGN.

I'm only in those 2 right now, but I'm not worried. I'll hold them for a month if need be. Bring on the earnings of each!

These are the only two stocks I am on right now (and upside down in both). I am not worried at all. I think we will see a run up just when they announce what day earnings will be.

In for 1500 OCNF @ 1.47. Only looking for 1.67 on this as I'm very nervous holding anything right now.

And 1000 PRGN @ 3.46

 

[BassNBrew]

Just bought 200 DUK @ $13.86. Just a place to park some money for now.

 

[David Dodds]

I am a glutton for punishment it seems. I just bought another 20,000 shares of OCNF at 1.32. Now sitting on 60K shares at an average cost of just over $1.44 each.

and loving the BDI:

Baltic Supramax 1,711 (+2.15%)

Baltic Handysize 802 (+1.39%)

Baltic Dry 2,432 (+4.29%)

Baltic Capesize 3,282 (+4.89%)

Baltic Panamax 2,362 (+6.11%)

 

[KGB]

Currently holding...200 VNDA from 10.40 currently 12.963000 ACLS .43. Currently .38Was down to about $1900 from my initial deposit of 2500. Back to 2200 or so acount value. Fyi. Someone seems to be trying to buy out or gather a lot of stock slowly from VNDA. Every day the last hour it just climbs. Went up about 10 percent in the last hour today alone. I'm targeting 15 minimum with potential of 20 depending on if they get bought and for how much.

Be careful with VNDA. Those things can wipe you out. All it takes is the FDA to reverse a decision and it collapses back to one. Don't see that happening but those drug stocks are the biggest lotto ticket in the markets. It could very well be momentum traders in it and when they decide to move on, look out.

Yea. Its a little scary buying something that already just went up 1000 percent, but if they can get bought or partner up. I see another 50 to 100 percent gain. Ill put a stop loss on today though. Good advise.

 

[None_More_Black]

Just bought 200 DUK @ $13.86. Just a place to park some money for now.

Now that's a mover. Probably a good place to be.

 

[ODoyleRules]

Reaffirming my position here with both OCNF and PRGN:

Companies like DRYS and DSX now have boatloads of cash. They are looking at adding ships and getting more of this market in my opinion. DSX is particularly curious because they did not need to raise money. DRYS was already in bed with OCNF so I think they have intended to purchase OCNF since YA Global came on andstarted buying stock (2/2 timeframe).

So even more important than earnings I think PRGN, OCNF and SBLK have solid companies, new ships, very low P/E ratios plus huge book value to market cap. Everyone of these companies could be in play here. Personally I think the two I have are definitely in play and we should soon see this play out.

I suspect that DRYS get OCNF and maybe in a counter deal PRGN goes to DSX. Neither of these companies can get nearly the same size fleet as fast by buying new ships. And a ton of ships will be going offline soon (within the next few years). Because of the economy, many ship orders for 2009 and 2010 were cancelled. Add in JP Morgan wanting in and this sectors P/Es of the bigger companies nearing 5 (as opposed to the under 2 PEs by these companies) and I think these takeovers are pretty likely bets.

I hate that both of these stocks has dropped a bit here, but I remain very optimistic that both are still solidly in play and relevent in this sector.

Are you concerned about the effect if the overall market slides 10%?

OCNF and PRGN have lost 30%+ already. At some point you buy the company for the cash on hand and the value of the ships.

Seriously, lets call KKR and get a leveraged buy out going.

Even if you value the ships at 50% book it still makes sense for the shippers with low debt.

out of curiousity, I looked at the cash/debt situation of these cosSX

Cash: 104MM

Debt: 238MM

M Cap: 1,146MM

DRYS

Cash: 215MM

Debt: 2,850MM

M Cap: 1,075MM

OCNF

Cash: 23MM

Debt: 324MM

M Cap: 25MM

From this source (Reuters), it doesn't appear that DSX or DRYS has the cash to buy OCNF, nor does it appear that OCNF is in a high cash/low debt situation. If one wanted to buy OCNF, they'd need to come up with roughly $325MM to cover the market cap and swallow 324MM in debt.

 

[None_More_Black]

I don't know if DSX is planning on buying anyone but they just raised cash with a equity offering. If DSX were to buy a company they would use stock as well. They would not just pay cash.

 

[Buckna]

Just bought 200 DUK @ $13.86. Just a place to park some money for now.

Now that's a mover. Probably a good place to be.

Ex-Dividend Date is close of business May 18th. Think I will pick up some shares as well.

 

[None_More_Black]

Just bought 200 DUK @ $13.86. Just a place to park some money for now.

Now that's a mover. Probably a good place to be.

Ex-Dividend Date is close of business May 18th. Think I will pick up some shares as well.

I think it might be today.

 

[NYG Endzone]

Just bought 200 DUK @ $13.86. Just a place to park some money for now.

Now that's a mover. Probably a good place to be.

Ex-Dividend Date is close of business May 18th. Think I will pick up some shares as well.

Too late, it appears that DUK's Ex-Div is today.http://finance.yahoo.com/q/ks?s=DUK

http://dividendinvestor.com/?symbol=duk&submit=GO

 

[Random]

OCNF and PRGN on the move.

 

[Buckna]

Just bought 200 DUK @ $13.86. Just a place to park some money for now.

Now that's a mover. Probably a good place to be.

Ex-Dividend Date is close of business May 18th. Think I will pick up some shares as well.

Too late, it appears that DUK's Ex-Div is today.http://finance.yahoo.com/q/ks?s=DUK

http://dividendinvestor.com/?symbol=duk&submit=GO

Dang, I always forget the T+3 settlement. The "Record Date" is Monday. Oh well.

 

[moderated]

Paragon blowing UP!!!

3.45 +0.04 (1.17%)

Pretty much the only time this stock has been in the green since i bought it. Celebration time....until later in the day when it tanks like usual.

 

[Random]

Paragon blowing UP!!!

3.45 +0.04 (1.17%)

Pretty much the only time this stock has been in the green since i bought it. Celebration time....until later in the day when it tanks like usual.

Dude, good Karma only please.

 

[moderated]

Paragon blowing UP!!!

3.45 +0.04 (1.17%)

Pretty much the only time this stock has been in the green since i bought it. Celebration time....until later in the day when it tanks like usual.

Dude, good Karma only please.

OMG, it's Blooowiiiing UP. Good Karma initiated.3.51 +0.10 (2.93%)

 

[St. Louis Bob]

Of course I'm in a holding pattern with 5400 DXO $2.98

Out at $3.40 +$2210.95YTD +$10,052.47

 

[#@%&$!?]

Got out of EXM at 8.60 for about 30% return in a month. I'm uncertain about where we are in this correction... can't go wrong with some profit taking.

Anyone tracking USU? They've been trading between $4 & $6 for a while, had a recent runup but then got hammered after missing earnings + how long its taking the DOE to consider USU's 2B loan application. Purely speculative. Any positive news of the 2B DOE loan they applied for would cause a nice pop.

 

[moderated]

As long as it keeps going up i now have to post updates as it seems to be good karma.

Paragon to the ROOF!!!!

3.58 +0.17 (4.99%)

 

[David Dodds]

Nice movement today for the Dry Shippers

Diana Shipping Inc. DSX +0.57 (4.03%)

Paragon Shipping Inc. PRGN +0.15 (4.40%)

FreeSeas Inc. FREE +0.08 (5.15%)

Navios Maritime Holdings Inc. NM +0.17 (4.47%)

Euroseas Ltd. ESEA 0.00 (0.00%)

Excel Maritime Carriers Ltd EXM +0.57 (6.94%)

Star Bulk Carriers Corp. SBLK +0.39 (12.66%)

DryShips Inc. DRYS +0.14 (2.27%)

Genco Shipping & Trading Limited GNK +0.65 (3.81%)

Eagle Bulk Shipping Inc. EGLE +0.35 (5.67%)

TBS International Limited TBSI +0.87 (10.90%)

OceanFreight Inc. OCNF +0.10 (7.29%)

Safe Bulkers, Inc. SB +0.82 (16.73%)

 

[Otis]

Dodds making a KILLING on this OCNF right now.

 

[BassNBrew]

18.54M OCNF shares outstanding

Almost 5m have traded today

Am I missing something here or is it common for this many shares relative to the total to move around.

 

[McBokonon]

Got out of EXM at 8.60 for about 30% return in a month. I'm uncertain about where we are in this correction... can't go wrong with some profit taking. Anyone tracking USU? They've been trading between $4 & $6 for a while, had a recent runup but then got hammered after missing earnings + how long its taking the DOE to consider USU's 2B loan application. Purely speculative. Any positive news of the 2B DOE loan they applied for would cause a nice pop.

I've been following them seemingly forever. I think if you do a search for USEC you'll see some posts here. I'll get back in eventually. I like their future potential.

 

[David Dodds]

18.54M OCNF shares outstandingAlmost 5m have traded todayAm I missing something here or is it common for this many shares relative to the total to move around.

It made sense when they were diluting, but now that they aren't I really don't get it. A lot of people are betting against this company which makes zero sense to me (follow the money. YA Global is in for $1.53 and bought 12 Million shares at $1.78 about a week ago).I am officially in the green with this stock as I own 60,000 at 1.44, but I expect this to go way higher. My target is 10% above YA Global's price which would put this around $1.68. But even that might be too conservative if they are in play.

 

[moderated]

As much as i try to stay positive it seems that the picture below best describes Paragons future.

Paragons future

Still in the green for the day but sinking fast.

 

[The Ref]

17 User(s) are reading this topic (3 Guests and 1 Anonymous Users)

13 Members: moderated, The Ref, siffoin, Penguin, Cromedog, stubby, bd3521, Random, David Dodds, iowa clubbers, needanap, playin4beer, DALYLA77

 

[moderated]

Paragon had its biggest gain of the past week. Time to celebrate.

3.45 +0.04 (1.17%)

I guess better up 4 cents then the usual down 30 - 50 cents.

 

[Buckna]

Trying something out since I'm still learning here.Bought 1,000 EXM at 4.08. Sold 10 June calls with a strike of $5 for $0.834 after comission. Puts my cost basis at $3.246 protecting me from a 20% downside from today's price. If they end up in the money in June, I make 54% in 3 months. We'll see how it goes.

You have to be LOVING THIS right about now.It is at 5.70 in the Pre-Market right now

It's a nice win. I'm trying to figure out what to do now. Still a lot of time on these calls left, moved too quickly, too soon as the time premium hasn't really degraded yet. But for now, I'm smiling for today.

Alrighty, the time value premium on these calls finally eroded away (likely because the May options expire tomorrow) so I bought back the calls (which had increased exponentially in value since I sold them as the stock has doubled) and sold the underlying stock. I could have just let the options expire a month from now, but I would rather have my money now to put to work somewhere else. Here's the math:($4,079.58) - purchase of 1,000 shares of EXM @ $4.08$834.03 - sold 10 June calls with a strike of $5 for $0.834 a piece($4,015.96) - bought back 10 June calls for $4.01596 a piece$9,019.76 - sale of 1,000 shares of EXM @ $9.02$1,758.25 net profitA very nice gain but illustrates the problem with selling covered calls for income. The stock doubled in that time and I missed out on any further gains above my strike price. Obviously I never expected the stock to double, would have been happy with a modest advance. Also, considering the day trading nature I've taken on following this thread, I think it's safe to say I never would have held the 1,000 shares this long, I likely would have sold back on April 2nd, if not earlier.

 

[St. Louis Bob]

Oil rises depite dismal demand

:headexplode:

 

[David Dodds]

At the risk of coming across as arrogant, I am going to stop posting in this thread. I started this thread because I wanted to hold myself accountable to my trades. I knew some of my decisions on stocks, timing, etc would be horrible, but I was willing to put myself out there for all us to learn from the process.

A lot of people have added great input along the way and I think everyone that has participated in this thread has helped all of us become better investors. So I thank everyone for their contributions. That's what makes this thread great.

The turn I don't like in this thread though is what is feeling like increased pressure on me to pick a winner and that somehow I am to blame for other's losses on trades that did not go well for them. I have tried my best to state why I make certain trades. But like everyone else buying and selling stocks, hunches/thoughts are exactly that. Consider if you followed me and you are upside down, well guess what..So am I.

I am up a lot of money doing this, but I also have a lot of money to lose. When I hear of people taking their savings and "following my lead" or cringing when their play is down 5% on a day...well let's just say that is more pressure than I want. If I lose $20K on a bad move, it will suck, but it won't material change my life. I feel like I am free-rolling on the house's money here and my day-trading moves resemble gambling more than solid investing. I have rolled the dice on a ton of very risky plays like leveraged ETFs, Dry Shippers, Chinese hog farmers, etc. Every one of these transactions were highly volatile. In fact, I prefer trading in stocks that are exactly like this.

So although I will continue to trade these stocks and make these crazy plays, I don't want the pressure that comes with what I am currently investing in. If my investment goes south, I feel bad enough already. Knowing someone just bet and lost his retirement money is pressure I can't stomach at all.

The thread will continue long after I stop posting my results. I will likely even post certain things I see regarding the market and stocks. I am just not going to list my trades/prices, etc. People need to make their own decisions when to buy and sell. It's been a good run here for me and allowed me to make a little money during my offseason. I thank everyone for their support in this thread and helping all of us become better players in the market. And I hope everyone has success going forward with their investments.

 

[The Sniper]

David - I'll miss reading your comments. It's been a fun read for me to live vicariously through your trades and I've learned a bit from your analysis. Can't blame you for not wanting the pressure. Good luck!

 

[St. Louis Bob]

At the risk of coming across as arrogant, I am going to stop posting in this thread. I started this thread because I wanted to hold myself accountable to my trades. I knew some of my decisions on stocks, timing, etc would be horrible, but I was willing to put myself out there for all us to learn from the process. A lot of people have added great input along the way and I think everyone that has participated in this thread has helped all of us become better investors. So I thank everyone for their contributions. That's what makes this thread great.The turn I don't like in this thread though is what is feeling like increased pressure on me to pick a winner and that somehow I am to blame for other's losses on trades that did not go well for them. I have tried my best to state why I make certain trades. But like everyone else buying and selling stocks, hunches/thoughts are exactly that. Consider if you followed me and you are upside down, well guess what..So am I. I am up a lot of money doing this, but I also have a lot of money to lose. When I hear of people taking their savings and "following my lead" or cringing when their play is down 5% on a day...well let's just say that is more pressure than I want. If I lose $20K on a bad move, it will suck, but it won't material change my life. I feel like I am free-rolling on the house's money here and my day-trading moves resemble gambling more than solid investing. I have rolled the dice on a ton of very risky plays like leveraged ETFs, Dry Shippers, Chinese hog farmers, etc. Every one of these transactions were highly volatile. In fact, I prefer trading in stocks that are exactly like this. So although I will continue to trade these stocks and make these crazy plays, I don't want the pressure that comes with what I am currently investing in. If my investment goes south, I feel bad enough already. Knowing someone just bet and lost his retirement money is pressure I can't stomach at all.The thread will continue long after I stop posting my results. I will likely even post certain things I see regarding the market and stocks. I am just not going to list my trades/prices, etc. People need to make their own decisions when to buy and sell. It's been a good run here for me and allowed me to make a little money during my offseason. I thank everyone for their support in this thread and helping all of us become better players in the market. And I hope everyone has success going forward with their investments.