My Stock Value Strategy Starts Now (2 Viewers)

[Buckna]

Out 2,000 PRGN @ $3.78 - profit of $39.86

Just wanted to get out and free up some cash for better entry points. I had my money all concentrated in PRGN, OCNF & EXM the last few days and that much tied up in dry shippers could either be really good or really bad with earnings coming soon. Also had a limit sell for OCNF @ $1.54 but only 600 of my 4,000 shares filled at that price.

FEED bounced up to $4.38 and then immediately back down. Wish I hadn't of missed that to sell and then rebuy.

 

[BassNBrew]

Need some help here. I'll be out on the lake next Wed morn when these earning reports hits. Let's say Paragon opens above $4 and the previous close was $3.50. What type of order do I use the night before to only sell on the way back down into the 3's?

 

[moderated]

dodds, if this has anything to do with me please don't stop. I did buy 38k shares in paragon, but even if it goes to zero it won't really affect my overall life, yes it will hurt, but nothing too bad.In no way would i ever hold you responsible. keep doing what your doing.

In my mind this decision has everything to do with you. You came in here saying you're putting all of your savings in this one stock - "My life and family's future is now on the line". Then yesterday, after the stock had dropped immediately after you purchased it, you post a sarcastic note celebrating a small price rebound.You obviously made these posts to garner attention for yourself; to elicit some type of reaction. Well, congratulations, you got a reaction alright. I wish you would have just stayed out of this thread. Now you've cause the loss of this very enjoyable read.

I've stated numerous times that in no way do i blame anyone for any decision i make.My posts yesterday were tongue in cheek as to how many people over-react to daily moves. I don't care how a stock does day to day when i'm prepared to hold it for months.I've been investing in financials the past year (both long and short positions), i'm fully aware of swings and don't get phased by them.I apologize that people took my posts the wrong way and if i'm responsible for Dodds not posting picks anymore then that truly makes me feel bad as i enjoy his thoughts as much as anyone, and would never hold him accountable for decisions i make.

 

[FavreCo]

Need some help here. I'll be out on the lake next Wed morn when these earning reports hits. Let's say Paragon opens above $4 and the previous close was $3.50. What type of order do I use the night before to only sell on the way back down into the 3's?

I'll guess you want a stop loss order.

 

[King of the Jungle]

dodds, if this has anything to do with me please don't stop. I did buy 38k shares in paragon, but even if it goes to zero it won't really affect my overall life, yes it will hurt, but nothing too bad.In no way would i ever hold you responsible. keep doing what your doing.

In my mind this decision has everything to do with you. You came in here saying you're putting all of your savings in this one stock - "My life and family's future is now on the line". Then yesterday, after the stock had dropped immediately after you purchased it, you post a sarcastic note celebrating a small price rebound.You obviously made these posts to garner attention for yourself; to elicit some type of reaction. Well, congratulations, you got a reaction alright. I wish you would have just stayed out of this thread. Now you've cause the loss of this very enjoyable read.

I've stated numerous times that in no way do i blame anyone for any decision i make.My posts yesterday were tongue in cheek as to how many people over-react to daily moves. I don't care how a stock does day to day when i'm prepared to hold it for months.I've been investing in financials the past year (both long and short positions), i'm fully aware of swings and don't get phased by them.I apologize that people took my posts the wrong way and if i'm responsible for Dodds not posting picks anymore then that truly makes me feel bad as i enjoy his thoughts as much as anyone, and would never hold him accountable for decisions i make.

Someone always has to be "that guy".

 

[None_More_Black]

Need some help here. I'll be out on the lake next Wed morn when these earning reports hits. Let's say Paragon opens above $4 and the previous close was $3.50. What type of order do I use the night before to only sell on the way back down into the 3's?

Trailing stop. With my broker you can do percentage or dollar amount.

 

[#@%&$!?]

This chart seems to imply that the correction may have already taken place:

McClellan Oscillator

Not a technical guy... just going by instinct, I'm guessing there's another 10% to give in this correction. We're only down roughly 5% from the recent peak. People are off their 2 month euphoria and are getting jittery.

 

[BassNBrew]

Need some help here. I'll be out on the lake next Wed morn when these earning reports hits. Let's say Paragon opens above $4 and the previous close was $3.50. What type of order do I use the night before to only sell on the way back down into the 3's?

Trailing stop. With my broker you can do percentage or dollar amount.

So I can set a trailing stop at $4 even though the price is $3.50 right now and it won't trigger at $4 on a pop to $4.50 thinking the sell point had already been crossed previously?

 

[None_More_Black]

Need some help here. I'll be out on the lake next Wed morn when these earning reports hits. Let's say Paragon opens above $4 and the previous close was $3.50. What type of order do I use the night before to only sell on the way back down into the 3's?

Trailing stop. With my broker you can do percentage or dollar amount.

So I can set a trailing stop at $4 even though the price is $3.50 right now and it won't trigger at $4 on a pop to $4.50 thinking the sell point had already been crossed previously?

Trailing stop moves with the position at a specified starting price. You specify a percentage or dollar amount loss. If the stock goes up but never down to a percentage you set you won't be stopped out. If you set the stop at 10% and it goes to 4.00 then back to 3.60 then you will be stopped out at 3.60. With the same stop if it rockets to 6.oo then goes to 5.40 you will be stopped out. It's a way to lock in gains.

 

[David Dodds]

OCNF dilution over as expected

YA Global owns 9.8% of the company

 

[playin4beer]

OCNF dilution over as expected

YA Global owns 9.8% of the company

Is there anyway you can explain if that's good or bad to a "friend" i know that owns some OCNF shares??He's really quite stupid when it comes to this kind of thing, so keep that in mind.

 

[St. Louis Bob]

DXO tanked today.

 

[Mr. Pickles]

OCNF dilution over as expected

YA Global owns 9.8% of the company

Is there anyway you can explain if that's good or bad to a "friend" i know that owns some OCNF shares??He's really quite stupid when it comes to this kind of thing, so keep that in mind.

[Homer]That's good!

[/Homer]

 

[David Dodds]

OCNF dilution over as expected

YA Global owns 9.8% of the company

Is there anyway you can explain if that's good or bad to a "friend" i know that owns some OCNF shares??He's really quite stupid when it comes to this kind of thing, so keep that in mind.

YA Global paid $1.53/share to take a $178M position in this company. Since they are gaining just 10%, I actually think they might have gotten screwed a tad here as that seems like a giant price to have paid.but these things all point to a higher stock price coming:

- They convinced OCNF to delay earnings so they could fully get all their shares before earnings

- They bought 12 million shares at $1.84/share less than two weeks ago.

I am following the money here. Whether the stock really is worth more or not, I think it's heading higher pre-earnings report. I figure YA Global expects to make at least 10% which would but fair value around $1.68. If it gets much above $1.62 before earnings, I will likely just bank a huge win (I own 60,000 shares at 1.44). Something is definitely going on here - I just don't fully know what it is. I now don't think they are a take over target though (as this dilution makes that pill a bit harder to swallow). But I think this could just be one of many moves with this company going forward. They seem to be following the DRYS strategy on super aggressive expansion. I don't really trust the management in this company at all, but I don't think they will do anything to upset their new partner YA Global. As they remain in at $1.53, I am not selling for less than that.

 

[playin4beer]

OCNF dilution over as expected

YA Global owns 9.8% of the company

Is there anyway you can explain if that's good or bad to a "friend" i know that owns some OCNF shares??He's really quite stupid when it comes to this kind of thing, so keep that in mind.

YA Global paid $1.53/share to take a $178M position in this company. Since they are gaining just 10%, I actually think they might have gotten screwed a tad here as that seems like a giant price to have paid.but these things all point to a higher stock price coming:

- They convinced OCNF to delay earnings so they could fully get all their shares before earnings

- They bought 12 million shares at $1.84/share less than two weeks ago.

I am following the money here. Whether the stock really is worth more or not, I think it's heading higher pre-earnings report. I figure YA Global expects to make at least 10% which would but fair value around $1.68. If it gets much above $1.62 before earnings, I will likely just bank a huge win (I own 60,000 shares at 1.44). Something is definitely going on here - I just don't fully know what it is. I now don't think they are a take over target though (as this dilution makes that pill a bit harder to swallow). But I think this could just be one of many moves with this company going forward. They seem to be following the DRYS strategy on super aggressive expansion. I don't really trust the management in this company at all, but I don't think they will do anything to upset their new partner YA Global. As they remain in at $1.53, I am not selling for less than that.

Thanks DD...

 

[David Dodds]

A lot of people expecting OCNF to hit 2.50 and PRGN to hit 5.00 by June:

OCNF Option Chain

PRGN Option Chain

 

[NajehHejan]

David,

Thanks so much for all of your input in this thread. I have learned a lot (still have a way to go), and have made some nice coin as well so far. From your original list, I did my due diligence on GKK and started accumulating shares. As the price went down, I started buying more and averaging down, something I never did before. I learned from your postings that if you've done your DD and have confidence in a company, there's no reason you shouldn't add to your position. The market is very volatile - you have to have the patience and fortitude to ride the highs and lows. I really hope you continue to post your general thoughts on the market and specific industries. I had money sitting in an ING account making less than 1% - this thread encouraged me to move my funds into the very risky but very rewardy market. Sure it may not always pan out, but there are no guarantees in life, I'd rather go down swinging.

This thread may go down as one of the greatest threads of all time in the internet universe.

Let's keep this thread alive and make some money!

Perhaps the biggest thing I've learned to be true - the market as of late does indeed buy on the rumor and sell on the news. You need to ride that wave whenever possible.

Here's hoping Cell Therapeutics cures cancer and FavreCo gets that purple #4 jersey, size L.

 

[analog_hiss]

Standby Equity Distribution Agreement explained and related specifically to OCNF as an example.

 

[Cromedog]

Standby Equity Distribution Agreement explained and related specifically to OCNF as an example.

Nice analysis.

 

[eoMMan]

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.

Really?You should rethink this, David. Why would you feel bad about posting your trades, good or bad? Do you know how much "investment advice" is available on-line? Tons. You really shouldn't care if people gain or lose money by following your picks. That's none of your business. And to be honest, how do you know that everyone agrees with all of your picks? You've done very well YTD but there could be posters out there reading this thread and shadowing your picks the opposite way waiting for you to fail. You don't know for sure.

 

[SIDA!]

Standby Equity Distribution Agreement explained and related specifically to OCNF as an example.

Nice analysis.

Interesting. But if the CEO of OCNF is "putting" this stock to Angelo...wouldnt that be a bearish indicator? The whole point is that the CEO gets to choose the best time to sell the stock to raise capital.Obviously, you arent going to want to sell stock if you think the stock is going higher in the short term, right?

Of course...the idea is that you are raising funds to better your business and that the payoff in the longterm will be worth it.

 

[NajehHejan]

Getting a head start on my Monday play. Think I'm diving into CKGT. All you risk takers, check out China Kangtai Cactus Bio-Tech Inc. They currently sell juices and other products with cactus juice. They're branching into the feed industry which could be huge. They're also rolling out a cactus cigarette. The company has a solid balance sheet, is generating mad cash/profits, and is growing immensely. I don't see this as a Pump & Dump. Buy at around $.70 or so and hold for 6 months to a year and should easily see $2. They currently trade OTC/BB but are looking to become listed on Nasdaq. Biggest downfall of the company that I see is they are terrible at PR. They just reported nice earnings but didn't PR it. Good time to get in low before they realize that PR is key to stock price.

http://www.biocactus.com/co.html

Company Overview

Kangtai is a vertically integrated grower, developer, manufacturer and marketer of a variety of cactus-based consumer products including nutraceuticals, beverages (juice, health drinks, beer and wine), packaged foods and various intermediary products containing cactus, cactus fruit, and cactus derivatives. Various cactus products have been shown to provide healthbenefits and have been used to treat a variety of health issues including, diabetes, adiposity, constipation, cholesterol, high blood pressure, immunity, and skin disorders. With 387 acres of plants and an active R&D group, Kangtai holds 15 product patents and is seeking another 15 in a variety of product categories. Kangtai’s high-quality products are sold throughout China via a growing distribution network that includes general distributors, third party distributors and consumer groups who buy the products regularly in large volumes directly from the Company for their own consumptions.

 

[Das Boot]

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.

Really?You should rethink this, David. Why would you feel bad about posting your trades, good or bad? Do you know how much "investment advice" is available on-line? Tons. You really shouldn't care if people gain or lose money by following your picks. That's none of your business. And to be honest, how do you know that everyone agrees with all of your picks? You've done very well YTD but there could be posters out there reading this thread and shadowing your picks the opposite way waiting for you to fail. You don't know for sure.

Because someone said they were betting their family's future on DD's advice.

 

[eoMMan]

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.

Really?You should rethink this, David. Why would you feel bad about posting your trades, good or bad? Do you know how much "investment advice" is available on-line? Tons. You really shouldn't care if people gain or lose money by following your picks. That's none of your business. And to be honest, how do you know that everyone agrees with all of your picks? You've done very well YTD but there could be posters out there reading this thread and shadowing your picks the opposite way waiting for you to fail. You don't know for sure.

Because someone said they were betting their family's future on DD's advice.

Did you read the rest of my post? DD shouldn't feel bad at all with the amount of investing "advice" available freely on-line.

 

[analog_hiss]

During the NHL playoff game intermission, I searched for some stories on shipping contracts and found this:

China buying boosts Baltic index

13 May 2009

Written by: Julian Hofmann

The volatility of the Baltic Dry Index (BDI) has been well documented this year, but a 400 point surge over the past month has pushed the index back to the levels it enjoyed just before the boom in shipping started three years ago.

February to April saw the largest ever amount of iron imported by China, including more than 50 million tonnes in April alone. That has largely fuelled the rise in the BDI, with shippers reporting brisk activity on the Australia to China route. Chinese buying activity and evidence of large-scale restocking, is fuelled by a spot ore price that is at its lowest in four years: the latest CIF (cost, insurance and freight) price for iron ore is $80 per tonne, down 40 per cent compared with last year. According to Brazilian iron-ore producer Vale, contracts with medium-sized steel mills, presumably state-owned, were the driving force behind the pick-up in sales in the quarter.

The latest data from N. Cotzias Shipping shows that the spot rates for the key Capesize index were now running between $14,000 and $42,000 per day for the largest vessels, a significant improvement on the below-running-cost prices seen just before Christmas. This has also led to increased activity in the sale & purchase market, although at far lower levels. Cotzias cites the case of the M/V SWS Resale, which was recently bought by Greek ship owners for $63m, a 58 per cent discount to its sale price only a year ago. Cotzias's findings are bourne out by the UK's major shipbrokers, Clarksons and Braemar, which this week both reported renewed interest in ship buying.

 

[Das Boot]

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.

Really?You should rethink this, David. Why would you feel bad about posting your trades, good or bad? Do you know how much "investment advice" is available on-line? Tons. You really shouldn't care if people gain or lose money by following your picks. That's none of your business. And to be honest, how do you know that everyone agrees with all of your picks? You've done very well YTD but there could be posters out there reading this thread and shadowing your picks the opposite way waiting for you to fail. You don't know for sure.

Because someone said they were betting their family's future on DD's advice.

Did you read the rest of my post? DD shouldn't feel bad at all with the amount of investing "advice" available freely on-line.

I did read the rest of your post.The point is a :donkey: said he's betting his family's future on DD's advice.

That would end public advice from any sane person... DD isn't an anonymous person on a stock msg board, and this also isn't an investing site.

 

[David Dodds]

During the NHL playoff game intermission, I searched for some stories on shipping contracts and found this:

China buying boosts Baltic index

13 May 2009

Written by: Julian Hofmann

The volatility of the Baltic Dry Index (BDI) has been well documented this year, but a 400 point surge over the past month has pushed the index back to the levels it enjoyed just before the boom in shipping started three years ago.

February to April saw the largest ever amount of iron imported by China, including more than 50 million tonnes in April alone. That has largely fuelled the rise in the BDI, with shippers reporting brisk activity on the Australia to China route. Chinese buying activity and evidence of large-scale restocking, is fuelled by a spot ore price that is at its lowest in four years: the latest CIF (cost, insurance and freight) price for iron ore is $80 per tonne, down 40 per cent compared with last year. According to Brazilian iron-ore producer Vale, contracts with medium-sized steel mills, presumably state-owned, were the driving force behind the pick-up in sales in the quarter.

The latest data from N. Cotzias Shipping shows that the spot rates for the key Capesize index were now running between $14,000 and $42,000 per day for the largest vessels, a significant improvement on the below-running-cost prices seen just before Christmas. This has also led to increased activity in the sale & purchase market, although at far lower levels. Cotzias cites the case of the M/V SWS Resale, which was recently bought by Greek ship owners for $63m, a 58 per cent discount to its sale price only a year ago. Cotzias's findings are bourne out by the UK's major shipbrokers, Clarksons and Braemar, which this week both reported renewed interest in ship buying.

With earnings coming out for PRGN and OCNF and the quick rise in the BDI, this thing is primed for an exciting week ahead for the Dry Shippers. If the NASDAQ can have a 3% gaining day and the BDI jumps up again on Monday, this thing could be a rocketship Monday and Tuesday. Or at least that is what I am hoping for.

 

[David Dodds]

Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that it will release its results for the first quarter ended March 31, 2009 after the closing of the market on Thursday, May 21, 2009.

 

[David Dodds]

MAROUSSI, ATHENS, GREECE -- 05/15/09 -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that it will release its financial results for the first quarter ended March 31, 2009, on Thursday, May 21, 2009, after the market closes in New York. The following day, Friday, May 22, 2009, at 11:00 am EDT, the Company's management will host a conference call and webcast to discuss the results.

 

[David Dodds]

Despite the healthy pullback in stocks (50 or so S&P handles), it is worth pointing out that the Baltic Dry Index just "broke out" to a six-month high yesterday, closing at 2432. Over the last 10 days, the BDI has increased by 560 points (32%), and over the last 25 days the index has increased by 869 points (59%).

 

[David Dodds]

Credit Suisse obviously thinking a market correction is coming soon. Talk about unloading shares..they released a ton on Friday:

Credit Suisse Holdings

BTW they dumped all of their OCNF and Paragon Shares during this too, but they did not hold a very big position in either company.

 

[NajehHejan]

Credit Suisse obviously thinking a market correction is coming soon. Talk about unloading shares..they released a ton on Friday:

Credit Suisse Holdings

BTW they dumped all of their OCNF and Paragon Shares during this too, but they did not hold a very big position in either company.

Ok, I am definitely a novice investor, but WTF is up with this? I didn't add all of the data up, but it looks like they sold hundreds of billions of shares. They didn't make a single purchase, yet sold about 2,000 different stocks for varying amounts? Is this common? Are they taking a strictly cash position here, or do you think they own tons more securities that they didn't unload?Edit - 2,000 not 400

 

[David Dodds]

Credit Suisse obviously thinking a market correction is coming soon. Talk about unloading shares..they released a ton on Friday:

Credit Suisse Holdings

BTW they dumped all of their OCNF and Paragon Shares during this too, but they did not hold a very big position in either company.

Ok, I am definitely a novice investor, but WTF is up with this? I didn't add all of the data up, but it looks like they sold hundreds of billions of shares. They didn't make a single purchase, yet sold about 2,000 different stocks for varying amounts? Is this common? Are they taking a strictly cash position here, or do you think they own tons more securities that they didn't unload?Edit - 2,000 not 400

They released a statement the day before that they expected this recovery to form a W (and since it is a V now, that would imply they expect this thing to drop soon). From what I can gather, they exited out of all of their cyclical positions. I think it's somewhat silly though in regards to the Dry Shippers as the BDI still has another 3-4 weeks before it's at it's peak. Not sure what to make of it. The market was barely down on Friday when they were dumping like mad. I suspect they are being foolish here.

 

[Otis]

Credit Suisse obviously thinking a market correction is coming soon. Talk about unloading shares..they released a ton on Friday:

Credit Suisse Holdings

BTW they dumped all of their OCNF and Paragon Shares during this too, but they did not hold a very big position in either company.

Ok, I am definitely a novice investor, but WTF is up with this? I didn't add all of the data up, but it looks like they sold hundreds of billions of shares. They didn't make a single purchase, yet sold about 2,000 different stocks for varying amounts? Is this common? Are they taking a strictly cash position here, or do you think they own tons more securities that they didn't unload?Edit - 2,000 not 400

They released a statement the day before that they expected this recovery to form a W (and since it is a V now, that would imply they expect this thing to drop soon). From what I can gather, they exited out of all of their cyclical positions. I think it's somewhat silly though in regards to the Dry Shippers as the BDI still has another 3-4 weeks before it's at it's peak. Not sure what to make of it. The market was barely down on Friday when they were dumping like mad. I suspect they are being foolish here.

Foolish or not, many people are expecting this same thing. If there's enough of that sentiment out there it becomes a self-fulfilling prophecy.I posted this link last week. It indicates that, based on technical analysis at least, this market is due to "retrace" downward at some point, probably 5-10% from it's peak according to some. If you buy into that, we still have some bit to go down before we go back up. So, again, if you buy that, moving cash-heavy right now makes perfect sense, because the conventional wisdom will tell you that you don't want to be long on many things when the market is headed downward (and vice versa) -- much easier to pick a winner in an up-trending market.

This week will be telling.

 

[Penguin]

Credit Suisse obviously thinking a market correction is coming soon. Talk about unloading shares..they released a ton on Friday:

Credit Suisse Holdings

BTW they dumped all of their OCNF and Paragon Shares during this too, but they did not hold a very big position in either company.

Ok, I am definitely a novice investor, but WTF is up with this? I didn't add all of the data up, but it looks like they sold hundreds of billions of shares. They didn't make a single purchase, yet sold about 2,000 different stocks for varying amounts? Is this common? Are they taking a strictly cash position here, or do you think they own tons more securities that they didn't unload?Edit - 2,000 not 400

They released a statement the day before that they expected this recovery to form a W (and since it is a V now, that would imply they expect this thing to drop soon). From what I can gather, they exited out of all of their cyclical positions. I think it's somewhat silly though in regards to the Dry Shippers as the BDI still has another 3-4 weeks before it's at it's peak. Not sure what to make of it. The market was barely down on Friday when they were dumping like mad. I suspect they are being foolish here.

Foolish or not, many people are expecting this same thing. If there's enough of that sentiment out there it becomes a self-fulfilling prophecy.I posted this link last week. It indicates that, based on technical analysis at least, this market is due to "retrace" downward at some point, probably 5-10% from it's peak according to some. If you buy into that, we still have some bit to go down before we go back up. So, again, if you buy that, moving cash-heavy right now makes perfect sense, because the conventional wisdom will tell you that you don't want to be long on many things when the market is headed downward (and vice versa) -- much easier to pick a winner in an up-trending market.

This week will be telling.

Get some sleep O Next few days are critical, Dry Shippers releasing earnings on Tuesday, you need to be at full strength.

 

[Alias]

next stop Dow 7500

W

 

[Mose]

pre market looking decent so far. I just want everything to stay cool until after the earnings for these 2 on tuesday, then I'll be all cash happily.

 

[David Dodds]

some great news this morning...the BDI goes higher.

Baltic Supramax 1,786 (+1.82%)

Baltic Handysize 834 (+1.34%)

Baltic Dry 2,605 (+2.40%)

Baltic Capesize 3,600 (+3.42%)

Baltic Panamax 2,516 (+1.70%)

 

[David Dodds]

wow, I am LOVING my OCNF right now. Very very hard not to sell my 60,000 shares at $1.44

 

[Random]

wow, I am LOVING my OCNF right now. Very very hard not to sell my 60,000 shares at $1.44

Still planning on holding to earnings? I think I'll cut loose of at least half before, possibly this am.

 

[David Dodds]

wow, I am LOVING my OCNF right now. Very very hard not to sell my 60,000 shares at $1.44

Still planning on holding to earnings? I think I'll cut loose of at least half before, possibly this am.

The Money guys (YA Global are in at $1.53), but they also bought at 1.78 very recently. I want 20 cents a share before I sell anything ($1.64). If it gets to $1.70 somehow today, I will probably dump it all.

 

[BassNBrew]

wow, I am LOVING my OCNF right now. Very very hard not to sell my 60,000 shares at $1.44

Still planning on holding to earnings? I think I'll cut loose of at least half before, possibly this am.

The Money guys (YA Global are in at $1.53), but they also bought at 1.78 very recently. I want 20 cents a share before I sell anything ($1.64). If it gets to $1.70 somehow today, I will probably dump it all.

Just moved 1500 shares at $1.61. Most of my shares were purchased in the $1.49 to $1.52 range. I still hold 2500 shares.

 

[BassNBrew]

Little slow out of the gate on moving my FEED. Not sure what to do right now.

 

[Mose]

Just for the record, I will be holding all of my PRGN and OCNF until wednesday. I want to be in when earnings come on both of them.

 

[Random]

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

Out of PRGN at 3.85. +390 less comm.Still holding OCNF

 

[Random]

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

Out of PRGN at 3.85. +390 less comm.Still holding OCNF

Out of OCNF at 1.62. +225 less comm.

 

[Buckna]

Out 2,000 PRGN @ $3.78 - profit of $39.86Just wanted to get out and free up some cash for better entry points. I had my money all concentrated in PRGN, OCNF & EXM the last few days and that much tied up in dry shippers could either be really good or really bad with earnings coming soon. Also had a limit sell for OCNF @ $1.54 but only 600 of my 4,000 shares filled at that price.FEED bounced up to $4.38 and then immediately back down. Wish I hadn't of missed that to sell and then rebuy.

Out the remaining 3,400 shares of OCNF @ $1.61 - profit of $257.82Good luck longs!

 

[Mose]

Are all of you sellers scared of the earnings release?

 

[Alias]

next stop Dow 7500

W

Dow up 2% today

 

[David Dodds]

Decided not to press my luck. I banked a HUGE win and am now out of OCNF at 1.63. It's probably going higher, but this company is all smoke and mirrors and will likely report losses tomorrow. Profit = 19 cents a share x 60,000 shares......AWESOME.

I am holding PRGN through earnings. I still think they could be a take over target and suspect their earnings could produce a pop tomorrow. I will sell at 4.25 or above.