My Stock Value Strategy Starts Now (4 Viewers)

[itriple]

$4.35 and flying 7 minutes until Im rich.

 

[playin4beer]

Big day for people still in OCNF and PRGN as both are up nicely in the pre-market. And although I sold a ton off yesterday, I still am holding a nice 10,000 shares of Paragon for the ride up.

I am playing around with a VERY small amount of money compared to you, but I still didn't want to lose it on OCNF.I sold 2285 of my 2785 shares yesterday for $1.70...just to break even.Now i'm holding a measly 500 shares....

 

[JaxBill]

What is everyone's exit price on PRGN? I'm really, really wanting to hold through earnings, but if we get to mid $4's today, I mgiht be tempted to pull the trigger.

Im going to set stops 20 cents below price all the way up to $5.25 (that way I guarantee a profit but dont miss the big run). I think if you dump today or on good news 2nite you are going to miss a big chunk of gains.

BUt don't a lot of stocks run up before earnings then everyone sells on the news, whether it's good or not?

 

[David Dodds]

and more good news with the BDI up too:

Baltic Supramax 1,834 (+2.69%)

Baltic Handysize 844 (+1.20%)

Baltic Dry 2,644 (+1.50%)

Baltic Capesize 3,661 (+1.69%)

Baltic Panamax 2,530 (+0.56%)

 

[David Dodds]

$4.35 and flying 7 minutes until Im rich.

awesome. This is what I like to hear.

 

[BassNBrew]

Just sold 1000 OCNF at $1.76, still holding 1500 shares. All were purchased in the $1.49 - $1.53 range. Thanks DD.

 

[BassNBrew]

Just sold 1000 shares of PRGN at $4.29. Still hold 3500 shares purchased from $3.27 to $4.66.

 

[David Dodds]

Just sold 1000 OCNF at $1.76, still holding 1500 shares. All were purchased in the $1.49 - $1.53 range. Thanks DD.

You are very welcome. Although this one could go higher too, I actually expect their report to be a lot muddier than PRGN. Has sucked being upside down in some of these for a bit, but these last two days have been very kind to all of us. It also feels like we will be getting into cash positions at a time when the market seems like it could topple a tad.

 

[The Ref]

So what should we be looking for in the numbers this afternoon? Anyone know what consensus is?

 

[Mose]

I think the consensus for PRGN is .50 per share on $36 million revenue.

 

[BassNBrew]

Just sold 1000 FEED at $4.21 for a profit of $148.

 

[David Dodds]

I think the consensus for PRGN is .50 per share on $36 million revenue.

I don't really care what they do EPS. I am anxious to see some of their forward looking statements. The conference call is tomorrow morning - I am very curious as to how many charters they now have for 2010, how much stock they diluted, did they buy back shares, etc.Anyone ever play the computer game Railroad Tycoon? I suspect we are going to see stuff like what happens in this sector very soon. For those unfamiliar to that game, you build railroads and collect profits. But equally as important as having a great railroad, you need to invest in your best rivals so even if they do great, they just catapult you higher. DSX, DRYS have boatloads of cash. With the shipping market finally starting to show life (after being crushed into submission), I would not be shocked to see either of these companies start taking some stakes in the better run parts of the industry. This fits PRGN to a tee. So even if you decide you don't really want to overtake PRGN, you get 5% of the stock making it at least very profitable to you should a rival buy them out. I am also super curious to where the JP Morgan money is going in this sector.

 

[itriple]

Does anyone know why Dahlman Rose would risk an upgrade the very day earnings come out? What if there is bad news wouldnt they just wait a day if they didnt think things were gonna be good?

 

[eoMMan]

What is everyone's exit price on PRGN? I'm really, really wanting to hold through earnings, but if we get to mid $4's today, I mgiht be tempted to pull the trigger.

$5.50.I can wait.

 

[David Dodds]

Does anyone know why Dahlman Rose would risk an upgrade the very day earnings come out? What if there is bad news wouldnt they just wait a day if they didnt think things were gonna be good?

Because the BDI has moved so much. And the big news with India and China look for that to remain that way for awhile. EPS (unless it's beyond awful) will have no real impact on this stock. Everything points to the bottom in this industry as having happened (March 9th for the market, possibly a bit earlier for the Dry Shippers). I think this upgrade was long overdue personally

 

[David Dodds]

What is everyone's exit price on PRGN? I'm really, really wanting to hold through earnings, but if we get to mid $4's today, I mgiht be tempted to pull the trigger.

$5.50.I can wait.

I will reiterate what I have said before. If this stock can stay above $5, I really expect institutions to get onboard. And $6 will happen very quickly after 5, because of that in my opinion. This thing might just be getting started here.

 

[Mose]

Does anyone know why Dahlman Rose would risk an upgrade the very day earnings come out? What if there is bad news wouldnt they just wait a day if they didnt think things were gonna be good?

Because the BDI has moved so much. And the big news with India and China look for that to remain that way for awhile. EPS (unless it's beyond awful) will have no real impact on this stock. Everything points to the bottom in this industry as having happened (March 9th for the market, possibly a bit earlier for the Dry Shippers). I think this upgrade was long overdue personally

So why aren't you loading up on PRGN right now?

 

[Buckna]

Bought 1,000 FEED @ $4.06

brave. I ain't buying anything....

I'm not sure brave is the right word for it...Edit: How about another 500 @ 3.96?

Out 2,500 shares of FEED @ $4.20 - profit of $289.82Will look to buy back in again when it gets below $4.10Anybody know anything about some other small cap china stocks: FSIN? and APWR?

Bought 400 APWR @ about $10.49 avgBought 1,000 FSIN @ about $8.095 avgBoth China stocks that seem to be on fire, we'll see how it goes. I bought a little early on both as they have pulled back this morning.

 

[David Dodds]

Does anyone know why Dahlman Rose would risk an upgrade the very day earnings come out? What if there is bad news wouldnt they just wait a day if they didnt think things were gonna be good?

Because the BDI has moved so much. And the big news with India and China look for that to remain that way for awhile. EPS (unless it's beyond awful) will have no real impact on this stock. Everything points to the bottom in this industry as having happened (March 9th for the market, possibly a bit earlier for the Dry Shippers). I think this upgrade was long overdue personally

So why aren't you loading up on PRGN right now?

because I think the market itself is very sketchy. I am waiting for the big correction and then I will get all my money back into the market. If the NASDAQ falls 4-5% in a day, the Shippers will lose at least twice that if not more based on history. And I am starting to think that market correction is very near based on a multitude of different indicators.

 

[KGB]

Isn't holding through earnings like drafting a qb in the 1st round?

It could work out but its safer to sell before earnings.

 

[FavreCo]

because I think the market itself is very sketchy. I am waiting for the big correction and then I will get all my money back into the market. If the NASDAQ falls 4-5% in a day, the Shippers will lose at least twice that if not more based on history. And I am starting to think that market correction is very near based on a multitude of different indicators.

It is WAAAAYYY overdue.

 

[Harris]

Go baby go, $4.65 'til I'm not underwater anymore on PRGN. I learned a pretty big lesson with my first trade on PRGN, to cut my losses or so with a big drop instead of holding them in case things go further south.

I bought initially at $4.85 and if I had tossed it at $4.70 or so it would have been a loss but I could have bought big down at $3.50 or so. Lesson learned, it's ok to take losses sometimes.

 

[Mose]

Go baby go, $4.65 'til I'm not underwater anymore on PRGN. I learned a pretty big lesson with my first trade on PRGN, to cut my losses or so with a big drop instead of holding them in case things go further south. I bought initially at $4.85 and if I had tossed it at $4.70 or so it would have been a loss but I could have bought big down at $3.50 or so. Lesson learned, it's ok to take losses sometimes.

I learned that from David awhile back on a trade he did. He took a small loss on one stock, so he could free up money to buy other more juicy stocks. It is just so hard to sell when it is in the red.

 

[Buckna]

Just sold 1000 FEED at $4.21 for a profit of $148.

FEED's been in a tight range today. Was hoping to pick some more up on a dip, but none of those wild swings it usually has has taken place yet.

 

[Mose]

Go baby go, $4.65 'til I'm not underwater anymore on PRGN. I learned a pretty big lesson with my first trade on PRGN, to cut my losses or so with a big drop instead of holding them in case things go further south. I bought initially at $4.85 and if I had tossed it at $4.70 or so it would have been a loss but I could have bought big down at $3.50 or so. Lesson learned, it's ok to take losses sometimes.

So are you selling it all if it gets back to $4.65, for break even, or are you holding for a profit still?

 

[Otis]

Took my bath in FAZ, got out, and will never touch that demon again.

Back in on PRGN. Looking to roll the dice on earnings. In either event, given the chart, you have to figure that this is a great buy long-term. How will this stock not hit 10 or beyond eventually?

 

[Harris]

Go baby go, $4.65 'til I'm not underwater anymore on PRGN. I learned a pretty big lesson with my first trade on PRGN, to cut my losses or so with a big drop instead of holding them in case things go further south. I bought initially at $4.85 and if I had tossed it at $4.70 or so it would have been a loss but I could have bought big down at $3.50 or so. Lesson learned, it's ok to take losses sometimes.

So are you selling it all if it gets back to $4.65, for break even, or are you holding for a profit still?

I've got a $0.20 trailing stop that I put on it after all of this good stuff started happening. I think that should keep me safe for now. But I will take this rocketship up past five and if it does then I will adjust my trailing stop to $0.15 or less to protect my profits.

 

[Harris]

I've also got a $0.15 trailing stop on OCNF, which locks in a little bit of profit there.

 

[Mose]

Took my bath in FAZ, got out, and will never touch that demon again.

 

[David Dodds]

I got this in my inbox today....so lucky I am mostly cash now to jump on this...lol

Dear friend,

I am Mr.Fang Chow. I have a proposition of mutual benefits, which I like to share with you. It involves an investment in my formal organization I will give you good update as regards this proposition as soon as you notify your interested.

This is for security reasons and hope you understand.

Thanks and regards,

Mr Fang Chow.

 

[Mose]

I got this in my inbox today....so lucky I am mostly cash now to jump on this...lolDear friend, I am Mr.Fang Chow. I have a proposition of mutual benefits, which I like to share with you. It involves an investment in my formal organization I will give you good update as regards this proposition as soon as you notify your interested.This is for security reasons and hope you understand. Thanks and regards, Mr Fang Chow.

Maybe he's starting a dry shipping business. Fang Chow sounds Greek to me.

 

[BassNBrew]

FREE has been lagging the rest of the shippers. Got a partial buy in at $1.52 for 139 shares. Shouldn't have gone cheap as I'm into this for 11 cents ea commission wise.

 

[moderated]

Up a ton in PRGN now. I'm not leaving until we hit $7 by end of this year.

GREED IS GOOD.

 

[Mr. Pickles]

Took my bath in FAZ, got out, and will never touch that demon again.

Wuss.

 

[David Dodds]

Up a ton in PRGN now. I'm not leaving until we hit $7 by end of this year.GREED IS GOOD.

Was a little worried the kids might get sold into slavery after you took your large position. Glad to see this has turned around for you as well.

 

[Otis]

Took my bath in FAZ, got out, and will never touch that demon again.

Wuss.

You're still sitting on that trainwreck?

 

[Mr. Pickles]

Up a ton in PRGN now. I'm not leaving until we hit $7 by end of this year.GREED IS GOOD.

Was a little worried the kids might get sold into slavery after you took your large position. Glad to see this has turned around for you as well.

There's still time.

 

[Mose]

PRGN at day's high now!

 

[Otis]

SB is an animal.

 

[moderated]

Up a ton in PRGN now. I'm not leaving until we hit $7 by end of this year.GREED IS GOOD.

Was a little worried the kids might get sold into slavery after you took your large position. Glad to see this has turned around for you as well.

There's still time.

....for it to go higher.I agree with ya.

 

[itriple]

10,000 shares at $3.79

Im up 10,000 * .66= $6,600 in a week

I have a stop at $4.25 but gonna ride this beast to at least $5.50

Plus I know nothing about the stock market. Thanks FBG and DD.

 

[Mr. Pickles]

I put in a trailing stop of $0.15 on PRGN. Looks like this baby is moving up today big time.

 

[BR33ZE]

Very Interesting read here:

China Stockpiling Commodities

This would also explain the catapulting of the BDI as well as the big oil run up

This is the most important artcile you could read about the future of the economy IMHO. China wants out of the dollar in the worst way. The artcile does not mention that China just bought 400M tons of gold as well. I like nothing more then to speculate with some stocks like PRGN and FEED, but 80% of my money is in Emerging markets and the other 15% is in gold/silver. Sell the USD.

There is no doubt that the USD is going to crater and thus oil skyrockets as does inflation. That is what will kill any chance of a strong recovery.

No doubt?

 

[Buckna]

Another China stock I was strongly considering was CGA. I should have bought at the open, up 10% so far this morning.

 

[BR33ZE]

Took my bath in FAZ, got out, and will never touch that demon again.Back in on PRGN. Looking to roll the dice on earnings. In either event, given the chart, you have to figure that this is a great buy long-term. How will this stock not hit 10 or beyond eventually?

This is a sell signal if I've ever seen one.

 

[Otis]

10,000 shares at $3.79Im up 10,000 * .66= $6,600 in a weekI have a stop at $4.25 but gonna ride this beast to at least $5.50Plus I know nothing about the stock market. Thanks FBG and DD.

This is the way to do it. Well done.

 

[McBokonon]

What the hell - decided to jump into PRGN but going with 5.00 June calls, down 40% on the day so I figured now's good, at 0.26 a contract.

My limit sell order triggered on the way to work, sold each contract at 0.40 for a nice 53.8% gain.

 

[The Ref]

PRGN just hit $4.50.

:boatloads:

 

[Cavalier]

Well do we think the PRGN earning report tonight more likely hurt or help? I may sell off the end of business today if it could be unfavorable.

 

[St. Louis Bob]

Which means it is also the worst conditions of a lifetime to sell.

I was listening to a real estate show yesterday and the host said conditions are going to be "tough" for at least another year and more than likely at least 18 months.

The 18 month number I've heard from everyone in the media. It seems to me like a best case scenario approximation.

Stocks waver after surprise drop in housing dataI'm surprised, no shocked, the market isn't tanking.

I smell a rat.