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My Stock Value Strategy Starts Now (3 Viewers)

Paragon's Presentation

These guys really are among the best in this business. I loved the slide regarding the industry where it shows the ship cancellations and delivery slippage.

Holding 11,000 shares at $4.96 (and banked a $10K win as well today)

 
itriple said:
itriple said:
Back in PRGN 5000 shares at $5.60.I sold too early yesterday afternoon. But still love it at this price. Will sell if it hits $6.25 again.
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Wow just like that $5.81
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In for another 2,500 at 5.60Im planning on holding this maybe a little longer term. The P/E is just sick. I coudl see it drop to maybe low $5's after this big run and I am willing to hold through that. But then I see it crawling up to $7/$8.
 
JaxBill said:
ANy thoughts on everybody's favorite roulette game, FAZ?
Click to expand...
I don't do FAZ, but a buying opportunity may be coming up on FAS at the end of the day. It has been steadily declining all day and has the potential for an end of day puking. The rate of decline has been fairly sharp, so an end of day acceleration may not happen, but it is still likely to be a 10% loss day. If it accelerates, 15-20% loss is possible.These are the days I like to jump aboard at 3:58, as it usually corrects by 10% quickly. (Don't take this as advice to do anything)
 
itriple said:
itriple said:
itriple said:
Back in PRGN 5000 shares at $5.60.I sold too early yesterday afternoon. But still love it at this price. Will sell if it hits $6.25 again.
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Wow just like that $5.81
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In for another 2,500 at 5.60Im planning on holding this maybe a little longer term. The P/E is just sick. I coudl see it drop to maybe low $5's after this big run and I am willing to hold through that. But then I see it crawling up to $7/$8.
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I think so too. It makes sense in a stock market collapse that some stocks became way oversold. This is clearly one of them.
 
Just wanted to thank DD. Because of him my mom won't have to work the street corners anymore. I'll be able to afford a life saving operation for my son, buy my house back at the county courthouse auction, feed several hundred starving kids, and afford a FBG subscription to boot.

On a serious note, out of OCNF...sold 750 shares at $1.86 for a $254 profit.

 
Buckna said:
FEED just blew thru $5. Currently at $5.10 on nearly 1.5x avg volume with an hour to go. Go baby go! :goodposting:
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I with you on this one...has tailed off a bit now, but still looking good.Unfortunately I was one of the dopes who held PRGN and OCNF today. I may look to unload 1/2 if we get a little rally by the end of the day even though I think they should both be higher.
 
I don't know why I am reading this thread. I'm in all cash now and plan to be until next week at least.

Just FYI: Since I started reading this thread, in just under 2 months(I initially bought my first stock on April 1st), I have made 211% on my money. So more than doubled my bankroll!

 
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bigfishboy said:
JaxBill said:
ANy thoughts on everybody's favorite roulette game, FAZ?
Click to expand...
I don't do FAZ, but a buying opportunity may be coming up on FAS at the end of the day. It has been steadily declining all day and has the potential for an end of day puking. The rate of decline has been fairly sharp, so an end of day acceleration may not happen, but it is still likely to be a 10% loss day. If it accelerates, 15-20% loss is possible.These are the days I like to jump aboard at 3:58, as it usually corrects by 10% quickly. (Don't take this as advice to do anything)
Click to expand...
I was actually looking at FAS before you said that.Just bought a little bit at $8.93. :unsure:
 
I'm officially on the edge of my chair as far as watching the market goes, as I think next 5 business days are going to tell us where the next month or so is going to trend.

We keep bouncing off of S&P 925 as resistance kicks in against the Jan 6th high water mark of S&P 935. If volume picks up a little and we close over 935, we could very well be on our way up to S&P 1006 from last Nov 6th. If volume does not pick up and the market is not able to close past 935, we may be headed lower and this has been nothing more then a a bear market rally for the past few weeks.

Right now I am 45/45/10 stocks/cash/gold and am waiting to get out or go all in based on the next week or so.

 
Cromedog said:
Buckna said:
FEED just blew thru $5. Currently at $5.10 on nearly 1.5x avg volume with an hour to go. Go baby go! :shrug:
Click to expand...
I with you on this one...has tailed off a bit now, but still looking good.Unfortunately I was one of the dopes who held PRGN and OCNF today. I may look to unload 1/2 if we get a little rally by the end of the day even though I think they should both be higher.
Click to expand...
There was some heavy volume buying there for a moment which caused that spike. I bought another 1,000 @ $4.86. Heaven help me.
 
eoMMan said:
bigfishboy said:
JaxBill said:
ANy thoughts on everybody's favorite roulette game, FAZ?
Click to expand...
I don't do FAZ, but a buying opportunity may be coming up on FAS at the end of the day. It has been steadily declining all day and has the potential for an end of day puking. The rate of decline has been fairly sharp, so an end of day acceleration may not happen, but it is still likely to be a 10% loss day. If it accelerates, 15-20% loss is possible.These are the days I like to jump aboard at 3:58, as it usually corrects by 10% quickly. (Don't take this as advice to do anything)
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I was actually looking at FAS before you said that.Just bought a little bit at $8.93. :shrug:
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I sit on the fence trying to figure out which way to go. Looking around at the economic disaster, it's FAZ. Looking at how the PPT keeps pumping in liquidity, it's FAS.Let's see what tomorrow's unemployment numbers are. My guess is the phrase 'better than expected' will be driven into the ground no matter what the numbers are.
 
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Cromedog said:
Buckna said:
FEED just blew thru $5. Currently at $5.10 on nearly 1.5x avg volume with an hour to go. Go baby go! :shrug:
Click to expand...
I with you on this one...has tailed off a bit now, but still looking good.Unfortunately I was one of the dopes who held PRGN and OCNF today. I may look to unload 1/2 if we get a little rally by the end of the day even though I think they should both be higher.
Click to expand...
And out of 1000 PRGN and OCNF...still have 1000 of each left and 500 Feed
 
Year to Date Profit = $113,627

Today's Realized Gains/Losses = $10,388

Sold 5,000 PRGN - Profit = $10,500 -12

Unrealized Gains/Losses:

11,000 PRGN @ 4.96 (Closed at 5.91)

3,000 DRYS @ 6.84 (Closed at 6.79)

Recap: PRGN was a rocketship. I think fair value is between $6.25 and $6.50 right now. I sold off 1/2 at $6.15 and was willing to sell the other half for $6.25, but then it started heading south. I added 3,000 shares twice and now have more shares than I started with yesterday (but at a higher average cost). I plan to actively buy and sell shares of Paragon for the next few months (as long as the BDI stays healthy). I bought 3 different times as DRYS kept going lower. Dillution likely finished today so I expect this will bounce back closer to $7.25 soon. I have a large cash position and if I can get close to the prices I want, I may sell everything tomorrow or Friday and go into the long weekend with an all-cash position.

 
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eoMMan said:
bigfishboy said:
JaxBill said:
ANy thoughts on everybody's favorite roulette game, FAZ?
Click to expand...
I don't do FAZ, but a buying opportunity may be coming up on FAS at the end of the day. It has been steadily declining all day and has the potential for an end of day puking. The rate of decline has been fairly sharp, so an end of day acceleration may not happen, but it is still likely to be a 10% loss day. If it accelerates, 15-20% loss is possible.These are the days I like to jump aboard at 3:58, as it usually corrects by 10% quickly. (Don't take this as advice to do anything)
Click to expand...
I was actually looking at FAS before you said that.Just bought a little bit at $8.93. :coffee:
Click to expand...
While it was off it's daily high by 15%, the end of day trading was too flat for me. The drop occured between 3 and 3:30 and then stalled. I am uneasy enough in this market to hold on for a better spot. I try not to trade this except for at the closing bell. Though if it goes to 8.50 or lower, I will be tempted.
 
If anyone still is holding OCNF, you should know that YA Global just dumped all of their shares. I knew I could not trust this management (and only bought into OCNF because I could get in cheaper than YA Global's average cost).

Management cut these guys a discount on the shares. They start buying/diluting. They use smoke and mirrors to run up the stock pre-earnings and then YA Global massively dumps everything the next day. Yes that is sketch in my eyes. DRYS is also run like this. I will be looking to exit DRYS tomorrow with a very small gain.

 
David Dodds said:
If anyone still is holding OCNF, you should know that YA Global just dumped all of their shares. I knew I could not trust this management (and only bought into OCNF because I could get in cheaper than YA Global's average cost). Management cut these guys a discount on the shares. They start buying/diluting. They use smoke and mirrors to run up the stock pre-earnings and then YA Global massively dumps everything the next day. Yes that is sketch in my eyes. DRYS is also run like this. I will be looking to exit DRYS tomorrow with a very small gain.
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Already cashed out based on the issues you previously raised.
 
David Dodds said:
If anyone still is holding OCNF, you should know that YA Global just dumped all of their shares. I knew I could not trust this management (and only bought into OCNF because I could get in cheaper than YA Global's average cost). Management cut these guys a discount on the shares. They start buying/diluting. They use smoke and mirrors to run up the stock pre-earnings and then YA Global massively dumps everything the next day. Yes that is sketch in my eyes. DRYS is also run like this. I will be looking to exit DRYS tomorrow with a very small gain.
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Wall Street is no different then Las Vegas in many ways.I work for a fortune 500 company in business unit finance management. I may not know the whole picture for the entire company, but I know enough to figure out how we are going to do at quarter end (and what I don't know I "hear about"). And I can say that for the past 5 or so years since I have been "dialed in' to my companies results, I can tell you our stock always moves in the direction that the numbers would indicate they should ahead of our earnings release. Bad Qtr, the stock drops 10% ahead of earnings. Good quarter, up 5%. Great Qtr up 10%. I knew PRGN earnings were going to be good if not great when the stock was up 20% ahead of the release. I would not be the least bit surprised that OCNF would play games with the share holders; they would not be the only one.
 
Wasn't by a computer all day or i would have sold half my shares at 6 bucks, don't really care though as i don't see this dipping under 5.50 anytime soon and it semms to still have a lot of upside.

My dec $5 calls are also up nicely.

long live paragon and david dodds.

 
DXO closed at $3.75

There was a Mickey Mouse/Iran pic from my yute that applies here.

My plan is to buy on Tuesday no matter what the price is. ####.

 
KGB said:
St. Louis Bob said:
DXO closed at $3.75There was a Mickey Mouse/Iran pic from my yute that applies here.My plan is to buy on Tuesday no matter what the price is. ####.
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Explain. I was pissed all my money was tied up when it dipped into the 3.30s
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That's how I was when it went to the $2.50's for short time so I feel your pain.During this run up everybody has said that there is no fundamental reason for oil to be higher than $50 a barrel. ~Oil supplies remain at a 19-year high~A record amount of crude oil and oil products is floating at sea in tankers. Traders estimate about 100m barrels of crude representing a 40 per cent increase upon floating storage levels in late March~Demand is contracting at its fastest pace since 1981. The International Energy Agency, forecasts a fall in consumption of 2.6m barrels a day this year compared with 2008Most people have then contributed it the market uptick and have said it is just tied to equities. Yet the market dropped today and the price went up $1.94 to $62.04 a barrel.Something isn't right and I want in on it.
 
I was hoping for an after-market pop in my stocks, but did not get it.

I remain VERY worried that a huge selloff is near. I think that selloff could start Friday before the extended weekend.

I have set market orders to exit my only two positions (DRYS and PRGN) at the open on Thursday.

Here is an article that I think sums up the indicators quite well:

Correction Looming?

I am going to sit on the sidelines and wait for some selloff to re-enter. I like the Dry Shippers but I think they will be punished the hardest in a correction.

 
Will the GMAC news have any bearing on a correction or is the 7.5 Billion in additional bailout money just a drop in the bucket compared to the other handouts?

 
JaxBill said:
Will the GMAC news have any bearing on a correction or is the 7.5 Billion in additional bailout money just a drop in the bucket compared to the other handouts?
Click to expand...
Well Thursday is jobless day, and here are two premarket reports from briefing.com:
08:35 am : S&P futures vs fair value: -8.60. Nasdaq futures vs fair value: -11.30. Stock futures have made a slight pullback in the wake of the latest jobless claims data. Initial jobless claims for the week ending May 16 totaled 631,000, which is above the 625,000 claims that were expected. The latest sum of initial claims marked a decrease of 12,000 from the previous week's upwardly revised 643,000 initial claims. Meanwhile, continuing claims keep climbing to record highs. Most recently, continuing claims reached 6.66 million, up from 6.59 million the week before, and more than the 6.65 million that was expected.

08:05 am : S&P futures vs fair value: -7.60. Nasdaq futures vs fair value: -9.30. Stock futures currently lag fair value by a relatively modest margin, indicating a lower start for the session. Many bank stocks are leading the downward move. Fifth Third Bancorp (FITB) has filed a $750 million common stock offering to partly fund the company's offer to exchange common shares for certain preferreds. Proceeds of the offering not used in the exchange offer will be available for general purposes. The company indicated that it believes that the offered exchange, along with other actions, will generate sufficient Tier 1 common equity to meet or exceed the $1.1 billion the company has committed to increase as a result of the SCAP assessment. Fellow regional bank Regions Financial (RF) priced its previously announced common stock offering at $4 per share, which should generate gross proceeds of some $1.85 billion when combined with certain mandatory convertible preferred stock. The common stock pricing is nearly 20% below the prior session's
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Right now it looks like if the DOW closes below 8200 in the next few days, we just might see a big drop, however, of it can close above 8700, I might start believing the recovery might be for real.
 
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David Dodds said:
I was hoping for an after-market pop in my stocks, but did not get it.

I remain VERY worried that a huge selloff is near. I think that selloff could start Friday before the extended weekend.

I have set market orders to exit my only two positions (DRYS and PRGN) at the open on Thursday.

Here is an article that I think sums up the indicators quite well:

Correction Looming?

I am going to sit on the sidelines and wait for some selloff to re-enter. I like the Dry Shippers but I think they will be punished the hardest in a correction.
Click to expand...
I'm waiting for the FAZ lovers to post...
 
Cromedog said:
David Dodds said:
I was hoping for an after-market pop in my stocks, but did not get it.

I remain VERY worried that a huge selloff is near. I think that selloff could start Friday before the extended weekend.

I have set market orders to exit my only two positions (DRYS and PRGN) at the open on Thursday.

Here is an article that I think sums up the indicators quite well:

Correction Looming?

I am going to sit on the sidelines and wait for some selloff to re-enter. I like the Dry Shippers but I think they will be punished the hardest in a correction.
Click to expand...
I'm waiting for the FAZ lovers to post...
Click to expand...
;)
 
Cromedog said:
David Dodds said:
I was hoping for an after-market pop in my stocks, but did not get it.

I remain VERY worried that a huge selloff is near. I think that selloff could start Friday before the extended weekend.

I have set market orders to exit my only two positions (DRYS and PRGN) at the open on Thursday.

Here is an article that I think sums up the indicators quite well:

Correction Looming?

I am going to sit on the sidelines and wait for some selloff to re-enter. I like the Dry Shippers but I think they will be punished the hardest in a correction.
Click to expand...
I'm waiting for the FAZ lovers to post...
Click to expand...
:bag: 400 @ 5.43 executed yesterday at 3:40 pm.

Had an intermittent internet connection yesterday, and I got some kind of stomach flu. I tried to get in earlier.

This was a complete impulse buy based on gut only...might have been a mistake, but we'll see.

ETA: sold off 500 OCNF at 1.81 at the same time for added profit of $145.

Year to Date Profit = $3285

 
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I have pulled off my market orders for now, but will be exiting today sometime to be 100% cash as well. I am still hoping for a bit of a rebound for PRGN

 
Everything opened lower across the board. Has the self-fulfilling prophecy occured or will we see a rebound intra-day or next week? Seems like everyone is predicting a market pullback right now, that's what makes me wonder if it won't really occur.

 
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