My Stock Value Strategy Starts Now (4 Viewers)

[St. Louis Bob]

UNG ROLL - This was posted on Google message board, not sure how accurate but suppose to start today.

Tomorrow begins a 4 day roll over to August contracts....

1. United States Natural Gas (UNG). Bespoke recently reported that United States Natural Gas (UNG) has seen a 77% increase in trading activity over the last 50 trading days. Marc Courtenay identified that the price of oil is trading at 19x that of natural gas at $3.7 a British Thermal Unit whereas history pegs the ratio at 10x. In other words, oil could pull back to $60 per barrel, and natural gas would need to jump 60% to reach the historical average.

I may have to get out of DXO and into UNG.

How did you do with FAZ? I missed the update.

Made a little. Then I added more DXO.

 

[BassNBrew]

BiomedReports is scheduled to conduct an interview with Dr. William Carter, CEO of Hemispherx Biopharma this afternoon. We invite you to please submit any questions you would like us to consider asking him in the comments section below this article.

Interview may cause a spike in HEB this afternoonhttp://biomedreports.com/articles/most-pop...u-vaccines.html

Will Ampligen improve my 40 time?Will Ampligen cure the liasions on my dog's junk?

Will Ampligen cure a hangover?

Will Ampligen help Otis get laid?

Will Ampligen make Dodds' weekly projections more accurate?

 

[#@%&$!?]

More HEB speculation fun. 2 Insiders just exercised 56K & 68k options shares. Now, are they hoping to cash in when approval is announced or are they trying to dump the stock before it falls back to 50 cents? Also, shouldn't these be subject to black out rules? Otherwise it'd be insider trading no?

http://xml.10kwizard.com/filing_raw.php?re...p;ipage=6376589

http://xml.10kwizard.com/filing_raw.php?re...p;ipage=6376642

 

[iowa clubbers]

6/12/2009 11:50:13 AM ET CENX BUY 900 CENX @ $7.678 Completed Executed

Puts my ave cost on 4900 shares to $7.02

 

[The Ref]

Whoooops.

All the top NYSE stocks have been halted due to a server issue.

 

[Card Trader]

back in GNVC here at .9399

 

[NajehHejan]

SPNG tanking. Grab the women and children and run for the exits.

 

[King of the Jungle]

Added 3,145 SPNG @ $.2360I now own 9,850 shares of a rapidly growing sponge manufacturer. WOOT WOOT!

Reeks of a pump and dump, but I am riding a small wager on it as well.

I'm staying away from this one.

Ha ha. I hear you. I did as much research as possible in order to uncover this company as a scam, but I am flat out unable to do so. I’m sure they’ll do something to screw me over though, like a reverse split or major dilution. We'll see.

D-U-M-P-I-N-G

 

[Harris]

Thinking about dumping all of my HEB at a loss for some SPNG...at .08 now....maybe I'll do half?

 

[FavreCo]

SPNG.OB destroyed. Nothing like playing with lit dynamite.

 

[djmich]

SPNG.OB destroyed. Nothing like playing with lit dynamite.

 

[Cromedog]

Back to .09 already...I thought about jumping in for a quick gainer, but too chicken.

 

[King of the Jungle]

I have never bought a stock under $2 and had it work in my favor.

 

[Cromedog]

SPNG back to .10, damn could have made a quick grand or two.

 

[Harris]

IN for 8,500 shs of SPNG at .104. Not much but somethign to play with.

 

[Jene Bramel]

Put a limit order in to by 10000 shares SPNG at .0900. Didn't fill all the way up through .1000. Cancelled the order and put down the dynamite.

 

[St. Louis Bob]

I have never bought a stock under $2 and had it work in my favor.

 

[Harris]

im lovin spng so far. i should have put it all in for the very short term

 

[FavreCo]

SPNG turd floating back up from the bottom of the toilet.

 

[Harris]

Already made $500 on my SPNG in about 5 minutes.....the question is when do I sell?......or do I?

 

[FavreCo]

Already made $500 on my SPNG in about 5 minutes.....the question is when do I sell?......or do I?

Maybe this will help.http://finance.yahoo.com/q/bc?s=SPNG.OB&am...&q=l&c=

 

[Harris]

Already made $500 on my SPNG in about 5 minutes.....the question is when do I sell?......or do I?

Maybe this will help.http://finance.yahoo.com/q/bc?s=SPNG.OB&am...&q=l&c=

In and out of SPNG in about 5-10 minutes....Buy: 8,500 @ .104

Sell: 8,500 @ .157

$450.50

 

[Cromedog]

Already made $500 on my SPNG in about 5 minutes.....the question is when do I sell?......or do I?

Maybe this will help.http://finance.yahoo.com/q/bc?s=SPNG.OB&am...&q=l&c=

In and out of SPNG in about 5-10 minutes....Buy: 8,500 @ .104

Sell: 8,500 @ .157

$450.50

I was thinking about buying 100,000 shares at .08 or .085 ($8,500 investment)....coulda been 7K

 

[KGB]

Dumped my gnvc for a nasty 15% loss

 

[BassNBrew]

Ouch...all of the numbers in my portfolio are red except for a massive $36 gain in HEB.

 

[NajehHejan]

SPNG back up to .18.

Dang, maybe I panicked. Oh well, screw it. I’m gonna try to trade this thing instead of holding it. Can’t believe it went from .28 to .08 in a matter of minutes. That’s some scary stuff.

 

[NajehHejan]

Already made $500 on my SPNG in about 5 minutes.....the question is when do I sell?......or do I?

Maybe this will help.http://finance.yahoo.com/q/bc?s=SPNG.OB&am...&q=l&c=

In and out of SPNG in about 5-10 minutes....Buy: 8,500 @ .104

Sell: 8,500 @ .157

$450.50

Nice job!

 

[Buckna]

Ugh, thus ends my foray into biotech stocks. Not sure what I was thinking buying these things based solely on what I thought the charts would do. Got too cocky I guess. Out:

XOMA @ $0.91 - loss of $592.85

OCLS @ $4.23 - loss of $319.96

KERX @ $1.12 - loss of $159.46

Rolled it all plus my HEB sale into a name I know and trust:

1,225 FEED @ $7.17

Now that I've sold low, I'm sure all 3 of the stocks I got out of will rebound on Monday and be up huge.

 

[Harris]

I gotta switch over from Fidelity if I'm going to be doing stocks under $1. For each share over 1,000 shares they charge me I think $0.015 because I'm only Silver status, not Gold status.

F'n Fidelity.

 

[BassNBrew]

I gotta switch over from Fidelity if I'm going to be doing stocks under $1. For each share over 1,000 shares they charge me I think $0.015 because I'm only Silver status, not Gold status. F'n Fidelity.

Just call them and ask for an upgrade. They moved me from Bronze to Gold instantly.

 

[Mark Davis]

I'll be out in Vegas all week next week. Best of luck to everyone here.

I hate being gone on options expiration day but closed those positions I considered risky. I had to chuckle a bit when I saw I had some FAZ calls I wrote at 15 and at 27 for June still out there in my portfolio. I think I'll take my last $.05/share on those expiring next Friday versus paying the commission to close those positions out. That had to be the easiest money I ever made.

 

[bigfishboy]

I have been chasing PRGN down with a sell limit that is too high, thinking it is bound to bounce at some point. I have now lost more on this group of shares (a lot larger group) than I gained on the big run up.

Someone tell me the bloodbath is nearing an end on this. The fundamentals are not that bad.

 

[The Ref]

I had $6.5K free up from some trades and wanted to put it to work over the weekend. I have the small Natural Gas position 400 UNG. I have the Aluminum trade going with 500 shares of CENX. I still have my "free" 500 of HEB.

I considered adding to UNG and CENX but I feel like I missed the move on both of these. At some point I wanted to get back into FEED, but I can't help but fear waking up and reading the China decided to kill every pig in the country due to the swine flu.

I decided to say F it, and go for a stock I have been watching for a while now. RTP - Rio Tinto. It's a $200 share so I am only in for 30, but I think it's a great company. Not only were they a recent takeover target, but I think they will be a target for years to come. I think this stock is better then owning a commodity ETF. They are into everything, Iron Ore, Gold, Silver, Aluminum, Copper, Crayons you name it. If you like the CNEX play and UNG play because of rising commodities and Hedging against the USD, this might be a stock for you.

 

[The Z Machine]

I have been chasing PRGN down with a sell limit that is too high, thinking it is bound to bounce at some point. I have now lost more on this group of shares (a lot larger group) than I gained on the big run up. Someone tell me the bloodbath is nearing an end on this. The fundamentals are not that bad.

I'm right there with ya buddy. PRGN has been getting kilt, but then again so have many of its peers.Since June 1, PRGN is off 13.5%, DRYS is off 14%, and DSX is off 12.6%. So it's not like PRGN is alone in the slide. Honestly, it looks more like a drop in BDI has taken its toll on these stocks.Thankfully I haven't been following down the curve by adding more shares. I'd love to get out of these, but haven't been able to hit an exit point that I want. The fundamentals ARE still good, but the sector is ice cold.

 

[rpreswood]

I have been chasing PRGN down with a sell limit that is too high, thinking it is bound to bounce at some point. I have now lost more on this group of shares (a lot larger group) than I gained on the big run up. Someone tell me the bloodbath is nearing an end on this. The fundamentals are not that bad.

I am still sitting on 3k shares of PRGN too at an average of 5.18. I know long term this stock is fine but but it might take a while to get back to where it was. I would cost average down some more but it is already taking up about 30% of my portfolio. Anyone have any ideas on how to play this with options?

 

[St. Louis Bob]

Big Action in Triple-Leveraged ETFs

By Don Dion

About this article:

The Direxion Financial Bear 3x ETF and Direxion Financial Bull 3x ETF were trading fast and furious yet again today, attracting an enormous amount of volume to these triple-down bets. FAZ and FAS provide 3 times minus and plus leverage on the Russell 1000 Financial Index. FAZ has attracted a significant amount of attention since the National Stock Exchange released the May fund-flow numbers and revealed that FAZ has attracted the second-greatest fund flow of any fund on the market in 2009. Second greatest! The only fund to attract more volume was SPDR Equity Gold. This kind of influx should do more than just raise an eyebrow. Although FAZ pulled in $4.6 billion in assets this year, the fund finished May with $1.6 billion in assets, suggesting that those who jumped in haven't stayed around. Since its November 2008 debut, FAZ has dropped more than 90% from...

Anybody have a subscription?Link

 

[Mark Davis]

I have been chasing PRGN down with a sell limit that is too high, thinking it is bound to bounce at some point. I have now lost more on this group of shares (a lot larger group) than I gained on the big run up. Someone tell me the bloodbath is nearing an end on this. The fundamentals are not that bad.

I am still sitting on 3k shares of PRGN too at an average of 5.18. I know long term this stock is fine but but it might take a while to get back to where it was. I would cost average down some more but it is already taking up about 30% of my portfolio. Anyone have any ideas on how to play this with options?

If you are a long term believer and really would like a chance to add some shares at lower prices you might want to consider writing some puts. I'm showing the Sept. 5 puts at a bid/ask of $1.05-$1.25/share. Let's say you get it at the midpoint of $1.15/share. If PRGN is above 5 on Sept. 18 when those expire then you pocket the $115/contract (100 shares). If PRGN is below 5 then you are buying in at $3.85/share plus commissions.

 

[analog_hiss]

Kinda in the doldrums today. A couple of days ago I shifted $7000 from my trading account to our checking account and used the money to buy this trombone four our son, paid for our daughter's dance school though June of next year, and took care of one of our trips this summer that we put on our credit card last month.

Having things paid for is great, but man, I was used to seeing that trading account around 16,000, and now it's just under 9,000. Being a tightwad, it really makes me gun shy about security purchases. Looks like I might have to do some drinking this weekend and come out swing Monday. I'll spend some time researching Saturday night and Sunday, maybe I can dig up a diamond in the rough.

Have a great weekend all!

 

[None_More_Black]

I have been chasing PRGN down with a sell limit that is too high, thinking it is bound to bounce at some point. I have now lost more on this group of shares (a lot larger group) than I gained on the big run up. Someone tell me the bloodbath is nearing an end on this. The fundamentals are not that bad.

I am still sitting on 3k shares of PRGN too at an average of 5.18. I know long term this stock is fine but but it might take a while to get back to where it was. I would cost average down some more but it is already taking up about 30% of my portfolio. Anyone have any ideas on how to play this with options?

You could sell the 2.50 calls if you want to get out. (something with time premium) You could sell the 5.00 calls for some revenue. (which you could do for June, and then again next month ect) Selling calls against stock you own is called covered call writing. You can google it. Problem is PRGN options are somewhat thin.

 

[SIDA!]

Interesting day.

Pre-market I was jumping for joy when I was able to get UNG at 14.25. It takes so much stress off you to have a position in the black out of the gate.

Sort of wish I would have bought more and also sold it off when it got up to 15 again. But I was/am afraid of missing the train leaving the station like I did on CENX.

Still stuck in NOC. I was thisclose to getting flat at the 47 level since its wearing me out.

Got stopped out of GRS at 7.85 since I was playing the 8.00 support level. Lost 64 bucks on my 200 shares.

Reentered ABG at 11.46 since its breaking out. Up about .20 cents on my 200 shares.

My account crossed the 1,000 profit mark which is pretty exciting for my baby account.

Also happy about being stopped out of GRS. Up to this point all my trades have been winners and I was curious to see how I'd react on a position that moved against me.

 

[David Dodds]

you guys are killing me with SPNG. That thing was pumped everywhere I looked on the various message boards. Glad some made some money on it, but that's some crazy investing

 

[David Dodds]

Year to Date Profit = $132,635

Last Trades Realized Gains/Losses:

Sold 5,000 HEB @2.69 - Profit = 1,750 - 24 = $1726

Holding:

12,000 CENX @ 7.11 (7.87 in After Hours)

2500 UNG @13.98 (14.67 in After Hours)

2,000 HEB @ 2.76 (2.67 in After Hours)

400 CHK @ 22.77 (24.00 in After Hours)

1,000 KERX @ 1.22 (1.10 in After Hours)

I missed out on most of the day's action, but did bank a win with HEB while adding to my CENX position. Then on hearing the Japan deal with HEB, I bought back at a higher price (oof). I like where I sit here though. Going to look to diversify out of some CENX once it breaks through $8.00 (seems soon).

 

[Otis]

Year to Date Profit = $132,635

:drool:

 

[The Ref]

My homework this weekend is to find a good sugar play. Sugar is right up there with Natural Gas in terms of long term value in the eyes of some of the perma-bears.

 

[NajehHejan]

you guys are killing me with SPNG. That thing was pumped everywhere I looked on the various message boards. Glad some made some money on it, but that's some crazy investing

I'll admit that I'm new to investing, but I've never seen a crash like that ever. If I had gone out to lunch instead of eaten at my desk, I would have had a heart attack to come back and sign on and see that thing at 8 cents. I may have taken a 50%+ hit in fear of losing 100%. I'm gonna lay low on the hard core penny stocks for a bit.

 

[Das Boot]

My homework this weekend is to find a good sugar play. Sugar is right up there with Natural Gas in terms of long term value in the eyes of some of the perma-bears.

Looking forward to learning a little more about this.

 

[SIDA!]

So, we are at the end of the week and I thought it might be kind of interesting to get into a more philosophical discussion and flesh out what our trading rules and criteria happen to be. Or just general oberservations about our pesonal trading experience. Might be a worthy exercise that may allow us to learn from others to improve our trading game.

My number one rule is to cut my losses and preserve capital. I have a small trading account and am doing my best to not risk more than 3% tops on any one trade. That gives me $150 of room to maneuver. And I am really trying to keep it at 2%.

Thus, on a 200 share position, I am giving myself 50 cents of breathing room. In order to accomplish this, I am forced to be very disciplined on my trade entries. As with CENX, it can really be frustrating as I miss out on a stock that might get away and then I am too stubborn to get in and enjoy the ride.

While watching the discussion of PRGN and CENX, I marvel at those that can jump on board after a stock has made a decent move. So, far I am having a difficult time buying strength.

I have done seven trades since I started trading again. Of the seven trades, all closed the day above where I bought it or below where I shorted it. Even the trades I opened and closed on the same day closed in better position.

I am very pleased with this.

The major thing I am not pleased with is my tendency to kick myself for missing out on getting in the trade I really want and then jumping into another trade that although I think has a decent prospect of succeeding isnt my top choice. I am also trying to get over the mental hurdle of having a bias towards the market in general and yet putting that aside when it comes to individual stocks. If I see a stock developing a bullish pattern, I have been hesitant to enter due to feeling that the market as a whole is due for a correction. That has cost me a lot of money.

All my trades have been strictly based on reading the charts with a heads up on any news events that might be worthy of paying attention to.

That is all for now. But I would really like to hear othes share some insights into their thought processes on entering and exiting trades.

 

[David Dodds]

My strategy on entering and exiting stocks:

1. Find a stock/commodity that I believe to be underpriced.

2. I try to assess "fair value" of this asset.

3. Generally my plan is that I want to purchase stocks that are 10% below fair value. For me I like to buy approximately $6K-10K worth of stock as an entry position. I then react to it's stock price (adding when it drops) to lower my costs.

4. I generally like to exit my position with a 5-8% gain.

5. I follow the level II really close to determine resistance levels to buy and sell as well.

so take CENX for instance (my latest venture). I am convinced Aluminum is way underpriced. SIDA alerts me to this stock. I look at the year chart and it's way down. YTD chart is also down, but recoverying. It's clearly a hedge against the dollar so it looks to be way too cheap. Earnings suck and Aluminum stockpiles are awful. But that info is very priced in already. I determine that this stock should be trading at close to $9 right now. 10% off that puts this thing at around $8.10. But I can buy at $6.61 so I do. and as this thing starts to propel up, I am looking for any dip as an excuse to get a few more. So I keep buying on the dips. In 2 days it is up strong at $8.00. Typically I would just sell here. But I waited. Stock heads down. Watching the Level 2 screen, 7.42 looks like a bottom and I get some there. A few minutes later $7.35 looks like a bottom and I add again. Now at 12K shares I am looking for an exit point. If I can get my $8.10, I will sell all of them for sure. But honestly with so much volatility the last few days, I think anything above 7.85 is a great price as it looks like there will likely be opportunities to add more below that.

Another example. Right now PRGN is 4.60 in the aftermarket. I actually think their "fair value" is closer to $5.15. 10% off that though puts us at $4.63. So this seems like a fair deal to me, but not a great one. We all know they will be diluting these 10M shares for a bit. and the dividend won't come up until August 9th or so. BDI has also stalled quite a bit and the entire sector has diluted themselves so much that people have abandoned this sector. So although I think people will make money buying and holding PRGN here, I think the smart move is to just sit on the sidelines and wait for a big market correction day where this sector gets pummeled. If the NASDAQ drops 3-4% on a day, this sector might lose 8-9% across the board. And then the deep discount (buying into such a well-run company) makes complete sense. Once I buy, I will then add at a lower cost and look to sell at the 5-8% gain.

 

[BassNBrew]

My strategy....

1. Do what Dodds does.

2. Pocket a nice profit.

3. Pee it away on FAZ.

4. Rinse and repeat.

 

[Otis]

My strategy....

1. Do what Dodds does.

2. Pocket a nice profit.

3. Pee it away on FAZ.

4. Rinse and repeat.

This kills me. I'm just barely breakeven over the past month or two of trading -- because I've given away thousands in gains, and then some, to the FAZ dragon. We should just add FAZ to the language filter so nobody can ever discuss it here again.