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My Stock Value Strategy Starts Now (1 Viewer)

Double down my CENX postion at $7.04. Could have gotten in at $6.97 but I wanted to see some resistance on the down side first. I suspect that it will blow back thru the lows but I'm comfortable at this buy point.

 
guru_007 said:
any news on HEB?I have a small position which I'm really not fond of right now. It seems like this stock is being artificially priced higher by hype - and the prospect of FDA approval. I can't seem to find anything of value - is this thing still alive?
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did get out of HEB at $2.65 - $.10 loss x 500 shares = bump in the road.edit - actually looked at my trade confirmation and sale was made at $2.68, so that's not awful.Looking strongly at CENX right now. May venture back into UNG again too.
 
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Wow Dodds first bad day (so far) for you in at least a month.

Im still hanging on GE (big dividend coming Thursday), hopefully by then CENX/UNG will be ultra-cheap.

 
wow I step out to get my car serviced and CENX tanks badly. I am now at the dealership and online. I think I am going to add here as I just can't believe these prices at all.

 
Closed my wifes UNG trade. She did good..bought last week @ $13.92 sold today @ $15.55.

Closed the SLV syn stock from yesterday @ breakeven.

 
Sold 1000 shares IO @ 3.20 for a gain of $180 after commissions.

YTD profit: $8102

Going to sit for a bit before moving into anything.

 
OK added 3,000 CENX at 7.03.....BLEEDING, but am a believer in Aluminum here. I am glad I dumped the first 12K shares of this towards the top.

 
In the process of closing positions wherever I can to get into cash. I'm just a newbie to this stuff, but this feels different than the last two mini-pullbacks since March.

 
OK this defines an extreme position....In for 12,000 shares of CENX @7.38 now. I am going to set a stop loss for 8,000 shares at 6.00 here. I think this should rebound, but I never thought it would get this crazy. Interesting day with CENX. High of 8.09 and low below 7. All on no news. I might be forced to hold this a bit (or hell it could pop back up in after-hours...lol)

 
I really hope this isn't the beginning of the market meltdown folks have talked about. :fingerscrossed:

 
David Dodds said:
added 1,000 PRGN at 4.23
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PRGN bouncing off the 50 day MA, which is at 4.22. If it closes below this, could be a total breakdown. Otherwise, it could respect it and bounce off. Critical point here.Note that it's failed to stay above the 200 day MA a couple of times recently. But if there's a good time to buy it, looks like it could be now.
 
Jene Bramel said:
In the process of closing positions wherever I can to get into cash. I'm just a newbie to this stuff, but this feels different than the last two mini-pullbacks since March.
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It feels different because it is different. This is a true market pullback, not a dollar caused pullback.
 
FavreCo said:
In case anyone missed Cramu's rant last night, (I always like to tune in after a big selloff - entertainment purposes), well, he 'KNEW THIS SELLOFF WAS COMING MONDAY' on Saturday. Seems he picked up his paper and looked at some chart that had the 30 day MA or 10 day MA crossing the 50 day MA and he knew that meant bad news. Too bad he didn't notice it was about to cross over on Thursday and did cross Friday. He was too busy screaming buy everything. On top of that, he didn't warn his lemmings either. He let them all ride it down all day before coming out after hours and proclaiming that he knew it was going to happen.

Now, did he notice this 'event' on Saturday? No, he watched the markets tank all day and had to dig up some reason on Monday's show. Valid reason for the selloff or not, Cramu had no idea this was coming. His lemmings continue to follow.

BOO-YAAAAHHHHH!!!!!!!

Kinda funny because if I'm reading this article right, it's just the opposite of what Booyah boy was blabbering about last night.

http://finance.yahoo.com/news/Flipflopping...set=&ccode=

Double BOO-YAAAAHHHHH!!!!!
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Alot of people don't care for the guy. Me personally, I like him. I don't mind the screaming and "show" he puts on. The way his peeps follow him is crazy. One of the main reasons i came out with puts against my BAC position was cause he was touting it again. Watched it run up like clockwork in afterhours. Have watched my long position lose 30%, while my puts have gone up that much. Plan on dumping the puts tomorrow. The other one he toutd on the same day was huntington bank (hban). Watched it run up like a maddog after hours too. Its just crazy. ONe play i made on his recommendation was FNFG (first niagara financial group) and it was a small position. The first time in a long time I am going to watch an option expire worthless. -400.........fnfg.

Anyway, his books are decent reads and i would never follow anything without doing some work of your own ...... lest you be fnfged.

 
Weird day. I banked huge wins, but now am upside down in a lot of holdings. And I am deep in the market at a time where we could be facing a pullback...But unwilling to dump what I have at losses as I like all of these stocks.

Year to Date Profit = $145,094

Last Trades Realized Gains/Losses: +$9,164

Sold 12,000 CENX @7.82 - Profit = $8,490 - 30 = +8,460

Sold 2,000 CENX @ 7.85 - Profit = 260 -12 = +248

Sold 4,000 KERX @ 1.09 - Profit = $160 -12 = +148

Sold 1,000 FEED @ 6.39 - Profit = 320 -12 = +308

Holding:

12,000 CENX @ 7.38

400 CHK @ 22.77

1,000 FEED @ 6.02

5,000 UNG @ 15.99

1,000 PRGN @ 4.23

1,000 HEB @ 2.58

 
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BR33ZE said:
Time to go to cash again?
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NASDAQ was only down a little over 1%. It just seems like it hit our lot of stocks hard. But most of these were flying today too. I am expecting a nice bounce in the morning on most of these. Maybe I am just hopeful though. Regardless I will likely sell some UNG and CNEX to soften my stances in Aluminum and Natural Gas. Hopefully these both don't open way lower as that is going to sting.
 
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Had a really crappy day today.

Got stopped out of ABG after fighting it. Lost about 200 bucks on it. Farted around with XOMA. Don't know why. That less cost me 70 bucks.

Watched NOC trade down. OF COURSE!

Then...I mistakenly bought 600 shares of CENX at 7.39 instead of 300 shares.

So, today I lost 200 on CENX.

The only thing I did right was short CCOI up at 8.87 on the open. Bought it back at 8.60.

So I am down from about 1500 in profits to 1100. And I am supposedly bearish! Ughhh.

The icing on the cake was learning that scottrade considers me a day trader now because I opened and closed four trades on the same day in the last five days. So now I'm a cash account for 90 days.

Now I need to find a new broker so I can get back to a margin account.

 
Uh oh.

According to ABC radio news: "President Obama says the economy will get better but not before it gets a little worse. He expects this month's unemployment rate to break through 10%".

This can't be good for the market. Can it?

 
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New (6/16/09) SEC filing (appears to be more of a followup to their latest filing) for HEB

We filed an NDA with the FDA for treatment of CFS on October 10, 2007. On December 5, 2007 we received a Refusal to File letter from the FDA as our NDA filing was deemed “not substantially complete”. We responded to the FDA’s concerns by filing amendments to our NDA on April 25, 2008. These amendments should allow the FDA reviewers to better evaluate independently the statistical efficacy/safety conclusions of our NDA for the use of Ampligen® in treating CFS. On July 7, 2008, the FDA accepted our NDA filing for review. However, there are no assurances that upon review of the NDA that it will be approved by the FDA. On February 18, 2009, we were notified by the FDA that the originally scheduled PDUFA date of February 25, 2009 has been extended to May 25, 2009. On May 22, 2009, we were notified by the FDA that it may require up to one to two additional weeks to take action beyond the scheduled PDUFA action date of May 25, 2009. We have not heard from the FDA since then.

USE OF PROCEEDS

We will not receive any proceeds from the sale of the shares of common stock offered by the selling stockholders. We will receive proceeds from the exercising of the Warrants, if any. We will apply such proceeds, if any, to fund commercialization of Alferon® and Ampligen® along with general corporate purposes, which may include working capital, capital expenditures, research and development expenditures, regulatory affairs expenditures, clinical trial expenditures, acquisitions of new technologies and investments, and the repayment, refinancing, redemption or repurchase of future indebtedness or capital stock.
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http://www.sec.gov/Archives/edgar/data/946...52526_posam.htm
 
bd3521 said:
New (6/16/09) SEC filing (appears to be more of a followup to their latest filing) for HEB

We filed an NDA with the FDA for treatment of CFS on October 10, 2007. On December 5, 2007 we received a Refusal to File letter from the FDA as our NDA filing was deemed “not substantially complete”. We responded to the FDA’s concerns by filing amendments to our NDA on April 25, 2008. These amendments should allow the FDA reviewers to better evaluate independently the statistical efficacy/safety conclusions of our NDA for the use of Ampligen® in treating CFS. On July 7, 2008, the FDA accepted our NDA filing for review. However, there are no assurances that upon review of the NDA that it will be approved by the FDA. On February 18, 2009, we were notified by the FDA that the originally scheduled PDUFA date of February 25, 2009 has been extended to May 25, 2009. On May 22, 2009, we were notified by the FDA that it may require up to one to two additional weeks to take action beyond the scheduled PDUFA action date of May 25, 2009. We have not heard from the FDA since then.

USE OF PROCEEDS

We will not receive any proceeds from the sale of the shares of common stock offered by the selling stockholders. We will receive proceeds from the exercising of the Warrants, if any. We will apply such proceeds, if any, to fund commercialization of Alferon® and Ampligen® along with general corporate purposes, which may include working capital, capital expenditures, research and development expenditures, regulatory affairs expenditures, clinical trial expenditures, acquisitions of new technologies and investments, and the repayment, refinancing, redemption or repurchase of future indebtedness or capital stock.
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http://www.sec.gov/Archives/edgar/data/946...52526_posam.htm
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so is this good news or bad news?
 
I am likely going to be pretty inactive here. About to leave town for a bit and upside down in UNG and CENX. I just like both of these stocks in the mid-term too much to panic sell out of them. If CENX can rally today, I likely would dump it and get deeper in UNG. I am hoping to sell PRGN and FEED at wins today too. I possibly will look to lower my positions in both UNG and CENX for some loss though. Felling way too over-exposed in thos market this second.

 
Cromedog said:
Market not looking good in early pre-market for us longs...
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If today is not a 100+ day on the dow, I am considering doing what i already did 3 weeks ago. Selling off 60 -80 % percent of my portfolio regardless of position (up 30, down 50, whatever). Man, if i had just stayed the course with the saying "sell in may and go away" would have saved myself over 1500. I'm hoping, again hoping, that i will be able to make a new saying......or add to the old one. "sell in may and go away, but come july its time to buy."
 
Can anybody explain to me why STSI is trading so low? I realize they lost their lawsuit, but its not like thye have to write a check today. They were the plaintiff. Any chance this thing is back up within like a week? It closed at 4.21 and has been as low as .72 in after hours.

 
springroll said:
Can anybody explain to me why STSI is trading so low? I realize they lost their lawsuit, but its not like thye have to write a check today. They were the plaintiff. Any chance this thing is back up within like a week? It closed at 4.21 and has been as low as .72 in after hours.
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Gonna take a chance that i'm right with what the market does today. Buying 1 option (BIDU) of the June 290 calls for 5.50. Buying 1 option (CME) of the June 330 calls for about the same price, up to 6 if need be. With 3 days to expiration, pure gambling.edit: quoted the wrong post. To springroll, i know nothing of the stock you mentioned. If, they were shorting into the rumor, they might be buying back into the news. Still, thats some scary ####.
 
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Really nice rally going on with UNG right now. This got as low as 15.20 in the Pre-Market, but it's now at $15.59. This is still off from where I purchased it, but I feel a lot better that I am going to recover in it and CENX today

 
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