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My Stock Value Strategy Starts Now (2 Viewers)

and out of 5,000 CENX for a small profit here (sold at 5,000 at 5.35). These waters feel so choppy that I just want to get a lot more money out of the market plus Alcoa announces tomorrow and many think it could get brutal.

 
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Can someone pls PM me when CENX and PRGN are in the 7-8 dollar range.

My stock philosophy has always been to go down with the ship and jump off just before it re-surfaces.

Why does the market hate me? :confused:

This is why I just wanted to give my money to Siffion so, he could spin some Bi-Level, Double Edged, Can't Fail Super Straddle Options on these things.

 
Cutting my losses at CHK and UNG. Both are down every day. aargh. This one is going to sting.

Sold CHK @ 17.57 and UNG @ 12.41....a sizeable thrashing there for me.

 
David Dodds said:
Mose said:
Are you buying FREE, David?
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yes I but in an order to buy 5,000 shares at 2.02 here - corrected I got all 5,000 shares
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I think these guys are going to have great earnings because they have been playing the spot market (closer to BDI rates). They have the super small ships that have held up well in this market. I will be floored if this stock doesn't take off as we approach earnings (August 26th I think)
 
David Dodds said:
beee said:
Right now the consensus opinion from the experts I know think the market is getting ready to go into some kind of freefall in a week to 10 days from yesterday (July 6th). Will it happen? I'm trying to figure out if there's any major news events coming in around that time frame that would set it off for confirmation. Typically these things happen around very bad news of some kind. Could be as simple as all the major indices falling decisively under their 200 day moving average.
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I feel like this coming drop is mostly already priced in:McClellan Oscillator

I am not saying we can't have a huge selloff, but if it happens be ready to buy as I think the market will rebound quickly from it.
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You know it might rebound quickly. I think that's certainly possible. I'm interested in seeing the economic data that comes out next week though to get a better idea.
 
Just a guess here but if the inflation numbers that come out next week surprise to the downside, it may cause a lot of investors to question the effectiveness of the entire reflation effort and thus valuations in the markets. Part of what we're seeing this week could be people getting out before the news. That in turn would cause Obama to begin to try to gin up support for the second bailout.

 
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beee said:
Just a guess here but if the inflation numbers that come out next week surprise to the downside, it may cause a lot of investors to question the effectiveness of the entire reflation effort and thus valuations in the markets. Part of what we're seeing this week could be people getting out before the news. That in turn would cause Obama to begin to try to gin up support for the second bailout.
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From what i've heard only 10% of the first stimulus has been spent and they are already pushing a 2nd stimulus?
 
Lupe said:
beee said:
Just a guess here but if the inflation numbers that come out next week surprise to the downside, it may cause a lot of investors to question the effectiveness of the entire reflation effort and thus valuations in the markets. Part of what we're seeing this week could be people getting out before the news. That in turn would cause Obama to begin to try to gin up support for the second bailout.
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From what i've heard only 10% of the first stimulus has been spent and they are already pushing a 2nd stimulus?
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I find it fascinating for the reasons/reasoning people attribute the market going up or down to be.
 
I don't really like the interface in which my bank displays all of my investments and such. Especially with it converting all of my US stocks into Canadian funds as I have no clue how its really doing as I have to factor in the exchange fluctuating and not knowing what I paid CDN per share. Is there a good website or portfolio software I can use to track my portfolio by inputing how many shares I own and what I paid?

I jumped on the PRGN and FREE bandwagon as well. Hoping for the best come August.

Thanks,

 
RE: Halting UNG

Could someone translate this article for me. I have most of my IRA in GLD (mentioned in the article) and SLV and would like to know if this means anything I should be aware of.

 
wow that sucks about UNG. I got out today before this. I just bought 2,000 shares of HEB at 2.25 being the sicko I am. I am guessing it's still heading lower though.

 
Sold my 300 shares of UNG at 12.25. What a bunch of BS.

Bought at 14.15, watched it touch $16 before reversing and trickling all the way down below past previous dips.

I'd been looking for a mini-bump to dump this, and thought I had it about 90min ago. Now I just don't know if I can trust what's going on, and don't see any signals that it's ready to reverse trend.

UNG = UGH

 
In a sick and twisted way, I found this post on Google to be kind of funny.

HEB has been doused with kerosene and now we're just waiting for the

FDA to light the match.

 
We just knocked out the 887 technical for the S&P. Now all thats left is the 880. I think we get a dead cat bounce sometime, hopefully tomorrow, and then :bye:

If we're down to the 880 and change with good volume, I'm liquidating 75% of my portfolio. The computers have this technical locked in.

 
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This is LJ said:
We just knocked out the 887 technical for the S&P. Now all thats left is the 880. I think we get a dead cat bounce sometime, hopefully tomorrow, and then :bye:If we're down to the 880 and change with good volume, I'm liquidating 75% of my portfolio. The computers have this technical locked in.
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I'm curious. What is so special about 887?
 
I think I am just going to forget about my portfolio for a few days. I feel like I have some bargains unless the whole market skids to a halt. But it seems stupid to chase it lower here. PRGN at $3.43, SBLK at $3.32, FREE at $1.96. Insane valuations from where I sit.

 
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siffoin said:
This is LJ said:
We just knocked out the 887 technical for the S&P. Now all thats left is the 880. I think we get a dead cat bounce sometime, hopefully tomorrow, and then :bye:If we're down to the 880 and change with good volume, I'm liquidating 75% of my portfolio. The computers have this technical locked in.
Click to expand...
I'm curious. What is so special about 887?
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200-day moving average (non-exp)EDIT: Any idea how to trade after hours on etrade? w/o power e-trade
 
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What kind of stop limits is everyone putting on PRGN ? I lept into this bag at the wrong time, and have set a stop limit of 10% under my cost to be on the safe side. I'm thinking that if this breaks resistance, and goes as low as 3.30, I'm not interested in risking the ride.

 
optionmaven said:
BR33ZE said:
Buckna said:
I've finally got the ability to short, anyone got any ideas for stocks?Although I'm starting to think maybe just short everything we've been buying the way these last 3 weeks have gone. :cry:
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This is a great idea three weeks ago.
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Just Short Everything. Stock symbol JSE. It will be the new faz. Though it might not be a bad plan of attack for short term gambling.
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JSE on the rise again. The only move i've made recently that is working are my puts and calls on SDS, SKF, and QID. Started account with 10k. moved it to 30k pretty easily. gave away almost 10k even easier. Licking wounds and waiting for a good spot. still holding onto a double up but disappointed in myself for not getting out earlier. Live and learn. WE MOVE ON.
 
This is LJ said:
siffoin said:
This is LJ said:
We just knocked out the 887 technical for the S&P. Now all thats left is the 880. I think we get a dead cat bounce sometime, hopefully tomorrow, and then :bye:

If we're down to the 880 and change with good volume, I'm liquidating 75% of my portfolio. The computers have this technical locked in.
Click to expand...
I'm curious. What is so special about 887?
Click to expand...
200-day moving average (non-exp)EDIT: Any idea how to trade after hours on etrade? w/o power e-trade
Click to expand...
Got it.A while ago I shied away from using the typical indicators...but I rely on MAs. So last year I wrote some code that would create a moving average that would "adapt" not only considering time frame but also volume/momentum.

Here is a very simple picture of the SPY on a daily chart with a couple of my customized indicators.

Price bars are either red or green. Red when the market is bearish...green when bullish. The adaptive moving average (blue line) helps to confirm the trend. So if price bar is green and price is above the blue line you have a daily buy. As seen from March 18-June 16. Though price bars are still green...we are below the Adaptive MA...(saying very very simple terms) the market is neither bullish nor bearish. For reference the 200 Day MA is the yellow line.

http://picasaweb.google.com/steelhedge/Stt...817838707795474

Good trading to you.

 
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I am inches from dumping everything in the morning here and just watching the market from the sidelines. Yes there looks like a lot of bargains, but if the market keeps shedding 2% a day, there could very well be a ton better spots in a few weeks or until some bottom has been established here. It just feels like all the news is negative right now and I am doubt many 2nd quarter earnings reports are going to change that view anytime soon. When everything looks too cheap and keeps dropping, the sucker is the guy buying more and more (and that has been me the last 2 weeks). I have a big win banked for the year. No need to get stupid here chasing a market that clearly does not have an upward slant this second. If I knew the market indexes were headed south, I clearly would sell. We have been in a holding pattern for awhile now, but nothing looks like it wants to break upward to me at all.

Going to sleep on things, but I think there is a strong chance I take my lumps in the morning and go back to close to 100% cash. I may just hold smaller positions in the Dry Shippers (PRGN, FREE and SBLK) as they seem very safe at these levels.

 
I'm not cost averaging down anything I hold now. I'm just holding it until it comes back up, however long that may take.

 
DRYS was upgraded bigtime:

DryShips Raised To Outperform From Underperform By Credit Suisse - Briefing.com >DRYS

Hopefully that pulls up the much better PRGN.

Also Capesize was down big (PRGN owns none of them)

Baltic Exchange Dry Index 3107 DOWN 109

BCI Baltic Exchange Capesize Index 5336 DOWN 331

BPI Baltic Exchange Panamax Index 2897 DOWN 20

BSI Baltic Exchange Supramax Index 1749 UP 25

BHSI Baltic Exchange Handysize Index 766 UP 7

 
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Took some drastic (costly steps this morning to reposition things).

Dumped 15K shares of CNB at 0.55

Added 10K shares of FREE at 1.90 (some at 1.88...WTF? - I will go down with the ship if I am wrong about these guys)

Sold 10K PRGN at 3.52

I have a sell in for all 13K of COIN at 1.05 (sold some already)

Sold 500 FCG at 11.50

 
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