PatsWillWin
Footballguy
People sticking with HEB?
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My Stock Value Strategy Starts Now (2 Viewers)
- Thread starter David Dodds
- Start date
parasaurolophus
Footballguy
I only have 200 shares will hold till they are worth 2000 or 0.
David Dodds
Administrator
I stupidly have 3,000 shares still
Random
Footballguy
500 "don't care how low it goes" shares. In it till 10 or 0.
Mark Davis
Footballguy
Looking at covering my Jul 89 GLD put here and writing a Aug 87. Good chance the way GLD is moving I still take possession in August. In addition to the $200 I'd save in my entry point, whether it makes it or not I'll get about $40 in the trade.
David Dodds
Administrator
I may hate what this company has done lately, but cmon...this is getting insane....I bought 1,000 FEED at 4.31 here...LOL
David Dodds
Administrator
Bought 4,000 PRGN at $3.34.....I can't stay away at these prices.
David Dodds
Administrator
and added another 5,000 FREE at 1.88.....I hope I am not wrong...LOL
parasaurolophus
Footballguy
my sell order hit at .60 when i was trying to free up cash for ddss yesterday or the day before. So I still had a gain.
David Dodds
Administrator
I stupidly only dumped half....I will double my position if it goes to 45 cents. I still think the govt saves this bank. They need new management in a big way
David Dodds
Administrator
OK I am done today...and possibly done for a good while. Crazy market for sure. Hopefully this isn't just the start of a huge crater where every day is further down. I am just having trouble passing on the Shippers at these prices. Hell the dividends alone make these purchases great value. I will hold until early August or possibly even through earnings should it take that.
PatsWillWin
Footballguy
I feel like you say this a lot.
David Dodds
Administrator
Got one more I did not think I would get.....added 3,000 SBLK at 3.14....Giddy over how cheap I got all of the Shippers today. Buying into the face of fear - It's either going to be brilliant or cost me a fortune....
Otis
Footballguy
So trueEveryone is in a panic this week.
Im holding the course with 15,000 shares of PRGN. I can stomach the low $3's. Im not sure what Ill do if it dips below $3. But at $3 the dividend will be almost 7% and the P/E ratio will be approaching 1.0.
Also at that point the cash per share will be almost more than the share price (after dilution). I have only seen that once in my life and the stock tripled in the next 3 months following that. (It was WTSLA in Aug of 2004).
Im holding the course with 15,000 shares of PRGN. I can stomach the low $3's. Im not sure what Ill do if it dips below $3. But at $3 the dividend will be almost 7% and the P/E ratio will be approaching 1.0.
Also at that point the cash per share will be almost more than the share price (after dilution). I have only seen that once in my life and the stock tripled in the next 3 months following that. (It was WTSLA in Aug of 2004).
David Dodds
Administrator
This selloff is the weirdest thing I have seen in the markets for awhile. Look at how great PRGN, SBLK and FREE earnings were. All are super stable and will have similar great earnings this quarter. Yet these stocks have been mauled this past month. The BDI really does not affect any of these ships much. It affects FREE the most but the smaller ships have held their spot rates. Both PRGN and SBLK lock down longer term rates. If these purchases someone lose money by the time I sell in August, then the whole market has to be a ton lower. I suppose that's possible, but things feel oversold in the stocks I like. I am going to wait this out now that I have trenched in a bit.
siffoin
Footballguy
DDG & SBB are nicely profitable. PUI is pretty flat.I got DBB Oct 15 puts @ $1.20...now @ $1.475DBC Oct 22 Puts @ #1.35 now @ $2.05DIA Sep 82 Puts @ $3.40 now @ $4.35Beginning today I have a 4 day match play golf tourney...and I've put some trailstop orders in because I can't watch the market. I HATE TO DO THIS...but I'm not going to let these gains get away from me.Here is the BIGGIE:SP500 has rolled over on daily charts. The QQQQ if it closed below $34.50 will roll over today. DIA rolled over end of June. This is confirming the daily trend is down on all 3 major indexes. Long plays are swimming against the current. If you own long stock...and want to keep it...this is the place you write ATM calls.So here is where we are atBargains. Really?I guess where some people see the so-called "green shoots" in the economy as a positive...the "green" I see sprouting up are noxious weeds.These days, be careful of what the whores and shills of wall street have to sell.I have 3 on-going trades made a few days ago.DDG at $61.97...now at $63.50PUI at $13.86...now at $13.86SBB: at $50.30...now at $50.85.Taking positions today inIA, DBB and DBC via puts (Oct and Dec).Reviewing Pro and Powershare etfs. The following are now on Daily Sell Signals
XR, PEF, PBD, PMNA, DBB, DBC, PAGG,PSAU, PSTL, PDP, PPA, PUW, PJB, PHB, PXI, PXE, PRN, PBS, PXJ, PMR.MANY MANY OTHERS CLOSE TO ROLLING OVER.SPY and QQQQ are range bound...right now bias is to the downside...on a daily chart. DOW is a SELL.Summer time is often traded in a range. So I'm not very comfortable being on the short side.Most likely going to be closing up "shop" in an hour or so. Then it is golf for about 10 straight days.
aily Chart= DownWeekly Chart= UpMonthly Chart= DOWNWhen I get back tonight...I'll be looking at the short ETF plays...and likely begin to take positions there.Granted my style is different from trading intraday bounces for pennies...but what I am saying is in general the trend which has been up since March is not only turning but turned.Good luck.
R 2 D 2
Footballguy
Spidey said earlier you should cash out before hitting $150k. Did you make it???
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This is LJ
Footballguy
Liquidated nearly 18k$ worth of stocks. Sitting with ony 5k on the table. Out of Feed on a major loss, still in PRGN and HUN. HUN really wants to go up but is under a lot of pressure. With any news this puppy is going to explode upwards. PRGN I'm only holding because of a 3.31 support. If it crosses, I'm out. Cut my exposure to a couple of tankers today.
Mr. Pickles
Footballguy
I assume we're all reaping the benefits of a FAZ-rich portfolio, no?
David Dodds
Administrator
dumped the rest of CNB at 0.50...Maybe it rebounds, but this thing was bleeding pretty bad.
David Dodds
Administrator
Nope and I am taking huge losses today. Year is not up though.
The Z Machine
Footballguy
I'm gonna dump some more funds into my trading account because I can't stand not having the $$ to cost average down at these prices.
Otis
Footballguy
Otis
Footballguy
This selloff isn't weird at all. Remember your concern a week or so ago that the market was turning downward? It's happened, as Siff points out above. The head and shoulders are confirmed, the reversal is here, and we're on our way back down. Who knows how far.My buddy suggests that health care/pharma will be most resistant to the plunge. However, Siff's strategy of the ETF shorts sounds like a smart move to me. I'm carefully considering.Siff, which are your favorites?
PatsWillWin
Footballguy
I'm no expert, but here's a free tip for you, Siff, in case you were thinking of answering.
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siffoin
Footballguy
After carefully looking at my charts...Otis here is what I really think.We are in the process of bottoming right here and now. Everyone predicting a sell-off...it's over!
For safety, I'd take positions in QLD, DDM and SSO.
FAS looks solid too. In fact a lot of the 3x Bull funds are looking pretty sweet. I'm licking my chops. Do not miss this boat!
To the Moon baby!
New highs. Dow to 20k within 2 years. 50k in 5. Green shoots are popping up all over this economy.
If you could only see me, I'm honking my "Mad Money" clown horn and pressing my Whiz Bang Buzzer....stomping around my office and blasting the theme song to Happy Days.
Otis
Footballguy
Why do you hate Otis's bank accounts?
St. Louis Bob
Footballguy
St. Louis Bob
Footballguy
NYG Endzone
Footballguy
SCO is up almost 40% in the last week. Wonder how long it will last.
bigfishboy
Footballguy
I have been holding 200 shares of FAS, waiting for it to get to $30. This is not what I was expecting.
Mark Davis
Footballguy
I may regret this but I'm moving my 401K to the money market. The market risk/reward here just doesn't seem to good to me right now. I wish I had done this a month ago when I first considered it. I even initiated the process and didn't confirm the change over.
KGB
Footballguy
Even you can't otisfy it.Oh yeah?
Mr. Pickles
Footballguy
For true?I would never chase FDA approval. Ever.
Otis
Footballguy
I can only show you the door. You're the one that has to walk through it.
optionmaven
Footballguy
We all had those premonitions. Don't beat yourself up over it though. Learning to trust intuitions is hard to do. Let me precursor my next statement with this. I LOVE THIS THREAD!!! Sometimes, it seemed i was getting caught up with the hoopla of it though. Probably got a little too enthusiastic and overzealous with my plays. Time to be more prudent and calculated.CME (no position) clobbered over 21 points today. BIDU at a level i would normally jump at. GOOG still over 400 despite all this bloodshed (puzzling).
This is LJ
Footballguy
Otis- I actually came in here looking for a few short etf picks. Putting in an order now for SMN (Ultrashort Basic Materials), looking for a good short on retailers and industrials.
Just got a short order for alcoa in before close.
rayer:
EDIT2: Oof. Still not that crazy of a upward move. Sales down from last quarter. Aluminum prices up 9% QoQ, so good news for CENX owners. Could set the tone for a rally tomorrow, but IMO its going to be of the dead cat variety. I'm increasing my short position if we get a nice spike up tomorrow. Still convinced that the quarterly trend is down.
EDIT3: Ouch. They're saying global demand down 10% in the second half of 09 excluding china. I might hold on to this short for a while.....
Just got a short order for alcoa in before close.
rayer:EDIT2: Oof. Still not that crazy of a upward move. Sales down from last quarter. Aluminum prices up 9% QoQ, so good news for CENX owners. Could set the tone for a rally tomorrow, but IMO its going to be of the dead cat variety. I'm increasing my short position if we get a nice spike up tomorrow. Still convinced that the quarterly trend is down.
EDIT3: Ouch. They're saying global demand down 10% in the second half of 09 excluding china. I might hold on to this short for a while.....
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iowa clubbers
Footballguy
Agree. I'm also holding the course with my 14,000 shares at $3.68. Regretting not following Dodds move to get out of PRGN (as he was kind enough to share his moves). Would feel pretty good to have re-entered at this level...Even though this may be a time for opportunities, I'm not putting anymore $ into the market for now. Gonna ride this one out for better or worse...Still holding 2000 shares of HEB. I hope Otis' feeling is correct on approval.
