This is LJ
Footballguy
FAZ just cruised below critical support. ### #### you Whitney. Got out at 51.43. Still like it, though I'm not sure its a good idea to try and play this through earnings anymore.
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My Stock Value Strategy Starts Now (2 Viewers)
- Thread starter David Dodds
- Start date
David Dodds
Administrator
slowly selling off my SBLK at 3.33. I think that price is still too low, but just want to be less exposed in this market. I suspect there will be great opportunities to buy FREE, PRGN and SBLK going forward. Added another 1280 FREE at 1.86. Moved my price to $1.87 now
David Dodds
Administrator
I got 1520 too quickly at $1.87. I am going to wait a bit longer before reloading with another FREE buy. Hoping to walk this up to at least $1.90 today. Looking like I will sell all 9,000 SBLK at 3.33 today.
Mark Davis
Footballguy
Looks like I should have waited until today to move that 401K to cash. 
PRGN has ended dilution and is now passively looking at buying opportunities:
This is great news in my mind. $5 by August 5th.
http://www.hellenicshippingnews.com/index....2&Itemid=93
This is great news in my mind. $5 by August 5th.
http://www.hellenicshippingnews.com/index....2&Itemid=93
David Dodds
Administrator
sold 9,000 SBLK at 3.33. Profit = $540 - 24 = $516. More importantly though I freed up a lot of cash in this crazy market.
David Dodds
Administrator
I think the thing that could hold back a lot of these Shippers now is that it stayed so low for so long. Many people are into this stock cheap which means we we might max out closer to $4.25 or $4.50 instead of $5. We also need the overall market to at least remain steady until August.
St. Louis Bob
Footballguy
CNB .60 , next stop $13.56. 
This is the gamble to be on folks.
This is the gamble to be on folks.
The Ref
Footballguy
My biggest fear was not having this settled ahead of earnings and having the offering knock down any run ups. All we need now is a little uncle Mo, and some good numbers.
The Ref
Footballguy
A little truth in advertising here, he said "a round" not "the second round". He could be playing with words here.We have recently completely a round of equity raising, which means that we are ready to acquire a number of modern vessels when we feel the time is right.
gregjcross
Footballguy
Is .0013 one tenth of a penny? whoa and I am now entertained. I didnt think any stock could trade that low.
King of the Jungle
Footballguy
Thanks D2
David Dodds
Administrator
Using Stockcharts.com, I calculate these levels for PRGN, FREE and SBLK. I think all will cross their EMA(12) lines (but these keep dropping with every down day in the market so crossing the EMA line might not be enough) and have a decent chance to cross the MA(50) numbers too. Now that I have moved off of SBLK, I plan to hold PRGN and FREE for much better prices:
PRGN
EMA(12) = 3.58
MA(50) = 4.30
RSI = 30
FREE
EMA(12) = 2.07
MA(50) = 2.29
RSI=37
SBLK
EMA(12) = 3.48
MA(50) = 4.05
RSI=35
PRGN
EMA(12) = 3.58
MA(50) = 4.30
RSI = 30
FREE
EMA(12) = 2.07
MA(50) = 2.29
RSI=37
SBLK
EMA(12) = 3.48
MA(50) = 4.05
RSI=35
parasaurolophus
Footballguy
Najeh, are you in IFSL at all? Rumor has it they will be releasing earnings this week, and they are said to be stellar. It just ran up about 25% on the hype, so I dont know how much room is left, but figured this is your kind of play.
NajehHejan
Footballguy
I just bought 60,000 @ .002 and came to this thread to post that. How odd is that? I saw a post on some yahoo board about them, did some quick DD, and threw $120 on them. You should jump in and we'll cheer them on together.
parasaurolophus
Footballguy
I have been in since .0013. So I am in for some cheerleading. They ran up on me one other time and I held and watched them come all the way back down, so hopefully this release actually happens.
parasaurolophus
Footballguy
KGB, I think I saw a while back you bought XOMA. Do you still have it? What do you think is a realistic jump in PPS upon positive news tonight when they release their Phase I data?
NajehHejan
Footballguy
Nice. You seem to do fairly well on the pennies. I’ll have another $500 to play with once funds settle on Wed. Any recommendations? I like ‘em in the .001 to .002 range.
NajehHejan
Footballguy
I think we’ll see over a buck. I’m in 1,000 at .8199 and not sure if I should sell at 1.00 or be greedy and risk holding for more. XOMA does seem like a good long term hold, so I may just sit on it. What are you in for?
parasaurolophus
Footballguy
too bad i am being pummeled by NEPH. Everyday I want to sell when it pops a bit and buy back in when it inevitably drops and everyday I convince myself approval could come at any time so just be patient.
parasaurolophus
Footballguy
I am not in this one. It is on my watch list and I have been strongly considering jumping in. I was pretty sure I saw somebody post that they bought it in here so I figured I would get some input on the possible pop. I might buy a small amount just to get me to pay more attention.
parasaurolophus
Footballguy
not really watching any in that range. The only other real cheap one I am watching is EXPH. They make me nervous though. Their press release about "preparing" to ship to 1400 lowe's locations seemed odd. I can "prepare" to go on a date with Jessica Alba anytime I want. Doesnt mean it is actually going to happen. Also what are they shipping? They claim they cant release that info just yet.ETA lol basically as I was typing this the company released a pr about their warehouse webcam. http://www.expoholding.com/webcam I swear I saw that dude in the red sleevless shirt pee into a bucket
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Mark Davis
Footballguy
Got a great run to do this off of today. Wish I had waited along with you a couple of trading days. I didn't see this one coming.
Day-Trading the 401k just doesnt make any sense to me.
Mark Davis
Footballguy
Agreed. I'm just wishing I had either did it a month ago when I first considered it or waited an extra day or two. I have no intent of rebuying in the near term. This is the first 401K move I've made in 10+ years so I'm not one for moving it around on a whim. Being slow to react though cost me selling out at S&P 915-920.
This is LJ
Footballguy
Holy mother of all beatings. FAZ getting murdered. Thought 47 would be an unrealistic entry point, but its since cruised straight through it. This thing is a train headed for hell. If Goldman surprises either way, watch out. This could still be a play.
Mark Davis
Footballguy
I just couldn't play FAS or FAZ. Why not write a few calls on FAS? It's the same bet and both of these have a tendency to erode over time it seems.
Mr. Pickles
Footballguy
Relax, Frankie. It's all good from where I sit.
St. Louis Bob
Footballguy
Otis said:Greetings FAZians. oof.Speaking of oof, oof on my premature sale of CNB at a loss. Up almost 25% on the day.
I wish I would have bought more than 1500 shares now. Still a GIANT gamble though.
The Ref
Footballguy
I didn't get out. I was late to put in the sell order. I might regret that.I'm not day trading my 401K, but if the trend is down I have no issues pulling out of the market and playing it safe. I do agree that you can't go in/out/in every other day - but it's all right to sit on the sidelines if you see things going south.itriple said:
bigfishboy
Footballguy
I missed a sell at 9.50 (47.50) and puked the 3-4 days in a row FAS retreated. I am in the green again after today and will pull the trigger pretty quick this time as aI need the dough to average down PRGN to get out of theat hole.Mr. Pickles said:
David Dodds
Administrator
Overseas markets are strong right now...
http://www.cnbc.com/id/15921552/site/14081545/
Here's hoping for a great day
http://www.cnbc.com/id/15921552/site/14081545/
Here's hoping for a great day
The Ref
Footballguy
Earnings Reports. It's all in the hands of the numbers for the next two weeks.
BDI is up HUGE. It seemed like the downward trend was really slowing. Wow did it POP today. PRGN share price was lagging the gain in BDI last quarter. Lets hope this is start of the 3-week run to earnings and $5 a share.
Baltic Dry 3,097 (+4.10%)
Baltic Capesize 5,034 (+5.14%)
Baltic Panamax 3,020 (+2.20%)
Baltic Supramax 1,892 (+3.16%)
Baltic Handysize 810 (+1.25%)
Baltic Dry 3,097 (+4.10%)
Baltic Capesize 5,034 (+5.14%)
Baltic Panamax 3,020 (+2.20%)
Baltic Supramax 1,892 (+3.16%)
Baltic Handysize 810 (+1.25%)
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NajehHejan
Footballguy
49,795 more IFSL @ .0021
Now holding 109,795 @ avg .002045
If this thing hits a nickel, party at Najeh’s place
Now holding 109,795 @ avg .002045
If this thing hits a nickel, party at Najeh’s place
parasaurolophus
Footballguy
The Ref
Footballguy
Well - the stock is running out of the gate, and I hope there is no more dillution to hold it down. Here is to a good day for PRGN.
optionmaven
Footballguy
Somebody go and wake up DD. His FREE is about to hit 1.90. Sell Mortimer, SELL!!
Mark Davis
Footballguy
If we did bottom out then that is great news all around. I have more in mutual funds and my SEP IRA outside of my 401K invested in the market than I had in just my 401K. I just didn't want to stay as exposed in this spot. I'm still not sure we won't retest more lows, and even if we don't, I'm not sure what the catalyst is for a big run to the upside in the overall market nearer term unless earnings and future outlooks are very optimistic. I'm not seeing any great recovery in the businesses I'm involved in right now.
Mark Davis
Footballguy
Covered some of my UNG puts on this run this morning. Still have written a Jul 12 and a Aug 11 that are outstanding.
David Dodds
Administrator
I have a sell for 5,000 in at 1.97 right nowI sold off all of my PRGN at 3.50 (and will look for a better spot)
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Sheriff Bart
Footballguy
Up another .14 today @.77Otis said:Greetings FAZians. oof.Speaking of oof, oof on my premature sale of CNB at a loss. Up almost 25% on the day.
David Dodds
Administrator
Loving level 2 for FREE. This is starting to look like a very good day for me
Level 2 Sells
2.04 - 4,300
2.05 - 100
2.06 - 1,000
2.10 - 1,050
Level 2 Sells
2.04 - 4,300
2.05 - 100
2.06 - 1,000
2.10 - 1,050
David Dodds
Administrator
another stock that I had nailed correctly that I bailed way too early on. Congrats to everyone that held onto this.Up another .14 today @.77Otis said:Greetings FAZians. oof.Speaking of oof, oof on my premature sale of CNB at a loss. Up almost 25% on the day.
Sheriff Bart
Footballguy
Yes you did GB.another stock that I had nailed correctly that I bailed way too early on. Congrats to everyone that held onto this.Up another .14 today @.77Otis said:Greetings FAZians. oof.Speaking of oof, oof on my premature sale of CNB at a loss. Up almost 25% on the day.
