My Stock Value Strategy Starts Now (1 Viewer)

[Otis]

Wow. I have 1800 PRGN at 3.42. Thinking of selling off 600 today and seeing what happens. Try to buy back at a lower price and if I can't get it, just ride the rest out until earnings.

I'd sell all of it and try to buy back at a lower price. I have 3500 shares and am thinking of doing the same. I have a price target of $4.22 though since my average is higher than yours.

I don't really lilke that thinking. If you woudl have sold yesterday hoping for a lower price you'd be kicking yourself. There is really strong buy support.If I thought I could sell at $4.05 now and buy at $3.90 later, Id do it. I dont see any info that says this is going to dip much before earnings.

Yeah, I'm hanging tight through earnings. When are they anyway?FTR, two days ago I bought the $5 Sept. calls. They were at .15 and are at .25 now, but I haven't realized that full gain since I stupidly put in a market order and it bought me a bunch of calls at a spread between 0.15, 0.20 and 0.25 That's what I get for not paying much attention.Anyway, I still think this thing has the potential to jump significantly from 0.25 to god-knows-what in the next two months, especially with earnings coming up somewhere...Edited to add... some just sold at 0.30 :moatloads:

 

[Mose]

My thinking is that it has gapped up 2 days in a row and will have to pullback at some point. Than again I work on a beet farm and have the I.Q. of a squirrel.

 

[Gadfly]

Wow. I have 1800 PRGN at 3.42. Thinking of selling off 600 today and seeing what happens. Try to buy back at a lower price and if I can't get it, just ride the rest out until earnings.

I'd sell all of it and try to buy back at a lower price. I have 3500 shares and am thinking of doing the same. I have a price target of $4.22 though since my average is higher than yours.

I don't really lilke that thinking. If you woudl have sold yesterday hoping for a lower price you'd be kicking yourself. There is really strong buy support.If I thought I could sell at $4.05 now and buy at $3.90 later, Id do it. I dont see any info that says this is going to dip much before earnings.

I agree ... I'm not good enough to "pick the dips" ... I'm up overall with my cost averaged 4300 shares and holding ...

Well, I don't really know what I'm doing. But it's just so far before earnings still. I sold off 600 at 4.02. I'll only sell off the other 1200 today if it makes another significant jump.

 

[BassNBrew]

Just sold 500 FEED at $5.70 that I had acquired at $5.23. Still holding 500 shares at $5.23.

 

[BassNBrew]

Just sold 1500 PRGN at $4, all acquired at $5.41 so I took a big hit. Still hold 1500. Looking to accumulate on a pullback or move some cash into other shippers which aren't up as much percentagewise today. This probably bodes well for those holding as I usually sell too soon.

 

[Mose]

I want to sell my SBLK, but I think I'm going to hold them.

 

[Gadfly]

I see sites putting PRGN's next earnings report at Aug. 5, which is earlier than I thought it would be. That could make a difference on whether there is time to buy back lower than the current price before earnings.

 

[bigfishboy]

FAS up 25% this week

:fingerscrossed:

I know this ETF gets bashed a bunch and its not for the faint of heart, but patience has always paid off for me with it.

 

[skycriesmary]

Sold 1381 shares of PRGN at $3.68 for a whopping profit of about $60 after commision. :boatloads: I'm aiming to get those shares back at $3.55 or under, although I might have missed my chance. With the market as crazy as it is, I just didn't feel comfortable enough with the exposure.

 

[itriple]

Can we get someone to make up some Paragon t-shirts?

Im thinking a castle with some Panamax ships floating in the moat.

 

[Sheriff Bart]

I'm just biding my time on UNG. Keep dropping muther, keep dropping.

 

[dane]

what are people's favorite blue chips right now? have some money in FREE and PRGN but looking to put another couple thousand in just some more secure/ less volatile stocks.

 

[David Dodds]

Wow, my timing sucked on moving out of both PRGN and FREE yesterday...aargh. Congrats to everyone that held. I saw this coming a mile away, but tried to get cute expecting an opportunity to buy back. I just can't buy now after holding so much cheaper.

I sold off 6,000 shares of HEB at 2.10 (break-even) and will now hold these 2,000 shares to a decision (average cost now equals 2.09 so downside is pretty small).

 

[parasaurolophus]

I hope this is the runup I was waiting for with DDSS. Although I think I will likely sell after hours on friday as I cant handle having another drug on delay.

 

[This is LJ]

As far as this rally goes, its looking pretty strong fundamentally. First resistance to test at 930, next is at 950. Piggybacking off earnings, if they continue the "not as bad" trend, we should pass the 930 technical tomorrow which is critical. If you will remember, 930 was the "shoulder" of the beautifully formed head-and-shoulders pattern that amounted to nothing but a false positive. As far as charts go, that was as perfect a setup as you can imagine; the pattern was clearly defined. RSI just crossed 50 which should be positive (although it wasn't with FAZ) and the MACD just met with the trendline and is crossing up through it.

This rally might just be getting started folks. But its gotta cross the 930 first.

 

[David Dodds]

As far as this rally goes, its looking pretty strong fundamentally. First resistance to test at 930, next is at 950. Piggybacking off earnings, if they continue the "not as bad" trend, we should pass the 930 technical tomorrow which is critical. If you will remember, 930 was the "shoulder" of the beautifully formed head-and-shoulders pattern that amounted to nothing but a false positive. As far as charts go, that was as perfect a setup as you can imagine; the pattern was clearly defined. RSI just crossed 50 which should be positive (although it wasn't with FAZ) and the MACD just met with the trendline and is crossing up through it.

This rally might just be getting started folks. But its gotta cross the 930 first.

I see this as a "false" rally, but time will tell who is right. This chart scares the hell out of me...Overbought

 

[David Dodds]

Decided to put my money where my mouth is. Bought 1,000 EEV (UltraShort) at 19.82

 

[Alias]

I am drinking the SEA koolaid, wanted to get in yesterday but had to verify my bank account, in @ 10.90.

Koolaid ---> +8.9%

Also into ECH(45.10): +2.9%

 

[David Dodds]

I am drinking the SEA koolaid, wanted to get in yesterday but had to verify my bank account, in @ 10.90.

Koolaid ---> +8.9%

Also into ECH(45.10): +2.9%

Has SEA ever outperformed FREE, PRGN or SBLK? It always seems like it lags the shippers by a lot.

 

[lod01]

PRGN.

 

[This is LJ]

As far as this rally goes, its looking pretty strong fundamentally. First resistance to test at 930, next is at 950. Piggybacking off earnings, if they continue the "not as bad" trend, we should pass the 930 technical tomorrow which is critical. If you will remember, 930 was the "shoulder" of the beautifully formed head-and-shoulders pattern that amounted to nothing but a false positive. As far as charts go, that was as perfect a setup as you can imagine; the pattern was clearly defined. RSI just crossed 50 which should be positive (although it wasn't with FAZ) and the MACD just met with the trendline and is crossing up through it.

This rally might just be getting started folks. But its gotta cross the 930 first.

I see this as a "false" rally, but time will tell who is right. This chart scares the hell out of me...Overbought

Wierd. I noticed the discrepancy between the .SPX and SPY charts. The .SPX chart looks good though.If we have trouble with the 930, I might be tempted to bail soon.

 

[Mose]

Go PRGN!

Anyone know anything about the cheapest shipper out there, RAMS?

 

[Steve Polychronopolous]

As far as this rally goes, its looking pretty strong fundamentally. First resistance to test at 930, next is at 950. Piggybacking off earnings, if they continue the "not as bad" trend, we should pass the 930 technical tomorrow which is critical. If you will remember, 930 was the "shoulder" of the beautifully formed head-and-shoulders pattern that amounted to nothing but a false positive. As far as charts go, that was as perfect a setup as you can imagine; the pattern was clearly defined. RSI just crossed 50 which should be positive (although it wasn't with FAZ) and the MACD just met with the trendline and is crossing up through it.

This rally might just be getting started folks. But its gotta cross the 930 first.

I see this as a "false" rally, but time will tell who is right. This chart scares the hell out of me...Overbought

I wish I knew how to read it.

 

[Otis]

PRGN.

Jeebus.4.13+0.44 (11.92%)Those $5 September calls are suddenly in play in a big way...

 

[lod01]

PRGN.

Jeebus.4.13+0.44 (11.92%)Those $5 September calls are suddenly in play in a big way...

Once the July options, for the most part, expire worthless in 2 days, we are free to run higher.

 

[David Dodds]

PRGN.

Jeebus.4.13+0.44 (11.92%)Those $5 September calls are suddenly in play in a big way...

For those holding PRGN and/or FREE, I think the move could be to sell those shares and buy into SBLK. Compare the last 5 days. All three of these companies are going to crush earnings. Just two days ago SBLK was trading higher than PRGN.I just added 6,000 shares @3.50 to get back in this game a bit

 

[The Ref]

Decided to put my money where my mouth is. Bought 1,000 EEV (UltraShort) at 19.82

David,Be careful here. I'm not saying your wrong but..1. The USD is at the bottom of the 81.50-79.25 channel it's been running, and the long term trend is down. USD cracks 79 and it's easy to see you on the wrong side of an EM trade on an FX basis alone. 2. BRIC countries were trending up ahead of US domestic markets and are recovering despite the US market.3. 2/3's of earnings releases have come in over street estimates in the US and this trend might continue and the EM's will follow up.JP Morgan misses tomorrow and the USD ends up back at an 80 handle and I feel a lot better about an EEV play then I would today.Just want to point out the other side of the coin here. I'm long on EM's as my main investment for retirement so I'm biased.

 

[guru_007]

I just added 6,000 shares @3.50 to get back in this game a bit

I like DD a lot.

 

[Mose]

I'm holding SBLK and PRGN now. I have a sell in for all my PRGN if it hits $4.20 though.

I'm in the green about .20 on my SBLK shares, but am just going to hold them.

I really feel like the BDI is going to decline tomorrow and the shippers as well. I might go on and sell all my PRGN at market price right before the buzzer. My average on the PRGN is high, $3.91, but I have 3500 shares, so I can bank $1000 if I sell at $4.20 and hope to rebuy in the next few days if it drops back below $4.00.

 

[Joe Mammy]

CENX is rocking today too. About to break through 6.00.

 

[Steve Polychronopolous]

Could you guys remind me which of the shippers have the shady management?

 

[This is LJ]

I'm holding SBLK and PRGN now. I have a sell in for all my PRGN if it hits $4.20 though.

I'm in the green about .20 on my SBLK shares, but am just going to hold them.

I really feel like the BDI is going to decline tomorrow and the shippers as well. I might go on and sell all my PRGN at market price right before the buzzer. My average on the PRGN is high, $3.91, but I have 3500 shares, so I can bank $1000 if I sell at $4.20 and hope to rebuy in the next few days if it drops back below $4.00.

Don't be so concerned about the BDI movements in relation to PRGN. Actually this chart is something all PRGN folks should check out. Notice that in the May and June 09 rallies (3--> 2 defined peaks and one dead cat) PRGN actually was the leading indicator of the shipping performance. Clearly defined peaks before the BDI peaked. Weird huh? I wouldn't put too much stock in the day-to-day moves of the BDI. That goes for FREE too, but to a lesser degree. In March, the BDI was trending and both FREE and PRGN crashed.

 

[itriple]

Wow, my timing sucked on moving out of both PRGN and FREE yesterday...aargh. Congrats to everyone that held. I saw this coming a mile away, but tried to get cute expecting an opportunity to buy back. I just can't buy now after holding so much cheaper.I sold off 6,000 shares of HEB at 2.10 (break-even) and will now hold these 2,000 shares to a decision (average cost now equals 2.09 so downside is pretty small).

DD- You told me 3 months ago to look forward never back. I always force myself to think about that when I buy/sell. Your never gonna buy at the absolute low and sell at the high. Just get on the wave when its rolling.You called PRGN to hit low $5's. Earnings is in exactly 3 weeks. We need you on board.

 

[Random]

Sold 1100 PRGN @ 4.07 +297

Still hold 2280

 

[The Ref]

Could you guys remind me which of the shippers have the shady management?

C) All of the above

 

[David Dodds]

HEB appears in play

 

[Mose]

Could you guys remind me which of the shippers have the shady management?

C) All of the above

 

[Sheriff Bart]

In for 800 GGN @ $13.59.

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Gold, Natural Resources & Income Trust (NYSE Amex:GGN) (the “Fund”) declared monthly cash distributions of $0.14 per share for July, August, and September 2009.

The distribution for July 2009 will be payable on July 24, 2009 to common shareholders of record on July 17, 2009.

The distribution for August 2009 will be payable on August 24, 2009 to common shareholders of record on August 17, 2009.

The distribution for September 2009 will be payable on September 23, 2009 to common shareholders of record on September 16, 2009.

If anyone is interested.

 

[David Dodds]

Could you guys remind me which of the shippers have the shady management?

C) All of the above

DRYS and OCNX are probably the worst. PRGN and SBLK seem to be among the best. But like The Ref stated, they are all a tad shady.

 

[BassNBrew]

Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK - News) today announced that its Board of Directors declared a cash dividend of $0.05 per outstanding share of the Company's common stock for the three months ending June 30, 2008. The dividend is payable on or about July 14, 2009 to shareholders of record as of July 7, 2009. The Company received written consent from each of its lenders for the declaration and payment of this dividend in respect of the second quarter of 2009.

Every little bit helps.

 

[This is LJ]

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.

Relax, Frankie. It's all good from where I sit.

Sorry GB Pickles. Oof.

 

[itriple]

I looked at last quarter for PRGN:

As of Monday we are approximately 18 trading days until earnings. PRGN's share price hit $3.25

This coincides with April 28th, 2009. PRGN's share price ended at $3.15. In the 18 days leading up to earnings PRGN ramped up to $6.24 and was up 12 out of 18 of those days (including the 5 days before earnings). There really was only one good opportunity to buy for 50 cents cheaper than you could have sold, but you would have to have called it perfectly. The other days you would have likely had to buy for more than you sold for.

 

[BassNBrew]

I looked at last quarter for PRGN:As of Monday we are approximately 18 trading days until earnings. PRGN's share price hit $3.25This coincides with April 28th, 2009. PRGN's share price ended at $3.15. In the 18 days leading up to earnings PRGN ramped up to $6.24 and was up 12 out of 18 of those days (including the 5 days before earnings). There really was only one good opportunity to buy for 50 cents cheaper than you could have sold, but you would have to have called it perfectly. The other days you would have likely had to buy for more than you sold for.

Remember that we (FBG) came close to owning .5% of this company during the run up. Not sure if we have the firepower to make the market again.

 

[David Dodds]

Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK - News) today announced that its Board of Directors declared a cash dividend of $0.05 per outstanding share of the Company's common stock for the three months ending June 30, 2008. The dividend is payable on or about July 14, 2009 to shareholders of record as of July 7, 2009. The Company received written consent from each of its lenders for the declaration and payment of this dividend in respect of the second quarter of 2009.

Every little bit helps.

I was holding during this time period. Sweet.

 

[Boulder Toads]

Sold 400 CENX at 6.04 ... dumped my higher cost-basis shares (5.82) for a nice little gain.

Still holding my 4300 PRGN, and will look to add with my residual cash (PRGN or SBLK/FREE), on the next market correction ...

 

[The Ref]

CIT was halted......

I wish they would halt HEB instead.

 

[Oly]

out PRGN @ 4.07 (+480)

 

[Steve Polychronopolous]

Could you guys remind me which of the shippers have the shady management?

C) All of the above

DRYS and OCNX are probably the worst. PRGN and SBLK seem to be among the best. But like The Ref stated, they are all a tad shady.

Comforting. Thanks.

 

[bigfishboy]

I looked at last quarter for PRGN:As of Monday we are approximately 18 trading days until earnings. PRGN's share price hit $3.25This coincides with April 28th, 2009. PRGN's share price ended at $3.15. In the 18 days leading up to earnings PRGN ramped up to $6.24 and was up 12 out of 18 of those days (including the 5 days before earnings). There really was only one good opportunity to buy for 50 cents cheaper than you could have sold, but you would have to have called it perfectly. The other days you would have likely had to buy for more than you sold for.

Three weeks before the last earnings report, PRGN made a week long run from 3.24 to 4.55. Then retreated to 3.41 over the next week, before taking off ahead of earnings.If the next report is truly Aug 4 (three weeks), we may be repeating history and will have a great buying opportunity coming up.My personal belief is that I know nothing and should just buy in at this level to ride the wave.

 

[beee]

For those who like technical analysis, the charts of silver, the HUI, GLD, crude oil, the DJIA, the S&P 500 and others all have recently completed head and shoulders topping patterns of various shapes and sizes that have been building out over the last 4 months. The HUI sits at critical support. Either the patterns complete and the HUI (and probably the entire market) goes into a hard down, or its a helluva buying opportunity.

I think everything is now ready to roll over. And its not just the H&S patterns that cause me to say that.