My Stock Value Strategy Starts Now (1 Viewer)

[This is LJ]

Market finally decided it was OK to go up this afternoon after all the good news. I'll say this to you bears, the market seems like it does not "want" to go up from here. Jp Morgan and "better" job report numbers would have sent the market up higher then this over the past few months. Here is to Google and IBM!

We just crossed the 'shoulder' resistance @ 936. S&P high for the year--> 946.We're at 940. The shark move would be to start mulling short positions and play them early tomorrow. I've noticed that during this earnings season, the mornings are very volatile and the afternoons (12-4) is when the market trends. I'm gonna hold my money on the sideline and wait for some stabilization intraday, but if the market pops, you could get a great short entry point tomorrow morning. Set some stop losses!

 

[Sheriff Bart]

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

Dang, almost up 5% today.

UNG really pouring it on as we move later in the day.

up 7.59%

 

[This is LJ]

Why is PRGN down when the BDI went batty again and the NASDAQ and overall market are way up?

StockMarket> plzdiekthx

http://stockcharts.com/charts/performance/...?$BDI,PRGNIt almost seems as if PRGN leads the BDI, especially when it peaks. The may and june peaks are a huge tell. PRGN peaked first and started sliding first.

Its just a theory but I'm interested to see how it actually plays out long term. Slide it to a 15 day view. Interesting stuff.

 

[itriple]

Why is PRGN down when the BDI went batty again and the NASDAQ and overall market are way up?StockMarket> plzdiekthx

Today was a Paragon buzz kill. But given how much it has run the last 2 days a 7 cent drop is a ok breather. BDI and Market up again tommorow and today wont happen again.

 

[This is LJ]

On cue, IBM blows out. Yearly highs, here we come!

EDIT: Maybe not. GOOG misses. Taking a toll on any QQQQ rally.

 

[The Ref]

On cue, IBM blows out. Yearly highs, here we come!EDIT: Maybe not. GOOG misses. Taking a toll on any QQQQ rally.

Um, Huh?NEW YORK (CNNMoney.com) -- Google posted second-quarter sales and profit that beat Wall Street's forecasts Thursday, despite a tough environment for advertising. Net income for the three months ended June 30 rose 19% to $1.48 billion, or $4.66 per share, compared with $1.25 billion, or $3.92 per share, for the same period a year ago.Edit to add IBMSAN FRANCISCO (AP) -- IBM Corp. has dramatically increased its full-year profit forecast to $9.70 per share.The forecast had been $9.20 per share before Thursday.In my book we went 4 for 4 today.

 

[The Ref]

On cue, IBM blows out. Yearly highs, here we come!EDIT: Maybe not. GOOG misses. Taking a toll on any QQQQ rally.

Um, Huh?NEW YORK (CNNMoney.com) -- Google posted second-quarter sales and profit that beat Wall Street's forecasts Thursday, despite a tough environment for advertising. Net income for the three months ended June 30 rose 19% to $1.48 billion, or $4.66 per share, compared with $1.25 billion, or $3.92 per share, for the same period a year ago.Edit to add IBMSAN FRANCISCO (AP) -- IBM Corp. has dramatically increased its full-year profit forecast to $9.70 per share.The forecast had been $9.20 per share before Thursday.In my book we went 4 for 4 today.

I take that back - 5 for 5. The USD dollar Index traded below 79.25 to a low of 79.13. It broke the channel to the low side.Bulls on parade.

 

[Otis]

 

[This is LJ]

On cue, IBM blows out. Yearly highs, here we come!EDIT: Maybe not. GOOG misses. Taking a toll on any QQQQ rally.

Um, Huh?

Yeah sorry, Maria ####ed up the numbers. They beat handily, but growth is a ? QQQQ rebounding

 

[David Dodds]

I agree that the earnings reports are positive news, but it just feels like this thing wants to topple downward. With all this good news, the market was flat to down almost the whole day. I have my small stake in HEB (I may add a bunch of shares if this dips below $2.00 tomorrow), but happy to just watch for a bit with a strong cash position. If there is anything I learned this year, it's that there is so much to be made when you are strong on cash and the corrections happen.

 

[parasaurolophus]

Why do I not understand the market one bit. So Harley Davidson announces that earnings are going to be off 91% compared to last year same quarter and they have to cut 1000 jobs, but the stock goes up a bunch?

 

[parasaurolophus]

HEB doing some typical AH running

 

[beee]

Well yesterday was not high, as we went up more today. The gold sector really didn't confirm we're not at a high though, as they were mixed to down. Today must have been the high then.

 

[This is LJ]

Well yesterday was not high, as we went up more today. The gold sector really didn't confirm we're not at a high though, as they were mixed to down. Today must have been the high then.

Bold prediction. We're sitting 6 points (in the S&P) from yearly highs. Nasdaq set a new yearly high, Dow is within 300 of yearly highs. And I don't even agree with you. I think we reset highs across the board. If not tomorrow, then early next week. Still lots of potential for good news.Edit: If you guys believe in the cycle , we'll be hitting the 135-day mark of the cycle next Wednesday. Lots of chartists point to this day as a major market turning point in a 180 day cycle.

 

[beee]

Well yesterday was not high, as we went up more today. The gold sector really didn't confirm we're not at a high though, as they were mixed to down. Today must have been the high then.

Bold prediction. We're sitting 6 points (in the S&P) from yearly highs. Nasdaq set a new yearly high, Dow is within 300 of yearly highs. And I don't even agree with you. I think we reset highs across the board. If not tomorrow, then early next week. Still lots of potential for good news.

What's the problem? I said back in June in this thread a decline was going to start soon. Last week I returned to the thread to say a decline should start in a week to 10 days. I came back to the thread yesterday and said it was either yesterday or today. And now I'm saying the top was today. Its just the process of narrowing down a critical point. I believe the market is going to get hammered over the course of the next weeks to months. The duration I am unclear on. I expect the bottom of this decline will be roughly the same day Obama gives a major TV speech to say something along the lines of "the economy is strong". I'll let you know when I see him do that.

 

[NajehHejan]

My confidence is shaken pretty badly. I'm heavily invested in speculative biopharms. Here's what happened this week:

XOMA released positive Phase I results. Stock went down.

AGEN released positive news regarding a sales agreement with Russia to market their drug. Stock goes down.

BDSI drug gets approved by FDA and the stock goes up 2.5%. Yes, it appears the company bungled this by not issuing a PR, but this is still unacceptable.

If HEB gets approval for Ampligen, and the stock trades down or sideways, I'll shart in my pants.

I'm thinking if I want to make any money, it's time to roll up the sleeves and get to work big time on the penny stocks. At least they don't pretend to not be scams.....

 

[beee]

Roubini came out today and said "he was taken out of context" and that he is still bearish.

http://forums.footballguys.com/forum/index...howtopic=476382

 

[This is LJ]

BDSI drug gets approved by FDA and the stock goes up 2.5%. Yes, it appears the company bungled this by not issuing a PR, but this is still unacceptable.If HEB gets approval for Ampligen, and the stock trades down or sideways, I'll shart in my pants. I'm thinking if I want to make any money, it's time to roll up the sleeves and get to work big time on the penny stocks. At least they don't pretend to not be scams.....

Yeah, what was the deal with BDSI. Big approval and the stock soared and hit 7.15, I thought it was off to the races. Then I check back later and its down in the low 6's again. I'm wondering if I should get on board here at a decent entry point. What do you think?GL on teh penniez. Remember the RUNU craze here? I was actually in the process of gathering funds for investment when it went poof.

 

[This is LJ]

Roubini came out today and said "he was taken out of context" and that he is still bearish.

http://forums.footballguys.com/forum/index...howtopic=476382

Roubini is a beast. But he said we're in the 19th month out of a 24 month recession? Not bad. I just read a piece by him a few weeks ago predicting a W shaped, double dip recession picking back up mid 2010. I hope he changed his tune. :deadbanana:

 

[David Dodds]

Very Bearish Chart

I am staying in cash (or possibly playing EEV at the opening)

 

[NajehHejan]

BDSI drug gets approved by FDA and the stock goes up 2.5%. Yes, it appears the company bungled this by not issuing a PR, but this is still unacceptable.If HEB gets approval for Ampligen, and the stock trades down or sideways, I'll shart in my pants. I'm thinking if I want to make any money, it's time to roll up the sleeves and get to work big time on the penny stocks. At least they don't pretend to not be scams.....

Yeah, what was the deal with BDSI. Big approval and the stock soared and hit 7.15, I thought it was off to the races. Then I check back later and its down in the low 6's again. I'm wondering if I should get on board here at a decent entry point. What do you think? GL on teh penniez. Remember the RUNU craze here? I was actually in the process of gathering funds for investment when it went poof.

I would think low 6's should be a decent entry point, you gotta think 8-10 is within reach, assuming the CC goes well. At this point, I have no clue.

 

[beee]

Roubini came out today and said "he was taken out of context" and that he is still bearish.

http://forums.footballguys.com/forum/index...howtopic=476382

Roubini is a beast. But he said we're in the 19th month out of a 24 month recession? Not bad. I just read a piece by him a few weeks ago predicting a W shaped, double dip recession picking back up mid 2010. I hope he changed his tune. :deadbanana:

A couple years ago or so I said in the FFA that my dream was buying citigroup for $1 a share. We got down around there with banking crisis and frozen credit markets, but I held off since it seemed like we'd have a second banking crisis and double-dip in the second half of 2009. I'll be loading up on financials once we bottom out this time around tho.

 

[itriple]

Day 6 of PRGN's ships moving up:

Baltic Indices

Baltic Dry 3,542 (+1.17%)

Baltic Capesize 5,957 (+0.69%)

Baltic Panamax 3,324 (+2.12%)

Baltic Supramax 2,051 (+1.74%)

Baltic Handysize 843 (+0.96%)

 

[guru_007]

looks like we may have a rough start today

 

[JaxBill]

Don't kow anything about Beacon Equity but they issued a report about KERX. It looks like it rehashes the old news but says there's a 50% chance of Zerenex reaching commercialization.

http://www.globenewswire.com/newsroom/news.html?d=169198

 

[itriple]

PRGN just upgraded.

I got a text but cant find the news story. Seems to be true it jumped in pre-market.

 

[The Ref]

PRGN just upgraded.I got a text but cant find the news story. Seems to be true it jumped in pre-market.

By who?

 

[bmetz]

PRGN just upgraded.I got a text but cant find the news story. Seems to be true it jumped in pre-market.

By who?

Looks to be starting a bit of a run up... 4.05

 

[David Dodds]

I added 1,000 shares of EEV at 19.14. I don't plan on holding this past today. I will sell regardless of outcome today.

 

[Mark Davis]

We'll see if the "new" FAS is as good to me as the "old" FAS and FAZ were in this regard. Just sold a Aug 66 call for FAS for $.50. Not big money but that's a steep hill to climb for FAS to get there by Aug 21. I was writing a Aug 67 one and the price dropped as someone came into my office before I could hit confirm.

Also, still stringing GLD and SLV along every month. My Jul 89 GLD and Jul 13 SLV puts look to be expiring out of the money. I've already written a Aug 89 GLD. Been doing pretty well just writing puts on GLD about $2-$3 out of the money on a month to month basis. At this point even if a contract executes my price would be around $79/share with the premiums I've collected.

 

[This is LJ]

Effing CIT. Got stopped out @ a 6% slide, then this ###### is up big today. Damn, should've known somebody would step in. As much as we say it isn't, its too big and too tied into main street to fail.

 

[This is LJ]

Effing CIT. Got stopped out @ a 6% slide, then this ###### is up big today. Damn, should've known somebody would step in. As much as we say it isn't, its too big and too tied into main street to fail.

 

[parasaurolophus]

DDSS is killing me. Now trading below HEB. I need a beer today.

 

[David Dodds]

added 5,000 shares of SBLK at $3.42. This one should follow PRGN and FREE higher.

 

[David Dodds]

added 2,000 CENX at $6.24. earnings are next week. I think this will run up prior to earnings.

 

[The Ref]

added 2,000 CENX at $6.24. earnings are next week. I think this will run up prior to earnings.

Long CNEX on the commodity trade, shorting EEV. Kind of on both sides of the dollar here no?

 

[David Dodds]

added 2,000 CENX at $6.24. earnings are next week. I think this will run up prior to earnings.

Long CNEX on the commodity trade, shorting EEV. Kind of on both sides of the dollar here no?

yes kind of silly. I expect EEV to surge at the end of the day as I think many will take money out before the close. I had a chance to sell EEV at 19.32 range and I should have taken it. I think CENX starts running up as early as Monday and this seemed like a good spot to buy into it.

 

[Sheriff Bart]

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

Dang, almost up 5% today.

UNG really pouring it on as we move later in the day.

up 7.59%

Up again today. I didn't realise it was close to a 52 week low a couple of days ago.

 

[Mark Davis]

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

Dang, almost up 5% today.

UNG really pouring it on as we move later in the day.

up 7.59%

Up again today. I didn't realise it was close to a 52 week low a couple of days ago.

Yeah I closed out my Jul 13 put options 2 days ago thinking just buy them out and re-write others. If I had just left them alone they would have expired worthless and I could have kept the premiums.

 

[BassNBrew]

added 5,000 shares of SBLK at $3.42. This one should follow PRGN and FREE higher.

Just mirrored both of DD's trades at $3.40 and $6.17.

 

[David Dodds]

added 2,000 CENX at 6.08. Dumped EEV at 19.17 for a very small gain.

 

[The Ref]

USd index up, yet Emerging market index up for the day. That's a bullish sign.

Nice to see PRGN back to 4.0X range, but the volume was light.

 

[This is LJ]

Increased my exposure to coal today--> picked up PCX @ 7.04.

Low volume, hard to play much today. Wanted to pick up FAZ but after what happened last weekend, I'm not gonna hold this over the weekend anymore.

 

[David Dodds]

I seem to be very out of sync right now with the market. I just don't have real hunches as to where we are going at all. There are signs that the whole thing could collapse and other signs that this thing wants to take off. EEV's chart is as good as it gets technically, but I am afraid to hold overnight with it.

Year to Date Profit = $139,008

Last Trades Realized Gains/Losses:

Sold 6,000 HEB @2.10 - Profit = $36

Sold 1,000 EEV @ 19.87 - Profit = $38

Sold 1,000 EEV @ 19.17 - Profit = $18

Holding:

2,000 HEB @ 2.09

4,000 CENX @ 6.16 - Earnings are next week (Thursday after market closes). I am betting that this runs up early in the week.

11,000 SBLK @ 3.46 - I don't get why this is lagging PRGN so much. They will crush earnings

and holding a boatload of cash looking for a great spot to buy in.

 

[beee]

I seem to be very out of sync right now with the market. I just don't have real hunches as to where we are going at all. There are signs that the whole thing could collapse and other signs that this thing wants to take off. EEV's chart is as good as it gets technically, but I am afraid to hold overnight with it.

The market likes to not make up its mind until the very last second.

 

[The Ref]

I seem to be very out of sync right now with the market. I just don't have real hunches as to where we are going at all. There are signs that the whole thing could collapse and other signs that this thing wants to take off. EEV's chart is as good as it gets technically, but I am afraid to hold overnight with it.

Someone is going to come out with some bad numbers, and at that point the market may use that as a catalyst to move down. That said, it hasn't happened yet and it probably won't be a financial sector company that leads us down considering the way earnings season has reported in so far.I'm long and strong until something breaks, and I can't wait to see what happens with PRGN.

 

[beee]

Market basically didn't move today. Some stuff up, others down. Its like a cliffhanger...until in next week for the further adventures...

 

[beee]

I fee like we're all on the Mean Streak at Cedar Point. We're at the top of that first hill. The past week has been clickclicklicklclickclickclick...click...click...click...click.......click......

.........click....................click

I can't wait to see the look on everyone's faces in the photo hut.

 

[The Ref]

Bump because I dont want to go to page 6 to find this tomorrow night when asia opens.

 

[itriple]

I fee like we're all on the Mean Streak at Cedar Point. We're at the top of that first hill. The past week has been clickclicklicklclickclickclick...click...click...click...click.......click...............click....................clickI can't wait to see the look on everyone's faces in the photo hut.

What are you in to profit from this huge market collapse that is going to happen?