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When PRGN shot up to 4.30 last week I wanted to sell out and get into SBLK, but I have a 3 day clearance in my account and I didn't want to sell and have a run like today when I was on the sidelines.Lets hope the market stays up and the shippers start to report good earnings!
This thing is still all over the board. Ran up to $.188 while I was at lunch before closing down.This is LJ said:HOD at SRSR. Also, a pretty well known internet elliott-wave trader just determined his five-wave advance target of $.42. Awesome.
Was wondering the same thing. What is the target for PRGN and SBLK?
Unreal ride so far. I really hope this thing doesn’t sell off too much tomorrow. I’m averaged in at .0085 and was tempted to take some profits all the way up to .021 but I’m too optimistic on the company’s future as well as too greedy. We’ll see if this hog still gets slaughtered yet.
Inverse treasury funds ( RRPIX RYJUX ) might be worth a look. I just have them on my radar for now... I'll probably take a harder look whenever inflation begins to pick up steam.
Mark, great news today from SRSR. Everyone is on alert now. This thing could move very soon. They released the NI-43 today and wow, talk about a homerun. Their minerals report shows nearly 2.5x of estimated reserves with a higher %/tonne than they expected (.043-->.05). Awesome release, you can read it at their website. Blockbuster news. Barebones PPS estimates from just the report alone at iHub have ranged from the lows in the .40's and highs in the $1 range. But today had some heavy manipulation from some of the MM's, especially NITE. As far as why we're still in trading in the 15's, I honestly have no idea. The trading today by the MM's was strange. Within minutes of a 2/1 B/A ratio @ 18 cents, it not only fell but we were back down to 15 with a similar 2/1 ratio. Last reported trade was at .172 (delayed). At this point, most investors are probably in for the long side. I wouldn't be surprised if the iHub community alone has picked up another 5% of OS. I didn't see huge chunks on L2, so I'm assuming that the instituional investors haven't fully digested the report.This thing is still all over the board. Ran up to $.188 while I was at lunch before closing down.This is LJ said:HOD at SRSR. Also, a pretty well known internet elliott-wave trader just determined his five-wave advance target of $.42. Awesome.
Did u enter it correctly for an afterhours trade. On ameritrade its different.
PRGN, SBLK, FREE...... Who knows that the right price is. I guess none of us will really know until they release earnings. That said, if the first few shippers come in over targets with the market on the way up as it is, the whole sector could jump higher.
Do you know when they each release earnings without delving too much into their sites?
Earnings release scheduleIf you search for a company and it is an old earnings date, the company has not announced it yet.
I would recommend staying away from the inverse treasury funds for now. Inflation is probably coming but not for another 1-2 years. Deflation is the name of the game now. Unemployment rate is rising and income levels are coming down. Add in the fact that prices are deflating at an annual rate of 4%, personal savings rate has gone from -1% to 7%, and housing has not found solid ground and it will be awhile before the Fed starts raising rates, probably 2011. I actually think treasuries are an attractive play right now especially if you have exposure to equities. Take a look at TLT, the 20 year treasury ETF currently yielding 4.31%, or IEF, the 7-10 year treasury ETF currently yielding around 3.90%. Treasuries have gotten beat up lately with this run up in the market. If there is a pull back in the market treasuries should give you some appreciation on top of the yield. One stat that I keep looking at is that over the past 50 years during recessions the 10 year treasury yield has always bottomed when the unemployment rate peaked. The 10 year treasury yield was at 2% back in December and is now around 3.60%. I don't see the unemployment rate peaking until at least next year. If history stays true we will see the 10 year treasury back down towards 2% before this is over.
No, the market would react better if everyone was out spending money. There is a massive deleveraging of debt going on as consumers are paying down credit cards and not spending as much money. This will take awhile before the economy gets better. It is good for the consumer as they are becoming more frugal and fiscally responsable.
How much higher do you see PRGN and SBLK going?
I'd rather let a rattlesnake bite me then own $.50 worth of US Treasuries. I'm kidding of course, I'd let the snake bite me before I owned $.25.Very Low returns + the ultimate investment with exposure to the USD + I'm under 50 = Pass
Depends on what the broad market does I think. If the indexes head south, this could be close to the peak. If the bull run lasts another few weeks, these stocks could go noticeably higher.
thats not really what I meant. I was kinda looking at myself as the test case. I decided to become active because I didnt feel like spending on vacations or other things like that. Couldnt other investors do the same?One thing this market right now is showing us is that the actual profitability of a company might not be relevant, but the number of people wanting to buy stocks is. These stupid "not as bad as we expected" earnings reports are kinda the proof.
Hey Dodds, check out this link on short interest. With the new naked shorting rule, HEB could be a huge beneficiary, especially if the uptick rule gets passed as well. 13% of the float is ridiculous and its a main reason why this stock can't maintain its trends except for periods pre CC where the shorts have to cover or risk geting blown out. I still think HEB trends flat/down for the next few week but these sets of legislation can help it to stop being such a boom/bust stock and trade normally. We wont have the huge trading swings anymore like we did last week, so it'll keep a lot of the short-term traders out and make this an investment again.
wow, on the number of FREE shares. I thought my 5500 were high.
All your reasons are sound. Yes this is a +EV investmnt as the cards read. But at the same time the "it's been 20 years" crowd has a point and that can't be ignored.I'm not sure I could tolerate having $40K-$50K tied up in this, it would be bad for my health. But if you are up $150K for the year and have a business on the side, you are the type of person who can hold this risk.I'll shove all in with an OESFD every day, but just be prepared for the worst.David Dodds said:
Dodds, I hate you. I swore of HEB yesterday and now I am regretting it. I know for certain that if HEB gets approval it will skyrocket. The way it shot up based on hype for that CC proved to me that it has a loyal following. I am going to set up another account so I can buy 200 shares stick them in their and never have to look at them again. This will be strictly an EV play and that is it. I dont really hate you.David Dodds said:
My understanding on the 20 year thing has to do with the compound change that created Ampligen. Poly IC is where they spent a lot of time. It had promising results, but had toxic issues. Ampligen solves the toxic issues and achieves almost the same level of results. They figured this out about 6 years ago. Since that time, they have gotten this through to stage 3 of the FDA process (which is about right).
I had orders in 3 times yesterday. Upping my bid each time. Should have just took a market order at the bell, but i tried to be too cute. I have to leave for most of the day and i see its at .02. I'm putting in my order for .018 and maybe it will hit. After doing a little research and homework, I like this one for short term gambling, and even a long term investment.
i am sure it will hit. I saw this thing dropping just like HEB before call. I punted. Looking to get back in soon though.
Fair - thi sucks no doubt. Then I keep telling myself that this was in the mid threes less then two weeks ago.I'm holding untill one of the large shippers posts the 2Q earnings report.SBLK up, FREE up, PRGN getting hammered
Thanks for the tip and i'm glad i'm slow moving this morning. Its at .0164 as we speak. Perhaps i will wait until I get home late this afternoon. Saved me some coin spring, THANKS!!
Got out at .58 this morning. That's a 13% gain folks after commissions. <_< YTD +9364.32
