The Ref
Footballguy
An old joke at this point....Just dialed into the exm call."May I ask your name""The Ref""And with what company""FBG asset management""Thank you, please hold"
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My Stock Value Strategy Starts Now (1 Viewer)
- Thread starter David Dodds
- Start date
PRGNs floor is $5.50. We could easily see $6+ if earnings are a surprise.
Im not selling anything until earnings but then Ill play it by ear. I might sell a 1/3 and hold some.
Really this could be the break-out to $10 by the end of the year and I dont know any play better than that.
Im not selling anything until earnings but then Ill play it by ear. I might sell a 1/3 and hold some.
Really this could be the break-out to $10 by the end of the year and I dont know any play better than that.
Mose
Footballguy
It looks like they beat the estimates of .08 a share. Am I reading it wrong?
The Ref
Footballguy
Thats what I'm reading. call is starting now.....
The Ref
Footballguy
Yahoo has EXM up 7% in premarket but that was based on a trade a half hour ago.
optionmaven
Footballguy
Cramer was pointing out on the first segment of his show that the institutions, hedge/mutual fund managers are lagging the averages (s&p) and are essentially playing catchup. The meaning i got out of all that was that despite the huge run-up, it may not cease because these people have got to get involved now or have some answering to do to their investors. Really, this could keep the bull running alot longer. Even the bad ADP report isn't swaying the market too much this morning on the futures. It will be an interesting couple of weeks to see if this trend holds. I can see what he was saying to be true with LVS. Stock tanked for 2 days after reporting and has made up all those losses already.Otis said:
NYG Endzone
Footballguy
Anyone playing this for CTIC?
Cell Therapeutics, Inc. has added a news release to its Investor Relations website.
Title: Cell Therapeutics, Inc. (CTI) to Report Second Quarter Financial Results on August 6
Cell Therapeutics, Inc. has added a news release to its Investor Relations website.
Title: Cell Therapeutics, Inc. (CTI) to Report Second Quarter Financial Results on August 6
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Mark Davis
Footballguy
bigfishboy
Footballguy
I have been watching SRSR and you guys for a while. As soon as I get some money out of PRGN, I am looking to add SRSR. If I remember, you were adding around .13. I understand the manipulation with these pennies, but getting in at .065 ought to be pretty good. Thoughts?
Ripley
Footballguy
blame AIG
AhrnCityPahnder
Yinz-o-riffic
now IN on this.
Chuck Cecil
Footballguy
So a couple of weeks ago brought CIT - CIT GROUP INC @ $1.25 and it went way down. Today it is finally going up. Just last week I was down $6k but today it rallied and I am up $3k. So my question is why the huge rally today do I get out now or ride this? When I got in I had hoped to ride it until $2 but now I am a little scared. Advice. Thank guys. Love this thread BTW.
siffoin
Footballguy
Upon what facts, indicators or analysis did you base your opinion that CIT would run to $2.00? (list them here)Have those changed...and if so...using those same facts, indicators and analysis what is your new projection for CIT? (list them here)If your buy decision was based purely on gut...be quick to take your profits.
SpurrierisisGod
Footballguy
Don't know how much it matters, but Cramer was big on banks and credit card companiew (notably BOA). He's been pounding the financial and tech industries for at least a couple of weeks.
Chuck Cecil
Footballguy
At the time I brought I was factoring in the fact that they were not going to file bankruptcy and looked like they were going to be strong to recover. With lenders being beat down so much I wasn't high on some other lenders an article I read led me to believe CIT was going to be able to recover without bankruptcy. I got the $2 mark from the 1 year target estimates.
siffoin
Footballguy
Fair enough. Your opinion has been confirmed by price action. But because it is up like 50% in a few hours time...I'd certainly consider a trailing stop...maybe $.25. Don't let thing thing turn to a loser no matter what. And at the current rate you may reach your $2.00 target by end of day. Good luck.
David Dodds
Administrator
Lazy investing...
I bought 10K HEB at the opening today as I felt that there was massive resistance at that level at the close last night. To me it felt like the market makers were waging the war right around that level.
This brought my 20K shares to an average cost of 2.175. I then set these sell windows (Good until cancelled):
Sell 5K @ 2.20
Sell 5K @ 2.25
Sell 5K @ 2.35
Sell 5K @ 2.45
I then ran my daughter around doing errands.
Two of these tripped for me (2.20 and 2.25 and it came close to tripping the 2.35).
I now will be looking to buy again soon.
Profit = $500 - 18 = $482, but also lowered my 10K shares to 2.175. Unfortunately I took a $2K+ loss early this week so that I could better play this stock like this going forward. I am just about to rebuy HEB here as it approaches 2.10 again.
I bought 10K HEB at the opening today as I felt that there was massive resistance at that level at the close last night. To me it felt like the market makers were waging the war right around that level.
This brought my 20K shares to an average cost of 2.175. I then set these sell windows (Good until cancelled):
Sell 5K @ 2.20
Sell 5K @ 2.25
Sell 5K @ 2.35
Sell 5K @ 2.45
I then ran my daughter around doing errands.
Two of these tripped for me (2.20 and 2.25 and it came close to tripping the 2.35).
I now will be looking to buy again soon.
Profit = $500 - 18 = $482, but also lowered my 10K shares to 2.175. Unfortunately I took a $2K+ loss early this week so that I could better play this stock like this going forward. I am just about to rebuy HEB here as it approaches 2.10 again.
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Revo
Footballguy
Terra Industries (TRA) has received interest from CF Industries of a letter of intent to merge, where CF would give 0.465 shares per Terra stock. CF is currently trading at $83.14, which means TRA would be valued at $38.66 if the deal goes through. The deadline is August 21. TRA had declined CF's advances in the past, but there are many in the market (chemical manufacturing) that want the deal to pass. TRA is currently at $30.39, up $1.54 today.
I had both TRA and CF on my short watch list created a few months back, but never bought either of them.
My guess is the stock runs up to a few points shy of the takeover target prior to 8/21. I'm in for 1,000 shares at $30.
I had both TRA and CF on my short watch list created a few months back, but never bought either of them.
My guess is the stock runs up to a few points shy of the takeover target prior to 8/21. I'm in for 1,000 shares at $30.
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optionmaven
Footballguy
To those in PRGN, I am going to have an itchy trigger finger after we get our run in. Remember what happened last quarter and lets not leave anyone hanging at the station. Option Volume was light but the 5 August calls have a decent short position. Could be a moneymaker straddler who is going to make money on both sides of this. I would think getting out after 6 would be wise, even though you might leave some money on the table. JMO. I could be wrong.
Norman Einstein
Footballguy
does Agrium's takeover attempt of CF cause any concern here?
Mose
Footballguy
$6??? I'm looking to exit if we hit $5.50.
I'll snatch those up and sell em at $6.50.
Im gonna hold through earnings and watch where things are heading. Cant predict extra amount of sale.Boulder Toads
Footballguy
Agreed ... I'm looking for $6+I'll snatch those up and sell em at $6.50.
Texas Football
Footballguy
I was looking to exit at 5.30 - 5.50 range. This intrigues me...Agreed ... I'm looking for $6+I'll snatch those up and sell em at $6.50.Im gonna hold through earnings and watch where things are heading. Cant predict extra amount of sale.
Revo
Footballguy
That offer expires on 8/19, so we should see the run-up in Terra before then. It appears as if CF is ignoring that acquisition attempt, as per today's news.At this point, due to the turnaround in commodities, AGU would need to up its offer. One share of AGU+$40 is $88, and CF is currently trading at $83.At the same time, when AGU made that offer, CF was trading at $72, so it ran up $9.It's a daisy chain for sure, but TRA's excellent balance sheet and great ROIC make it stand on its own. I think it's a great short-term trade with a target of $34.
None_More_Black
Footballguy
Plus a lot of EXM earnings are accounting tricks. I would be careful holding PRGN through earnings as I don't see any way they make estimates.
Cromedog
Footballguy
Wouldn't the fact that PRGN has already diluted be of benefit?
PRGN $4.80 in pre-market. Im guessing we will hit $5.00 today.
parasaurolophus
Footballguy
hasnt FREE only traded 100 shares in Pre?
The Ref
Footballguy
Oh my God - the CFo on the call was aked if they planed on any more dillution and gave the standard "yeah maybe if the time is right speach".Thats REAL scummy to have an earnings call and announce something this major 8 hours later.
Good call here.
optionmaven
Footballguy
Hey Chuck, are you under any time constraints? Do you need this money to move elsewhere? I think you have a great long term position here and would strongly consider holding. I would think you get your 2 bucks by the end of this month(conservative outlook). In 2 yrs however (also a conservative outlook) this could be easily at 10 or more. I'm trying to figure out how piggish i can be with my Sept 3 dollar calls on C purchased at .25. I have 30 legs and i'm up 224% as we speak. Normally, i would pull some off but i think she passes 4 by months end. I might put in a stop tomorrow when i expect the market to have a down day.
SkyRattlers
Anti-aliai
I would say the number one thing I've learned by reading this thread over the last 5 months is last pre-market reports mean absolutely nothing.Good call here.
iowa clubbers
Footballguy
$4.50 level was likely to get retested. Closing above that today will be a positive.I'm not completely drinking the PRGN koolaid. It seems $5.00 could be a reasonable target.Still feel good about that and am hopeful. There are few sure things though...Not sure how somebody can know PRGN will or will not beat analyst earnings estimates, unless they have inside info or are more informed then analyst.
Cromedog
Footballguy
BDI is down again for the 6th straight day too.
