NYG Endzone
Footballguy
PRGN just pulled a HEB, looks like its time to buy!
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My Stock Value Strategy Starts Now (5 Viewers)
- Thread starter David Dodds
- Start date
KGB
Footballguy
I've gone from -$1000 to +500 in 3 days. Man. What a ride. Where are the SRSR's looking to sell?
Mose
Footballguy
I think it drops another 20 cents. I have my sights on buying it around $1.10.
I just addeed 500 shares so you should get your wish. Went with a market order and totally got hosed at $1.33. bid/ask was $1.30/$1.31 and it was showing $1.32 real time after the trade. Oh well, not that big of deal in the long run as this is a long term position. Wouldn't mind seeing it drop to $1.10 and accumulate more shares.
NYG Endzone
Footballguy
Keryx Biopharmaceuticals, Inc.(NasdaqCM: KERX)
Real-Time: 1.32 0.11 (7.69%) 10:35AM EThelp
Last Trade: 1.33
Trade Time: 10:20AM ET <<<<<< Shares we stuck BnB with
Change: 0.11 (7.69%)
Prev Close: 1.43
Open: 1.40
Bid: 1.30 x 15000
Ask: 1.31 x 1100
1y Target Est: 3.50
Day's Range: 1.24 - 1.40
52wk Range: 0.09 - 1.88
Volume: 1,033,322
Avg Vol (3m): 2,672,770
Market Cap: 63.23M
P/E (ttm): N/A
EPS (ttm): -0.39
Div & Yield: N/A (N/A)
Now yahoo confirms me getting bent over.
Real-Time: 1.32 0.11 (7.69%) 10:35AM EThelp
Last Trade: 1.33
Trade Time: 10:20AM ET <<<<<< Shares we stuck BnB with
Change: 0.11 (7.69%)
Prev Close: 1.43
Open: 1.40
Bid: 1.30 x 15000
Ask: 1.31 x 1100
1y Target Est: 3.50
Day's Range: 1.24 - 1.40
52wk Range: 0.09 - 1.88
Volume: 1,033,322
Avg Vol (3m): 2,672,770
Market Cap: 63.23M
P/E (ttm): N/A
EPS (ttm): -0.39
Div & Yield: N/A (N/A)
Now yahoo confirms me getting bent over.
Mose
Footballguy
HAHAHAHA. As for the PRGN question above, yes and no. I sold half of mine earlier for a profit, and am holding the other half until tomorrow.
That's more like it!
Mose
Footballguy
and just like that, back to $4.70's!
That's less like it.
Otis
Footballguy
The Ref
Footballguy
I took a pounding on FEED. I was in for 1K shares at $6. :X Think I might wait and see on PRGN and SBLK sell them both off, and cost average down on Feed. Long term I like this company.In for a buttload of FEED at 5.31. Already bouncing up. Maybe I hit the bottom? Maybe the Otis curse has been lifted?
bigfishboy
Footballguy
Holding 1000 PRGN through earnings, no matter what.
L2 shows a little bump at 4.70, then smooth sailing to 4.80.
Why couldn't we get a decent Nasdaq and BDI day to go with this?
Edit to add: It is going to be hard to get any work done today, my eyes are glued to L2.
L2 shows a little bump at 4.70, then smooth sailing to 4.80.
Why couldn't we get a decent Nasdaq and BDI day to go with this?
Edit to add: It is going to be hard to get any work done today, my eyes are glued to L2.
Last edited by a moderator:
The Z Machine
Footballguy
I have an all-in buy for PRGN at 4.63 to add to my 4.40 cost average. I also have a sell of 75% of my holdings at 4.97.
I wonder which will hit first?
I wonder which will hit first?
KGB
Footballguy
I would be hesitant to buy today. They will have to crush earnings to go up. They are down today from all the selling off before earnings. Gameplan is to buy and ride upto earnings. Not buy today and hope they kill it. Jmo
I'd be more hesitent to sell today. You just need to look at last quarter to see what happened after earnings. 25% gain ($5.91 vs. $4.74) and 8 million shares the day after.http://finance.yahoo.com/q/hp?s=PRGN
St. Louis Bob
Footballguy
:spittle:
Mose
Footballguy
Aren't there twice as many shares out now though?
The Z Machine
Footballguy
Revo
Footballguy
For those still in CENX:
Code:
INVENTORIES MAY TEMPER ALUMINUM RALLYBy ANDREA HOTTERWall Street JournalLONDON -- Aluminum prices are rising again after sharp falls last year, but a mountain of surplus stocks and the increasing likelihood of production capacity restarts are expected to cap their ascent.The market has rebounded by some 65% since February, when aluminum prices hit seven-year lows below $1,300 a metric ton on the London Metal Exchange. Prices fell as demand in aluminum's key consuming sectors of automotives and aerospace slumped with the economic downturn. Aluminum is currently trading at around $2,100/ton.[Inventories May Temper Aluminum Rally] Bloomberg News/LandovAluminum demand is expected to increase, especially if the Chinese economy recovers more quickly than expected.Higher aluminum prices have led some producers to restart idled capacity, particularly in China. But many in the industry believe the rises aren't backed by fundamentals, and there's too much of the metal around to justify bringing output back on.With aluminum prices now "well past" comfort levels, Goldman Sachs JBWere analyst Malcolm Southwood said the restarts are premature. "(The restarts) will exacerbate the degree of oversupply in the short term," he said.Until recently, nearly a quarter of world aluminum output was idle due to a lack of demand and low prices.Apart from small signs of improvement in China, for example in the construction industry, demand has shown little sign of picking up.Instead, aluminum's gains are the result of U.S. dollar weakness and bullish sentiment for an economic recovery, both of which are pushing commodities higher as a pack.Prices are now high enough for many producers to consider bringing back idled capacity, or to push ahead with projects put on the back-burner.Capacity in China, the biggest producer of the metal, is being restarted rapidly.Analyst Leon Westgate of Standard Bank in London estimates that some 1.5 tons million of idled Chinese smelter capacity has been restarted this year and another 700,000 tons of new capacity is being commissioned."We now understand that a further one million tons of smelter restarts are being readied to come onstream for the third quarter," Mr. Westgate said.However, the market is already oversupplied, with inventories of aluminum at historical highs. According to LME data, aluminum inventories in its warehouses are now above 4.5 million tons.In addition, reports from physical merchants and warehousing companies suggest that more than one million tons is lying outside the system, unregistered in warehouses or sitting in ports.On top of this, the International Aluminum Institute estimates producer stocks of unwrought aluminum to be around 1.2 million tons.If the restart estimates prove correct, the bearish implication is clear. Mr. Westgate said the Chinese restarts "may ultimately come at the expense of further forced closures in the West."China is less concerned about overproduction: It will either consume the excess, or stockpile it for strategic purposes.But Western producers have significantly curtailed production, in line with market conditions. With U.S. producer Alcoa Inc. and Russia's UC Rusal leading the way, around three million tons of aluminum capacity outside China has been idled.While there are few signs of the larger Western producers bringing production back onstream, a number of smaller companies have greeted the higher prices with restarts.Germany's largest aluminum producer, Trimet, has restarted some output it previously idled, while Bosnia's Aluminij Mostar has said it may return to full capacity after cutting output by 25%.Larger producers like Rusal, however, are sticking to their guns. They're not only keeping their cuts into next year, but won't increase output without removing more inefficient capacity going forward."Obviously as a responsible producer we're not going to (bring new production on stream) without the reduction of capacity anywhere else," Rusal's Director of Strategy Artem Volynets told Dow Jones Newswires. "One thing we don't want to do is to destabilize the industry, which is just about finding a balance."Klaus Kleinfeld, chief executive of Alcoa, said roughly 17% of Western world production has been curtailed, with around 600,000 tons that's already been announced to come."But all of this still adds up to about 1.2 million tons of a surplus in the Western world," he said. Mr. Kleinfeld estimated that around 1.3 million tons of Chinese capacity is set to be restarted between June and December.Some argue that China will need this metal, especially if the Chinese economy recovers more quickly than expected. Chinese consumers have been destocking along the entire aluminum supply chain and even if stocks are at record highs, some isn't immediately available to the market as the metal is tied up in financing deals.Traders, banks and warehousing companies have locked stocks into financing deals that keep it off the market for anything up to three years ahead. One producer recently tied up around 500,000 tons of aluminum in a deal with a large Europe-based merchant, and warehousers estimate that around 1.5 million tons, or a third, of LME-warranted stocks are secured in this way.Yet that still leaves 3.0 million tons on warrant in warehouses world-wide, even if it isn't in the location of first choice. Most of the roughly 750,000 tons of aluminum held on warrant in Detroit, the result of a collapse in automotive demand, is freely available to the market, warehousing companies and merchants say.Consumers can also get at the metal tied into financing deals -- they just have to pay more for it, so that holders of the metal cover their costs.Meanwhile, fluctuations in forward aluminum prices over the last few days mean new warehouse financing deals are less profitable next year and ahead.Analysts say the market is ignoring these factors, creating price rises that aren't justified by fundamentals. But "few will stand in front of a runaway train, even if they know the likelihood of a crash is high," one physical merchant said.bigfishboy
Footballguy
They went from 27 million outstanding to 37 million.Their earnings last quarter were 0.45 per share. Their estimate this time is 0.45 per share (zacks.com). With more shares outstanding they will have to have a better top line to make (or hopefully crush) earnings. Since they lock in long term contracts, I am not sure how they can crush.
But I still firmly believe PRGN is undervalued. If the earnings are in line with the estimate (my expectation) I expect a bit of a bump (5%) due to people seeing that this shipper is a quality company that should have a higher P/E. If the earnings come in a bit below the estimate, I expect a bit of a sell-off (5%). It would have to be a disaster in their future outlook to fall below $4 though, and with locked in contracts, I don't see it.
If the earnings crush (doubtful), it is a party to at least $6.
Jefferson the Caregiver
Rebel Without A Pause
IMO the time for the PRGN train hs come and gone. Buy now and you are going to be lucky to make .40 in the shorterm, while a negative downturn is much more probable.
FREE is probably still undervalued. They don't announce earnings to later in the month and it hasn't jumped yet.
FREE is probably still undervalued. They don't announce earnings to later in the month and it hasn't jumped yet.
Apu
Footballguy
Don't the release tomorrow, at close? I would have expected a run up already.
bigfishboy
Footballguy
And your roller coaster ride continues.I am still waiting to get get some monet for tickets on this.KGB said:
Boulder Toads
Footballguy
Alright, anxious to see what goes down here in a bit.
Still holding my 4300 PRGN at a 3.92 average.
Good luck to all still hanging in this one ...
Still holding my 4300 PRGN at a 3.92 average.
Good luck to all still hanging in this one ...
The Z Machine
Footballguy
Let's hope for major crushination this afternoon.
KGB
Footballguy
Crashed. Spiked and recrashed in like 1 minute. Crazy
Otis
Footballguy
The Ref
Footballguy
Nothing yet on the website....
parasaurolophus
Footballguy
i dont even own PRGN and I am on the edge of my chair waiting for the news!!!Good luck guys!Nothing yet on the website....
