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My Stock Value Strategy Starts Now (2 Viewers)

Added 4000 shares of CENX at $9.80.

I probably should have done 2000 and waited in case it goes down more.

But this things headed back up at some point. I'm holding this one until it does...

 
There are some companies that are just plain classics. Pillers of the investment world if you will. Google, Apple, GE - etc.

I think one of them is on sale right now and it's time to pick up 100 shares for the medium term.

100 Exxon Mobil please.

 
bd3521 said:
GGN Dividend received today

.14*600=$84

YTD realised profit +$9870.37

Including current holdings I'm up 173% YTD.
What were some of your biggest gainers?
I have a bunch of small gainers but the biggest one was when I bought GGN in January around $9.75 and sold about a month later around $13 something that netted me about $3g's. Those numbers aren't exact but close.
Including current holdings I'm up 173% YTD.
That's awesome. I'm up something like that since April of this year when I first started with you guys on here.I just did a copy/paste on my PRGN transactions alone. Hopefully the formatting works.

sale date # of shares price sold at proceeds cost profit:

PRGN

5/01/2009 3,200.0000 $3.41 $10,867.76 $10,785.85 $81.91 Cash

05/06/2009 2,900.0000 $4.89 $14,141.18 $10,990.40 $3,150.78 Cash

05/07/2009 2,500.0000 $4.8646 $12,127.73 $11,330.45 $797.28 Cash

05/20/2009 2,000.0000 $5.9571 $11,887.98 $9,145.95 $2,742.03 Cash

06/02/2009 1,000.0000 $5.69 $5,678.90 $5,410.95 $267.95 Cash

07/20/2009 3,500.0000 $4.19 $14,616.17 $13,725.35 $890.82 Cash

08/11/2009 1,000.0000 $4.6493 $4,638.25 $4,432.98 $205.27 Cash

08/12/2009 1,000.0000 $4.50 $4,488.93 $4,432.97 $55.96 Cash

08/27/2009 2,000.0000 $4.11 $8,193.83 $7,935.90 $257.93 Cash

09/09/2009 1,000.0000 $4.13 $4,118.94 $3,890.95 $227.99 Cash

09/14/2009 2,000.0000 $4.23 $8,433.83 $8,121.95 $311.88 Cash

09/22/2009 1,000.0000 $4.68 $4,668.92 $4,430.95 $237.97 Cash

Subtotal: $9,227.77
Nicely done! :loco: I miss the daily action but at least it's football season.

 
For the record I'm still quite bullish on this market and have been since mid-summer when the bearish case fell apart. In fact, I'm leaning towards a large rally this fall. What may emerge here is gold, silver, and all commodities explode to the upside with gold to at least $1500 or as high as $2000 and the market goes up with it.
Why didn't someone pm me that a clear sell sign had come out.
 
Rimm and Palm reporting this week and getting good runups. I'm out of both at this moment as my rimm options expired friday and i sold palm a few weeks ago on a downgrade.
Ouch for rimm. That must have felt like a rowdy roddy piper piledriver. I'm either lucky or blessed i did not buy october options instead of september. would have been a tough pill to swallow.i have watched my october 35 calls in X go from being 2 steps away from a triple to being barely a double. bought 2 at 6.50. they were worth nearly 18 before this selloff. now, i'm clinging to 12-13. i'll put a stop in at 10 to protect profit.
 
Also, KGB helped get me into ACLS at .49 about a month or two ago. has been experiencing resistance at each dime increment (.60, .70,.80) but after it breaks through, it doesn't look back. we broke .90 this morning. it will go back into the .80's again, but in all likelihood, in a week, it won't be below .90. Just wanted to give thanks to KGB(who i haven't seen here in a while) and alert people about this gem. I'd give a target price, but really not sure of one. i would think 1.50 would be attainable, but so might 4 dollars. Has been a safe and easy ride thus far. never diving more than a nickel in a day and always rebounding. I like that in a stock.
Stock never did go back into .80's again. Premarket today was sitting at 1.00. Holding at .98 now. In less than a week. Despite this nice runup today, options numbers showing a pretty bearish short term outlook in alot of big cap stocks. Bank sector has run out of gas at least for the time being, and i believe that sector was helping to carry the market to where it is now. I was going to start writing puts against my BAC position, but now have decided to wait and see.
 
The following item has been added to the Paragon Shipping Inc. website:

COMPLETION OF THE CONTROLLED EQUITY OFFERING

ATHENS, Greece, September 30, 2009 - Paragon Shipping Inc. (Nasdaq: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today the completion of its Controlled Equity Offering made pursuant to an amended sales agreement with Cantor Fitzgerald & Co. dated June 4, 2009.

As announced on June 5, 2009, the Company planned to sell 10 million of its common shares from time-to-time at market prices. Yesterday the sale of the 10 million shares was completed at an average net price of $4.11, raising a total of $41.1million in net cash proceeds. This amount, coupled with the Company’s previous Controlled Equity Offering completed on June 2, 2009, generated a total of $83.75 million in net cash proceeds to the Company.

http://www.paragonship.com/Index.cfm?page=irpr&ItemID=99

 
The following item has been added to the Paragon Shipping Inc. website:

COMPLETION OF THE CONTROLLED EQUITY OFFERING

ATHENS, Greece, September 30, 2009 - Paragon Shipping Inc. (Nasdaq: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today the completion of its Controlled Equity Offering made pursuant to an amended sales agreement with Cantor Fitzgerald & Co. dated June 4, 2009.

As announced on June 5, 2009, the Company planned to sell 10 million of its common shares from time-to-time at market prices. Yesterday the sale of the 10 million shares was completed at an average net price of $4.11, raising a total of $41.1million in net cash proceeds. This amount, coupled with the Company’s previous Controlled Equity Offering completed on June 2, 2009, generated a total of $83.75 million in net cash proceeds to the Company.

http://www.paragonship.com/Index.cfm?page=irpr&ItemID=99
Good info here.I'll add PRGN back to my watch/trade list.

I'm still bitter about the equity offering though. Thats 20M shares this year that could have put upwards pressure on the share price. If they never sell these 20M shares, the stock "might" have hit as high as 7 or 8.

 
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The following item has been added to the Paragon Shipping Inc. website:

COMPLETION OF THE CONTROLLED EQUITY OFFERING

ATHENS, Greece, September 30, 2009 - Paragon Shipping Inc. (Nasdaq: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today the completion of its Controlled Equity Offering made pursuant to an amended sales agreement with Cantor Fitzgerald & Co. dated June 4, 2009.

As announced on June 5, 2009, the Company planned to sell 10 million of its common shares from time-to-time at market prices. Yesterday the sale of the 10 million shares was completed at an average net price of $4.11, raising a total of $41.1million in net cash proceeds. This amount, coupled with the Company’s previous Controlled Equity Offering completed on June 2, 2009, generated a total of $83.75 million in net cash proceeds to the Company.

http://www.paragonship.com/Index.cfm?page=irpr&ItemID=99
Good info here.I'll add PRGN back to my watch/trade list.

I'm still bitter about the equity offering though. Thats 20M shares this year that could have put upwards pressure on the share price. If they never sell these 20M shares, the stock "might" have hit as high as 7 or 8.
I'm back in here. I think we run up towards 5 in the coming weeks. DRYS announced earnings and jumped big on them, right? When is the PRGN announcement? It's always seemingly a lock to run up nicely in the weeks leading up to earnings.

 
Last quarterly report was Aug 11. There was a site that projected the next one, but I forgot which site it was. Nonetheless, mid Novemeber'ish.

This combined with the potential 80% increase in BDI raises the PRGN bar pretty high.

Though everytime I think that, it crashes again.

 
Thinking I'm going to dabble in EEV soon :thumbup:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market10% Overseas10% OTC PortfolioETA (so I can look back and compare):9,712.28 Dow1,057.08 S&P 5002,122.42 Nasdaq
 
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Thinking I'm going to dabble in EEV soon :goodposting:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market10% Overseas10% OTC Portfolio
I've always been using Money Market as place for cash / uninvested funds. The returns I've been getting on Money Market are so pitiful that I've converted a good chunk of that to bond funds last month. There is still risk involved with bond funds, but I looked for ones with 3-5% annual returns until I found some with no negative years. Seems better than the effective 0% I was getting with Money Market.
 
Thinking I'm going to dabble in EEV soon :popcorn:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market10% Overseas10% OTC Portfolio
Hypocrisy alert.... as I'm about 40% in cash/bonds right now.Like everything else, I need a complete picture before I can pass judgement. But with limited info, I can't get behind a ROY balance like that. The dollar has fallen so far so fast and bought up the market so much to have that % of money on the sidelines. A few good earnings reports and the market might be on the way to S&P 1200. That said, we have had some major market downturns in October over the years. I took money off the table as we got into the end of August to lock in the summer gains and protect vs a downturn. A downturn could very well still happen depending on 3Q earnings reports. I guess all I am saying is if the USD remains as flawed and weak as it has been and we start to get positive earnings reports (very posible from the financials with the free money and the market gains) and the market might be off to the races to the upside. Not a good situation for 80% MM/Bonds.We shall see. Two weeks from now will be a very interesting time in the market.
 
If anyone is Asking/Cares I have a new position.

PAL - North America Palladium.

I own Physical Gold, Silver and Platinum. Palladium is harder to come by in the physical market, or should I say the % markup is higher then the other three major metals. I did some reading the other night and started to think that Palladium might have some real upside. In short, Platinum isn't valuable because of jewelry. It's valuable because its used in catalytic converters to turn "bad" gases from a car into "less bad" CO2 and water. Palladium is very close to Platinum in many ways - and as a result the car companies are figuring out more and more ways to develop converters with a 66%/34% Plat to Pall mix. In the future they hope to be able to make them with all Palladium. Add in the fact that car sales are on the up and that Palladium has a ways to go before it hits its all time high.... I see upside.

Anyway for $2.80 I think this pig could hit $4 in time.

I'm holding...

400 FCG Nat Gas ETF

100 UPL Nt Gas best in class

100 XOM Oil/Gas best in class

1300 PAL Palladium speculation

 
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If anyone is Asking/Cares I have a new position.PAL - North America Palladium.I own Physical Gold, Silver and Platinum. Palladium is harder to come by in the physical market, or should I say the % markup is higher then the other three major metals. I did some reading the other night and started to think that Palladium might have some real upside. In short, Platinum isn't valuable because of jewelry. It's valuable because its used in catalytic converters to turn "bad" gases from a car into "less bad" CO2 and water. Palladium is very close to Platinum in many ways - and as a result the car companies are figuring out more and more ways to develop converters with a 66%/34% Plat to Pall mix. In the future they hope to be able to make them with all Palladium. Add in the fact that car sales are on the up and that Palladium has a ways to go before it hits its all time high.... I see upside.Anyway for $2.80 I think this pig could hit $4 in time.I'm holding... 400 FCG Nat Gas ETF 100 UPL Nt Gas best in class 100 XOM Oil/Gas best in class1300 PAL Palladium speculation
Technically, ST PAL is a BUY. I think you'll come up to resistance in the $3.00 range. If it can break that with any strength above that I'd say $5.00+ is reasonably in play. Good luck.Wild Wild West day trading today. Good times.
 
Thinking I'm going to dabble in EEV soon :mellow:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market10% Overseas10% OTC Portfolio
Hypocrisy alert.... as I'm about 40% in cash/bonds right now.Like everything else, I need a complete picture before I can pass judgement. But with limited info, I can't get behind a ROY balance like that. The dollar has fallen so far so fast and bought up the market so much to have that % of money on the sidelines. A few good earnings reports and the market might be on the way to S&P 1200. That said, we have had some major market downturns in October over the years. I took money off the table as we got into the end of August to lock in the summer gains and protect vs a downturn. A downturn could very well still happen depending on 3Q earnings reports. I guess all I am saying is if the USD remains as flawed and weak as it has been and we start to get positive earnings reports (very posible from the financials with the free money and the market gains) and the market might be off to the races to the upside. Not a good situation for 80% MM/Bonds.We shall see. Two weeks from now will be a very interesting time in the market.
Agree with your comments on USD and market rally. I really really need to learn more about currency. I've been trading Forex EUR/USD on a modified version of my futs trading system. Pretty successful (100% win rate in Sept) so far in scalping 100 pips per trader per trend reversal on an hour chart. But I recognize there are some affecting conditions that I must pay attention too...I just don't know exactly what they are.There is a level of immediacy needed in that if this traders tax thingy goes through I will shift to currency trading full time and look to move overseas....anyone ever lived in Malta?
 
Also, KGB helped get me into ACLS at .49 about a month or two ago. has been experiencing resistance at each dime increment (.60, .70,.80) but after it breaks through, it doesn't look back. we broke .90 this morning. it will go back into the .80's again, but in all likelihood, in a week, it won't be below .90. Just wanted to give thanks to KGB(who i haven't seen here in a while) and alert people about this gem. I'd give a target price, but really not sure of one. i would think 1.50 would be attainable, but so might 4 dollars. Has been a safe and easy ride thus far. never diving more than a nickel in a day and always rebounding. I like that in a stock.
Stock never did go back into .80's again. Premarket today was sitting at 1.00. Holding at .98 now. In less than a week.
Gaining more steam here in the last 2 days. Closed at 1.19 today. Hit 1.29 in intraday trading before profit taking took place. I hope some of you are getting in. I talked two of my old high school buddies into buying and now they are calling me Bud Fox. Again props to KGB, he's the one who deserves it.
 
If anyone is Asking/Cares I have a new position.PAL - North America Palladium.I own Physical Gold, Silver and Platinum. Palladium is harder to come by in the physical market, or should I say the % markup is higher then the other three major metals. I did some reading the other night and started to think that Palladium might have some real upside. In short, Platinum isn't valuable because of jewelry. It's valuable because its used in catalytic converters to turn "bad" gases from a car into "less bad" CO2 and water. Palladium is very close to Platinum in many ways - and as a result the car companies are figuring out more and more ways to develop converters with a 66%/34% Plat to Pall mix. In the future they hope to be able to make them with all Palladium. Add in the fact that car sales are on the up and that Palladium has a ways to go before it hits its all time high.... I see upside.Anyway for $2.80 I think this pig could hit $4 in time.I'm holding... 400 FCG Nat Gas ETF 100 UPL Nt Gas best in class 100 XOM Oil/Gas best in class1300 PAL Palladium speculation
Technically, ST PAL is a BUY. I think you'll come up to resistance in the $3.00 range. If it can break that with any strength above that I'd say $5.00+ is reasonably in play. Good luck.Wild Wild West day trading today. Good times.
I always feel better when the technical's line up with fundamentals. Thanks for your feedback.
 
Thinking I'm going to dabble in EEV soon :thumbdown:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market10% Overseas10% OTC Portfolio
Hypocrisy alert.... as I'm about 40% in cash/bonds right now.Like everything else, I need a complete picture before I can pass judgement. But with limited info, I can't get behind a ROY balance like that. The dollar has fallen so far so fast and bought up the market so much to have that % of money on the sidelines. A few good earnings reports and the market might be on the way to S&P 1200. That said, we have had some major market downturns in October over the years. I took money off the table as we got into the end of August to lock in the summer gains and protect vs a downturn. A downturn could very well still happen depending on 3Q earnings reports. I guess all I am saying is if the USD remains as flawed and weak as it has been and we start to get positive earnings reports (very posible from the financials with the free money and the market gains) and the market might be off to the races to the upside. Not a good situation for 80% MM/Bonds.We shall see. Two weeks from now will be a very interesting time in the market.
Agree with your comments on USD and market rally. I really really need to learn more about currency. I've been trading Forex EUR/USD on a modified version of my futs trading system. Pretty successful (100% win rate in Sept) so far in scalping 100 pips per trader per trend reversal on an hour chart. But I recognize there are some affecting conditions that I must pay attention too...I just don't know exactly what they are.There is a level of immediacy needed in that if this traders tax thingy goes through I will shift to currency trading full time and look to move overseas....anyone ever lived in Malta?
I'm more of a fundamentals guy then a technical guy, but I do understand some of technical concepts. If your at a 100% win rate on short term technical trading I'm not sure I can help you improve (obviously). That said, I would be curious to hear what side of the trade you were on a percentage basis. By the numbers I would suspect you were short the USD, but if you were able to hit a 100% rate when you were short the Euro 35%-45% of the time I would say you have the situation nailed. If you were short the USD 90% of the time then I would say you were just able to play the trend of the falling dollar due to the overall awful fundamentals of the USD.
 
Thinking I'm going to dabble in EEV soon :thumbdown:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market

10% Overseas

10% OTC Portfolio
Hypocrisy alert.... as I'm about 40% in cash/bonds right now.Like everything else, I need a complete picture before I can pass judgement. But with limited info, I can't get behind a ROY balance like that. The dollar has fallen so far so fast and bought up the market so much to have that % of money on the sidelines. A few good earnings reports and the market might be on the way to S&P 1200. That said, we have had some major market downturns in October over the years. I took money off the table as we got into the end of August to lock in the summer gains and protect vs a downturn. A downturn could very well still happen depending on 3Q earnings reports.

I guess all I am saying is if the USD remains as flawed and weak as it has been and we start to get positive earnings reports (very posible from the financials with the free money and the market gains) and the market might be off to the races to the upside. Not a good situation for 80% MM/Bonds.

We shall see. Two weeks from now will be a very interesting time in the market.
My company had a second round of layoffs today and I am probably being a little too cautious here, but I'm also starting a 2 week vacation and have been happy with my 25% return on the year.Fragile global recovery

By now – 21 months after the recession began in the US – the Fed finally calls it “very likely over”. But what is also clear is that even optimistic growth in 2010 won’t be enough to bring the US gross domestic product (GDP) back to its US$14 trillion pre-crisis peak.

In contrast, with its last 10 recoveries, GDP bounced back to its previous levels within one year!

It is equally clear that the US is unlikely to recover its close to 7 million lost jobs and US$14 trillion of wealth lost during the recession until perhaps 2015. Even now, continuing tight credit conditions, a less-than-stable real estate sector, a still fragile banking environment, and a jobless recovery pose real risks of a double-dip recession (with warnings from no less than Krugman, Stiglitz and Roubini).

http://www.medicalnewstoday.com/articles/155145.php

 
Thinking I'm going to dabble in EEV soon :shrug:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market10% Overseas10% OTC Portfolio
Hypocrisy alert.... as I'm about 40% in cash/bonds right now.Like everything else, I need a complete picture before I can pass judgement. But with limited info, I can't get behind a ROY balance like that. The dollar has fallen so far so fast and bought up the market so much to have that % of money on the sidelines. A few good earnings reports and the market might be on the way to S&P 1200. That said, we have had some major market downturns in October over the years. I took money off the table as we got into the end of August to lock in the summer gains and protect vs a downturn. A downturn could very well still happen depending on 3Q earnings reports. I guess all I am saying is if the USD remains as flawed and weak as it has been and we start to get positive earnings reports (very posible from the financials with the free money and the market gains) and the market might be off to the races to the upside. Not a good situation for 80% MM/Bonds.We shall see. Two weeks from now will be a very interesting time in the market.
Agree with your comments on USD and market rally. I really really need to learn more about currency. I've been trading Forex EUR/USD on a modified version of my futs trading system. Pretty successful (100% win rate in Sept) so far in scalping 100 pips per trader per trend reversal on an hour chart. But I recognize there are some affecting conditions that I must pay attention too...I just don't know exactly what they are.There is a level of immediacy needed in that if this traders tax thingy goes through I will shift to currency trading full time and look to move overseas....anyone ever lived in Malta?
I'm more of a fundamentals guy then a technical guy, but I do understand some of technical concepts. If your at a 100% win rate on short term technical trading I'm not sure I can help you improve (obviously). That said, I would be curious to hear what side of the trade you were on a percentage basis. By the numbers I would suspect you were short the USD, but if you were able to hit a 100% rate when you were short the Euro 35%-45% of the time I would say you have the situation nailed. If you were short the USD 90% of the time then I would say you were just able to play the trend of the falling dollar due to the overall awful fundamentals of the USD.
Well it's a Eur/USD forex trade. Essentially a "long" signal means the USD is going down vs. the Euro. A "short" signal means the USD is going UP vs. the Euro. I hold these trades overnight...and until profits are reached or I'm taken out for a loss on a change of trend Here were the trades...again scalping 100 pips.9/6 - Long. This was over Labor day weekend and I happened to be in my office when the signal occurred. Profits were made pretty much before the market opened on that Tuesday.9/14- Long. Closed for profits on 9/16.9/21- Long. Closed for profits on 9/22.9/24- Short. Closed for profits on 9/29.9/30 - Long. I'm up about 50 pips now.So let's call it 4 completed trades. 3 were Long (meaning the bet was USD going down). 1 was Short (meaning USD going up). 75% of last month's trades were bets the USD was continuing its slide.I'm just learning how to do this thing. Risking about $250 (max) to make $500 per trade. In no way do I have it "nailed." Lots of luck involved...and you are right that lately the bets were made on the correct side of the trend. I find it interesting in that Forex is much more of a 24/7 market...that has a certain appeal. I like that it is more of a "set-it and forget-it" type of trading style too. I'm not sure what I should think about a rapidly declining USD...or how in the long run it is a good thing.
 
Any recommendations on some undervalued stocks that have taken an unnecessary beating and are due for a 10-20% return within the next week or month?

P.S. I'm actually looking for a blue chip type stock that trades on a big board (for a change)

 
Any recommendations on some undervalued stocks that have taken an unnecessary beating and are due for a 10-20% return within the next week or month?P.S. I'm actually looking for a blue chip type stock that trades on a big board (for a change)
I'm can't help you but the Powerball numbers for Saturday are 9-14-19-26-32 PB 8.
 
Thinking I'm going to dabble in EEV soon :thumbup:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market

10% Overseas

10% OTC Portfolio
Hypocrisy alert.... as I'm about 40% in cash/bonds right now.Like everything else, I need a complete picture before I can pass judgement. But with limited info, I can't get behind a ROY balance like that. The dollar has fallen so far so fast and bought up the market so much to have that % of money on the sidelines. A few good earnings reports and the market might be on the way to S&P 1200. That said, we have had some major market downturns in October over the years. I took money off the table as we got into the end of August to lock in the summer gains and protect vs a downturn. A downturn could very well still happen depending on 3Q earnings reports.

I guess all I am saying is if the USD remains as flawed and weak as it has been and we start to get positive earnings reports (very posible from the financials with the free money and the market gains) and the market might be off to the races to the upside. Not a good situation for 80% MM/Bonds.

We shall see. Two weeks from now will be a very interesting time in the market.
My company had a second round of layoffs today and I am probably being a little too cautious here, but I'm also starting a 2 week vacation and have been happy with my 25% return on the year.Fragile global recovery

By now – 21 months after the recession began in the US – the Fed finally calls it “very likely over”. But what is also clear is that even optimistic growth in 2010 won’t be enough to bring the US gross domestic product (GDP) back to its US$14 trillion pre-crisis peak.

In contrast, with its last 10 recoveries, GDP bounced back to its previous levels within one year!

It is equally clear that the US is unlikely to recover its close to 7 million lost jobs and US$14 trillion of wealth lost during the recession until perhaps 2015. Even now, continuing tight credit conditions, a less-than-stable real estate sector, a still fragile banking environment, and a jobless recovery pose real risks of a double-dip recession (with warnings from no less than Krugman, Stiglitz and Roubini).

http://www.medicalnewstoday.com/articles/155145.php
OK. Fair Points. I also happen to agree with them. Can't be a "jobless recovery" afterall.But what in your post answers the part about having an investment in Cash/bonds during a weak USD period? Economy is worse, deficits soar, inflation ensues, the USD falls, and in the end assets go up albeit not in real terms. The ones that think this is a real recovery are going to do better then the others that knew the economy sucks and tried to flee to safety in the form of the USD. They will end up being right, but for all the wrong reasons.

I think we are like minded, I just ask you to consider the USD risk when you have 80%.

 
Also, KGB helped get me into ACLS at .49 about a month or two ago. has been experiencing resistance at each dime increment (.60, .70,.80) but after it breaks through, it doesn't look back. we broke .90 this morning. it will go back into the .80's again, but in all likelihood, in a week, it won't be below .90. Just wanted to give thanks to KGB(who i haven't seen here in a while) and alert people about this gem. I'd give a target price, but really not sure of one. i would think 1.50 would be attainable, but so might 4 dollars. Has been a safe and easy ride thus far. never diving more than a nickel in a day and always rebounding. I like that in a stock.
Stock never did go back into .80's again. Premarket today was sitting at 1.00. Holding at .98 now. In less than a week.
Gaining more steam here in the last 2 days. Closed at 1.19 today. Hit 1.29 in intraday trading before profit taking took place. I hope some of you are getting in. I talked two of my old high school buddies into buying and now they are calling me Bud Fox. Again props to KGB, he's the one who deserves it.
Good deal! :thumbup: I'm glad someone had a bit of patience Did you get into BEE too?

I got in BEE and ACLS at the same time, grew impatient after a few days :wall: and dumped everything fro SRSR. What a mistake!!! I cant get rid of it. i put all my play money in there and im down 42%. Granted it was said here that it was a boom or bust type of stock, and im a boom or bust guy. But it sucks to be out of the game while waiting.

ACLS .49 to 1.25 or so

BEE I/We got in at $1.00 even and i sold at $1.16 or so for what i thought was a nice profit. Then it shot up to $3.00!!!!! about a week ago. Man i need to stick to my guns.

Good luck :banned:

ETA: EVRM is the next one I'd be buying/researching right now. I'd buy on a dip under .04.

 
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Job numbers brutal. Looks like second day in a row of freefall. Here comes the long awaited correction...

 
Job numbers brutal. Looks like second day in a row of freefall. Here comes the long awaited correction...
It's going to be an interesting day for sure...The worst possible day for the stock market is almost always a Monday/Tuesday in October.I'll be curious to see how the USD does today. Will it weaken because of the Job Numbers, or will it strengthen as entities flock to US treasury.
 
Thinking I'm going to dabble in EEV soon :goodposting:
Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market

10% Overseas

10% OTC Portfolio
Hypocrisy alert.... as I'm about 40% in cash/bonds right now.Like everything else, I need a complete picture before I can pass judgement. But with limited info, I can't get behind a ROY balance like that. The dollar has fallen so far so fast and bought up the market so much to have that % of money on the sidelines. A few good earnings reports and the market might be on the way to S&P 1200. That said, we have had some major market downturns in October over the years. I took money off the table as we got into the end of August to lock in the summer gains and protect vs a downturn. A downturn could very well still happen depending on 3Q earnings reports.

I guess all I am saying is if the USD remains as flawed and weak as it has been and we start to get positive earnings reports (very posible from the financials with the free money and the market gains) and the market might be off to the races to the upside. Not a good situation for 80% MM/Bonds.

We shall see. Two weeks from now will be a very interesting time in the market.
My company had a second round of layoffs today and I am probably being a little too cautious here, but I'm also starting a 2 week vacation and have been happy with my 25% return on the year.Fragile global recovery

By now – 21 months after the recession began in the US – the Fed finally calls it “very likely over”. But what is also clear is that even optimistic growth in 2010 won’t be enough to bring the US gross domestic product (GDP) back to its US$14 trillion pre-crisis peak.

In contrast, with its last 10 recoveries, GDP bounced back to its previous levels within one year!

It is equally clear that the US is unlikely to recover its close to 7 million lost jobs and US$14 trillion of wealth lost during the recession until perhaps 2015. Even now, continuing tight credit conditions, a less-than-stable real estate sector, a still fragile banking environment, and a jobless recovery pose real risks of a double-dip recession (with warnings from no less than Krugman, Stiglitz and Roubini).

http://www.medicalnewstoday.com/articles/155145.php
OK. Fair Points. I also happen to agree with them. Can't be a "jobless recovery" afterall.But what in your post answers the part about having an investment in Cash/bonds during a weak USD period? Economy is worse, deficits soar, inflation ensues, the USD falls, and in the end assets go up albeit not in real terms. The ones that think this is a real recovery are going to do better then the others that knew the economy sucks and tried to flee to safety in the form of the USD. They will end up being right, but for all the wrong reasons.

I think we are like minded, I just ask you to consider the USD risk when you have 80%.
You are probably right (re: USD risk), I don't see bonds being a risky bet though compared to the very limited foreign fund options in my 401k which is certainly a riskier bet.
 
anybody still in SPNGE?looks like it was halted.
Yes, I took a $500 position at 0.13, doubled at 0.09 and another at 0.08. If I wasn't out of money I would have still been buying.For a penny stock, I was intrigued because I could actually go to Wal-mart and buy their product. And they were advertising all over the place making me think they were truely trying to make it work. I glossed over their shortcomings (failure to file) believing their press releases.I try not to visit Yahoo and Google message boards because they are filled with blowhards on both sides, but I went there this morning to find out what happened. It is all over the place, from arresting the owners to everything is rosy. My only hope is that the 10K is OK and they actually were in a bind because of the change in accountants. I give that about a 25% chance and their crooked backstabbing criminals a 75% chance.
 
I know this is mostly a quick trade thread, but for anyone with a longer horizon, nice downside overreaction on STJ today. It is already coming back (more than a dollar higher than the open).

 

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