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My Stock Value Strategy Starts Now (3 Viewers)

I sold my PRGN at 4.24 to make a nice $648 profit. I bought 3,000 FEED at $4.35 and still holding. I am still mostly cash here as I want to see some kind of direction on the market. Kicking myself that I did not pull the trigger at the close yesterday on CENX that was clearly oversold. Feels good to make some of my losses back this morning.

 
Dodds – OCNF is down to 90 cent territory – good buy or stay away? I know the yahoo board is not the best resource for due diligence, but there are tons of bashers there screaming about dilution. Any legitimacy to the dilution?

 
FUQI is thankfully on a nice run today. I'm not sure how far I should ride it. I can get rid of some of my shares at a profit right now.

 
NajehHejan said:
Dodds – OCNF is down to 90 cent territory – good buy or stay away? I know the yahoo board is not the best resource for due diligence, but there are tons of bashers there screaming about dilution. Any legitimacy to the dilution?
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I hate it once stocks drop below $1.00 as you get dinged for excessive fees dealing penny stocks usually. It's moving nice today, but I really do not like this company. There are a zillion shares so this company will never make any money either. I prefer PRGN, SBLK and FREE in this sector as they all could be take over candidates. OCNF is badly run and always bleeding money.
 
Gadfly said:
My only stock I really don't know what to do with is COIN. I'm in at .95 average. Even today, it's barely up.
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They diluted and had investors pounce on their stock at $1.06 (these investors also got warrants that they could exercise at 1.30 within 5 years). This offering sold out in days. So I suspect after some MMs get done shaking the trees here and scarying everyone that this will slowly start creeping up. I think it's a huge bargain at the current prices, but I hate dealing in stocks below a $1.00
 
Gadfly said:
My only stock I really don't know what to do with is COIN. I'm in at .95 average. Even today, it's barely up.
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I'm stuck with some COIN as well. Not much, only 2000 shares, so I'll probably just hold it long term if need be.
 
Well, I made back 70 percent of what I lost yesterday, so that has me feeling better. Still be nice to make back the 30 percent, plus some of what I lost the previous two days. I missed the opportunity to get out of some FUQI today. I really hope I have another chance Friday. I wanted to get out of some stuff today but actually ended up adding some YHOO instead.

 
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Gadfly said:
Well, I made back 70 percent of what I lost yesterday, so that has me feeling better. Still be nice to make back the 30 percent, plus some of what I lost the previous two days. I missed the opportunity to get out of some FUQI today. I really hope I have another chance Friday. I wanted to get out of some stuff today but actually ended up adding some YHOO instead.
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That was a BIG DDP number today, but it's interesting that with such a good number the market didnt regain everything it lost the day before. THe next few days will be interesting.
 
Sheriff Bart said:
Sheriff Bart said:
I'm not the only one skeptical of government reports that suggest exactly what the government wants everybody to believe right? Right?
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DOW +199.89 +2.05%NASDAQ +37.94 1.84%

S&P 500 +23.48 2.25%

So yes, yes I am the only one.

Carry on.
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See, like this:Stimulus creates 650,000 jobs - White House says

The largest stimulus program in the nation's history has created or saved at least 650,000
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How the hell do you quantify "saved"? I just read yesterday that the actual number of jobs created under the stimulus was 25,000.This isn't anything political either folks. It's all about making money to me.

 
Sigh on today's start. I'm still somewhat hopeful the day can rebound at the end. I'm kicking myself for not just selling off half my FUQI at open.

 
siffoin said:
For those who have had interest. I'm back to twittering real time trades on the futs. Hopefully this process can be sustained. Been doing very well here. About $1k per day using only $10k of my futures account.In addition, I'm really close to having my website redesigned and functioning for active investors...at least the concept for it is complete. The focus will be trading the "quadfolio" (SPY, GLD, FXE and USO) in both longer and shorter time frames. The one sticking point is that I am trying to make a "movie" that explains the Steelhedge Trend Indicator. It may take me sometime until next week to finish this project, as I have other commitments. Though this media project will be short my goal is to make the concept of this style of trend trading more understandable. I'd like the website done by next week... realistically it will be longer than that. BUT if there are new trading signals on the SPY, FXE, GLD or USO I will post them there.A google search of "steelhedge" or "steelhedge trend trading" and you should find me.
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:blackdot:
 
Alias said:
market seems pretty volatile these days :lmao:
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Uncle Sam is mad as hell, and he wants his currency strength back.It's a dead cat bounce so long as we keep running deficits and the Fed keeps the interest rates where they are, but for the time being a small USD rally/market correction is under way..... (I think).I think it's time to revisit an old friend from about 100 pages ago..... EEV.
 
I am back in PRGN strong. I bought 5,000 shares at an average price of 4.117. BDI is up, market is down, PRGN ravaged worse than other shippers despite earnings in 3 weeks (and they have been running strong up to earnings). This seems like easy money here to me

 
Of course no sooner than I buy PRGN, the market starts sliding more and PRGN now sits at 4.07...LOL

 
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If there is any good news here it's that the USD is trying to break above 76.50 and it can't seem to do it for long. It sure is giving it the old college try. The next resistance is at 77.10. If the USD gets above that then the "real fake" dollar rally will be on and the market will really start to fall.

I'm not going short till we clear 77. I do agree PRGN looks cheap, but the all proverbial boats may be headed lower due to the market tides.

Well… Either that and the dollar heads back down and PRGN sees $4.50 with no issue.

 
The Ref said:
If there is any good news here it's that the USD is trying to break above 76.50 and it can't seem to do it for long. It sure is giving it the old college try. The next resistance is at 77.10. If the USD gets above that then the "real fake" dollar rally will be on and the market will really start to fall.I'm not going short till we clear 77. I do agree PRGN looks cheap, but the all proverbial boats may be headed lower due to the market tides.Well… Either that and the dollar heads back down and PRGN sees $4.50 with no issue.
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Curious how do you know so much about the $? Still trying to get a handle on currency pairs trading.
 
David Dodds said:
Of course no sooner than I buy PRGN, the market starts sliding more and PRGN now sits at 4.07...LOL
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It'll bounce back.I'm in at $4.22 and held through the run up to 4.75. Now I'm staring at a 15% drop from its peak, turning a big winner in to a loser. I'm still not too concerned. I think people will see this stock for what it is: a decently run company, continually making money in a slow economy, in a sector that has been pummeled over the last year, with a ton of cash on the books, and the ability to use that cash to consolidate their position in the market, or expand their capacity at cut rate prices.
 
The Z Machine said:
David Dodds said:
Of course no sooner than I buy PRGN, the market starts sliding more and PRGN now sits at 4.07...LOL
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It'll bounce back.I'm in at $4.22 and held through the run up to 4.75. Now I'm staring at a 15% drop from its peak, turning a big winner in to a loser. I'm still not too concerned. I think people will see this stock for what it is: a decently run company, continually making money in a slow economy, in a sector that has been pummeled over the last year, with a ton of cash on the books, and the ability to use that cash to consolidate their position in the market, or expand their capacity at cut rate prices.
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Can someone give me a total Cash per share figure for this company. Someone said it was ~ $3.
 
The Z Machine said:
David Dodds said:
Of course no sooner than I buy PRGN, the market starts sliding more and PRGN now sits at 4.07...LOL
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It'll bounce back.I'm in at $4.22 and held through the run up to 4.75. Now I'm staring at a 15% drop from its peak, turning a big winner in to a loser. I'm still not too concerned. I think people will see this stock for what it is: a decently run company, continually making money in a slow economy, in a sector that has been pummeled over the last year, with a ton of cash on the books, and the ability to use that cash to consolidate their position in the market, or expand their capacity at cut rate prices.
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I've watched my original 4300 shares (still holding @ 3.96 avg) see-saw up and down between 4.00 and 4.75 twice now. If I had the time to watch it closely, or pick those top/bottoms with conviction/data, I'd have moatloads by now.Either way, I'm content to keep picking up the dividends and roll with these guys longer term. This company is doing all the right things from what most of us can see.
 
siffoin said:
The Ref said:
If there is any good news here it's that the USD is trying to break above 76.50 and it can't seem to do it for long. It sure is giving it the old college try. The next resistance is at 77.10. If the USD gets above that then the "real fake" dollar rally will be on and the market will really start to fall.I'm not going short till we clear 77. I do agree PRGN looks cheap, but the all proverbial boats may be headed lower due to the market tides.Well… Either that and the dollar heads back down and PRGN sees $4.50 with no issue.
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Curious how do you know so much about the $? Still trying to get a handle on currency pairs trading.
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I started to get real curious about the markets back in late 07 and I was trying to reconcile how exactly as a VP in a fortune 500 company, with a wife that has a good profession, that I had a hard time paying a moderate mortgage in the new England area. I started to read and watch a lot of material from the "pessimism porn" brigade (Ron Paul, Peter Schiff, Marc Faber, etc...). That lead to a much better understanding of the relationship of monetary policy (AKA issues that impact the supply and demand and thus relative worth of a particular currency) and thus how said currencies issues impacts the markets and economy.At some point you can then look at the USD (or any other currency) from a technical chart perspective and anticipate where the USD is going next. Now understanding currency is in normal times only part of the picture. But I'm of the belief that over the past 6 months the market moves have related to the fall of the USD more then any other factor. On a chart, the USD is at historical lows. Of course this would make sense considering the supply (how many dollars the fed has printed), and the deficits that the US continues to run (thus we will need to print more and create more supply). Again, I think this explains why the market has run up so far so fast. It hasn't made any gains in real USD terms.We are now at a point that two new issues need to be considered. The market value is high considering a lot of the market/economic news (Jobs, Consumer confidence, etc) and the USD is trading near all time lows. The first issue means people want to get out of equities/commodities and run to something more safe - this creates both downward pressure on price and creates demand for currency. The second issue means that shorting the USD from here means doing so at an all time low and at a time when dollars are starting to be back in demand (at least for the short term).Eventually the awful fundamentals of the USD will take the USD lower and the market higher, but nothing moves in a straight line. This is an absolute fact...... Unless the Fed raises rates OR the Govt cuts spending the USD will break our all time low of 70 and continue to slide and inflation will start to pick up in 2010. How you feel about the later should be THE guiding principle of how you choose to invest over the next 5 years./rantHave a good weekend.
 
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And now I'm down more today than I was up in the one non-disastrous day this week. Couldn't just hit the sell at market open button on FUQI today. Had to try for an extra like $30. I still feel better than close Wednesday, because I think Thursday showed that things will bounce back next week.

 
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Does anyone know of a good guide/book for getting into stocks? I'm just starting my "real" life after college and I figure now is the time to take a little risk in investing.

 
Market slide gathers pace

Looming fiscal year-end for financial firms adds fuel to negative sentiment; TSX falls 276 points, Dow gives up 239

David Parkinson

North American stock markets deepened their slide in afternoon trading Friday, as the looming fiscal year-end for banks and mutual funds added fuel to an already negative market tone.

The S&P/TSX composite index was down 276.09 points at 10,799.13 at 2:50 p.m. ET, positioning the Canadian benchmark for its fifth triple-digit fall in the past six trading sessions. In New York, the Dow Jones industrial average was down 239.72 points at 9,722.86 and the S&P 500 was off 26.82 points at 1,039.29.

The fiscal year-end for most U.S. mutual funds is Oct. 31, a factor that can often have a strong influence on trading toward the end of the month. This year, market watchers said, many funds are cashing out on some big gainers from the 2009 rally to get them on their books before their fiscal year expires, contributing to the declines we've seen this week – and that selling has accelerated Friday.

In Canada, meanwhile, the big banks also have a fiscal year end of Oct. 31, contributing to similar book-squaring in the banks' mutual-fund and investment-banking operations as the year winds down.

Robert McWhirter, president of Toronto-based hedge fund Selective Asset Management Inc., added that many technical market signals turned negative about a week ago, which has been a key factor in the downturn of stocks over the past week. Most notably, the S&P 500 and S&P/TSX composite indexes fell below their 50-day moving averages, a key technical sell signal.

“A lot of what's been going on the past week or so has been technicals,” he said.

Meanwhile, hovering beneath the surface of the end-of-October selloff are nagging doubts about the sustainability of the U.S. economic recovery, as the consumer sector continues to show cracks in the wake of the Cash for Clunkers program. The U.S. Labour Department reported Friday that consumer spending fell in September for the first time in five months, while the University of Michigan consumer sentiment index also posted a month-over-month decline.
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OK, it's back on track. I'm feeling a little better, but still alarmed at the volatility today. And I'm disappointed that COIN and ACLS are still down.

 
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I added 5,000 more PRGN at 4.05 here. If history is a guide, this should run up later this week prior to earnings. The BDI is up today and the NASDAQ is up a little so this seems crazy to be down a little this morning

 
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David Dodds said:
I added 5,000 more PRGN at 4.05 here. If history is a guide, this should run up later this week prior to earnings. The BDI is up today and the NASDAQ is up a little so this seems crazy to be down a little this morning
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Do you have a target price where you are planning to sell or is it more a wait and see approach? How large have the run ups been in the past?
 
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Gadfly said:
playin4beer said:
Gadfly said:
Wow, what happened to when ACLS was at 1.7 and expected to go up higher? Now at .86
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What happened?? I bought into it... that's what happened... :popcorn:
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I'm right with you, at an average of 1.12. I might chance buying another 1k shares right now if my whole account wasn't all tied up in other losers that I've gotten myself into over the past 10 days.
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You and me both...i have five different stocks on my "watch" list.... i'm into two of them... three are in the green, two are in the red... guess which two??Yep, the losers i own...
 
playin4beer said:
Gadfly said:
playin4beer said:
Gadfly said:
Wow, what happened to when ACLS was at 1.7 and expected to go up higher? Now at .86
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What happened?? I bought into it... that's what happened... :popcorn:
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I'm right with you, at an average of 1.12. I might chance buying another 1k shares right now if my whole account wasn't all tied up in other losers that I've gotten myself into over the past 10 days.
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You and me both...i have five different stocks on my "watch" list.... i'm into two of them... three are in the green, two are in the red... guess which two??Yep, the losers i own...
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I own seven stocks and they are all in the red. :wall:
 
I feel like there is a heavyweight fight in the market right now. It's palpable.

The USD Index has tried to break though 76.5 twice now and the market wont let it get there. The USD can't get back to the short term low of 75.5 either. IMHO where this chart breaks will define the action for the rest of the year. Because of the bearish talk and the short term trend up for the USD I'm betting on USD up S&P down - but I'll feel better about said prediction when the 76.5 Rubicon gets crossed.

 
george said:
David Dodds said:
I added 5,000 more PRGN at 4.05 here. If history is a guide, this should run up later this week prior to earnings. The BDI is up today and the NASDAQ is up a little so this seems crazy to be down a little this morning
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Do you have a target price where you are planning to sell or is it more a wait and see approach? How large have the run ups been in the past?
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I think 4.35 - 4.50 is possible, but I might start selling off closer to $4.25 if the overall market doesn't go higher. The market has me confused right now as I am shocked to see PRGN this close to 4.00 before earnings.
 
Omg ACLS. Anyone know why this is down 16 percent today? I could have gotten out of this thing with less than $200 lost Thursday.

 
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The Ref said:
I feel like there is a heavyweight fight in the market right now. It's palpable.

The USD Index has tried to break though 76.5 twice now and the market wont let it get there. The USD can't get back to the short term low of 75.5 either. IMHO where this chart breaks will define the action for the rest of the year. Because of the bearish talk and the short term trend up for the USD I'm betting on USD up S&P down - but I'll feel better about said prediction when the 76.5 Rubicon gets crossed.
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Perhaps of interest...http://www.ft.com/cms/s/0/9a5b3216-c70b-11...144feab49a.html

 
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