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My Stock Value Strategy Starts Now (3 Viewers)

Im with you on SBLK. I like that they get more value out of the spot rates and that they already confirmed the dividend. Pretty much ensures decent earnings and likely raised guidance.

I also like that they take on profit sharing on some of their ships. However, they dont have the expense ratio that PRGN has.

 
I added 5,000 more SBLK at 3.36. The NASDAQ is trying to go higher. If it can end the day in the green the Shippers could pop today (with higher BDI rates already announced). I like SBLK with their announced dividend and earnings coming next week. I also think the fact that they have huge volume today says this thing could run strong all week. My target price is $3.65-3.75

 
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I added 5,000 more SBLK at 3.34. I now have 15,000 shares at this price. 5/13 Shippers are green right now for the day. I fully expect SBLK will rally today. The Nasdaq is about to go into the green too.

 
I added another 5,000 shares at 3.34. I don't see how this won't go up.

Right now 6 of the 13 shippers are green. The worst performer is SBLK despite earnings coming in less than a week. Capesize indexes keep surging too. The NASDAQ is now green by a little bit. I am betting on a huge rally here sometime very soon.

Holding 20,000 shares at 3.34. Come on rally monkey.

 
David Dodds said:
I added another 5,000 shares at 3.34. I don't see how this won't go up.Right now 6 of the 13 shippers are green. The worst performer is SBLK despite earnings coming in less than a week. Capesize indexes keep surging too. The NASDAQ is now green by a little bit. I am betting on a huge rally here sometime very soon. Holding 20,000 shares at 3.34. Come on rally monkey.
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And a dividend was just declared yesterday. .05 for anyone holding on 11/27. The fact that this is down after that news is a little strange.
 
PRGN was stuck below $4.15 until the day before earnings. I feel like SBLK is following a similar pattern and will start to really move Friday/Monday.

When looking at different lenght of charts these stocks track really close together (expect for the last 2 weeks). SBLK will catch-up.

Im gonna stick with my 5k shares and double up if it hits $3.25.

 
itriple said:
PRGN was stuck below $4.15 until the day before earnings. I feel like SBLK is following a similar pattern and will start to really move Friday/Monday.When looking at different lenght of charts these stocks track really close together (expect for the last 2 weeks). SBLK will catch-up.Im gonna stick with my 5k shares and double up if it hits $3.25.
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I think so too. Plus at this price, where is the downside with this company? I will get $1,000 in dividends just to hold for a few weeks here. The BDI is way up (with Capesize up a lot). Their next quarter should be great if this one isn't. This seems like free money to me. Just going to hold this for a bit here as I see little reason to think it will go down. This stock traditionally runs up around earnings too. I think Friday / Monday will be the days to watch this closer.
 
I've had my 3000 PAL shares that I bought before lunch @ $2.98, up for sale @ $3.18. It got to $3.17 and then has backed down. I'll hold them overnight if it doesn't trigger my sell.

ETA: I'm holding my 4000 shares of SBLK @ $3.34 overnight for sure.

 
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I’m looking at option schedules and ABT, for example, has Nov09, Dec09, Jan10, Feb10, May10, Jan11, Jan12, currently listed.

Then I look at PG and their schedule shows: Nov09, Dec09, Jan10, Apr 10, Jan11, Jan12, currently listed.

Can someone explain the rhyme or reason for this? Are options available every month, but only listed for the 3 upcoming months and then a few quarters/years out?

BTW, I'm reading "Option Spread Strategies" by Anthony J Saliba, and it's great so far if anyone wants to learn some advanced option strategies. Be warned that you have to have some basic knowledge of puts/calls, put call parity, and the greeks if it's going to be helpful.

 
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Mose said:
I've had my 3000 PAL shares that I bought before lunch @ $2.98, up for sale @ $3.18. It got to $3.17 and then has backed down. I'll hold them overnight if it doesn't trigger my sell.ETA: I'm holding my 4000 shares of SBLK @ $3.34 overnight for sure.
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Looks like we are in on the same trades. You will be happy to know PAL just hit $3.18 afterhours. All of this on a day when the USD is up. A very strange day indeed, not that I am disapointed.
 
Some weird AH action.

Someone came in and bought 50k shares at $3.51

Last night zero shares traded.

Im targeting $3.80 by early next week.

 
itriple said:
Some weird AH action.Someone came in and bought 50k shares at $3.51Last night zero shares traded.Im targeting $3.80 by early next week.
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Very interesting indeed. Lots of volume after hours for SBLK. Of course there is some speculation that this is the fallout of dry bulk investors dumping DRYS (who just screwed their investors AGAIN) and getting into a better managed company ahead of earnings.I think the announcement of the divy ahead of earnings speaks well to the reasonable expectations of SBLK at least earning to expectations.
 
Anyone playing with penny stocks? From what I understand the biggest downside, besides losing all invested money, is trying to sell. Could you guys shed a little light on penny stocks for me, as I have no where near the $$ to throw around that is being thrown around in here. A specific stock for my example would be POPN, buying 10,000 stocks would only set me back $100 bucks, but is it worth a $100 gamble?

TIA

 
Panera CEO Ron Shaich is stepping down effective 5/13/10 and the company announced a $600MM stock repurchase. My guess is the stock is going to fall in coming days. Shaich has been running the place for 30 yrs.

 
Big Note on SBLK: I was reading through some forum posts on Google regarding SBLK and they are voting now regarding serious dilution (If it passes, this company will go from 50M shares to 300M shares). I think the vote is due on Nov 22nd. I also think this companies earnings are going to take a hit as they locked down more and more long-term charters (like PRGN does), but this company doesn't quite have the same great management team in place.

The good news is EXM, PRGN and others are all up considerably in the Pre-Market. This stock could accelerate from here, but I am likely going to be quick on the trigger. I would much rather buy AFTER they have diluted all of the shares.

 
David Dodds said:
Big Note on SBLK: I was reading through some forum posts on Google regarding SBLK and they are voting now regarding serious dilution (If it passes, this company will go from 50M shares to 300M shares). I think the vote is due on Nov 22nd. I also think this companies earnings are going to take a hit as they locked down more and more long-term charters (like PRGN does), but this company doesn't quite have the same great management team in place. The good news is EXM, PRGN and others are all up considerably in the Pre-Market. This stock could accelerate from here, but I am likely going to be quick on the trigger. I would much rather buy AFTER they have diluted all of the shares.
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This is crazy. a stock price at $3.45 should not offer 6x as many shares. Even with a cash infusion they would be at risk for delistment. Dodds you mind posting the link. Is this just message board chatter or a real report?
 
David Dodds said:
Big Note on SBLK: I was reading through some forum posts on Google regarding SBLK and they are voting now regarding serious dilution (If it passes, this company will go from 50M shares to 300M shares). I think the vote is due on Nov 22nd. I also think this companies earnings are going to take a hit as they locked down more and more long-term charters (like PRGN does), but this company doesn't quite have the same great management team in place. The good news is EXM, PRGN and others are all up considerably in the Pre-Market. This stock could accelerate from here, but I am likely going to be quick on the trigger. I would much rather buy AFTER they have diluted all of the shares.
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I must have a black cloud of dilution hanging over my head. bbt, prgn, free, and now sblk.
 
BassNBrew said:
David Dodds said:
Big Note on SBLK: I was reading through some forum posts on Google regarding SBLK and they are voting now regarding serious dilution (If it passes, this company will go from 50M shares to 300M shares). I think the vote is due on Nov 22nd. I also think this companies earnings are going to take a hit as they locked down more and more long-term charters (like PRGN does), but this company doesn't quite have the same great management team in place. The good news is EXM, PRGN and others are all up considerably in the Pre-Market. This stock could accelerate from here, but I am likely going to be quick on the trigger. I would much rather buy AFTER they have diluted all of the shares.
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I must have a black cloud of dilution hanging over my head. bbt, prgn, free, and now sblk.
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Guys - good luck with SBLK. I just rung the register +580, sold at 3.52.No bleeping way am I going to hold a company who is going into duilution, let alone X5. Can you imagine what the PPS is going to look like after that.I hope they smash earnings and they go to $5 for you all, but I don't need that stress.
 
Here is the link to the discussion regarding dilution.

http://finance.google.com/group/google.fin...2df7b4ac?hl=en#

I don't think it's an SEC filing right now as they are voting on it. It's possible it does not pass.

Disclosure: I just dumped on all 20,000 of my shares for 3.51. I hate dilution and hate massive dilution like this even more. It's beyond shady to give a company this much money that has not demonstrated it can be profitable with what they have.

Profit = .17 x 20,000 = $3,400 - 30 = $3370

 
The Ref said:
BassNBrew said:
David Dodds said:
Big Note on SBLK: I was reading through some forum posts on Google regarding SBLK and they are voting now regarding serious dilution (If it passes, this company will go from 50M shares to 300M shares). I think the vote is due on Nov 22nd. I also think this companies earnings are going to take a hit as they locked down more and more long-term charters (like PRGN does), but this company doesn't quite have the same great management team in place. The good news is EXM, PRGN and others are all up considerably in the Pre-Market. This stock could accelerate from here, but I am likely going to be quick on the trigger. I would much rather buy AFTER they have diluted all of the shares.
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I must have a black cloud of dilution hanging over my head. bbt, prgn, free, and now sblk.
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Guys - good luck with SBLK. I just rung the register +580, sold at 3.52.No bleeping way am I going to hold a company who is going into duilution, let alone X5. Can you imagine what the PPS is going to look like after that.I hope they smash earnings and they go to $5 for you all, but I don't need that stress.
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Yes I did as well. As fast as my shares were bought though, I think this thing has some legs, but I am not sure why. I will watch from the sidelines as well. Back to 100% cash here which feels like a good place to be.
 
Good find David. Just like the other find on the additional 10 million of PRGN (that saved my arce bigtime).

Im out for a $500 gain. Cant be too unhappy being in the green.

Im thinking of sitting on the sidelines through Thanksgiving. I need a mental breather.

 
Just sold 1000 SBLK for $3.51. Those shares had been purchased at $3.42 and $3.50. Still holding 500 shares.

 
Mose said:
Mose said:
Just FYI: I have a sell set for my PAL at $3.18, and my SBLK at $3.64.
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wow, I actually sold my PAL the split second it hit $3.18!!Gonna drop my SBLK now with the rest of you and go majority cash.
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I was thinking the same thing when it hit $3.15, but I have decided that I'm in this one for the double. Palladium is at $375 now and not only is the trend up big, it has a lot of room to run for both technical and fundamental reasons. Management said it wouldn't reopen the mine until it saw prices "consistently above 325-350". Well not only are we there but well over and trending higher. There is also growing (reasonable) speculation that with such rich land that PAL is a bigtime takeover target as most of the larger miners have no Palladium exposure, and this one comes with the added bonus of a gold mine.
 
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itriple said:
Good find David. Just like the other find on the additional 10 million of PRGN (that saved my arce bigtime).Im out for a $500 gain. Cant be too unhappy being in the green. Im thinking of sitting on the sidelines through Thanksgiving. I need a mental breather.
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Who found the 10M? :rolleyes:
 
The Ref said:
I was thinking the same thing when it hit $3.15, but I have decided that I'm in this one for the double. Palladium is at $375 now and not only is the trend up big, it has a lot of room to run for both technical and fundamental reasons. Management said it wouldn't reopen the mine until it saw prices "consistently above 325-350". Well not only are we there but well over and trending higher. There is also growing (reasonable) speculation that with such rich land that PAL is a bigtime takeover target as most of the larger miners have no Palladium exposure, and this one comes with the added bonus of a gold mine.
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I'm sure I'll buy back into it within the week. I just wanted to bank some profit for now. Hoping it dips a bit.
 
Don't know what happened with the COIN call but it's certainly not shooting up. I guess I'll just keep holding for the .80 it briefly hit Monday morning. On the bright side, FUQI is shooting up. But I probably shouldn't speak too soon since, with FUQI, it could still be down 2 points by the end of the day.

 
joetrow said:
Anyone playing with penny stocks? From what I understand the biggest downside, besides losing all invested money, is trying to sell. Could you guys shed a little light on penny stocks for me, as I have no where near the $$ to throw around that is being thrown around in here. A specific stock for my example would be POPN, buying 10,000 stocks would only set me back $100 bucks, but is it worth a $100 gamble?TIA
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I don't like penny stocks, because it seems like 90% of them you will lose BIG on. The risk isn't worth it to me.I try to look at percentage gains in my trading account instead of money value also. $1000 that gets turned into $1100 in a week, doesn't sound like much, but that's a 10% gain in 5 days. You somehow manage to do that all year, that's 520% return on your money!So even if you start out small, it has potential to get big.
 
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