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My Stock Value Strategy Starts Now (1 Viewer)
- Thread starter David Dodds
- Start date
David Dodds
Administrator
Sheriff Bart
Footballguy
GGN finally broke through the 52 week high +.50, +2.94%, now at $17.18.
Hopefully it goes much higher.
Hopefully it goes much higher.
paz1
Footballguy
ditto
The Ref
Footballguy
The Z Machine
Footballguy
Man, a lot of us left a bunch on the table with PRGN. It's up to 5.38 now. What a run. I held for months trying to get back above 4.75, and then, wham, they scream past it when I sell. That's life I guess.
David Dodds
Administrator
I am hoping for a correction to get into some of the better shippers as I suspect many are going to have great quarters to start 2010.
bigfishboy
Footballguy
This is true. A lot of us still had pre-dilution shares that were killing us for months. I missed two opportunities to get out of those at break even when PRGN spiked and dumped again. I breathed a huge sigh of relief when it finally got back to 4.69 and couldn't wait to jump ship. Several months of angst were finally over.I realize now (hindsight) that I was quite blurred by the past when getting out and didn't consider the news in front of us. Bumbling around with this was a huge pain and I just wanted out so I didn't have to worry. But the issues that kept this down since June are complete (dilution and low BDI), and what is left? Good financials, good management, higher BDI. Had I taken a fresh look at the company, all signs point to buy, not sell. Probably still are at 5.38. Add this to the long list of lessons learned in this game.
Boulder Toads
Footballguy
OK, I finally let go of my 'high-priced' shares ... sell order tripped at 5.35 during lunch for 1000 shares that I'd purchased at 5.00 (+$350).Holding my remaining 3300 shares at a cost basis of $3.67 and planning to ride longer term. This is good stuff ...
The Ref
Footballguy
I hope it makes a run to $5 and lot of others get rich. But it will be a cold day in hell before I hold onto a company that's even thinking about a factor of 5 dilution.USD is geting back to the 74.75 floor. One of these days it will break it for good and we will be off and running to S&P 1200 or so.SBLK making a run to 3.59. I sold this morning @3.492
Boulder Toads
Footballguy
Don't know if it means much, but PRGN is up another 3% AH to 5.57.
Is there anyone else continuing to hold?
Anyone else buying in at these levels, following the momentum? The chart looks like railroad tracks right now, with no 'sell' signals.
Is there anyone else continuing to hold?
Anyone else buying in at these levels, following the momentum? The chart looks like railroad tracks right now, with no 'sell' signals.
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Mose
Footballguy
Not me. I think PRGN will pullback at some point. Of course this might be the surge to $10 everyone has talked about this whole year. I just think we are overdue for some down days.
Boulder Toads
Footballguy
Not holding or not buying?
Vladimir
Footballguy
Holding 800 shares of PRGN at an average price of $3.76.Set a .2 point trailing stop sell order today, wanted to lock prophets in case of pull back. I plan to ride this until it dips again.
optionmaven
Footballguy
Sorry i didn't answer this sooner. I like looking at option volumes looking for where institutional buying might be coming in. If I see strong ratio's of calls over puts with volume, I think I am following the money for the most part. It works vice-versa as well if you are bearish. This is only one indicator that I use but I think its important to identify. I'm also a fan of volatile stocks. Usually giving you more outs along the way. As for how/when/why, Its alot of luck and a big crapshoot. You do have to wait for sales, and alot of times the sale you bought at isn't the best sale. Look at my APPLE options that i have bought. I bought one 185 Jan. call at 14.25 on Oct. 1st. Bought another the day before they reported at 13.50. Since then, you could have twice gotten in at those levels. A smart trader or pro, could have made money 2-3 times on this instead of the one time i'm going to take. I'm very confident I'm going to hit my number of 210-215 on this one before expiration, but i could have really rung the register turning it over a couple times. I recently tried my hand at selling a put. Did not work out how i planned and I now posess 100 more shares of BAC. When i made this trade, I felt like I was pushing the issue. Lesson learned: Don't try to dictate what you think the market or particular stock will do.
NajehHejan
Footballguy
I only trade penny stocks. They can be very profitable but also very maddening. I've fortunately had more ups than downs though. If you want a penny tip I'd say check out GOIG. I threw 2 grand on the table last week and fully expect to turn that into at least 10 grand. The stock looks primed for a bounce back (it trades at .0014 but was over .01 just two months ago). The company has been releasing some news lately and more is anticipated. Good luck.
Who do you use for a broker? I've been searching around and came across a few, but always seems to be some negative. First, I'm looking for one without a minimum balance requirement which seems to eliminate quite a few. So I found tradeking.com, but they won't acept trades for a stock trading at less than .01, and from reading information online it says that they charge a .01 fee for stocks less than 2.00. Then I looked at sharebuilder.com, and they don't trade alot of penny stocks such as POPN and GOIG. Thanks agian, and I'll look into GOIG for sure.Edit: Found this on tradeking:
buying .01 stocks for .02 seems like a good way to ruin possible profits.
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Mose
Footballguy
Both. I might rebuy if it gets back to mid 4's. I think it ran up too quick.
TheWalkmen
Footballguy
Thanks for the reply. Where specifically do you look for institutional buying and what confirms that it is institutional, as that sounds valuable? I'm a little cofused though because I thought every long call had a short call with it, so 1 side is bullish but 1 is bearish. Also, as a fan of volatile stock, do you trade straddles, collars, etc?
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optionmaven
Footballguy
As of now, i don't employ any of the exotic option strategies. I am thinking i want to rollover my apple options but i'm not sure whats the best way to do it. I've been pretty much a one-trick pony with buying naked uncovered calls. It seems to be what i do well, so i have to stick with what got me here, at least for now. As far as institutional buying, looking at volume numbers is the only way i know how to do it. If your stock has say 10K of options sold on a normal day, and then you see it surge to 30k, you're probably looking at institutional buying. You have to look at these numbers daily though, which is time consuming.
I sold 3k shares at 4.95 the other day and I am still holding 3k shares long term. I have had these shares since May and plan on holding until it hits $10 or more. I'll buy back some shares if it does dip down below $5 again. Long term I think this is the best shipping company to be in.
TheWalkmen
Footballguy
I think you'd close out your current position by selling a call with the same expiration/strike and then buying a higher strike call.edit: ask your broker or have someone more experienced (siffoin?) chime in, I'm a rook.
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parasaurolophus
Footballguy
Najeh how did you buy this? You use ameritrade right? Is it no longer restricted?
Alias
Footballguy
So do we see this market going down further?I think I am going to hold this for another week.into EEV w/ avg. cost of 11.95/share
Sheriff Bart
Footballguy
Out at $3.56, just missed getting out at even.
350 KV/A @ $3.64
This thing has been all over the place so you DT's should really take a look at it.
Just a suggestion.
-$42.00 -1%YTD +$9811.37 +130.82%
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Sheriff Bart
Footballguy
I advise our clients interested in speculating in gold miners to buy VITFF at .655. Mr. Malaise has set the price.
In for 1900 at .655.
In for 1900 at .655.
The Ref
Footballguy
Only King Dollar knows for sure. The USD is up today and taking the market down with it. Of course it is still just south of the 76.00-74.75 midrange it has been running in the past few weeks. I don't think anyone can say for sure if holding or selling EEV is the right play right now. I mean if you wanted to really day trade it I would say wait for the USD to rally a little higher then sell it and buy EEM and hope for the USD to head back down within the channel.This could be the week where investors take money off the table because they fear the fundamentals of the market > inflation risk. Who really knows?So do we see this market going down further?I think I am going to hold this for another week.into EEV w/ avg. cost of 11.95/share
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David Dodds
Administrator
Some of us may have missed on squeezing the last PRGN dollar, but sitting on 100% cash right now feels very nice. I am looking at taking a shot with all of these companies (PRGN, FEED, FCG and EXM) at the right prices. I will wait until the NASDAQ rebounds though before buying in.
Mose
Footballguy
I am weary of buying PRGN now. I really feel it will pullback to the $4.50 range like it has done in the past.good luck though, I hope it goes to $10 for you!
Ya Ive watched the same pattern for the past 9 months ($4-$5.50). It could very likely head back down. Im betting with the BDI so high and no dilution worries (hopefully) that this coudl be the real run. I expect them to start announcing ship purchases in the next quarter.I know if this ran up to $10 I couldnt stomach being on the sidelines after investing so many hours studying this company.
Boulder Toads
Footballguy
I was somewhat relieved to unload my $5.00 shares yesterday, but will be looking to keep adding to my $3.67 avg position if we dip back into the mid-4 dollar range as well. Midterm, I still feel like we are looking at plenty of upside from here ... the potential for adding ships at current market rates, with high spot charter pricing ... could result in a commanding move upward over the next 3-6 months.
David Dodds
Administrator
This is what I think. The BDI is at a very good spot right now. And although PRGN has long charters that won't directly get helped by that, they are also one of the few companies that really tightened their belt during the lean times. They clearly will be adding ships and these newer vessels will benefit from the better rates. If I had to pick one stock right now that I would be shocked if it isn't 75-150% higher a year from now, I would choose this company. They have no credit issues. They have no new builds on order. Their fleet is pretty young (based on industry standards). They have a lot of cash on hand plus the ability to raise a lot more. They have stated many times that they will be expanding their fleet. They run lean and produce profit. They have a super low P/E despite great earnings reports during the hardest of times. If their P/E traded where DSX trades at, this stock price would already be multiples higher.
Mose
Footballguy
me too. I'm sitting on money here. What looks like the better quick flip? FEED or FCG? I'm just looking for like 3-4% within the next 2 days.
