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R1: What do you think of F right now? Automakers are seeking a cheap loan from the government. I'm thinking it's going to push F lower for a few days, but if they do manage to secure part of that loan I think it may shoot up pretty fast upon approval. Any thoughts?
Posts: 55 | From: Pennsylvania | Registered: Apr 2006
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quote:Originally posted by deathtoradio: R1: What do you think of F right now? Automakers are seeking a cheap loan from the government. I'm thinking it's going to push F lower for a few days, but if they do manage to secure part of that loan I think it may shoot up pretty fast upon approval. Any thoughts?
I really think F is a steal at the current price. Not sure how much lower it could possible go.
BAC...Hit $30.43 this morning then dropped lower but higher then Thursday's close. So that looks great.
PTA....$2.20....up 10%. It started great today and ran right to $2.49 then dropped down.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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quote:Originally posted by delgotit99: R1: I do see a possible short squeeze happening soon (hopefully today) in financials. People are so heavily shorting these stocks that the slightest run up will trigger a panic and many people will be covering their losses.
For weekend swing I like AUY and KGC.
AUY....$11.11. This can run to $13 pretty easy. Good find!!
KGC.....$16.93. This should run back to $18 no problem. Even $20 is very possible. Another great find!!
Posts: 2367 | From: Detroit | Registered: Mar 2005
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R1 and D2R: Could you guys comment on SOLF - I am holding about 90 shares (i know not much for you guys but no more funds) they have earnings coming out next week and want to see what your thoughts are - I bought it at 13.25 and it has had nice run to 19.75 but let me know if i should get rid of it before earnings or wait for earnings to come out....thx.
Posts: 544 | Registered: Aug 2008
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CDE....$1.87. I think its safe to assume this will hit $2.25 in the next month. Can go higher but why wait. So make 20.3%
BAC...$30.21. I think it will hit $31 on Wednesday.
CORT...$2.05. Ride to $2.20...make 7.3%
CVP...picked at $3.64....currently at $4.144. Pays a 18.5% monthly Divy. Should get back into the $5.00 range....so still cheap.
VC....$3.36. Can get in cheaper but as gas goes down, should hit $4.00 for a 19% gain.
PTA...Picked it at $2.00. Currently at $2.21 so up 10.5%. I think its good for $2.50 so make another 13.1%
SOLF....here ya go. I would sell in my view. Your up $585 and have a net value of $1,777.50. I would jump into something else. Go do this. Buy F and ride that back to $5.00. So you would have 397 shares. Make $0.53 so a profit of $210.41 giving you a value of $1,987.91. Then you need just 1 more trade then you qualify for a margin account where you can borrow against your money and have 2x buying power. Then its easy to make $100 here and there. Each $100 you make is $200 buying power. Stay away from the PENNY STOCKS!!! You will get burned real fast. You have my picks above and they all are good picks where you should make some $$$. Just pick one and go with it. But seriously, dump your stock....why roll the dice on the unknown???
Posts: 2367 | From: Detroit | Registered: Mar 2005
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quote:Originally posted by rajthebam: R1 and D2R: Could you guys comment on SOLF - I am holding about 90 shares (i know not much for you guys but no more funds) they have earnings coming out next week and want to see what your thoughts are - I bought it at 13.25 and it has had nice run to 19.75 but let me know if i should get rid of it before earnings or wait for earnings to come out....thx.
Never hold into earnings. That is a standard for me. If you really feel confident, then take some off the table and let your profits ride. This stock has been as high as 40 and now is back to 20.
Posts: 111 | Registered: Dec 2006
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ok as far as SOLF goes, will put in limit order to sell at around 20.25 to make out 7 dollars even per share....thx.
i was looking at CVP as you suggested - can you explain your rationale behind recommending this one - seems like the company has consistently generated negative Free cash flow for past 4 yrs at least in a row. how can i possibly invest in such company? please advise.
Posts: 544 | Registered: Aug 2008
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quote:Originally posted by rajthebam: ok as far as SOLF goes, will put in limit order to sell at around 20.25 to make out 7 dollars even per share....thx.
i was looking at CVP as you suggested - can you explain your rationale behind recommending this one - seems like the company has consistently generated negative Free cash flow for past 4 yrs at least in a row. how can i possibly invest in such company? please advise.
Here comes the Suntech But this week's favorite can be found on our Rule Breakers scorecard: Suntech Power. The Chinese maker of equipment for channeling solar power, like peer Solarfun Power (Nasdaq: SOLF), hasn't exactly been a source for white-hot returns lately.
"Suntech ... has dropped about 19% since last month, largely on concerns about solar panel sales in Spain. That's one of Suntech's major markets, and the Spanish government has discussed reducing subsidies in 2009. That's unlikely to happen, but the company has the backlog to make up for the loss even if it does," wrote Foolish colleague Karl Thiel recently.
oK....CVP.....I go by charts and patterns. I see what your talking about but I think a company that pays 18% Divy and moving up on stock price is all good.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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solf sold at 20.25 folks....you are right i should not even have contemplated holding on till earnings....although LDK showing positive signs says SOLF should also ride high but i didnt want to take chance....
Posts: 544 | Registered: Aug 2008
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deathtoradio is on the spot - 20 cents per share is all you should look for when quick fliping up....anyway what is meant by quick is in in the morning and out the same day or next day at the latest...i know i know about the 3 or 4 strikes you get per week before you need to maintain the 25k rule - but i am not qualifying for that yet -
R1 any thoughts?
Posts: 544 | Registered: Aug 2008
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quote:Originally posted by rajthebam: deathtoradio is on the spot - 20 cents per share is all you should look for when quick fliping up....anyway what is meant by quick is in in the morning and out the same day or next day at the latest...i know i know about the 3 or 4 strikes you get per week before you need to maintain the 25k rule - but i am not qualifying for that yet -
R1 any thoughts?
You don't have to make $0.20 on a trade to make money for starters. Depends with how much money you have. Go for the intraday trades....just stay at 3 or under.
SIRI....I would like to see where you seen it say it will be at $0.99.
WM.....I am really getting confused with the financials. Hard to keep them honest. BAC goes down, PMI goes up, C goes down, FRE and FNM goes up. What the heck is the deal? Last month....FRE and FNM went down and took the whole sector with them. Now they move up and pretty much the market pukes??
I'm sitting back for a minute. Sitting on BAC and ONT still. I want to get past this holiday and see what the market brings.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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Nothing looks all that promising today. I've been watching AUY, and if it dips down below 10.50 in the next few days I might consider getting in.
Posts: 55 | From: Pennsylvania | Registered: Apr 2006
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ONT had a nice little spurt today R1. Wish I had tried to get in under .45 like I said.
Posts: 55 | From: Pennsylvania | Registered: Apr 2006
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quote:Originally posted by rajthebam: solf sold at 20.25 folks....you are right i should not even have contemplated holding on till earnings....although LDK showing positive signs says SOLF should also ride high but i didnt want to take chance....
You nailed it....nice exit point. It's at 17.04 premarket today.
Posts: 111 | Registered: Dec 2006
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stock being oversold is good thing correct? that means its reached a point where no more selling will happen and buyers will push the stock higher, right?
Posts: 544 | Registered: Aug 2008
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FRE....$4.07....I think let it shoot up then short it back $0.20 then cover.
[/QB]
R1 - Ive never done this shorting before - could you please explain in details how to do this? by the way i use scottrade for trading 7 bucks per transaction. (may change broker soon within 4-6 months - there are cheaper ones out there now)
Posts: 544 | Registered: Aug 2008
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you must have a margin aggreement in place to short stocks..its just like buying..you a placeing a bet that the stock will move up..opn the other hand..with shorting on the you place a bet the stock will move down.. the oreders are place with the "sell short" and buy to"buy to cover" stick with scotttrade..there charts are fantastic and the fills are great..there option spreed sheets are great too..oh buy the way..I had shorted solf * 20.20 and just covered * 17.05..if it goes lower im back in 200 shares for a short pop * 16.78..
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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rajthebam..you must remember..its not the "price" of the stock that matters..its the direction of the move and percentage that really matters..i have been making buck on srs and x also..bad news is good with these if you dont have a "short" account, srs is a good play with housing and all ..but its tuff to tell these days..bzh just doubled in 1.5 months
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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Way to go Morpheus. I thought about shorting SOLF also but money tied up. Don't feel like taking a loss just yet.
Shorting, Morpheus is right. As for shorting FRE or FNM....I hate those companies. They are up again today. When will it stop but keep an eye on them for any signs of fitigue and then short them.
BAC....back up at $29.56. Still missing my target ($31).
News are saying that BANKS are going to start reporting PROFITS. If that is true, don't short anything. They will lift the entire market. They are also saying that FRE & FNM might not need help now. Saying they are profitable all the sudden. That is part of why FRE is up 53% this week and FNM is up 24% this week. Also thoughts of a MERGER has a buzz.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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sorry guys but i still need help with this shorting stuff....
Morpheus: when you say you shorted SOLF at 20.20 - do you mean when the stock was 20.20 you bought put options (predicting it will go down meaning short)? if so did you have to pick a price at where it would go down to?
also what do you mean you covered at 17.05?
and if stock price goes lower, "I am back in 200 shares for a short pop at 16.78?" please explain this as i have no clue what you r talking abt here.
thanks guys. If you can't explain above, i'll understand too. it might be pretty basic, but i m not catching it for some reason...(tried googling it as well but reading doesnt help in this case).
Posts: 544 | Registered: Aug 2008
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Think of it like this ... if you sell short SOLF at 20.20, let's say you short 100 shares, you sell shares that you don't have. Now, someone else has those 100 shares and you owe your broker 100 shares at some point. You want to buy those 100 shares for the lowest price possible, because you will make the difference. So if you buy to cover at 17.05 for 100 shares, then you don't owe your broker 100 shares anymore and everyone is squared away. You got them for 17.05 and sold them for 20.20, just in reverse order.
I hope I am explaining it correctly ... it makes sense in my head, lol.
As for the short pop at 16.78 - I think that was being used as a figure of speech. That person was suggesting they would buy in at 16.78 and hope for a bounce/pop/whatever.
Posts: 681 | Registered: Feb 2008
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actually i got in long (meaning im back in..I want the price to increase) * 6.60...it went up shortly after that to 16.93 and then closed for the day 16.33..so im down .27 on 200 shares of 54 bucks gotta give it a little wiggle room..they dont go your way all the time...that is where capital preservation comes in..lose your mola and you are out of the game..so be conservative with only a portion of your total portfolio and pick it for small gains $300 here $400 there(depending on your priciple total)hopefully you are playing the game with enough money to cover you trading cost. $14 bucks in and out and if you are only playing to make 30 or 40 bucks you will loose..there is something to be said for BIG numbers..like im getting ready to plop 30K into MSFT once it goes down to 26 or so..a 10% pop will net me about 3K..but thats just the way i play it..solid corps with a solid history (that is what I said before I took a bath in WCOM a few years back) but hey..I hope that was just a fluke thing..(may Bernie Ebbers rot).hogs get slauttered
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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SoAngel..that is all gobbletygook talk designed to confuse the hack out the average Joe..thia is what you do...you gotta have minimum of 2K account..contact Scottrade (ive been with them for about 8 years now) online has the forms you need..fill it out and mail in the signed form to your home broker site. once your are set up for a margin account...shorting is just as simple as the normal buying process..only wiht you click on the screen to "buy" and "sell" you will notick a few more entries.."sell short" and "buy to cover"..lets says that UAUA is at $10 bucks and you think its gonna tank (hint hint hint) you simple click on the window.. a pop up appears and you click the "sell short" tab...if its 10 bucks and you have 2k in your account..100 shares is a safe amount..when the stock goew down to let say 7.65 and you think that is it..you click on the "trade" tab of the screen and then the tab to bu or sell..now you choose the "buy to cover" and input 100 shares..that tells the broker you want to end you short and like Emril says..."BAM" you are out with a $2.35 profit. Please do not confuse the process with "you borroww shares blah blah blah" It really is just that simple...NOW that you got out for a reason..(you think ythe stock is done going down, so there forme you must think its gonna go UP..you simply click the "buy" tab and select 100 or how many, to buy (this tells the broker you think it will go up from lthat point. If your homework was correct..now you are "long" 100 shares UAUA * 7.65 or what ever limit price you picked and pray to the cyber vegas gods that your picken was correct..if it goes up from that point I hope you Know what to do from there..the usual.. welling shor simply put is just a confusing term meakning you are betting it gonna go down from that point..simple click the correct tabs and off you go... Choose quality compamnies with a track record and history of movement and you will do just fine..
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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please excuse my typing..but you get the gist of my meaning..sometimes I have too much going on at one time..just remember it is as simple as normal buying and selling..just click the correct tab and terminology..gotta go I hope that helped..
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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