ISORAY is currently being sued up the 'ying-yang' for Misleading investors (something like this). I just found out ISORAY was included in the RUSSELL MICRO CAP INDEX FUND June 30 2014. SPEX also was included in the RUSSELL MICRO CAP INDEX FUND on the very same day! It's kind of creepy these 2 stocks have something in common.
Since membership in this fund lasts 1 year, I wonder if these stocks will be included for another year?
Idontbelieve posted: Keep up your investing the more you try the more it's perfected.
Thanks. Right now I am mainly a dividend investor. The only chart I rely on is the 52 week price chart. When I choose a stock I will set limit buy orders on dips. I have to work on my exit strategies -- although this seems unreasonable for dividend paying stocks. I recently bought LNKD on that major dip a few weeks ago @199.99. Added @194.99 and have another buy @189.99. I do have an exit @249.99.
I read SWIHART on another board and he recommended SPEX. I read about the company and it sounded like a good speculative stock to have. When they were included in the RUSSELL 2000 MICROCAP INDEX, I took the gamble. As a somewhat inexperienced investor, I bought too often on dips. I am out of SPEX for now and look forward to reading your posts. 😇
Kaiser I'm still getting used to day trading.. had my finger on the trigger at $2.9x's and didn't pull.. I regret it now so I guess it's not for the faint of heart and it will take a Vulcan type of protocol to day trade..
Russ posted: I'm going to allot a portion of my dry powder to day trading these risky "gems"
Good luck. I'm watching PBMD (thanks to your recommendation). Not investing in-- just watching out of curiosity. 2 days ago a 236% gain. Yesterday an almost 50% loss. Swihart is the one to give day-trading advice.
Well perhaps I've only seen you where I've been lately but I've seen you on two boards this week. I was in on LNKD, had a huge gain that day and was surprised to see you there as well. Keep up your investing the more you try the more it's perfected. LNKD was a 50% gain for me I'm out already but imo if you're watching those stocks you're in the right direction. I'm sure I'll be posting more since I just recently made a yahoo account finally. My eye is currently on UAL. It will have to pop soon i feel. Don't invest off my suggestions though please it would be unwise to follow anyone's lead without knowing their entry, exit, amd investment strategy. Going in blind is like playing Russian roulette. Keep it up though it always pays to learn.
Swihart & Kaiser I had to get aggressive and now I'm going to allot a portion of my dry powder to day trading these risky "gems".. It's not how I wanted to invest but I need to make up some losses.. buying and holding a company like SPEX has been disastrous..
Idontbelieve posted: You are a well-traveled investor I will admit.
Thanks for the compliment but I'm not well-travelled at all. I wish I knew more about investing then I do.
Good job Russ...biotech is SMOKIN" HOT just about daily...I mention these other stocks too to help some of the longs here recoup their SPEX losses...I've recovered all of my losses and much more playing biotech....it is very volatile and you have to move fast and not be scared to take profits and not care of it continues up and holding overnight is always a gamble...I watched PBMD yesterday but had no more day trades and I wasn't gonna buy at 4+ without being able to sell by EOD... could have made 50%....SMH....I HATE THE PATTERN DAY TRADER rule of 3 round trips in 5 days...ties my hands alot when I want to play a fast runner but have no roundtrips left...
Let me join the SPEX talk and the other interesting gains! First off, Kaiser I've seen your posts on several boards it isn't even funny anymore! haha. You are a well-traveled investor I will admit. Russ congrats on your ISR, well played. Now regarding SPEX: To all of us true SPEX believers, though we really must sit and endure the pain. If we must hold our feet to the fire until we come through on the other end, so-be-it. I wouldn't recommend anyone place their entire holdings into one stock or investment strategy.
Everyone has heard the saying about putting on your eggs into a single basket. If you're well traveled on the market then hold steady, make money elsewhere while placing money from gains into this SPEX if you feel it can happen. In my opinion its not rocket science, if its not gaining but you think it will gain, invest. If its not gaining and you think it will sink, write-off. I personally have been making gains elsewhere and buying these at the discount rate. But if it were to fail no harm done because I'm diversified elsewhere. I think if we all take our emotions out and see the big picture, it becomes very clear how this SHOULD end. Doesn't mean it will mind you, but I believe in the odds, if you don't you shouldn't even have stock at this point. I'm not pumping nor glorifying SPEX's performance, but if you know how to play your situation, there's always a way to make it work for you. Best of luck to all and keep up the good trading be it here or on other stocks.
Only near term meaningful headline that I could see would be selling of assets or the dreaded need to raise cash.. I would like to hear other opinions if any.. VRNG is just a example on how difficult to monetize these IP's..
I never wanted to day trade but to make up my losses on SPEX and the beaten to death commodity sector I'm resorted to take on risk and follow the trends quickly.. I'm possibly looking to get back in at $2.11 or lower.. Using the house's money.. It's still a great potential long term story..
Hey Kaiser.. I didn't pull the trigger on AVEO this am at $2 regretting it now, didn't want to jinx my winnings from yesterday.. I'm follow the Biotech community and it appears they attack the PPS to the up side when decent news hits the screens.. Could have broke even on my SPEX losses.. To the rest of the SPEX longs I'll try to keep these threads to a minimal and not infest others threads.. I'm still long SPEX with only 1k shrs.. will add more below $.51..