This is looking like a good call at the moment centoh14. I just bought back what I sold yesterday. Maybe we'll see a trend reversal. If so I'll start buying back more...
Thanks for the update. Sold a tad more at .366, .37, .372 etc still holding 55% of my original max position. And watching like a hawk whether to buy back any time. This is interesting and dare say a little bit fun...
Nobody ever accused these guys of being smart. But $3.4 million worth of Moelis sounds like somethings up.
At $500 per hour, that is 6800 hours. That's 3.4 man years. That is not likely a refinance. That is more like an acquisition. Just my speculation.
Moelis does mergers, acquisitions, restructuring, etc. They have clients looking to buy and sell everything under the sun including distressed companies. If TC is not buying debt that wouldn't make much sense unless something else was on the horizon such as alternative financing or possibly even a buyout.
Arnold, I'm as objective as anyone commenting on this board will ever be - but the multiple deletions of multiple posts by you makes no sense - at all. In baseball three times means you're out.
Thanks centoh14 for that. Ive been looking at chart theory which I know nothing about but considering the possibility that's 100% fine with me. I hope you're right. And if you are I'll go heavy on this again.
Profit taking and a little pre CC caution in light of a prolonged history of incompetence. Some of us don't expect much and view the run up as likely too far too fast so a little prudence is to be expected. I've sold incrementally multiple times into the run up just as I bought incrementally multiple times into the carnage. I'm holding 60% of my original max position, reduced a tad more today and would have sold more but for unfilled limit sells. But the good news is that a little pullback and some profit taking may be very bullish - just ask centoh - and may be forming a classic cup and handle which could mean a breakout after the handle gets formed. So if we continue to pullback I'll start buying later this week. It's all speculation which is exactly what I like... GLTA longs! It should be interesting.
I agree there's been a lot of speculative run up. It doesn't take much when expectations are so low and I'm considering reducing a little more between now and the big "news" or lack thereof. But is it possible that there is an even bigger cup between 11-3 and the current SP which would mean a pullback after wed could be a handle forming? And wouldn't that still be bullish?
Light, I recall you telling me to check out Claude but I never bought any. TC going from $.125 to $1.78 would be just fine with me. Do you still like Claude?
Right now I'm more interested in what's going to happen between 9:30 a.m. Monday morning and 4:00 p.m. on the 4th. I've made my points and am bored with the topic at the moment.
I'm no chartist but I looked up the theory. Where in the pattern do you see the cup and handle, meaning the left and right rims? Are you saying we already had it? Wouldn't that make what we're seeing the breakout?
I cannot tell you how many times I've squandered quick paper profits by holding too long including some early TC calls that more than doubled in short order after I bought at exactly the right time, only to be greedy and to hold too long and then watch them go down the toilet and expire worthless. Very frustrating. So in general I try to take profits whenever they present themselves and to buy and sell over reactions either way. TC is not so simple. Worst case scenario is that I trade the trend up (or down). Nothing moves perfectly straight.
I've been trading around a solid core position and taking profits and naturally watching it continue higher. It feels like a mistake to have sold any but how can taking profits be a mistake? I'm still holding about 2/3 of my prior position wondering whether to further reduce between now and may 6 when "sell the news" - whatever that may be - could happen? I dont know why but I'm finding TC to be a tough one to figure out at this time (vs January when it was an absolute no brainier to load up).
People are buying the rumor but are they going to sell the news? Who knows. You were a little early on your .40 or nothing proclamation a week ago but we blew past that rather convincingly didn't we. Nice call.
Right now Im most interested in eyeballing you, do Lo and skippy all at the same time. And if I'm wrong my punishment could be setting up a follow up dial in with anyone who wants to join. Also skype is another follow up option. Up to 25 people can join an online Skype conversation but names and email or phone numbers would be visible to all. Tell do Lo and skippy to confirm if this Friday works and I'll set it up.
You go to the nearest kinkos or court reporting firm with video conferencing capability, give them an alias we can agree on and they'll show you to the conference room. I'll just need the locations and addresses of whichever kinkos etc to set it up. But we need all three of you. A call in won't work. Too easy to defeat. But your sidekicks won't agree. Shock me sidekicks and do it.