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Berkshire Hathaway Inc. Message Board

davebugs 49 posts  |  Last Activity: 2 hours 38 minutes ago Member since: Feb 17, 2000
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  • Reply to

    klac

    by storagelh 3 hours ago
    davebugs davebugs 2 hours 38 minutes ago Flag

    I give up. Who is art?

    The quarterly Earning Release I understand.

    I haven't traded AMAT in years, I'll have to keep an eye on them and how the aquisition is going.

  • Other simple "tell's" are volume of common or options - which is why I started this thread activity on both sides (calls AND puts) of a strike price that is actually under MAXPAIN.

  • And I'm a LONG time holder.

    They will likely try to get this stock price up before annual meeting that really isn't that far off. Otherwise how can mgmt stand up there AGAIN and justify their performance the last several(bordering on many) years?

    Of course I've thought that before.

    Atleast they stopped purchasing other companies(especially with cash).

    NEWP did buy a small laser company yesterday.

  • davebugs davebugs 12 hours ago Flag

    MAXPAIN is an options term. Basically the stock will end up at the price that will screww the most options owners.

    Pushing the bait I made comments on here on this MB over the years. I don't have the time for the market I used to. Basically it's this: Often an individual such as yourself won't have a clue about lets just say insider information about a stock. And rarely does anyone ever get prosecuted for insider trading - just blatant, really stupid folks. That said it could be someone like a supplier or customer for instance with knowledge the rest of us don't have who is placing bets.

    Often you can spot this "pushing the bait" and still make money off of it. In other words you don't need to actually know the information or who is causing the action in the stock. But can often observe the "pushing the bait" that is being done and play along and make decent returns.

    In other words something is definatly pushing the bait/bobber(like a kid uses) trying to rob the bait but smart enough to not swallow the hook. But you can see the bobber move to there has to be a fish...

    If you think the bait is being pushed unnaturally you can place your own bets.

    Personally I've traded KLIC since the late 90's. Typically cyclical trading every few years by "scale in, scale out, online commissions are cheap".

    I have seen some bait pushed over the years.

    Other than standard DD and following this company for years including CC's, transcripts, etc. some simple data points I use are the simple finviz chart, MAXPAIN, and "pushing the bait".

    finvix and MAXPAIN take no analytical skill, so simple things like that is all some folks use. I'm more of a fundamentalist but over the years look at these other key points mostly because they are all a lot of folks pay attention to. Again - you don't have to be at the bleeding edge of the trend, you just need to be able to recognize it soon enough to perhaps play it in the same direction.

    Don't be greedy.

    I'm at max post

  • May want to look at the Aug 16th 14's that are ITM and traded some calls and twice as many puts today and to the naked eye is under MAXPAIN which looks to be 15's.

    I'm watching to try and decide if to play before ER if I have time to analyze and I think I can get a feel for it by folks "pushing the bait".

    So just a heads up on the activity today.

  • Reply to

    Stuck in this range

    by storagelh Jul 22, 2014 9:49 AM
    davebugs davebugs Jul 22, 2014 5:12 PM Flag

    No mans land right now.

    Next week's ER will likely move it a bit. Just never know which way with KLIC.

    I may do something with options but unsure if I'll be buying or writing some. Often I let the premium determine that as much as some other simple factors. Because I won't risk more than 1/4 of my holdings or add the equivalent of another 1/4 or 1/5.

    Gotta love KLIC though.

    No-one here constantly posting about a dividend or buyback.

    Bruno hasn't squandered the money on a n aquisition.

    Life is good...

  • Reply to

    Trying to buy back some trading shares under 21.00

    by davebugs Jul 16, 2014 10:07 PM
    davebugs davebugs Jul 19, 2014 9:23 AM Flag

    Got them - I believe on the market dip due to the plane being blown out of the sky - I was out all day. I believe I got them at 20.86 I'd heve t look, certainly not the low but for these trading shares that's just fine.

    Closed the week at 21.32 on above average volume on a general market up/recovery day.

  • Just missed getting them today.

    Hard to tell what this sleepy little stock will do from time to time now with an activist involved.

    But I plan to trade half of my position a litlte at a time like I usually do. Including buying back some trading shares I recently sold.

    Good luck folks, assuming anyone out there actually pays attention to this MB.

    Remember to do all or nothing or the fills are bizarre, I've had them fill almost entirely with 1 and 2 share transactions. Which reminds me I need to change my order...

  • Reply to

    OT: BLUE

    by dcxavier Jul 11, 2014 9:24 PM
    davebugs davebugs Jul 14, 2014 11:39 AM Flag

    Just sold my remaining TEVA at 54.87

    Not done with DD on BLUE yet, ATHN having a bit of a bounce today.

    Won't touch MYL.

  • Reply to

    OT: BLUE

    by dcxavier Jul 11, 2014 9:24 PM
    davebugs davebugs Jul 12, 2014 8:01 AM Flag

    When I ge ttime fo rtome DD - thanks.

    I recently sold all my COV rather than wait on the deal.

    Bought some ATHN as a spec.

    Only have a wee little drug exposure with JNJ and TEVA and about to sell the TEVA.

    A few little spec guys mostly from this MB I believe. Not my area of expertise at all. So I appreciate the mention so I can hopefully get to some DD.

  • Reply to

    Should naked short selling be allowed?

    by dcxavier Jul 11, 2014 8:29 PM
    davebugs davebugs Jul 12, 2014 7:56 AM Flag

    It's been done for years, regardless of the regulations.

  • Reply to

    Covered 51.70 pre-market

    by jpmarketer Jul 3, 2014 8:40 AM
    davebugs davebugs Jul 3, 2014 10:27 PM Flag

    I've had similar things happen to me - although not with CREE.

    One of the reasons is the infamous "dark pools". The same reason TDAmeritrade doesn't often show my bid or ask for common or options. Especially on the smallcaps I trade often. If you call - you get a runaround that says that basically "not all bids/asks are shown on level2"

  • Reply to

    Partial OT, KLIC - time to lighten up some?

    by davebugs Jun 16, 2014 11:05 AM
    davebugs davebugs Jun 26, 2014 2:34 PM Flag

    Well, bought those calls back today for .50.

    Less commissions that's 50% return in 10 days?

    KLIC is back in no mans land fo rme for a while here jsut shy of 14.

    "scale in, scale out, online commissions are cheap"

  • Reply to

    order

    by storagelh Jun 24, 2014 9:45 AM
    davebugs davebugs Jun 24, 2014 1:58 PM Flag

    I hear you - I'm trying to buy back the calls I wrote but the premium is stubborn - it doesn't wanna come out.

    And I'm too stubborn to buy them back with less than a 50% profit.

  • Reply to

    cree sucks

    by canyon157ryder Jun 20, 2014 12:48 PM
    davebugs davebugs Jun 20, 2014 10:54 PM Flag

    I'm almost thinking this may be another personality of the tinfoil hat fella with a thing for cheerleaders based on the 2 posts I've seen so far.

    Claims to be an expert - check!
    Has nothing positive to say about CREE - check!
    Claims to be objective - check!
    Yet - for some reason has multiple postings on the CREE MB - check!

    If it's not him, they must be setting next to him...

  • Reply to

    going long athn

    by xdon69 Jun 20, 2014 1:25 PM
    davebugs davebugs Jun 20, 2014 4:48 PM Flag

    I initiated a position here today as well with profits from COV since that deal was announced.

    Now I have to get more serious about doing my DD!

  • Reply to

    Partial OT, KLIC - time to lighten up some?

    by davebugs Jun 16, 2014 11:05 AM
    davebugs davebugs Jun 19, 2014 3:12 PM Flag

    And I did sell my COV for 92.25 over 100% return since the spinoff.

    Don't have much in medical, a litlte JNJ left, little DVA, , little PFE, little TEVA, little NXTM, ATHN seems like a battlefield and the CEO is refreshing. But I haven't looked at the business or his track record. But ATHN may be where that COV money starts to go.

    My total medical related is only 4% of my portfolio.

    So any suggestions in medical, drugs, devices, medical IT, etc. Usually it's closer to 10% but I've sold to remove all costs form most of these holdings (except TEVA). I have no expertise in the area. Don't like MYL's management so that's out (I live somewhat close). Some companies I used to own were taken over like BRL.

  • Reply to

    Partial OT, KLIC - time to lighten up some?

    by davebugs Jun 16, 2014 11:05 AM
    davebugs davebugs Jun 19, 2014 3:03 PM Flag

    Well, it didn't get high enough to sell some common, but if I had and now KLIC is almost a buck lower I might be buying those shares back.

    The premiums are still kinda high IMO. The ones I wrote for 1.00 are .65/.75 when they are half what I wrote them for is usually my target to buy them back.

    Time will tell...

    Good luck folks.

    "scale in, scale out, online commissions are cheap"

  • I see no news here at Yahoo, I'm heading for brokerage accounts to look.

    o.k. mid morning JUIL 25 calls 2,300 traded and there had been 595.

    Still don't see what may have caused that trade (or unwind) but I'll go looking...

  • Reply to

    Partial OT, KLIC - time to lighten up some?

    by davebugs Jun 16, 2014 11:05 AM
    davebugs davebugs Jun 16, 2014 6:52 PM Flag

    Sold OCT 15's for a buck instead.

    Closed at b/a .85/.90 if I can buy them back at half price that's what I usually do.

    If KLIC continues to run I'll likely sell some trading lots or write more calls.

    "scale in, scale out, online commissions are cheap"

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