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Ampco-Pittsburgh Corp. Message Board

davebugs 71 posts  |  Last Activity: Aug 27, 2014 4:33 PM Member since: Feb 17, 2000
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  • Let Bruno run the dang business!!!

    Does a measly 4% pop make you happy?

    Much ado about nothing the way I see it.

    Now get the hack out of the way. Any attention to this superficial stuff is attention not spent on things that matter...

    That is if you're a LT holder - or plan to be.

    You may want to keep an eye on the options and MAXPAINS the next few expirations. Lots open at 14 and 15 strikes. Which tells me that this was a big yawn generally to the folks that play options. Infact not much activity today.

  • Reply to

    Well, they spent some money today...

    by davebugs Aug 26, 2014 11:19 PM
    davebugs davebugs Aug 27, 2014 8:11 AM Flag

    I make my money off the reactions of others. Hype on the way up, writing calls when I think it's overhyped.

    So what moves the heard mentality - well - I kinda count on that. After I've done my DD and made my decisions and made my investment to begin with. Often I hold some and trade for many years - like here with CREE.

    Perhaps you operate differently, this works for me, has for many years.

  • Much better than a dividend or worse, a stupid aquisition.

  • We'll see what the market may say tomorrow...

  • Reply to

    OT - Strange things in euro world

    by dcxavier Aug 26, 2014 9:44 PM
    davebugs davebugs Aug 26, 2014 10:54 PM Flag

    You trying to make our clowns jealous?

    FYI if you deposit over 5k in a checking account the fed forces your local bank to charge you I believe it's 2.00/ for each additional 1k deposited per month.

    Our "leader" and his folks have succeeded in injuring every who worked and saved.

    Now some of us with small businesses have to pay the bank to take our money!

    Yes - I'm one still expecting inflation like we haven't seen since Carter. Which is ironic because this guy has replaced Carter as the worst leader of this country in my lifetime.

    And they want inflation. So the magic figure folks have in their minds that is the value of their house gets to that magic number. The general public has proved they don't understand economics by re-electing him. So they likely aren't bright enough to understand inflated dollars either. It's all about buying power folks. Inflation effects buying power.

    Never put an academic in charge of anything that really matters. Or a community organizer.

    I believe that you should have had to meet a real payroll before being allowed to run for an office. Our country would be much better off in my opinion. "reality based economics" from the ground level trumps the "I'm smarter than you" academics every time. And we all lliterally pay the price.

    It's simple. You get less of what you tax - think businesses (new and existing), and more of what you subsidize (buying all of those votes - we'll be paying for many years from now).

    When things "normalize" all us risk takers are gonna pay the price yet again. And the world is overdue for these corrections IMO.

    I'm done now.

  • Reply to

    Insider transactions

    by runningblackbeardog Aug 23, 2014 5:42 PM
    davebugs davebugs Aug 25, 2014 3:54 PM Flag

    If you got yours for free. But yet your performance was like his and that it took TRUE performance to make their value go up - you'd dump them all immediately too!

  • Reply to

    The big hurdle

    by storagelh Aug 19, 2014 11:47 AM
    davebugs davebugs Aug 23, 2014 9:48 AM Flag

    14-15 is still nomans land to me.

    Part of why I bought JAN 14 calls to flip quick given the chance.

    Often tech seems to run up into the fall.

  • Reply to

    The big hurdle

    by storagelh Aug 19, 2014 11:47 AM
    davebugs davebugs Aug 22, 2014 10:01 AM Flag

    So far up .10 to 14.63 in a down/mixed market waiting on Jackson Hole news on a summer friday.

    I don't know how you picked 14.50, the simple finvix chart may show 14.75 or so.

    Big spread still on the JAN 14 calls that I own 1.15/1.50

  • Reply to

    it is a take over target for philips

    by kewal62 Aug 13, 2014 3:54 PM
    davebugs davebugs Aug 18, 2014 2:27 PM Flag

    All you're gonna do is have the next person post that it's a GE buyout, or Siemens, or....

    Mgmt does so well in a buyout that it's a deterrent to CREE being bought out. Which I do point out - how entrenched these guys are and bleed this pig with salary, options, and their golden parachutes. I'd look for CREE to make an aquisition to be less desireable as a takover candidate and bleed this thing longer...

    If they ran the business as well as their personel negotiations we'd all be very happy!

    Which means to me the BOD have to all be "yes men" - or atleast they were when all this got put in place.

    Just an investor/observer from afar. I'm mostly out of CREE.

    This and a two smallcaps I own are the best examples of ineffective mgmt. And one of the others just like CREE are very generous to themselves.

  • Reply to

    Klic buying BESIY

    by iceplant Aug 18, 2014 1:04 PM
    davebugs davebugs Aug 18, 2014 2:21 PM Flag

    It took years to overcome the last flip-chip fiasco, long before Bruno.

  • Reply to

    Hey Apollo, we may live close - I'm apollo727

    by davebugs Aug 5, 2014 9:08 PM
    davebugs davebugs Aug 17, 2014 11:22 PM Flag

    Well, FYI there is a town called Apollo NE of Pittsburgh PA and one of the phone exchanges is 567, another is 727.

    And Pittsburgh is AP's home, so I thought maybe there was another local on here.

    I did some work for AP in the mid 80's. Didn't start messing with their stock until late 90's I'd guess. And did so purely on valuation and being a cyclical smallcap.

    Good luck here with AP. Wondering if next move will be up, and I'll sell come more trading shares, or down and I'll replace some trading shares I've sold recently.

    This activist thing on the BOD is certainly new for this company. But that doesn't necessarily mean much will happen fast.

    So we set back and capture 3% in teh meantime.

    But I haven't read more than the highlights of the last ER and they weren't that good.

    Good luck!

  • Reply to

    Cramer ugrades Cree to a buy.

    by denverdude123 Aug 14, 2014 2:43 PM
    davebugs davebugs Aug 15, 2014 2:32 PM Flag

    MF used to be the worst at this!

    Do they still exist?

  • Reply to

    P/E Ratio

    by noreesta Aug 13, 2014 4:04 PM
    davebugs davebugs Aug 14, 2014 9:31 PM Flag

    Seriousley they will become a commodity product.

    CREE just happens to have the technical edge right now. And I'd like to see mgmt manage that(LED market) better than their management of rewarding themselves and entrenching themselves. Making sure they can continue to bleed this company and have a golden parachute if they do get bought out. They do very well at things effect their personal futures. Now us stockholders - well - they don't seem to care that much about us.....

    But don't be dilusional. LED's will become a commodity. And CREE even has a Chinese JV to make it even easier for them to steal the latest Intellectual Property very easily.

    I've compare here on this MB CREE to HP - back in the scientific calculator days of the late 70's. HP was ahead of the curve for a while - until the Japanese could knockoff the products and sell them for half the price.

    This time it's just LED's and likely the Chinese - but we've all seen this movie before...

    It's ALL up to mgmt!

  • Reply to

    Cramer ugrades Cree to a buy.

    by denverdude123 Aug 14, 2014 2:43 PM
    davebugs davebugs Aug 14, 2014 3:16 PM Flag

    That's "his place" not "him".

    Not that I'm sure one is better than the other...

  • I've ignored his posts but they used to show up as ignored with no content.

    We need him to make this stock go higher.

    I forgot about him. He seems the type to be here beating his chest (and other parts) claiming victory.

  • davebugs davebugs Aug 14, 2014 2:46 PM Flag

    If you're serious I'll have to reevaluate my opinion of this company from having excellent products and potential but with inept mgmt to dumping it because Cramer and the like think it's a good stock.

    Usually I just sell into any bump Jim's followers cause. But as the years roll on he has much less effect.

    Have a link?

  • davebugs davebugs Aug 13, 2014 9:38 PM Flag

    Happens all the time on these thin stocks and dark pools.

    MM has WAY too large of spreads. And sometimes orders that should execute don't!

    The ASK is what you needed to pay attention to.

  • Reply to

    Mediocre Report

    by denverdude123 Aug 12, 2014 4:52 PM
    davebugs davebugs Aug 12, 2014 4:56 PM Flag

    The results are always the same.

    So much potential.

    Mgmt's personal piggy bank, golden parachute's in place.

    Investors - well, we don't do so well since we actually PAY for our shares.

  • Reply to

    bought 5000 shares at 49 for earnings

    by hft_lover Aug 12, 2014 2:28 PM
    davebugs davebugs Aug 12, 2014 4:54 PM Flag

    NEVER buy all at one time (or sell all at one time).

    Also some common and some options is prudent rather than laying out all the money for common.

    Not just with CREE, but in general IMO.

    But you're hurting now. So much potential here...not impressed with mgmt at all though.

    The street maybe has finally caught on - no runup into this ER.

AP
21.24+0.16(+0.76%)Aug 29 4:05 PMEDT

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