I don't mind at all.
Long VVUS is my largest current current position.
I am also starting to accumulate shares of ONCY. In general, I think the development of cancer related drugs is a good way to go broke. Remember perifosine? That said, I think ONCY has enough short term catalyst potential that its likely to make another run to at least $5.
VVUS is an investment. ONCY is speculation.
I like to trade around pharma positions that I like long term.
I think KERX is very likely to be a long term winner (let's say over the next 6-12 months). That said, I also think that its equally as likely to be a drawn out process, with several opportunities to buy the dips and sell the pops.
I will participate in the end game, but I'll also book some profits along the way.
Yeah, I know I'll regret selling in the long run.
My year end target is still $45.
But in the long run, I'm afraid it comes down to necessity. As a 39 year old semi-retired trader, I need to book profits from time to time in order to pay the bills.
47% profits in six weeks is any traders dream. Come to think of it, I recon I've earned a vacation. Any suggestions?
Your trash talking on my IAG purchase seems to be well justified at this point. I've at least managed to average down with a couple of purchases under $5, bringing my break even point to about $6.50. I figure my best bet at this point is holding long term, hoping they can continue to pay the divi.
I fear you may well be correct with your deflation concerns. What worries me most about it is that stocks should not be performing so well under deflationary concerns. I'm using every spike higher to liquidate my equity positions, with a goal of being at 80% cash by the end of the year.
I truly think that the next major long term cyclical buying opportunity will be in precious metals, as opposed to stocks or bonds. I think that any silver bought in the near future at the $18 level will very likely increase in value by at least 500% given a ten year time frame.
You know, it's funny. I could post the most offensive or idiotic comments one could think of, and I'd be lucky to get one response. I post sarcastic compliments regarding Extreme, and I get 10 responses in less than 30 minutes.
If i'm being honest, I just do it to try to solicit comments from some of the old school MB regulars. I used to really enjoy this boards company. Easy come easy go, I guess.
Alright, maybe I got a bit carried away on Extreme's behalf.
After all, it was me who coined the brilliant phrase "a prediction without a time frame is meaningless". The artist formerly known as Rhymin once called this the most profound statement in this MB's history.
One small correction to your comments, Shig. As bad as Extreme's call has proven to be, easily the worst call in this MB's history is Quintog's prediction of $5000 silver, based on her reading of the 1300 year chart.
On a serious note, I'm sticking with my comments during our recent chat last month. My buy target is $18-19. My preference would be that silver takes out support at 18, and falls back to $14. This would give my a great chance to start building my physical position for the long haul. Yes, you read my correctly, I said my PHYSICAL position.
Hope all is well in San Fran.
My inner trader surfaced today, and demanded that I take profits in this stock.
47% profit, after commission, in just 31 trading days. Not bad.
I will buy any correction in STMP, as a trade of course, although I doubt I get one any time soon.
I believe his prediction was $18, followed by $14, followed by $8.
$18 now looks just about assured.
Well done Extreme. This has turned out to be one of the best calls in the history of this god forsaken MB.
Really nice call on the support level. We traded close to it today and got a real nice bounce off of it this afternoon.
Tomorrow's action should be interesting. I'm betting on a consolidation between the $21-22 area before the next leg higher. I like the fact that all the recent volatility has been getting confirmed by volume on a daily basis. This supports consolidation as opposed to another move lower. But who knows? I've been wrong before!
If we do consolidate around these levels, I'll likely use the opportunity to add some shares. I think the dividend is safe, and have a hard time turning it down at close to 5%.
I'd never heard of FHCO. After a quick look, every chart going back to the ten year looks phenomenal.
Several hedge funds have established rather large positions in TROX. Given today's high volume, I'd guess that one such fund likely got scared about the direction of the broader markets, and used this morning's spike as a chance to sell some TROX.
Larger picture, I think the chart still looks great. We traded down to about $21.75, which was previous resistance, and bounced a little from there. My money is still on a test of the $26-28 level by August.
Delisting, bankruptcy, a scam of an IPO, a series of environmental lawsuits...take your pick. Actually, its a combination of all of the above over a 4 year period.
For current trading purposes, disregard the chart prior to 8-12.
TROX is a stock I follow very closely. The chart indicates a run to $26-28 in the very near future.
Fundamentally, they just announced a increase in product pricing, which is very bullish.
Nothing is guaranteed.
By the way, my $60 prediction still stands. It is not, however, attached to any time frame. If I were looking for a long term strategy, which I am not, I would happily be buying physical silver at current levels.
What I am looking for is income. And I am reasonably confident that ZSL will provide me with some next week. I have no intention on holding it until silver prints $19. I'll sell it the second I have a 5% gain or a 3% loss, whichever comes first.
I did, at one time, make a serious prediction of $60. I certainly don't recall a serious prediction of $100, but I have been known to post after one to many Crown & Cokes, so i guess anything is possible.
I am what one calls a trader. I have no opinion on fundamentals whatsoever. I simply look at the silver chart, and pick a direction for next week. This morning, I picked $19 as my target, with the help of a little bit of chart analysis. I was confident enough to guy 500 shares of ZSL.
Next week, I may very well be on this MB calling for a return to $26. If I do, it will be based on the chart.
This is now officially the longest I've ever held on to anything, including any of my three ex-wives.
Does anyone know of any other stocks which have similar technicals and fundamentals to STMP? Even after it's recent run, STMP is still undervalued on a PE basis (using a relative growth/competition model), yet the chart indicates a blow off top with no measurable resistance in sight. This combination of technicals and fundamentals is very rare indeed.
As a trader, I look for any reason to take profits. With STMP, I can find absolutely ZERO reasons at this time.
That would be me.
Don't worry though, I'll sell at over $100 by the end of the year.
My advice to you? Stop listening to these Jackass Hedge fund managers you see on TV, and learn how to read an earnings report.