Bergycb...hope you are truthful about your ownership. I have a feeling that there more people here who have made a killing by buying back in November and December. I have, but small with current 2000 shares. I have been trading in and out, but hold core position through earnings. Hard to imagine loading up below 3 bucks just months ago. Good luck to you guys because you are now playing with the houses money.
I hated to do it brain, but I had been holding 1700 shares for quite a while now and sold 1300 of them today. It took forever to get back to even although I have been enjoying the dividends...especially the 1 buck special div. Now it will probably break out after I sold, but I think I can re-enter at a lower price.
Buy the dips...amazing I was able to get shares at 14.80 a few days ago. Interesting to see what the percentage of institutional ownership is now.
Has there been an official announcement of earnings release? Not seeing it on PEIX website.
Got to disagree. I put stop in on half shares at 17 bucks when we went to 18 and got stopped out. Did not buy back at lows, but back in at 12.70, 13.25 and 14.70. I now own more shares than I sold at 17 bucks. I do agree not to put in stop for entire position, but when you are up so much there is nothing wrong with taking some profit. I had never been up 300 percent on a stock in my life as I was with PEIX, so I had to set stop to protect some of profit. I will do it again on half my shares after earnings if...and I say if...we go to 20. If we continue to go up, it is OK. If I get stopped out, means chance to buy back lower.
Very good question. I am up big on PEIX and other stocks I own. Memories are still fresh from last crash and I have often thought about putting stops in very low to protect. I put tight stops in on volatile ETF or ETN that I own. Looking at the way the market reacted this morning made me think I should start to protect profits. However, obviously it would have been a terrible move in PEIX today. I do not think that there is a conspiracy theory to the markets. There are market makers that can manipulate the stocks and obviously there are high frequency traders that can impact day to day trades on low volume like PEIX. I cannot answer your question, but I know I bought the dip yesterday and was not nimble enough today to react. Had some issues with trading 3X bear gold funds that worried me.
These message boards are dying. Where are you hanging out...stocktwits...other? I need some laughs that you always provided. There is guppies on stocktwits...only difference is they provide nice charts.
I am lucky that I have company cell phone and TD AP. I am all over the plant...my job is to schedule the entire plant...raw material...scheduling...shipping...communicate with GM, Ford, Tesla. I am always moving, so constantly with cell phone and checking investments when I can and setting Limit, Market orders when I can. I still want to retire and do this full time. Turning 52 July 8 and getting closer.
Hellava day today Kelly. 1700 shares long FCX. It has been range bound forever, but I hold and collect the div. It may be breaking out now, but do not care. This is one I will hold for long time and keep collecting div. 10,000 shares long DGAZ. Will put in stop tomorrow before storage report at 10:00 am 15 cents below the ask. Only sell half at stop though. Keeping all shares in PEIX into earnings. Bought some JDST today at 11.80 and will buy more in this range. Time to look at volatility funds...VXX and UVXY for entry short term. These funds have been short it and forget it, but with volatility in the range it is now, you could get a short term bounce in these funds through end of July. Good luck to you in your trading. Even my spec play penny stock was green today! ACTC long 20,000 shares.
I also trade with TDA and I am 52 years old. I have worked in the same automotive supplier plant for 33 years and ready to retire and try investing full time. Almost there. I still drive a 94 rusted out Blazer, but have put 2 daughters through college and have nice home with inground pool. I am a tight wad when it comes to money, but my wife and I are going to retire nice and not work till 70. I cannot believe that trading stocks could give such rewards. We should all have started when we were very young.
I agree...I keep telling myself to look at the chart of any stock I own. It does not go in a straight line up or down. I get married to stocks and fail to look at the reality. You must take profits when given and have cash for another day. There is heart break and euphoria. I had heart break with WYNN, FB....had euphoria with CLWR and TPX. Made some money on all, but could have done so much better by holding. I am currently holding FCX...many shares at a loss with my PPS, but a gain with dividends. I am also trading DGAZ, UGAZ short term and JNUG and JDST. Also VXX, UVXY. All of these funds are short term trades, but fun to trade due to volatility. I am trading half my wife and I retirement and all of our savings. I have made 30 percent gains last two years. I will take it. I only realized that letting my company 401k options were not working after 2009. I did not realize you could take half out and invest yourself, but now doing it and beating the damned mutual funds with company plan. Nobody cares about your money more than you.
Biff...I am glad that you are able to be relaxed because you own so many shares, but the reality is that many shareholders are nervous. I am up big on my shares...but the reality is you could give it all back with one bad earnings report. We all have enough information with doing some DD that this earnings should be great, but the lack of understanding with warrants and what it does to earnings is puzzling. The reason I have asked for a poll...is because I am unsure myself. I own stock in many companies. I cannot go all in with one company. I am curious as to what other companies you own....or do you have all your eggs in one basket.
Here is my 7 bucks for this post to you Ray....can you give us some tips on your current investments? No!
Can you give us reasons why you live in the past? Companies are able to make turnarounds when market conditions become favorable with input costs to products. I am sure you could research it, but it is common sense. I am also sure, that you will find some very successful large cap companies today that struggled through the same thing PEIX is struggling with now and are bellweathers today.
I continue to work full time...10 to 12 hours a day. I do not have time to message on Yahoo boards all day long and have realized that it is futile. How many people on these boards post that they are under water on a stock? You either have people who made a killing and brag...or bashers like you. The reality is that you weed through positive factual information on the boards and do your own DD. You offer nothing. Kelly is bias long, but she constantly posts information that is important to the price of the shares of the company. You offer nothing. Elehans posts also informative posts regarding facts to the PPS of the stock and gives reasons for buy, sell or hold. You give nothing.
Who here is holding into earnings? Who will sell some of their position and hold the rest into earnings? I am going to sell quarter position into earnings....at a price target of 17.50 if it gets there. If we stay in the 15 dollar range, I still have not made up my mind day of earnings. Sucks not being able to put stops in when they report after the bell.
My current average price is now 9.50. Honestly...I sold half position before 4th quarter earnings and was burnt. Put in stops at 17 bucks and made some money after Q1. Last two buys were at 12.11 and 13 bucks even. Total shares owned now is 1880 shares. Small fry compared to Biff.
Show me any stock that you invest in that has a chart that goes straight up. Buy a core position and trade around it either through options to protect your long position or through buying and selling the stock and even shorting around a core position. I would bet my life that both the bashers and people claiming to be long here are doing it.