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ConocoPhillips Message Board

rlbeard6734 574 posts  |  Last Activity: 4 hours ago Member since: Jul 17, 2008
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  • rlbeard6734 rlbeard6734 4 hours ago Flag

    I agree, I was in aapl from 80 to 650 and the stock price action here is very similar imo. I am in this one for at least a double or more, original position average at 75 to 76 area.

  • Reply to

    State Your Case - Here's Mine

    by geringerart Aug 28, 2014 2:12 PM
    rlbeard6734 rlbeard6734 5 hours ago Flag

    I would agree totally with your feelings, besides no one is correct or can forsee 100% of the time. risks are involved on all stocks, I am happy if I can hit 60% and let the winners run and cut the losers short if possible, I was blindsided here but do not put any blame on the CEO or anyone else, it is business and I am still holding and have added 30% on this sell off. This is a long term hold for me, the only question I have not gotten a 100% answer to is the tax implications of the unrealized loss I have when this inverts, the company says I get the loss on the closing price at time of inversion but others have said no I have to carry it forward as cost basis. I guess it will come down to how my brokers call it at that time which is less than 3 weeks away. I owned Qcor which did an inversion with MNK and MNK has rallied substantially post inversion and I expect the same here. IF I get some more stock sold I may add here.

  • Reply to

    now up over $23 on

    by gemini_dealer 14 hours ago
    rlbeard6734 rlbeard6734 5 hours ago Flag

    my sons had some in their accounts and I sold it all today at 117 for a nice gain for both of them.. will look at reentry at a lower level if it pulls back, 28% in one day is too much for this news IMO but irrational exuberance could move it further. Got to be happy with such a gain regardless.

  • Reply to

    Looks like the UTHR only win 50%

    by robmengnny 12 hours ago
    rlbeard6734 rlbeard6734 5 hours ago Flag

    I would agree it looks like it has topped out so I sold at 117 happy with a 30% 3 day gain. almost bought more this morning but was trying to raise funds by selling another stock and this took off before I got it done. just needed another 5 minutes

  • Reply to

    GILD should be $150 to $160 by 2016,

    by awang25f Aug 27, 2014 2:19 PM
    rlbeard6734 rlbeard6734 Aug 27, 2014 8:50 PM Flag

    you let profits run I am in at 76 and wont get out til fundamentals change I was in aapl at 80 rode it to 700 then got out at 650 on the sell off that went much lower when growth slowed. I see this going to 150 plus in next 12 months and no reason to get in any exit hurry, can afford to ride it until fundamentals change.

  • Reply to

    Cash in my $105 leap calls for shares?

    by mrkincai Aug 26, 2014 10:52 PM
    rlbeard6734 rlbeard6734 Aug 27, 2014 12:50 AM Flag

    I have jan 2015 $40 calls and they have no time value but their is no need to cash them or convert them until near expiration ( I intend on converting half and cashing half) In your case though you have$17 of bluesky in those calls and I would cash them and convert to stock or convert them to very dyeep i40 calls. book the profit and buy stockn the money calls that you can convert to stock later. buying calls is not usually a good way to go but congrats, I bought mine because it was cheaper than margin and I bought deep as the stock was 75 when I bought the $40calls, book the profit and buy stock cant lose taking profit and owning stock on options you can lose it all

  • Reply to

    Thoughts on $10.38 low of the day................

    by xx369 Aug 26, 2014 7:14 PM
    rlbeard6734 rlbeard6734 Aug 27, 2014 12:42 AM Flag

    be prepared for it to go much lower when the distribution is cut in about jan 2015

  • Reply to

    How can PSEC sustain rising distibutions?

    by bluedreamdreamer2 Aug 26, 2014 12:39 PM
    rlbeard6734 rlbeard6734 Aug 27, 2014 12:41 AM Flag

    the size of PSEC has doubled by diluting stockholders ownership and the income per you shares has dropped. Are you people that ignorant on how this company works. The only important numbers are the income per share not that they double thier revenue while increasing share count 110% that is not good. retained earnings have almost disappeared and the current burn rate it will be gone in one more quarter, Then if the distribution is cut and the stock goes below 9 will you still not know what is going on. Stupidity is spelled with a C in this example Arent you one that was saying this would go to 14 and saying the same stuff when it was 12.50

  • Reply to

    How can PSEC sustain rising distibutions?

    by bluedreamdreamer2 Aug 26, 2014 12:39 PM
    rlbeard6734 rlbeard6734 Aug 27, 2014 12:35 AM Flag

    you are not the smartest apple on the tree are you minnyfan, earnings dropped per share they had more shares from selling more shares but the income per share is all that matters and not total revenue. If you dont understand that you should not be in the market.

  • Reply to

    How can PSEC sustain rising distibutions?

    by bluedreamdreamer2 Aug 26, 2014 12:39 PM
    rlbeard6734 rlbeard6734 Aug 27, 2014 12:32 AM Flag

    in two more quarters they will cut the distribution and that is my prediction, look for a 15 to 20% haircut

  • Reply to

    Inversion Rhetoric High, but....

    by geringerart Aug 26, 2014 1:50 PM
    rlbeard6734 rlbeard6734 Aug 26, 2014 8:57 PM Flag

    I hear what pain you went through and how you held but for me that is not consoling, I do not like to sit through those types of swings I would much rather a stock like AAPL going from 80 to 650 or gild going from 50 to 10y0 and not those major down cycles. I say that and I own over 500k in this stock because I do believe a lot of what you are saying but I ystill dont like those wild flucuations and feel the downside here was extreme for the event but do not feel comfortable buying more but wishing I had bought all here.

  • Reply to

    Weak hands sell. On no news.

    by ajetjock Aug 26, 2014 10:00 AM
    rlbeard6734 rlbeard6734 Aug 26, 2014 8:43 PM Flag

    you know the same could be said for some longs. I was long and lost 130k on this stock and I think management stinks at this point, taking bonuses two quarters in a row when they were losing money, not filing any new ANDAs, not getting any new approvals, not telling us what the heck was going on. This is not a stockholders dream. I moved to UBNT and have made up about 1/2 of my loss so far while this continues to tank,
    BTW UBNT is 65% owned by its CEO and he gets no salary or bonuses. A lot like steve job s he can see the future.

  • Reply to

    GILD puts be in an Obamacare bind....

    by keltus1952 Aug 23, 2014 1:52 PM
    rlbeard6734 rlbeard6734 Aug 24, 2014 9:46 PM Flag

    your thoughts dont correlate with science, hep c is passed through contaminated blood transfer, this happens basically through needles, which can be from bad blood transfusions(although with current testing is getting rarer in the US), drugs (the prevalent method), tatoos ( although current practices for tatooists has lowered that) and blood exchange through what I will call aberant sex, or sex with a lot of tissue tearing as in homosexuality Those that have hep c through these means would like you to think they got it by going to Sunday school but it is extremely rare for that to be the case, for those that actually got it innocently I am sorry to paint you with a wide brush stroke but the number is less than 3%. That being said we are all human and treatment is needed and no one should be heartless in this manner or not cover those unfortunately infected but I dont believe I should have to pay for thier impropreties but that has been the case for all time so that wont change either nor more than likely should it. WE should all be willing to help those that are less fortunate than ourselves even if it is self inflicted.

  • Reply to

    GILD puts be in an Obamacare bind....

    by keltus1952 Aug 23, 2014 1:52 PM
    rlbeard6734 rlbeard6734 Aug 24, 2014 9:35 PM Flag

    keltus I have more bad news for you unfortunately, when you get on Medicare your premium you pay will also vary by your income (including passive) the premium rates vary from approximately 3 levels of about $105 lowest to 210 to 315 if your income is over 225k so it doesnt get a lot better. What upsets me is that those that paid the most for years and then saved are penalized the most in the end. I paid medicare for every dollar I made the last 10yrs since there was no cap on medicare costs of 2.9% then there is more bad news if you make over 250k in stock income you are hit for an additional 3.6% tax for obamacare on those profits. The grasshoppers are in control of the vote now it wont get better.

  • rlbeard6734 rlbeard6734 Aug 24, 2014 9:20 PM Flag

    then why wait??

  • Reply to

    Taxing question

    by rlbeard6734 Aug 9, 2014 6:57 AM
    rlbeard6734 rlbeard6734 Aug 21, 2014 2:44 PM Flag

    that is not what the company told me or their proxy, I guess I will have to wait until it goes down and see how the broker reports it, if they give me losses then I have losses if they carry it over I will carry it over, if they leave the holding period then that will be it but my feeling is that I get the loss this year and a new holding period as HZNP executive has told me.

  • rlbeard6734 by rlbeard6734 Aug 20, 2014 8:23 AM Flag

    sell mnk1 sept 80 puts and buy sept mnk 55 puts which mnk1 80 call is basically a mnk 56 put
    mnk1 sept 80 puts are bid 55 ask 90 mnk sept 55 puts are bid 0 ask 25 this would be really a bull put spread for 30 cents or better for 30 days that will be a gift.

  • rlbeard6734 rlbeard6734 Aug 19, 2014 7:57 PM Flag

    I havenot owned S for over 3 yrs but have traded this 16 times in the last month and currently have 4000 shares at 42.67 and booked 28k in profits previously. how are you doing.??

  • Reply to

    I'm Scare Here, I have a stop loss at $99.99

    by iknightu Aug 18, 2014 7:23 PM
    rlbeard6734 rlbeard6734 Aug 19, 2014 7:30 PM Flag

    the problem and causes of being scared
    1) scared people usually lose money because they cant think clearly and dont have staying power
    2) the reason they are scared is because they are in over their head and shouldnt even be in the market

    It really doesnt matter if this goes down as it did the last major sell off if nothing changes either company wise or macroeconomically and I am not talking about guessing but actual facts and not temporary things like wars, Obamas golf score or things that dont make a long term affect.

  • Reply to

    Riebeard, You From Chicago?

    by catalystforfreedom Aug 18, 2014 3:36 PM
    rlbeard6734 rlbeard6734 Aug 19, 2014 5:25 AM Flag

    .clf had more problems than that, the cost overruns on ring of fire were in the billions, their bookkeeping kept stockholders in the dark for several quarters because of selling stockpiled previously costed out iron ore which took several hard quarters of analysis and that is why i was able to get out early, I could see the earnings losses coming 6 months in advance.
    UBNT what i like is that CEO takes no salary similar to steve jobs at aapl did because he knows that the earnings to company are more important to his net worth than a salary he owns 65% of company so he is totally in this one deeply and wants it to succeed more than most. I mostly like the technology which will propel this..If I wasnt so loaded in Gild I would have more here, I have 1500 shares of Jazz that will be delivered to calls I have sold in the next 30 days I will be investing in this stock giving me 6k more shares about. I have traded this regularly but originally got in with 2k shares at 34 in may

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