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Thread: Daily Market Watch - Week of 5/3/2009

  1. #21
    billhart22 is offline
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    OCNF and FREE

    It was a bank holiday yesterday in Greece when the drys went up. They appear to be weakening today. Yes!

    I am waiting for profit taking in the market and for them to fall again. We shall see. I am usually 180 degrees out of sync.

    Let's keep an eye on them.

  2. #22
    trippingthespeculatingpos is offline
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    o crap i didnt notice they are pulling back now. hmm will see how the timing is going to work out for me its going to be tricky :-)

  3. #23
    ShotsII is offline
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    Quote Originally Posted by billhart22 View Post
    It was a bank holiday yesterday in Greece when the drys went up. They appear to be weakening today. Yes!

    I am waiting for profit taking in the market and for them to fall again. We shall see. I am usually 180 degrees out of sync.

    Let's keep an eye on them.
    I really hope they continue to pull back thru friday or maybe even next week. Gotta let this Q1 report for SIRI happen before I sell. Looking good today tho. Nice little run up for the good guys (aka. SIRI longs).

    Bill, thx for the advice on all the Greek shipping cos. I think I'll stick to just the one OCNF. It's been good to me. Bought a week ago at 1.07 and sold yesterday at 1.65 I think.
    Not enough money in my account to buy them all at any reasonable amount. Plus commisions would be expensive.
    Are there any ETFs that trade solely in these stocks?? Could be a nice one to watch if there is.

    Once again you were right about SSCCQ. Just normal trading run up yesterday. Pull off some profits and wait for it to drop again. I'll be jumping in when I think it hits the bottom this next time. So far I've been backwards with the timing on this one. Have bought/sold a couple times and think I'm pretty even on it. Next time I'll prolly buy and hold long term. Get some good profits from it.

    I'm also keeping an eye on LVLT, SQNM, and ELI. Waiting for some news before I act on them.

    Cheers everyone.

    ETFC has my interest. Many cos want to purchase them. They have an application for TARP funds being reviewed. Yet they could also tank and take my money with them. Bought them Friday on the run up at 1.45 and sold at 1.70 yesterday. Nice little profit for a days work. =) If they drop big time I"ll get back into them. Lets hope.

  4. #24
    GoHerdGreg is offline
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    Quote Originally Posted by ray View Post
    I suggest you listen to Bill...lol

    So my recommendation is not to put a stop loss in unless it is at or above your target sell price
    thought this would help your folks

    Hope all is well
    Semper Fi
    Oh, I hear you. What I had planned to do was put in a stop-loss order for roughly 40% of the shares I bought and lock-in a 20-25% gain.

    That way, I can take my original purchase price and put it in other stocks. Then, let the "free" shares sit there and be 100% profit, no matter what they do.

  5. #25
    dread is offline
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    [QUOTE=ShotsII;31534]
    Are there any ETFs that trade solely in these stocks?? Could be a nice one to watch if there is.

    http://www.etfguide.com/news/396/Cla...-Shipping-ETF/

    Hope this helps!!

    Also check out the 6 month chart for SEA. Seems to hit a ceiling at around 12.00.
    Last edited by dread; 05-05-2009 at 10:45 PM.

  6. #26
    billhart22 is offline
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    I am just kicking back....

    I sold off all of my stocks except SSCCQ, so I am on the sidelines cashed out now. I am waiting for a breather in the market (breakdown). It is about time for people to start taking profits, because this uptrend has been really big.

    It just isn't a good time to buy. I will wait for a breakdown and then buy on a breakout and uptrend.

    You may ask...."Bill, why in the hell did you sell out so early"? My answer is that I have been really leery about a breakdown comin. I actually got up too late to check the early session enough, however, I do not feel bad, because I did something wonderful....I made a good profit!

    Greed has killed me more than once.

    I was watching SCSS today and I have it dead in my sights. A mattress company, lol, but I am determined to get it for a dollar or less, so I will just wait.

    Also SSCCQ is really acting like a stock now. It is moving around without having to kick it in the ribs. I am waiting on it to drop also, because I want to buy more of it.

    ONCF and FREE are doing outstanding. It will be really interesting to see where they go on a breakdown. I hope that I don't have to say hasta la vista to them, but what is....is.

    I can imagine that some of you hung in there and made more money from OCNF and I personally congratulate you! Get out at a good time though, don't ride the breakdown when it comes. There is nothing worse than riding a downtrend.

    That is about all that I did with stocks today. The day wasn't wasted though. There was a lot of research to do and it was a perfect day for it.

    If you want, let us know how your day went and what you did with stocks or if there are any that you have your eyes on.

    Have a great night ,

    Bill

  7. #27
    billhart22 is offline
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    PM's

    I get an awful lot of PMs on this board with questions. Usually they are questions that everybody would enjoy an answer to and may be curious about themselves. If it isn't personal, it would be cool to ask these questions in front of everybody. Nobody here bites, that I know of...

    If you are new here, jump in and ask questions and give suggestions and anything else. We would love to hear what you have to say.

    Get to know a few people and have fun!

    Thanks, and put your party hats on!

    Bill

  8. #28
    billhart22 is offline
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    Rumors The Ten Of 19 Banks Failed “Stress Tests” (WFC)(BAC)(C)

    Rumors The Ten Of 19 Banks Failed “Stress Tests” (WFC)(BAC)(C)

    http://247wallst.com/2009/05/05/rumo...tests-wfcbacc/

    I know this isn't the hottest news in the world, but read the article if you get a chance.

    This is what I have been preaching about over the last month to a month and a half. This is the important part:

    Okay, the Administration converts their preferred stock into common stock. Well, well, well....Preferred stock doesn't have any voting rights. Common stock does.

    Now if the banks are now controlled by the Administration and have the majority of voting rights, then the banks have been Nationalized in the truest form of socialism.

    This is a scary deal. People will think nothing of it at first and then will all of the sudden catch on to the Administration's game. The banks themselves are held hostage because of the stress tests and are required to take money to bolster their finances in case of an "Economic Downturn".

    They won't be able to give the money back, because it will have to be kept by them in case of a disaster. So they owe the Administration and Bumbo controls the stock and the vote.

    Now how is the market going to react to this? Especially when Bumbo is planning new Wall Street regulation which will come right after this new ownership by the government?

    Once the Administration gets control of the banks, it will hold the banks hostage and suppress their ability to make gains. They will keep the banks enslaved throughout this Presidency.

    So what happens next? The banks are in continual bad shape, because free enterprise is gone, and will remain that way as long as the government has control of them. This will be quite intentional.

    Bumbo doesn't want the market to succeed, because as it goes up, he loses power. He is not a friend to the stock market. He wants everybody to be the same.

    Out of this will come a lack of ambition and productivity.

    This could become a very mundane nation.

    I pray to God that it doesn't happen.

    Do you care to share?

    It is flat frigging frightening and very wrong in my opinion!

    Bill
    Last edited by billhart22; 05-06-2009 at 01:17 AM.

  9. #29
    dread is offline
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    Quote Originally Posted by billhart22 View Post
    Rumors The Ten Of 19 Banks Failed “Stress Tests” (WFC)(BAC)(C)

    http://247wallst.com/2009/05/05/rumo...tests-wfcbacc/




    They won't be able to give the money back, because it will have to be kept by them in case of a disaster. So they owe the Administration and Bumbo controls the stock and the vote.


    Do you care to share?

    It is flat frigging scary and very wrong in my opinion!
    First of all, WFC was never involved in sub prime, so right off the bat the test is bogus!!!!

    And the current administration is considered a disaster!!!!

    So yeah they have to keep the money cause these clowns are @#$%!! things up royally!!!

    Night night, sleep tight, don't let the communists bite!!!!

  10. #30
    trippingthespeculatingpos is offline
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    o no did the fear police get ahold of somebody in here? lol dont worry bill

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