Andy - CBAI running, you still in it?
It broke pennant
Busy trading at the moment - wondering what the news is - will check back in later.
SAWEEET -
CBAI completed the pennant at target in a single day - normally this would be a sign to cash out - but with the volume, and solid white candle and closing above near term resistance - it could be a real popper tomorrow!!!
Geez what a day - lot of things exploding, but slept in too late - need to get back on dawn patrol.
dave dont even waste your breath with big ben. he is a known basher on the siri thread.
anyways, i dont know if your still on your self imposed ban of trading until new year. but take a look at IMAX. looks like it broke out of a flag formation today on some good volume, looking at a target of around $14.50... i may pick up a couple of FEB 12.50 call options tomorrow morning. i just wanna make sure it still got some good momo..
dave whats up with shipping, undervalued or shltty economy?
Yeah, I usually don't go for trading arguments - I'm not responding to that guy anymore - he also likely doesn't understand FAZ and such - the Vix isn't moving, so until then, he'll lose via options decay.
LOL, but - no, I didn't last long on the ban - been trading like crazy, but I'm online to get the stuff done that I wanted to get done... almost - I mentioned ZVTK on here, and it got a pop. Need to change my tickers again.... lol.
Nice on IMAX - time to buy is the second it makes a new high. I may have enough cleared out - sold a bunch of stuff today.
Bill, I know you've been a long time believer in Dry Bulk, and I have a good portion of my portfolio in DRYS and OCNF for quite some time now. Of course I've averaged down quite a bit on both to put myself in an OK spot.
However, OCNF doesn't appear to be as good as I thought it may have been. the dilution has put itself in a spot that it will be awful hard to get above $2 IMHO. People talk a lot about it being a scam and that the Greeks will run her into the ground.
Not to mention they're talking about too many vessels being built and sold in 2010 causing the BDI to slip. What are your thoughts here? I feel strongly about shipping as do you, but I'm not sure how 2010 will pan out. And if it does will OCNF run with the others???
got a few of those imax feb 12.50 cALLS @1.35 once the new high hit
Last edited by Dr. Dave; 12-30-2009 at 11:38 AM.