Interesting to note - the lower fibonacci retractment support level for BEHL today was 0.0534, pretty damn close.
ramble ramble
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Interesting to note - the lower fibonacci retractment support level for BEHL today was 0.0534, pretty damn close.
ramble ramble
re: QASP
hmmmm, somebody needed a shitload of shares . hence the 911 ,100 ,911 trades at the EOD.
copied this from a post on the hub.
Some information about Form T:
This is sometimes used by financial institutions that are non market makers to report larger transactions that actually occurred during market hours, but since they do not have access to the ACT (Automated Confirmation Transaction Service) use Form T to report. In essence, bypassing the MMs.
MMs are basically prohibited from these "Off Market transactions".
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.
These ”Off Market” trades are typically used by larger investors to buy larger lots at prearranged prices without risking to drive the price upward or downward.
^^^^^ spammer!!!!!!!!!!!!!
obv charles deleted the post..hhahahah...
Sorry for the drop in BEHL...but was able to pick up 4000 shares...damn account only had 300 and change in it...Actually had 1600 yesterday...when BEHL cont to climb...picked up 25k more of BCLE and 1M MGLG.
re: QASP
it is obvious that form T was traded at the VWAP. now who and why? was it by whoever was selling the past few days? or from 1 market maker to another?
bill, this has got me more curious than worried. actually not worried at all, im just trying to figure out if the multiple 911 trades was some kind of signal.
as far as the fundamentals of the company, i love it. and look at the ceo's personal history, he's an immensely successful entrepeneur with a great track record..... just gotta have faith in their intentions and let this one ride.
Bill
Patience has finally paid off. been holding SIRI and avg down (since the stockpickin genius that i am) began buying SIRI pre-merger! What a dipstick!
Well...the man with the gynormous buck teeth...finally made good on my investment. SIRI up to .558 AH as of now! Breakeven... .5105
It is about F%^King time...I am now waiting for the interest payment! let's see 53K X 50% interest = $26500...that oughta do it!
EDIT now .55 AH
Jeff
PS The buck toothed beaver said that he'd pay the case of MM for me!
Good for you, it's hitting support and resistance lines almost perfectly these days too - it bounced off of 0.37 support twice, then past upper resistance 2 days ago by a supreme fraction of a penny, then hit the next resistance on the money yesterday, then started exactly on support today, and pierced the next resistance line... hope it keeps chugging. I have it in multiple accounts, so I'm hoping it keeps it up far enough to build yet another base. Think it can clear $1 by the third week of jan? Calls are cheap, and it would be an easy way of getting more shares with a bit of insurance. 0.51 is an older support line that hasn't been used yet, so hopefully, there won't be a drawdown past that.Quote:
Originally Posted by just sirius
DR D
does it need to clear $1 to become profitable? what if SIRI starts trending up do the jan call options become more valuable?
if i want to spend $1000 on SIRI call options for jan (is that the furthest out) how do i buy (buy to open i think) and how many contracts.. i use etrade, my commission is 9.99 plus .75 per contract.
DR D
Thank you for all of your technical expertise! I know that this run still has some legs in it. 2nd qtr results may very well be the catylst that cont to drive the sp higher... Probably will get a retrace... .51 would be OK...hopefully no lower than .55 depending on top of this run!
Where do you think SP will go tomorrow?
Planning to take a little off the table...
Jeff
Yes and no... initially, they will be become more valuable provided SIRI gets up a little closer in price. Since they are trading at 0.10, they should get more valuable, ie. say SIRI jumps to 0.70 and starts holding there - but, when it gets closer to time (the last few weeks), if it doesn't look like it will clear, they will rapidly become less valuable. As in, if SIRI doesn't clear $1 (and look like it will hold) by expiration date close then they are truly worthless. So even a week before expiration, if SIRI was 0.90 on monday, then 0.80 on tuesday, you'd likely sh*t your pants on the drop in value of your contracts. By thursday, even a recovery to 0.95 likely wouldn't bring it up all that much and they'd likely be trading around 0.15 or so, cause now, its just better to just buy the stock - there's no advantage to buying the contracts.Quote:
Originally Posted by bassmaster
Now, if SIRI did pass $1 at any point in time, then of course, they are worth some money, especially if you got pretty far past it. But still, if you waited to sell your contracts and the expiration was a few days away and SIRI looked like it could close around $1.10 or so by friday, then again, the contracts will have some value, but not much. Near the actual expiration day, the contracts reach what's called intrinsic value, meaning the price is basically the same as what the value was if you just bought 100 shares on your own, so think of it that way.
So today, if the price ran up, and say got near 70 cents, then perhaps those 0.10 or $10 contracts may go up a nickel or two or three - giving you 50% to 150% gain, but like said earlier, you'd only get the bid.
Now if the reason you want to buy them is so that you could buy 100,000 shares of stock, its best to really be sure that you think it will be up and above $1 at some point.
Yes, buy to open, sell to close. The contracts are quoted 1/100 of the cost... so last I looked, the ask was $0.10, so that's $10, so that would be 100 contracts you could afford, provided there is enough volume. Currently, the volume was 1430 contracts today. I also see that the last was 0.13, so they are starting to move from basically worthless. $0.10 contracts aren't worth much if your commission is more or close to the price of the contract. Now your broker may only allow you to also buy in or place bids/ask in 0.05 increments. But you may get a better price.. I got an inbetween price today on the EXM calls.Quote:
if i want to spend $1000 on SIRI call options for jan (is that the furthest out) how do i buy (buy to open i think) and how many contracts.. i use etrade, my commission is 9.99 plus .75 per contract.
You can get the info for the current contracts here:
http://finance.yahoo.com/q/op?s=SIRI&m=2010-01
that link is for jan, but there is a pulltab across for other dates - note, anyone could write a contract to add to the open interest at any time - so the open interest is not a limit on the volume.
Just a word of caution - trading just contracts over a longer time period is definately difficult. I won't do it on my own. It's difficult for real pros. (I paid for a service before (my subscription is still good) and the strategy was intermediate term on contract trading and this guy is a master at intermarket TA).
If I were to plop $1K down on contracts, I would bail out as soon as I had a lead. Right now, with them as cheap as they are, the commissions are a little hefty...
At least yours is 0.75 a contract, mine is 1.25 at one broker, can't remember what it is at the other, but you may have to get kind of a decent rise in price to make it worth the risk.
If SIRI drops after earnings say, and falls where it is now, it may be difficult to get 0.05 for them.
I'll post more in that other thread.
Example here - we are still a couple weeks out, but check this out...
http://finance.yahoo.com/q/op?s=AAPL&m=2009-08
See how the puts both went up and down in value?
The $115 puts went down in value as opposed to up for AAPL today, even though AAPL went down in price, thats because the price is so far off and the volatility of AAPLs stock price dictates that the price likely won't hit below $115 by the third week of Aug.
In fact, the $130 strike puts didn't change in value, and you can see that for all the strikes above the actual volume is negligble at best when compared to the open interest.
So, I guess what I"m trying to say is, if you think the price is going to just surpass a dollar by a little, the risk isn't worth it. If you think the price will be $2-3 in october, then by all means.
I"ve been messing with some options calculators to calculate odds and such on prices... I'll update that too later.
I've been watching the option prices the last week or so, today is the first day that the value has changed, and its 0.03 or $3 a contract for those Jan calls.
Anyway, you want some momentum on your side, the best case scenario is that the earnings get a runup and the earnings are good.
Time is ticking though, as the price moved today, did you get yourself cleared already, that could take a day or two.
whatever you do, don't buy the $2 strike price and above contracts, there is no point, if the price gets to $2.10, the $1 contracts are worth a bunch, but the $2 aren't that valuable. I see people are buying those, and they don't understand the concept- even if siri hit $10 a share, the $1 contracts are worth more than the $2 ones. Unless I'm missing something.
I don't really have a prediction (yet - since you asked, I'll look - but usually I think of it as probabilities of them hitting targets - patterns or support and resistance - so making a day to day call isn't usually in the books unless there is the momentum to reach one of the targets - that happened yesterday, and its in the middle now - [just looked at a chart - I have an older set of lines drawn at 0.57, but not sure if they are old and not usable - the initial reasons drift off the charts ] so it depends on the day and the conditions whether I'll call a chance for something making it to its target, if there is a long road inbetween targets, then there is no way of making a price prediction on a certain day, it could take 1 day, it could take 5, see what I mean, but other days, then yes, I can make a call - particularly if there is more than one type of target - like when it peaked in april - there were in the neighborhood of 6 different types of targets in the same area, and the momentum behind it - if I recall, there is some clustered strong resistance up near 0.69-0.70, so I think it would stall there if it continues to run (but what day that will happen, who knows, we are too far away from it, and have more resistance to go - the market could take a dump for a day and slow progress - long winded response - haha - quick answer, somedays its there, others its not), but I'm longer term on this provided it appears the company seems to be getting their crap together. To me the only news worth knowing is the guy in charge has those options for 0.42 cent shares. Some of my shares are free, and the rest were bought near that level, so that's what I'm counting on. I haven't calculated what my average is. The longer term charts (*today*) look promising, so I haven't really blinked an eye at it in weeks - even the russell shuffle's price rebounded exactly at a 0.30 support line, so after that, I figured it was clear sailing - in fact, that line was support + pattern trendline, so even better. The other thing though, is the general market - I think a lot of SIRI holders are almost just that, SIRI holders, they forget that there are people who own a basket of stocks, so say like my friend at MSFT, who is a millionaire, and has been trading since we were in college some 20 years ago, he trades a lot of tech stocks, and could have been a SIRI holder at one point, but on signs of market weakness back before the plunge, what is he going to do? Hold the weak stuff while leaders like AAPL fall?, hell no, that's the first stuff to go. Once he's even considering selling some of his IBM, MSFT or AAPL shares, those smaller companies are long gone - particularly those that had the worst fundamentals of any stock you could choose among the entire stock universe. You can see it when you overlay SIRI with these types of stocks... rambling... but at this point, as long as I see the hopes of another base, I'm long in it, and not trying to trade in and out of it. I bought a lifetime subscription to help out the numbers for this quarter even! (heck, not to mention another player and 3 months of service). I'll have to look at my charts to be sure those numbers I quoted up above are right - so far, I just glance quickly at the support and resistance at hand, and its just visual, since the lines are drawn most of the time, and I have to squint to read them. If I could make a day to day call, day in day out with 80-90% accuracy, I'd be charging a subscription price on my day trading webpage, hahaha.Quote:
Originally Posted by just sirius
Hey guys first time posting been reading here for a month or two. I figured it was time I joined in on the conversation. I am invested in BCLE BEHL EVFL MGLG SPNG and IFSL. I am very happy with my current positions except for IFSL. I think there are some others here that hold IFSL as well. I have come to the conclusion tonight that this company is a SCAM. Today they announced on their website a marketing agreement with Bracknell Shore LLC http://www.idealfsi.com/?p=85 The only way I got their website was from the spoke (as you guys like to say) as the company didnt show up on google search (the domain came up as being registered in April 2009 i believe. One guy posted the link to bracknell and the ifsl websites news feed, a "basher" said it was a scam and posted a "photoshopped" link, and then another guy called the basher out for altering the website himself. I figured all was good since the basher was called out for being wrong. (you guys should check all this out on the spoke they are all in the past 50 posts). I decided to do a bit of DD myself on the Bracknell company since I could not find it on google and the "photoshopped" link was pretty interactive (seems like you would need to own the site in order to do what the basher did.) I contacted the Bracknell group from the number on their site and it directed me to the membershipcare/ideal financial solutions automated teller. I got on the phone with an operator/customer service rep. I told him that i was trying to connect to the bracknell company and he sounded confused and as if someone in the background was telling him what to say. I said "you are the membershipcare or something?" and he did not give me a straight answer. i told him i dialed the bracknell phone number and he again did not know what to say. He gave me some other number to call 800 230 4043 ext. 718 but i asked "so you are membershipcare company? what is membershipcare?" and then he asked me for MY PHONE # ?! i got scared and didnt give it to him then i think he knew i was figuring out some BS going on and he said for me to hold without asking. I then hung up.
So...... I hope that all makes some sense to you guys in here because I wanted to get your opinions especially those who are invested in IFSL. I trust you guys much more than those on the spoke and i value your opinions much more. What I think is going on is their are a few guys working on the spoke that are from ideal financial solutions and are putting on a show to cover up this scam or whatever IFSL is which i am unsure of. I wanted to wait for a PR about a share buyback before removing most of my shares at my .0021 buy price, but now I am contemplating getting out first thing tomorrow?
I do not want to argue this over at the spoke because I am afraid they will shut down the company or something and i will lose all my money before i can sell my shares i they find out people are catching on.
Sorry that this is the topic of my first post, but I will join in on normal convo once we figure this out. Thanks in advance for your help! look forward to interacting more with you guys/ladies here.
Let me know what you think...i'm scared
btw, you ever look at a monthly chart? - clear 0.70, and there is a shitload of people breaking even. that's going to be nirvana if it can sail into that... but you can imagine the number of folks who just want to end it too - it'll be a toughy.
referring to siri -
didn't see the new posters post - but since I wrote this line out -I"m not in IFSL, perhaps one of the others is. But, that's one of the reasons I like google mapping these things, and seeing if the products are in stores, or you can find general media on the products - makes me feel better.
I wanted to dump some siri tomorrow to get into something else but I'm very hesitant at this point because depending on how far it goes tomorrow will determine the retrace IMO. I think it needs to get close to .60 to keep it in the .50's on a pullback. If we don't climb much I think it will fall to the .45 range. All the shares I have left were bought at .13. DUmping now won't make me rich but niether would $1.
No surprise, bcle and mglg are pissing me off:p Patience sucks, I just want to make alittle money.
Dr. Dave, your a charts/TA animal. Everytime I try to understand what your doing, my kids need my attention. After they go to bed, I'm too tired to think. The work you do is great!!
Good evening team.
There is a stock that I've been watching ever since I started investing. It's not a penny (no I'm not trading teams). The company makes flavor modulators and are the only company I know of that does so. They already have several contracts with very large and well known companies.
Just wanted to put the ticker out there and see what you guys think.
I'm not endorsing this as a buy opp. Just drawing the company to your attention.
Senomyx Inc. (SNMX) filed Quarterly Report for the period ended 2009-06-30.
SENOMYX is a leading company using proprietary taste receptor technologies to discover and develop novel flavor ingredients in the savory sweet salt bitter and cooling areas. Senomyx has entered into product discovery and development collaborations with seven of the world\'s leading food beverage and ingredient supply companies: Ajinomoto Co. Inc. Cadbury plc Campbell Soup Company The Coca-Cola Company Firmenich SA Nestle SA and Solae. Nestle is currently marketing products that contain one of Senomyx\'s flavor ingredients. Senomyx Inc. has a market cap of $98.9 million; its shares were traded at around $3.2 with and P/S ratio of 5.8.
actually there was that news piece that they were being "covered" by a hot penny stock site.Quote:
Originally Posted by Dr. Dave
I gonna sell 30% tomorrow @ .60 then when its hits .63 their maybe a big sell off and I will see how much it retracts and decide wether to buy @ .49 or just keep that powder for after the cc and the next takedown to mid or low forties before its final rise to $1 or more!Quote:
Originally Posted by atmgeek1
If it gets to .70's either interday or pre market Thursday I will sell another
50k shares and hold the powder for a retraction and if it doesent retract and continues to rise...I have my last 50k shares I will go long with me 31. adv....or unless it hits a dollar by over reaction of the cc I will sell them for $1....and buy back on pullback.....Thats it for siri...
I am very happy with my Qasp got them on the bottom @ .01 and closed at
.017 for a cool $700 gain and then great PR comes out...I believe this one is gonna be a good one... Thanks for bringing it to the forum...Tony:cool:
Just remember, 90% of what I post is hindsight, so that makes it easy/BS. I'd be a millionaire if it was 90% forward - but I did for a while get to learn under a millionaire who uses 90% TA for a few months. Since then and joining you guys, my balance is growing, cause I get to think about it more, and you guys come up with some great picks. But, I'll try to annotate stuff a little more before I post, I clog a lot of stuff with indicators that don't match what I'm looking at. I"m one of the nutjobs that thinks there's a pattern there, you ever watch the movie PI? Disturbing. I spend so much time in front of the computer, my eyes are burning these days... need to look at charts/post less - get in the lab. But, I'm starting to become a crazy penny chaser. :rolleyes:Quote:
Originally Posted by atmgeek1
Dave, I like your DD style of looking at the buildings and looking for products/services available in your area. I know a while ago a few people in here were trying to put together a "screener" of sorts for picking our next few penny targets.It included float, market cap, etc. Did we ever come up with a full guideline for that? Anyway I think the way the building and website looks and availability of products is important to be on the list.
Also, Dave that new search engine bing has a really cool mapping feature called Birdseye view. It is just a little higher than street view but the pictures are so ridiculously clear and current, its amazing. You can also see the buildings from 4 different angles in most places. I actually think you will like it more than streetview.
Have a nice evening all.
I pulled that ticker up by mistake last nite! Did you post about it and put it in that list I compiled?Quote:
Originally Posted by ShotsII