Market Watch for week of 11/02 - 11/08 2009

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Originally Posted by Dr. Dave

Lol, all of my stocks were up or even except for QASP. But my account lagged (down), cause of those residual option plays - the halves that I didn't sell on the strangles, they are all next to worthless, so I'm down a whopping $46.50 in my main account.

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LT -

I posted this the same time you posted... it wasn't a response to your post! I didn't see it.

But also, if you want to stop some of the pain, maybe consider getting out of what you consider the absolute worst stock in your portfolio (or maybe half of it), and just see if you feel better. If you do, then consider taking out the other half, or maybe half of another. A lot of traders will take profits on the stocks they are up in, and hold the worst ones until they break even... From my experience - take DKAM for example - that isn't always the best choice... Trading shouldn't be excessively painful. Frustrating at times, yes, but ultrapainful, no...

SPNG

hey folks...

I thought that I would give you guys, and Julie, Too, a bit of a head's up. The stuff's about to hit the fan @ Spongetech & I expect to see some major changes very soon!

Yes, that's right, I sent them a scathing email today. My expectation is that it's going straight to the CEO for action!

reposted HERE for your benefit ;-)

Subject: Investor Relations
Message: Hey Spongetech... Your "Management Philosophy" states that the company is against bringing a product to market that is harmful to the public. Well, how about instituting a philosophy of "Not Harming The Investors". I mean, really, we're losing are shirts with you guys. Why the heck don't you guys just file the darn 10K, already!?!? What you are doing is NOT cool. Sincerely, Ramsey


So, yeah, you folks just sit back and let me handle these guys...
:D:D

Ramsey

We got your back...if they send out the goons...pack your shirt and shorts with spongebob sponges...the clubs will bounce right off!

Hey Guys and Julie too,

What's your take on this one? Chartwise, support is really clear.
NPWZ
http://www.neahpower.com/company.html

Trading under a buck right now...

Quote:

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Originally Posted by Ramsey

SPNG

hey folks...

I thought that I would give you guys, and Julie, Too, a bit of a head's up. The stuff's about to hit the fan @ Spongetech & I expect to see some major changes very soon!

Yes, that's right, I sent them a scathing email today. My expectation is that it's going straight to the CEO for action!

reposted HERE for your benefit ;-)

Subject: Investor Relations
Message: Hey Spongetech... Your "Management Philosophy" states that the company is against bringing a product to market that is harmful to the public. Well, how about instituting a philosophy of "Not Harming The Investors". I mean, really, we're losing are shirts with you guys. Why the heck don't you guys just file the darn 10K, already!?!? What you are doing is NOT cool. Sincerely, Ramsey


So, yeah, you folks just sit back and let me handle these guys...
:D:D

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Just how late is that thing anyway???

Ramsey... thanks for all you do... i'm in for 750k shares and i don't know what i'd do if not for this site... i'm down and in @ .14 a share... i've got a chunk tied up in this...oh well i could be wasting my money on Siri:clap::clap:

Wow, this morning is a real thriller! I am glad that I have a couple of appointments today.

The whole market is going up....and my stocks are all going down....sinking...like a torpedoed ship in the ocean.

I don't know what to say....except that "time" may help. A couple 50 gallon drums of pixie dust might help also.

It's a mixed bag for me... the big boards are mixed for sure, and my 2 gold stocks are mixed, but, I finally scored on one of my option plays. I'm was still kicking myself for that big loss that I took on the FSLR option play - where I only bought one of the options - the call, and not the call and the put... where I picked wrong. That cost me a bit. The rest of them - look at my ticker list - were basically even on stock price, but I lost on the extra premium due to the earnings reports. It was pretty tough to go in one more set, but I saw that if you hit one, it really pays, so I gave it one more shot on priceline. Bought the call and the put... just sold the call for 570% profit. The put is down 95%. So basically for every ~$500 you put down on a contract pair, you profit ~$1000 or 200%. You need a stomach though. This likely puts me at a total breakeven, but if I didn't get greedy on the FSLR play, I'd be in big profit... and huge if I had the time to take the AMZN play, and would have taken FSYS over MGM the other day. Next season though... I'm also sticking with the stocks I that I know play a little better, the techs are basically the good ones..

Also, if anyone is crazy enough to do it, waiting for the power hour for your sell is pretty key, I had a scratch on GRMN cause I woke up at 10 am, and sold the winner of the pair for breakeven, then it went well into the profit zone later. I sold the PCLN one just before power hour to ensure I got my money, but now it's powering up. Making ~$1100-1150 for the pair... the put is so worthless that it's going from $10 to $5, during the power hour, but the call went up another $100-150.

I guess my lesson there is, it's better off for me to play by the rules than get greedy!

Ok - I'm shutting out QASP for sure today. It's below my line in the sand. Good luck to you guys. If it does head lower, look for the bounce at an even 0.01, same for BEHL. BEHL has a little rally going today, another up day tomorrow would be really good.

Out of the QASPer, and didn't change the bid or ask...

OCNF 3rd Qtr results




OceanFreight Inc. Reports Financial Results for the Third Quarter 2009
Press Release
Source: OceanFreight Inc.
On 4:05 pm EST, Tuesday November 10, 2009
Companies:Oceanfreight, Inc.
ATHENS, GREECE--(Marketwire - 11/10/09) - OceanFreight Inc. (NASDAQ:OCNF - News), a global provider of marine transportation services, today announced its financial results for the quarter ended September 30, 2009.

Financial Highlights

For the three-month period ended September 30, 2009, the Company reported Net Loss of $13.3 million or basic and diluted loss per share of $0.15. Included in these results are:



�
-- A book loss of approximately $20.8 million associated with the sale of
the M/V Richmond which was delivered to the new owners on September 30,
2009.
-- A loss of $2 million associated with the change in fair value of
interest rate swaps.


Excluding the above items Net Income for the third quarter of 2009 would be $9.5 million or $0.11 per share.

Anthony Kandylidis, the Company's President and Chief Executive Officer, commented:

"Excluding the one off charges due to the sale of an older panamax vessel, our net income on an operating basis would have been about 11 cents per share, well above analyst expectations. OceanFreight is very privileged not to have any capital commitments at this time. With our proven access to capital and our track record of sourcing modern high quality tonnage with fixed employment we continue to renew our fleet and enhance the longevity of our cash flows. As of the day of this press release we have secured gross revenues of $115 million until the end of 2010 with 92% fleet charter coverage for the remainder of 2009 and 72% for 2010. We remain uniquely positioned among our competitors to use fresh capital to finance asset opportunities at historically low values, which we believe will be accretive to shareholder value over the long term."

OCNF

picked up another 2k shares this am at .994 Now 3k shares avg at .972


Bill

How long are you going to ride OCNF...let know when you plan to sell...so we can hold and ride the up wave! hahahaha


The Street/Real Money- has put out 7-8 articles in 2 days trashing SiriusXM! What a bunch of a-holes!

dr dave, NPWZ. yeah its got a strong support line here around $1. but im really terrified of the death cross approaching. as you are well aware if they cross, the 200 will be new resistance. the optimal play here if you want to do one is play a bounce of the 50 off the 200 if it does one. if it crosses , i would just stay away not worth the risk reward. this thing has got to resolve soon. i know you like to use tight stops, i guess if you feel like this one will break on the upside theres always a play there with the long term wedge as well but how long will it take for that one to play out and will it be a high reward trade?

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Originally Posted by bassmaster

dr dave, NPWZ. yeah its got a strong support line here around $1. but im really terrified of the death cross approaching. as you are well aware if they cross, the 200 will be new resistance. the optimal play here if you want to do one is play a bounce of the 50 off the 200 if it does one. if it crosses , i would just stay away not worth the risk reward. this thing has got to resolve soon. i know you like to use tight stops, i guess if you feel like this one will break on the upside theres always a play there with the long term wedge as well but how long will it take for that one to play out and will it be a high reward trade?

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I was thinking in at 0.95 and out at 0.85 - but wanted to see what some of the speculators thought - if they think this management team could go somewhere... the whole thing seems much more real than the other penny plays.

I think you are right about one thing for sure, the break - so far, all the breaks are in a downtrend 1/2 cup - those are dangerous. If it flattens, I think the breaks will form the other half. Thanks a bunch for bringing up those comments. Afterthought - the fact that it's hugging the low side of $1 says it's likely to head lower than higher.. so gotta watch it.

im looking at a chart on the wheel going back to april of last year. looks like a support level of around .83 and resistance around 1.33. so judging off that, i dont like your stop of .85 as i think that would be a buy point if it held. since the big run up it tested and rebounded off 1.33 support once. then tested it again and failed to hold. that 1.33 has now turned into resistance and has tried 3 times to break it and failed. now im not saying you cant make .30 profit on this if it tries to break that resistance line again, im saying if it breaks that line again and holds, the profit potential is a 6 or 7 bagger.

and oh yeah i know your looking for a more fundamental view, i just thought i might add short t/a opinion on it. hope you dont mind.

Quote:

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Originally Posted by bassmaster

im looking at a chart on the wheel going back to april of last year. looks like a support level of around .83 and resistance around 1.33. so judging off that, i dont like your stop of .85 as i think that would be a buy point if it held. since the big run up it tested and rebounded off 1.33 support once. then tested it again and failed to hold. that 1.33 has now turned into resistance and has tried 3 times to break it and failed. now im not saying you cant make .30 profit on this if it tries to break that resistance line again, im saying if it breaks that line again and holds, the profit potential is a 6 or 7 bagger.

and oh yeah i know your looking for a more fundamental view, i just thought i might add short t/a opinion on it. hope you dont mind.

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LOL, I never mind - especially when you're bringing up my mistakes - ie. not going back far enough in time!! You're TA just keeps getting better and better!

Also - I value everyone's opinion here.

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Originally Posted by Dr. Dave

Out of the QASPer, and didn't change the bid or ask...

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Lol, I sold 10 mins from the close... at 0.0132, then I see it forms a quasi-hammer at 0.0139 to close perfectly on the line I drew. If it closes up tomorrow, I figure I lose, as that would be a nice reversal head fake. Good luck to everyone still in it!

Quote:

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Originally Posted by Dr. Dave

Lol, I sold 10 mins from the close... at 0.0132, then I see it forms a quasi-hammer at 0.0139 to close perfectly on the line I drew. If it closes up tomorrow, I figure I lose, as that would be a nice reversal head fake. Good luck to everyone still in it!

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Boy do we need it!

I am beginning to miss the days of SIRI turmoil by way of comparison ... This thing has given me some sort of Cybil complex, I don't know who I am anymore or even what I believe ...

For want of a PR ...

dr dave, reading the bulkowski. all i can say is WOWOWOWOW.