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Can someone paste the EVPH L2?
Shady. They're probably trying to scare people into selling.
Ohhh really. Yeah, MM's playing their games. I had the same problem with ONT a while back.
.. now if only MPG would get off its duff.. lol. If MPG closes below the 20day MA, I'm going to sell it tomorrow and put the proceeds into EVPH.
EVPH is incredible. Major accumulation going on. The people watching for a selloff and shorting have got to be getting really nervous at this point. I'm just gonna sit on my shares... not giving them a damn thing. I think .70-1.00 is perfectly plausible, if not even $2 bux.
I'm still in ONT with my half position. Glad I didn't buy back in at .53. Think it has room to ride at this point. Keep thinking about buying back in, but I keep spending that money on other funds, like EVPH. But yeah, I'm a fan of ONT.
Looks like a good one as far as pinkies go! I like how it held onto gains from a gusher of an upside a few days ago on the chart.. I think that's some strength.
Just some quick DD, looks like they're doing prepaid phones in texas as an AT&T CLEC. Don't require SSNs or ID. I think it might be a nice way to make some coin off the back of illegal immigrants who aren't helping by way of taxes!
Scaling in like you. Good luck to all of us!
Decided to get into MPG today. I like that it has been trading with some stability in a decent range. I got at 1.37 near the end of the day. I guess I could've had a better price at the EOD, but I'm not worried about it. I've learned to expect the EOD volatility across the market.. both upside and downside. Very neurotic.
Here's my MPG trading plan:
MPG has been respecting its 20dMA reasonably well, aside from when there was a minor ascending triangle before earnings. In fact, today MPG closed 1 cent above the 20dMA. Expecting a bounce tomorrow off that MA (assuming nothing weighs on the full market.) Significant downside breach of 20dMA on closing price and I'll get out.
Otherwise... expecting good action if we can break out above 1.40, since this stock has had time to consolidate after its earnings-season volatility. When it does breach 1.40 and holds above it decently, I'll add to my position. This thing had wonderful support around 1.90 to 2.00, and I think once it gets to that area, it'll trade in a range, at which point I'll probably take some off the table and reevaluate the position.
GGWPQ closed at HOD
Thanks for the input. I've looked at that one a few times but never got in. Still kinda interested in it.
At what price would you buy back in?
Fascinating - thanks for sharing
What? Gloom and Doom.. Blah, Blah, Blah. Where's your animal spirit?
Positions: SKF, SMN, WAMPQ, GGWPQ, ONT
Riding those 2X shorts until trend reversal signals.
Wrong board, we don't have the numbers here.
http://investorshub.advfn.com/boards/board.aspx?board_id=1616
I halved my position. It *is* overbought, but it's also at a multi-year high, so the overhead supply has had a long time to decide to capitulate. My original target was .7-.8. However, this could hit 90 cents or beyond. If it gets to a dollar, it will be VERY hard to not sell the rest. (My cost basis is .345 a share)
GGWPQ might fly tomorrow! Late-breaking news.
http://www.reuters.com/article/marketsNews/idUSN1343594820090513?pageNumber=2&virtualBrandChannel=0
If you think the S&P will run to 1K, you should be holding some ETFs probably. But my lingering skepticism has turned to full-on bearishness and I think people are best holding only those things they're holding long-term, plus cash and possibly even short ETFs.
Still though. These days are pivotal. Gotta be flexible and ready to flip if you're wrong. If you're in cash, you can wait until the direction is clear and hop in then.
so far, ONT's still strong. You might be able to get in around .58, and short term could probably exit around .62 - .68.. again, so long as strength keeps up. If the market remains sour, it might have headwinds.. but it did great today in spite of the overall market.
Speaks the truth. We were bouncing against it last week till we broke thru.
Awesome day for ONT: closed near HOD!
8200 was resistance a lot longer than it was support. IMHO the market essentially boomed above it off an "ascending triangle" formation -- funny how those patterns appear even at such macro levels.. but it seems like she's about done for. You're right that it could bounce off it though.
My market barometer, TUP (with its 87% institutional ownership), has been pointing down, so I think the big boys are going short or cutting exposures at this point.
In SKF @ 48.9695
Agree. Expecting at least a 33% retrace, if not worse. 33% itself is mid 7100's on the Dow.
I've sold everything that I don't intend to hold long.
Holding WAMPQ, GGWPQ, ONT for the long run.
Thinking about buying puts against X, DOW, TCK, FCX.
DJI - Head & Shoulders top. Anyone agree?
Another ugly day. Where's the floor?
True. Decided to halve my ONT. Practically riding on freebies now!
Still in ONT from .345, target .7-.8.
Futures getting slaughtered. DOW -128
In ONT with 4400 shares at .345. Bought in once they licensed the older flash video technologies from Adobe. Long term play for me.
Yikes.
A lot of sectors near major resistance points. Probably gonna pull back and trade in a range near these levels for a few days or even the next few weeks... but if we start seeing this resistance-testing turn into overall sector-wide ascending triangles.... watch out. Personally though I'll still be buying dips and more importantly selling the rips.. at least until we blow away some of the resistance levels.. then I'll let the money ride a little.
I love the annotations on this site: http://www.etfdigest.com/davesDaily.php
LOL. Congressional salary is a pittance. There are, as they say, bigger fish to fry.
Crap. Figures. I just gave up on ANPI this morning at .60.
I see.
CT?
Ya. :/
Yes, yes, yes, probably, and yes.
That's a pendant, not an ascending triangle. A really.. really big pendant. Generally indicates a continuation of the previous trend, which was started up around the start of March. AIG earnings tomorrow before open.
CT Shareholder Equity Thoughts
Market Cap as of last night's close: $51m (2.31 * 22.1mn shares)
From last night's report, I saw that as of Jan 1, 2009, SHE was $401.4m... so the market cap yesterday was only 12.5% of the total SHEquity. That seems to me like a pretty steep discount.
According to the same chart, equity as of March 31 is $327.3m. A pretty big hit.. but considering the share price was already so discounted.. 90-some percent off the 52wk high..
Do we really have that much to worry about, I wonder? I think it might be a further buying opportunity, except that I don't know in what timeframe others would realize its value.
But I hate the idea of selling at a loss when it turns out this thing is selling at such a heavy discount to fair value.
Shareholder equity values from http://www.sec.gov/Archives/edgar/data/1061630/000119380509000969/e605395_10q-capitaltrust.htm#eq