Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Re VG: I had 100K, most off of Lionmaster's strong rec a while back (my fault, my mistake.) By rigorous averaging down I managed to get my average PPS down to the point where I sold dead even end of day yesterday.
IMHO: it's going back down. Take Chart's advice & sell the gap!
"Maybe it won't be such a bad idea to buy their stocks after the dilutive offering."
They've priced the public offering at $1.75 per share; the PPS is dropping today, and one would have to assume it'll fall to at least that price. Around $1.50-ish seems to be the floor. FWIW, if it approaches that level I'm going to get some for a trade.
OT: Just Wondering-
Biotech Values= Medical Field= Health Care= Government Health Care Reform= A Lengthy Discussion of the "Cash For Clunkers" Program?????????
Completely OT: A quote from the attorney for Pittsburgh Steelers QB Ben Roethlisberger, and hands-down winner for the "When The Last Words Of a Sentence Are Unnecessary" award:
"This weekend Andrea McNulty served Ben Roethlisberger with a civil complaint accusing him of sexually assaulting her in July 2008. Ben has never sexually assaulted anyone, especially Andrea McNulty."
OT: RE "A Boy Singing to his little sister....."
What absolute drivel (Websters: "language, conduct, or an idea that is absurd or contrary to good sense.")
Just send this to 11 people and you'll have a visit from the Tooth Fairy provided that you don't see a black cat or break any mirrors and you blow out all the candles on your birthday cake with the first puff.
RE: Walter Cronkite dies at 92.
His reading of the JFK death bulletin in '63 is one of the greatest moments in broadcast journalism, and something I'll never forget. If it's available on YouTube, and one has never seen it, it's worth a look.
"Can someone explain this please: The ticker of a stock is going on higher and the last two minutes the stock is selling at 19.86. In one second someone decides to sell at 19.75. to me that person is either insane (he could have sold higher) or its just a game...."
Value-
Not enough specifics, especially regarding the float and average daily volume of the stock, to give a definitive answer.
However, I and I'm sure many others have done the same thing in certain situations.
For example: assume it's a relatively low float, relatively low volume stock. I have a very sizable position that I want to sell now (I understand that you think that the PPS will go higher, but you don't know. Perhaps I feel that my current profit is adequate). If I use a market order, a few hundred shares might sell at the current bid but almost immediately that bid will begin to drop like a thousand-pound rock! Sometimes it's quite unbelievable as you see it happen before your very eyes. As soon as all my shares are sold, the majority of them at a ridiculously low price, the bid will begin to climb back up. I just got screwed!
In the same situation, not wanting to use a market order, I enter a limit order at the current bid. Again, a few hundred shares might sell at that price and then once again I'll see the bid drop below my limit, forcing me to chase if I'm so inclined. And I can chase that sucker down and down, through dozens of order changes, all the way to the same ridiculously low price.
One possible way to avoid this, although it's not guaranteed: even though the current ask is $19.86 and the current bid is $19.85, I'm far enough ahead on a large position that I'd be satisfied with an average sale of around $19.75. I enter a sell limit order for that amount. This is basically saying that I'm willing for them to walk it all the way down to that, but no further, I won't chase it lower. It's amazing how often this type of order is filled.
Hope this helps.
RE: Warning to all posters:
And please include any posts that mention "hugh losses."
My thoughts: over 5 early next week. A day or two of consolidation, then a rocketride to 8-9.
Look at the 6 month chart. Since the beginning of April the 50 day and the 200 day just keep moving closer and closer together. It's obvious: we're going to have a Golden Cross very soon, then a rather quick explosion to $8-$10 PPS.
OT: Opportunity Cost-
Not trying to single out any one poster or any one stock, but many traders err by getting fixated on one trade. Perhaps, eventually, they sell and break even or appear to make some money. But have they? They are ignoring opportunity cost: it's the value of what your money could have produced if it had been used in the best alternative.
As Chart has stressed many times, put your money to work for you. You're hiring a stock to make you money; if it's a bad employee, fire it!
Opportunity costs are a continual drain on efficiency. Like inflation, it's not obvious but compounds to huge losses over time.
A well-invested buck grows over time. A dollar that's inefficient loses the opportunity to grow; you're losing that money, and it'll never be returned!
Cut your losses quickly: move on, move on, move on.
"Even the WSJ has cut copy editors.."
They have. Even more telling, veteran writers and editors by the thousands are reaching retirement age. These are professionals rigorously schooled in the basic notion that while all their copy might not win a Pulitzer, it will have zero punctuation, grammar or usage errors. This was a given.
They're being replaced by another generation who feel that these minor intellectual niceties are merely boring and unnecessary and that a properly written argument has no more weight than an error-filled one: "What's the big deal, you know what I mean anyway."
'... the letter “g” is always “hard” when it’s followed by the letter “a.”'
Unless you're eating margarine in a British gaol.
OT: "How about “looted”? That’s the word I’ve used to describe what HEB’s insiders have been doing."
Something that's always puzzled me a bit and it's been on my mind lately: why is there such a dramatic, almost exaggerated difference between fundamental investors and technical investors in the small biotech arena? It's almost as if some people deliberately refuse to do even the slightest amount of DD or tolerate one word of logical, fact-supported argument.
There was an excuse in the old days: independent research by a layperson or outsider was damn hard, often impossible. But today it's a few keystrokes and a few hours away.
HEB is a perfect example.
OT: Many biotech CEO's?
"If you want to try and catch a falling knife, perhaps..."
That expression is used when one buys a specific stock that is precipitously dropping for no reason and with no bottom in sight. It does not describe a down day in the market, especially during one of the greatest opportunities in modern times for buying quality equities on sale.
Best of luck to you.
"Dow off 200 today. Ouch. Me thinks its a good day to sit on my cash and watch..."
No. Today is the day to buy.
Stoli: HBAN was the most active stock in NASDAQ after-hours trading: 5 1/2 million shares traded, last trade at $4.11.
Going up steadily from here, IMO.
HBAN was the most active stock in NASDAQ after-hours trading: 5 1/2 million shares traded, last trade at $4.11.
Going up steadily from here, IMO.
OK, just one more from another message board and then I'll stop, especially for all the biotech connoisseurs here:
"...I like them biotech stocks a lot."
I'm all in- everything- with HBAN, one of my local banks here in Columbus.
The market absolutely inhaled the 90 million new shares today and we finished up. I think we're going to move strong and fast from here, best of luck to all.
PGS: Along those lines, this quote from another board this morning:
"....the crappier the better as long as there is volume & volatility...drug tests suck, FDA rejects a drug, that kinda bad news."
Does this mean that many biotech traders are not primarily concerned with medical science's sublime quest to help mankind? I'm shocked.
I'm neither an MD nor a scientist, but my common sense says that the statement is ridiculous.
RE: HEBmania-
I just can't resist quoting this poster from another board:
"The thing with HEB's Ampligen is that it cures nothing, but can be used with every and any other medication to make it up to 10x more effective by raising a persons immune system."
I have a large position at an average of $4.10. Planning on holding for a few months, looking for at least $7. Best of luck.
I can only assume that many people have confused today's launch of the new public stock offering with the announcement of that offering which occurred on May 20!
I thought that news has already been "baked-in" to the stock price. Oh well, this will recover nicely.
RE: HEB-
From what I've read here it is junk and it will be denied.
However, it would be difficult to argue with a trader who says, "Yes, it may be junk, but I just made 200% in one month."
"I always feel a great sense of defeat when I sell at even a slight loss. Just admitting that I was wrong that I have a real hard time with."
You're not "wrong" nor have you been "defeated."
Keep looking at the big picture, at your totals for the month, or better still, the year. Everyone has winners and losers throughout the year: it's where you wind up that matters!
Exactly.
The problem is that people start to identify with a stock; they forget that it is not their family member, friend, school or community. It's 3 or 4 letters of the alphabet that represent an abstract financial instrument created for trading.
So many opportunities out there!
"Putting it to work" is the key part of that sentence!
Gawsed67: Please carefully read the Morningstar analysis that Duce just posted:
"REITs (including Maguire) will worsen before they improve, and we continue to believe that bankruptcy is the most likely eventual outcome for Maguire."
Also, in my opinion, you should be careful of individual posters who don't seem to understand the difference between facts and opinions.
Currently, there are many, many great opportunities to make some serious money in the market. Don't get hung up on one stock; move on.
A little Friday afternoon humor:
TOP TEN REASONS WHY A STOCK IS DOWN
#10: The shorts are “holding it down.”
#9: It has nothing whatsoever to do with the company/sector itself.
#8: The market makers are manipulating it.
#7: All of Wall Street is blind; No one but me sees the “real” value.
#6: I have bad luck.
#5: The company is “restructuring.”
#4: Tornadoes in the Midwest/Hurricanes in Florida/Earthquakes in China/Etc.
#3: “Technical” reasons: don’t ask, you wouldn’t understand.
#2: Those damn politicians!
#1: The shorts are “holding it down.”
Have a great weekend all!
MPG: A Little Story
A man fell out of an airplane without a parachute. At first, after the stuffiness of the plane, he enjoyed the cool rush of air. He fell farther but the sense of floating and not falling was delightful. As he progressed downward with the full force of gravity he noticed the heavenly puffiness of the snow white clouds and marveled at their celestial beauty. As the ground rushed up at him he took a moment to dreamily reflect on the bright green fields and the fascinating serpentine pattern of the sparkling blue river below.
It’s not the fall that kills you, but the sudden stop.
"what's typically considered a large short percentage? Anything over 10%??
Traditionally it's anything over 20%. Very, very occasionally you might see something as high as 50% short!
The highest that I can currently think of is Chipotle, the Mexican restaurant chain, I think that they're over 40% short.
"Random people" are not telling me about commercial real estate or REITs: it's my field, I've been involved with it for over 40 years. I've been trying to tell you that.
Yes, of course, almost any stock eventually becomes a Buy from a technical perspective; look at GM the other day! Yes, MPG would be a good technical play at under a buck.
These things are not you as an individual, or your family, your friends, your school or your community. They are abstract financial vehicles meant to be exchanged. Don't take them personally and don't fall in love with them. Unemotionally cut your losses at 10% max, move on to something else and get that 10% back plus some.
I think this thread is over, sorry for the long post.
LOL! Oh well, sometimes all I can do is shake my head and move on.
Nothing personal meant, best of luck to you, have a great day.
If you believe that an educated "financial analyst" could or would write prose like that, and you believe that the Yahoo Boards are creditable sources of info, then more power to you.
(No offense, but the expression is well-crafted, which that blurb is not.)
RE: MPG- "I still think its a good company, but I'm starting to get worried about price support."
I wasn't saying anything negative about the company itself. It's the sector, the trend, the times.
I have to agree with the poster from this afternoon who pointed out that all the moving averages are heading down.
If technicals aren't enough, add to this that they're a REIT in Southern California where the full impact of commercial foreclosures have yet to be felt.
With so many great stocks on sale, I'm surprised at the outright fixation by some folks with this one particular company. Sometimes you just have to admit you're wrong, take the loss, move on and make it up on your next trade.
JMO, best of luck to all.
"Talked about Manhatten. A few buildings will soon hit the market."
A few buildings? LOL!
I'm a former NY commercial Realtor, now in midwest residential: NYC, LA, Boston, Atlanta, virtually every city in the US is in the midst of an unprecedented fire sale on commercial real estate. Vacancies are through the roof, lenders calling in loans, owners can't pay.
For example, 1330 Avenue of the Americas in NYC sold 3 years ago for 1/2 billion; just sold at auction for $100,000 plus debt assumption. Hancock Tower in Boston (their tallest skyscraper) recently sold at auction; Equitable Building in Atlanta going to auction soon. It goes on and on.
Commercial foreclosures is the next huge wave to hit. And people wonder why REITs are in trouble?!?!