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EXXI wasn't my idea. I got that from somewhere else, but made sense I guess. I was slow to get on board thinking EXXI would sell off with oil giving back some. It isn't pulling back so screw it I'm in with no real signal.
I think the value in BLDP lies in the telco backup power supply business. The internet isn't shrinking and those servers need backup power supplies. The auto crap is just hype. Maybe BLDP can find some other applications. They are going to need to I think. I'll stick and stay and hopefully make it pay, but I'm not feeling real confident now and hope isn't a strategy. lol.
Oh and keep giving my looney ideas the business. I need someone to slap me into reality. lol.
EXXI - Not so much looking to double fast. This will take time. The option price is all time a long way out so will not be so affected by day to day price movement. Position is small to start. Could go to zero and no real harm done. I'm down more on BLDP than this whole position cost and I'm not dumping that... yet.
EXXI is cash poor and asset rich. They went on a buying binge and acquired every property under the sun. They over did it and that has them in a hole short term, but this is not PAL or MCP and lets be real, oil prices in the 30's just isn't happening.
EXXI has a $6 billion enterprise value with a $429 million market cap. This makes them a prime take over candidate because they did the hard work acquiring so many assets. Somebody out there knows the value.
EXXI is 60% hedged on oil for 2015.
If EXXI is acquired, it will likely be for better than $10. Once that happens it will be too late to get on board. You have to be in to win it. Leaps are the best vehicle for that.
There is very little value in this market. Overprice is pervasive and everywhere, not concentrated like it was in 2000. EXXI looks like a value based on it's assets so I'm giving it a shot. I could be wrong and if I am I lose. It won't be the first time. lol. At any rate it looks better than BLDP and I have that one too. Ouy.
SSH popped on FDA approval, but has now given that back, but catalyst for up remain in place if SSH can get conditional approval outside of a trial.
http://lastfinancier.com/sunshine-heart-receives-fda-approval-for-interim-analysis/
BLDP - I would assume the weak hands have sold, but there is no compelling reason to buy this here so a move down to 20 dma would seem likely. After that, I would suspect 2 gets a test. If 2 can't hold then full gap fill would seem likely. This has the feel of dead money in a soggy paper bag.
http://finance.yahoo.com/news/ballard-powers-q4-loss-wider-150203448.html
BLDP - Missed on earnings. Missed on revenues. CC at 10 am Thurs.
Probably drops on open. I've been a bag holder for a while. Looks like I'll be a bag holder for a bit longer.
"While Ballard's financial performance in 2014 was disappointing, we have started 2015 with clear momentum in most of our target markets," said Randy MacEwen , President and CEO. "With the implementation of key growth initiatives, we are poised for an improvement in financial performance in 2015."
http://finance.yahoo.com/news/ballard-reports-q4-full-2014-040000200.html
http://seekingalpha.com/news/2327286-ballard-power-systems-misses-by-0_04-misses-on-revenue
BLDP - OK. I added a bit. Would be nice to see this move... up.
http://finance.yahoo.com/news/ballard-power-signs-2-contracts-212009929.html
Crooks just wanted to see if Mrs. Doubtfire was off her meds. It has been verified that she is indeed fully medicated. So now that has passed, the market can grind higher channeling the fantasy that is the economic recovery. China flash PMI tomorrow could be stumbling block, but if crooks shrug that off and keep above 2110, bears are toast. Vive la fantasy.
Mrs. Doubtfire is spewing nonsensical babble before congress crooks. Market gets a bounce on money pump dump HFT fraud scam. Daily chart is overbought and showing divergences of the bear variety. Crooks don't care. The tradebots are in control while crooks get bombed.
http://finance.yahoo.com/news/feds-yellen-describes-transition-meeting-150859858.html
MXWL - Falling knife that may be close to sticking in the floor. Would like to see that downtrend break. I will be watching this.
GENE - Classic pump dump just like PRAN.
...and there is the "news". More euros down the hole. Crooks rejoice.
http://www.marketwatch.com/story/us-stocks-futures-waver-ahead-of-greece-meeting-pmi-2015-02-20?siteid=rss&rss=1
Yeah. It's probably more Greek fraud. Haven't seen news. Next chance for bear is next week with China flash PMI. May not be good. China is infinitely more important than Greece which has the economy of a deserted island. It just gives the HFT crooks something to leverage off of. For now if it's overbought, overpriced, and over hyped, it's going up.
For example, massively overpiced CYBR...
Could this be a catalyst... for down? Maybe. If econ is weakening as it appears, this could accelerate decline. By itself, it is likely nothing more than a minor pinprick, but a minor pinprick can knock a market climbing on fumes back to reality... at least for a day.
http://www.zerohedge.com/news/2015-02-12/catastrophic-shutdown-americas-supply-chain-begins-stunning-photos-west-coast-port-c
I heard something about retail sales not being as good as hoped and then some GDP bs about not being as high as hoped. It's all bs. Market only cares about QE stimupork bs. Heard soemthing about Swiss bankster crook stimupork. That is probably what has markets more hot and bothered than Ukrop Greco unicorn fantasy.
QE stimupork unicorn fantasy...
Hype storm is through the roof. Greek bailout means more money down the hole. Ukraine ceasefire means more time for Putina to rearm "rebels" and NATO to vacillate. Meanwhile anyone in Ukraine is screwed while bankster crooks profit big. Market looks likley to push new highs on hype. After earnings and hype fades should bring correction or something. Econ showing signs of not so good, but hype trumps reality short term.
http://www.marketwatch.com/story/us-stocks-futures-spike-on-ukraine-news-retail-sales-jobless-claims-ahead-2015-02-12?siteid=rss&rss=1
Crooks want higher...
Indeed. There is a whole blog with short articles and humor that appeals to people of limited intellect such as myself. I found them while lurking over at stocktwats enjoying some of the finest pumpers known to the internets.
http://ibankcoin.com/
Eurocrooks can't quit Greece. Should have booted em a long time ago. Would have help everyone, but no. Eurocrooks and Greece bfffffff.
Cue John Leonidas...
Imagine there's no Greece
It's easy if you try
No Greece below us
Above us only sky
Imagine all the Greeks
Living for today
Imagine there's no Greek debt
It isn't hard to do
Nothing to kill or die for
And no Greek banks, too
Imagine all the Greeks
Living life in broke dick peace
You may say I'm a dreamer
But I'm not the only one
I hope someday you will join us
And the Greeks will be as one
Imagine no possessions
I wonder if you can
No need for greed or iphones
A brotherhood of broke dicks
Imagine all the Greeks
Sharing all the debt
You, you may say I'm a dreamer
But I'm not the only one
I hope someday you will join us
And the Greeks will live as one
Get out o my EU...
HFT crooks have been consistent in flipping the sell switch at the top of the range lately. There is always that chance that a high close fails to trip the switch and the market takes off like a bull frog on a hot plate. Right now talking heads are pushing a Greek deal (lol) and a cease fire in Ukraine (double lol). Cease fire means rearm.
Up volume smashing down volume. Massive short covering in oil and alt energy. Crooks think they have it turned so it looks like up for now. Strong dollar and failing earnings will reassert themselves in time, maybe tomorrow. lol.
Bounce has saved FB for the moment. Still think this one resolves lower. Super strong yoyo bounce and FB can't even limp above 75. Break of 73 and this goes to the 60's after a feeble attempt to hold 70. Then maybe FB becomes a buy again. Not a buy here.
I'm not sure if some Fediot jawboned a save today, but it sure looks like the market is getting weaker. I think the 200 dma gets tested. It may well fail. Conditions are weakening in China... and the EU... fugget about it. Then throw in the strong dollar and US earnings will no doubt receive a pride obliterating bitch slap.
Boeing takes off on earnings beat cleared to flight levels unknown. Seems a bit extended here. Might need to cruise a bit. Don't want to end up in coffin corner.
http://en.wikipedia.org/wiki/Coffin_corner_%28aerodynamics%29
BABA - There is good call volume at the 90 strike for March through July expirations. Might be worth a shot on a few calls, but market weakness is not helping though. Probably why the July 90 calls are seeing good action. Option buyers are feeling the need for more time for this to work out. Selling an OTM put spread might be another though less exciting option.