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I'm watching those averages also. What I really want to see is SWHC get back above the 50 dma. GLTY!
Bill,
You are too emotional and sour on this company to even think straight any more. I, and I suspect many others will be grateful for an opportunity to by more shares in the 7s. If you step back, put your emotions in a box, and look at the big picture you will begin to understand the blackout. Sure there is some negative news coming, no surprise, but you are so focused on the negative news and lack of transparency, you’re not considering the good news that has been coming together the last few months.
I know you have much more history with this company than I do; but the audit, the new branding, partnering, hires, and now the LM relationship is the biggest and best news I've seen come out of Virtra since I've been watching them. The GM deal was wild shot and I was hopeful it would be more, but I was never optimistic it would amount to much. IMO the LM partnership is as good as gets for a company like Virtra, and arguably the best thing that has ever happened to them.
If you’re not grateful for no PR and you are ready to get rid of your shares I will buy every one of them off of you at premium from today’s close. I'm not joking. PM me if you’re interested.
Quote: "if LM is going to be showing these off, does that mean they may be taking some of LM's sales from Meggit?"
I may have missed something in my DD and if so looking forward to the education; but it is my understanding that Meggit does not have a product close to what Virtra offers with their simulator and ranges. It's been a while since I reviewed the Meggit product line, and I've seen their field/kit simulators, which don't hold a candle to the Virtra product.
I will say that the Meggit product is rugged, but you pay for it, big time.
I took the wife out for an afternoon stroll, early dinner and drinks. Left the house around 3 PM and came back to see what happened in the final hour. Very impressive. Nice way to start a weekend. GLTA!
Quote: "how about a damned press release???????????????"
Be grateful they aren't putting this on the wire. May be the last time you get to buy these shares below .10. This news is much bigger than most realize. Virtra has managed to link up a top quality product with arguably one of the biggest/best, if not the best company in the industry to promote Virtra's products. It won't take long for this relationship to get noticed and it doesn't need a PR.
Afternoon Gents,
Well, what is it; about 3 hours before the fireworks start in AZ? Just as the market closes for the weekend Probably a good move on Virtra's part. I'm guessing a combination of good and bad news. Time to stew will likely prevent some irrational responses. GLTA and have a great weekend!
I got a partial fill this morning and was able to add some at 6.20. I like the way it's rebounding this afternoon, but would appreciate higher volume. All said, can't complain, though I wish my $ cost average was at your price versus my low 6s. GLTY!
That's much better
Need to get the sp back over that 50 dma and then get the 10 dma crossing over. With a decent market, that could make a run at the 200 dma possible. GLTA!
SF,
You are a smart man. You pegged my vote.
Regards, Ray
I think we might bust through that $19 level today with the announcement of the $4B asset sale. GLTA!
BAC left an open gap in the chart (7.14 to 7.18) on Wednesday run up. I don't like open gaps with this volatile market... they all seem to get filled any more. I would really like to see BAC fill that gap before moving higher. If it fills, that will be another indicator/opportunity to buy low. A good, yet wild, Friday would be a dip to 7.14, followed by a green close. GLTA!
Good luck Multi-M,
I think the market/BAC will dip some at the end of the day and should help your percentage gain. Tomorrow is anyones guess. I'm hearing the full spectrum on BoA's earnings; everywhere from a blow-out qtr to bust. I don't think anyone knows other than BoA and they aint talking.
I'm long on the common and 2013/2014 leaps, with intent to hold 6 months+ if I need to. I've also been doing a little bit of short-term trading around my core position. I'm still not comfortable with where the market is heading. I need to see the DJIA get back above 12,600 before I;m convinced the correction is over.
Good job Multi-M,
It's been a roller coaster for options traders today. Plus or minus 10% swing today. Do you intend to hold your puts or are you covering your 8% scalp? GLTY!
Multi Millionaire,
You said "Puts are generating cash on today’s tanking action".
Are you serious, or just joking around? If serious, you’re looking at the options data funny and we can talk off line. I'd be happy to help you out. Regards.
Watch the options action which will be one of the best indicators on where BAC is heading. Max pain was $8 for 16June12 expiration, but with China's unexpected rate cut, and Fed's desire to be part of the solution; it looks like the market will be going higher and the max pain could rapidly move to $9. BAC had a short squeeze start yesterday. The shorts had an opportunity to get out in the first hour and again on the mid-day pull back to 7.50. Today those that were stubborn or non-believers, will likely get a hard lesson learned.
Bottom line IMO: $8 was already in the bag for BAC near-term; with China's surprise announcement and anything at all positive out of the Fed today, BAC could go to $9 quickly and with little resistance. With BAC at $9 a retest of the $10 resistance level becomes highly probable.
I believe big money (institutions) is still controlling the direction of BAC for the most part. Considering the large bets the financial institutions (BAC’s Competitors) placed on BAC last quarter between 8 and 10, I have to believe they are looking for a nice profit which suggests BAC is going well above 10. IMO, the only question is when. If the market takes off (looks likely) we could see 10+ much quicker than what I was anticipating. Options action and max pain in the out months suggested 10 likely by the end of the year. Considering the market has lots of room to run following recent correction, we could see 10 in July or August. GLTA!
Thanks DD,
I still have a decent common position and I'm holding a bunch of Jan14 $15 leaps that will make me very happy if your price prediction of 25-30 comes to fruition. GLTY!
Love to see this do about 350M shares and close near the high. GLTA!
Thanks SF,
That venue has a pretty good size audience. Anything to help this company with their lack of visibility is a good thing.
Regards
Currently banging up against the 50 DMA. This is where the stock will get tested nearterm. Took profit on 1/2 my position and holding the rest to see if we can solidly break through 18.10. If so, I will be looking for more than 19. GLTY.
Volume is disapointing on day like today. Took a 60 cent profit and will wait to see where this goes.
Looks like some shorts may be feeling a bit of a squeeze this morning. Loving the vol with nearly 90M shares in the first hour of trading. GLTA!
Which I would have placed a bigger bet in the low 6s. Looks like market may try and reverse direction today. Would like to see SWHC go after $7+ on improved volume.
Hoping to see CSCO make a run at 16.5+ today with improved volume. GLTA!
Don't know about $37+, and hope you are right; but feeling confident about $19+ near-term which will make me very happy. GLTY!
Altruism,
You said "Should know in about 3 weeks if this is a buy or wait... somewhere near July the price and 50 dma are on track to converge... if the price starts dipping it's a wait and see mode"; and you provided a nice chart.
I think we may see a run at the 50 DMA sooner than 3 weeks. The market looks like it may deliver a strong snap back today which should move BAC up nicely. Plus, the maximum option pain calculator for BAC suggests we will test $8 by the 16th of June. GLTY!
Thanks cjames,
Despite playing this game for about 20 years, I still feel like a rookie every time a start a new position. BAC and I are getting to be old friends. This is the 4th time I have played BAC long since 2009. Two of those were grand slams (100%+) and the other was a 30-40% loss. I'm holding some shares at $8.50ish, so don't feel bad about your entry point. If you’re able to average down before the next run, it will serve you well. There are no guarantees in the stock market, but I am banking on BAC running up again before this year is out. A couple of lessons I've learned the hard way:
- On value plays; never enter the stock all at once, unless you have a crystal ball for picking the bottom. I always take my positions in 3rds or even smaller fractions.
- Learn how to use covered calls and puts to protect your investment, especially with volatile stocks like BAC.
- The market is your friend or enemy, no matter how good the stock, unless you’re playing penny stocks where 9 out of 10 are just a gamble, and they play by their own rules.
GLTY!
IMO today's performance after Friday is worth the hold, even with the shaky market. GLTA Longs!
Thanks,
I took a nibble today at 6.17 and 6.21. The market has me jittery, so I'm buying in pieces for the time being. GL!
A close above .072 makes the VTSI chart interesting again to anyone looking not familiar with Virtra. Chart has been in the crapper for a while, but two recent big volume days and a crossover on the 50 and 200 DMA is exciting. I would like to see a lot more volume and continued upward movement on the price. GLTA!
New to the board. SWHC caught my interest a couple of days ago and I'm doing my DD. Considering an intial position between 6 and 6.50.
I like the backlog and preliminary Q4 sales figures. Global instability/stupidity may fuel this trend.
If we don't get a snap back on the DJIA next week, I think 11,800 or a bit lower is in the cards. That could get BAC down to that 6.50 area someone on here was targeting. I'm holding back some cash until we get clear indication of where the market is heading. If we see 11,600 on the DJIA (possible IMO), that will likely be my trigger to go all in and I would look for BAC to be around 6.25 if no other surprises.
IMO, if DJIA snaps back to 12,500 it could lead to an early season uptrend, but there is heavy resistance just below 12,800 which correlates to BAC's heavy resistance around 8.25. Longer range (5-8 months), I'm looking for the DJIA to retest resistance just below 13,300 which would likely equate to BAC testing $10 resistance; again assuming no surprises. GLTA Longs!
Interesting Observation during recent DD review:
I noticed that two of the top five holders in BAC common are JP Morgan and Citigroup; and the BAC holder that increased their holdings by the greatest $$ value and percentage was Wells Fargo.
A review of major holders and recent transactions for all the big banks shows a clear bias toward BAC shares. Are the biggest players in the financial industry wrong about their financial industry investment? I don't think so.
Another observation, look how BAC has performed in comparison to their peers the last few days and YTD. Another clear sign as to which financial institution is today's best bet. IMO, BAC will explode upward when the market turns. GLTA Longs!
Last five days:
http://finance.yahoo.com/echarts?s=BAC+Interactive#symbol=bac;range=5d;compare=c+jpm+wfc+ms;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Year to date:
http://finance.yahoo.com/echarts?s=BAC+Interactive#symbol=bac;range=ytd;compare=c+jpm+wfc+ms;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
"Chesapeake Energy Corp. Announces Significant New Discovery in the Hogshooter Play of the Texas Panhandle & Western Oklahoma"
Not sure how much it will help the bottom line, but it sure will help to pump up the price on asset sales.
Pulled trigger on initial traunch at 15.97. Saved some powder in case this market gets crazy. For now hoping its just a wild Friday.
Held up well today. There is more room to run. Still looking for a gap fill to 19. GLTA.
Quote: "would think we'll see a sell off after the dividend date has passed. one might consider being ready at the opening bell, just in case"
Incubus,
IMO, the .01 dividend didn't influence today's buying and won't influence tomorrow's trade activity. BAC will follow the trend of the market. On green days BAC should outperform the market, and hopefully on down days also.
If BAC can build some support above 7.17 (200 DMA) I would anticipate a run toward 8.40ish near-term which will be a key level for BAC and currently equates to the 50 DMA.
I am looking for a market rebound which will be good for BAC. Next key level on the DOW IMO is 12,600. GLTY.
There will always be sellers and always be buyers. The question is what price they agree to.
Some nice bids stacking up at .06
Looks like BAC will be the DOW's biggest percent gainer for the day. Bullish statement even with low volume.