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bought a bunch more rdn at .81 avg. eom
added 5k more rdn at 1.27 today. not sure whether to flip them out or hold them for some good news...
in 5k rdn @ 1.51. eom
picked up a gamble lot of TMA @.20(5500 shares of a 10k order so far). CC tomorrow morning about their financing.
good year overall but gave up about 1/4 of my gains in the past few weeks. oh well.
i told you to buy aaacw after the merger closed! u woulda avoided all the stress and the price was where it was before the deal closed. regardless, i'm glad its working out for you!
looking good, db! glad for u! eom
Think it can drop $20/barrel as a result of that meeting and/or before the 25th?
dcr is set to expire and liquidate on june 25th. if oil is above $120, its worthless per that marketwatch article i posted earlier today. the chances of oil dropping that much by then is very slim to none, imo, so there's a good chance its going to zero.
DUG it looks like is all i know...dcr was sooo awesome i thought, because of its low price and high volatility - now i know why lol. looks like it got a .10 bounce for u at least...
oh chit! sorry! hope it bounces like crazy for you. never seen an ETF close down before this one!
Vinobbby, must read about DCR:
After a friend showed me this over the weekend, I bailed. I don't see DCR being below $120/barrel; itd actually have to be around $117-$118 to justify the current price someone on yahoo said. Sorry for the recommendation. I've never heard of this happening.
http://www.marketwatch.com/news/story/oils-surge-taps-out-two/story.aspx?guid=%7BBBA804B8%2D513B%2D4A1C%2D875D%2DD424DCB1ED4C%7D&siteid=yhoof
i took my lumps on peix and bailed. if it can't go up with oil screaming, when will it go up? and it seems like the price of corn is matching or exceeding the gains in oil lately.
If you need to get ahold of me, shoot me an email as I'm no longer a paying member.
added 10k dcr at .883 and 10k at .973. eom
ot: sure ninja, it is eagle2975@aol.com. shoot me an email & let me know when u send it so i can make sure it doesn't go into spam.
If you need to get ahold of me, shoot me an email as I'm no longer a paying member.
The same GS analyst who predicted $100/barrel oil a few years ago and was called an idiot says it could see $150-$200 in the next 6-24 months. This article also says the world is consuming 4.4M more barrels per day than its producing which is amazing. Personally I just feel like there is going to be a correction in oil for a few weeks and then it heads higher but its just a hunch.
http://moneynews.newsmax.com/streettalk/oil_spike_bubble/2008/05/22/98097.html
If you think oil is going to keep dropping, buy DCR. It is HIGHLY leveraged for oil drops. It initally started trading around $18 in late '06 and is now in the $1.40s after rebounding from the low .80s. I've traded it twice; i got 10k at .86 and sold them that day at 1.09 a few weeks ago. Today i bought 10k at 1.39 and sold 5k at 1.45. a dollar or two movement in oil makes this thing move 10% and it has nice volume and the spread is typically only a penny. its like buying a put on oil in that its downside is limited, but without time decay or having to pay drastic premiums for the risk reduction.
What do you think about PEIX, its T/A and ethanol in general?
If you need to get ahold of me, shoot me an email as I'm no longer a paying member.
i'm in PEIX, down on it big thus far, and hoping for a bounce, but it doesn't look like its going to bounce anytime soon. Bill Gates' investment firm Cascade Investment LLC has been selling like crazy the past few days and they have tons more shares to sell:
http://finance.yahoo.com/q/it?s=PEIX
I doubt it stops dropping until they are done and that could be quite a while. Also, ethanol prices have been dropping and corn prices have been going up, which puts quite a strain on the ability for PEIX to make money. However, should oil continue to go up long term, which I believe it will after this correction, then ethanol prices should go up too as an alternative source for energy. And they just got institutions to buy shares at $4.75 which is a good sign, and insiders just bought convertible debt that converts well above current market prices. Also on the positive side is the stock is near all time lows, just a few cents away so given their recent quarterly report and the recent cash raise, I don't think it will go too much lower.
been watching that one too. wish i would have seen it when it was at .065!
thanks split! eom
does anyone know of any "green" energy play mutual funds available? my mom wants me to find one for her and i did a search through ameritrade and couldn't find any. thanks!
great trade, ninja! eom
mxc is 100x more incredible. i tried to get shares to short through ameritrade and they were literally entering the order when someone else got them before me :(
out those 3k royl at 5.06. eom
out pdo @ 19.001. eom
wish i hadn't sold those there. in 3k royl at 4.51. eom
i tried to find shares to short when it hit 28 but couldn't find any available through two brokers. its a nice company but its just running with the other small cap O & G plays and don't see a fundamental value in the upper $20s holding. for now, its controlled by momentum not fundies though...
awesome play, little fish!! congrats!! eom
littlefish u still in mxc? unreal play if u are!
out just under half pdo @ 15.74. eom
back in 1500 pdo at 15.76 they messed with the order again reporting the fill.
out pdo at 16.90+. the market maker for ameritrade is really fkin with that one. i placed the order when there was plenty of bids above that price but my ameritrade account still shows the order as being open - had to call ameritrade and they verified that it filled in seconds but that the MM is having problems reporting. rolling knows what thats like - remember DNAG rollin? it sucks but the guy told me on the phone its filled just not sure what price.
edit: looks like it got filled at 16.95 so at least i didn't lose money!
i remember seeing a similar P&D of INFO. A few years ago they said portugese telecom was going to buy them out for a ridiculous price but that was part of that stockster scam that the sec finally busted.
in pdo at 16.91 timidly. eom
for $18!?! never happen with all the dilution NCC just took on. if that company wanted them so badly, they would have bought them out before the dilution.
short 1k yhoo at 25.67 & cover at 25.73 for a beer loss. eom
out at 2.03. this fker has my number. lol eom
back in at 2.03. shoulda just held earlier. eom
out at 1.96-1.97 chart looks really good but that POS isn't worth $1.96 so its hard for me to hold it. was just hoping to jump in for a quick .10 or .20. g/l!
in mgi @ 1.96. eom
out 20k fmxl @ .45. eom