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Hi Bruce,
Thank you very much for in put.
I am sorry if you feel I am negative on stock, I am not, it is a good speculation at this stage.
My concern was only about dividend that they have changed the corporate structure so they might not pay that high or any dividend in future.
I am looking to buy some high dividend stocks which can also grow a bit and seems like it can fit if it can keep paying dividend.
Good luck.
Farooq
Hi Bruce,
Do you think they will be paying that high dividend after changing the corporate set up. Here is news concern me.
" NEW YORK, May 10 (Reuters) - NovaStar Financial Inc. (NFI.N: Quote, Profile , Research), a subprime mortgage lender that is seeking a buyer, posted a big first-quarter operating loss on Thursday, amid tough conditions for lenders that make home loans to people with poor credit histories.
The Kansas City, Missouri-based company also plans to drop its tax-friendly real estate investment trust status on Jan. 1, 2008, after concluding it may generate no taxable income from 2007 through 2011.
NovaStar shares nevertheless rose 5.8 percent in after- hours electronic trading.
NovaStar has been one of the higher-profile subprime lenders struggling amid rising defaults and investor unwillingness to buy the loans they make. Dozens of subprime lenders, such as New Century Financial Corp. (NEWC.PK: Quote, Profile , Research), have quit the industry or gone bankrupt in the last year.
The May 3 decision by NovaStar's board to drop the REIT status resulted in an $84.2 million tax benefit. This caused net income to rise 98 percent to $44.4 million, or $1.18 per share, from $22.4 million, or 69 cents, a year earlier.
Excluding the gain, NovaStar said it lost $39.8 million, or $1.06 per share. It said results were lowered by about 90 cents per share because the company set aside more for loan losses and wrote down the value of some securities.
Analysts on average had expected a loss of 39 cents per share, according to Reuters Estimates.
NovaStar said on April 11 it was exploring strategic alternatives, including a possible sale, and had hired Deutsche Banc Securities Inc. as its adviser.
"Capital markets have been very cautious in recent months due to (rising delinquencies and defaults) and the shakeout of weaker companies in the nonprime sector," Chief Investment Officer Mike Bamburg said in a statement.
"We believe the secondary market is showing early signs of returning to a better balance of supply and demand."
NovaStar said first-quarter loan fundings fell 21 percent to $1.44 billion. April fundings slid further, down 66 percent to $262.5 million. In March, NovaStar fired 350 workers, or 17 percent, to cope with the contracting market.
The company faces many investor lawsuits accusing it of securities violations. On Wednesday, NovaStar was sued by a Washington, D.C. nonprofit that accused it of systematically denying mortgages to African-Americans, Native Americans and the disabled. NovaStar said the accusations lack merit.
NovaStar shares closed down 36 cents, or 5.3 percent, at $6.47 Thursday on the New York Stock Exchange. Through the close, they had fallen 76 percent this year. The shares rose to $6.85 in after-hours trading. To view additional stories about the subprime lending crisis,"
Farooq
W@G2 QQQQ 05/16/07 for a 05/18/07 close
46.10 DrWorm
45.65 Farooq
45.52 frenchee
What happen if we have 200 points down day?
My other thoughts,
When I watch TV it seems like every one is long, by theory if every one is long then we have only one side to go and that will be down.
I do think they all are short and because of run every one is buying dip and that is main reason of strength, old school still think and work on three up and two down days work.
If fed does nothing it will be considered dovish and will become reason to sell, I will be surprised with rate cut at this level which will be big negative for $ and they do not want more displacement in dollars. If dollar fell more foreign investors will spook, In Euro there return is not even close to break even from 2003 taking in to conversion rate.
One big positive is coming and that is Iraq war is coming to an end in 12- 18 months and that will be long term positive for dollar and US ecnomy. Negative is 32 Billion per month spending will stop and we will go 7-8 month bear market.
I could be wrong in my thinking but I will buy more QID if we run up.
Farooq
Thanks for info, I was looking for them.
Could you please name few more high dividend stable stocks.
TIA,
Farooq
W@G2 QQQQ 05/09/07 for a 05/11/07 close
46.73 DrWorm
46.10 Farooq
46.08 frenchee
45.50 marin
I think they like to attack Friday's high but I think it will fail with high volume. Just thinking loud.
Oh yeah I was wrong many times and will be in future also, please do your own D/D.
I am long QID.
Farooq
W@G1 QQQQ 05/07/07 for a 05/09/07 close
46.63 DrWorm
46.11 Farooq, I do think we will try 45.84 in coming wage time but will close at my target.
Doc,
Congratulation, you da man.
Farooq
W@G2 QQQQ 05/02/07 for a 05/04/07 close
46.75 marin
46.51 rayrohn
46.38 Farooq
46.25 bob3
46.06 DrWorm
45.80 anderl
45.70 dr_sean
45.55 frenchee
You forgot me to add.
I posted in time.
http://www.investorshub.com/boards/read_msg.asp?message_id=19205788
W@G1 QQQQ 04/30/07 for a 05/02/07 close
45.55 frenchee
45.73 Farooq
Where your stop will be???
TIA.
Great Job.
Good work,
Add a link for signal result that create interest, JMO.
Good luck in your work.
W@G2 QQQQ 04/18/07 for a 04/20/07 close
45.16 DrWorm
44.75 frenchee
44.50 rayrohn
44.27 Farooq
W@G1 QQQQ 04/16/07 for a 04/18/07 close
45.15 dr_sean
45.00 rayrohn
44.97 drfrenchee
44.65 DrWorm
43.90 Farooq
Thanks, Broken clock is also right two times a day, LOL :)
Thank you every one.
Dr. Worm is real winner he posted his wage before me so I salute him.
It is definition of prefect, if I will think for penny to penny that is probably difficult, but under or above 0.25% is called prefect. Once we add our disability in price projection our trading come close to prefect. if I can not project some thing then I am not worried about that, what I projected and I executed near that price, that is in my set up is prefect trading.
Let's say you use price projection for one day and you close near top or bottom, but on second or third day it blow out of range. You in my view is still prefect, because you was not projecting for second or third day, if you were and you sold early, then that is fear or lack of discipline, and trust me I have that more then you imagine after trading 35+ years.
If we regret too much for that, it add negativity in our psyche and that is more dangerous in longer run. I know if I take baby steps I can climb mountains. I just need to avoid falling.
Good luck, You are becoming a better trader every day.
look at your wage wining.
I am Just thinking loudly.
Why not?
How much commission on that transaction?
I was hoping that with all the wining Pop will be trading at least that much. :)
Good luck.
Thank you for sharing. I am really very thankful to you for NERS and to Gloe for 3/8.
W@G2 QQQQ 04/11/07 for a 04/13/07 close
45.10 bob3
45.00 Dr_Sean
44.95 rayrohn
44.87 Dr_frenchee
44.68 DrWorm
44.65 Farooq
43.68 marin
W@G1 QQQQ 04/09/07 for a 04/11/07 close
45.22 Farooq
44.83 frenchee
Congratulation Frenchee. Good Job.
Thank you very much for detailed response. Do you think you are jumping software because you do not have enough confidence in it because of its previous history or your own analysis is superior to it?
I looked into introduction which gave me Idea it is a trend following system with 2 moving averages and some logic base neural network input in it. I think I have figured out what kind of MA they are using. I ran test last night and it gave 99% same result with end of day data on QQQQ. My program can not give intra day projection but for QQQQ normal range is 1 %.
Thanks again.
Congratulations, Great Job.
Farooq
Be,
AMD, has not given any initial buy signal yet.
I am short with stop now 13.57, I might cover on break of 13.13 on closing basis.
JMHOP
Does this software scan stocks and give potential candidate also?
How accurate is it in predicting trend changes?
What is win loss ratio?
What max draw down you suffered since you are using it?
Thanks for sharing info.
TIA.
W@G2 QQQQ 04/04/07 for a 04/05/07 [two day W@G]
Markets Closed Good Friday
44.86 Farooq
44.70 bob3 [thnx 4 PM Doc]
44.50 DrWorm
44.10 dr_sean
Gleno34,
I was wrong, looking with different settings. I am sorry for post.
Gleno34,
Upper BB is @ 44.50 on daily. what chart you are looking at?
We hit lower BB so now move to up will start if it does.
View of world from my window
I posted it on some other board it is true for here also so I wanted to share.
I am not very good in predicting future, but here is my 2 Cents, we are in a process of shake up of recent up move (I admit below 43.95 we are in short term bearish mode) my thinking is and was that we will going to test of 42.90 to 43.50 areas break out point, resistance of previous move. We then move higher to test previous high; under current circumstances I do not know weather we will move ahead or not. At this stage indicators are reset like previous up moves, and fear is in the market, and in many ways we can go down. Questions are do we go down when 80% of other boards and media are negative, on our boards it is about 100%?
We are rewarding oil producing countries by raising oil prices for there stupid actions, it should be opposite that war will bring bigger recession in world and reduce demand so prices should be drastically low. This type of action will also make them think twice before doing any thing, if they lose $ 50 million a day they will become careful, JMOP.
Trader think it is not going to happen so they are taking advantage of short term political events and will trade both end of support and resistance violently. I suspect on previous high of oil there would be a phenomenal selling.
It could be also a case where we are giving them incentive to do these thing which will become reason to invade third oil rich country (Oil politics and conspiracy theory) although I do not buy that because America can not afford a third bloody battle, we have a dismal results in a country where we were greeted after invasion; imagine a country where majority is our blood thirsty.
I do not believe our leader and policy makers will be so stupid. President Bush came strong after he knew release of Brit soldiers are imminent (therefore we will start a up move on Monday Tuesday) other wise he has delayed there freedom with his statement, I could be wrong on this one big time. I know my political views are bit controversial but I mentioned them to elaborate why I am thinking under current circumstances. I know political view impact 1-3 days, other wise market will keep on doing what they supposed to do keep discounting future event.
I buy your view that there are great opportunities for traders. I will continue to day trade with short term set ups and keep an eye on political move since they are impacting more to short term trading.
I am deeply thankful to you for sharing your insight.
I want to name this “ View of world from my window”
Thank you every one to making me a part of your community. Good luck
Farooq
View of world from my window
This was written by me on some other board thought to share with you here.
I am not very good in predicting future, but here is my 2 Cents, we are in a process of shake up of recent up move (I admit below 43.95 we are in short term bearish mode) my thinking is and was that we will going to test of 42.90 to 43.50 areas break out point, resistance of previous move. We then move higher to test previous high; under current circumstances I do not know weather we will move ahead or not. At this stage indicators are reset like previous up moves, and fear is in the market, and in many ways we can go down. Questions are do we go down when 80% of other boards and media are negative, on our boards it is about 100%?
We are rewarding oil producing countries by raising oil prices for there stupid actions, it should be opposite that war will bring bigger recession in world and reduce demand so prices should be drastically low. This type of action will also make them think twice before doing any thing, if they lose $ 50 million a day they will become careful, JMOP.
Trader think it is not going to happen so they are taking advantage of short term political events and will trade both end of support and resistance violently. I suspect on previous high of oil there would be a phenomenal selling.
It could be also a case where we are giving them incentive to do these thing which will become reason to invade third oil rich country (Oil politics and conspiracy theory) although I do not buy that because America can not afford a third bloody battle, we have a dismal results in a country where we were greeted after invasion; imagine a country where majority is our blood thirsty.
I do not believe our leader and policy makers will be so stupid. President Bush came strong after he knew release of Brit soldiers are imminent (therefore we will start a up move on Monday Tuesday) other wise he has delayed there freedom with his statement, I could be wrong on this one big time. I know my political views are bit controversial but I mentioned them to elaborate why I am thinking under current circumstances. I know political view impact 1-3 days, other wise market will keep on doing what they supposed to do keep discounting future event.
I buy your view that there are great opportunities for traders. I will continue to day trade with short term set ups and keep an eye on political move since they are impacting more to short term trading.
I want to name this “ View of world from my window”
Thank you every one to making me a part of your community. Good luck
Farooq
W@G1 QQQQ 04/02/07 for a 04/04/07 close
44.05 Farooq
43.53 DrWorm
42.58 frenchee
W@G1 QQQQ 03/26/07 for a 03/28/07 close
45.00 dr_sean
44.56 Farooq ( For Fun only )
44.44 bob3
44.12 DrWorm
43.90 Anderl
43.75 rayrohn
43.35 frenchee
43.27 marin
I am late my laptop A/C adapter below out, morning in Panic mode.
Larry William also teach that Idea, He also teach once move start that one should not close his position till end of the day; if your stop is not hit, reasoning is that most large move extend in last two hours. I personally think once move is started in your favor then trailing stop can be loosen up, few ticks below EMA 34. JMHOP
Good observation, problem is OB can remain OB in Short term, Just my observation, if we do not close below 43.65 we will trend higher. I am becoming more convince that support resistance is more important to watch then most indicators. That is just me,
I enjoy reading your posts.
Thank you.
They want public to create floor under Ford current price so they can make easy money. I see around 9 for Ford in June.
JMHOP.
I am long Ford. I use trailing stops so I can be out any time do your own D/D and I was wrong many times. I am in black on my purchase. I like Ford here from R/R view.
Covered my Short March 44 puts @ 1 on average.
Big players are fighting I can not be part of it, I still think they will close it above 43.
W@G2 QQQQ 03/14/07 for a 03/16/07 close
43.50 Farooq
42.37 DrWorm
41.65 frenchee
W@G1 QQQQ 03/12/07 for a 03/14/07 close
43.80 Farooq
43.70 frenchee
43.55 marin
43.35 quiet
43.20 dr_sean {subject to revisions before Monday's open}
43.00 bob3 (max-pain)
42.93 DrWorm
42.00 anderl
W@G1 QQQQ 03/05/07 for a 03/07/07 close
43.70 Farooq ( for fun )
43.35 Dr_Sean
43.13 marin
43.00 rayrohn
42.48 DrWorm
41.99 bob3 > clueless ameritrade stream down
41.71 frenchee
41.11 BookUmDano