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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.
Made a nice trade this morning on IACI, in at 21.84, out at 23.06.
I'm looking for some options trades for the next week or two.
Bikes? All I know is that Vance and Hines recently decided to try a Harley in the Pro Stock Bike division of NHRA. (You know that rice burners have dominated the class for many years.)
As of June 19 of this year, the National E.T. record is held by a Harley Davidson, 7.01 seconds. That's a quarter mile from a standing start, and you roll through the finish line at around 190 mph. These doods are going to break seven seconds here shortly, which is a very big deal.
If you're ever at home on Sunday afternoon, flip the tube to ESPN2 and you might catch a national event and see a Harley smoke a Suzuki.
Here's the bike, (but you have to hear it to fully appreciate it):
http://www.vanceandhines.com/vr062104.html#
That's a great suggestion. I am very interested in doing columns that address the interests of members of the site.
Gambling vs. Investing is a great idea for a column.
naked short
The investment position of the underwriting firm for a new issue when the underwriting firm has sold more shares short than will be issued. A short position prior to the issue permits the underwriter group to stabilize the price of the stock by becoming buyers immediately following the deal. A naked short allows the underwriting firm greater stabilization ability.
Source: Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
I'll be doing bi-weekly columns for the foreseeable future, so no column tomorrow.
Frankly, I'm reluctant to delve into much discussion about Pink Sheet or BB stock investing. These deals (and this one in particular) seem to be fueled primarily on things other than knowledge and facts. Lack of financial data is a red flag I am personally unwilling to ignore.
This deal is interesting to me primarily due to the trade volume. It's an interesting twist for *many* reasons.
Yes, I just did a quick bit of research and saw that same data. 500 billion shares authorized.
Here's what I will say: If the prosective shareholders fully understood the significance of that one fact and the possibility of their proposed investment becoming diluted to the point where their shares are worth significantly less than their current market value of three ten-thousandths of a dollar each it would chill them to the marrow of their small mammal bodies.
Shorty is parsecs away, but I have a question.
How many shares in the float?
Hey! I was on the NHRA site checking for the TV times for the race this weekend and I see Jim Dunn has signed a deal with CMKM Diamonds.
http://www.nhra.com/2004/news/july/071403.html
It took me a minute to figure out where I'd heard the name "CMKM Diamonds". Forgive me for my ignorance, but what does this company have to do with aftermarket car parts or drag racing or anything remotely related to cars?
Is this another goosehead.com/Shirley Muldowney type thing??
Where did they get the dough to buy a Funny Car sponsorship??
You're asking a question about a group as if it were an individual.
Market Makers are brokerage firms. Some of the people in the firm watch charts, and some don't. For example the trader(s), the guy(s) that execute(s) the trades for the firm, are way too busy to watch a chart. They know what's happening anyway, because that's all they do all day for the past [fill in the number of years].
Additionally, just because some firm makes a market doesn't mean they have any influence over what will happen. Some firms make a market in a stock but their clients don't trade much of it.
And, firms won't tell you they "manipulate" the stock price. That's against the law. What they have to do, also by law, is "maintain an orderly market".
You get to decide what "manipulation" is and what "maintaining an orderly market" is; I've never been able to tell the difference. Maybe it's "too much maintaining is manipulating", I don't know. (Of course, doing things like buying and selling without actually buying and selling, just to show a trade, is a little more than "maintaining"...)
In any case, a firm that is making a market in a stock is much more interested in the volume and their commissions than they are in short-term fluctuations of the stock price.
Let's say a firm's clients own a lot of some stock, and that firm also makes the stock. (They say, "We make the stock", not "We make a market in the stock", by the way.) The people who control that stock are client's brokers and the bosses of the brokers. It's possible that the brokers are given "suggestions" about whether to buy, sell, or hold by the higher-ups in the firm. These "suggestions" can have a significant influence on the price of the stock.
Ouch. I lost about 50 cents on Martha. I guess it could be worse, I could be sitting in the federal pen.
I just checked on http://www.marthatalks.com to see if the woman has managed to take any responsibility for what she has been convicted of, and I don't see anything except a little message that says she is "heartsick" and a really long and boring trascript of her attorney's closing arguments.
I guess I would be "heartsick" too, but that's not the first emotion I'd be feeling if I were her.
I missed getting out of MSO for 15 bucks. I would have taken it I think. I'll hold on.
Off Topic Question: Why exactly is this woman smiling??
http://the-antique-shop.com/inventory/photos/swordswallower.htm
It's STLOF. Doh! My mistake, sorry.
I got the chart to come up on Big Charts by searching for the name of the company, Shep Technologies, and then clicking on the chart icon to the right of the company name once the search engine had found it.
Nice to be back, bullrider!
alexed, I'm not trading it yet, but I am looking at it. I've traded a BB here and there in the past. I have a few friends that trade these deals and once in a while one of 'em gets excited. That's about as far as I've gotten so far. I'll probably buy a few shares in the near future.
Shorty is good! (I say "good" because we know him...if you know him, he is currently "good", if you don't know him, he's still pretty crazy.)
There is good news; he's got a new girlfriend that he describes as "hotter than a stolen handgun"...which means he is either seriously in love or has lost the miniscule portion of his cognitive abilities that were not already lost. He's working on some wild business idea back on the home planet, and I assume it's going OK since he isn't asking me to borrow money in his weekly letters.
How are things with you, my friend?
(Hey, how about that MSO! Lookin' pretty healthy for an older woman, eh?)
I'm looking at STOLF on the BB.
I'm also a student of TA, like you.
(I tried to post the chart but I must have screwed up the directions you posted. Sorry!)
Dang! Let's not everyone get on the long-term investment wagon at once here, eh?
I'll play the Bean Machine! Looks like long-term deals are not the hottest subject here, but I think there ought to be at least one board for 'em.
I'm picking deals that look good (to me) to hold for at least a year.
My cousin owns
DMN at 6.97
AMRI at 15.99
MSO at 11.99
WWE at 13.75