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Wondering if BA drops enough to be worth averaging down?
Can't wait for GM to drop below $17. Close now! I have $15 July puts on this one.
Looking for a new entry for IBM calls for July.
The Judge will sort out what is set before him. At this point, it is up to Rufus to sort it out by laying his side out there. Otherwise, the Judge is just going to give it to the SEC.
Rufus can build the company at will. There is NOTHING stopping him from doing so. All the SEC won to date barring Rufus from committing fraud. Nothing else. If he has the bond, he can hypothecate. He can fund. He can do whatever business he sees fit to do so long as he doesn't commit fraud.
Now, ask yourself why he won't move forward? What better way to gain market confidence AND win the court case than to fund a JV and continue business? Hell, even I would agree he doesn't need an attorney at that point. LOL!
Also, ask yourself why Rufus is lying about the SEC shutting him down when there isn't a single document to support it.
Oil dropping big.
Anyone have the nerve to short USO? I don't though I believe oil has at least another $10 to fall before this retreat is over. Give it a few years and we're back to $50 per barrel. This is why I believe that over the next 5 years...
Consider, converting your car to electric would cost less than what many spend on gas over 2 years. My cousin, for a project, converted a Geo Metro to electric for less than $1000. He's still testing/tweaking but was able to drop/mount the electric motor without an engine lift since it only weighed 150 lbs. It mached up to his automatic transmission and shifts correctly without modifying it. He bought a smaller electric engine though. Top speed with only 2 or 3 (if I remember correctly) batteries is 25 mph. He's planning on 8.
Not to mention, solid state electric engines will drop in price as the supply goes up before the demand really kicks in.
One more, once folks start converting, I wonder what that will do to steel prices as all these old engines are recycled?
The onus of the case rests ONLY on Rufus at this point. The SEC has done their part already. I agree that you can chose to believe the SEC or Rufus at this point. But make no mistake. The onus rests on Rufus right now and that's why he's the target rather than Mike, Ben, Sabra, Daryl, or the accountant that lost his auditing license with the PCAOB for not really "auditing" the CSHD filings that cannot be verified even today.
Mastaflash, that's not true at all. We, I, have acknowledged others. In fact, if you check out HSM, we found that Ben Stanley is at it again. A few folks called the new "company" to complain.
The issue is, Rufus is the ONLY one spreading lies. Rufus is the ONLY one that has the authority to get representation for the company. Rufus is the ONLY one to clear up for the SEC why there's even a question of who's the CEO. Rufus is the ONLY one that can provide proof of assets for this case. Rufus is the ONLY one that can name defendents in a separate case to expose any other crooks. Rufus is the ONLY one that can name a defendent in a separate case for the NSS conspiracy.
Therefore, Rufus is the ONLY one that is holding the case back, the PPS down, and a target for fraud by the SEC and many so-called bashers.
I hope that clears it up some. Some of the faithful need to learn what the present case is about. It's about fraudulent PR's and filings signed and submitted by Rufus during the months of September and October of 2006. The present case has NOTHING to do with any ch5 conspiracy theories. Rufus would have to open a separate case to appease many on ch5. It's just that many on ch5 aren't smart enough to figure that out yet.
Geeze, IPI's $60 calls for June lost a bid. Glad I dumped the other day. You could probably pick up some cheap $50 calls on it but let it drop another buck or so before you do. I would do so very cautiously though. Good luck if you chose to play!
GM dropping. I have some July $15 puts (GMSC). Probably even hit the strike price:
It's still pricey to convert a car to electric but people are doing it via clubs or self interest on their own for a few thousand.
IMO, you'll see mechanics or shops offering to convert your car to electric for a couple thousand bucks. Probably not people's vans or SUV's for long trips though! LOL!
Are there any public companies that offer such a service yet? LOL!
My guess is that the big car companies are ready to roll out all electric vehicles.
I love reading Zecharia Sitchin. I don't believe the theories. But I love to read it. It's really cool how he fuses the ancient astronauts with the Old Testament.
LOL! Some of the insiders don't want the Federal government to find any "price fixing." And speculators don't want to get caught holding the bag... finally.
But the prices at the pump won't change for a while. Still $3.94 for the cheap stuff in North Atlanta which is generally cheaper than most of the U.S.
Nice, rounding RSI for BA:
Not playing oil but my opinion is that the oil prices will peak under $140 and do a steady drop from there. Note I'd never short it! LOL!
We hear that there's going to be x amount more cars on the road over the next 5 years but what's not being considered is that these cars are more fuel efficient and some won't use gas at all.
Thoughts?
The BA calls are looking strong considering the drop in PPS. Demand for them must be pretty good.
Of course, since I bought some Puts, some analyst will up the price target just before GM PR's some stock buy back program to move the price up while that same analyst calls IPI, a stock that quintipled it's revenue, a neutral stock at best.
All the while, DRYS drops on good revenue numbers (thank god I bailed on this one while it was actually green this morning).
It was a good thing the Market started this trend of punishing good companies like KALU, but after GOOG's killer revenue numbers convinced me that it might be good to speculate good numbers for good companies with in-demand products using the straddle technique yet not expecting there would be premiums on both sides of the trade who's values get cut in half on earnings day.
Ohhhhhh, a paper trading I will go, a paper trading I will go, high ho the merry-o, so Samael can keep his dough.
Anyone buying GM Puts? Picked up some July $15 puts for .61. The charts for GM look sick, IMO.
Good point. LOL! Don't forget, I came from trading penny's. That PR would have put any penny stock to .0001. Hehehe. Sometimes I forget I'm trading the big boys now.
Check this out:
http://biz.yahoo.com/ap/080603/rocky_flats_lawsuit.html?.v=1
A federal judge on Monday ordered Dow Chemical Co. to pay $653 million and the former Rockwell International Corp. $508 million in compensatory damages, but capped the amount to be collected at $725 million.
Boeing Co., which acquired parts of Rockwell in the 1990s, is responsible for Rockwell's portion of the judgment, according Kane's order.
Be careful with BA.
Don't make me recount my lost opportunity with VEO. From .60 and .85 to 2.6+. But it ran up to 14.00. You like that boo boo?
That was the difference of buying a used Jeep Wranger and a brand new Jeep Rubicon for my wife! LOL!
Optionmonster, since you are playing the July calls now, are you going to flip a portion of your contracts or do you just flip the whole position?
I've found that flipping only a portion will reduce your risk while giving you the opportunity to see greater green. Was successful with my IBM calls and with IPI, limited my loss. Since July's out there, should have some time. Thoughts?
DRYS looking good PM.
Told ya I thought the GM charts looked like Penny Stock charts after a reverse split. LOL!
I don't know man. Enter the position carefully. I started entry piece by piece starting May 9th - 22nd. From there, it's done nothing but drop. Even on days it would move green by $1 or so, it always closed red. Thankfully, I sold some at .35 on Friday to reduce my risk.
It reminds me of a stock in which someone has a crap load of shares and they are just dumping at every small spike. It's such a low floater though that if that's the case, then they can't dump much longer. I guess we'll see but being an IPO, who knows where the bottom really is? It'll be up to the analysts, I'm thinking.
Sorry for the vent. I hate losing on good companies that post big earnings.
Who cares about financials? I'm being sour grapes because IPI dropped today after they kicked serious a$$. AND, it had nothing to do with premiums on the contracts! Glad I reduced my risk on Friday on the move up, however, there was no reason for today's drop. Almost hit $50 premarket by a penny and by the open, was down .50 or so for a nice $1.00 drop into the close. Took the loss because tomorrow will be red as well, IMO... errr, then again, since I sold, it will move over $50.
But the real reason for this post is, what are the indicators a stock needs to move the contracts up after earnings? The only stock that moved up after earnings was GOOG (without watching all stocks, of course). I know GOOG's financials was HUGE but made a 20+% gain and it held. I guess the market doesn't trust IPO's yet unless they start and end with a V.
Not calling you a liar but you're only posting the half-truth. Keep reading. Rufus wanted all documents and he wanted the attributes. He asked for the source but was that the real reason for the banning? I think not. Hell, why was I banned? LOL! I answered every one of his questions. He never answered any of mine. Why doesn't Rufus get banned when he doesn't answer questions? LOL!
What's the date of those posts?
No he did not. I read that whole thread. He might have CLAIMED that as the reason but Rufs, as well as many others on that board, had those documents for at least a few weeks prior.
I remember that E-mail correspondance by Daryle and Sabra regarding the responsibilities that Rufus failed to meet. Grammar errors and all.
Rufus banned him because he didn't have a response to those documents other than that they were fake.
Actually, if memory serves, Rufus wanted 30 to post the attributes which he did. Another poster on ch5 confirmed. Rufus never had a reply to that. I may have the transcript to that back/forth posting.
LOL! I'd rather find out who the analyst is personally and find out what they are going to do on what stocks before publicly publishing the opinions. Like all those people whom are buying/selling shares the day before info is published!
Think about Cramer. That dude has it made. You can't even say he's breaking any insider trading laws.
What I don't understand is how POT is doing so well, whereas, IPI is not.
I know there's a huge difference between POT and IPI share structures, cash, and revenue. But, how would GS say that IPI is neutral and that POT is a buy?
For example, if both companies are growing AND enjoy the rising costs of fertilizer, why would one be a buy and other be a sell?
With IPI having only 74.8 million outstanding shares, seems the capitalization should be higher. Not nearly as high as POT's but about twice what it is today. Go figure. I wonder if anyone's looked at equity positions in these analysts' portfolios. LOL!
YUP. And they are cheap! .DQRFA
IPI has just gone green again but the calls aren't moving. I think folks aren't convinced it's going up yet.
I love these low floaters.
Agree. For me, I'm hoping for a simple $105 break. LOL!
Jimmy, once that happens, just tell us where to send the gift card to your favorite watering hole. Hehehe
Thanks, but not this time. LOL! I broke even on these. It became quite clear that the demand for Puts on V was very light so they didn't become much more valuable on any drops.
Better to watch V drop and play the bounces rather than try to play it both ways. Folks are still very Bullish on this stock, IMO.
Interesting. I was just going to post that IBM calls are cheap right now. I believe it will break $130. Probably start moving up again on Wednesday, IMO. That's just me watching this stock though. Nothing scientific. LOL!
That video was great though. Gave me something to use/watch on other plays as well. Thanks!
I read all of that. After you were banned, Rufus started pounding his chest about winning the debate. The documents were stuff I had in E-mail. Folks need to quit thinking of this as a Blue Chip and think of it as a Penny stock with characters that can't spell or run a company. They were in it to sell shares. That's all the conspiracy people will find.
I've chalked it up that Rufus will run free as a bird. The SEC will finish off the CSHD shell and it'll sit until someone want's to buy it.
It doesn't even matter where Rufus is. He's a POS and no one's going to buy any stock that he has a hand into.
But, he'll keep posting on whatever MB he's opened for the very few faithful left. Those folks that continue to be faithful probably will never buy penny stocks again and hang onto the Rufus hope.
That's my opinion, anyway. I haven't even read on Rufus's board for months nor saw any postings. Frankly, some of those on Rufus's site that post the most clinging to hope just dumb down the whole process as they don't even know what the case is about. They still think that Rufus is going to be able to add some NSS conspiracy into the present case. It's like reading an old MAD Magazine comic book for the 100th time and like that, it just get's really old.
Someone posted that KALU dropped because the guidance sucked. Regarding IPI, guidance is very strong. But maybe the street doesn't like that some of the revenue came from this:
Net income in the first quarter includes $7.0 million of insurance proceeds related to the reconstruction of a damaged warehouse.
This sqews the numbers a bit and shows that IPI only quadrupled revenue rather than quintiple. LOL! They should be publicly flogged. I guess they currently are being flogged.
IPI being punished for quintupling their revenue. Figures.
Looks great! Now, let's see what the PPS does.
I found out recently that there are a lot of folks building electric cars using a chasis and buying ready made electric engine components for the conversion. There's also a lot of clubs doing the same.
Not only the Tesla but there's a group who builds muscle, electric cars with 300 + horsepower. They drag race them and do 1/4 miles in a little over 12 seconds.
Just this weekend, I saw the launch of a show on Discovery called "Green Machines." They compared a brand new electric dirt bike fresh out of the lab against a Yamaha YZ250. The YZ250 beat it by very little. THIS WAS AN ELECTRIC DIRTBIKE BUILT BY A NASA SCIENTIST IN HIS OWN LAB AND TESTED FIRST THAT DAY!
The net is, I foresee a lot of scrutiny over oil prices over the next few years and it's demand decreasing exponentially starting about 5 years from now. IMO, of course. I wouldn't be surprised, considering the new probe of oil pricing, that we find out the oil industry is milking as much cash as they can knowing their product's demand will be decreasing very soon.
I hope so, anyway. Note that I love the green movement but I don't buy into the politics of it. LOL!
Absolutely. I reduced my risk by selling some of my June $60 calls at .35 that I purchased at .25. Not much profit but I feel good going into Monday.
IPI has been beaten down so bad that I doubt we have the cut in premium price the way it happened with some of the other plays on earnings day.
IMO, IPI will beat $60 before June's expiration. That's only a little over 20% from today's PPS.
Fertilizer companies are being pumped again:
http://www.minyanville.com/articles/ethanol-pot-MOS-canada-agu-inflation/index/a/17314/from/yahoo
and
http://biz.yahoo.com/indie/080529/1233_id.html?.v=2
As of this week.
http://biz.yahoo.com/bw/080507/20080507006561.html?.v=1
Intrepid Potash, Inc. Schedules First Quarter Conference Call
Wednesday May 7, 7:38 pm ET
DENVER--(BUSINESS WIRE)--Intrepid Potash, Inc. (NYSE:IPI - News) is scheduled to release first quarter 2008 earnings before the open of trading on the NYSE on June 2, 2008, after the conclusion of the quiet period following Intrepid’s initial public offering.
http://biz.yahoo.com/bw/080507/20080507006561.html?.v=1
Intrepid Potash, Inc. Schedules First Quarter Conference Call
Wednesday May 7, 7:38 pm ET
DENVER--(BUSINESS WIRE)--Intrepid Potash, Inc. (NYSE:IPI - News) is scheduled to release first quarter 2008 earnings before the open of trading on the NYSE on June 2, 2008, after the conclusion of the quiet period following Intrepid’s initial public offering.