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I'm in this from $3.04 and looking for a turnaround to begin on Friday.
Waiting for a loading point around the 50 SMA ($2.74). The way this is going, we could possibly hit it tomorrow.
You are missing my point. It's not if they are wrong or not. It's that they are out in the media with the "oil is going down further" narrative.
Articles and analysts are making the rounds with oil's pop being a dead cat as well as the inventory report stating we still have an overabundance of oil.
Wow, awesome bounce off of $3. Half a million shares on the bid was fighting at $3.
She may retest $3.04 today to offer a nice intraday profit.
Thanks UWTI. Booked some more profits. And yet again, waiting for you to come back down to do Da Wall Street Hustle.
Lunch time load up at $3.61. Chomp!
Snatched some more profit out of TVIX. Waiting to reload for a third time.
Just snatched $70 in net profit out....taking the advice of getting profit where I can. Looking for a point to re-enter and grab some more. Good to finally see some GREEN numbers on my account.
Looking sweet PM. Let's see if momo can ride into reg trading hours.
I smell another ATM hit, SBS?
I got stopped out of this stock. Good luck to you.
Damn, got stopped out. Oh well.
I guess that speaks to your point of taking what profits you can.
First step and my hardest challenge. What do you feel about charting and fundamentals overall?
Star is a beast, man. You did well.
Let me know when your next University starts.
I was just rewatching the Cramer Manipulation YouTube video where he clearly said the market is not about the stocks. Lol. Been fooled all this time.
He said it is manipulated big time and how. I would assume the manipulation causes the emotions which then directs price action.
I am still finding my balance between technical and fundamental analysis and incorporating overall market analysis. At times, it seems overwhelming...that doesn't even include foreign markets, reports (housing, job, etc) and government actions like raising rates.
Yup, got a lot of learning ahead to play this game to win long term.
Add to that drawing support / resistance, using 100 different indicators....you get the point. Lol!
So why people make it seem like you need to watch 20 different indexes and futures and wait for the sky to turn green, the water to turn red, etc before even thinking about making a trade it investment?
I am more of a "track this, watch for this and if this happens, watch for a buy." I like simple, not having 6 monitors all filled with ADHD inducing charts.
Is watching VIX and S&P futures in the pre-market your best bet?
I think they did sell quite a bit of it but will still receive a good chunk of money for it.
1/28/15: Imetelstat decreases cancer stem cell population:
http://www.ncbi.nlm.nih.gov/m/pubmed/25627551/?i=1&from=imetelstat
$heff, what are your thoughts on $GERN?
Ongoing and completed trials Geron is involved in:
https://clinicaltrials.gov/ct2/show/NCT00310895?term=Imetelstat&rank=15
Check message #3455 in this link:
http://www.quicktopic.com/42/H/ZHyNwK4j3NB
Excellent article. Thanks for sharing.
Then watch the charts for the steam to run out and short this overpriced burger joint DOWN!
A.k.a when the shorting will commence.
This is going to be a good short play in the not too distant future.
What kind of $hit is that? If they priced the stock to open at X amount, what's the reason for it opening much higher?
Man, you and SBS are in beast mode. I follow both of you guys to learn as much as I can. SBS has been a great help in breaking down some things with ETNs.
The black boxes are in charge right now. They are running it down and covering quick. I would watch this one for a while before getting back in.
Hell, I may not play any regular tickers (meaning non-ETNs or ETFs) under $5 going forward. Mr. Market is unforgiving but with stop losses, you can bandage up the wounds and keep fighting.
As God is my witness, I am finding out first hand that ClayTrader is on the money with his courses. I just had one of the things Clay covered happen to me in SZYM.
I had a contingent stop-loss for $2.02 or less that would trigger a sell with a limit of $2. Guess what Mr. Market did? He dropped the Bid quickly down 5 cents to make the last price $2 to trigger my order and grabbed my shares. Then the price shot back up 5 cents. Lol!
Stop-losses are a necessity. I traded without them before (only hoping the price goes up) and lost quite a lot of money. Stop losses allows you to live to fight another day. I saw that first hand today.
Got stopped out. Black boxes are shorting the heck out of this. Better to stay away until they let up.
Hmm, not sure on that one. I will dig around to see what I can find.
1/27/15: Quick & Dirty Research
Imetelstat in Patients with Myelofibrosis from Geron's site:
http://www.geron.com/Myelofibrosis
Mayo Clinic Biomedical Research report (go to page 9 and read it concerning Imetelstat and Mayo Clinic's info on it):
http://www.mayo.edu/pmts/mc7300-mc7399/mc7323.pdf
Dr. Ayalew Tefferi of the Mayo Clinic presenting at the 3rd Annual Hematology Conference on 1/31/2015:
https://www.evms.edu/media/evms_public/departments/cme/3rd_Annual_Hematology_Winter_Brochure.pdf
This ticker started out as a risk vs. reward trade but now it is turning into a serious play for me.
Uh Oh! TheStreet (Cramer and crew) are on this in a positive way. Look out for spikes coming.
http://www.thestreet.com/story/13024668/2/3-health-care-stocks-under-10-to-watch-geron-mannkind-and-more.html
3 Health Care Stocks Under $10 to Watch: MannKind and More
Geron (GERN - Get Report) , a clinical stage biopharmaceutical company, develops a telomerase inhibitor, imetelstat, to treat hematologic myeloid malignancies. This stock is trading up 2% to $3.39 in Tuesday's trading session.
Tuesday's Range: $3.28-$3.44
52-Week Range: $1.31-$5.24
Tuesday's Volume: 749,000
Three-Month Average Volume: 5.14 million
From a technical perspective, GERN is spiking modestly higher here right off its 50-day moving average of $3.29 with lighter-than-average volume. This stock has been uptrending over the last month and change, with shares moving higher from its low of $2.91 to its recent high of $3.53. During that uptrend, shares of GERN have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of GERN within range of triggering a near-term breakout trade. That trade will hit if GERN manages to take out some key near-term overhead resistance at $3.53 with high volume.
Traders should now look for long-biased trades in GERN as long as it's trending above some key near-term support levels at $3.15 or at $3.08 and then once it sustains a move or close above $3.53 with volume that hits near or above 5.14 million shares. If that breakout hits soon, then GERN will set up to re-test or possibly take out its next major overhead resistance levels at $3.96 to $4.50.
1/27/15 Seeking Alpha article released after hours:
http://seekingalpha.com/article/2854996-30-reasons-i-like-geron
$DRYS High hopes for Tankships
http://www.tradewindsnews.com/tankers/353134/High-hopes-for-Tankships
Tankships Investment Holdings only has ten ships to its name but a growing number of forecasters believe the tally will increase significantly in the months to come.
The DryShips spin-off plans to purchase three more tankers with proceeds from an initial public offering (IPO) in New York but some think this transaction will be the first of many.
In a note to clients Erik Nikolai Stavseth, an equity analyst at Arctic Securities, argued that the acquisition will mark the beginning of a broader expansion initiative.
“The key focus on Tankships is in our view the long list of additional vessels that could end up in the company,” the forecaster said.
Stavseth noted that, in addition to the suezmaxes it intends to acquire from affiliates of chief executive George Economou upon completion of a fundraiser that could top $100m, the owner has options to purchase 17 more.
“If Tankships were to do so, the equity requirement will be closer to $450m assuming a conservative 45% leverage,” the analyst continued.
“Moreover, with Ocean Rig (ORIG) rumoured to be working to convert [one or two] drillships into a series of aframaxes (4+2) and suezmaxes (2+2) – we would not be surprised to see these vessels (if realized) also ending up in Tankships.
“Adding the full total of ten vessels would lead to a further increase in equity requirement of $275m, depending on the price of ORIG vessels.
“As such, we argue the Tankships fleet could end up being not only 13 vessels, but closer to 40 vessels in a high case with a total equity requirement of $700m.”