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A pirate walks into a bar with a ship's steering-wheel attached to the front of his pants. The bartender says, "You know you got a ship's steering wheel stuck to the front of your pants?" The pirate says, "Arrr, it's drivin' me nuts."
yeah - not your best move
SARA $1.41 - CC on April 1st
SARA was one of my chart scan picks, and one that taught me some lessons in penny pinching and taught hesse that I'm a dumbass.
SARA will be talking on the phone on April 1st. I plan on watching closely for a possibly entry in the next few days, or the day before for a quick trade, or to learn for future reference. Link back for chart and history.
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Saratoga Resources, Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today announced it will host a conference call to discuss its 2013 results.
The conference call will be held on Tuesday, April 1, 2014 at 9:30 AM Central Time (10:30 AM ET; 7:30 AM PT). The call in number for those wishing to participate is (866) 501-1535 for U.S. participants and (216) 672-5582 for participants outside the U.S. The conference ID code for both U.S. and international participants is 17109721.
The call will be webcast and can be accessed on the Company’s website at www.saratogaresources.com; additionally a transcript of the call will be posted on the website approximately 2 business days after the call.
Ok. Thanks. If you've ever seen Marathon Man movie with Dustin Hoffman, you'll never forget that scene. If you never have, add it to your list.
We started watching the first couple episodes then got sidetracked by life. Will pick it up later sometime if you think its worth it.
OT: Markie Post was also in The Fall Guy, i forgot about that. Double bonus along with Heather Thomas. That Lee Majors even sang the theme song... actor and singer. wow. Good Stuff.
still waiting for Smurf to say its ok to come out and play (Offspring). Might take a few days.. Hmmmm need to cue up Barney Miller perhaps.
CYTR positive - Go figure.
actually, that's a good idea, i think i'll go watch a TJ Hooker marathon on HULU or somewhere until the coast is clear. Backup plan of "The Fall Guy" if TJ Hooker's not available.
Let me know when its safe to come out and play.
Side Note : If I couldda wouldda shouldda ...I'd have moved to California when 17 to stalk Heather Locklear from TJ Hooker era. That's a couldda shouldda i do think about. sighs....
earnings prolly came out? I don't feel bad missing out on it, even though i charted and all that jazz. If anything, its giving me confidence going forward.
next bus coming soon, not sure which one, but its coming.
Nice job. Out of free cash, otherwise i'd be buying too :)
yup, good idea. Article looks to be coming soon :)
Couldda wouldda shouldda is a never gonna be-a.
What is going to be is... the GREEN in your pocket from it. Days like today and last few days are reminders..
LOCK IN PROFITS.
If you get 10%, 6%, 24%, 3%, 1%, 9%, 4%. Those are all better than losing 1-20%!
Rule #1: Don't Lose $
Rule #2: Make $
it's gone, move on..(but good trade :)
I say these things to you, only to remind me. It's a never-ending learning process.
Seems to me, the whole markets are down, and the IBB (one of the popular Biotech ETF's) has been getting clobbered... so nothing particular about RGDX. It's just taking its lumps like the rest of them.
Just my $.02 - I see RED pretty much all over Biotechland. Hoping for rebound soon :)
LasNubes - Perhaps the ATM is being used and that's a reason for the constant selling?? I know you've been a FIRM believer and always adding on dips, I just figured they were tapping the ATM, but have no idea of course.
I only have 2,000 at $2.22. Will hold of course.
Yup only down -$5,797.66 at the moment :)
See March profit - See it run fast.
Trading Obstacles are a bitch. Last week with the kids health problems and then other issues I had to deal with, I wasn't able to be in front of the computer much at all, but did have moments. I should have heeded my advice on the wall. That's my problem and one I have to deal with, as we all have obstacles.
I have a white 8 x 10 with bold sharpie marker with the words :
"Live to Trade Another day" ...meaning, if you can't be around the computer, or are having Real Life issues, just bail out of everything and "Live to Trade Another Day"
It's all a learning process. I have confidence that most of the ones I'm holding will bounce back due to catalysts. Will it be enough? Dunno. Holding for now.
HTM: Congrats and Holy Smokes...HTM hit $.97? Nice. Glad to help. As I said before, let's watch each other's backs and remind each other to "lock in profits" and also kick in the ass when its needed.
IDRA - I sold ACST to buy into IDRA. Having a super busy morning watching when i can, but getting clobbered by REDS.
They'll be good days and bad days. Trying to take it all in stride and over the course of time, hopefully the good days will outnumber the bad :)
IDRA - I missed this post from you, but here's another follow up:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99335035
I'm looking at risk/reward and thinking its a bear raid-ish dealio.
time will tell.
IDRA - Bought 1,000 $4.64 - Although seconds later Seeker posted a msg from summer street expecting results to be negative.
i don't have link at the moment.
ACHN (on watchlist) receives $6 Price Target from Maxim. Maxim has a lot of good articles, and you can leave it out in the open more than Playboy (if anyone ever actually buys magazines anymore).
I've been eyeing ACHN for an entry but just about everytime I think of an entry, I enter something else, or something like this comes out and will give it a pop so I stay away until it comes down a bit.
ACHN still has that nice gap to fill and they are expecting the release of their drug hold by 1/2 of this year, so that's only a few months left. Something to keep on watch IMO.
That's awesome, that's great, that's ummmmm. What does that mean to us ELTP'ers? Monday morning releases like that should come with long explanations of what it will do to the stock price :)
fam401 - Terrific profit! Way to stay with that one. Once trades are done I don't look back at them in anger or pride, but I do look back to remind myself of what the stock did, what the market did to it, why i made my entry and exit when i did and to learn from it. I typically will write some notes next to it also.
I had created a simple Excel spreadsheet with the buy/sell info and then a place for me to enter notes. I don't always update it as life gets busy, but i do find it helpful for some trades.
When something works for you, then that's a good reason to duplicate the methods if possible. Only way to do that is to learn from it. Great job! Now best of luck for this stock's child ...CONX.
IBB - GILD - Friday's Mess. The IBB took a big hit on Friday as we all know. Not known specifically was the reason why. Could just be one of those things that needed to happen, or the start of a new trend.
On Friday GILD received a request by House Democrats to explain the cost of their $84k priced hepatitis drug. The stock was down about 5% and some other similar stocks were also hit.
link: http://www.businessweek.com/news/2014-03-21/gilead-asked-to-explain-84-000-price-of-hepatitis-c-treatment
Gilead Sciences Inc. (GILD:US) is being asked by U.S. House Democrats to explain how the company set its $84,000 price for hepatitis C treatment Sovaldi.
The lawmakers also asked Gilead Chief Executive Officer John Martin to explain what is being done to make sure the medicine gets into the hands of low-income patients, especially in government-run health programs.
“Our concern is that a treatment will not cure patients if they cannot afford it,” Democratic representatives Henry Waxman of California, Frank Pallone Jr. of New Jersey, and Diana DeGette of Colorado, wrote in a letter sent yesterday. The lawmakers asked Gilead to brief Congress by April 3.
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GILD up 1.3% in pre-market trading. IBB up 1.3% pre-market.
Bob Stocks had been mentioning that generic drug stocks had been on fire recently. I'm not sure if this would be the opposite play of something like GILD or not. But could be a reason.
Just trying to connect all the dots to see if they do connect, or just are random. So, I'll be watching GILD today and if it moves in tandom with the IBB, etc.
CYTR- Initiates Pivotal Global Phase 3 Clinical Trial with Aldoxorubicin for Second-Line Treatment of Soft Tissue Sarcoma
I'll still be watching CYTR for an entry in the near future. This is the first positive news since their Dream Team debacle, so will be interesting to see if this helps it consolidate, sells on the news, or helps to start the turnaround up.
link: http://finance.yahoo.com/news/cytrx-initiates-pivotal-global-phase-110000238.html?soc_src=mediacontentstory
CytRx Corporation (CYTR), a biopharmaceutical research and development company specializing in oncology, today announced it has initiated a pivotal global Phase 3 clinical trial to evaluate the efficacy and safety of aldoxorubicin as a second-line treatment for patients with soft tissue sarcoma (STS) under a Special Protocol Assessment with the FDA. Aldoxorubicin combines the chemotherapeutic agent doxorubicin with a novel linker-molecule that binds specifically to albumin in the blood to allow for delivery of higher amounts of doxorubicin (3.5 to 4 times) without several of the major treatment-limiting toxicities seen with administration of doxorubicin alone.
NVAX - Catalyst Updates - thanks.
Sorry to hear that about your grandpa, and hope he recovers quickly. Sounds a bit similar to what my grandfather had in his 80's and he didn't have any problems with it going further, so hoping the same for yours.
Yeah, well once you've been kicked in the nuts, its easier to stay down instead of trying to get up :)
Chart looking good going forward. Has a few catalysts near term too. Just thinking risk/reward.
If it falls more still, there's some decent support below also.
ELTP - Bought 10,000 @ $.46 - Holding 35,000 @ $.49 now. Should be moving up in the next two weeks at some point.
Status Filled at $0.46
Symbol ELTP
Description ELITE PHARM INC
Action Buy
Quantity 10,000 Shares
Route KNIGHT EQUITY MARKETS, L.P.
Order Type Limit at $0.46
Order Date 03/21/2014, 11:13:09 AM ET
Cancel Date
Order Number C21NLLZ
VGZ - Ok. Thanks. It looked to me like the chart was rounding out and nearing a bottom over the next few days, and then IBB pooped all over everything again.
Today's hammer (which will be appearing all over if IBB comes back) should indicate a few things for VGZ...
1. That it's ready and will start the reverse soon.
2. That's it not quite ready, BUT IMO it will then start a slow walk down (few days???), to the bottom of the hammer, around .47-.50 which should be support for a double-down if you wanted to wait and get a better entry. You can see from chart that .47-.50 has a lot of support in the past.
Just my $.02 on it. I kinda like the chart at quick glance for one to play in the near future. Was going to keep it on watch before today's IBB poop.
LXRX - Sold Remaining for -$253.54 loss. Chart actually looks good going forward. Should bounce back ok next few weeks.
I'm going to use the money from the sale to add to current positions.
NVAX - 100 DMA also is $4.83 - some support there.
catalysts?
OT: Tough week of non-planned events really ripped into my trading life. Wasn't able to do a lot of things that I wanted to, and prolly missed a bunch of postings and messages here.
Today's a new day - Happy Friday
VGZ - What do you know about this hesse?
ELTP $.508 - Stepping back...eyeing that $.58 line in the distance...getting up courage for a sprint. Digging in its shoes trying to find a comfy position.
CTIX +4% today. Nice one fam401. I still need to look into this in the next few days. Hope it keeps hustling for you.
SYN $3.46 - I look for it to stay around this level and consolidate a little. Then a pop above yesterday's high of mid 3.60's in the next few days. Should challenge $4.00. My autoexit may hit (meaning once I'm above 10% - if it dips, I sell to lock in), but I may have to turn it off as Pertussis data due very soon.
IMO - Any dip like this AM should be a buy. We'll see if the pattern of last few days holds.
MSTX - Fantastic - very well played! I haven't been able to follow the banter about the spike, but anytime you can lock in gains in a day or two that's great. I would have done the same with 1-2 that i'm holding, as they moved fast, but have had to wait for funds to settle. Going forward...I hope to do more of exactly what you did there, and with what I did with my GEVO trade.
speaking of... have GEVO high on radar again. Just too many life things to do today so can't follow anything much.
could be. dunno enough about it - do know that hesse just got some and smurf owns, so if so, could get some quick profit on the pump so alerting them.