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well glenny, technically you're short if you've written covered calls--you're just not naked, which I wouldn't do.keep in mind i never made anything more than pin money years ago on idc so i really don't know shit other than by observation.
i just can't imagine that even the most loyal longs (except for mickey) are here because they expect idc to go anywhere much beyond $40
Mickey remembers the run to $82.
that's the point, mickey,
that kind of stuff ain't ever happening in telecom again
And I know your past here well enough to know that you're thinking it will.
the way to make money in idcc is to find a trading range and write calls at the top of that range and buy hem back at the bottom of that range.
robj
okay, mickey,
QCOM is down nearly 50% from its halcyon days when the telecoms were all moonshots.
I believe they traded at $400 before a 4:1 split.
So QCOMs share price is still largely a result of what they did in the late 90s early 00s.
they are also going to be a mature dividend play or on the acquisition trail. The people looking to get rich aren't going to do it in telecom.
widows and orphans and steady if unspectacular growth with low-teen p/e will be the norm.
I don't know how much 3G licensing will be done without including 4G in the mix and I don't know how much success IDC has in licensing across multi-generational platforms. (Witness the recent badmouthing of their earliest QCOM license giveaway)
Keep your IDC for what dividends it will pay, but if you're looking for a moonshot look elsewhere, imo.
I think if I had a bunch of IDC with 100% profit I'd be learning to write covered calls and trade the company on t.a.
but that's just me.
robj
c'mon lugs, I know your trading style.
No way you rode this rocket down from $.90s without selling in the last 12+ months.
Of course I guess we all did ride the Trenwick rocket to the ground for the most part
robj
you know,
every chance that a person would maybe expect to or would like to see a reference to a KDS machine---
guess what?
That reference isw not there.
I'm still thinking Bigfoot
nobody's saying IDC isn't any good or won't get revenues.
A hyperbolic moonshot with a 30+ p/e just isn't in the cards for telecom companies anymore--i don't think
I think IDC could make one a nice steady dividend return of the cash management keeps collecting each quarter.
Maybe one of them is smart enough to do an acretive acquisition with it, too.
no longer a possible rocket, imo
someobdy had an interesting post about royalty rates of 4g/lte vs 3g.
I hadn't seen it discussed in detail, but it makes common sense to me that the era of the telecom stocks going hyperbolic as they did when discussion of 3G was in its infancy is over.
and that the rates companies can get from the next iteration (4G/LTE) will be light years away from what was paid by the manufacturers to get on 3G.
I'm wondering if that doesn't make IDCC close to fairly valued at this level with a contracted P/E based on limited growth of 4G/LTE royalties.
Now IDCC may be a better company than they were when 3G first started--but they were late to the game to get QCOM-type royalties from everybody AND nearly everybody fought IDC tooth and nail before paying the minimum possible.
In this way of thinking IDCC is no longer a real growth stock unless by acquisitions and that the owners here now should expect more of a staid dividend-paying company.
Fine for widow and orphans but not a telecom homerun anymore.
or Icould be way off.
but I think that goes a ways towards explaining why the company stands at this price and p/e
robj
there are no rules when it comes to nigerian oil
Oh, I'm positve some will claim to have gooten out at $.80 and went all in again at $.11
There are always those super traders (after the fact)
I bought $.295 and sold out I think for only a dime on the way up.
Maybe next time I'll do better
Light Volume?
More like no interest in FASC
or the KDS
By the way has anyone ever seen one of those?
c'mon again $.295!
I could get interested.
Oil at 15-month high, ERHE with oil supposedly coming out their ass and share price at $.52?
something isn't right.
I like a bunch of the fellers on this board (fellow Trenwick sufferers) and hope they got out of this dog above $.80
does this stock ever go up.
I remember buying at $.295--maybe again, eh?
does this stock ever go up.
I remember buying at 4.295--maybe again, eh?
and you might need to check out rain forests clearing
You might be better off if FASC went into hydrogen power.
The future is not wood nothin'
yeah and IDCC had the engine and transmission on the stage coach and couldn't get anybody to pay them for a ticket to ride
please tell me fasc isn't selling the idea of KDS machines drying out wet wood to burn as bio-fuel.
1. Nobody wants that thing in their neighborhood.
2. Can you imagine how fast the wood would run out.
Wood as a biofuel is a non-starter
did fasc try to sell/lease KDS to the new guys who are at ALMI, now AMNL.ob?
Mickey, I'm afraid if you had a $1B hedge fund you'd have it all in IDCC. lol
just good natured ribbing.
If I had a thousand bucks in my wallet this afternoon, I'd probably spend about $950 on hookers and scotch and just waste the last $50.
ha!
whereever the $150 came from it was re-posted here because the event would be good for your ERHE stock?
wow, erhe, doesn't even get a sniff of the oil trade anymore, does it?
true, that.
but the BN 107 compound is not just the O-acid.
that would be like trying to patent orange juice.
besides BNVI has way more ahead of BN107 in the pipeline they're ready to partner-up
i suspect there are lots of things you don't know--including what BN107 consists of and whether it can be patented.
you do know that "Pharmabiz" is only an Indian internet site, right.
Not saying it's completely inconsequential, but that news has been out a while through U.S. news outlets.
at least there is some entertainment on this board.
Those that re-bought low after the last courtroom trauma have done well
good call
robj
OT, so one day Sam Snead is playing golf with an amateur who is just amazed at Sam backing a ball up on the green with a 3-iron.
"Sam," the amateur says, "How do you make that 3-iron back up?"
Sam asks the amateur, "How far do you hit your 3-iron?"
Amateur responds, "About 130 yards."
"Why the hell do you want to make it back up?" Sam asks.
yeah, JimLur, but when Tiger Woods was on Johnny Carson at that age he could hit a 3 wood off the ground--and he could now buy all the member of the legislative branch he needs. robj
OT count,
i agree about not offering advice--I just couldn't stand to see Mickey get his heart set on something that was not going to work out like he had counted on.
I sold 20+ rental houses between 2005 and Summer 2007 that I had accumulated in the early 90s all with capital gains taxes paid although I still have several thousand dollars of stock loss carryover through 2008 tax year. ($3000 was taken against regular income each year since the losses occurred)
Count, in your response to me you've called Mickey's 'capital loss carryovers,' but Mickey plainly said they were 'stock loss carryovers' from a bath on IDCC many years ago. Two very different animals.
I absolutely thought the same as you the first year I sold houses that I would be able to absorb some of the blow by using all my stock loss carryover. No, no says the accountant "Why do you think they call it 'stock loss carryover, robj'? Boom, full capital gains taxes on house profits.
Mickey will either pay capital gains on his sold houses or regular income tax depending on how he is structured. His multi-million dollar stock carryover loss won't help a penny on his real estate deals.
That's my last post on it as I agree about giving free unsolicited opinions on these boards. The recipient gets exactly what he pays for. If I had paid the premium board, I would have sent this in a pm to you.
Regards,
robj
okay without dwelling on it, I hope Mickey's talked with his tax guy about NOT being able to write off stock losses against real estate gains, nor inheritance, nor anything else beyond the $3000 carryover loss against all income
sorry about IHUBs rules Jim.
Uninvited pm's are like stalking to me and the sign of somebody that should be dragged into the bright sun of discovery.
OT to Mickey
Oh shit, Mickey.
Talk to your tax guy.
I don't think a stock loss carry over can be used to offset anything else besides stock gains.
Even if there are no gains for the tax year you get to take $3,000 of those losses each hear. I am positive about the real estate stuff and the stock stuff being completely separate.
I'd hate to see you bent over again.
robj
wow, at $19.74 a $28 buyout looks like manna from heaven, eh?
go for it my3sons,
never seen anything that resembles any DD from you.
A company toadie
why would you ban nicmar my3sons?
Because he disagrees with you?
Maybe you should report him to the SEC.
OT tempy.
so you're growing Sea Monkeys, eh?
Huge food source in the trout rivers and streams in Southwest Missouri where I kind of live.
gonna make some real money in it?
robj
no, pahenka, just that you running to SEC strikes me as funny to report people who disagree.
Read some yahoo boards if you want liars. Some here just don't agree with your rosy picture.
robj
paheka, what would you say to the SEC?
"There are these guys, and they. . .and they . . . and they don't agree with me and are criticizing a company that I have shares in."
c'mon dude.
don't be a putz your whole life.
robj
OT temp luvs amy Great looking website. I'm still limited to cut and paste in what I do.
Wife and I retired summer of 2006--really pretty early in part thanks to good hits on ADZR, ALMI, and AMDS. I still trade a few and right now I'm in four biotechs that I like including DSCO and GNVC (Free shares now in DSCO and < .80 basis in GNVC all in IRAs so they can percolate for a while) I'm also in CYCC and BNVI at what appears to be good prices.
What are you buying and selling?
Instead of travelling, we've chosen to move to desireable locations for several months at a time. Right now we live in an apartment near the beach in Playa Del Carmen, Yucatan, Mexico. We spent several months living on the Kurfurstendamm in Berlin a few months in southern Sweden and 8 months in Puerto Vallarta. We don't have pocketfulls of money, but by staying for longer times, you are paying normal monthly rental prices instead of Holiday rentals.
What are you up to besides the website, which looks like a pretty full-time gig?
robj
OT to temp luvs amy
Hello fellow Trenwick guy.
robj from Raging bull or dogwoodadman from Yahoo.
Are you also still in ERHE and did Amy stay in business for you?
Mickey, I appreciate your respectful comment to me even when you know I don't always 100% agree with you.
You're a stand-up guy and I hope your latest real estate venture does very well.
robj
Mickey, I don't want to make this post about me or it will be too OT.
bought IDC on the AMEX as low as $2.00 per share and made some money over the first year or so trading it before taking a million dollar shot on some $5 long out of the money calls at like 3/8 or something low like that.
I wasn't predicting the halycon days of $82, but felt like things were primed to go up so I bought more than 100 contracts six months out to expire in September. They expired worthless, but it was October or November that IDCC went to $82 at which point my $5 calls would have been worth a million dollars.
You gotta watch a stock that almost made you a millionaire. When you were out of IDC after your margin call those many years ago, are you saying you didn't still follow it or the message boards?
Nothing nefarious on my part, just kind of a stalker here now and respond once in a while to a poster who makes a point that resonates with me.
robj