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Friends don't let friends watch CNBC!!!! LOL
-Floyd's wife
So then if they don't take the stock tonight it will expire b/c tomorrow is Sat.?
Help!?!? I'm new to options trading.
I sold some April calls & they still show in my portfolio. Didn't those expire today? Are they still active through after hours? Thanks in advance for any help explaining this.
-Floyd's Wife
I don't remember which board I heard it on, but it said April 17 after market closes.
-Floyd's Wife
That really wouldn't bother me a whole lot. I've got about $500 bucks wrapped up in 12k shares at the moment. If it fell to .06 I'd still be a couple hundred ahead... the toughest part about things if it dropped that far would be deciding how much more to buy!
This past spike was not the end of the world for me. I didn't play it right and missed an opportunity. So what, you can't play everything right all the time. I was planning on riding the waves several times and winding up with 50k free shares to ride of into the sunset with... now it might only be 40k shares. Big deal.
Let's also remember folks, ACTC will move on events that don't necessarily have anything to do with ACTC. When GERN announces something good about their trials we will likely see movement over here, when STEM announces a trial application approval we will see some waveage. ACTC is a stem sector stock and that whole sector will move up and down together for likely years to come until the science is much further along than it is now.
GLTA
Hindsight always reveals the "no brainers". Still holding here. I will wait for the next ride.
All of the sudden those $5 May calls I bought last week are looking pretty good!
If someone would have said that we where at the HOD at 9:32 am this morning I would have laughed at them... Just goes to show ya these days its all a crap shoot. Still a nice gain today overall and that .14~.15 range held all afternoon so with any luck that will be our new bottom.
I will say this much, had the EO news leaked out at 9 am this morning or 9 am last Friday morning I think this would have played out differently (for the short term). I remember feeling slighted last Friday at 4:20 pm when the news broke. I had it in the back of my mind all weekend that the run up could be much shorter this time given the time between the breaking news and the next market open (too bad we don't trade after hours). So there was no profit taking for me today but I remain pretty optimistic that we'll see a positive PR soon. ACTC needs to strike while the iron is hot and stems are definitely hot these past few days.
"could result in", "fairly short order" and "it is very possible"!
These PR's crack me up.
Does anyone know what time BHO is signing the EO today? Me thinks that should bring us another bump if it happens during market hours.
The market just went green as well. Even though ACTC isn't really market driven.... it certainly doesn't hurt to have the market going green.
I think there is also a whole host of folks waiting for a profit taking pullback to get in since they couldn't get in premarket. I'm not sure we'll see to much of that at .20 or .21 so when those lurkers get tired of waiting and start buying we should see a steady climb for a while. I really don't think we'll see significant profit taking until much higher in the twenties if not thirties.
geez... buy at the bottom! why didn't I think of that?
Please folks.... can we stop pretending that by buying ACTC's stock we are "helping" anyone or "being a part" of anything. We are buying paper that we hope goes up in value so that we can one day sell it for much more than we paid for it. If you want to help or be a part of something then send ACTC a check as I know at least one poster on here has done.
Sorry for the rant... what I actually wanted to say was this. Why do so many think .30 or better on Monday is wishful thinking? When ACTC ran from .10 to .29 that was just because the guy that promised to reverse the EO was being sworn into office. Now it's settled back down to .11 so it seems very reasonable to me that if the promise of an EO can make in run to .29 then the actual EO ought to do at least that if not more. I expect .30 or better on Monday.
Good post E1. I thought I would just ring in my moronic view of things at the moment. 5 months ago I had never purchased a stock in my life. Since then I've dumped 12 grand into the market most of which has occured in the past month or two. I've won some and lost some and I'm probably down a couple grand but I intend to stick as much as I can into the market for some time to come.
I'm not a charts person, I don't trust the news media and Obama scares me BUT with so many companies trading at 1/10th to 1/20th of what they were a year ago.... I figure any investment is a good one as long as the company doesn't go BK. I actually expect a couple of them to do just that but I figure if I buy 10 companies that are trading at 1/10th of what they were a year ago and 4 of them go BK... I'll still be happy I did what I did 5 years from now. Now if all of them go BK, and I have thought of that, then I figure we are all in a world of shit and how much I have saved for retirement really doesn't matter (I'm only 34). As for BAC, if BAC is the only company that I'm invested in that makes it through this, then BAC will probably still quadruple my total market investment in 5 years. Good times!
All I know is the market is down about 5,000 points since Obama won the nomination, down 3,000 points since he won the election and down 1,700 points since Obama was sworn into office. Now while this decline in the market has little to nothing to do with what he has done.... I think it does represent, to some extent, what the investment sector (which includes even common folks such as myself) thinks of what he plans on doing.
My two cents...
and your willing to make that prediction 5 minutes into after hours trading? Sheesh!
Well I got in a few weeks back at .0008 and sold yesterday at .0007
Call me what you will but I'm moving on. Good luck everyone.
Interesting post Fox and as I read I would tend to agree but I also had another thought.... with your post in mind, why don't they have any money?
Doubled my position today at 4.51 bringing my average down to 4.98. Also picked up some $5 May calls for something like a 1.02 or .03 right at the bell.
No predictions here.... just sharing my actions of the day. I remain very confident. GLTA
Ok, so at the risk of getting pounced on....
Doesn't it seem odd that legislation is being introduced that directly goes against an existing EO? It just seems to me that BHO would reverse the EO before this legislation goes to a vote. Maybe he plans on signing the EO the same time he signs the legislation into law.... but I think it makes more sense that he sign the EO before this legislation goes to a vote. I know if I was in congress I wouldn't be to crazy about voting for legislation that goes against a current EO.
Also, I just wanted to remind everyone here that Bush's EO was not a "ban" on stem cell research. Bush put no restrictions on the funding for research using adult stem cells or embryonic stem cells created prior to his EO. Now I realize that many if not most of you despise GWB but GWB was the first president to direct federal funds for stem cell research and stem cells research has been around since the 60's.
Having said all that... I hope BHO reverses the GWB EO soon. I figure it's gonna happen eventually, why not now?
Stocks prices reflect lots of things. You pointed out one. To say that stock prices dropping don't affect a company immediately is only true if said company has no money invested in stocks which as we all know... many if not most of them do!
If company ABC has 9 billion in liabilities and 10 billion in assets last year (%40 of which were in long term investments) they were in good shape. Now all of the sudden company ABC has 9 billion in liabilities and 8.6 billion in assets (figuring a %35 drop in their long term investment value) guess what, they are insolvent! Nobody will loan them money, revenues decline due to loss of consumer confidence and either conservatorship, receivership or bankruptcy is soon to follow (if Jim Cramer has anything to say about it).
So while I agree with the point you made I think the administration is crazy to ignore the fact that our market has dropped down to levels not seen since before Monica Lewinsky became a household name! Companies are failing left and right and stabilizing the market is key to saving many companies and jobs in the short term. IMHO
Yeah I sure am glad the new administration doesn't care about the stock market. It's not like businesses have money invested in stocks or anything... the stock market could go to zero and it wouldn't affect the solvency of any business I know of!
In case you missed it... I was suggesting that ACTC had something better in the works for paying off their debentures next month. Which, if I'm right, would be a good thing for all of us investors!
Well I'm losing my shirt as of late. But I've had a good couple flips and swings this year so far and the market acts like it wants to stay green today for the first time in while so things are starting to look up.
This JNIP is acting pretty pathetic. I've been keeping an eye on DNAG for a while now and they just announced they ceased operations last week. Their website actually says "DNAPrint® Genomics, Inc. has regrettably ceased operations. We thank you for your support." yet their pps is the same as JNIP's right now and DNAG has 4 times the shares out there that JNIP does!
I figure JNIP has to turn around eventually to reflect the pps of a functioning company but it's frustrating having the cash tied up on this deal when there are so many others deals out there just begging for it!!
Things are going good for you? (besides JNIP)
I do but I'm afraid to push it since I'm not quite sure what it does!
Rocky,
Regarding your concern about ACTC paying of debentures next month with stock.... I would think if they did intend on doing this we should be seeing / will be seeing a serious PR campaign from ACTC to max out the pps before the share transfers occur. Quite simply, if the share price is .2 v/s .1 they will have to shell out half as much shares to pay the same bills. The thing is, ACTC seems to be in a rather quiet period so I'm left wondering if they have something else up their sleeve for paying the bills next month.
Maybe the PR campaign just hasn't started yet? Maybe my thinking is based too much on my observations of quite a few other penny stocks many of which turned out to be pump and dump scams? I don't believe ACTC is a scam but regardless ACTC should be "pumping" so to speak if they were intending on paying bills with stock in couple weeks.
Food for thought.
elysee,
I think a good amount of that emphasis being placed on the EO at this point is simply because of the fact the the EO hasn't happened yet and that was the expectation a month ago. When expectations aren't met then the emphasis becomes the expectation right? I'm of the firm belief that the EO pop will not be as big as some might think but wouldn't you agree there will be some type of pop?
As I said the other day, I hope ACTC climbs up before the EO because I think the EO pop is only good for so much regardless of where the pps is at. If ACTC is at .05 when the EO happens I don't think we'll see .30 on the news but if ACTC sits at .18 or .20 then a .30 HOD is quite possible if not likely IMHO.
Well, I decided today to move some funds around and get some more on this dip even though I swore I wasn't going to pick up more before Monday. At this point, I feel pretty good about the decision since it didn't drop to .08 five minutes after I bought more at .12!
;)
So here's to a green market tomorrow!!! Because it can't rain all the time right?
Oh, and if by some miracle the get 50 to 100 million or so in federal funds to work with.... then several of us will be retiring earlier than expected!
;)
IMHO... I think the .29 we saw last month was most of the BHO EO reversal price jump in the pps. Normally when good news is upon any company the pps reflects the potential good news beforehand. If the news is what was expected then you see a small increase in pps after the announcement, if the news is worse you see sharp retreat in pps and if the news is better than expected you see another nice spike in pps after the news. Having said that, the run up last month was in anticipation of BHO reversing the EO... had he actually done it, I think .35 was possible. When the EO does hit I think ACTC runs right back to that .29 area and if some significant funding announcement occurs shortly after it could push it to .50 or better. The big jump happens this summer when the FDA approves their app for clinical trial. The slump / pullback in pps in between all of those bumps will be largely related to the length of time between them.
Pennies trade on emotion... take your charts and graphs and use them to start a campfire. That's about the only thing charts and graphs are good for as it relates to ACTC IMHO.
I echo your comments Mr. Mutt and agree. It doesn't matter how many times I've said I support stem cell science and ACTC, some here seem to think I'm a basher.
I do support ACTC, just like I support BAC, F, GNW and a few other stocks I'm into. But I think a smart investor has to look at both upside and downside in order to make intelligent investment decisions. Unfortunately, I haven't figured out a way to discuss downside and still make it sound all peaches and cream!
My prediction stands though... ACTC will get back to .20 (at least) by the end of next week since that would be the earliest I could possibly buy more and I'm already in at .215 (that's usually my luck). I think this move will happen even without an EO since I've just got this gut feel that the market in general will rebound next week and even though ACTC is a pinkie, I still think it's movement is somewhat tied to market movement. I'm convinced that when the market is overall tanking people pull money from their high risk investments in an effort to just get more conservative but I also believe the opposite is true as well. I know if my BAC was back to $15 pps right now I would probably own another 20k shares of ACTC.
If the EO happens we'll probably see a nice pop as well even though that funding will still be in the bush rather than the hand. Personally, I would rather see ACTC run back up into the .20's before the EO pop than pop on the EO news from here cause I think the pop will likely bigger at .25 than it would be at .15 - just a hunch though.
Pardon me folks I don't how to post other than hitting the reply button...
Maybe a ban on shorts is extreme but I really fail to understand how the uptick rule would change things a whole hell of a lot. Perhaps someone here could explain to me how this would uptick rule would drastically change anything the shorts do? Now cracking down on naked shorting, I agree completely.
As for the so called "toxic debt" I keep hearing about, it seems suspending mark to market would clear up much of that toxic debt without anyone having to spend a dime. It's my understanding that mark to market is all about current asset valuation. Let's say bought my home for 450k, I borrowed 420k and I currently owe about 400k on my house but my house is only currently worth 300k. Now I've never missed a mortgage payment and don't plan on selling my home for another 15 years or better at which time I'm pretty darn sure I will owe less on it than what I can sell it for regardless of what home values are then. It is my understanding that given the scenario I just described, the bank I borrowed the money from for my house would have to show the asset as a 100k liability because the current market value was 100k below what they currently have loaned out on it. Am I understanding this mark to market thing correctly and if so, does that make any sense?
That's akin to my having to pay taxes on the gains of a stock I own even though I wasn't planning on selling it.
Plus I would add that if we supposedly had 30 million homes that were upside down to the tune of 100k a piece that would only come out to 3 trillion dollars worth of underwater liability. At that is using 450k as a purchase price which I think is quite a bit higher than the average home value in the US a few years ago before home values went in the crapper. Also, 30 million homes is probably around 20% of the total number of homes in this country if you figure 300 million population divided by 2.2 per household (average size of a family). Yeah we have a lot of single parent homes and such but we also have a lot of people living in apartments and mobile homes as well. I'm just trying to use to use some broad spectrum numbers for the sake of discussion.
So, having said all that, is 1 out of every 5 homeowners you know upside down in there homes to the tune of 100k? Do we really have trillions of toxic debt? Am I an idiot that oversimplifies and doesn't really understand a damn thing? These are the questions running through my mind today.
Yeah but stopping the bleeding in the market is so critical to fixing the economy and creating and/or saving jobs!
It's so simple it's stupid IMO. As the market falls, banks, insurance companies, a variety of funds and private equity groups (not to mention individual investors) become insolvent based on the devaluation of their assets. Insolvency leads to banks receivership, business and personal bankruptcies and a many businesses operational funds drying up forcing them out of business (cashflow is the toughest thing for most businesses). All of that leads to massive job losses and no new spending to say the least.
If the prez wants to create / save jobs, stabilize banks and turn around the housing meltdown.... the quickest and easiest thing he could possibly do right now is to stomp out the fear in the market. Ok... maybe he could ban shorting and suspend mark to market regs as well but look, it doesn't take much for him to get his ass on tv and address the fear right now!
Heck it could bounce %100 in two days for that matter. If you recall, it went from 3.90 to over 7 inside of two days just last week. Welcome to Wall Street 2009.
P.S. - My average is 5.40 but I won't have the cash in my trading account to buy more until the 2nd.... therefore my fearless prediction is we'll be back over 5$ by the end of next week thus removing any averaging down opportunities from my plate. That's just how it goes with me!!
GLTA
ACTC rocks!!! The ban is going to be lifted soon, then tons of cash get poured into ACTC, then successful clinical trials, then FDA approval, then blind people can see and the share price goes bang.... TO DA MOON!
The only thing I really struggle with is when to sell my shares. $100 pps seems a given but it could go to $150, $200 or even $300!!
Either way I'm quite sure we will all be rich!
This is a nice little research opinion on ACTC from a venture capital / research firm that just hit my inbox. It's dated Feb 9th but it just hit my inbox a few minutes ago so I thought I would share.
http://www.ludlowcapital.com/reports/bio/actc.html
It might but I think the probability of that happening the other way around with HGLC is quite low. I bought $500 worth of stock that, at the time, I was thinking might turn into 10 thousand or maybe even a 100 grand. Having said that, I think most people think a lot longer and harder before throwing away $9500 or $99,500 than they do before throwing away $500.
Well I guess that depends on the person. I got caught up on some filing today, had a couple meetings and made some phone calls.... I even went out for lunch. It was quite a nice day actually. I did check in this evening to see what happened in the market today but at this point, unless some bad news about BAC hits my inbox, I'm quite content to leave my stock streamer off until this market bottoms. I think the best thing I can do right now is work my ass off and dump whatever cash I can into the market. To me, putting money into any solid company in today's market is like dumping your money into some sort of time machine that takes it back 10 years then sticks it in the market.
I suppose if one was a short, swing trader or something else along those lines then these 1,2,3 dollar price swings would not bode well but that's just not me.
GLTA