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RGEN -
You still in on RGEN? Or was it a short-term trade for you?
You missed my very narrow point. Saying that one thing is growing at 9% versus another thing growing at 3% tells you nothing. 9% of what? 3% of what? Surely you can see that in absolute terms, 3% of a much much larger figure is more than 9% of a much much smaller figure.
Just like somebody telling you a stock price. Means nothing without knowing the outstanding shares if you are trying to determine market capitalization. That's why I hate it when somebody says "I won't buy stocks under $10". Any stock can trade under $10 if they split the stock enough. Heck, Microsoft only needs to split 3 for 1 and they'll be under $10 too.
Overall, I agree with the article too, I'm just picking on a pet peeve.
<One is growing at a 9% real rate, the other is growing at 3%, if it's lucky.>
This type of statement is faulty, and it bothers me when I see it. You don't know what you are comparing. 9% of what? 3% of what? 9% of $1 million is much different than 3% of $1 billion. Our economy may be growing more slowly than China, but in absolute terms, it is probably a different story. But we aren't given the absolute numbers in this article.
It's no different than comparing stock prices without taking into consideration the number of outstanding shares. I suppose Microsoft is only 5 times bigger than Aspen, since its stock price is 5 times more than Aspen.
RGEN -
Ok, I bought at $3.44 today. I have another order for $3.01 if it gets there.
Didn't do a whole lot of DD, just going with hot-hand-MSGI, as I'm sure quite a few of us on this board :))
EGY vs ASPN
Anybody else have a little private competition going on to see which will be higher in stock price?
I own both, and would like to see them both over $10 together.
<Many huge winners will be found here among the micro-caps. You probably have one in your portfolio right now. There will be many seemingly good reasons to sell it too early.......>
Boy did you ever hit the nail on the head! I've noticed that many of us have sold too early many times.
hweb is one of the best at selling too early. One could make a living buying the stocks he sells (CKCM comes to mind). He has had an uncanny ability to buy at "value" prices, sell them when they get close to "fair" value, and then watch them take off into extreme overvalue territory.
ASPN,
This is getting absurd. At what point are we being pigs waiting for slaughter if we don't sell?
With this much runup and this much volume, Cohan leaked something to somebody. Why can't it be one of us? :)
Wade, ASPN and THK
ASPN - I don't blame you for selling at the time you did. It did seem like a disappointment was imminent. With the stock running like it is, somebody obviously knows something. I haven't seen any pump-n-dump style articles. So I can't explain this huge runup in price.
THK - I'm averaged around $2.40. My first purchase was just under $3, while my last purchase was just over $2. At the time I bought THK, I had read the Direct Response article where they explained their side of the story. I did feel that they sounded rational and sincere. I think they had the right to stop selling to Primary Ads when they did, and it shouldn't have come to a lawsuit from THK to force Direct Response to continue selling to a customer they don't want. I know I wouldn't be happy with a customer like that. My gut tells me that Primary Ads/Kawabunga is weak, while Direct Response is strong. But my gut has been wrong in the past. I'm in THK because I place a high value on the opinions of this board, and it does seem plausible that THK as a whole (and not just Primary Ads as a piece of the whole) will do well.
ASPN, I couldn't take it anymore, so sold 1/4 of my shares yesterday. The other 3/4 of my position is free.
Do others have the same problem that I do? I prune my winners and hang on to my losers (like THK).
HSPR
Thanks for your note. I especially like that the Q3 and Q4 will be easy comps, they had losses in those quarters in '04. With today's housing numbers in the news, they are in the right industry at the right time.
The price feels like a wound-up spring, ready to uncoil upwards.
hweb - HSPR
I took a flyer on this one a week or so ago when you mentioned it. It hasn't moved much, but it looks like it wants to break out on the upside.
Do you still hold it? What's your target?
Thanks!
In at 0.23.
Hank -
Actually the strategy rruff was talking about is quite conservative. I often sell out-of-the-money puts on stocks I would like to own at a cheaper price anyway. If the stock doesn't fall, I collect the premium. If it does fall, I get the stock put to me at a better price than had I bought originally.
Usually I do this on stocks on which I already have a position, and want to add at a cheaper price. I'm such a cheapskate!
<you often have to pull the trigger real fast, so it's important to not fall in love with any one stock>
Too late for me. I'm in love with MMRK and ASPN.
I will happily divorce MMRK if all of our troops from Afghanistan and Iraq come home.
Since I am more in "capital preservation" mode since 2000, most of my money is tied up in dividend-paying stocks like CanRoys and MREITs.
This board is quite enjoyable and often has good picks and sound DD behind the picks offered. That is a rarity on the internet message boards.
HSPR -
Did a little looking around, I like the basing action here so I started a position at 23 cents.
Thanks for bringing this to the board's attention, hweb!
PDGE -
The way I read the release, it seems to me they put a floor on the stock price, since large buyers paid 90 cents, but they also put a drag on the upside, since there is a lot of preferred that can be converted at $1 and also warrants at $1.11 and $1.33.
It will be a long time before we see $1.50.
I just recently bought shares at $1.10 after being out of the stock for a while. Looks like I will take a small loss to get out of this dead money stock.
<BTW: I really would have liked to have seen you enter the Pick Six Lotto contest!>
That is because you know that you would beat me, thus assuring yourself of not coming in last!!! :))
I hereby and forthwith apologize to whyme. I automatically assumed the message was a calculated spam attack because I saw it on several boards.
Usually the posters are bots or some other automated creations, but I see now that whyme is a real live poster.
I've seen this spam message on several boards now.
Lentimen, please remove it.
(Unless it is a good idea to short the stock since it is being spammed so much).
You need to know the outstanding number of shares when discussing stock prices. Any stock, including those on the DOW, can have a $1 stock price if they split the stock enough times.
A stock selling for 80 cents with 100 million shares outstanding has the same market cap as a stock selling at $80 with 1 million shares oustanding.
You need to compare apples-to-apples, and not just disregard any stock simply because of its price.
THK -
I think THINK is a good buy right now. Nobody is commenting because they are quietly accumulating :)
"Can you get the low float crowd to do one of their pump and run numbers on MMRK?"
You don't want that. MMRK is a wonderful stock that pays you to wait with a dividend.
Pump and runs are best on non-dividend paying stocks, because all you can look forward to is a capital gain anyway.
MMRK can almost be treated like a money-market fund, so you don't want it to get too high.
PDGE
"I know I am about the only one left who likes this stock however I consider that to be a very favorable vote of confidence from a lender."
I like any stock at the right price! I recently became a shareholder of PDGE for the 2nd time. I had a GTC order at $1.10 which got hit a couple days ago, but they only gave me half of what I requested.
Usually when I buy a stock, it is a short-term bad event for the security. So far, PDGE is bucking the trend and hasn't gone lower after my purchase.
THK - Direct Response
A subsidiary of THK is suing Direct Response. Not the other way around. How do you see it as Direct Response trying to hurt Think when they are the ones being sued?
<but my portfolio is up 145 % since Aug 16th of 04>
I have a few questions about buying, selling, etc.
Nobody has mentioned the size of their portfolio. When you say your portfolio is up 145%, is it on the entire investable funds you have?
I have a mid 6-figure IRA portfolio and a high 5-figure non-IRA. I treat them totally different.
Are people here talking about their "trading" portfolio when saying how much they are up or down percentage wise?
Are you up 145% on 1/2 million dollar portfolio? If so, I think you are too aggressive with your investing.
This is all my humble opinion. I am up a lot since 2001, but still below my peak value attained in mid 2000. Probably a lot of us are in this same boat. I got burned, and turned to mostly dividend paying stocks since then (REITS and CanRoys). Was a good move for a buy-n-hold type investor like myself.
Go back a few weeks and sell at $1.21 like I did...keep me company!
From now on, I'm going to post when I sell a stock, so others can use it as a contrarian indicator.
Did you buy SYX again?
I remember when I first "met" you, you recommended SYX at around $3. I bought, you subsequently sold, and it went up to $7.
I should have told everybody that I sold GFRP at 25 cents yesterday.
I also sold PDGE the day before they announced as well.
Really starting to annoy me!!
The reason I sold both of them was because I was accumulating too many stocks in my portfolio, and I wanted to trim those that weren't moving and that I had small positions in.
At least I made money on PDGE. Lost money on GFRP.
PDGE is out with good earnings because I sold my position this morning at $1.51.
I'm re-arranging my portfolio, and decided to cash in PDGE because I didn't have a lot of it anyway.
Naturally the company waited until I sold to put out the good news!
I'm sorry I recommended ENFN. Even though it tripled from where I recommended it.
As soon as Scott Sax resigned, which shocked me, I should have begun selling.
I have no explanation as to why it is trading at even 10 cents. Nothing I've read indicates it is worth even a penny.
I've been accumulating EGY lately.
In my last post, I equated the price of EGY under $4 to ASPN under $1.
This won't last for long under $4.
Now that you publicly blasted all the good news, being that you are respected and all, we probably will be over $4 this week! :)
I love ASPN. Bought in at $1.25 and watched it drift lower, even under $1 for a small period of time. Now it is above $3.
Lentiman's post yesterday convinced me to buy BSIC this morning. I paid $1.14, 2cents more then Lentiman.
We still have a long way to go in the oil & gas bull market.
I'm still scratching my head over EGY. The selling pressure should be over, with the resolution of the 1818 fund.
I suspect that EGY under $4 is similar to ASPN under $1. In 6 months, EGY could be trading around $8 if it follows the same pattern as ASPN.
EGY:
Now I understand why this stock stagnated while virtually every other energy stock I own was up the last few months. I think the news of 1818 fund being sold out is significant, probably very good for current shareholders. Here is the link:
http://biz.yahoo.com/e/050322/egy8-k.html
Comments?
Huge deal for liquified natural gas (LNG). As oil gets more and more expensive, alternatives like the following will become economically viable:
http://story.news.yahoo.com/news?tmpl=story&cid=530&e=6&u=/ap/20050227/ap_on_bi_ge/qatar...
I follow LRT. Bought at $1.50, sold at $3.00.
It is so overpriced at $7 it is ridiculous.
Stick with ASPN or EGY.