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Duey
Sep 5, 2004

Hi
Nap Ghost

Cheesemaster200 posted:

I am still waiting mostly in cash for at least another week.


I did the same thing. I took my profits last week and I'm going to see how bad this storm gets. Friday employment numbers will be dismal post-holiday and that'll push the DOW under 10,000 which will put all the bulls into a panic. Even if I am wrong about that, I doubt I'll miss out on any profit in the next few weeks from anything.

I need to learn how to short-sell.

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Duey
Sep 5, 2004

Hi
Nap Ghost
I decided a few days ago to go long on Sirius XM. I might have hopped on this bandwagon too late, but I don't think so. Pretty sure this stock is going to at least 1.00$. I don't think this qualifies as Penny Stock discussion given their market cap and their listing on NASDAQ.

Duey
Sep 5, 2004

Hi
Nap Ghost

Macrophage posted:

I don't know if I'd want to go long on it. With Stern's contract renewal coming up it could become a very volatile stock

Realistically he's not going to leave. You're right though that his negotiations will increase the volatility of it. But they got another year extension to prevent being de-listed and the stock has been moving upward for the last year or so.

The stock is in what looks like a mild downtrend at the moment, but long term uptrend. I won't hold it for much more than a year though because of 2 things, their debt load is still pretty big, and they will have to replace those satellites soon. But they added 250,000+ subscribers in the 4Q and their earnings estimate for later this month looks good.

So a lot of good, a lot of bad. It's a gamble, but I didn't put much of my portfolio down so, upside I make some money, downside I lose some.

Duey
Sep 5, 2004

Hi
Nap Ghost

whalesneedlove posted:

As long as you realize you are gambling and not investing.


Yeah, but at least casinos give better odds.

Also, I wanted to post http://go.skygrid.com/ . Investopedia uses it for their news and I clicked it on a whim the other day. It's basically an RSS feed for news related to your stocks, indexes, whatever. I've found it useful, thought maybe some people here would as well.

Duey
Sep 5, 2004

Hi
Nap Ghost

MrBigglesworth posted:

Nice jump on SIRI today.

Yeah, It's been kind to me in the last few days. The stock likes to break out around 3 PM, it increases in volume and usually goes up a few cents. I don't know why. It's also been getting really heavy volume, yesterday it was almost 3x avg. volume and today it'll probably be more than that.

Duey
Sep 5, 2004

Hi
Nap Ghost
I figured it was cheaper to trade sub-1$, but I didn't know that exchanges were making it cheaper. Now that it's over 1$ is that going to change?

Duey
Sep 5, 2004

Hi
Nap Ghost
Stopped out of SIRI today. Went from .85 to 1.09 in a week. Feeling good. I'll probably buy back in next week ahead of earnings depending on the price.

Duey
Sep 5, 2004

Hi
Nap Ghost

Dr. Jackal posted:

Something about Liberty Media converting their preferred stocks?

Looks like people are scared that dumping will drop the price to.. a quarter per share.

Apparently Liberty is turning it's 40% stake into common stock which will severely dilute the price per share. It'll be a miracle if SIRI gets back into compliance next week considering they are essentially doing a stock split. I got back in this week before earnings at 1.06. I'm regretting that now. I'll sell out and take the loss Monday since it looks like this thing is going down.

Misread a few articles. All that was done was evaluations of the stock done included the Liberty Media preferred Shares and the conclusion was that the stock was overvalued. I'll have to see what the stock does next week to decide what to do.

VVVVVVVV Before this there was quite a bit of good news for Sirius. They had positive earnings, they were adding subscribers, they were on track to be back in compliance on the NASDAQ, and Ford was doing well which adds to their subscribers. If they economic recovery was/is coming, they were in a decent position to profit from it. The biggest worry was their debt, but if they were adding subscribers and making money, the debt became less of an issue.

Duey fucked around with this message at 00:16 on Feb 27, 2010

Duey
Sep 5, 2004

Hi
Nap Ghost
Citigroup and QCOM have been really performing for me lately. Of course I made the decision to buy XLNX the week before apparent profit-taking so as always, two steps forward, one back. Wish I had posted about QCOM when I bought it so I could legitimately do a :smug: .

We'll see how Citigroup fares with the Government sell back and the Greek crisis.

Duey
Sep 5, 2004

Hi
Nap Ghost

D13F00L posted:

I think it's a safe stock, and not overdone. Trying to figure out what happened towards the end of Jan. Might have just been profit taking.

Earnings report, they reduced guidance and prompted a huge sell-off. It was way overdone too and the stock has been recovering ever since. I agree with your assessment though, it's why I bought in a few weeks ago too.

Duey
Sep 5, 2004

Hi
Nap Ghost
Jesus, NFLX is up 10$ in 3 days. I thought it was overbought at 70, but it seems unstoppable.

Duey
Sep 5, 2004

Hi
Nap Ghost

Dead Pressed posted:

Sigh.

I sold out of Citi yesterday at 4.60, putting me at 12% over my original investment. Since then? Price is up to 4.77

:smith:

I almost did the same thing, but I thought with earnings coming out for them next week I might as well take the chance. I figure they'll be better than last year and that'll put the stock up. Probably get out around 5, then wait for it to settle down. I don't think you made a stupid call though, it's shot up in the past 2 weeks something fierce, I doubt it'll sustain.

Duey
Sep 5, 2004

Hi
Nap Ghost
SIRI is on a tear today, up almost 13% but on pretty low volume. I guess going over 1.00$ again set it off.

Duey
Sep 5, 2004

Hi
Nap Ghost

MrBigglesworth posted:

This makes me happy.

I bought in at .865. Earnings are in 2 weeks.

Wish I could say the same. I bought in at 0.88 then sold out at 1.09. Then stupidly bought back in as it retraced around 1.00, then it kept retracing. Almost sold out completely at around .80. Oh well, at least my loss is all but erased now and I have Citi options making me money.

Duey
Sep 5, 2004

Hi
Nap Ghost
So this might be a stupid question, but what effect does options expiration have on the market? Does it usually push prices higher? lower? no effect?

Duey
Sep 5, 2004

Hi
Nap Ghost
Thanks for the article destructo, that helped out. Now I also get to use a funny word every month.

Duey
Sep 5, 2004

Hi
Nap Ghost
Apparently I should have jumped out of C when it hit 5.00$. Just have to hope Monday's earnings push it up and that it doesn't totally cave today.

VVV Because the market is filled with Chicken Little types.

Duey fucked around with this message at 17:48 on Apr 16, 2010

Duey
Sep 5, 2004

Hi
Nap Ghost
I got stopped out of Citi yesterday at 4.75, looks like I should have held on. No great loss though, I have some 2012 long calls that will be in the money shortly. There's just too much volatility in it right now to justify holding it long term. Goldman gets sued and they drop 5% in a day? Everyone is too jittery with their hands hovering over the SELL button.

Duey
Sep 5, 2004

Hi
Nap Ghost

destructo posted:

Looks like he sold at the January pop up to ~60, now it's up 40% from there, not bad.

SNSS might make a run over the next two weeks due to some deadlines looming, should be a good size run up before June as well, as new Voreloxin data is expected. Got in today at 0.94 with 3k shares.

I did the same. bought it at 48.70 pre-earnings in January because honestly, who bets against NFLX on 4Q earnings. Popped to 63 and sold out. I figured it would retrace a bit and I'd jump back in. It never did. How I wish I had just held on.

Duey
Sep 5, 2004

Hi
Nap Ghost
I'm right there with you on F. March started off good but apparently lost steam. I'm hopeful though and I expect them to gain a bit.

Also, loving QCOM. Always lowering expectations. Am I crazy for thinking they are well poised to profit off the smartphone craze and tablet craze that's going on? At least those calls I sold at 45$ won't be exercised and if they are I'll be happy it goes up that much anyway.

Duey fucked around with this message at 00:09 on Apr 23, 2010

Duey
Sep 5, 2004

Hi
Nap Ghost
Ford is going the wrong way! EUROPE!! :argh:

Duey
Sep 5, 2004

Hi
Nap Ghost
BRK/A and BRK/B are so dependent on one heartbeat that I just know the day Buffett finally goes, it'll be down a lot. Same with AAPL in a way though less so.

Duey
Sep 5, 2004

Hi
Nap Ghost
I'm not suggesting Berkshire won't survive his death, just that it will suffer because of it. At any rate, that's why I don't put any money into it, instead I put it into stocks which promptly plunge! I'm looking at you QCOM.

Duey
Sep 5, 2004

Hi
Nap Ghost
Why the sudden boost today? IMF bailout or did the market just get tired of going down again?

Duey
Sep 5, 2004

Hi
Nap Ghost
Holy poo poo, what happened? Dow down 875 last I looked.

Duey
Sep 5, 2004

Hi
Nap Ghost
Got out of a few positions yesterday, only holding QCOM, XLNX and SIRI now, all of which are long term and make no sense to sell. drat, this happened fast too.

Duey
Sep 5, 2004

Hi
Nap Ghost

unixbeard posted:

anyone know why zerohedge is down?

Bears probably flocked to it and crashed the servers. Also, goldbugs.

Duey
Sep 5, 2004

Hi
Nap Ghost
Maybe that's why I couldn't access my Schwab account earlier, they were out of business for a bit there.

Duey
Sep 5, 2004

Hi
Nap Ghost
Crap, I got out of the market in late August anticipating a long slow decline. I feel like an idiot now seeing how much everything has gone up. I know as soon as I jump back in I'll just get hammered though. At least I didn't lose money, but it would have felt good to make some.

Duey
Sep 5, 2004

Hi
Nap Ghost
drat, glad I picked up some NFLX today. I figured it would get a boost after earnings, but seeing it up almost 2$ in after hours is a nice bonus.

EDIT: Holy poo poo Google just destroyed. Tomorrow will be a good tech day.

Duey
Sep 5, 2004

Hi
Nap Ghost

Dr. Eldarion posted:

Ow.

Well, if you were waiting for a drop...

Post-election will probably see a sustained drop. One day drops like yesterday are just aberrations at the moment I think.

Also, NFLX reported, up about 10$. We'll see what it does tomorrow.

EDIT: Subscriber acquisition costs went way down as well. From 26$ last year this time to just over 19$ now. That's pretty huge. The biggest concern going into 3Q was that the cost for adding each subscriber was going to be too high.

Duey fucked around with this message at 21:42 on Oct 20, 2010

Duey
Sep 5, 2004

Hi
Nap Ghost
Glad I held onto NFLX over the weekend, up almost 12 so far today. Selling out today, hopefully it'll hit 180.

Duey
Sep 5, 2004

Hi
Nap Ghost

ayekappy posted:

Still liking my strat of waiting till Nov 1st 1 hour before close to short EVERYTHING, BWHAHHA. My orig target was Dec though.

I've been toying with that idea too, but I have a feeling that the whole market will just go sideways until after the holidays and then start down. I've been looking around for some puts around March of 11, but haven't found anything that's piqued my interest yet.

Duey
Sep 5, 2004

Hi
Nap Ghost
Ugh, why did I sell QCOM? It underperformed for months and then I decide to rid myself of it just as it starts climbing up in September. Should have just had the nerve to stick it out.

Duey
Sep 5, 2004

Hi
Nap Ghost

Cheesemaster200 posted:

What is everyone's opinion on GLW? It has a nice dividend and in my opinion gives a good exposure to growth in mobile devices, wherever they may head after saturation of the smartphone market.

Gorilla glass is their best selling product and that was priced in years ago. Willow glass is good, but brittle and will probably be underutilized. I owned GLW for awhile but it's price fluctuations make it a risky buy.

Duey
Sep 5, 2004

Hi
Nap Ghost
Glad I sold CREE last week. At least I did something right.

Duey
Sep 5, 2004

Hi
Nap Ghost
Anyone else in GILD? I'm concerned that the market has priced in demand for Solvadi already.

Duey
Sep 5, 2004

Hi
Nap Ghost

Untagged posted:

Jim Cramer screaming about how this is all bogus and fake makes it time to sell it all.

He honestly looks like he's going to explode.

Duey
Sep 5, 2004

Hi
Nap Ghost
Bought into MU this morning with the expectation that maybe I'd get 5-10% out of it within 6 months. Got 6% in a day. Not used to this. Figure I'll hold since I still think it's got some good upside.

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Duey
Sep 5, 2004

Hi
Nap Ghost
MU is ripping again. Wonder if this train will keep going or if I should cash out.

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