Here is a quick update, so I do not have to field the question…”Are you still in ____?”
Calls
FSLR, YGE, CREE, VMW, PWRD, DANG, MCP, CLF, BZH, BYD, DECK
Stock
RENN, GLUU, MTL, PACB, ROSG, NTE, SIFY, ONVO, OSGIQ
LT Holds
INTC, EEM, F, SU, RIG, ABBV, ABT, FSLR, NOG, SCCO
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I had to run to a funeral this afternoon. Will be back in a couple hours to field any questions.
Sorry abou the funeral. However, I did laugh out loud at this post.
OA, thank you for sharing. XONE is looking attractive, and oversold. But has a high premium on option value. Thoughts?
nice reading material.
i’m telling you bud to get back in PLUG… crazy long term potential…read Bigger’s stuff for thesis material.
http://biggercapital.squarespace.com/display/Search?moduleId=4814582&searchQuery=plug
Question now is will they or won’t they have to do the reverse split…
well, the CEO seems to communicate that they won’t…the same dude who is buying a bunch of shares on the open market…do you believe him is the question?
These high risk low potential of reward seen to be the antithesis of the trading style we are attempting to learn and mold in here. My .02.
low risk? how is it any different from an options play…except MUCH lower risk because time is not an issue. my .02.
How is it any different from an option play ?
Cost of money to start with – calls have a 0% margin requirement. Your stock has a 100% margin requirement. Options have a known (and predictable) decaying time value. Let’s say your stock triples by March. What was the carrying cost of the dollars you tied up for 6 months (my broker is 7.67% – don’t know about yours). Assuming you invest 1000 to make your 300% and I take $1000 and put it in 85% probability options. Conservatively, I make 8% per month (I actually average 14.78 since June, so these are real numbers). Plus I have the additional $80 EACH month to invest in options, all yielding 8% per month. So by my math, IF your stock triples in 6 months and my performance stays flat, you will be between $176 and $300 behind me (depending on your carrying cost).
IMHO – that is sub-optimal investing, hence my “low reward” comment.
ok, say the markets correct hard for the next 6 months and your option money goes to zero, which strategy is low reward. that is a real possibility, no?
you can play “if”s all day. what if it goes up 10x? what if you can’t maintain that return? etc.
the real question is “is this a good investment?” if you think not, then that’s fine…reasons would be great.
by the way….85% probability option is pretty funny.
bought oct mcp 7 calls
who else is in and at what strike?
not much of a choice..
I’m in MCP Oct 7 since 9/9. Looking good.
me too – MCP Oct 7’s – since Sept 16th.
I’m in Oct 7 @ 44. May double down on this today following Ragin Cajun.
http://ibankcoin.com/rcblog/2013/09/23/top-pick-mcp/
Correction in Oct 7 @ 24.
Didn’t look right, even as I hit “submit”.
In Oct 7s and Nov 7s, both are up +100% as of now. Would like to take off Oct 7s around $9.20 and letting the Nov 7s ride until proven otherwise.
DECK showing some real nice strength today.
What’s the target for DECK. Looking at the chart, it feels like chasing.
Thoughts ?
You gave up on PLAB long term?
Never had this…
Didn’t see when you sold URRE…?
Today.
BIDU ripping!
Ughhh my EVC find last week popped today. I chose YGE instead last Friday. 🙁
Hey OA – remember you talking about $F awhile back – huge volume pocket up above. Would this pullback present a good entry for a LT position, or better to wait awhile?
I see previous resistance was at around $17.20 so I would think we’d get decent support here. Thoughts?
NNVCD – get it….been in since it was .50
GMCR got hit by Seeking Alpha. I bought more this morning. Anybody picking up down here ?
Thanks for the list OA!
TZA calls and long term penny stocks still there?
Thanks,
Outsidee
The TZA expired Friday.
Is anyone tracking VNDA ?
Seems like it’s a good setup.
Great call on DECK, thanks for sharing. Can you please tell what the target is for DECK or october $62.5 calls.