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August Stock Talk II

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All-Star
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Joined: Jan, 2006
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Posted: #76
Just closed out DRYS at 71.00.
 
After fees and the 28% ass-fcku, 600 rocks to 5 Dimes for football.
 
Yehhaaa
 
 
Covers Linesmen
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Posted: #77
CC,

Nice job, I saw it hit 71 for you right near the close.

600 bucks is nothing to sneeze at, congrats.
 
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Posted: #78
Quote Originally Posted by wallstreetcappers:

CC,

Nice job, I saw it hit 71 for you right near the close.

600 bucks is nothing to sneeze at, congrats.

Well, 5 Dimes has it now.  And the way my sports gambling has been going, that 600 could be gone in no time.

Needs to last me all football seasons until pro bowl is over.

If my sorry ass account reads $600.01 the night the pro bowl is over, I will consider myself fortunate.

 

Thanks for the help with DRYS.  Just don't have the balls/stupidity to hold it over the weekend.  Just way too much crap could go wrong.

 
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Posted: #79
CC,

600 bucks is a great trading day. I think I saw your size on the offer, was it 1300 shares?

Either way, enjoy the foots money and I dont blame you for hit and run trading, it is the only way to survive this market.
 
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Posted: #80
Nah, man, mine was a straight 1000 share deal.  E-Trade could've coupled it with another 300 block and then charged commission on both in one execution.
 
E-Trade is also notorious for taking positions against their customers.  I had a problem with their market maker back in 2001 on a PLUG trade.  They took against me and got clobbered on a "market order," which I usually won't do if I am watching the level II.  They filled my oder about 6 minutes after the request, and PLUG had moved about 4 points in that time, and since they went against me and were liable, they tried to screw me.  They fixed it cause I raised all kinds of hell, but needless to say, they are total crooks and can't take the loss like a pro would do.
 
Nah, man, I took DRYS at today's open (1000 x market) and did the GTC around closing time for 1000 x 71.00.  I have found that at day's end, they don't fill GTCs unless they think it opens higher the next trading day.  I am sure DRYS will gap up Monday if there is no war/hurrican/bank failure/etc   over the weekend.
 
Enough rambling, man.  Thanks for the help.  6 more days 'til football season.
 
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Posted: #81
CC,

I remember those days when PLUG was a monster mover..that and about 200 other stocks.

We had some customers who got SMASHED on the top from SUNW, from the PEAK top..I think it was 135 and these people had limit orders in and the stock traded ABOVE the price and these people didnt get filled..it took weeks to figure out but the reality was that the higher trades werent part of the bid/ask rather fundie trades outside the market, block trades..which happens as you know.

You got LUCKY on that PLUG fix man..seriously. A market order they will screw you no matter what and the firm can always blame the routing firm since most of them use other MMs to actually route the trades taken from their customers..

I have other stories but I dont want to go into it..the personal losses due to brokerages to me is pretty severe.
 
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Posted: #82
Yeah, WSC, but at the time (even 2001), ETrade was touting their "instant execution."
 
They tried to bone me and knew I was right.
 
But yeah, I got lucky, cause had they just said to me "fcky you little guy, what the fcku are you going to do about it?".....there wasn't much I could do except scream, yell, make threats, etc....
 
That kind of crap is typical of low budget clearing houses like ETrade, though.
 
And yeah again, market orders are there so the manipulator can fcku the bejesus out of the little guy.  I hate using them, but sometimes (like when at work) I just don't have time to haggle over stuff.
 
Thanks for DRYS.    Now, give me some good 2H football winners.  Just going to bet 2Hs this year.....easier as far as the work, and don't have to do all that gd hand-wringing about Vegas vs the public, trap lines, sucker bets, etc.....
 
Prospect
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Joined: Nov, 2006
Posts: 477
Posted: #83
Quote Originally Posted by claycourtlesson:

Just closed out DRYS at 71.00.
 
After fees and the 28% ass-fcku, 600 rocks to 5 Dimes for football.
 
Yehhaaa
 

 

 
Covers Linesmen
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Posted: #84
CC,

I am not going near pre-season foots..I can wait a few weeks for the real stuff.


 
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Posted: #85
Yesterday was Friday and the good ol' FDIC made its now weekly appearance at another bank to shut it down.  This time it was Columbian Bank and Trust in Kansas.

But no worries, the market was up almost 200 points Friday led by financials. 
 
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Posted: #86

From the Stating the Obvious Department....

Fannie Mae and Freddie Mac, the two largest mortgage finance companies, ``don't have any net worth,'' billionaire investor Warren Buffett said.

``The game is over'' as independent companies said Buffett, the 77-year-old chairman of Berkshire Hathaway Inc., in an interview on CNBC today. ``They were able to borrow without any of the normal restraints. They had a blank check from the federal government.''

Freddie Mac and Fannie Mae touched 20-year lows yesterday on the New York Stock Exchange on speculation a government bailout will leave the stocks worthless. U.S. Treasury Secretary Henry Paulson won approval from Congress last month to pump emergency capital into the companies, which account for more than half of the $12 trillion U.S. mortgage market.

Fannie and Freddie mispriced their products and ``kept existing because they had the federal government behind them,'' Buffett said. Omaha, Nebraska-based Berkshire had been among the largest holders of Freddie until about 2001, when it became apparent the company wasn't being run well, he said.



 
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Posted: #87
What are your thoughts on ORI ?Ive got a friend that is preaching to me to invest in it. It looks pretty good at $10 and has a decent dividend to go with it.
 
 
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Posts: 3392
Posted: #88
ORI has been going straight down for 2 years.  they've missed earnings estimates 11 times out of the last 12 quarters.  i wouldn't buy it unless it pushed through $11 convincingly.  even then, there is serious resistance around $11.83. 
 
i don't know much about the company, insurance underwriting it looks like.  would this be the best company in that arena?  i doubt it. 
 
decent divi, sure, but that's because the price of the stock has been beaten down so bad.  that 6.7% divi is only 3.5% of it's 52 week high. 
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