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January Stock Talk V

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Posted: #76
fuck it wall,to get all that back in a day,no problem sellin it
 
Covers Linesmen
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Posted: #77
Gunners,

You know how long I have been holding IDMI right? A LONG time..so this brought me back to even.

I would buy it below 3 though..got down below a buck not long ago.

Boiler, market wise? Some bad ISM number and now they are back to where they were before the move up.

Yeah I took that chance and rang the register..had 1300 shares so the move today helped quite a bit.


 
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Posted: #78
yeah, i knew you were on it for a while.  good to get your basis back though, could be worse
 
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Posted: #79
Part of me knows the drill that the MMs will try and run it tomorrow early, then take them down and cash out the day traders..

But geez I had to take advantage. I missed the top at 4.30 or so, but did sell at 4.02


 
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Posted: #80
DAMN wallstreet, IDMI finally! Still sitting on it, what a crazy day.  Took forever but glad i didn't sell awhile back.  Kind of offset by imb shitty day but it has been on a nice run, half my shares are gonna get called away on imb 7.50's unless I buy them back and just sell calls on all of them at the 10 strike.  Gonna dump idmi if opens down.
 
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Posted: #81
Grinder,

So what did you sell CC wise exactly?

I didnt see ANY news on the IMB drop, went from over 11 to below 9, I dont get it.

Watch that open on IDMI, set a mental stop and dont let it turn into a missed opportunity.
 
Prospect
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Posted: #82
I sold 7.50's on half of imb shares a few weeks back.  I'f imb drops anymore I will buy them back and sell new ones but this time sell them against all of my shares out of the money to make a few more points (hopefully).
 
imb reports earnings on 2/12, i have a mental stop on idmi which is dump for anything above 3.40....gonna be watching closely today.
 
 
 
 
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Posted: #83
FWIW

I bot 1000 shares back at 2.75 today, since I sold at higher prices I can about buy 2k shares when I had 1300 earlier.

What did you do Grinder?

They are killing the stock today.
 
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Posted: #84
wall- way to go on the $4.02 sale yesterday!
 
Prospect
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Posted: #85
does anyone have any insight on PRS Primus Guaranty?  I picked up at 5.5, got killed yesterday on 4q earnings losses yesterday, down a shade below 4.

Is this company dogpile or should I hang tight for a bit?  I know credit swaps are high risk and dont feel like tanking even furthur.
 
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Posted: #86
If you think credit swap market returns then hold..the income statement is verrryyyyy scary.

Its kind of the same reasoning for taking a stab at a MBI or a IMB kind of stock, if you think the future will improve then current prices are going to improve in the longer term.

Risky is a nice way of putting it.
 
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Posted: #87
Thanks Gunners!

I have missed so many of these one-day-wonder moves that I had to take the chance yesterday.
 
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Posted: #88
i wish i bought with you at $2.75 for a day trade
 
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Posted: #89

  This is kind of a personal, specific question that I will generalize to make it hopefully more apt for everyone.
  I am looking at state by state muni bond funds.As I live in VA, I am looking exclusively at funds that are solely in VA bonds.
  What does everyone think of the basic relatively short term (one year to two year) prospects for muni bonds, given the uncertainty of the bond insurers? What is a reasonable expense ratio for these funds??
   I have never, ever been interested in bonds. I have never spent much time with them at all.

 
Legend
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Posted: #90

Quote Originally Posted by wallstreetcappers:

Might regret this..but I sold my IDMI in after hours.

Being down so long on the stock and it got back to about where I bought it, so I took it off the table.

accventures is probably dancing in the streets!

 

LOL!  Only down 56% now!!!!!

 

It was a nice surprise I will admit.

 
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Posted: #91

 For people who really get into the data of energy, the following site is the one of the most useful I have discovered over time. I may have posted it before, but if not:

https://www.eia.doe.gov/

 
Legend
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Posted: #92

BTW, I think we could  get a POZN approval before April....yes, that would mean the FDA acting on something early.....no, I have not lost my mind.  They have had the file for a long time and the study that was done was stupid and they knew what the damn results would show before the bitch was even done.

 

Early approval (before April) would be VERY nice for my march 15 calls.  Very nice.  Building a position in the June 17.50's just in case.

 
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Posted: #93
Acc,

Even if POZN gets approval, we both know that doesnt mean they start selling in April..the sales force will need to be developed and marketing plan created etc and implemented. There wont be any real sales until 2009 most likely.

The time to make hay for POZN was this year..it could still do well, but with both ingredients being off patent by the time sales start, it doesnt give me confidence in owning the shares.

So you are STILL down 50% on IDMI? I bot and averaged down..luckily.

Gunners..I tried to sell at 3.27 for 500 bucks today, will leave the order in and see if they run it back to the highs again.
 
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Posted: #94
alright... hope it goes back up.  i just bot 775 shares at $2.68.  i plan on selling sometime today. 
 
Legend
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Posted: #95
Remember Local.com (LOCM)?  Hot again today on increased traffic news.  Up about 35% today.
 
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Posted: #96
Depeche,

I saw that...nice move but I just dont see them turning the business into a critical mass and the whole lawsuit thing hasnt panned out yet.

IDMI all over the place..
 
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Posted: #97
WS, I still think they are positioning themselves to be sold.  With the Yahoo thing I think you'll see a wave of consolidation in internet properties.  Local is a very important segment and local.com has good properties and local search IP.  I can definitely see Google taking them out for an amount that would be pennies to Google.
 
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Posted: #98
BIDU down to 235??

And to think I scoffed at the 300 puts?
 
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Posted: #99

wall, i wish i actually shorted DECK up at 137.  it just broke down this afternoon, trading at 110 right now.  i'd have taken that 27 points and ran!

still holding onto the IDMI, hoping for a bounce tomorrow i guess.  luckily it is a side show to my running inverse etf positions. 

 
 
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Posted: #100
fwiw - i hear a new hedge fund strategy is to find highly leveraged companies and short the piss out of them

any idea how to run a stock screen on debt rations?


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