Was only able to pick up 2500 shares of BALT after hours between $4.48 and $4.55. I have no idea what the offering price will be but I'm assuming it's $4.40 or so.
I noticed lots of people threw in the towel on BALT last night from an emotional standpoint. I can understand why. Equity raises are frustrating, but if you believe rates will rise then their upside is getting really really high.
I saw an funny post on BALT from one of those frustrated guys: "That awkward moment when a trade turns into an investment."
BSBR - Is this one funneling money to Spain, shareholders collect these special dividends but will Brazilian authorities take an interest and put a stop to it? Do they care, should they care?
(a) The longer this goes on, the better the opportunities down the road. There is no such thing as a straight line in the capital markets. (b) Try trading the sectors that are going down> EEM, GDX, UNG/UGAZ. (c) Trade individual stocks. (d) Stay away from VXX/TZA while markets are stuck in the mad bull. Being a hedge fund, I don't understand why Hussman insists on holding positions + hedges. What's wrong with cash? (e) Sure, it sucks. Most things in life do at different times. Hitting perfect pitches make up for it.
The markets have a way of not letting people in for a long long time. Look at the 50s. Not saying we're heading into that but never hurts to consider the possibility.
I was just looking over some oldies...remember ADES? that sucker hit $50 today. WTF is wrong with us?
Keep up the good work guys, I'll be in hospital visiting next couple days. Family member was in auto accident yesterday, now in ICU for a couple days with two broken legs and ribs, dog was hurt too. Won't be able to walk for at least six weeks.
Mark - If memory serves me right TZOO did a partial split to get rid of excess shares left over from their IPO. They did some shady deal selling shares directly to the public which violated state rules I think so they have to not only pay up for the violation but I think they just wanted to get rid of leftover partial shares. I think they're doing a reverse split and then a normal split to accomplish this.
At least that's what I remember.
I'm still watching this one because of that hotel booking platform they're launching. I think that has a lot of potential but it's tough to gauge with that company. My thinking is they have a ton of traffic but are not monetizing it properly and this is a good step in the right direction.
HMO Customers Caught in Sutter-Anthem Crossfire The Sacramento Business Journal reports that Anthem Blue Cross continues negotiations with Sutter Health to nail down a new contract for next year, but the process heated enough last week to prompt Anthem to send letters to 33,000 HMO customers warning them the contract will expire at Jan. 1 — and everybody will be assigned to new doctors. State law requires health plans to notify members 60 days before a contract termination that affects their medical group. But high-stakes contract negotiations are the norm, especially with Sutter and Anthem. Termination letters send patients into panic and amp up the stakes. But settlements happen more often than not and patients in ongoing care for certain conditions can stay with their provider for as long as a year.
TOF- TZOO, thanks, it's showing up on my trading screen, so maybe it's wrong.
GMO- I've waited what seems like forever to add to my GMO position, which I did today @ 1.34. Basically it at BAML pt and I always expected a sharp break out of this range. I'm gussing it's a reaction to TC earnings/ratings. I wont buy any more until financing is found.
(a) Encouraging signs in Emerging Markets. Up +1.5% today. (b) Miners up +2.7%. (IMO, just another bounce on its way to new lows.) (c) TLT up +0.7% on bullish comments by (incoming Fed chairman) Yellen. Were I to open a position, it would be to ‘sell the news,’ which is possible via TBT (an inverse leveraged ETF). (d) AA trading around 9.
There is no such thing as a straight line when it comes to price movements. I’ll continue to bide my time.
Just a session away.
ReplyDeletehttp://www.youtube.com/watch?v=IEtzHz9J1k4
ReplyDeleteWas only able to pick up 2500 shares of BALT after hours between $4.48 and $4.55. I have no idea what the offering price will be but I'm assuming it's $4.40 or so.
ReplyDeleteThat's why I had an order in at 4.40
DeleteLooks like they priced it at 4.60
Deletehttp://www.sec.gov/Archives/edgar/data/1474042/000110465913083835/a13-23711_3fwp.htm
Bull in the headlights?
ReplyDeleteHitachi (6501): Announces tender offer for Hitachi Medical.
China Lodging Group: 3Q13 beat on margin / Raise PO to US$30.3
ReplyDelete4 minutes ago
Ticker is HTHT
DeleteYRCW- Bummer, that would have been a sweet little trade.
ReplyDeleteSorry I talked you out of it.
DeleteNo, you didn't bro. I have a bid in about .10 too low. It was just for a scalp anyway. If we're not honest in our posts we shouldn't be here!
DeleteBSBR- This one has pulled back to an interesting spot.
ReplyDeletevery interesting spot, i agree.
DeleteI noticed lots of people threw in the towel on BALT last night from an emotional standpoint. I can understand why. Equity raises are frustrating, but if you believe rates will rise then their upside is getting really really high.
ReplyDeleteI saw an funny post on BALT from one of those frustrated guys:
"That awkward moment when a trade turns into an investment."
Well it still looks good to me, management is pretty aggressive seems like (adding to the fleet) so if they're right then BALT done the right move.
Deleteyeah it all comes down to a recovery in rates. Leverage is astronomical.
DeleteNVDA - Triple top coming or will this baby roar through?
ReplyDeleteBALT - LOL, I think it's gonna turn green.
ReplyDeleteDidn't even hit $4.50 this time, BFD over the expansion, huh?
DeleteBSBR - Is this one funneling money to Spain, shareholders collect these special dividends but will Brazilian authorities take an interest and put a stop to it? Do they care, should they care?
ReplyDeleteThat's kinda the way I see this one.
CCL - $35.73 - Took 1/3 of position off, to lock in some gains.
ReplyDeletean 11% gain on that.
Deletewell done.
DeleteHey, nice trade CP! Buying after the waterfall in September took guts.
Delete1776 - That would be quite cute, wouldn't it?
ReplyDeleteBear in the tail lights....
ReplyDeleteMM- How nice.
ReplyDeleteI thought about opening GDX or EEM today. The reason I didn't? It just felt like I was being 'baited.' Both will probably take off tomorrow.
ReplyDeleteBoth are trading well above their respective closing prices after hours. Of course.
DeleteCSCO down -10% after hours.
ReplyDeletehttp://www.marketwatch.com/story/cisco-profit-slips-as-revenue-falls-short-2013-11-13
DeleteNo worries. Investors will ignore the bad news as 'company-specific.'
It may be awhile before I make any more trades. I'm emotionally incapable of chasing prices.
DeleteBeen that way for me for a while bro. Kinda sucks.
DeleteHere's how I look at it:
Delete(a) The longer this goes on, the better the opportunities down the road. There is no such thing as a straight line in the capital markets.
(b) Try trading the sectors that are going down> EEM, GDX, UNG/UGAZ.
(c) Trade individual stocks.
(d) Stay away from VXX/TZA while markets are stuck in the mad bull. Being a hedge fund, I don't understand why Hussman insists on holding positions + hedges. What's wrong with cash?
(e) Sure, it sucks. Most things in life do at different times. Hitting perfect pitches make up for it.
Makes sense. Thanks. I bought a new bike in the down time.
DeleteThe markets have a way of not letting people in for a long long time. Look at the 50s. Not saying we're heading into that but never hurts to consider the possibility.
DeleteI was just looking over some oldies...remember ADES? that sucker hit $50 today. WTF is wrong with us?
ADES - I wouldn't have known if you hadn't mentioned it again, LOL.
DeleteJust in case you were stuck on my Christmas present...
ReplyDeletehttp://www.competitivecyclist.com/cycleops-bike-thong-sweat-catcher?ti=UExQIENhdDo6MTo5OmNjQ2F0MTAwMDEw
Maintain speed and the air will absorb your perspiration, surely you don't need to sweat in that dry air!
DeleteMM - When you're hot you're hot, and vice-versa.
ReplyDeleteOverall, today felt a lot like a bull-trap to me, but... it was too much like a trap for it to be?
Keep up the good work guys, I'll be in hospital visiting next couple days. Family member was in auto accident yesterday, now in ICU for a couple days with two broken legs and ribs, dog was hurt too. Won't be able to walk for at least six weeks.
ReplyDeleteWow, good luck buddy. At least they made it.
Deletewow that sucks. sorry to hear that
DeleteI'm sorry, CP. Hope he/she recovers quickly.
DeleteCan we please have a few hundred point haircut on the dow today please, such punishment would do us a world of good! :(
ReplyDeleteTrying EEM @ 40.80 for a bounce.
ReplyDeleteOff @ 40.99...
DeleteWhy the hell would TZOO do a 1:25 reverse split?
ReplyDeleteI dunno, but that chart could have potential assuming TZOO isn't a fake fly-by-night. Gap-up obligation is now complete, pump and dump is done?
DeleteBB&T new PT of 20 for YRCW. I'd love to see how they get there.
ReplyDelete$2 bux MUX - I suspect will see new lows...... Who knows, silver to $150 in Tazmanian dollars?
ReplyDeleteGet ready for UNG/UGAZ.
ReplyDeleteFeels a little frothy out there. But (as I often think to myself these days) wtf do I know.
ReplyDeleteMark - If memory serves me right TZOO did a partial split to get rid of excess shares left over from their IPO. They did some shady deal selling shares directly to the public which violated state rules I think so they have to not only pay up for the violation but I think they just wanted to get rid of leftover partial shares. I think they're doing a reverse split and then a normal split to accomplish this.
ReplyDeleteAt least that's what I remember.
I'm still watching this one because of that hotel booking platform they're launching. I think that has a lot of potential but it's tough to gauge with that company. My thinking is they have a ton of traffic but are not monetizing it properly and this is a good step in the right direction.
Best Wishes for a speedy recovery for your loved ones CP.
ReplyDeleteZGNX upgrade at OPP.
ReplyDeleteGold up on Yellen.
All quiet here, sleeping late, playing tennis and enjoying my last few weeks in paradise.
SNE may be coming back to life.
ReplyDeleteOr just filling gap
Deletei've been watching that one closely. almost bit at $17. oh well.
DeleteHMO Customers Caught in Sutter-Anthem Crossfire
ReplyDeleteThe Sacramento Business Journal reports that Anthem Blue Cross continues negotiations with Sutter Health to nail down a new contract for next year, but the process heated enough last week to prompt Anthem to send letters to 33,000 HMO customers warning them the contract will expire at Jan. 1 — and everybody will be assigned to new doctors. State law requires health plans to notify members 60 days before a contract termination that affects their medical group. But high-stakes contract negotiations are the norm, especially with Sutter and Anthem. Termination letters send patients into panic and amp up the stakes. But settlements happen more often than not and patients in ongoing care for certain conditions can stay with their provider for as long as a year.
ZGNX off at 2.89, see if they give some back tomorrow.
ReplyDeleteTOF- TZOO, thanks, it's showing up on my trading screen, so maybe it's wrong.
ReplyDeleteGMO- I've waited what seems like forever to add to my GMO position, which I did today @ 1.34. Basically it at BAML pt and I always expected a sharp break out of this range. I'm gussing it's a reaction to TC earnings/ratings. I wont buy any more until financing is found.
(a) Encouraging signs in Emerging Markets. Up +1.5% today.
ReplyDelete(b) Miners up +2.7%. (IMO, just another bounce on its way to new lows.)
(c) TLT up +0.7% on bullish comments by (incoming Fed chairman) Yellen. Were I to open a position, it would be to ‘sell the news,’ which is possible via TBT (an inverse leveraged ETF).
(d) AA trading around 9.
There is no such thing as a straight line when it comes to price movements. I’ll continue to bide my time.
Too funny. Right when TOF mentions ADES again they announce an new share offer.
ReplyDelete