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Miloandbono
Registered Member
Username: Miloandbono
Post Number: 495
Registered: 08-2009
| | Posted on Thursday, February 11, 2010 - 12:08 pm: | 
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just bought a little MGM at $10.96. Stop at $9.50 for now. If the market can stay up, I think it will might breakout. THIS IS A TRADE, NOT AN INVESTMENT. Risky stock. |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 486
Registered: 08-2009
| | Posted on Wednesday, February 10, 2010 - 10:13 am: |
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EURX - may be a flop. No news on the wires our their website. |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 479
Registered: 08-2009
| | Posted on Monday, February 08, 2010 - 12:56 pm: |
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EURX - buying a little EURX today. It's a stock I follow because my neighbor works there.
They have an event tomorrow - http://ir.eurand.com/releasedetail.cfm?ReleaseID=440809
The stock often pops on news. I may hold until they report early next month. Likely if it's a good pop this week, I'll sell some.
They raised money recently so I think the big risk in holding is if they try to acquire someone or something. That's just a guess, I really have no idea. |
Public_heel
Moderator
Username: Public_heel
Post Number: 10592
Registered: 12-2003
| | Posted on Friday, September 25, 2009 - 05:31 pm: |
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It's just a Monday thing for me. They either get bought or they don't.
The volume wasn't terribly heavy. I think it was just the yahoos (um, the 'retail trade") who were buying, plus some shorts and some buy stops being taken out. |
Sivleyd
Moderator
Username: Sivleyd
Post Number: 1003
Registered: 10-2003
| | Posted on Friday, September 25, 2009 - 04:54 pm: |
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I dont' see any news on this. The "runup" was only 6%. The option will steadily climb as the stock goes up. 2011 is a long time from now for a fast mover like ISRG. It doesn't play by the "rules". 44% seems like a lot for a year plus, but it has already risen over 200% since March. I hope this works out for you. I am still holding long, although I've reduced my holdings to 42 shares. |
Public_heel
Moderator
Username: Public_heel
Post Number: 10589
Registered: 12-2003
| | Posted on Friday, September 25, 2009 - 04:03 pm: |
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ISRG - big runup today on buyout rumor
I just sell short the Jan '11 $330 call for $26. If there's a takeover at under $356 (a 40% premium to yesterday's close), I make money. If there's no buyout announcement Monday, the stock drops and I make money. |
Public_heel
Moderator
Username: Public_heel
Post Number: 10424
Registered: 12-2003
| | Posted on Thursday, August 27, 2009 - 05:44 pm: |
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MTW being removed from the S&P 500 Monday night. Occasionally, these go up a little on their last day, but more often they go down a lot. The play is to short on the close tomorrow. If you don't want to risk good news over the weekend, short on the open Monday... |
Public_heel
Moderator
Username: Public_heel
Post Number: 10338
Registered: 12-2003
| | Posted on Monday, August 10, 2009 - 05:45 pm: |
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Short VARI.
They are being bought for $52 cash. The normal discount for a "sure thing" takeover is 6% annualized, which should put them about 2.5% below the takeover price, or at about $50.70
They were, in fact, stuck between $50.70 and $50.88 until today, when someone (like GS?) got hold of them and pushed them up to nearly $52.
I've seen this kind of thing happen many times before, and the price always comes back down to the 6% annualized discount... |
Cmac
Registered Member
Username: Cmac
Post Number: 542
Registered: 03-2004
| | Posted on Thursday, October 02, 2008 - 12:29 pm: |
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Doug Kass is reporting that the S&P will be buying 62.5mm shares of GE on the close in a reweighting of the index. |
Public_heel
Moderator
Username: Public_heel
Post Number: 8165
Registered: 12-2003
| | Posted on Tuesday, August 26, 2008 - 09:11 am: |
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HPQ has completed purchase of EDS, so CF should replace EDS in the SPX today, with SAI taking CF's place in the 400... |
Public_heel
Moderator
Username: Public_heel
Post Number: 8150
Registered: 12-2003
| | Posted on Sunday, August 24, 2008 - 01:01 pm: |
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S&P announced Friday that EDS would be removed from the S&P 500 "on a date to be announced", that is, when the HPQ buyout is finalized.
EDS stock is trading as though this will happen Monday or Tuesday at the latest. When the finalization is announced, S&P will then announce the removal. This should cause a jump in the stock of CF, which is being promoted from the 400 to replace EDS, and even more so in SAIC, which is being added to the 400 and is not currently in any S&P index.
Something to watch for... |
Public_heel
Moderator
Username: Public_heel
Post Number: 8120
Registered: 12-2003
| | Posted on Tuesday, August 19, 2008 - 05:39 pm: |
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BLG behaved nicely today (it was removed from the S&P 600 tonight). I made a bundle on the short, then went long a boatload on the close.
Tomorrow, TRX, DSL and DITC are being removed. I've been short DITC from around $2.25, but the other two are unshortable. I expect to go long DITC and TRX on the close (except in the unlikely case that they go up tomorrow),but I'm too scared of DSL, which has GTZ tattooed on it... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7998
Registered: 12-2003
| | Posted on Thursday, August 07, 2008 - 12:08 pm: |
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DITC has just made a preliminary announcement of an awful June quarter
http://biz.yahoo.com/bw/080806/20080806006343.html?.v=1
I expect them to be removed from the S&P 600 in the next week or so, and I've been short 9k shares from around $2.25
I also expect BLG to be removed from the 600 and LEE to be removed from the S&P 400 |
Public_heel
Moderator
Username: Public_heel
Post Number: 7756
Registered: 12-2003
| | Posted on Thursday, July 10, 2008 - 05:38 pm: |
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CSK being removed from the S&P 600 on Tuesday. I'm short 7k shares from $2.40 
Might be good for a short-term pop if bought on the close Tuesday.... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7716
Registered: 12-2003
| | Posted on Monday, July 07, 2008 - 03:25 pm: |
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A number of companies have lost so uch market cap that they are clear candidates for removal from S&P indices...
600: CSK, PLNR, DITC, TRX
400: PMI, LEE, AAI, KEM, MEG, ETM
500: MTG, DDS, FHN |
Public_heel
Moderator
Username: Public_heel
Post Number: 7694
Registered: 12-2003
| | Posted on Thursday, July 03, 2008 - 04:23 pm: |
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I shoulda stood in bed.... RDN jumps .35 on happy news, mid-day. Why the hell couldn't they have announced that pre-market like any decent company? |
Public_heel
Moderator
Username: Public_heel
Post Number: 7683
Registered: 12-2003
| | Posted on Thursday, July 03, 2008 - 09:59 am: |
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Sold rest of RDN at $.79, for a net 6% gain.Not as good as I'd hoped, given the extreme selloff yesterday... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7671
Registered: 12-2003
| | Posted on Wednesday, July 02, 2008 - 04:09 pm: |
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Got 10k shares RDN on-the-close at $.76, better than I had hoped for...
in edit: sold half at $.82, for a quick 8%
(Message edited by public_heel on July 02, 2008) |
Public_heel
Moderator
Username: Public_heel
Post Number: 7666
Registered: 12-2003
| | Posted on Wednesday, July 02, 2008 - 10:51 am: |
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RDN is being removed from the S&P 400 tonight. It has lost 98% of its value in the past year.
Market cap is $82m, 3% of last reported tangible book.
I'm thinking this might be a good long-term long for a small amount. Say a 60% chance it'll GTZ, and 40% it'll recover by multiples.
Anyway, I might buy more than a small amount on-the-close today, just hoping to take advantage of the S&P removal effect.
The biggest overnight danger is that Trichet will raise rates in Europe, but since the market is assuming he will, there might be much more upside if he does not... |
Killernut
Registered Member
Username: Killernut
Post Number: 5415
Registered: 10-2003
| | Posted on Thursday, June 19, 2008 - 02:43 pm: |
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I looked at HUN this morning and other than a quick trade it looks like a real loser to me. |
Public_heel
Moderator
Username: Public_heel
Post Number: 7537
Registered: 12-2003
| | Posted on Thursday, June 19, 2008 - 10:26 am: |
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Bought 1k shares of HUN at $12.61, as I think a rebound will occur when they counter against Hexion's attempt to back out of their purchase agreement...
in edit: stopped out at $12.70
seems like this stock should recover by $1.00 from here, but whaddoIknow....
(Message edited by public_heel on June 19, 2008) |
Killernut
Registered Member
Username: Killernut
Post Number: 5400
Registered: 10-2003
| | Posted on Tuesday, June 03, 2008 - 05:45 pm: |
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I had done a buy/write as well. Soon after the stock moved up but the calls didn't move much and I bought back my calls and held the stock. Traded in and out once since then. I sold the stock last week to raise a bit of cash. Nice profitable trade. Scalped about $19 a share total. |
Tbiytc
Registered Member
Username: Tbiytc
Post Number: 12
Registered: 07-2006
| | Posted on Tuesday, June 03, 2008 - 05:22 pm: |
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Gap it was only two contracts. I just found it bizarre and thought maybe some activity was implied by the action. The more I think about it the less I think there is anything to it. |
Sivleyd
Moderator
Username: Sivleyd
Post Number: 328
Registered: 10-2003
| | Posted on Tuesday, June 03, 2008 - 05:21 pm: |
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Tbiytc, you are right. It was stupid of him to exercise early rather than sell the option and buy the stock. Glad you are happy with your side of the deal. |
Tbiytc
Registered Member
Username: Tbiytc
Post Number: 11
Registered: 07-2006
| | Posted on Tuesday, June 03, 2008 - 05:16 pm: |
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Sivled - I did a buy/write back in November. At this point I was pretty sure I was going to sell the stock for forty this month. I was happy with the return and was really waiting for the clock to expire. I agree with you assessment. What I didn't understand is why the person who owned my short call would exercise it early when he could have simply sold the call or waited until the 20th with no downside risk if he wanted to own the stock. The more I think about it the less sense this makes. I can't think of good reason the guy would rather own the stock than the option. The upside is I get my total return over 6 months instead of 7 with no additional risk or fees. |
Gap
Registered Member
Username: Gap
Post Number: 1024
Registered: 10-2003
| | Posted on Tuesday, June 03, 2008 - 05:16 pm: |
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I don't think the option price or the unusual assignment are sufficient reason to switch sides on WCG.
If there are other negative signs, please let me know. I own the stock. |
Public_heel
Moderator
Username: Public_heel
Post Number: 7405
Registered: 12-2003
| | Posted on Tuesday, June 03, 2008 - 04:47 pm: |
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shouldn't they trade at parity?
With a potential powderkeg like WCG, I would have expected a little farther from parity... |
Gap
Registered Member
Username: Gap
Post Number: 1023
Registered: 10-2003
| | Posted on Tuesday, June 03, 2008 - 04:23 pm: |
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How many WCG covered calls were assigned? If it was a bunch, then indeed that would be weird. It's supposed to be random IIRC.
Why does the option price show a lack of optimism? This close to expiration and so far in the money, shouldn't they trade at parity? |
Sivleyd
Moderator
Username: Sivleyd
Post Number: 320
Registered: 10-2003
| | Posted on Tuesday, June 03, 2008 - 03:09 pm: |
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TBIYTC - on WCG - The June calls are still selling for $13. That is basically the conversion price. So why not sell the stock and buy the calls? There is no risk at all, but there is opportunity to make money in the next 4 weeks if the stock goes your way. Otherwise, it is breakeven.
(Message edited by sivleyd on June 03, 2008) |
Tbiytc
Registered Member
Username: Tbiytc
Post Number: 10
Registered: 07-2006
| | Posted on Tuesday, June 03, 2008 - 01:59 pm: |
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That is what I thought. I was considering coming back in on the short side via puts. I didn't know if anyone was still following it - I was basically just riding out my initial play and was totally surprised by the action and didn’t know what to think. |
Public_heel
Moderator
Username: Public_heel
Post Number: 7395
Registered: 12-2003
| | Posted on Tuesday, June 03, 2008 - 01:33 pm: |
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You own the stock and were short the call?
The price of those calls indicates a lack of optimism by the call-buyers, and it looks like the guy who assigned felt the same way... |
Tbiytc
Registered Member
Username: Tbiytc
Post Number: 9
Registered: 07-2006
| | Posted on Tuesday, June 03, 2008 - 12:47 pm: |
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Is anyone still in WCG? I just had my June 40 calls assigned with nearly 4 weeks remaining. I've never had this happen before - any thoughts? |
Sivleyd
Moderator
Username: Sivleyd
Post Number: 287
Registered: 10-2003
| | Posted on Tuesday, May 27, 2008 - 01:21 pm: |
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Ouch! |
Public_heel
Moderator
Username: Public_heel
Post Number: 7328
Registered: 12-2003
| | Posted on Tuesday, May 27, 2008 - 01:14 pm: |
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I'm getting absolutely plastered on my XRIT short today. The company came out with some apparently good news, and they have generated a nasty short squeeze.
Funny, they just happened to have some good news on the day they are being removed from the S&P 600. I suspect that, a year from now when they are in Chapter 11, this news will turn out to have been bogus, but that'll be way to late to save me.
In nine years of playing these S&P removals, I have never seen anything quite like this... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7297
Registered: 12-2003
| | Posted on Friday, May 23, 2008 - 10:08 am: |
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XRIT being removed from S&P 600 on Tuesday. I originally shorted it at $1.92, and I've shorted more at $1.27. I'll short even more on Tuesday.
BTW, this company really looks like a GTZ. Their financials are about as bad as I've seen... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7276
Registered: 12-2003
| | Posted on Wednesday, May 21, 2008 - 01:55 pm: |
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Shorted AAI, which is the lowest-cap member of the S&P 400. If they remove someone, it has to be AAI... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7254
Registered: 12-2003
| | Posted on Tuesday, May 20, 2008 - 10:45 am: |
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FWIW, I have shorted XRIT, CSK and PLNR, which are the three lowest-cap members of the S&P 600, and thus the three most likely to be removed.
I haven't done very well with this tactic over the years, but I keep trying... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7207
Registered: 12-2003
| | Posted on Thursday, May 15, 2008 - 12:34 pm: |
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I sure do wish I could short IMB, right now, at $2.09.... I'm predicting $1.90 by the close today. |
Public_heel
Moderator
Username: Public_heel
Post Number: 7193
Registered: 12-2003
| | Posted on Tuesday, May 13, 2008 - 04:11 pm: |
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So what has to happen for you to profit?
First, the deal has to be agreed to. Oops... it already did, at $36  . Now, the deal has to close over about $29, which certainly seems like a safe bet.
(Message edited by public_heel on May 13, 2008) |
Treesloth
Registered Member
Username: Treesloth
Post Number: 2058
Registered: 07-2005
| | Posted on Tuesday, May 13, 2008 - 04:02 pm: |
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Heel,
So what has to happen for you to profit? |
Public_heel
Moderator
Username: Public_heel
Post Number: 7190
Registered: 12-2003
| | Posted on Tuesday, May 13, 2008 - 02:56 pm: |
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CNBC reporting there may be a deal in the CCU dispute. The banks have been trying to back out of financing a $39 buyout, and they're being sued by the PE firms that are trying to buy the company. Faber is reporting that there will be a deal at $36.
I've sold short some $30 leap puts for $1.10...
(Message edited by public_heel on May 13, 2008) |
Public_heel
Moderator
Username: Public_heel
Post Number: 7060
Registered: 12-2003
| | Posted on Friday, April 11, 2008 - 10:31 am: |
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MESA -looks like I got lucky on the long side. It's now down 31% in the day since I sold... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7051
Registered: 12-2003
| | Posted on Thursday, April 10, 2008 - 10:05 am: |
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MESA - I couldn't resist the temptation to go long at $.87.
After all, it has dropped so far... how much farther can it drop? (clue above)
in edit: sold at $.96... 10% in 20 minutes isn't bad
(Message edited by public_heel on April 10, 2008) |
Public_heel
Moderator
Username: Public_heel
Post Number: 7045
Registered: 12-2003
| | Posted on Wednesday, April 09, 2008 - 05:27 pm: |
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MESA was removed from the S&P 600 today. I shorted 10k shares at $1.30 yesterday, and it fell all the way to $.96 today. Too bad I was out all day and had to leave btc orders at $1.15, so my day out cost me $1,900...
Normally I would go long an S&P removal on the close, but MESA really looks like a GTZ... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7028
Registered: 12-2003
| | Posted on Thursday, April 03, 2008 - 03:48 pm: |
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CSAR - sold long position at $1.30, for about 5%
COA - sold long position at $3.00, for about 2%
Fortunately, CC has come back down some... now only 8% above where I sold it  |
Slip_60
Registered Member
Username: Slip_60
Post Number: 754
Registered: 10-2003
| | Posted on Tuesday, April 01, 2008 - 02:19 pm: |
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PH - CC still climbing..... I think this is one of the electronic giants I least like to shop in. Congrats on your profitable play, even if left some on the table. Nothing wrong with selling (or buying to cover) for a profit. |
Public_heel
Moderator
Username: Public_heel
Post Number: 7021
Registered: 12-2003
| | Posted on Tuesday, April 01, 2008 - 10:24 am: |
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CC - out of long position at $4.08, for about 3%.
I have no more interest in this stock, unless there's a takeover or a b/k...
*** in edit... now it's $4.20, so I left about $1k on the table...
(Message edited by public_heel on April 01, 2008) |
Public_heel
Moderator
Username: Public_heel
Post Number: 7020
Registered: 12-2003
| | Posted on Monday, March 31, 2008 - 05:12 pm: |
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S&P removals
COA dropped pretty nicely, but then came back toward the end of the day, and the specialist even closed it up quite a bit, which is unusual. Fortunately, I had covered my short position much lower, although I'm not happy with having to go long at $2.98...
CSAR also dropped and came back. I covered the short around $1.25, then went long a boatload at $1.24 ten seconds before the close. The official closing price of $1.35 doesn't make a lot of sense, but I'll take it... |
Public_heel
Moderator
Username: Public_heel
Post Number: 7005
Registered: 12-2003
| | Posted on Friday, March 28, 2008 - 04:06 pm: |
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CC - OK, so the specialist moved it back up to $4.00, so he could drop it .06 for his official close. The big transaction on the close was 8.6m shares (no, not me, unfortunately). I sure would like to know the buyer and the seller on that one. Maybe Vanguard selling?
Anyway, a $3k+ profit on the short side of this one. Beats working... (and I went long 10k shares)
(Message edited by public_heel on March 28, 2008) |
Public_heel
Moderator
Username: Public_heel
Post Number: 7004
Registered: 12-2003
| | Posted on Friday, March 28, 2008 - 02:52 pm: |
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Slip - Well, I would always cover. In fact, since my data shows S&P 500 removals don't drop as much on the last day as do 400 and 600 removals, I think I will cover half now and the rest on the close.
I'll probably go long 15k on the close, too.
And I'm shorting COA (600 removal on Monday) on the close, and shorting CSAR (same) into the close... |
Slip_60
Registered Member
Username: Slip_60
Post Number: 753
Registered: 10-2003
| | Posted on Friday, March 28, 2008 - 12:49 pm: |
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PH - CC looking good so far... do you still plan to cover and go long? |
Public_heel
Moderator
Username: Public_heel
Post Number: 6999
Registered: 12-2003
| | Posted on Thursday, March 27, 2008 - 10:08 am: |
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CC - I will go short 10k shares of my boxed position on the close tonight, and the other 6k shares on the open (or shortly thereafter) tomorrow morning. If price drops below $4 (it should), I'll go long on the close tomorrow night.
COA - I'll add to my short position on the close tomorrow night... |
Public_heel
Moderator
Username: Public_heel
Post Number: 6996
Registered: 12-2003
| | Posted on Wednesday, March 26, 2008 - 10:21 am: |
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MGI is now up 60% from the close on the day it was removed from the S&P 600 (last Tuesday)... |
Public_heel
Moderator
Username: Public_heel
Post Number: 6995
Registered: 12-2003
| | Posted on Wednesday, March 26, 2008 - 10:16 am: |
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CC - I'm setting up a 10k-share boxed position. Looking to sell the long side tomorrow on the close, to play the removal from the S&P 500 on Friday night... |
Afterburner
Registered Member
Username: Afterburner
Post Number: 743
Registered: 11-2003
| | Posted on Monday, March 24, 2008 - 12:51 pm: |
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Nice call on BSC, heel. I wish I hadn't been too distracted / busy to jump on it. Hopefully next time I will. I'm looking at those S&P drops. |
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 4814
Registered: 10-2003
| | Posted on Thursday, March 20, 2008 - 06:53 pm: |
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Looking at the NYSE holiday calendar for '09 has got me thinking. For years, I've been troubled by people calling Independence Day The 4th of July. I have a nagging suspicion that many of the people who do this don't even know that "the 4th of July" is Independence Day. Lot of 'em seem to think it's just Firecracker Day or Make More Noise Than Usual Day.
Well, bit of a problem in 'O9, it appears. Seems we'll be observing the 4th of July on the 3rd of July next year.
Congress doesn't seem to get much worthwhile stuff done these days, but they sure are good at tinkering with holidays and daylight saving time.
(Message edited by tychobrahe on March 20, 2008) |
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 4813
Registered: 10-2003
| | Posted on Thursday, March 20, 2008 - 06:36 pm: |
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Why does the market close on Good Friday anyway? Does it close on any other religious holy days that are not legal holidays?
Why doesn't it close on Holy Thursday? Then it could be a four-day weekend.
(Message edited by tychobrahe on March 20, 2008) |
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 4812
Registered: 10-2003
| | Posted on Thursday, March 20, 2008 - 06:32 pm: |
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Friday?
Sorry, I see you meant next Friday.
(Message edited by tychobrahe on March 20, 2008) |
Public_heel
Moderator
Username: Public_heel
Post Number: 6985
Registered: 12-2003
| | Posted on Thursday, March 20, 2008 - 05:36 pm: |
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S&P changes...
CC out of the 500 next Friday. I'm inclined to short it, but may wait until the last day (although the average next-day-open to removal is -5%). If it drops below $4, as it should, I'll be happy to go long on the close Friday.
CSAR is being removed from the 600 on the 31st. I'm already short 7000, so I'll probably leave it alone, then go long on the close of the 31st, assuming the stock has dropped somewhat.
COA is being removed from the 600 on the 31st. I'm already short 6000, and will short more on the last day. I'll only go long this one if it drops a lot...} |
Public_heel
Moderator
Username: Public_heel
Post Number: 6969
Registered: 12-2003
| | Posted on Tuesday, March 18, 2008 - 04:04 pm: |
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MGI - covered the other 10k shares at $1.60
One small point of light in an absolutely horrific day... |
Public_heel
Moderator
Username: Public_heel
Post Number: 6965
Registered: 12-2003
| | Posted on Tuesday, March 18, 2008 - 12:15 pm: |
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CSAR and COA - adding to shorts. They are the two lowest-cap stocks in the S&P 600, and thus ripe for removal. I don't know about CSAR, but it's hard to see much good about COA's business right now, anyway... |
Public_heel
Moderator
Username: Public_heel
Post Number: 6964
Registered: 12-2003
| | Posted on Tuesday, March 18, 2008 - 12:12 pm: |
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BSC - shorted 2000 at $8.10
This one is a little scary. If someone other than JPM buys them, they can now go to the discount window and maybe end up with a company worth quite a bit more than $30...
oops.. btc order just hit at $7.25, so I don't have to worry about it any more  |
Public_heel
Moderator
Username: Public_heel
Post Number: 6963
Registered: 12-2003
| | Posted on Tuesday, March 18, 2008 - 11:43 am: |
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MGI - shorted another 5k at $1.94, and covered half at $1.66. If it drops below $1.50, I'll be strongly tempted to go long on the close... |
Public_heel
Moderator
Username: Public_heel
Post Number: 6961
Registered: 12-2003
| | Posted on Monday, March 17, 2008 - 05:24 pm: |
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MGI will be removed from the S&P 400 tomorrow night. I am already short 7k shares from $2.50, and will short more tomorrow if the price doesn't drop too much.
Normally, I would go long one of these on the close, but I'm not sure about MGI. It could be heading toward b/k rather quickly... |
Public_heel
Moderator
Username: Public_heel
Post Number: 6960
Registered: 12-2003
| | Posted on Monday, March 17, 2008 - 09:40 am: |
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Shorted BSC pre-market at $3.03, realized how dumb that was, and covered at $3.00... after commissions a nifty profit of $40. Off to McDonalds for my 8 #5's. |
Sivleyd
Moderator
Username: Sivleyd
Post Number: 228
Registered: 10-2003
| | Posted on Tuesday, March 11, 2008 - 08:36 pm: |
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PH, throwing darts would be dummer! Congrats on begin at the right place and right time.
:-) |
Cmac
Registered Member
Username: Cmac
Post Number: 411
Registered: 03-2004
| | Posted on Tuesday, March 11, 2008 - 07:42 pm: |
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Hah,
That wasn't stupid - it was "lucky" |
Killernut
Registered Member
Username: Killernut
Post Number: 5268
Registered: 10-2003
| | Posted on Tuesday, March 11, 2008 - 07:29 pm: |
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BTW, I suggest you donate your ill gotten $3400 to my favorite charity.
Shoot me an email and I will provide you with it's my address.
(Message edited by KillerNut on March 11, 2008) |
Killernut
Registered Member
Username: Killernut
Post Number: 5267
Registered: 10-2003
| | Posted on Tuesday, March 11, 2008 - 07:26 pm: |
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Nice.
I am glad I stuck my toe in a few days ago.
Unfortunately still hold my WCG and my ALTI. Both have a horrible couple of weeks. |
Public_heel
Moderator
Username: Public_heel
Post Number: 6936
Registered: 12-2003
| | Posted on Tuesday, March 11, 2008 - 04:10 pm: |
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Sometimes it pays to be stupid...
Yesterday, after hours, thinking that the Market looked like it was rolling over, I decided to add to my short hedges. I usually use double-inverse ETF's for this, and I decided on 300 shares of SDS and 100 of SKF.
Thing is, I was thinking "sell short", but forgot to consider that I was using inverse funds, so, by selling short. I actually went long.
So what would have been a $3400 additional loss today turned into a $3400 gain... 
I'm thinking that the lesson here is that I need to get even dumber. Any suggestions for a relatively painless way to do that?
...and please don't tell me that I'm already dumb enough.
(Message edited by public_heel on March 11, 2008) |
Public_heel
Moderator
Username: Public_heel
Post Number: 6895
Registered: 12-2003
| | Posted on Wednesday, March 05, 2008 - 12:32 pm: |
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CSAR has dropped to a market cap of $50m, which is easily the lowest in the S&P 600, and makes them the prime candidate for removal.
I'm short 4k shares from $1.89
Trouble is, S&P has a history of not removing low-cap stocks in anything resembling a timely manner. But I keep hoping...
I'm holding onto my COA short, although it is no longer first up for removal. |
Public_heel
Moderator
Username: Public_heel
Post Number: 6885
Registered: 12-2003
| | Posted on Tuesday, March 04, 2008 - 09:18 am: |
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Amalgamated Gadget???
http://biz.yahoo.com/ap/080304/fremont_general_shareholder.html?.v=1
I'm still not sure that isn't a hoax. Anyway, I'm sure glad I dumped my FMT in the after-market yesterday. I'm not sure if I could return those Baby Ruth's to NDN and, besides, not many are left... |
Slip_60
Registered Member
Username: Slip_60
Post Number: 751
Registered: 10-2003
| | Posted on Monday, March 03, 2008 - 07:58 pm: |
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PH - Thanks for the reply, I am always interested. |
Public_heel
Moderator
Username: Public_heel
Post Number: 6884
Registered: 12-2003
| | Posted on Monday, March 03, 2008 - 05:11 pm: |
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Heel - Not bad getting in at the lowest point of the day.
Well, that's what it closed at. In S&P removals, it is not unusual for the specialist to drop the price significantly at the close, probably because he has an overload of sell-on-close orders. In this case, I think he dropped it from .68 all the way down to .58...
The more Baby Ruths you can get, the better.
Yes, without them, I'd just waste away.
Keep up your great work. I wish I could be as organized and attentive as you with this. You must have the plenty of the most complicated spreadsheets that you designed to keep track of your moves. True?
More or less. Not spreadsheets, per se, but databases that I write programs to update and query.
BTW, I deliberately did not mention this play earlier because I didn't want to tempt anyone to follow me. FMT is one piece of bad news away from b/k. That's why I sold so soon after the close, even though I wouldn't be surprised to see this back over $.85 tomorrow... |
Slip_60
Registered Member
Username: Slip_60
Post Number: 750
Registered: 10-2003
| | Posted on Monday, March 03, 2008 - 05:04 pm: |
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Heel - Not bad getting in at the lowest point of the day. The more Baby Ruths you can get, the better.
Keep up your great work. I wish I could be as organized and attentive as you with this. You must have the plenty of the most complicated spreadsheets that you designed to keep track of your moves. True? |
Public_heel
Moderator
Username: Public_heel
Post Number: 6883
Registered: 12-2003
| | Posted on Monday, March 03, 2008 - 04:46 pm: |
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Sold FMT at $0.66 for a quick 13%. Now off to the local NDN to spend my loot on 800 10-packs of mini Baby Ruths... |
Public_heel
Moderator
Username: Public_heel
Post Number: 6882
Registered: 12-2003
| | Posted on Monday, March 03, 2008 - 04:01 pm: |
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Buying FMT on the close today... they are getting removed from the S&P 600 tonight, they've been downgraded by the ratings agencies, they're in a horrible business,and they're down 85% in the last several days...
in edit.. bought at $0.58 |
Slip_60
Registered Member
Username: Slip_60
Post Number: 749
Registered: 10-2003
| | Posted on Wednesday, February 27, 2008 - 09:00 pm: |
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Coachmen - who is buying large travel trailers with gas prices where they are? The only one who can afford to use one is John Madden.
Oh, but they also are involved in the robust construction industry.
(Message edited by slip_60 on February 27, 2008) |
Public_heel
Moderator
Username: Public_heel
Post Number: 6852
Registered: 12-2003
| | Posted on Wednesday, February 27, 2008 - 03:17 pm: |
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Shorting COA... it's losing buckets of money, in a crummy industry, and it's the lowest-cap stock in the S&P 600, which makes it vulnerable to removal |
Public_heel
Moderator
Username: Public_heel
Post Number: 6851
Registered: 12-2003
| | Posted on Wednesday, February 27, 2008 - 02:15 pm: |
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HH - Dumped the other half at $0.70, for 25%.
This stock could easily go back to $1.00, but it's a sick company, and I don't feel like holding such a large position... |
Slip_60
Registered Member
Username: Slip_60
Post Number: 748
Registered: 10-2003
| | Posted on Tuesday, February 26, 2008 - 07:56 pm: |
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Great job on HH. Good luck with the rest! |
Public_heel
Moderator
Username: Public_heel
Post Number: 6836
Registered: 12-2003
| | Posted on Tuesday, February 26, 2008 - 02:21 pm: |
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HH - Sold half of long position at $.65 for a quick 16%... |
Public_heel
Moderator
Username: Public_heel
Post Number: 6834
Registered: 12-2003
| | Posted on Monday, February 25, 2008 - 04:04 pm: |
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HH - Covered short at $0.60 (down 44% in two weeks ), then went long on the close at $0.56 |
Public_heel
Moderator
Username: Public_heel
Post Number: 6826
Registered: 12-2003
| | Posted on Monday, February 25, 2008 - 11:48 am: |
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HH being removed from the S&P 600 tonight. I have been short from $1.04, and will cover on the close. If it trades at maybe $0.70 or lower, I'll also go short-term long... |
