Tuesday, October 12, 2010

JUST MORE FUN N GAMES UPDATE

Relax and enjoy the game. Other than Analyze's EXAR that Joe and I have been talking about. I don't see much happening today. Get a position and hope they drive it to 5 for another buy... I like this long term. DCTH has been a nice hold. DTO is being held here. Hope they push oil over 85 but........ If the market stays up going into election then nice sell off will come. Right now all the news on MERS is noise.... It is an absolute disaster but its only noise for the market. The short and intermediate issue with the market is QE. If they wish to push it higher and they do.....then its only a matter of what path they choose. Look for any pull backs to pick up miners ANV EGO GFI SLW SSRI. HL is ok as a hold here.

Watch DCTH EXAR for weakness to accumulate heavy. Then you will have shares to trade. This is a smelly pile of chit we are in, but you have to take a step into it. They are raping you. Best bet is to buy silver gold bullion or good farmland.

UPDATE:

This is BIG news for drillers like ATPG, talk about short squeeze, thanks Joe:

http://finance.yahoo.com/news/Administration-lifts-6month-apf-3510523978.html?x=0


http://seekingalpha.com/article/229515-atp-oil-gas-good-times-are-just-beginning?source=yahoo

24 comments:

  1. Posted this early this morning in the last thread...

    EXAR - You guys pushed it out of reach!!! hahaha - will pick some up in the morning..

    Missed DCTH, never saw the rec and too rich for me at this point, must feed off bottom.

    Still trying to catch up o my reading but looks like I never will, issues at work will keep me busy all day.

    Market still scares me though looks like the one account of my better half I was managing is going to go half to a variable annuity as protection. The rest will be fully invested, could never get her fully extricated. Oh well, mine is in good shape but I can't pick individual stocks and short term trading restrictions are a pain.

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  2. Good article on EXAR:

    http://finance.yahoo.com/news/Lead-the-Way-tsmp-1570716748.html?x=0&.v=1

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  3. Homer,

    Read the article I just posted above and make sure you leave enough room to average down in the case of drop. Soros is a buy and holder for longer term and does not care if EXAR drops $2 from current price. The worst case scenario for EXAR is 4.30 a share.

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  4. Don't count on EXAR dropping more than to 5.50 area....also this is a buy and hold position for me...I'll follow a 14% Soros position with this.....so gl

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  5. ANV was my last SOROS buy and I didn't hold ....traded it several times and missed the really big last run.....foch that

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  6. The reason EXAR is a buy and hold is due to the fact that although soros owns about 800 stocks, very few of them are more than 5%, in the case of EXAR, he owns 14% and that's HUGE. Last time he owned a real big chunk was in ANV. Do not mess with soros.

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  7. Analyze,

    EXAR is a good one you brought up!

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  8. DCTH made a nice bounce from 8.20 today,heheeee!

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  9. Joe DCTH made a good run today. I sold yesterday and bought again this morning and sold it again. Want to thank you for the info on this stock and I am still holding 2000 shares
    which is a lot for me. Do you still think it will go to the mid teens?

    What is your thouhts on EXAR? According to your post, Is it a long term stock? Do you think you should add to your position at 6.43 or wait for a small pull back?

    Thanks, Woodcarver

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  10. woodcarver,

    DCTH will go to mid teens if NDA which is filing for FDA is released this quarter. The way to play DCTH is have a core and then play the fluctuations with your playing money. EXAR is a long term stock and by that I mean hold till mid 2011. Depending on how many shares you have, if EXAR gets to 7.50/8 this yr then take some profit.

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  11. EXAR is a good add to current shares if price drops below 6. Float is very low and that creates real moves.

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  12. Article on ATPG:

    http://seekingalpha.com/article/229515-atp-oil-gas-good-times-are-just-beginning?source=yahoo

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  13. This is BIG news for oil drillers including ATPG, heheee!

    http://finance.yahoo.com/news/Administration-lifts-6month-apf-3510523978.html?x=0

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  14. Joe I think there is some more upside to PAL around 5.20 to 5.50 any thoughts. Thanks Woodcarver

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  15. fwiw, i held my small position in dcth, and am holding pal to around your target, wood...we'll see what happens in the next 3 wks. going into election. Honestly, as long as the dollar is going down, this upward move should continue. Also sgg has been a monster and my dag has done well lately, the magic of dollar destruction working on the ags. APL up 3% today, too. GLTA.

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  16. woodcarver,

    PAL can very well get to those numbers, just make sure take some profit at current level if you got in around 3.

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  17. Jim,

    I forgot to ask whether you and kenny own any ATPG or not?

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  18. Joe Thanks for the help from both you and Kli. I enjoy all the comments. Thanks Woodcarver

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  19. Joe I have a small amount of ATPG, Kenny does not, But both of (I) us will buy some more in the morning if its not to late to enter.

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  20. Yep, like what I see in EXAR so far, I put on a decent size position on Monday which is plenty green now. Long term hold and augment as it plays out. The dips continue to be bought, at least for now. I also hit RIG in the final hour ITM Nov calls, and will look for continuation up in that, that could have legs for awhile, swung by the site around that time and saw your heads-up post Joe on the moratorium to kick that play off, swing trade as long as the momentum continues. Also have an OTM call position on FAS front month I put on around the same time as hitting RIG, expecting a moonshot on JPM earnings, I had a pretty good win on FAS on its reversal up for OCT 23 calls earlier today to fund the lottery ticket, I sold that and bumped the profit up to OTM. I seldom play earnings like that, but may as well this time to fulfill the spirit of the casino. There has been too much propaganda pushing the other side of that trade, so I'm gaming the talking heads on this one. We shall see.

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  21. Analyze,

    Take a look at ATPG and the seeking alpha article I posted today, I would not be surprised at all if ATPG reaches and surpass the high of 23.99. When it hit $8 earlier this yr due to BP crap in gulf and savage shorting which took it down , I mentioned to kli to buy and hold rather than try and trade it. With the QE and also Obama lifting the ban on gulf drilling, this puppy has lot more legs left even if it retraces short term.

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  22. Joe, ATPG, I like it, I will be targeting some scale-in points on that one as well.

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