February Trading Thread - Page 9 - Business, Finances and Investing Forum

I think anything below book value ($3.40ish) is a good entry point. It's still trading at a severe discount to book, which is pretty hilarious.

The only reason I'm not piling on more is because it's already over 1/3rd of my portfolio.

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02-17-2012 , 06:56 PM

#203

tastychicken

old hand

Join Date: Sep 2008 Posts: 1,775

well... if things don't go well for GILD next month there will probably be a huge impairment to goodwill coming (at someone who asked earlier when I used GILD as an example).

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02-18-2012 , 12:38 AM

#204

zmyworldz

journeyman

Join Date: Sep 2009 Posts: 328

Quote:

Originally Posted by Mori****a System

I got in at $2.xx, the point is that the buzz with RO can easily take this stock higher combined with the stock being lower than the intrinsic value.

I will sell probably 3 months after the final RO comes out since the mmorpg don't look too fantastic. It really looks like a generic RPG but I may be wrong.

If they plan to be in facebook I might go LONG.

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02-19-2012 , 07:58 PM

#205

highpsiguy

banned

Join Date: Sep 2007 Posts: 854

How far will the pending war in Iran push oil prices, everything is melting higher this hour, crazy, so obvious the war would be bullish for commodities like I said in here time and time again only to be met with negativity by the regs here.

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02-19-2012 , 10:37 PM

#206

zmyworldz

journeyman

Join Date: Sep 2009 Posts: 328

Stocks to watch this week for me would be CEVA, IAC.

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02-20-2012 , 06:55 AM

#207

Brons

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 6,565

I see that the DRYS bandwagon is starting once again. I won't go into the details again because I have written about DRYS several times over the years. Just realize the shareholders are there to make the CEO rich(er).

It's an extremely sketchy company and I would never touch it.

Besides, I'm pretty sure that a Greek default or whatever will have a negligible negative effect on the business compared to the other non-Greek drybulkers. These ships go wherever they're needed. The fact that the businesses are all registered in Greece makes no difference.

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02-20-2012 , 08:08 AM

#208

zmyworldz

journeyman

Join Date: Sep 2009 Posts: 328

Quote:

Originally Posted by Brons

i'm selling all drys once this bandwagon is coming to a stop.

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02-20-2012 , 08:30 AM

#209

Brons

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 6,565

It's actually pretty awesome. at the top in 2007 the company had a market cap of about $4.5 billion. In the meantime it issued about $2 billion worth of stock and now the market cap is $1.5 billion.

I don't even want to know how much of that went straight into the CEO's pocket.

I don't know if it's illegal what he's doing but I would call it a scam, even if it's legal.

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02-20-2012 , 01:20 PM

#210

Boris

Carpal \'Tunnel

Join Date: Sep 2002 Posts: 10,070

Quote:

Originally Posted by Brons

It's actually pretty awesome. at the top in 2007 the company had a market cap of about $4.5 billion. In the meantime it issued about $2 billion worth of stock and now the market cap is $1.5 billion.

[ ] is convincing or relevant evidence that the management is corrupt.

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02-20-2012 , 02:35 PM

#211

mugatu668

veteran

Join Date: Mar 2007 Posts: 2,459

well ok, how about the time that he sold the company his own ships, but canceled the order and charged his own company a $300 mill cancellation fee for getting....NOTHING. lol

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02-20-2012 , 04:54 PM

#212

Brons

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 6,565

Quote:

Originally Posted by Boris

[ ] is convincing or relevant evidence that the management is corrupt.

Yeah, I have been over this many times before over the years. The fascination for DRYS comes back every now and then for some unknown reason.

mugatu668 gives very good evidence which has been covered before in BFI.

How about the fact the CEO has a controlling interest without having the economical interest?

And if you look into it you will probably find that they pay huge chunks of money to management companies that operate the ships. Wanna bet who owns the management companies?

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02-20-2012 , 05:26 PM

#213

Boris

Carpal \'Tunnel

Join Date: Sep 2002 Posts: 10,070

Quote:

Originally Posted by Brons

I don't care about DRYS. I'm not going to invest in DRYS. Yes probably the management is corrupt. But the evidence you pointed to in your original post was totally irrelevant.

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02-20-2012 , 05:36 PM

#214

Brons

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 6,565

Yeah, because we had been over DRYS approximately a billion times and I assumed that it was common knowledge by now.

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02-20-2012 , 08:00 PM

#215

tastychicken

old hand

Join Date: Sep 2008 Posts: 1,775

I'd have to strongly agree with Boris on this one.

Management may be corrupt, but not for the reason you stated in that post.

Companies buyback/issue shares all the time. I don't think management had a crystal ball to see the stock market going down as much as it did in 2008.

As a shareholder looking back I'd probably be happy that they were able to issue shares at that time if that was the only information I had on the company.

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02-21-2012 , 05:27 AM

#216

Brons

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 6,565

It's not like they stopped issuing shares after the 95% crash. Quite the opposite. And it's not like the CEO stopped stuffing his own pockets.

But honestly, if you want to give this guy your money I'm all for it. It doesn't affect me.

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02-21-2012 , 08:40 AM

#217

highpsiguy

banned

Join Date: Sep 2007 Posts: 854

Everything melted up all day and night sunday / monday, now its time for the big boys 9see cockroaches) to take this thing loooower.

My guess everything opens gap down we crash and rebound into positive territory like nothing happened. In the end nothing will happen except some people will be shaken out of their positions and GS can add yet another winning day to their schedules.

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02-21-2012 , 01:41 PM

#218

savant111

veteran

Join Date: Nov 2008 Posts: 3,101

Planning to sit mostly in cash this week. All the leading stocks I follow are down except AAPL and PII. Right now the plan is to wait for a pullback or a correction. I expect this to happen late this week or early next.

My only position remains DECK. Day of reckoning finally comes Thursday at the close when they report. Still expecting a positive surprise.

INTC and CELG are the two stocks I'll be watching closest for possible entries next week.

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02-21-2012 , 01:43 PM

#219

savant111

veteran

Join Date: Nov 2008 Posts: 3,101

DLTR earnings call on Wednesday is the other thing I'll be monitoring.

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02-21-2012 , 06:06 PM

#220

Somnius

grinder

Join Date: Oct 2007 Posts: 556

What do the GRVY guys think about the days second-half dip?

No expert, just starting out, but likely climbing back up well tomorrow and moving forward?

Sold ZNGA, JCI and MSFT - bought TQNT and more HAL today

Gonna continue watching ZNGA as FB IPO approaches. Also, YELP IPO March 1/2, anyone playing?

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02-21-2012 , 06:20 PM

#221

Morishita System

old hand

Join Date: Jan 2011 Posts: 1,391

Quote:

Originally Posted by Somnius

I think the GRVY dip is just massive profit taking from day traders. In the after hours, it recovered all of its losses.

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02-21-2012 , 06:30 PM

#222

Somnius

grinder

Join Date: Oct 2007 Posts: 556

Okay that's what I thought. It's starting to seem like most day trading influences are done by 1pm or so? Just a small pattern forming from what I've been looking at but very small sample.

Looks like Beta has already begun for RO2. Wish the site wasn't in Korean so I could understand what was going on:

http://ro2.gnjoy.com/intro.asp - google translation failed

So tomorrow seems reasonable for another early rally, do you consider selling in the afternooon if there is? Should be another rise/dip tomorrow with this volatility and hype me thinks :S

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02-21-2012 , 06:58 PM

#223

Morishita System

old hand

Join Date: Jan 2011 Posts: 1,391

Quote:

Originally Posted by Somnius

So tomorrow seems reasonable for another early rally, do you consider selling in the afternooon if there is? Should be another rise/dip tomorrow with this volatility and hype me thinks :S

I'm long so I'm not selling for quite some time.

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02-21-2012 , 07:47 PM

#224

zmyworldz

journeyman

Join Date: Sep 2009 Posts: 328

Quote:

Originally Posted by Mori****a System

I'm long so I'm not selling for quite some time.

I'm still up but lost a big chunk of my profits yesterday. The valuation of GRVY is 3.40 without considering the Launch of RO. I don't think I'll even sell until it reaches 5+ after the hype.

RO2 just don't seem impressive. The hype of RO2 was fantastic in closed beta but the members slowly died out after a few months.

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02-21-2012 , 08:51 PM

#225

tastychicken

old hand

Join Date: Sep 2008 Posts: 1,775

Quote:

Originally Posted by Brons

I don't think you get it. The other poster and I made a comment based ONLY on the information you gave in that post since that was your logic for why "management is crooked" or w/e.

If you think the management is crooked for other reasons you are probably right (and I don't doubt it). However, your logic in the previous post in my view, very flawed. Using that logic you can probably say NFLX and MCP have crooked management (and probably a few hundred other names).

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