By Ben on Wednesday, July 30, 2003 - 10:54 am: Edit |
I don't understand what POS he is talking about???
The POS on the NYSE is trading at close to $17 and has never trded at .32!!!
By Ben on Wednesday, July 30, 2003 - 11:08 am: Edit |
Holy Batshit Kendricks,
MWY has been down graded and forecast is not good.
MWY hit a new low today and I wouldn't buy this stock with Ldvee's money.
Ldvee, don't cash that insurance check.
Kendricks, I think this is your first big loser since you started playing this new strategy?
By Kendricks on Wednesday, July 30, 2003 - 11:09 am: Edit |
I think he is referring to a generic POS, as in "Piece Of Shit". I guess the people who determined the ticker symbol for the company "POS" weren't aware of this acronym.
I just checked, and found that there are not any companies using the symbols "ASS", "SHIT" or "CUNT". That would have been even more amusing.
By Ben on Wednesday, July 30, 2003 - 11:20 am: Edit |
Forget about POS. What are you going to do about MWY?
By Kendricks on Wednesday, July 30, 2003 - 11:22 am: Edit |
Ben, this is my first big hit playing this strategy.
I am not throwing in the towel on MWY, though. I had 1500 shares at 3.27, and bout 500 more today at 2.38. My average cost is now 3.05.
It looks as if the new CEO is throwing out all the bad news he can right now, and including huge writedowns in the earnings release, in order to start fresh, and get all the bad behind them.
As Machiavelli said, "Release the good news slowly, and the bad news all at once". (Just a paraphrase, I don't have time to look up his exact words.)
In any event, it may take time, but I still expect to make money on this trade in the long run. So long as the debt and cash position remain good, I don't think bankruptcy is in the cards for MWY.
By Ben on Wednesday, July 30, 2003 - 12:03 pm: Edit |
Good Luck.
I have to go find a street girl.
By Kendricks on Wednesday, July 30, 2003 - 08:52 pm: Edit |
People are SURE touchy on the SURE board. I just suggested that people trade in their SURE shares for FONR, and it started a big shitstorm, LOL!
By Ldvee on Thursday, July 31, 2003 - 05:30 am: Edit |
SURE is a classic story stock. Last fall when they successfully made the big step of getting many supermarket chains to carry the product many people including myself bought into the story. But 6 months later when they would be hiring people if the product was a success they layed people off. I concluded the product wasn't selling and bailed (in at 4.34, out at 2.70).
Those yahoos that are still hanging on still believe the story but seem to be ignoring the crucial fact that the consumer isn't buying.
I found the story appealing because of my physics degrees (nuclear specialty) and work in the nuclear physics industry (weapons, got bombs?) a while back dealing precisely with the process SURE is using, ionizing radiation. The process works, it's useful, and SURE invented a patentable twist.
Maybe in the future, but SURE is close to going broke.
Of course I regret the $17K I lost but I knew I was buying a story. They had come so far with Gov approvals, the building of facilities, and product rollout, that the thought that the final step would fail never occurred to me. That's a big DUH.
By Ldvee on Thursday, July 31, 2003 - 05:53 am: Edit |
"Ldvee, don't cash that insurance check."
Oh I'm going to cash it, it's in the mail. And I'm going to invest it - in my sanity. I'm going to spend it all on having fun.
By Kendricks on Thursday, July 31, 2003 - 09:20 am: Edit |
Ldvee, that is probably the best bet there is. As long as you live and have normal brain functioning, no one can take away your memories of good times.
If you have advance degrees in nuclear physics, you are either 1) far smarter than me, or 2) far more studious than I am. I got nearly a 1400 on my SAT and practically aced the ASVAB, but there is something about an class more technical than programming C++, or more advanced than discrete math, that makes my eyes gloss over...
I'm pretty much hunkered down in what may turn out to be long term positions right now, all of which I think are worth staying in for at least the short term. Catching the ENWVs right before they double is luck, in huge part, and certainly very hard to do consistently. Plus, there are so many variables and unknowns, the best you can do is increase your odds of success by research and sound theory. There are certainly no guarantees.
Personally, I think I have been spending too much time on this, and too little on my true passion, writing. I've always dreamed of making enough cash to buy me leisure time, so I could replace the time spend grinding out a living pursuing what is truly important to me.
I am re-evaluating, and think I should spend more time doing what means something to me, instead of spending all my time trying to make a buck.
I will still trade, of course, I just need to do it more casually, and with greater patience and restraint.
By Ben on Thursday, July 31, 2003 - 10:52 am: Edit |
It is amazing hot smart I get when the market is going up. I am up on everything except TYCO, which I bought last week at almost there 52 week high. Bought 1,000 shares of TYCO at $20.03.
I have many stocks up over 30% this year.
Picking the right stocks is maybe 25%-35% of the battle and market sentiment is the biggest part of the battle.
By Ben on Thursday, July 31, 2003 - 01:27 pm: Edit |
I just bought some RubberMaid NWL at $23.55. It really got hammered today based on its second quarter earnings.
I am hoping for a bounce tommorow and will either sell the stock or sell some in the money calls if it moves up.
By Kendricks on Thursday, July 31, 2003 - 05:31 pm: Edit |
CRNT has been kicking ass lately!
By Ldvee on Thursday, July 31, 2003 - 07:43 pm: Edit |
I just really enjoy physics and am particularly interested in experimental nuclear physics and the machinery involved - accelerators, reactors, bombs. The Manhattan Project was incredible, as were the experiments that lead to it. I still read science history books about physics in the first half of the last century. Not much has really happened in the field since then.
Curie, Bohr, Einstein, Lorentz, Fermi, Szilard, Teller, Oppenheimer - amazing people.
You don't need a high IQ to understand something complicated that truly interests you.
Books about investing make my eyes gloss over as do the reports from my brokerage. I love money but I don't like thinking about it.
By Ben on Thursday, July 31, 2003 - 08:52 pm: Edit |
Ldvee,
I would bet I know some old guys from Gulf Atomic that use to work for GE and Bectel that you would probably know.
By Ben on Thursday, July 31, 2003 - 09:26 pm: Edit |
Maybe it is time to buy back into FONR as it closed today at what I sold it for on July 25????
By Kendricks on Thursday, July 31, 2003 - 09:50 pm: Edit |
"You don't need a high IQ to understand something complicated that truly interests you."
Excellent point, Ldvee. I am totally fascinated by game theory and speculation, which is why I love stock trading and poker. All I really want is to find a way to beat the system. Is that so bad? Neutrons and protons make my brain sleepy, though...
Ben, I would buy back into FONR if I were you. In fact, I added to my position today.
By Ldvee on Friday, August 01, 2003 - 08:09 am: Edit |
Here's one guys.
I really like this chart.
http://finance.yahoo.com/q?s=SANM&d=c&k=c1&a=v&p=s&t=6m&l=on&z=m&q=l
By Ben on Friday, August 01, 2003 - 08:40 am: Edit |
It looks like SANM has really turned around. Also there sector of the economy is seeing growth for the first time in a few years.
By Kendricks on Friday, August 01, 2003 - 08:56 am: Edit |
SANM looks good. If I wasn't already fully invested, I would probably buy it. It is definitely going on my watch list.
Today is a boring day so far for all of my stocks. Patience, patience, patience...
By Ben on Friday, August 01, 2003 - 04:53 pm: Edit |
T_Bone wins the Dow pick of the week.
Hey T_Bone you pick first this week instead of last.
I dare you.
By T_bone on Saturday, August 02, 2003 - 02:18 pm: Edit |
Dow 9234
I was only five points off - almost Kendricks-like.
Two days early
By Ben on Saturday, August 02, 2003 - 06:05 pm: Edit |
Ben picks 9150
By Kendricks on Saturday, August 02, 2003 - 11:29 pm: Edit |
Good show T-Bone. I take 9299.
By Clifton on Monday, August 04, 2003 - 02:12 am: Edit |
Ben--
Do you know anything about the Iowa Electronic Markets, and if so could you explain the general concept?
I realize this is slightly off-topic.
By Ldvee on Monday, August 04, 2003 - 04:47 am: Edit |
9100
Insurance company agreed to pay the $600 or so towing and storage charges I incurred getting the rig back to San Diego. I didn't have towing coverage. These guys are great, told them I'd tell my friends.
Mercury Insurance.
By Ldvee on Monday, August 04, 2003 - 05:36 am: Edit |
Hey Kendricks,
Here's an article you can post on the sure board supporting your radioactive electrocuted dead cow theory.
Since nuclear reactions are probablistic, there most certainly is a tiny amount of radioactivity that decays very quickly to essentially nothing, but this article will raise some shit. I prefer to not get involved. Have fun.
--------------------------------------
SOURCE
Appl. Radiat. Isot., Vol.38, No.7, 1987, 507-512
SUMMARY
Abstract
Samples of beef were irradiated with electrons of approx. 10- and 13.5 MeV energies or with Co-60 gamma-ray photons (1.17 and 1.33 MeV). Induced radioactivity was measured with a gamma-ray spectrometer, consisting of a Ge(Li) detector and a multichannel analyzer. No induced radioactivity could be detected in the photon-irradiated samples; also for 10-MeV electrons the activity was below the detection limit. The irradiation by 13.5-MeV electrons, however, resulted in measurable radioactivity andthe amount of N-13- activity was in agreement with previously calculated values. These measurements confirm previous conclusions that irradiation of food with electrons at 10 MeV or even at 13.5 MeV does not constitute any health risk due to radioactivity. Part of the induced radioactivity from 13.5-MeV electron irradiation is due to neutron capture, and the results suggest that several neutron sources contribute to the measured radioactivity.
http://takafoir.taka.jaeri.go.jp/dbdocs/001001001002.html
By Kendricks on Monday, August 04, 2003 - 06:51 am: Edit |
Thanks Ldvee!
By Ben on Monday, August 04, 2003 - 06:57 am: Edit |
Ldvee 9100
Ben picks 9150
T_Bone Dow 9234
Kendricks I take 9299.
By Ldvee on Monday, August 04, 2003 - 07:21 am: Edit |
I like the post that rocks are radioactive.
Yeah but you don't eat rocks.
And then there is the "no increase in measurable radioactivity." Measurable being the operative word.
The cells that are most susceptible to damage by ionizing radiaition emitted by radioactive substances are the cells that are dividing the fastest. Hence no x-rays for pregnant women.
Just so happens that one of the groups of fastest dividing cells is the lining of you stomach since you're constantly digesting yourself. So even if the radioactivity is not measurable, is the small amount that is in all probability there safe?
I don't know, let's introduce into the school lunch menu and find out.
That will drive the yahoos nuts!
By Ldvee on Monday, August 04, 2003 - 07:30 am: Edit |
You see, nuclear reactions in this energy range are continuous with energy. So if 13.5 MeV electrons produce measurable radioactivity there is no doubt the 10 Mev electrons produces some, just less radioactivity, which is below the detection threshold of the measuring devices.
Is it a problem? I don't know. No one does for SURE.
By Ben on Monday, August 04, 2003 - 07:40 am: Edit |
Attitudes change quickly when we have no vested interest in a stock.
Thats for fuckin SURE!!!!!
Congrads on the additional money from Mercury Ins. I will be SURE and tell them you were recommending there company on this uh, "Mexican tourist" board.
By Ldvee on Monday, August 04, 2003 - 08:01 am: Edit |
Hey if there is a group of people that need American insurance that pays off within 50 miles of the border, it's us. High on booze and whatever else and half asleep after a "relaxing" encounter with mexican culture.
---------------------
As far as investing attitudes, that's for SURE. I'm thinking that if this POS gets down to 1.70 or so after the next horrible conference call, it might be a quick double bagger.
By Ben on Monday, August 04, 2003 - 08:07 am: Edit |
Ahh, I now know what POS means. Thank You Kendricks.
Ldvee,
Let me know when you go back in into this POS.
By Ldvee on Monday, August 04, 2003 - 08:18 am: Edit |
grrrr, will greed overcome logic again? - probably
By Kendricks on Monday, August 04, 2003 - 09:02 am: Edit |
Hey Ldvee, thanks for the link and the ideas! If SURE drops far enough fast enough, I might even jump on for a little "dead cat bounce" action.
Right now, MWY looks like a great stock for that kind of fun, though. All the bad news came out in droves, and I believe the company will trade significantly higher than current levels at some point in the future.
I especially like the fact that it is debt free, has a ton of cash, owns the rights to Mortal Kombat, and has some new game releases in the works.
By Ben on Monday, August 04, 2003 - 09:21 am: Edit |
Kendricks,
I know you are not trying to stir up trouble by posting inflamatory remarks on the SURE board.
Of course you were just trying to help your fellow man.
Ldvee, I mean you, sounded so convincing.
By Kendricks on Monday, August 04, 2003 - 10:18 am: Edit |
Ben, come on. Do you honestly think I would ever post something inflammatory on an internet message board just to stir up trouble?
By Kendricks on Monday, August 04, 2003 - 11:36 am: Edit |
ALT is starting to move back up. There is still time to get in at a bargain price, but not for long!
By Kendricks on Monday, August 04, 2003 - 04:09 pm: Edit |
There is something about this post to the SURE board that strikes me as really really funny:
YOU CANNOT EVEN COMPREHEND THE DEPTH OF MY MENTAL SICKNESS MAC. YOU ARE WORTHLESS AND WEAK, AND HAVE THE BACKBONE OF AN AMOEBA. SICKNESS IS STRENGTH, IGNORANCE IS FREEDOM, WAR IS SEX.
I keep laughing my ass off every time I think about it. I'm not sure what it is.
By Ldvee on Monday, August 04, 2003 - 06:44 pm: Edit |
Entertaining day on the SURE board. Nothing gets those guys more mad than the radioactive debate.
That guy jhmaction is a complete moron. jrudkus knows the physics and usually manages to keep his sense of humor. Berkman and tjh930066 have lost a bundle. Prior to SURE Berkman lost big time with Peregrene. He pumped that endlessly and rode it right into bankruptcy.
Oh well, message boards, what a trip.
Another problem they have is irradiating food after packaging, the radiochemistry vis-a-vis the packaging materials is a nightmare.
We'll work on that in a few days.
By Ldvee on Monday, August 04, 2003 - 07:10 pm: Edit |
"YOU CANNOT EVEN COMPREHEND THE DEPTH OF MY MENTAL SICKNESS MAC. YOU ARE WORTHLESS AND WEAK, AND HAVE THE BACKBONE OF AN AMOEBA. SICKNESS IS STRENGTH, IGNORANCE IS FREEDOM, WAR IS SEX."
I read that and thought "OH YES, Kendricks is losing it!"
By Kendricks on Monday, August 04, 2003 - 07:28 pm: Edit |
LOL! Goddamn, I am laughing so hard I can barely see straight. Christ, that is fun. I hope you enjoyed that at least half as much as I did!!!
By Kendricks on Monday, August 04, 2003 - 07:31 pm: Edit |
Hey I just noticed your handle over - lacoahuila! I wonder if anyone on that board but me understands?
By Ldvee on Monday, August 04, 2003 - 07:36 pm: Edit |
busted again
hehehehe
this is too much
nukememore is cool
By Kendricks on Tuesday, August 05, 2003 - 12:01 pm: Edit |
MWY is starting to come back alive. MWY, FONR, and ALT are the best value buys in the market of which I am currently aware.
By Ben on Tuesday, August 05, 2003 - 02:28 pm: Edit |
What a train wreck the market was today.
After hours my ICOS got gutted.
I have sold calls on my shares twice in the last five days and reduced my cost by a little over $3600.
By Kendricks on Tuesday, August 05, 2003 - 05:08 pm: Edit |
Today wasn't all bad. MWY was up over 9%!
By Ldvee on Wednesday, August 06, 2003 - 07:42 am: Edit |
Club Hombre goes public!!
CH
nice chart
http://finance.yahoo.com/q?s=CH&d=c&t=1y&l=on&z=b&q=l
By Ldvee on Wednesday, August 06, 2003 - 08:20 am: Edit |
SURE is beginning to look like a reasonable gamble. Here's the scenario. SURE rides down the general drop, the conference call indicates that things are worse than expected (likely, but I'm not SURE), a further drop, buy in, and then hotdogs and cold cuts are approved for irradiation to combat listeria, a resulting pop, then you sell.
hmmmmm