Why didn't you just put in a market order when the ask was at 7.77 like I did?

I had the order in early this morning when the stock had been going down and had bottomed at $7.66 and had moved up to $7.78. I was trying to save $80 on a thousand shares.

I filled on my 1000 shares at $7.80 at 11:09 PST today.

Good luck to both of us.

Yes, good luck to us both. Hopefully, this turns into another PCIS, or even better, a CYD. Do you ever use market orders on this type of trade, or do you always use limit orders?

It seems to me that the limit orders work out about 50% of the time, but I really have no exact data. I just sometimes get greedy and try to buy at close to the bottom.

I doubt this will be another CYD, but this company has very good fundementals.

IF their earning on the 24th of Nov. (I think) come out close to what is expected, this could easily be a $8.50-$9 stock. Of course the market has to continue to be bullish.

Earning on CTEL is out today I think, not the 24th.

Kendricks and others,

Here is a good source of information on stocks:

http://tscnresearch.bsis.bellsouth.net/calendar/earning_release.asp?week=2&type= 2



(Message edited by ben on November 03, 2003)

Ben said on Oct. 31:

"IF their earning on the 24th of Nov. (I think) come out close to what is expected, this could easily be a $8.50-$9 stock. Of course the market has to continue to be bullish."

Wrong on the earnings date (typo) I meant to say 4th, not 24th, but more important is now up to $8.40!!!!!


CTEL up .64 to $8.39 (8.23%)today.

Now what do we do?

Damn, I was just about to post essentially the same message, and you beat me to the punch! CTEL is kicking ass today, and now we are faced with the age-old question - take the quick profits, or hang on for more? In this case, I think I may hang on for more. No final decision yet, though.

NoW trading at $8.66!!!! Up 11.58%

We both could net over $800 in one day if we sold, but I think it will keep going. It was as high as $9.09 ten days ago.

Damn Kendricks, why didn't we buy 5,000 shares?

That was a great call, Ben! I'm glad I was smart enough to jump on board with you. Selling now is tempting, but I agree that there does seem to be more upside. Worth the risk, IMO, anyway.

Volume is higher than normal which means more buyers than sellers, but the one thing I dislike about this stock is that it is so thinly traded.

We need some of those nasty mutual fund managers and institutions to start buying into this company.

Bakced off to 8.32 now. At this point, I think holding on is the smart thing to do. Do you agree?

Yes, I agree that holding on will probably pay off, but of course I am wrong a lot.

This is probably just a few investors profit taking or panic sellers who got in as a day trader and jumped out when it started moving down.

the fundamentals on this company look great and it might be a long term keeper. They have a pay tv service that has one channel where a subscriber from home can show their home videos or advertise their business, The pay tv part of their business has news channels, etc. and apparently has been a big hit in Hong Kong and should add to their bottom line. They also have long distance and local telephone service DSL for computers and other intergraded services which they can offer at high profit margins.

Now this is what i have read and I have no idea if the information is accurate.

Weak sellers about gone and stock is moving back up. Currently $8.45 with an ask of $8.47 and volume 111,000. The volume is 36% above the daily average vol. of 75,000. These are good technicals in IMHO.

Back down to $8.36, but still up over 7% today.

I have to go deliver a special present to sugar Pie so I am gone for the day.

GO Sooners and CTEL

My TFS shares did well today also.

Ben is a fucking genius!!!

Just got back from TJ and discover that CTEL is up 12.12% at the close at $8.70. I am up $900 for the day and that other guy is up even more than me!!

This is the second time I have suggested a stock where Kendricks made more than me. I am not complaining as 12% a day is muy bueno.

Sugar Pie will be very happy about this.

That is touching, Ben! You have good fortune, and the first thing you think about is the happiness it will bring to Sugar Pie! Thanks again for the killer pick.

Ben is a fucking idiot!

Why didn't I sell this morning?

I need to call Sugar Pie and ask for my money back.

What a dilemma. I suppose that holding makes the most sense now, but I am tempted to just snatch the profit I can and run.

I just took a nice 12% profit on TFS. Not bad for a trade I entered last week.

Fuck it, I took my profit on CTEL at 8.45. Nearly 9% in two days, nothing to complain about. Thanks Ben!

Coward!!!

I sold CYD at $29.57 last week and it is now trading at $33-$34. Lets see 1400 times $4.50 a share is $6300. I could have bought a nice car for Sugar Pie.

Ben is an idiot!!!!

ken-have you seen what PSMT has done in the last week or two? Maybe your original hunch was right?

Damn sorry I bailed on it!

Sandman, yes I have been following PSMT. I fucked up, and sold right near the bottom, when I should have either held or averaged down. My original thinking was correct, but my timing and panic sell reaction were all wrong.

I just checked my trade history on PSMT. I bailed at 6.38, and it closed today at over 9. What a fuckup.

It happens to all of us. Nobody gets in at the bottom and sells at the top. NOBODY.

I just made what I think will turn out to be an excellent covered call trade - bought NVDA at 17.78, and sold the Nov 17.5 calls for 1.35. Over a 6% profit in 14 days if assigned, with great downside protection.

I also picked up 1000 shares of ALOY this am. Looks like a good value here.

NVDA looks like it is turningaround and the premium seems very attractive for only 14 days.

ICOS the maker of Cialis is close to a 52 week high at $47.48 today. I bought 1000 shares of ICOS in July at $39.54 and have worked my cost down to about $35.60 by buying and selling options. Apparently U.S. approval of the drug will be announced in the next couple of weeks.

I would encourage all who are healthy to go get some from their doctor. It is wonderful.

Asshole Kramer finally got one right?

Last week or two weeks or so ago I posted Kramer said Amazon would post good numbers and go up. It went down big.

Last night Kramer said Csco would post great numbers and would go from 21-25 very soon.

Well based on his wrong info in the past I did not buy any calls today and was ready to dump my stock on possible usual bad news.

Well the numbers just came out and at least at the moment CSCO jumped from around 21.60 to 22.85.
This is good for the tech sector.

Last night I also heard some assholes say TEchs are overvalued and that around Nov 22 or so the techs would get hit hard since stocks just can't keep going up.

In general this may be true but how many times has many stocks just kept going up and up and up for long periods of time.

I agree that many of the techs are to high.

Please don't call me an asshole, but of course I am.

I also agree that many stocks are too high, in particular many techs. Does this mean that they will not keep going up into 2004? Not necessarily. They eventually have to come back to earth, but there is no definable limit on how irrationally high they can go first.

Anyway, I really don't care if people call me an asshole. After all, you are what you eat!

Kendricks, Ben

I am the last one to call either of you assholes

so guys based on your opinions


On CSCO
Dell
Nxtl and Sunw

Do you recomend I buy Nov or DEC puts?

Or sell Nov, DEC, JAn or FEB covered calls?

I really don't know much about the big name stocks. I have essentially two strategies:

1. I buy stocks I think are not likely to collapse, that have high call premiums, and then buy the stock for the sole purpose of wroting a call against it.

2. I buy low pricd, beaten down stocks I think are likely to move up in the near term future.

I honestly don't know what to do with stocks like Dell or Cisco.

Cisco has a bunch of cash and their business sector seems to coming around. Along with a very nice earning report, they are forecasting the next quarter to also be a boomer. Csco was a $12 stock a year ago and is now at $23 and selling for 40 times earnings, but I think has a much brighter future. Also CSCO has a very nice balance sheet with no long term debt.

Dell has done well and keeps on producing new and innovative equipment and is the 800 lb gorilla of the personal computer business. I just wonder how much longer they can substain a business that is just basically a commodity and countries like China are soon going to start producing like products for 75% the cost???

Dell is selling for $35 which is 40 times earnings and a year ago it was selling at $30.

"I would encourage all who are healthy to go get some (Cialis) from their doctor. It is wonderful."

Absolutely! Much better than Viagra. Took one for the first time on a weekend excursion and it was great. Much more natural. Like I was 18 again.

Got it at my usual TJ pharmacy for $12 or so.

The company has one hell of a product!

The apparent return of the tech industry is music to my ears, it will keep money in my pocket. That and Cialis......well life is good.

I have an appointment with the hired hand next week to analyse the portfolio. It's doing nicely, I'm interested in the breakdown of dividend income vs. growth due to rising equity prices. More than 40 stocks in all sectors. If anybody can help me out with questions I should ask, I'd appreciate it. I'm a computer jock and find financial matters a bit bewildering.

Ldvee,

Thanks for the endorsement for Cialis. I think all healthy males over the age of 16 should take one every three days. Perhaps even females should use them.

It sounds like you have a good man helping you and it sounds like you are well diversified.

I have no idea what you should ask him other than maybe you should buy some ICOS.

I took a quick profit on FTUS this morning. I'll probably play it again for a bounce if it moves back towrd its recent lows. I have been having fun doing this recently with FTUS and GLGC.

You were also smart enough to get out of of CTEL at $8.45 while I continue to watch it go down.

CTEL had a strong finish today, and closed over 8.50. Hard to say what it is going to do in the short term, but this will be one I am watching to re-enter. I was hoping to re-enter below 8, but I'm sure that anyone who bought at today's low of 8.05 is feeling pretty good about it right now.

GLGC closed at 5.29 today, and I am still in. The classic dilemma: Is this a breakout that will continue, or would I be best served to take another quick profit, and try to buy it back again under 5?

ROXI took it in the ass today. Not something I enjoy seeing while I am holding 1200 shares. I'm not particularly worried about this one, though - if it doesn't bounce back right away, I think I will be able to continue to profit by selling more call options until it does come back. It has a book value of over 5, lots of cash, a small amount of debt, and I don't think it is going away any time soon.

Ldvee, you might want to ask him if he knows anything about covered calls. Properly done, this should make it relatively easy for you to meet your stated goals on an accelerated time schedule, with minimized risk.

I am going to explain to him again that I am highly risk adverse except for small gambles; however, I am willing to bet on the stock market for the forseeable future.

Speaking of gambles, SURE.PK may have bottomed out. I still watch the POS.

School still out on CTEL, but that crazy stock has been as high as $9.72 today and currently is trading at $9.42. Please pass the salt.

Damn, I should have gotten back into CTEL yesterday. And ROXI is still getting brutally assraped. What a shit day. I took a nice little profit on GLGC again, anyway.

It is impossible to know when to get out. That is why many investors lose because they get to greedy.

I am still hurting as I watch CYD hit a new high almost every day since I sold out at $29.57. CYD currently at $36.73 and I owned 1400 shares.

I put in a stop loss at $8.90 on this stock as that would net me a little over $1000 for one week, which is appro 12% or over 400% on an annual basis.

God I love this business!

Congrats on a great call. Remember ARXX? You turned me on to that last year, and I made some money selling the 7.5 calls. It has really started to take off lately.

I'm beginning to think I need to add a third leg to my strategy - looking for solid long term investments, based upon companies that have great earnings growth, rock solid balance sheets, and are selling at an advantageous buy point. Of course, this will require me to spend some time learning how to analyze fundamentals on a more profound level. I would like to find some companies with good long-term appreciation value that I can feel good about holding for longer than a one-day upward spike.

I would then have a three part strategy:

1. Bottom feeding
2. Covered call selling
3. Long term investing

Any thoughts?