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  • Old-TimerOld-Timer Senior Member
    edited January 2013
    Reb,

    It helps a great deal and I very much appreciate your time and knowledge.

    OT
  • TheRebTheReb Senior Member
    edited January 2013
    TheReb wrote: »
    Just an FYI, don't know how much you put into technical analysis but when a stock opens above a 50day simple moving avg. such as this did yesterday on a decent increase in volume that can translate to a breakout of a trading range. The idea behind this is that there was a pick up in demand due to some reason, doesn't always have to be the case but worth keeping an eye on. If it holds above this breakout area for a couple of days and retests the area successfully I will be adding to my core position. Again, if you get a chance to research and feel like it's worth a flyer you may want to keep tabs on this current move fwiw. GL

    A little follow up to this for those following, http://stockcharts.com/h-sc/ui?s=ONVO if you look at this chart you can see the break out that I mentioned, above the 50 day right at the 2.26 level (blue/gray line) it popped up to the red line @ 2.81 which was the 200 day mov. avg. where it met with some natural resistance (very normal) yesterday it moved back toward the break out zone for a short period and was supported well. So the new "trading range" looks to be safe with a low end near 2.28 to the upper end of 2.80 for those looking at short term trading this as opposed to buy and holding. I am long but will trade 50% of holding between this range as an FYI. GL
  • Old-TimerOld-Timer Senior Member
    edited January 2013
    Just so I understanding (I'm trying) if this opens tomorrow at the close price of $2.64 you would trade 50% of your holdings at that price or am I missing this completely.
  • TheRebTheReb Senior Member
    edited January 2013
    Old-Timer wrote: »
    Just so I understanding (I'm trying) if this opens tomorrow at the close price of $2.64 you would trade 50% of your holdings at that price or am I missing this completely.

    No, what I'm saying is that using the the two price points above (2.28 as the lower end of range to 2.81 as the upper end of range) is where I would make my entry and exits for the 50% of holding, in my original post I mentioned the break out area and stated if it held above the break out area for a few days and successfully retested the area of the break out then I would add to my core position. The portion added is for trading purposes now that a new range seems to be establishing, the core position is held for longer term...so any dip whether it be tomorrow or after toward that original break out area (let's use 2.30 for easier numbers) I will buy and when it approaches the (2.80 area again for easier number purposes) I will sell my trading portion...hope that clarifies it better, let me know otherwise. Just an FYI, generally speaking, I do not do multiple trades for pennies through out the day, so it's not a "day trading" strategy per se. It could happen that it swings that much within any given day in which case I could be in and out within the same day but that is the more likely an exception than the norm. Don't have time to sit by a screen every second of the day so I set my ranges for my trades and set triggers, etc. I run a business, work with the markets, cap what I can, and play poker (mostly tourneys now)....thus I have always been hesitant to post plays due to the fact that when I post is not always when I place my own thus the CLV is usually fucked up using my post time numbers compared with my actual. Wear a lot of hats but enjoying the ride as they say, a bit easier now that the boys have "left the nest" and fortunately have a better half that goes along with that enjoyable ride ;-)
  • Old-TimerOld-Timer Senior Member
    edited January 2013
    The portion added is for trading purposes now that a new range seems to be establishing, the core position is held for longer term...so any dip whether it be tomorrow or after toward that original break out area (let's use 2.30 for easier numbers) I will buy and when it approaches the (2.80 area again for easier number purposes) I will sell my trading portion...hope that clarifies it better,

    Thank you and yes it does. I've been using candlestick trend indicators. I am most definitely a rookie and sometimes I shake my head wondering how I did well the past 2.5 years. I've been going to seminars at Scott Trade and also doing some classes on the web put out by them. just taking it easy and trying to learn. Thanks for your help.
  • TheRebTheReb Senior Member
    edited January 2013
    Old-Timer wrote: »
    The portion added is for trading purposes now that a new range seems to be establishing, the core position is held for longer term...so any dip whether it be tomorrow or after toward that original break out area (let's use 2.30 for easier numbers) I will buy and when it approaches the (2.80 area again for easier number purposes) I will sell my trading portion...hope that clarifies it better,

    Thank you and yes it does. I've been using candlestick trend indicators. I am most definitely a rookie and sometimes I shake my head wondering how I did well the past 2.5 years. I've been going to seminars at Scott Trade and also doing some classes on the web put out by them. just taking it easy and trying to learn. Thanks for your help.

    Just an FYI, IB (Interactive Brokers) is great from a low cost standpoint among other things, pennies in commission compared to the others (they do require a minimum balance of 25k I believe) but they have constant scheduled webinars as well and offer forex, bonds, futures, foreign exchanges, etc., I would always recommend having a second trading platform in case one goes down.
  • TheRebTheReb Senior Member
    edited January 2013
    Follow up on ONVO & OPK:

    ONVO has moved up about 40% from the original entry point of 2.25, chart ( http://stockcharts.com/h-sc/ui?s=ONVO ) shows it nearing the Oct. 17 high of 3.39 where it should be met with some good resistance as anyone who bought at that high point will possibly sell feeling like they "got out" even. Couple of points, since the breakout at the 2.25 area it has held above the 200 day mov. avg nicely, however, at this point I would wait (if you were looking to establish a position) and see how it reacts to nearing the 10/17 high as it will be overbought and due for a pullback, if you bought in at the 2.25 area and want to take a nice profit anywhere above 3.30 would be a good exit with the idea of getting back in on a pullback at the 2.80 area. I will sell half of my core position in that same 3.30 area, the reason for this is just in case it breaks to a new high, I will still maintain half of my position. If it retreats to the 200 day mov. avg around 2.80 I will buy back the half core position that I sold. For anyone that did not get in at the 2.25 area, I would use the 2.80 area as my new entry target.

    OPK - has moved up from the 4.65 area to 3.35 on a nice steady move higher and if you look at longer term charts it has formed a very visible "cup and handle" pattern ( http://finance.yahoo.com/echarts?s=OPK+Interactive#symbol=opk;range=20051031,20130108;compare=;indicator=sma(50,100,200)+macd+stochasticslow+rsi(9);charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined; )

    which it looks to be breaking out to new highs. I am long the stock but with the huge insider buying and the pipeline of potential products they have coupled with recent news I am going to be buying the Jun 6strike calls (currently .35bid offered @ .45) very shortly if it continues to hold steady ground, for those of you who have option capability you may want to leverage any significant move higher while reducing your risk cost. IE., 10 call contracts @ .45 equal to $450 + comm. cost for the equivalent of having the option of owning 1000 shares.

    Hope some bought at the original post prices, if not the points above should give you a good picture of where they are at and possibly going, again these are both speculative plays and should not be bought unless you are prepared to handle total loss of original investment, I am currently long on both stocks with possible option exposure within the next few trading sessions. GL
  • TheRebTheReb Senior Member
    edited January 2013
    Above should read "4.65 area to 5.35" and also here is link to samples of cup and handle patterns, (https://www.google.com/search?q=cup+and+handle+pattern&hl=en&newwindow=1&tbo=u&rlz=1C1CHFX_enUS444US449&tbm=isch&source=univ&sa=X&ei=Fp3sUNXjJsq02gXGx4GgDA&ved=0CDMQsAQ&biw=1066&bih=532 ) compare to link of long term chart I posted of OPK ...sorry took too long for me to get original post edited
  • RonbetsRonbets Senior Member
    edited January 2013
    Question for Canucks and Yanks.

    Can I do banking business from Canada to US and vice versa via internet?

    fwiw, this has absolutely nothing to do with any offshore book,
  • Old-TimerOld-Timer Senior Member
    edited January 2013
    TheReb wrote: »
    Above should read "4.65 area to 5.35" and also here is link to samples of cup and handle patterns, (https://www.google.com/search?q=cup+and+handle+pattern&hl=en&newwindow=1&tbo=u&rlz=1C1CHFX_enUS444US449&tbm=isch&source=univ&sa=X&ei=Fp3sUNXjJsq02gXGx4GgDA&ved=0CDMQsAQ&biw=1066&bih=532 ) compare to link of long term chart I posted of OPK ...sorry took too long for me to get original post edited

    Thanks for the information I picked up 1000 Shares at 4.91 an like this stocks potential. I think tomorrow's opening will tell us more. I'm really speaking about me not you. I would like to see this stock open tomorrow higher and stay higher then today's close regardless of the of how much then I think at that point we could be alright? Am I making sense. Your Arod and I'm joe the ball boy when it comes to this.
  • TheRebTheReb Senior Member
    edited January 2013
    Old-Timer wrote: »
    Thanks for the information I picked up 1000 Shares at 4.91 an like this stocks potential. I think tomorrow's opening will tell us more. I'm really speaking about me not you. I would like to see this stock open tomorrow higher and stay higher then today's close regardless of the of how much then I think at that point we could be alright? Am I making sense. Your Arod and I'm joe the ball boy when it comes to this.

    Not wanting to get too technical, the weekly close will be more important than tomorrows. The reason I say this is that we are right at the Apr '07 highs on the weekly charts, there was some news today http://www.cytochroma.com/news/opko_health.html so they have been extremely active recently. I like the CEO he has a proven track record and obviously is extremely confident as he continues to buy shares in the open market. If we can get a nice push and close on convincing volume then it could be off to the races as don't forget about the large short interest with just shy of 30 mill shares short and a 20 day period to cover http://www.nasdaq.com/symbol/opk/short-interest based on current avg. daily shares traded ;-)
  • Old-TimerOld-Timer Senior Member
    edited January 2013
    Keep it coming Reb very impressive to say the least. Funny thing about these forums much like the casino business and the people you meet everyday you never know who your talking to and you never what they know and what you can learn. The younger guys in the casino business just don't understand that these days.
  • TheRebTheReb Senior Member
    edited January 2013
    Old-Timer wrote: »
    Keep it coming Reb very impressive to say the least. Funny thing about these forums much like the casino business and the people you meet everyday you never know who your talking to and you never what they know and what you can learn. The younger guys in the casino business just don't understand that these days.

    No problem OT, you get the benefit of the 30yrs. of tuition I paid at the school of hard knocks :) , great book I call my bible when it comes to the markets is Technical Analysis of the Financial Markets by John Murphy anyone trading or investing in the markets should own a copy IMO.
  • TheRebTheReb Senior Member
    edited January 2013
    ONVO is off the charts this morning, it has broken out and the last time it did this was June of last year when it shot up to almost $11.00. Can't find any news out yet but when you follow technicals usually the news follows (idea is that somebody knows something ahead of time usually) but they did present at a conference on monday and here is a profile of what they do:

    Organovo (OTCQX: ONVO)

    Organovo (OTCQX: ONVO) designs and creates functional human tissues using a proprietary three-dimensional bioprinting technology. The Company focuses on developing a range of human tissues and disease models for medical research and therapeutic applications. The Company's NovoGen(TM) three-dimensional bioprinting technology employs a specialized automated platform that works across all tissue and cell types. Organovo's bioprinter was named one of the "Best Inventions of 2010" by TIME Magazine and Organovo has been recognized as one of the most innovative companies of 2012 by MIT's Technology Review. Organovo is helping pharmaceutical partners develop never before available human biological disease models in three dimensions that hold the potential to transform the business of therapeutic drug discovery and development. Organovo is also developing direct tissue therapies where precise structure and architecture may deliver the best clinical outcomes. Organovo leads the way in solving complex medical research problems and building the future of medicine.

    As far as OPK, it pulled back a tad today so I went ahead and put in a market order for 40 contracts at the Jun 6 strike, fuckers only gave me 18 @ .35 and moved the offer to .40 where my bid stands @ .35 for the remaining 22 contracts. The company that they announced they are buying yesterday primarily focuses on vitamin D deficiency which believe it or not is a huge market.
  • TheRebTheReb Senior Member
    edited January 2013
    Article with reference to OPK's purchase of above mentioned company: http://www.bizjournals.com/southflorida/news/2013/01/09/opko-health-buying-canadian-drug.html?ana=yfcpc as mentioned in the article, they are making the purchase through a sale of stock so there will be a bit of dilution short term, however, Frost (CEO), must feel that it complements the diagnostic test they are going to sell to physicians whereby they will bypass the lab tests and the doctors can administer the test and prescribe the medication at their offices...pretty shrewd, instead of the labs making the money, the doctors can charge for it right there in their offices.
  • DubbsDubbs Senior Member
    edited January 2013
    TheReb wrote: »
    ONVO is off the charts this morning, it has broken out and the last time it did this was June of last year when it shot up to almost $11.00. Can't find any news out yet but when you follow technicals usually the news follows (idea is that somebody knows something ahead of time usually) but they did present at a conference on monday and here is a profile of what they do:

    Organovo (OTCQX: ONVO)


    Organovo (OTCQX: ONVO) designs and creates functional human tissues using a proprietary three-dimensional bioprinting technology. The Company focuses on developing a range of human tissues and disease models for medical research and therapeutic applications. The Company's NovoGen(TM) three-dimensional bioprinting technology employs a specialized automated platform that works across all tissue and cell types. Organovo's bioprinter was named one of the "Best Inventions of 2010" by TIME Magazine and Organovo has been recognized as one of the most innovative companies of 2012 by MIT's Technology Review. Organovo is helping pharmaceutical partners develop never before available human biological disease models in three dimensions that hold the potential to transform the business of therapeutic drug discovery and development. Organovo is also developing direct tissue therapies where precise structure and architecture may deliver the best clinical outcomes. Organovo leads the way in solving complex medical research problems and building the future of medicine.

    BOOM!
  • BetThemDogsBetThemDogs Senior Member
    edited January 2013
    Here's a cheap little oil company, if anyone's interested. Australian company, headquartered and drilling here in States. Nothing glamorous, just drilling cheap wells in West Texas. Should get a double out of it in next 6 months or so.

    Antares Energy AZZEF

    http://www.antaresenergy.com/
  • TheRebTheReb Senior Member
    edited January 2013
    Here's a cheap little oil company, if anyone's interested. Australian company, headquartered and drilling here in States. Nothing glamorous, just drilling cheap wells in West Texas. Should get a double out of it in next 6 months or so.

    Antares Energy AZZEF

    http://www.antaresenergy.com/

    BTD, is there anything in particular to warrant the double as their previous high looks like it was .80, just curious TIA
  • CoopsCoops Senior Member
    edited January 2013
    TheReb -

    Ever heard of Hellenbrand (HI)

    Hillenbrand (NYSE: HI) is America's leading death-care provider (yes, you read that correctly). They are the top-dog in an important and stable industry, and they are using those stable cash flows to expand into material handling equipment. Hillenbrand just completed a sizeable acquisition of German-based Coperion Capital, which will add about $1 billion to their top-line. Coperion should fit nicely into their industrial products core competency and should integrate well. With a FCF Yield of 13% and a dividend of nearly 4%, the market isn't giving Hillenbrand enough credit.

    Just picked up 50 shares for my IRA, yields a 3.6% dividend, but with better management I think it could explode up in the future.
  • TheRebTheReb Senior Member
    edited January 2013
    Coops wrote: »
    TheReb -

    Ever heard of Hellenbrand (HI)

    Hillenbrand (NYSE: HI) is America's leading death-care provider (yes, you read that correctly). They are the top-dog in an important and stable industry, and they are using those stable cash flows to expand into material handling equipment. Hillenbrand just completed a sizeable acquisition of German-based Coperion Capital, which will add about $1 billion to their top-line. Coperion should fit nicely into their industrial products core competency and should integrate well. With a FCF Yield of 13% and a dividend of nearly 4%, the market isn't giving Hillenbrand enough credit.

    Just picked up 50 shares for my IRA, yields a 3.6% dividend, but with better management I think it could explode up in the future.

    No, but will look into it, thanks -R
  • BetThemDogsBetThemDogs Senior Member
    edited January 2013
    TheReb wrote: »
    BTD, is there anything in particular to warrant the double as their previous high looks like it was .80, just curious TIA

    Check out their website. They are drilling about 2 wells per month-- vertical wells-- costing about 2-3 million per well. Getting between 150-300 boepd per well. Buying up more land in the area. Have come very close to doubling their production in the last year to almost 2500 boepd (barrels of oil equivalent per day-- that's oil and natural gas figured together). I look for them to get a North American listing soon after the share price goes over $1-- that would bring in a lot more investors. And, they will drill their 1st horizontal well early this year.
  • Wire2WireWire2Wire Senior Member
    edited January 2013
    Sold my RIMM yesterday at $13.56...NICE PROFIT for 2 week trade...w2w
  • TheRebTheReb Senior Member
    edited January 2013
    Quick update on OPK & ONVO, both trading up nicely again today, news for OPK http://www.foxbusiness.com/news/2013/01/14/opko-expands-technology-collaboration-with-bristol-myers/ I did finish purchasing the 40 contracts of JUN 6 calls @ avg .41, right at the top of the "handle" chart looks very constructive at this juncture. ONVO has been a great trading vehicle as it has had some pretty wide swings with an upward bias.

    W2W, nice trade on RIMM up strong again today which leads me to follow up on Coops, Coops not sure if you pulled the trigger on AAPL but the bounce a couple of weeks ago is looking like it was more of an oversold bounce/short covering, I stated if you were thinking of initiating the position you spoke about you may want to see if it retraces to the 500 area. I'm inclined to believe that a breach of this area could lead to further downside, so as I mentioned if you are still looking to get long, you may want to sell the puts in the mid to low 4's as picking it up there would be a lot better than here and if the 500 holds as support you can make a few on the premium you collect. GL
  • CoopsCoops Senior Member
    edited January 2013
    Thanks Reb, never pulled the trigger on Apple, but I did by some Intel today. Earnings Thursday and its another good dividend company.
  • BetThemDogsBetThemDogs Senior Member
    edited January 2013
    Here's another little Australian oil company--- Austex Oil (AOK.AX) trading @ .12--- the ADR's here (ATXDY) are @ $6.39 (1 for 50 on the ADR's)
    They are drilling in the Mississippian play in Oklahoma-- drilling 2 vertical wells per month (100% owned) and are participating in 2 horizontal wells (much more expensive to drill) with Range Resources (RRC), with at least 3 more to come. Check them out-- as they bring more production on line they will become more attractive to the big boys-- I expect them to be bought out in the next year or so.

    www.austexoil.com
  • minger2123minger2123 Senior Member
    edited January 2013
    Guys, I have been with my independent broker for 10 years. I wasn't really trading until recently. Thanks for onvo tip by the way! But my broker charges almost 70 bucks per trade. I see where ameritrade and scottrade are much less. Anybody have any recommendation on an inexpensive on line broker?
  • CoopsCoops Senior Member
    edited January 2013
    70 bucks a trade?!?

    That's fucking nuts, I use fidelity and its 7.95 a trade and even that is expensive, but its convenient so I don't care.
  • TheRebTheReb Senior Member
    edited January 2013
    minger2123 wrote: »
    Guys, I have been with my independent broker for 10 years. I wasn't really trading until recently. Thanks for onvo tip by the way! But my broker charges almost 70 bucks per trade. I see where ameritrade and scottrade are much less. Anybody have any recommendation on an inexpensive on line broker?

    See post #67 in this thread, also as another option there is sharebuilder which was ING direct but Capital One bought them out so it is now their platform here is a link to their fees, http://www.sharebuilder.com/sharebuilder/trading-pricing.aspx , I use TD Ameritrade for my IRA and they are fine as well. Either way the independent broker fee went the way of the dinosaurs, you might be the last one I know of using one for trading purposes. Wealth mgmt. is a whole different animal. In any case, best of luck going forward.
  • Old-TimerOld-Timer Senior Member
    edited January 2013
    I finally got a good friend to get a computer and get hooked up with Scott Trade. he was paying $50 so I think yes he was the last. My friend is so afraid now I'm trying to get him to do online banking. I still don't know how I got him to get a computer.
  • DubbsDubbs Senior Member
    edited January 2013
    Coops wrote: »
    70 bucks a trade?!?

    That's fucking nuts, I use fidelity and its 7.95 a trade and even that is expensive, but its convenient so I don't care.

    I use Fidelity as well, easy shit!
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