Stocks

[savage1]

Wallstreet-good luck with those.
My ex-wife has a nice profit with nt.(and lu).

[autiger101]

Covered Calls

Not sure if any of you guys write Covered Calls but I just did one today on EMC. Bought 1000 shares at 14.70 and sold the Feb 15 at .75 when the stock hit 15 today. Short-term return was 4.80% with total return being 6.80% if called out.

This might be a good one to play with for a couple of months.

Good luck on your investments!!

:D :D :D

[wallstreet]

Savage,

Looks like I get a chance tomorrow to buy a bit more if I like. INTC and YHOO are going to give us a chance for lower prices..fine with me.

VASO got killed in AH, interesting there. Also NGEN getting hit, maybe related to INTC..not sure.

Tiger,

I do not like that premium at all, it gives you a basis of 14 bucks, then add on commish, which means your real basis is around 14.25 or so depending on the rates. I hate keeping my shares in limbo for a month with NO downside protection. Let me strongly suggest if you have a way, buy some puts to protect your position..I know you can only get 12.50's but man I would be nervous holding that long for a 6% upside..not at all worth it to me.

I did the CC thing in the late 90's and the ones that went south I took a bath on and the ones that went north I got a lousy 10% on. With the low option premiums I see little to no value writing CC's..

JMHO

[autiger101]

WS

Thanks for the input. I'll take a look at doing that.

[Bennycav]

Wallstreet I have a question

What do you think of ROXI. I was thinking of buying some. Just wanted to get you opinion of what you though. Thanks

[wallstreet]

Benny,

I am not sure how much momentum this ROXI has going forward. I know their product and you and I know their competition. The problem I have is I either have to know the company inside and out and have full confidence in what they are doing and where they are going, or on the other hand I gotta think they are either a short or a mid term momentum play.

ROXI just announced an equity round on the 12th, which is both good (they get money) and bad cause they had to float 5M shares in a private placement to do so.

To me the 3 month chart looks like a small death spiral, from 10 to 4 while the market has been rocking..better put is ON FIRE, especially in the speculative area. Look at the chart and wait for a bottom to be put in. This chart formation looks like an INVERTED SAUCER..which is bearish..usually a cup and saucer is bullish, where the stock moves up..comes down and forms a base..then resumes up..this stock does the reverse..it went down in mid Nov to 4.5 or so..went up to 5.50, then a new low to almost 4, then a lower low, then a lower high, now a low that could test the lower low from before.

If you gotta get in, please use 25% increments..I also think if you want in this stock, you gotta go in with 1,000 shares in total or more..that way the commish doesnt eat you alive and make you stay in when you would have exitied easier. If I were to buy it would be at 250 shares out of 1000 at a time..just pray you dont break 4..

GL

[capone]

stocks

hey guys im not really a stock man but interested.sometimes i have these hunches like when priceline went under 2$ then i still saw an add on tv wit william shattner,i was thinking of laying out a grand,now ive been looking at atari,and everyday that bad boy is going up,thinking of dropping a dime on that,any suggestions:angryfire :angryfire :angryfire

[wallstreet]

ATAR hasnt left the building yet, look at a 1 yr chart and it has been hanging in this 3.50 to 5 buck range. It has to clear that area for it to be a breakout. Not a ton of average volume and also keep in mind that this is a name change in the last year (I think it was this year)

Doesnt have a ton of teeth to me, but if you want in it has to hold the 3.50 area or it will be a failed breakout. Buy lightly and on dips and you should be ok if you use good money managment.

GL

[checkers]

Wallstreet,
need your advice on LU this year. Is it good for long term like this year ? Thanks.

[wallstreet]

checkers,

I like LU quite a bit. Not as its own entity, I think it is bloated and over leaveraged.

LU has left the building, back when Savage bot it 1.00 ago.

If you buy I dont see you angling in..it hasnt gone down at all over the last month. If I wanted in, I would wait until earnings, see if they really drop their pants or float another offering..do somthing to slow the stock down.

I bot NT on some weakness, and it is back positive. Market turning large mid day and if you want on, I think you will have to take a jump, then guard your position..I would still average in at least 50%/50%..

Man tons of action today, VTSS rocking, CHTR on fire, LU as well..

Telecoms are too hot..

[savage1]

Wallstreet-Actually purchased lu at 2.83 2 weeks ago.
At present level in 4.30's, that is quite a gain and I am very pleased.
I may sell 1/3 of position if it drops to $4.00 but am not sure at this point.

[wallstreet]

Savage,

The market tells me to tell you to hold on. I like your stop idea, nice and wide..you dont need to worry about a signifigant drop at this point, rather at what juncture you take profits and let the rest ride. If it were to get a real big drop without company specific reasons it would be a buying opp in my mind.

I say if you get to double territory you peel off 50% of your basis and let the rest ride.

This telecom run might continue for the entire year. These stocks have been laggards for the last 3 plus years and the run could only be starting. LU was over 50 back in the late 90's..this 1.50 run is really nothing relatively speaking.

I am eyeing IVAN here..getting tasty..I would like to see it around 3.25 and then go in for a half position.

LU keeps making intra day highs, has a very high relative strength. If I see or feel differently I will let you know.

The only thing I can think that would hurt them is if they really really drop their drawers next earnings and or try and float another issue..which is a bad idea IMO..let the stock run..

[savage1]

Wallstreet-Thanks for great advice. I will do something akin to that.
Would you believe that I actually initially sold 1000 of my three thousand shares at. 3.77 when some idiot at Morgan Stanley decided that lu was overvalued.
A day or two latter when I could see he was wrong and stock started up again, I bought back my 1000 shares at 3.96 bringing me back to my original 3000 shares.
I wonder sometimes how honest some of these so-called analysts are in their assessments.

[wallstreet]

Savage,

The last thing I do is listen to analysts. They are paid to make relationships for business and little more than that. They listen to CC's and supposedly have staffs that go over numbers etc, but they dont know anything more than you or I can know by doing our research.

And dont you love when they try and be a cowboy by running into a freight train..what a bunch of morons. The only people I trust are non biased people and technical chartists, people who dont have ulterior motives for reporting on somthing..

Good for you on getting your shares back, but at least you had a tidy profit in your hands even though the moron scared you out of your shares. Watch the clown move the stock back to a strong buy when it goes over 5 and is marginable again..lol

It is so hard for me not to buy some of these optic stocks that are moving..little ones like FIBR and MRVC..I sold a buck ago on MRVC and it is still strong..I think I will start a small position in FIBR at 4 bucks,with a 25% entry to my overall position..lets see if I get it.

Oh on that note.. I was so stupid..RBAK came out of BK and started trading (RBAKD) the first day it went to 6 bucks..I sat there and should have bot a position..now at 9 it could easily go over 10 and to 15.. grrrr

[savage1]

Wallstreet-the real truth lies somewhere between fear, greed and common sense.
I don't knowif I mentioned it or not, but 4 or 5 years ago I had a stock actv(symbol iatv), an interactive tv stock which just recently merged with optv.
To make a long story short, I bought stock at 4, saw it rise to 50 before collapse when bubble burst and then down way below 4.
I kept most of my shares along the way as well as trading.
Some of the socalled gurus on Raging Bull thought it would go much higher;there were even lofty predictions to 800 a share.
Thus, I figure they were smarter than I, and as stated kept core of holdings.
We all know wha happened to stocks like this when bubble burst, and in my case a couple of hundred thousand dollar profit evaportated.
Probably on my own I would have dumped the whole thing when stock went from 4-10 initially.
My elderly father who just died at age 90 in June, warned me when stock was around 50 to sell at least 1/2 or not all of my shares.
I might add that my father was an EXTREMELY successful investor and was from the old school of buy and hold except with speculative stocks such as iatv.My father was in the market fror 60+ years;needless to say I should haved listened to him.
Obviously because of that painful lesson, I am just a bit more
conservative.