4th Quarter Trading Thread

[wallstreet]

Might as well start this thread out-

BOT 1/2 position HAL at 34.35

BOT 1/2 position KMG at 59.25

Both are higher priced oil stocks, this is an anchor for my portfolio, will be longer term holds. Looking for 15% returns here.

:D

[savage1]

Hope you hit them both hard, Wallstreet.
Profit taking in wlsf today;36000 shares to have when stock goes up, but when it goes down like today, it stings a little.

[wallstreet]

Savage,

I still do not get that split..

I think it might be wise to lighten up on that position..36k shares is a bit too much for 1 stock.

I forgot to add that my stop on these will be 5%..I doubt I get that kind of retrace though..the PE ratios on these stocks are like 10..lol

Nice job Red Sox..hope they beat the Yanks!

[savage1]

Wallstreet-if wlsf breaks $.55 or so, I may sell some.
I have Sox at 6/5/1 to win WS(made at beginning of season);I could probably hedge a little right away and bet the Yanks but that would be traitorous. Go Sox.
ps Profit I would make if Sox win WS is a small fraction of profit of wlsf, but in some ways I would enjoy it more if you get my drift.

[savage1]

I forgot to mention that I bought 2000 shares of ugho today at $1.57 for ha-ha's;stock has gone up again;I wonder where crooked mm's will take it this time before elevator starts down again.

[wallstreet]

Savage,

Keep me updated to when you buy that stock. I might toss 2-5k shares and see if I can get a dime or two out of it.

I dont get that stock at all (UGHO), but that is par for the course on BB's as we know..

lol

[savage1]

Wallstreet-I am not sure in understand your post re: the mm's.
i just bought it because the stock(ugho) seemed to freeze in a very tight range todsy-almost like the lull before the (good) storm.
Who knows what will happen tomorrow? It might go to $2.00(someone on Raging Bull said $1.99 is point of resistance) or it might like a hurricane take a sudden turn (go down again).
The only sure thing is that when this stock starts to go up, it builds momentum in a hurry.
GL If you buy it.

[savage1]

I just sold the 2000 shares of Ugho for $1.90, $630 profit after commission. Why get greedy?

[wallstreet]

Savage,

Nice job on the trade!!!

I was meaning that BB stocks have all the rules thrown out the window..it is a zoo and anything can happen.

I am getting killed on those oil stocks..meaning down like 3% but still I expected more from these than I have seen since getting in..

Gonna have to decide wether I sell or add a little..

[savage1]

Wallstreet-thanks.
I thought that is what you meant about bb's, but I wasn't sure.
I see where ugho is down now.I have to in all fairness give credit to my ex-wife for reminding/persuading me to sell it this morning after 2 dayn runup.
Now if only Sox can come back;I sure as hell am not risking .01 on Pedro's ability to do it against a team which has owned him.

[wallstreet]

Savage,

UGHO finished poorly...lets see if she will drop to 1.30 or so..

And I would bet the over on the Sox game..Pedro will serve up some runs and the Sox have to score to keep up with their less than stellar pitching..

I havent seen the series lines but I have to think the Yanks are favored now..

edit) added a 25% piece of KMG at 56.15 (had to check if I got a fill from earlier or not)

[savage1]

Yanks are a 150 favorite, and I did make a small wager on the over in Sox game and one on the under in the St. Louis game.
Re:Ugho-as you well know, its always a nice feeling to get out of a stock near the high for the day and make some cash.
Lets see what happens;I want to see if it holds the $1.57, at which I purchased the shares I just sold.
ps I know anything can happen but really think if Sox lose tonight, they are in deep do-do.

[wallstreet]

Got sick of chasing STEM and bot some at 4.18 (only 1/4 position though)

Will sell same shares at 4.70 if I get it today..

This stock is going crazy..

[wallstreet]

Sold the same shares for 4.70, in the matter of 5 minutes I made 50 cents on the trade..unreal.

[savage1]

Great trade1 congrats.--price now is down to 3.88.
Do you think I should buy it here or wait!