xxxI don't like to say lot sizes and such but it did make up about 6% of my portfolio. So I am pretty happy. It's moer than enough to pay for my vacation to NYC in a few weeks ;-)
I had some questions about the report regarding the USPS dropping their locker certifications but wasn't sure where/who to ask. Did they drop certifications all together for all lockers or was it that the company failed the USPS's test which made them drop only their certification? or did the USPS update it's specifications which lead to failure? If it's the later two, why don't they try to get re-certified? If it's the first, then yeah, that business is never coming back. I'm sure it's in their 2007 report somewhere, but I'm too lazy to look it up.Umm, yes it is. The report made it sound like a good opportunity. Read the latest 10-Q which doesn't say much. It's not really a gamble from what I did read so I grabbed some this morning. I wish I bught yesterday though but I had atleast do some reading beyond the 17 page report before buying. With my luck, it will drop 20% now hat I own it. It almost looks like another RSKIA but not quite as good. A bought a smaller share so I could always DCA later if I have to.
I didn't know that you have a subscription at gurufocus. I know you go there occasionally but not that you subscribe.
EDIT: Regarding 17 page report stock: I got in and it shot up 70% a minute later.
It matters to me because that can unlock even more potential value...I suppose if one automatically discounts that business entirely as never coming back, it would also reduce potential losses.I beleive that for whatever reason (it doesn't really matter) that the company did not get recertified. I don't think it was their choice. regardless, they restructured for the future.
The thing is, today the company has restructured (through bankruptcy I think) and has no debt and positive FCF (normalized anyways). Such a small comapny can have postiive FCF and negative FCF the next. The bid/ask is $1.53/1.99 right now so I didn't really make muc money yet. I have time to make money so if it takes 3 years to double I will not complain one bit. I am fairly confident that it will.
I just want value. RSKIA is harder to get in/out than this one and the thing is up 50% over the past few months. It was undervalued and well run. And people that did buy made some good money. I look at the comapny, not the ticker.
http://www.bloomberg.com/news/2011-01-28/ford-fourth-quarter-adjusted-eps-30c-est-48c.htmlF is renegotiated and making money. If F can make money in Europe stock goes up.
GM is a China play. I would never buy GM on principle, saw too many senior bondholders get wiped. What the government did with GM was the biggest Robin Hood I have seen in my life. Also the UAW has huge contingent exposure if GM goes up and the government still owns shares. Only time I ever invested along side the government was on WFC and that was because implied vol was so high, I went long stock short call and picked up 45% for 6 months. Didn't think WFC was going to continue down another 45%.
http://forums.anandtech.com/showthread.php?t=2139658Even if hypothetically you sold it 1 tick later you made Volume Weighted $.15 a share. on 10,000 shares that is $1,500. What kind of a trip are you taking?
Yoxxy, have you ever looked at NATI? How about WFR?
With Ford's earnings today, do you feel like it's a good buy?
F is tomorrow I believe. I like F and have a position in F and may sell some butterflies after earnings tomorrow depending on how much of a move there is. I am hesitant to put anything on as the market feels like it should be in for a ditch once the cheap liquidity comes out from the Fed and I don't really like leaving margin in any positions except what the broker already has. Also, according to ICI the retail investor finally looks to be putting money into domestic mutual funds again, if that isn't time to sell I don't know when is. http://www.ici.org/research/stats/flows/flows_01_26_11 It has been basically since the flash crash since we saw money go into domestic mutual funds.
Never really looked at NATI and WFR. Took a quick look WFR from home and was shocked to see how many firms are covering the company. I will take a look tomorrow if I have time, try and give you a consensus of what the group think is.
Haven't had a chance to look. Too many other positions I am already working on...
Anyone got any 5 to 10 dollar stock to look into? I am overwhelmed and don't know where to start.
Sorry to say you are confusing concepts.
A limit order becomes a market order after the price hits. It doesn't mean you will get that price.
In a thinly traded stock like that I could have a limit at 2.25, price registers 2.25 and order fills at 2.50, 3.00 or even 2.00 etc.
Limit orders do nothing in thinly traded stocks. Only way to trade something like that is algo trading, negotiated offer or via a broker that is going to sit and trade them lot by lot and take the spread for himself.
xxxI think you are the one that confused. A limit order is an order to be executed at the limited price or BETTER.
What you are talking about is a stop-loss order (sell order) or trade-trigger order (buy order).
Limit order lots go to market when one share would fill.
In a thinly traded market stock like that you will end up with a whole order filled at a price you don't want.
Look at the candle sticks. Keeps bumping down to limit, fill another 100 shares.
If you are trading a thick stock, a limit order works. Not on something that can trade that few shares a day.
Hmm ... now you make me concern ... not to doubt you but how do I verify it?
I've placed a lot of limit orders (buy and sell) but never had one that executed at a worse price than the one I specified.
There's time that the limited price hit but my order was never executed due to the order in the queue. By the time it got to my order, the price is either going up (in case of buy order) or going down (in case of sell order), so my order was not executed.
I've been watching NAK for quite some time and unfortunately didn't jump in when I found it around $8 (it's almost $20 today). I kept waiting for a pullback and it bit me. I'm just wondering if this junior miner will continue to rise up!
Also, damn you Ford!! I'm still up overall but couldn't get out earlier after the giant -8-9% day and guess I'm just going to hold again for now.