***Official*** 2011 Stock Market Thread

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Sep 29, 2004
18,665
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91


I am guessing based on his post he is one of the 700-1k lots though and then the 10k lot came in after him.

Either way this kind of trading makes no sense. Huge market impact costs involved.

I don't like to say lot sizes and such but it did make up about 6% of my portfolio. Also remember that one order can result in multiple lots to fill that order. So I am pretty happy. It's more than enough to pay for my vacation to NYC in a few weeks ;-)
 
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jessieqwert

Senior member
Jun 21, 2003
957
1
76
Any hints here?

Thinking about getting in on SIRI in hopes that it will make a run on the $2 mark.

EDIT: Also sold my TM and WFR this morning. Need to lock in some earnings and keep more cash in reserve
 
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lothar

Diamond Member
Jan 5, 2000
6,674
7
76
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.
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.

That stock is a bit too thinly traded for my liking...While it offered value, I had that question to ask and I also want something that isn't a roach motel.
Roach motel: Easy to get in, hard to get out.
 
Sep 29, 2004
18,665
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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.

EDIT: So both Lothar and Yoxxy are gurufocus subscribers? Not that I am shocked. I think you two would be the most likely AT people to be subscribers. Just surprised that it is as popular as it is.
 
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lothar

Diamond Member
Jan 5, 2000
6,674
7
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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.
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 assume since they lost certification in 2007 (for "whatever the reason" is), if they haven't gotten it back in 3 years, they've probably given up on that all together.

Was never even able to get into RSKIA talkless of getting out.
 
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Kntx

Platinum Member
Dec 11, 2000
2,270
0
71
Just chiming in here. Been selling $10 coverered calls on 500 shares of TIVO every 2 months since June '10. Been making me pretty happy.
 

Imp

Lifer
Feb 8, 2000
18,829
184
106
Picked up some AMD last Thursday. Already up about 10%; I'll be gone within a week or two. Too bad I thought it was risky, and only put 40% of my usual block in. Going strong on Intel news; surprised INTC is virtually unscathed since Monday's announcement.
 

lothar

Diamond Member
Jan 5, 2000
6,674
7
76
F 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://www.bloomberg.com/news/2011-01-28/ford-fourth-quarter-adjusted-eps-30c-est-48c.html
Looks like Ford has been rushing to pay down debt. Good I say.
"Automotive debt, which excludes Ford Motor Credit, was $19.1 billion at the year’s end, a decrease from $26.4 billion on Sept. 30 and $33.6 billion at the end of 2009, the company said. Ford reported that it had $20.5 billion in automotive cash at the end of the quarter, exceeding its automotive debt. A year ago, Ford had $8.7 billion more debt than cash, Booth said."

l also just looked at GM and their debt is $15 billion.

http://www.bloomberg.com/news/2011-...-profit-sharing-checks-to-hourly-workers.html
It seems Ford is trying to pay off it's unions but they're still asking for more saying the $5,000 in bonus checks they received this year is not enough.
According to that article negotiation is due and must be renewed by September or earlier.

http://www.bloomberg.com/news/2011-...automakers-violate-human-rights-update1-.html
That's why I love Honda.

And I 100% agree on not buying GM.
 

thepd7

Diamond Member
Jan 2, 2005
9,429
0
0
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.

Did you ever take that second look at WFR? Up 4% yesterday and 10+% today. NATI is also at all time highs.

I think WFR is a $15.50+ stock. They have significant cash reserves and are coming out of a horrid time for semiconductor positive cash flow and diversified with the purchase of Sun Edison.

NATI had a record year, stock split, still has never had layoffs. Coming through the recession strong as well.

I held on to Ford, if I could have caught it down 4-5% I would have sold but by the time I checked it was already way too low. It will be back up over $18 in 3-6 months.
 

vo

Golden Member
Dec 10, 2002
1,320
0
0
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.

I 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).
 

The-Noid

Diamond Member
Nov 16, 2005
3,117
0
76
I 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).
xxx
 
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vo

Golden Member
Dec 10, 2002
1,320
0
0
I am still scratching my head about MTW ... not so good number but it is on a tear for the past two days.

Any one still owns VHC and MVIS
 

vo

Golden Member
Dec 10, 2002
1,320
0
0
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.
 

The-Noid

Diamond Member
Nov 16, 2005
3,117
0
76
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.

xxx
 
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TheNinja

Lifer
Jan 22, 2003
12,207
1
0
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.
 

vo

Golden Member
Dec 10, 2002
1,320
0
0
Good thing to know. Thanks.
However, I always try to avoid the one with less than 100K average.
 

The-Noid

Diamond Member
Nov 16, 2005
3,117
0
76
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.

xxx
 
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