***Official*** 2011 Stock Market Thread

[Azurik]

I sold that pump and dump yesterday and this morning, too much selling pressure - didn't go as high as I wanted, but still made for a nice gain.

In at $1.25 and out at $1.56, $1.51 and $1.43.

NITE (a market maker) threw in the towel and gave up supporting it so now it's in a free fall. Shown in Level II. This is what happens when too many people are "in the know" about a potential pump. They buy so early and dump it conservatively causing a headache before the pump actually happens.

That's another free lesson. People who receive my stock alerts should take heed - it never (NEVER) helps you to share with friends. Your friends will tell their friends and their friends will tell their entire family. It gives you less profit than you want. LEXG was a closely guarded secret for a while, while AVVC blew up in people's faces because of it.

Profit is a profit, but I just wanted it to hit $1.75 or so before I sold.

 

[jessieqwert]

Anyone else tired of this see-saw? The market doesn't seem to have a readable trend at all this year.

Half joking but it's tough to work with

 

[Imp]

Anyone else tired of this see-saw? The market doesn't seem to have a readable trend at all this year.

Half joking but it's tough to work with

If I wasn't all in and already losing money, I'd have pulled everything out and sat this out. Looks like it's going nowhere until the Fall. At the same time, I'd like to think that all my positions are at rock bottom (near/at 52-week low), so it'd be stupid to pull it out now.

 

[KB]

Anyone else tired of this see-saw? The market doesn't seem to have a readable trend at all this year.

Half joking but it's tough to work with

I figured the 20 - 30% yearly increases couldn't last forever.

The (obvious) trend I have seen is that the market raises during earnings season and falls in-between earnings. If I was more confident of this trend I would have pulled all my money out in early May. Instead I just pulled out about 15%. I will put it back in before Alcoas next earnings report.

 

[IHateMyJob2004]

As for the markets, I think the Dow should be over 14,000 if unemployment got better. Since most of those unemployed are in the construction industry, we really need a turn there. I see both correcting in lock step. It is when?

More tax breaks for first time home buyers would be good.

 

[IHateMyJob2004]

FINALLY,

Found a stock with a beautiful balance sheet. Not much room for growth but they are FCF positive while tey are reducing share count almost every year. Current quote is 40 cents to buy a dollar. Basically means it is 60% undervalued.

When DD is done I will reveal the stock.

EDIT: Share count has dropped 2.5% per annum over the past 10 years.

EDIT 2: 35% of stock owned by executives and "family". Yes, this si a small company. Yield is also nice. 4%-6% range without giving to much info that could be used with screeners.

 

[SSSnail]

Some of us should start our own subscription based newsletters .

I think the DOW overall should be around a healthy 12,000.

 

[richardycc]

KBLB is running...CIGX took a nosedive last night or was it a bear raid...like a sucker I bought back some at $4.53.

 

[FelixDeCat]

KBLB is running...CIGX took a nosedive last night or was it a bear raid...like a sucker I bought back some at $4.53.

No worse than TBBC.ob, down 23% today. Ah the life of a penny stock scam.....or was it? :sneaky:

 

[Azurik]

No worse than TBBC.ob, down 23% today. Ah the life of a penny stock scam.....or was it? :sneaky:

Support of the pump broke down early yesterday. Friday's g/r was the turning tide IMHO. $1.25 to $1.61 is still pretty good. I was hoping it to hit $1.75-$2.00, but too many people got in pre-pump and ruined the nice looking chart.

 

[FelixDeCat]

Support of the pump broke down early yesterday. Friday's g/r was the turning tide IMHO. $1.25 to $1.61 is still pretty good. I was hoping it to hit $1.75-$2.00, but too many people got in pre-pump and ruined the nice looking chart.

After looking TBBC over I couldnt understand the run up on volume..

What I hope to find is the next DDRX (who doesnt). A true turnaround story, the stock went from under $1 to $35.00 in less than a year. After doing a little research I found that the Motley Fool was banging the drum against DDRX when it was $17, citing limited growth prospects, lackluster margins and the rapid price increase from .59(?) to around $17. Not long after that article was published, Peet Coffee offered $26 a share for the entire business. Not to be outdone, Green Mountain Coffee offered a competing bid of $35.00.

TBBC was no DDRX but it served its purpose....the early bird's worm.

 

[richardycc]

After looking TBBC over I couldnt understand the run up on volume..

What I hope to find is the next DDRX (who doesnt). A true turnaround story, the stock went from under $1 to $35.00 in less than a year. After doing a little research I found that the Motley Fool was banging the drum against DDRX when it was $17, citing limited growth prospects, lackluster margins and the rapid price increase from .59(?) to around $17. Not long after that article was published, Peet Coffee offered $26 a share for the entire business. Not to be outdone, Green Mountain Coffee offered a competing bid of $35.00.

TBBC was no DDRX but it served its purpose....the early bird's worm.

I was gonna buy DDRX when it was 50cents, then it gone up 25cents in that day I was gonna buy some, and I was like that's overpriced, screw that now.....oh well.

 

[Azurik]

After looking TBBC over I couldnt understand the run up on volume..

It was a pumped stock - that was the only reason why. I found another one within 2 days of mass accumulation today - the alert went to several ATOT's too who can vouch for it being legitimate.

Wall Street is crooked, especially the pennies. You just have to turn that knowledge into something you can profit from legally.

 

[richardycc]

It was a pumped stock - that was the only reason why. I found another one within 2 days of mass accumulation today - the alert went to several ATOT's too who can vouch for it being legitimate.

Wall Street is crooked, especially the pennies. You just have to turn that knowledge into something you can profit from legally.

Cmon man, share the info. We've all been sharing our knowledge freely all these years, that's the reason why these stock market threads are so popular.

 

[FelixDeCat]

Cmon man, share the info. We've all been sharing our knowledge freely all these years, that's the reason why these stock market threads are so popular.

I think his insiders get the first whack because they pay for it. But we get tipped off soon enough.

 

[Azurik]

I think his insiders get the first whack because they pay for it. But we get tipped off soon enough.

Correct

I still love you guys, I never hide any information from you. Plus, if you have any questions, I'll always answer them. I've been around here for ages, nothing is going to change!

 

[IHateMyJob2004]

What the hell is going on wit this Net Net?

http://www.google.com/finance?client=ig&q=NASDAQ:MEAD

is it some sort of pump and dump?

 

[fire hazard]

FINALLY,

Found a stock with a beautiful balance sheet. Not much room for growth but they are FCF positive while tey are reducing share count almost every year. Current quote is 40 cents to buy a dollar. Basically means it is 60% undervalued.

When DD is done I will reveal the stock.

EDIT: Share count has dropped 2.5% per annum over the past 10 years.

EDIT 2: 35% of stock owned by executives and "family". Yes, this si a small company. Yield is also nice. 4%-6% range without giving to much info that could be used with screeners.

How do you decide on where to start looking when you look for undervalued stocks?

And can someone recommend a good resource to use to learn how to value a stock? I'd like to look at a balance sheet and have a better understanding of what everything means.

 

[SSSnail]

Cmon man, share the info. We've all been sharing our knowledge freely all these years, that's the reason why these stock market threads are so popular.

One of these days when I'm motivated enough I'll make a "Pennies - How To" post. It's all about following the pumpers, nothing special to it. These people then create a network of "investors" so that when they send out the "alert", it artificially creates a movement in the volume, thereby substantiating the pump. When this sudden change in volume occurs, it draws more people in, create a healthy dumping environment. It's a scam, but, if you can live with that, then stay tuned.

It's OK, I won't charge.

 

[Azurik]

One of these days when I'm motivated enough I'll make a "Pennies - How To" post. It's all about following the pumpers, nothing special to it. These people then create a network of "investors" so that when they send out the "alert", it artificially creates a movement in the volume, thereby substantiating the pump. When this sudden change in volume occurs, it draws more people in, create a healthy dumping environment. It's a scam, but, if you can live with that, then stay tuned.

It's OK, I won't charge.

Good strategy to use 10 years ago during the dot com boom and bust, but not quite as effective anymore. If you follow the pumpers you're a step too late in the modern day pump-n-dump strategy. See AVVC for an example of insiders only making money and pumpers and their "investors" losing their shirts.

You have to get as close to the insiders as possible. How do you screen for pennies? How much is the company spending to pump? Which market makers are in on it that will support the bid when pre-pumps shake the chart by selling? How can you research a company within an umbrella company within another umbrella company?

If it was as easy as following pumpers everyone would retire from their day job and do this all day long.

 

[SSSnail]

Good, but not perfect. If you follow the pumpers you're a step too late in the modern day pump-n-dump strategy. See AVVC for an example of insiders only making money and pumpers losing their shirts.

I never went into detail, as I'm not that motivated yet. And yes, nothing is perfect, there's always risks involve. Following the pump is just one of many first steps, but usually the first. Pumps come in waves, so as long as you get in on early waves and get the hell out, you'll still make money.

I haven't done this for a while now, but I can usually smell a pump very quickly.

 

[Azurik]

I never went into detail, as I'm not that motivated yet. And yes, nothing is perfect, there's always risks involve. Following the pump is just one of many first steps, but usually the first. Pumps come in waves, so as long as you get in on early waves and get the hell out, you'll still make money.

I haven't done this for a while now, but I can usually smell a pump very quickly.

You're pretty fast I edited my posts a lot to include more detail.

 

[IHateMyJob2004]

How do you decide on where to start looking when you look for undervalued stocks?

And can someone recommend a good resource to use to learn how to value a stock? I'd like to look at a balance sheet and have a better understanding of what everything means.

I havn't read it yet but this is supposed to be a good start:
http://www.frankvoisin.com/2011/06/...w-to-value-a-company-pick-a-stock-and-profit/

FWallStreet.com has one of the best DCF explanations I have ever read. Search for it. It basically breaks down JNJ.

Remember that valueing a stock is the easy part. The hard part is the time you need to spend reading annual reports. Whcih can be pretty quick once you understand their structure and can get throug hte important parts quicker.

I have a limit order in to buy the company I referenced. If it goes throguh today (good chance given the unemployment numbers), I'll let you in on it.

Hoping to dump my JNJ LEAPs at a tidy profit.

 

[IHateMyJob2004]

WTF: MEAD up 11% today. It's volume at 10:30 am is already above it's daily average.

Up 40%+ in two days;
http://www.google.com/finance?q=NASDAQ:MEAD

What sucks is that I almost bought them because they are a Net-net. I've owned them in the past. I would have paid in the $3s. But I would have sold in the mid to high $4s. Still. WTF

 

[IHateMyJob2004]

Iguess i should have just read the 10-K. Anyways. tehy are now FCF postiive. Have no debt and as a Net Net, they are worth $10m. Has a $6m market cap.

http://www.barelkarsan.com/2011/06/meades-discount-instrumental.html