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***Official*** 2012 Stock Market Thread

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JTsyo said:
Don't know if the Fed can really help the economy like they are trying. I get the feeling is not credit but lack of demand. Business is not going to expand just because credit is cheap if they can't sell what they make.
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Thats correct. And banks are just parking the cash as excess reserves and/or using it for prop trading. JPM a good example.
 
I had bought at $73. It was up to $76, So I had the limit at $80 and stop at $75.5. It dropped below $75.5 twice and is currently below it at $73.xx I cancelled the order now. Odd thing is twice I received an e-mail saying a trade executed but the order was still open. I have a help ticket in.
 
So what do you all think of Marvell? It seems to be very strong: dividend + huge cash reserves....

Anybody have any ideas why it's sitting in the bargain bin?
 
Dow closes down 250 points. SU down ~7%, so I started a new position. Going to do the edge in again and average cost down (or throw it all in if it rises🙂) - only strategy that's worked so far.

It's beautiful...
 
IHateMyJob2004 said:
Man, I found something 5% off it's 52 week low that looks promising. Still trying to find a reason to buy it or not buy it. On the fence. I'll mention it once i make a move.

market cap is under $100m. It's a company most here have heard of. Even you Canadians. No debt on the books. Current assets minus total liabilities is about half of the market cap. 7 of the past 8 years have been FCF positive including the past 5. Depending on how you look at FCF, it has always been FCF positive.

EDIT: Wow, the FCF margins are tight (FCF relative to revenues) 2%-5% historically. To give you an idea, JNJs ratio is something like 20%.
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Man, it was Build A Bear (ticker: BBW). Tempted to buy it but decided not to. In a recovering economy it could be a good idea especially at current quote.

I'd love for others to look into it.
 
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Dumped SD at 6.80, pretty much have all of my cash out of the market waiting to jump back in. Holding XIDE with a long strategy.
 
Harrod said:
Dumped SD at 6.80, pretty much have all of my cash out of the market waiting to jump back in. Holding XIDE with a long strategy.
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nice. I should have dumped my shares. I had a call option position I closed out when SD was abt about $6.80 but held the stock I had. But I already have a limit order in for more SD stock should it drop tomorrow. I will also consider doing some more options.
 
IHateMyJob2004 said:
nice. I should have dumped my shares. I had a call option position I closed out when SD was abt about $6.80 but held the stock I had. But I already have a limit order in for more SD stock should it drop tomorrow. I will also consider doing some more options.
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I picked it up at about 6.30, then watched it drop down to 5 something. Kindof felt bad for dropping it once it came back up, but glad I did.
 
Harrod said:
I picked it up at about 6.30, then watched it drop down to 5 something. Kindof felt bad for dropping it once it came back up, but glad I did.
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Better than me. I htink I was in at $6.60 or something. COuld have sold off at something like a 4% profit at some point but decided to just dump the options only. Figured that I could always sell SD for more or dollar cost average if it dropped. Looks like I am going to DCA ;-) Which i don't really mind.
 
IHateMyJob2004 said:
Man, it was Build A Bear (ticker: BBW). Tempted to buy it but decided not to. In a recovering economy it could be a good idea especially at current quote.

I'd love for others to look into it.
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Yeah no. BBW is a dead end, money losing bidness. It might be good for a momentum trade but why risk it?

VVUS might go over $30 in 90 days.

z
 
MeowKat said:
Yeah no. BBW is a dead end, money losing bidness. It might be good for a momentum trade but why risk it?

VVUS might go over $30 in 90 days.

z
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Build a bear generates cash (look at free cash flow, not earnings). The problem is that only 2-5% of revenues turns into FCF.

That 2-5% of revs turning into cash is what scares me. Too easy for it to go negative.
 
richardycc said:
ARNA is absolutely crazy, it's trading like the drug has been approved already. I am using the long straddle option strategy so I will make some money either way.
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careful trading ARNA guys. Current valuation for $ARNA assumes $2 billion in annual sales, w/ a multiple of 4x annual sales, 30% royalty - easy short after retail pop. Stock is WAAY overvalued. it's gonna come crashing down, and when it does, it will be quick!
Also apparently there is a huge short interest still
 
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Today, I bought some SD July calls at the $7 strike. Not bad for 10 cetns a piece. All I have to do is hope that it gets to $6.50 in the next week to double that money granted it is play money more than anything that was used. Have a limit order in to buy more SD stock at $5.75.

Also, RIMM is under $10 today so I grabbed a bunch at $9.85. Patents alone are worth $10+ and they have just over $3 in cash/equivilents per share on the books with no debt. And generating positive FCF. I know there are nay sayers but at this price it is a "cigar butt" inveestment. Not sure what that means, look up cigar butt investing.
 
Harrod said:
^What are your thoughts on XIDE? As a long term investment ofcourse.
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Don't know much about hte company. Spent 5 minutes looking over my quick checks (FCF, share dilution, any famous investor own it, balance sheet, etc). Looks like a horrible company. Probably would'nt bother to research it normally. Do you want me to start researching it more?
 
Harrod said:
nope, just was wondering if this stock might go back up to what it was at previously.
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If you think it is going to do better in the future, you need qualitative reasoning to justify it. You need to understand why the quantitative numbers on the balance sheet, cash flow sheet etc are going to improve using qualitative and quantitative reasoning. I probably should explain in a more long winded manner. I could if you would like. But it would take me a while to do so.

To be frank, I don't know the first thing about the company you mentioned. I don't know why it's financial numbers look as bad as they do.
 
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JTsyo said:
I had bought at $73. It was up to $76, So I had the limit at $80 and stop at $75.5. It dropped below $75.5 twice and is currently below it at $73.xx I cancelled the order now. Odd thing is twice I received an e-mail saying a trade executed but the order was still open. I have a help ticket in.
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Talked to the bank over the weekend. Their limit-stop is actually a 2 step stop. First the stop price has to be reached and then the limit price is set. This is to ensure that if it drops too fast after the stop you don't sell it at market. What I was looking for is a bracket sale.
 
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