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Post by bankedout on Sept 4, 2012 10:43:25 GMT -5
Today I purchased another 200 shares of SGRP at $1.97
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Post by bankedout on Sept 4, 2012 11:09:24 GMT -5
I sold my shares in HITK this morning at $35.78 My Uncle still owns the stock. They are announcing earnings tomorrow and I don't want to be involved with that potential volatility. I want to put my money to work elsewhere. This was the final stock I was following my Uncle on. The current portfolio is now filled with my picks.
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Post by blygh on Sept 4, 2012 20:08:33 GMT -5
I think that is a smart move. One theory of investing is that you can profit from researching information. Once that information becomes public - as with earnings announcements - the advantage is lost. I have noticed that stocks tend to fall after earnings announcements - even when earnings are good - unless earnings are really outstanding. Good stock researchers do things like flying over a factory on a Saturday to see if there is overtime work, putting truck counting gadgets near factory exists, staking out stores to measure traffic and product restocks. My point is that information is expensive and hard to get and unless you have good information it may be a good idea to take profits before earnings announcement.
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Post by bankedout on Sept 5, 2012 9:42:32 GMT -5
I decided to use the proceeds from HITK to overweight my 3 best picks instead of buying a new stock. I bought 100 more shares of GV @ $2.23 Insiders are buying, the business is more than doubling, it is trading at about a 1 price/sales and a 10 price/earnings. I bought 100 more shares of SGRP @ $2.00 The business is growing at about a 53% pace, it is trading for about .5 price/sales and 18 price/earnings. I bought 100 more shares of CPSS @ $2.96 The business is growing at about a 42% pace, it is trading for a .85 price/sales, and I'm guessing the price/earnings will be about 15 next quarter. In the image below, Trade Price=average cost per share, Mark=last price.  Also after the close today WZE will have a dividend of one of their businesses they are spinning off. |
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Post by bankedout on Sept 5, 2012 11:15:13 GMT -5
I read the prospectus for Future Healthcare of America, which is the company that WZE is spinning off tonight.
It plans to trade on the OTC BB, the ticker symbol is still unknown. Perhaps it will be known tomorrow.
It looks like it is doing about $0.43 per share in revenues, which are growing at about a 34% rate.
EPS and Cash From Operations is about $0.02-$0.06
They plan to grow aggressively through acquisitions.
I'm guessing the market will be very thin for the stock, and some of the new holders will not do their homework and will want to dump their stock. Being on the OTC BB it might be worth putting in a super low bid to pick up shares.
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Post by bankedout on Sept 7, 2012 9:28:08 GMT -5
Today I bought another 50 shares of CPSS @ $2.92
I had a little bit of money left over in my account, and I wanted to put it to work. I thought I would be able to low ball some Future Healthcare of America, but according to WZE's press release yesterday that is delayed.
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Post by sd on Sept 7, 2012 19:19:56 GMT -5
This may not have any relevence to the OTC-
I recently read a post somewheres from a trader that seeks to get filled on mini flash crashes- He claims the exchanges will Null and Void any fill that is is over 60% below the prior close- I don't know if this is accurate or applies to the OTC BB.
Good Luck- SD
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Post by bankedout on Sept 7, 2012 22:55:45 GMT -5
Thanks for the tip sd. I think the OTC BB is more of a free for all. I'll let you know how it goes. Judging by the press release this shouldn't start until around October 1st.
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Post by bankedout on Sept 14, 2012 16:19:10 GMT -5
I have 3 stocks I want to add to my portfolio. However I do not have the cash to purchase them. None of the 7 stocks I own are in a technical position where I want to sell them. 2 of the 3 stocks I want to own look like they should be purchased immediately. What do you do in this situation?
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Post by sd on Sept 14, 2012 20:56:05 GMT -5
I was trying to think of creative solutions:
Borrow the money from friends or family
Second mortgage
Take money from your retirement plan, just be sure to expect the stock appreciation to exceed the tax and penalties.
Have a garage sale
Sell the car and buy a scooter, Hope for a quick gain to purchase another car before winter.
Work a 2nd job, with a starting bonus.
Check under the mattress-just in case.
The one tenative solution would be to sell 1 position and purchase options onthe position you sell and the 2 you want to purchase.
Good Luck, SD
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Post by bankedout on Sept 18, 2012 10:57:56 GMT -5
I thought about what to do with my portfolio, and decided I do want to own some new stocks. However I am not willing to completely exit any of my current stocks. So this morning I took my total portfolio value and divided it by 11. I then put in sell orders to reduce any current holdings to that size, and when those orders were filled I entered orders to purchase new stocks. In the end I should have 11 stocks where each position is about the same size. I'll update with a transaction list at some point.  |
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Post by bankedout on Sept 18, 2012 12:06:39 GMT -5
Today I purchased 87 shares of IMH at $7.18  |
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Post by bankedout on Sept 18, 2012 21:32:14 GMT -5
Transactions from today:
Sold 206 GV $2.12
Sold 60 STRM $4.44
Sold 163 CPSS $2.78
Sold 161 CPSS $2.76
Sold 54 WZE $4.30
Sold 109 MSON $3.27
Bought 160 FONR $3.89
Bought 87 IMH $7.18
Limit sell on SGRP did not fill
Buy stop on RFIL did not fill
I also plan to purchase MTSL
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Post by bankedout on Sept 27, 2012 10:52:36 GMT -5
Today I closed my position in GV. I'm poised to re-enter if the stock starts acting better. My transactions with GV were: B 190 $2.12 8/24/12 B 110 $2.19 8/27/12 B 100 $2.29 8/30/12 B 100 $2.23 9/5/12 S 206 $2.12 9/18/12 S 294 $1.94 9/27/12 Also on my radar for purchase are: CSPI MTSL RFIL WSCI Current holdings are: CPSS 226 avg cost $2.63 FONR 160 avg cost $3.89 IMH 87 avg cost $7.18 MSON 191 avg cost $3.08 REED 100 avg cost $3.17 SGRP 600 avg cost $2.05 STRM 140 avg cost $4.12 WZE/FU 146 avg cost $4.49  |
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Post by bankedout on Sept 28, 2012 11:06:38 GMT -5
The trading symbol for Future Healthcare of America is FUTU. It might start trading next week? That was the company which WZE spun off as a dividend to shareholders. Also WZE symbol changes to FU on October 9th. It should be interesting to see what happens with both stocks. I do still plan to put in some low bids on FUTU. My thoughts are that at first the market will be illiquid, and people will view the stock as a free gift that they want to cash in. I hope that is how it plays out.
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