Saturday, January 17, 2004
There is a teeny drug company that I think bears watching. It is Biosante Pharmicals (BPA). They are teeny, but in the last six months insiders have bought well over 700000 shares. They have some US military contracts to develop an anthrax intranasal vaccine. Since this is often the way anthrax is contracted, it might be a good way to immunize for it.
Their other big thingy is testosterone and estrogen gels to hop up your sex life. They have one for under sexed men and menopausal women and recently have developed a variation on the men's to increase the libido in women which is always popular.
They also have a long acting insulin that they claim is better because it is not an analog of insulin like most that is available but is a pure insulin with their patiented nanotech calcium (aren't all chemicals nanotech? Is this some sexy BS or what?) with it to slow the rate of absorbtion. I wouldn't give this one much of a chance.
High volume buys and high insider buys but risky.
A new one has appeared on both the Reuters and the Yahoo screens. PCTY A company named Party City (now that's my kind of company, or at least it used to be before I became worn out). Retail party supplies. I don't see how they can make enough money in the long run. To me I don't see people having as many parties as they used to have, but maybe I am just not invited. What do you think of the chart??
Friday, January 16, 2004
Does GSOL's low volume indicate that this is a flash in the pan or that insitutions haven't really discovered it yet? It is not well known, to the point that not much data is available. If you look on Thompson FN's site, they don't even show any institutional trading at all.
And look at LU!! The company that discovered the transistor and fiber optics (read "The Day After Roswell"). Some bird colonel says they got it all out of the spaceship at Roswell, NM and seeded the idea into what was to become LU among other places. Anyway, after dying it is now alive and very vigorus. Do they have something new up their sleeve?
And lastly, I have been asked by friends to taste the new Napa Valley wine at Dirt Cheap (grungy little place as a cheap wine place should be). The story is that some guy, in the best capitalist tradition, bought all of the excess harvest from some of the finest vineyards and bottled it up, cheap, and sold it for $2 a bottle (Dirt Cheap is selling it for $3). It is available in Merlot, Cab, and Chardy. We checked out the Merlot first. On opening the bottle I would just about match the bouquet with anybody. Amazing. Not bad taste, a little watery maybe, but a very bitter aftertaste. Maybe vinophiles call this "pepper" but I don't. So I let it sit for 24 hours to breathe and had it with some off the scale lamb chops from Costco (the lamb chops are worth the trouble to harass some friend to take you there). To my suprise, it isn't bad. The bitter taste was gone as was the bouquet and I would have to say that you could really fool a lot of people with this wine AFTER IT HAS A GOOD BREATHING. It is labeled Crimson Ridge, which is what the ridge will look like after the vintner is cut into little pieces by the other wine companies for this venture. Interestingly, unlike my other cheap wine favorite, the Aussie Yellowtail, or whatever it was, this stuff DOES have a real cork, cork, not a plastic one. Farther proof it was probably bottled at a pretty good place.
I wish you would have called me that night so I could have put one in as well.
Thursday, January 15, 2004
Lordy, Lordy you may have a live one there Tom! GSOL looks awful good. Infact I just put in an order for 500 shares for tomorrow morning, Time Segmented Volume, On Balance Volume, Money Stream, and Balance of Power are ALL in gear, with a significant breakout. I'm impressed.
Take a look at the chart on GSOL. It kept coming up on a number of screens including the mother of all screens on Yahoo. The chart looks to me like the breakout was in early Jan and we missed it. But they are still making a lot of money and have excellent cash flow. Is it still a buy?
May the sweat from a herder's turban appear on your upper lip as you meet your new bride.
Gosh, that Nasdaq site really is pretty good. I really like the TC2000 idea of shorting Schnitzer Stell (SCHN) at $50+. So I put in my order. Their idea to short Lenox was not nearly as clear and solid looking to me. And, Frontier Air (FRNT) as a short looks just good, but I liked the profit potential for SCHN - up from $9 last December, is awesome. I'll cover at $56 (10%+). The next stop down looks like a shelf at $37 and another at $25. Fibonacci retracements are 38% and 50% as a norm. That matches almost perfectly those shelves.
Bought TLAB today. After hours last night said it was coming down so I put in an order for 9.7 and it took. I agree about the correction.
Wednesday, January 14, 2004
It is true that on Yahoo Finance it tells you a number on before and after hours trading (but not always), but on the NASDAQ site you can see ALL the trades, how many shares and at what price and get a better feel for what is happening.
May you awake to find a weird holy man fooling with your navel lint.
What to do with the cash from SGI? Liking what I see in the Woden comments on TC2000, I am going with PWAV and TLAB. Good patterns and the support is between 8 and 12% down, making the loss potential very reasonable against the possible gain. The big problem is my gut says we are in for a correction very, very soon. I do hate to be fuly invested before the correction.
Tuesday, January 13, 2004
I put in an order to sell half my SGI at a limit price of $3.00 and got the execution at $3.08, for a 30% gain on the original cash investment about two weeks ago or whatever with half my shares still in my account. I put a stop down 25% from $3.00 and ride the gain to where ever it goes- maximum loss zero --- since a forced sale would leave me a 100%+ gain! These are the one's that get you addicted to playing the game.
With a profit guaranteed, I can move on with my investment funds to find another stock -- diversification with out dilution.
By the way, pre-open prices (after-close/pre-open trading) is available on Yahoo. The price is in red just above the info box when you type in single stock symbol.
Nice website! Thanks! And it is free! On SGI, you could take out your initial investment and play on the house's money with a tight stop set? What did you get in at. My order was never filled in December so I am kicking myself in the ass.
Bert, ICGE is being daytraded, I think. I still have it.
If you hate those pop-up ads, a good add-on is google toolbar. It blocks ads and is a good search tool. I love it: http://toolbar.google.com
I have fleas if anyone needs some.....
Monday, January 12, 2004
Bert says he is selling SGI. Since in afterhours it is up to $3.17, I am going to hold mine, unless it crashes in pre opening trading. I think we both are right because he bought his earlier and cheaper than I did.
And now a word to all of you voyeurs who watch and never contribute anything. SANPVS (Screw all the Non Participating Voyeurs). May the fleas of a thousand camels nest in your hair!!!
Oh yeah, I forgot to ask. But I think I know. IF SGI was up almost 20% today you shouldnt sell until it starts down, right? Even if afterhour and premarket it is selling off? what then? In any case thanks to Bert and Andy for the SGI tip!!!
SGI just got up to $3 in afterhours trading!
I think I mispelled NASDAQ in the site address. It is an A not an E
It is on the NASDAQ official page and is free. They say NASDAQ but it works for all stocks. You go to
www.nasdeq.com/references/MyNasdeqConfig.stm
Then hit "extended market" in upper middle. '
Then at right hit either "premarket indicator" or "afterhours indicator" That tells you what the Nasdeq is doing.
Then hit either "after hours quotes" or premarket quotes" in about the middle right in small print. Then you can type in up to 10 stock symbols and it will show you exactly what is going on in the non open markets. Or are they non open?
They also have a neat thingy where you can type in a stock and it will run your stock through the methodology of a dozen gurus and see what they would say about it. Maybe limited value, but very interesting to fool with.
Today I thought BRLI went up as it was putting in a perfect cup, but it was that they announced blowout earnings for the last quarter. I thought SGI went up for some reason in the chart but it was rec by some broker I never heard of and they announced a new piece of computer equipment that they have develped today. So I am confused but happy. It is sometimes better to do the right thing for the wrong reason, than the other way around!!!!!!
I like to do things that way when entering a position, but who doesn't? Most of my positions are 6-9 months unless the chart goes sour. Tom, is your pre opening data from your broker, or a general web site?
PS I got a little carried away there. They didn't almost triple. The % they went up almost tripled. From like 3 to 4 % to 7 to 16%. Sorry.
I had a curious thing happen this AM. I was looking at BRLI and SGI and the whole market in the pre opening data and they were all up. So I put in an order for both BRLI and SGI. To my suprise they were both filled in the PRE MARKET market and then almost tripled when the market opened. I didn't know this could happen. Did I do right? I thought all weekend that the market should have been up Fri but was hijacked by the jobs data, which are now suspect. Any ideas?
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