Peanut's Potent Plethora of Profit

[billyjoe]

While shooting elephants in Africa I found the tusks very hard to remove, however , in Alabama , the Tuscaloosa-----Groucho Marx

----------billyjoe

[DSteckler]

But did you shoot the elephants in your pyjamas?

[New-born baby]

Northport, Anyone?

Are you from Northport?

(Say "yes").

Is your name "Patrick Michael Griffith?"

[peanuts]

Are you from Northport?

(Say "yes").

Is your name "Patrick Michael Griffith?"

I am not from Northport

[New-born baby]

I am not from Northport

Yes, you are from PA, but is the house the parents own in Northport?

Okay, so I need to try again.

[IIC]

Michael Andrea Moore...Too Easy...Next Question for my Crystal Ball...IIC

[peanuts]

Michael Andrea Moore...Too Easy...Next Question for my Crystal Ball...IIC

'Moore' is a fairly common name

[IIC]

'Moore' is a fairly common name

Yeah...so???

[IIC]

My second guess is Michael Duke

[IIC]

hehehe No, I am from Pennsylvania, but my family has a house in Alabama, and it's not in Tuscaloosa, but very close to Tuscaloosa.

How do you pronounce Ng?

Pronounced eng

[jiesen]

Pronounced eng

Unless it's Tagalog. Then you'd pronounce it 'nung'.

[peanuts]

My second guess is Michael Duke

'Duke' is a fairly common name.

Don't you remember the surname uniqueness score?

[peanuts]

MOMO update

CURRENT MOMO PORTFOLIO:

USLM, avg $29.8961 ( re-established full position 9/15, new avg price )
CADA, avg $19.90
TIII, avg $3.0873
LOGC, avg $1.974 ( trimmed 1/3 of position 9/15 )

With the current market conditions, I have determined that I need to clean up this portfolio. During this week, I have been doing a lot of selling:

9/26 and 9/27 sold 100% of LOGC at prices ranging from $2.83 to $2.73. With all the math involved, it comes out to a 41.34% gain in about 35 trading days or a little less than 2 months.

9/27 sold 100% of CADA at $19.70 and $19.90. With all the math, it comes out to a loss of 0.3%. The chart looks bearish to me and I have been expecting better movement with the stock. The money has basically been dead since July 19th.

I have maintained my current full position of USLM and TIII. USLM has been beaten down lately. This is most likely attributable to the current NG reserves which are priced into the stock. I am still very positive on the future for this company. TIII is steadily moving up since reaching a bottom in late August.

Current MOMO positions:

USLM avg price $29.8961
TIII avg price $3.0873
approx 40% is CA$H

[peanuts]

CBRE Financial

These guys are pretty HUGE around here (Pittsburgh). The IPO is today. I picked up a few shares at $15.25. The ticker is CBF

[peanuts]

from skiracer's stock slopes:

(from another thread)

I see that you exited AEIS today @ $17.10. Can't argue with success and taking profits. Good play. I'm still in the position and looking for it to break $17.40 and possibly go to $20 range...

Thanks, but I did not exit AEIS, I trimmed the position at 17.10 instead of my initial target of 17.40. I had another place for that money. I still hold the majority of my AEIS position. I plan on selling a portion of the position at $22.50. My plan is that I will sell enough stock of AEIS to equal the amount of my intial investment, and then let the profits run (free shares). Here's an example of what my plan could be:

buy 1000 shares AEIS at 16.15 - total inital investment of $16,150.00
sell 333 shares AEIS at 17.10 - $5,694.30
sell 465 shares AEIS at 22.50 - $10,462.50
total shares sold = 798, with proceeds of $16,156.80

After the second time that I sell, I still have 202 shares valued at $22.50/share and I also have the same dollar amount that I had when I started... so, the shares are essentially "free"

Another good aspect of this plan, is that by taking those early profits, I can stand to exit the remaining position at a lower pps than what I had initally paid, and still break even, or even profit. for example:

buy 1000 AEIS, $16.15- $16,150.00
sell 333 AEIS, $17.10- $5,694.30
sell 667 AEIS, $15.68- $10,458.56
total shares sold = 1000, proceeds of $16,152.86

so, I can take a 3% loss on 2/3rds of my position if I take a 6% gain on 1/3rd of my initial position and still be able to record a net breakeven on the trade. This is how I make money and minimize my risk as well. I do this with many of my positions.

I also walk into my major positions... buying in chunks at differring pps, rather than buying a bulk amount all at once. I have only picked up a small part of my targeted AEIS position, so far... I was tempted to pick up a few more shares today, but refrained from getting too excited.