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On paper the fundies and the graphs look good if the numbers haven't been tampered with.
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I recently bought AAMRQ based on fundamentals as well as some technical analysis. Was so caught up in analysis I didn't even think about the upcoming merger with LCC to form the new American Airlines AAL. Was down over 10% at one point last week and closed the week at -8.67%. Nobody knew what the conversion rate to the new AAL stock would be. The message boards say it has been posted at .665 of a share for each share of AAMRQ. If that is correct, I've gone from down 8.67% Friday to +43.87% today. That's too good to be true. I'll find out shortly as it's not posted on my account yet.
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I put in an order for SSRI calls this morning. Have some SLW too and considering some RGLD.
Filled: Got the June $6.00 strike for 1.25. Was hoping to get in at yesterday's price of 1.00, but they are moving today.Comment
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and after 1 month, GNVC has popped over 2.85... how about them apples?Originally posted by jiesen View Post
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Reminds me of this scene from Good Will Hunting
Tim - Retired Problem SolverComment
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I'm back in GNVC at 2.1. I think it's still got another 20%+ to run.Originally posted by jiesen View PostComment
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Last buys of 2013 : PLNR 2.47, BLDR 7.17, HTH 22.66, GIII 72.75 all have upward trending EPS and most have upward revisions for next quarter. HTH is my sleeper being in one of the strongest industry groups, top 10 in EPS growth, top 10 in sales growth, and top 10 in EPS/PE.
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GNVC just ran from 2.0 last week to 2.37 today, now 2.32. Another 0.1 or 0.15 to go, and I'm cashing in!Originally posted by jiesen View Post
Happy New Year!!Comment
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Sold my GNVC this week at 2.5, and put the money into CDOC at just under a quarter per share. I think this one could run up to a buck in a month or two, given the trajectory it's on:
Thanks, $$MM, for finding this little gem in your latest dump!Comment
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Currently on above stocks : HTH--+11%, PLNR--+15.04%, BLDR--+7.95%, GIII- -1.66%. The big news is first sell of the year, 50 shares SCTY, Sold + 85.54% or $1678. Bought 6/25,8/14. Started buying at 15.78 Feb 6th. Made $$ many times on this one. Currently like BITA, DAL, OZM, KKR. Being very selective in 2014. Hope to have 66.6% success rate, not as good as Mr.Market, but not bad.Originally posted by billyjoe View Post
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Billie you are the cup and handle expert ........would FITX Qualify? http://scharts.co/1aqoICfComment
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Phoenix, According to my limited knowledge, the cup has formed too fast and the right side is too extended, but then there's always exceptions to the rule. Funny thing is that Swing Traders swear that a cup can take 2 or more years to form, whereas I'm thinking mostly in terms of 2-3 months.
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Bought 300 LCAV @4.29
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The day I first mentioned JAZZ it closed at 57.68. Today it closed at 156.72 that's + 271.71%...................and I never bought it. Can't remember, it either missed my bid by .25 or I had all my funds in stocks at the time. I did buy SODA and luckily got out with a nice gain.Originally posted by billyjoe View PostHow about a thread for stocks that we think are about to break out or break down? We could follow with a short report maybe 30 days later telling what if anything important happened.
My first 2 picks are SODA and JAZZ. Both will report earnings soon and if they beat estimates, watch out , they could really make a move.
JAZZ has been consolidating. Look at this chart: http://bigcharts.marketwatch.com/qui...ow=True&time=7 a small false breakout yesterday. Volume has been relatively low. Excellent PEG ratio and earnings projection is outstanding.
SODA is building the right side of a cup. Also great earnings projected, excellent PEG, and is highly recommended by analysts.
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[QUOTE=billyjoe;118596]I recently bought AAMRQ based on fundamentals as well as some technical analysis. Was so caught up in analysis I didn't even think about the upcoming merger with LCC to form the new American Airlines AAL. Was down over 10% at one point last week and closed the week at -8.67%. Nobody knew what the conversion rate to the new AAL stock would be. The message boards say it has been posted at .665 of a share for each share of AAMRQ. If that is correct, I've gone from down 8.67% Friday to +43.87% today. That's too good to be true. I'll find out shortly as it's not posted on my account yet.
Update, I originally bought 240 shares of AAMRQ for a little under $3000. After the merger with LCC to form the new AAL my account showed a loss of 87% with me getting 15 new shares AAL. At the 30 day mark of the merger they put 31 more shares in the account so I still had a loss of over 50%. The formula for converting shares is based on a price average for the new AAL. Today the 2nd distribution was paid and 42 more shares for me . A total now of 88 shares at 35.62 or $3136. I'm in the green with 2 more distributions in March and April and possibly a bonus after that. Anyone who sold their AAMRQ before the merger was finalized lost out. I was down over 10% less than a week before the merger.
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