Jiesen tries to take over the world

[bec1nj]

Cme

Jiesen-I am not much of a chartist, but it looks like CME might have a lot of support at 185 as it has been bouncing off that this week. Good luck!

[RL]

Not My Recommendation

A friend of mine sent this. Chicago Mercantile Exchange (CME) was initially recommended on September 22 at 153, but the stock had been motoring higher before that time for more than a year. We saw big future potential from its myriad futures and options products, and the stock did perform well for a few months. But the market correction has been hard on CME, with the stock diving on big volume many times. Yesterday it fell through support around 190, and we think that's a sign that the Merc's run is over for now. So we advise selling; if you bought with us, your profit should be above 20%. SELL.

[jiesen]

thanks, Bruce. I'm no chartist either, but even I saw the price bottoming out at 184 on this dip. up 6% today, which isn't bad. just 3 more days of 6-7% increases and it's back over 230, and my call is in the money... not too inconceivable, is it? I'd sure like to see that $100 turn into $1000 (or more).

and RL, be sure to tell your friend that $$MM bought this at $225, so selling at $190 is bound to look pretty silly in 6-8 weeks.

[bec1nj]

Chicago etc.

Jiesen-I will be rooting for you; if you want another one (may be boring but who cares) that seems to have a pattern, I have a really good friend who says the chart for NLY is a classic up and down situation.
Bruce

[New-born baby]

What??

Bruce,

What does "NLY has a classic up and down situation" mean?

NLY is a good stock with a nice dividend, and I'd like to grab a chunk below $18 if I could.

[bec1nj]

To Newborn

The reason my friend is so high on it (NLY) is that if you look at the graph of it over the last few years, it goes up to 20,down to 16, and keep bouncing up and down. I don't know that much about the company truthfully so can't recommend or not recommend this one---she is just looking at the chart pattern. Good luck no matter what you do!
Bruce

[RL]

jiesen you sure are right

Talked to my friend? Told me to dump cme didn't do It followed your thinking
sure am glad.

[jiesen]

Talked to my friend? Told me to dump cme didn't do It followed your thinking
sure am glad.

good choice. CME is announcing record futures volume today, exchanges in Euroland are being bid up in merger talks, I see 230 coming for CME right around the corner... let's wait and see for this one, eh?

by the way, thanks $$MM for finding this pick, it's almost as HUGE as you are!

[jiesen]

ngps

OK, I'm on the NGPS bandwagon. With my ACRG proceeds, I put a limit order in for 21.5 and it hit just now. I think this should turn around soon enough.

[stocks54]

I threw the dice and picked up an option for MAR230 CME for $1 ($100 for the contract).

Nice move jiesen,

I missed by 10 cents. Otherwise I would have made 200%. My bid was 10 cents less..

[jiesen]

Nice move jiesen,

I missed by 10 cents. Otherwise I would have made 200%. My bid was 10 cents less..

yep, that's what market orders are for. sorry you missed the ride. it's been fun so far!

[billyjoe]

Jiesen,
I've been trying to research the amazing GMSV, but keep running into outrageous facts such as: has been sold under 5 different symbols before GMSV and 3 different symbols at the same time. Was once known as AFRT or was it FART? Apparently as their symbol changes so does their expertise. They once were the global leader of fire retardant chemicals. Now they are the global leader in materials and services. I guess that's what IBD means when they say "go with the leaders in the group".
billyjoe

p.s. they just bought out a real good company for 9.95 so there might be a big advance soon

[jiesen]

well, whatever they paid for it, they got a real steal, since they paid in GMSV stock! by the time the ink was dry, the stock had probably fallen another 50% or so.

anyway, I just sold my ~1% XING shares for 8.25 (felt bad about passing up the opportunity to sell at 8.6 yesterday morning), about a half dollar gain from where I got them. I put the money into NGPS, to double up at $20. I'm still convinced NGPS is going to pop back up any day now. Besides, it's a good thing for me to diversify my communications holdings, since I'm so overweight in XING right now.

[New-born baby]

Ngps

Jiesen,

Thanks for the info on NGPS. I wanted to ask you if you got stopped out of this stock because I know the buy point was 21.50, but I didn't want to be rude and ask.

Let me ask you this: what is your exit strategy if it falls to 18.50, or to 16.50? Will you still ride this thing down? I just would like your perspective on exit strategies to the downside.

Thanks!

[jiesen]

Jiesen,

Thanks for the info on NGPS. I wanted to ask you if you got stopped out of this stock because I know the buy point was 21.50, but I didn't want to be rude and ask.

Let me ask you this: what is your exit strategy if it falls to 18.50, or to 16.50? Will you still ride this thing down? I just would like your perspective on exit strategies to the downside.

Thanks!

Actually I'm still working on the exit strategy. I am sort of rushing into this, since the price is so good here. When I know enough about it to decide whether to put a stop in or not, I'll let you know. For right now though, I'm not selling NGPS without some serious bad news. FWIW, one of my tenants is a NVTL employee, and has given me some good info on this company, and I may try to hit him up for some more.