Jiesen tries to take over the world

[Websman]

You make a good point about getting in at the worst looking times. I think that now is the time to start buying oversold stocks. I'll be looking for bargains over the next week or so. It's time for me to quit daydreaming and get back to work...

[New-born baby]

Ngps

Jiesen,

Here's an honest question: what to do with NGPS now? Its moving upwards today and may hit $20. Is your target still $30? Runner says it may be range bound at $24. What's your call? Anybody who can handle MRK like you did ought to know a lot more than I.

[jiesen]

Jiesen,

Here's an honest question: what to do with NGPS now? Its moving upwards today and may hit $20. Is your target still $30? Runner says it may be range bound at $24. What's your call? Anybody who can handle MRK like you did ought to know a lot more than I.

My thought for now is to hold it. The price action is somewhat disappointing to me, dropping below 20, but I think investors are just spooked into selling right now, and it'll take more than a $2 drop to spook me out of NGPS. The CEO states that they're on track to make record profits, and I believe him. I don't see anything new since we were at $20 that would make me less likely to hold on for at least 25-30 near term. Long term, I expect to see this back to making new highs in the 50-60 range within a few years.

Sure, I'd rather be in the green on this than at $19, but when you consider that I moved money out of XING at $8+ to pick up NGPS at $20, I'm still ahead on the switch... I wish I had traded even more of it for NGPS! (I still might)

Anyway, that's my thought on NGPS. Right now, I'm taking a look at AGYS. What's your opinion on this one?

[jiesen]

I hate to admit defeat but...

closed the ~1% XING position at 6.5 today. It hit my mental stop, and I took some time to think about it, but had to suck it up and take the loss ($0.6). Of course the minute I did, XING moved back up to 6.6, but those are the breaks.

Anyway, I bought some Jun $10 calls for 0.3 just in case, so I won't be kicking myself too hard when this bounces back to $12 overnight.

[jiesen]

Bought a very small ELN position today at 5.6

I figure nobody else wants it right now, but it has to be worth something! When everyone else figures that out, I'll sell it back to them.

[New-born baby]

Eln/MRK

Bought a very small ELN position today at 5.6

I figure nobody else wants it right now, but it has to be worth something! When everyone else figures that out, I'll sell it back to them.

Jiesen,

I didn't think MRK was a good buy, and you made the big bucks off of it.
I don't like ELN at this time, so you ought to be able to retire off of it.

But my observation is that it has had huge volume this week, 150m shares on Monday, 99m Tuesday, 75m Wed and another 125m yesterday, plus todays 75m, and that screams [no whisper on this chart] to me that the institutions are leaving ELN. If Tysabri doesn't come back, they have nothing to sell. And their debt was downgraded yesterday.

Wishing all the best for your investment in ELN.

[scifos]

Tysabri will be back on the market for sure. Probably this year. Now, it's not what it used to be, but I think right now going long isn't a bad move. Just don't bet the farm.

[jiesen]

Jiesen,

I didn't think MRK was a good buy, and you made the big bucks off of it.
I don't like ELN at this time, so you ought to be able to retire off of it.

But my observation is that it has had huge volume this week, 150m shares on Monday, 99m Tuesday, 75m Wed and another 125m yesterday, plus todays 75m, and that screams [no whisper on this chart] to me that the institutions are leaving ELN. If Tysabri doesn't come back, they have nothing to sell. And their debt was downgraded yesterday.

Wishing all the best for your investment in ELN.

I don't think they're leaving anymore. I think they've already left. But when Tysabri comes back on the market, or when the data's analyzed to show that risk/benefit is still acceptable, they'll be back, and ELN will be back to $20 again. $5.6 is a pure panic price- $7 might be fair for the time being. Any lower though, and I may panic too, since ELN is on shaky ground with their high debt- but also with the debt downgraded yesterday, that just means it's going at a discount now. But the show will go on, and the bills will get paid, I'm 51% sure of it.

Oh, and I haven't sold MRK yet, so I wouldn't say I've made big bucks until that chicken hatches, so to speak. The only thing I've made so far on MRK is a dividend, which isn't exactly huge money, but not too shabby either.

[jiesen]

sold ELN

got out today at 6.5. I am sure this will be higher eventually, but getting 15% just over one weekend will be enough for me right now.

I may get back in if it gets back under 6 (that was a pretty insane price I got). But for now I'll just be happy holding my profit.

Good luck with the short, Spike!

[New-born baby]

Genius or what?

got out today at 6.5. I am sure this will be higher eventually, but getting 15% just over one weekend will be enough for me right now.

I may get back in if it gets back under 6 (that was a pretty insane price I got). But for now I'll just be happy holding my profit.

Good luck with the short, Spike!

Jiesen,

Is "Jiesen" German for "genius?" I wouldn't have touched ELN with a ten foot pole . . . .

[jiesen]

Jiesen,

Is "Jiesen" German for "genius?" I wouldn't have touched ELN with a ten foot pole . . . .

Well, it seemed like nobody would. But somebody had to, and it might as well be me!

[spikefader]

Nice trade on ELN!

P.S Thanks, but I'm not liking it short so much now. I'd like it to form it's flag pretty quickly and fall by eod Friday

[jiesen]

Nice trade on ELN!

P.S Thanks, but I'm not liking it short so much now. I'd like it to form it's flag pretty quickly and fall by eod Friday

Thanks, Spike! It was a risky play, I admit, which is why I only put a small chunk of change down. But I'm glad I did.

[jiesen]

Well, it seemed like nobody would. But somebody had to, and it might as well be me!

Ah, here's the idea I was going for:

"And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."

Source, anyone? I think everyone should have read it by now.

[New-born baby]

Ah, here's the idea I was going for:

"And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."

Source, anyone? I think everyone should have read it by now.

Jiesen,

You've just taken the fear out of me, and now I am greedy. Let's short this dog!