Portfolio of the Week

[spikefader]

My pick is going as planned haha ya right. Last week my silly pick started so strong it gave itself a heart attack and died....this week my pick is starting in the red so does this mean it will finish strong by Friday! Gawd I hope so. I think I'll sign up for Vulcan classes if the pointy-eared legend ever runs one hehe Webs, how bout it dude.....run a public lesson on how to pick a winner for POTW! Me and Lye will be first on the sign up sheet! I think rule No.1 for me is don't short when you're a screaming bubble-lovin' bull!

[IIC]

Love this Bull!!!! How bout you fellas?

Here's the score....

http://img490.imageshack.us/img490/5...w1122053rz.png

The bull is fine...until it crashes...be prpared for a big pullback by the end of the month...If it happens, then watch for a nice run the last 3 weeks of the year...and watch retail ...especially women's apparel...that's what my chrystal ball says anyway:

http://www.imagi-nation.com/moonstruck/question.html

[Karel]

CNVR.... That Stupid thing was just up 25%!!!! What is going on! I'm stickin with my short.... It could just as easily crash 25% now.lol

I am not so sure about that Lye: this stock is owned for 40% by insiders and for 50% by institutions. Institutions and Mutual Funds hold 83% of the float. The Allen family seems to control about 55% of the shares. No institution, fund or insider seems to be really selling. The low free float may give you quite unexpected results, though, so you might get lucky (or the opposite). But what do I know?

Regards,

Karel

[skiracer]

Love this Bull!!!! How bout you fellas?

Here's the score....

http://img490.imageshack.us/img490/5...w1122053rz.png

Lye,
You changed the rules just so that you could avert situations like this with our picks. Down over 13% in 2 days! Regardless of how well and fat you're doing in your personal portfolio it's not indicative an has nothing to do with what we're trying to accompolish here. If you were swing trading this stock in your personal portfolio would you still be holding on in hope of it changing direction? You really should consider exiting any loss over 7% and pick something new to try an recoup some of the loss to try and make the overall % of the POTW portfolio stronger. It's really bringing the rest of the portfolio down an isn't a fair indication of what we can do an how good we are. Spike and BJ, in their test portfolio's, would have exited their positions by now an added to their stronger positions. Still 1 1/2 days left to make some move to try and strengthen the POTW results. Lets treat it like it's our own money. Isn't that what you've been trying to get across to the rest of us?

[Karel]

[...] It's really bringing the rest of the portfolio down an isn't a fair indication of what we can do an how good we are. [...]

No it isn't, but as far as I understand Lye, the POTW doesn't count... which makes things a bit complicated. Lye seems to want to use the POTW as a kind of short list for a 'real' portfolio, real money he says, I would be a bit more careful. So on the one hand we have the players, who would like to win and see the POTW do well (and beat stupid things like the market and my Mechanical Fund), and on the other hand we have Lye, who doesn't care about such trifles and is only interested in making money with our picks. ( eh, Lye?)

One of the reasons I brought my Fund into is, is that it should be possible to beat it, and let's see if the POTW can do it. Perhaps Lye will also disclose his other plans, to the point where we can see how well he does off us.

Regards,

Karel

[skiracer]

No it isn't, but as far as I understand Lye, the POTW doesn't count... which makes things a bit complicated. Lye seems to want to use the POTW as a kind of short list for a 'real' portfolio, real money he says, I would be a bit more careful. So on the one hand we have the players, who would like to win and see the POTW do well (and beat stupid things like the market and my Mechanical Fund), and on the other hand we have Lye, who doesn't care about such trifles and is only interested in making money with our picks. ( eh, Lye?)

One of the reasons I brought my Fund into is, is that it should be possible to beat it, and let's see if the POTW can do it. Perhaps Lye will also disclose his other plans, to the point where we can see how well he does off us.

Regards,

Karel

Karel,
We all have the same opportunities to view the picks and use them to our advantage if we want to do so. If Lye is adept enough to do that then I wish him the best of luck in doing so. He stated his intentions from the start so it's not like he hasn't been above board with his intentions. I just find fault with letting a position go, even if it's a game an has no fiscal value to any of us, to such an extent when we are all trying to do our best to make the highest % of gains in the final outcome of the game. Especially after changing the rules to enable everyone to have an opportunity to avert such high losses. We're supposed to be trying to give it our best shot an I don't feel that letting that position go that far is Lye's or the groups best shot.
If he were to have dumped it yesterday PM or early this morning an it reversed and dropped that's life and the markets but at least that would be treating it like you would in real life. No way in a short term situation, under the parameters we are supposed to be operating under, is a 13 % loss acceptable. I can appreciate anything up to 6/8 % because those points are basically acceptable standards for short term plays but not more than that.

[Karel]

Hi skiracer,

I agree that Lye has been very upfront about his intentions. I just wanted to point out that his personal plans with POTW might influence his view of the POTW as a thing in itself. MIGHT, I say. he can speak for himself.

Regards,

Karel

[IIC]

Home Solutions Of Amer Plans $26.7M Private Placement

DALLAS (Dow Jones)--Home Solutions of America Inc. (HOM) plans to raise $26.7 million through a private placement of common stock and warrants.

In a press release Wednesday, the provider of recovery, restoration and rebuilding/remodeling services said it expects net proceeds of about $24.6 million and will be used to pay off $11 million in seller debt resulting from the acquisition of the assets of Florida Environmental Remediation Services Inc.

The company will also use the proceeds to pay off $7 million of existing mezzanine debt and for working capital purposes.

The offering consists of 4.85 million units at $5.50 a unit, with each unit consisting of one common share and a purchase warrant exercisable for 0.20 share of common stock.

If the offering closes, the company will issue to investors 4.85 million common shares and warrants exercisable for 970,000 common shares. The warrants, if issued, will be exercisable immediately, have a five-year term, and have an exercise price of $5.50 a share. In addition, the company will issue to the placement agent, Sanders Morris Harris Inc., warrants exercisable for 125,000 common shares.

The placement agent warrants, if issued, will be exercisable immediately, have a five-year term, and have an exercise price of $5.50 share.

Shares of Home Solutions recently changed hands at $6.55 in premarket trading according to Inet after closing at $6.60, down 10 cents, or 1.5%, in composite trading.

[skiracer]

Hi skiracer,

I agree that Lye has been very upfront about his intentions. I just wanted to point out that his personal plans with POTW might influence his view of the POTW as a thing in itself. MIGHT, I say. he can speak for himself.

Regards,

Karel

Karel,
I hope he does address my post. If he can logically rationalize staying in the position I'm all ears. I might add that what is good for the goose is good for the gander. Our goal was an is to mazimize the potential and gains as stated by Lye himself.

[skiracer]

Home Solutions Of Amer Plans $26.7M Private Placement

DALLAS (Dow Jones)--Home Solutions of America Inc. (HOM) plans to raise $26.7 million through a private placement of common stock and warrants.

In a press release Wednesday, the provider of recovery, restoration and rebuilding/remodeling services said it expects net proceeds of about $24.6 million and will be used to pay off $11 million in seller debt resulting from the acquisition of the assets of Florida Environmental Remediation Services Inc.

The company will also use the proceeds to pay off $7 million of existing mezzanine debt and for working capital purposes.

The offering consists of 4.85 million units at $5.50 a unit, with each unit consisting of one common share and a purchase warrant exercisable for 0.20 share of common stock.

If the offering closes, the company will issue to investors 4.85 million common shares and warrants exercisable for 970,000 common shares. The warrants, if issued, will be exercisable immediately, have a five-year term, and have an exercise price of $5.50 a share. In addition, the company will issue to the placement agent, Sanders Morris Harris Inc., warrants exercisable for 125,000 common shares.

The placement agent warrants, if issued, will be exercisable immediately, have a five-year term, and have an exercise price of $5.50 share.

Shares of Home Solutions recently changed hands at $6.55 in premarket trading according to Inet after closing at $6.60, down 10 cents, or 1.5%, in composite trading.

Doug,
HOM down .93 in pre-market. These guys who run these companys are only looking out for themselves and they release the info in the early pre-market when they can get it as far up everyone's ass as they can before the open. You can bet your life on it that none of them are going to be left holding the bag.

[billyjoe]

Ski,
This is the 3rd time in less than a year this has happened to one of my major holdings. The stops are basically worthless since the open is so far below the planned stop. It makes it difficult to follow a plan . Three other stocks I've purchased are also subject to class action lawsuits for fraud , insider shenanigans, etc. The SEC IMO is not doing its job.

billyjoe

Just checked and the insiders did seem anxious to sell stock in the last 30-60 days

[billyjoe]

Lye,
Cut bait on HOM , that fish was rotten all along. Put it on MCZ long.

billyjoe

[skiracer]

Ski,
This is the 3rd time in less than a year this has happened to one of my major holdings. The stops are basically worthless since the open is so far below the planned stop. It makes it difficult to follow a plan . Three other stocks I've purchased are also subject to class action lawsuits for fraud , insider shenanigans, etc. The SEC IMO is not doing its job.

billyjoe

Just checked and the insiders did seem anxious to sell stock in the last 30-60 days

We're at their mercy. You really never know what to expect and they never give a warning or any indication of what's coming up. I hate being subjected to this type of thing but I guess it's all part of it. I always try to look at SEC filings but it's just to hard to stay on top of this type of thing with everything else going on and just trying to stay on top of your positions and manage your money. Sorry to see you got caught in this trap.

[Lyehopper]

Ski,
This is the 3rd time in less than a year this has happened to one of my major holdings. The stops are basically worthless since the open is so far below the planned stop. It makes it difficult to follow a plan . Three other stocks I've purchased are also subject to class action lawsuits for fraud , insider shenanigans, etc. The SEC IMO is not doing its job.

billyjoe

Just checked and the insiders did seem anxious to sell stock in the last 30-60 days

Speaking of insiders anxious to sell.... Take a look at NRPH. I just took another short position in it yesterday....

[spikefader]

Ski,
This is the 3rd time in less than a year this has happened to one of my major holdings. The stops are basically worthless since the open is so far below the planned stop. It makes it difficult to follow a plan . Three other stocks I've purchased are also subject to class action lawsuits for fraud , insider shenanigans, etc. The SEC IMO is not doing its job.

billyjoe

Just checked and the insiders did seem anxious to sell stock in the last 30-60 days

Feel for ya billyjoe, but HOM's gap down isn't really that bad. Sure, there would have been some slippage this morning if you had premarket stops working, but a stop that gets you out for a -6.8% from the close is a whole lot better than -30% on a gap down and drop where you haven't used a premarket stop. Sheesh, you think HOM is bad.....MM followers should be very grateful MM didn't take Veteran Top 5 candidate ESCL long the other day; that has gapped down and sold off big time this morning and is -27% from yesterday's close. I guess daily money flow I liked so much ain't everything! But that volume filter I used eliminated ESCL from the Creme list, and this type of drop is exactly why. I don't need the aggravation! It also sure goes to show that no matter how bullish I feel about a stock I'd better keep my plan tight, use pre-market stops and accept on the occasions I'm going to have to take a -6% or worse hit in slippage. Being diversified will protect against the disasters. And limiting losses is still integral to that, and important enough to accept the slippage potential.

But on your other point of the SEC, that's a fair observation given your circumstances. Corrupt practices in the market by company execs does stink to high Heaven, and is infuriating for investors and traders who take the risk and invest in U.S companies only to see their ports take a hit when the scams come to light. I truly pray that such execs, like the Enron crooks, get their just rewards at the end of the day or end of their life. They better repent and turn from their wickedness or it'll be a long, hot, gnashing of teeth eternity for them. We all make mistakes and "but for the Grace of God go I", but it seems some 'offences' are worse than others when it hurts the honest, naive, and trusting folk in the world.

These days it's a given that we trade our money in issues where crooks and theives CAN influence its safety. We must do what we must do to protect against the Shenanigans! Diversify, trade indexes, use stops, whatever it takes...