Skiracer's stock slopes

[peanuts]

MED post-earnings

Ski, billyjoe, and others,

MED was a big 'IF' going into earnings. From what I understand they were fantastic- beating the estimates. Now that you already have your positions established, and you have the earnings behind you, I was wondering how you plan to exit the trade? I mean, you aren't going to hold the shares forever, right? Will you sell all at once, or predetermined amounts at predetermined prices? Or will you just keep the shares going until you get stopped out with a trailing stop? Maybe your gut will determine everything? I'm very interested to know how you're going to maximize the potential profits.

(I wish I owned it myself)

[Websman]

Congrats on MED guys! You rolled the dice and won. I rolled the dice with ERS and lost...jejeje

[IIC]

Let's see...wasn't that when he was still Cassius Clay?

Without looking it up...Sonny Liston

[IIC]

Without looking it up...Sonny Liston

OK...looked it up...I was right...Now a tougher question that I wouldn't have known had I not verified that my previous post was right...Who did Sonny Liston beat to win the crown in the first place?

[billyjoe]

Doug,
I didn't look this up, but I believe it was Floyd Patterson. Was a big fight fan back then. Sonny Liston was looked upon as a thug and Patterson was very popular. People couldn't believe it when Clay beat Liston twice. I remember listening on the radio.

----------billyjoe

p.s. Just remembered Ingamar Johansen was in there also . Maybe he beat Patterson and Liston beat Johansen. Maybe Karel would know.

[billyjoe]

Ski, billyjoe, and others,

MED was a big 'IF' going into earnings. From what I understand they were fantastic- beating the estimates. Now that you already have your positions established, and you have the earnings behind you, I was wondering how you plan to exit the trade? I mean, you aren't going to hold the shares forever, right? Will you sell all at once, or predetermined amounts at predetermined prices? Or will you just keep the shares going until you get stopped out with a trailing stop? Maybe your gut will determine everything? I'm very interested to know how you're going to maximize the potential profits.

(I wish I owned it myself)

Peanuts,
MED was the only stock I believe that Stocklemon admitted they were wrong about. Price dropped after their report from maybe 21 to 8 , in that area. Earnings never dipped. In fact they've increased 28 quarters in succession. It also is a rarity in moving from AMEX to NASDQ to NYSE. If stocklemon was the major factor behind the over 50% drop, it's very reasonable to value them at least at 15-16 wouldn't it seem ? I don't see myself selling very soon unless it becomes too profitable to not sell.Ski was pretty sharp sticking with this one.

-------------billyjoe

[IIC]

Doug,
I didn't look this up, but I believe it was Floyd Patterson. Was a big fight fan back then. Sonny Liston was looked upon as a thug and Patterson was very popular. People couldn't believe it when Clay beat Liston twice. I remember listening on the radio.

----------billyjoe

p.s. Just remembered Ingamar Johansen was in there also . Maybe he beat Patterson and Liston beat Johansen. Maybe Karel would know.

It was Patterson...Liston beat him 2x

[Runner]

Bot some today for a longer term account not swings and each is built for some wiggle room.

LOW 30.15 INTC 21.72 F 8.87

[skiracer]

Doug,
I didn't look this up, but I believe it was Floyd Patterson. Was a big fight fan back then. Sonny Liston was looked upon as a thug and Patterson was very popular. People couldn't believe it when Clay beat Liston twice. I remember listening on the radio.

----------billyjoe

p.s. Just remembered Ingamar Johansen was in there also . Maybe he beat Patterson and Liston beat Johansen. Maybe Karel would know.

Johansen beat Patterson and then Patterson regained the crown from Johansen. He was the first one to lose the crown and then regain it. Liston beat Patterson for the title and Clay beat Liston twice. I remember the first fight between Clay and Liston. It was Feb. 1964 and Liston was about an 8 to 1 favorite. At the time my job was sitting in my uncles, he's dead now, office taking sports bets from some of the sharpest bettors across the country. My uncle was a pretty big bookmaker in those days and dealt with guys from all over the place. Strictly sports betting and big numbers. Anyway everything I had in the world money wise would be in my left hand front pocket in those days and I would burn through whatever I had either gambling or living good so I was always looking for money. I had scrounged together about $5000 and bet it all on Clay. I had it spread out everywhere across the country and it was a big score for a young kid at 19 years old. In less than a year and a half I was broke again and on my way to Viet Nam. Big change in life style and maturity. Needless to say I missed the 2nd fight.

[skiracer]

Ski, billyjoe, and others,

MED was a big 'IF' going into earnings. From what I understand they were fantastic- beating the estimates. Now that you already have your positions established, and you have the earnings behind you, I was wondering how you plan to exit the trade? I mean, you aren't going to hold the shares forever, right? Will you sell all at once, or predetermined amounts at predetermined prices? Or will you just keep the shares going until you get stopped out with a trailing stop? Maybe your gut will determine everything? I'm very interested to know how you're going to maximize the potential profits.

(I wish I owned it myself)

I'm going to wait and see which way the wind will blow tomorrow. I think the report was sound. Not great as far as beating the eps consensus by .03 but great in beating revenue consensus by a few million. To me this shows their business model is working and growing and that is what the big money institutional accounts like to see and where they like to put their money. Money follows money and that should prop up the price over this next qtr. Short term I think this report will drive it over the first hurdle at 11.15 and the second at 12.70 as far as recent highs. There is a big gap between 12.70 and 18.50, I'm speaking about the daily chart, and it was above 21 back in June of this year so you have to think that it could go to that level again now that all the crap that StockLemon put out about it is past and it has proven itself again. I'm thinking that I'm going to let it sit for awhile. There are going to be peaks and valleys, which are normal in an uptrend, that will happen as it moves upward from these levels. As long as the fundamentals don't change I can envision it going to 18 or higher. Not overnight but over the mid term. I'm a short term trader and usually don't hold them to long or give the gains back once I have them so my mindset about the trade will change over the course of time. I'm in from 9.04 and own a nice chunk so I could see myself selling into strength at 12.50/13 levels and then buying back on some consolidation or pullback after that point. That would be a nice gain. Remember that they always consolidate their gains and end up pulling back before moving up again which is normal. Also 12.50 to 15 is no different than 9 to 11.50 or 16 to 18.50 in the course of a strong uptrend. So buying playing the peaks and valleys is a viable strategy as it moves up. There is no need to hold on forever. You can sell, take profits, and re-enter a number of times in the normal course of all this.

One other point is that tomorrow the momo guys and shorts may grab it and take some gains and drive it down right after the report. That is common and happens but this is a good stock with strong fundamentals going for it and the value is there so if that were to take place tomorrow, I don't think it will but it is always a possibility as we have all seen after decent reports, it would be a great opportunity for an entry for those who didn't get in because this stock is going to go back above the 12.70 level and probably the 18 level. What I'm saying is that I wouldn't let any drop right after this earnings report disuade me from holding thru it or getting in on it.

[skiracer]

Today was a good day for several of the ports. Riverbabe scored big with her play in TGT. Up 1.40 today. Impressive trade River. Please protect those gains Babe. I love that name. Sometimes I like to use just River and other times I like the way Riverbabe rolls out. First time I used Babe. Has a nice feel to it. Lye outperformed everyone exiting his position in ALLI for a 27.6% gain over the short term. Cannot beat that type of performance. MED reported earnings today and did exactly what I was looking for. Gave a decent eps and revenue report that should add the fuel to drive it to previous highs. Tomorrow will give a better indication of what impact the report will have on it. Hopefully we'll see a continuation of the move up. Billyjoe and Whiz both jumped on board today.
I've mentioned this earlier that I didn't want this to evolve into a contest but rather a showing of what the participating forum members are doing with their money and trades. I'm only posting the results of each members exits as they take place and the resulting gain or loss from the trade. At the end of the week I've been adding a column to show the combined gain or loss and the percentage only for the benefit of anyone viewing the sheet so that they don't have to do the math themselves.
As we all know we win some and we lose some so posting a loser is no big deal except for the fact that we lose some of our hard earned cash because of it. In my opinion by posting the gains or losses it will make us think more about what we are doing and hopefully provide some fuel for dialogue that in the end will have a positive result in our trading. I think it is important to be able to discuss the reasoning behind both winning and losing trades. So the motives are meant to be positive regardless of the end result of any trade by any member who puts their wash out on the line for everyone to view. We should all feel comfortable discussing any results, trades, opposing views or anything that might come to mind regarding these portfolios as long as we respect each others space.
I'm looking at two possible short plays in TGT and WYNN. Any thoughts on those two or anyone else been looking at them? I know that River owns TGT in her port. Not trying to put the horns on your play River but just one of those opposing views that I was talking about.
Haven't heard from Ninner in awhile. Are you out there Ninner. Please report in just to let us know you're ok. Here's todays sheet:

[riverbabe]

tgt

Hi Ski, you can call me BABE anytime! Sold TGT this morning at 59.21. Okay, so it wasn't the high, and it will probably go much higher today, but I'm happy.
Short away to your heart's content! riverbabe

[Runner]

Long AEM @ 38.90

[Websman]

Sold.... MRVL @ 19.88

[Gwhiz]

back into TGB @ 2.35