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SuperD
Cacti junky



Registered: 10/05/03
Posts: 6,648
Loc: The bridgesii bridge
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Re: Picks From My Guru Associates... [Re: Confucian]
#10322206 - 05/11/09 12:08 PM (14 years, 8 months ago) |
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I'm not real sure what is going on with PCX, but after seeing it drop down to $8.50ish I decided not to reinvest again. I'm finding a good time to dump all my C shares now, but the past week or so Citigroup stock has been kind of flat.
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   D Manoa said: I need to stop spending all my money on plants and take up a cheaper hobby, like heroin. Looking for Rauhocereus riosaniensis seeds or live specimen(s), me if you have any for trade
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Redstorm
Prince of Bugs




Registered: 10/08/02
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Re: Picks From My Guru Associates... [Re: SuperD]
#10323071 - 05/11/09 03:57 PM (14 years, 8 months ago) |
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I'm still holding HERO and SGY. I'll probably kick myself for it, but here's to hoping for $70 oil this summer.
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Picks From My Guru Associates... [Re: Redstorm]
#10325925 - 05/12/09 06:31 AM (14 years, 8 months ago) |
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Today should be good for all coal stocks. Alpha Natural Resources to merge with Foundation Coal Holdings to create one of America's largest coal producers. http://alnr.client.shareholder.com/releasedetail.cfm?ReleaseID=383279
PCX is up 8% pre-market, ANR down 1%, and FCL up 28.6%
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Picks From My Guru Associates... [Re: Confucian]
#10338957 - 05/14/09 05:01 PM (14 years, 8 months ago) |
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Bought XOMA today after hours. Got in low $1.30s, will add if it drops. Some news:
Quote:
XOMA Limited announces royalties on CIMZIA expected to increase due to FDA approval for moderate to severe rheumatoid arthritis in adults Co announces that its bacterial cell expression (BCE) technology licensee UCB S.A. has received FDA approval to market CIMZIA (certolizumab pegol), an anti-tumor necrosis factor product, for the treatment of moderate to severe rheumatoid arthritis (RA) in adults. XOMA will receive royalty payments on sales of CIMZIA for this indication and will continue to receive royalties on sales of CIMZIA for the treatment of moderate to severe Crohn's disease, for which it was approved in April 2008.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=BCOM&date=20090514&id=9905677
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Picks From My Guru Associates... [Re: Confucian]
#10342398 - 05/15/09 08:04 AM (14 years, 8 months ago) |
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XOMA announced some financing b.s. that killed the momentum. I sold for a loss first thing in the morning.
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SuperD
Cacti junky



Registered: 10/05/03
Posts: 6,648
Loc: The bridgesii bridge
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Re: Picks From My Guru Associates... [Re: Confucian]
#10342856 - 05/15/09 10:14 AM (14 years, 8 months ago) |
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Sorry to hear, hopefully not much was lost on that trade. I decided to hold off on XOMA since I already had my interested vested in PCX. I'm getting out soon though since it's up again.
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   D Manoa said: I need to stop spending all my money on plants and take up a cheaper hobby, like heroin. Looking for Rauhocereus riosaniensis seeds or live specimen(s), me if you have any for trade
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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I've been out for a while. New pick just came in hot off the press, LEE. Closed at 71 cents, up 34% on the day. My friend believes 50% is very likely from here, and 100% is not out of the question. He's already in averaged at 68 cents, I'm going to buy in the morning. I'm going in heavy, but starting with 1/3 of my target dollar holding just to get a feel.
NEWS:
June 30, 2009 07:00 PM Eastern Daylight Time Lee Enterprises Decides against Reverse Stock Split
DAVENPORT, Iowa--(BUSINESS WIRE)--The Board of Directors of Lee Enterprises, Incorporated (NYSE: LEE), has elected not to effect a reverse stock split. At the annual meeting in March, shareholders had granted the board discretionary authority until June 30 to decide whether to do so.
Mary Junck, chairman and chief executive officer, said the board considered current market conditions, business forecasts and other factors that could affect shareholder value, including the prospect of remaining in compliance with New York Stock Exchange rules for continued listing.
The NYSE notified Lee in December 2008 that the company was not in compliance with the NYSE’s continued listing standard of at least $1.00 for the average closing price per share of its publicly traded common shares over a consecutive 30-trading day period. Since then, the NYSE announced that the standard has been temporarily suspended through July 31, 2009. As a result, Lee currently has until December 3, 2009, to return to compliance.
“Despite recent volatility in Lee’s share price, owing in part to index rebalancing, we believe our long-term prospects remain strong and will become apparent to more investors as the recession begins to recede,” Junck said. “We believe our recent debt refinancing has given us ample flexibility to manage through the downturn.”
She added: “Our newspapers and their websites continue to reach, by far, the vast majority of adults in our markets, with growing strength across all age groups. We remain, hands down, the leading provider of local news, information and advertising in our markets. As the recession drags on, we are staying focused on building further on these strengths and increasing our lion’s share of local advertising spending.”
Lee Enterprises is a premier provider of local news, information and advertising in primarily midsize markets, with 49 daily newspapers and a joint interest in four others, online sites and more than 300 specialty publications in 23 states. Lee’s newspapers have circulation of 1.5 million daily and 1.8 million Sunday, reaching four million readers daily. Lee’s online sites attract 14 million unique visits monthly, and Lee’s weekly publications have distribution of more than four million households. Lee’s markets include St. Louis, Mo.; Lincoln, Neb.; Madison, Wis.; Davenport, Iowa; Billings, Mont.; Bloomington, Ill.; and Tucson, Ariz. Lee stock is traded on the New York Stock Exchange under the symbol LEE. For more information about Lee, please visit www.lee.net.
Edited by Confucian (07/01/09 11:21 PM)
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Stonehenge
Alt Center

Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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But what business are they in? What are their sales looking like, are they gaining market share, etc? You know, normal business questions. All i see is talk about maybe more investors will pile on and drive up the price.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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They are involved in print publications primarily - newspapers - an industry that is going the way of the dinosaur. They are expanding their publications with online content for local news services, but honestly investing in newspapers (unless you are short) seems like a very bad idea. Their stock is down 17% so far today... vastly underperforming the market. The company is shrinking, has little to no analyst coverage, and poor (decelerating) earnings. I would expect them to be listed only on the pink sheets within a year.
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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LEE did very well today, up 24%. My picks are not based on all fundamentals, they are mainly technical short-term plays. I don't care what the company is doing 4 months down the road or 4 weeks. These are short-term trades, that is all. After today I am in profit territory but am going to wait a little while longer to see if there is a continuation tomorrow and into earnings. Volume was good and it helped that Gannett (GCI--up 29% today) posted a better than expected 2nd quarter profit results (Gannett is the largest U.S. newspaper publisher and owner of the USA Today)....
I just received an alert on MPG. I don't own any shares yet and will look for entry tomorrow. To me, it looks like anything under 60 would be perfect. MPG was trading above a buck a month ago, and had a May high of $2.05. They don't pay a dividend and average volume is around 1 million trades a day (990,000). Do your own DD, here is the website: http://www.maguireproperties.com/ and I'm sure you can find more information through Yahoo/Google Finance...MPG closed at 61 cents, up 15% on the day. 52-week low was 32 cents in March although from the looks of the chart, it only dropped to 32 cents momentarily on one day of trading, and has never dropped below 50 cents even through the March lows (besides the one day it crashed to 32 cents for a couple hours). See chart, you'll know what I'm talking about:
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Well my friends, LEE dropped significantly within days of the release of the pick (you couldn't buy for .65 if you wouldn't to the day after the release because sellers were letting it go in the low .60s, exactly where I entered)...Shortly after LEE bottomed at .50/.51.....Then GCI earnings beat expectations and it soared along with LEE about 30%....Ever since LEE has been on a roll. Today Media General (MEG) posted a profit and LEE is up another 13% after yesterdays double digit gain. The chart is looking insane and the 50% gain my friend spoke of at 70 cents is in close reach ($1.05)....the double would be at $1.40 and that is still possible imo, all though very far away. I'm taking it a day at a time so will possibly hitting the exit within a week.
Now my friend has this insane ability to locate trends in sectors before they become trends! He did this with financials (ACAS/AIB)....oil (picked DXO at $2 in December)....Coal (PCX)...aluminum (CENX)....and many others including, lol, newspaper stocks (LEE)!
Now MPG is looking very scary and they always do when they are down but it could take off any day now. Tomorrow there is a shareholder meeting and I'm not sure about the earnings release. I saw a link where Monday was the date but I cannot verify this. Right now the last trade went through at 53 cents and I've been sitting on my shares at 58 cents since last Thursday...MPG has been fluctuating in the 53-59 cent range for about a week. A big move in one direction or the other is coming...If it drops lower than tomorrow I am out but there have been so many red days in the past month that a green bounce could be on the horizon, I definitely don't want to sell at the bottom and then see if fly. I'll keep you guys posted if I get out, right now I'm debating whether to double down at 53 because I don't have that many shares....
Good Luck
Edited by Confucian (07/22/09 08:36 AM)
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SuperD
Cacti junky



Registered: 10/05/03
Posts: 6,648
Loc: The bridgesii bridge
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Thanks for the update Confucian. I can't speak for anyone else but I've taken your friend's advice after you relayed it here and made some profit from that information. So big thanks and +5
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   D Manoa said: I need to stop spending all my money on plants and take up a cheaper hobby, like heroin. Looking for Rauhocereus riosaniensis seeds or live specimen(s), me if you have any for trade
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Quote:
Confucian said: I've been out for a while. New pick just came in hot off the press, LEE. Closed at 71 cents, up 34% on the day. My friend believes 50% is very likely from here, and 100% is not out of the question. He's already in averaged at 68 cents, I'm going to buy in the morning. I'm going in heavy, but starting with 1/3 of my target dollar holding just to get a feel.
Wow...As hard as it is to believe, my friends comments came true. I am stunned. LEE hit $1.35 this morning so far and isn't showing any signs of cooling off. I am up a little over 100% after loading up in the low .60s. I usually buy whatever stocks he tells me to and fare very well. I was disappointed when LEE dropped to the 50s and even low 50s after I got in but held strong. I bought more MPG yesterday on the dip at 54 and my average is now about .565 or so.
It is very hard to imagine, especially after the comments on the thread about how the newspaper industry is a dinosaur. Logically speaking the newspaper industry seems really crummy and not the place to be. However, and I am not sure how he does it, he can get into stocks with the smart buyers before the trends even are noticed. It is amazing. I'm not sure how he does it...
Anyone else get into LEE? Just a heads up, I wouldn't load up on MPG just because of the previous home run picks. I'm in and taking it a day at a time, they always seem real crummy at first when first getting in. MPG has a shareholder meeting at 11am, I am not sure if anything will come from it. The stock has been very boring the past week, ranging from .53 to .59.....If it breaks 60 maybe it will start to take off?
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geokills
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Registered: 05/08/01
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A rising tide lifts all the boats. Especially those high beta boats, as most penny stocks are. Congratulations on the coin, but that type of play is still too risky for my blood. In my book, preservation of capital comes before growth of capital.
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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LEE hit as high as $1.98 from the 70 cent alert early last month (and dropped as low as 50 cents before exploding).
MPG hit 90 cents this morning from the mid-50s/60 cent alert. That's over 50% from the alert to top. Earnings for MPG are on Monday. I sold for my 10% gain in the low .60s unfortunately.
Still waiting on a new pick. I got a couple on my own which I am fairly confident about. SCLN which last trade was at $4.05 and BQI with last trade at 91 cents. These won't go up 50% in two weeks as my friends picks often do but thought I'd mention them. If BQI breaks $1 it will be huge imo and could easily test, within days of breaking $1, the April and June highs which were around $1.30.
After losing on XOMA a couple months ago I try to stay away from anything pharmaceutical related but SCLN raised their guidance and beat earnings expectations and appear to be a strong company. It's been smooth sailing for SCLN this year. Looking at the chart, their stock has gradually gone straight up, higher and higher with each month.
Hopefully my friend comes out with a new pick soon. I am light in both SCLN/BQI because they are MY PICKS which means that they might not turn out so well! I usually go much heavier in the picks that my friends suggest. Be back when I hear something new...
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SuperD
Cacti junky



Registered: 10/05/03
Posts: 6,648
Loc: The bridgesii bridge
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Can't wait to hear the next pick. MPG was clearly a strong winner..you called it when it was below 60 cents! Pretty damn impressive.
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   D Manoa said: I need to stop spending all my money on plants and take up a cheaper hobby, like heroin. Looking for Rauhocereus riosaniensis seeds or live specimen(s), me if you have any for trade
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Loc: city of angels
Last seen: 3 hours, 52 minutes
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Quote:
geokills said: A rising tide lifts all the boats. Especially those high beta boats, as most penny stocks are. Congratulations on the coin, but that type of play is still too risky for my blood. In my book, preservation of capital comes before growth of capital.
An interesting anecdote to include, since it applies inclusively to the stock picks in this thread. Last October when the market was tanking, Sir John Templeton suggested that simply buying any NYSE listed stock trading under three dollars and holding for a few years would be a viable strategy to profit from the exaggerated selling pressure the market was then experiencing. Initially the trade showed steep losses but has risen sharply since March along with the market. As of today, the trade is up 147% since October. Many of the stocks have double and tripled, and five of them have seen 1000%+ gains!
Positive speculative excess, the polar opposite of what happened when the market depressed last year.
Thanks to Tim Melvin of TheStreet.com for bringing this to my attention.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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SuperD
Cacti junky



Registered: 10/05/03
Posts: 6,648
Loc: The bridgesii bridge
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Damn, damn damn..wish I had gotten in on the better half of MPG. It was at $1.05 when I checked just now.
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   D Manoa said: I need to stop spending all my money on plants and take up a cheaper hobby, like heroin. Looking for Rauhocereus riosaniensis seeds or live specimen(s), me if you have any for trade
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Confucian
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Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: New Pick [Re: SuperD]
#10858255 - 08/14/09 09:00 AM (14 years, 5 months ago) |
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New pick: CHB
Closed yesterday at 57 cents and is trading now for around 45/46 cents....I squeezed in a few at .445 and am going to add if it falls back under .45. This is definitely VERY RISKY as are most of his picks. I'd try to get in around .45 or lower...otherwise skip it. JMO cause I don't want to see anyone lose out. Good luck and again, I think this is a hell of a risky play!!!
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SuperD
Cacti junky



Registered: 10/05/03
Posts: 6,648
Loc: The bridgesii bridge
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I had some money to burn so I bought some shares @ .45 each. Not a huge loss if it takes a dive!
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   D Manoa said: I need to stop spending all my money on plants and take up a cheaper hobby, like heroin. Looking for Rauhocereus riosaniensis seeds or live specimen(s), me if you have any for trade
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