shooting the moon

NoDoji · Jan 19, 2013

Quote from billyjoerob:

Is there some way I can block Nodoji from this thread?

Click "Your Account", then select "Edit Ignore List".

billyjoerob · Jan 19, 2013

The trap was laid in BTH when I posted this thread:

http://www.elitetrader.com/vb/printthread.php?threadid=247545

If you don't bother to click on the link, I rec'd the stock at $36 or something and it went to $46 two days later. I got a little cocky and then when the stock went back to $25 (after selling out at $42) I bought back in. In addition I'd done well in the stock before. Otherwise I have no interest in buying dumpers and don't do it. Like I said above, a royal ball buster.

traitor786 · Jan 19, 2013

Have we decided nodoji is an enemy ? she seemed alight to me.

TheMagican · Jan 19, 2013

Quote from billyjoerob:

For the amusement and entertainment of the Elite Traders, a journal to record some of my set ups. I'm a stock trader, generally take large positions, and trade infrequently. I generally go for high-probability trades with large position sizes (as a % of my account), usually lasting for days or a few weeks. Low churn and high conviction trades result in the best returns, but that will be for the market to judge.

Hi Billy.If you hold for weeks,how do you deal with the settlement?If you are down with your position at the closure,your account will be debited for this amount and re-open with the settlement price.Am i correct?

billyjoerob · Jan 19, 2013

Quote from TheMagican:

Hi Billy.If you hold for weeks,how do you deal with the settlement?If you are down with your position at the closure,your account will be debited for this amount and re-open with the settlement price.Am i correct?

I don't really know. I had problems with settlement before moving to IB, but that was only when I sold within the 3-day settlement period. Otherwise never had a problem.

billyjoerob · Jan 19, 2013

BONT is interesting.

http://stockcharts.com/h-sc/ui?s=BONT&p=W&b=5&g=0&id=p89419428967

Nice coil on the weekly chart with decent volume. Recently broke out of the coil.

Trading at .10 of sales, debt recently retunred to par, so EV of .43/sales, much cheaper than competitors. Still huge short interest so combustible combination of valuation/chart/short interest.

jas_in_hbca · Jan 19, 2013

Quote from billyjoerob:

Is there some way I can block Nodoji from this thread?

LOL. Really ?

IMO, Nodoji has to be one of the most knowledgable and generous traders here.

Obviously our opinion of value and gratitude differ.

kjones5159 · Jan 19, 2013

Quote from jas_in_hbca:

LOL. Really ?

IMO, Nodoji has to be one of the most knowledgable and generous traders here.

Obviously our opinion of value and gratitude differ.

Agreed.

TheMagican · Jan 20, 2013

Quote from billyjoerob:

I don't really know. I had problems with settlement before moving to IB, but that was only when I sold within the 3-day settlement period. Otherwise never had a problem.

I meant daily price settlement.

billyjoerob · Jan 20, 2013

Quote from TheMagican:

I meant daily price settlement.

I don't use margin or options, so I don't see why it would matter.