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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 686.96-0.1%4:00 PM EST
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From: Fintas2/23/2014 8:59:58 PM
1 Recommendation

Recommended By
toccodolce

  Read Replies (1) of 220889
 
DRYS. Let's see what I was saying about DRYS last year March 2013 located in the post towards the bottom.. .

Now did I watch drys go from the 3's to 6.44 and roll over. YUP. Why not I expect 19 I have a timeline of 3-5 years. Am I supposed to sell because some day trader or WE wants me to do so? Is it against some rule if I exploit the down of world events to size in to buy MORE and lower the cost basis? Is SIZING down against the law? AM I THE ONLY PERSON WHO WILL SIZE IN? HARDLY.

Did I do the same with JDUS as it made it's way to 29 over 3 years. YUP. And a low 3 to 28. I guess I should be offended. Now have I posted I re-entered at 9.15. YUP. Have I recommended it. NO I do NOT recommend stocks. I just present what I've done. Have I sold covered calls. YUP. Did they expire worthless. YUP

Did I do the same with AMAT over 4 years. YUP.

WIll I size in. YUP. OH YEAH.. And do it LARGE. I'm not buying crap. Neither was BUFFET when he lent 3 B to GE and 5 B to BAC. He did his work. As do I.

Did I size in with GLW. YUP. FNSR. YUP IBM YUP

OH CRAP.

Do I write covered calls. YUP. Do I understand the ranges. YUP.

Will I buy calls YUP Am I breaking some rule as an individual investor. NOPE

Am I willing to margin. YUP AM I willing to go privately aka P2P and pay 10% for money to avoid maintanence if I see significant opportunity.To the WE who consider it reckless? HMM . DID GE pay 10% to Buffet for 3B? How about GS did GS pay Buffet 10% for 5 B... When they did such did they do so to avoid concerns with wide swings?. How much did GE's market cap rise? GS?. BAC? Was it to the benefit of GE/GS to pay 10% to get the market cap UP. Do others use margin to leverage. Is not P2P a legitimate way to borrow and leverage?

DID I ride BAC down from 15 after it ran up from under 11 taking calls with it.. YUP. Did I kick out the calls for a profit. YUP What was my cost basis for BAC at the time..11.34 Did I size in off the lows and go large. YUP. My cost basis is 8.15. Did I buy calls off the drop from 10 to under 7. YUP. Did I do well. YUP. Have I sold covered calls over the past x year. YUP. Do I have to tell some WE who think they are entitled to know what I do. NOPE. Especially when they can't get my cost basis correct. Am I the only one who knows what I'm doing? NO.. I do inform a few. Did others follow me re BAC calls. YUP.

Is it my money. YUP.

But here's the bottom line. Has BAC risen significantly from 8.15 Could others have bought it for 5/6/7/8. YUP Would I buy it at 14-17. NOPE. I expect it to come down to 13.24

DID SEG hit my target of 75 years ago. YUP.

AMAT. YUP..IBM YUP. UPS, etc etc. YUP YUP YUP.

I'm not here to lead those who are not able to see beyond their own thinking or trading.. Many are regulated. Many are restricted. I'm not. I present numbers. IF I want to GAMBLE I can. AND WILL!

Come to think of it am I telling anyone if they should size in. NOPE. Am I asking anyone to tell me when they sold an option, bought an option, wrote a covered call, used a hedge/ butterfly or other. NOPE. So why is it the WE think it's my responsibility to tell them? Suggest I clarify and tell them what I am doing etc. Truth is if someone asks me politely via PM I will tell them IF I can. There are times I don't want a crowded trade. Is that wrong. NOPE. Is that some sin? NOPE. Do I ask any that personal . NOPE. The WE seem to have an agenda and I've suggested that since last AUG 2013.

Why is the WE focussed on little ol FINTAS. I know! They are trying to save others from FINTAS very risky methods. Fintas investments are dangerous.. HMM GE 9.11 to recent 28. YUP crazy. BAC 8.15 to 17 ish MSFT 17 ish to 38. etc etc

I present numbers. It's not my responsibility to explain every move I'm making.

Finally I recently put up a pull back for GE. I gave a range. Did it happen? YUP! DID I have covered calls in play. NOT ANYONE's BUSINESS.. BUT shhh if I can see the down then ask yourself am I able to see an appropriate covered call. Did any buy GE on the weakness. Some have some didn't. That is their decision. I just presented the range down.

Back to DRYS.. I really don't care if ANYONE took Drys. I stated I have a large core in drys as all my cores are. My cost is 2.15. I will hold it till my upside target is hit. I don't care if it retraces or goes to da moon right here. But will the targets I present be hit. OH YEAH.

I understand 2.15 to 6.48/8.10/9.72/11.34/14.58/19.44 I understand those %. I'm not about to kick it out because of a pullback no more than anyone kicked out APPLE with a low cost basis or AMAZON or NFLX..
But what if it takes to 2014/2015/2016 till those targets are hit? SO.. The % are?

Fintas 2.15 to 5= % 2.15 to 3.5 = % ON an aside I put up more data in this post below than most. I also re- iterated Drys in Aug of 2013. So whether one took it in March 2013 or Aug 2013 and for some less than my cost basis the upside was large %. And again I didn't sell it. I guess that makes me a bad individual investor. That could be said about those who took LVS at 1.4 and haven't sold it in the 70's even though there have been some wide swing: As well as and many others. Unless of course you think like the WE.

Now I'll head back to MARKET TRENDS where I can do my thing and all are welcome to come and yak.. On an aside MR VITAS could have easily posted his post there but he once again chose to NOT do so. The question is WHY? Maybe the WE didn't want him to do so. And re Mr V's excuse for the WE.. LAME is the word.

SPX? I'm on record from June ish 2013. SPX 1458 in 2014. .Now I get to watch it play out as will many who refuse to see it. OH WELL.

Fintas

"
To: Fintas who wrote ( 80999) 3/27/2013 3:31:27 PM
From: Fintas 1 Recommendation Read Replies (1) of 84672
Little more details re DRYS.

It's RS is at .084, needs .097 to turn, above that to the .182 then on to .32 until it sees the .82. Now remember it's a .084. If one does some math they should see the upside %. NOW throw in that DRYS is listed in the non air transports and looking at how it compares to it's peers that is at .36 with an upside to the .72 coming. NEAR TERM.

AND.. those who look closely at DRYS understand the relationship of ORIG. That value is not really understood by most. Yet a tidbit is DRYS holds 59 ish %. ORIG will bring 3 more drill rigs into play later this year. As they come on line $$$$$ to ORIG which means $$$$ to DRYS balance sheet.

So one has to ask themselves is CRUDE going UP or down. What price point do the majors make money drilling and will there be more demand or less for DRILL SHIPS. The overhand on DRYS is the sector re shipping and their CEO is not loved. BOO HOO.

Thus one should consider what the future brings for the shippers and how DRYS will perform.

When one looks at DRYS yes one can do so technically. BUT too many only saw SEAGATE technically a few years ago and didn't understand VERITAS. As a result they didn't see the UPSIDE or the LBO causing Seagate to go from 24 to 78.I had a 75 target 1 1/2 years before it happened. If memory serves me 54 to 78 over night.

Meaning there's a lot of positives to DRYS then a chart will show.

However it's one volative equity with many a basher so it's not for the feint of heart.

My cost basis is 2.15. I'm long with a large position. I'm focussed on targets much higher and ignore the noise.

ALL IMHO FINTAS
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