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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (4806)10/26/2001 9:17:21 AM
From: BlueCheap  Respond to of 5499
 
This Thread's Portfolio has mostly RED with VSH & WB having slight gains.
Jake you wanted to pull my wings off my stocks REMEMBER??
Well You pointed me to (GX) when I was commenting on what a good Trading stock I felt (XOXO) was. Guess what? I recently made 450% profit on just over 50,000 shares of XOXO from my buy at .40 cents and sold within a few weeks at $1.80..... <g>
So, I sure am happy I used my own judgement rather than being DOWN 94.6% in (GX)....
Not many "Stockholders" in (GX) but there sure seems to be a whole lot of "STUCKHOLDERS"...... <LOL>

btw, I been buying (XOXO) back in the $1.10 to $1.16 range. Watch and see how that turns out.
In fact my Portfolio is GREEN as Spring Grass. Up 75% in ENGY within two days. Up 20% in ASCX within two days also.
Even though I am holding FREE shares of FONR, it is down to $1.20. That is a price to consider, especially if you took the time to see what is happening between Fonar & GE Medical. RSNA show coming up within 30 days. Let's see what is announced during the next 30 days as they go into this world' s largest radiologist show.
You do like to make money in the Market don't you Jake???? I do, it's the ONLY reason I lay MY Cash out there.

Jake, I have good sources and I'm sharper than YOU have me pegged.... I make very good profits in the Range Bound & Undervalued Quality Stocks. You folks just missed out because you wanted to feel SUPERIOR.....
Well GO right AHEAD and keep looking at RED. I'll keep raking in the GREEN and we'll see which color SPENDS......

These ARE MY Opinions on Range Bound & Undervalued Quality Stocks,

BlueCheap



To: JakeStraw who wrote (4806)10/31/2001 10:47:07 AM
From: BWAC  Read Replies (2) | Respond to of 5499
 
Hey Jake,

MCIT at under $12 = 20% Dividend? $1.4 Billion valued company? With $15 Billion in sales to drive a profit out of?

And in the bad situation file. GX. How too make the best out of it? GBLPF (GX Preferred) basically is priced 34 cents over the common stock, indicating GX will never ever pay another dividend on the preferred. Quite possible the right assumption. Previously the preferred had always traded at a significant premium.

GBLPF converts to 6.3 GX.
$1.20 GX x 6.3 = $7.56
GBLPF $9.40 less 7.56 = 1.84
1.84/6.3 = .34

GBLPF pays (or did pay or is indicated to pay) a cash dividend of $4.21 a quarter. Cumulative. Manditorily redeemable at $250 in 2012. Hasn't misses paying one YET.

Market says there is a 60% chance GX doesn't pay this dividend in January 2002. And a 100% chance GX never pays it ever again after that.

If the market is right the common stock is a bust. And 99% chance the preferred is as well with an additional 34 cents per share down the drain.

I switched from GX to GBLPF.