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Non-Tech : Signature Group Holdings -- Ignore unavailable to you. Want to Upgrade?

To: Carey Thompson who wrote (56)	12/28/2007 4:22:40 PM
From: SI Bob	Respond to of 78

I'm still sitting on my hands on this one, but only for another week at most. I like the long-term prospects, but it's currently trading much higher than it was early last week and I'd like to see a pullback comparable to the one it did after it spiked 50% on November 8. It pulled back about 20% from that one. This most recent one was also a 50% spike, but I'm not waiting for a full 20% pullback on this one. I flip a few share nearly daily, but am waiting around to see if I can get it below $3.50 before getting a long-term position. I agree that it should be substantially higher long-term and really, another 50 cents per share savings is going to seem pretty meaningless in a few years, but even when investing, I tend to have a bit of a trading mindset. My long-term outlook is actually more optimistic than yours, since I'm pretty eager about another opportunity to get the Jun5 calls. I added a lot of [t]WPL[/t] to my long-term account yesterday at $5.10 and over the past couple of days have been buying quite a bit of it in my trading account and plan to buy still more on Monday. Paid $5.05 and $4.83 today.

To: Carey Thompson who wrote (56)	12/31/2007 12:15:34 PM
From: SI Bob	Respond to of 78

Since it managed to put in a nearly 20% pullback after the recent 50% spike, I've started dipping my toes pretty heavily. Stock and Jun5 calls.

To: Carey Thompson who wrote (56)	1/5/2008 11:53:14 AM
From: SI Bob	Respond to of 78

Since it's done the expected pullback (and more -- lots more), I'm up to a full allotment plus a decent-sized trading position. I'll try to work this the same way I successfully did with [t]ELN[/t], selling it all whenever it gets ahead of itself, but most of the time keeping the core position intact and using swing-trading profits to increase the size of the core position until I'm "done". "Done", to me, means the stock has reached a point where it can just get added to the pile, rarely to be looked at again. ELN is there for me now and I trade it very rarely. It'll take a while on FMT. I felt there were a lot of bargains to be found yesterday, so I put on large trading positions also in [t]ACAS[/t], [t]ADCT[/t], and [t]OVTI[/t], as well as adding to my [t]WPL[/t]. I'm so heavily invested right now (including margin) that I'll be watching pretty carefully next week and have stops in on most positions as I don't consider the remainder of my buying power really "buying power" but more of a buffer against the largest hits I'm willing to take on these positions. The stops are placed where they'll prevent a margin call and in some stocks (OVTI especially) are fairly tight because in that one's case I feel that the downside, if it happens, could take it to the low 13's, but if it's headed that direction, I'll be out at 13.51 and a buyer again if it gets to 13 or below. Next week could bring me massive slaughter in my long-term account or great gains. The most volatile one in that account is WPL and I've now got a full allocation there. In my trading account, next week could bring great gains or limited slaughter resulting in my being mostly (less) cash.

To: Carey Thompson who wrote (56)	1/14/2008 10:17:25 AM
From: SI Bob	Respond to of 78

I'm still looking more at the short-term picture on this than the long-term and though I bought some more this morning at $3.59, I sold the whole lot at $3.76 a few minutes ago when Level II exposed a sell order at $3.80 for over 100k shares. It'll take a while to work through that and I'm sure I can get it back cheaper soon. Sometime this week and possibly today. It's slightly ahead of itself short-term IMO and the size of that sell order puts a pretty strong ceiling on it at least for the day. Still have all my Jun5 calls, though.