PAM: I am very excited about this stock.
PAM today broke out of the multi-month cup and handle formation that started in June of last year. It broke out decisively out of the handle with very high volume and closed above $1.09 .
I believe PAM will rally from here, just like it did in August of 2003 (which reached a high of $3.35) . The next stop is $2.50; if we break that, we gonna retest $3.35. I believe we will break that high and run close to $5.00 eventually (which will give the company about 140 million market cap), because fundamentals of the company is better now than it has ever been. I don't know when we will get to $5, but we are bound to get there.
OT: VEXP at first glance appears to be a bunch of crazy traders bidding on cow dung, but the volume was huge. I went to check out their latest filing and it appears that Putnam now owns over 70% of the company stock. Also per their filing, VEXP relatively recently did a 1 to 50 reverse split. From where i am sittin', the company is still losing lots of money. But maybe somebody knows something we clearly don't. We'll see. There are 120k shares in the float, i think.
I believe PAM will rally from here, just like it did in August of 2003 (which reached a high of $3.35) . The next stop is $2.50; if we break that, we gonna retest $3.35. I believe we will break that high and run close to $5.00 eventually (which will give the company about 140 million market cap), because fundamentals of the company is better now than it has ever been. I don't know when we will get to $5, but we are bound to get there.
OT: VEXP at first glance appears to be a bunch of crazy traders bidding on cow dung, but the volume was huge. I went to check out their latest filing and it appears that Putnam now owns over 70% of the company stock. Also per their filing, VEXP relatively recently did a 1 to 50 reverse split. From where i am sittin', the company is still losing lots of money. But maybe somebody knows something we clearly don't. We'll see. There are 120k shares in the float, i think.
posted by beanie11111 | 10:00 PM
33 Comments:
Beanie, did you trade VEXP today? How was it? Do you plan to trade it tomorrow? How should I trade it tomorrow?
-Alan
By the way, SILCF is a hold and wait. Earnings for last quarter should come out this month. If they announce profitability, the stock should take off.
ALan,
I did not trade VEXP today, due to lack of decent fundamentals or some type of delicious story (like GRU). I have seen this stock ran before and thought it must have moved due to the extremely low float. It went up to $10 and corrected back to $4 the first time (in March). This rally today has very strong volume however.
I may or may not trade it tomorrow. It depends. Watch for a gap down going toward $10-11. If that holds and reverses upward, then buy in. Or you can just wait out the first 30 minutes. If after 45 minutes it breaks the high traded the first 30 minutes, then you can assume traders are interested. First stop is 14, then 18, then 20, then 24, then 30. Use these numbers as resistances. I give you these numbers with the assumption that traders are still interested in the stock. I may not trade it at all. We'll see.
PAM is so freakin awesome! Look at the range on this baby!!! A trader's dream!!!!!
I don't care if the inpatient keeps selling! I be there to scoop it up and sell it back to them later.
Go spread the word! lol
Sooner or later the masses gonna come, might as well be sooner!
Hey, almost forgot to tell ya.
Be careful of companies like VEXP that are losing alot of money. Management can just come out and announce a bankruptcy and you never know what hit you! So be careful. Trade it if you will but do not hold it overnite.
I still have all my shares of PAM, although i traded it a little bit this morning.
The 2 day uptrend line is still intact. I think we are almost ready for a big move either direction.
Who are the batgirlies who sold PAM at $1.03 (at support level!) ?
"The 2 day uptrend line is still intact. I think we are almost ready for a big move either direction."
either direction ??
dont scare me beanie.
PAM is A-ok.
VEXP: If it breaks $15.29, it would be a good daytrading buy.
VEXP: Low $14 is a supportive buy.
what do you think about thld
Bought PAM once again at the low $1.
Hey if they don't got patience, help em out! lol
What a range PAM is! Wow!
Oh, just to let you know, i haven't sold out on you guys! lol
In the multiyear scheme of things, PAM is trading bullishly.
i like this stock alot. Range is amazing. 25% range today!
THLD looks like junk to me.
Wow, VEXP trying to form an intraday cup-and-handle. If it breaks hod, it's gonna fly. Just watch it. Don't buy yet until break of 15.29.
Traders need to make a living too.
You see that relatively big block sitting at 1.10 on the ask? It's meant to get the sellers into selling. Chartwise, 1.10 is resistance right now. If we get a dumpage later, those guys gonna come back tomorrow and scoop it up again.
I am almost done for today.
Still holding 100% of my shares of PAM (although i traded it today).
Have a great day!
trader,
don't you realize that we have very good volume the last 3 days? 3 days ago, it traded on average of 20k shares!
Yesterday it moved from .8 to 1.37. That is huge! Today we are giving some back, which is very normal.
Volume is very nice. But yes, if we want over 1 million shares to trade daily, management gotta help us out a little..lol... Also, when the PAM goes higher, the volume will take care of itself.
Not worried.
PAM formed a head and shoulders yesterday! A correction today is of no surprise to me.
what do you think about pax
The 50 day MA on PAM is now around .85, which represents great support. I have no doubt or reservation whatever that PAM is headed to the first target of $2.
Down days are when you want to buy.
PAX:
Someone is trying to gather a deal to acquire the company for $2.2 billion. If successful, the company's $1 billion debt gets repaid, leaving 1.2 billion. Another $500 million goes back to GE/NBC, leaving $700 million for 80 million shares outstanding. That would make PAX an $8 stock.
That was just a quick calculation that may have left out alot of things.
Everything is contigent upon the deal being successful.
horton,
You mean you've been holding USEG all this time without selling on rally days? You could have done that and bought back on dying days.
If they don't come out with some press release, i believe USEG could see $5. But 5.50 has decent support - very decent support. USEG is still on an uptrend since last November. With where oil is headed, USEG is relatively a safe stock. 50-day MA is currently $4.32 . Longer term, it's going higher, unless management disapoints.
Just in case anyone is wondering, i am not in PAX or VEXP.
VEXP will be used as a daytrading stock with a nice range. But in the end i believe it's going lower.
Looks like we could get a morning selling pressure at PAM. I hope they take it down to .85 . Would love to buy more there.
PAM: 20day Moving Average is .92 .
coolguy,
I still have all of my shares intact, although i traded the stock for a decent profit today. It rocks!
I am not selling a single share! Unless they come out with some nasty PR! lol
No, i never shorted PAM.
Patience, my friend. If in doubt, please go read the company's filings.
Understand that this is not for a quick momo daytrade like most of my other calls (although it is just as nice for a quick scalp). Quick momo's go both ways - you quick you win and you slow you lose. We will get many more momo's along the way.
If i get profits from those momo trades, i will add the dips (and sell them higher to the newly excited buyers!)
The beauty of watching one stock for awhile is that you get the feel on how it behaves, and then you kick everybody's arse who dares to trade the stock!
In the institutional world, they usually assign one guy to one stock and he trades only that stock for a long time!
We don't need to always fly everywhere looking for a new stock everyday.
The 4 day uptrend line is still intact, and the close of $1 today fell right smack on that line! We may actually end up going higher at the start of the bell.
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