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This is it, Fools...

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September 23, 2009 – Comments (49) | RELATED TICKERS: THS , IT

Yes, This is it. This is it, my fellow fools.

Today was the first day of the market's decline everybody was expecting and predicting for so long now. Some since April, some since July, some since last week...

I know a bunch of you called the top recently (and I was telling you you were wrong, and btw. I was right), but today, today was the day.

Today was the day to buckle up for a wild ride (if you are a long term / buy-and-hold investor) or today was the day to sell (if you are all about protecting your short term gains, just like me).

Yes, just like I said on 7/13/09 that was the first day of the market's new run (and market was up ever since), and just as I said at the beginning of September that we will have another 3 good weeks (and I was right again), today I'm saying: We are in for a 4-6 weeks slide. Today was the beginning...

p.s. Don't panic. All of this was already predicted here. There will be another great opportunity to cash in this year... Good Luck, Fools!

 

49 Comments – Post Your Own

#1) On September 23, 2009 at 10:19 PM, alexpaz (28.98) wrote:

You remind me of this youtube video for some reason.

http://www.youtube.com/watch?v=c3ABE3wvxzA

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#2) On September 23, 2009 at 10:32 PM, dragonLZ (99.39) wrote:

A good one, alexpaz. A good one... :)

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#3) On September 23, 2009 at 10:44 PM, alexpaz (28.98) wrote:

Haha, can we be friends?

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#4) On September 23, 2009 at 10:50 PM, dragonLZ (99.39) wrote:

Of course. I think I like you already... :)

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#5) On September 23, 2009 at 11:08 PM, prose976 (< 20) wrote:

Let's not be too rash just yet.  At Dow 10,000 we will have solid ground for flat trading for the foreseeable future.  There is where you'll have you opportunity to buy in.

There are many variables that need to be met still.  Also fund managers need to put in their base.  They can't be in cash, bonds or treasuries just yet.  And gold is not a fund play.  The funds/institutions are putting in the base with dividend equities right now.  There is where the money will stay, and there is where the players will play.

There is no big drop coming.  Why?  Because there is no money in it for the big players because they cannot manuver with the same agility as day traders. Additionally, to whip up more fear into the markets is not a wise move on the part of those who have the most in it.  Why?  Because all the littlow minnows will swim away and the Whales would be left high and dry without any volume...especially with new restrictions that the SEC is about to put in place to curtail computerized microtrades.

I know it's disappointing for all of you who missed the big run-up, but that's not the only way to make money.  There are ALWAYS good deals to be had in the market.  Just find those deals, and no matter how high it's run up you should be able to make some fairly decent gains.

Fool on!

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#6) On September 23, 2009 at 11:35 PM, TSIF (99.96) wrote:

Agree Prose,

We will continue with 2-5% corrections on occasion, followed by up periods. The net will be up for the year. Especially after we cross DOW 10,000.  Granted earnings will be spotty and investors are clearly nervous as indicated by the late day swing.  Overall, however, there are too many on the sidelines wishing they had gotten in. Each 2-5% correction will start some of them buying and up we will go again.  You are right Prose, the money managers will not finish the year uninvested.

There will be select pops and drops, as always with some equities.  Mr. Market for 3 reasons will continue popping worthless stocks.

Good luck. 

 

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#7) On September 24, 2009 at 12:14 AM, Momentum21 (86.23) wrote:

Let me start by saying I really have no real evidence to argue with you dragon. I myself believe that the inflation trade is overbought and haven't participated in the full rally since MArch. I was bullish at the bottom, played it for a few weeks and took a quick exit and gave it all back plus a ton going short not long after.

The only lesson that I learned is that the trend can be your friend.

With that I jumped back into the party in August and have realized a 18% return in 30 days. Seemed crazy at the time. 

Fundamentally we might be running on fumes...the market seems to be overbought...but who am I to set "fair value" on this thing. If I exit now when do I get back in? There is no need for me to call a top. If the market crashes tomorrow and I lose my gains and then some so be it. At this point I would prefer to see some support get firmly broken before I pull the trigger and surrender.

I do worry but I still think that the fact that everyone is hyper-alert to danger these days will keep things moving. The market will come back to earth but when I take time to think about it calmly I believe that too many people still want to participate for us to see the trap door open now. 

I remember trying to hop on short in mid July when we broke below 900. The snap back was a rude awakening.  

Extreme government intervention is probably not good for the long haul but for now the net is still there to protect us and the path of least resistance is upward. Take some profits and proceed with caution but calling bottoms is much safer than calling tops...IMHO of course.  

PS. I really wish I read your post on 7/13/09!

You ever buy ABR? 

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#8) On September 24, 2009 at 12:22 AM, dollarpuppy (78.01) wrote:

Though in general I think it's rarely worthwhile to prognosticate, I do agree with you on this one.  I think today was the day, and I'm braced for at least a 10% slide between now and the end of October.

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#9) On September 24, 2009 at 7:06 AM, dragonLZ (99.39) wrote:

I based my decision on the best market index I know of. You probably never heard of it, but so far, it has never failed for me.

It's called My-Greed-and-Stupidity Index, and as you can see it's made up of 2 indicators. Both of them yesterday reached a level that means nothing but: SELL, SELL, SELL.

1st Indicator: Last week, I took a loan out of my 401K account (maximum amount available), because I wanted to maximize my returns by having as much "fresh" money to invest as possible. When did I start investing that money? Yesterday morning.

2nd Indicator: Which stocks I started buying yesterday? Penny stocks (not exactly, but barely over $1) and junk (highly speculative) stocks. And I just couldn't stop myself from doing it, even though for weeks now, I'm convineced we'll have a market decline coming at the end of this month. (Btw., yesterday morning, after I bought 4 junky stocks, I was up 20+% immediately on 3 out of 4, but ended the day in red on both my "old" and "fresh" money).

In the past, this index worked for me like a charm (especially in 2004), and I have no reason to belive this time will be any different. I mean, this just works every time. Guaranteed.

 Whenever I went "all in" in the past, and was ecstatic about it (and blinded by greed), that was the exact best time to sell. Yesterday's reversal just told me: I'm "right" once again...

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#10) On September 24, 2009 at 10:47 AM, jason2713 (< 20) wrote:

Awesome, right when I get into GTN, it PLUMMETS.  You gotta love it.

Bought it at 2.75 thinking maybe 2.95, 3.00 maybe.

Now its at 2.23 and going lower...gotta love it, as usual, my timing blows.

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#11) On September 24, 2009 at 11:19 AM, dragonLZ (99.39) wrote:

Bad timing, jason, bad timing. However, I honestly think in a month or so, this stock will be a Buy again...

Momentum, no, I've never gotten back into ABR  as I thought I missed 2 good entry points. Yesterday, I bought AHR instead (and I'm down 12% today. It sucks, but luckily, that's only $60 down, as I bought "only" 400 shares). I'll take a look at ABR again in a month or so. Good Luck!

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#12) On September 24, 2009 at 11:26 AM, IIcx (< 20) wrote:

SPX 1080 may be the top but its likely we'll stay in a sideways trade to the end of September due to fund rebalancing. October may not be pretty if earns fall flat and the BDI continues to fall.

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#13) On September 24, 2009 at 11:35 AM, dragonLZ (99.39) wrote:

My score...

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#14) On September 24, 2009 at 12:27 PM, richlongrun (89.74) wrote:

In real money world, we all have to make choices. Do I go safe and get killed by inflation and small intrest rates? or stay in equities? I'm going to be riding the BULL! for a long,long time, with some dividend stocks babeee!

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#15) On September 24, 2009 at 8:46 PM, dragonLZ (99.39) wrote:

jason, I feel really bad about your (untimely) buy og GTN.

However, I'm so sure this stock will go up again (will at least be $6), that I'm willing to back it up with real money (if you haven't sold already).

If you have up to 500 shares, I will reimburse you for 50% of your loss (you have to take some responsibility too).

I promise I'll do this (I'm not kidding).

Give it (me) 6 months. At the end of March 2010, just let me know what is your loss, and I'll send you a check. I promise.

p.s. If you want, you can e-mail me the details already.

p.p.s. If you double your money within the next 6 months, you don't owe me anything... :)

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#16) On September 25, 2009 at 5:21 AM, TMFUltraLong (99.95) wrote:

Hope you have a deep checkbook if you're backing stocks like GTN

UltraLong

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#17) On September 25, 2009 at 9:31 AM, dragonLZ (99.39) wrote:

UL, unfortunately, I don't have a deep checkbook..., but I did go to a Chinese restaurant 2 days ago, and you know what my fortune cookie said?

Don't be hasty, prosperity will knock on your door soon. :)

 

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#18) On September 26, 2009 at 11:50 AM, topsecret09 (37.40) wrote:

 Very good DRAGON... I totally agree......  82) On September 26, 2009 at 11:34 AM, topsecret09 (70.19) wrote:

   For me the DJIA Has given Its latest SIGNAL Thursday September 24th.  DMI+ has crossed DMI- to the downside,and at the same time we are falling below the signal line (bearish), at least In the near term. The market run from early July to mid august looks legit. Since then we have for the most part been staying BELOW the signal line even though the market has trended higher. This cannot be sustained. The market should head DOWN here.....   TS

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#19) On September 26, 2009 at 11:52 AM, dragonLZ (99.39) wrote:

Good, we finally agree on something... :)

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#20) On September 26, 2009 at 12:03 PM, topsecret09 (37.40) wrote:

#9) On September 24, 2009 at 7:06 AM, dragonLZ (97.25) wrote:

I based my decision on the best market index I know of. You probably never heard of it, but so far, it has never failed for me.

It's called My-Greed-and-Stupidity Index, and as you can see it's made up of 2 indicators. Both of them yesterday reached a level that means nothing but: SELL, SELL, SELL.

1st Indicator: Last week, I took a loan out of my 401K account (maximum amount available), because I wanted to maximize my returns by having as much "fresh" money to invest as possible. When did I start investing that money? Yesterday morning.

2nd Indicator: Which stocks I started buying yesterday? Penny stocks (not exactly, but barely over $1) and junk (highly speculative) stocks. And I just couldn't stop myself from doing it, even though for weeks now, I'm convineced we'll have a market decline coming at the end of this month. (Btw., yesterday morning, after I bought 4 junky stocks, I was up 20+% immediately on 3 out of 4, but ended the day in red on both my "old" and "fresh" money).

In the past, this index worked for me like a charm (especially in 2004), and I have no reason to belive this time will be any different. I mean, this just works every time. Guaranteed.

 Whenever I went "all in" in the past, and was ecstatic about it (and blinded by greed), that was the exact best time to sell. Yesterday's reversal just told me: I'm "right" once again...  LOL !!!!!!!!!!!!!!!!

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#21) On September 30, 2009 at 5:45 PM, jason2713 (< 20) wrote:

jason, I feel really bad about your (untimely) buy og GTN.

However, I'm so sure this stock will go up again (will at least be $6), that I'm willing to back it up with real money (if you haven't sold already).

DragonLZ

No big man, it's been bouncing all over the place but holding in a range that I'm ok with.  Overall I'm down 20% on about 6,000 shares (yes big ballin'), so although it's been a pretty big hit to my portfolio, I'm ok with it.  I wouldn't have gone in so heavily if I didn't think this was at least a 2 bagger.  I bought in around $3.07 soft, then 2.90 soft, then 2.78 a bit harder, then bam! at around 2.60 I went for the gusto, only to be foiled the next day when I posted that comment haha!

It's only money I guess.  I do think this is a good company, I read their reports and I think next year being an election year, they will gain a lot of revenues from that (which were down the most I believe out of everything since it was not an election year).

I'd say if the stock goes to around 2.20 which it did today again, that's a good entry point. :)  Too bad I'm totally vested in stuff or I would have gone in even harder at 2.20.  Wish me luck!

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#22) On September 30, 2009 at 11:13 PM, dragonLZ (99.39) wrote:

Holy cow, Jason. 6,000 shares. ARE YOU CRAZY, MAN?

If you have so much money to invest in one stock, maybe you should hire me as a financial advisor. I'll make you a deal:

You don't have to pay me all the way up to your first million, after that I'd be happy with 10%. Deal?

p.s. I thought the same thing today. At 2.20, I think GTN has pulled back enough, and at this level is a BUY again. Most likely, I'll pull the triger yet this week (which doesn't mean you should buy some more even though I still think $6 is a good target).

GOOD LUCK!

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#23) On September 30, 2009 at 11:15 PM, dragonLZ (99.39) wrote:

Forgot to ask: Have you read this?

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#24) On September 30, 2009 at 11:25 PM, topsecret09 (37.40) wrote:

    Insiders have bought GTN between $2.38 and $2.88... TS

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#25) On September 30, 2009 at 11:58 PM, dragonLZ (99.39) wrote:

Update on 50%Portfolio is here.

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#26) On October 02, 2009 at 1:07 AM, dragonLZ (99.39) wrote:

It is ridiculous how good of a stock GTN is (in my mind, of course):

It started going upon 8/25/09 when it went up from 0.47 to 0.70. A 49% jump? Volume that day 2.6 million (one of the highest one-day volumes ever for GTN up until that day).

The next day, GTN goes up from 0.70 to 0.96 (37% jump) on 10.1 million volume - highest ever in GTN's history.

On 9/8/09, GTN jumps from 1.06 to 1.19 (12%) on 5 mil volume.

On 9/18/09, jumps from 1.66 to 2.65 - 60% jump on 4 mil volume.

The next day, on 9/19/09, GTN jumps another 11% on 7.6 volume.

Just to put it in perspective: During the year of 2003, 2004, 2005, 2006, 2007, 2008, and first half of 2009, GTN's average monthly volume (number of shares traded for a whole month) was 3-4 milion shares.

Now, GTN shares trade 4+ mil shares in a day (let me repeat that: in one day), and on those high volume days GTN usually goes up.

Let's now take a look at the sell-off that started on 9/23/09 (after GTN was up 530% in 4 weeks):

On 9/23/09, GTN was down 11.5%. Volume: 1.9 million.

On 9/24/09, down 10%. Volume: 2.1 million. 

On 9/30/09, down 8%. Volume: 785 thou (less than 1 mil).

On 10/1/09 (today), down 7%. Volume: 1.3 million.

 

I hope you noticed the pattern: When GTN goes up, volume is huge, 4 mil and up. When it goes down, 2 mil or less.

What does that mean for us: There is much, much more buyers than sellers (even after a 500% run in 4 weeks, and even after the market started going down on 9/23/09).

There were also many more up days for GTN during these past 6 weeks than down days.

And one more very important thing: Today, at $2.16, GTN is still up 360% from its 8/24/09 price of $0.47 (and 8/24 was just 6 weeks ago).

Now, the questions are: If GTN really is such a dog as a lot of Fools think, why GTN didn't fall to its old sub-$1 levels yet? Why the people who bought this stock in 7 or 10 mils are now seling in 1 or 2 mils volume? Why they are not dumping it like crazy. Shouldn't they be protecting their 360% profit? 

And the answer is only one: They are taking some profits (some, thus low volume), which is completely normal after the 500% gain (and after the market has turned lower), but they are not getting out completely because they expect to make much more money on GTN in the future.

It is as simple as that. Take  a look at any other huge winner and you will se the same volume-and-price story behind it.

And that' all I had to say about GTN. Time will tell...

OK, one more thing: Go GTN!

p.s. For those who haven't seen it yet: The volume story is here.   

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#27) On October 02, 2009 at 1:29 AM, TMFUltraLong (99.95) wrote:

DragonLZ,

I'm glad you're making money but I can't let you keep trumpeting Gray (GTN) as such a wonderful company when its a heartbeat from insolvency. Its debt rating is basically junk, it has a mountain of debt to contend with, and its nowhere near cranking out a profit.

These high volume days are highly misleading based on the way you present them. Who's to say that higher volume days don't lead to significant churning? I'd bet the majority of GTN's run was based on short covering and day-trader churning, not long-term buying. This has been gyrating so much that there is little long-term conviction buying here and there arent any indications to say otherwise. Who's to say that people are holding on at all? Perhaps daytraders have made their play here and moved on completely. I mean seriously, this is a 500% move from a company that somehow escaped bankruptcy.

I just don't think you can use volume here and say "look, I was right and will continue to be right"... there is so much more to this company than such a short amount of daytrading data to go off of. Now am I planning to put any real money either way on GTN, heck no, but definitely put me in the heavy bear camp with this company.

UltraLong

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#28) On October 02, 2009 at 1:25 PM, TSIF (99.96) wrote:

Unlike earlier recessions there are also several other variables with this one.

1. New software has triggers to detect price share changes and large volume. 

2. There are more general "retail investors" now than ever before.

Put the two together and you will get volume spikes of speculators and those who can't read balance sheets. Professional traders know this, cause a spike in price and then ride it for profits, leaving bagholders behind. There are some beaten down companies out there and people will start to find them and possibly spike them, but not all volume spikes are viable companies.

GTN and WNC are two examples of stocks to avoid unless you're a day trader, with a daytrader risk/reward mentality.

CNO and BPOP are two you have flagged that, while speculative and could have unseen balance sheet issues, are better possibilities for speculative traders with good risk tolerance.

Good luck.

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#29) On October 02, 2009 at 2:55 PM, dragonLZ (99.39) wrote:

UL, first of all, thank you for reding my blog. I'm really honored that a Top Fool (I see you are a Top Fool again - Congratulations) cares to read what I write.

Secondly, you say: "These high volume days are highly misleading based on the way you present them. Who's to say that higher volume days don't lead to significant churning? I'd bet the majority of GTN's run was based on short covering and day-trader churning, not long-term buying".

Let me then ask you: "How do you know? How do you know I'm wrong and you are right?"

You don't, right? You are speculating just as I am.

You laid out your case on GTN (a bearish one) and I laid out mine (a bullish one).

Only the time (and Mr. Market, of course) will tell who was right and who was wrong...

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#30) On October 02, 2009 at 3:04 PM, dragonLZ (99.39) wrote:

TSIF, I agree with your #2, but not with your #1.

Because of the #2, I think this bull is going to be the biggest one ever, just as I expect any bears to be again brutal like none of them before. Just my theory...

I also agree CNO and BPOP are safer (even still risky) plays than GTN and WNC.

However, I like to play dangerosly (gives me more pleasure when I'm right)...

I still disagree with your (and UL's) theory that this is just speculators playing with these 2 stocks. I have my theories why I think so (mentioned some in my posts about both GTN and WNC), but once again, the time... 

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#31) On October 02, 2009 at 3:08 PM, dare1182 (< 20) wrote:

I need important analysis of certain stocks, I will pay for someone's opinion but they would have to have a proven record of success.. email me at dare1182@aol.com

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#32) On October 03, 2009 at 1:55 PM, dragonLZ (99.39) wrote:

dare, as you can see, both UL and TSIF have a proven record of success.

I'm still working on mine, but it's coming...I can feel it...

p.s. Give me a stock or stocks, and I'll tell you (free of charge) what I think based on my "chartology skills". Once you start making money, then we'll talk about the compensation... :)

Good Luck!

 

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#33) On October 04, 2009 at 1:45 PM, dragonLZ (99.39) wrote:

I hope by now everyone knows one should not invest in cheap stocks.

However, here is one I like (but is by no means my buy recommendation to you, even though, I did start a small position last week):

RAME, $1.65, Independent Oil & Gas

RAME was first circled in my book (Yes, I do keep a book) on 9/15/09 when it was up 35% (from $0.90 to $1.22) on 2.4 mil volume (avg. volume for RAME up to that point: approx. 200 thou).

The confirmation came on 10/01/09 when RAME jumped from $1.21 to $1.61 (33% jump) on 5.2 mil volume (approx. 20 times the average volume).

A day later, on 10/2/09, RAME was pretty much flat, which is a very good sign: There is not a lot of people anxious to sell after the big jump. Another good sign is that RAME kept trading around $1.20 after it's first jump on 9/15/09.

Summary: RAME, at $1.65, is a BUY. Short-Term Target: $2.40 (50% gain), Mid-Term Target: $4.00, Long-Term Hopes: $10.00.

 

Disclaimer: Read the first sentence in this comment once again...

    

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#34) On October 04, 2009 at 2:21 PM, dragonLZ (99.39) wrote:

Put SEH on your watch list.

Now at $9.95, it is 28% down from its YTD highest closing price of $13.73 on 8/12/09.

Any jump of 10% or more on higher than normal volume will be a BUY signal to me...

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#35) On October 04, 2009 at 2:23 PM, dare1182 (< 20) wrote:

hey dr

 whats your take on PCS,SRZ,ETFC?

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#36) On October 04, 2009 at 2:37 PM, dragonLZ (99.39) wrote:

Forgot to say that SEH fits the profile of "Early leader taking a beating during correction - should recover nicely once the market starts going higher again."

On 3/11/2009, SEH was at $1.32. A day later, SEH jumped 61%, and continued going up until 8/12/09 (when it finished its 940% run from 1.32).

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#37) On October 04, 2009 at 2:51 PM, dragonLZ (99.39) wrote:

dare, first of all, why are you interested in risky stocks? Not good, not good... (unless they are just a part of your more balanced portfolio).

PCS, My rating: Stay Away (until something changes for the better). Should be revisited if it starts going up. Right now, I think there is a greater chance of PCS going lower than going higher from here.

SRZ, I like it, but wouldn't bet a lot of money on it. Imo, if you can handle some ups and downs, you should double your money in 5 months or less (note: higher than normal risk).

ETFC, I like it... (same as above).

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#38) On October 04, 2009 at 3:53 PM, dare1182 (< 20) wrote:

Thanks Dr

what do you think is about to go on this coming up week. AA reports on wednesday and expectations are low, do we continue the rally, or do we stall here??

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#39) On October 04, 2009 at 8:11 PM, dragonLZ (99.39) wrote:

dare, I'm still sticking to my "old" prediction that market will be going down through the first 3-4 weeks of earnings season.

Based on its chart, it looks like AA might surprise and see its price jump on Thursday. If you own it already, hold it. I would buy it only if it doesn't go up before or on Wednesday. A down day on Wed. would be (imo) a good sign (AA is reporting after the market close on Wed.)

If you like gambling, there is another stock reporting on Wed. afternoon: PRXI.

It is a highly speculative play, but I expect it to jump anywhere between 30 - 50% on Thursday (unless is up on Wed.,blah, blah....same as what I said for AA. It would actually help if it is down all 3 days before Thu.).

PRXI is a $1.09 stock today, and if it does have a nice jump on Wed., it should easily double in 3 weeks or so.

 

Disclaimer: If you bet more than you can afford to lose, you might have a gambling problem. Please contact gambling help authorities in your area... 

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#40) On October 04, 2009 at 9:12 PM, dare1182 (< 20) wrote:

Thanks alot Dr. I will give this one a try and take a chance : )

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#41) On October 05, 2009 at 1:13 AM, dragonLZ (99.39) wrote:

Good Luck!

p.s. Don't buy until Wed., and buy only if it doesn't go up before then. In that case, I will be a buyer too (on Wed. afternoon).

I hope you understand betting on PRXI to jump on Thu. is a gamble. However, I think PRXI is also a valid play as a mid to long term investment.

It had earnings of $.42 in 2008 and it was a $16 stock in July of 2007. Llike everything else, their earning started declining toward the end of 2007, and their share price followed.

It is a consumer discretionary stock so its recovery will depend on the economy a lot. However, the nice jump on Thu. might come just from them losing less money than in the last quarter and/or by them  incerasing the revenue comparing to the last quarter. That would mean things for PRXI (and the economy) are getting better. They did cut 18% of their workforce at the beginning of July so its possible they lost less money (even though it might be too early for that).

Back in March, PRXI was at .44, and it's slowly climbing up ever since. During the last two quarters, the volume is going up (twice over a mil; before, avg. vol was less than 100 thou), and there were more up than down days. Insiders bought heavily around .70 back in May and July.

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#42) On October 06, 2009 at 12:54 AM, dragonLZ (99.39) wrote:

MEDIA is HOT...

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#43) On October 06, 2009 at 8:11 AM, devilzadvocate (50.67) wrote:

Do you think there's still decent run left in Media stocks? I have missed this boat and am itching to pull the trigger today..

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#44) On October 06, 2009 at 12:02 PM, dragonLZ (99.39) wrote:

devil, I think this is just a beginning.

GCI is a safe play now, BLC will easily be a 3-bagger from here...

More speculative, but with much higher possible returns: GTN, MNI, LEE.

Let me now quote somebody else who also gets these media stocks. I don't know the guy, and he probably is no expert just like me, but I like his thinking:

Reply: kristm 9/16/09 2:28 PM

Reply | Rec This (Recs: 0) | Report this postJust like oil, advertising is cyclical - so businesses that generate most (or all) of their revenue from advertising tend to be cyclical as well. Sinclair still has a good position and a strong future when things recover, it's just being beaten down along with (and somewhat beyond) its peers. Buying Sinclair last month is comparable to purchasing Exxon-Mobil during the last period of cheap oil. I picked it on Caps and then picked up some for my real portfolio too. I'm up 70% in only a few weeks and plan to hang on for a while.

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#45) On October 06, 2009 at 11:55 PM, dragonLZ (99.39) wrote:

#13) On October 06, 2009 at 11:54 PM, dragonLZ (98.83) wrote:

I'm sticking my neck out today on GTN (again):

I say that GTN, with today's closing price of $2.18 (only 18 cents over $2), will not see it's closing price fall below $2 within the next 3 years or more (including never).

p.s. As a bonus, I'll also say that GTN will be going through the $3 mark in 30 days or less.

Dead serious.

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#46) On October 07, 2009 at 12:33 PM, dragonLZ (99.39) wrote:

#88) On October 07, 2009 at 12:30 PM, dragonLZ (98.26) wrote:

..., Here is today's e-mail (p.s. RPRX is a bio stock that I bought based on the chart; news were actually bad a few weeks ago):

From:
Sent: Wednesday, October 07, 2009 12:25 PM
To:
Subject: How to make $1000+ in 7 days

Follow the instructions below very carefully: 

1.       Invest $900 in a very cheap stock (see attached confirmation of  my buy of 1,000 shares of RPRX on 10/1/09 at $0.89)

2.       Wait patiently for one week

3.       Celebrate RPRX’s 125% jump today (see attachment below)

4.        Do the math: 1,000 shares x $1.12 = ? 

Disclaimer: Math can be hard sometimes…

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#47) On October 08, 2009 at 12:01 AM, dragonLZ (99.39) wrote:

With GTN ending the day at $2.08, I now have only 9 cents left before I'm proven wrong with my prediction of GTN not falling below $2 in 3 years or longer.

Very exciting, very exciting...

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#48) On October 09, 2009 at 1:40 AM, dragonLZ (99.39) wrote:

It's been a while since TSIF posted or said anything...

I hope everything is OK (vacation, maybe?).

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#49) On October 21, 2009 at 10:48 AM, tigerdiesel (< 20) wrote:

dragon, Im new to blogging. However I have read some of your blogs and agree with a lot of what you say. Think the market will still go down - just a matter of when and by how much.. ive been short the s&p for a while (have been in the red a while) and am hoping to recover some of that soon if not make a profit or be forced to sell at a loss..

May well be a bad pick but was wondering what your thoughts were on CMZ?

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