• Ocean Man
    Bought CAT $82.52. Sold it for $85.75. Gain of 4% in 30 minutes. Sorry I couldn't post real-time, was driving to work, but posted Saturday
    10/22/12
    Reply (111)
    • Ocean Man: I was going to do this. Didn't expect it to gain that much in one day though.
      10/22/12
    • mdesilvio: driving to work and trading....impressive. i'm hopeful that you weren't texting.
      10/22/12
    • det9: You work too ??
      10/22/12
    • det9: :)
      10/22/12
    • westcoastinvests: Why would you post this about CAT completely after the fact? Was it just to brag?
      10/22/12
    • JayWright: Relax Westcoast, OM has given me plenty of trading ideas that I may not have known about on my own, including this CAT trade. He did...
      10/22/12
    • JayWright: mention friday he may do it if it dips on monday. give him a break. we all trade at our own risks.
      10/22/12
    • westcoastinvests: He actually gave a specific price he'd be a buyer at. Then when stock spiked today after not falling to his target, he magically had...
      10/22/12
    • westcoastinvests: already bought and sold it. Now I am not saying he MIGHT not have done so but nothing added by coming on and bragging after the fact.
      10/22/12
    • westcoastinvests: It simply makes him look less credible and too hungry for praise
      10/22/12
    • wigit5: Actually it may make him look more credible depending on your POV. OM has been posting his buys/sells gains/losses since I began following
      10/22/12
    • wigit5: so the fact that he posted something he really didn't have to could mean hes trying hard to maintain credibility by doing so, and not hiding
      10/22/12
    • wigit5: trades from his followers. It's easy if you don't see this POV just un*follow him and you won't have to worry about it.
      10/22/12
    • westcoastinvests: Giving a price target where he'd be a buyer, then announcing after fact that he had bought and sold even thought target was not reached..
      10/22/12
    • westcoastinvests: makes him appear more credible?
      10/22/12
    • westcoastinvests: Wigit, Posting something he didn't have to?? Yes he didn't have to post a 4% gain that was delivered 100% after the fact.
      10/22/12
    • JayWright: "It simply makes him look less credible and too hungry for praise"...and this simply makes you look like a...get ready for it...HATER.
      10/22/12
    • westcoastinvests: Do you think he would have posted after the fact a 4% loser?? That's my point you wait til after the fact then only then winners get posted
      10/22/12
    • JayWright: just like wigit5 said, he post all his trades, losses, gains, etc. He even posted his loss on ABR which I still hold.
      10/22/12
    • westcoastinvests: You guys really don't understand trading if you think he is giving you all real results, the losers are getting swept under the rug.
      10/22/12
    • westcoastinvests: I love the Hater response to anyone who criticizes those who are less then honest, yeah I hate it when people try to mislead others. guilty
      10/22/12
    • JayWright: what proof do you have that his results arent real? He said friday he was looking at CAT, he bought CAT, then sold CAT.
      10/22/12
    • JayWright: You must think that all followers of OM are brainless noobs who know nothing about trading. Alot of OM observers have extensive knowledge..
      10/22/12
    • JayWright: ..of the market and trading but like to be around like-minded traders who could present ideas we haven't come across yet.
      10/22/12
    • westcoastinvests: Like the idea that if you had bought and sold CAT an hour ago you would have made money?
      10/22/12
    • westcoastinvests: He makes some good posts, my point was this one about CAT was not one of them and shouldn't have been made.
      10/22/12
    • JayWright: I have a FT job so I can't scour the market all day. but I can glance at a stocktalk and see an idea and study it further for myself.
      10/22/12
    • JayWright: Not an hour ago, but if i bought friday when he mentioned it I would be in the green right now. its up from fridays close.
      10/22/12
    • westcoastinvests: Yes but he announced he would be a buyer under 82, gave a very specific target, if one was following you'd be sitting around waiting for 82
      10/22/12
    • westcoastinvests: So great maybe he scrapped that plan and bought sooner, fine. But he didn't tell anyone so don't come on after and brag about it.
      10/22/12
    • JayWright: If thats OM wants to get in, thats his choice. maybe after being directed to CAT, I decide I wanna get in at a point above 82. maybe...
      10/22/12
    • wigit5: Your missing the point westcoastinvests: NONE OF US except OM knows all of his trades; however, up to this point he hasn't given us (or me
      10/22/12
    • JayWright: ...he changed his mind at got in above 82. OM presents ideas and the follower can take the idea and alter if they choose. the point is...
      10/22/12
    • wigit5: personally) any reason to doubt him. Your basically criticizing someone's character without know that person whatsoever. Therefore I'm goin
      10/22/12
    • wigit5: to have to assume you're just mad about something or out to pick bones.
      10/22/12
    • JayWright: ...he directed my to CAT when I may not have known it was taking a beating. I work FT and cant scour the market all day. so SA is helpful
      10/22/12
    • Bildar: I think the point here is whether or not it is helpful to others to post an after the fact trade, and if it isn't, what is the motivation?
      10/22/12
    • westcoastinvests: Bildar, that is exactly the point. No one gains when someone reports a trade 100% after the fact.
      10/22/12
    • wigit5: The motivation could be to maintain status quo by posting his trades... I don't know like he has been for the last 3-6 months maybe?
      10/22/12
    • westcoastinvests: Jay an Wigit I'm sorry if my criticism of OM comes off personal, it is not. Winning trades posted after the fact serve noone but the poster
      10/22/12
    • westcoastinvests: I would argue the only time posting trades after the fact have value are if they about a losing trade and explain a mistake a trader made
      10/22/12
    • westcoastinvests: The admission of mistakes can help others potentially learn from these mistakes
      10/22/12
    • Bildar: wigit: OM has plenty of posts that can be accessed by stock ticker to give a good indication of performance for due diligence purposes.
      10/22/12
    • JayWright: Personal?? lol...nothings personal to me on SA...I'm all about business. I understand your stance but our views differ a bit.
      10/22/12
    • Bildar: OM: If I were you, I wouldn't want to mess around with a good record of real time posts.
      10/22/12
    • Ocean Man: There's nothing after the fact about it. I posted before the fact, that if it dropped Monday I would buy it. I did, and posted the first
      10/22/12
    • Ocean Man: chance I got. I also posted my sale to let anyone who followed me on the assumption I had bought the drop as I said I would, that I was
      10/22/12
    • Ocean Man: content with the 4% gain. I never said it had to go below 82 for me to buy, I simply mentioned where the yield crossed a round number.
      10/22/12
    • Ocean Man: westcoast - I don't care how YOU think I can improve my posting or credibility. YOU can stop giving suggestions, as they will be ignored.
      10/22/12
    • Ocean Man: Anyone else can feel free to offer suggestions on how I can be more helpful to you in my posts, and if I can fit it in around my job and
      10/22/12
    • Ocean Man: family obligations, I'll take it into consideration.
      10/22/12
    • Bildar: OM: Your post: "I'll probably buy the shares. If it drops under 82 the yield is over 2.5% which I'd be alright collecting while I wait."
      10/22/12
    • Bildar: OM: And your entry was not realtime, as most of yours are.
      10/22/12
    • Ocean Man: Wrong again, Bildar. The word "probably" was in response to a question of whether I would buy calls or shares. The yield was not above 2.5%
      10/22/12
    • kevin1533: You guys are ridiculous. OM always posts realtime. And the one time he doesnt, he had the courtesy to mention it.
      10/22/12
    • Bildar: One post like this one is not an end of the world event, but you have a good thing going. I see no reason to ripple the water.
      10/22/12
    • Ocean Man: at Friday's closing price, but it did cross the 2.5% at the 82.52 price I bought at today.
      10/22/12
    • kevin1533: Are you paying the man for his service? seriously get a life..
      10/22/12
    • Ocean Man: And thanks for telling me it wasn't real-time Bildar, not like I mentioned that in the very first line of this thread.
      10/22/12
    • Bildar: OM: That's an arguable point. 82 is a solid statement of price.
      10/22/12
    • hukaka: Ocean man: I do not think you have any room for improvement. You are the best of the best.
      10/22/12
    • Ocean Man: The last time westcoast commented in one of my threads, he said "your real-time posts are too fast for people to do their due diligence in
      10/22/12
    • Bildar: Had I read that post at that time, I'd be looking at the stock hitting 82.
      10/22/12
    • Ocean Man: time to get your price, it would be more helpful if you posted your intentions a day earlier so people could research first."
      10/22/12
    • westcoastinvests: Ocean man, whoa now I never said anything like that.
      10/22/12
    • Bildar: OM: No need to get sarcastic here. Again, if I were you, I wouldn't mess with a good thing.
      10/22/12
    • Ocean Man: Which is exactly what I did w/ CAT, clearly stating 2 days in advance that I would buy it if it drops. Then he comes here & calls me a liar.
      10/22/12
    • Ocean Man: westcoast said this was trade was posted "completely after the fact". That is a lie. I clearly posted I was going to do this.
      10/22/12
    • Bildar: If your issue is with West, take it up with him, not me.
      10/22/12
    • westcoastinvests: Ocean Man plan please find the post you are referring to.
      10/22/12
    • Ocean Man: westcoast said I "gave a specific price I'd be a buyer at". That is a lie. I said I would buy it if it drops, simple as that. Price was only
      10/22/12
    • Bildar: OM: What?? You apologized in the first post here about not posting realtime. Not realtime is "after the fact".
      10/22/12
    • Ocean Man: mentioned when discussing shares vs. calls. After these two lies, I deem westcoastinvests to have lost all credibility. As such,
      10/22/12
    • westcoastinvests: You seemed to imply that you liked it at 82 I can see where you did not specifically say you would wait for 82 to be a buyer
      10/22/12
    • westcoastinvests: I am curious about your opening purchase this morning did you actually make it while driving?
      10/22/12
    • Ocean Man: any comments he makes should be ignored.
      10/22/12
    • westcoastinvests: Ocean yes your trade was posted completely "after the fact" both entry and exit.
      10/22/12
    • Ocean Man: Here's the original post: http://seekingalpha.com/s/8jmnj
      10/22/12
    • westcoastinvests: Yes I see you made a vague statement about buying "if it falls" mention yield at 82, fine, no problems there.
      10/22/12
    • westcoastinvests: Your then completely after the fact posting of entry and exit I object to, I will apologize for misreading your commitment to 82
      10/22/12
    • Ocean Man: The trade was posted before the fact. Only the price I got was posted later. The trading range during the opening 10 minutes was
      10/22/12
    • Ocean Man: 82.33 to 82.89 and my price was pretty close to the middle of that range.
      10/22/12
    • westcoastinvests: What is your point about the opening range, did you place your entry from the car? How did you get in market, limit?
      10/22/12
    • Ocean Man: A logical person would have guessed I bought around 82.50 / 82.60 in the absence of my ability to post right away.
      10/22/12
    • Ocean Man: I didn't say I might buy it. I said I will buy it if it drops. I would be a liar and less credible if I hadn't bought it.
      10/22/12
    • westcoastinvests: What?? why would anyone assume that? How did you enter the trade?
      10/22/12
    • westcoastinvests: You not once mentioned you would be a buyer at the open, you said "If CAT falls on Monday, I will be a buyer" No mention of buying open
      10/22/12
    • Ocean Man: My series of posts achieved the following: A) I let my followers know my plan for Monday in advance, B) I let them know asap that I had
      10/22/12
    • Ocean Man: followed through on the stated plan, and C) I let them know asap that I had decided to exit and why. In my opinion, this series of posts was
      10/22/12
    • Ocean Man: helpful to people. I'm not posting to show off % gains or try to compete with anyone, and most certainly not to brag.
      10/22/12
    • westcoastinvests: Now if you had said you would be buying CAT if it opens lower, then thats another story
      10/22/12
    • Ocean Man: westcoast - if the above isn't good enough for you or helpful to you, then don't read my posts.
      10/22/12
    • westcoastinvests: Can you explain today's entry was it done from the car? Was it a market order or a limit buy? Would help me understand.
      10/22/12
    • kevin1533: westcoast sound like a crazy ex girlfriend... get on with ur life. if you dont find OM helpful, dont follow him.
      10/22/12
    • westcoastinvests: Calling me names isn't going to hurt my feelings just trying to see people be accountable to the truth.
      10/22/12
    • westcoastinvests: I think my question for Ocean man about how he executed his entry is a valid one.
      10/22/12
    • JayWright: keep it going...this thread is 3 short of the century mark!! somebody really doesnt like OM!!
      10/22/12
    • sstonerm3: Westcoast (ok nine characters of 140 wasted already) Get over it. What was your last useful contribution here?
      10/22/12
    • caddy311: westcoast - if you don't like it, don't read. OM - 90+ entries on this...wow
      10/22/12
    • JayWright: ok, i'll do it...100!!!!
      10/22/12
    • bradyc: darn ...westcoast again?! All I want to say to OM is, thanks for the trade. I followed your advice, got in around 83 and sold around 85.5!
      10/22/12
    • segenault: Ocean man, take me by the hand, lead me to the land that you understand.
      10/22/12
    • trossi22: If anything the post was helpful in announcing he had closed the position. Nothing to see here...
      10/22/12
    • det9: Had to work late and just saw this.. I dont quite understand what this fuss is abt..This is a open forum and everybody can do what they want
      10/23/12
    • det9: I made good money following OM..and I do not care a bit if he posted aftermath or not..Its not like he is forcing anybody
      10/23/12
    • det9: I understand where WestCoast is coming from but OM should not be one of them..I do my own research and do not like to blame others..
      10/23/12
    • det9: I made a poor call following Maria and bought MRVL last earnings and have the biggest loss along with TVIX...but its all part of learning..
      10/23/12
    • 1980XLS-2.0: OM posts his TRADES and provides link from original 99% of the time. He Pm'd me on Sat with his intent on the CAT trade. I believe him.
      10/23/12
    • JayWright: @det9...I too lost following Maria Auz with NAV. I think she purposely misleads. plus "she" posts a lot of foolishness. for example...
      10/23/12
    • JayWright: ...I saw a post where she stated a law is coming out where you cant daytrade the same stock twice in one day. silliness.
      10/23/12
    • det9: JW:As I said before, its part of learning.As for silliness I think you are being too kind.There are some other adjectives which fit better:)
      10/23/12