• Ocean Man
    CLCT is absolutely a screaming buy right now. Stock has fallen 16% this month, and 30% in 7 months, due to expectations of a dividend cut.
    10/31/12
    Reply (100)
    • Ocean Man: Just announced the dividend this morning - no cut. Longtime followers of mine know how this has been a money-maker between the dividend
      10/31/12
    • Ocean Man: announcement date and the ex-div date just about every quarter for the past 2 years (see my prior Stocktalks on CLCT).
      10/31/12
    • Ocean Man: I have been loading up the truck between 11.97 and 12.00 this morning.
      10/31/12
    • westcoastinvests: So have you purchased more today then what you purchased at 12.30 on 10/16?
      10/31/12
    • sundate36: OM -- I agree. It looks like it's bottoming. I think I'll limit myself to a wheelbarrow (vs. the truck, that is)...:)
      10/31/12
    • westcoastinvests: You are again adding to losing positions without any mention of size making it impossible to accurately tell what your position looks like
      10/31/12
    • adawg304: westcoast -- why does it matter?
      10/31/12
    • westcoastinvests: I hope that if I try to keep him honest that those looking to learn will see the way he twists results and it will help their own trading.
      10/31/12
    • Boatyzaffa: Very thinly traded stock, so please be careful. Also, Duncan Kenneth Richard Sr. sold 28K shares in September. Might not sound like alot..
      10/31/12
    • Boatyzaffa: . of shares but it is 123% more than the average daily trading volume
      10/31/12
    • RMF - Rethinking Modern Finance: OM is a great resource!!
      10/31/12
    • vinyal: interesting trade. Watching from the sidelines. Good luck to OM who really does not need it most of the times
      10/31/12
    • Ocean Man: I don't care if you can tell what my position looks like. When I sell, I'll note what I bought it for, just like I always do.
      10/31/12
    • bradyc: westcoastinvests has been doing nothing but bashing OM. while OM has been helping me making tons of money. That's the differences
      10/31/12
    • westcoastinvests: OM yes but you wont clarify how much you bought at what price, so no way to know if the whole trade was a success or not.
      10/31/12
    • Ocean Man: ^You just apologized for lying about me in another thread (about NCT), yet you're still lying about me here.
      10/31/12
    • JayWright: I dont see a problem if OM doesnt show how much he bought at what price. He always shows basis at sale.
      10/31/12
    • JayWright: OM, he is not paid and anyone who takes note of his recommendations have enough intelligence to research before they invest their money.
      10/31/12
    • westcoastinvests: Yes I apologize that I was incorrect about what I believed to be a purchase of ORAN.
      10/31/12
    • Boatyzaffa: I don't believe westcoast is lying Ocean; he is pointing out that you are not showing your money management skills. This is misleading
      10/31/12
    • RMF - Rethinking Modern Finance: OM is offering what he considers to be good idea. No crystal ball! Please respect the stream. OM is loved by many here.
      10/31/12
    • westcoastinvests: In no way is it a lie for me to say that you add to losing positions without acknowledging how much you are adding to position.
      10/31/12
    • Boatyzaffa: (IMO) to claim a return, to establish credibility, or establish a track record, you need to show how many shares you are buying/selling
      10/31/12
    • westcoastinvests: You just did it in this thread, you posted on 10/16 that you were buying CLCT at 12.30 today you are buying more but not saying how much.
      10/31/12
    • Boatyzaffa: otherwise it is complete nonsense. We can call claim we made a profit, we held on, doubled down, etc. It's pointless, I like bildars...
      10/31/12
    • Boatyzaffa: ...comments on SA being a place where a higher caliber of traders are found, not a place where people (sheeple) are being mislead
      10/31/12
    • Perkins Cove: Boaty, I only tell the number of shares to my broker, my wife, and the IRS. To ask for that here on SA is TMI, IMO.
      10/31/12
    • Perkins Cove: If it's offered, like you do, that's great. But should not be required in establishing credibilty.
      10/31/12
    • westcoastinvests: Rialto, actual share # would not be necessary. Using % when adding to positions would be enough to paint accurate picture.
      10/31/12
    • westcoastinvests: Size only required for credibility when adding to an existing position.If one is not adding or subtracting to an existing position no need
      10/31/12
    • Ocean Man: Your opinion of my credibility or track record doesn't concern me. Facts have changed about this stock, making it a buy today. Someone with
      10/31/12
    • Ocean Man: no position could stand to gain by buying today. The fact that I have an earlier position has no impact on that, other than that I will be
      10/31/12
    • Ocean Man: reporting a smaller percentage gain than anyone who started a position today, at some point in the future.
      10/31/12
    • westcoastinvests: So why not post how much on a % basis you increased the sizeof you rposition today?
      10/31/12
    • Ocean Man: Because no one with credibility has asked me to.
      10/31/12
    • Youngone91: how much more did you buy, I went in with you on the last purchase so I'm down a little, unfazed obviously
      10/31/12
    • westcoastinvests: There now that someone else has asked you, could you provide us with that information?
      10/31/12
    • Boatyzaffa: Ocean-I just believe you would give yourself more credibility by being more transparent. Percentages or number of shares would give clarity
      10/31/12
    • westcoastinvests: Yes OM when you add to a position post how much on a % basis you are increasing the position and results become essentially 100% credible.
      10/31/12
    • Ocean Man: You two should be taking suggestions on how to post, not giving them. When I say "doubled up" or "sold half", those are percentages.
      10/31/12
    • westcoastinvests: OM, yes when you do that those are %, but you rarely do that.
      10/31/12
    • westcoastinvests: You certainly did not do that on this CLCT buy, did you?
      10/31/12
    • Youngone91: why are you so obsessed with this? go make some money
      10/31/12
    • Boatyzaffa: No problem with holding people's feet to the fire if they are making recommendations. My replies below are Ocean's recent post for CLCT:
      10/31/12
    • hukaka: I followed OM at 14.28 and 12.21, and I have a limit order at 11.83 for today. I agree with Rialto that the number of shares is private.
      10/31/12
    • Boatyzaffa: Sep 13 bought @ 14.26 (he confirmed on Oct 10 that he was still holding this to det9) On Oct 16 he said "I finally pulled the trigger onCLCT
      10/31/12
    • Boatyzaffa: "...at 12.30" So about two dollars down. The previous day he said he was watching and may add, so I believe he was adding here. Today...
      10/31/12
    • Boatyzaffa: Ocean has been, "loading up all morning" with CLCT trading at 11.95 level. So three buy ins. What percentage to you double today?
      10/31/12
    • Aliefduffey: This westcoast and boatzaffa guy are trolls. They should be reported. I never hear any other investor provide that much info on positions
      10/31/12
    • Boatyzaffa: Did you buy twice as many shares today as you were holding from the first two buy ins?
      10/31/12
    • Aliefduffey: I follow OM but I am smart enough to know where to put my own money. This is the Internet. Not a brokerage. Everything is as your owe risk.
      10/31/12
    • westcoastinvests: Alief, trolls for trying to bring accountability to the forum? Few investors other then OM spend so much time broadcasting their winners.
      10/31/12
    • westcoastinvests: If one is going to broadcast winners and attempt to help people they should spend equal time on the losing positions.
      10/31/12
    • Boatyzaffa: Why am I a troll for holding someone to their trades?
      10/31/12
    • Ocean Man: I've posted many times not to go big into CLCT until they announce the dividend, then go in big - that's the play. Anything before that is a
      10/31/12
    • Ocean Man: gamble on no cut, as mentioned here: http://seekingalpha.com/s/642kj
      10/31/12
    • westcoastinvests: OM you are actually pointing to an even earlier buy then the ones Boaty pointed out and the div from a previous period
      10/31/12
    • Ocean Man: Here's the 1st buy at 14.26 agreeing about a little chunk, clearly stating that this wasn't the big div play: http://seekingalpha.com/s/7irx1
      10/31/12
    • westcoastinvests: What % are you down overall on the CLCT position you have accumulated?
      10/31/12
    • Ocean Man: Here's the 2nd buy at 12.30, clearly stating that I will add BIG if there's no cut: http://seekingalpha.com/s/8fbll
      10/31/12
    • westcoastinvests: Ok so why do you have to be vague, why not list how much you are increasing the size of the position each time on a % basis when you add?
      10/31/12
    • Boatyzaffa: If Ocean bought 500 shares at each buy in, he'd be in at a cost basis of 12.8367. So CLCT is at 12, so down 0.8367 per share Loss of 1,255
      10/31/12
    • Boatyzaffa: That's a 6.46% loss
      10/31/12
    • Ocean Man: Youngone and huka - My buy today was 14x the prior 2 buys, which were half positions, giving me an 8x size position. I don't recommend that
      10/31/12
    • Perkins Cove: Boaty, ya lost me, and I don't mean the calculations.. Too much time on your hands Bodhisattva?
      10/31/12
    • Ocean Man: others go that big, but I have made so much money on this play over the past 2 years that I feel comfortable with that, although I have gone
      10/31/12
    • Ocean Man: as high as 20x on this play in the past. Note that I often take early, smaller gains on a portion if there's an earnings date before ex-div.
      10/31/12
    • bradyc: OM, I am passing this time. It is a bit scary seeing CLCT not making more money than the div..hmm but good luck!
      10/31/12
    • Boatyzaffa: Yes, Rialto :)
      10/31/12
    • Boatyzaffa: I like stirring the pot and keeping things real
      10/31/12
    • Perkins Cove: LOL
      10/31/12
    • westcoastinvests: OM, wow so that is a rather dramatic increase.
      10/31/12
    • Boatyzaffa: Yes, much more than doubling down
      10/31/12
    • JayWright: Boaty, Westcoast...what do you wish to accomplish through all of this back and forth?
      10/31/12
    • Will Erlandson: Dude, it's the internet. OM's trade ideas don't replace individual DD. You sound like an activist lawyer out to avenge nonexistent victims.
      10/31/12
    • westcoastinvests: OM, why didn't you simply give the information on that dramatic increase in the size of the position this morning when you posted buying?
      10/31/12
    • westcoastinvests: Jay simply trying to show OM how easy it would be to achieve perfect credibility here.
      10/31/12
    • Boatyzaffa: Just trying to raise the bar of the traders. If you make a claim you should be able to prove the claim...that's all, I'll let it go now
      10/31/12
    • Boatyzaffa: Ocean, as I often say I believe you are a good trader. Best of luck in your trading!
      10/31/12
    • westcoastinvests: yep we've beaten this horse enough for day.
      10/31/12
    • Will Erlandson: To what end? Guy holds down a full time job, trades, shares ideas, and now he's expected to feed the trolls too? And then what?
      10/31/12
    • Ocean Man: I didn't have time because I was dealing with lying trolls in another thread who later admitted their false accusations, otherwise I could
      10/31/12
    • Ocean Man: have been helping people by providing additional thoughts and details.
      10/31/12
    • JayWright: Boaty, who gave you authority to "raise the bar of traders"? If you don't trust OM's trades or what he represents, just dont follow him.
      10/31/12
    • JayWright: Westcoast, why does OM have to provide all that information just because you want it? who are YOU? If i was OM i wouldnt waste...
      10/31/12
    • JayWright: ...my finger muscles responding to this foolishness, especially after WC already got his face mushed in the NCT thread.
      10/31/12
    • Boatyzaffa: I'm trying to leave the conversation but Jay is pulling me back in. I'm sorry for appointing myself JaY. I do believe others can be...
      10/31/12
    • Perkins Cove: Most of us are fortunate that OM has not been driven away. Kudos OM. Namasta..
      10/31/12
    • Boatyzaffa: easily mislead. I obviously have no authority, but again if someone makes a claim they should be able to prove it
      10/31/12
    • JayWright: Boat, if u wanna attack those who mislead investors, attack the 1000's of analysts and big time stock "specialists" who say one thing but...
      10/31/12
    • Will Erlandson: http://seekingalpha.com/s/8u6vb Do as I say, not as I do...
      10/31/12
    • JayWright: ...mean another. they're all on the tv and mag's giving out bogus information misleading millions, OM only affects a few hundered, if that.
      10/31/12
    • Perkins Cove: "able to prove it" OM uses links to defend himself far more than his attackers. Take note Boaty.
      10/31/12
    • JayWright: i think Boaty and WC are really wasting good efforts here. OM, keep posting your trades, they have helped tons of ppl, two excluded.
      10/31/12
    • Boatyzaffa: Yes, you are right Jay. There are certainly bigger fish to fry, please forgive me long rant today and for pushing Ocean to support his claim
      10/31/12
    • adawg304: beautiful Will... LOL!
      10/31/12
    • bradyc: just bought couple hundred shares of CLCT, 11.86, in with you!
      11/1/12
    • det9: I have a rather large position. Hope it pays off..
      11/2/12
    • bradyc: bought some more CLCT 11.77, earning in two days, div soon!
      11/6/12
    • det9: I have quite some with an average of 12.15..
      11/6/12