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papayamon

papayamon
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  • Arch Coal Still Looking For Light At The End Of The Tunnel [View article]
    Actually, i sold for 3.02 after the bell the very day I bought it, I think I made 60 bucks. And I bought at 2.66 and sold at 2.70, made $119. (ANR trades)

    We are approaching a point where one can invest in coal, because the sell off is becoming overdone. I will buy BTU for that.

    For Arch coal, I'm afraid that the light at the end of the tunnel is another oncoming train.
    Sep 23, 2014. 04:56 AM | 1 Like Like |Link to Comment
  • Seadrill: Sell-Off Is Overdone [View article]
    While I won't argue the main point (sell off being overdone), it could get even more overdone. One merely has to look all over the energy sector to find companies at heretofore unfathomable lows. Any stock that has weak fundamentals can get further hammered in this market.

    Look at BTU, XCO, etc.
    Sep 23, 2014. 04:43 AM | 2 Likes Like |Link to Comment
  • Should Bank Of America Be A Core Holding Now? [View article]
    The future belongs to the bold. If this one gamble pays off, it will change my life in a profound way. I'm in.
    Sep 21, 2014. 12:37 PM | Likes Like |Link to Comment
  • Should Bank Of America Be A Core Holding Now? [View article]
    60k shares? try $270k in BAC 2016 $15 options :).
    Sep 21, 2014. 10:28 AM | Likes Like |Link to Comment
  • Should Bank Of America Be A Core Holding Now? [View article]
    Regarded, I'd like to welcome you to the dark side :). BAC to $22 or so is my belief. I would be very surprised at $25 or more, but delighted nonetheless. If it gets to $30, i'll pee my panties.

    No matter what, I'm holding to at least around this time next year as getting taxed at my full marginal rate is a real downer. My plan for next year is to work 1 day a week and take a big capital gain at a lower rate. It's gonna be a lot of fun :).

    Best wishes for your investment success.
    Sep 21, 2014. 09:59 AM | Likes Like |Link to Comment
  • Barron's And Goldman Sachs Say Buy Bank Of America [View article]
    Some of those who are Ivy League educated think it's going to 10 before it hits 20, and that won't be any fun, especially for those who have fun trashing BAC.

    Alas, I am on the hapless ship of under educated fools who have bought BAC options up to the hilt. When I am dressed in a barrel and living under a bridge, it's going to be tough. Either that, or I could profit a cool $600k as BAC pushes $25.
    Sep 21, 2014. 09:33 AM | 5 Likes Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    No one is trashing Seadrill as a company, or it's management. We are merely commenting on the environment and what investment strategy makes sense. Most of the resource related stocks (producers and their suppliers) are under immense pressure because in better times management leveraged in order to increase production because demand was unlimited and prices would continue an upward trajectory. We all know those assumptions didn't pan out.

    If you're looking for a support group, I'd suggest you look elsewhere. No matter what you or I type here, we won't affect the market by even a penny. However, someone who is considering this investment is better off reading multiple perspectives. Good luck in your investing.

    Look at what has happened to gas/oil and coal stocks in the last month. Rest assured, you are not alone. It is widespread.
    Sep 19, 2014. 05:02 PM | 1 Like Like |Link to Comment
  • SandRidge Energy: How Is The Current Quarter Shaping Up? [View article]
    I'll tell you how this quarter is shaping up: it's going to suck.
    Sep 19, 2014. 04:21 PM | 1 Like Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    That's a dead on assessment of this industry. Why invest in what are clearly bad times?
    Sep 19, 2014. 04:19 PM | Likes Like |Link to Comment
  • Arch Coal Still Looking For Light At The End Of The Tunnel [View article]
    Well, I am already a liar. Just bought a couple thousand shares of ANR after I saw how they had dropped so disproportionately relative to the other coal producers. I try to make $100 on a trade like this for lunch money :). I say ANR, long and strong to 3.04 :).
    Sep 19, 2014. 03:30 PM | 4 Likes Like |Link to Comment
  • Arch Coal Still Looking For Light At The End Of The Tunnel [View article]
    Coal is a nightmare scenario, imo. Every time you think things can't get worse, they get worse. All except the very low cost producers who are carrying very little debt are very risky. High natural gas prices haven't materialized. A "beat" for a coal company these days means they lost less than expected. Yes, an aggressive investor might make a bit here, but the downside here is much worse.

    I am fortunate that I traded so much coal and didn't lose my shirt. I'm not touching this sector.

    Not to say that Arch isn't a well managed company. It's just in about the worst possible business I can think of.
    Sep 19, 2014. 02:45 PM | Likes Like |Link to Comment
  • Update: Rite Aid Earnings - Management Overzealous, But Long-Term Picture Bright [View article]
    Um, I never worry about "keeping score" between author/commentors. I worry about what the market prices my stocks at, dangling preposition and all.
    Sep 19, 2014. 07:57 AM | Likes Like |Link to Comment
  • Bank Of America: A World Without Countrywide [View article]
    You should update your post. The stock is at 17+ today.
    Sep 19, 2014. 07:18 AM | Likes Like |Link to Comment
  • Update: Rite Aid Earnings - Management Overzealous, But Long-Term Picture Bright [View article]
    I think we'll see a little bounce to 5.60 ish in the am. That hops me out with almost a 2k profit.

    This is way oversold. Tomorrow we will get a little retrace. It's 5.47 after hours.

    I could be wrong but this is really a hard sell off considering the transgression and how many right things that RAD is doing ... remodeling stores, etc. I think we'll see some buyers averaging down tomorrow.


    Happy I'm not in at $6.
    Sep 18, 2014. 09:41 PM | Likes Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    Not that I haven't stuck my neck in quite a few of them. It's a wonder I've made money in the market, when I look at all the ridiculous value traps I've blundered into. I've had a stellar year in 2014, which I chalk up to horsetrading luck as much as anything else. And not to crow too much about that.. the year isn't over and I could easily find myself taken to the woodshed. Mr. Market can be a stern master. This one, I am sidestepping.
    Sep 18, 2014. 09:15 PM | 1 Like Like |Link to Comment
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