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On Jan 06 02:41 AM Mark Anthony wrote:

> PharmBoy:
>
> I don't understand! Based on your description where you entered DRYS
> you should not have an average DRYS price as high as $25. Actually
> you should be makign money by now. You first bought at $70, and then
> at $14, and then at $5. Suppose you spend $10K at each price level,
> you would have bought 143 + 714 + 2000 = 2857 shares for a total
> cost of $30K, or average cost of $10.50, and you should have a comfortable
> 32% profit at today's close price of $13.85.
>
> Your investment strategy must have a problem. You should view the
> lower price as a big buying opportuity, not as opportunity to lose
> money. When DRYS was at $3.05, you had an opportunity to buy way
> much more shares that you could have bought when it was at $116 a
> share.
> ]]> Sun, 11 Jan 2009 03:27:26 -0500



On Jan 06 02:41 AM Mark Anthony wrote:

> PharmBoy:
>
> I don't understand! Based on your description where you entered DRYS
> you should not have an average DRYS price as high as $25. Actually
> you should be makign money by now. You first bought at $70, and then
> at $14, and then at $5. Suppose you spend $10K at each price level,
> you would have bought 143 + 714 + 2000 = 2857 shares for a total
> cost of $30K, or average cost of $10.50, and you should have a comfortable
> 32% profit at today's close price of $13.85.
>
> Your investment strategy must have a problem. You should view the
> lower price as a big buying opportuity, not as opportunity to lose
> money. When DRYS was at $3.05, you had an opportunity to buy way
> much more shares that you could have bought when it was at $116 a
> share.
> ]]> http://seekingalpha.com/article/113236-shorting-to-take-advantage-of-overbought-market?source=feed#comment-348096 348096 Tue, 06 Jan 2009 22:08:24 -0500 http://seekingalpha.com/article/113216-how-will-fortune-magazine-s-10-stock-picks-for-2009-fare?source=feed#comment-346887 346887 Mon, 05 Jan 2009 19:19:22 -0500 http://seekingalpha.com/article/112846-the-pitfalls-of-using-inverse-etfs?source=feed#comment-346883 346883 Mon, 05 Jan 2009 19:11:59 -0500 http://seekingalpha.com/article/113194-dryships-poised-to-rally?source=feed#comment-346862 346862
At today's price, I don't want to lock in a loss by selling ATM calls for $2 and OTM calls for mere pennies and then have the shares called away later this month. Additionally, there doesn't appear to be any substantial overhead resistance until around the $25 mark (Sean, you called it at $18...?), which appears to be marked by a double top on Oct 13th and 20th, and a weaker 3rd peak on Nov 4th which begat the slide to 3-ish.

On the other hand, they say you should sell into strength, and this rally has had legs for over a month now (though this leg's volume is markedly lower than the first leg's, not to mention a severely overbought scenario on the RSI). My dilemma boils down to this (with a nod to Kenny Rogers): should I hold 'em or fold 'em? Any comments welcome.
]]> Mon, 05 Jan 2009 19:02:09 -0500
At today's price, I don't want to lock in a loss by selling ATM calls for $2 and OTM calls for mere pennies and then have the shares called away later this month. Additionally, there doesn't appear to be any substantial overhead resistance until around the $25 mark (Sean, you called it at $18...?), which appears to be marked by a double top on Oct 13th and 20th, and a weaker 3rd peak on Nov 4th which begat the slide to 3-ish.

On the other hand, they say you should sell into strength, and this rally has had legs for over a month now (though this leg's volume is markedly lower than the first leg's, not to mention a severely overbought scenario on the RSI). My dilemma boils down to this (with a nod to Kenny Rogers): should I hold 'em or fold 'em? Any comments welcome.
]]>