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I listened to Holland Cooke and lost money!!

It's like the Rocky Point Flume...without the water....

jeffryan said:
I sold some AAPL at $105 today. I made $15 a share in a week. Not bad. Try doing that with a radio stock!
Click to expand...

As we'd say, with-a-thick-New England accent, in Rhody: "You got THAT right!"
WELL DONE with Apple.

And anyone foolhardy-enough to still have been listening to MY advice when I mentioned Pfizer just-a-couple-trading-days-ago could've made as-much-as $2/share on a stock that sold in the mid 14's then, and closed @ $16.68 today.

But it's still a rollercoaster.
EXPECT profit-taking tomorrow.

Aloha from Texas (watching The Sox on TBS),
HC
 
OK... I'll play. At 4:00 PM It closed at 26 Cents. I might get some pocket change together tomorrow and buy some. This may be the first time in history that I ever actually felt bad for Citadel.
 
Actually it closed at 27 cents. Don't screw me out of that penny! :)

Today was a great day to buy and tomorrow may be an even better day. But buy the big name companies whose fundamentals are solid. Basically anything in the Dow with the exception of GM looks good to me. That and Apple. I especially like MCD and CAT.

There are so many opportunities to make short term money in this market that it's not even funny.
 
Or go to Foxwoods. The Market has turned into a Casino. If you're smart, stay away from the Stock Market.
 
"If you're smart, stay away from the Stock Market."

NOT TRUE.
And I say that knowing-full-well that many here will give anything-I-say on this topic the horse laugh.

But this market right now -- and likely deep-into 2009, when economists who now say this recession began in late 2007 say this recession will end -- is CLASSICALLY opportune for "covered calls."

Don't take my word for it.
Read up on "covered calls;" or do a seminar.
It's as-close-as-you-get to heads-you-win/tails-you-win in a sideways market.

Jimmyone, take the baton...
 
Massive Shorting and Hedge Funds have ruined the Market. If people listened to you Holland, they'd be down over 70 % . Holland Pleaseeeeeeeeeeeeeeeeeeeee.
 
Re: "If you're smart, stay away from the Stock Market."

Holland Cooke said:
And I say that knowing-full-well that many here will give anything-I-say on this topic the horse laugh.
Click to expand...
Youuuuuuuuuuu betcha! ;) ;D
 
Ladies! Ladies! PLEASE! There's PLENTY of me to go around...

Good thing nobody listened when I mentioned FXRE @ 45 cents.
It's @ 76 as I write this.
That'd be a mere 68% gain.
Unless you got out when it was 90 the other day.
That'd be 100%.

HC
www.HollandCooke.com

PS: Yet-ANOTHER-cocksure-prediction, which I've been making for months, and NOW...NOW...people in Minnesota are no-longer-snickering-at: Norm Coleman is toast. Al Franken will go to the United States Senate.

http://www.alfranken.com/content/video_detail/?id=34
http://www.alfranken.com/content/video_detail/?id=73
 
Has anyone checked the closing price on Citadel today? Holy Cow! I almost want to send them a check just because I feel bad for them.
 
Imagine THIS: 15% return-on-investment in A COUPLE HOURS.

RoscoeBrowning said:
Citadel posted a 20% gain in one day. It went from 20 cents to 24 cents.
Click to expand...

It hit 25 cents earlier.

Here's the math:
Risk $200 at the market open, buy 1000 shares @ $.20.
Sell @ $.25, $250.
Figure $20 in commissions ($10 buy, $10 sell).
So you net $30 on a $200 risk...in a couple hours.
Check my math: that's 15%.

That $30 net profit doesn't sound like much.
But if you were willing to risk $2000, you'd net $300.
Risk $20,000, you're up $3K.

BUT ONLY IF YOU WERE WILLING TO RISK $200, thinking that Friday's $.20 close was depressed by the panic selling that's so rampant now. Fearing they'll end up with shares-WITHOUT-a-market if the stock gets de-listed, some CDL owners dumped.

Here's the news they missed, which you may have seen in one of the morning radio trades:
THE STOCK EXCHANGE HAS SUSPENDED DE-LISTING UNTIL JANUARY.
Why: Because SO many stocks are now below-a-buck, the market would spaz-out if they all got de-listed.
So the Exchange is giving companies like CDL and Sirius XM time to "cure" (translation: reverse split).

I myself was tempted to play CDL today.

But instead, I ran with a tip from another vintage Pro Personality, and grabbed a thousand shares of ACGY ("Drill, baby, drill!") @ $5.51 at the open. It closed @ $6.09.

Note use of the term "risk" above.
Don't blame me if you lose what you risked...or if you miss the fire sale because you were busy selling low...
 
Holland Cooke said:
RoscoeBrowning said:
Citadel posted a 20% gain in one day. It went from 20 cents to 24 cents.
Click to expand...

It hit 25 cents earlier.

Here's the math:
Risk $200 at the market open, buy 1000 shares @ $.20.
Sell @ $.25, $250.
Figure $20 in commissions ($10 buy, $10 sell).
So you net $30 on a $200 risk...in a couple hours.
Check my math: that's 15%.

That $30 net profit doesn't sound like much.
But if you were willing to risk $2000, you'd net $300.
Risk $20,000, you're up $3K.

BUT ONLY IF YOU WERE WILLING TO RISK $200, thinking that Friday's $.20 close was depressed by the panic selling that's so rampant now. Fearing they'll end up with shares-WITHOUT-a-market if the stock gets de-listed, some CDL owners dumped.

Here's the news they missed, which you may have seen in one of the morning radio trades:
THE STOCK EXCHANGE HAS SUSPENDED DE-LISTING UNTIL JANUARY.
Why: Because SO many stocks are now below-a-buck, the market would spaz-out if they all got de-listed.
So the Exchange is giving companies like CDL and Sirius XM time to "cure" (translation: reverse split).

I myself was tempted to play CDL today.

But instead, I ran with a tip from another vintage Pro Personality, and grabbed a thousand shares of ACGY ("Drill, baby, drill!") @ $5.51 at the open. It closed @ $6.09.

Note use of the term "risk" above.
Don't blame me if you lose what you risked...or if you miss the fire sale because you were busy selling low...
Click to expand...


It's all about Risk. I bought Sirius when it was about $4 Bucks. I went into panic mode and got out when it hit $2.50. I didn't like the look of things. Thank God I got out when I did. It could have ended up a lot worse. It closed at 38 cents today!

Investing in any Radio Corporation these days is extremely risky. Even one that hired Howard Stern. We all thought Mel was going to be a miracle worker. He along with Howard were supposed to save the day. At least... so we thought. It looks like we were all wrong.

Even Howard was talking about Sirius stock the other morning. Then Fred (The sound effects guy) threw in the sound of a whistling missle dropping from the sky. It's no secret that this business is in serious trouble!!!
 
Skynet74 said:
Investing in any Radio Corporation these days is extremely risky.
Click to expand...

Exactly! People, please stay away from radio stocks. Even if you plan to just day trade them, it's just a really bad idea.

Buy solid companies instead. Recent sales of mine include MS, AAPL, CVX and MCD. In every case I made money and wasn't sweating bullets in the process.
 
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