Re: Today's Market - Wednesday
in response to
by
posted on
Feb 09, 2012 10:42AM
Engineered a Faster and More Efficient Way to Absorb Nutrients, Medications, etc.
DEGH/DROP seems to be still playing pinkie-land games, which gives some concern. This financing is about six months after the previous financing. Go back and check the last P&D. It settled and then slowly trended down. Now, with Tiger, things are different. But, in the Dec tourney we did not see much sp upside, then after the tourney sp dumped for some reason. I am playing a small portion of my shares now, moving in and out on the highs and lows - Currently out. The way sp came back after touching 0.30, I agree this has a lot of support. We may not see the low to mid 20's, like the funding give-away, but may see low 30's again. If the Tiger effect is good upside this Monday, great, as I am only out a small portion. This still has so much potential on the long-term side, but these guys playing the pinkie games give an investor heartburn.
Yes, been in EBIX for about a buck and a half of upside so far. The shorts are about 25-35% depending on the source. It has continued to have legs and am betting on a short squeeze in the near future. 23 days-plus, to cover, depending on the source. Monday might be a tell, which is the ex-div date. Normally should sell off by the Q dividend amount, but might be hard to tell as it is only four-cents. Reports week of March 12, and expected to be good, so squeeze could happen just beforehand. If not, easy come, easy go. I'll do some DD on IGXT as it is showing about 20% shorts on my TD, but, man, divying up that spec portion is rough.
I am so diversified at this point that I am running a mutual fund. Hitting on DROP has my spec portion in numerous other penny plays. Besides pennyland, there are so many good plays out there and the Market is in full-Bull mode likely to continue into April. Choosing one play between several is tough, so playing two or three instead to become diversified within each group - making a mutual fund. It has worked pretty well so far, except for the junior miners - they just cannot get much luv despite the gold run. Thinking oil will be big, so am looking to adjust to portion-and-a-half or double-portion that way. Currently in COP, and watching CLR as it corrects and watching OXY and HES.