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JoeJustJoe
JoeJustJoe
P&P Score: 99.81   Points: 345.71   Accuracy: 62.91%   Average Pick Score: -0.15   Annual Return: 0.04% (0.17% since 3/30/08)  

JoeJustJoe's Blog : My #1 play for the year 2010

Date December 31, 2009    Comments Comments (2)    Rate this post Recommend This Post (68)   
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Since the year 2010 is going to be such a decidedly dismal (if n ot depressing) year for stocks my #1 play for the year has got to be the stock I personally follow that is the most grossly overpigged. I follow hunnerts of stocks and can give you a precise long term target on each of em. I simply take the current price and divide it by my long term price target to generate the 3J "pig fackter" for every stock I follow. That determines how grossly overpigged itis. For instunce...a newbie stock I just banked a quick 5.6% gain in ...this right cheeeya >>> IVAN (the ho) will trade back up thur 3.12 befo it begins its loooong journey to my long term target of .19 cnetavos. :o Ifn you take say 3.15 (current price) and divide by .19 (target price) you see that IVAN has a pig fackter of 16.57....that's EXTREMELY overpigged. There are many many many stocks right now that have pig fackters of 10+....which of course led me to make my comment that the markets right now are more grossly overvalued than any time during the past 10 years without doubt. Anyhoo, here bees the MOST grossly overpigged stock on the planet right now with a pig fackter of 106.86 based on yestermadaze 30.99 closing price >>> HGSI ...I personally own Apr $15 dollah putskis on this gross pig. Whenst (not if) the news comes out that will bring this POS down it is going to fall at least 50% in a single day and ifn that happens as the market has already turned lower it twill just keep on falling n falling like ELN did a few years back...from $30 dollahs to $3 dollahs in about 10 trading daze...or less. HGSI is actually a .29 centavos stock masquerading as a $30 dolah stock on nuphin but sheeer hype. *-) 3J


2 Comment(s):

Author frankbean     Date January 1, 2010 12:24 Abuse this post Report Abuse
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Hi Joe,

Wise to choose the option as shorting this could hurt should it leap higher and you continue to argue with the market. The problem is you don't know when exactly it may crash. So what is your month on the put ?

It would be an interesting short once it starts to decline,

I'll review it thanks

Owl
Author JoeJustJoe     Date January 1, 2010 13:25 Abuse this post Report Abuse
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I'm am targeting April with HGSI. As of right now (as fer as the genrul market goes) it "looks like" once the Jan options expiration is out of the way we can >>> Release the hoooounds! The trading desk at GS is "obviously" trying to eliminate the call buyers now so that they can eliminate the chorts the week that options expire on ole Marty King's birphday. I have a dream, pal. I wouldn git too giddy about making any kind o'SIRIous gains to the long side in 95% o'the stocks out thur. More than likely returns will be along the lines of what we see right cheeeya at this fine establishment >>> Fokes will make meager gains and then give em all back... and then some.... in a hurry. Then they will chase the next rally. Or werser yet they will panic out after buying absoloot tops and see thur overall returns move steadily lower like Mighty Mouth does it. BTW, are you back above 3% per pick yet? Lemme go ssscheck. No biggie....you are certainly going lower in 2010 ifn ya don't change yer strategery. :-) 3J
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