rjm77me's Blog : Buying EXM and ING speculative plays

I actually added my RBS as a long play heeeya at the close yestermaday....a tad errly too I will say. I'll even endorse ING fer ya right cheeeya but you made a few Miss Takes with the stats n %'s you quoted. Foist...the 15% ING "might" lose should be added to the 10% it already "did" lose since you foist wreck-o-mended it...just so the sheeple are aware of the prospects of your pix. We won't werry about CENX, AA, and KALU...those fokes already had thur stops hit offa yer buy wreck :-) Also, neither EXM nor ING will double in 6 mumphs...but both will get cut in half...even from current levels. That includes me own pick RBS also....just to verimafy I ainna pickin favrits. My upside target fer RBS is 14.50+ ...fer EXM it wood be 9.50...and I fergetted what it twas fer ING...but I'm wreckin it's similar to RBS :-) Be careful not to stay past yer welcome once I instruct Mr Market to let these POS run....remember, the next time I bring the markets down I mean bidness! *-) 3J

There you go writing about buying when everyone else is selling. Gosh!
We want to hear about the next shoe to drop. I'm still waiting for what was it last year... oh yeah credit cards were to be a "shoe" and then commercial real estate "shoe" was sure to go. DRYS will be much lower when the shoe that is Greece fails. Jeeze, stop being optimistic :)

Well...foist ovall, EXM is a sub 2.50 stock in the end...so I hope that makes ya happy. And ifn I'm not Miss Taken DRYS ends up going even lower than that thur :-) Seckond, looka the 2 sheeple at this site who can be considerd permabulls (Mighty Mouth n BSNBC) and ssscheck thur wreckerds. Both have proven that even in a raging bullmarket it is still possibull to consistantly make bad picks. In fackt, ifn ya look at Mighty Mouth's new picks he just put up he continues to play stocks with the least amount of upside. :-) Sooooo, since he is now becoming more cautious...to me that is one o'the better indimacaters you are gonna git from a stock spewin site like this heeya. :-) 3J

rim-j: on a serious note I agree with your assessment except that I would prefer GNK and would stay away from EXM based on lower-lows setting in and the positive trend line showing more weakness with EXM. Also I prefer the balance sheet of GNK.

Wow JoeCole, I was going to say the exact same thing. I would prefer GNK over EXM and SSW. Reason is the fundamentals. GNK has good fundamentals. Course, at this juncture fundamentals don't mean much as a rising tide lifts all boats and the reverse,

Cheers

Owl

I love GNK - it is a good for trade. If one is so bearish - then the best trade is go short or buy puts. There is no right or wrong answers. I personally will even go for 5% profit if the market gives me. Market goes down the hill faster then going up the hill.
I have traded GNK in personal trade acoount twice in last 30 days - made about 7 to 10% both times. I do not remember who recommended it first time. I thank who so ever mentioned it to me first time. GNK is on my screen every day and it is sitting at short term resistance.
I agree with every ones views on the EXM and ING and that is why I said specualtive.
City Group, BAC, AXP, AFL, PRU, HIG were highly speculative at one time.
One can not bet your portfolio on speculative - may be 5 to 10% of one portfolio can be on speculative stuff. Wishing all a wonderful trading week. It is to buy or sell short or buy puts or calls depending on market direction and ones view point. 3% profit is profit and 3% loss is a loss - there is a buyer and seller for each trade.
One must remember failure of Greece does not mean every business listed on their stock exchange will go belly up - smart folks will just buy dirt cheap and hold for the ray of sun shine. Most of the so called expert shower buy rating on a stock after the company beat the numbers. Were those experts sleep on the steering whell 2 weeks before the earning date. Most of the sell rating are showered when the stock is sitting in the sub basement.
In one of my blogs I did ask - what is the right price for any given stock / company? The only right price is what the buyer is willing to pay.
As a trader one can make some money by taking a limited amount of calculated risk - when does Mr Buffett buys? I personally lost money on FLIR and AKAM and both more or loss ended higher by50% from my sell point. DO I REGRET SELLING THOSE TWO AT LOSS - NO I DID THE RIGHT THING FOR THE GIVEN TRADE DATE. ONLY MISTAKE WAS NOT TO BUY 15% HIGHER AND THERE BY NOT MAKING EXTRA 25%

GNK was down graded to hold will offer better entry point - Genco Shipping & Trading downgraded to Hold from Buy at Cantor Fitzgerald (22.37
You can see my blog on GNK today