re: Stocks. Any OTers looking at anything promising?

There's always steady of volume with BRK B. It will probably be back up in a few weeks. A little expensive for me however.

No I'm not saying that at all. $80 a share is steep for the kind of trading I do. I'm sure it's worth every penny.

ETA: Price is $114. Not sure what I was looking at.

I mentioned them in other threads but AAPL and BP are the ones I'm following most closely. I am heavy into aapl right now and will likely sell over next 3-4% increase. BP just seems way too low. I'd rather not touch a O&G stock due to my job in the O&G sector. Just getting too tempting...

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I have never understood this. How does the price of a stock affect the way you see your purchase? If the stock looks cheap and your returns are based on percentages, why does it matter if you own 10 shares at $200 a share or 200 shares at $10 a share?

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The only reasonable explanation would be that he wanted to buy in lots of 100 so he could write covered calls, but I imagine someone asking random strangers on the Internet for stock tips would only be doing it due to a false sense of wealth associated with owning 1000 shares of a penny stock.

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First of all dip shite I am not asking for stock tips. This thread is nothing more than a casual conversation about speculative stocks. Anyways, I say BRK B is expensive and is not favorable for me in terms of volatility as I only play with around 5k. If I were to buy BRK B at 114 I wouldn't be able to afford fifty shares and it is likely it will stay below the 120 mark for the foreseeable future.

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First of all, the amount of shares is irrelevant. Just because something is "expensive" doesn't mean you won't get volatility. Look at AAPL, probably the most followed stock in the world, just in the last few years has gone from less than 200 to around 700 and back to 400. There may be a correlation between cheap stocks and volatility but it mainly can be attributed to the companies being generally shitty.

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However with a cheap stock, KOG for instance, I bought at 7.50 and was able to buy hundreds of shares so when it rebounded to 9.50 I was able to clear over 1200 off of my small 5k gamble.

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So you'll lose 1200 just as quickly. I bought BRK.B for $74 two years ago so I am now sitting on a 55% return and took half the risk.

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Hope this cleared things up.

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All clear, hombre. Didn't mean to rustle any jimmies. I just think its sad when people come on here asking for stock tips and some clown, like Baylor or Rivers, "helps" them out and they lose their arse.

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First of all, the amount of shares is irrelevant. Just because something is "expensive" doesn't mean you won't get volatility.

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Right, in my original response I did not mention anything about volatility. The price in relation to the lack of significant short-term volatility is the reason I am not interested. Not the price in it's self.

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bought BRK.B for $74 two years ago so I am now sitting on a 55% return and took half the risk.

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That's a solid buy. Nice buy and hold. I was just saying with my trading strategy I don't want to hold longer than a month or two. It took Brk.B 2 years to reach that price. I'm looking for short term trades.

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Didn't mean to rustle any jimmies

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If anybody bought bit coin or ZYNGA due to an OT money board recommendation then they had it coming to them.

The poster that mentioned AMRN however did have an interesting stock which I would like to know more about assuming they actually know anything about it.

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I have been watching AMRN. I've read it is likely to get up past 6.25 soon. What do you think?

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Yes.

I use "gambling" money if you will and mess with biotechs. I mentioned AMRN as a buy back when it was $11, never owned it however, and watched it fall further and further until I could not resist. I was averaged in at 5.65 and sold most, but not all, of my position today. I like to take profits when I can in biotechs and let the rest ride.

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Why are you so confident in what they are doing?

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Vascepa is slowly gaining market share against Lovaza. Vascepa is a superior drug and could become a couple billion dollar drug. They have several key dates coming up for its MARINE and ANCHOR traisl, one with ADCOM in October, one with PDUFA in December. They also could gain NCE any month now from the FDA.

I could still see a buyout in the future, but if not, go it alone may not be that bad either. Like you said, may take a year or two to really start turning profits.

Scripts and refill information can be found here

On the flipside, there is always a chance of dilution, as what happened a few months back.

Google seems to have a lot of things in their back pocket for long term attractiveness. I'm beginning to see them as the 21st century GE. I may purchase whenever my current sell orders are processed.

1500 shares. I usually buy 1000 shares, but at this price I buy more. I did the same for MHR @3.50 (now $5.55) and FMFC Bank @$3.65 (now $16 plus). Bought Southwest Airlines 6000 shares at $8.60.