stocks: my original way to lose money

strange, the threads that seem to appeal to me the most seem to appeal to others the least.....

strange, the threads that seem to appeal to me the least seem to appeal to others the most.....

will leave it at that.....
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jack jones had a thread the other day that appealed to me..... the strange rule will apply......

rather than cluttering his thread up, i'll post stock thoughts here......

or whatever's....h

really do miss clearstation....... still google the word almost weekly hopelessly searching for members.....

it was all about stocks..... nothing surpassed it...... when they pulled the plug, billions of hours of work was lost forever.....

the oil field is big business around me..... have several pipe lines crossing my land.... they had planed more..... the video i posted of going to the hog trap is one of those pipelines......

long ago posted on cs once my view on stocks..... can almost remember it word for word.....
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my view on stocks is like 3 guys walking down the street on a dark rainy night.....

the first guy, some drunken stumble bum in torn , dirty clothes, slips and falls in the mud.... he rolls around in the mud cursing everyone and everything for his fall till he passes out from exhaustion....

the second guy, in a three piece suits trips over the bum and falls in the mud..... he immediately jumps to his feet.... kicks and curses the bum for his fall as he walks off thinking only of his suit....

the third guy, also in torn and dirty clothes trips over the bum.... he sits up laughing.... wipes the mud off his face and helps the bum into the alley telling him he'll feel better in the morning.....

the rain washes off most of the mud by the time he reaches his truck and his clothes are almost dry by the time he gets home..... he says nothing about it..... his wife throws that red halliburton jump suit in the wash thinking only his clothes seemed cleaner tonight....
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my money is on that halliburton man..... was back then...... is now.....

my original target entry of 4 was never hit.... got in slightly higher.... easy to see it at 4..... 3 would not concern me. .....h




https://www.wsj.com/market-data/quotes/HAL/financials

scanning for stocks by debt to equity ratio, price to cash flow, cash per share, pe, peg and the like can be helpful.....

there was once free online screens that would sort by as many as a hundred such metrics.... those days are almost gone.....

there are still plenty free public screeners out there but to get into the real nuts and bolts they almost invariably require an account or subscription.....

in the free world , yahoo and microsoft come to mind..... so does finviz..... and others....
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alcoa might be one of the few i mention that's not in the oil patch..... it's selling today around 1/3 book value...... bought recently at 6 flat..... hard to see it at 4..... 3 would not concern me.....h
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be aware of the three types of lies......

this is true..... once a good many years back i doubled my money 4 times in a row..... about 1000 to 10000 shares per trade..... 4 times in a row i doubled my money..... never lost a single penny.....

might sound impressive till you know it was during the final days of mci worldcom..... true statistics can be misleading.....
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the companys mentioned here are not selling low because of financial hanky panky on their part..... they are caught up in someone else's squabble.....

my comstock bid at 4 was never filled..... it still stands.... no intention of moving it anytime soon.....h

insider buying can be a good sign......

insider selling is not absolutely a bad one..... high ranking high payed insiders are often offered stock options to lower their overall salary cost..... if an insider exercises these options and then sells the stock, it will show up on the insider sells list....

they might be just wanting to pay off that maxed out american express gold card..... and have nothing to do with the companys health at all.....

in the case of helix's president, he was buying around 1.78...... to me that's a good sign.....

and given hlx is sellin for 1/8 book value, it's hard to pass up...... i started buying at 1.58 and lower..... have bids down to 1...... 50 cents would not concern me.....

it's cheap but no shoo-in..... many of these stocks could fall 50% more.....

brings to mind the boy scout motto..... be prepared.....h
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apache was sellin at 1/2 book value earlier this month..... i'm in it already with bids down to 4..... admittedly bottom fishing..... but apa is a big fish....

some of us have access to the best data and software that exists..... some do not......

the links i'm providing, like zacks above, are free and might be useful.....h
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the alma crossing the tsr is often a good signal.....

the second push once the alma has crossed the tsr is quite often a good signal when the daily trend agrees..... the daily trend is still weak.....h
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want to know what the future holds..... so do a lot of people..... not me..... heck i'd forget by the time it gets here and still be surprised....

do like watching the index futures though..... they can at times tie closely with forex pairs.... that investing.com site also has a free stock screener..... easy to use.... along with much other data.....

mur is sellin at 1/5 book value..... it's seldom a good idea to base a buy or sell solely off book value..... good idea look at the stocks historical price to book chart and it's historical book value chart.....

judging from the futures, it's a safe bet to say i'll be swapping some usdjpy and gbpusd money for murphy oil today.....

not all..... just some......

kinda like spreading my losses around..... figures that keeps mingary happy.....h
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that should fill'er up ..... todays not a day to nickel and dime it.... canceled some ridiculously low bid orders and went in at market..... inch'ed up a few more.....

aud and nzd seem holdin up better than expected..... week is still young.....
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in times like these companies with cash will buy others..... the thought is, it's better to buy known reserves dirt cheap than risk punching dry holes.....

pump knows this all too well and has adopted the poison pill.....

already in it.... went deeper today..... poison or not.....h
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always admired someone that planted pecan trees..... they are planting for the future..... whether or not they will be around.....

the trailing pe's on most oil issues next qtr will likely be worse..... they are, after all, trailing..... cve's pe stands at 2.14..... and falling.....

it's currently selling at 1/5 book value.....

i'm in it now with bids lower...... easy to see it at 1..... 50 cents would not concern me.....h
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today pulled both accounts down some.... one stands at a -75.88..... the other at +30.83..... might get worse before better...... that's a positive.....

spent the morning scrambling to rearrange orders..... did not expect that much of a gap down on so many..... failed to capitalize on it.....
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geos has a quick ratio of 3.6 and a current ratio of 5.4...... both good.... closed today at 5.52..... it's at 2/5 book value.... i'm in it at 6.2....... bids in lower....h
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only the 240 and 1440 zigzags left standing on the audusd..... opens the possibility of at least the average 240 zz length fall.....

240 alma has crossed the tsr..... daily shows slight weakening.....
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zacks has lbrt rated a sell...... they can sell to me...... currently going for almost 1/2 book value..... quick ratio is so so at 1.5 .....

i'm in it already at 2.50.... still have bids down to 2.... might see 1.5 ..... a flat 1 would not concern me.....h
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nzdusd showing signs of strain..... as in the audusd, only the 240 and 1440 zigzags are up..... the 60 minute and 240 are bending, 1440 is unsure..... this opens the door for at least a 240 average leg down.....

really becoming annoyed with usdjpy..... it's going no where...... if this account hits $400 tonite i'll move it all something more deserving, like wttr...... it's falling like a rock, but at least it's moving.....
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wttr rated a hold by zacks..... i'm holdin it already from 3.22.....

they have cash and equivalents..... hope the equivalents aren't barrels of oil..... their ratios are not outstanding and likely to look worse next qtr......

for this reason, i'll keep my shares in it below 500.....

easy to see it at 2..... 1 would not concern me...... my bids are very low.... likely will not be filled.....h

gbpusd daily appears to be sitting down.... everyone knows it's the forex wild child so enough said...... not askin for much here..... maybe 100 bucks tonite..... reason is pds.....

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just moments ago noticed my pds bid filled..... @.30 ..... the low of the day.....

pds is in a tough spot..... on 3/24 they announced cutting their 2020 capex in half..... 2 days later they received the scarlet letter from the nyse for non- compliance.....

their choices now are to drop down or reverse split..... they have some time.... perhaps an extension also due to oil situation.....

no point in talking about their numbers..... 30 cents a share says it all.....

will throw all my gbpusd money made, if any, in it tomorrow...... goal is 1000 shares for the possibility of a 1 for 10 reverse split.....

precision drilling has been around a long time...... almost 70 years..... they bought grey wolf a good while back..... another hole puncher i traded way back when......

wide open risk here......h
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marathon looks to be half way gettin where it's going..... that's a good place to start.... in it now @ 4.15 .... with whole pack of orders below.....

past 24 hours audusd, nzdusd, gbpusd money..... will short them again soon.....

easy to see it at 4..... hope to see it at 3...... 2 would not concern me......h
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audusd 60 seems to lean toward the alma crossing below the tsr...... for me, that's a good thing.....

most everyone and every indicator has jets as a sell...... for me, that's a good thing.....
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only a couple of oil patch buys are still unfilled this week..... and they have almost a 0 chance of filling...... monday and tuesday action filled almost everything else...

there is one, which is oil field related but not specifically in it that i would like to fill...... that's jets..... fair chance it will fill tomorrow..... or perhaps today.....

easy to see it at 12...... would like to see it at 10...... fully prepared to see it at 5......h
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probably not a good day for huntin, but still, will be aiming at pten, ois, ovv, cdev, geos, nr and jets today......

it will be months, perhaps 9, before the impact of the oil price war compounded by the virus is known.....

feel no need to buy at market..... low bids only..... if some get away, no harm.....h
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had things split between in accounts at merrill lynch and etrade..... too confusing..... closed everything in merrill this morning..... once all trades settle will move money to etrade.....

only bought nr, geos, ovv, jets and hlx today..... ois did not fill..... good chance markets will pull back some..... will be patiently waiting..... considerable number of low limit orders good for 60 day types.....

audusd whacked me good.... my fault.... not first time.... not the last......h

Hi Hayseed,
what criteria/tools did you use to screen for those stocks? they seem to be in a narrow horizontal channel/range bound for the past 1 month
Thank you

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hey liviu..... the screeners i'm primarily use are etrades, merrill lynch and fidelity..... i have accounts with those..... etrades is best....

also use several free online ones......

my searches will vary slightly......

the criteria tends to be ratios's like price/book, quick ratio, debt/equity, cash per share and such..... looking mostly at stocks under 10$....

here is an investing.com example..... scroll down that page for the results..... should be 132 stocks returned.....

i'm almost exclusively look at the energy sector..... this is because it has been unjustly sold off..... and i'm only putting in forex money..... this keeps me on a budget.....

for the most part i'm avoiding the frackers and their supports, like the sands companys..... ccr, slca,hcr.......

the safer plays will be apache, oxy, cvx and the like..... but the cost per 100 shares is high.....

with todays no commissions, i can really break up orders into small pieces...... below is a screen shot of etrade..... i started last month but the share size is same.... as you can see, rarely will i go in at a full 100.....

basically i'm looking for anything that i can make 5 times my money this year...... some have doubled already.... the most i will put in them as a group is 20k.......h
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