The Market was fickle this week...
LJPC : This thing, again. Last year I made a couple Cowboy Trades with La Jolla Pharmaceutical Company, both lost. Then, a couple months ago, an ex-partner of mine in San Diego said it might be in play. I think it was @.23 when I put it on a Watchlist. Last week, another call as a reminder to look at it. The wanted to merge with a company, but at the time they only had a 9% reply from thier investor base and could not meet a Quorum. Things were at a standstill.
Friday, I put together a couple other Cowboys for a Short Block. The stock was @[.11] when we put in an order to buy @.13. Our investment strategy behind this move was that if the company was still alive, after Monday, the stock would go up. On Monday our Ameritrade Account purchased the shares @.105. On Tuesday, the shares went up to .185. So we caught a Break Even Cash Out @183 (we almost missed the bid in the time it took to register the trade) and started "playing with the House's money". All-in-all we were satisfied with the Play. The remainder of the week, after being delisted from NASDAQ, LJPC ended @.07! We may ONLY break even, but there's always the cash dispersment if the co. goes "belly up". Oh well...After that "long winded" entry, I hesitate to add more, but...
CCC : I took a bit of Calgon Carbon this week as the stock was falling (Thursday). It was part of a Group Buy and it's in a Holding Account, but I'm getting Out @20%.
They provide services, products, and solutions for purifying water, air, food, beverage, and industrial process streams in the United States and internationally.
LTHU : I'm hot on this stock! I did a Holding Buy on it this week and am very happy. It's cheap, so anyone can Get In. I would tell you about it, but Reserch is so much fun. Check it out!
LTHU : I'm hot on this stock! I did a Holding Buy on it this week and am very happy. It's cheap, so anyone can Get In. I would tell you about it, but Reserch is so much fun. Check it out!
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