[edwardcyh]

How strong is your stomach?

I am looking at DALRQ.PK at $.71... Of course, when the company comes out of Chapter 11, it will all be worthless, but short term play looks pretty attractive with a lot of possibility of the stock hitting high .90's or even top $1.00 mark.

hmmm..... need a seriously strong stomach for this one.

[edwardcyh]

Ok... I pulled the trigger again on DALRQ.

I got back in at $0.54 for a tiny amount of 3k shares. If something miraculous happens, and the stock pops back above a buck, I can make some money. If the stock slowly progress down to NOTHING, I have already put in a stop-loss order at $0.30. So.... worst case scenario is that I walk away with a loss of $750.

Or.... the stock can just sit at the current level for the next couple weeks, and I sell losing commission both ways.

I don't recommend ANYBODY getting in Delta at the current time though. This is almost like a Texas Hold'em with me playing against other traders......

Wish me luck! LOL...

[edwardcyh]

Just like THAT....

DALRQ is down 2 more cents in an hour....

[xray]

Well, it's rated a strong sell by the dummys...maybe that's a good thing (?)

Problem is too many people listen to the dummys.

[edwardcyh]

Originally Posted by edwardcyh

DVW....

The company is still good, but the short term selling pressure is high. I'll probably buy back into it in another couple weeks or so when it dips back to low 1.20's or high 1.10's.

Well... I am back in for 5k shares at $1.18 hopefully for a bigger run-up.

In hind sight, I should have picked up more DALRQ.PK at $0.54.......

[xray]

Damn China, did someone get scared or what?

Brutal day on Wall Street

[edwardcyh]

Originally Posted by xray

Damn China, did someone get scared or what?

Brutal day on Wall Street

Kind of freaky all markets are sort of tied together....

Honestly, why do we have to suffer because the market in China lost 9% in a single day!?!?!?!

BTW, after getting back in on DVW, it's 3 cents loss right off the bat.

[xray]

The global economy...it'll be this way 'til the end of time (or we nuke the eastern hemisphere, whichever comes first).

[edwardcyh]

Originally Posted by xray

The global economy...it'll be this way 'til the end of time (or we nuke the eastern hemisphere, whichever comes first).

LOL...

US can technically invade all countries on the basis of WMD threats....

[edwardcyh]

Originally Posted by edwardcyh

Ok... I pulled the trigger again on DALRQ.

I got back in at $0.54 for a tiny amount of 3k shares. If something miraculous happens, and the stock pops back above a buck, I can make some money. If the stock slowly progress down to NOTHING, I have already put in a stop-loss order at $0.30. So.... worst case scenario is that I walk away with a loss of $750.

Or.... the stock can just sit at the current level for the next couple weeks, and I sell losing commission both ways.

Well.... just sold the shares at $.81.

Actually worked out to be 48.46% gain in 3 or 4 days.

That'll probably be the last time I buy into Delta since they are too close to re-emergence from Chapter 11.

[edwardcyh]

Well... while I was selling, I decided to unload my BBA (Bombay Company) as well. Sold the shares at $1.31 and made around 17%...

Their earning will be released in about 2 weeks or so, but I am not too confident about it since they are still re-organizing.

Maybe I'll pick it back up after the call.

[edwardcyh]

Now I have around 40% of my portfolio in cash.... I'll be back with my picks...

[xray]

Feds bust major insider trading ring

I guess...who knows how much of this stuff goes on.