Comments on: Analyze my Calpine Trade http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/ A blog about trading, finances, success and life itself Fri, 30 Dec 2011 14:18:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Heather McGee http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-17590 Heather McGee Mon, 31 Mar 2008 20:07:45 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-17590 I bought calpine last April and now my shares are in "warrent" status. They are saying I have until August to buy the new stock at $19.00 a share and at that time my current shares will be worth nothing. Are there any other options you may know of that they are not telling me? I bought calpine last April and now my shares are in “warrent” status. They are saying I have until August to buy the new stock at $19.00 a share and at that time my current shares will be worth nothing. Are there any other options you may know of that they are not telling me?

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]]> By: piranha http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-6802 piranha Fri, 11 May 2007 14:05:40 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-6802 Lee, The stock is consolidating but I am not biting this time around. Something doesn't seem right. it felt right a few months back. Lee,
The stock is consolidating but I am not biting this time around. Something doesn’t seem right. it felt right a few months back.

]]> By: Lee http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-6776 Lee Fri, 11 May 2007 04:40:29 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-6776 May 11, Lenny, What are the technical indicators saying now? Lee May 11,

Lenny,
What are the technical indicators saying now?

Lee

]]> By: Steven Mac http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-6480 Steven Mac Fri, 04 May 2007 15:43:55 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-6480 I knew it was a risk and I think the curiosity of this is what drew my attention to it. I don't hold Chris or anyone else responsible as it was an action on my behalf and the nature of the game. I am still relatively exploring all of this, so it was something good to learn from. It is important for me in the future to follow O'Neils Guidelines in Chapter 20 of his book "How To Make Money in Stocks" with the first point being: "1. Don't buy cheap stocks. Buy Nasdaq stocks mainly selling between $15 and $300 a share and NYSE stocks from $20 to $300 a share. Avoid the junk pile" Pg.265 One day I may be able to step out of those guidelines, but as a rookie in the market just for a few months, I need to put these guidelines into practice. I knew it was a risk and I think the curiosity of this is what drew my attention to it. I don’t hold Chris or anyone else responsible as it was an action on my behalf and the nature of the game. I am still relatively exploring all of this, so it was something good to learn from.

It is important for me in the future to follow O’Neils Guidelines in Chapter 20 of his book “How To Make Money in Stocks” with the first point being:

“1. Don’t buy cheap stocks. Buy Nasdaq stocks mainly selling between $15 and $300 a share and NYSE stocks from $20 to $300 a share. Avoid the junk pile” Pg.265

One day I may be able to step out of those guidelines, but as a rookie in the market just for a few months, I need to put these guidelines into practice.

]]> By: Chris http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-6477 Chris Fri, 04 May 2007 14:27:48 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-6477 Nithin is right, all trades must have realistic expectations. We all understood that Calpine is not a stable and solid CANSLIM company (the typical trades I make) but I explained in detail the risk associated with a stock like this and then traded it on pure technical analysis. Remember, I wrote thsi in my first post at $0.97: * NOTE – this is not a buy recommendation of any kind! Again – this is by no means a recommendation to buy and major losses could occur if you were to speculate in this stock (I must make these statements to protect the legal aspect of my words). None of the stocks on this blog are buy or sell recommendations; just equity research based on specific criteria as noted in my disclaimers! Nithin is right, all trades must have realistic expectations. We all understood that Calpine is not a stable and solid CANSLIM company (the typical trades I make) but I explained in detail the risk associated with a stock like this and then traded it on pure technical analysis.

Remember, I wrote thsi in my first post at $0.97:
* NOTE – this is not a buy recommendation of any kind! Again – this is by no means a recommendation to buy and major losses could occur if you were to speculate in this stock (I must make these statements to protect the legal aspect of my words). None of the stocks on this blog are buy or sell recommendations; just equity research based on specific criteria as noted in my disclaimers!

]]> By: Nithin http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-6449 Nithin Fri, 04 May 2007 01:12:24 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-6449 Steven, I feel that one should be clear as to why he bought a stock. If you bought it for pure technical(and I mean trend) reasons, then sell it for technical reasons. There is no reason to think that this company was bankrupt, etc now. It was the same company which made 191% in 2 months. I usually do a combination of 2 types - some of the stocks have typical CANSLIM features and some are pure speculative type trades. Steven, I feel that one should be clear as to why he bought a stock. If you bought it for pure technical(and I mean trend) reasons, then sell it for technical reasons. There is no reason to think that this company was bankrupt, etc now. It was the same company which made 191% in 2 months.

I usually do a combination of 2 types – some of the stocks have typical CANSLIM features and some are pure speculative type trades.

]]> By: Steven Mac http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-6419 Steven Mac Thu, 03 May 2007 12:42:27 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-6419 Lenny, I was nailed on this one too. I was at the point of selling at $3.96, and backed off thinking that it would pull back some, and big money would come to push it back up as previously over $4. I had actually recorded down an exit target price of $3.86, and didn't take it because I wasn't satisfied with what I could have. Yesterday, the stock opened down another -5% and based upon Chris's comments, I realized I needed to just take a loss and just get out of this as quickly as I can. I took a -10.74% loss on this one. I am a beginner and should have never attempted to be involved in a stock like this, but I consider it an educational experience in the pocket and will never invest in a stock like this again, especially anything that was bankrupt or on the way to becoming. Steven Mac Lenny,

I was nailed on this one too. I was at the point of selling at $3.96, and backed off thinking that it would pull back some, and big money would come to push it back up as previously over $4. I had actually recorded down an exit target price of $3.86, and didn’t take it because I wasn’t satisfied with what I could have. Yesterday, the stock opened down another -5% and based upon Chris’s comments, I realized I needed to just take a loss and just get out of this as quickly as I can. I took a -10.74% loss on this one. I am a beginner and should have never attempted to be involved in a stock like this, but I consider it an educational experience in the pocket and will never invest in a stock like this again, especially anything that was bankrupt or on the way to becoming.

Steven Mac

]]> By: Lenny http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-6417 Lenny Thu, 03 May 2007 11:36:53 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-6417 Thanks for the advice and i will heed better the market rather then gut... Thanks for the advice and i will heed better the market rather then gut…

]]> By: Chris http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/comment-page-1/#comment-6391 Chris Wed, 02 May 2007 18:42:47 +0000 http://www.chrisperruna.com/2007/05/01/analyze-my-calpine-trade/#comment-6391 Lenny My idea was to sell last week which is exactly what I did. I am not touching it again, for now. This is the best I can tell you. I sold when I saw a red flag for a possible reversal. I happened to hit it on the head for now so I will continue to listen, the immediate short term trend is down. The stock told us to sell and is still getting hammered! Listen to the market, not your hopes! Lenny
My idea was to sell last week which is exactly what I did. I am not touching it again, for now. This is the best I can tell you.

I sold when I saw a red flag for a possible reversal. I happened to hit it on the head for now so I will continue to listen, the immediate short term trend is down.

The stock told us to sell and is still getting hammered! Listen to the market, not your hopes!

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