I promised an update if I found out additional information on BLOAQ.PK which is BlockBuster Liquidation, not BlockBuster Stock. Many including myself bought this by accident thinking it was the actual stock symbol for BlockBuster since there has been allot of press on BlockBuster Streaming coming back against Netflix. I was luck to get out quickly as I was doing it more as a trade. Other apparently were not so lucky. Please take the time to read this link. If you want to buy anything you need to buy Dish TV Stock DISH. Please read this new news about the situation on BLOAQ.PK stock symbol.
Read the Article Here –> Blockbuster Mailbag: What’s Happening With BLOAQ?
Hey Guys,
I have been trading for awhile, but on this speculative trade I spoke about in prior documented posts I really just got super lucky!
There are two things that happened here that I want to explain. Again, I do not claim to be an expert and I just speak openly about trades and strategies I am making.
Most of the time though lately I think my strategies have been working well and have been making good decisions on when to get in and out.
OK, I bought into BLOAQ.PK last week. I will put the stats above with time stamps so you can see actually what I did. Of course I did not buy a huge amount, only 10,000 shares at around 7 cents which is only $700. So I did not get rich, lol. But I did double my money.
I started reading the message boards on BLOAK.PK and guys with obviously more experience than me where talking about this stock and were not understanding why it was going up so much and that it was just the BlockBuster Liquidation holdings which should not be the stock symbol for BlockBuster Stock since DISH or Dish TV bought them back in March.
But, either way I think people like me have mistakenly thought this was how to buy BlockBuster stock? It has been climbing since April. In the last few days it has gone up over 100% and I decided to sell today. It was at over 15 cents and since I sold my small amount and took my $700 plus profit, it has dropped down to 9 cents.
Even though now after reading the message boards, I think the proper way to have invested in BlockBuster would have been to invest in DISH or Dish TV who bought them. For some reason when I originally tried to find out about BlockBuster I found the BlockBuster Liquidation company and thought to invest this way and apparently a bunch of other people thought this too.
I am still confused about it though and will do more research on it and let you know more. But, if you know please leave comments as I would love to understand it more in depth.
My Official Stats on This Trade
Filled Sell 10000 BLOAQ Limit 0.1553 – – 12:06:50 09/23/11
Filled Buy 10000 BLOAQ Limit 0.078 – – 10:24:00 09/06/11
Now for the second part. While selling BLOAK.PK for 100% profit I was slowly accumulating NFLX at the low of 128. The reason is that I really believe that Netflix is just way way oversold. I mean this stock was over 300+ a share just days ago and do not really see a huge change in the way they will make a profit and think they are still in a strong position from a business perspective.
I mean sure the CEO Hastings screwed up. He admitted that and gave a some what sorry apology. He split the DVD service off under the name Quickster. People say that was a mistake, but I actually think it was smart. They don’t care about the DVD rental business and are focusing on their future which is the streaming video service which they are expanding like mad not only in the U.S but eventually in 43 other countries.
The bottom line is Netflix has no competition. There are a few that are trying to copy and yes a couple are big players. But Netflix really has the competition beat and believe this stock is going to accelerate upward as fast as it dropped. For the record I have dollar cost averaged into 100 shares of NFLX at around 128 – 130 for my shares. Even if it drops a bit, I think there is way more upside here than downside over the weeks and months ahead and plan on making a really nice profit here.
Then today another article just came out about the BlockBuster streaming service which is now only for Dish TV subscribers. I will post the link below to this article. So I am even more happy now with my decision to sell BLOAK.PK because this comfirms that they really are not going to be much competition for Netflix at all. This is opposite of what I was thinking.
Click Here to Read the NetFlix Can Breathe a Sigh of Relief Article
So the bottom line is this is my new strategy and am looking at this huge drop in Netflix as a gift.
Oh buy the way, I also bought a day ago a Call Option on the SPY which mirrors the S&P500. Think the market is getting oversold and this will climb some over the next few weeks.
I will talk more about it in another post.
Have a great weekend and as always please leave comments!
(NFLX) NetFlix Dropping and a Dish Owned BlockBuster Streaming Service Striking?
Wow now this is a strange thing to see.
As you can see, things can change quickly and I truly believe in my last post speaking about BLOAQ.pk BlockBuster who is now owned by Dish TV and is releasing their new streaming service in October is at a perfect time.
NFLX Netflix has pissed off customers as can be seen all over social media outlets like Facebook and Twitter with their arrogant way they shoved higher prices in the face of their customers. Well, now the reaction is in direct correlation to a huge selloff in their stock from almost 300 a share down to 134 and dropping today. Wow, I love it!
Now to tell you the truth the underdog is BlockBuster but I still think with a share price of just 7 cents, yes I said 7 cents BlockBuster could be a Cinderella story in the making. Yes, they were ready to go under, they did not anticipate the future, but they are under new ownership with Dish TV and have big plans for their new streaming service. They also have the DVD’s you can get at their machines just like RedBox. So they have the best of both worlds.
I am not pushing this stock but in my mind am just seeing this whole scenario playing out. Could the BlockBuster Brand come back strong under the new Dish TV unbrella? I think it could and the timing could not be better if they advertise and market this correctly. It could be like the Apple vs PC commercials, LOL.
Here is a link to a great story Forbes just put out on this exact story I am talking about. Forbes Article on Netflix and BlockBuster.
I will also include the link to my prior post on this topic. Prior Article on (BLOAQ.PK) BlockBuster Inc – A Screaming Speculative Buy?
Check it out yourself and let me know what you think about this and BlockBuster Stock. The symbol is BLOAQ.PK
Last Friday I attended a Free half day session at Online Trading Academy.
I listened really hard and tried to take away as much as I could on Trading.
Of course I mainly trade stocks right now and briefly tried Forex Trading.
I have my own strategy I have developed and it seems to be working fairly well. Look at my post on CBOU Caribou Coffee. I made $900 on this trade. I continue to develop my strategy to minimize my risks. The only thing I would like to do better is to set stops. The only problem is that you can lose great opportunities also by having stops, but again that gets back to how to set them properly.
One of the key points they seemed to discuss throughout our half day session at Online Trading Academy was how you could trade successfully if you attend the Online Trading Academy.
There was a powerpoint presentation that they went through and one of the key guys or traders they brought up was a guy named Sam Seiden. They classified him as Best Educator.
They also said the Best Webinar to watch is Identifying high probability turning points by Sam Seiden and mentioned Lessons from the Pro’s of course by Sam Seiden.
Here is the link at Identifying high probability turning points.
I did a search on him on Google and came up with the video below and a link to a seminar on Supply and Demand Stategy.
This seemed to be a key topic and selling point of attending the Online Trading Academy. That what most people use is indicators like MACD, Bollinger Bands and moving averages were all historic indicators and that the way to be a more successful trader was to learn these supply and demand strategies.
I watched the video and of course it must be over my head because I have a hard time following any of it. I am guessing they want you to attend his classes where he will give you the real scoop. I wanted to do a post on it for your reference and just to tell you that I did actually attend the Online Trading Academy half day class and really enjoyed it and meeting all the guys.
To tell you the truth though I was very disappointed after watching this webinar. It was very confusing and to me after 40 minutes felt like I had wasted my time. I mean if this is the best educator I was expecting at least a little substance. This just seemed like a guy wandering around a chart to me not really telling me anything in specific I could use. I know they keep saying at the end to attend his classes where you will learn everything, but if they had given a little more meat I probably would actually be more interested.
After the half day session at Online Trading Academy there were 2 options with a 7 day course for $4990 which does not include any personal attention after the course, but you can retake the same course for free with different trading instructors. Then you have the other option which is the week long course, plus you get to use their XLT with online scheduled instruction and mentorship with a trader. You also get access to their ProPicks which is actually information given on trades including buy and sell information as well as stops.
You also get discounts on TradeStation which is the trading platform they teach you on. This entire package is around $12,000+.
Stops were also discussed as very critical, but they would not really go into exactly the best ways to do this as they want you to take the classes. I want to research setting proper stop levels in more detail and will do a separate post on it.
I have included the video with Sam Seiden just for your information since they spoke so highly of him. I will continue to research the supply demand strategies I can find out here on the net. I get the concept behind the Supply and Demand of the orders, but just did not get anything in regards to how you actually know when to pull the trigger. I would like to eventually attend one of their classes just to see what it is all about, but for now will look at all other resources.
After attending I do think it could be a worthwhile resource to have in your toolbox, just kind of expensive. But, if you look at someone who spends $60,000 on a 4 year business degree who gets out and cannot either find a job or who is working for someone else for $35,000 a year it may not seem that bad.
I mean if the Trading Academy really teaches you how to make a six figure income working part time after becoming a successful day trader, maybe the price tag would be worth it. They have experience traders who are teaching you their exact techniques on how they trade and make a living doing it. It’s all about how to consistently have more winning trades than losing trades. You will have some losers, but with the proper implementation of stops you minimize your risk. At least this is the theory behind it.
Of course I do not endorse it either way and I am just providing you the information like I always do and just my opinions. Everything you do in regards to investing, classes etc. needs to be solely your decision. Always do your own homework and gather your own knowledge to make informed decisions yourself.
Sam Seiden is known for his trading and educational guidance.
The video on Supply and Demand Strategy uses examples for the Forex market or Foreign Exchange where you are using currency pairs like the EUR/USD to make a profit.
So what do you think about Supply Demand Strategy after watching the video or webinar. Are you as confused as I am?
If you have information on the subject I would love for you to teach me more or give me links where I can find more information.
What do you think about all this or do you have a different method that works for you if you are a trader.
Comments are always appreciated.
Have a great week.
Here is a funny YouTube Video called Quantitative Easing Explained that I found doing a YouTube Search.
It is very insightful and kind of hilarious!
Enjoy!
Apply Now for the American Express(R) Premier Rewards Gold Card.
(CBOU) Caribou Coffee owns and operates coffee houses. They also sell whole bean and ground coffee to grocery stores and many other distribution outlets. They have 407 company owned coffee houses and franchise out around 147. They are based in Minnesota.
Update: Here is the actual trade statistics below. I made roughly a little over $900+ on this trade in 5 days. Will buy more on any pullbacks to do the same.
Filled Sell 700 CBOU Market 14.5154 – – 14:14:57 09/14/11
Filled Sell 100 CBOU Market 14.5101 – – 14:14:57 09/14/11
Filled Sell 200 CBOU Limit 14.5401 – – 14:13:50 09/14/11
Filled Buy 500 CBOU Market 13.5664 – – 11:51:49 09/09/11
Filled Buy 300 CBOU Market 13.609 – – 11:44:52 09/09/11
Filled Buy 200 CBOU Market 13.701 – – 11:34:16 09/09/11
I actually found out about Caribou Coffee from a guy at work that told me he was going to buy a small amount of the stock and got me interested in it. I have been watching their pricing action over the last few months. Sometimes it was surprising to see the market down and Caribou up on some of these days.
A 3 month chart shows them topping out around 17 and the low at about the 13 range. When I saw recently that it was sitting at around 13.5 I just had to buy some. The stock has had momentum and even though it seems to be in a bearish mode I think Caribou will break out and I can make some money on this trade.
I really like their low debt and improved business model. I love coffee and think that it is just a growing market and think Caribou has lots of room to run up.
Ok and here is the best part. Here is Caribou Coffee Chocolate TV Spot which is one of their first commercials. Check it out, it is really cute.
OK, of course this is not why I am trading the stock. I think it is a great company that is way oversold and want to make money on the trade. But, it also fall into my general rule of trading stocks that I would hold long. This is one of them.
What do you think about Caribou Coffee Stock? Please leave comments.
Here is a webinar video that I found really interesting. It covers some key strategies you can utilize in your trading.
It is by Markus Heitkoetter of Rockwell Trading.
So just what in the heck is Fibonacci and how do you use it for trading. Well that is what I was researching a bit this morning and actually found a couple good trading websites that I checked out and have added their YouTube videos here on the subject.
Leonardo Pisano, better known by his nickname, Fibonacci, was an Italian mathematician born in Pisa in the 12th century. He is known to have discovered the Fibonacci numbers, said to be based upon observations of the Great Pyramid of Gizeh in Egypt. Fibonacci Numbers are a sequence of numbers where each successive number is the sum of the two previous numbers.
e.g. 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
Video is compliment of the website TheTradingAuthority. I will have to check this site out and learn more about what they have to offer.
The Fibonacci sequence is applied to finance in several ways: retracements, extensions, arcs, fans, and time zones.
This video is long, but goes into some good detail on Fibonacci. Compliments of TradersLog.
I have not used Fibonacci myself and tend to use other factors in my trading. But, I am trying to educate myself in all areas of trading so I thought this could be a benefit for me to understand. To tell you the truth, I am still a bit confused about this topic and know I will need to continue reading and testing.
I thought I would post these videos on Fibonacci for you to use and place this post under our category Technical analysis.
I saw a Youtube video saying some kind of negative things about the Online Trading Academy. Of course it was another company promoting themselves, so I took it with a grain of salt.
I will tell you how I heard about this popular trading school.
Well I am a big PodCast guy and I began listening to Power Trading Radio awhile back on iTunes on my iPhone. It is extremely interesting and got some good stuff out of it. Actually I have wanted to start listening again as I have been real busy and have neglected listening. I think if you listen to the Power Trading Radio Podcasts and visit the website you can learn quite a bit. The PodCast was excellent though.
I know they really push the Online Trading Academy on the podcast and website. I grabbed this video from CNBC speaking about the school in a fairly positive way. It says for a one week course it costs about $5000. That does sound like allot of money, but if you get the skills of a good trader, it could be worth it.
I have self taught myself allot about the statistics behind trading and lately have been doing much better and have a set strategy and rules I follow. I have lost money teaching myself through the school of hard knocks and reading and researching on my own.
But you can always learn more and get better. The idea behind a school where you can learn to trade is a great idea. Like I said the guys seem very knowledgable from everything I have gathered. I just thought I would discuss this as I just saw an infomercial discussing the Online Trading Academy and the free half day course they are offering. I live in Florida and saw they have one coming up in Orlando, FL down close to where I live. I just may look into it as I love trading stocks and would really like to do it as a full time profession some day. I am always looking for mentors and people I like to learn from. As I find those mentors I will continue to add them to this site along with other resources I have been using.
I have attached the CNBC video in case you might be interested. Oh by the way my latest trade is a purchase of CBOU or Caribou Coffee. I will be discussing this trade in my next post.
I think the school is very interesting based on my experience with their podcast, website and blog. I think after my review, it falls into a sweet education for someone wanting to make money as a trader and could be a worthwhile thing to participate in.
Remember, I don’t give advice on this blog. This is just my opinion and you need to make your own decisions regarding investing as well as signing up for courses. If I go to the half day course I will do a post on it for you.
Maybe they will give me a free week for talking about them on my blog. Just kidding. Take care and will talk about Caribou Coffee in my next post!
In the last 2 weeks I have made a nice bit of money trading (SD) or SandRidge. I liked the new business model of Sandridge and maybe like them long, but have been doing trades as they drop down in the $6 dollar and up to the $7.50 range.
Even though I do think the demand for oil has to be coming down with some of the weakness in Europe, the U.S and even somewhat in China.
Now the interesting thing was this video below with Dan Dicker. It is very interesting how he is explaining the ridiculous spread between Brent Crude Oil and the WTI. He says the Brent crude is becoming a safe haven trade like gold and that the price tends to be sticky even though the demand for oil is weakening.
Brent Crude is the biggest of the many major classifications of crude oil.
The name “Brent” comes from the naming policy of Shell UK Exploration and Production, operating on behalf of ExxonMobil and Royal Dutch Shell, which originally named all of its fields after birds (in this case the Brent Goose).
He mentions SandRidge Energy and says that if this large spread stays put with Brent being up around $115 that companies like them will be minting money. I see (SD) is closing lower after hours. I am hoping it drops down in the $6′s again so I can pick up a few more shares. Watch the video explanation of this. It is very interesting.
I know Cramer and a few others are saying to stay away from Sandridge, but it has been a good one to trade for me. Really like it down in the $6 range.
Happy Trading!
OK, before you start to laugh let me tell you that periodically I do a crazy speculative buy. I decided to purchase today 10,000 shares of (BLOAQ.PK) BlockBuster Inc for a Whopping $700 and some change or roughly 7 cents a share. Even though speculative, I have thought through this carefully and will tell you my reasoning why this could be a good long play or short term trade. Either way if I make money that is all I care about.
My first test of this stock was when I was helping my son move this weekend. Always listen carefully to the young twenty somethings. You can learn allot from them. He was talking to us about how he thinks NetFlix really sucks with their price increase. He said he has been watching shows on Hulu and just orders movies from his BlockBuster app.
I said Blockbuster? He said yes that they have an app now that he can just order streaming movies from. I thought this was interesting and they also have the vending machines like Red Box. OK, this sounded too good to be true. Everything I had heard is that BlockBuster has claimed Bankruptcy and was history. Well, let me tell you they are not history yet and seem to be coming back to me after hearing the younger in the group telling me they were getting DVD’s and ordering streaming movies from BlockBuster.
After some digging I read a few articles on Blockbuster (BLOAQ.PK). They completed the sale of essentially all of their major assets to Dish Network for something like $320 million for a company valued at over $800 million.
Dish Network got an established brand name and 1,700 physical store locations. A piece of every video-rental pie, from DVD-by-mail subscriptions and strip-mall rental kiosks to the every popular pay per view digital streaming services. Now if they play the strategy right and focus on the best of both RedBox and the streaming I could actually see BlockBuster bounce back.
If they can build there reputation back up, reduce costs and increase earnings and mend some bad relationships created from the bankruptcy I think they could be a viable player again. I mean come on they were a household name and went down in flames because they did not keep up with the moves in technology.
I think if they sit back with this new ownership and look at the success of RedBox and the positives and negatives of some of the recent moves that Netflix has made and set themselves up to take the best of both worlds, you could have a come back king.
Now of course this is all based on how smart their strategic planners are and how good they are at execution. I really do think they have the Brand already and as a speculative play I will take the risk.
I know the last stock a few years ago my son kept telling me about and how great their products were was Apple Inc. Enough said.
What do you think about BLOAK.PK BlockBuster Inc. as a speculative play? Can they come back as a successful player? Leave Your Comments Please!
Take Care and have a great week!
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