Premier Exhibitions, Inc.
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Special Situation: Titanic Assets
By Mike Thiessen - November 8, 2012 | Tickers: FUN, PRXI, SIX
Premier Exhibitions (NASDAQ: PRXI) is known around the world for the “Bodies: The Exhibition.” It has been big around North America and became even more famous after a scandal a few years ago. This same company owns and displays many artifacts from the Titanic. According to an appraisal done in 2007, the assets are worth $189 million, which is more than the market value of the entire company at $131 more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - October 14, 2012 | Tickers: ASTM, AVD, CAMP, CSU, CLGX, MAGS, NTE, PRXI, SVNT, SHF, VRNM
The Big Wave Trading Portfolio is currently under a NEUTRAL condition. The model switched from BUY to NEUTRAL on Tuesday due to the Nasdaq closing below the 50 day moving average on average volume.
Our model expected this switch to occur after Apple (AAPL) closed below the 50 day moving average on strong volume on Friday October 5th. On September 24th Apple began to sell off on above average volume more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - September 30, 2012 | Tickers: AVD, CAMP, CLGX, MAGS, NTE, PRXI, SVNT, SHF, STX, VRNM
The Big Wave Trading Portfolio remains under a BUY signal from August 3rd, following the past week’s market pullback. The pullback was overall orderly with only Tuesday being a session of concern. The fact that there were many stocks that made big moves following that session and that the market did not follow through immediately with the selling shows that the uptrend remains intact and in solid shape.
Despite more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - September 23, 2012 | Tickers: AVD, CAMP, CLGX, MAGS, NTE, PRXI, SVNT, SHF, STX, VRNM
The Big Wave Trading Portfolio continues to be under a BUY signal that was generated on August 3rd. The past week was another overall solid week with solid intraday price action outside of Friday. Another positive was the Nasdaq having two up sessions on volume well above average, continuing the trend from the previous week.
We continue to believe that this uptrend can last longer based on the overall public more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - September 14, 2012 | Tickers: AVD, BVSN, CAMP, CLGX, MAGS, NTE, PXD, PRXI, SVNT, VRNM
The Big Wave Trading portfolio remains under a BUY signal, generated on August 3rd, as the market continues to move higher on well above average volume. On Thursday, for the first time during this rally, we saw the indexes, ETFs, leveraged ETFs, inverse ETFs, and leveraged inverse ETFs all move in the right direction on well above average volume. This is the confirmation we need to start to increase positions more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - September 8, 2012 | Tickers: AVD, BVSN, CAMP, CLGX, MAGS, NTE, PRXI, VRNM
The Big Wave Trading portfolio remains under a BUY condition with strong confirmation of the original signal coming on Thursday when every single important stock market index we track broke out convincingly on enough volume to qualify the breakout as strong. The tight intraday action on Friday with a HOD close in the NYSE and SP500 confirm the move on Thursday.
This strong move is coming on the back of more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - September 3, 2012 | Tickers: AVD, BVSN, CAMP, CLGX, MAGS, NTE, PHMD, PRXI, STX, VRNM
The Big Wave Trading Portfolio remains under a BUY signal from 8/3/12, following the past week in the stock market. There was not much that went on this week that changed anything from the previous BWT Portfolio update. The only significant event this week occurred on Friday with Gold, Silver, and Platinum ripping higher following Ben Bernanke’s speech. A long position in GLD 150 calls two days more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - August 24, 2012 | Tickers: AVD, BVSN, CLGX, MAGS, PHMD, PRXI, STX, VRNM
The Big Wave Trading Portfolio remains under a weak BUY signal, following a week of constructive price action in the overall market. We continue to keep positions relatively small as volume continues to be completely absent in the stock market right now. Traders are still on vacation and there has not been a single what we deem “perfect” or “near perfect” signal since the BUY signal has been triggered. We more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - August 17, 2012 | Tickers: AVD, BVSN, CLGX, MAGS, PHMD, PRXI, STX, VRNM
The Big Wave Trading model switched to a BUY signal on Thursday. This signal was generated thanks basically to the performance of earnings winners, the Relative Strength of the Russell 2000, and a volume surge on the Nasdaq. There was no confirmation with volume in any other index or ETF.
Sadly, overall, there continues to be a lack of any momentum in the market following a stock price breakout. The more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - August 11, 2012 | Tickers: AVD, BVSN, CAMP, CLGX, MAGS, PHMD, PRXI, STX
The Big Wave Trading Portfolio remains under a NEUTRAL signal, despite the gains this past week. While the gains were decent, volume was completely absent. If the data from Telechart is correct, weekly volume for the NYSE was the lowest total for the year. My main three data providers always have different volume totals for the indexes so I average them out, usually.
Even though volume is so low and more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - August 5, 2012 | Tickers: AVD, AXTI, BVSN, CAMP, CLGX, MAGS, PHMD, PRXI, STX
This week marked a moment our model has not seen during a running six month period of time (this occurred in only four months, making it even more interesting), during the past 130 years. With the weak BUY signal in the Nasdaq switching to a SELL signal in the Russell 2000 on Thursday to a NEUTRAL signal on Friday, it marked 11 model switches to BUY or SELL in a more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - July 21, 2012 | Tickers: AVD, BVSN, CAMP, MAGS, PHMD, PRXI, ZLCS
“Trading is a waiting game. You sit, you wait, and you make a lot of money all at once. Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between.” -Michael Covel
“I’ll keep reducing my trading size as long as I’m losing… My money management techniques are extremely conservative. I never risk anything approaching the total amount of more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - July 14, 2012 | Tickers: AVD, BVSN, CAMP, MAGS, PRXI, VRNM
It was another summer-time trendless week, this past week, in the stock market. The decline on Tuesday switched our weak (10%) BUY signal to a NEUTRAL signal. The weakness that followed on Wednesday and Thursday was not enough to switch our model back to SELL as volume was below average and late day rallies took prices off their lows. On Friday stocks rallied but did so on the lowest volume more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - June 17, 2012 | Tickers: AVD, BVSN, CAMP, LQDT, MAGS, MNST, PHMD, PRXI, SINO, VRNM
“The less I cared about whether or not I was wrong, the clearer
things became, making it much easier to move in and out of positions, cutting my losses short to make myself mentally available to take the next opportunity.” – Mark Douglas“Obviously you don’t want to overhaul a program in response to one year just because something didn’t work. That’s when you’re almost guaranteed that more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - June 9, 2012 | Tickers: AVD, BVSN, LQDT, MAGS, MNST, PHMD, PRXI, SINO, VRNM
The Big Wave Trading portfolios switched from a SELL to NEUTRAL signal intraday on 6/6/12 as the Nasdaq rose 1.5%+. The heavier volume selling was drying up before the switch and we warned that a switch was coming last week. That indeed was the case this week. If the next switch of the model is to SELL, this second confirming SELL signal (confirming because the most recent more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - June 3, 2012 | Tickers: AVD, ABR, BVSN, LQDT, MAGS, MNST, PHMD, PRXI, SINO, VRNM
The Big Wave Trading portfolios remain under a SELL signal generated on 5/4/12. The current market environment continues to weaken as stocks among all sectors (even defensive–outside of gold) are breaking down. The BWT portfolios will continue to work the short side (long side with Gold) until a real uptrend returns. We do not expect an uptrend to return to the stock market until at least October more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - May 26, 2012 | Tickers: AVD, BVSN, LQDT, MNST, PRXI, SINO, VRNM
Every single disaster is due to traders not cutting their losses and letting them grow into huge losses. -Dennis Gartman
“If you have an edge and if you keep making good bets as opposed to bet on chance over time you will come out ahead.” -Larry Hite
The Big Wave Trading Portfolio remains under a SELL signal generated on 5/4/12. We expected that an oversold bounce was coming more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - May 19, 2012 | Tickers: AVD, BVSN, FU, LQDT, MNST, PRXI, UVXY, SINO, VRNM
“I did not for one moment consider abandoning my chief defensive weapon—the stop-loss order. No matter how well built your house is, you would not think of forgetting to insure it against fire.” -Nicolas Darvas
“Remember, the market is designed to fool most of the people most of the time. Sometimes, the market will go contrary to what speculators have predicted. At these times, speculators must abandon their predictions more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - April 28, 2012 | Tickers: AVD, BVSN, CPWM, EPAM, LQDT, MNST, PRXI, SWHC, SUNH
“When you are starting out, it is very important not to get too far behind because it is very difficult to fight back. Most traders have a tendency to take risks that are too large at the beginning” – Gary Bielfeldt
“Professional traders manage their trading to assume that each trade may be a loser.” -Peter Brandt
The Big Wave Trading Portfolio is currently under a BUY signal after having to more »
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Big Wave Trading Portfolio Update And Top Current Holdings
By Joshua Hayes - April 21, 2012 | Tickers: AVD, BVSN, CPWM, EPAM, FU, LQDT, MNST, PRXI, SINO, SWHC, SUNH, ULTA
“Profits always take care of themselves but losses never do. ” The speculator has to insure himself against considerable losses by taking the first small loss. In so doing, he keeps his account in order so that at some future time, when he has a constructive idea, he will be in a position to go into another deal, taking on the same amount of stock as he had when he was more »
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