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And...your most ridiculous reply to date. You realize in order for there to be a sale there is a buyer!
If someone hit the panic button and offered 1mm shares at the market, the stock would of dropped down to a buck. Instead, it was executed on an uptick.
Anyways...
I see what you are saying but you are misunderstanding the point.
There is a buyer of TKO that was looking for 1mm shares. If he were to put in a market order it would spike the price a couple of dollars. Obviously that doesnt make sense, the buyer would be getting a horrible price. If he put a limit order in, in might take three weeks to fill, this stock does not do enough volume for that size.
At the same time, the seller is looking to unload a block. If he were to dump that much stock it would crumble the stock temporarily. Again, a bad price for the seller and a limit order would take weeks.
Instead, the buyer and seller agree to a price and cross. Institutions do this all the time, it prevents crazy market fluctuations.
In this case, you can make the assumption that a buyer either wants to establish or add to a position. He calls around to current large holders and sales traders to see if anyone wants to sell a block to him. They agree on a price and the order gets executed.
It was a block trade. it was a 988k share transaction that went off in two blocks, one at 1.69 and 1.70.
Buyer and seller met at a predetermined price.
Well thats what I would call a large block.
500mm at 1.69
489mm at 1.70
Dont over think it, I think he was long at one point. He is just mad because he lost money, and when he decided to sell, his timing was bad. Remember he sold out basically out at the low (around 1.30).
He knows nothing about any upcoming events, all he did was borrow steelcitydog post a while back and make it his own. The two of them dont appear to have a whole lot to do.
I have no idea what the future holds for TKO but I dont think anyone that posts here has any type of material information in regards to upcoming events.
Do it! Lets see how good you are MLK, stop the maybe's. Give a week and price!
On top of that from what I read, ELNK hadn't yet figured out to a way to make money off that deal. I dont have much interest if the pilot didn't have some kind of revenue platform for TKO. I may of read wrong but that was the jist of what I got, I am guessing that is part of the reason ELNK bailed.
Correct MLK! As you indicate shares do look rather cheap here. I am very impressed with the way you have come around, glad you now see that the pieces are potentially in place.
As you seem to have a renewed confidence in TKO, I hope the company continues to make strides.
You know thats a great point MLK and I do agree with you, TKO held up remarkably well today. It got real ugly today at the close and at least TKO was one bright spot, only down 2 pennies and showing relative strength like you pointed out.
Yeah that is an interesting take MLK and I too agree with you on the seamless transition of Ethostream into TKO. Who knew they would be such a nice addition to the TKO line of business and ultimately adding to the bottom line.
I also agree with your take on them becoming cash flow positive this year. I am not sure about the 3rd quarter like you mentioned, but I think 4th quarter is a fairly reasonable assumption.
OT - Not to sound like a bear because I am net long right now, but this rally we have in the market seems more of an 'up move because we cant go down' move.
Any thoughts on whether we are rallying because of the percieved 'floor' in the market?
Is there another shoe to drop, and if so, will that trickle outward to other sectors other than financial/housing?
Having said that, I stil buy into global expansion and think that as the world continue to grow exponentially, there are tremendous opportunities out there in the US equity market to piggy back on some of the companies that will be doing all the work.
So you mean someone sold shares but noone actually bought them? Do you have any idea what you are talking about? Wait dont answer that...
I gotta say I have never seen as many big bids posted on the bid and offer before. Seems like some institutional trades are getting in the mix a little here, on both buy and sell side. Interesting set up here...
Well, if you had held on you could of made another 35 cents before getting out :)
But onto more pressing issues... do you mean to tell us that something bad is going to happen to TKO in October? Wow, did you get that from Steeltowndog? I mean his posts have been spot on the money so it must be true.
Jeez, thanks for telling me, I am selling my position as we speak. I only wish my broker would let me short the stock now!
Great job passing along credible info MLK. Thanks!
Yeah, I would be scaling here in here for sure if I did not have a position, not a bad place to add either.
Are you still mad that you sold around 1.30 and missed the run up 1.80?
Dont be bitter MLK, just put up a bid at 1.42 and the ride the wave up!
Is that you with the 37m share bid at 1.40, MLK?
Just to add to that, I would not be too concerned with warrants that far out of the money. By the time they are excerciseable, the stock would be trading above 4.17, which would happen over time or with a significant catalyst.
Point being, if those warrants are excerised it is because good things have happened and at that point I dont much care if the stock is slightly diluted. That will already be priced in.
Sirius, ditto what BSD said.
No, because someone is always on the other side of the trade. Trading is a zero sum game in my opinion, someone wins and someone loses.
You can show a bid/offer at whatever price you want. Whether someone wants to execute a trade at that price is up to that party. There was an exchange system problem this morning and most if not all of AMEX had a delayed opening. However, that does not stop anyone else from posting quotes.
To answer your question directly, someone most likely got nervous thinking the stock was going to open lower and sold to the only bid that was posted at 1.39. When the exchange actually did open, obviously that trade was a silly one.
If your broker/dealer lets you, you can post quotes before and after market as well. There is very little liquidity thats why its very dangerous to do it. You never know whats gonna happen and there are no undos.
Now its open
For the last time lol, the stock is not open!
I see sales as well, but bring up your level II and you will see that the AMEX has not posted yet. Probably some glitch at the exchange, that happened a few weeks ago and a lot of stocks had delayed openings.
Its not open yet. AMEX hasn't posted quotes. The sales you see are away from the market.
We are going to see just how short this market is this morning. Dow futures went from -135 to +220 after the rate cut.
That was the sickest move I have seen in a very long time. After being down 350 points the Dow had half of the 30 components finisher ther day higher. The S&P was down 32 points and finished up 4 handles. That is better than a 2% move. I cannot even think about the amount of money it would take to move the S&P up in that type of wave.
Good sign, lets see some follow tommorrow.
The Fed doesn't neccissarily buy securites in the market, they inject money into the banking system so their is liquidity for banks to lend money. Otherwise, you would have seen rates go way up, and credit lock up more than it already has.
Agreed, economy is totaly different from '87. That meltdown was 20% in one day I believe. This is 10% haircut in a month after a 20% run-up in less than a year. Dont get me wrong I have lost my ass, but I understand to some extent what is going on.
The not-so-bright mortgage lenders put the banking system in a crappy position. Countrywide going under would not be a good thing, that may basically erase the lenders off the map I suppose. 1987 Savings and Loan anyone?
Volatility is off the charts right now, you know when Goldman says they dont know how bad it is, its bad.
As far as the Fed, I really dont think the Fed will do anything, nor should they, until this trickles into the economy. When people start losing their jobs is when they need to come in and cut rates to stimulate growth. I would love a rate cut for my portfolio (whats left of it), but I dont think its the Fed's job to be the market protector.
There can be more downside, I think another shoe will drop, but there are so many good names that are now taking a beating that shouldn't be. If I had more to invest I would be looking at many of the bigger companies that have a big global exposure, GE, MSFT, CSCO, DE, HAL, X, etc. These companies are trading at very low P/E's, I am not so sure that this correction will have too much effect on the global growth, so these companies may be getting unfairly punished.
But who knows, I am not ready to call a bottom just yet.
I dont really care if they sell girl scout cookies to do it. Just get cash flow positive!
In all seriousness, they indicated $25mm, which would bring them to cash flow positive on their monthly run, unless I read the report wrong. Which is really what we need to see. They did report a backlog of a couple of million (I think)which should book this quarter I suppose. That revenue target is going to include all business lines, but I dont think they are in the position just yet to start giving guidance on each revenue stream.
You said that a month ago. We now have: new management, a critical quarter behind us, affirmed guidance, and projections for cash flow positive end of Q4. Enlighted us as to why now we be a good time to sell.
At least MLK makes something up when he tells us to sell. What reasons are you going to share with us?
If anyone has access to Level II, watch TKO. If the overhead from 1.90 to 2.00 get cleared, should run a little.
I answer him because it makes to me happy that I am able to shed some light to someone who is so clearly frustrated.
MLK, help me help you!
MLK, furiously bashing on his keys! Its ok buddy, I will take the time read all your posts, even if I am the only one.
Seriously, its ok to be postive once in a while. It really is! I know you are frustrated because you sold at 1.40, but some of us have not. So be happy for us today. Maybe you can jump back in tommorrow and make some of your losses back!
By the way, your wrong on you numbers, they did 3.6. Exactly what was been floating around for months.
Its not new. This was done a little while back. Its bond with warrants that are convertable at 4.17. It is NOT dilution, warrants dont trade, they are only excerised when the stock hits that price. I am sure we all be relatively satisfied when the stock trades at 4.17.
This type of loan is a lot more favorable that issuing more shares of common stock. Loans at attractive rates with warrants that above the stock market value are the way to go.
They dont have to file today, they gave a date range of Aug 10 - Aug 20.
I am still showing Aug 10 to Aug 20 as the range that earnings are supposed to be released, so I am not expected we see them today.
I think this weeks action is certainly a tell, I hope!
Market is really ugly. Nasdaq broke 2600 and the Dow followed down. I dont remember ever seeing a 40 handle in the S&P 500.
Decent block at 1.60 for 56m, but this has been a strong week for TKO. I agree, selling has subsided here, even in the wake of a huge market sell-off where you would expect people to pulling money out.
That 50m block will get taken out today before market close. The buyer (s) this week have been very careful to not show their hand. There have been very few big bids posted, its mostly just someone taking stock at the offer. Very good sign, now we just need earnings report to be half way decent.
He did not say he did, he said 'how do you know I did not?' If you cant read the frustration in his tone, I dont know what to tell you. It should not concern anyone what an individual investor does in the first place. If he had a gain and wanted to take money off the table, good for him.