is just relaxing in the islands these days.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sold Mine At .57...
Hope it runs for you...
GLTA
Did You See That???
4 kings 12k each...
Nice...
GLTA...
Trying To Get In...
Moving the 55k all around...
lol...GLTA...
May Buy Back At 4.50 to 4.75...
If it comes back...
GLTA...
Just Sold...
GLTA...
Keep An Eye On WAVE This Week...
http://www.metacafe.com/watch/yt-dUqWI-v-xgE/pat_green_wave_on_wave/
http://investorshub.advfn.com/boards/board.aspx?board_id=8376
GLTA
All The T/A Looks Really Good...
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 1385458
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 859739
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 572332
Overall Average: 88% - Buy
http://quote.barchart.com/texpert.asp?sym=WAVE
GLTA
It Was The Russell Index Exiting...
Do not sweat it...
They do this once a year with stocks that have fallen and do not meet their reqirements...
GLTA
Will be Selling Today...
GLTA
Psssst Buy All You Can Now...
GLTA...
Can Someone Give Me a Chart on...
GE and Faz...
TIA
Good luck to all
'Bad Bank' Funding Plan Starts to Get Fleshed Out
May be green tomorrow???
http://online.wsj.com/article/SB123603913648314649.html
GLTA
Sold This Morning At 1.54...
And bought back in at 1.21 at close...
GLTA
This tells you the company is here to...
STAY!!!
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced the appointment of Gregory Raab as Chief Risk Officer (CRO). Mr. Raab assumes this responsibility from David Wallis, who was promoted to the role of President and Chief Executive Officer in October, 2008.
As CRO, Mr. Raab will be responsible for managing Ambac’s $430 billion of net insured par outstanding and will drive key decisions surrounding risk management and loss mitigation. Credit, Surveillance and Capital Planning and Risk Analysis will report to Mr. Raab. In addition, Mr. Raab will be a member of Ambac’s executive management team.
Ambac’s President and Chief Executive Officer, David Wallis, commented, “Greg's strategic, analytical and business experience will enhance our management team and overall organizational perspective. De-risking our portfolio is one of our key strategic initiatives. Greg’s leadership will support our aggressive remediation and commutation agenda while building a risk centric-culture that will harness the lessons learned from the current environment to rebuild and reinvent our business around our core strengths. I have every confidence that his guidance and oversight will contribute significantly to our future success.”
Mr. Raab brings more than 20 years experience in strategy development, risk management, securitization and structured finance. He comes to Ambac from GE where he established a Center of Excellence to source, analyze and acquire discounted ABS securities. Before joining GE, he was CEO and CRO of Axon Financial Services where he launched and managed a structured investment vehicle with $14 billion of assets. Prior to Axon, he served in a number of roles at Financial Guaranty Insurance Company in the structured finance, public finance and capital markets areas. Mr. Raab also served as Chief Risk Officer for GE's Structured Finance, Public Finance and Capital Markets Group. Earlier in his career, he worked at Fitch Ratings and was responsible for Taxable Fixed-Income and Asset and Mortgage-Backed securities.
http://www.businesswire.com/portal/site/...
GLTA
Will Citi Common Stock Soar Tomorrow? (C)
Joe Weisenthal|Mar. 1, 2009, 3:10 PM|5
Tags: Investing, Citi, Bailout, Financial Crisis, Banks
C Feb 27 2009, 07:41 PM EST
1.50 Change % Change
-0.96 -39.02%
On Friday, John Carney explained why Citi preferred shares rallied at the same time as Citi common stock sank miserably. Basically, hedge funds recognized that the official preferred-to-common exchange ratio provided compelling value, so they piled into the preferred, while shorting the common. But the trade may have been a mistake.
As Zero Hedge explains, many of the arb players may have jumped in too soon:
The problem that most however may have overlooked is a little footnote in the Citi illustrative example of how preferred to common conversion would take place, where Citi noted that the government will provide separate treatment for private and public preferred shareholders: "Ownership assumes conversion of publicly issued preferred stock is done at a significant premium to market, while the U.S. Government's and privately placed preferred are done at par."
Investors are now hoping that the premium for their publicly purchased preferred shares will be lower than the "guaranteed" 50% return they would pocket if they executed the trade at the end of the day, as otherwise they face massive losses on the conversion. As the Volkswagen example has taught us, and as the government has shown in its "white glove" treatment of private investors of all kinds, and couple that with some forced repo pulls by Citi common longs who may eventually realize their stock will skyrocket if they cause a forced squeeze, we wait with baited breath to see the carnage as the "Citi Arb Trade" blows up at some point over the next several weeks.
The bottom line is that we don't yet know how normal owners of the preferred shares will be treated. That will be announced at a later date, and it may not be nearly as favorable as the treatment offered to special private investors, like Prince Alwaleed.
If investors freak out and rush out of their common shorts, the stock could stage a vicious rally.
http://www.businessinsider.com/will-citi-common-stock-soar-tomorrow-2009-3
Very Well Written on Yahoo...
MUST READ FOR EVERYONE-Lets be absolutely CLEAR 28-Feb-09 08:43 pm
I've been reading a lot of comments about the conversion on Friday. Lets go through this..
Basically there are gonna be two distinct groups of preferfs being converted. The governments and the average Joe's--lets make this as simple as possible....
The government's CONVERSION goes like this
The preferred was trading between 4 and 8 dollars Friday
The par value of the preferred is $25.00 per share
Citigroup said they would convert $3.25 of preferred to common shares which everyone knows is trading now at $1.50
Therefore doing the math--if you bought 1 preferred share whose par value is $25.00 and you bought on Friday at say $8.00, then you now have owned 25.00 / 3.25 worth of the common as well. This represents 7.7 shares of the common. But the common is worth $1.50 each--therefore you own 7.7 X 1.5 = $11.95 FOR EACH $8.00 YOU SPEND ON THE PREFERRED. Or another way to look at it==for each preferred (8 that you spend)--you make 11.95-8 = 3.95 PROFIT.
No wonder why everyone was shorting the stock on Friday. They were just capturing the arbitrage of 3.95 for every 8 dollars they spent--that's a 50% profit with NO RISK.
NOW LETS LOOK AT THE COMMON JOE'S CONVERSION
The market thought that they were getting the same conversion rate (ie $3.25), but it clearly states from Citigroup's own website, that the conversion rate WILL NOT BE THE SAME and will be a premimum (a higher number than 3.25). Therefore, it is logical to assume that $3.25 will NOT be the conversion price. But we still don't know what that price will be.
Lets say it's 5.00--then do the math--
25.00/5.00= 5 shares of common. 5 shares of common at 1.50 each is $7.50. If you bought on Friday for 8 dollars--you just lost 50 cents per share. Therefore you would want to unwind the short position right?
Only problem is-- you didn't short 5 shares--YOU shorted 7.7 shares. You could take the loss on the 5 shares at 50 cents a share. But that still leaves you with 2.7 shares to cover since you are basically NAKED short 2.7 shares RIGHT?
That's my point-- depending on the conversion number (and I hope it is very high), those who shorted C on Friday for arbitrage are gonna get hammered since they in effect shorted too much common, because they used the wrong conversion price of $3.25 . Bottom line is this-- the higher the number from 3.25--the stronger the short squeeze.
Stay tuned-- this is gonna be interesting
GLTA
If you didn't get out over 1..
You need to hold tight...
I am loading as she sinks..
They will release news and all will change.
Their taking it down and accumulating at the same time...
They are not filing BK...
And have enough to make it for awhile...
Good luck
I think this will be 2.50...
In a few days...
Bought some today...
This is not Fanny or Freddie...
Good Luck
I would hate to see what you...
Would considered me???
lol
Merry Christmas and a Happy New year!!!
What is that???
_____________________________________________
((Fear my last word, baby. Live in fear. ;))))
Hmmmmmmmmmmmm
What happen here???
1.56 now???
Is this a bank with a platform???
Wow...
Good Luck
Good Luck To All...
I might pay for this???
6 trading days left to earnings...
15,000 shares @ 2.18...
If she goes under 2 I have stop losses...
Looking for 2.60+...
With in the next week....
Good Luck
I'm tryed???
Under that form it doesn't seem to work???
(TikiGal) You know my name under that same form...
Write me...
And don't forget about that steak and the sauce...
Good Luck
How have you been???
I hope well...
Just got back to the states a few days ago...
Talk soon???
Good Luck
It seemed some one didn't want this...
To run yet??? lol
Well there's always Monday...
Good Luck
All are looking small...
We may see .86 or so...
Nice...The Break Out is on!!!
Those shares at .58 I bought this morning are looking GREAT!!!
Good Luck and have a nice weekend!!!
PUSH PUSH PUSH to that .80...
Come on you can do it...
That will be a nice little profit so far...
Good Luck
I don't think so today...
It may touch the 2.50 or a little higher, but I don't think it will do much more then that today???
You guys are right about this stock making a major run shortly...
If you ever have a chance to pick this stock up under 2, it is a gift...
Good Luck
Need to break that .76...
Let see .80 before the weekend...
Good luck
Finally broke that .72 to .73 range...
Lets get a little high now...
Good luck
You should have...
This stock has some of the biggest flippers in it...
It is a fun stock...
Because it goes all over the place...
Good Luck
Nice slow steady climb...
That is what I like to see...
I think by the end of Tuesday...
We will be trading at the 1.00 mark...
If not sooner...
Good Luck
Some one just took some nice orders
At .70!!!
Nice...
Good luck
If this gets past .69...
Well maybe .70 lol
We will take off...
Good Luck
I knew the retailer would sell
In pre-market, they always do.(panic)
They trade on emotions...
They would do better to just shut the pc off for a few days...
Good Luck
Hey Florida, how have you been?
Just little retailers selling...
Good luck
I bought a load at .58 today
We will see...
Good Luck
Good To See You SA...
Show me how oversold LVLT is...
Had to buy some today...
Good Luck
Ok... Just for the fun of it
I picked up a few...
This stock can not be much more oversold...
It is one of the highest I have ever seen in oversold rankings...
It may have a little pull back, but it will bounce...
I also think a lot of shorts covered here...
But you also had a lot of panic sellers today...
Plus some institutions selling also...
Good Luck to all
Some one made over .20 in about 30 minutes.
Nice...
Good luck...