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Hey Loniee, do you remember me telling you about MGLG news when it came across my screen this morning? Don't look at what it did LOL
well, I can't watch this the rest of the day. I'm gonna be sick. Someone call me if there is news.
Must be nice. Maybe this time I'll step away from my computer for 5 seconds and good news will come out instead of tanking everytime. I can't stand it when I have to go to work and dont' ahve any of my charts. I should just sell everything before work lol.
yep, and they are suing b/c they were screwed lol
Well i'm all in now. Nothing I can do. Sucks, yesterday I go to lunch and come back to an 80% drop, today i come back from a 10 min smoke and $1 broke and sell off lol. Nothing's changed in my eyes. Biggest bank in florida what are they gonna do? close their doors? i don't think so. Just a bad day all around. Markets tanked today. People losing confidence etc...
the bad pr was already known though, just really bad timing.
ya................. I guess i'm hoping for some good news.
My spotter told me I have a target inbound.
What a crappy day lol. Everything on my watch list is red. EVERYTHING. I made a little flippin something but other than that i'm staying out. I suppose the market was due to dip after last weeks bs fluff and run. Let's look for bottoms here and hopefully another run up when CNBC/News changes their tune again.
LOL, I know Grumps. My IHUB expired and i dont' plan on renewing it. I'm just saying, i'm ready to snipe some B#$%es and H03S if I need too.
Barret .50 here, dont' #$%# with me.
Did you end up selling off as well or buying more at the $1 mark, or both lol. I'm gonna keep a close eye on her tomorrow. i saw the $1.50 mark news as well. This is my last post for the day.
Some targets for tomorrow. I'm not going to have time to annotate anything tonight so here they are. FNM, been watching it, seems to be at the buy area on the trendline. AGM, had good news today, sitting at the 200ma, with that good news and nice break might be a good one to catch. HBAN, toying with the 200ma again, pop? UCBH, sitting right at support. If it doesn't break through looks like a nice buying opportunity/bounce plus possibly more. ANDS, still watching it for a key break and some volume.
What does everyone else think? Anyone have anything for tomorrow?
>
My scans are comming up pretty weak today. I have a few possibilities but will more than likely depend on where the market heads tomorrow. I would guess tomorrow would be an up day, but that's just my uneducated guess. Lately I just say the opposite of what I think it should do and it does exactly that lol. I'll post them up when I get home from work tonight.
As far as the sell off. I'd guess it was mostly people making sure they locked in their profit just-in-case and a few panic selling taking a small loss. Your gonna have a lot of holders at high levels tomorrow which I doubt are gonna take that kinda hit. So you have holders and buyers in the morning, IMO price will go up!
Yes i'm at work. I tried calling you but you changed all your phone #'s and didn't tell me lol. i got some old lady running a prositituion house.
I have no extra funds in my scottrade account otherwise I'd hit this deal at $1!
WFC had to dillute, every bank is in the same trouble, nothing new here, just pissed I can't get a deal today.
I agree. The bank is in trouble everyone new it, just like every bank in the US, that's why it's at the price it is now. Bounce at $1 and move back on up and wait for the same news we were waiting for in the first place.
Bouncing at $1
DOW JONES NEWSWIRES
BankUnited Financial Corp. (BKUNA) on Tuesday said it expects to report a second-quarter loss of $443.1 million, or $12.55 a share, widening from a loss of $65.8 million, or $1.88 a share, in the year-ago period.
The Coral Gables, Fla., bank holding company failed to meet an April deadline from the federal government to raise capital or find a buyer, according to a filing with the Securities and Exchange Commission. It ended the quarter with about $1.3 billion in cash on hand.
The company said it needs to raise about $1 billion to raise its Total Risk Based Capital Ratio to 8%.
The company identified two material weaknesses in its internal control over financial reporting, according to the filing, leaving a "reasonable possibility" that BankUnited wouldn't be able to detect problems with its financial disclosures.
BankUnited filed to delay its quarterly report with the SEC, citing the complexity of accounting and disclosure issues for the delay.
-By David J. Reynolds, Dow Jones Newswires; 202-862-1342; david.reynolds@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=Uf07HjH2E3kguvqrobPF6w%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
05-12-09 1742ET
Copyright (c) 2009 Dow Jones & Company, Inc.
BKUNA, I personally have to thank Loniee for keeping my head in check when it dropped last week. The head games are the hardest part for me, I guess that comes with expierience. I would not be surprised to these this badboy over $2 tomorrow.
I'm still here. just watching, and waiting for that news baby. I got a good feeling!!!!!
Thanks bro, lets hope she doesn't gap so freaking hard tomorrow like today and that I dont' sleep through my 2am alarm again lol, sheesh.
Hey loniee. Doens't look like CNB gonna be closing over $2 today. Is she due for a retrace tomorrow? Or just a nice consildation day and up again. I'm at work and dont have any charts, me a sad panda.
Let's see if CNB closes green, break that $2.03 baby!
great day today!
She still can't break and hold it. Dunno what to think about those two.
WATCH FEED 200MA break
TUESDAYS STOCKS ON WATCH. ANDS & FTBK. I am not saying buy just something to keep on watch. DD them and watch for key breaks and set a tight stop.
Tomorrow should be interesting
DUMAR: My ihub expiered so I can't respond to you. The next resistance of CNB is $2 than a big one at $3 mark. I hope it will blow through the $2 tomorrow. As far as CORS I have no idea I have not followed it. That is JMHO.
OPMR: I got out last week with a small loss. I'd rather take that than sit through another reverse split. One of those was enough for me. Plus I made the money back times 10 today anyway.
BKUNA flying afterhours WOW! CNB 1.72 after hours WOW! hehe
You still holding OPMR?
I got a possible play for ya'll tomorrow...Will do a chart when I get home from work this eve...
speaking of that. BKUNA news....
JC Flowers Mulls Bid For BankUnited -Report
Friday 05/08/2009 10:49 AM ET - Dow Jones News
DOW JONES NEWSWIRES
J.C. Flowers & Co. is considering an offer for BankUnited Financial Corp. (BKUNA) unit BankUnited FSB, the troubled Florida thrift, the Miami Herald reported Friday on its Web site, citing a person familiar with the matter. The bank faces a Federal Deposit Insurance Corp. deadline of May 14 for prospective investors or buyers to submit bids. J.C. Flowers declined comment as did BankUnited. TD Bank Financial Group also is looking at a possible bid in an effort with Goldman Sachs Group Inc. (GS), The Wall Street Journal reported April 24, citing people familiar with the situation. Also, the Journal reported that a group of private equity firms that includes Carlyle Group LLC, W.L. Ross & Co. and the Blackstone Group LP (BX) has been conducting due diligence on BankUnited.
Full story at http://www.miamiherald.com/business/story/1038068.html
-Dow Jones Newswires; 201 938-5500
(END) Dow Jones Newswires
05-08-09 1049ET
Copyright (c) 2009 Dow Jones & Company, Inc.
CNB: BREAK THROUGH THOSE 1.65's before eod and tomorrow we fly!
hey Loniee how's the chart looking on BKUNA and CNB? I'm at work now and lost all my toolz.
CNB is gonna fly I think!. 1.36 pre market allready.
same!