"Stepped back, took a look, saw a pimple on an elephants arse....just saying."
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Just heard a friend of mine around the corner has swine flu - confirmed. Darn FDA get CVM to move their arse and get a cure asap.
I thought the market was open and only certain mutual funds will not be trading and Canadian markets closed??
Judge delays decision in Luna bankruptcy case
http://www.roanoke.com/business/wb/221854
Judge delays decision in Luna bankruptcy case
By Laurence Hammack | The Roanoke Times
Related
Previous coverage
Tentative settlement reached in Luna Innovations case
Luna tellscourt it's on brink of failure
Luna posts net loss for second quarter
Bankruptcy has cost Luna contracts, employees, official testifies
Luna Innovations files for Chapter 11
Luna challenges $36.3 million verdict
Luna at risk of being removed from Nasdaq
Verdict guts 1st quarter for Luna
Suit winner files to keep Luna Innovations Inc. from moving assets
Luna stock down but not out after verdict
Luna Innovations hit with $36.3 million jury verdict
A final settlement of a $36.3 million verdict against Roanoke-based Luna Innovations Inc. is at least three weeks away.
Two weeks after reaching what they called the framework of a settlement, attorneys wrote in a letter Thursday to bankruptcy Judge William Stone that they need until Oct. 29 to close the deal.
Luna filed for bankruptcy after a California jury ordered it to pay $36.3 million to Hansen Medical Inc.
Hansen had accused Luna of stealing its trade secrets as the two companies explored the possibility of working together to develop a catheter for high-tech surgeries.
By filing for bankruptcy, Luna created the opportunity for Stone to determine how much it should have to pay Hansen. But over the past three weeks, attorneys on both sides of the case have asked Stone several times to delay his decision while they work out the details of the settlement.
Thursday had been the most recent deadline until Stone agreed to an extension to Oct. 29.
While terms of the tentative agreement are not public, Luna officials have said the amount is one that would allow the company to emerge from bankruptcy and pay all of its creditors in full.
http://www.thestreet.com/story/10609140/1/luna-innovations-pump-up-the-volume.html
Luna Innovations: Pump Up the Volume
By Robert Holmes 10/08/09 - 03:24 PM EDT Leave a Comment
Stock quotes in this article: LUNA , HNSN
ROANOKE, Va. (TheStreet) -- Luna Innovations (LUNA Quote) shares jumped higher at midday Thursday on a surge in volume after the company received a grant for electrochemical capacitors.
More on LUNALuna Innovations: Pump Up The Volume
Market ActivityHansen Medical Incorporated| HNSN
DOWN
Luna Innovations Incorporated| LUNA
UP
Luna Innovations was lately up 34 cents, or 17.8%, to $2.25 on volume that topped 1.1 million shares. The stock has a three-month average daily volume of 452,000, according to Yahoo! Finance.
The spike in share price and volume came after reports that the Department of Energy listed Luna as receiving a grant for a project that will develop high energy and high power capacitors suitable for use in hybrid electric vehicles.
A telephone call to Karin Clark, director of marketing and communications for Luna Innovations, was not immediately returned.
Luna Innovations has a 7.7 million-share float with about 2,000 shares short as of Sept. 10, according to Yahoo! Finance. More than 44% of the company's shares are held by insiders with another 4.9% owned by institutions.
Luna Innovations shares have seen above-average volume over the last 10 trading sessions, sparked by a report in The Roanoke Times that Luna and Hansen Medical (HNSN Quote) "have developed a framework for settlement" that would reduce a $36.3 million jury verdict against Luna to a more manageable sum, according to a letter written to bankruptcy court Judge William Stone from attorneys on both sides of the case.
In 2006, Luna was set to apply its nanotechnology instruments to assist Hansen in developing catheters used for heart surgery, but the deal fell apart after Hansen accused Luna of sharing trade secrets with another company. A jury eventually ruled against Luna, and the company filed for Chapter 11 bankruptcy protection in July.
Read more about today's high-volume stocks like Euro Tech Holdings in earlier "Pump Up the Volume" posts.
-- Written by Robert Holmes in New York.
I hope they were not softening us up for a bad settlement amount. Maybe some more good news today.
Yes baby! Ha Ha I was off by one hour and the wrong news but still got the pop!
If the settlement is any good this thing could do a major pop tomorrow, 12 noon is the supposed time. One month chart looks good.
http://www.allbusiness.com/legal/trial-procedure-jury-trial/13040484-1.html
Well I guess Adam F. is getting his arse handed to him on CVM. Now what worries me is that the stocks he trashes go up and the ones he likes, like GETA go down, just a thought.
I guess loading up at 1.34 turned out just great, it took some nerves of steel though!
"FEAR and GREED, working together oh so diligently to make money for the ones who have the balls or ovaries to take it!"
Got filled @ .67 added to position.
Got a Lot @ .84
Yes, what was that .64 trade all about? Most trades were in the .68 range in the PM.
Naked short selling, or naked shorting, is the practice of selling a financial instrument short without first borrowing the security or ensuring that the security can be borrowed as is done in a conventional short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "fail to deliver". The transaction generally remains open until the shares are acquired by the seller or the seller's broker, allowing the trade to be settled.[1] Naked short selling can be used to manipulate the price of securities by driving their price down, and its use in this way is illegal.[2] However, the practice is considered benign under certain circumstances, such as trading by market makers.[3]
In the United States, naked short selling is covered by various SEC regulations which prohibit the practice.[4] In 2005, "Regulation SHO" was enacted, requiring that broker-dealers have grounds to believe that shares will be available for a given stock transaction, and requiring that delivery take place within a limited time period.[3][5] As part of its response to the crisis in the North American markets in 2008, the SEC issued a temporary order restricting short-selling in the shares of 19 financial firms deemed systemically important, by reinforcing the penalties for failing to deliver the shares in time.[6] Effective September 18, 2008, amid claims that aggressive short selling had played a role in the failure of financial giant Lehman Brothers, the SEC extended and expanded the rules to remove exceptions and to cover all companies.[7][8]
Some commentators have contended that despite regulations, naked shorting is widespread and that the SEC regulations are poorly enforced. Its critics have contended that the practice is susceptible to abuse, can be damaging to targeted companies struggling to raise capital, and has led to numerous bankruptcies.[4][7][9] However, other commentators have said that the naked shorting issue is a "devil theory",[10] not a bona fide market issue and a waste of regulatory resources.[11]
FEAR and GREED, working together oh so diligently to make money for the ones who have the balls or ovaries to take it!
What did the deleted message say?
loaded up @1.34, call me crazy!
For the short term who really cares about the bashers and the praisers, it makes it interesting and it creates an opportunity to make $$$ if you are a trader. I must say though it seems Adam has a vendetta. I will add to my long position on any severe drop in the price.
Adding in the 50's too.
What are the next steps?
On September 24, Luna Innovations and Hansen Medical developed a settlement term sheet to move
forward to resolve the ongoing dispute which is the basis of the Chapter 11 filing. These settlement terms
will now need to be incorporated into a definitive settlement agreement prior to noon on Thursday,
October 8 (EDT).
Judging by the close correlation between the trading of NPHC and XCHO (especially on Friday), most seem to think that the success of cobroxin will make or break this one.
Great post mate, everyone needs to know that there is a time to go long and if you are a trader a time to go short. The market moves both ways, that is just the way it is. One needs to stay just a short step ahead of the bashers and the praisers, i.e., sell when everyone is buying and buy when everyone is selling.
I have a long term position in this stock but will continue to trade it no matter which way it goes.
And on a side note cannot wait to get hold of some of the product being a long term sufferer of chronic pain.
Later
Yesterday sure did look like some short manipulation. Many investors stop losses were taken out only to bounce back to the seventies in a matter of minutes must be infuriating. For those who held on and added (I got in mid forties) a flush like this imo is a good for this stock to move up in the short term.
I truly hope that the ride on GETA is not going to be as wild as the one I just had on NPHC, do not think my ticker would hold out!!
That was wild, been watching for a while. In at .46.
A little note on that Adam F guy. http://biomedreports.com/articles/most-popular/11704-opinion-qadam-whoq.html
I hope this guy A Feursten gets to swallow his negative words in that video soon.
Right at the end of the day, spike to 1.36 someone wanted in with three 90k blocks.
Adam F spoke smack about one of my other stocks on that video, CVM, did not have much effect on it though. GETA and CVM trading very similar, both just waiting for news.
GETA is a trading, scalping, swinging money making machine! End of story.
I think the comments by this guy in this video could have been the cause of the drop today. He made a fairly negative comment in the middle of the video. IMO
BOSTON (TheStreet) - Adam Feuerstein, senior biotech reporter, talks swine flu, small cap stock, healthcare reform, speculative stocks and Dendreon. Watch this video to see Adam's top biotech stock picks. http://www.thestreet.com/_yahoo/video/10604799/top-biotech-stock-picks.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#42654996001
Makes for great trading...
Nice big blocks coming in now........this is wonderful.
Added to my position @1.63 and 1.64, and will keep adding on any dip.......
This idiot will take 9% scalps every day if he could..........just took one
This is the part I like most. "Multiple reports have company staff and vendors "being stretched to the limits twenty four hours a day" as they rush to continue their work on the Swine Flu treatment's new human trials- recently fast tracked by the FDA."
And that news on DSCO was just a positive meeting, nothing much else. Wonder what GETA will do in a similar situation? Did an afterhour/pre-market trade on DSCO, posted on their board.
True mate, so true! Will be interesting to see what it does on the open. News just out on Reuters too.
Did something I hardly every do, Bought 5000@ 1.13 after market. Sold 4000 pre market @ 1.61. Whew, was chitting bricks all night long!
Transactions Details
Trade Date: 09/29/2009
Settle Date: 10/02/2009
Security #: 1743599
Cusip #: 25466*****
Action: Buy
Quantity: 5000.0000
Price: $1.130000
Principal: -$5,650.00