Dancin, fool... what else?
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Not a new PR, but still of interest:
http://www.tradingmarkets.com/.site/news/Stock%20News/2429964/
Rats! I put in a last second buy for .028, 29K shares. But then the ask jumped to .029
South Korea is good. North Korea bad!
what do you think of this name:
The BEHL Chuggernaut!
I'm trying! I got my coworker to throw in 30K shares at .026 yesterday right before the CC.
wag,
Sorry, can't post more then 3 times on the BEHL board. I also have an e-trade account with my regular money, but Fidelity is my retirement account and I really like them for that purpose.
I'm doing my best to keep jabbing at the ask. Because I'm on Fidelity, if I want to make a 10K share purchase or more, I have to call it in, every single time as they've told me!
That requires too much work :)
so I've been smacking it with 5-7K purchases left and right for the past week+. The commission adds up, but badically it moves my break-even by transaction from, say, .026 to .03 which is nothing considering where this stock can go!
I'm starting to run a little low on available funds there, but in the meantime I've upped my shares to 1.3M
I use E-trade and Fidelity. They both have their pluses and minuses, but combined they seem to give me what I need.
Put me down for 1.15M... and I plan to add a little more tomorrow and perhaps next week.
If this hits $.10 or gets close to it, I'm probably selling my 400K shares in my regular account (That will fully pay for my bathroom remodel job that we're about to do).
BUT, I have no reason to sell the 700K shares (and counting, I keep adding a little here and there) that I have in my retirement account. I'm only 30 years old, I'm not retiring for a long time :)
I have about 1.1M shares, all bought in the .02-.028 range.
Might add another 100K today on dips.
Watching this stock skyrocket... priceless!
haha, someone just bought 225 shares at bid!
There's definitely a lot of manipulation going on, but it also makes for good buying opportunities.
I bought yesterday numerous times in blocks of 20K to 45K shares, all at ask, between .0207 and .023... glad I did :)
I now have 700K shares in my retirement account that isn't going anywhere for at least a few years most likely.
I also have 400K shares in my E-trade account, and the question is how long I want to stay in the game, seeing as how we have a bunch of expenses coming up and I would need to free up some of that cash.
should be interesting!
ctp,
I can only make 3 posts on the BEHL board. Just wanted to respond to your earlier post about hitting the .025 mark... I've tried twice with 5K share buys, but by the time it went through, the ask dropped back down to like .0226.
It's friggin hard!
I saw that, but like I posted yesterday, I think the hype gave this an opportunity to run a little bit.
I got out at 8 and a half yesterday for like a 15% profit. It was nice to finally get my money back. I didn't want to risk where it might go from there. Turns out it went up some more, then dropped to the 7's. Then today it could have easily gone 15-20% either way.
I don't like to stay in any 1 stock for too long, so getting out with any profit is nice after a few weeks of being bled to death!
I think people are starting to realize where this stock is most likely headed.
The SP says it all.
Assuming they throw an offer on the table, wouldn't you feel even better about this stock if it is rejected?
It could be bought out, but at what price is the question. Therefore, anyone buyout talks should be put aside for a long time until we find out how much this is truly worth.
alright, I have about 7 and a half grand free'd up to play around with. I'm not gonna just throw all of it on this puppy, but will make buys at ASK at various points in the day and next few days.
You can count me in for an EOD push.
bankshot,
Do you know if there are any intangible assets in there?
trust away and good luck.
I do a 68 mile drive to work each day, piece of cake :)
Monk, read this PR:
http://finance.yahoo.com/news/Judge-approves-Republic-plan-apf-2300595721.html?x=0&.v=6
The last line seems to speak volumes. It doesn't say that the old shares will be converted, it's says cancelled.
BMP,
And it's this potential that makes any possibly buyout unrealistic at this point. What's a fair price for this puppy? 2 years should give us a better idea of what that fair price might be. It could be a gamble, but worth the risk I think.
The Six Flags shares that you have (or had), are under the symbol SIXFQ, and they are still in the bankruptcy process. They will most likely be wiped out, it just hasn't happened yet.
Announcing bankruptcy doesn't wipe out the shares, typically it will take at least 6 months until everything is worked out, at which point you can still trade the bankrupt shares. But unless there are assets left over, you'll get zero for them.
Rhino,
I might be mistaken, but I believe that this is still the old company, hence the symbol of frntq. Once the entire bankruptcy process is finalized, then when the new shares are issued (with a new ticker symbol), THEY will be priced accordingly. I can only assume that the same number of OS shares will be available.
GM went bankrupt, thus changed it's symbol. GMGMQ is the symbol for the old shares, the new shares, and thus the new GM, will have a different symbol.
retireat,
that's impossible ;)
oh wow, look at the price, it's down to .075. It may go up, sure, but only because naive people don't catch up on all the details and think they've found a goldmine!
Dig a little deeper, Utmost. I'm not making anything up, just reading ALL the press releases. And my quote was from the one that I posted, word for word.
Why would people expect a company who's stock price is currently trading at like 5 cents to be bought for $3???
retireat40,
Thank you, it's good to see that someone besides myself can actually read.
Is this made up:
http://finance.yahoo.com/news/Judge-approves-Republic-plan-apf-2300595721.html?x=0&.v=6
I found it off the yahoo finance site for Frontier.
Read the very last line:
NEW YORK (AP) -- A bankruptcy judge on Monday approved a plan by Republic Airways Holdings to buy Frontier Airlines for $108.8 million, although other bidders could still come forward.
Denver-based Frontier Airlines Holdings Inc. said it can get out of the Republic purchase if a better offer comes along. Any competing bidders would have to make an initial proposal by Aug. 3, with final proposals due Aug. 10. If other bidders come forward, an auction will take place in bankruptcy court on Aug. 11.
Frontier already sought other investors during the process that resulted in the Republic bid.
Indianapolis-based Republic Airways Holdings Inc. is a regional carrier that currently flies under contract for other airlines. Adding Frontier will put Republic in the business of competing for passengers to fill flights. Frontier has been under intense pressure in Denver from Southwest Airlines Co. and UAL Corp.'s United Airlines, although it has shown an operating profit through May.
Republic has also announced plans to buy Midwest Airlines for $31 million in cash and debt.
Republic shares rose 14 cents, or 2.7 percent, to $5.35a in afternoon trading. Frontier's bankruptcy plan calls for its old shares to be canceled.
I'm not trying to burst anyone's bubble, read the entire PR:
http://finance.yahoo.com/news/Judge-approves-Republic-plan-apf-2300595721.html?x=0&.v=4
NEW shares will be bought for about $3 per share. Old shares, as usually happens in bankruptcy, are cancelled.
I just sold at .085 for a small profit.
you guys are missing one thing:
"Republic shares rose 14 cents, or 2.7 percent, to $5.35a in afternoon trading. Frontier's bankruptcy plan calls for its old shares to be canceled.
"
Today I'm basically strapped. Tomorrow I will have like 7 grand to play around with.
You sail Yachts and drive porsche's... That's cause you're nothing more than the friggin valet!!
I picked up a few, too. And jyst like that the ask is back to .029
They'd be much safer in my hands :)
I'd take good care of those shares, feed them, take them for daily walks, etc.
This is my last post of the day, but just so you know, everytime today you see a buy of 5,555 shares, those are mine.
I'm a team player, damn it!
Whenever I see a smart car on the road, it always reminds me of Spy Hunter for some reason... I suddenly get this need to ram him off the road :)