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Wow, 21M at the ask.
TIMBER!!!!
Darn, they teased me with that article, teased me I say!! heh.
Oh well, thanks anyways.
Morning StockJunky, I have been a good little boy this year. Let's hope Santa thinks so. :) By the way, do you subscribe to Wall Street Journal online? There is an article on Revlon that I wanted to see but they try and get you to subscribe in order to view the entire article. :( Thanks and may we all have a pleasant trading day. :) Here's the link: http://online.wsj.com/article/SB119734443907320533.html?mod=crnews
Yep, and 2 days trading above 100/50. Accumulation rising, MACD crossed Zero, RSI balanced, another bullish continuation candle formed, closed above top keltner band, volume increased. We are doing good my friend. :) I am wondering when we pause/retrace.
Naw, that filing just states that there is an increase in the amount of shares to Award employees in the company's stock benefit plan. I guess some employees are happy about this. Not a monumental filing, but dare I say that Revlon cares deeply about the well-being of it's employees. LOL. :)
Ok, found something interesting. The amount that Perelman purchased was the exact amount that HOWARD GITTIS beneficially owned as of 3/15/2007 which was his last insider trade of shares before his death. I guess when you die you dont have to file with the SEC to sell your shares? Anyone can commment on this? It appears that Perelman purchased Gittis' shares.
Guess we know why the price increase. According to the filing, 3. Date of Earliest Transaction (Month/Day/Year)
12/05/2007. Hmmmm, exact day of when the price started increasing. :)
Ron Perelman just purchased 1,897,247 shares @ $1.08 according to a new SEC filing. You think he will buy some more? Weeeeeeeeeeeeeeeee!
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000887921&owner=include&count=40
Today's candlestick formation suggests a bullish continuation. Let's hope. Have a good weekend everyone. :)
I know realest. :( I wonder if Tina is still waiting for those .99 shares?
Intraday/monthly breakout for sure. Loan/affirmed positive credit ratings/Perelman's new IPO all good news. Charts looking great. MACD breaching ZERO line. Accumulation approaching positive. Trading above 50/100 and now 200, as you mentioned. RSI in the zone. We are officially in the beginning of an uptrend. How long it will last, who knows?
np rheddle. :)
Closing above 1.13 would be so so nice. Lots of positive Technical Analysis reversals/cues. This will make Chartists excited. I might actually shat myself. heheh.
rheddle, all you have to do is request the amendment from the State either by fax or by Postal Mail. I requested them and it took less than 3 days to arrive.
chug chug!! hehehhe. Good afternoon realest. :)
Here we go again testing 1.13. We gonna need alot of firepower to break this level. Wish we could get past this so we are trading above the 100/50 SMA's. MACD will break 0 and we will have a nice uptrend. :)
MACD is sexy. Let's hope it attracts some players. :)
Looks like a typical trading day today. Intraday Resistance at 1.13, next is 1.19 if we break this. Our first support level is 1.05, but I dont think we are going to test this today.
I dont know, but I consider the loan news and 2 credit outlook upgrades encouraging. Here's the other credit outlook: "Moody's affirms Revlon's Caa1 corporate family rating, revises outlook to positive". :)
Also, I dont know how many of you put faith in Nasdaq's risk metrics tools, but Revlon is only rated 180 on the risk meter which is on the very low side of Average risk(100-700). Here is a breakdown of Revlon Vs. it's competitors with respect to RiskGrades:
Revlon - 180
Proctor & Gamble - 77
Colgate-Palmolive Company - 77
Avon Products, Inc. - 135
Estee Lauder Companies, Inc. - 160
Church & Dwight Company, Inc. - 139
Bare Escentuals, Inc. - 287
Elizabeth Arden, Inc. - 239
Ecolab Inc. - 131
Alberto-Culver Company - 116
A little NEWS to help us get through todays trading blues. Fresh off the press. Enjoy. :) http://biz.yahoo.com/ap/071204/revlon_ratings.html?.v=1
Here is the definition of the change in Outlook:
“Developing” is used for those unusual situations in which
future events are so unclear that the rating
potentially may be raised or lowered.
I wonder if his divorce from Ellen is sort of a symbolic divorce from his beloved Revlon? I bet he'd rather divorce Ellen though.
This is trading similar to yesterday. Intraday support 1.06/1.03, bounce to resistance, close at support.
Yeah, but look at the source of the loan. LOL. That's like asking yer parents for some cash. :)
Good luck to both of you. I hope one of you is correct. :)
Good thing I can edit this. LOL
hehe. I am more interested in this $1.13. I hope we finish strong again. :)
realest, my point is that Revlon has raised funds just like every other big company has, including GOOGLE. They file a REGDEX with the SEC and they sell shares. If they are a transparent company, like most NYSE companies are, they PR how much they intend to raise and they PR when they completed the raising of said funds. Revlon happens to be fund-raising to pay off it's debt and Ron's holding company seems to be paying alot of it. This is good.
OMG, I gonna have a coronary!!!
Thanks, This is in response to one of your earlier posts. I have not really looked too deeply into the matter. With respect to the $110M and $100M offerings, MacAndrews & Forbes Holdings Inc. is helping out with alot of the financing. Also, if these are under RULE 506, the accredited investors buy restricted shares, so , at least their shares cannot be sold for at least a year without registering them with the SEC. With repsect to the current REGDEX filing, did we get a PR explaining the new venture? Am I following this right?
Incidently , what did you think about the last couple of trading days? You see that 55,000 buy near the end of the day on Friday? Take care, and here's to a good day of trading tommorow. :)
realest, wow, thanks, I am honored. :) I wont be able to post that much because I have a free account.
BTW it's Happy hour, we can post as we want. WEEEEEEE!
Sellar day for us. :) We broke the resistance level. Let's hope this continues. The next important events, at least for TA, is that the MACD breaks the Zero line and/or we close above the 50 or 100 day SMA.
we could easily fall back to 1.08
I would be happy if we could hold 1.11 at the end of the day. So far, the last 5 mins has more of an impact than the rest of the day's trading has. Maybe today will be different? Let's see how
the bid support looks at 5 min till. :)
Oh baby, print them 1.12. :)
It looks as if we may hit 1.12 soon. We have a mountain of shares to get through at 1.11. We are almost there. I only hope we can hold at the end of the day.
No. Those shares were NOT sold on the open market as indicated by the footnotes. Here's a quote from one of the Form 4's. "These 2,535 shares are not sold on the open market and become Revlon, Inc. treasury shares." All the recent Form 4's were of this type. The type whose shares were NOT sold on the open market that is. :)