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PLTG also dropped hard the day after X-MAS and hit a low spot, then surged over 50% the following day. Now a day after Easter the price falling hard. Hmmm.
Nice three day gain. Probably going to be some profit taking before Easter. Normally stocks go down when they announce dilution financing. Guess I sold out early and missed the boat on this one. Anyway I made a ton of cash with BSC this week.
SGGC update please. I'll second that motion.
Oil under $100. Also some news about a oil fire in Tennessee.
http://www.allheadlinenews.com/articles/7010380874
I kind of doubt it will go that low either. I'm thinking 0.05 to 0.07 range before a bounce.
Looks like someone sold a million shares and the MM pocked $400.
I have bids above 0.0001.
Fed rate cut today. Dow coming off double bottom type low. Up 300 points prior to the news at 2:15. If the rate is a full point then buy DDM under 70 today or tomorrow if you can. Target high for DOW is 13200. Target high for DDM is 85.
If the rate cut is less than a full point then buy DXD as immediately.
Trying to buy more in the teens.
At $4 I said it could easily go up 100% in two days. So far after one day 55%.
BSC may see a new 52 hour high tomorrow.
Weekly chart looks like 0.03 could be tested.
Flipped this stock all day yesterady. Tried to sell off my last 7k at the close yesterday but the price kept dropping in the last 10 min. Sold at the open for a hugh gain. Got lucky.
I dropped all my bids and flipped BSC all day. Left a load overnight and I was pretty nervous. But got lucky with the open.
Short term (week)JPM will get a 10% boost with the fed rate cut.
My guess is that JPM will drop to $25 before this recession is over.
Employee will not vote for this deal.
Late yesterday, some Bear Stearns employees and shareholders were grumbling about the deal. If the feeling is widespread it could emerge as a potential obstacle to the completion of the deal because Bear Stearns employees own about a third of the company's shares.
"I've got to think we can get more in a liquidation, I'm not selling my shares, this price is dramatically less than the book value Alan Schwartz told us the company is worth," said a midlevel Bear Stearns executive. "The building is worth $8 a share."
Late shorts will cash out tommorrow.
Also I copied this.
"It's probably safe to assume that with a book value of $80 a share and the building valued at $8 a share, there are going to be some shareholders who are upset and angry at a $2-a-share deal," said Scott A. Fenn, managing director of policy for proxy advisory firm Proxy Governance. "On the other hand, it's not clear there are many alternatives."
One alternative is that another bidder emerges, which is what Fox-Pitt Kelton analyst David Trone predicted in a note Monday, saying the "the market is pricing in a distinct possibility of a higher bidder emerging at some point." JPMorgan could also raise its offer.
Joe Lewis multi billionaire owns 10% of BSC could easily buy controlling interest in this stock at this price. Strongly doubt he will vote in favor of this take over.
Will it surge to the high of the day in the last 10 minutes?
No doubt. BSC could easily go up 100% from here in 2 days.
The HQ building worth $12 a share.
I had an open bid at 0.085 today but got skip. How much was sold at 0.08?
I guess 10 to 12 cents may have been too high. One year low is 9 cents and the two year low is 4 cents.
Lots of shells on reverse islands?
Wait until we get a positive day that closes above the 5 day moving average.
Shaping up like a bear flag. Could easily drop under a dime.
Okay higher in 6 months. But PLTG hits a low every 20 weeks, so another 8 weeks of going lower would be the trend. If 13 cents doesn't hold it will drop another 50%.
What do they say? MMDA primed to hit year lows.
Sometime there is a play off the 50 cent mark, but I usually look for 50% drop from the last stable high which was 75 cents.
So the target low would be 37 cents, which is only 7 cent away from the all time low. Best to stay away from falling knives.
Heading back to 30 cents the all time low.
Unlucky day. 13 cents on the 13th.
Don't you just love those partial fills for $17 worth of shares. I changed over to AON for most of my bids.
For about 100 dollars the MM can make SGGC look like a huge selloff. They are trying to scare you into selling. I have open bids above 0.0015 which are getting ignored. Any trade under 100k is pure manipulation.
Bid 0.0015 and Ask 0.0025 is what I see at the moment.
>0.25 ===> :(
>0.15 ===> :(
>0.05 ===> ;o
Looks bad. Just fell through final support.
31000 shares today or about 60 bucks.
More good new out today. Good volume without a loss.
Price will start to move up again.
Buy dog buy.