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ABWTQ- I saw the volume go backwards as well but then a few blocks took it back up. I have no explanation and have never seen it before. This one has acted like none I've played before since day 1.
The 2028 bond has nearly doubled since yesterday but that still leaves it at 16.5. Others showing notable increases are in bold, with a couple of the Bowater bonds reflecting very minor decreases.
Watchlist Bond Symbol Issuer Name Coupon Maturity Callable Moody's S&P Fitch Price Yield
BOW.GB BOWATER INCORPORATED 9.00 08/01/2009 No NR CCC+ C 24.500 -
ABY.GB ABITIBI CONSOLIDATED INCORPORATED 7.88 08/01/2009 Yes NR CCC+ C 13.455 -
BOW.GK BOWATER INCORPORATED 4.32 03/15/2010 Yes NR CCC+ C 19.625 -
ABY.GH ABITIBI CONSOLIDATED INCORPORATED 8.55 08/01/2010 Yes NR CCC+ C 15.500 -
ABY.GN ABITIBI CONSOLIDATED COMPANY OF CANADA 7.75 06/15/2011 Yes NR CCC+ C 18.500 -
ABY.GO ABITIBI CONSOLIDATED COMPANY OF CANADA 4.82 06/15/2011 Yes NR CCC+ C 16.500 -
BOW.GA BOWATER CANADA FINANCE CORPORATION 7.95 11/15/2011 Yes NR CCC+ C 28.000 -
BOW.GD BOWATER INCORPORATED 9.50 10/15/2012 No NR CCC+ C 22.000 -
BOW.GJ BOWATER INCORPORATED 6.50 06/15/2013 Yes NR CCC+ C 24.125 -
ABY.GK ABITIBI CONSOLIDATED COMPANY OF CANADA 6.00 06/20/2013 Yes NR CCC+ C 17.135 -
ABY.GP ABITIBI CONSOLIDATED COMPANY OF CANADA 8.38 04/01/2015 Yes NR CCC+ C 15.000 -
ABY.GD ABITIBI CONSOLIDATED INCORPORATED 7.40 04/01/2018 No NR CCC+ C 18.000 -
BOW.GC BOWATER INCORPORATED 9.38 12/15/2021 No NR CCC+ C 24.250 -
ABY.GE ABITIBI CONSOLIDATED INCORPORATED 7.50 04/01/2028 No NR CCC+ C 16.500 -
ABY.GF ABITIBI CONSOLIDATED INCORPORATED 8.50 08/01/2029 Yes NR CCC+ C 18.000 -
ABY.GI ABITIBI CONSOLIDATED INCORPORATED 8.85 08/01/2030 Yes NR CCC+ C 18.500 -
http://cxa.marketwatch.com/finra/BondCenter/QuickScreener.aspx?ShowResult=true&BondType=Corporate&Symbol=abwtq&YieldMin=&YieldMax=&CouponMin=&CouponMax=&MaturityMin=&MaturityMax=
test
Nice chart.
The divergences with the various accumulation indicators is a major reason I've been buying since June but I never thought it would take this long.
Manipulation at its finest.
What a joke. Fill me for 100 at .135 and take it down to .133.
Yes, and the SEC is already concerned with how much speculating is occurring with Q stocks. Approval of an equity committee at this juncture would send this one through the roof and likely have a ripple effect on other Q's.
All in good time.
Palm had some large insider buys very recently
Does anyone know of a broker that allows option trading in an IRA? TIA.
estimator, I think it was your chart with a simple trend line acting as a support that has summed it up for this one. Would you mind posting again?
OPGX= huge potential for a mega run but hugely frustrating if you watch every day in anticipation. Buy a few million while in the trips and forget about it. Look elsewhere for your daily action & one day you'll be pleasantly surprised by your sleeper.
Brikk-
I was in the commons last week for a flip not even knowing these preferred shares were trading under a dime until reading a post of yours. I dumped my commons and picked up the preferreds and am looking good. Props to you.
No problems in my IRA through TDA
Very good calls lately Matt.
Didn't get filled on my .97 bid
Edit: Now filled
Completely orchestrated
News:
Chemtura Announces Price Increase: Adiprene(R) and Vibrathane(R)Last update: 9/18/2009 11:17:00 AMMIDDLEBURY, Conn., Sep 18, 2009 (BUSINESS WIRE) -- Chemtura Corporation (Pink Sheets: CEMJQ) announces that prices for Adiprene(R) and Vibrathane(R) products will increase in the Americas and Asia by up to 10 percent effective Oct. 15, 2009, or as contracts allow. Price increases will vary by region and product chemistry. This price increase is necessary to offset escalation of raw material, packaging and energy costs and to remain competitive on a long-term basis. Please visit . SOURCE: Chemtura Corporation
Chemtura Corporation Urethanes Vimal Sharma, +1 203-573-2322Copyright Business Wire 2009
Had a nice chunk of FTWR at .10. It's the one that taught me the lesson of letting some freebies ride. Good luck with it.
Keep a close eye on FTWR as I've seen it do nasty things in the final hours on triple/quad witching days in the past.
Anyone watching CEMJQ and AVRNQ more recently understands the importance of this bond action. Our time is getting close.
9/16 as a good day may have more to do with the MOR expected today than anything else but hope you have a good birthday nonetheless.
SCII stem cell monster! Back from the depths of the graveyard portion of my portfolio and up over 1000% in a week.
Trading float is much less than 40 million unless Fairfax & Steelhead have violated the trading injunction for 5%+ holders. I'd be surprised if the float wasn't nearly locked up by Fairfax, Steelhead, and ihubbers. Catalysts should be coming...
Obama to Make A "Major Address on the Financial Crisis" On Monday
This news has appeared on the Agence France-Presse (hat tip Michel Proulx) and I have translated this into English for now.
One has to wonder if the great Speech Organizer will actually say anything that is worthy of the adjective, "major."
Someone has possibly told him that if he makes speeches often, it will reassure the people of his country, in the manner of Franklin Roosevelt's "fireside chats" from the 1930's.
This sort of remedy wears thin quickly if one has nothing of substance or new to say. Roosevelt had a great flair for oratory, but first and foremost he was a man of substance and of action, like him or not. He was an experienced governor, and knew how to lead by action and example, as well as by words.
It also appears that he wishes to 'send a message' to the G20 about their upcoming meeting at the end of September. He is setting the tone, as he most recently did before the Congress with regard to his health care reforms.
President Obama may seem to many to be a man only of words, of rhetoric, treading lightly on the status quo especially when dealing with the corporate funders of his political party, the banks and the health corporations. This is a great obstacle to his Presidency.
He has perhaps another six months to change this perception, or deliver his Party to a serious setback in the 2010 mid-term elections.
In the meanwhile, gold and silver appear to be an attractive hedge against incompetence.
http://jessescrossroadscafe.blogspot.com/
If they're short from $20 and still haven't covered, there's a personal element more than just financial
I'm surprised as well, considering the .20's we saw a short time ago. All in good time.
Good call. Could be a parabolic move if something happens to expedite their plans.
Yes, a precarious position they're in...considering there aren't even 3.2 million shares likely to be for sale until 2x or 3x where we are now.
September Short Info
Record Date 2009-SepA
Abitibibowater Inc $ 0.16
Short Interest (Shares Short) 3,235,900
Days To Cover (Short Interest Ratio) 6.0
Short Interest - Prior 3,289,600
Short % Increase / Decrease -1.63 %
Total Shares Outstanding 54,698,206
Market Cap. $ 8,751,713
Thanks for the quick reply and for providing more info than requested. Perhaps your post should be stickied as I'm sure a lot of new eyes will be looking at PM plays.
I don't typically post but have had some shares tucked away for a while. Are we still producing at around $10/oz?
The string of 25oo share lots usually precedes a bigger block
I don't expect a CEMJQ type move but you never know. I'll be thrilled with a close near .20 on > 1 million shares. Slow and steady...
Should be a fun Tuesday with this news!
Hydro assets will fetch hundreds of millions & we know one is all but a done deal in the range of $500+ million. Throw in a $300 million judgment/settlement and the .20's will be a distant memory. This next few months should be quite a ride.
Steelhead sold some early in Q2 prior to the trading injunction being issued to 5%+ holders. I don't believe they've sold any since late Apr/early May.
Shorty getting anxious?
News from my Streamer:
AbitibiBowater Completes Sale of Select Timberland Assets in QuebecLast update: 9/2/2009 11:33:00 AMMONTREAL, Sept 02, 2009 /PRNewswire-FirstCall via COMTEX/ -- AbitibiBowater announced today that it has completed the sale of approximately 121,000 hectares (300,000 acres) of private timberlands in Quebec, Canada, for C$53 million in cash. AbitibiBowater plans to use the proceeds from this sale for general corporate purposes. Timberlands located in the Mauricie, Charlevoix and Saguenay regions were sold to two newly formed limited partnerships held by Societe de gestion d'actifs forestiers Solifor, s.e.c. Timberlands located in the Cote-Nord region were sold to Amenagements forestiers Portneuf (3908666 Canada Inc.). AbitibiBowater produces a wide range of newsprint, commercial printing papers, market pulp and wood products. It is the eighth largest publicly traded pulp and paper manufacturer in the world. AbitibiBowater owns or operates 23 pulp and paper facilities and 29 wood products facilities located in the United States, Canada, the United Kingdom and South Korea. Marketing its products in more than 90 countries, the Company is also among the world's largest recyclers of old newspapers and magazines, and has third-party certified 100% of its managed woodlands to sustainable forest management standards. AbitibiBowater's shares trade over-the-counter on the Pink Sheets and on the OTC Bulletin Board under the stock symbol ABWTQ. SOURCE ABITIBIBOWATER INC. - ENGLISH
01 September 2009
Rumour du Jour - a Large US Bank Is In Trouble
As they say on the financial infomercial channels, "US equities appear to be out of favor today."
There are rumours swirling the trading desks that a large US bank is in trouble, and will need some help getting itself re-organized.
The name Wells Fargo has been mentioned, and there is an associated six percent drop in the stock, with a groundswell of put option activity. It does seem like a 'setup' to us. There are also rumours that Cerberus is in trouble (and there is plenty of smoke on that one.)
There is a contrary view that this is a 'setup' to suck in the shorts and help to trigger a massive rally when the Jobs numbers are reported on Friday.
There is a flight to safety into the dollar and treasuries, but interestingly enough also gold and silver, as 'investors' exit US stocks.
So far we are holding a key support level around 995 on the SP futures, and we tend to discount most rumours that make it to bubblevision rather heavily. If there is any real news it should come out in the evening.
Let's see what happens. We're hedged to the short side which is where we have been coming into the day, anticipating a pullback to key support. We're there now.
There was 'good news' today, and the market ignored it and went sharply lower. That may be significant but it is too soon to tell for sure. A breakdown in equities from here would be more significant to our minds.
In sum, this is a highly manipulated market, full of speculation and hot money. The Obama Administration is failing badly to reform the US financial system, and so here we are, trading on hot money and rumours.
http://jessescrossroadscafe.blogspot.com/
lol...I thought the same thing about their name when I first started buying a few months ago. Subaye is a much better name.
Thanks for all the great info Dav1234.
Good to see that bonds are increasing since I last checked 8/20 but they are just getting started, IMO. While still a small move, a continued increase will tell us that bigger money is betting on asset sales or favorable rulings sooner rather than later. CEMJQ bonds have led the share price the entire run and multiple divisions are attracting interest, just as an example of the importance.
I also recall reading that early Sept is the timeframe to expect the illegal expropriation settlement, provided it occurs. This could be one factor contributing to bond movement.
For the sake of rulings, I think we are near a turning point. Initially, it was advantageous for ABWTQ to appear weak but progress must be seen at some point to lend credibility to their proposed POR.
It should be an interesting ride until the submission of the debtor POR in mid December, quite possibly getting even more exciting after that.