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SDC: Nice day and light volume.
DXYN needs some volume, but $2.00 does seem possible.
And with AXU it was $2.80 7 weeks ago, and from mid-July a head and shoulders pattern has developed, but I guess $2.10 to $2.25 is also still possible.
Yeah let's do it guys.
SDC: it's 10 day high was $11.66 - I just got home from entertaining and I saw DXYN did go back to $1.70. And up a penny currently from the close. So almost back to what I thought, as I said it may go back to $1.60.
It's a recent IPO. I don't trust them, as not enough history for me. But yeah let's check out the chatter.
And AQST is a head and shoulders 10 day pattern. I checked it out.
Maybe?
I agree.
Yeah and I guess it really doesn't matter anyway.
Good morning AF. Ok then, I guess I was wrong, but we can find out for sure.
AF anything can happen as we know, but this has gone up like 75% in 10 days and there is usually some kind of retracement, and therefore another buying opportunity, but yeah breaking $1.85 could continue the run up, but I don't see that and I don't see a lot of volume to support that either, again IMO. Good luck, and good nite.
I am new to getting back in as you know, so I may be rusty or crazy?
LOL
There was a previous post I think by Stock1ace1 that said: "DXYN $1.75s looks like co buying shares these large lots getting bought out !
So IMO I doubted that, plus after I said that an article came out that again IMO supported my feelings that there was no buying TODAY due to the planned buyback program by the company as of yet.
Why maybe NOT DYXN buying today?: "As previously disclosed, completion of the sale was a condition to the implementation of the Company's stock repurchase program, pursuant to which the Company is authorized to purchase up to $5.9 million of its shares between completion of the sale and March 2020."
(complete article)
The Dixie Group Reports the Completion of the Sale of its Susan Street Facility and Initiation of its Stock Buyback Program
4:30 pm ET October 22, 2019
The Dixie Group, Inc. (NASDAQ: DXYN) reported the sale of its Susan Street facility, and approximately 10 acres of surrounding property located in Santa Ana, California to the CenterPoint Properties Trust for a net purchase price of approximately $37.2 million. The sale will result in reducing debt under the Company's Revolving Credit Facility by over 35% and increasing equity by over 50%. As previously disclosed, completion of the sale was a condition to the implementation of the Company's stock repurchase program, pursuant to which the Company is authorized to purchase up to $5.9 million of its shares between completion of the sale and March 2020.
On October 22, 2019, TDG Operations, LLC, a Georgia limited liability company and a wholly-owned subsidiary of The Dixie Group, Inc., completed the sale of its Susan Street facility located in Santa Ana, California for a net purchase price of $37.2 million. Concurrent with the sale of the Property, The Dixie Group and the CenterPoint entered into a ten-year lease agreement, whereby Dixie Group will lease back the property at an annual rental rate of $2.1 million, subject to annual rent increases of 2.0%. Under the lease, The Dixie Group has two (2) consecutive options to extend the term of the Lease by five (5) years for each such option.
As finally negotiated by the parties, and under the terms of the sale agreement and the Susan Street Lease Agreement, certain anticipated costs, including, among others, the full cost of roof repair, repaving of the facility's parking lot, replacement of HVAC equipment and repair of the facility's interior upon termination of the lease, are to be borne by the purchaser, instead of by the tenant, and, in exchange, the purchase price was set at the level described above, and the annual rental and escalator were adjusted to the levels described herein.
Simultaneously with the sale, the registrant paid down its credit facility by approximately $36.3 million. Prior to completing the Purchase and Sale Agreement, Dixie Group entered into that certain Consent and Thirteenth Amendment to Credit Agreement dated October 22, 2019, pursuant to which the Company's lender consented to the sale of the Santa Ana Property. This amendment also adjusted the size of the credit facility to $120 million as well as other terms relative to the sale of the Santa Ana property.
The Company expects to incur an after-tax gain of approximately $25 million. As of the date hereof, net accessible availability under the Company's Revolving Credit Facility is approximately $22.0 million, leaving an outstanding debt balance of $57.2 million under that Credit Facility.
As previously disclosed The Dixie Group entered into a 10b5-1 Plan to facilitate repurchase of up to $5.9 million of its common shares contingent upon the now completed sale of the Santa Ana Susan Street facility and continuing until March 2020. Any purchases made under the Plan will be structured to come within Rule 10b-18 and will be managed by Raymond James & Associates.
The Dixie Group (www.thedixiegroup.com) is a leading marketer and manufacturer of carpet and rugs to higher end residential and commercial customers through the Fabrica International, Masland Carpets, Dixie Home, Atlas | Masland Contract and Dixie International brands.
Statements in this news release, which relate to the future, are subject to risk factors and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements. Such factors include the possibility that negotiations will not be successful, that contract terms will not be as expected, and that levels of demand for the products produced by the Company will change. Other factors that could affect the Company's results include, but are not limited to, raw material and transportation costs related to petroleum prices, the cost and availability of capital, and general economic and competitive conditions related to the Company's business. Issues related to the availability and price of energy may adversely affect the Company's operations. Additional information regarding these and other risk factors and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.
Yeah baby.
I may short it at $307 or so?
DXYN: 3 of the 4 indicators (slosto, macd, adx) are turning down right at the end and the PSAR (not shown) also reversed the last 15 minutes, so that all for me indicates maybe a pullback to $1.60 tomorrow at least before the next leg up?
But what do I know and what do the charts know?
It is like the presidential polls probably.LOL
Maybe you could buy more around $1.60 if we get the usual pullback before the next run?
If so, good luck? But you are looking good either way.
3 of the 4 indicators (slosto, macd, adx) are turning down right at the end and the PSAR (not shown) also reversed the last 15 minutes, so that all for me indicates maybe a pullback to $1.60 tomorrow at least before the next leg up?
But what do I know and what do the charts know?
It is like the presidential polls probably.LOL
Could be?
DXYN Maybe take quick 20% ($1.85)and buy back at $1.60? It should pull back to $1.50-$1.60 IMO (PSAR reversed last 15 minutes) and then get ready for the next leg up.
DXYN $1.50 - $1.60 support? Then next run up?
Who knows, but I nice 75% run up in the last 10 days is not bad. Even with a little profit taking and the usual pullback, still up 50% and then time to reload.
Not enough shares IMO? $1.50 - $1.60 support? Then next run up?
Who knows, but I nice 75% run up in the last 10 days is not bad. Even with a little profit taking and the usual pullback, still up 50% and then time to reload.
$1.50 may be support?
Dead cat bounce?
ok thanks
CETX new government order
Needs to get to .90 I would think for a breakout?
Will do.
23rd arrive, return 26th at Luxor.
That is awesome that you were an honored Vet at Dodger Stadium last year. I love when the Yanks do that in 7th inning. Thanks for your service to America my friend.
Yes Yanks and Dodgers would have been awesome, but not this year.
And yes Raiders in Vegas next year too.
I am going to Vegas in a little over a month from now, the weekend before Thanksgiving.
And yes I hope to be back on this board once in a while too.
Hi fellow Raider fan. Remember me? How have you been? I hope well and that you are still "doing your thing" with trading?
I am doing good except for my Yanks last night. I thought Raiders would be on today, but no. I am still doing my entertaining at nursing homes, but since my wife and I sold our house and are in a 55 and over community, I am not soliciting gigs any more but I still take whatever I get, and so instead of 300 a year I may do more like 250 a year and so I may be getting into a bit of the trading again when I have the spare time and have some days off. So I thought I would say hi and see what is going on here.
Ray
Yes it is. Thanks
Hi my friend. Remember me? I am trying to remember the board that I used ot follow that had that Augusta guy on it. I think you posted on it too? If you can help an old friend remember?
LOL
I hope you are doing well?
Yes I agree with some re-tracement.
Thanks JG. Yeah my 2 losers were when I added to my position "thinking" the run was overblown, but the "momo" was too powerful.
But I learned and I should have known better.
Yeah the high yield etfs are good for the income, and I do once in a while tweak the list, but it is not as much fun as trading.
LOL
Yes most of my trades selling short high risers for the day were done in minutes to hours.
A few I held overnight, but I thought that would be too risky. But yes as you do I should sometimes let it play out with what my gut tells me. I use charts, fundamentals, and of course news releases.
Continued good luck to you.
New here. I search for the biggest daily gainers and after the first hour or so of trading I look for a stock to short sell for a small day trade gain, if I feel the stock has gained too much on news that is not that big of a deal and look for that little re-tracement or pullback. It seems to work, but it is risky. I am 72 years old and have been into stocks for about 35 years. But even though I still keep busy by entertaining for nursing homes almost daily and have been a musician for 57 years, my dad used to say "even a train stops sometimes", so I am preparing to see what I can do in my spare time if and when I am still alive, but can no longer entertain. I am all into ETFs (14) now that have high yields (8% average) as I prepare my wife and I for a lesser income, but maybe thinking my day trade short selling might add to our social security? I am not convinced I can do it, but I have been doing good except for 2 times out of about 25 times I have done it, but my 2 bad ones, were bad ones. LOL Anyone else do similar or am I the only nut?
About 12 years ago I was in this. I made some money back then. Good luck guys.
ZMLP / MLPA 12% yield combined. Oil etfs.
Seems a good time to get in oil. IMO
Wow you guys are still here? Hope all are ok? Ray
Triple witch action??