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Nebraska, Shout out! .044 confirmed, Range 2000
AHHG OHH OHH ooh! (in the stylings of Tim Allen)
Market this is Nebraska, SHOT over.
Round down range .044
Well I am bound by a work restriction so I have
to wait until I go pick up the kids to actually
execute the trade.
You can put in a limit buy, but be sure your limit
buy is slightly above the ask. NOT THE PRICE YOU
WOULD LIKE TO SEE IT BE by the end of the day, but
just slightly above the ask.
That will cause steady trades to occur. Your limit
buy will be filled with any stocks at or BELOW your
limit price. That way, you don't short -- yourself!
Additionally, you will help clear out any asks below
your limit buy should there be any.
Well, not half a million, that is for sure.
Unfortunately, I don't have a great ammount.
But I should be able to pick up at least 2 thousand
shares.
Please do keep in mind, I am a long, and I have two
kids, and I am a single parent.
But the round will be on its way shortly.
If it makes anyone feel better I will paraphrase the old
Ricardo Montalbon speach at the end of Start Trek II.
4's - From this socialist He&&, I stab at thee, for hates sake, I spit my last breath at theee!!! aaahhg.
I assume dry powder means money.
If not, um... I do actually have some powder,
but I was planning on holding on to that until Sunday,
and don't think it would do us much good here.
I can't see the bars where I am. How many 4s are available in the trades window?
Just sold some ETFC.
I have a canister and some dry powder.
I will be sending a round down range here in a few.
Market as a whole finished down today. There is talk of a double dip. Yet, this stock seems to be weathering it well. BEHL finished up 2% today but that was after a collapse of a 20% increase in daily trading from the midmorning yesterday. Additionally, it finished down nearly 15% from earlier in the week.
We are still looking surprisingly well given the financial storms that have been clamoring around us.
All this negative talk, yet the price finishes higher.
Hmmmmm.
Looks like we have some flippers taking
advantage of instability in the market.
The buys picked up at the end of the day
aside from that last sale. According to
the graph I saw the sales hit in mid afternoon
then the buys picked up after the price came
down.
One has to wonder why it is, they can bail out AIG, and all it has to do is go through a 20 - 1 reverse split and it is back in business. But here is a company that within one year, suposedly gets bailed out, files bankrupcy anyway, then says it paid back what it owed the government.
To me the whole thing sounds filthy. I don't own stock in the company, and I don't ever plan on buying one of their vehicles ever again. I feel sorry for anyone who is hanging on to this stock at this point because, if what you say is true, they are lining the pockets of some really shady characters not only in our financial system but in our government as well.
Share holders are creditors!
To answer your question. Perhaps it is this...
Equity Security Holders
An equity security holder is a holder of an equity security of the debtor. Examples of an equity security are a share in a corporation, an interest of a limited partner in a limited partnership, or a right to purchase, sell, or subscribe to a share, security, or interest of a share in a corporation or an interest in a limited partnership. 11 U.S.C. § 101(16), (17). An equity security holder may vote on the plan of reorganization and may file a proof of interest, rather than a proof of claim. A proof of interest is deemed filed for any interest that appears in the debtor's schedules, unless it is scheduled as disputed, contingent, or unliquidated. 11 U.S.C. § 1111. An equity security holder whose interest is not scheduled or is scheduled as disputed, contingent, or unliquidated must file a proof of interest in order to be treated as a creditor for purposes of voting on the plan and distribution under it. Fed. R. Bankr. P. 3003(c)(2). A properly filed proof of interest supersedes any scheduling of that interest. Fed. R. Bankr. P. 3003(c)(4). Generally, most of the provisions that apply to proofs of claim, as discussed above, are also applicable to proofs of interest.
Now the above sounds like gobbly guk to me. I would assume that if they owned shares before the stock when viral, and changed to GMGMQ then on to MTLQQ, that the votes to proceed on the plan were taken before the stock symbol changed. If that is the case, then those who owned shares prior to the change of the stock symbol might be entitled to a discharge, but those who bought in after the liquidation began would not be. That is the only way the above makes sense to me.
That is the law. As for what it means. (shrugs shoulders)
I do not promote this stock, I do not advocate buying this stock.
One last retort.
I agree with you. However, if what you say is true, why even invent the dang stock ticker to begin with? Why didn't it just disappear like a fart in the wind?
People have been investing in GM for a LONG LONG time. If the government closes out this stock without a payout to common share holders, your going to have a number of ticked off people on your hands. people = voters!
So you have a government who uses tax payer dollars to bail out a private company because they are too big to fail. Then they declare bankrupsy anyway. Bankruptsy = FAIL. Then the unions get a sweet deal with the new company who's stock isn't even on the market yet. Why isn't the new stock on the market yet? Is the government trying to hide behind non-public status on a company that they bought with public money?
Why are they hanging around? (shrugs shoulders).
Probably because it still exists!
Why does it still exist? Probably to make the "company" money.
For all I know, all the share holders and buyers are doing right now is contributing to an already over-inflated union pension.
I was browsing the boards and found this one. I too was astonished at what I saw. You asked a question and I attempted to provide an answer. I am not invested with this "company" but your question didn't seem to require that I be. There had been no activity on this board for quite some time. Your posts or similar ones were the reasons why my browser advised me of new postings.
You are correct in that secured creditors are paid first. YOu are correct this is the "old GM." Why would people be buying this stock, was the root of your question.
"The Old GM" has closed many, many, dealerships. They have laid off many many of their employees already, sales staff, service shop personnel and the like. Most of middle management probably went out the door as well. Service supply providers have additionally been laid off as a result of not having to deliver product or parts to service centers.
THIS IS BECAUSE WHAT EVER IS LEFT ASSET WISE GOES TO THE SHARE HOLDER!
I am not attempting to sound like an expert, I am merely pointing out, as you have done, events that have already happened. I can't imagine the legal fees will be all that expensive as the government bailed out the auto "giant" already and owns it. So they are probably using the lowest freaking bidder on legal representation.
I hope this covers the remainder of your concerns. If not, please do not seek me out for additional answers as I am simply trying to state the obvious, people are buying it for a reason, merely supply a reason why they may purchase it. I am not trying to be argumentative nor do I wish to devote a great deal of time to trying to explain why people are buying a stock that I do NOT own!
Sco0pz,
Have a good one, bud. We will be doing something
similar here in few days. Peace to men of good will.
Going on about? Someone asked why it is that the stock was holding value. I simply stated what the law was. In bankrupcy you have pre-petition and post petition claims. All pre-petition claims will be paid with whatever assets remain. This is why we have bankrupcy laws people. If the government wants any of the old companies assets they have to purchase them. It may not be worth much, but they are worth something. I can only imagine that is why people are holding onto or purchasing this stock.
If my comments were offensive to people, all I can say is, don't waste your time being offended. To do so simply places one more barrier between you and the solution to whatever problem you are facing. For, before you can solve the task at hand, you must first work through your emotion of being offended.
It is not, nor was it ever, my intent to turn this into a political forum. However, truth is truth. I provided material to back up my point of view and I stand by my comments. I do see that they have been removed and that concerns me. But don't worry, I am not offended.
According to the law, they must pay the shareholder first. Even before they pay labor.
Well met, sco0pz.
I would say that is good to have you on board, but I think, you were actually here before I was. So, I guess you have that honor, but know that I feel it is good to see you. :)
Congratulations to you and yours on the Olympic Hockey win.
Those were some good games!
Well, sco0pz hi.
Where are you from? I am in Nebraska.
Yep, it registers now. Still not as bad as it could have been, but... bleh. Wave good-bye to this day with a smile.
Today my portfolio took a hit. I lost 200 dollars in market value in the last 10 minutes of activity. I am waving good-bye to this day with a smile on my face. It could have been worse.
ETFCD -- Etrade Financial - down a dollar/share from open.
BEHL -- Finished slightly up - 5%. Was at 20% earlier today.
HSCC -- Even on the day. And when you consider the day, that's good
Kaiser,
No argument about the MMs. However, when you consider that they killed the run right before a market crush, as frustrated as I am with them, they may have been spot on. The market got crushed today and volume today, for this stock, was about normal. I don't think they are on our side on this one, but when you consider the kind of panic that could have occurred today if we were at 5 - 6, the knee-jerk selling may have brought us back to this spot or even lower.
The problem with thinking they are our friends in this scenario is one generally doesn't realize that both we and the MMs dodged the same bullets today.
Anyone have a screen shot of the Bollinger Bands? I too agree that if there is to be news it will mostlikely come next week. People tend to get forgetfull over long weekends, both politically and financially.
John7777,
Agreed. The market as a whole did bad today. It even crushed BEHL back down to single digits when it was up 20% this morning. This stock is persistently strong.
Too Right, Energy_wave!
Never mind. Now I see it.
Selling 1000 shares at .046? Really? Really?
You just had to get 46.00 minus commission out
of the market today? Really? Lets imagine that
you only pay 8 bucks a trade. You had to get $38.00
out of the Market today? Really?
Did you have over due book fee to pay?
We don't know who you are, but please, don't come back.
Good to see.
Kaiser,
I am a long investor. So, even if we close down today I will remain. The reason for this is simple. This company with its implementation of this technology has the potential of competing with optics and engineering coming out of Japan! Self-cleaning low maintenance lenses and high definition video, coupled with todays computer market, chuck full of two terabyt Hard Drives make this company able to market not just to the government or to the military, but to private industry.
The home security market would benefit a great deal from this technology. Physical secuirity specialists can couple this technology right into the I.T. departments of major financial and investing firms. With today's technology we are no longer encumbered with the idea of having to marry an imaging system such as this with a motion detector, so we only get still images of events. We are able to record entire 24hr periods of high definition video.
We are not talking about a simple pin sized camera hooked into someones glasses that gets 3.4 or even 6.6 mega-pixels. Or some small button sized camera you have to wire into your computer. We are talking about the ability to cammophlage cameras at the boarder to get detailed images of narcotics traffickers, gun smugglers, illegals entering the country, or even enemy combatants movements from predator drones.
Back in the day, you used to have a profound amount of downtime on an aircraft who's reconnaisance mission was to record may 30 to 40 seconds of video or of images while over the target. With todays drones or aircraft, simmulated trees or rocks, and the compression capabilities of todays software and hardware, you don't need to spend as much time trouble-shooting or pulling preventative maintenance on the imaging system before you get that vehicle back in the air, or put that tree back into service, or put that rock back into action.
We could be looking at a future where people say, you see that fire hydrant? Don't park anywhere near it or the police will get a picture of your license plate and send you a ticket.
The possiblities are blue sky. No, I will be sticking with this one. I don't make my investment decisions lightly or on short term market activity. My frustration comes from those who so-obviously do.
John7777,
I know, I know. My frustration comes from the lack of both the logic and the volume of the sales not being weighed against the price of the buys. It's not my first rodeo, but I have never seen such a profound display of price manipulation as I have seen today.
The investment strategy of the private investor now has to take into account the purposefull shorting of a stock by either A, the Money Managers attempting to get in on the run, and/or B, desperate indebtedness causing folks who shouldn't even be in the market to sell insanely low amounts of volume and an insanely low price.
That's a special kind of stupid right there!
Good Lord. A 75k buy moves the price up to .046 and a 5k sell moves back down to .0451. Are you fecal-mattering me? Is this stock's run being held hostage by sellers who desperately need $225.00 out of the market today? There is no excuse for this. This is price manipulation by the MMs. We are only 100000 shares away from Friday's volume and this is how they treat the stock?
Additionally, volume is now over half of what we had on Friday. This is a good thing. A VERY good thing.
Agreed.
I simply don't understand why the sales are coming in short. If folks are buying at .046 and .047 why sell at .0451? This cannot be a simple case of impatient sellers. ehmf. Frustrating, but, if they are willing to sell at .0451 I am willing to buy at .0451.
Makes no never-mind to me.
Joshua,
I understand. I too got in when it was at .008/share. If I sold all my shares now, I could make $1,250.00. I like to see folks pay off debts. I think it speaks well of people that they do so. The problem I have with what that individual did is, it affected the morning lull to such an extent that now the low bid seems reasonable.
My patience has yielded well over a 300 % return in market value on an initial purchase of $210.00. I understand some folks need money, but that kind of activity is indicative of desperation. There should be no reason why someone cannot post their shares at .048 and wait a couple of days for it to come.
There is price manipulation, and then there is simple impatience in selling. Both are bad.
Who are these people selling 5000 shares at 5 to 10% below market?
Hope you enjoy the $225.00. If you sold at .0048 you would have made $240.00. Which means, I guess, you could have paid off 15 more dollars of that credit card than you are going to be able to do with your $225.00 minus commission.
Now, that probably isn't anyone in here. But people, that is why you should never buy anything with a credit card that you don't have money on hand to pay off. For whatever reason this person found it necessary to withdrawl $225.00 from the market in an impatient manner, a little more patience would have netted them $15 mor dollars.
The shares are going to get bought folks, don't short yourself.
A mid morning lull is normal. Additionally, we already have 1/3rd of the volume we had Friday. Upward movement is imminent. The price has been brought artifically lower as a result of a 25k sale at 5 percent under market. Impatient seller perhaps, but that is why most charts have this kind of dip in the morning hours.
Taking a look at the undervalued buys earlier in the day, I didn't see any major sales making those shares available for the buy. Looks like we are getting down to the last of the float.