is.......................Broke and can't be fixed.
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I've never seen a company that did a r/s in order to stay listed that had its market cap return to pre-split numbers without an event that would have moved the pps anyway.
Ford continues to recover from 20% drop after earnings. HOD $16.5
Announced they will reduce $3 billion more in debt.
No buying.
"Award of Restricted Stock Units that vests monthly over a one-year period. The shares underlying such Restricted Stock Units will not be delivered to the Reporting Person and may not be transferred or sold until termination of service."
I would be adding, but I am comfortable with my position, in @ $9.65
Many of the biomeds seem to take the same path lately, and it makes perfect sense with the volatility involved with these things. Any blip on the radar causes many to "scramble their jets" if you will.
"If you wish to invest in the recombinant protein field of research, Protalix is a much more reasonably-priced investment option."
And even more reasonably priced than a couple days ago.........
Added PLX @ $9.65
Ford
Nice start to pps recovery from recent 20% decline.
Down to $15.10 last thursday.
HOD today @ $16.36
I always love the idiot post "watch and learn".
Even a blind squirrel finds a nut once in a while. For every successful claim of "watch and Learn" there are five unsuccessful and those people are seldom heard from again.
I've picked up some F at $15.45 maybe I'll be a good luck charm.
Edit: F $13.35.....no charm here!
If I need to sell at any time, I can, but a couple extra % never hurt anyone in the meantime if you play the stop losses right!
we need some buyers to step up here.. talking about oversold! swings always seem exaggerated most of the time.
DEPO
According to what I've found, the float is 18 million shares. (As per etrade)
The shares shorted is 3.5 Million shares. (From AOL as of 1/14, not sure about the number today)
That seems to show 20% of available shares are shorted. Could get interesting if they start to try to cover. I still believe this will be more of a steady rise in the next two months leading up to the marketing getting straightened out. However, I would not rule out taking profits if it continues upward.
DEPO
Milestone payment is nearly $1 a share. 2/3's of the shares are held by insiders and institutions. I do not believe this will "pop and drop", I'm looking for a more steady climb into the marketing resolution. Of course after that resolution, more of a steady climb.
BAC closed down $.07 @ $13.60
PLX ended in the red. Down $.18
I have 40 ticker symbols on my board. They all ended red except three.
DEPO, AMRN and CLSN
I have two funds.....they both ended in the green. Go figure.
Won't abbott be the ones that get the FDA's decision?
If so, couldn't that mean a delay in the information being released to the public. Maybe Monday?
The judge did not say "the MESAQ shares gonna be cansel".
The PR is not clear about this. IMO
Mesa isn't bankrupt, they go not going in chapter 7.
I agree. But I will add that because of the situation you mention, this can be a much steadier rise in pps as things get lined up. Making the overall trader's profitability of DEPO greater for the next couple of months. Only upon approval.
First of all who said I'm holding? I am but I didn't say I was.
Secondly, not everything is about what happens with the fda this week. An approval, would move the pps up, I just don't see a big ($1.5 or more)move. I think there will be more upward movement when the abbott situation gets straightened out. No matter which way it goes, with or without abbott, many do not like uncertainty and that's what we have right now.
So to answer your question in a straight forward manner, as of right now I'm holding for fda and abbott situations to work out.
I don't think there will be a big jump upon approval. Most believe that it is as close to a sure thing as it gets with the fda. That brings up 2 things.
1. There is no sure thing with the fda, it is a government agency occupied by people whose main concern is always cya.
2. If most think it will be approved then approval is mostly baked into the price already.
I may be wrong, but I'm not always.
It better not be the ball that come out!
Headlines make all the difference
Abbott 4Q profit dips on restructuring, acquisitions
http://chicagobreakingbusiness.com/2011/01/abbott-4q-profit-dips-on-restructuring-acquisitions.html?utm_source=twitterfeed&utm_medium=twitter
OR
Abbott beats forecasts as drug sales shine
http://www.reuters.com/article/idUSTRE70P3PT20110126
Same information, different spins.
ABT may have learned only now that the FDA label will render the product a commercial bust
"Cramer said the current shareholders of Citi have no conviction and no understanding of how a bank operates"
Maybe current shareholders have a good understanding of how "Cramer" operates. Maybe people are tired of his constant pumping and bashing of stocks that he has a vested interest in. Maybe people are finally understanding that cramer is just a jester with a cheap tie......Just maybe?
DEPO
One other thing to keep in mind, 2/3 of the shares are owned by tutes and insiders. Management will work hard to iron out this mess.
I have never in my life been so completely wrong about something and ended up doing the right thing. I was absolutely positive the drop in pps during the regular session was market manipulation. Because I thought they would manipulate more in the morning I didn't buy on the dip.....
I've also never been as calm about seeing a stock I own drop that far. Maybe I'm a dope but I'm happy I didn't buy more and I'm also not selling what I own. Not yet anyway, I believe this will work out in the long run.
If Abbott had that kind of influence with the FDA they would have used it and not worried about legal wrangling. It appears to me that Abbott would not have risked this if they thought (knew) the drug would not be approved.
DEPO's stance seems clear cut:
New caller: jason from Zack’s Investment:
-Q: Was there any provision that would give abbott and out?
-A: No, they have no out
So it seems the contract is binding, the question is, does the contract have any wording regarding "launch" of the product.
I'm not a lawyer, don't even play one on TV, but if they have an agreement in place and that agreement does not oblige Abbott to "launch" the law team at DEPO needs to be replaced.
Problem is, they will adhere to what they feel are their obligations in the contract.
Ballsy move. I like the logic though. I've had some cash set aside for something like this. I think tomorrow am they might try to take it down some more so I'm holding for that.
Maybe yes, maybe no but either way good luck to us all.
A bonus valued at $22 Million. All that happened here was a buying op. IMO
Steve Jobs sneezed this morning APPL down 5.5%....
How important is one man? His leave of absence is being overblown by every media market there is. The last time he took a leave the stock tumbled only to come back during his absence.
Citi's earnings missed projections (.04 vs. .08).
It amazes me how the actual profits mean very little, it is only the profits compared to earnings estimates that matter. Down from pre-market high of $5.29 to $4.97 right now.
You've been a member for a week, claim you're related to someone "high up" in Citibank and that they took another $20 Billion in November 2010.
That's as uncredible a post I've seen in a long time. Here's, in a nutshell what happen with Citi:
Treasury Secretary Timothy Geithner warned that the U.S. government may have to bail out major financial institutions again if there’s a crisis as big as the last one, according to a report released Thursday by a group overseeing the Troubled Asset Relief Program.
“We may have to do exceptional things again if we face a shock that large,” Geithner told the Office of the Special Inspector General for TARP in December.
SIGTARP, as the oversight group is known, spoke with Geithner during its investigation of the government bailout of Citigroup Inc. (C) . The group’s findings were released Thursday.
SIGTARP commended Geithner for his candor about possible bailouts in the future, but the group also said the Treasury secretary’s comments highlight that TARP has left a legacy of “moral hazard associated with the continued existence of institutions that remain ‘too big to fail.’”
“It also serves as a reminder that the ultimate cost of bailing out Citigroup and the other ‘too big to fail’ institutions will remain unknown until the next financial crisis occurs,” SIGTARP added in its report.
Citigroup said in a statement Thursday that when the financial crisis hit in the fall of 2008, it was “well-capitalized and liquid,” but faced uncertainty resulting from “dysfunctional markets and a declining stock price.”
“The government’s investment removed that uncertainty,” the banking giant said.
“As Citi CEO Vikram Pandit has said, we owe a debt of gratitude to the U.S. Government and the American taxpayer for providing Citi with TARP funds,” the bank said. “This program restored confidence in the financial system and built a bridge to sound footing for many institutions.”
Citigroup shares slipped 3 cents to $5.05 in afternoon trading on Thursday. The stock is down 90% in the past five years.
Citigroup almost failed in November 2008, even after getting $25 billion from TARP’s Capital Purchase Plan just weeks earlier, SIGTARP said in its report Thursday.
During a late-November weekend, officials including Geithner, then-Treasury Secretary Henry Paulson and FDIC Chairwoman Sheila Bair crafted a rescue for Citigroup that included asset guarantees and a $20 billion capital infusion in exchange for preferred stock in the company.
Participants called it “Citi Weekend,” according to SIGTARP.
Citigroup initially proposed that the U.S. government guarantee 100% of $306 billion in troubled assets in return for $20 billion of preferred stock. But officials rejected this and made a “take-it-or-leave-it” offer that required the bank to absorb the first $37 billion of losses in the asset pool, plus 10% of any losses beyond that, in return for $7 billion in preferred stock, SIGTARP’s report said.
Citi executives were concerned that the government’s terms were too expensive and some bank insiders recommended against accepting the bailout, SIGTARP said, without identifying these people.
In the end, Citi accepted the deal. It’s stock price stabilized, access to credit improved and the cost of insuring the company’s debt dropped, SIGTARP reported.
Just over a year later, Citi terminated the guarantee program and repaid the $20 billion it got from the government, the oversight group said. Citi also ended up absorbing all losses on assets that were guaranteed by the government. That totaled $10.2 billion by the time the guarantee ended, SIGTARP said.
The U.S. government ended up making more than $12 billion from its rescue of Citi, the group noted.
“The Government constructed a plan that not only achieved the primary goal of restoring market confidence in Citigroup, but also carefully controlled the risk of Government loss on the asset guarantee,” SIGTARP said.
Still, SIGTARP said that the criteria used by government officials to decide whether to save Citi were “strikingly ad hoc.”
The FDIC’s Bair told SIGTARP that the New York Fed warned told her that “problems would occur in global markets” if Citi failed.
“We didn’t have our own information to verify this statement, so I didn’t want to dispute that with them,” Bair added, according to SIGTARP.
Pandit told SIGTARP that no one knew what the systemic effect of a Citi failure would be, and that no one wanted to find out.
John Reich, then-director of the Office of Thrift Supervision, said during a Nov. 23 FDIC board meeting that “selective creativity” was used to decide which financial institutions were systemic and which weren’t.
There “has been a high degree of pressure exerted in certain situations, and not in others, and I’m concerned about parity,” Reich added, according to SIGTARP.
SIGTARP said this ad hoc approach to massive government bailouts can be avoided if regulators develop objective criteria and a “detailed roadmap” showing how these rules should be applied during future crises.
However, Geithner told SIGTARP that it’s impossible to develop such criteria because no one knows yet what the nature of another economic shock might be. Financial institutions and markets would just “migrate around” such rules, he added.
SIGTARP countered that regulators must not simply accept that Wall Street with work around regulation. Instead, they must “maintain the flexibility to respond in kind.”
By Alistair Barr – wsj.com
C
Citigroup has spent nearly all day at or above $5.
This has been a so far unbreakable resistance point. Obvioulsy it hasn't broken it yet but a close over $5 would be a great start. It has not closed @ $5 since 3rd quarter 2009 and even then it was short lived.
AVNR
INGALLS & SNYDER as of September 30, 2010 owned 3.4 million shares.
As of December 31, 2010 owns @ 7.4 million shares. That is over 6% ownership.
According to eTrade.
Holdings
Total Number of Shares Held 71,319,190
Large Block Owners 76
Percent Shares Owned 59.10%
Percent Change in Ownership 6.34%
0.20% Brokerage Firms
58.60% Investment Managers
0.30% Strategic Entities
40.90% Non-Institutional
Mouseover legend for more detail. Monthly Share Rotation
Type Number of Shares Value of Change Shares Outstanding
Buyers 1/11/11 4,263,755 $17,694,584 6.50%
Sellers 1/11/11 10,000 $41,500 0.10
Next to no sellers and a 6.5% increase in shares owned by the big boys. I for one believe in the "follow the big money theory". Looks good to me.
Looks to me like ihub has answered your question.
I am adding on the dips..
The seeling today is on low volume..
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How do you tell your contractor that the ceiling must move up or down with the volume???