Bottom Seeker
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Pickering nuclear plant 'leaked radioactive water'
http://www.elitetrader.com/vb/showthread.php?s=2c245087fd4510839979e03090f03478&threadid=217177
Uncle Ted has it covered in his own mind
To many, why this one?.... Please bestow me with this analogy..compendium.. Break it down for me brotha
A to Z answers would be best from Ichan, this is a bottom play for me.....
Holding up well.....
we are lol .169 up!
heck of a gappster
AQ & BQ Charts are basically identical
UPDATE: Blockbuster Agrees To $290M Sale From Noteholders
12 hours 25 minutes ago - DJNF
(Adds details on agreement, and background)
By Maxwell Murphy and Joseph Checkler
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Blockbuster Inc. has agreed to sell itself for $290 million to a consortium of its debtholders, an agreement that gives the buyers the option to convert Blockbuster's Chapter 11 bankruptcy into a Chapter 7 liquidation, and calls for the company to close more than 600 stores by the end of the month.
Blockbuster said in a press release Monday it has entered into an asset-purchase agreement with Cobalt Video Holdco, a so-called "stalking horse" bidding group comprised of private-equity and hedge funds Monarch Alternative Capital LP, Owl Creek Asset Management LP, Stonehill Capital Management LLC and Varde Partners Inc, which together own more than half of Blockbuster's senior secured notes.
Judge Burton R. Lifland of U.S. Bankruptcy Court in Manhattan has already signed an order setting a date of March 2 for a hearing to establish procedures for bidding. The Cobalt consortium can walk away if its purchase isn't approved by April 20.
The sale agreement gives broad power to Blockbuster's would-be buyers, including converting the case to a Chapter 7 liquidation under certain conditions. It also calls for Blockbuster to commence liquidation of 609 of its stores by Feb. 28. The company said it wouldn't say which stores are tagged for closing.
Blockbuster spokesman Michael Freitag declined to comment beyond the press release. "The release should speak for itself," he said in an email.
If the bankruptcy court approves the bidding process, other bidders will have about 30 days to submit offers, and an auction would be held within a week of that deadline.
The Monarch group has agreed to acquire substantially all of Blockbuster's U.S. and international subsidiaries, and a "majority" of its stores will remain open, according to the release.
"We intend to accelerate our Chapter 11 proceedings and move the company forward," Chairman and Chief Executive Jim Keyes said in the press release.
Blockbuster filed for Chapter 11 bankruptcy protection in September after negotiating a restructuring deal that would put the company in the hands of senior noteholders and cut the company's debt to around $100 million from more than $900 million. Junior noteholders owed $300 million would have been wiped out under the plan.
A lackluster holiday season forced Blockbuster to scramble for more money from creditors, and earlier this month The Wall Street Journal reported that Blockbuster was putting itself up for sale after its creditors disagreed on plans to infuse more cash into the chain to shepherd it out of bankruptcy protection. A Monarch-led group was identified as a likely bidder.
What remains unclear is what response, if any, billionaire Carl Icahn will have to the move. Icahn, a former Blockbuster director, lost nearly all of his more than $150 million investment in both classes of Blockbuster common shares and a class of convertible preferred stock. The legendary corporate raider liquidated his equity position and amassed a large position in Blockbuster's secured debt, and was expected to factor heavily in Blockbuster's ultimate fate. A spokeswoman for Icahn didn't promptly return a phone call for comment.
Calls and emails to the members of the stalking-horse consortium weren't promptly returned.
The $290 million price tag puts a sobering number on the fall from grace for Blockbuster since its heyday in 1994, when Viacom bought the company for $8.4 billion. The company spun off Blockbuster in an initial public offering in August 1999.
The erstwhile leader in movie rentals was preceded into bankruptcy by Movie Gallery, which liquidated when it was unable to create a viable business plan. Both companies were unable to adapt to rapidly changing technology, which made a network of thousands of brick-and-mortar rental stores all but obsolete.
On-demand movies, rent-by-mail juggernaut Netflix Inc. (NFLX)--which itself invested heavily in online video streaming before Blockbuster was able to offer a compelling service of its own--and tens of thousands of movie-rental kiosks operated by Coinstar Inc.'s (CSTR) Redbox division all contributed to the Blockbuster downfall. Not even Blockbuster's exclusive deals with major movie studios to rent movies on the day they were available for sale was able to prevent customers defecting to new technologies and competitors en masse.
Blockbuster partnered with NCR Inc. (NCR) to roll out Blockbuster branded kiosks, but the move came too late and the benefits were too heavily weighted toward NCR. NCR hasn't experienced any disruption due to the Blockbuster bankruptcy because it has the unlimited rights to use the Blockbuster name on its thousands of kiosks and has no obligation to the bankrupt company.
-By Maxwell Murphy and Joseph Checkler, Dow Jones Newswires; 212-416-2171; maxwell.murphy@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=NrrL4vlayxarNCLi55ZSXQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
02-21-11 2007ET
Copyright (c) 2011 Dow Jones & Company, Inc.
UPDATE: Blockbuster Agrees To $290M Sale From Noteholders
12 hours 19 minutes ago - DJNF
(Adds details on agreement, and background)
By Maxwell Murphy and Joseph Checkler
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Blockbuster Inc. has agreed to sell itself for $290 million to a consortium of its debtholders, an agreement that gives the buyers the option to convert Blockbuster's Chapter 11 bankruptcy into a Chapter 7 liquidation, and calls for the company to close more than 600 stores by the end of the month.
Blockbuster said in a press release Monday it has entered into an asset-purchase agreement with Cobalt Video Holdco, a so-called "stalking horse" bidding group comprised of private-equity and hedge funds Monarch Alternative Capital LP, Owl Creek Asset Management LP, Stonehill Capital Management LLC and Varde Partners Inc, which together own more than half of Blockbuster's senior secured notes.
Judge Burton R. Lifland of U.S. Bankruptcy Court in Manhattan has already signed an order setting a date of March 2 for a hearing to establish procedures for bidding. The Cobalt consortium can walk away if its purchase isn't approved by April 20.
The sale agreement gives broad power to Blockbuster's would-be buyers, including converting the case to a Chapter 7 liquidation under certain conditions. It also calls for Blockbuster to commence liquidation of 609 of its stores by Feb. 28. The company said it wouldn't say which stores are tagged for closing.
Blockbuster spokesman Michael Freitag declined to comment beyond the press release. "The release should speak for itself," he said in an email.
If the bankruptcy court approves the bidding process, other bidders will have about 30 days to submit offers, and an auction would be held within a week of that deadline.
The Monarch group has agreed to acquire substantially all of Blockbuster's U.S. and international subsidiaries, and a "majority" of its stores will remain open, according to the release.
"We intend to accelerate our Chapter 11 proceedings and move the company forward," Chairman and Chief Executive Jim Keyes said in the press release.
Blockbuster filed for Chapter 11 bankruptcy protection in September after negotiating a restructuring deal that would put the company in the hands of senior noteholders and cut the company's debt to around $100 million from more than $900 million. Junior noteholders owed $300 million would have been wiped out under the plan.
A lackluster holiday season forced Blockbuster to scramble for more money from creditors, and earlier this month The Wall Street Journal reported that Blockbuster was putting itself up for sale after its creditors disagreed on plans to infuse more cash into the chain to shepherd it out of bankruptcy protection. A Monarch-led group was identified as a likely bidder.
What remains unclear is what response, if any, billionaire Carl Icahn will have to the move. Icahn, a former Blockbuster director, lost nearly all of his more than $150 million investment in both classes of Blockbuster common shares and a class of convertible preferred stock. The legendary corporate raider liquidated his equity position and amassed a large position in Blockbuster's secured debt, and was expected to factor heavily in Blockbuster's ultimate fate. A spokeswoman for Icahn didn't promptly return a phone call for comment.
Calls and emails to the members of the stalking-horse consortium weren't promptly returned.
The $290 million price tag puts a sobering number on the fall from grace for Blockbuster since its heyday in 1994, when Viacom bought the company for $8.4 billion. The company spun off Blockbuster in an initial public offering in August 1999.
The erstwhile leader in movie rentals was preceded into bankruptcy by Movie Gallery, which liquidated when it was unable to create a viable business plan. Both companies were unable to adapt to rapidly changing technology, which made a network of thousands of brick-and-mortar rental stores all but obsolete.
On-demand movies, rent-by-mail juggernaut Netflix Inc. (NFLX)--which itself invested heavily in online video streaming before Blockbuster was able to offer a compelling service of its own--and tens of thousands of movie-rental kiosks operated by Coinstar Inc.'s (CSTR) Redbox division all contributed to the Blockbuster downfall. Not even Blockbuster's exclusive deals with major movie studios to rent movies on the day they were available for sale was able to prevent customers defecting to new technologies and competitors en masse.
Blockbuster partnered with NCR Inc. (NCR) to roll out Blockbuster branded kiosks, but the move came too late and the benefits were too heavily weighted toward NCR. NCR hasn't experienced any disruption due to the Blockbuster bankruptcy because it has the unlimited rights to use the Blockbuster name on its thousands of kiosks and has no obligation to the bankrupt company.
-By Maxwell Murphy and Joseph Checkler, Dow Jones Newswires; 212-416-2171; maxwell.murphy@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=NrrL4vlayxarNCLi55ZSXQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
02-21-11 2007ET
Copyright (c) 2011 Dow Jones & Company, Inc.
STLK....Jesus Fricken Christ
I'm curious about his liver transplant years back and why his liver failed. Hep C , chronic drinker,to much acetaminophen (V's) or anything that was filtered through the liver? And once he had the transplant did he stay on a strict non liver filtering diet?
He insists on being called Dwayne!
matter of time IMO 5 year below.. candle only
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58562864
GM decides to pay bonus.....
popcorn anyone?
not to many sellers left.....
BP Texascity,Tx less then 20 miles from my location. I have a brother-in-law, step brother and several friends employed there that I wish the best for. BP closes at 45.93
http://www.foxbusiness.com/markets/2011/02/01/bp-reports-texas-city-competent-operators/
been playing this one since it was called KDSC before the new ticker change...i've enjoyed two nice pops for over 2 years now
big 11s coming through
I can appreciate that note, GLTA. STHG.......
Naked short selling, phantom shares, counterfeit shares, what ever you want to call it.
It does happen, believe you me and they get away with it, but there are rules, there is a time period to meet with these so called shares being sold.
When a Market Maker has to cover, he has to buy. Just like you and I. So Mr. A buys, and the entity that sells them to him, Mr. B, does so short, creating for himself, a short position, that must be closed out in accordance with the rules .. namely Reg SHO .. while on the other end...for Mr. A. the clock stops and the position is duly closed.
The difference is, you and I cannot do that. I cant just reach out to you and say:
Me: "Hey, can you sell me some shares so I can cover my short ? "
you: "sure. But I need them back in 12 days so that I can cover on the thirteenth day."
Me: Thanks.
F A N T A S Y
But the MMs can ... and they do .. this is their bread and butter and it is perfectly legal. The only way to break this up is to make the Market maker search frantically for shares through sustained volume buying .. period
They cover in turn. They help each other. One MM will short enough shares to another who in turn will apply them to his positions. Voila. Clock resets.
MMs are not novice at what they do.
STHG... been playing it for over 2 years now... thinking it's about to make another nice run. Did nicely today! Keep it on watch....
RSI & Williams%R is very close to power zone baby
can you say volume picking up? lol
EIGH 10k shares at .04 if anybody wants them... need ribeye money... caught a good sale today in the paper...I'm stocking up tonight...lol
Certs blah blah blah in pinkland..I was in back in the day...just made another big run...
Also just released via marketwire a few minutes ago
maybe when the profits are taken from the other N and P, they'll come back here...lol me too
when that top left side of the little box is the color red.. don't whack the bid! damn :-/
NEWS:
Fun to trade STEC, easy on the Charts.....
STEC to Present at the Stifel Nicolaus Technology, Communications & Internet Conference2 minutes ago - PMZ via Comtex
GlobeNewswireSTEC, Inc. (Nasdaq:STEC) announced today that its management team will present at the Stifel Nicolaus Technology, Communications & Internet Conference. The presentation will be held at 9:45 a.m. Pacific Time on Wednesday, February 9, 2011. The Conference is being held at the Fairmont Hotel in San Francisco, California.
About STEC, Inc. (STEC)
STEC, Inc. is a leading global provider of solid-state drive technologies and solutions tailored to meet the high-performance, high-reliability needs of original equipment manufacturers (OEMs). With headquarters in Santa Ana, California and locations worldwide, STEC leverages almost two decades of solid-state drive knowledge and experience to deliver the industry's most comprehensive line of solid-state drives to the storage industry.
For further information about STEC, please contact the Company's Investor Relations department at (949) 260-8328 (ir@stec-inc.com). To subscribe to the Company's "Email Alerts" service, please visit the Company's website at www.stec-inc.com, and then click on the red "Investors" tab at the top of the home page, and finally "Email Alerts."
The STEC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1079
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: STEC, Inc.
CONTACT: STEC, Inc. Mitch Gellman, Vice President of Investor Relations (949) 260-8328
---------------------------------------------------------------------------------------------------------------------------Best Relative Performance in the Computer Storage & Peripherals Industry Detected in Shares of Lexmark International (LXK, STEC, NVTL, NTAP, HYC) 13 hours 23 minutes ago - PSM via Comtex
Comtex SmarTrend(R)Below are the top five companies in the Computer Storage & Peripherals industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform. Lexmark International (NYSE:LXK) ranks first with a gain of 13.23%; STEC (NASDAQ:STEC) ranks second with a gain of 4.15%; and Novatel Wireless (NASDAQ:NVTL) ranks third with a gain of 3.61%. NetApp (NASDAQ:NTAP) follows with a gain of 3.27% and Hypercom (NYSE:HYC) rounds out the top five with a gain of 3.02%. SmarTrend currently has shares of Hypercom in an Uptrend and issued the Uptrend alert on September 09, 2010 at $3.60. The stock has risen 156.2% since the Uptrend alert was issued. Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------------------------------------STEC: The Trend Continues Up (STEC) 1 days 6 hours 55 minutes ago - PSM via Comtex
Comtex SmarTrend(R)SmarTrend identified an Uptrend for STEC (NASDAQ:STEC) on December 07, 2010 at $17.48. In approximately 2 months, STEC has returned 21.4% as of today's recent price of $21.23. In the past 52 weeks, shares of STEC have traded between a low of $9.47 and a high of $22.79 and are now at $21.23, which is 124% above that low price. STEC is currently above its 50-day moving average of $18.42 and above its 200-day moving average of $14.83. Look for these moving averages to climb to confirm the company's upward momentum. In the last five trading sessions, the 50-day MA has climbed 1.79% while the 200-day MA has risen 0.8%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of STEC shares. Write to Chip Brian at cbrian@tradethetrend.com
Seems to make a run every 3 weeks or so... it's coming IMO
How much does it take to knock that 15 off :-/ gees
NNBP mega monster 60%
NNSR 46% vol picking up.. ask thinning out.. getting big hits