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.
Trader discusses how he lost $15,000 on SUNE. He seems to be very positive that it will turn around.
link
Does anyone listen to the Bob Brinker show ? Last Sunday he stated that the existing stock would get cancelled and new stock issued. He mentioned that the existing stock is worthless.
Barrons article on SunEdison
There Goes the SunEdison
Thanks for the daily analysis much appreciated. Very interesting commentary on volume.
Not that long ago 200 million shares traded on a daily basis. Long(ing) for the good ole days when this stock would move up on huge surges. Maybe they need a buyback after the reorganization. But then again they don't have the cash.
Need a lot more up volume. The green candle sticks are not solid today on the 1 minute chart. You see a spike only to be met with selling. What's going on, folks were saying it would be .40 to .50 today ?
A lot of the big momentum day traders got out. Most of the trading is being done by small type retail investors. Looking at the 1 minute and 5 minute bar charts this is reminding me that this is typical OTC stock in a topping pattern. You notice we are in a channel.
Happy trading, go SUNEQ.
Thanks for the update.
I see a trade of 30000 shares in trade data after hours. Do you all think that is a real trade ?
Come on folks. We have to do a lot of buying to get the volume up so the pps rises. Amazing this stock had the most trades and the pps barely moved. Go $SUNEQ
How long do you all think we be in the narrow channel trading range between .20 to .25 ?
Pps seems to be stuck. Keeps on going under 50 day moving average. Looks like we need more volume to get pps up.
This is a good read.
DEALTALK-How some SunEdison creditors scored a safe, lucrative debt deal
link
Go $SUNEQ
I saw something on nightly business report that there is still hope for approval around 5/26/2016.
Remember the institutions mutual funds got out on 4/15/2016. This was done to keep corporate management from selling
Here is the shareholder faq. Don't complain when the company did not warn you. Hopefully the common stock won't become worthless. At least they are honest that the shareholders are the last in line.
link
Take a look at bankruptcy filings. You see there are a lot of convertibles due in the future ==> dilution. Here is article about some convertibles recently.
link
I thought he was only booted from yieldco(s), not the parent company.
Yes they do. There is talk that the ESPP (Employee Stock purchase plan) might be suspended. I saw mention of it in one of the documents on their site, not sure if board of directors will do it.
The annual stock holders meeting is 5/28/2016.
Are there any risks that trading could be suspended in this stock for a few days or weeks ?
You should have not problem getting up early on Monday, your in the UK. You might want to take a profit in pre-market on Monday.
Lesson for buy and hold investors of this stock. The traders and flippers did well. The folks who bought and hold got crushed.
link
Happy trading on Monday.
If this company did not depend on debt to operate, what is your calculation on how much cash it takes to operate on a monthly basis ?
I say $100 million.
If things were normal and no bankruptcy those convertible notes would have caused dilution in the future. How will convertibles work now with this bankruptcy ?
Here are the bankruptcy filings. Lots of reading to do.
Bankruptcy filing link
Is this the article you were talking about with the $50 billion on liabilities ? I might be wrong because everything else I read says it is $16 billion.
article
Chapter 11 is a good sign. Chapter 7 will only happen if chapter 11 does not work. Here is a video about the business model from former CEO/Founder of Sunedison.
business model
Looks like the judge wants to take a slow approach according to this article.
Bankruptcy judge puts off decision on SunEdison independent examiner
Here is what the SEC says about Plan of reorganization.
link
We don't know until the court determines what happens with the common stock holders.
"The bankruptcy court may determine that stockholders don't get anything because the debtor is insolvent. (A debtor's solvency is determined by the difference between the value of its assets and its liabilities.) "
Better to be on the side of caution. You can make money in bear and bull markets, pigs get slaughtered. Don't be a pig because this security could become worthless.
Also keep in mind sometimes a company could shutdown if does not make it thru chapter 11.
"Chapter 11 provides a process for rehabilitating the company's faltering business. Sometimes the company successfully works out a plan to return to profitability; sometimes, in the end, it liquidates. "
Thanks for the post. That was a good read. Noticed they picked option 3. From looking at the charts things don't look good from a cash flow basis. People should wait until this company gets out of chapter 11 before investing in the stock. Trading is a whole another ballgame. Newbie traders should stay away, imho. You never know when the stock will become worthless in a bankruptcy situation.
That was a good read.
Someone is playing games. Someone sold 1 share at .0241.
For me I will wait until it gets back to .02 before getting back in. Especially with all the dilution going on. Hold no more than a few days before it crashes again
Several questions.
1. How come they didn't wait until market closed to announce bankruptcy ?
2. With trading halted because of question 1 does it mean shares will not go to otc and become worthless ?
3. What happens to investors who had options and covered calls ?
Did you chill it first per directions ?
That's when folks do market orders / dump and price comes down.
Support levels .0060, .0063, .0067, .0070. These levels must hold.
There was sell signal generated today
sell signal
This is a rolling stock. Word to wise take your profits and wait for the price to come down before you get back in. This pattern happens every year. I played it last year. Remember there is a reverse stock split that could happen any day now.
A sell signal was generated on 4/7/2016.
sell signal
I picked up 1 million .0001s today.