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That sounds about right, mid to high .004s. Indicators still have a ways to go before oversold. I got out at .007, don't mind missing the extra run now.
I did. But I'd rather get back in on a dip before good news than wait for a recovery after bad.
Let's hope it's Monday, Friday news is often not so good.
NITE is great for volatility, but remember NITE is in it for NITE and no one else.
OK, I'm out at .James Bond for an almost double. Will jump back on retrace if the Miss Moneypenny lets me.
Ya baby! That's the .007 ticket!
Let's break that r at .07! What's the hold-up? (Edit, oops, make that .007...not that .07 would be a problem!)
That's like a dozen buys in the last 10 min at between 1 and 6 million shares. Nice
i've got a stinker in for .0028, won't be sad if it doesn't get hit
photon lasers! Sweet. I think Paradigm is also working on some photon topedoes in case they run into some Klingon MMs!
yes, no excuse for his pronunciation, but he was just reading it phonetically...Paradigm = Paradjem
400,000 just went through at .31. Hoowah. (edited: my bad, lost count of the 0's)
"Spansion seeks extension to file disclosure, eyes year-end exit http://ow.ly/sUzt"
The link needs a membership and I can't find the info elsewhere. Again, I can't see how the judge can rule in their favor if they haven't even filed their numbers yet. Seems extremely arrogant on their part..."Oh Judge, we'll let you see our numbers in a few months, but in the meantime, could you just cancel those annoying commons holders' shares? That's a nice judge." lol
Well, I grudgingly sold my .18's for .31. Left a LOT on the table by not selling .50 but a profit's a profit.
thanks emit, do you have a link, I've been looking for that info
note paragraph 2 and 3. Spansion still trying to play games. the river has been dealt...time to show your cards!
Oct 2 (Reuters) - Bankrupt flash memory chips maker Spansion Inc said it plans to file a reorganization plan with the U.S. bankruptcy court in the near future and aims to exit Chapter 11 protection in the late fourth quarter of 2009 or early 2010.
In a statement, the company said it had submitted a motion with the court seeking permission to file its reorganization plan without the related disclosure statement.
A disclosure statement must provide "adequate information" about a bankrupt company's affairs and enable claim holders to make an informed judgment about the proposed reorganization plan.
In court documents, Spansion said its disclosure statement continues to be a work in progress and that it will file the statement within a few weeks of the filing of the reorganization plan.
Spansion filed for bankruptcy in March after succumbing to plunging chip prices, as more consumers eschewed electronic gadgets during the recession.
The company said it had reached an agreement on the material economic terms of the reorganization plan with a consortium of holders of the company's senior secured floating rate notes and a committee of the company's unsecured creditors.
The case is In re: Spansion Inc, U.S. Bankruptcy Court, District of Delaware, No. 09-10690. (Reporting by Santosh Nadgir in Bangalore; Editing by Maju Samuel)
nice, congrats
.25?! sorry for all the posts, but wtf? blew through .22 resistance. if it makes it through .286 resist we might be back in business. congrats to any smarty pants who sold at .50 and bought back in .14. 9 million served and not yet 10am
Bummer lindy. Another coulda-woulda-shoulda on my part as well. Quite a few big flyer bets on Spansion going up from here though if the judge does not approve. it is a tentative proposal so it's possible it will be changed. the judge did quash that other deal so he might have our interests in mind. (lol .193 as I post)
Seems to be stabilizing here around .15/.16
No, i had no access to a computer. I knew it was going down but had no info as to whether it was just a pullback to ramp up again. Probably should have sold at .50 but, alas.
Any info about the judge's ruling?
Well, I picked a fck of a time to go out of town for a few days. I, too, am long an strong...through my own foolishness and, surprise surprise, greed.
utmost, maybe you can chip in hear: My understanding is that the share cancellation still has to be approved by the judge. Was that hearing on Friday, or is it still to come? I thought there was supposed to me a nr after hours on Friday. Can you clear this up?
I won't be able to watch much the next few days but looking at the 2 year it looks like .75 is the next resistance if we can get through .65 chatter. Probably should have sold some this morning but wtf, let's see what happens over the next little while. I think that Koch's testimony is mattering less and less when I look at today's action.
some brinksmanship at the end of the day. Volume tapering off - be nice to see it break 11 million and close over .45
10 million served!
Ever notice how insightful and intelligent posts become when a stock is running? lol Whahooooooo!
Holy, just noticed 1 million just went through at .48, or am I seeing things. Crap, I have work to do - can't watch this all day!
That's another 2 million over the last 40 minutes. Hoo, doggy. Either the MM's are running it just for fun and profit or something's up.
Love the beast!
Holy cr@p, that's some sweet strength. 2 million served at 10am. Must...try...to...control...greed...
Why so strong? there's blood on the ground in the battle for .40!
a little eod selling, not surprising considering the levels, nice to see .40!
Nice to see strength on a Monday morning - suggests the strong Friday close had substance.
After reading that docket a little more carefully, I'm not convinced preventing Koch's testimony would be all that bad, except symbolically. Given Owsley's extensive arguments against Koch's analysis, and he does have quite a few points, Koch may get decimated and lose all credibility for us in front of the judge. Unfortunately, he's all we got, lol, in terms of equity holder support.
Nevertheless, I don't think the decision will effect the sp that much one way or another. Of course, I know nothing, so feel free to ignore me!
Well done lindy! 89% is rare and excellent profit and profits are good. Plenty of fish in the sea.
some sells esp this morning, but still a lower volume pullback. .26 would be a good retracement. I'd like to see .25 hold and definitely .23 or we'll be heading lower again.
When was that hearing pushed back to again?
C'mon, .275 to .30, you could've cleaned up this morning already!
.29 looking strong, let's see if we can make it 3 strong Friday closes in a row
If you showed me your double bottom, I'd probably see "mobrown"!