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.
This is interesting to watch.
Who has the greater conviction, buyers or sellers?
Youku Tudou (NYSE: YOKU) sees early upside on trading desk takeover chatter. Shares re up 3.3%.
http://www.streetinsider.com/Management+Changes/Gogo+%28GOGO%29+Adds+New+Director/9616096.html?si_client=intbro
Might be enough to push it over $20
I'll be watching.
Might hit 40 premarket.
I took off 1/3 again yesterday. A little premature, but have 1/3 left.
I think I might have to readd and go back to a full size.
FB and Twitter looking good for today.
From a weekly chart, I can see where you get a cup and handle.
If you apply O'Neils CANSLIM system, there are some qualities about GTAT that fit.
New exciting tech, increase in earnings and revenue, and a cup and handle set up.
But, the only thing that matters is can it break the 18.50s again, to retest the 19.20s for a legit break out.
I think the main debate is not if but when. I'd like them to report that the last payment from Apple before the Aug 4 filings.
Picked up the aug 17 calls. Figure that give it time to play out with out being to far out of the money.
Trying to clear some more cheddar to add a little bit more..
UPDATE: Soros Sends Letter to Penn Virginia (PVA)
(Updated - June 25, 2014 1:46 PM EDT)
Soros Fund Management sent the following letter to Penn Virginia (NYSE: PVA):
June 25, 2014
Board of Directors
Penn Virginia Corporation
4 Radnor Corporate Center
100 Matsonford Road, Suite 200
Radnor, PA 19087
Gentlemen and Lady:
We are extremely disappointed that, as indicated in the letter we received from Mr. Cloues dated June 18, 2014, Penn Virginia Corporation ("Penn Virginia" or the "Company") has rejected our suggestions to provide additional financial incentives to its management team in the event of a sale. We made those suggestions to further align management's interests with the best interests of shareholders, as we have previously communicated to you our belief that you should explore strategic alternatives as a means to maximize shareholder value. We believe that the optimal means to maximize value is for the Company to be sold. By reasserting in the letter your belief in your operating strategy, it appears to us that you are not going to undertake a formal evaluation of Penn Virginia's strategic alternatives.
As the largest shareholder of Penn Virginia, we are deeply concerned by the Company's recent missteps. Management's presentations at several recent conferences have been underwhelming, culminating in a wholly avoidable revision of its investor presentation type-curve disclosure.1 We believe that these investor relations disasters are the reason why the Companys stock dropped 14.4% from $16.48 on May 29, 2014 to $14.11 on June 10, 2014, underperforming its peer companies by 15% over that period.2
In light of this poor stretch of share price performance, which we believe was driven almost entirely by the Companys disappointing investor-relations effort, we were then astounded by the timing of the June 10, 2014 press release announcing Penn Virginia's proposed private offering of convertible preferred stock. The issuance of this convertible preferred stock was at a significant discount to inherent value and diluted existing equity holders by approximately 21%.3 While the timing of this transaction was particularly egregious, the strategic rationale
was not much better. The Company's intended use for the proceeds of this offering is to finance the acceleration of its development program and increase its lease acquisition effort in the Eagle Ford Shale. Based on managements own estimates for the present value created by this accelerated drilling program, however, it is clear this decision has destroyed shareholder value.
We believe that the shares of the Company are fundamentally undervalued, and that issuing equity or equity-linked securities at these prices to accelerate drilling in the manner contemplated fails to optimize per-share value. Other potential owners of this asset have a lower cost of capital and better scale in the Eagle Ford Shale and are clearly its optimal owners. Regrettably, the boards decision to grow in this dilutive manner indicates to us that it is more interested in empire building than maximizing shareholder value.
The board apparently views this decision as one targeted at building the Company for the long run. But we note that this board of directors has presided over a long period of decline at Penn Virginia, which has resulted in a current stock price that is lower than the stock price ten years ago.4 This record of failure to create value over the long term is not a track record that justifies making dilutive transactions today in the hopes that someday in the future the enhanced scale will somehow benefit shareholders more than a sale today would.
Again, we believe that the Company should promptly pursue a sale in order to maximize shareholder value. We believe there are numerous potential acquirers who would be interested in acquiring the Company at a material premium to its current trading price, as demonstrated by any number of precedent transactions in the industry. Decisions about the future direction of your development program should be left to the buyers, who enjoy a considerably lower cost of capital and can therefore accelerate drilling in a more accretive manner.
The time has come for the Company to put itself up for sale as the surest path to maximize shareholder value. Should you fail to start exploring sale alternatives, we reserve the right to take any and all actions we believe necessary to ensure that shareholder value is not further eroded.
Very truly yours,
/s/ Scott Bessent
Scott Bessent
Chief Investment Officer
Wed, 25 Jun 2014 13:46:18 -0400
Copyright (c) 2014 StreetInsider.com
Related tickers: PENN VIRGINIA CORP (PVA) All News: All News
Back in on the Soros letter. Brought in some volume.
Something happened with the market?
I show about 6 mins of no data on a number of stocks.
Like a 6 min black out, then everything gapped up. Very odd
Nothing worth knowing from the meeting.
Mayer very happy with the 2013 stock performance , says nothing with about the 2014 to date performance.
33.24 last line of defense
http://blogs.marketwatch.com/encore/2014/06/24/401ks-face-crisis-says-nobelist-merton/
Why doesn't he just come out and say what he means. The Government should confiscate all the 401k, IRA and any retirement plan, sweep it into the general slush fund for the Rulers to spend, then give our accounts an IOU backed by T bills.
http://www.marketwatch.com/story/the-almost-3-percent-drop-in-gdp-was-a-one-off-2014-06-25-91073429?siteid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20marketwatch%2Ffinancial%20(MarketWatch.com%20-%20Financial%20Services%20Industry%20News)
How come when I read that I instantly get a picture of Curly of the 3 Stooges saying, "I'm a victim of circumstance!"
InvenSense (INVN) PT Lifted at Imperial Capital on Possible iPhone 6 Win
http://www.streetinsider.com/Analyst+PT+Change/InvenSense+%28INVN%29+PT+Lifted+at+Imperial+Capital+on+Possible+iPhone+6+Win/9609041.html?si_client=intbro
No one interested?
And I added short side to early, oh well..covered and move on like a champ.
I'm here still.
Sold 1/3 yesterday, still holding. I kind of get superstitious, so I don't raaraa the stock.
Sounds silly.
If the last several days is any indication, we should rally and close green again.
These 39.60s are being stubborn.
I thought I was alone with FUEL.
Been sitting on some 30 calls for a couple days, sold out half, rest is riding free.
See where it goes!!
Exactly why I picked a small group of puts. To much expectations..
Yea, well Mayer better have some splaning to do.
6 days under the 200 aint good..
I still think the risk/reward ratio is pretty good.
The Aug or Oct way out the money calls pretty cheap in cost wise anyway.
Yahoo to Hold Annual Meeting of Shareholders on Wednesday, June 25 at 8 A.M. PT/ 11 A.M. ET
Maybe the catalyst to define the direction..
Comparing the open interest as of Friday.
Seems there was a rather large shift in opinion to a bias of moving higher.
Bloombergs BusinessWeek has the most up to date on the OI, than Google of even CBOE.
Anyone have any opinion?
Links for your convenience.
http://investing.businessweek.com/research/stocks/options/options.asp?view=I&expiration=&type=T
https://www.google.com/finance/option_chain?q=NASDAQ%3AGTAT&ei=ilOnU5DoIaGs6QHL5YC4DA
http://www.cboe.com/DelayedQuote/QuoteTable.aspx
Hells to the yea!
I did get worried, epic comeback and big close.
Maybe a gap up Monday?
I did add at the low of the day, almost took some off, but went with my gut and held the line!
If twtr closes green, I'm buy a Barcardi 151+coke for everyeone!!!
18.50s going to be tuff, it hits resistance on a horizontal and a trend line..
Will say this. From a technical stand point, mostly like a bounce Monday from this $18.ish area.
Looking at the 30 min candles, trying hard to hold. Next support is 17.50
Money needs to come back from lunch and push this and the Nas higer.
Tech getting slammed!
They also said that either in 2Q or 3Q they return to profitability.
The put/call ratio is in the shorts favor when it comes to the july 17,18 puts.
I listen to the conference call last night.
As I heard them , 2Q will show in increased earnings over 1Q and 3Q shall show more.
Also found interesting that the they are staffing up rapidly for the Arizona plant, and the demand for sapphire is greater than the supply at this time.
The sapphire wafer has the flexibility as a playing card.
They have new undisclosed tech in the ..um pipline, for lack of better word.
The 2nd half of 14 will be better than the first. And the bulk of their future earnings be in 15
Listening to them, It seems that their guidance is rather conservative and modest .
They talked more about revenue and growth with out respect to Apple.
In other words, sapphire isn't Apple exclusive.
Are you saying this has no chance to get over $19 in the next month before Aug 4?
Apple (AAPL) said to ship 50M smartwatches in first year - Reuters
What's good for Apple good for GTAT.
On page 3 is some iwatch concepts I found interesting.
http://wallstcheatsheet.com/technology/heres-the-latest-evidence-for-apples-sapphire-ambitions.html/3/
Making a cause for gtat to be acquired. No arguments here..
http://seekingalpha.com/article/2277253-shorting-solarcity-buying-gt-advanced-technologies-and-heres-why
Twitter, Inc. (TWTR) to Acquire SnappyTV
http://www.streetinsider.com/Mergers+and+Acquisitions/Twitter%2C+Inc.+%28TWTR%29+to+Acquire+SnappyTV/9597571.html
I could kick myself. I bought the Plug july 5 calls for .40, then got scared out for even money less commission.
Jumped back in on the same calls for .45, but only picked up half as much after the fed spoke.
Oh well, 2 more days of green, IMO
Also added to yhoo and twtr as soon as I saw that loooongg green candle form on the 3 mins..
With all do respect, I don't take any post from anyone on any board for consideration. I also don't prescript to conspiracy theories on why price action happens.
I did add after after the fed spoke.
Hope you made some on this. I sold out yesterday. :(
Was watching to reenter on the gap fill, never happened. Oh well, at least I made something.
Don't thing we going to see anything else till more news about the possible bidding war or buyout.
Plug has got some ravenous zealots.
Will be in full pump mode to help. And a nice short position .