I like to GNR8NRG
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I think with will but with a 'Q' at the end...
WaMu still traded (pennies) and later became COOP after BK
Lehman still traded for a long time
Fannie and Freddy still trade today. .20-.30 cents before going up towards 5 bucks and back down to .45 today.
Had a non finance stock that left 'warrants' to buy stock in the new company. Tronox which had shares under .10 end up being worth 2 bucks when the company came back.
So it will be interesting to see what happens and if the ticker trades and with a 'Q' at the end.
Some of the examples I mentioned worked out but most don't...We will see what happens over time here.
Chomp, chomp, nom nom nom...Yummy lol
So a Wamu moment not a Bear Sterns moment...Got it.
Crammer saying JPM wouldn't touch this thing makes think they are buying the whole thing for 150 lol
Cycles...History...Hummm Crammer did say too early and read the room so...Maybe a 'they know nothing moment' after his fishing trip...Hummm Pieces in place first
Bear Sterns down to around 2 bucks sold to JPM @ 10
Lehman (the sacrifice) to get the crash really falling hard and gift other banks like...
Merrill Lynch shotgun wedding to BofA could have got Lehman way cheaper...
WAMU the bank assets (no trash all good) for 2 billion to once again...JPM who actually made an offer for 8 bucks a share earlier when the stock was trading higher which erodes confidence
AIG about to go under...Wait that would END Goldman for good so government steps up.
Oh forgot to mention Fannie and Freddy...
Just before all that happened oil hit 150 a barrel...Hummm oil and inflation heading back up...
The game is rigged but it you understand the players and the rules and which ones will break the rules then you can make money playing accordingly. Pay attention, remember HISTORY and KNOW nothing happens on 'the board' until the pieces are 'set'... The BIG Short is interesting to watch with the board game and pieces in mind...Good luck and happy trading
Like a Bear Sterns moment in time...
That SUCKS...I got lucky 500 shares a hair under 35 and sold 37. Saw it do that a few times and when it hit 39 I was going to buy 1000 if it hit 35 again. Then I saw the halt and thought it's open 60-80 and I missed out.
I thought SIVD is a holding company and SVB is an asset (now liability) in that holding company. Will look deeper this weekend. I had WAMU and that was quite the mess as the 'bank' asset was sold to JPM and the holding company went into BK. Bear Sterns, Lehman, WaMu, Fanny and Freddy all come to mind and all had different outcomes for SHAREHOLDERS both in the immediate (tradeable cheap shares that I averaged down and actually made money from Lehman and WaMu after BK buying pennies and selling higher once I saw a pattern/trading range)
This has a 52 week high of almost 600 and a low of 100 but over 11 million shares traded under 60 and most under 40 in the pre-market. Friday's put expirations are screwed because the stock didn't trade but if it doesn't trade Monday then maybe there's more news to come. I thought I saw a few hundred thousand shares trade after the halt and that was 40-60's range. So who knows what happens, but once/if it opens it's going to be an interesting ride as shorts cover and short again, traders trade, some go long and time will tell. Many eyes were on this after a 60% drop and when I saw it fell more than another 60% I saw an opportunity. Now millions more will probably be watching this stock to see if it trades. If I jump back in it will be with the intention to 'flip for freebies' or just catch the momo. If my 17500 got cut in half I'd probably become obsessed (like I am with BHC) and try to juggle the falling knives. Good luck in whatever you do and I hope you're able to use this experience to your advantage. My losses made me better and gave me the teeth and claws and a never give up (kept investing and got lucky in other stocks) that helped me dig out from 2008. This is feeling like early stages of that time unfortunately. (Bear Sterns) The BIG players don't react right away. (Big Short is a great watch/reminder right now) (even covid was spreading and the market didn't react til LOCKDOWNS but we all thought the market would fall and then it was a cinder block thrown into the deep end. Crammer made a comment about too soon and read the room. So I think we get one more inflation push where oil hit's 150+ a barrel and that is our 'lockdown' moment. Musical chairs with 100 people getting up but instead of 1 chair being removed it will be 95 removed. Not doom and gloom but a flush to pop/reset from the bubble created since the Great Recession. Whoops I went on a rant there, lol Smile, be happy but that is easier to do when profiting and not having uncertanity.
PS Just wanted to share my past experiences and let you know you're not alone.
Going to be a very interesting week...Is this a Bear Sterns moment or a Lehman/WaMu moment...Maybe a Fanny/Freedie lol
I could see this as some powerful people wanting to halt the FED and this was their sacrifice. I live in the North Bay and I don't think people realize how bad this could go. Jobs fire people because they have no access to those funds during an unwind, which makes me think of a BAC/Merrill moment like a shotgun wedding. Amazon/Google our next savings and loan institutions maybe Facebook oh I mean Meta?!? There's got to be some obstacles/red tape keeping them from buying but...600 52 week high stock I traded 35-37 Friday before the halt and I did witness a few hundred thousand shares trade in the 50's-60's range later and thought it had reopened. Really interesting to see how this current government handles this. I just think of Pete B. as Transportation Sec. and fear what new name I'll never forget that comes out to deal/handle this. Now is the time for leadership so lets see who steps up without playing politics. OK they can play politics but STEP UP and lead first. I'd bet it's Silicon Valley that steps up before any government official. The past 3 years tells me it's time to remove government and have state rule. BOTH PARTIES SUCK! lol
BHC hit 7.87 Friday so looks like the gap filling will happen next week if no news. Traded some SIVB 35 buy/37 sell (500 shares) before it got halted in the pre-market and it had a under 35 above 37 pattern for a few times before they halted it. Going to be an interest week next week with the 16th largest bank currently and I read 2nd biggest to be seized (WaMu/Lehman?)
I see it possibily creating that 25% or more crash or we go up thinking the FED goes quarter point. Though BHC broke out of it's old trading range 6-7.50 it could easily not find it's new trading range with an overall market correction. Trade accordingly
Thank you...It IS a great plan...Looking forward to trying this elsewhere. =)
You explained this to me in BHC before covid. You also had a post talking about politics/media and the need for a correction. This was in 2019 and boy did we get a correction. Looking forward to catching up on your thoughts of the overall market as I read some of your past posts. Thank you
4 years later and I'm still talking to myself. Oh and replying LOL Digging up old info just in case it's needed.
The old 22-26 range...This stock sure does like finding trading ranges. =) I remeber one time it decided to stop hanging out in the range and ran up, up and away. Yet here we are today much lower. I guess buy and hold isn't what it use to be when my Grandpa bought me some at birth in 1971...Well all the government/FED intervention just means you learn the new rules and play within their game. As a Fannie/Freddy/WAMU and Lehman trader/investor/gambler you begin to see things in another way...A game of musical chairs but more than 1 gets pulled when the music stops. Focus on what you want, smile and enjoy the ride as best you can.
Oh all of this is IMO but Interesting action on the FED .5 rate cut and what happened looking back in time...down/up/down and look how high BHC share price was. 18 floor 22-24 trading range and 26.50 the ceiling...Well then tank to low 11with lockdowns and yet it climbed back up into the 30's off the spinoff news and then TANKED all the way to 8 on that not going well then topping off around 11 before the SUPER TANK to 4 thinking we'd lose XIFAXAN to generics but the hoops needed to do that will probably keep our exclusivity also IMO. Only time will tell even if the PPS doesn't at this time.
More past numbers to keep in mind. I think we topped out around 11.15 after we fell from that mess we called an IPO. If BHC shareholders don't get 80% of BLCO I think these numbers from years ago might prove helpful in any future action needed.
Looks like the 26/26.5 was accurate as this puppy likes it's floors and ceilings. Got a LONG WAY to get to the old ranges but anything can happen. Selling Solta if it's doing good now that the world is open (Hello China) would really give us some gas to shoot for the old trading ranges. =P If 88.7% of BLCO are held for another year then maybe we get back to 20's if BLCO PPS gets the old valuation that Crammer pumped before BHC dumped. Hummm. Need to keep a list of his picks and buy them a year or so later. lol
A post of mine from over two years ago talking about a past golden cross getting a 40% POP
After the POP from BLCO's new CEO we went down to around 8.60 the day before ER and hit 10.23 before the first half hour of trading. (Almost 20% gain) Closed Friday (2/24) @ 9.57 The 500 DMA crossed over the 200 DMA but the 200 was desending so not sure if that's a golden cross or not. However BHC hit 7.10 around 2/12 or 2/13 which is almost a 45% gain. This could go either way and try to run 75% around 12.5 which would be more than 200% from it's 52 week low of 4. With Almost 71% held by instituitions according to TDA and less than 7% short interest. The chart also shows a gap between 7.50 and 8 so that could fill too. That BLCO (18.33 currently) distribution makes me think, (9.18 for 50.1% & 14.66 for 80%) and we're trading like 50.1% is possible (BLCO short interest 15.5% and 12.6% inst. owned) and after that we'd fill that gap and maybe make a new low but might hold 4 in anticipation of getting 29.9% more in a much later time as the company uses the other 8.7% of BLCO shares to pay down debt... Will plan to trade accordingly while keeping a core for an unexpected event. Basically 'flip for freebies' Good luck
Broke up above 9 =)
Got down to around 7.10 Monday 2/13/23 so I think 6's are gone for good as we find a higher 'trading range' as the 6/6.5 to 7.50/8 one comes to a close. Could see it going down to 7.5 to close that gap but could also see it run away close to 12.50 so I'll be playing accordingly.
Still trading it but it looks like it broke out a bit so probably won't go down to 6's again but who knows. Whole market could start another leg down this week but maybe the temp bottom is in for the year but I doubt it. BHC is trade worty until it finally breaks free of this trading range with some good news.
I jumped in Monday on the DIP and bought Jan calls 10/12.5/15 made over 100% on the first two and broke even on the 15's
Would have kept the 10's but I have losses in my account overall so taking a 2100 profit after two days was too good to pass up. I thought it'd hit 14 tomorrow but these markets MOVE quickly one way or another and options are tricky sometimes. lol So Merry Christmas
Selling the 7.80's in the AH was great as it opened 7.50 and went below 7. I bought back at 7.20 and just sold most of my calls and shares in the 7.90's range but bought some other ITM calls as I expect it will keep going but I needed to lock in some profits for losses when we dropped below 20's Trade accordingly and had gotten my average to below the bounce when the IPO didn't go as planned but bought WAY too many shares/calls on this roller coaster and needed to derisk overall. 80% cash and willing to buy if we fall back into that old trading range but hopefully we will put those numbers to bed before the end of the year. Trade accordingly.
Up almost 15% in the AH. 6.82 to 7.80's. Got lots of ITM calls so I sold my shares, most 7.84 because of a 'trading range that use to be buy 6.5 sell 7.5 but maybe with the news that 15% will be 25% 8.50's and much higher over the next few days but they also might try to fill any gap but we were under the 50 dma @ 6.95 and 200 dma is 11.83 so maybe a run goes 75% like the old days which would be just under 12 which is around what the BLCO shares are worth @ 14.56 Happy trading and good luck. Might be an EXCELLENT early Santa Claus rally for BHC. Wwweee
I figured 5 bucks is where BHC would trade AFTER the distribution so I've loaded the boat before the judge rules, settlement or distribution. The only thing that has happened in the past year is the HORRIBLE timing of the BLCO IPO at a much lower price but only 10%... Stock was at 30 under a year ago and it was expected to go much higher on IPO but TIMING is everything. I'd say adding under 5 is great timing for buy and hold even if the Recession hits really hard. This is a Depression price IMO. Depression for those already holding before last weeks fall. Yes I was one of them. lol
Bought some 7's for this week (.36) and saw we popped in the AH to 8.40's. Can't exercise in the AH and wanted to lock in that almost 300% gain by shorting the shares directly in the AH and covering with my 7 calls but I've got no clue if that's how it works. lol Ever do anything like that?
Smart and sounds like a good plan.
I've only bought calls and sometimes puts. Haven't sold calls or puts as I feel too new to options and don't want to mess up. I think I accidently sold something once and I noticed it immediately and I made sure I bought it right back.
I assume a 'covered call' is selling the call of the shares you own. Example Buy 1,000 shares of TEVA @ 8 you sell the weekly call of 8 (10 contracts) so if the stock goes down you make money on the option and if it goes up against you the shares balance a gain to what you could lose on selling the option.
Under 8 bucks again...
Have to go up 50% to reach where we were a month ago. Should have just cancelled the IPO
Well now we will see what B&L can do away from BHC/VRX
Hit a low of 18.20 with IPO not being as big (10%) and the range (21-24) being too low for big debt payoff. Oh well...At least we will get to look at B&L as a separate company.
Looks like 18 may happen if no IPO soon and 14 had a lot of action looking at your chart if it is officially postponed. Timing is EVERYTHING and IPO window isn't looking good with overall market and current PPS of BHC.
Change ticker to FUBR
Looks like when 10 broke they took her out to the woodshed and...YIKES!!!
Good call right back to new lows and overall market plunging and pink sheets won't be doing Didi any favors.
Down to low 46... FDA delay and overall market may take it even lower...Was 4 bucks I think before covid so...YIKES!!!
I've got no idea what may or may not happen. I know I got mailed a DIMEQ check and I didn't open it for months because I thought it was junk mail. lol
Honestly the PPS on JPS is the lowest it's been since 2012 after SCOTUS this past Summer. It has a history of climbing back up and were in a better position (retaining earnings)than I think we were long ago.For the past 5 years we traded around .20 on the dollar and higher but are .07 currently...So it will go up and down as it climbs back up and POPS if we get any good news. Might be a long slow slog back up and in a decade be released...Or something happens and we jump so fast that the boat is gone already. Could also get wiped out but I think not.
One year later....
Well that would be a 100% gain from here.
Wow people here again?!? OK not really with 10 total posts in 2021 but....I expect a global settlement in 2022 will liven this place up.
With the beating the market took after FED I'm shocked we didn't break back down to 8. Was hoping we could BUST through that 8.5 and stay above but...at least it got above 8.60 for a little bit today. Looks like a range and had we won in court the ceiling would be 10.20's instead of 8.60....Settlement if favorable which I expect, should create a lot of POPS and DROPS but doubt we go back under 10 whenever that happens. Could see us touch 5's if overall market forces some others to have to sell to cover other stuff but should recover. I don't think were going to BK but I wouldn't doubt some 'rumors' spread to force a fire sale for a few days before an actual settlement.
I'm not a chartist but looking at how hard they all fell after Summer of SCOTUS it looks like it's slowly creeping back up them stairs with POPS on occasion. So even with market bloodbaths possible. These could be a nice steady climb until 'news' good or bad.
Always good to hit the gym. I remember when listening to court when Rosen said shareholders would be wiped out and I had watched my account go from up 40K that day to -110K in no time flat. Tried selling as it fell which didn't work so tried buying on the bounce which also didn't work. So....Closed my laptop and went to my dental appointment early. lol Made money and moved from commons to P's after that. The gym is a great distraction from acting on one's excitement/fear
When 'Wild Bill' exited VRX now BHC it hit it's low of 11's and then went up and was over 30 not long ago. Shorts cover when the big dogs leave because it's usually a rival using minions to short to hurt the rival.
Honestly over the last 18 months...I'm not so sure either.