Lovin' it !
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.
#1 The DS actually has been approved.
#2 When you say that the "POR does not meet BK standards for approval so the Judge will deny it", does that mean that she will deny it just like she was going to deny the DS that supposedly didn't meet BK standards???
LMAO!!!
Nice visual aid.
: ^ )
I had an AON order in at .20 when the B/A was .15 x .25 for about an hour, but I couldn't get filled, so I decided to just hit the ask at .25 .
Just bought some INFN $9 Nov calls at .25 .
If it does swing back up, I think those calls should move nicely.
Thanks for the info.
Have a good day!
Nice call!
I tried shorting it at $4.71 but ETrade wouldn't let me borrow any shares.
: ^ (
Dat was me. My nickname is Jackson. I had to email them back with my real name and address, but the book will supposedly be mailed out in a "week or so".
LOL
I'm just glad that I have the Fast Money e-mail address as a contact in my hotmail account, but I'm surprised they gave me credit since I have sent them numerous emails before ripping on Dr. J about pumping AKAM and other stocks. LOL
Woot woot.
I just won a signed copy of Anthony Scaramucci's book "Goodbye Gordon Gecko" from a Fast Money contest.
Guy Adami said that the first person to contact the show and correctly state who Mary Ellen Moffat was/is would get a signed copy of Anthony's book.
I immediately sent them an email that stated "Mary Ellen Moffat is the woman from Jaws that broke Hooper's heart."
LOL
Right after that a family member asked me if I wanted to go see the second Wall Street movie tonight.
Weird.
So Tracinda is dumping 27 M in addition to the 40.9 million MGM is dumping
MGM Resorts announces 40.9 mln share common stock offering; Tracinda is offering ~27.78 mln sharesFont size: A4:38 PM ET 10/12/10 | Briefing.com
Co announces that it is offering 40,900,000 shares of its common stock and that its largest stockholder, Tracinda Corporation, is offering 27,782,000 shares of its common stock pursuant to an effective registration statement. Barclays Capital Inc. is the sole underwriter. MGM Resorts International intends to use the net proceeds from the sale of the common stock for general corporate purposes, including the repayment of debt. MGM Resorts International will not receive any proceeds from the sale of common stock by the selling stockholder. ,
and then there is this...
" 14:42 PM ET MGM Resorts Bd Has Authorized Submission Of Offer To Boyd Gaming
Dow Jones "
What was there, like 20 articles put out in 10 minutes? How about some message control???
LOL
No matter what though, MGM is a POS and it will tank more imo. It's a buy around $10 and a sell between 12 and $13.
3Q loss of 72c AND they are dumping atleast 40.9 Million extra shares into the mix. Crappy numbers AND a dilution of almost 10%. There is one headline that just hit the wires that states that 69 million shares are being offered.
I don't know which story has the correct # of common shares being offered, but it is way overpriced at 13 bucks/share, and it should be down more imo.
LOL. Top of the morning to you fine sir.
West Melbourne police use Taser on naked jogger
http://www.floridatoday.com/article/20101011/BREAKINGNEWS/101011007/1086/West+Melbourne+police+use+Taser+on+naked+jogger
*********************************************************************************************************************************************
I recently picked up March 2011 $6 C calls @ .05 .
That's the extent of my financial holdings.
If C tanks in the upcoming months, I'll pick up some Jan 2012 $7.50 calls that are currently going for about .15 .
LOL
That's an interesting perspective, but I personally do not believe in giving the Government the power to force someone to do something, especially forcing someone to go to war.
I agree, and definitely believe that spending cuts AND tax increases are needed, however, I don't think that's going to happen anytime too soon(even if the Rs regain "control").
On a different note, I also feel that it's a shame that there was not a "war tax" put in place 7 years ago. It would have been interesting to see how many people thought that the last Iraq war was a good idea if they actually had to pay for it "now".
I just wish that "they" would go BIG or go home.
Any real economist knows that the problem with the last stimulus bill was that it simply wasn't BIG enough.
Also, we’re not going to stop printing, so we might as well spend the fake money on something HARD.
Whether people want to admit it or not, we needed, and still need, and HUGE STIMULUS BILL that focuses on nothing but INFRASTRUCTURE, and I'm talking trillions.
If that happened, we would at least have solid infrastructure in place when we default on our obligations (which is ultimately inevitable imo). If we don't drastically improve our infrastructure, when we do default, the deterioration of the country and society is going to be much more devastating than it otherwise would have been.
I think it is clear that the genius of Greenspan, Volcker, and Big Ben didn't produce results that most people should be happy with.
To their credit, the entire monetary system is a complete joke, so I guess their options are limited.
I don't hate them, and I don't hate government, but I do hate liars and manipulators, and unfortunately many members of Congress, and yes the Government, fall into one, or both, of the above categories.
LMAO.
He needs to be sentenced to life in prison with semi-daily, swift, repeated kicks to the nut$.
Ben is currently trying to figure out the best way to screw every single American with their pants on.
: ^ (
LOL .
Where's my turkey pot-pie b!tch!?!?
The shorts don't have to cover, and even if they did, setting a ridiculously high GTC order wouldn't do anything.
Setting a high GTC order to "force the shorts to cover" is simply an urban legend.
WaMu and WMI combined (per their own audited financials and SEC filings) only had about $4.5 - $5 billion in cash on hand, and actually WMI is claiming that all of that cash is/was theirs and not WMB's. That wasn't even close to enough cash to absorb losses considering the immense size of the balance sheet. There was not "excess" capital or "$20 billion" that is "missing". Talk of $1-$10-$20-$50-$100 per share is complete and utter ridiculousness.
Creditors win and equity loses, and one can only hope that those that claim to have "learned" so much over the past 2 years actually do learn something when this is all over.
2 times zero still equals ZERO .
Just "DD" by "THE NUMBERS".
The examiner will not be "saving" equity.
The examiner will confirm that the Global Settlement Agreement adheres to THE LAW and will not be equity's "saving grace" as many people had hoped.
The EC = meaningless bystander.
I am sticking by my "DD and THE LAW".
Commons get zilch, zippo, nada, etc.
NUMBERS DON'T LIE !
Rosen will stay right where he is. Many people, including good old Bopfan, have been claiming that Rosen is breaking the law and will have charges filed against him and yadda yadda yadda, but that simply isn't true.
Rosen will continue practicing law just as he always has, and there isn't anything that anybody can do about it.
Susman gets to sit back while the creditors pull their chairs up to the table and eat THEIR CAKE , but I guess that is old news as well.
By the way, for those who think that Paulson's call to Bonderman was related to fraudulent activity, you can think again. Bonderman was not willing to inject any more capital into WaMu.
"21.1 Treatment of WMB Notes Claims
(a) Class 17A – WMB Senior Notes Claims: Class 17A shall consist
of WMB Senior Notes Claims. Commencing on the Effective Date, each holder of an Allowed
WMB Senior Notes Claim shall receive, in full satisfaction, release and exchange of such
holder’s Allowed WMB Senior Notes Claim, such holder’s Pro Rata Share of BB Liquidating
Trust Interests (which interests, in the aggregate, represent an undivided interest in WMI’s share
of the Homeownership Carryback Refund Amount, as defined and set forth in Section 2.4 of the
Global Settlement Agreement, in an amount equal to Three Hundred Thirty-Five Million Dollars
($335,000,000.00));"....
page 61 of the PDF (which is page 47 of the POR)
"26.1 Cancellation of Common Equity Interests: Holders of Common Equity
Interests shall receive no distribution under the Plan. On the Effective Date, all Common Equity
Interests shall be deemed extinguished and the certificates and all other documents representing
such Equity Interests shall be deemed cancelled and of no force and effect. "
Page 65 of the PDF (which is page 51 of the POR)
http://www.kccllc.net/documents/0812229/0812229101006000000000004.pdf
A FACT OF LIFE :
After Monday and Tuesday,
even the calendar says W T F !
Indonesian toddler quits smoking after therapy
http://www.earthtimes.org/articles/news/342342,toddler-quits-smoking-therapy.html
Shocking! 2-year-old Indonesian Baby Ardi Rizal smokes 40 cigarettes a day *UPDATED* (Widescreen)
MTSN = down 14% + . Might be worth watching.
I got in a 25% scalp on WAVE, and now I gotta go !
Hope you are well!
Well Mr. President, have fun watching your market value disappear.
Those that are buying in at this range are going to lost approximately 40% of their market value in the short-term.
When it crashes, it is going to CRASH HARD. It will definitely see the 12-15 cent range again.
Congrats to those who sold!
The next bounce play will be between .16 and .20 . By the way, I thought this was never going to go to .28 ???? LOL
CEMJQ is STILL OVERPRICED at 36 cents. It is more than unfortunate that a lot of people bought into the lies about the reality of this case and subsequently bought shares at much higher prices, but I guess people get what they deserve. However, to say that nobody saw this coming is just a lie, and remember, NUMBERS DON'T LIE..... PEOPLE DO .
The examiner's findings will be in line with the findings of the PSI and DOJ which will show that many of WaMu's loans (which were classified as "assets", "assets" whose value was over-reported by WaMu) were fraudulently originated , and if the true value of the "assets" were actually reported, then it would have been clear that WaMu was indeed in the red. They owed more than they were worth, even though they said that they were worth more than they owed. The absolute most you will get for your WAMPQ shares is 10 bucks. Nothing will change that.
The DS/POR is not dead, there have been no other plans put forth, and the debtors' DS will get approved as will their POR.
Also, did you happen to hear the TRUTH about the NOLs/refunds (like I have stated in the past) during the most recent hearing???
Have a nice lunch!
Another Broward Commissioner Charged With Public Corruption
Updated 9:58 AM EDT, Wed, Jul 7, 2010
http://www.nbcmiami.com/news/politics/Another-Broward-Commissioner-Faces-pending-Arrest-97872009.html
lol
Old school baby.