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SRZ, quit talkin to me and trade it! You could have got .20 off of it since you "alerted" the board! With love.
SRZ, what kind of an alert? :)
WATG in the same biz... Along for the ride...
SIRI testing .62 level here.
Scalping NCS right here. In at 2.95 with my finger on the trigger.
NEP a retest of 5.30 in the works.
SIRI movin up... up 4%
NCS with a good PR on Friday:
NCI Building Systems Announces That Major Milestones for Completion of Investment Agreement With Clayton, Dubilier & Rice Fund Have Been Met
-- Transaction to Close As Early As October 20, 2009 --
Press Release
Source: NCI Building Systems, Inc.
On 6:08 pm EDT, Friday October 16, 2009
HOUSTON, Oct. 16 /PRNewswire-FirstCall/ -- NCI Building Systems, Inc. (NYSE: NCS - News) today announced that the major milestones for the completion of its investment agreement with a fund managed by Clayton, Dubilier & Rice (CD&R) have been achieved, and that the Company anticipates closing the transaction as early as October 20, 2009.
NCI reported that as of 5:00 p.m. on October 16, 2009:
•Holders of more than 99% of the aggregate principal amount of its outstanding 2.125% Convertible Senior Subordinated Notes due 2024 (the "Convertible Notes") have delivered valid tenders, which exceeds the threshold of 95% minimum condition to the offer; and
•The Company has obtained or expects shortly to obtain the consent of lenders representing 100% of the Company's secured debt for the refinancing of its existing credit facility. 100% consent is a requirement of the CD&R investment. In connection with obtaining this support, the maturity on the refinanced credit facility is to be modified to 4 1/2 years from 5 years.
On October 9, 2009, NCI announced that it had finalized with its lenders terms for a $125 million asset-based revolving credit facility ("ABL") with an additional $50 million accordion feature, and that the Company had confirmed participation from lenders for the full availability under the facility. The ABL, which has the same maturity as the Company's term loan, had been a condition to the closing of the investment agreement.
"We are pleased to report that we have completed another step toward the completion of our investment agreement with CD&R, " said Norman C. Chambers, Chairman, President and Chief Executive Officer. "Once effective, this comprehensive refinancing will significantly reduce our debt and provide us with the resources to support future growth."
As previously announced, the expiration time for the Company's exchange offer (the "Exchange Offer") and related withdrawal rights for its Convertible Senior Subordinated Notes is 11:59 p.m., New York City time on Monday, October 19, 2009, unless further extended or amended. The CD&R investment and related transactions, which remain subject to customary closing conditions (including continued satisfaction of the 95% and 100% participation requirement with respect to the Convertible Notes and existing credit facility, respectively), could be completed as early as Tuesday, October 20, 2009.
NCI Building Systems, Inc. is one of North America's largest integrated manufacturers of metal products for the nonresidential building industry. NCI is comprised of a family of companies operating manufacturing facilities across the United States and Mexico, with additional sales and distribution offices throughout the United States and Canada.
Important Information About This Communication
This communication is not an offer to sell or purchase or an offer to exchange or a solicitation of acceptance of an offer to sell or purchase or offer to exchange. Any such offer or solicitation shall be made solely by means of the prospectus, related letter of transmittal and other offer documents, as described below.
In connection with the commencement of the exchange offer by the Company to acquire all of the Company's outstanding 2.125% Convertible Senior Subordinated Notes due 2024 (the "convertible notes"), issued under that indenture, dated as of November 16, 2004, between the Company and The Bank of New York, as trustee, in exchange for cash and shares of Company common stock, the Company has filed with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 (which includes a prospectus) and amendments thereto, a tender offer statement on Schedule TO and amendments thereto and related documents and materials. Investors and security holders are strongly urged to carefully review the registration statement, the prospectus, the tender offer statement and amendments thereto and the other related documents and materials filed with the SEC, including the final prospectus described below, when available, as well as any amendments and supplements thereto, when available, because they will contain important information about the Company, the proposed exchange offer and related transactions and are the sole means by which any offer to exchange or sell, or any solicitation of any such offers, will be made.
The SEC declared the Company's registration statement on Form S-4 effective on October 13, 2009. Investors and security holders may obtain a free copy of the registration statement, prospectus and transmittal materials, as well as amendments thereto and other documents filed by the Company with the SEC, at the SEC's web site, www.sec.gov. Investors and security holders are strongly urged to carefully review the final prospectus. Free copies of the Company's filings with the SEC may also be obtained from the Company's Investor Relations Department at P.O. Box 692055, Houston, Texas 77269-2055 or by phone at (281) 897-7788.
Forward Looking Statements
This communication contains forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that may cause the Company's actual performance to differ materially from that projected in such statements. Among the factors that could cause actual results to differ materially are: the occurrence of any event, change or other circumstance that could give rise to the termination of the investment agreement with Clayton, Dubilier & Rice Fund VIII, L.P.; the inability to complete the transactions contemplated by the investment agreement due to failure to satisfy conditions to such transactions (including with respect to the refinancing of the senior credit facility and the convertible notes); the failure of the transactions discussed herein to close for any reason; the outcome of any legal proceedings that may be instituted against the Company and others following the announcement of the investment agreement, the transactions contemplated thereby, including the convertible notes exchange offer; risks that the proposed transactions disrupt current plans and operations and the potential difficulties in employee retention; industry cyclicality and seasonality and adverse weather conditions; ability to service the Company's debt; fluctuations in customer demand and other patterns; raw material pricing and supply; competitive activity and pricing pressure; general economic conditions affecting the construction industry; the current financial crisis and U.S. recession; changes in laws or regulations; the volatility of the Company's stock price; the potential dilution associated with the convertible notes exchange offer; the Company's ability to comply with the financial tests and covenants in its existing and future debt obligations; the significant demands on the Company's liquidity while current economic and credit conditions are severely affecting its operations; and the uncertainty surrounding the transactions described herein, including the Company's ability to retain employees, customers and vendors. Item 1A "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended November 2, 2008, and the section titled "Risk Factors" in Exhibit 99.2 to the Company's Current Report on Form 8-K filed on September 10, 2009 each identifies other important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. The Company expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any changes in its expectations.
I feel for ya Len... That is usually my spot.
DIVX was the one I was thinkin of. I just found it...
Now I can see why whoever was covering it hasn't said much about it lately... Been a laggard for sure...
Break of $6 and it could get interesting. Good cash position with 0 debt.
http://finance.yahoo.com/q/ks?s=DIVX
Worthy of the o' watchlist.
BUSINESS SUMMARY
DivX, Inc., a digital media company, engages in the creation, distribution, and licensing of digital video technologies to enhance consumers media experience. It primarily offers a video compression-decompression software library (codec), as well as consumer software, including the DivX Player application. The companys technologies enable users to compress, secure, and distribute digital video and participate in its digital media ecosystem. It offers various consumer software product bundles, including DivX for Windows, DivX Pro for Windows, DivX for Mac, and DivX Pro for Mac bundles. It also sells DivX mobile player that allows users to playback DivX videos on their handsets from various sources; and DivX Author for the Windows operating system, which allows users to combine and edit multiple videos into a single DivX video, add the features of the DivX format, and create slideshows with videos, photos, and music. In addition, DivX, Inc. provides technology licensing for independent software vendors, consumer hardware device manufacturers, content creators, and consumers. Further, the company offers certification programs to integrated circuit manufacturers, original design manufacturers, original equipment manufacturers, and software vendors. Additionally, it provides open video system, a hosted service that allows content creators to deliver its video content over the Internet; and advertises and distributes third party products. The company was incorporated in 2000 and is headquartered in San Diego, California.
ETFC, Anyone else like it here? A move over 1.80 should at least retest the 2.00 level. A break of 2.00 would heed some serious attention... IMO
I think Citadels actions are the key indicator for this one... They have a ton of shares and I think I read a story about them wanting to get under the 10% ownership level. I don't know the details of that nor the credibility. Anyway, they have been active lately to say the least:
http://data.cnbc.com/quotes/ETFC/tab/8.2
SIRI, chart looks great. Going on the watchlist for sure. A break of the 50dma and trendline at .62 should be tradeable.
Great stuff yet again land. Thanks for continuing to post this one...
MSGI, vague question
Didn't you cover a stock a while back called Digital something or something Digital? I can't remember much about it, obviously, but I wanted to take a look at the chart. I am not even 100% that you were the one watching it... Thanks.
NVDA trading in a good range since december. 13'ish could be the bottom of this down turn...
Question for the board!
Where is the bottom for STEC????
I got stopped out on the last trade, but would like to play this one again because I think there is plenty of upside potential once it turns...
I am taking all guesses, and will have dc calculate the winner once it is all done. (Special thanks for dc to agree to this deal.) ;)
my guess: 22.50
RDN, yahoo has the same numbers. (least reliable around, but...)
NEP up 12% (5.22), nice move\breakout today:
Last piece of news that I know about...
Huge Volume for the stock.
NCS, chart does look to be setting up for a nice move. Don't care for the huge dilution, but the stock has been trading for months with this knowledge... (baked in). Small OS with huge short position can = fireworks. I will certainly be watching. Thanks for the mention.
Housing, thanks for the article steviee. I am watching....
$BDI not sunk just yet:
I don't care how good the fundies are, a correction was due and very much needed for the long term health of the chart. IMO. From 3.50 to 42.50 in less than a year.
I hope this current level of support holds, obviously, but I wouldn't be all that suprised to see it come all the way back to 15.
Anyway, the reason why I asked you about the fibs was for the exact reason you spoke of. I wasn't sure where the best starting spot was. I looked at 3 different spots and couldn't really get a feel for any of 'em.
Maybe this one last tidbit will help you have a little more faith in the technology. (so that you can trade the chart with more conviction)
I got this off of EMC's website:
http://www.emc.com/collateral/analyst-reports/esg-brief-symmetrix-flash.pdf
"So, what happened?
Solid state storage has been around a long time. The lack of mechanics in such „drives‟ makes for an attractive combination—headlined by blazing speed, and supported by compactness and attractively low power consumption. However, the technology has remained a niche market over those many years, due largely to issues of credibility, write performance and potential reliability concerns in heavy usage environments—as well as a much higher cost per comparable capacity versus standard mechanical disk. Claiming to have addressed these reliability issues (with specially produced components from STEC), EMC is introducing their „Tier 0‟ storage option as an integrated part of the Symmetrix offering aimed squarely at those high-end shops for whom there is never enough performance. In short, they are taking solid state technology into the core data center storage mainstream. The solid state news is clearly the main item of the announcement, but the other announcements are also relevant to EMC‟s broader strategy."
STEC, did you read the seekingalpha article today?
Promising Future for STEC
http://seekingalpha.com/article/165456-promising-future-for-stec?source=yahoo
STEC... Stop is at 25.95, hopin 26 can hold... I didn't buy much and wouldn't mind adding if it shows strength around 26... Do you have a fibonacci level you are lookin at???
Futes up biggly so far...
http://www.bloomberg.com/markets/stocks/futures.html
STEC, how low you lookin there girl? And I thought I had a good entry at 28 on monday.... :) Guess that is what makes a market. ;)
DPDW, I haven't played this one for a while, but I like the chart set up and the new influx of news. Took a year to carve out the bottom, but it looks like it may have finally been put in. IMO. Some more volume and a close over .17 looks good for a trade to me....
Break a leg.
NEP, seems like too good of a deal doesn't?
China North East Petroleum Acquires Oil Drilling and Services Company
-- Acquisition Expands Company's Vertical Integration Within China's Oil E&P Industry --
Press Release
Source: China North East Petroleum Holdings Limited
On 8:36 am EDT, Thursday October 1, 2009
Oct. 1 /PRNewswire-Asia-FirstCall/ --
China North East Petroleum Holdings Limited (the "Company" or "NEP") (NYSE Amex: NEP), an oil producing company in Northern China, today announced that it has acquired all of the equity interest in Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng"), an oil drilling and services company based in Song Yuan City, China. This acquisition marks NEP's expansion into the oilfield services industry and enhances the Company's vertical integration within China's private oil exploration and production (E&P) industry.
NEP paid USD$13.0 million in cash for 100% of the equity interest in Tiancheng. Due to PRC legal restrictions, 5% of the equity interest has to be held in trust for the benefit of NEP.
Tiancheng is a leading oil drilling and services company with seven rigs in operation. With approximately 320 employees, it has the capacity to drill 220 wells on an annual basis. Tiancheng is the largest of three PetroChina- licensed private drilling operators based on the total number of drilling rigs. The company counts PetroChina and two private oil producers as its main customers. PetroChina represents the majority of the company's revenue and NEP has not utilized Tiancheng for drilling services in the past. In 2008, Tiancheng generated revenue of approximately $14.7 million, net profit of $5.2 million and was cash flow positive from operations.
"We are extremely pleased with this acquisition, which transforms China North East Petroleum into a more diversified oil exploration and production company," commented Mr. Hongjun Wang, President of China North East Petroleum. "We believe that the vertical expansion of our business into oilfield services will increase our competitive advantage and provide us with an opportunity to capture additional business from China's state-owned oil companies, who continue to invest heavily in the drilling and services sector. This agreement allows us to better develop lease opportunities with China's SOE's at terms that are more favorable for our company. Further, possessing in- house drilling rigs can accelerate our drilling schedule and lower operating costs. Tiancheng has generated consistently solid financial results, including operating margins in the mid-40% range, net margins in the mid-30% range and steady operating cash flow."
"With the addition of Tiancheng, we are building a platform that strengthens our relationships with SOEs, enhances our business development opportunities, reduces our exposure to oil price volatility and further establishes NEP as a major player in China's private oil E&P industry. We look forward to providing our shareholders with an update on our business in the coming weeks," concluded Mr. Wang.
ABOUT CHINA NORTH EAST PETROLEUM
China North East Petroleum Holdings Limited is an independent oil company that engages in the production of crude oil in Northern China. The Company is a pioneer in China's private oil exploration and production industry, and the first Chinese non-state-owned oil company trading on the NYSE Amex.
The Company has a guaranteed arrangement with the PetroChina to sell its produced crude oil for use in the China marketplace. The Company currently operates four oilfields in Northern China. For more information about the Company, please visit http://www.cnepetroleum.com .
Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission.
For more information, please contact:
United States:
Chao Jiang
Executive Vice President of Finance
Tel: +1-212-307-3568
Email: chao.jiang@cnepetroleum.com
Bill Zima
ICR, Inc.
Tel: 203-682-8200
China:
Yang Dio Zhang
Chief Financial Officer
Tel: +86-451-5558-0253
Email: dio.zhang@cnepetroleum.com
UNG, just can't break out... Frustrating to say the least... Had high hopes after yesterdays close and todays big market day. Get home and check the chart......... RED???? Oh well, we continue to hold. Thanks for keepin an eye on her.
UNG, not just yet, but it is actin like it wants to!
This has been a never ending trade for me.............
Starter position started in the 14's!
Ended up averaging all the way down to 11.02 after all was said and done. (yes the majority of my portfolio ended up in this POS!)
Lookin to take some off if we can ever get this first break out...
I am off to Oklahoma to play some Texas Hold'em. Break a leg, me!
UNG 12.02.
UNG trying to break this 12 level...
Welcome back Queen B.
Excuse my ignorance, but does that mean they can now unload those shares on the open market? tia
CVM, can someone smarter than me decipher the codes?
Today's S8 filed:
http://www.sec.gov/Archives/edgar/data/725363/000100487809000226/s8sept09.txt
$BDI moving back up as the market turns down...
Amazing how that news just happened to leak about Apple.......
ABAT, good thing neither of you held any. That news leak today came just in time..............................
Advanced Battery Technologies, Inc. Announces $19 Million Registered Direct Offering
Press Release
Source: Advanced Battery Technologies, Inc.
On Wednesday September 30, 2009, 6:30 pm EDT
NEW YORK, Sept. 30, 2009 (GLOBE NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT - News) announced today that it has agreed to sell common stock and warrants to institutional investors in a registered direct offering. The closing of the offering is expected to take place on or about October 5, 2009, subject to the satisfaction of customary closing conditions.
The investors have agreed to purchase 4,592,145 shares of common stock and 1,377,644 common stock purchase warrants. The warrants are exercisable at any time after the closing date, at an exercise price of $4.70 per share, and will expire in five years. The aggregate gross proceeds in the offering will be approximately $19,000,000.
Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq:RODM - News), acted as the exclusive placement agent for this transaction.
A shelf registration statement relating to the common stock and warrants to be issued in the offering, and to the common stock underlying the warrants, has been filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. There shall not be any sale of these securities in any jurisdiction in which such offering would be unlawful.
Ice fishing?