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Found this interesting, not so much for GGP, but gives some insight to Ackman. He's got a set on him that's for sure.
Thought it also interesting that Ackman's number is on the bottom of this letter. Anyone want to call him and ask him what his REAL plans are, i.e. taking over GGP/Rouse and adding Target REIT's to his portfolio which includes Borders, Barnes and Nobles, Sears, Wendy's... ? Target's board shot down him and his recommendations for new board members I see. Anyway, Ackman sure isn't afraid to put in his 2 cents worth when it comes to the big boys in the govt. (This is from Sept. 2008):
Pershing Square Capital Management Releases Letter to U.S. Treasury Department Regarding Fannie Mae and Freddie Mac
NEW YORK, Sept. 6 /PRNewswire/ -- Pershing Square Capital Management,
L.P. sent the following letter to the U.S. Treasury Department regarding
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE):
September 5, 2008
The Honorable Henry M. Paulson, Jr.
Secretary United States Department of the Treasury
1500 Pennsylvania Avenue, N.W.
Washington, D.C. 20220
Re: Fannie Mae/Freddie Mac Restructuring
Dear Secretary Paulson:
We understand that a Treasury plan for Fannie/Freddie ("the GSEs") may
be announced this weekend. We thought you might find useful some further
thoughts on potential GSE solutions.
As you are likely aware, we had previously distributed a proposed
restructuring plan for the GSEs. In that plan, under a prepackaged
conservatorship, equity interests would be extinguished, subordinated debt
would be exchanged for warrants, and senior debt would be exchanged for new
senior debt and common equity in the newly recapitalized entities. The
government would write a put to the new common equity holders which would
expire in three years.
It appears, however, that the GSEs may need help more quickly, and
conservatorship may not be triggered until the GSEs are formally determined
to be undercapitalized. As such, in the event the government needs to
inject capital immediately, we suggest you consider the following
transaction ("the Transaction").
In order to minimize risk to tax payers while being equitable to other
constituents, we suggest that the Treasury consider purchasing senior
subordinate debt in the two companies in an amount sufficient to address
their capital needs in the short to intermediate term. This senior sub debt
would be junior in right of payment to the outstanding senior unsecured
debt and senior to the outstanding sub debt, preferred stock, and common
equity. We refer to the outstanding sub debt, preferred and common stock as
"the Subordinate Securities."
The issuance of senior sub debt is permitted under the GSE legislation
and under the existing terms of the outstanding debt and equity securities
of the two entities (please see the attached memo for further details). As
a condition of Treasury's purchase of senior sub debt, the GSEs would defer
the interest payments on the outstanding sub debt (which can be deferred
for as much as five years), and the dividend payments on preferred and
common stock. All of the Subordinate Securities would continue to remain
outstanding according to their existing terms.
The new senior sub debt should have a market-based coupon and Treasury
should receive low-strike price warrants (penny warrants) for a substantial
portion, i.e., 49% of the two companies. The coupon and warrant structure
should be as close to fair-market-value terms as possible. The ultimate
determination of fairness would be the willingness of non-government
investors to purchase the Transaction securities on the same basis as
Treasury. As part of the Transaction, the GSEs would deleverage their
capital structures by paying down senior debt from the free cash flow
generated by their core businesses further improving the position of the
new senior sub debt.
The benefits of the Transaction are as follows:
-- The Transaction can be accomplished under the existing terms of the
outstanding GSE securities without any required consent other than from the
GSEs.
-- The new security would be senior in right of payment to the existing
sub debt and preferred stock minimizing the risk to tax payers while
providing substantial support to the outstanding senior debt that has been
deemed implicitly guaranteed by the government.
-- The new debt interest payments would be tax deductible, reducing the
after-tax cost of capital to the GSEs, particularly when compared with
preferred stock.
-- In the event the outlook and performance of the GSEs and their
assets were to improve dramatically, the senior sub debt could be redeemed,
distributions to the Subordinate Securities could resume, and their values
would increase accordingly.
-- In the event that the GSEs' fundamentals continued to deteriorate
and they became undercapitalized, the GSEs could be placed in
conservatorship. In conservatorship, their balance sheets could be
restructured along the lines of our original plan or another plan with the
Treasury's senior sub debt treated preferentially to the Subordinate
Securities, again minimizing risk to the tax payer.
-- The Transaction would be fundamentally fair to all constituents and
would respect the existing terms and corporate hierarchy of all outstanding
GSE securities.
-- The Transaction would minimize moral hazard issues for sub debt,
preferred, and common stock investors.
Most importantly, we believe there are serious negative implications
for other large financial institutions in the event the Treasury were to
bail out Subordinate Security holders. The Treasury and OFHEO have done
substantial research on the benefits to capital market discipline from
large financial institutions' issuance of subordinate debt, and the
destructiveness of the government implicitly or explicitly guaranteeing
such obligations.
See: Report to Congress "The Feasibility and Desirability of Mandatory
Subordinated Debt", Board of Governors of the Federal Reserve System and
United States Department of the Treasury (December 2000), available at:
http://www.federalreserve.gov/boarddocs/rptcongress/debt/subord_debt_2000.pdf
"Subordinated Debt Issuance by Fannie Mae and Freddie Mac", Valerie L.
Smith, Office of Federal Housing Enterprise Oversight, OFHEO WORKING
PAPERS, Working Paper 07 - 3 (June 2007), available at
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1000264;
"Signals from the Markets for Fannie Mae and Freddie Mac Subordinated
Debt", Robert N. Collender, Samantha Roberts, Valerie L. Smith, Office of
Federal Housing Enterprise Oversight, OFHEO WORKING PAPERS, Working Paper
07 - 4 (June 2007), available at:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1000240&rec=
1&srcabs=1000264 (due to length of the url, please copy and paste into
browser);
"Subordinated Debt and Bank Capital Reform", Douglas D. Evanoff,
Federal Reserve Bank of Chicago, Larry D. Wall, Federal Reserve Bank of
Atlanta, FRB Atlanta Working Paper No. 2000-24 (November 2000), available
at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=252754.
To the extent the Treasury were to bail out the GSEs' subordinate debt
- which was: (1) never implicitly guaranteed by the government, (2) always
rated below Triple A by the rating agencies, and (3) held by investors who
knowingly took on the risk of loss in exchange for a substantial credit
spread above the GSEs' senior debt - it would endanger the systemic
benefits from subordinate debt issuance for every highly leveraged banking
institution in the world and the capital markets at large.
Furthermore, we do not believe that the Treasury can purchase GSE sub
debt, preferred stock or common stock without incurring an immediate loss
to tax payers because of the enormous amount of existing debt senior to
these instruments. At a market coupon or dividend yield (to the extent that
one were to exist), any debt issued pari passu to the existing sub debt, or
preferred stock issued pari passu or even senior to the existing preferred
stock would require a yield that would be uneconomic for the GSEs. No
third- party investor would purchase these securities regardless of their
terms in light of their junior position in the GSEs' capital structure.
Please note that Pershing Square and affiliates own CDS on the
subordinate debt of the GSEs. We also note that nearly all participants in
the capital market debate on the GSEs are either long or short the
outstanding GSE securities.
We are contemporaneously releasing this letter to the public in the
interest of market transparency.
Respectfully,
William A. Ackman
CONTACT:
William A. Ackman
212-813-3700
SOURCE Pershing Square Capital Management, L.P.
Shorts say "No MAS, NO MAS" after GGP NEWS!!!
In response to NYPDBLUE".49x.50. Oh boy Down goes Frazier!Down goes Frazier!"
Like Craps said, .45-.72 sounds good for a range tomorrow. The momo from the middle to end of last week anticipating today's announcement drove us from around .40 to .71 so it could go higher by the end of the week. If it gaps up over .70, it could touch the .80's, but I'd be surprised if it stayed there all day.
Institution confidence will determine where this goes. They could buy up millions tomorrow only to dump on Friday because they are afraid to hold over the w/e. If they hold, I think it could go over .90 and even approach $1 or more by next week.
Then again, I hesitated on Citibank last week at .99 only to have it up over 2.50 today, so what do I know? LOL! I do know the news was good tonight and I will hold for a while longer!!!
LOOK OUT WHEEZY! WE ARE MOVIN' ON UP!!!
GGP NEWS!!!! EXTENSIONS GRANTED!!! NO BK!!!
General Growth Announces Receipt of Lender Consents to Extend Forbearance under 2006 Senior Credit Agreement and Extension of Expiration Date of TRCLP Bond Consent Solicitation
Monday March 16, 9:58 pm ET
CHICAGO--(BUSINESS WIRE)--General Growth Properties, Inc. (NYSE:GGP - News) (the “Company”) announced today the administrative agent under the Company’s 2006 Senior Credit Agreement received consents from the requisite lenders thereunder to waive certain identified events of default under the 2006 Senior Credit Agreement and to forbear from exercising certain of the lenders’ default related rights and remedies with respect to such identified events of default until December 31, 2009 (unless terminated earlier in accordance with the terms of such forbearance agreement), subject to certain conditions, including final documentation.
The Company also announced today its subsidiary, The Rouse Company LP (“TRCLP”), has extended the expiration date for its previously announced consent solicitation to 5:00 p.m., New York City time, on March 20, 2009. In the solicitation, TRCLP is seeking consents from the holders of TRCLP’s unsecured notes (five series with an aggregate outstanding principal amount of approximately $2.25 billion at December 31, 2008) (the “TRCLP Notes”) to forbear from exercising remedies with respect to various payment and other defaults under the TRCLP Notes through December 31, 2009.
The Company also noted that it has been informed by the representatives of an ad hoc committee of holders of TRCLP Notes, the members of which hold in the aggregate approximately 41% of TRCLP Notes, that all of the members of the ad hoc committee have committed to consent to the forbearance.
As of 5:00 p.m. on March 16, 2009, consents had been validly delivered (and not validly revoked) with respect to the following amounts of TRCLP Notes:
3.625% Notes due 2009: $ 163,897,000 (41.5%)
8% Notes due 2009: $ 117,591,000 (58.8%)
7.20% Notes due 2012: $ 329,869,000 (82.5%)
5.375% Notes due 2013: $ 310,419,000 (69.0%)
6 3/4% Notes due 2013: $ 593,272,000 (75.4%)
The minimum acceptance levels for each series of the TRCLP Notes are: 90% of the 3.625% Notes due 2009 and the 8% Notes due 2009; 75% of the 7.20% Notes due 2012, the 5.375% Notes due 2013 and the 6 3/4% Notes due 2013. Holders of TRCLP Notes who have previously validly delivered consents will continue to have the right to revoke their consents through the extended expiration date.
Effectiveness of the forbearance under the 2006 Senior Credit Agreement will be conditioned on and subject to, among other things, the successful completion of the consent solicitation and effectiveness of the forbearance agreement relating to the TRCLP Notes.
“We are pleased that we have been able to obtain consents from the requisite lenders under our 2006 Senior Credit Agreement and with the positive reaction to the TRCLP bond consent solicitation,” said Adam Metz, chief executive officer. “Given this support, we feel it is appropriate to extend the expiration date for the consent solicitation in order to give bondholders more time to receive and review the consent solicitation materials and to consider this request.”
GGP INFORMATION
General Growth is a U.S. based, publicly traded Real Estate Investment Trust. The Company currently has an ownership interest in, or management responsibility for, more than 200 regional shopping malls in 44 states, as well as ownership in master planned community developments and commercial office buildings. The Company portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company is listed on the New York Stock Exchange under the symbol GGP.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements. Actual results may differ materially from the results suggested by these forward-looking statements, for a number of reasons, including, but not limited to, a potential bankruptcy filing, our ability to refinance, extend or repay our near and intermediate term debt, our substantial level of indebtedness and interest rates, retail and credit market conditions, impairments, land sales in the Master Planned Communities segment, the cost and success of development and re-development projects and our ability to successfully manage our strategic and financial review and our liquidity demands. Readers are referred to the documents filed by General Growth Properties, Inc. with the Securities and Exchange Commission, which further identify the important risk factors that could cause actual results to differ materially from the forward-looking statements in this release. The Company disclaims any obligation to update any forward-looking statements.
This press release is not an offer of securities for sale or an offer to purchase securities or a solicitation of consents. The consent solicitation is being made by means of a Consent Solicitation Statement that may be obtained by contacting Financial Balloting Group LLC, which is acting as the Information Agent for the Consent Solicitation, at (646) 282-1800.
Contact:
General Growth Properties, Inc.
David Keating
TEL (312) 960-6325
GGP NEWS!!! GGP GETS EXTENSIONS!!!
General Growth Announces Receipt of Lender Consents to Extend Forbearance under 2006 Senior Credit Agreement and Extension of Expiration Date of TRCLP Bond Consent Solicitation
Monday March 16, 9:58 pm ET
CHICAGO--(BUSINESS WIRE)--General Growth Properties, Inc. (NYSE:GGP - News) (the “Company”) announced today the administrative agent under the Company’s 2006 Senior Credit Agreement received consents from the requisite lenders thereunder to waive certain identified events of default under the 2006 Senior Credit Agreement and to forbear from exercising certain of the lenders’ default related rights and remedies with respect to such identified events of default until December 31, 2009 (unless terminated earlier in accordance with the terms of such forbearance agreement), subject to certain conditions, including final documentation.
The Company also announced today its subsidiary, The Rouse Company LP (“TRCLP”), has extended the expiration date for its previously announced consent solicitation to 5:00 p.m., New York City time, on March 20, 2009. In the solicitation, TRCLP is seeking consents from the holders of TRCLP’s unsecured notes (five series with an aggregate outstanding principal amount of approximately $2.25 billion at December 31, 2008) (the “TRCLP Notes”) to forbear from exercising remedies with respect to various payment and other defaults under the TRCLP Notes through December 31, 2009.
The Company also noted that it has been informed by the representatives of an ad hoc committee of holders of TRCLP Notes, the members of which hold in the aggregate approximately 41% of TRCLP Notes, that all of the members of the ad hoc committee have committed to consent to the forbearance.
As of 5:00 p.m. on March 16, 2009, consents had been validly delivered (and not validly revoked) with respect to the following amounts of TRCLP Notes:
3.625% Notes due 2009: $ 163,897,000 (41.5%)
8% Notes due 2009: $ 117,591,000 (58.8%)
7.20% Notes due 2012: $ 329,869,000 (82.5%)
5.375% Notes due 2013: $ 310,419,000 (69.0%)
6 3/4% Notes due 2013: $ 593,272,000 (75.4%)
The minimum acceptance levels for each series of the TRCLP Notes are: 90% of the 3.625% Notes due 2009 and the 8% Notes due 2009; 75% of the 7.20% Notes due 2012, the 5.375% Notes due 2013 and the 6 3/4% Notes due 2013. Holders of TRCLP Notes who have previously validly delivered consents will continue to have the right to revoke their consents through the extended expiration date.
Effectiveness of the forbearance under the 2006 Senior Credit Agreement will be conditioned on and subject to, among other things, the successful completion of the consent solicitation and effectiveness of the forbearance agreement relating to the TRCLP Notes.
“We are pleased that we have been able to obtain consents from the requisite lenders under our 2006 Senior Credit Agreement and with the positive reaction to the TRCLP bond consent solicitation,” said Adam Metz, chief executive officer. “Given this support, we feel it is appropriate to extend the expiration date for the consent solicitation in order to give bondholders more time to receive and review the consent solicitation materials and to consider this request.”
GGP INFORMATION
General Growth is a U.S. based, publicly traded Real Estate Investment Trust. The Company currently has an ownership interest in, or management responsibility for, more than 200 regional shopping malls in 44 states, as well as ownership in master planned community developments and commercial office buildings. The Company portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company is listed on the New York Stock Exchange under the symbol GGP.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements. Actual results may differ materially from the results suggested by these forward-looking statements, for a number of reasons, including, but not limited to, a potential bankruptcy filing, our ability to refinance, extend or repay our near and intermediate term debt, our substantial level of indebtedness and interest rates, retail and credit market conditions, impairments, land sales in the Master Planned Communities segment, the cost and success of development and re-development projects and our ability to successfully manage our strategic and financial review and our liquidity demands. Readers are referred to the documents filed by General Growth Properties, Inc. with the Securities and Exchange Commission, which further identify the important risk factors that could cause actual results to differ materially from the forward-looking statements in this release. The Company disclaims any obligation to update any forward-looking statements.
This press release is not an offer of securities for sale or an offer to purchase securities or a solicitation of consents. The consent solicitation is being made by means of a Consent Solicitation Statement that may be obtained by contacting Financial Balloting Group LLC, which is acting as the Information Agent for the Consent Solicitation, at (646) 282-1800.
Contact:
General Growth Properties, Inc.
David Keating
TEL (312) 960-6325
GGP NEWS!!! EXTENSIONS GRANTED!!!
General Growth Announces Receipt of Lender Consents to Extend Forbearance under 2006 Senior Credit Agreement and Extension of Expiration Date of TRCLP Bond Consent Solicitation
Monday March 16, 9:58 pm ET
CHICAGO--(BUSINESS WIRE)--General Growth Properties, Inc. (NYSE:GGP - News) (the “Company”) announced today the administrative agent under the Company’s 2006 Senior Credit Agreement received consents from the requisite lenders thereunder to waive certain identified events of default under the 2006 Senior Credit Agreement and to forbear from exercising certain of the lenders’ default related rights and remedies with respect to such identified events of default until December 31, 2009 (unless terminated earlier in accordance with the terms of such forbearance agreement), subject to certain conditions, including final documentation.
The Company also announced today its subsidiary, The Rouse Company LP (“TRCLP”), has extended the expiration date for its previously announced consent solicitation to 5:00 p.m., New York City time, on March 20, 2009. In the solicitation, TRCLP is seeking consents from the holders of TRCLP’s unsecured notes (five series with an aggregate outstanding principal amount of approximately $2.25 billion at December 31, 2008) (the “TRCLP Notes”) to forbear from exercising remedies with respect to various payment and other defaults under the TRCLP Notes through December 31, 2009.
The Company also noted that it has been informed by the representatives of an ad hoc committee of holders of TRCLP Notes, the members of which hold in the aggregate approximately 41% of TRCLP Notes, that all of the members of the ad hoc committee have committed to consent to the forbearance.
As of 5:00 p.m. on March 16, 2009, consents had been validly delivered (and not validly revoked) with respect to the following amounts of TRCLP Notes:
3.625% Notes due 2009: $ 163,897,000 (41.5%)
8% Notes due 2009: $ 117,591,000 (58.8%)
7.20% Notes due 2012: $ 329,869,000 (82.5%)
5.375% Notes due 2013: $ 310,419,000 (69.0%)
6 3/4% Notes due 2013: $ 593,272,000 (75.4%)
The minimum acceptance levels for each series of the TRCLP Notes are: 90% of the 3.625% Notes due 2009 and the 8% Notes due 2009; 75% of the 7.20% Notes due 2012, the 5.375% Notes due 2013 and the 6 3/4% Notes due 2013. Holders of TRCLP Notes who have previously validly delivered consents will continue to have the right to revoke their consents through the extended expiration date.
Effectiveness of the forbearance under the 2006 Senior Credit Agreement will be conditioned on and subject to, among other things, the successful completion of the consent solicitation and effectiveness of the forbearance agreement relating to the TRCLP Notes.
“We are pleased that we have been able to obtain consents from the requisite lenders under our 2006 Senior Credit Agreement and with the positive reaction to the TRCLP bond consent solicitation,” said Adam Metz, chief executive officer. “Given this support, we feel it is appropriate to extend the expiration date for the consent solicitation in order to give bondholders more time to receive and review the consent solicitation materials and to consider this request.”
GGP INFORMATION
General Growth is a U.S. based, publicly traded Real Estate Investment Trust. The Company currently has an ownership interest in, or management responsibility for, more than 200 regional shopping malls in 44 states, as well as ownership in master planned community developments and commercial office buildings. The Company portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company is listed on the New York Stock Exchange under the symbol GGP.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements. Actual results may differ materially from the results suggested by these forward-looking statements, for a number of reasons, including, but not limited to, a potential bankruptcy filing, our ability to refinance, extend or repay our near and intermediate term debt, our substantial level of indebtedness and interest rates, retail and credit market conditions, impairments, land sales in the Master Planned Communities segment, the cost and success of development and re-development projects and our ability to successfully manage our strategic and financial review and our liquidity demands. Readers are referred to the documents filed by General Growth Properties, Inc. with the Securities and Exchange Commission, which further identify the important risk factors that could cause actual results to differ materially from the forward-looking statements in this release. The Company disclaims any obligation to update any forward-looking statements.
This press release is not an offer of securities for sale or an offer to purchase securities or a solicitation of consents. The consent solicitation is being made by means of a Consent Solicitation Statement that may be obtained by contacting Financial Balloting Group LLC, which is acting as the Information Agent for the Consent Solicitation, at (646) 282-1800.
Contact:
General Growth Properties, Inc.
David Keating
TEL (312) 960-6325
Either way we win. BK restructure helps just like getting ALL the past due problems postponed until the end of this year helps. I think we take a healthy step up tomorrow, but it could be/should be a wild ride!!!
Keep preachin' the $2 though. It cracks me up and keeps me positive.
When Ackerman mentioned he wanted to get on the board of GGP and file BK, some idiot or idiots dumped 2M shares a few seconds later and yet at close half an hour later, we had recovered, within a couple cents, what the share price was before Ackerman went on Bloomberg at 3:30 EDT. THIS IS A GOOD THING!!!
BK IS A GOOD THING PEOPLE!!!
You all talk like bankruptcy is a bad thing. Read the article posted a few messages back. This is a liquidity problem, not a solvency one. To dumb it down, if your loved one was ransomed fro $100,000 and you had $1,000 000 in assets, but they were all tied up in property, you have a liquidity problem. Given time and some restructuring, i.e. sell off a few assets, you can pay the ransom and still have $900,000 left over, albeit still an illiquid situation, BUT, you have paid off the kidnappers. GGP needs to pay off the kidnappers, i.e. make some past due payments on some notes and agreements, most likely through some refinancing and selling of some assets. How best to refinance??? BK, baby. You still get to keep the assets, refinance, have time for the commercial real estate market to bounce back, probably within 2 years.
In a nutshell, each share is worth anywhere from $3-$12 depending on what the assets are valued at and who you want to believe. A bk would actually help us achieve a MUCH better share price. I could go on and give further examples of how this is a great play, but just reread RonnieD and some of his links to articles.
It did move way up before falling. I saw that too.
2M+ dump. Ouch!!!!
.55 to .65 to .41 in 30 seconds. What the ???
I refused to buy at open. Waited until it was dropping. Put in order at .60 . As it neared that price, I went to move it back some more and I got filled at .60. Oh well. I didn't want to miss the ride up up and up some more. GLTA
Ackman runs Pershing Square and they now have 20M shares of GGP. He may not have been talking about GGP, but you have to feel good with him holding such a large part of GGP. Maybe he merges Target into some of GGP's malls. He owns the malls, free lease for his holdings of target... . Hmmm.
He seems to be intelligent, focused, able to see the whole picture. Sees what needs to be done, not what should have been done. A great visionary; proactive, not reactive. I'd love to see him take on GGP like he is target.
Sold at 1.86 premarket on Friday. Thought I may have missed an even better ride up when she took off those first 20 minutes or so. Turns out it worked out ok so far. Will watch for decent reentry point on Monday. GLTA
We're GREEN!!!!!!
Rough day on Wall St. yesterday with the Dow finishing below 7000. Looking for a rebound today. A couple more days like yesterday, well, I don't even want to think about that yet. I look for a modest rebound today, maybe .51 to .53 conservatively. Maybe as high .56. I notice the chart shows the 5 day MA crossed positive over the 10 day MA. Last time that happened we had a nice run that doubled the price over almost a 2 week period at the end of 2008 into the 2nd week of January. Lets hope history repeats itself. We need over 10M in volume though. Volume has been down of late.
What the f@#$ is going on??? You don't fill a gap on a chart and then march it down. It just doesn't happen. No bad news was announced. What is going on here for the love of God???????!!!!!!!! I'll bet that 1M sale after hours was to short the stock which will push this into the .30's. CRAP!!!!!!!!!
Have a great w/e all. I know I am new here, but I read through the last couple months of posts and feel like I am fairly caught up and know a few of you now. Looking forward to better and better days with you all!!!
Took Ameritrade 3 minutes to change the last sale, but the .59 sale went through as last sale!!! Showed .56 for a while. Whew. Bullish and happy. 229,300 shares bought 30 seconds after close, at.59 and it counts.
I'm still learning TA, but this afternoon showed I'm learning some. Now, if I can follow my brain and not my emotions, maybe I can start making some $$$, LOL!!! Next week looks promising.
.54 x .55 1 minute to go!!!!
.5314 x .5494 Git on up!
C'mon, surge baby!!!! From .50 x .52 -.53 x .54 in the last 5 minutes or so. Giddy on up to .58 or better. FINISH ABOVE THE OPEN!!!
I see the low did get in the 49-51 cent range. Now lets see it close at .58 or better. That would be a nice bullish indicator going into next week. Maybe then we can get through the .63 resistance and head towards a buck. I'll guess it closes at .56. Just low enough and high enough to piss me off and truly confuse me on its next course, LOL.
This is a perfect spot. Could touch .49, but a safe time to load up is now while it is .50 x .52. Cash out at resistance around .64. You make a nice profit, I cut my losses and try to play the bounce right the next time, LOL.
This is what I was afraid of. Instead of surging into the .70's or .80's before it fills the gap around.51, it's getting walked down to fill it from it's close of.68 where I bought in yesterday. Now watch it rise back to .679999999, just close enough to piss me off and almost break even before it slides even more. What the hell was I thinking???????????? UGH!!! I knew better!!!!!!1
This SUCKS!!!!!!!!!!!!!!!!!!!!!
Bought in today.
Watched her for a month as she went to .38 a couple days back. Thought it might fall some more and missed the ride.
Tried at.581 yesterday and just missed as she went to .73 today. Waited to see if she would fall some for a good buy in price and finally bought at .689
1 hour later she got shook to, what else, .581, LOL. I just can't win sometimes.
Sold off a loser of a stock, bought some more at .60, then watched her close at .68!!!
Now I'm ready for $$$'s. $12/share sounds good, but I'll settle for $11, LOL
GLTA!!!!!
Go GGP!!!!!!!!!!!!!!!!
I'm out. Let her rise now. I'll jump in lower if it gets where I think it could go. GLTA
Looking at other companies in this sector, I see AXL is down almost 30% today. See, it could be worse for us. Let her churn. There WILL be an upside, hopefully soon!!!
HAYZ has gotten beat down at the close every day until today, even though the MM's tried the $5.30 red paint job.
6.5:1 buy to sell ratio minimum, perhaps as much as 8.5-1 buy to sell today. I think HAYZ TA seems to suggest she wants to break free, and once HAYZ breaks free, i.e. selling dries up and volume comes in, the share price should rise up pretty quick. HAYZ sell off seemed to end today and over 1/3 of the days volume was in the last 35 minutes or so. Thus:
selling ends + volume = $$$
Simple economics!!!
Not according to ameritrade. .053 is what I see.
edit 4 minutes after the bell, they corrected it to .06. GOOD!!!
Over 50,000 at the .06 ask. Nothing BUT .06 buys at the ask for the last 15 minutes. ONE f'n sale gets pushed in at .053 and they count it. Other days, 7 seconds after the bell, they count it when they bring it down. Today they don't. I've never been a big conspiracy theorist, but I am a believer after seeing this BS play out again.
Thanks Phil.
I see the bid upticked to .0599 with 10 minutes to go. Nice 18000 share buy at the ask. Thought that might wipe out the .06, but not quite. Our old friend ISEG just came up with 4000 more shares. Oh, and so did NITE, moved to .06 with 19,000 shares. 6 minutes to go. Hold on. Our day is here soon!!!!!!!!!!!1
AGREED!!! Big volume=5 Million or more, right???
Well
I got laid off last week, baby on the way and seen my position on this stock in 2 weeks cut in half,
BUT
I WILL REMAIN POSITIVE!!!!!!!!!!!!!
GOOOOOOOOOOOOOOOOOOOOO HAYZ!!!!!!!!!!!!!!!!!!
BIG late surge. UBSS had 40,000 shares at ask (.06) all day. In 5 minutes since we upticked, only 11,700 left.
GOOOOOOO HAYZ!!!!!!!!!!!!!!!!!!!!