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LOL, I had a good feeling it would drop back down to this range, I'm glad I didn't buy in the middle of the 'hype'.
Pulled back down to 1.06 at the open. Was thinking of grabbing it then but it seems to be weak lately, I'll wait until I see cheaper.
Haha, I'm in the same boat as you. I was watching it all day and then right before close, my gut told me to buy in but I told myself no. Now look what we missed!
I know :( Damnit, stupid mistake on my part. I should've bought in yesterday when I was debating it!!!!
Singapore Exchange Suspends MF Global's Clearing And Trading Membership
1 hours 40 minutes ago - Dow Jones News
SINGAPORE -(Dow Jones)- Singapore Exchange Ltd. (S68.SG) said late Thursday said it has suspended MF Global's membership in the bourse's trading and clearing-house operations with immediate effect.
"MF Global has no outstanding proprietary positions and almost all their customers' positions on SGX have been transferred to other clearing members or closed out by MF Global," SGX said in a statement.
"Only a small number of customer accounts remain open and available for transfer to other brokers or to be closed out."
SGX said the suspension doesn't affect MF Global customers' ability to obtain transfers of their positions on the SGX to other clearing members or close out their positions.
-By Sam Holmes, Dow Jones Newswires; +65-6415-4157; samuel.holmes@dowjones.com
(END) Dow Jones Newswires
11-03-11 1920ET
Copyright (c) 2011 Dow Jones & Company, Inc
Shouldve gotten out days ago when I announced to jump ship! Would've saved yourself money and if you really do love this stock you could've just bought back in cheaper! If a stock is going down theres no point in holding it, you sell it and then when it drops lower, you buy back in (if you still want to play it that is).
The next Q in January does sound good however I wouldnt hold this long. There is too much that could go wrong with EK. It's a good stock to play with but it's a stock on a teeter-totter that could fall either way.
Agreed, but regardless of substantial profit, any profit is better than none. I just wasn't completely sure of how it will perform before tomorrows bell so I'm glad I decided not to buy in. I'd rather be sure than to be sorry especially with a stock like this that has a lot of volatility.
Any stock that you own shares of that is this cheap needs to be watched all day. If you can't watch it all day, a stop should be used. All IMO that is.
By the way, I replied back to your email (days ago) and never received a reply back.
I decided not to buy in, I was debating to grab it at 1.74-1.75 before the market closed but didn't want to take the risk. It slumped all day and slowly declined so I'm not so sure it will be going up before tomorrow's bell. We'll see what happens, hopefully I made the right choice!
LOL, oh well. I canceled my order before close once I figured it wouldn't drop back down. We'll see how AH and Pre-MKT goes. I didn't want to buy in at more than 1.07 so hopefully I dont hit myself for not jumping in before close if it decides to gap up before tomorrows bell.
Anyone plan on buying CLWR before close? Think a nice gap up in AH/Pre-MKT for tomorrow's bell?
Agreed, holding just doesnt give you as much profit either. You can make twice as much (or more) by trading through the week rather than having the funds tied up.
Did you get 1.07? I didn't get 1.06 or 1.07. I'm going to sit on my order of 1.07, it may come back down.
My damn order @ 1.06 didnt execute because of that huge block on bid that was sitting there.
Anyone buying at these levels?
I thought this would've bounced by now, it's been sitting 1.81-1.83 for hours now. It's extremely oversold as well.
This is a company that just went BK, do you think the shares will be unloaded the first day the halt was lifted? If that was the case this would already be below .10 My first estimation in the morning was correct by saying it will most likely drop to .20 today as it did (actually dropped just under .20 for the low of the day), tomorrow will most likely touch lower than that. With stocks in this scenario you have to be extremely cautious especially considering today was the first trading day since last Friday. There hasn't been a drop yet and the last thing I want is to buy in and then it drop 50%. Like I stated earlier, I'm watching until I see a bottom and that hasn't come yet.
I definitely expect it to drop lower but was almost right on the money by saying it would drop to .20 today and it even dipped slightly under that. I'll probably wait a few days before I jump in, you are right the selling will continue and it will get lower and lower.
It's been a good day trade in the past and I've made some profits from it but if I held it long, I don't think I wouldve made close to what I've made if I bought it and then sat on it.
We were right about it dropping down to .20, let's see if it continues to fall!
I definitely agree about jumping ship if it hits the 52 week high again but I don't think that'll happen anytime soon. I would most likely jump ship the moment it hits green for a day and use your funds on a stock that moves. This isn't a LT stock anymore IMO. Also Dmlabuda is correct, this looks like a bear market and without even looking at the charts it seems to be one by how it's been performing.
Exactly that's why the future is unpredictable. It's an established company with increasing just about everything, yet this doesn't perform how it should be that's why it's not in LT for me. As of lately this is how it performs: The market goes down, this stock goes down, the market goes up, this stock doesn't do anything, when great Q's come out it lacks momentum to move and then falls back. I'm not going to sit on a stock LT if this is how it performs. Good day trade before but now it's not even worth day trading, your funds will either sit there or just decline.
Agreed and to be honest, I wouldn't keep this LT and I never planned on it. It was a good day trade but lately it's been slumping. The company is established but the future is unpredictable.
Even with a green market today it still isn't performing well. If today was a rainy day like the last 2 days, this thing would be tanking.
To be honest, I think it'll drop to .20 today, not sure if it'll continue to fall from there though. After a company goes BK (especially one of this magnitude) it gets crazy.
Pretty sure most of us are waiting at least for now. Down she goesss!
Agreed. This is going to be a hell of a ride, hopefully when/if I jump on it, it shoots up not down, LOL! I'm just happy I played last week and sold my positions before the weekend! Who's jumping in at the bell and who's going to wait it out for a little?
Good article. It had a nice recovery at the bell but traded sideways the rest of the day. I'm curious to see how it performs tomorrow. I still haven't made another position in SIRI yet, I'm spectating because even with the good financials, the market kept it well into the red which isn't a good sign. We will most likely have another rainy market day tomorrow which if SIRI continues to follow the market, it will drop further into red ignoring the Q3.
LOL, I had put a limit order for 2.50 and as it was going back and fourth from bid to sell and most selling was at the bid (2.50), I decided to cancel my order. Two minutes later it dropped to 2.49-2.50 :) I'd trust your gut feeling!
LOL! I'm debating whether to wait until it dips under $2.50 or not, theres a lot of selling still going on at bid.
LOL! Wanted to announce this just incase if anyone missed it (there is also a huge block of 500,000+ at bid of $2.49 right now) I have a feeling something huge is about to happen in the next day or so especially with the big conference in CA Nov. 2-4:
Sprint Scores Big in San Diego; Company Becomes Official Wireless Carrier for Second Largest City in California
35 minutes ago - BIZ via Comtex
BusinessWireAfter an intensive competitive bid process, Sprint (NYSE: S) has won the wireless business for the city of San Diego, the second largest city in California. The decision to choose Sprint follows a comprehensive nine-month competition that evaluated costs, technology and wireless coverage.
The city's contract, which names Sprint as San Diego's official wireless provider, is estimated at $1.3 million per year. The two-year agreement includes an option for three additional years. Sprint will supply 3,000 new devices, including HTC EVO(TM) 4G, HTC EVO(TM) 3D, Motorola Photon(TM) 4G, Blackberry(R) devices and mobile broadband air cards. Sprint will continue to service the existing 2,000 Sprint devices -- mainly public safety ruggedized modems -- already used by the municipality.
Sprint also entered into a marketing agreement with the city of San Diego that allows for exclusive marketing rights to San Diego city employees, retirees and business licenses. "We're honored to be working with the city of San Diego and thrilled by their decision to award Sprint its wireless services business," said Kevin Kunkel, vice president-Sprint West Region. "Sprint won this contract because of the overall value we offer, the dedication of our sales and support teams, the strength of our network, and our commitment to the public sector and first-responders. Our public-private marketing partnership will undoubtedly be a mutually beneficial collaboration for Sprint and for San Diego."
Sprint is also working with the city of San Diego to offer a free recycling option for city employees' wireless devices. Sprint recently earned the No. 3 spot on Newsweek's 2011 Green Rankings. This is the second straight year that Sprint has ranked in the top 10, up from No. 6 last year. Sprint's efforts to reduce its carbon footprint, support device recycling programs, and bring more sustainable mobile devices and emerging technologies to market helped place Sprint among the greenest companies in the United States.
"The city of San Diego will benefit greatly from its partnership with Sprint, a company with a world-wide reputation for innovation and service," said Jerry Sanders, San Diego mayor. "Given Sprint's reputation and history, this is exactly the sort of public-private collaboration that our city should continue to pursue."
Nice profit for a rainy day market.
We all thought MF going BK was bad! This is now far worse than going BK. Hope everyone sold Friday!
The pop happened at the bell (1.08 to 1.16) within 20 minutes. If you didnt grab it then you missed the pop, not sure if there will be another.
Agreed. There were some nice big block orders at the lower prices. SIRI just had a nice bounce from it, but is now overbought.
This was expected, I could've told you with my eyes closed yesterday that today was going to be a blood bath (not just for SIRI but for generally everything). I sold all my positions last week and haven't bought any since. Just a heads up, today is going to be like yesterday. We follow the other markets, take a look at Asia's performance and how EU is currently doing. DAX is tumbling.
Asia's market performed bad and EU is far worse at the moment, our market is going to follow theirs today.
I knew this would be a bad open bell, I'm glad I didnt buy any stocks yesterday even at the lows, especially S! Every stock in my watch list is currently down at a minimum of 1.5% pre-mkt (some down close to 5%)! Thank God I sold everything last week before the blood bath yesterday! Time to watch them drop even lower today, possibly may pick up some shares on a few stocks I'm watching if they get rediculously cheap.
LOL! Much agreed. :)