Swing trader.
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.
MIPI only has about a 25 million shares outstanding and a 14 million share float according to Yahoo. That should make this very interesting to watch. And extremely dangerous to chase.
trade
MIPI up huge afterhours. Might be good for a couple intraday trades on pullback. Keeping an eye on it next few days.
trade
Up like 200% in AH. Nuts. Well, maybe I get to flip in the morning. Have an afternoon apointment tomorrow. Should really be good for a couple days, but I like to see how they react and never hold a bio overnight on news like this. Always seems that is when they dilute. I really know nothing about this company. Just got a tip on the news.
Congrats again on your profit.
trade
You're welcome. Sorry I had left the computer and was not watching. Might have flipped it myself. Grandkids are over and was playing with them.
We get alerts like that all the time in a chatroom I follow.
Congrats, use the profit wisely.
trade
MIPI monster afterhours. Should be nice intraday trader next couple days. Though I prolly won't get in as have appointments and won't be in front of computer all day most of this week.
trade
Sometimes the slow ones are better.
Faster they rise harder they fall on the pullback.
trade
Yes, PACR shocked me. Can't find any news. Guess it's a technical, but I didn't see it coming. LOL
SFI just won't quit. Looking for an out, but how to predict the top? I even picked up another 1,000 shares today at 5.68 Must have lost my mind.
Got some CIGX @ 2.57 and BGP at 3.07 just swings, not long term.
GLTY,
trade
SFI hod at $5.90 back to $5.68 now. Can't believe we continue up on the daily chart without more of a pullback. Expecting it anytime.
trade
$5.64 high intraday. I expect them to try to push this back below $5 before next Friday unless some of the call option contracts are closed by Monday.
GLTY,
trade
SFI is flying. No news? Shorts getting out? I am really confused. Knew it would go up, but this is just too quick. Looking to sell some more unless the call option contracts get closed out by Monday. Otherwise for sure they take it down below $5.
Yeah, I been so busy and missed PACR again. Guess that why they call it a watch list. Supposed to watch it. LOL
GLTY,
trade
If you use Strategy desk on Ameritrade try the TOS (think or swim) platform. They also offer it free. TOS is much faster at scans because it is web based. TD also offers educational videos for free on how to use the think or swim platform.
I have used SD for several years, but am currently changing over to the TOS platform.
GLTY,
trade
Oh, and I know there are some cheaper brokers out there but TD has never done me wrong. The customer service and free education is top notch. I pay $8 for trades no matter how many shares. Have free L2(not pinks, which I don't trade anyway) and lots of other perks.
Yes, Locked in some profit. So many shares was just too much risk. Anyway my BEE, CIGX, and PIR all closed green. Always tomorrow as long as you protect the capital.
Wish I had got in on BLDR when you mentioned it. Had looked it over, but was not trading as much. Trying to do at least one or two flips a day now. Be consistent.
Good luck,
trade
Monster today. SFI $5.42 intraday.
trade
SFI 5.42 Kick me would you?
trade
I sold 3k SFI today at 4.92 Ten seconds later it took off.
Had 3.79 average and made profit, but still mad at myself. Oh, well still holding 6,000 shares and they are looking really nice this afternoon. Using the money to do flips elsewhere. CIGX, BEE and PIR for now.
Have a great nite,
trade
WOW! Shorts crushed SFI. Turned back up just as fast. Can't wait to see how the day ends. I grabbed another 1,000 shares at 4.38 just for a flip today.
trade
SFI cheap shares this morning. News out CFO resigned and shorts killing it.
trade
Oh, PACR didn't do too bad either. Think this is a turn?
We are on the PACR board! LOL!
trade
Didn't trade today. Still holding PLAB and SFI. Did add a little more SFI late last week.
How about that run on UNIS? Had it in the chat room, but I wasn't at the computer when the news came.
Have a great nite.
trade
Looks like SFI may have put in a bottom at $4.50 There are 10,000 open call contracts for April and 200 for May. If it gets above $5. I expect them to pull it back for the options expiration on April 16th.
Maybe should have sold the PLAB today, but held.
GLTY,
trade
I didn't trade much today but watched on and off during the day. My whole watchlist(about 30 stocks) was green most of the day. Then last hour came and crash, about two or three closed green.
Better luck tomorrow,
trade
MSN price was marked down $1.10 this morning becasue today is the dividend ex-date. Anyone who held the stock overnight last night receives the $1.10 dividend so they are even. But now the stock price is moving up so looks like a profitable trade.
GLTY,
trade
MSN dividend of $1.10 paid this morning and stock pps recovered about .30 so far. Let's see how much of it holds.
trade
Yes, I did notice EGLE had gone below $5. Will watch it the next few days.
trade
Was also looking at EGLE. You think it is strong enough to ride the $5 to $6 channel again?
trade
Guess I should have sold SFI when you did and bought back here. Still holding 10k. Will sell at least half to use the funds for trading. Getting back into regular trading this week. Sold PLAB today @ 5.27 from 4.65 in just a couple days. They are the really nice ones.
Have a great evening.
trade
RTK bid has been building, but moving only a penny at a time.
market maker ISE is pushing
RTK bids building. Just taking longer than expected.
NEWS:
Monday, March 22, 2010, 1:22pm EDT | Modified: Monday, March 22, 2010, 1:27pm
Monument Realty, lenders sell Palatine building at auctionWashington Business Journal - by Tierney Plumb Staff Reporter
Monument Realty sold The Palatine for $118 million by auction, closing on its fourth building transaction in the last four months.
Miami-based developer Crescent Heights Inc. was the winning bidder at the foreclosure auction, prompted because the sellers were foreclosing on a construction loan to a Monument Realty venture with an investment fund managed formerly by Lehman Brothers. The sale closed March 12.
Monument built the 262-unit Courthouse building at 1301 N. Troy St. from the ground up, using at least $94 million in financing from Fremont Investment. iStar Financial, a New York-based commercial real estate finance company, later bought that loan.
When the condo market heated up in 2004 and 2005, Monument marketed the units as condos, preselling some of the units. But then condo sales hit the recessionary wall, and Monument cancelled those contracts and converted the units to rentals. The units delivered in August 2008, and Monument completed the initial lease-up of the apartments in October 2009, resulting in 95 percent of the building now being occupied.
The building was sold at an auction on Feb. 10 amidst the Washington area’s record-setting snowstorm. Ten bidders posted the $9 million deposit required to bid on the property. But bidding was quick with three bidders still actively pursuing the property at $112 million before Crescent amped up the price to $118 million.
The buyer is expected to realize a rock-bottom capitalization rate of about 4.5 percent.
The D.C. office of HFF Inc. (NYSE: HF) represented the seller. Crescent, which is notorious for embarking on condo conversion projects, is “an all-cash buyer and prefers fast closings,” according to its Web site.
“We had an indication before the auction that the sale price would be over $100 million, but no one ever expected the number to get to $118. As you can imagine, we are very pleased with this result as the sale price is well above the loan balance,” said Michael Darby, Monument Realty’s owner, in a statement. “Maybe we should always sell our assets at auction.”
It marks the fourth major transaction that Monument has closed in the past four months. Most recently, Monument sold Monument Corporate Center I, a 200,000-square-foot office building in Gaithersburg, for $42.8 million in December.
“The future is looking a lot brighter, and it feels like we are picking up some real momentum with these recent deals. We have a lot of additional deals pending and are actively pursuing new acquisitions with several new investment partners,” Darby said.
Monument Realty has developed more than 5 million square feet of Class A office space, nearly 3,500 residential units and three hotels valued at more than $5 billion.
Definitely good news for SFI
GLTY,
trade
SFI $5.23
Just too much for one day and no news. Something up?
GLTY,
trade
SFI beautiful. Can it hold this much in one day?
trade
You still holding SFI? Looked bloody this morning then came back big.
Could have had some nice entries on PACR and EGLE, but my trigger finger was too slow. Maybe tomorrow. Did get a few PLAB at $4.65
GLTY,
trade
No, I don't like to guess.
Postponing does not sound like something that is good.
Ambac Financial puts off releasing earnings report
Ambac Financial delays earnings report as talks continue with Wisconsin, other parties
NEW YORK (AP) -- Troubled bond insurer Ambac Financial Group Inc. on Tuesday delayed filing its fourth-quarter and full-year financial results.
It originally was to release results on Tuesday for the periods that ended Dec. 31.
In a filing with the Securities and Exchange Commission, the company said it cannot file them on time without unreasonable effort or expense until it concludes talks with Wisconsin's insurance commissioner and with other businesses it is obligated to.
The company said in the filing that it saw significant losses from its exposure to defaults on residential mortgage derivatives, and it lost $573 million, or $1.99 per share, for the first nine months of 2009.
But company said is better than 2008, when it posted a loss of $5.6 billion, or $22.31 per share, for the year.
The company said in November that it may run out of money and be forced to file for bankruptcy court protection. Its chief financial officer also left.
Shares fell 1 cent to 76 cents in morning trading.
trade
Yeah, I thought there was an official site for FINRA or SEC like there is for the OTCBB stocks but can't find one.
Best I see is this one, but just information service. Not regulator site.
http://www.ex-dividend.com/cgi-bin/search3.cgi
Ex-Dividend Search Results
Database Searched:
AMEX Listed Companies
Database Last Updated:
Thu Mar 18 18:10:06 2010 Central Records Searched: 28075
Matches Found: 1 Search Criteria: msn
Search Field: Symbol
Search Time: 0 seconds
Search This Criteria for NYSE or NASDAQ Listed Companies
DATE 03/03/2010 05:11 PM EST
ADDED COMPANY/ Emerson Radio Corp
NOTES Due bill period. Deliveries after 3/15/10, Settlement of contracts made prior to 3/25/10, redemption date beginning on 3/24/10.
SYMBOL MSN
AMOUNT 1.10
ANNUAL YIELD 0.00%
X-DATE 03/25/2010
RECORD DATE 03/15/2010
PAYMENT DATE 03/24/201
trade
Great day all around. Had an early call on SOMX in the chat room and it flew. I just watched, but many others made big bucks. I'm busy tomorrow, hoping to get back to full time trading next week.
GLTY,
trade
Bottom right side of Yahoo page
Dividends & Splits
Forward Annual Dividend Rate4: N/A
Forward Annual Dividend Yield4: N/A
Trailing Annual Dividend Rate3: N/A
Trailing Annual Dividend Yield3: NaN%
5 Year Average Dividend Yield4: N/A
Payout Ratio4: N/A
Dividend Date3: 23-Mar-10
Ex-Dividend Date4: 25-Mar-10
Last Split Factor (new per old)2: N/A
Last Split Date3: N/A
Also on bottom right of Morningstar page.
trade
The company sets the record date. Regulators set the ex-date. You must hold until the ex-date to get the dividend. This stock moves with the dividend attached until March 25th. The official ex-date.
This is not a regular dividend. It is more than 25% of the pps and special rules apply. This does not happen often and there is much confusion when it does. Below is a FINRA link describing how the ex-date works and why it will be different on this particular stock.
Dividends Or Distributions
25 Percent Or Greater Than
Security Value
The second method, under
subparagraph (b)(2) of Rule 11140,
provides that for dividends or
distributions that are 25 percent or
greater of the value of the subject
security, the ex-date shall be the
first business day following the
payable date. For example, if an
issuer has announced August 10 as
the record date and August 31 as
the payable date, then the ex-date
will be September 1, the first
business day after the payable
date. In this example, September 1
is the day on or after which a buyer
would purchase the security without
the dividend and, therefore, the day
on which the price of the stock is
adjusted downward. In this
example, a seller of the security on
August 15, even though the holder
of record to receive the dividend,
would have to relinquish the
dividend to the buyer. Indeed,
because the value of the security
on August 15 has not yet been
adjusted downward to reflect the
dividend distribution, the seller in
this example would be unjustly
enriched by keeping the dividend.
The seller would have received the
value of the dividend twice: first, as
fully reflected in the unadjusted
price of the stock on August 15;
and secondly, as subsequently paid
by the company to record date
holders.
http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p003997.pdf
Have only seen this happen a couple times and creates lots of confusion.
trade
Yes, but your SFI is looking up?
trade
Confusion rules on this one. But pps is climbing.
trade
MSN looks like it gets another bounce before the $1.10 dividend payout next week.
trade