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could we get an L2?
eh....DOw isn't soaring....it gapped this morning didn't it? It already gave back a 1/4 of that huge gain. Plus we're chilling around 1.30 right now...I'm waiting to see if there's another drop.
what happened to moving this to .20?
I really thought they'd put out a PR or some sort of filing today. This is edging dangerously close to stinky pinky territory...which is quite a shocking turn. They diluted and it's starting to look less like it's for a merger of some sort and more to pay off some loans they had in default..
right, but he's saying all these transactions are worthless.....it's like selling yourself a dollar for 4 quarters.
LMAO.....wait you're right. They keep PR'ing talking about selling or buying this company or that company.....but they're all owned by the same guy.... hahhaha good eye.
I want it just based out of principle. this could go up 800% and I'd still be down. I want my damn worthless dividend. I'm getting SOMETHING out of this.
If these guys don't hurry up and close that sale we're toast.
and here's the dip
WTF...TD won't display my balances.....man they suck lately.
1.50 x 1.51
if you're flipping this I would suggest selling near the open, there WILL be profit taking with this big of a gap!
I'm thinking up during pre, and when the market opens a mini run then, followed by a drop. So basically like every other day for the last 2 weeks :)
It doesn't really seem like the European leaders are doing enough...the guaranteeing of bank debt is a start....but I really feel like there's going to be a spike UP on opening Monday...and then a slide for the rest of the day when people realize not a lot has changed. I'm fully confident that Fre, (and FNM) will recover; they HAVE TO for our system to stay solvent, but I don't think it's going to be for another few weeks. I think the election, after Obama probably gets elected, will result in a positive pop. Remember there's just as much psychology as fundamentals driving the market at this point. People are still pessimistic, and they're waiting for a reason to get back into the market. The plans that have been presented so far only slightly stem the fleeing from the market, not turn it around from an exodus of investor dollars to an influx of capital.
lol, oh ok. I give it permission to rise then....lmao.
I just thought of something, If this is all part of an acquisition...they would have release an announcement at the same time as they increased the A/S. They wouldn't release a statement DOUBLING the A/S....let the pps tank and screw all of us over.....and then the next day release a PR for an acquisition. That makes no sense. This is the first really fishy move they've pulled, and it's too bad because up until now with all the filings et al. they had looked completely legitimate.
Can someone with a good rapport with the exec's of southbridge, or ASFX itself, contact them and find out wtf is going on? Because right now this is looking like a real shady move.
OK, week's summary:
1. Did anyone ACTUALLY receive their dividend?
2. If so, how did it pay out?
3. I'm assuming that anyone who bought this in the last few months is still screwed, correct?
4. Tanking will continue I assume?
exactly. That's why I stay here, to warn everyone else to run from this thing.
Another question: If they're doing bad enough that they're going into default on loans, how the F are they going to buy any other companies? They can't even cover expenses they have now....
They JUST said they weren't going to dilute, or if they did it would be to complete an acquisition. ARRRRG. I'm going to end up going broke...every pinky I stay in for more than 3 days ends up diluting lol
So basically all that waiting we were doing for this thing to take off.....and instead of taking off...they dilute. Unless there's some news Monday, we're toast.
I wouldn't mind another drop. You can never have too many
anytime people get this over confident in a stock it's never a good thing. Usually means panic selling will be occurring the instant this thing ticks down even a few cents.
this wasn't the big jump ;)
I'm glad we had this run at the end, but I still think this coming week it'll be down more.
I sold at .99 this morning, at a pretty big loss from my last position, but I figure if there's a drop I can buy back in at a new botom.
I have an open order at 1.05 I'm just leaving there...
um am I seeing things? This just dropped 50%
0 volume though....not a good sign.
good point man
sell at a loss...buy back in lower? Although honestly at 98 cents I'm not sure how much lower it can go, it'd have to drop another 6 or 7 cents to really make a sell and buy-back worth it.
there wasn't even a spike this morning at open :(
"Weak, Dow's only down ~2.5%. I was hoping for live, serious destruction. This is like Godzilla coming on shore, taking a sh** in the municipal pool, & heading back out to sea." -Gigantopithecus
stop saying that!!! lol
I just drink constantly now. I dont' seem to mind the fact that i've lost 80% of what I have when I'm smshed. Gin is cheap. My drunken advice: Sell on those random pops we get at market open, buy on the crash that always comes after.
there was no news here to prop this up? Weird.
I'm scared to look, what's AH at/
sell at beginning of day.....buy back in on these dips....you could be accumulating shares right now!
Great post. I came to the same conclusion this week. I purposely hold my hand up over the price of FRE now on my main TD screen, and just look at my others.
easy there. Every time this gets good news it drops....every time it gets bad news....well half the time it drops the other half it bounces. No clue why.
wait....so with these 5 or 6 divvys...if you bought after Feb 1st you don't get in on them?
what's the record date for the divvy's?? Has anyone seen this yet?