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Put in 29000 bid at $0.37 on Retirement Acct. Don't have free cash on regular acct anymore. Hopefully it fills today. If it doesn't, I don't need it. I have tons already on my regular acct
Jaguar..Great article. $1.5bl cash plus $1bl Litigation, Plus $2bln patents is already $4.5 bln. And they still own additional 9900 patents that EK said is central to its business. Tons of money would be made here. AND THEN THE SHORT COVERING????? OH MY!
Every fool out there wants EK bankrupt. And you keep asking ... WHY? Only the company and maybe the employees (some good posts out there too) wants it to keep on doing what it is doing! Every good news on the company is twisted? Strange when you have a world where the desire for business survival and continuity is dictated by a rabid devilishness instigated by short-term profitting
I just placed 20000 on the ask at $0.65...check it out
Good to get rid of the communications guy. He's done a poor job presenting the facts about this company to counter all the jargon shorts are feeding the press.
No, this will cross $0.55 today IMHO. Doesn't really matter. I BOUGHT ALL I WANT FOR NOW. Tons of it
What some of you are not looking at: S&P said EK could run out of cash in the first half (6 good months)...and with the word "could" and IF THEY DO NOT SUCCEED IN SELLING ASSETS. Even then, the S&P report did not mention the three asset deals EK has announced since December. Plus several directors and chairmaan exercises options at $0.65 tons of them. Contrary to the WSJ fake article said they could run out of cash and file by February. And yet someone is not loading up. I have re-established my entire position. Got a little 3000 shares this am at $0.42 to support. ALUTA CONTINUA!
Value Investor..what you call sell is surrender. Insiders regularly surrender shares after exercise to cover taxes or pay for the cost of some of the shares. Trying hard to find the sells you refer to.
****I could have gotten more too but will have cleared funds tommorrow. Will load more in the AM. When you read the S&P Press Release, you will see that the situation is not as dire or even dire as being touted by WSJ. Company should have enough cash to last it till the middle of 2012. GO read the report.
I just bought back 8000 AH after reading SP Report and the news of the insider acquisitions
Also VP Faraci acquires 53779. News just dropping
Chairman Peres acquires 165000 EK, VP Kruchten acquires 27389 EK
I used to write for Bloomberg. Anytime I posted a story that moved stock prices, I got pats on the back and congratulatory emails from colleagues. On such times, I would keep up the pressure and dig for more info to "Update" the story. And you get more pats when you post what is really not newsworthy and it moves market. Fast-forward to this WSJ guy. He basically collates what is out there and obvious and puts it on the WSJ platform. With tons of shorts already on the stock, we get more shorting. ANd the larger press picks up the story. And Moodys comes (usually late) ranting. And more shorting and management keeps mum. And shareholders are left hanging. That is what is going on here./
They broke the silence in September. Also, they should when their stock has lost 40%...it is enough worry
Now, if you know someone in the company, it would make more sense to be buying. Yes, insider trading...BUT the WALL STREET WRITER got his information from some insider. It is possible management provided him that info with hope to test reaction before filing. Never trust these guys gain after MF Global and the rest of them. Since I don't know anyone there, I trade with the best experience I have instead of leaving my fate with management. So, I reduced and took some losses but I retained enough to recoup if it goes up. Or enough cash to buy low if it sells off. ALUTA CONTINUA!
Yes. But seems like everyone wants it to file. Now, file or no file, I will still retain a good number of shares, but everything points to them filing. Potential bidders of the patent portfolio would balk with this heightened negativity with hope of getting it cheaper. The company may feel the need to file and use that protection to sell it higher like Nortel did. Shareholders at this level would probably be ok but filing appears to be a likely outcome
The bad news is that WSJ may have pushed EK into bankruptcy. With Moody's action and everyone expecting bk, it is harder for EK to operate normally. Also, management's silence this time seems dumb at best if they are not gearing to file. Now, I am beggining to have my doubts. And so, I will be reducing position and waiting and watching. Will keep cash for any good or bad news scenario. I will accept this as another sad trade
BUT, I believe news by the weekend...
Just keep cash to double your position and wait. If they file at this level, you double down in the 20s, if they don't file till Jan 25th, you sell close to $1. If they sell the patents, you sell above $2. It is always a win BUT YOU MUST KEEP USABLE $$$$
WSJ: Mr Eastman's suicide note: "My work is done." What has that got to do with buying EK stock????? kandilikers! We will see who is wrong here. I am already down but I tons more down here and lower. "My work is NOT done"
That Seeking Alph piece confirms what I said earlier. Whether bankrupt or not, EK will sell above $0.70. Not an iota of doubt. You just have to not countenance the up or down swings - unless you want to trade in and out.
Anyone that wants to sell is already gone. Holding short here is like throwing money to the wind. Because, even in bankruptcy, this thing should still see close to $1 at least. Managed to add 6300 at $0.374
Only the cash at hand pays the debt. Or, Only the patents alone pay the debt. So, either way, you are looking at a company that has about $1.5b in cash now, and owns patents worth over $2b, plus a business trading at $120 mln mkt cap. A company that is worth over $2bl excluding debt. MONEY WOULD BE MADE HERE IMHO
To add to your list, why would they announce ER for Jan 26th and one hour later leak to WSJ that it was preparing for bankruptcy??? The article is just what it is...EDUCATED GUESS. EK is trying to restructure its finances...we agree. TYPICAL, if such efforts fail, the result is bankruptcy. Common knowledge you would say. However, someone managed to get WSJ to write a jargon on it for sensational effect. The RESULT is that most shorts covered on the fraud!!!
Read that and tell me anything new there?
Just cost me $400. Sold some at $0.445, then bought it back at $0.47 - losing out $400. CALLING FOR INVESTIGATION HERE
How can the SEC allow crrooks to play with the market like this????
People do silly stuff...but I got 7000 more at $0.627 total holding is now about 58000 avg $0.634
Why I Bot More: Delisting notice coupled with ER notice. This is one hell of a buy. Added 20000 more this am under $0.64 - bidding 15000 at 0.62
I hope it touches $0.62 again today. Triple down. Bot tons on Tueday at the low. Will triple or fourple it today...lots of free cash
Value Investor...you don't appeal a notice. You appeal a determination. It is only a notice that is likely to cure within the allowable time (if not this week)
Funny how a freak trade brought in some badly-needed January cash.
Sure sellers were surprised at the interest shown on HEAT these last two trading days. People know where values are...they just wait for the right time. 33000 holding to end the year. HAPPY NEW YEAR! Hope HEAT gets a better year in 2012
A little more heat...15k more. Total 30000. That's it for now.
Heavy and determined buying interest here today. Something is up. Haven't been following lately
Tax-loss transfer completed. Now, it goes up
Thanks. Bot some Heat principally bc I know know they did these two acquisitions for about $13 this year...so why is it trading for less that $13 million mkt cap....what about its own biz??? Also cash is greater than Mkt cap!!! Checked out OINK...incidentally they have this story of auditor change at close Thursday. Not comforting, but I believe HEAT is ok. Will buy more Heat today. I am also playing MOTR for Jan bounce
No, I pay the same to buy or short. I also have Scottrade and can't stand their silly $5 policy. I use it mostly for long positions.
Gator...not true. I use BOFA Merrill Lynch. Even then, IB and Thinkorswim (Ameritrade) will allow you. But I primarily short with BOFA.
Still a good short if you ask me. It will get to teens on the short term, BUT ULTIMATELY ZERO - guaranteed. I shorted this above $1, covered in the 50s cents...big mistake. Will short again today. Check my posts on this. Then when everyone was loading up at $1 saying some stuff about takeover, I craked up and told them...under 30 cents soon. Today is it
Got some Heat today. About time...stock now trades for less than cash OR the value of just their two purchases this year. Been looking at it but decided to see whether tax-selling would make it even cheaper. At another 52 week-low, can't think of any better entry point...got only 15000 at $0.30, will add more on Friday