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Didn't they say this was worth $4 like a week ago? I am sure that analyst smokes more than I do. Or knows too much. It can't even hold 40 cents. I thought they would push it lower and dumped at 42 cents. Buying here though - still believe it's awefully cheap stock with all the pipeline they have. MANIPULATION is the name. I now hold about 60000 - bought most Wenesday and today around $0.34
Bankruptcy, I BELIEVE. Can't sell now, but reducing...
MAYBE if insiders start buying which I suspect, it might recover. It's just despondency and lack of belief in what they say anymore. If MF was lying with all the high-profile names it had, what stops Pension from so doing. I am with the bears even though I am long
Great buying opportunity for those that recognise one. Got 5000 more at $1.10. Now holding 28000
Results in and great IMO considering market conditions and stock price. This thing will flyyyyy! Australia and UK almost sold...accounted for as discontinued. Pension to buyback once the sell is complete "take advantage of attractive stock price"
I guess you may turn the lights off now. Or, It is safe to shut down your PC.
IBKR talking rubbish about the transfer of MF customer accts. The fools missed out huge from acquiring this thing and being World #1. All they needed to do was to add a Clause in the purchase agreement - that the "Purchase/merger was subject to certain conditions, including the clearing/crossing of all customer accounts." Now, others are enjoying its pie and it is loud-mouthing.... kandilikers they are
yes. They ran it up, attracting short-term/day traders. Then they slowy brought it down, forcing the day guys to exit with painful losses. On a satirical note, I think we should just go bankrupt like MF. Only then will it assume normal trading. Glad I held off adding, except for the samll add I did in the am b4 the run-up. Meanwhile look at all the money I made today at PEIX...ethanol is smoking!
Adding at $1.26-$1.27 8000. This business is really controlled by some sick mamaefers. How can this fly to $1.45 and they methodically bring it back down to the starting point - trapping daytraders and flippers. 1.5 million shares and nothing????
What a day. Got some 4000 of PNSN this AM at $1.26. Someone quickly pust it to $1.20. I tried to get more at $1.21 but it didn't fill. So I went off to play PEIX and SPAX. Looked back now to see this all green. I bet if I had bought more, the SEC would be examining me for IT. Because I bought after the first 100 share sale. Nice, WE WILL SEE OVER $2 again! Adding shortly.
Another 10000 at $0.39, now holding 20000. Will relax for now. Lots of game playing here ... just like all small issues heading up. They did it at PEIX, but I made about 100% in the past week there
New here, 10000 at $0.41 or less. Will add more if it goes lower or if it starts moving up
First it was $1b. Now $600mln. So the money is there, but just trickling in as the attorney said. To think that IBKR walked away from a monster opportunity because of this is plainly DUMB. Even the Bloomberg piece worte this:
"A source familiar with the matter told Reuters that regulators are still not sure where the money is, and why they can't find it.
MF Global maintains that any shortfall is the result of money stuck at banks that handled its trades or unintentional bookkeeping problems, the Journal said, citing people familiar with the matter."
That is why there's a lot of interest in this stock. If that money comes in, you will be looking at combined excess of $2billion over assets (including the subs that did not file for BK). IBKR may just have lost out here - IMO
CME Statement Suggests No Missing Money: CME holding excess collaterals belonging to MF. CME stated that, last week, MF may have tried to "side-step" CME audit by moving some customer funds. Notice how the stock moved back up...some investors know the money is there. The attorney stated to the COURT that the money is there. CME just said that it is holding excess collaterals of MF. IMO There is something in this hole that is worth digging
WSJ - Trustee just filed for approval to transfer customer funds. This will be a winner when everyone realizes that the customer funds are there and that the liquidated most of the SV holdings
"My bet is $0.07" You must be smart with this kind of number. How did you come up with it?
I held over the weekend, but sold at $0.307 this am knowing that it always pulss lower. Then to recalibrate. I have bought all back and added some 5000 bonus at $0.20 or lower. This will get up to $0.50 IMO. Why...because, every evidence is pointing to the fact that the assets are there. The attorney told the court that the missing assets are trickling in because they are "slower to clear." Also, CME just announced that all customer assets executed in its exchange are fully accounted for. So, with declared assets far outstipping debt, there is a decent chance that $200 million or over $1 is there somewhere for shareholders. Nothing is certain, but if it was $7 a month ago, there must be a reason. It just cannot vanizh. Even the Chinese scam stocks are still out there trading and rising. Just made some $$$ on Longtop this am. Can you believe that? So, I now hold 20000 of MFGLQ. Note that it is all a GAMBLE!!!!!
UPDATE: Also note that the US Broker Dealer did not declare bankruptcy. The attorney said that all the assets are held by that subsidiary. The Indian Subsidiary is still in business. There is some money somewhere for us...just how much I DON'T KNOW
Bought back at $0.20
OUT FOR NOW...$0.307 too. May buy it back sometime lower. Lost a little money on it generally. It's just the lies otherwise they could have sold fine.
Average MF employee salary was $184000 per year, $46000 per quarter or $15333 PER MONTH. 3000 professional employees paid like that, them there are other artisans and lower level workers. You could see why they needed to scam people to sustain that level of waste. How can that happen anywhere in the Western Hemisphere - House of flowers?
ANd these are 3000 people that produced NOTHING! No Corn, no maize, no potatoes, no Ipads, no cars, no tyres, no tools, not even candies! The just play poker games with paper money and forge up their books, scamming us real workers of our hard-earned money. And yet, they are not in jail. They raom in their Posches, immoralizong our daughters and doing drugs. And we say that is an industry? Industry?
The Maddoff we put in jail is ruling us from there. Shocking to think that a US company, headed by a top politician and Wall Street guy is doing worse than the Chinese. If you could not rely on something Jon C wrote and delivered to investors just a week ago, what is reliable about this House of Poker industry that produces nothing but controls our economy. Why must we permit crooks to play poker with our lives...was there no way the SEC could have verified what is going on at this MF Global scammer? I lost just about $3600 on this. As small as the amount is, it is depressing that it should happen given what this scammers put out there.
Only came down less than $0.10 with all the noise, I am DISAPPOINTED IN SHORTS and their machinery. With a tripling down at less than $1, I actually made more money today than at high of Thursday
Just saw a high of $1.83...was in a meeting. Did that really happen anyone? Proud of myself anyone in bracing all the negative NEEEEEEEWWWss and loading up including at $0.90
Sometimes I wonder which school these traders went to. I don't have their background, but I know enough that, at $1.00, this is a monstrous BUYYY...and THEY GET PAID TONNS...guys at Moodys, Fitch, "ANALISTS," etc. Look at all these money I am making on their fear
MF HOPES TO REACH DEAL BY MONDAY FOR FUTURES UNIT
I bought this today. Big Money kept it down for two reasons: To chase out daytraders, and to protest the continued conversion of the CDs into shares. But I looked at the PR and a quick glance at the books and you see a stock that should trade over 100% where it is now. IfSo far, $27 million was converted to 40 million shares at $0.68. Even if they decided to convert the remaining $6.4 million (there's no reason for that with all the cash they have) it will come to about 4.3 million shares and combined with the previous conversions would be $0.63 per share. The entire share count would be shy of 61 million. However, if the current earnings rate persists, at about $0.10 - $0.12 quarterly, OR $0.40 -$0.50 yearly per share earnings, the stock should be about $3. So, at $0.37, it is free money tripler!
Shorts, Fitch, Raymond James, Moodys, are all the same. They always figure out a way. Watch as this thing goes up in coming days after the mostly covered today. Glad I sold some premkt b4 their attack. No wonder OCCUPY WALL STREET is booming!
The daytraders are rushing out. They jumped in premkt at $0.40 and seeing that MMs want it their way, they are giving up. Expect this to pull up towards EOD and head up in coming days
Now that those kandilikers know that I sold, I am surprised that it is not up yet...or maybe because I still retained a little of it. Maybe I should sell that to help some longs here - or that's why it is firming at $1.29
It is now a free ATM sell $1.80, buy minutes later at $1.64 on same news nothing more...
MAYBE SHORTS BELIEVE THAT BY SELLING AT PUBLICATION OF DIFFERENT VERSIONS OF THE SALE NEWS, MF MANAGEMENT WOULD ABANDON ITS SALE EFFORTS AND FILE BANKRUPTCY INSTEAD. PEANUT BRAIN THINKING
Someone just posted "MF said to seek buyer within days," some idiot dumps shares down to $1.58. There are a lot of mentally unstable traders in this business. Who has not read that MF is seeking a buyer since Wednesday morning???????????/
Glad I got out of this mess called PNSN. Recovered all my losses from MF...in at $1.20 sold today at $2.08. Just came to take a look. No insider buys to move it up, tons of shorts, it is a mess. Still retained 3800 but if I had sold it and bought even the dead and dying Chinese scam stocks, I would have been bettered! PNSN is a nightmare
Raymond James downgrade to MP...giving shorts more covering time. I bought all back at $1.63
Now bidding at $1.90 to buyback the 3000 I sold premkt - THIS IS IT...this may see $4 with short covering
Imagine being one of the 29 million shorts on this???
Today is my pay day. Now over $2. Sold 3000 at $2. Still keeping 16000. Life is GOOOOOOOOOOOOOOOOOOD!
What are they saying on CNBC making these dumbies to sell at $1.65s? Not watching it? Going over $1.8 tonite
Value-investor...hope you made ome money over at MF today. I saw you there, although it appeared you pulled out before the last-minute run. I got several thousands at $1.18, sold 10k at $1.76 and still hold 19000. It is going to $3+ IMO...$1.80 now AH
Now, you take me seriously next time. Still holding 19000 avg $1.18. Sold 10000 - just in case it pulls Thursday to buy it back. This is going to $3
Bought at $1.15...holding till "thy kingdom come." WHY WOULD ANYONE SELL BELOW $3? Short covering hasn't even started. Maybe around $1.90, they will start. As always, it is easy to know when to short, but not when to cover. See my prediction on another thread below
Thinking about adding more. Just sold my CLWR. This is a doubler opportunity IMHO...and seriously doubler in days not months