KICKIN BUTT TAKIN NAMES
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LFGRQ
LOOKING STRONG!!!!!!!
LOOKING STRONG!!!!!!!
LFGRQ
SPNG
North/Latin America
INDEX VALUE CHANGE OPEN HIGH LOW TIME DJIA INDEX 8,901.00 -49.00 8,926.00 8,954.00 8,870.00 06:31
One of my newest loves
One of my newest loves
TZA 15min
TZA 60 min Renko
bottom is soooo close
TZA 60 min Renko
bottom is soooo close
TZA
Look at the 60min..looks like a falling wedge
Hey cha-ching....how you like this one??
TZA
Look at the 60min..looks like a falling wedge
Look at the 60min..looks like a falling wedge
Thats what I'm thinking Frenchee, The doji 2 days ago should have been the signal but now it hit the bottom bollie...
has to be ready to fly soon
Direxion Enters ETF Market
Rebecca Moore – 11/04/2008
Direxion announced its entrance into the exchange-traded fund (ETF) space with the Direxion Shares 3x ETFs, slated to begin trading November 5.
The new ETFs are a group of leveraged bull and bear index funds that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses) of the Russell indexes they benchmark.
The new Direxion Shares ETFs are designed to give investment advisers and sophisticated investors the ability to execute active trading strategies in all types of markets, according to a release. The funds deliver increased market exposure via 3 to 1 leverage, long and short of their respective indexes, and afford investors the opportunity to effectively allocate capital to seek improved risk-adjusted returns.
The new Direxion Bull and Bear 3x ETFs include:
* Direxion Large Cap Bull 3x Shares (BGU)
* Direxion Small Cap Bull 3x Shares (TNA),
* Direxion Energy Bull 3x Shares (ERX),
* Direxion Financial Bull 3x Shares (FAS),
* Direxion Large Cap Bear 3x Shares (BGZ),
* Direxion Small Cap Bear 3x Shares (TZA),
* Direxion Energy Bear 3x Shares (ERY), and
* Direxion Financial Bear 3x Shares (FAZ).
TNA
TZA
FUND SUMMARY
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Small Cap Index. The fund normally invests at least 80% of net assets in Financial Instruments that, in combination, provide leveraged and unleveraged exposure to the Small Cap Index. It also holds Money Market Instruments. The fund is nondiversified.
TZA
GRT
PRW
SCMR
Taken today. Borders store at Madison Square Garden
8-K 1 borders8kbody.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
December 22, 2008
(Date of Report; Date of Earliest Event Reported)
BORDERS GROUP, INC.
(Exact Name of Registrant as Specified in its Charter)
Michigan 1-13740 38-3294588
(State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification
Incorporation) Number)
100 Phoenix Drive, Ann Arbor, MI 48108
(Address of Principal Executive Offices)
734-477-1100
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM 1.01 Entry into a Material Definitive Agreement.
On December 22, 2008, Borders Group, Inc. (the “Company”) announced that it had agreed with Pershing Square Capital Management, L.P. on behalf of certain of its affiliates (collectively, “Pershing Square”) to extend, until February 16, 2009, the expiration of Pershing Square’s previously announced offer to purchase Borders’ U.K. based business interests (the “UK Purchase Offer Option”), consisting principally of substantially all of the shares of the Paperchase gifts and stationary business for $65,000,000, subject to certain conditions. At the same time, Pershing Square has extended the deadline for repayment of the $42,500,000 senior secured term loan facility from Pershing Square to Borders (the “Term Loan Facility”) to February 16, 2009. Other terms of the UK Purchase Offer Option and Term Loan Facility remain unchanged except that the approximately $1,000,000 repayment premium that Borders is required to pay Pershing Square upon repayment of the Term Loan Facility remains due no later than January, 15, 2009.
The foregoing description of the UK Purchase Offer Option and Term Loan Facility and the respective amendments thereto does not purport to be complete and is qualified in its entirety by reference to the purchase offer letter, dated as of April 9, 2008 from Pershing Square to Borders (the “Purchase Offer Letter”), the Term Loan Facility, and the respective amendments thereto, which are attached hereto as exhibits.
On December 22, 2008, the Company issued a press release attached hereto as Exhibit 99.1, announcing the extension of the UK Purchase Offer Option and the Term Loan Facility.
ITEM 9.01 Financial Statements and Exhibits.
Exhibits:
10.1 (1) Purchase Offer Letter, dated as of April 9, 2008, between Pershing Square Capital
Management, L.P. and Borders Group, Inc.
10.2 (1) Senior Secured Credit Agreement, dated as of April 9, 2008, among Borders Group, Inc.,
as borrower, the guarantors listed therein, the Lenders listed therein and Pershing Square
Capital Management, L.P. as administrative agent and collateral agent.
10.3 Extension of Purchase Offer Letter, dated as of December 22, 2008, between Pershing
Square Capital Management, L.P. and Borders Group, Inc.
10.4 First Amendment to the Senior Secured Credit Agreement, dated as of December 22,
2008 among Borders Group, Inc. as borrower and the guarantors listed therein, the
Lenders listed therein and Pershing Square Capital Management, L.P. as administrative
agent and collateral agent.
99.1 Press release issued by Borders Group, Inc. on December 22, 2008
(1) Incorporated by reference from the Company’s Current Report on Form 8-K dated April 9, 2008 (File
No. 1-13740).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Borders Group, Inc.
(Registrant)
Dated: December 23, 2008 By: /s/ EDWARD W. WILHELM
Edward W. Wilhelm
Executive Vice President and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
that's the spirit
i need a pair of them!
gotta go to a buck though....min list requirements
BGP
60min
BGP
60min
me too
so very very true....
Try these on
books..we should be able to get a discount,...
I can think of better things to watch, like Soapy's duck eating his toes
Looks good Soapy, I added a few things too. not so much to steal from their website that really good though
$$$$$$$$$$$$$$$$$$$$$
daily looks like more, but DONT ENTER TIL AFTER RUSH HOUR unless it dips at open...
Sure as heck did....