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Just picked up 22,000 shares of SPNG on the violent pullback at .191 .
Guess it wasn't the best move. hahaha
Let's see how much market value I can lose.
Anything that runs up like that imo you should sell it all, short it, buy to cover, buy shares, sell em all, short it again, etc.
I know you like to hang onto free shares, but I say play it as many times as you can.
I was unable to borrow the shares. Too many people had the same idea.
Just wanted to short a thousand shares and make some easy money.
I was unable to borrow shares of SQNM to short.
Bummer!
Sure would.
Wait for SQNM to go over $5 again and short it. Easy money imo.
They are buying claims (debt) not shares.
"If your business is owed money by a company in bankruptcy, liquidation or other distress, Hain Capital Group ("HCG") can purchase your claim, provide you immediate cash and relieve you of the burden of managing the claims process. HCG is a principal purchaser of distressed and bankrupt customer receivables, charge-offs and other types of bad debt including damages arising from lease and other executory contract rejections in bankruptcy.
One of the world's leading buyers of bankruptcy trade receivables, HCG makes the process fast, uncomplicated and transparent. We deliver as promised — creditors are paid within five business days. "
http://www.haincapital.com/
Once SQNM goes over $5 again, short it.
Not exactly sure. They probably have to have it filed /dated today, but I don't have enough legal experience to answer that with accuracy.
Sold out of it this morning, and as of now I'm glad I did.
It'll just be more of the same.
Nothing earth-shattering will be included in their response imo.
It is a good buying op right now, imo, but I'm still waiting.
There's gotta be a reason why no big money is coming into this right now.
I was being fecicious .
Only 496 shares of WAMPQ traded so far.
Some pretty heavy volume this morning.
See if Bonderman will throw in some cash.
Thanks for the links. I personally feel that any shareholders that go after Lewis are complete morons because both of those deals are going to make BAC bank. They are probably the same idiots that didn't load up when it was trading at $3-3.50 .
I agree that his timing of certain statements might not be consistent, but I believe there was pressure from the Fed/Gov
and also believe that he and his team were obviously the ones that made the ultimate decision.
Plus, anyone who thought that MER and Countrywide wouldn't come with bad assets and losses wasn't doing their homework.
BAC's acquisitions have put them in a position to make a lot more cash than they otherwise would have made imo.
Thanks. I still think it was just somebody with an AON order that got filled.
I have been looking but can't find anything. It is on the move though, and the traders can't even really keep it down.
Wow. You're sharp.
I'm not certain what happened, but I just think it was a trader that saw a couple of 10,000 share GTC buy orders sitting their with a limit of $19 and he took 'em down.
He could have sat around waiting until there were 20,000 shares worth of bids at 21+ , or he could just take down the orders sitting their at $19 .
AON orders don't show up on level 2, and if the trader wanted to sell 20,000 shares at $19 a pop for $38,000 , then he has every right to do that.
I'm not sold on the pre-arranged theory.
There wasn't $hit for volume all day, and if I had 20,000 shares that I bought at $2-$5, you can bet that I would part with them for $19 if I could dump them in the blink of an eye.
IRE = Dividend yield sitting at 34.47% at current prices.
It was up another 11% today (1.28/share) and will likely continue to rise, even though it is already up 100% in the last month.
AIB = Dividend yield sitting at 43% at current prices.
It was up another 20% today (1.13/share) and will likely continue to rise, even though it is already up about 300% in the last month. It could go up to $28 per share and the yield would still be 10% +.
IRE = Dividend yield sitting at 34.47% at current prices.
It was up another 11% today (1.28/share) and will likely continue to rise, even though it is already up 100% in the last month.
AIB = Dividend yield sitting at 43% at current prices.
It was up another 20% today (1.13/share) and will likely continue to rise, even though it is already up about 300% in the last month. It could go up to $28 per share and the yield would still be 10% +.
The same place everybody else got 'em. I'm sure you remember where this used to trade at. Sales at $19 are still HUGE gainers for whoever sold them.
They could drop this down to $10-$12 and still be making money.
I say they were All-or-None orders set for 10,000 shares at $19.
That's a nice trading range today.
.0054 - .014 with a close of .0087 .
Low volume, but it looks like people need to start fighting those traders for position and force some action.
I'm not in , but I was watching all the trades pour through for the last few days, and if it wasn't for the traders hopping in from of each other for positioning, the thing would be at a buck already.
HUGE BUYS pouring through all day long.
Crazy, crazy action.
If you want cheapies like that, imo the best way to do it is set a GTC all or none order and don't touch it.
When you set an order, move it up, move it up again, and so on, they won't give 'em to you.
It is too funny watching people put bids in, then move 'em up, move 'em up again, and then eventually hitting the ask.
Be the bid, and if you have 10 grand or so, put in a GTC AON order at 18-20 and I think you'll get filled.
I didn't get any 19s, but I got 20.25s a couple of weeks ago when people were paying 22 and sold them the next day when antsy bidders kept moving their bids up.
NP. Who knows, maybe this will start moving up without news, but I still want it to go a little lower for the time being. I want as many shares as I can get before the news so I can sell 'em on the run, buy back on the first dip, then sell 'em again, and then wait for the split.
Lookin' like it's northward bound.
Don't listen to the people that don't do their homework.
Even if it goes back down for a while, it will only be temporary.
Congrats.
hahahaha Could have had the double on CPST but got restless, got out of DPTR too early twice, yadda yadda yaddda.
From now on I will just tell you guys when I sell, and you can use that as an indicator to buy.
Swieca to leave Highbridge as J.P. Morgan swallows firm
http://www.marketwatch.com/story/highbridge-founder-jumps-as-jp-morgan-takes-over
I keep checking the newswire, and nothing yet.
Mine too.
We'll see how my recent decisions treat me. I gotta start holding some of my picks a little longer. hahaha
There are other people that do much more than I do, like those who are always attempting to tell the story to news orgs.
I had to give that up a few months ago, about the same time I stopped going after JPM, although it was fun while it lasted.
Dimon doesn't like me very much, and I'm guessing that his investor relations team appreciates me not making them forwarding accusations to that POS.
Seems that either these pharmy companies either explode or go down the tubes.
Who knows, maybe it will be a good bounce play, but I'm not touching it either.
Could be something big for us, could be something bad for us, or maybe no such document exists.
I was just trying to do my daily digging and was searching for docs that haven't been uploaded to the site, like the transfer of claim to Riverside Claims, LLC. , and noticed that Friday's dcn #s started with dcn#s that ended in 02 .
Might be reading too much into it. Not sure.
On the newswire I see not-so-good headlines.
"Oscient Pharmaceuticals Discontinues Sales Force Promotion of ANTARA and FACTIVE"
Should be able to find that one on the web by now.
AND
"Oscient Pharmaceuticals (OSCI) Resumed Trading"
but the second title doesn't have any text attached to it yet.
Also, this can't help.
*Nasdaq FSI: Delinquent: Issuer Missed Regulatory Filing Deadline
IMO, something was filed on Friday that "they" don't want anybody to see.
KCC uses pretty standard dcn #s when they image things starting with the case #, followed by the year, month, and day.
There are 3 documents from last Friday uploaded onto the site, but the final 2 digits of the first document uploaded end in 02, and the subsequent 2 filings that were uploaded to the site end in 3 and 04.
I think there is a document that was filed that should have the following URL, but no such URL exists.
http://www.kccllc.net/documents/0812229/0812229090605000000000001.pdf
What do you all think? Do you think there is a document that should have the above # assigned to it, or do you just think that KCC just mistakenly assigned the first dcn # ending in 02 ?
Riverside Claims, LLC. starting to buy up claims too.
http://www.kccllc.net/documents/0812229/0812229090611000000000002.pdf
Maybe because they are patiently waiting to hit their targets as opposed to me who sells-out early.
I don't know, but you guys are all great. I never add anything of value, but you guys provide excellent charts, analysis, and picks.
I love this board!