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My opinion exactly. A restatement of 2009 is probable (likely minor), possibly added time to do the SAS99 requirements was required, and an NT needed. If any of these were 'leaked' it would have a negative impact on pps especially with the short pressure. And possibly the option action indicated that these situations were leaked. But, regardless, the current 10K results are exactly as we expect. So a halt was receptive by the SEC since they recoginize the attacks on the company and the obvious naked shorting. All in all, a good move by CCME management.
So you do the 2009 restatement at the same time as the 2010 10K and the 10k is a blowout as we know. Good move.
Maybe she is doing what a neutral observer should do, don't be all positive and don't be all negative.
We really made CCME a target. Next time we do the 10 Amigos, let's put in three pseduo names and then talk about the real top three on a private board.
Delay understandable. Coordination problems. Multiple agencies, new PR firm, filing extensive documents with the SEC, maybe even multiple companies for cooridination.
I expect a slight restatement on 2009 (may even be a plus up) and and NT but with good revenues and earnings included.
tothe - that sounds right and also good.
Do you see a lot of naked shorting? Answer, yes. Getting in deeper, and deeper, and .................
And remember, the number of naked shorts shares is infinite.
CCME - I think Jun. calls. Q1 will be out ~ 15 May and it will have the first SWITOW dollar values.
Maximum Pain - An NT on the 14th and state 10k to be filed on 21 Mar. No revenue or earning data in the NT. Let them guess all week of thre 14th and have no time to develop a strategy on the 15th.
Another great posibility, but what is its impact on a potential short squeeze?
Notice total silence and trading waiting for joe.
Tell Focus Media they can buy 7M earnout shares for $20.
What's happening? They just digested Newport's data that there is no way for shorts to get out of this alive.
Believe you have it. Covering still needed but with no drop dead date? Is that correct?
Wouldn't it be interesting to see them guess if the 10K came out after the 18th.
CCME keeps my blood pressure up, but wouldn't it be interesting if the 10K came AFTER options expiration. They wouldn't know which way to go.
'List of IRs called' - Suppose you want them in order called also?
"Fairley quiet today" - I'm always nervous about puting things like that in print.
Speaking of Monday - There is no SEC quiet period prior to earnings, only IPOs.
Read some comments:
In its most common securities law usage, in connection with a company’s initial public offering or IPO, the "quiet period" refers to the period in which a company is "in registration" – generally meaning that the company has affirmatively decided to undertake a public offering and sale of its securities.
For years, publicly traded companies have been citing rules from the U.S. Securities and Exchange Commission as reasons not to discuss almost anything related to corporate operations in the weeks preceding a quarterly report. "SEC-mandated quiet period" often becomes a boilerplate phrase for public-relations personnel when earnings are less than a month away.
Yet it's not even an SEC rule.
Quiet Period. Most investors do not know what this is. Many companies insist that they are in their quiet period before earnings releases and refuse to comment.
Had to go to Phoenix today. Just reviewed the ~ 350 postings. All I can say about the possible strategies is that all shorts are not short from the same level. Seems MMs ARE deepely involved. Also agree with Burp. "My brain turns to goo when I try and think of all the possibilities... "
Our mole in the shorts daily strategy conference call says they are in a state of confusion.
Yes. Even daytraders are afraid to sell at any point as it seems to never stop.
To management - don't get complaicient. Stab them in the heart tomorrow.
MW, yep poor performance. Only gave some shorts to maybe cover ~ 500,000 shares.
No! CCME is in the intercity busses, not the local busses.
It's not the hit piece. No one beleives it. It's the cooridnation of a false hit piece with traders which use naked shorting. How illegal can you get? But i'm not worried because the SEC is right on top of this.
Open interest -
Scottrade Calls, $5 - 1532; $7.5 - 4356
Seems correct to me. So the strategy is find a bigger fool? Always seems to be one.
So if your correct, they will cut thier losses in about half.
I love it when 'someone' finds a Chinese web site extract, translates it for me, and it always negative on CCME.
"however this depends again on how many contracts they can write."
And how many the MMs can deliver? Isn't that a big problem?
Up early in Greece?
No. They just may be cushioned in losses so they can not cover until later. But too what degree can they make money on the strategy and accept losses on the lack of short covering. That was my question. How well can this cushion their short losses? Some have pointed out here that short levels remain high long after you would think they should have covered. In the case of CCME, it may be a religion for them.
Then if an NT is their dream, I'm sure that everything is being done to get Delotte on the fast track, including a little extra fee if that is what required. A good use of some of that now ~ $200M.
Understand the strategy and the possibility that the shorts have 'drawn-in' the MMs on their side. However, if this will soften the loss potential for the shorts, it won't really wipe it out, will it? To what rough percentage will this soften the shorts loss if after the 10K we go to, say, ~ $18. Any guesses?
Not on the shortable list? It could mean that by the rule stuftepete posted this morning that after a stocks goes down 10% it is no longer shortable. However, it hit 10% at mid-day and it didn't stop them. So it likely means that the broker JUST discovered that it went down 10% and therefore it is no longer shortable for the rest of TODAY. Oops!
10,000 @ 12.75 AH & 7976 @ 12.83
Buy of 26,000 @ 12.90. Nice!
It's only a rule, like can't pass when the yellow line is in your lane. If not enforced, ignored. Our SEC again. Why make a rule on how naked shorts are handled when naked shorts are already illegal?