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Heading up to .45.
The last time we were this close to a Markman the share price headed to .54. I think we hit .45 this time around. Get ready for some major buying and high volume in the next 2.5 weeks. Get in now and ride the wave up.
Activision has been trying to avoid the very event nearly here: the Markman. It has been fairly clear from the start that WDDD is favored to win the Markman hearing, so Activision's best defense has been to avoid the Markman hearing altogether. The games are now over, and we have one of the best patent litigation attorneys prosecuting what by all appearances appears to be rather obvious patent infringement. Get ready for some major dollars to start entering WDDD soon.
I'm back in WDDD for the Markman run up. Things are just getting started here and it looks like the share price should head at least into the middle .30's in the next 2.5 weeks. GLTAL.
It is already starting to happen. Like I said, we should rise back up to about the $1.50 level in the coming weeks, if not this week.
Okay. When the share price is trading at $1.10 before noon on Monday then we'll see about that. GLTY
I love it! This is great news for longs. With that many shares sold short yet VRNG will bounce quite high in the coming weeks. Now is the time to load up. I plan to buy a bunch more Monday morning and hold for a while.
That is hard to say. If there is no news, I think we will gradually creep back up to the $1.75 range over the next 3-4 weeks; if we receive news, that will change everything. Monday? Who knows. If people realize the huge discount VRNG is now trading at, we might be at $1.50 on Monday. And yes, I meant $1.50.
RD,
I hope you didn't go short on Friday after the news. The bottom has already been put in at $.67; next week we will start trending up to the $1.40-$1.60 range while we wait for news. If news or updates hit, then bumping up against $2.00/share is not out of the question. You sound like someone desperate. If someone was short VRNG from the $3.00 range and is still holding, then they are hyper-greedy, and a bit unwise, and deserve to lose some money when the share price heads up. I suspect the wise, savvy shorts have covered or will be covering en masse on Monday. They made a ton of money; sticking around here for a few more pennies is hardly worth their time, especially with the upside potential of the stock at these levels. Again, if you went short Friday after the news, have fun with that.
Tink
I agree. I have my buy order in at .007 and expect it to get filled.
We'll be back down to the .008-.009 range soon.
ORC's book value is about $12.70/share right now. The company is required to pay out 90% of all it makes in dividends, therefore, the book values on these generally do not go way up or way down extremely fast.
As the sustainability of the dividend, before I invested here I called Rob and asked why they are able to provide such a large monthly dividend compared to their competitors. He said that during the middle and end of 2013, many of ORC's competitors were forced to de-leverage, but ORC did not have to deleverage at all. In other words, while ORC's competitors might be leveraged at 4-6 times, ORC is leveraged at 9-12 comparitively. I don't remember the exact leverage numbers, but they are much higher than the competition. So as long as the spread between 5 and 30 year treasuries persists, ORC will continue making money hand over first and handing out massive dividends.
I sold at $8.95. There are 377 million shares in the float, and only 4.5 million have traded after hours. Tomorrow morning there will be a huge influx of sellers wanting out with their 100% gains, and I cannot blame them. Look for a significant pullback when those sellers hit the market. I'll buy again after the price pulls back down to the $6.00 range. After hours and premarket pops are almost always much higher than the pop during the regular trading hours.
The dilution helps raise the market cap and help them obtain better financing terms, but the dilution followed closely on the heels of the raised dividend. Now that they have achieved their $100million market cap objective, there is no reason to continue the high dividend. I won't be surprised if the dividend is substantially reduced and if the stock price heads back down to the high 10's. Bimini is not known for being shareholder friendly in the way they manage companies (think ARR); ORC looks like it is doomed to follow the same course as Armour, though I hope it doesn't.
Grabbed some more. Staying put now with 75,000 shares. GLTAL
Yep. The momentum is going to start building from here on out. The ground floor, in my opinion, has been reached, and from here to the end of the year, I think we will see a steady increase in the price/share. The darkness and fog is lifting. GLTAL
I grabbed 50,000 shares yesterday and today. A small position, but I think we are ready for a leg up now. GLTAL.
I just grabbed 5000 shares this morning. I like the floor that's been put in and think we'll be back up into the mid to upper 8's by early next week. GLTAL
The PR put out this morning is exactly the kind of fluff I was saying needs to stop. The PR's released are starting to make SCRC look like a sham, pump and dump company. I trust it is not, but the PR's released at just the time when major holders are unloading appears to be nothing more than a carefully crafted plan to get buyers to buy into the massive selling.
For the sake of loyal longs, I hope the PR games stop and actual revenue generation morphs from theory to reality in the not so distant future.
RSH will do fine in the future. The stock will slowly head North from here and level out somewhere in the high 2's or low 3's until the next quarter. The changes they plan to make will be the driver of the stock from here on out, and how those plans work will be the next catalyst.
Bsav,
Even if I don't get in (and if the price doesn't drop farther, I won't buy in), I hope you make a lot of money here. It aggravates me that so many loyal shareholders like yourself who support the company and know the story get burned by paid consultants and others who get free shares handed to them. I hope your massive investment here pays you back handsomely in the next year or two.
Cheers
I'll enter if the price drops to 8 cents, and only with an initial entry that's small. What concerns me with this stock is the absence of any real, substantive short term catalysts. Fluff PR's aren't going to do it anymore; Bob needs to produce real numbers or the stock is going to head to a nickel or lower. GLTA.
Cooler,
I asked this a while back, and ask again today: is SCRC worth investing in at 10 cents/share or not? I am thinking about throwing in a buy order around 8 or 10 cents and seeing if it gets filled, but I don't want to buy into a losing, going-nowhere company. Right now the stock is nearly dead. Any thoughts? TIA.
Tomorrow we go ex-dividend and so will start the day down 18 cents. Couple that with the looming share offering and it suggests the stock will start nose-diving from the current price range. It will be interesting to see where they price this next public share offering; I think they will price it right around $12.00/share. I have sold out of my entire position of ORC right now and am waiting to buy back in once they announce the price of the offering.
I just got immediately bullish on PGRX for a couple reasons:
1. They have a plan to pay off their debt. Finally.
2. My guess is they have a rather large buyer lined up to soak up most of the shares in the public offering.
3. Frequently when folks announce beforehand a public offering, investors will drive the price North for about a month while the company awaits SEC approval for the share offering. My guess is that by the time they offer the shares, the price will be back above $2.00/share, and they will offer the shares at about $1.50.
4. Reserving the right to do a reverse split is, in my opinion, less about bringing the share price above $1.00 and more about bringing the share price above $5.00 for the sake of institutional buying.
All in all, I think the scenario is bullish and will yield, especially in the short term, a pop in the share price.
GLTAL.
Tom,
I did a comparison between ORC and some competitors (Most notably AGNC), and if that comparison means anything, ORC's 4th quarter results are extremely good. The market open will tell us what investors thought of the results.
Given ORC is doing another public share offering soon, they have confidence in their ability to make money. They are growing the company rapidly and investors are buying into it simultaneously. This tells me ORC's business model is capable of sustaining growth and high yielding dividends. We'll know more as time progresses. Hopefully we have some wise accountants here who can comment. Best to you.
Cooler,
I noticed SCRC stock price has taken a beating lately. In your opinion, at the current price level (.12 cents, give or take a penny) is it worth the risk/reward? Or do you believe the company has shot every single PR bullet they can shoot, and now that investors are seeing through it, the stock is going to plummet much farther? I am interested in your thoughts.
TIA
With gold and silver reserves bringing AGI's total valuation to about 9 billion dollars, the current 1.2 billion market cap is way undervalued. Look for AGI to begin a gradual uptrend from here, beginning with the February 20 earnings call.
I have parked a large amount of money in AGI for the sole reason that it has almost downside risk and a huge upside potential over the next couple years. In the short term (6 months), I look for a price target of $12.00-$12.50; in the long term (2-3 years), I look for a price target of $17-$18. Couple that with the dividend and you have a great investment here.
From the AGI Yahoo Message Board post by JJ:
I'm holding out until the February 20 earnings call. AGI is severely undervalued. Read what Rupert Hargreaves wrote about AGI on February 12, 2014:
"Short-term pain, long-term gain
Alamos Gold is one of the more interesting gold miners on the market right now. The company has a strong balance sheet with a total of $437 million in cash and short term equivalents at the end of the fiscal third quarter, around 38% of the company's current market capitalization.
The company owns and runs the Mulatos gold mine in Mexico, one of the lowest-cost gold mines in the world. In fact, Alamos is producing at Mulatos for an all-in sustaining cost of $800 per ounce of gold produced -- that's more than $100 less per ounce than industry-leader Barrick Gold's AISC.
Unfortunately, Alamos' volume is expected to fall during 2014 by around 30,000 ounces, and the company's AISC is expect to rise to just under $1,000 per ounce. However, this slide in production volumes and rise in costs is only short term as the company transitions from open pit to underground mining for a higher quality of gold ore. Production is expected to rise back to 200,000 ounces per year during 2016.
All in all, Alamos recons that it has 6.6 million ounces of gold in reserve and nearly 36 million ounces of silver. To put this in some perspective, with gold currently trading at $1,260 per oz and silver trading at around $20 per ounce, Alamos' reserves are worth an estimated $9 billion, compared to the company's current market cap of $1.15 billion."
Long story short, when AGI releases its numbers, including reserves and total assets, it is going to move into a gradual uptrend. A company trading at 1/8 of its total valuation will head up eventually.
GLTAL.
Thanks for the information.
I have started a very small position here, but hesitate to make it much larger. When you have 20% of the float sold off, down 30%, that does not speak well for the future of the stock. I would be more bullish if the strike price were lowered and no one sold, but it looks like they sold quickly. This tells me the warrant holders were probably complaining to management that they wanted out, since they had a pretty good idea the share price would never hit $4.50.
All in all, it looks like PGRX is done. I took a small gamble, but I highly doubt it will pay off. GLTAL.
Orchid Island Capital Announces February 2014 Monthly Dividend and January 31, 2014 MBS Portfolio Characteristics
53 minutes ago - DJNF
Orchid Island Capital Announces February 2014 Monthly Dividend and January 31, 2014 MBS Portfolio Characteristics
-- February 2014 Monthly Dividend of $0.18 Per Share
-- January 31, 2014 Estimated Book Value per Share of $12.76
-- MBS Portfolio Characteristics as of January 31, 2014
-- Tax Characterization of 2013 Distributions 100% Ordinary Taxable Income
-- Company to Issue 4th Quarter Earnings after the Market Close on Tuesday,
February 18, 2014
-- Earnings Conference Call will be Held on Thursday, February 20, 2014 at
10:00 a.m. ET
VERO BEACH, Fla., Feb. 11, 2014 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the "Company") (NYSE MKT:ORC) announced that today the Board of Directors declared a monthly cash dividend for the month of February 2014. The dividend of $0.18 per share will be paid February 28, 2014, to holders of record on February 25, 2014, with an ex-dividend date of February 21, 2014.
The Company intends to make regular monthly cash distributions to its stockholders. In order to qualify as a real estate investment trust ("REIT") the Company must distribute annually to its stockholders an amount at least equal to 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain. The Company will be subject to income tax on taxable income that is not distributed and to an excise tax to the extent that certain percentages of its taxable income is not distributed by specified dates. The Company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future.
Estimated January 31, 2014 Book Value Per Share
The Company's estimated book value per share as of January 31, 2014 was $12.76. The Company computes book value per share by dividing total stockholders' equity by the total number of shares outstanding of the Company's common stock. At January 31, 2014, the Company's preliminary estimated total stockholders' equity was approximately $69.1 million with 5,411,665 shares of common stock outstanding.
ORC's book value, after the capital raise, is about $12.80, give or take 15 cents, depending upon the market. Any entry point below book value is a good entry. We'll know a lot more in the coming weeks about how much money ORC is making; look for a great Q4 report, and a boost to the share price on account of it.
Nice entry point. It is nice to be in a stock where you can make 1.5%/month on the dividend, and still be below book value with the share price, making it very possible to make money both on the dividend and the gradual appreciation of the share price. GLTY. Welcome aboard.
Yeah...if VRNG makes it down to the mid 3.40's, I'll buy in again. It looks like this stock might never become more than a slow bleeder occasionally interrupted by major spikes when news hits. I think it will remain this way until they can report quarterly income, and who knows how long that will be...
GLTA.
AGI has nowhere to go from here but up. It is way oversold and undervalued, and while other miners trade sideways, AGI is going to slowly rise back up to previous levels. If gold takes off, AGI will really take off, but if gold remains range bound, look for AGI to head back up to the $10.50-$11.50 share price range in the next few months.
Thanks. IDRA and GALE both look like they are at good entry points down from their peaks. I'll look more into them.
ORC is looking very good here. The earnings call should happen sometime in the next 1.5 weeks. I look for it to be a positive catalyst since the 4th quarter of 2013 was such a money-maker for Orchid. GLTY.
Hi Cwell,
I started at .1411, then lightened my load when it appeared I bought too high. I thought the stock would bottom out in the .05 range, but it didn't. I bought a bunch between .105 and .11 and left some dry powder in case it really plummeted. I thought it would take a long time to reach the .175 level, but it didn't. GLTY. If SCRC plummets to the .1 level again, I will be a buyer unless the fundamentals have changed.
I did not buy the amount of shares I thought I would initially because SCRC is riskier than I originally thought. But if the company is as solid as it presents itself, then there is much more money to be made here. GLTAL.
You win some; you lose some. I won on this one this go-around, but I have lost plenty elsewhere :).
I think ORC is going to be a gem of a stock to own in 2014. Do you own any stocks which you think will be good performers in 2014 and beyond? If so, do you mind sharing the ticker symbols?
TIA.
I loaded up between .105 and .11 after I lightened, and then set my sell limits between .155 and .17
You're right, I only owned 80,000 shares when I started selling, so my gains were not huge, but hey, over 50% gains is fine with me.
If SCRC is the company that it claims it is, then my gains will be very small compared with those who hold for months and months.
GLTAL.
Orchid Island Capital Announces Closing of Sale of Shares Pursuant to Full Exercise of Underwriters' Overallotment Option
7 minutes ago - DJNF
Orchid Island Capital Announces Closing of Sale of Shares Pursuant to Full Exercise of Underwriters' Overallotment Option
NEW YORK, Jan. 29, 2014 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the "Company") (NYSE MKT:ORC) announced today the closing of the sale of 270,000 shares of its common stock for net proceeds of $3,157,650 pursuant to the full exercise of the underwriters' overallotment option granted in connection with the Company's public offering that closed on January 23, 2014. All of the shares in the public offering, including the shares sold pursuant to the overallotment option, were offered by the Company. The shares are listed in the NYSE MKT under the symbol "ORC."
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., and Oppenheimer & Co. Inc. acted as joint book running managers for the offering. Mitsubishi UFJ Securities (USA), Inc. acted as lead manager for the offering, and Aegis Capital Corp., Maxim Group LLC and National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc., acted as co-managers for the offering. A copy of the final prospectus may be obtained by contacting Ladenburg Thalmann & Co. Inc., Attn: Syndicate Department, 58 South Service Road, Suite 160, Melville, NY 11747, or by emailing syndicate@ladenburg.com (telephone number 1-800-573-2541).
About Orchid Island Capital, Inc.
Orchid Island Capital, Inc. is a specialty finance company that invests in Agency RMBS that are either traditional pass-through Agency RMBS or structured Agency RMBS. Orchid Island Capital, Inc. has elected to be taxed as a real estate investment trust for federal income tax purposes.
(MORE TO FOLLOW) Dow Jones Newswires
January 29, 2014 12:33 ET (17:33 GMT)
Out with 55% gain. GLTAL.