s
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
its magical to say the least! hah just enough support and money sloshing around to keep us up till the bag is handed over to the next prez. when dt sworn into office ill try lt puts again.
That was a strong bounce indeed. price didnt struggle to move at all.
copper sounds interesting what is the ticker?
What are you thinking for today calls on the 50SMA area heading for 207 by next week? i agree with temp luvs amy on a sharp tech bounce to form right shoulder is going to happen..
I can see that. Fwiw ive been in iwm watching premarket gapped off of 50SmA exactly looks like its drifting back to test it now.
very true futures seem to be coming off lows as we type prob tech bounce that will happen in cash market as well.
50sma is lurking just below this open. I would be hesitant to add puts until i see how it reacts there.
Very stealth bear nasty nasdaq has lost almost half of that "this is going to ath rally"
Whats up man, does that site have historical data? Disregard think i found it
Vxx chart looks sloppy look at the master chart VIX going to blast off, of course taking vxx for the ride. Cry in may fed goes away.
Fair enough. I'll leave my political views at that, its a interesting time my friend very interesting.
Sanders took IN primary love it. Her putting ppl out of work and being proud of it speaks volumes of her robotic political agenda. It will be fun to watch trump debate her if it comes down to it.
Thx for your contribution here your post are very welcomed.
I love the candle on the nikkei
stairs up base jump down.
Bunch of decent earnings out this morning. Only seems right SPY pulls the rug on bulls just cause..
Yup. Anything that strengthens Usd this morning will give boj a breather. The candle on their futures 225 reminds me of when china was blowing up last summer.
Gdp prints at 8:30
Funny you mention that i have been buying SPY shares. I took out a second mortgage too loading up all the spy i can.. What does margin call mean again?
Just stay bullish is my main thought. Dont worry about q's down -1% ah just focus and green will come.
Tim cook drafting the emergency email now. About to hit send @jimcrammerbooyaa.com
Yes! Chaze's mom never know what she is doing back there.
Sounds like the markets mama yellen. :p
You want QE?
I just got a visual of chaze from wedding crashers. "Ma meatloaf we want it now!"
money is rotating out of defense utilities and going into bio. IBB monthly chart is OS turning up. Think it will eventually run double top on the monthly like XLU then tank. Has a good amount of room to run...
Slv been good to me this year. Giidyup silver!
live to trade another
Markets got it right this time. Guys you cant dispute this..
ActiveTraderPro.com BannerPrint Print
A A A
All Content and Data provided by Third-Parties — Terms of Use
Auditor warnings on large company solvency reach highest level since crisis
MARKETWATCH 10:53 AM ET 4/13/2016
Symbol Last Price Change
AMBC 16.25up +0.39 (+2.46%)
MNKD 1.7282up -0.1218 (-6.58%)
LINE 0.47down -0.0063 (-1.32%)
LNCO 0.4902down -0.0128 (-2.54%)
UPL 0.6431up +0.0422 (+7.02%)
SGY 1.13down 0 (0%)
SGYP 3.06down -0.035 (-1.13%)
AEGR 3.38down +0.18 (+5.63%)
IPI 1.1down +0.02 (+1.85%)
BTU 2.07down 0 (0%)
CZR 6.95down +0.1 (+1.46%)
GM 30.739up +1.029 (+3.46%)
QUOTES AS OF 11:53:40 AM ET 04/13/2016
Auditors have made more warnings about the possibility their big clients may not survive than at any time since the financial crisis, according to Securities and Exchange Commission filings.
Company annual report filings with the SEC for 2015 show the highest number of auditor going-concern warnings for large companies since 2008, the height of the financial crisis, according to Audit Analytics.
A going-concern warning --where auditors signal there is reasonable doubt the company can remain solvent over the next year-- can lead to a bankruptcy filing.
Ten large public companies -- including 3 pharmaceutical and 4 energy companies --reported a going-concern warning from their auditor in their 2015 10-K. That's the highest number of large public companies fighting potential permanent insolvency since 2008 when 20 companies got the warning. A large company is defined as one with a market cap of $700 million or more in public float.
The ten companies with this warning on their 2015 10-K are: Ambac Financial Group(AMBC) , Mannkind Corp(MNKD) , Linn Energy LLC(LINE) and LinnCo LLC(LNCO) , Ultra Petroleum Corp(UPL) , Stone Energy Corp(SGY) , Synergy Pharmaceuticals(SGYP) , Aegerion Pharmaceuticals(AEGR) , Intrepid Potash, Inc.(IPI) , and Peabody Energy Corp(BTU) .
Peabody Energy (BTU) filed (http://www.marketwatch.com/story/bankrupt-peabodys-stock-plunge-to-around-1-in-one-chart-2016- 04-13) for Chapter 11 bankruptcy before the opening bell on Wednesday.
Rose Alinaya, Mannkind's(MNKD) senior vice president of finance and principal accounting officer, told MarketWatch, "Given our 12/31/15 cash runway, we have fielded concerns regarding bankruptcy. We continue to explore options and, from my desk, bankruptcy is not one of them."
Responses to requests for comment sent to Ambac, Linn Energy(LINE) and LinnCo(LNCO), Ultra Petroleum(UPL), Aegerion Pharmaceuticals(AEGR), a Synergy Pharmaceuticals(SGYP), Stone Energy(SGY), Intrepid Potash(IPI), and Peabody Energy(BTU) were not received.
Caesars Entertainment (CZR) got the auditor's warning for 2014, prior to its January 2015 bankruptcy filing. Investors in Ambac Financial Group(AMBC), the bond insurer got advance warning, too. Ambac's auditor, KPMG, has warned in its opinion about the company's potential imminent demise every year since 2009, even though Ambac emerged from bankruptcy in 2013.
Although General Motors(GM) was on the list in 2008, none of the large financial services that were forcibly acquired, effectively nationalized, or bailed out were given a preemptive going concern warning by their auditors.
The top two reasons auditors cite for giving a going-concern opinion, according to research firm Audit Analytics, are "net losses since inception" or an "absence of significant revenues." But that's not what ails these large, established companies. Olga Usvyatsky, the vice president of research at Audit Analytics told MarketWatch, "For large oil and gas companies, liquidity concerns were cited as one of the most common reasons for the going-concern opinion. For large pharmaceutical companies, on the other hand, concerns about operating losses prevailed."
In January MarketWatch reported (http://www.marketwatch.com/story/almost-half-of-ipo-filings-include-an-auditor- warning-about-potential-failure-2016-01-21) academic research appearing in a professional journal specializing in auditing showing the percentage of companies between 2000 and 2009 that had received a going-concern warning from auditors in the year prior to bankruptcy ranged from 51% to 59%.
-Francine McKenna; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
04-13-161153ET
Copyright (c) 2016 Dow Jones & Company, Inc.
Call/Put ratio flipped today 1.12:1 . buying the highs becoming believers!
really? your the best.. thx
I saw a strong sell signal on 60m chart this morning reversed without blinking.. Yeah, im not skeptical at all of whats going on lol
But they managed to tilt the slow sto on the daily back upbullish . iF that isnt a whipsaw there could be strong follow through to the upside. But with all whipsaw action not sure what to trust.
Well...
Just alot of mix signals. I would be more impressed if there is a follow through tomorrow. My lips are zipped cause my TA is swirling in a toilet bowl somewhere.
Gravestone doji on 60min aka buy calls idiots.
I agree its a very valid point, we cant tell how long and drawn out this can go.
it works until it doesn't. BOJ is perfect example NIRP rallied the yen to 2 year highs?
Not disagreeing with you fighting the fed is asking for it. But if they react to late things can get ugly.
204.70 ish is vma now lets see if that were we go..
Slow sto on daily turned back bullish. Might be the trigger to run wild or another whipsaw?
bears just had 4 hours of work yesterday erased in 45 Min,
Yeah its so irratic, there getting sloppy though. spark another massive short squeeze? prob not cause there selling the same rips . there is alot of mix signals.
Till that VMA moves below 204 will keep seeing these fake selloffs then spike imo