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BIOAQ
Ouch gap down 75% with no news! Guess the insider manipulation which drew my first interest has shown it's face again. First time big guys bought the run before news. This time they sold.
Not much anyone can do in this type of action. IMO the deal is done, and insider shareholders aren't coming out well.
OUCH will capitalist ever learn??
The junk debt that tanked the economy? It's back in a big way
https://www.washingtonpost.com/business/the-junk-debt-that-tanked-the-economy-its-back-in-a-big-way/2018/07/27/af8b324c-90f3-11e8-bcd5-9d911c784c38_story.html?utm_term=.3150f02d7897
TV problem;
https://www.amazon.com/VIZIO-32-720-LED-D32HN-E0/dp/B019GZ53VU/ref=sr_1_15?s=tv&ie=UTF8&qid=1532827507&sr=1-15&keywords=30+tv
$115 bucks for a 32" LED only TV. Smart TV from $150. I have the LED only, with firetv stick.! It's great. Would have bought smart TV if I didn't have a spare tvstick.
Anyone ever play dividend capture? Well in Q2 I've been trying to located positive chart pattern plays, which include a possible dividend capture also. Semi successful to date, and still search for them and found this one, during next weeks trades homework today.
AMID crashed but the divvy stands. Giving a huge buying op to do a divvy capture play. If bought on Thurs. @ $11.50, divvy would have been 3.6%. on Fri @ $6.60 it's 6.25%.
This hole thing is strange. Meaning with the 27 July PR which cause the 42% crash, (probably from 60% institutional ownership stake) selling out. I can't understand why they would give up 41 cents a share dividend, days before the distribution, no matter how bad the news was.
At any rate the news was bad for long term holder. But still maintained their dividend level for Q2. Expect Q3 will see a negative change. But this is a few day play only.
If one owns AMID on Aug 2nd and sells Aug 3, they will receive the announced dividend of $.4125 per share or 6.25% for buying and holding for 2 days. @ The present stock price of $6.60.
There is a chance if the price Aug 3rd is 6.25% lower then the price one buys in, this would be a wash. Or loss if larger then 6.25% fall.
Personally I tend to believe crashes are on emotion; and usually regain some when emotions reside. So I'm expecting to swing trade possible gains on price increase, from entry price. More then price retrace to continue. We have 3 days to see what's up with that.
AMID dividend for Q2
Amount $0.4125
Declare Date 2018-07-27
Ex-Dividend Date ? 2018-08-03
Record Date 2018-08-06
Pay Date 2018-08-14
Payout Type Regular
A little on what dividend capture is;
Not saying you couldn't get the dollar you hope for. All I'm trying to point out is odds are you won't. IMO
And we all know opinions are worth squat.
But think about taking the 50,000 or 500,000 or what ever you own at pennies and get a good profit on any chart action retail sentiment gives you. But you could hold a small position for the hoped for sky and moon shot.
Kind of a bird in the hand thing. Based on ones greed/risk level.
Don't want you to do what I say. Want you to think about your options being more then all or nothing!
You ever see the TV show Storage Wars?
Your watching a bankruptcy without due diligence happen. On the show the storage company gets paid, the company which sells use products pays and the storage owner loses all their stuff.
Due to the fact the buyers can't see everything they are buying, (without due diligence) thus; they sometimes profit, sometimes don't.
In this analogy example; does it matter if the stuff in the storage unit is worth more then is owed, in back storage fee? NO
Same in financial bankruptcy cases.
Not going back in history of my mistakes over the years, to find several examples. But the one I just got caught in, also had assets larger then debit. Shareholders ended up with 2 cents per share, or an 81% loss. It now trades in the $20 area, after opening out of bankruptcy @ $25. These figures are determined within the courts negation with all major parties involved. Meaning preferred shareholder, debit holders and the bail out entity. (New lender or buyer)
It's not values in these bankruptcy cases, it's who gets paid and who pays. In a buyout scenario, the buyer assumes or pays the debit. Normally while paying a premium for the assets. Assets larger then debit has little to do with results. But does with how many vultures get involved in picking at the bones.
Shareholders are always last on the pecking order.
Do you know of, or has any news come out about when this decision and outcome will be finalized???? I may not event trade BIOAQ if it's next week.
The answer to your question is your trade order is activated on an electronic trading platform at the very next price at or above your limit order price, that is closed. So you may get it closed @ .50, .51 depending on where your order is in the market que.
Orders do NOT close on news. They close on who's next when your price is reached. Only way you get a buck is if the price gaps to that level, with no buy's or sell's before 1 buck.
I am really concerned that you think you will make money on the result of the companies dilemma story. With more then 1 outcome in the works, your betting, not trading or investing. You and all the others posting about the possible out come actually have NO idea what will result. Or for that matter what how any result will effect a shareholders ownership status.
I can say I've been involved with several stocks coming out of bankruptcy and can't remember 1 time I ended better off after. If you owned restricted stock or debit then yes! But it's rare shareholders win.
Personally I'd lower my greed factor and trade out on the price action, but keep a small BET on my hopes, long. Only a little over a month ago I lost over 80% of a large swing trade, which came out of BK early! Caution IMO is the word.
Want to talk a little about money management. I often say nibble (or take a small position) @ 1st resistance break and go large @ TOP resistance break.
So here's what that is all about. When trading a chart pattern which has both 1st & top resistance levels. One should not expect a complete reversal in sentiment on the first reversal of down trend. Because any change has not been confirmed. Confirmation of a true comeback reversal is when TOP resistance (or previous high) is broken on increasing volume.
That's when both the traders phycology of how they are trading the stock. And the sentiment of which direction the price should go, are in sync.
The break of top resistance shows the phycology of how the stock is being traded has reversed and the increase in volume shows the confirmed reversal in sentiment. NOW your odds for the pattern to succeed and chart target being reached, is in your favor.
First resistance break has less sentiment and the trading phycology hasn't actually reversed yet. So you often see a prolonged stall while everyone tries to figure out New True value. Or it can reverse again and continue down as the original phycology showed.
So basically on any chart pattern play, with both 1st & top resistance levels, you want the odds for success in your favor, before commenting your complete planned cash investment.
By taking the total amount you plan to trade and using 1/3 at 1st resistance and 2/3rds at TOP resistance break. You protect loosing the entire cash amount on an early entry. But by nibbling, then going large, you compound a winner. Increasing returns.
No one that doesn't succeed worst result is only a portion of a portion you planned to trade. Decreasing losses.
It's a capital preservation tactic.
Ascending triangles & channel patterns do not have or need 2 entry levels. Just go large on resistance break, but you can enter is steps if volume is not increasing enough to make you feel confident.
Hint: a bottom is seen when first resistance is broken and/or after 2 days of price increase.
I wouldn't call a bottom for entry until the above is met.
That was an example. Missed the point. Gains are larger on the way up, then losses on the way down.
Any time your down large, buying the bottom bounce large, will be more rewarding then just holding at your loss basis. No matter what the price circumstances are. It's just math.
Picked up some Facebook today. And I don't like getting involved in celeb stocks. But how can anyone not see a down 18% day in FB not a buying opportunity? Already up 1% in afterhours.
My get even plan is keep my basis within a pop scenario.
I do NOT recommend the process of averaging down. I believe when becoming a bag holder, to buy large at the bottom. To play the game of mathematics, where gains are larger on the way up, then losses on the way down.
This is explained in this post;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=106720994
Waiting for triple zero's to average down big time.
STON
So we're going now. 20% +/- so far. IMO first target is 4.60+/- just above gap @ 4.50. I plan on trading this like a single bottom bounce. With targets at $4.60, $5.00, $5.70, & $6.00, if it doesn't stall on the way back up. Nibbled yesterday, went large today.
http://schrts.co/fegJsU
Also don't expect climb to be as sharp up as it was down. Expect this to last more then just 1 month. Could be 2 or 3.
Need some news from new management & 2018 Q1 to have continuation. IMO
This is pennyland, there is always hope. That's what the OTC is all about hope. My hope is RNVA has one more pop which reaches my basis.
Both good points. As for price decline after R/S it happens but usually for a short period while sentiment looks for a new true price value. As to gains being smaller, they are. So penny players will have to learn how to swing trade their investment, instead of just swinging for the moon. Not real bad IMO. Pennyland is toxic and the sooner penny players move to the big boards the better.
But the main point for a company to use their R/S tool is to strengthen the stock. Which it does. Thus it strengthens the company. What shareholders what? Right
IMO he already knows exactly what to do and how to do it. He just did. He invested in his company to benefit it and to maintain control as the business plan continues.
When a company does a reverse split sat 10 to1 it lowers the OS 10 times and raises the stock price 10 times. So you haveless stock but worth more and you end up with the same amount of cash invested.
Example: A/S 3 bil OS 2.4 bil 600m available
You own 10k shares @ .10 = $1,000
There is a 10 for 1 split;
You own 1k shares @ $1 = $1,000
The 2.4 bil OS turns into 240 mil OS leaving 2.7 bil available.
Now the OS isn't filling up the A/S because there are 10 times less OS, leaving room to sell stock.
Your correct. I don't invade message boards often. But I do not only teach stock trading and investing, but company structures use in it's struggle for success.
Too many penny players don't understand how startup companies work. And what tools are used by them.
They hear or see the words reverse split and think it's bad! It's not bad. It's a tool. Just as adding to or removing from a companies outstanding share structure. They are tools if used correctly can benefit both the company and shareholder alike.
I posted here because it seemed most had concerns about any share restructuring being BAD. It isn't bad when it's needed to raise cash to grow the business plan.
RNVA opinion
That's correct. The CEO doesn't own the company he started. But now he controls what he has built. And he gained this control by investing a 1/4 mil $ into his company. While reducing the balance sheets debit.
I say do what the big guys do!
This type of action is seen very often. With an increase in institutional investment, many management teams loose control of their own company. Buy giving oneself a controlling voting power. (Known as a poison pill) the individual which built the company, can maintain control, as growth plans continue.
Also if shareholder want continued growth there is only one way for a startup to attain it. Selling stock. If the authorized has little to no room to sell stock. the company can NOT grow. One should want share restructuring! And one should want that restructuring to be in the form of a reverse split vs. increase of authorized. Because a reverse split maintains shareholder value !!!
STON bounced today. IMO bottom probably in. I nibble!
RNVA news eval
Don't understand why RNVA's shareholders would think the news is negative. I personally don't see it as negative or positive. But if I had too IMO the CEO taking control of the company is often seen once the business plan starts seeing results.
This 250,000 series J preferred is just a poison pill.
So lets go over the breakdown of the main points of the series J stock, step by step.
1st General the CEO is basically converting $250,000 in company debit to him, into preferred stock worth $1.00 per share. This is good, debit now off the books.
2nd The voting gives the CEO 12,000 share votes per each series J share or 250,000 x 12,000 = 3,000,000,000. This is the poison pill. The CEO has the voting power of the entire A/S. Basically saying I control all business plans.
3rd Conversion the series J value divided by the 10 day Average daily price. Today that would be $1.00 series J share value / .0015 10 day ADV = 666.6 common shares for each series J share. OR 666.6 x 250,000 = 166,666,666 share of common for all series J shares held by the CEO.
As for the mention of a possible increase of authorized or decrease of the outstanding. This pretty much to be expected after the restructuring which took place to achieve the addition of the second hospital.
What is meant by "final nail"? Or why do you see this info as negative.
STON
http://schrts.co/YpzPKk
Note: the DMI black ADX line is above 50. Indicating large move expected. And volume decreasing as price settles. Indicating less interest in getting in lower.
GLTA I like it.
What does GLTA mean? I don't speak texting.
Not following the story at all. I just trade the charts & TA. Have no idea what will result from exit of bankruptcy.
But SDRL just wiped out shareholder on their week early exit. We got .019 shares per share owned.
IMO BIOAQ is a swing trade stock only. And be very careful as ending date to come out of bankruptcy is announced. Hope for the best. BUT plan for the worst. Meaning if the price starts to fall a few days before that date. Seriously think about taking any loss one may have.
Yea I'm a bag holder. LOL
It's like watching paint dry. Lots of volume, with NO action. Me thinks M&Ms are having fun, holding bottom and suckering peeps to average down.
I'm holding at my average down price of .0045 hoping for a quick price pop to get out. Maybe with a nice profit like I did with CLKA.
???????????????? At any rate, saving my paper loss for end of year if need be.
This is what happens when one plans the trade, but doesn't trade the plan. LOL
Closed BIOAQ this afternoon @ a little above chart target for 25%. nice 1 day swing trade.
The plan;
Nibble @ .065 resistance break, went large @ .07 on increasing volume. Out at standing order of .085 chart target.
Plan the trade, trade the plan!
Seems to be settling down the past 2 days @ $3.50.
And with that came the volume I wanted. I'm up 15%+/- in the last hour. Probably nibble some more before EOD.
Heads up
STON may be a possible mid term come back play. After 18 months of problem after problem, it seems the company is back on stable ground. The company, not the stock YET!!
http://schrts.co/qkDkvp
Problems started with founder increasing sales force and dumping tons of cash into them to drive revenues. When this failed, he took off and there was 2 interim CEO's since 2016. Late 2016 they cut the dividend 50%; for a stock price crash from $22 to $12. Then completely stopped distributions after the 3rd Q of 2017.
Things settled down for a while, 2018, while they looked for a permanent CEO. Do to all those problems their senior debit holder became jumpy. And they found the old management may have screwed with 2017 filings to the SEC.
Since all that, Moody down graded them mainly because of 2017 SEC restatement was not refiled on time twice. Which cause another stock price dive to JUST start July 9th 2018. Giving a very attractive new entry price level!
So in the last few weeks they hired a crack new CEO from Vonage, also a new CFO and 2 new board members. They restructured their debit successfully. And finally finished their SEC 2017 restatement.
That filing had a 1000% Earning beat for the 2017 10K. @.02 EPS; with estimates @ -.19 EPS!! Also note; Insiders and institutional investors have been buying during 2018. Including one active management firm boosting ownership to 18%.
Thinking about buying the bounce. Play at your own risk and you really should do your own research on this one.
Here's a resent article I agree with.
https://seekingalpha.com/article/4168470-left-dead-stonemor-lot-upside
The court can appoint a trustee which helps the company. The court does not help.
What the court does is say the company, in chapter 11, can or can not attempt to restructure and refinance the debtors debit, based on the plan the company presents to the court.
Bankruptcy itself is a petition filed by the debt holders. Chapter 11 is filed by the company in an attempt to keep the debt holders from taking the company, to repay bad debt.
All this takes place normally after both debt holder and company management has discussed restructuring the debit owed. And the debt holders can't see a way the company can continue operation and repay what's owed.