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Barclays conference call for analysts and institutional investors INRE the Lehmans acquisition. Happens 12:00 noon England time. 7:00AM EST america (If my timezone math is good). Live webcast address is included in the pdf link below.
Perhaps it may shed some light. From press release on Lehmans web site.
http://www.lehman.com/press/pdf_2008/0916_barclays_acquisition.pdf
Barclays conference call for analysts and institutional investors INRE the Lehmans acquisition. Happens 12:00 noon England time. 7:00AM EST america (If my timezone math is good). Live webcast address is included in the pdf link below.
Perhaps it may shed some light. From press release on Lehmans web site.
http://www.lehman.com/press/pdf_2008/0916_barclays_acquisition.pdf
LEH Maybe some hope. Article from the New York Times this evening states it is not clear if any proceeds from the sales will flow to shareholders. So if it isn't clear if they will, it isn't clear that they won't.
http://www.nytimes.com/2008/09/17/business/worldbusiness/17lehman.html?ref=business
Perhaps there is some hope. Article from the New York Times states it is not clear if any proceeds from the sales will flow to shareholders. So if it isn't clear if they will, it isn't clear that they won't.
http://www.nytimes.com/2008/09/17/business/worldbusiness/17lehman.html?ref=business
Here is an interesting question, who is more nervous tonight, the longs or the shorts?
Well I hope there is some perceived value after the announcement tomorrow for the common holders. I pinked up shares at .209 about 10 mins before the halt.
Feel free to send us out some good thoughts, they're most welcome at this point.
Actually the IBOX shows O/S and A/S unchanged. It does however show Float + 1 Million and restricted - 1 Million
Typo maybe??
The chart posted a nice dragonfly doji today. Often a signal of short term trend reversal. It looks like frgy has a good base of historical support at the .01 level as well. I had an alert set on Frgy for the .01 level and it started hollaring at me today.
I picked some up and am watching for confirmation of the reversal signal in the next day or two. This looks like it has some room for a nice pop up from here.
Good article link I found.
http://siriusbuzz.com/sirius-xm-radio-investors-singing-blues.php#more-1983
This is an interesting buy at these levels. I think there is some more chaos yet to blow off, and maybe still a bit of downside pressure. There was an absolute war in the 1.50-1.60 area on Tuesday.
In the long run though I think there is a much better chance of this being higher in the future than lower. They can consolidate their hardware, consolidate their on air talent, and focus on growing the subscriber base.
Should be interesting.
2 more banks seized by FDIC after hours Friday. I hope no-one is exposed in a financial over the weekend. It could be a very rough open on Monday.
http://biz.yahoo.com/ap/080726/bank_takeover.html
13's sure would be nice. I sat at 13 on the bid for hours and all I got was a partial fill of like 50,000 or something like that. I had to eventually go up to the 14's to get a full fill.
The chart does suggest some support here. A hammer formed on the candle chart yesterday followed by a doji today on an inside day. It suggests some consolidation. Just need a little spark to ignite the buyers here and make that run past the .002's to get her going.
Nice looking day today. This stock may have found a bottom here in the short term anyway. The daily charts and the intraday charts both throwing buy signals. The price hit the .01 level which is often a psychological buy point for traders.
See below, top chart is the daily showing a very nice bullish hammer today on the candle charts.
The second chart is an intraday tick chart. The T3 indicators are poised to cross up, the slow stochastics has crossed over in the upward direction and the MACD histogram has begun to rise. Still need the MACD signal line cross to confirm the turn, but it looks good. The OBV also popped up and crossed today.
This could be poised for a nice run here.
The chart seemed to bottom out to a nice base in the afternoon. The medium term tick chart shows the indicators turning up for a possible run into early next week.
Picked up some ITRO near the close. The short term tick charts are turning up on the T3's. Just need the daily chart to follow suit and this can run some.
Yeah I saw his add (Pickens) in the WSJ. He has a web site set up and is doing a white board tour of america pushing his energy plan on execs and politicians along with a mega advertizing blitz. It could boost his nat gas company in the future if he has the impact he wants to.
The chart looks like it may be setting up for another runup. RSI and MACD are turning back up. Maybe some good news coming on sales at the new stores.
I agree. This one has been flying under the radar. If they could get some consistent trading volume, then post some sales figures for the stores, there is a nice potential for a good size move in this stock.
Interesting trading today. Traded on extreme volume, heaviest volume coming in at .025 support area. This area would make a nice base for a run as long as it holds.
Nice move today. I understand the frustrations with some of the fundamentals here, but right now the stock is on a technical chart move. It is in a down channel bouncing from the bottom. Looks like it has room to run to about the .065 to .07 level before it hits some resistance. Nice candle today went green against the downtrend signaling an upside push back into the channel.
This has been tapping the bottom of a down channeel it has been running in the last couple months. It could be looking to bounce here. Gonna leave a doji on the chart today it looks like.
Looks like a breakout of the two peaks from the last 6 months on high volume. No specific news, but maybe something coming. I picked a little up at .23 to see how it plays.
I show a huge after hours trade. Over 1 milliion shares at .0358 which is a good couple tics off EOD low. I see it on level II and Marketwatch shows it as well. That would be almost 50% again of the entire days volume. Someone wanted a piece of this it looks like.
TY Taki. I was looking at it as more of a chart play with the 2 day bottom and it in the bottom of a channel.
I appreciate you looking into the fundamentals and taking the time to respond.
By the way, How did that date with the massage therapist go the other day?
TAKI. Found TAOL on the top 400 active scan on Microcapfeed that Bill showed us. Looks like it is coming off a two day bottoming pattern. Good candle today closed more than 50% into the last down candle and other indicators looking strong for a bounce here. Stock looks like it has big swing days on price. Not one of your 300 or 400% moves, but looks like it could pop 50 to 100% short term. I'd post a chart, but never have any luck getting charts to post correctly.
Looks like this stock may wake up here. A decent earnings report and some possible income in the pipeline. Nice rally up off the bottom on Friday.
Do some research on it. Looks like just another underhanded attempt at selling what equates to a stockpicking newsletter. Try googling something to the effect of "doubling stocks scam" There is an investing board that looked into them late last year.
Cheers
Resistance is staggerred as always. Technically the first critical level is right where it is, sitting just on top of the 50 day MA. The first thing it needs to do is hold above 1.50. The 50 day MA is at about 1.49 or so.
1.60 is a minor point, and the true hard resistance level appears to be 1.75 where the share price has found support and resistance multiple times over the last couple months.
Hey AJCM:
I agree we overcame the doji indecision nicely. I was only saying the 1.50 remains critical now as support and/or resistance. No coincidence either that both the large downward candle two days ago, and todays up candle stalled at the 50 day MA. The 1.50 point is just a smidge over the 50 day moving average. Here's to an assault on it, but perhaps not this week on holiday volume.
GLA
It was nice to see the Marubozu after the doji and it has gone part way to confirming the uptrend. Ideally we needed to close more than halfway into the body of the big down candle two days ago with some volume to cleanly signal reversal. Right now we see some good bullish support, with the bulls in control all day today, but volume remains light. I'd like to see price go through that 1.50 point with conviction. The down candle two days ago stopped around there, and todays up candle stopped around there. It is a point of indecision at the moment.
Hi All:
Hope everyone is having a good weekend. I have been reading the discussions, but pretty much staying out of the fray. Valid points made on both sides of TA vs Fundamentals. I more subscribe to the TA camp as i am a short to mid term trader. I was pretty happy when I bought in Tues at 1.60 only to see some weaker than anticipated earnings gap it down the next morning. If you look at the run from mid Sept it is obvious some traders were loading the boat and they needed to see another blow out quarter to stay in. When they didn't they hit the exits with profit in hand.
I liked the big block buying that came the back half of the week, which is smart mid to long term money. Also the sell off looks a bit overdone and the candlestick pattern from Friday is forming a potential morning star doji, which is all good. If there is a gap up with upward price movement Monday it will confirm the candle and signal at least a short term bottom here with a move back up to test newly formed resistance.
Longer term, traders and investors will watch for news, and ultimately next quarter earnings to see if the last quarters increased operating expenses was the blip mgmt claims it was.
Good luck to all
The markets are definitely struggling to find a direction for the new month. Slightly bullish at the moment. Any strong news either way should cause a swing.
Should Bayer decide to continue the relationship, particularly the cash support, there would be a very quick spike in PPS for Sonus. That is certainly not likely, yet Bayer is obviously looking very carefully at it's options or it would have announced already they were severing the relationship.
Hi all:
I see a lot of discussion on the QQQQ and QID. I just took a position Friday in the SDS. I am in agreement with the crowd that current activity resembles the July high.
Also on the S&P the 1540 level has been teased for a couple days on low volume with no conviction. There is a lot of profit on the table from a strong September that I think will be quickly pulled out of the market on any break downward. Could be a short to mid term double top forming.
1540 area could mark a short to mid term double top if it isn't broken. It has been approaching it on low volume with no conviction. Of course one never knows but there is a lot of profits on the board from the last 6-8 weeks and I think with the strong showing in Sep, people will be quick to pull their profits off the table on any break downward
Just looking for a 5% or so shake out maybe.
Nice volume and support coming in very late on upticks. Looks like traders were more comfortable sitting on long positions over the weekend then short.
The smoke is clearing, and if Sonus has anything to say, early next week might be a good time.
Yes, had a nice pop up after the fed comments, then the funds raced in to lend support to the market for the end of month bookeeping. My position finished flat on the day.
I think the market softens into the first week or two of Oct
Enjoy the weekend
Just went back in today at .616
As long as there are no negatives there is just a lot of buy support at .615 and .61
Hopefully Sonis and bayer have been carefully crafting a press release on the future.