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LostBall

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LostBall

Re: ErnieBilco post# 3112

Monday, 07/16/2012 7:16:50 PM

Monday, July 16, 2012 7:16:50 PM

Post# of 7508
Ernie, looks like they were trading in the low $40's on 7/06. Then Monday, 7/09, they dropped to as low as $ 30.00 after the filing. Last trade I show had them at $ 34.125 on the 9th. See link.

http://cxa.gtm.idmanagedsolutions.com/finra/bondcenter/BondTradeActivitySearchResult.aspx?StartDate=07%2f06%2f2012&EndDate=07%2f09%2f2012&SelectionOption=2&TradeSize=&SortBy=0&ID=NzAzMzZUQUM4

Also, looks like the bonds started a slow drop around December, 2011/ January, 2012 from around the upper $90's to approx $ 75. Then dropped hard from there. See 1 year chart.

http://cxa.gtm.idmanagedsolutions.com/finra/bondcenter/BondDetail.aspx?ID=NzAzMzZUQUM4&Range=1year&GraphType=Price

I just remember from trading CEMJQ, that the bonds were a great indicator of investor sentiment. As the bonds went up, the price followed. Someone must believe there is some value there.
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