on the strength of this (timely) news .....
...... ............ ...
dollar down, stocks, commodities all strong gap UP.
Good call Steve!
Hope you're doing well? I'm finally getting some time again! The "big" project is complete and the headache over and that ship has sailed;) LOL! Anything big on the Rait horizon other than the R/S? News is scant and my news filters haven't yielded anything else important. GL
Impending events (including the R/S.
This week: Reverse Split.
Next week: Ex-div
Third week in July (approximate): 2Q results.
Last week in July: dividend payment
Sometime soon: IRT becomes real when its minimul investment benchmark is realized.
The one that matters most is obviously the 2Q results.
China is fearful that the Euro will collapse. If the Euro collapses, the dollar rises.
Obviously then, China will be hurt badly if the dollar rises, but why?
Answer that question and you'll know why China is helping the Euro...
It is always the Board of Directors who want a Reverse Split, whatever the company.
Since this stox PPS was well over a dollar, along with other Exchange listing requirements, there was no delisting threat.
Therefor, the Directors shall be implementing their, in the immediate future (next qtr) strategy, which requires a higher PPS.
With all stox that anounce a R/S, the MM suppresses the PPS, after the announcement.
A) With stox that are threatened with delisting the logic is simply if the MM allowed the PPS to rise naturally over a $1, then the R/S is not needed. This again is contrary to the Board of Directors objective.
B) When there is no threat of delisting, such as with RAS, the MM also supresses the PPS until after the R/S effective date. The RAS price behavior did not collapse. MM has been maintaining a trading range of 1.95 to 2.15. This R/S projection, along with the institutions increasing their short positions, is why the PPS declined after the earnings announcement.
C) With a stox that is not threatened with delisting, such as RAS, together with this pre R/S trading range (no PPS collapse), it clearly illustrates, that there is a longer term strategy involved. All strategies, of that dimension, again only originate with the Board of Directors.
This is why, after the R/S effective date the MM will "release" the PPS, and it will naturally rise.
For the stox doing a R/S because they are threatened with delisting, after the R/S, as a general rule, the company continues to fail and the PPS continues to decline. All caused by bad mgmt decisions. And these bad decisions are not replaced with innovative, turnaround decisions. Mgmt keeps doing the same thing.
think you may be wrong about the up market tomorrow
US has threat of losing AAA status, dragging down futures
DOW futures down ~50 points
don;t get me wrong, I think the DOW will be at 13k year end, and the S & P at 1,450
but not without some downtime first
US and greece have to get their business worked out first
and yes, I am buying here
RAS, INTC, CSCO, AA, MSFT, GE
also ARR, IVR and CIM