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Direxion Daily Healthcare Bull 3X Shares Message Board

  • hotstocks1969 hotstocks1969 Sep 16, 2005 3:02 PM Flag

    History?

    I'm hoping someone can tell me (short version) as to why this stock is trading at these levels. I traded it last Nov. when it was at around $4.50 and the talk was it was going back up. What happened, I suppose earlier this year, that made this happen. I'm thinking about buying at this level. Any thoughts would help.

    Thank You

    LT

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    • buy 16million at market, help a brother out

    • First the previous CEO (Fishhead is his name and he is an SOB-may the Lord stike him dead) was conned by the present CURE CEO (his name is Mc CON el) to buy his (McConnel's) company at a very high price, thus, the present high debt on the books for which some believe the company would have a hard time making its interest payments.

      Then the state of CA and Medicare cut reimbursements for some of the services (infusion) provided by the company. So the company is not as profitable as it used to be under the heavy debt load.

      Recently the Board of Directors hired UBS to recommend strategies to "enhance shareholder value." That news lifted the stock into mid 2's but has continued retreating to its present levels. The recent dips as well as the previous ones from the $4.50 you are talking about is I believe due to a tremendous amount of shorting (most naked). The short ratio is 9.4% of all outstanding shares and a whopping short of 21.8% of the float.

      The shorts believe that UBS was hired to take the company to chapter 11 before the October deadline. IMHO that will not happen. Had the board said they were hiring UBS to advise them about the future of the company (and nothing about shareholder value), I would have said that bankrupcy could be a possibility. However since they attached the words "to enhance shareholder value" i do not see how a bankrupcy filing would enhance shareholder value because in most cases the investors get a pittance or nothing at all. In a chapter 11 bankrupcy GE credit would end up owning the company and have to sell it in a fire sale auction probably at 10 cents to a dollar. I do not believe it would be to GE credit's advantage to force bankrupcy on CURE. Any way as far as I know they can not force bankrupcy if CURE is able to pay the interest payment. So far they have managed to do so.

      In sum, shorts are having a field day with this stock and the way SEC has written shorting laws and the way the laws are enforced there seems to be no telling if shorts would not be able to continue their what I believe is illegal (naked shorting).

      My hope is that UBS would find buyers for the company as a whole or in pieces for enough cash to pay its debt and have enough left over to send all shorts to hell. We shall see. Do your own DD.

      • 2 Replies to gladpick
      • Thank You for your post and your time.

        Good Luck to all.

        LT

      • Thank You for the very fine post Gladpick.

        Between now and then our Dear Friend, Belugacaviaar will continue to Suffer and Feel the Pain, Oh The Pain. I wish there was something we could do for our Friend Belugacaviaar. Maybe if he had some Good Sex he could find Relief. A fine Cigar, Good Whiskey, and Great Sex are My Advice for Friend Belugacaviaar ! ! !

        Any Other Advice, Help For Our Friend While He Plays the Waiting Game?

        I Will Say This However, If Belugacaviaar Is An MDU Then I Feel No Sorrow For Him ! ! !

        James

    • would you (anyone) want to invest in a down trend moving stock ?
      Cash position SUCKS, EPS SUCKS, and it looks like Mgnt suck big time !
      Best thing is to sit on the sidlines and wait for some good news and at least a price rise to $2.50 - $3.00 and good VOLUME too!

 
CURE
92.66+1.90(+2.09%)9:43 AMEDT

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