You're not going to be Luxor if you buy and hold. You either buy, short to rebut or buy and scalp and rebuy. Sold my CON. Just waiting to sell two more and be ready to reload in the am tomorrow
Of course. Follow MMs. They take it higher every morning to lure fools and sell them in. That is the time to short and cover now or a little later
I sold at $7.49 and bidding at $7.09. You just have to trade it as it doesn't seem there's much to say about them now. What s shame for mgmt to have spent $175 million buying back shares at $20s. They sold their shares and called upon large shareholders too to sell while spending the company's money to buy those shares up there. Now, just three months after look at it at $7 and no one but the shorts want it. I picked some at a hunch late on Monday at $6.88. Sold it all now. It will come back down!!!
You are not off. Shareholders equity is about $125 million. I remember in February when I was loading oil stocks including ORIG, WLL and ATW. Everyone was running. Now I bot WLL at $4.57 avg, and did $0.91 on ORIG on the day it reported buying DRYS stocks. Still have some ORIG and ATW, sold WLL close to $13. So, let's play DRYS,,...
. If there's any stock I can close my eyes and say will DOUBLE in 2016, it is DRYS. Bot 3400 more at $0.71 after my post. Holding 27400 shares Bot all in the last two days
It's all good
Easy money on Gevo fuel. Lol. Wednesday is payday
I wish I saw this completed buyback information earlier. That means the stock is not just trading at BUY ONE GET ONE FREE...it is trading at even a steeper discount that occasioned from the $175 million buyback. Hard to believe. I don't own yet buy will be an owner by EOD on Monday. Please any light on the buyback is appreciated.
"At the same time, the company announced an additional $100 million share repurchase program and said it intends to complete the buyback during the fourth fiscal quarter ending Jan. 31.
The news sent Conn’s shares up 19.3% Monday to close at $22.63.
The share buyback is on top of an earlier $75 million repurchase program, through which Conn’s repurchased 1.9 million shares for $51.6 million during the quarter ended Oct. 31., and used $22.9 million to acquired senior debt with a $23 million face value.
As a result of that earlier purchase, the company said it incurred a loss of about $500,000 related to the write-off of deferred costs. It also will write off about $900,000 of deferred costs related to the amended bank facility, Conn’s said."
Going to be an awesome weekend for me.
Mike...you are really a smart dude. I owned 3000 shares before. Today, I sold a bunch of stuff at a loss and loaded HERO at $1.15. Tons of oppo here. Liquidation is not reorg. They don't need any more business. The lenders - who are the shareholders too know that this course is best for maximum value. The biggest news is that Maersk bot out Hylander for almost full value. So, HERO will return the $450 plus other arrangements to lenders. Then the asset selling beings. HERO shareholders could get up to $10 if selling is orderly and as oil prices go up. Any selling under $4 here is out of the question for me. Folks have no idea what they seat on here...even if assets sell for cents on the dollar. Next week, I free up cash and keep adding. Not a single reason for us to go red today
Waiting and waiting
Yet ORIG trades at a fraction to SDRL
DA LIVING GOD MADE GOOD $$$$$ IN JAKKS. Bot in the $5 range and sold in the $8 range. DA LIVING GOD DOES NOT REMEMBER WPCS.....SO ANY MONEY DA LIVING ONE LOST THERE IS INSIGNIFICANT.
Look it up
Bill Ackman will sell $800 million in Zoetis (NYSE: ZTS) stock, the New York Times reported citing people familiar with the matter.
Ackman's Pershing Square sought to sell 16.85 million shares of Zoetis for a price of $46.75-$47 per share. The firm will continue to own 25 million shares following the sale.
In November 2014, Pershing Square disclosed it paid $1.5 billion for an 8.5% stake in the company. The stock is up 8.6% since the firm first became involved in the stock.
Ackman's Pershing Square fund has had a year to forget amid its bet gone bad in Valeant Pharma (NYSE: VRX).
He can do it under $40 IMO
That piece came from some fool sponsored by Veritas. Remember when Veritas posted false and misleading stuff on Valeant and Valeant fought back?
Because the bashers would lose several billions of dollars if investors realize the gold mine here. So they dangle the share price while pushing out all the bad news and skewing any good news into bad...like what happened on Friday.
Longs should fight back by buying. Shorts now rend to target the stock at the $38 handle and close it at $30 with help from options/puts. They create puts at $38 and fight to push it cashing the puts. That way, they lose nothing even if it goes right back to $38. The longs....Bill Ackman taes the hit.
"Billionaire's Bargain Reveals Risks for Offshore-Oil Creditors" Bloomberg