Quite the Volume yesterday, (Monday, Sept 21st) ,over 300,000 shares on up 6% day.. Much less today on terrible day, only down a penny. Would be nice to know who were the buyers.
Sentiment: Strong Buy
Technology is what the Chinese Government wants to acquire, so it is unlikely IMHO that the Chinese won't approve the deal.
This take over has nothing to do with the Shanghai market, unless the buyers were leveraging bullish positions with their funds and lost their Mao shirts. Ballots already sent out for meeting, would be highly unlikely for deal to be overturned by the stockholders without an additional bid on the table.
Sorry but I can't agree with your assessment. When the buyers buy the company for cash, they get that $600 million in cash, too. So they value the REST of the company at $16. They appear to have had revenue of $1.4 billion, which is nearly $25./share, so the price being offered is around 16% higher than 1 years revenues. That makes the offering price inexepensive.They have new products announced, The chart is NOT flat, if you go back a few years, looks like overhead above $30. Why would someone file a class action suit because the price is too high? They would only do that if the price was too low, and they want more to be offered. Why would someone think the take over wont happen if the BOD accepted the offer ? The way i read the announcement, it appears to be a done deal, but people seem confused about it, which is the opportunity here. ( I am long at $17. ).
pyrotech, why do you believe the deal is not going to happen as it was reported that the company agreed to the sale? Can't be the law suits,since that is a whole new lawyer industry, of class action lawsuits every time there is a take over, to get the settlement and bill for ridiculous amounts of "hourly professional fees." What a waste of money and time, there oughta be a law against paying attorneys fees if there is a settlement and no one is found guilty.
I'm a doctor; work in HAZMAT field. Can't say enough positive about the hand held detector. Your management plan is defective. Hospice not the appropriate place for this company, but psych ward may be a good place for you, ninja69turdle, as you probably bought your whole position higher and so you are freaking out because you don't have enough money to back your truck up, average down, and fill it up with these shares which are on sale in the discount rack here... Stocks like this don't move until they show earnings for 1 or 2 quarters, so plan your next 6 months carefully, Gonna really be easy to double from the current prices, with all the sales being reported.
Sentiment: Strong Buy
ANyone know if the bidders for this company are prohibited from purchasing more on the open market while their offer stands? (So many rules and regs by FINRA, SEC, and USPL, hard to know all the rules) I would think they are watching this price dwindle, due to impatient short term traders, and when volume starts to dry up a little, swoop in and buy cheaply, can save over 10% on their offering price. If another buyer emerges, which is possible the longer they take to close this deal, they would still make money.
Support level is between 0.85 and 0.90. Chart is completing a fairly quick head-and-shoulders top, with falling volume peeks at left shoulder, so expect it to fall back at least to that support level. Hard for it to move up without any positive earnings for a quarter or more, except on a buy out. Annual Revenues, which are 120 million for this company, would mean a buyout at current price would be around 9 X annual revenues… which is sorta steep.
Chart of MONIF-- had a major reversal top at around 1.35; now working on left shoulder of a head and shoulders top, with volume confirmation. has over a BILLION shares outstanding!! Stock needs pumping to deal with the selling. JMHO as a chart reader.
So all day until around 10 minutes ago, total volume was around 26K shares and price kept around 0.795 to 0.80. In the last 10 minutes, only 4,000 more shares sold, day's volume total now 30,800, and price is up to .845 where last sale was. So price popped up 5% on 4,00 shares. Seems to me the sellers have dried up at these ridiculously low prices,and the bottom pattern is evolving fairly symmetrically. I count about another 12 days or so of backing and moving sideways, with slightly increased volatility, maybe even another retest of the .77 to .79 support level, until bottom symmetry is completed, and then I anticipate a move back up to the . 1.00 to 1.05 range. Just from a technical viewpoint. No fundamental statement is being made.
Sentiment: Strong Buy
Agreed, Nickycruz, the tax loss selling is probably done for the day, as the poor traders who don't know what investing is, used IMSC for tax selling…. So we had diarrhea of the weak holders!! I was actually surprised to see this trading under $1.00 in the last month…, and so used the opportunity to back up the truck, and double up my holdings…Thanks to you guys who sold me shares for as little at 0.79!! A positive finish will make these people who are afraid of having debt, start to rationalize about why they sold it, when the story is just starting.
Sentiment: Strong Buy
So does anyone know when all these technical "awards" will get converted into contract "awards"? What are the prospects for this company? Time line? Pie-in-the-sky? Some other terrestrial contracts to keep the company going? Does anyone come to work every day and turn the lights on in the office?
Well, if someone had a BUY order in at a LIMIT price 50 cents less than prior trade, , and someone else put a MARKET order in to sell, and there were no other BUY orders at the moment, that would probably do it. Can you explain what the alleged manipulation would be and what the concern is, other the someone placing a market order on a stock that wasn't very active at the moment? ?
So the president of the corp last quarter purchased quite a bit of Inergy shares, listed as "Indirect". Anyone know who was the real recipient of the shares? IS this a family member or trust situation, or was he buying shares to cover being short?
Dec 13, 2011 GAUTREAUX WILLIAM C
Officer 20,000 Indirect Purchase at $22.81 per share. $456,200
Dec 7, 2011 GAUTREAUX WILLIAM C
Officer 10,000 Indirect Purchase at $23.65 per share. $236,500
Nov 23, 2011 GAUTREAUX WILLIAM C
Officer 25,000 Indirect Purchase at $23.64 per share. $591,000
Nov 21, 2011 GAUTREAUX WILLIAM C
Officer 20,000 Indirect Purchase at $23.41 - $23.5 per share. $469,0002
Would anyone care to explain the difference between the shares represented by BAMXY and BAMXF? Are they both ADRs? DO they both represent the same company, or does one also represent shares in other subsidiaries? Thanks for any knowledgeable responses.
The 2-year suspension of preferred dividends should expire in April 2012. Has anyone seen any notifications or indications as to whether dividends will be resumed at that time?
Yahoo lists over 600 million shares outstanding, yet JMHLY trades average of 4000 shs per day. Can anyone explain why this occurs, and who are its holders? Are there other exchanges that show greater volumes that would refelct true interest in buying and selling of this company's shares?
Lease with Getty Petroleum Marketing. So Getty Petroleum Marketing gets new owner. Lease still in effect. A little fear and panic because new owner not named. Buying opportunity. Terms of transfer not named. Poor communication. Class action lawyers frothing at the mouth.
It did break one of two necklines, but not both. It did not break the upsloping neck line that i described in last post. There are no 100% guarantees in investing, either using fundamental or technical data, or both; and there are other inputs that can overwhelm any chart patterns. Charts do not predict the future. If the chairman of some Fruit company jumps out his penthouse window, or a corporate plane goes down with a bunch of corporate directors on it, it doesnt matter that the chart was bullish, it is bad news that can make sellers out of investors. (Both of these things, by the way, have happened, as you know, in the past). Here, the problem with options is the time constraints, so not only do you need to interpret all the data, you need to time these things as well. The chart on CMG is not well. I wouldnt go long, as an investor, today. Probably not tomorrow or next week , either, since they are so many other companies out there to invest in, that have stronger looking charts. As to whether you should have covered or not, that is certainly up to you, since i am not an investment advisor. My advice is only, to read up on charting, especially the classic texts, not the corporate verisons of them, and get a good enough sense of what this is all about, so you can feel comfortable with the decisions you make, and why you made them. To paraphrase a wellknown quote, I think one should learn enough about the market technically to know when to buy and when to sell; to learn enough about the market so you know when NOT to buy and when NOT to sell, and to be able to know when you can't know when to buy or sell, so you can turn around and walk away.