nope. I didn't because I had the balls to buy when we plummeted to that first day and I loaded up in the $0.80s. No excess money for more direct share purchases.
However I am playing with call options and have limits put in each day to pick off weak hands there. Haven't gotten anything however since that first day when I was about to buy $1.5 Junes for 5 cents, $2 and $2.5 July's for 5 cents. etc. I put in $0.05 bids on the $2 and $2.5s for August on Friday but no one bit... ah well.
Keep bashing and maybe you can help me get my bids. ;-)
For now I'm holding. I'll sell some covered calls for July at $2 as we get closer to expiration to enhance my returns on the $0.80 shares purchased. if it hits wonderful. if not then my basis is a smidge lower :)
not sure why someone would downvote Kinsma on this except for just not liking what he said. I agree there are other reasons the stock could drop and still have a chance to rise as he mentioned. I'm long and hold a lot of shares and options so while I don't like to think about this happening I do appreciate different views with valid points.
really PC why are you here? Your previous posts hint at you are up there in age so why do you act so childish? Did you make so much money that you find your time is best served scouring yahoo message boards and heckling people trying to invest? You have no financial interest in this stock yet you come back to just make fun of people. so strange. I always thought when I got old I'd sit in a front porch and people watch but I guess in the tech age its all about heckling the young ones online behind the safety of your electronic device.
it was actually posted on the FCC website on the front page the day and day after initially announced.
So based on your previous comments and the original posters comments what does that tell us if it closes down on lower than average volume?
Please elaborate on your objective fact and the back story to how it went from 3m to 7m. Please also explain what affect the 100m+ volume sell day means to the story along with the large volume accumulation days that followed for the following 3 trading days. Then we slowly drift lower at much lower volumes than the primary drop and following accumulation days.
I'm interested to hear your expert analysis.
I'm sure you were smart enough to realize why this is the case and just saying it to rattle the longs and influence some to sell.
It is the average over the last 3 months and there were over 100m shares traded in 1 day when they made the initial announcement that 1 voted no and 1 dissented. Obviously the average share count will jump especially with the day traders and those making a quick profit trade this stock in and out. Sure there is a lot of sell side activity especially when that day of over 100m shares were done during a selling day but it certainly wasn't someone like Einhorn doing all the selling.
decent try at a different scare tactic angle
sheesh. why do you constantly just hang around and bash people? Been seeing your garbage for a while now and was hoping you at least post something of substance yet all you are doing is heckling other investors. Some of us are here to try and find good information on the stock however you flood the board with nonesense. Based on your other posts you are up there in age and I would expect more... grow up
same. loaded up in the 80s as well as a few hundred call options. glad to see the algo's trade this down on headline news which is 1 vote out of 5.
its all over CNBC and the news. not very good results for their cancer drug or something along those lines. Do some DD next time before posting something like this.
just sold half for 100% rate of return. playing with houses money now. can't go wrong with that.
don't see think that is a flawed thought process for smart investing?
Ignore all the negative posts and only listen and post positive items?
I'm long Gsat and by a lot even with my covered calls I wrote on the $3 March expirations however I'm not foolish enough to ignore intelligent posters whether they agree or disagree with my investment thesis.
Just my 2 cents. Pump away and I'll be happy when we hit $4+, $5+, $6+ etc.
i agree and kind of hope so. I sold covered calls on a portion of my GSAT holdings at $3 strike for 3/20. I assumed we would get the pop from a successful FCC testing but I didn't think we would get a FCC answer before the options expire. Kinda hoping we close at $2.99 on 3/20/2015 so I can keep all my shares :)
If I was reading the announcements correctly if there isn't a bid on a band then it gets closed.
I think the AW-CMA band closes after round 326 if their is no bid in the next round and only bidding is allowed on AW-BEA since the last AW-CMA bid was in round 321 as per announcement "Pre-Band closure procedures".
Anyone understand this differently?
I hope no one bids.
only 3 bids on the last round. Wonder if all the speculation that they won't announce anything about GSATs spectrum until after the auction is true and now that the auction looks to be finishing that GSAT should get some news.
GL to the longs and speculators.
true. Hence the "idea" the markets are ready for a pull back of 5-10%. Sure you'll be right eventually. At 5% you were right ~5-6x over the last 3 years (I just guessed at the 5%+ pull backs and didn't pull a chart to count) but a 10% pullback you'd be incorrect for a while now unless you wanted to split hairs and talk intraday or only 1 market but not all 3 mentioned.
But if the market goes up 15% first before a 5% pull back do you ever get that 5% pullback you wanted to buy in or did you just buy in 10% higher than your previous statement?
Kinda like I'll buy back in below $4 when selling at $4.15. Sure SID has pulled back over 15% from the ~$5.30 highs a month or so ago but we are still ~13-15% higher than the $4.15 sell.
Do explain how the power of the buyback is getting weaker. I'm confused.
If the share price is going lower as you believe wouldn't the power of the buyback be stronger since they buy back more shares at a lower price leaving more capital for more buybacks or whatever else they decide to do?
Right now SID hasn't announced any of those special dividends like they did last year which is fine. Buy back lots of shares now to reduce share count and increase dividend when they announce their annual dividend. The companies dividend philosophy hasn't changed. It is still 25% of net profits. Less shares mean more profits per share means higher divvy. Seems like a positive strategy to me.
By the way have you figured out how to tell how many shares they've bought back yet for each of their share repurchase programs?
its not an exchange of ideas to make guesses with no information to support your "guess".
1. Dow/NDQ/S&P are ready for a pullback of 5-10%? This is a random statement made by every market pundit over the last couple years. Please state why you feel this way such as you don't believe it is positive news that over 70% of S&P 500 companies outperformed on both revenue and EPS. That at least has substance. Or say they are due for a pull back because companies are slowing down their massive share repurchases which is decreasing the # of shares outstanding and boosting EPS. Or make something up besides a random guess.
2. Do you even do google searches before making random comments? Had you done a search for china steel production 2014 the first article that pops up is titled "China, U.S. Lifts Global Crude Steel Production in July". Sure you may say global steel production is up 1.7% YOY, USA up 2.3%, and china is up 1.5% but utilization is down to 75.4%. But then you would need to take into consideration China being the largest steel producer and largest importer of iron ore will benefit iron ore prices which benefits SID's iron ore biz. Then higher iron ore prices + coking coal + dry bulk shipping = higher steel prices = benefit to SID.
So sure. share ideas. Not random guesses.