With 1 million of Brafman's options at an exercise price of $4.00 and another million options at an exercise price of $5.00 ... at least there is a strong monetary reason for him to want IFMI's share value to increase ... who knows ... maybe my 30k shares will be worth a little bit in a few years ... at least I can hope ...
That even after an abusive day for IFMI like Friday, people are still willing to buy, and furthermore, bid the close up to almost the high for Friday and the same for today .... we're already up almost 60 cents from Friday's low .... could be worse
it would be nice to see it above 3 again .... but at least it's going in the right direction .... certainly not many buyers on a day to day basis though ....
Jeeeez Louizeee ..... Move ALL your ridiculous pumper/short #$%$ on to another stock. This board used to be informative with ethison, misha and others ..... thank you in advance for your departure ........
it would certainly be nice to see the dividend get back up to a nickle .... this quarter has already been declared at 2 cents payable on March 28, 2013.
that i did .... most of my stock is new from last year .... with a basis at around 80 cents ... the reverse split took place at the end of 2009 ... post split shares have traded mostly in the 2 to 5 dollar range since that time, with the lowest prices occurring in mid 2012. This is when I purchased the bulk of my shares .... it was that 2-5 dollar range that I was in reference to ....
over 57000 shares .... and we're only 19 points away from the 52 week high ... there was already a healthy retracement at the end of 2012 when the stock hit 1.60 ... so maybe we can expect good things for a time .... especially if reasonable earnings are disclosed next month .....
The chart is even more pathetic .... if you were to draw a trend line it would indicate that we will be owing IFMI money just to hold the stock another couple of months .... which is just about true when you consider that all the recent "dividends" were return-of-capital ... yahoo has the 1 yr projection at 50 cents ... I hope we don't see that ....
+++i think this is too simpistic. for example, what is the probability that elan fits into the 30% of those that don't retrace ? e.g., the probability may be 98-99% that elan is in that category. i would guess that those that didn't retrace had significant changes in fundamentals or significant news flow as elan has had+++
Exactly so ... it is a very simplistic analysis. The fact of the matter is Elan might be in the 30% category ... or not. The reasons that a stock doesn't retrace after a gap are numerous and might have nothing to do with the fundamentals or news of the stock in question. A great day in the overall market, good comments on a particular sector, positive comments from Greenspan, the start of a war or the end of a war .... the list goes on and on, and makes the "guess" about why a stock did not retrace, exactly that ... a guess. All I've said is that in approximately 70% of the cases of roughly 35,000 stocks, in some 400,000 cases of a gap up ... the stock retraced to the fill the gap. Take it for whatever it is worth. I don't offer it as trading advice .... just an insight.
+++In the case of ELN that gap began at 8.93 and extended to around 11.00.+++
are you short elan or are you not confident it will retrace. that would be a nice profit. it's a sincere question.
Actually I'm long on Elan ... I lost about $70,000 on warrants a couple of years ago when the stock dumped, but over and above that, I still like the company. I do have some $10 puts but nothing of much consequence. As far as the retracement ... who knows? There is still over a 30% probability that it wont retrace, and even if it does it will most likely recover shortly after. Hey .. stocks should be for the long haul right?