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PDL BioPharma, Inc. Message Board

astuteinvestor1 8 posts  |  Last Activity: Aug 13, 2014 4:49 PM Member since: Jul 6, 2014
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  • astuteinvestor1 astuteinvestor1 Aug 13, 2014 4:49 PM Flag

    Yep, no need to book the loss early if the buyer is long the contract (I still believe it was a call seller).

  • astuteinvestor1 by astuteinvestor1 Aug 13, 2014 2:51 PM Flag

    That's one small step for man, one giant leap for DigitalGlobe....

  • astuteinvestor1 astuteinvestor1 Aug 12, 2014 10:30 PM Flag

    adeflig: You are formulating a hypothesis based on faulty data (see my post above). Those 109 contracts for the September $2.00 calls traded weeks ago @ $0.08. I'm guessing that volume was on the bid side and not at the ask. If you go to the NASDAQ website, you will see there was no trading volume today in any of the ETRM option contracts for September 2014. Unfortunately, the $80,000 potential return you cited is more likely to be a loss of $872.

  • astuteinvestor1 astuteinvestor1 Aug 12, 2014 10:18 PM Flag

    gianni_urgentsolutions: The volume in the ETRM August calls that you and others have cited did not take place today, but actually many weeks ago. As we all know, Yahoo! Finance is a free site so you get what you pay for with respect to the data. Trading volume for options does not update on a daily basis, but only when new trades occur (e.g. if 100 contracts traded 20 days ago, that 100 contract volume will show up each day in the Yahoo! Finance data until another trade actually takes place). If you go to the NASDAQ website, you will see that there was no volume today in any of the ETRM August 2014 call option contracts. It's almost a certainty that the $2.50 calls, $5.00 calls and $7.50 calls will expire worthless in three days so it's understandable why there was no trading volumes in these contracts today (i.e. no need to cover if you are short, well out of the money if you are long).

  • Reply to


    by adeiflig Jul 29, 2014 11:21 AM
    astuteinvestor1 astuteinvestor1 Jul 29, 2014 12:19 PM Flag

    Good thing he didn't take your previous advice of buying well north of $2.00.

  • Reply to

    Raven now shrieking about BBRY on Twitter :)

    by srikantmarakani Jul 16, 2014 12:39 PM
    astuteinvestor1 astuteinvestor1 Jul 16, 2014 1:47 PM Flag

    QTR = retail monkey. See his SA biography and bromance with the clowns on CNBS.

  • Reply to

    Proxy question

    by nyjohnnygray Jul 13, 2014 3:04 PM
    astuteinvestor1 astuteinvestor1 Jul 13, 2014 3:52 PM Flag

    MNK & QCOR filed an AMENDMENT (S-4/A) to the initial S-4 (merger proxy) filed on May 16, 2014. You will also notice that the amendment clearly states that it is a PRELIMINARY JOINT PROXY STATEMENT/PROSPECTUS, SUBJECT TO COMPLETION. It's no different than a preliminary prospectus / "red herring" for an IPO. Companies file an initial document and then file amendments to address comments from the SEC.

    From the bottom of cover page of the S-4/A, filed on July 11, 2014:

    "Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the securities to be issued in connection with the transaction or determined if the accompanying joint proxy statement/prospectus is accurate or complete. Any representation to the contrary is a criminal offense."

    The process is moving along, but there is no official go ahead from the SEC until the registration statement is deemed effective and a final copy of the merger proxy is filed.

  • Reply to

    Share action before FDA decision

    by kislapmata55 Jul 2, 2014 1:56 PM
    astuteinvestor1 astuteinvestor1 Jul 6, 2014 4:30 PM Flag

    It's too bad I can only give you one up vote.

    "There are two types of forecasters: those who don't know and those who don't know they don't know."

    John Kenneth Galbraith

9.55+0.23(+2.47%)Aug 19 4:00 PMEDT

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