Could you supply a link showing the ownership by Seagate? I can only find where they were granted 48,000+ stock options (at an exercise price of $8.05) in July, 2012.
I have an order in for some more shares today, also. My first purchase was at the end of June at 1.97. I have done pretty well on some of Kirk's stocks and I, also, am here to hopefully realize the potential. I bought some Interxon when it tanked in May and did pretty well with it. I have September 17.50 and October 15 puts sold on it.
Yes,I am a shareholder. I don't post much on message boards as most as so lame. I put a lot of posters on "Ignore". I own several "Randall Kirk" stocks as well as some of "Dr. Philip Frost" stocks and some "Wilbur Ross" stocks. .
It means Private Investment in a Public Equity. These are usually sold to large investors on a one-on-one basis without the same amount of disclosure that is required for a public offering.
Isn't recess over? You should probably get back in school. It never ceases to amaze me the stupidity that shows itself anytime a negative of any kind occurs,
I just found this stock and it does look promising. I especially like the dividend. It is the same type of company as a stock I have been buying recently. It is Pendrell Corp. (PCO). It is currently suing Apple, Google and others. It also just had three of its important patents validated and they have just signed new agreements with several companies. Institutional ownership includes Highland Capital, a very successful investment company that I have followed. Also, a fund I own stock in (Nextpoint Credit Strategies Fund (NHF)) and which has increased 50% since I have owned it (about two years) has invested in this company. I am not pumping the stock. I have only owned it a couple of weeks. I like WILN and plan to buy some tomorrow and then watch it for further purchases. Thanks for your input and let's hope we have made a good decision.
America doesn't care about four brave Americans being killed? What kind of idiot are you? Apparently the same kind as Hillary Clinton. If you think that way, you should just move to Iran or Syria and see how you like it.. We don't need your kind in America. May you be on the front line if we are ever attacked. Don't bother replying. You are on ignore!!!!
What an idiot and a spammer!!! They have a grand total of $6,000 in cash and the stock sells for $0.02 per share. Why don't you waste someone else's time on another board.
I have noticed that a few gold miners have cut their dividends recently. How much does the GGN dividend depend on the miners' dividends vs. covered call writing?
I just found this stock in May and bought an initial 1,000 shares at $5.83. I have followed Wilbur Ross investments for some time and have done quite well when I have bought them under (sometimes substantially under) his purchase price. I found this stock after looking at some of his recent purchases. He buys through Invesco Private Capital. I also find it interesting that GE owns the stock. Any further insight you can provide regarding the company will be most appreciated.
I intend to wait until after they price the new units. The price on these MLP's who issue new stock tends to go below the new issue price for a short time after the new issue price announcement. May or may not happen this time.
I am in the same shape that you are. I have decided to bite the bullet and sell my shares(and they are in an IRA). There is a closed end fund run by Gabelli (GGN) that I have decided to buy. Yes, it is gold and natural resource oriented which is certainly not in favor now. But it has a(rather consistent) yield of about 14% and it is at a multi-year low due to what's happened with gold. They own gold miners and oil companies and not (as I understand) physical gold. I am of the opinion that there is little upside (there hasn't been much movement since 2008 and the dividend keeps getting cut) in ADVDX and I am of the opinion that the long term return of GGN is superior. I am not trying to pump anything, just to make you aware of one possible alternative. Do your own due diligence and good luck.
If you would buy the stock at that price, why don't you sell a March $20 put? You can get$0.55 per share and will thus be in it at $19.45 if it is put to you. If it isn't put to you, you will pocket the $0.55.
I have owned this off and on for the last two years. I never worry about whether it tracks the market as intended. I sell puts and calls on it every month and have for over two years. The price of SPXU is based more on the perception rather than on the actual market movements and it makes for big premiums in the options.
For example, I currently own 3,000 shares of the ETF. For tomorrow's expiration, I have 10 call contracts(1,000 shares)with a strike price of $19(for which I received $0.33 per share); 10 call contracts with a strike price of $20(for which I received $0.28 per share); and 30 (naked) put contracts with a strike price of $11 (for which I received $0.24 per share). I have thus received about $1,300.00 in total option premiums for January.
Based upon today's price (about $11.47),the calls will expire worthless. The puts may also but, if they are put to me, I can sell a February $12 call for $0.50(thus making $1,500.00 for the option plus $1.00 per share if called). I can also sell out-of-the-money puts for additional premium income.
I have, and will continue to do this every month. Some months, the shares may be called (so I would just sell more out-of-the-money puts) and some months the shares may be put (so I would sell more out of the money calls). Net, net I am up a ton on the over the last two years. Anyone who claims one is stupid for holding this is very un-sophisticated.
Hopefully school will start soon and you can begin your 5th grade classes and leave this board to those who have something to contribute.
Thanks for your additional research. I have been adding to my position at 3.50 or below. I added about 6,000 shares in the 3.30-3.57 range.
Ross was also a big buyer of ICO which was just purchased. I had watched it in the 3-5 range but never "pulled the trigger". Today it is around 14.50.
I also noticed that he has recently bought BIOS. I lucked out and bought a couple of thousand shares at 4.53 in my IRA's on May 2. I didn't even know they were announcing earnings the next day. The earnings were great and the stock jumped to the mid-6's on May 3. I sold half of my position due to the quick run up but it has gone up a little further and is now about 6.75. It has been a lot higher in the past and I may buy more on dips.
I think it is worth watching Ross's purchases given his track record.
Thanks again for the additional information.
Since earnings were just announced, I assume there is nothing new but who knows.
I attempted to calculate Wilbur Ross's average cost in SNBC shares. According to Yahoo he owned 1,812,500 s/s prior to November, 2010 and I do not know what his cost was in those. Since that time he has purchased 18,844,907 s/s at an average cost of $3.50, according to my calculations.
Didn't I read that he has joined the board?