Some fund like Banc Funds or PL Capital must be buying more ... but except for the one big trading day, they can't find any more stock to buy. That's right, someone sold them stock when it was around $13 ... suckers!
Even if you take a case like Badii, RICK put some points on the board ... but defense costs had to be high ... with likely no ins.
Government can't predict the markets, but they have a lot more nonpublic info. on HMPR.
"The medical office sector could reach a tipping point over the next several years, though, as many long-term tenants of aging medical office buildings, primarily independent physicians, retire or opt for hospital employment. In some instances, health systems will maintain occupancy in older properties if an acquired practice serves a specific niche, but overall leasing trends will reflect a penchant for modern office buildings."
Here's what I say ... why pay for cable TV when you can get comedy from SEC.gov for free!
They do raise money for the company, since when the warrants are exercised the company gets the exercise price. However, the problem is if the exercise price is $10.50 (you can look it up) and the stock is trading at $11.00, more shares are being issued at a lower price than market. That is called dilution.
In the meantime, the warrant holders pocket the difference between the exercise price and the market price. They are betting they can exercise the warrants for shares; and then unload the shares at a profit before the SHTF.
Well, yeah ... at the slow rate the courts move on the major cases, they can probably do that!
What makes anyone think you can do better? Government gave up at $1.57.
It probably looks like the NCAA brackets ... with Hart and Columbia/Sony headed to the finals!
I don't know how to interpret that long term ... but short term, it will probably drive the price down a lot. Fact they are selling so much has to be discouraging,
"Layering" ... I didn't know that was illegal. Evidently a lot of other people don't know it either ... looks like widespread noncompliance with the rules.
"SEC Charges Owner of N.J.-Based Brokerage Firm With Manipulative Trading
Firm and Co-Owners Charged With Registration Violations
FOR IMMEDIATE RELEASE
Washington D.C., April 4, 2014 — The Securities and Exchange Commission today charged the owner of a Holmdel, N.J.-based brokerage firm with manipulative trading of publicly traded stocks through an illegal practice known as “layering” or “spoofing.”
The SEC also charged the owner and others for registration violations. Two firms and five individuals agreed to pay a combined total of nearly $3 million to settle the case.
In layering, the trader places orders with no intention of having them executed but rather to trick others into buying or selling a stock at an artificial price driven by the orders that the trader later cancels. An SEC investigation found that Joseph Dondero, a co-owner of Visionary Trading LLC, repeatedly used this strategy to induce other market participants to trade in a particular stock. By placing and then canceling layers of orders, Dondero created fluctuations in the national best bid or offer of a stock, increased order book depth, and used the non-bona fide orders to send false signals to other market participants who misinterpreted the layering as true demand for the stock.
“The fair and efficient functioning of the markets requires that prices of securities reflect genuine supply and demand,” said Sanjay Wadhwa, senior associate director of the SEC’s New York Regional Office. “Traders who pervert these natural forces by engaging in layering or some other form of manipulative trading invite close scrutiny from the SEC.”
Joseph G. Sansone, co-deputy chief of the SEC Enforcement Division’s Market Abuse Unit, added, “Week after week, Dondero lined his pockets by placing phony orders and tricking others into trading with him at distorted prices. The fact that Dondero perpetrated this deceit through the entry of trade orders did not allow him to evade detection.”
... they don't know what they are buying. I would stay away from mortgage heavy banks. That cuts out TOWN and MNRK, I would say.
So why don't the Towne Banksters merge with the Towne Wannabees? On paper, it makes a lot of sense - markets overlap, but you close the Monarch branch shacks and roll them into the Towne branch palaces - then you eliminate a lot of the cost duplication. Since they almost certainly won't merge (too many layoffs would result), I would look at some bank stocks with more potential.
They just put those bids up to fool you into buying ... someone puts up a limit order to buy, it becomes the bid. It's not really a positive though. If they really wanted to buy, they would pay up .. so they don't want it that bad ... then they cancel anyway.
"Quiznos has filed for bankruptcy, USA Today reported, and could close many of its 2,100 stores.
Sbarro which operates pizza and Italian restaurants in malls, is planning to close 155 locations in the United States and Canada. That means nearly 20 percent of Sbarro’s will close. The chain operates around 800 outlets.
Ruby Tuesday announced plans to close 30 restaurants in January after its sales fell by 7.8 percent. The chain currently operates around 775 steakhouses across the US.
An unknown number of Red Lobster stores will be sold. The chain is in such bad shape that the parent company, Darden Restaurants Inc., had to issue a press release stating that the chain would not close. Instead Darden is planning to spin Red Lobster off into another company and sell some of its stores."