And here I thought Attiva was in a coma! Would have been nice for them to come out with some stated support for the stock today.
Thanks. I've been reading your posts over time and think you have a better feel about this than most. I'd have to say I share your feeling about being neutral on the common as it stands at this exact moment (but am now out rather than in, as not willing to bet on a rally just yet).
Congratulations on that! How do you see the common based on the trading of the preferred? Bull, bear, or neutral?
...finally took it upon myself to call Schwab. For them, setting a limit price does nothing regarding whether the shares can be lent out. And confirmed that if you are not actually using margin, the shares aren't lent out. On the latter, that is Schwab's current policy and they don't know what other firms are doing (meaning it's not a market-wide rule or anything either way). Similarly, I suppose at some firms setting a limit may make a difference but you would probably have to confirm that with your own broker.
...as several people I know said the main reason they are in this stock is on hopes of getting Doral assets cheap. Now that is obviously not going to happen and stock price will have extra weight on it because of it.
Probably a decent short and I expect this to be a slow decline to low 20's over time but don't really want to tie my capital up for months on it.
Smart move for longs would probably be to exit and take another look at this stock in a several months and re-enter at a discount.
Not sure, but I'm skeptical on that. I think if so, it depends on the limit price. If you put a price somewhere in a reasonable vicinity of where the stock is trading, it may make a difference. If you put 20, I doubt it would change anything with respect to shares loaned out. Probably be best to call your broker (if so, post what you find out as I wouldn't mind knowing).
...that was my post over on ST.
Example (you should call your own broker and confirm if you are unsure, as I did about a month ago):
Let's say you had varying positions in your account ($100K account value, but you are on margin an extra $10K) and you had 10K DRL shares. Even if you are on margin only this tiny bit, the broker can loan out ALL of your securities. If you sell off just $10K of securities (preferably not DRL), the broker can then loan out NONE of your shares.
The type of account, either cash or margin, is not what matters. It matters if you are actually USING margin or not.
"Risk/reward from this level is attractive"
Figuring out how to square that statement (which I agree with, obviously) with most of your others...
OK, so "immediately" means "now". Presumably, Doral didn't then submit their capital plan in the next second. What happened next? Nothing. So, contact behind the scenes apparently counts for something, along with the asset sales they are undergoing.
Looks like I got under Maria's skin a little by posting that you don't have much of a life. Posting frantically all day everyday? (um, that would be you, the one with no position). Anyone can check my posts and see that I probably post about once per day.
They definitely need to get the 20F out in the next two weeks, three weeks at the most. Don't want to see them get any closer than that to the deadline and really no excuse to create more uncertainty by doing so.
I don't see any contradiction - Doral says they are in contact and in the process of formulating the plan. Not sure what "immediately" means but I doubt Doral's plan is to get taken over by FDIC so while these releases don't have the clarity they should, have to think Doral and the FDIC are on the same page behind the scenes.
Whatever, Maria. You probably need to get a life outside of this board, in all seriousness. But your "friends" gave you 4 thumbs up! Uh, congrats?
Uh, that was me. He said they were in close contact with regulators and they backed that up with the second 8K.
That said, nothing is ever certain. FDIC is not going to make any kind of move before the PR result comes in.
Nice try but Doral is in constant contact with FDIC - I see no reason not to take them at their word. You act as though FDIC is not aware of ongoing trial or consider that unimportant.
You were wrong a month ago when you thought the FDIC was going to come in on Labor Day weekend. I suspect your record will move to 0-2 this weekend.
agree that the best outcome for PR is a settlement, although who knows what will happen, strange that it took five days to deliver transcripts in this day and age.
If PR somehow were to win the trial, the country will be worse off for it, which makes this whole thing quite mystifying.