Called my broker dealer at 2pm this afternoon and there is NO STOCK TO BE HAD TO SHORT. Only 7+ mill in the float .....someone is dumping their huge stake in the company today based on news pending, negative information gotten.... or there is naked shorting going on which I thought was illegal......
Just as I stated before....they did not say exactly that they would do an equity offering
Midstates now plans to fund the acquisition fully with $700 million of debt and has canceled its plans for an equity offering.
Did the company specifically report that they were going to do a secondary offering? I did not hear or see that exactly.. ...If that were the case..... that would explain the 40% drop due to scared money not knowing what the price would or will be. However if they have not publically reported that they were doing a secondary they may find other financing options and the extreme price drop was and has been unwarrented.
Revernues were up over 18% from year last...this deal is huge for the company. Stock is way oversold and undervalued and is a steal at this price ....that's STEAL...not STEEL...Look for double digits in the near future going forward.......
That is pretty big news....surprised that the news has not popped the stock over $9 here...
Looks like GDP is on to $18-$20....I'd cover Foster if I were you...I mean...I'm just saying.......
If it breaks $15.18 she is running to $18-$20....
Any selling that comes in gets eaten right up with buys. My guess is that the smart money is buying and winning with holding steady the price here. Shorts or sellers will be the losers...based on the stock action over the last days. I think people buying know something....thats my guess.
Chart looks great here and target of $18.00 soon looks to be coming soon....!
Pretty big news....bet the terms were big for ROVI on this one Hulu owned by Disney...Should see share price rise on this news...more settlements to come I'm sure.........
Big drop of 34% of CLF recently without a bounce is uncharacteristic. If you look at the long term trading pattern over the last 3 years...CLF has had at least a bounce of 12-25% after a big drop. I see something on the upside coming soon....
ROVI shoud be trading in the $20's here. Going to earn $2.32 next year? modest multiple of 12 times earnings put ROVI at $27.84. Wouldn't be surprised someone stepped in and bought ROVI for a bargain. Offer price $30-35.....
Book value $8? Who says that is real? Books could be cooked for all we know. Some entitiy is dumping the stock and there is No buying here...None. At some point someone has to realize reality and sound the alarm that the USS PGH has hit an iceburg and she's sinking fast!
There is no way they can keep the current dividend something's gotta give!
Looks like I was right last month...glad I bought then...reaping the rewards today. Like I said the domain name WebMd is worth a lot more than the price it was trading then...may see a buyout this year.