Who is Alan Daniels and what does he have to do with LVLT? The article I quoted from was by David Klein.
From an article on seekingalpha:
Time Frame: This analysis is for a multiyear investment horizon not a short term trade. As growth continues to improve FCF will grow substantially over the next five years and beyond, providing long term value based on the price at the time of this writing.
Don't have access to daily pricing that far back. All I can see for March 2000 is open 1699.70 High 1,983.77 Low 1,436.26 Close 1,586.27.
The February monthly close was 1899.39. Since it did hit 1,983.77 at some point in the month a daily close of 1950 is very possible.
The highest price I can find was 1899..39 in February 2000.
3/13/2009
He exercised expiring options on 75,000 shares at $4.03 on 5/17 and now has 348,500 shares.
I am suprised that a knowledgable investor like you did not have a limit order to short at $5.66 since you always know in advance the top and the bottom.
How did you miss the $5.66 top today?
Opened at $5.46 and closed at $5.59 for a gain of $0.17 (3.14%).
$5.51.
That should have been: as high #$%$51
I am neither a pumpettee nor a dumpettee. It is not unusual for thinly traded stocks to drift toward a price that minimizes the value of open options on expiry. There are 3,746 open put options with a strike of $6.00 so it seemed logical that the price would drift to there. I apparently should have stayed with my prior post in which I noted that it appeared that someone was trying to keep the price around $5.50.
As to today’s trading the stock opened at $4.49 and, after briefly flirting with $5.32 and trading as high #$%$51, it closed at $5.43.
Sorry if this is a duplicate post but the one I posted a little while ago has vanished.
It should be around $6 by the close on Friday to minimize the value of the open May options.
You did notice on Level 2 that tjere was an 18K+ buy sitting at $5.50 didn't you. It appears there is an attempt to get the price to $5.50 until the May options expire the end of this week.
Is Gavin Choy likely to say anthing new in his presentation at the 3rd Epigenetics in Drug Discovery conference tomorrow?
The awarding of a patent that was pending for two years is not enough. What else came out?
He said that TW Telecom is likely to be acquired and mentioned Zayo and Comcast not Level 3:
Keith Meister, managing partner of Corvex Management LP, discussed the companies at a conference. Meister noted that TW Telecom has committed itself to be an organic grower and will be bought some day. Potential buyers could include Zayo and Comcast Corp.(CMCSA) , he said during a presentation at the Sohn Investment Conference. Meister sees TW Telecom ending up as part of a larger company while Level 3 is likely to be one of the winners of consolidation
There are two problems with that. Usually, when a company is sold the price paid includes a premium above the current share price so wiating would produce a bigger profit.
More importantly, if Manuso traded based on inside information he would subject to both a civil and criminal actions by the SEC. They've been very active of late on insider trading cases.
No. IR was specific that they don't all vest on June 21st. Most of them vested earlier. Any vested option can be exercised at any time. The note simply says that 8M+ will be vested by June 21st. That includes all options that vested before then.
They updated ASCO to attending. However, they are still scheduled to present on SGI-110 at the 3rd Epigenetics in Drug Discovery conference on May 10th.