Has anybody else noticed that we seem to hit an area around .10 to .30 (and you pick the dollar amount) then we simply go up and down, up and down as though it was being held down at that range. Coincidence, nonsense or me seeing too much into the trading action? There may be something to all these complaints about manipulation.
One more thing (not trying to pile on) but the shares exercised have no effect on the markets directly. Indirectly, people like you see it and go into a hissy fit thus indirectly causing a selloff which does effect the PPS.
Also, Apple at that time had a huge amount of money (still do) tied up in other countries due to our lame tax laws. But I don't think GILD has that problem, at least not yet. Congress has once again promised to address tax reform and maybe this will finally be resolved.
"Soon" is a little open ended - could you be a bit more specific? We have all heard this before many times only to watch the stock flounder. Those bull flags are starting to turn into bullsheet flags.
Remember a year or two ago, Apple took out a bond offering and everybody said WTH are they doing - sitting on a mountain of cash and not needing it. If you remember the story and the reason behind itl, your question is answered. If not, either I or someone else will explain.
When people stop SELLING, SELLING, SELLING!!! Every day I think to myself "Today is the day when seller exhaustion takes place." Then I look and see that the selling seems endless. 1.40 seems to be holding for a bottom but renewed interest in buying is not happening. The last ER should have convinced most that the co. is NOT on the verge of BK and may be turning around but the worrying and negativity continues.
OK, I'll bite, What in the hell is "The Book of Sphanx"? I'll probably later regret having asked the question.
Not saying it's gonna happen but I've seen a select few companies who have reverse split and not only survive but go on much better off than before the split. The key to it seems to be how many outstanding shares there are. Some companies have a ridiculously large amount of shares outstanding and the reverse split brings it back to a more reasonable and manageable amount. DRYS doesn't qualify because it hasn't even hit the one billion mark yet.
Others before you for years have been claiming the very same thing and yet we're still here alive & well (well, maybe not well but functioning and the doors haven't been closed down). 5 or 10 years from now some other poster will take your place expounding at great length about how awful this company is and of its imminent demise - it goes with the turf and we're very used to it. Rap on.
I don't think any technical thing is holding us back. It's simply too many people not convinced that this stock is the greatest thing since sliced bread. When that thinking ends, the stock will move forward.
If the truth be known, you probably have to search under your worn out sofa for spare dropped change just to buy a happy meal at Mickey D.
As Roseanna Anna Danna used to say on SNL "It's always somethin'." Add to the list all the weekly and monthly options expiring, debt obligation maneuvering, economic woes of various countries, commodity ups and downs, geopolitical risks, etc., etc., etc. You could drive yourself crazy worrying about all the unknowns out there. Have a beer, kick back and relax - it's going to be a bumpy ride but hopefully profitable.
The word that was deleted by Yahoo is the party that ran Germany 1933-1945. It was meant to be a parody of the Seinfeld character who sold soup to New Yorkers and was very tempermental and rude to anyone who displeased him. Kinda killed the humor but maybe some of you figured it out anyway.
No more profits for you!
BTW, how does 190 puts @1.40 a piece translate into "boat loads" even if it does drop below 107? You're looking at profits that won't make you an overnight sensation, just another trade in a sea of trades. If you were talking about thousands of puts, that would be a different story.
Once again, you submit a ridiculous comparison. Enron was found guilty of cooking the books (a very fraudulent activity and we all know how that story ended). GE's buying of shares only proves that he now has more skin in the game and nothing more If George is or was cooking the books, he must be very artful at it as he has not been caught yet or even accused of it (except by shorts and other disgruntled types).. Not pumping it, just declaring it as a material departure from his usual antics. The folks who cut the deal probably did that as a cautionary condition. It may turn out to be a bottom (1.40) and provide some measure of safety against the dilution the stock took.
For what it's worth (may be nothing), hit a daily bottom at 1.40 and the ask has crawled back to 1.44. 1.40 coincidentally is the price GE paid for his 80 million dollar purchase so maybe, just maybe, THAT is a true bottom that we can all embrace. How the PPS plays out from here is anybody's guess. I noticed that after ORIG took an early hit because of a divi payout it rallied back to the positive in spite of the fact that oil continues to drop.