What's up? This thing is poping while the rest of the market is tanking. Anyone know anything? Buyout rumors?
Something must be up, and it appears that the news has leaked out. I don't know what is up, but something is in a real hurry to buy. Good for longs!
I think you showed have covered your short yesterday.
I sold my holding when the rally seemed to fizzle, but I bought back in around 18. Something may be up, but today's poor market conditions make it tough for a stock to remain green. I may buy more near the close today depending on how the market closes. Good luck!
Icahn will not idlly sit by and let this happen. He hates losing money. I bought back in because sooner or later he will do something to recoup his money and more. All he has to do is increase his stake and the stock will jump. Be patient because Icahn hates to lose, and he has the resources to prevent it most of the time.
I am betting we will hear from him before the week is out. He doesn't like surprises, and this had to be a kick in the teeth for him. He has the power and the resources to turn up the heat on management, especially when shareholders are angry. I bought back in on the dip because I expect Ichan will not sit back and take this without a fight. A sale of the company, taking it private, etc. could all be in the near future. Although I am not an Ichan fan, he knows how to manipulate the market and making $. Some may be tempted to short, but I think that could be very dicey at best. IMHO.
According to the last report I read in early April, Ichan owns about 29 million shares, roughly 9.3% of the company. Even thought this is a passive stake at this time, Ichan lost over 120 million on paper so far today. That isn't chump change even for him. I expect sparks will fly shortly.
Increasing his stake from 9.3% to 10.7%. The release was posted 5:38 PM today and mentioned that his position originally was passive. I expect that the news of Ichan's purchase helped nuan's after-hours pop. I am not an Ichan fan, but he almost always seems to make money. Heck, just saying he has taken a position is enough to cause a pop. With a boat load of money tied up in nuan, I expect Ichan will not sit back passively for long. I bought back in today, and I plan on holding until Ichan works his magic. It should be fun. In a sense, Ichan has put a bottom in on this stock because anyone who shorts has to know that a news release from Ichan is enough to cause you to lose big bucks real fast. IMHO. Read the Forbes news release for yourself because you should do your own due diligence. Good luck.
I expect Ichan may use the weekend to work out his strategy for NUAN. He is very creative when it comes to wringing money out of his positions, so I expect longs will be happy in due time. Tough and dangerous stock to short at this time in my opinion.
I am only guessing, but I have followed Ichan for a long time, and he rarely sits back and loses money. I expect he will announce that he is taking an activist role at some point in the future, so I am content to sit on my shares and be patient. Earnings just came out, so I think all the negativity has been priced in. I see no downside impetus, so being short could be very costly near term. IMHO.
It is good for earnings, and the low price right now makes it a good time to buy back. Ichan would like that because his % ownership of the company goes up without him having to buy additional shares.
I think your friend may be on to something. Interesting that Ichan reportedly jumped and bought another few million shares without a word, as far as I know, concerning his reaction to the earnings. Ichan has been known to take advantage of everything he can, so I am happy to be long with him and give him time to work his "magic." I personally don't like the guy, but he usually finds a way to profit from most of his positiions. IMHO.
I agree that those who hold will most likely be rewarded. The fact that Ichan has said nothing is a good sign to me. I believe he is developing a strategy, and that would be complex and take some time. We all know that a some point Ichan will speak up. That's when I expect the longs will be rewarded, and the shorts will be sent screaming for the hills! IMHO.
I checked in to see why CLDX was sliding, and I realized that some people are still trying to debate the last election on this message board. Too bad we can't stick to investing issues. Most sane people have moved on because the people have spoken. That's what makes our country great. The next round of elections will come soon enough, and I for one will spend my time trying to quietly make money. By the way, my portfolio and the rest of the market has done very well the last couple of years. If President Obama is going to be judged on every little thing, I guess we have to give him credit for the stock market's recovery. The American auto industry is doing pretty well, and the bank bailout seems to have more than stabilized the banking industry. All the doom and gloom the tea party crew was throwing around hasn't seemed to materialize. Things will get better for the younger generation is much more diverse, open minded, and intelligent than the angry old men who are dooming the Republican Party to second place on the national scene.
It is only a matter of time before Ichan gets around to making a power play wilth nuan. For now, it appears he is enjoying picking up shares on the cheap. Whether he is serious about making some kind of move or play for nuan, all he has to do is confirm his continued interest and the stock will move up. It is sad, but this guy can move the market just by opening his mouth. I am not a big fan, but I expect he will help nuan longs make a little money. Being short at these levels with Ichan holding a big stake seems like investing suicide to me. IMHO.
Ichan has a lot of money tied up in Nuan. Right now he is distracted with Dell and Herbalife, but sooner or later I expect him to start making noise with Nuan. What he has in mind only he knows, but management has to be worried. Might they look to sell the company in order to beat him to the punch? We shall see. I am long, and I am willing to sit back and profit when Ichan starts sniffing around a company.
From what I see, it looks like someone bought 52k shares at 18.85 when shares started trading at 8AM. If Nuan is weak with the rest of the market on the manufacturing news, it appears to me that most of the pre market volume was to the upside.
Ichan certainly likes to pull out all the stops. It will be interesting to see what he is up to. Could he be thinking of taking Nuan private at some point? Whatever he is up to, I like the fact that he hold a large % of stock.
Carl has so many ways to make NUAN go up that I view it as only a matter of time before longs will be rewarded. One press release that he is taking a greater interest at some point would push this over $20 IMHO. If a lot of people are rolling the dice and shorting, I would expect to see $22 with a squeeze. It may drift for awhile, but Ichan is lurking, and this might cause management do something to reward shareholders or even sell the company before Carl makes his play. Good luck!
Just the hint of news has this puppy jumping. I don't know how big the short position is, but I would think it is an extremely dangerous position to hold. Ichan may be quiet right now, but his presense says a lot. Nuan management knows it is only a matter of time before he applies pressure if he doesn't get his way. If Msft, Apple, or anyone else has an interest in buying Nuan, I expect management would be more than willing to take the money and run. Dealing with Ichan could prove most unpleasant. IMHO.