WSJournal has a great article today on American Airlines BK. All of the stakeholders got paid. All the bondholders reaped a fortune, and the comon shareholders, some buying at .20/share, got saved. Admittedly, the situation does not happen frequently---but it does indeed happen. Ergen's no dummy. I believe he's hiding in reserve the Blockbuster pending assets. Dish still battling for its ultimate revenue stream and future. My dollars to donuts says BB has a future. Huge revenue stream for BB, simple to undercut NFLX pricing etc. HFG
Sentiment: Strong Buy
IN UPCOMING SPECTRUM AUCTION. Sprint CFO said today in NYC they will not be bidding on the "H-Block." Sprint was "highly expected" to bid. "The move leaves Dish as the only large company known to have plans to bid in the auction." "The FCC has set the reserve price for the H-Block at $1.56B, and the auction is scheduled for January." Looks like Ergen is facing decision time. What exactly is the company's model? Set a plate for BB at the Dish table.
Sentiment: Strong Buy
Who's the punk that's giving me the thumbs down??? SNOOTHE PHONY. You copped someone's ID. You know what that means??? You're one of the longterm following punks. Why would anyone want holdouts to go to zero. I think all these posters are one guy with an agenda. Anyone holding is obviously down, so what's the point??? This guy is the Deerhunter. He wants you to pull the trigger. But, I don't care who it is. I'm just holding on 400K strong. I find it outlandish that something that calls itself a human being could even possibly be rooting against the, to this day, surviving stock. It's a madman that would argue against holding at this point. I'm never selling, and loving every minute of it. It's a personality disorder to be ripping on BB. All the phony ID's, it's one dude who's got a personality disorder. Get a life, dude. And, HFG. I think Ichan is still alive in this somehow. Ichan Enterprises trading above $100.
Appears AT&T is in big trouble, as they've been aggressivley tying to ramp into Europe, tying to line up Vodaphone. But, public information (Snowden action) now indicates they've been complicit in international spying, providing call details to NSA etc. Europe is ripped about this. WSJ also says ATT facing massive headwinds as a result. BB doesn't want to tap you, BB just wants to provide entertainment, That's a bullish niche, the way things are going, with the unrestricted government data collection. Dish is in a cut throat business, Ergen knows it. He's getting jammed at every turn. I think he's holding BB in reserve. Good generals always have powerful troops in reserve. Scanning for headlines on the OTC problems---says hedgefunds regularly trade distressed companies. Pro's are reading the Journal. It says BB is not dead yet. Until the shares are cancelled we're HFG. BB could be the "get out of jail free" card for Dish.
It's just like LTE, longterm evolution, in the communications industry. Clearly, it's all going mobile, home PC sales and chip stocks under pressure. Payne stated the studio's had their own agenda. Seems it will be a matter of revenue sharing, with the carriers cutting deals for distribution. Dish knows Payne is printing cash. The margins are clearly there. Bankruptcies are often healthy---they clear out all the dead wood so that only the strongest remain. Payne said it himself, he's the last man standing. Indeed, that's the title of the article in the WSJ. WINNING
Maybe Payne is a loose cannon with loose lips. But how could he be interviewed by the WSJ and the editiors did not catch this seeming falsehood??? Maybe the WSJ will correct it in their Page 2 Amplifications and Corrections little box at a later date. This guy Payne would be a wealth of information. Somehow, Dish is giving this guy a green light to continue operations. Perhaps his model of switching quickly to DVD's and undercutting pricing is exactly the model BB will follow. Seems obvious. Payne's model is producing. Interesting that his business is thriving in TX. Isn't that the incorporated BB domain??? TX is very business friendly.
WSJournal weekend edtion has a great interview with Alan Payne, who owns over half the existing BB independent owned stores. In the interview, he's aked, "You seem confident in the business, so tell us about what you see for the future." Payne: "Well, for BB I'm the last one standing, and I think theres' some novelty to that---I think there might even be an opportunity. We have the option to change our name, but I don't want to. It could cause confusion, it would cost money, and I think in the long run, people have good memories of the BB name and there might be some opportunity to capitalize on that, maybe even in new places." So, we've seen "leverage" and "capitalize" in print lately. Why don't they just cancel the shares and get it over with??? Ichan Entertainment stock now trading over $100 and on the big movers list last week. HFGSTL
Sentiment: Strong Buy
The key word I immediately noticed on the first read was "LEVERAGE." Dish has not even arrived at a final structure for its own company, banging away at Lightsquared, etc. It's like fencing, making parries trying to get a "touche." I think they're just keeping BB in reserve, until they can actually figure out their business model. They could certainly LEVERAGE their model with a recognized namebrand digital capacity. That's obviously necessary to compete. They could be like AAPL, just try to capture 10% of NFLX's subscriptions with a sweet deal that you can't refuse. The worse the headlines get, the better it is. I find it odd they didn't annouce all the shares would be cancelled immediately. That would have made sense in the PR, n'est pas??? A goldmine isn't built in one day. Until everything gets cancelled and we know for sure, I'm HFG strong and stubborn. Never selling. Not one share. Good post earlier today nailed it----it's a speculation. We're trading other stocks and following the indexes and the markets. Ergen knows what he's doing. But he would be smart to CAPITALIZE Dish's offering. I read alot, and that word LEVERAGE really jumped out, even though the gist of the release was they were bailing on the physical locations. Makes sense, we're going mobile and digital bigtime. Some posters would have you believe they have a NSA listening device in the Dish boardroom. You pays you money and you buys yo' ticket.
Sentiment: Strong Buy
Also says it's "unknown" when trading will resume. Says Fannie Mae and Freddy Mac also trade there---big issue for all the hedgefunds that have bid up the "worthless" stocks.
WSJournal article today claims transition into NG vehicles gaining momentum, mainly for companies like UPS, Lowe's, Proctor&Gamble, FedEx, etc. WM says 90% of future truck purchases will be NG. CLNE is the major supplier of the infrastructure, that's T.Boone Picken's effort. CLNE is a good longterm story. DEJ must survive the current low pricing environment of NG, for sure. Neighbor WPX behaving well. Full buildout of NG fueling stations is 2017.
Occidental had a news release last Friday where they revealed they're bailing on their Piceance acreage. I've gone through a bunch of their slides but can't seem to pinpoint their acreage. Any help in locating their acreage??? It's also informative to see who is doing the buying of the acreage. I've followed the old PETD, now listed as PDCE, which also used to have a heavy concentration in the Piceance, they've also bailed on their acreage. PDCE is an excellent stock. So these companies seem to be jettisoning western Colorado in a big way. I'm wondering if it's related to the decline rate in specific areas. NG looks like it's going to be pinned for a long time. Keeping an eye closer to home, WPX has been getting some respect, even though it got downgraded recently, I think by Goldman. Seeking Alpha had an article on WPX, saying the downgrade stood out like a skunk at a garden party. DEJ's just basically languishing, while the entire stock market has been hitting new historic highs. Definitely an opportunity cost in holding on this stock. Someone mentioned GSX Gasco, which went out of business. I lost about $15G's on GSX, holding for recovery. DEJ has behaved similarly, just ticking down. No news is bad news, generally.
Is longs turning on each other. It's like being trapped on a dersert island, they start turning to cannibalism when it comes to a certain point. I've read about this. Like the Peruvian soccer team that crashed in the Andes. Or all the other unwritten occasions. Nah, but when it comes to stocks you just have to hold through. The human imagination is immense, whether it's prospective cannibalism or an organized effort to persuade anyone still holding to sell at a fraction of a penny. Why the effort? Just move on. Why waste the time to expand on some bear hypothetical postion when all is lost anyway??? I'm holding on 400K and never selling, end of story. Barron's had a column on ATT buying out DISH this weekend edition. Dish is hot as hades. Ergen the billionaire with flames on his tail. So Ergen would be recapitalzing BB in the best case scenario, or somehow taking it as a tax loss, if it's more advantaged to do so, and making a gain that way. Who cares? The stock is still trading and we're along for the ride. Would be a riot if it gets saved. Only way to look at it is HFG
Sentiment: Strong Buy
I belive March 7, 2011, was a Monday. You had to be quick on your toes to get out near the highs and watching on that Monday. It makes sense, as they were UP huge, like most of us posters were. I believe the pro's thought about it on the weekend, and then sold and shorted to make millions on Monday. I'd appreciate any quality insight into SSN by any of the regular posters from back in the day. What's up, what's the hype??? Double bottom says we're good.
14%. Another million shares buying, obviously. Or, buying to cover. Obviously. I'm so rusty on SSN, I don't know what time the market closes over there anymore. Huge volume and gain over there tonight. TB said multizone, I'm going with it.
Since July 1st, I'm counting about 8M-10M pro volume, if you add up the big volume days. So, overall, shorty made a $4 move on 10M shares so far, for $40M bucks. If a stock goes higher, the shorts' profits decrease the longer they hold. Pro shorts cover early and often. That's basically why I'm interested in SSN right now. Not saying there will be a massive short squeeze, but the shorts profits diminish if it goes back to its 52-wk high of $1.37. Again, on the SSN chart, the pivot point if around .70. Only .12.5 cents away, when you think about it. .70 cents would a massive technical for shorts to cover.
UP 12.5%, another million shares looks like buying. Call 911---I'm getting flashbacks!!! 100K shares would cost $57G's. If a stock runs, it's OK to average UP. SSN"s volume is curiously interesting. Nah, Marquarie's covering. Locking in hundreds of millions on the trade. Even 25M shares short on a four dollar move would be a hundred million. Watch their next quarter's earnings to see how their trading desk is performing. MacQ the big buyer and shorter of SSN since back in the day. $$$$$$$