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Rite Aid Corporation Message Board

daninfw04 228 posts  |  Last Activity: 2 hours 38 minutes ago Member since: Mar 23, 2004
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  • Reply to

    Why the jump today?

    by gtnrules 3 hours ago
    daninfw04 daninfw04 2 hours 38 minutes ago Flag

    Parasite is correct. They are manipulating EVC and taking out the weak hands. I suspect we have a new large buyer. I have heard rumors to that effect. Still holding all 100,000 shares bought last week at average of $7.378......I think we may see $9 this run. EVC is a spectrum play pure and simple. DaninFW

    Sentiment: Strong Buy

  • Reply to

    New Buy Rec

    by daninfw04 Aug 28, 2015 11:12 AM
    daninfw04 daninfw04 Aug 30, 2015 11:55 AM Flag

    The buyout offer for PBY will happen next 30 days IMVHO or it won't happen. HOV and PBY both report earnings 9-09-15 which alone may set up trading opportunity. GTN was bought for a trade as it has been the last 30+ times. GTN is not participating in spectrum auction. EVC has also been traded dozens of times profitable each and every time just like GTN. If PBY pops another dollar I will probably sell. The logic if PBY hits $13 is upside would then be $2+/- and downside $3-4. I play the odds many times. I expect HOV to pop 9-09-15 or for sure next report when they return to profitability. HOV I now hold 300,000 shares. I bought another 100,000 last week at $1.45-$1.46........my average cost now $1.97+/-.......I will be happy to sell HOV at above $2.50-$3.00. GLTA DaninFW

  • Reply to

    New Buy Rec

    by daninfw04 Aug 28, 2015 11:12 AM
    daninfw04 daninfw04 Aug 30, 2015 11:18 AM Flag

    Tony, I would add I don't expect to be holding most if any of these stocks in 6 months except for EVC. DaninFW

  • daninfw04 by daninfw04 Aug 30, 2015 9:21 AM Flag

    Finally found the Northcoast Financial PT:
    "Notably, Wall Street analysts and investors have been well aware of the auto repairs company’s prospects. According to a recent Bloomberg poll, only one out five analysts providing coverage on the stock has a short call on the stock. Two analysts have a Hold call, while the remaining two recommend a Buy.

    Among the bullish sell side firms is Northcoast Research, which initiated coverage on the stock with a Buy call and a $15 price target. That objective price matches with the other bullish investment firm for Pep Boys, namely Argus Research.

    The consensus one-year target price for Pep Boys currently stands at $15, representing a 27.8% upside to Friday’s close price of $11.74."

    Again, IMVHO we will see a $15+/- buyout offer very soon. But, if no offer is made we will drop $2-3 almost instantly IMVHO. As in the past we will always creep back up but the reward or pain is going to hit very fast very soon. Place your bets. The difference now than in the past is we have three Gabelli BOD's that have been instructed to unload this puppy that also happens to own just under 20% of shares. DaninFW

    Sentiment: Strong Buy

  • Reply to

    New Buy Rec

    by daninfw04 Aug 28, 2015 11:12 AM
    daninfw04 daninfw04 Aug 30, 2015 9:04 AM Flag

    That's why I am still 60%+ in cash. I have always made more money in a down market than up market. Keep in mind stocks I trade aren't the usual lot. PBY has $10+ in real estate. HOV actually has book value just under $4 and selling for $1.70. EVC is selling for $7.57 and will sell spectrum IMVHO in March 2016 for $5-15 a share in cash without even effecting current operating model. GTN has $3.10 in cash and will generate almost $4 in FCF in 2016. Sure they can all fall but I would be buying more. I just had lunch two weeks ago with four of the top bond analysts in the country. I had fun with the Zack's guy and told him I always did the opposite of what they recommended. He didn't laugh. However, the thing I had not really thought of is that in the last 50+/- years every time we have had rate increases, the market has gone up. The FED implements increases because the economy is growing. The fact we have not had increases bears a lot of questions. We should be embracing a rate increase. The market is indeed scary right now. Most people don't realize it and they tried to hide it but we had a flash crash this past Wednesday. At first they said the system failed 1300 times. Now they are admitting to 1800 times. An investment manager told me that as an example ETF's are scary right now. When the market opened Wednesday one ETF as an example opened down 32% because there were no buyers. Investors that had put in stop/loss orders at 10% down were taken out at 32% down. The underlying securities were never down more than 14% and closed down 8%. The NYSE is not canceling the trades like last flash crash. That's why I never have and never will use stop/loss orders. When the market tanked over two days I sold stocks that were down 2-4% and bought stocks down 10-15%. As of Friday close, I am at all time highs in all my portfolios because I made almost 10% when everything popped back up. I am a trader first and investor second. A nimble trader can make a fortune now. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Aug 28, 2015 11:12 AM Flag

    PBY popping today on news:
    "Investment analysts at Northcoast Research began coverage on shares of Pep Boys-Manny Moe and Jack (NYSE:PBY) in a report issued on Friday, The Fly reports. The firm set a “buy” rating on the stock." DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Aug 27, 2015 3:01 PM Flag

    We have had a big seller last few days as I can tell by how my orders were filled. Someone just dumped a ton of shares at $7.35+/-..........and now someone just put in a buy order for 100,000 at $7.37........interesting. If big buyer is done we may pop soon. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Aug 27, 2015 2:33 PM Flag

    Just finished buying another 40,000 EVC today at $7.35-$7.40 with an average cost for 100,000 shares just under $7.38 per share. If it makes a big pop may be tempted to sell and buy again but auction isn't far off. May be cutting it close trading but I have traded this thing so many times I probably have the equivalent of $11-12 a share if I had just held for the auction already. GLTA DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Aug 27, 2015 10:28 AM Flag

    I sent this to two friends last night and it looks like we may break out if we can get above $11.32......
    "The technicals also show that if we can strongly break out above $11.32 on solid volume and hold, that the next resistance isn't till $13.08+/- about 32 cents each way and it's only single strength single type, the weakest possible..........so really we could run to $13.93 before we hit triple type and triple strength.
    Anything is possible tomorrow. In the last two days the biggest down day in history and now the biggest up day in about 4 years. Tomorrow? I think GTN is getting ready to run. Any spark will ignite it." DaninFW

    Sentiment: Strong Buy

  • Reply to

    Need A Short Squeeze

    by daninfw04 Aug 26, 2015 5:59 PM
    daninfw04 daninfw04 Aug 27, 2015 9:36 AM Flag

    Technically she didn't downgrade the sector. She just slammed it. The next day the Bernstein analyst said the current tv broadcast model was dead.....which crashed the sector. She also made a negative statement on sector this morning about the DISH/SBGI agreement. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Need A Short Squeeze

    by daninfw04 Aug 26, 2015 5:59 PM
    daninfw04 daninfw04 Aug 27, 2015 8:44 AM Flag

    Current price of GTN is a gift and because analysts didn't understand that the expense increases were due to first time ever payment of retrans to CBS. It has always been free. Controllable expenses were down $5 million. GTN is best managed company in sector and getting hit the hardest. It will rebound the most IMVHO. Marci at WF actually said Q2 results at GTN were reflective of higher reverse comp and she attended the call. She is the worst analyst in sector. Watch and learn. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Aug 26, 2015 6:02 PM Flag

    This came out after close yesterday and indicates that the shorts believe a deal is coming IMVHO. Hardly no change:
    "Pep Boys-Manny, Moe & Jack (The) (NYSE:PBY), A increase of 3,804 shares or 0.1% was observed in the short interest of Pep Boys Manny Moe & Jack The interest on August 14,2015 came in at 2,560,063 shares and as per the average daily trading of 258,978 shares, the days to cover are 10. The increased interest is 4.9% of the floated shares. The data of July 31,2015 put the interest at 2,556,259 shares. The short interest information was released by Financial Industry Regulatory Authority, Inc (FINRA) on August 25th." DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Aug 26, 2015 5:59 PM Flag

    Out today:
    "Gray Television, Inc. (NYSE:GTN) ensharesed a rise of 63.8% or 861,423 shares in the short positions. The number escalated from 1,350,098 on July 31,2015 to 2,211,521 on August 14,2015. The final interest is 3.5% of the floated stock. The days to cover figure of 1 can be arrived using the average daily exchange of 1,925,221 shares. The short interest information was released by Financial Industry Regulatory Authority, Inc (FINRA) on August 25th." DaninFW

    Sentiment: Strong Buy

  • Reply to

    Daninfw04: Are you averaging down?

    by shorthighcoverlower Aug 26, 2015 12:57 PM
    daninfw04 daninfw04 Aug 26, 2015 4:13 PM Flag

    It could work either way but investors expect something about the strategic review. It will have been 2 months and 9 days when they report. I think earnings will be secondary. Investors will try and read between the lines as to what is happening behind the scenes. Of course, if they report a stronger than expected quarter we might also get anticipation that the bid will be higher as PBY's is performing better than expected. If you remember the Gore deal, it actually fell apart when they reported earnings....or I should say lack of. it spooked Gore and they walked away. 9-09-15 will be very important one way or the other. If they don't beat any current deal on the table might get pulled. that's the real danger. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Daninfw04: Are you averaging down?

    by shorthighcoverlower Aug 26, 2015 12:57 PM
    daninfw04 daninfw04 Aug 26, 2015 3:29 PM Flag

    Not yet. I am averaging down on some other holdings. If the deal goes through we get easily $3-5 from here but if deal doesn't go through we drop $1-2 now very easily. I would average down then. The scary thing now is with PBY at $10.40+/- and it was almost $12 when strategic review was announced........any bidders have a good argument for making a $1.00+/- lower offer. PBY needs to pop soon or final price may be $13-14. JMVHO. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Back In

    by daninfw04 Aug 25, 2015 4:09 PM
    daninfw04 daninfw04 Aug 26, 2015 9:02 AM Flag

    FCC is at it again. They have put off releasing the final starting bids and now say they will come out at least 60 days before last date to sign up for the auction. Still next 30-45 days+/-......market looks like going to be extremely volatile next week or so at least. May trade or hold. Hard to say now. Will buy below $7.25 now and sell $8+/-........easy 5-10% for quick trade. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Back In

    by daninfw04 Aug 25, 2015 4:09 PM
    daninfw04 daninfw04 Aug 25, 2015 10:38 PM Flag

    I still think for the risk reward that SD at some point will be a good buy. Over a billion in cash and assets to sell. Looking to enter set some point below 40 cents. The trick will be if oil gets back to $60 before they have to file bankruptcy. At less than 40 cents little risk as bankrupt companies often trade for more......always on rumor. Daninfw

  • Reply to

    Thoughts

    by daninfw04 Aug 23, 2015 9:15 AM
    daninfw04 daninfw04 Aug 25, 2015 4:20 PM Flag

    It doesn't matter to me. I really could care less. If PBY's gets bought out next week or next month it will have zero to do with anything other than strategic review. The broadcast sector is going to have an auction and give broadcasters $40 BILLION+/-in free cash in 2016. HOV has undervalued assets in a sector at 8 year highs in new home construction. Sure, price may go down more but I am not willing to miss making a fortune fighting over nickels and dimes, quarters or dollars for that matter. If I buy stocks today that are worth say $2 million in 6-9 months I could care less if I pay $800,000, $900,000 or a million. Hope this doesn't come across wrong. I will also stay at least 50% cash in case market ever drops 25-30%. It's worked for 40+ years so I ain't changing now. GLTA

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Aug 25, 2015 4:09 PM Flag

    Bought 20,000 yesterday and 30,000 today at $7.40......now holding 50,000 at about $7.39+/- average cost. Expect a bump when final starting bids released in next few days. GLTA For EVC it's all about spectrum. Company worth more dead than alive. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Thoughts

    by daninfw04 Aug 23, 2015 9:15 AM
    daninfw04 daninfw04 Aug 25, 2015 3:17 PM Flag

    I would add, I don't think anyone expected the DOW to drop 2,000 points in 3 days. I have been expecting a correction which is why I am almost 70% cash today even after making some buys yesterday and today. I did buy another 100,000 HOV yesterday morning at $1.45-$1.46...........DaninFW

RAD
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