Remember when some crazy hooligan began buying up 100K share blocks driving the price up into the $3.00 range and then the street took away the reversal to 5.00+ trapping the short position, and then they had to beg the CBO to put options in play on AIS so they didn't get stopped out before $5.50. See, you still think this is about the company and it's about the original short from a small time player that got trapped at 1.25-1.50. back in 2010. Well that crazy hooligan may just start block buying up again! You never know.......
Look at when the reversal started from the $5.00 range. It happened about a month after the CBO allowed options trading, and the shorts began churning out to get the stock back down to the big short PPS.
Do You Believe The SEC When They State, "Stocks Aren't Manipulated."?
To this end; my former VP of Institutional Sales turned the conversation to some of the companies in which we participated in syndication, and since the advent of smart phones and hand held devices we decided to put our hypothesis of manipulation to the test. Our target company, the first company we syndicated in 1996, Jakks Pacific (JAKK).
You'll need to go to linkedin and search for it.
@NY, I am pretty sure everyone knows HERO for me was a real bone of contention, and that trade became so large I had no choice but attempt to go activist. It happens, and though I do try to "pretend" that cycle never occurred, it was a very good learning moment. Quite surprised you didn't bring up the Groupon trade, I churned covered calls for the better part of a year just to sneak out early this year with a very small loss. Good thing, it got slaughtered.
Sentiment: Strong Buy
What about it? I bought millions in the 5 range and sold in the low 3 range. Can't be right every time...... At least I didn't hold to zero....
Looks like most of the long timers washed out or failed to sell when I did a couple of years ago. I have established my new position over the past few trading sessions.
Just so there is no "confusion", I was not frustrated or "shaken-out". My remaining position was very small (250K shares), as I hedged out a majority in July of 2012 and posted when I did so. I added again (750K) at $3.65 - $3.70 in April of 2013 and then used an option strategy to sell all of the shares above $4.50 in December.
I still like the story here and the company, and as previously posted, the stock broke down technically when it failed to breach the $5.00 mark on a third attempt on heavy volume, and the short position doubled in a very very very small period of time. It was time to take a break from this one.
AIS is back on the intra-day regSHO list so my interest is growing........
Besides, the short is busted on HERO, "they" just haven't figured it out on the margin desks yet. Yesterday's trading speaks volumes! 1.2M shorted on volume of 1.8M with 3.2M in manipulative flash trades to walk it back down. Improving fundamentals and technical indicators. The big problem for the shorts is they are the same shorts on DO with no where near the trading volume to cover 19M short shares. "They" are getting it on both sides.
And as of May 6th the Keystone Pipeline is now in jeopardy: "The State Department recently delayed a decision on Keystone, likely until after the November congressional elections.
As of mid-day Tuesday lawmakers had not yet found common ground, and it was unclear if they would. The stalemate could end up killing the energy bill and preventing a vote on Keystone as well.
A Senate Republican aide said it was increasingly looking as if talks to get a vote on Keystone had stalled. "
Don't be a casualty of my war. If you need to short, sell, buy or hedge; do what you gotta do. The swings are getting wilder because shares are drying up. Still plenty of shares available for hypothecation but the options breaks now at .50 cent intervals are telling the real story. The challenge for me is the flash and HFT traders at the moment.... It's a pain in the a#$%$ when they flash trade phantom shares away from the market and print the tape and then drop the equity a nickle on 500 shares.......
Willy Wonka: There's no earthly way of knowing/Which direction they are going... There's no knowing where they're rowing...
Mr. Salt: [weakly echoing] Rowing...
Willy Wonka: Or which way the river's flowing... Is it raining, is it snowing?/Is a hurricane a-blowing?
Willy Wonka: Not a speck of light is showing/So the danger must be growing... Are the fires of Hell a-glowing?/Is the grisly Reaper mowing?/Yes! The danger must be growing/'Cause the rowers keep on rowing/
Willy Wonka: And they're certainly not showing/Any sign that they are slowing!
[lets out a high-pitched, almost unearthly scream]
@txcid: Correct, and very nice to see someone else that actually reads. Perhaps we will "bump" into one another in HOU, in a few weeks.
Change of Control . Under the employment agreements with each named executive officer, if an executives employment is terminated within the two year period following a change of control (other than termination by us for cause or by reason of death or disability), in addition to the benefits listed under the heading Payments Made upon Termination above, the named executive officer will receive:
a lump sum severance payment of the sum of the executives base salary and the highest bonus paid or payable to the executive in respect of any of the two most recently completed fiscal years of the Company multiplied:
for Mr. Rynd, by three;
for Messrs. Butz, Noe and Carr, by two and one-half; and
for Mr. Carson, by two;
a lump sum amount equal to the amount of any earned but unpaid bonus awarded to the executive;
to the extent not theretofore provided, any other amounts or benefits required to be paid or provided or to which the executive and/or the executives dependents are eligible to receive pursuant to the executives employment agreement and under any plan, program, policy or practice or contract or agreement of the Company as in effect and applicable generally to other executives and their dependents
As we fly back from Mexico City after attending Pemex's ExpoForo 2014, we found it interesting, not one of the analyst that cover Hercules Offshore was at the event.
So, if you are blissfully unaware of how often Hercules's and Diamond Offshore's, enviable position in the GoM and other markets was discussed amongst top oil company executives at this event, as well as the number of times consolidation was discussed, then all of you have failed to perform exceptional due diligence.
Hercules popped up on my radar screen after multiple intra-day regSHO violations, followed by suspicious options activity to reset the regSHO buy-in regulation. What accelerated my buy in was this in the 14A Proxy Statement and subsequent statements by Pemex:
Hercules: "To that end, our Board has unanimously approved and recommended to our stockholders an amendment to our charter to remove the limitations on foreign ownership required to maintain eligibility to own and operate vessels in the coastwise trade. We believe that the elimination from our charter of these restrictions on foreign ownership will increase our financial flexibility by enabling the Company to seek capital from foreign as well as U.S. investors. Additionally, to the extent that the current restrictions on foreign ownership have suppressed the ability of our stockholders to find buyers for their shares, the elimination of these restrictions may improve the marketability of those shares.
Pemex: "We are already having important discussions with players, not only in deep water, but in mature fields and other areas in Mexico," Lozoya said. "We hope to be announcing some deals towards the end of 2014, early 2015."
"Pemex also does not seek to keep all of its large, geographically complicated onshore Chicontepec basin developments, Lozoya said.
A war in the GoM and drilling industry is coming, and it is no longer viable for a 17-20 million open short position to be maintained.
You should try Viscaya Rum since you don't mix. I really like Kracken, but I Coke it. Viscaya straight with a stainless steel cube of ice is the way to go.
AIS or ATRS for the newbies is still one of my favorites. A lot of other opportunities came up and AIS just wasn't getting legs, once the short ratio went 3 to 1 daily in mid-Feb and the technical accumulation broke down., it was time to exit. I will wait to see how the Medac lawsuit plays out in pre-discovery.
Sold remaining limit out 4.65. The two positions I have - majority of capital is allocated to VLO at 36 and change, and roughly 6 million shares of HERO below 4.50 in the past 45 days.
No intention of re-entering AIS anytime soon.
Let me tell you how this is going to go, since you insist on trying to be a big man. Kylie Biersack and Tyler Groulx have already been contacted by my attorney at Patton Boggs. They have already given up your real name, your FaceBook Page, nice picture with the rose and those dumb #$%$ jeans. A complaint was filed with my contacts at FaceBook through legal counsel as your page is a clear solicitation for #$%$. Given your age and the ages of all your connections a complaint was subsequently filed this afternoon with the lead investigator for child sex crimes and solicitations over the internet.
Lead Counsel also took the liberty of contacting FINRA district 7 and the SEC to investigate all of your posts on the internet relating to investments and any impact you may have effected in profits or losses to individual investors. By tomorrow morning every sight you are registered with will know you are underage and every registration you have lied on regarding your age will be a violation of over 38 federal statutes and I will not stop there. Are you sure you want to keep going.
The solicitation for prostitution online should be more than enough to end whatever life you thought you were going to have. Post something else irrelevant and I will start on the rest of your family.
Ok, gotta chuckle out of that one.... But you know it's true, otherwise you wouldn't have taken the jab! Touche!
Just let me know.......
You most likely better know it as ObamaCare. #$%$ little high school punks!