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Orbitz Worldwide, Inc. Message Board

diamondcutter297 11 posts  |  Last Activity: May 7, 2014 11:05 AM Member since: Mar 31, 2011
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  • diamondcutter297 diamondcutter297 May 7, 2014 11:05 AM Flag

    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........

  • Reply to

    HERO Technicals - Shorts are Cornered

    by vff52 May 7, 2014 1:28 AM
    diamondcutter297 diamondcutter297 May 7, 2014 10:14 AM Flag

    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. "

  • Reply to

    SHORTS take notice

    by cowley_ed May 2, 2014 3:05 PM
    diamondcutter297 diamondcutter297 May 2, 2014 11:23 PM Flag

    B.

    Very good post and spot on understanding of how the manipulation with Phantom Shares, and regSHO works.

    DC

  • diamondcutter297 diamondcutter297 May 2, 2014 11:48 AM Flag

    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?

    [sharp gasp]

    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/

    [practically screaming]

    Willy Wonka: And they're certainly not showing/Any sign that they are slowing!

    [lets out a high-pitched, almost unearthly scream]

  • diamondcutter297 diamondcutter297 Apr 28, 2014 1:30 AM Flag

    @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 executive’s 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 executive’s 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 executive’s dependents are eligible to receive pursuant to the executive’s 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.

    Happy Trading.

  • Reply to

    SEC response

    by firecaptain9 Apr 24, 2014 4:15 PM
    diamondcutter297 diamondcutter297 Apr 27, 2014 6:03 PM Flag

    Quite an interesting post.

  • Reply to

    Nuff Said!!

    by shadowplay1 Apr 14, 2014 11:08 AM
    diamondcutter297 diamondcutter297 Apr 24, 2014 11:22 PM Flag

    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.

  • Reply to

    No, I don't have a position in AIS.

    by diamondcutter297 Apr 24, 2014 3:42 PM
    diamondcutter297 diamondcutter297 Apr 24, 2014 4:32 PM Flag

    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.

  • diamondcutter297 by diamondcutter297 Apr 24, 2014 3:42 PM Flag

    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.

    Happy Trading.

OWW
8.37-0.08(-0.95%)Dec 26 4:07 PMEST

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