Well, that really would be an instance of the "tail wagging the dog"........
Actually, the 10 days (for averaging purposes on the DRIP) does not begin ticking based upon ex-dividend date.
It begins 10 days prior to the dividend payment date - there is some overlap, but it is not the identical 10 days.....
and it is not that the market as a whole is tanking (or I guess it could be a massive move by a market maker to take out every stop in existence….).
IT IS that I don't feel bad about my decision to forgo the PWE dividend reinvestment program (DRIP) for another quarter……shares now should be cheaper now that the 5% discount offered by the company program before the recent collapse…….
I don't have the stomach to begin any buying yet…..
Well, you knew you were going to look like a fool NO MATTER how it played out because your purported action (after hours buys on Thursday) was directly in-opposite with your theory.
As it turned out your theory was FAR better than you purported buys (you are down 25 cents on you supposed after hour buys).
I am not concerned about your "buys" - no screen print ever produced - won't pretend to be shocked.
Do you really believe that this is the Market Maker "taking out stops" again AND SELLING 90% OF EACH DAY'S VOLUME IN THE FIRST TWO (2) HOURS OF THE TRADING DAY......
Please explain - do YOU even believe what you post?
This is an institutional holder exiting (or worse liquidating) its position - these are very real sales.
The stock will rebound as the selling volume decreases - do not panic.
If you are long (and NOT using margin like Harry) then do NOT sell into this frenzy.
The PPS will rebound from here - I am not suggesting how long BUT definitely within one week (perhaps as early as the next 2 days).
YES DA, I am calling YOU a LIAR!
My words are quite clear.
I am saying you did NOT buy the shares you spouted about after hours (send me the screen print if you did) and to do so would be 100% contradictory from your STUPID conspiracy theory.
I am also saying you are an IDIOT.
Now you say "who-ever had to sell aftermarket" when you already announced it was the "big boys" who were doing the selling (remember) and IF you even believed your OWN BS theory you NEVER would have bought - remember, the "big boys" are bringing DOWN the share price....remember it was "criminal" (your own words STUPID).
If you are stupid enough to REALLY believe that the horrible "big boys" are selling to create a downward trend then you DO NOT BUY.
You got caught in your own stupid lie because it completely contradicts you BS supposed trading theory.....you look like a FOOL.
22,000 shares trade after hours on Friday and this "tactic" was supposedly "designed" by the "awful" BIG BOYS to manipulate share price Monday morning on a stock which trades over 1,2500,000 shares per day.......think about that dummy......this is as STUPID as your market maker theory bringing down the ENTIRE SECTOR to take out "stops"...........you are the board buffoon......a JOKE.
It is YOUR OWN theory HAWWY - live with it.
You can delete your posts to attempt to hide your stupidity BUT you can't change everyone's memory.
You said it - you are a FOOL.
I am calling BS on it.
Nobody (and I mean NO ONE) that has ANY experience in trading/investing would believe that these after hours sales before a holiday would be designed by the awful "big boys" to impact share value on Monday.
YOU are a FRAUD and ANYONE who BUYS into your BS is an idiot. You took 10 HOURS to reply because you just went back and CLAIMED every AFTER HOUR buy.
IF you are telling the truth send me a screen print of your history from your brokerage account.
I am saying you are a liar.
In case they are ANY believers think about this - presume Hawwy is telling the truth,:
Here is HAWWY'S idiotic theory: the shares sold Thursday after market close are part of "after hour" manipulations by the horrible "BIG BOYS" to prepare the market for a reduction in share value down on Monday…..
THEN WHY WOULD DEAR HAWWY HAVE BOUGHT THURSDAY AFTER HOURS????
HE WOULD CERTAINLY HAVE WAITED UNTIL MONDAY IF HE BELIEVED THE GIBBERISH HE SPITS OUT….
Anyway, only ONE of us can be right come Monday morning .
Let's see where this trades….I am contending that these number of shares sold Thursday after hours have ZERO impact on the share price Monday morning and ONLY and only an idiot amateur would EVER believe otherwise.
You can put this theory right next to your other DELETED one regarding the BIG BAD "Market Maker" taking out stops to bring down the entire sector - FOOL.
It is NOT ODD Hawwy.
This likely WAS a Seller who had a margin call (and he/she failed to realize that the market closed at 1pm) and had to sell after the market closed.
It was NOT YOU buying in 4 decimal places Harry - YOU CAN'T EVEN BID IN 4 DECIMAL PLACES....
I believe that it MAY have been you SELLING on your margin call -
I know you quickly deleted your post regarding your margin troubles from this board.
This tiny volume of sales after market closes does not impact any REAL investor/trader.
Only YOU are so stupid as to think it does.
IF I am right, then PWE will open on Monday as if these minimal shares were NEVER sold after hours.
If I am wrong (and YOU are right) then it will trade at $9.60 at the open.
Only one of us can be right.
Only one of us has NO #$%$ idea what they are talking about.
All picking aside, I am sorry about your call BUT STOP using margin Hawwy - I have told you privately that you are using margin to your detriment because it is obvious that you have NO idea what you are doing and that you post BS "heroic" trades that No ONE believes.
Hawwy - you are a FOOL.
Nice try Hawwy -
NO ONE (and I mean NOT ONE PERSON) believes that BS.
You delete (compulsively) because you are WRONG and YOU appear STUPID all of the time and your words are memorialized on this Board UNLESS you delete.
EVERYONE HERE KNOWS THAT......
Stop rationalizing and whining looking for sympathy.....have you no humility?
This stock (PWE) has been a winner since mid-Jan 2014 and yet you are one of the few who has lost their #$%$ by "trading" it like an idiot.
Remember your great BUY a week ago - you loaded the boat at $7.79 right in the midst of a selling frenzy (it was in your infamous "market maker" post)....because I sure do - you can delete a post but NOT all the members' memories....
Hawwy - I hate to disappoint but I am not Auramenko.
I could care less if you believe.
In fact, I believe that BOTH Mr Pev and Ador have (at times) added true value to the Board.
Sure, some of their posts are trivial in the context of PWE's share value (focusing on the minutia), BUT at least they BOTH are frequently accurate.
Bottom line is that there can be extended periods of time with NO NEWS in this industry.
You (on the other hand) are simply a preposterous joke, and YOU have NEVER posted even a SINGLE post of ANY merit whatsoever.
This criticism is NOT a surprise to anyone - not even to YOU.
Deep under your soiled sheets of you bed at night, when you lay there alone - you already knew this - HENCE YOUR SHAMELESS DELETING OF EVERY POST IN YOUR YAHOO HISTORY ON THIS BOARD.
Remember, just a week back where you insisted the "awful" Market Maker was taking out "stops" in PWE and manipulating the share price lower ...
Oh yeah, you forgot to mention that he decided to do the take out stops for the ENTIRE SECTOR and to keep share price down for a week or more...
I shamed your idiotic post and you immediately deleted it the same day...
I DON'T even feel sorry for you......
IF ANYONE HERE FEELS DIFFERENTLY (and contends that Hawwy has substantively contributed in his posts regarding the "big boys" manipulating the stock) THEN SPEAK UP FOR HAWWY NOW.
Quite pathetic. He is still obsessively monitoring the posting here as you can see by the "thumbs down" he gave to both of our posts.......glad he is gone......humiliating himself on the Board....I'd rather have the "spam/junk" posts by robots.
I mean Harry?
Did those mean "big boys" manipulate them all away……your posts are ALL gone
I guess they manipulate PWE price it up and then we ALL HAVE to BUY then they manipulate the price down and we ALL HAVE to SELL….it is all so howible Hawwy!!!!
Stop using margin you IDIOT - you are day trading an investment stock and destroying your chance of profit….the stock is just fine BUT you have LOST you #$%$ here, and everyone knows it.
Each time the share price dropped you posted…."Whew, lucky I just sold"…..and each time it goes up you say "Ah, I just bought here at the bottom"…….
IF ANYONE BELIEVES HAWWY'S (HARRY'S) CROCK (his posts have all conveniently disappeared) THEN STATE SO NOW.
WOW - that was a LOT of VOLUME. That settles it - there is a least one institutional Seller on the way out and the timing (going ex-dividend - so begin selling few days before) make a lot of sense.
Since the sector felt pain I think it is safe to assume the investor is reducing/liquidating sector wide.
It could be booking some profits on 2014 gains. I added today BUT I would be lying if I said I was unconcerned - the selling AFTER going ex-dividend is very common...
How about that brainless twit who announced it was the market maker taking out stops.....he truly believed it and overpaid for shares.....yeah right a market maker selling 1/2 million shares in a couple of hours and dropping the share price 5o cents......not an idiot......
and any idiot who thinks this is "filling the gap"; market makers; taking out stops; conspiracy to BUY our shares; manipulation.....or any other gibberish JUST GOT to their FIRST rodeo.
I am LONG and holding BUT am NOT happy...this is some REAL selling on high volume and sector wide.............it is a mass exit by some institutions/hedge funds.....
over 5,000,000 shares in the first half hour.....seems that eventually the Seller (I believe an institutional is liquidating or reducing) will move on and the price will rocket up.......
I have re-read the semantics which you reference in you post and UNFORTUNATELY do not read it as vague or ambiguous BUT I interpret the year end debt results as INCLUSIVE of the pay down. At these sales transactions, a release price it s negotiated with the Lender (often 100% of Seller's net proceeds) before closing and the money is wired to the secured lender (i.e. the Bank.) These transactions closed in December and not only would have been contemplated - they would have been applied and included. I DO wish your hunch was correct - I just simply believe you are mistaken. I speculate (and I do NOT intend insult here) that the confusion is ONLY because English is a 2nd language for you (or perhaps a 3rd, or 4th). I am not suggesting that your English is not better than my own. Below is ALL of the company language, and in context - I find it extremely clear:
"Demonstrating progress on the Company's strategy to strengthen its financial position, proceeds from the previously announced phase one dispositions in the amount of $486 million that closed in late December, 2013 were used to pay down outstanding indebtedness on the Company's credit facilities. Penn West's year-end 2013 total debt is expected to be approximately $2.9 billion representing an estimated total debt-to-funds flow multiple of 2.7 times and a senior debt-to-EBITDA multiple of 2.2 times."
it must be the 5th time this identical article has been published by the Street.....jeesh...