The daily line chart shows a pretty nasty bear flag. Today might have been a short covering rally to disguise a mean 'ole bull trap. I got out for a small loss on the bounce this stuff hurts my chest too much. lol
NXPI will remain flat to downish for the next 7-10 days, until the fed actually makes whatever move it makes, and as the arbs who moved in prior to the closing slowly move out. the low should be in the 86.50 area and the move back up as NXPI value is reassessed from the merger will begin around 12/17/15.....i'll be back on the 17th to remind all of this post.
the put action of the last two days is simply a little insurance during this potentially volatile period during the closing, nobody truly knows what way it will go, but the note holders won't be bag holders either way.
The Notes will bear interest at a rate of 1.00% per year, payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2015. The Notes will mature on December 1, 2019.
The initial conversion rate for the Notes is 9.7236 shares of NXP's common stock per $1,000 principal amount of the Notes (equivalent to an initial conversion price of approximately $102.84 per share), which represents an approximately 35.0% conversion premium over the last reported sale price of $76.18 per share of NXP's common stock on the NASDAQ Global Select Market on November 24, 2014. Prior to September 1, 2019, the Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, NXP will deliver solely cash in satisfaction of its conversion obligation.
Subject to certain exceptions, the Notes may not be redeemed by NXP. The holders of the Notes will have the right to require NXP to repurchase the Notes upon the occurrence of a fundamental change.
Net Proceeds and Their Intended Use
NXP intends to use the net proceeds from the offering of the Notes (i) to fund the cost of entering into the cash convertible note hedge transactions (the cost of which will be partially offset by the proceeds that NXP will receive from entering into warrant transactions) with certain hedge counterparties, as described below, (ii) to repay up to €225 million in respect of intercompany loans to its subsidiaries, (iii) to fund the repurchase of up to $250 million of its common stock, of which $150 million has been purchased from purchasers of the Notes in the offering in privately negotia
everyone knows when you do a merger you get 2 kitchen sink quarters to throw all the garbage down. the one quarter when the merger closes and the first quarter of operating together.....so after that and all is cleaned up this company might rock and just in time when the economy is really taking off 2Q16
I still wish someone would answer my question from previous post
I agree, it sure looks like its on the move up, but that still doesn't answer my question.
the yahoo key stats page says the shares in the float exceed the number of outstanding shares additionally the percentage of the shares held by insiders when added to the percentage of shares held by institutions is greater than 100%.....my question is what does that imply and what are the ramifications? I guessed that maybe that can occur when naked shorting is going, but I always thought that wasn't legal.
so does anyone here have an explanation I'm just trying to learn
two thumbs down and no responses!!
why would thumbs down be warranted, does anyone know the answer to my question, just trying to learn
I don't understand. %held by insiders +%held by institutions greater than 100%. Is it naked shorts? Is this better to go long or short when this occurs? Yahoo message boards aren't the best place to gain knowledge but if anyone knows the reason and the implications please share. Tia
Sentiment: Strong Sell