Your post only proves that sometimes someone can't see the truth without wishing clouding their mind.. If indeed someone did buy at $1.76 then they were as confused as you. At close they lost ten cents on every single of those 143,000 shares you claim. Look at financials instead of the dreamy insider who has been claiming huge coming contracts for years. He is pumping and you are buying it and you will soon learn a good lesson.
If you have information on an investigation then let it out. If you only want to stir the water then go away.
Amateurs bought this one based on what an insider said instead of looking at financial facts. Daytraders saw the bounces and decided to make a fast buck but now lots and lots are caught with their pants down and are going to learn a lesson in investing--go by facts and not by hype.
You have insider information before it is announced? Either you have broken the law or you lie.
Obviously many people are not looking at the last quarter's financials, all down. Book value is two cents. Look it up and wonder how so many people got suckered into this stock.
Sentiment: Strong Sell
It is now something like fourteen years since a split. In previous years all the splits were made when WMT hit and sustained 80 for a few days. I think a split may be in the works within a short time.
There has been heavy insider buying for the last two months and some insider purchases for more than the last offer of $4.85 so my guess is that an insider wouldn't be buying more shares if he/she didn't think the buyout price wouldn't be more than their purchase price. I'm guessing the $5.25-$5.50 range minimum which would give the insiders that know at least a 10% profit on their purchases.
Shaggy, I always go with the board of directors' buys and sells in since July 1 only two directors have sold and nine have bought. What I don't understand is how the last insider transactions were by Eric Fast where he sold a total of 16,000 shares at $23.68/share. How did he dispose of those shares at that rich sell price? Is there an insider option for the bank to buy back shares at that price? I want to know because I have a few shares to sell at that price.
pismire is a piece of doodoo to post such a message. There is no split and frankly nothing good for investors in this "merger". It is not a merger but more an insider deal that benefits insiders but has nothing to benefit shareholders and that includes a split.
Shorts can't hurt anyone over the longterm. If you want to take a chance and become a short holder because you think that making a half dollar drop and bump then you should do it but shorts don't always win. On Regions the entire markets tanked but Regions went up. If anyone wants to play forty cent bumps up or down then no big deal to a value investor who plans for more than a week. Ultimately the shorts will get slayed when prices go up and they will move on to another stock with reliable ups and downs. Unless you want to try daytrading then buy at least medium term and Regions is definitely in that category. Long term even better. Does anybody really believe that in a year Regions will sell for the bargain price it now sells for? If they do then they haven't been that successful in buying and selling stocks except as amateurs. Stay and be rich. Flush from the cornfield like a blackbird at the first noise and you will end up gone and hungry just like them.
The markets as a whole are not in dangerous territory for the short term in my opinion but NE is. I tried to read this last quarterly report on the merger and could not find one positive for shareholders. I saw "attracting more talent" and different British laws and such but one word about how the merger would benefit me. It looks like an insider deal whereby later on after the merger the insiders will grant themselves great options for the good work they did with the merger. This is just a re-run of the same show I've seen with other stocks. It seldom benefits shareholders.
I still would like to know what under-the-table activities that Huck mentions. I would like to know because if there were such a substantiated allegation I would consider selling all. It is so easy for anyone to make accusations without any concrete backup facts. I never expected Regions or any financial to have a huge up-tic in price anyday. Financials don't have a new cell phone to be pumped or a new oil well to come in, financials are a slow boil. Invest somewhere else if you want a huge day trade but if you want stability, a slow but upward trend, then at today's regional financials prices, a good place to be a year from now. If you know something illegal or immoral about a financial then speak your piece, otherwise hold your tongue.