"it is possible there could be a shift from NAND back into DRAM at Sams, Hynix, and even MU. That would kill the DRAM strength for 2014"
Was this a typo? Why would shifting back into DRAM "kill the DRAM strength"? Did you mean kill the NAND? If not, please explain.
One more thought: I don't think you have to mail your letter to anyone other than the Court address itself. I didn't when I filed the 'Objection to Sale' letter and it was filed and addressed by the Court and Defense Counsel just the same. Don't worry, once it get's filed by the court, the news travels quickly and everyone that should know will know without you certifying a letter to everyone on the list. You can send a courtesy copy to Savient defense counsel if you like, but not necessary. At least this was my experience. kg
Thank you to both of you - myswhw and fredthefrog55!
I'm glad to see the date slid to Mar 17th. I had it down as Mar 6th so climbed on-line today to look for any news releases. That explains that.
Few weeks ago I had typed up a page or so of suggestions to reach's original letter that he posted here. For some reason I'll never know Yahoo appeared to post it but then lost it and been deleted since. I hate Yahoo Msg Bd! Does this all the time!
Anyway, I thought Reach's original letter was very good. What I recommended I now cannot remember exactly so will have to see the letter again. So, yes, please post it here again or email to me at email@example.com.
Also, if helpful to you, I will send to those of you writing letters a pdf copy of my List of Savient Stock Holder Complaints with ref links of the Sec and News Release articles in chronological order.
Sorry I've been away from Savient for a while and didn't see this Request of yours until just now. Thank you fred for getting this to reach.
This is the same address I filed my old 'Objection to the Sale' letter to and it is correct. I assume you've already mailed this now. Since the court hearing was just this Mar 6th I hope you made it in time. Have you received your copy file stamped from the court back yet? Your objection should also be noted and displayed somewhere on the Savient gcg Claim Admin web site as well. And thank you again for doing this reach. Let's hope something comes of it. I'll sure support it anyway I can.
kg2931 (still holding SVNTQ (SVNT) (BTGC) 20K Shrs @ $4.64 Shr Avg CB ($92,800) held 17 Yrs since 2/11/1997)
The Ukrainian thing will settle itself out gradually now. Not worried in the least going into this weekend.
I bought MU this Wednesday and now holding 4K shrs @ $24.92. Will hold over the weekend and sell next week somewhere in the 25's. There's not been enough negative news to hold this down. That's my two cents. kg
"This $77 Billion Hedge Fund Company Has Been Selling Micron, LSI, and Regions Financialat Motley Fool(Thu, Mar 6)"
I wonder if this hedge fund co has been selling MU short and now stopped because at this low level it's no longer attractive as a short position. That's the way some could read this... Opinions/Comments please. kg
" insider info to the highest degree called who is buying/selling and to what degree, and how they can influence that to their advantage. To me that is called insider trading, "
I agree totally! I think our investment laws need to be re-written for the 21st century and the SEC needs more budget to ramp up.
Ditto. Cramer seemed over excited for his message. And what does "short term sell" mean anyway! Isn't that just another way to say Short the stock!
(yesterday I bought and now hold 4K shrs MU @ $24.92)
I have a SA ID that I use to comment on articles from time to time but I don't know how to leave you a personal message on SA. What am I missing? kg2931
DItto. Thx for correcting the "said sell in shot term". I thought he said sell short something...
His behavior didn't seem sincere. Seemed exaggerated - made up.
Cramer just damaged his reputation again. America's investors don't need anymore pimps.
Just listened to the Cramer video. He said MU could drop 2 - 3 %. He seemed quite passionate about this, maybe a little too passionate, but then with Cramer you never know. He actually recommended shorting the stock!
2 - 3 % is only 50 - 75 cents which is well within MU's weekly trading range anyway. So, I'm not sure Cramer is that worried. I tend to think Cramer is just trying to move the stock. We'll never know why....
Thx for the answer. That's a relief. Thought that was the case but wanted to make sure. Just went through filing a stock holder claim filing on the SVNTQ stock that went bankrupt. What a nightmare that's been! kg
And what's this we "can file claims now"? What are they talking about there? Chip consumer claims or stock holder claims?
Good to know the street has known about this but I still wonder what this does to MU's image and sp momentum going forward. MU's 'darling' status under the spotlight now. And 66M is no minor amount, got to impact the bottom line come next Qtr's earnings...
What does this news release today mean:
"The settlement means consumers can start filing claims to recoup the money they overpaid as a result of chip makers engaging in unlawful anti-competitive practices to inflate prices."
What "consumers" are they talking about? Do they mean chip buyers or MU stock buyers? And what kind of "claims" are they talking about?
wallis, I would like to send you an email to learn about this but don't know where I find this in Yahoo. Please direct me or provide your email address. kg2931
I'd continue in the Topic where you recommended these two stocks but can't find the thread. So, I'd consider trading MPW or NCT but I'm scared off after looking at their Key Statistics pages. Both are low daily Volume stocks and both carry very very high Debt to Cash. However their recent and 3 month charts look stable going up and in a very affordable low sp range which I like. They're also Div payers which is odd for such small stocks. Can you tell me what makes these particularly good trading stocks? kg