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PHH Corporation Message Board

legalbark 16 posts  |  Last Activity: May 25, 2016 7:04 PM Member since: Jan 4, 2004
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  • legalbark by legalbark May 25, 2016 7:04 PM Flag

    Jim Cramer's "The Street" is the most useless publication out there. They must have a computer program that tracks the ups and downs of stocks. I don't care which stock it is, every day you see a story from "The Street" telling you that because oil prices went up or down on any given day, the given oil stock rose or fell becasue of rising or falling oil prices. This is every day on every oil stock. They must get money based on "hits" on their stories. I don't read them but it's the worse spam imaginable. GLTA

    Sentiment: Buy

  • Reply to

    short fueling this rise I bet:)

    by skarielarry May 25, 2016 1:07 PM
    legalbark legalbark May 25, 2016 5:17 PM Flag

    How do you know what the short interest is? All the data you see is horribly dated and there are multiple ways using derivatives, etc., to short a stock. You can also be short the stock and buy calls. Using the published numbers you refer to is useless. GLTA

    Sentiment: Buy

  • Reply to

    proud owner at 102.22

    by ivodirect Apr 25, 2016 1:48 PM
    legalbark legalbark Apr 28, 2016 10:02 PM Flag

    I'm only in for 400 shares at an average of $99. Will start selling covered calls against the position as we move up. GLTA

    Sentiment: Buy

  • legalbark legalbark Apr 28, 2016 9:25 PM Flag

    Wait for the annual meeting. They will approve a massive buy back of shares. They have the cash and fire power. From one of the pumpkin heads. GLTA

    Sentiment: Strong Buy

  • legalbark by legalbark Apr 24, 2016 11:16 AM Flag

    May 3rd is the Annual Meeting. On the agenda is a resolution to permit the company to make a big buy back of common shares in the open market. I believe the anticipation of this event, as well as the adoption of this resolution on May 3rd, will give some considerable uplift to pps. GLTA

    Sentiment: Buy

  • Reply to

    Liquidate the company

    by legalbark Apr 20, 2016 5:57 PM
    legalbark legalbark Apr 20, 2016 7:17 PM Flag

    I hope you're right. I just topped up to 5000 shares. GLTA

  • legalbark by legalbark Apr 20, 2016 5:57 PM Flag

    Why doesn't CMRX just liqudate or sell out to another drug company? They have over $7 a share in cash and their products, patents, work in process, etc. has to be worth a couple of bucks, at the least. Why should the shareholders allow current management to just keep eating into the nest egg of cash with no visible plan to make this worthwhile for shareholders? I think the Board has a duty to look seriously at the liquidation or sale senario. GLTA

  • legalbark by legalbark Apr 18, 2016 2:59 PM Flag

    Market Edge is a technical service provided free on my Schwab account. On a technical basis solely, they upgraded CRMX to a Buy. Their commentary of all the technical data states that if CRMX closes above $6.24, that will confirm the uptrend their other technical indicators suggest. While you can't always rely solely on technical analysis, I went ahead and bought a bunch of May 20th calls with a $5 strike price at $1.40. Let's see what happens. GLTA

    Sentiment: Buy

  • legalbark by legalbark Apr 3, 2016 9:38 AM Flag

    I own some shares of CMRX but haven't followed the company since the big drop in price and the news about Steve Cohen being a big owner. I looked at the table of major holders and didn't see Steve Cohen or his Point 72 fund listed. Is he still involved or was the past publicity just smoke and mirrors? Thanks.

  • Reply to

    WLL up again!! Who cares about Saudis

    by wizardtree Apr 1, 2016 2:47 PM
    legalbark legalbark Apr 1, 2016 9:42 PM Flag

    The banks already did their cut. To a credit line of $2.75 billion. Plenty of liquidity to do whatever they please and they don't have to worry about the banks and a cut in their credit line for at least 6 months. I have no idea what you're talking about. GLTA

    Sentiment: Buy

  • Reply to

    huge after hours buys

    by edinvestit Mar 31, 2016 5:16 PM
    legalbark legalbark Mar 31, 2016 8:21 PM Flag

    You're really looking at trades that took place during the regular trading hours but only show up as prints after hours. No one is buying that quantity of stock in the after hour market.Still, WLL looks good and its technical pattern suggests even higher prices. GLTA

    Sentiment: Buy

  • Reply to

    New convertible bonds

    by bobbycrawford14 Mar 25, 2016 4:32 PM
    legalbark legalbark Mar 25, 2016 7:30 PM Flag

    I really haven't studied the terms in depth but on the surface it seems like a good way to convert some investors from bond holders to equity investors. The fact that they accepted the exchange terms is a positive one. If a note holder thought the company were headed for BK, why would you exchange your existing bonds for convertibles that can be forced to convert to equity under certain circumstances. Still think it is a positive in the long term story. GLTA

    Sentiment: Buy

  • legalbark legalbark Mar 19, 2016 10:16 AM Flag

    And it had all the earmarks of a monthly option expiration Firday. You could see the MM's manipulating the stock price and closing numerous option positions at large profits. Let's see what happens on Monday. GLTA

    Sentiment: Buy

  • Reply to

    TLP

    by legalbark Mar 10, 2016 9:18 AM
    legalbark legalbark Mar 11, 2016 7:45 AM Flag

    Thanks. You're right. I dropped a few zeros. Troubled this morning, though, to see a report that Goldman has changed its rating on NGL to "Sell". Anyone know what that's all about? Thanks.

  • legalbark by legalbark Mar 10, 2016 9:18 AM Flag

    NGL still owns 300,000 units of TLP that just reported great earings for 2015 and the Fourth Quarter of 2015. Nice investment to have. GLTA

    Sentiment: Buy

  • Reply to

    ***** bottom****..next $6-7

    by ivodirect Feb 26, 2016 11:33 AM
    legalbark legalbark Mar 2, 2016 5:31 PM Flag

    Are you talking to yourself? It's fine if someone has the guts to put money on the line for an oil stock that seems to be going down, down, down. But don't over rate yourself. We could see WLL in the 4's again. I don't think so but it sure is possible. Meantime, just be happy for the gains over the last several days. GLTA

    Sentiment: Buy

PHH
14.12+0.23(+1.66%)May 27 4:01 PMEDT