He bought on a Secondary Offering. No company issue a Secondary near the bottom. They issue when they think it is a short term top.
Back on 8/8/13 Keef said last chance. Guess he got another one today 10/24/13. I sold some taday at $3.50. Still holding more. I will buy them back if PPS drops tp 1.50 again. I hope it does and I hope it don't.
If I get more at 1.50 I will set them to sell again at 3.50.
You have that right. Last price surge was 3/15/13 thru 3/21/13. That was 5 trading days. Price ran from $0.30 to $1.47. That is 5x or 400% gain. Fell back to $0.09 on 3/21/13 and 3/25/13. A more believable low of $0.51 was logged on 3/28/13.
This run started 5/13/13 from a previous close of 0.88 on 5/10/13.
Following the pattern I expect this run to peak Fri 5/17/13 (also options expiry). Hard to accept the peak price would be near $4.40 (5 x 0.88).
I plan to sell some 0.58 cost shares at $1.95 and again at $2.50. If PPS get to $4.00 I'll sell some more.
Buy back targets are $1.50, $0.90, $0.60 and $0.30.
Thanks for listening, Mitch
Bought at 0.0601. Will sell 40% @ 0.24 to get my money back. Another 40% @ 0.50 to cover the $4 puts I sold. Last 20% kept as core position.
krackatoa: we don't see it quite the same way. Good to hear differing opinions.
I think the break to 2.20 is too small to be significant. I see it as confirming my upper trend line.
So far today we have bounced off the 150SMA of 2.10. That is favorable. Today's low is 2.09 so far. Current PPS is 2.13.
The bottom of this cycle could be the 2.09. I would look for the next top to be above 2.24.
If the bottom is near my lower trend line (2.05) then I look for the next top to be between 2.20 and 2.25.
All guesswork. Thanks for the dialog.
krackatoa wrote: "I feel there was also a break out of a rising wedge so Im not sure if the rising channel is valid."
I don't see the wedge. Please give me some points to plot.
SIRI is in a rising channel. I'm looking for 2.30 or more.
Draw an upper line through the highs of 7/5 and 7/19. They are $2.13 and $2.16 respectively.
Draw the lower line through the lows of 7/13 and 7/24. They are $2.01 and $2.03.
Problem is, I don't know when or where it ends. Break high, break low, don't know.
I have a sell at $2.38 based on a decending line starting 5/31/2012.
What do you see? Mitch
Paranoia and ignorance make me ask.
Does the existence or removal of the Sr debt have any effect on the potential Liberty takeover.
Could/ do the covenants and restrictions make it easier, harder or have no effect on Liberty to effect a takeover.
Added @ $3.98 (11:41 7/24/12). Still think she will fall into the mid 3s (3.25 - 3.75). Will add a final block if she does.
Looks like a bottom or at least a level is forming at $4. Paranoid PPS will rise without me.
ThinkorSwim shows a 1 contract trade at $1.25. I'm guessing a buy as that is the worst for an investor. Hard to imagine a Market Maker would agree to spend that much on such a high probability loss.
""You may not realize it but the tv networks are already moving not only a single movie channel, but several High Definition channels together all around the country. It's all done with strings of fiberglass"
Confused. Link? or at least clarify?"
Sorry no link. Think Fios, fiber to the home.
Fiber trunks lines carry data, movies, voice and whatever over long distances.
"why this is going up?"
Could be that the bad news is behind us.
Can't say I listened to the call so I'll ask questions.
Were any contracts cancelled?
Were more problems found?
Are the issues that caused the recall fixed?
Long and scared, Mitch
Spam or not, thank you for the price spike. I was able to close out (sell) 1/2 of my shares at $6.50. Please make another spike so I can close out my last shares.
Kinda wierd though. I got the fill on 5/2/12 at 4:15 pm but it did not show on my charts.
If there is a better offer I will cry later. For now I am happy for the $0.15 premium and the slightly smaller loss.
Would I be a fool to buy them back at $6.00 to hold for the $5.35 buyout?
I too thought the drop-down was good for at least a 2 day pop.
Otherwise: old news, down mkt day, sinking sector (for now). Other ships I watch are also down, just not as much.