nothing will be paid on the merger date. Any payment will likely be 2-3 years away. Not sure how the market will account for any shares golden might sell because those shares are not entitled to anything from Jamul.
And if they aren't going to sell for years, why aren't the locked up ?
Ive never been a buyer at prices this high. My last buys were at $8.91 after selling at $14.99 previously.
Ive sold shares at $22.49, 20.00 this year. Nothing in 2014. 19.40, $18.52 and $17.49 in 2013.
Looking at the chart, it seems bearish that $19.10-19.30 didn't provide support.
Im not selling here but Im not buying more.
Insiders haven't sold any recently either.
I had hoped we would breakout above $25 but clearly it didn't happen. Yet anyway.
If I sell, I have to pay taxes on my gains from much,much lower prices so I would prefer to defer that as long as possible.
But, heck, I guess I will put a buy order in for around $13. I will buy more there if it falls there. I don't expect that but If I was smart I would have sold everything at $23+.
RCKY is still my 2nd largest position.And it yields more than any money market or savings account you can find. (Without hoops)
I have a 3% checking account but only on $15k and I have to jump thru hoops to get it. 10 debit card transactions every month.
13 years of massive losses.
Im guessing another $2-2.25 anyway.
FUR is repaying us for all those years of underperformance, finally.
But Id gladly spend a week in jail for the chance to beat on wetsnatches face for just a few minutes.
I believe Ive bought RCKY as low as $2.26. So if todays $18.08 proves Im a loser, I sure hope for more losing going forward.
Im going to look back over my most recent sales and perhaps place a buy order as I think this selloff may be overdone.
But what do I know, Im just lucky.
As I mentioned before, I am here primarily because I trust Becker Drapkin to have done their work here and I believe they paid in excess of current prices for their stake. So I don't mind piggybacking.
I trust them more than former fired employees or people with an obvious score to settle.
Id like to see Becker Drapkin buy more here. If they reverse course and sell, I will too probably. Such is the risk when piggybacking.
unless someone steps up to offer more. In which case HNH will just match their offer.
A little anti-climatic as I thought we would get a little more. But I can live with $11 after all these years.
Will be fun to read about the negotiations in the proxy when it comes out.
Hint, everyone who bought 13 years ago has lost money. Everyone who bought 12 years ago has lost money.
Everyone who bought 10 years ago lost money.
Everyone who bought 8 years ago lost money
Everyone who bought 5 years ago lost money.
Anyone see a pattern ?
If you buy this stock in the open market, there is a 99%+ chance you will lose money.
If 13 years & millions in losses excites you, BUY THIS STOCK.
I cant & wont stop you. In fact, I want you to buy.
That is Calverts track record !
A little over 25,000 shares at $3.20-3.21 avg.
I hadn't noticed all their paid touts spamming. But its just more obvious evidence of what has been a 13 year fraud on the public in my opinion based on their SEC filings.
How does Calvert live with himself ? Honestly, I would think the guilt would get you after so many years.