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ModusLink Global Solutions, Inc. Message Board

spook2b 150 posts  |  Last Activity: Dec 24, 2014 6:04 PM Member since: Jul 4, 1999
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  • announced the closing of its previously announced public offering of 20,930,000 shares of its common stock, including 2,730,000 shares sold pursuant to the underwriters' full exercise of their option to purchase additional shares, at a price to the public of $11.00 per share, before underwriting discounts. J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch acted as joint book-running managers for the offering. Piper Jaffray and JMP Securities acted as co-managers for the offering.

    Gross proceeds from the offering are $230,230,000 before deducting underwriting discounts and estimated offering expenses payable by Avanir. Avanir intends to use the net proceeds from the public offering for general corporate purposes, which include, but are not limited to, funding NUEDEXTA commercial activities, funding our ongoing and future clinical trials, funding the commercial launch of AVP-825, if approved, and for general and administrative expenses. We may also use a portion of the net proceeds to pay off outstanding indebtedness and/or acquire or invest in complementary businesses, products and technologies or to fund the development of any such complementary businesses, products or technologies that we may acquire in a stock-based acquisition.

  • Total reported exchange volume for 9/26 - 1,842,179

    For the NASDAQ FINRA shows

    206,075 in short volume
    100 in short exempt volume
    513,196 in "total" volume

    For the NYSE FINRA shows

    11,552 in short volume
    0 in short exempt volume
    53,507 in "total" volume

    For the ADF market they show 5734|0|16859

    5,734 in short volume
    0 in short exempt volume
    16,859 in "total" volume

    Total short volume reported by FINRA 223,461
    Grand total volume reported by FIRNA 583,562

    FINRA reported short volume was about 38% of their reported volume. FINRA's reported total volume was about 31.7% of the total reported for Friday. It's interesting to note the drop in reported volume for Thursday & Friday last week. The %age of short volume reported by FINRA is still below the 50% range shown earlier last week during the spike in share volume. I've been wondering if this is indicative of the underwriters doing some advanced placement activity (including shorting). I've decided to keep watching for a bit - the next NAZ short interest report is due Oct 9, and we might get a surprise there.

    I was called away Thursday night on family business, so didn't get to see much news Friday or this weekend. AVNR looking pretty good so far today considering the drop in the general market.

  • Total reported exchange volume for 9/29 - 4,191,902

    For the NASDAQ FINRA shows

    377,118 in short volume
    0 in short exempt volume
    1,738,552 in "total" volume

    For the NYSE FINRA shows

    28,707 in short volume
    0 in short exempt volume
    91,056 in "total" volume

    For the ADF market they show

    11,845 in short volume
    0 in short exempt volume
    33,989 in "total" volume

    Total short volume reported by FINRA 417,670
    Grand total volume reported by FINRA 1,863,597

    Total reported FINRA volume was about 44.5% of the 4,19,1902 total reported today. That's closer to the 50% level that we were seeing for the first reports in this series than the low 30% range we have seen for the last several days. The short volume was around 22.4% of the FINRA total - I believe that's a new low. It could indicate less activity on the part of shorts, or that they're somehow circumventing the FINRA system.

    Total volume on the exchanges picked up today after Friday's low of 1,842,200 shares.

  • Total reported exchange volume for 9/30 - 4,657,983

    For the NASDAQ FINRA shows

    558,280 in short volume
    3,500 in short exempt volume
    1,294,551 in "total" volume

    For the NYSE FINRA shows

    43,898 in short volume
    0 in short exempt volume
    173,390 in "total" volume

    For the ADF market they show

    29,539 in short volume
    0 in short exempt volume
    48,372 in "total" volume

    Total short volume reported by FINRA 635,217
    Grand total volume reported by FINRA 1,516,313

    Reported FINRA volume was around 32.6% of the 4,657,983 reportedly traded today. That's a reversion to the trend for the last several reports after a bump up yesterday.

    FINRA reported short volume was close to 42% of their total volume. That seems to indicate that a larger proportion of the shares traded today was related to shorts. This follows a big drop in that rate yesterday.

    The share price seems 2b holding in the $12 range, and I'm hoping that it's laying a base for a new leg up. More on that in the next post.

  • The stock consultant tab at the nasdaq site has a "breakout alert" tonight:

    BREAKOUT -- CONFIRMED breakout above 11.61, no resistance in area just above.
    Type: Continuation breakout from Single resistance. Target: 13.55

    Again, as I've posted before, this particular application appears to rely on technical indicators. I'm passing this information on not as FACT, just something to consider along with many other factors.

    glta AVNR longs.

  • Dow down 250 points & SONS is up 4%.

  • Total reported exchange volume for 10/1 - 3,865,839

    For the NASDAQ FINRA shows

    589,009 in short volume
    3,462 in short exempt volume
    950,320 in "total" volume

    For the NYSE FINRA shows

    76,047 in short volume
    0 in short exempt volume
    157,406 in "total" volume

    For the ADF market they show

    64,636 in short volume
    0 in short exempt volume
    86,909 in "total" volume

    Total short volume reported by FINRA 733,154
    Grand total volume reported by FINRA 1,194,635

    The FINRA volume was about 31% of total reported volume for AVNR today. That %age had been trending up, so today's reading seems to indicate more shares changed hands outside of the FINRA reporting system.

    The real eye-opener was the FINRA short volume which comprised close to 61.4% of the total volume FINRA reported. That's far and away the largest % that short volume has been. You'd have to think that indicates they were much more active today.

  • I had it in at .293, and got a fill @ .292 - there were a lot of trades that went thru at that price just before 12:30. If nothing else, it brought my average cost down.

  • Total reported exchange volume for 10/2 - 4,032,523

    For the NASDAQ FINRA shows

    659,670 in short volume
    58 in short exempt volume
    1,214,564 in "total" volume

    For the NYSE FINRA shows

    47,471 in short volume
    0 in short exempt volume
    174,355 in "total" volume

    For the ADF market they show

    23,696 in short volume
    0 in short exempt volume
    55,172 in "total" volume

    Total short volume reported by FINRA 730,895
    Grand total volume reported by FINRA 1,444,091

    FINRA's total for volume equates to about 35.8% of the total volume reported today. That's in line with recent trends, but below the near 50% mark we saw in the first few reports. It might be informative to go through some of the historical figures to establish a baseline for comparison.

    The %age of FINRA short volume was around 50.6% of the FINRA volume. It appears that shorts have become more active in the last 3 trading days based on the information available at the FINRA site.

    Short interest figures for the last half of September will be published after the market closes next Thursday. Given the run-up in AVNR's share price during this time period, it should be instructive to see how the shorts reacted.

  • Total reported exchange volume for 10/3 - 5,500,231

    For the NASDAQ FINRA shows

    996,279 in short volume
    0 in short exempt volume
    1,642,951 in "total" volume

    For the NYSE FINRA shows

    132,988 in short volume
    0 in short exempt volume
    230,346 in "total" volume

    For the ADF market they show

    21,429 in short volume
    0 in short exempt volume
    61,711 in "total" volume

    Total short volume reported by FINRA 1,150,796
    Grand total volume reported by FINRA 1,935,008

    First, the total volume in AVNR today was up about 1.5M shares from yesterday. The volume reported by FINRA amounted to around 35.2% of that total - again pretty much in line with what we've been seeing lately.

    The ratio of short volume to total volume reported by FINRA was 59.5% - again that seems to indicate that there was more activity by the shorts today just as there has been for the past 3 days after a very low level on Monday.

    Have a great weekend!

  • Total reported exchange volume for 10/6 - 5,186,284

    For the NASDAQ FINRA shows

    708,309 in short volume
    800 in short exempt volume
    1,615,160 in "total" volume

    For the NYSE FINRA shows

    164,884 in short volume
    0 in short exempt volume
    337,104 in "total" volume

    For the ADF market they show

    22,217 in short volume
    0 in short exempt volume
    42,328 in "total" volume

    Total short volume reported by FINRA 896,210
    Grand total volume reported by FINRA 1,994,592

    The volume reported by FINRA amounted to around 38.5% of today's total of 5.186M. That's up a bit from the past few reports.

    The ratio of short volume to total volume reported by FINRA was 45%, which is a drop from the last few reports. In theory, that might show a bit of a decline in short activity today, though it still accounted for almost half of the trades reported by FINRA. Interestingly, the NYSE & ADF market %ages were near or above 50%; it was the NASDAQ figure that pulled the average down.

    Short interest figures for some of the period covered by my FINRA "reports" are due out this Thursday. I'm betting that if a person were to add up all the short volume figures for this period, the result would show that shorts trade in and out just like longs, and total short volume as reported by FINRA will not be a predictor of the number we see Thursday. On the other hand, one might expect to see the short interest figure drop as long-time shorts & shorts-against-the-box might have covered their positions when the share price took off. The offset might be an entirely new set of shorts who jumped in when the price skyrocketed. Should be interesting to see which way it goes...

  • Reply to

    Reg SHO report on today's short volume from FINRA

    by spook2b Oct 6, 2014 7:54 PM
    spook2b spook2b Oct 6, 2014 10:16 PM Flag

    chico, cockroach is an apt description as they have been hard to stomp out. Perhaps the new report will show that some of their ranks have given up the ghost (sorry, but Halloween approaches), but I've been surprised before by their persistence.

    As to the institutions, I had intended to post a preview establishing the Q2 mark for comparison with the final Q3 figures. Going over to the NASDAQ site, I see they're listing 133 institutional holders with a total of
    126,147,918 shares held. If you recall, that represented something like 74-75%, but now that AVNR has sold close to another 21M shares, the site is now showing institutional ownership at 66.38%. Because the underwriting was so close to the end of the quarter, I'm not sure some of the new holdings will be reported, but we shall see. Thanks much for the reminder!

  • Total reported exchange volume for 10/7 - 5,314,671

    For the NASDAQ FINRA shows

    1,089,677 in short volume
    1,500 in short exempt volume
    1,945,477 in "total" volume

    For the NYSE FINRA shows

    105,681 in short volume
    0 in short exempt volume
    256,920 in "total" volume

    For the ADF market they show

    26,200 in short volume
    0 in short exempt volume
    42,186 in "total" volume

    Total short volume reported by FINRA 1,223,058
    Total volume reported by FINRA 2,244,583

    First, the daily volume in AVNR has remained in the 5 - 5.5M range for the last three days, after varying between 1.9M & 15.7M in the previous 10 trading days.

    The FINRA volume was 42.2% of the total reported volume today, which continues the trend back toward 50% after a dip into the 30% range.

    The %age of short volume to the total FINRA volume was 54.5%, so after a brief dip yesterday, we're seeing short activity accounts for more than 50% of the FINRA report.

    I'm going to post this without further comment, as Yahoo has been "acting up" and I've had several iterations of today's report disappear into the void.

  • Reply to

    $11.19 Coulda, Woulda, Shoulda

    by nowagron Oct 8, 2014 2:10 PM
    spook2b spook2b Oct 8, 2014 3:46 PM Flag

    When we got the drop to $11.20 earlier today, I was looking to cover some calls I had written back when we were in the mid-$12 range. Interestingly, the ask price for the calls ROSE when the share price was falling.

  • October 15 @ 7:30a.m.

  • Reply to

    After hours 540,000 shares

    by allthewayhome1 Oct 8, 2014 4:28 PM
    spook2b spook2b Oct 8, 2014 4:41 PM Flag

    NO!

  • (corrected post - 10/8, not 10/7)

    Total reported exchange volume for 10/8 - 3,031,371

    For the NASDAQ FINRA shows

    397,668 in short volume
    1,400 in short exempt volume
    808,300 in "total" volume

    For the NYSE FINRA shows

    29,217 in short volume
    0 in short exempt volume
    125,034 in "total" volume

    For the ADF market they show

    13,764 in short volume
    0 in short exempt volume
    47,968 in "total" volume

    Total short volume reported by FINRA 442,049
    Total volume reported by FINRA 981,302

    Short volume as a %age of total FINRA volume dropped to 45%. It was pretty close to 50% on the NASDAQ, but the figures for the NYSE & ADF markets were much lower. Someone asked about the utility of getting this figure, and chico had a good answer in that it shows a lot of activity on the part of the shorts on a daily basis.

    The FINRA volume compared to the total reported for today came in at about 32.4%. My take on FINRA volume lower than 50% of the daily volume has been that there is more trading going on outside of the FINRA reporting system. One of the posts tonight with a claim of gazillions of shares traded after hours made me think that perhaps FINRA in not picking up the A/H volume, or maybe even the pre-market volume. That MIGHT account for some of the daily variation. At any rate, 32.4% is pretty low compared to what appears 2b the "norm".

    Finally, the short interest figure for the period ended Sep30 is due out after tomorrow's close. I've been looking forward to seeing that number as it will give us some information on how the shorts reacted to the big jump in AVNR's share price on Sep15. Actually, that's another reason I started looking at the reg SHO numbers - to see if there was any clues 2b gained from following them from one short report to the next. Unfortunately, I have to be out of town tomorrow and probably won't get back to see the figure. I'm sure

  • Total reported exchange volume for 10/9 - 2,632,689

    For the NASDAQ FINRA shows

    467,455 in short volume
    0 in short exempt volume
    731,514 in "total" volume

    For the NYSE FINRA shows

    29,083 in short volume
    0 in short exempt volume
    99,057 in "total" volume

    For the ADF market they show

    4,888 in short volume
    0 in short exempt volume
    22,680 in "total" volume

    Total short volume reported by FINRA 501,426 58.8%
    Total volume reported by FINRA 853,251 32.4%

    The total volume in AVNR yesterday continued to drop from the recent 5M-share level at 2,632,689.

    FINRA's reported volume amounted to only 32.4% of that. And the amount of FINRA volume attributed to activities on the short side was nearly 58.8%. One obvious interpretation might be that the shorts were taking advantage of the lower volume to move the price around. I'm wondering whether day traders are using the daily price volatility to move in and out, taking profits on the swings in share price.

    Lastly, the short report showed a nice drop in the last period as reported here last night by nomargin. I think that does reflect the fact that the share price increased greatly during this particular time frame. But I continue to believe that a certain portion of the total short interest is hedged.

  • FRANKLIN STREET ADVISORS INC and KISTLER-TIFFANY COMPANIES, LLC are out with their holdings reports for the 3rd quarter. Both show no change in their AVNR holdings - 130,000 & 1,725 shares respectively. Now we've only got around 130 institutions to go, though I expect the total number of institutions holding AVNR shares to have increased last quarter.

  • Total reported market volume for 10/10 - 3,728,600

    For the NASDAQ FINRA shows

    789,433 in short volume
    700 in short exempt volume
    1,270,293 in "total" volume

    For the NYSE FINRA shows

    78,088 in short volume
    0 in short exempt volume
    148,250 in "total" volume

    For the ADF market they show

    4,888 in short volume
    183 in short exempt volume
    22,680 in "total" volume

    Total short volume reported by FINRA 880,625
    Total volume reported by FINRA 1,437,848

    Today's AVNR volume was about 1.1M shares higher than yesterday. That could be due to traders entering or exiting positions prior to next week's news. The reported FINRA volume amounted to about 38.6% of the total market volume, pretty much staying in the range we've been seeing of late. Meanwhile, FINRA reported that short volume totaled 61.2% of their total. One interpretation of the rise in activity by the shorts might be that they closed positions going into the weekend in advance of possible good news next week. Hopefully, some of the longs here will see from these reports that the short position is not stagnant, nor is it monolithic. According to the FINRA figures, they account for as much as or more than half of the trading volume on any given day. That should dispel the meme that 100% of the shorts established their positions in the $2-3 range and are "stuck" with a hugh (sic) loss.

MLNK
3.72+0.03(+0.81%)Dec 26 4:00 PMEST

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