alan, Thanks for the tip. I bought at $6.11 on 10/2 and just sold at $6.38. Not much of a gain but winner nonetheless.
assasin, Questions is how long will it take, as the stock market or housing with rising population, gold destined to power to new all-time highs SOONER or LATER.
Right, they accumulated a boat load AFTER the deal was announced AND tell us after the price have risen to $6.25. They would be more credible and sincere if they came out when the share price was cheaper, or any time during the trading halt or before they began to accumulate shares.
aaat, Oh my! Had a cup of joe this morning at Starbuck and had to shell out $3.70 + tips. Probably have another before the days done. So, give and take $8 a day, $150 is about 3 weeks of joe. Don't think those millionaires care about such incidental chump change. Just to let them know, $150 is important to me. They buy me 3 weeks of joe. Give me ... give me.
I read that when it hit my news feed. Sounded like a carpet bagger who bought a boatload after the buyers made an offer 40% above the going price. They should continue to buy at these cheap prices instead of sharing this good deal to us peons. Why? they are a group of lawyers wanted to fleece the company for fees and settlement.
peterson In IT space, take a look at the UBNT chart. It was below $10 and selling at $37.10 rtq. Interesting story on the volatile price movement involving Chinese pirates copying its circuits.
christ, it is too late or not. the fat pill peddler VVUS is up over 10%, but on ER deal instead! What a pleasant surprise. I had a limit sell order of $10.58 but it was sold at open for $10.79. It is trading now at $11.33, So call me luck for getting better price but unlucky for selling too soon. Like they say, better luck than good.
done, We had gone thru this before. Its share has been dropping steadily from $3.40 on 4/30/2013 to $2.48 rtq. Like Yong before the buyout, there is no investor interest in Chinese small caps that can be taken down by short sellers easily. Also, I am doubtful that giant tablet/smart phone-device manufacturers would design SOC from such a tiny outfit when Intel or TSM can walk in with low ball prices to steal ACTS sockets at anytime.
It is only 3K, and only $150 more than $6.43 rtq cost. What's $150 for you multi millionaires out there?
You are right ... 50% of 66.8% non-excluded shares or ~33.5% of total to vote yes for a done deal. The clause may be amended as Dell had recently did to allow the counting the buyout shares to vote yes.
No no no! The shares moved up relieved that it was not a fraud and the arbitrage trade for the buyout is more real than not. The probability of the deal going through with significant profit got even better after SC accepted the $6.69 bid.
Now, turn it around. If the bid were dropped, the shares would return to the illiquid no-interest no-gain trading range before the LBO offer.
plarger, or if they are covering their shorts, better than losing all stuck at $6 puts. And believe it or not, there are plenty of arbitrage traders willing to take less than 5% for 4 months. I am just ain't one.
l8046, it was clear to most that the $5.38 was a typo. I had a limit sell of 3K shares at $6.38 for weeks. Now another 3K at $6.48. I am willing to leave a few % on the table as happy in making about $1 per share.
cal, I apoloziize. Market is up 2% and I was doing everything at warp speed. yes, 30% of remaining 67% is ~20%. Actual is closer to 17%.
WASHINGTON (AP) - Facing a fresh deadline, House Speaker John Boehner says Republicans would vote to extend the government's ability to borrow money for six weeks - but only if President Barack Obama first agrees to fresh negotiations on spending cuts. Under the Republican plan, the partial government shutdown would continue.
White House spokesman Jay Carney said Obama "would likely sign" a clean bill increasing the debt cap. He said the president also wants Republicans to reopen the government. But he did not rule out Obama agreeing to the debt ceiling proposal if the government remains closed.
Carney says the White House has yet to see a specific proposal from House Republicans. Boehner and other members of his caucus are scheduled to meet with the president at the White House Thursday afternoon.