Deutsche Bank, just go busted for dumping 50M in Short Sale Orders the last 30 Minutes of trading. They are still attempting to cover the 7 million shares short they from 6.50 - 6.00 as well as the 250M in naked short calls and long puts they just got #$%$ on. The problem is, you probably don't want to bear raid a stock where the SEC is already beginning due diligence with the DOJ for anti-trust. Wave that giant manipulation bear raid flag!
(Updated - May 22, 2017 4:15 PM EDT)
Dynegy (NYSE: DYN) Shares Hit
Update: Dynegy plunges as much as 11% Monday afternoon. The reason for the decline wasn't clear. Shares recovered partially but remained lower by about 5%.
Update 2: Downside appears to be related to a reports from SparkSpread that Credit Suisse global head of Power and Utilities Investment Banking, Ahmad Masud, has resigned to join a rival. Credit Suisse was said to be working with Dynergy on a deal.
Vistra (VST) Buyout Could Yield $14-15 for Dynegy (DYN) - Morgan Stanley, plans to revise terms of 2 Billion loan facility - SunTrust, Morgan Stanley, Others Plan to Revise Dynegy $2B Term Loan to assist with more favorable terms for Leveraged Buy Out.....
(Updated - May 22, 2017 6:15 PM EDT)
Shares of Dynegy Inc. DYN, +27.27% shot up 24% toward a three-month high in premarket trade Friday, after The Wall Street Journal reported that the power company was approached by rival Vistra Energy Corp. VST, -1.92% regarding a potential takeover. Analyst Ali Agha at SunTrust Robinson Humphrey said his analysis derives a $14-per-share net asset value for Dynegy, which would be 93% above Thursday's closing price of $7.26, and would give the company a market capitalization of about $1.84 billion. Agha Vistra buying Dynegy "would make strategic sense" because it would allow Vistra to diversify out of the Texas power market
All we need now is a betting war to drive this back up to 52 week high.
Thanks for covering Shorts. A good weekend to all
OMG. At 9:12:58 this morning, someone bought 100,000 shares at $9.22. DYN was approached by VST of potential takeover.
A year ago today, it was an $18 stock.
On it's way to $10 today
holy wowwee batman
No buyout based on stock price that just absolutely tanked. Hope all got out in time.
Antonio L. Rush
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Finally breaking even. Time to get good profits and move on.
Hearing offer is at or around $14 which would makde sense as that's around the difference between close yesterday and 52 week high.
almost as many shares traded pre market as the 20 day average.
9 + B in debt. out of BK. loosing cash. bad management. NO thank you
will tank on monday
close at 10$ today easy
Can anyone confirm that eQuine now controls 9.5% of the common, a serious portion of the mandatory convertible and about 700 Million of the debt now? I haven't seen a filing for the common.
Great two days. Starting to move, need another up day.