***Official*** 2009 Stock Market Thread

[richardycc]

Originally posted by: zimu

Originally posted by: richardycc
bought some GMCR today, been watching this stock even since I found out they own Keurig. I love my B70 machine. this is definitely a case of 'invest in what you use.' with the big drop today, I got some at 35.93, and the stock has been channeling around $35-$39 for awhile.

cur: 34.46. hope they stop the downward trend for your sake


i used the dip in rmbs this morning to expand my holding with them. go rmbs go!!

I am not worry, this stock has huge swing...up and down $2+/day is normal due to its huge short interest, huge insitutions and insiders holdings. wish I waited one more day thou...earning is coming on the 28th, it should be pretty good.

 

[zimu]

http://www.bloomberg.com/apps/...dBcVvP71NPw&refer=home


F*******************CCCCCCCKKKKKKKKKKKKKKKKKKKKKKKKKKK!!!!!!!!!
explains why we're at 10.68 now... and freefalling.

any chance of a rebound? or cut my losses and sell?

 

[imported_Lothar]

Originally posted by: zimu
http://www.bloomberg.com/apps/...dBcVvP71NPw&refer=home


F*******************CCCCCCCKKKKKKKKKKKKKKKKKKKKKKKKKKK!!!!!!!!!
explains why we're at 10.68 now... and freefalling.

any chance of a rebound? or cut my losses and sell?

Cut your losses and sell.
Let this be a lesson to you.

 

[Azurik]

Originally posted by: Cal166

Originally posted by: MrYogi
Looks like RMBS lost a patent infringement suit against Micron. The suit was brought on by RMBS.
It is weird how this affected the stock price by 35% so far.

If they lost against Micron, will they loose against others?

They didn't lose the patent infringement suit. Micron won on the spoilation of evidence ruling, ruled by Judge Robinson in Delaware. The judge didn't state that the patents are not valid.

Regardless, this is completely inconsistent with the prior spoilation ruling held by Judge Whyte of California... not to mention the Circuit Court of Appeals has sided with Rambus. They will certainly appeal this decision. It might throw a monkey wrench to the court case that is happening later this month in California.

 

[SSSnail]

People were banking on Rambus winning the suits and possibilities of acquiring others on the cheap. Unfortunately, if you destroy documents that's pertinent to the case prior to the suit, you will NEVER win. It goes against discovery rules, therefore you lose, and will continue losing.

 

[ponyo]

Originally posted by: ivan2
boarding the ramBUS =D switched my IBM shares.

You are boarding a bus that has crashed and still can crash some more. I would use any dead cat bounce to sell if I was you.

I can't believe so many people here have bought or buying RMBS.

 

[flashbacck]

Originally posted by: Naustica

Originally posted by: ivan2
boarding the ramBUS =D switched my IBM shares.

You are boarding a bus that has crashed and still can crash some more. I would use any dead cat bounce to sell if I was you.

I can't believe so many people here have bought or buying RMBS.

Azurik's RMBS posts were pretty dazzling. Or at least they had lots of words.

 

[Noirish]

buying a stock on pure speculation is always 50-50.

 

[Azurik]

Originally posted by: SSSnail
People were banking on Rambus winning the suits and possibilities of acquiring others on the cheap. Unfortunately, if you destroy documents that's pertinent to the case prior to the suit, you will NEVER win. It goes against discovery rules, therefore you lose, and will continue losing.

Sorry, I disagree.

Virtually all corporate companies have a document retention policy. They keep what is only needed. There's testimony on record that this is quite normal. When you file for litigation is when all people should be notified to retain their documents. They were not suing anyone during their shrewd days.

It has been ruled by multiple court venues that Rambus did not engage in spoilation, and that they document shredding policy falls within normal guidelines. This judge completely goes against all the rulings Rambus has thus far and I will be highly interested to see what Judge Whyte will have to say about this.

It's been a frustrating day. No one can say otherwise. I lost over $50,000 today alone. I'm still in the black on this stock, but this is dissapointly nevertheless as it has potential to delay due to confusion. How can you have multiple court venues disagree with each other as a matter of law? And as I previously said, I bought more today.

I feel sorry for those who got in Rambus recently and didn't have a lower cost average to bear this dropping. At best, this allows Micron leverage in settlements for the upcoming trials. At worst, this allows Micron to skip some back damages regarding legacy RAM chips (DDR and SDRAM). It won't affect future DRAM.

I spend an adsurd amount of time researching this stock, and it has crash and rallied multiple times - it isn't for the faint of heart. For someone new to this, it might be earth shattering if you haven't seen these kind of swings before.

Please do your due diligence.

 

[Blueychan]

Azurik, do you think RMBS will rally on Monday with the appeal or it will level around 10 for a while?

 

[Ricochet]

Usually I like dead cat but I'm not touching this one.

 

[SSSnail]

Originally posted by: Azurik

Originally posted by: SSSnail
People were banking on Rambus winning the suits and possibilities of acquiring others on the cheap. Unfortunately, if you destroy documents that's pertinent to the case prior to the suit, you will NEVER win. It goes against discovery rules, therefore you lose, and will continue losing.

Sorry, I disagree.

Virtually all corporate companies have a document retention policy. They keep what is only needed. There's testimony on record that this is quite normal. When you file for litigation is when all people should be notified to retain their documents. They were not suing anyone during their shrewd days.

It has been ruled by multiple court venues that Rambus did not engage in spoilation, and that they document shredding policy falls within normal guidelines. This judge completely goes against all the rulings Rambus has thus far and I will be highly interested to see what Judge Whyte will have to say about this.

You are right in that respect that most companies have a document retention policy, however, if you destroy documents that opposing counsels deem necessary to the case, and you're unable to produce, it shows bad faith as the case here.

Neither of us have the details on what was destroyed, when, and anything else intimate surrounding the matter discussed, therefore I won't argue whether Rambus engaged in any evidence spoliation. What I said is usually the deciding factor in patent infringement or IP theft cases, if you take someone to court, you best have any and all evidence, electronics or otherwise, to represent your facts.

Usually, it's the other side that's caught with their pants down.

 

[Azurik]

Originally posted by: SSSnail

Originally posted by: Azurik

Originally posted by: SSSnail
People were banking on Rambus winning the suits and possibilities of acquiring others on the cheap. Unfortunately, if you destroy documents that's pertinent to the case prior to the suit, you will NEVER win. It goes against discovery rules, therefore you lose, and will continue losing.

Sorry, I disagree.

Virtually all corporate companies have a document retention policy. They keep what is only needed. There's testimony on record that this is quite normal. When you file for litigation is when all people should be notified to retain their documents. They were not suing anyone during their shrewd days.

It has been ruled by multiple court venues that Rambus did not engage in spoilation, and that they document shredding policy falls within normal guidelines. This judge completely goes against all the rulings Rambus has thus far and I will be highly interested to see what Judge Whyte will have to say about this.

You are right in that respect that most companies have a document retention policy, however, if you destroy documents that opposing counsels deem necessary to the case, and you're unable to produce, it shows bad faith as the case here.

Neither of us have the details on what was destroyed, when, and anything else intimate surrounding the matter discussed, therefore I won't argue whether Rambus engaged in any evidence spoliation. What I said is usually the deciding factor in patent infringement or IP theft cases, if you take someone to court, you best have any and all evidence, electronics or otherwise, to represent your facts.

Usually, it's the other side that's caught with their pants down.

SSSnail, I agree with your last post completely. What you said is right. What I don't think you realize (and probably because you haven't followed the court cases and filings), is that RMBS has been exonerated of all spoilation (ie destruction) of documents. In their conduct case against Hynix in 2006 and again on the CADC appeal of the FTC case, it was decided that yes, Rambus destroyed documents, but no, they did not target specific litigation materials to destroy. Their behavior was found to be consistent, both in terms of what to destroy and the quantity being destroyed, to be completely normal.

The judge is Delaware completely ignores this, and goes out to be overly harsh in her spoilation opinion. She (nor can Micron) name a document that Rambus has, but can't produce - but rather, she is stating that Rambus should have kept their documents dating back before they were in court, they should have done it when they could have "reasonably" expected litigation to start. The term reasonably is highly subjective, and she even states that there is no prior case law in her district supporting this (she is the first).

Rambus has lost before. They lost in Virginia. They lost to the FTC. But the fact is, they have WON on every single appeal of their losses. And NONE of their wins have been overturned.

I'm sorry to be so emphatic, but her opinion runs against what has been already decided long ago by other courts. It is completely opposite of Judge Whyte's ruling of no spoilation in 2006. Guess who is leading the trial in California this month? He is. I am sure he is not too happy about her ruling going against his right now. He stated back then that he wasn't sure why Judge Robinson (the Delaware court judge) was taking so long with her ruling and it concerned him. To put out her ruling on the eve of two massive court cases is suspect. She wrapped up this trial long ago and waited only until now to release her opinion?

If you think I'm being biased because I have a sizable investment in Rambus, I might be biased, but not without reason. People, this ruling MAKES NO SENSE. We are also talking about a judge who has been reversed over 100 times, 36 or so were patent cases. She has been reversed several times this year already. She was appointed in 1988 by Bush Sr. Dismissal of a claim for spoilation is rare and only when egregious. Even if she found spoilation, I think she overstepped her boundaries. Other courts look for lesser sanctions. This can't be considered egregious as no other courts have spoilation at all.

I'm calling it a night. If I lash out too strongly, I'm sorry. Not meant at any members of ATOT. It's not everyday you see the value of your portfolio go down $50,000.

On the bright side, I'm still up on RMBS overall, it did go up close to 300% in the past two months, but it doesn't erase the fact that this ruling wiped out about a month's worth of gains on this stock.

 

[alphatarget1]

Originally posted by: DukeFan21
Does anyone know when my Wachovia shares will be converted into shares of Wells Fargo? I thought it would have happened yesterday after close but I still see the WB# ticker in my Scottrade account.

Mine were converted already...

 

[alphatarget1]

Looking to go in USO and INTC, what do y'all think?

 

[Azurik]

Originally posted by: Blueychan
Azurik, do you think RMBS will rally on Monday with the appeal or it will level around 10 for a while?

Don't trade on my opionions, but these are my thoughts... I guess I shouldn't have been surprised about todays OVERREACTION to this news.

I stated before that:

-Only some of the patents in the Delaware trial are affected
-The Antitrust case vs DRAM manufacturers is NOT affected
-The most respected judge of patent cases in the country (Whyte) had already decided NO SPOLIATION
-The errant Delaware ruling could be appealed to the CAFC

I would now like to add the following points to the list:

-The rules in Delaware are not the same as in California
-The case in Delaware was MU only.
-The case in Delaware did not involve DDR2+
-There are probably others.

In summation, I think that the RMBS should have dropped maybe two points today. I think the drop of 7 points today was an overreaction caused by folks whose resolve had been weakened by the years of delay and the current sad state of the economy. Frankly, I expect Judge Whyte to issue one or more important rulings within the next few days (as he indicated he would). I expect those rulings to favor Rambus.

I believe the fact that Rambus was a 3x bagger since Judge Whyte's recent summary judgement also contributed to today's furious share price melt-down. The market seemed to be fully comfortable with that enormous rally off the rmbs low, but as soon as a new uncertainty was introduced by Judge Robinson, that mercurial rise came under enormous pressure.

The volume also indicates that there are a whole lot of Rambus watchers out there, who would likely be just as active if Whyte finds FOR Rambus in the next few days

 

[ViperVin2]

Originally posted by: alphatarget1
Looking to go in USO and INTC, what do y'all think?

INTC is great if you want to go long. It is not a bad short term option either... pick up some shares now and buy more later in case it drops.

 

[SSSnail]

DISCLAIMER: The following is pure speculation and should be treated as such. Sssnail is not responsible for any financial losses should you decide to invest based on the below entertainment values.

So after a rough day yesterday, I kinda stumbled upon two positions, a pump-and-dump and a way long one.

Let's start out with CCTYQ (Circuit City Stores), yup, there are news that they're going on the auction blocks and someone may buy them out for $1/share. If you can get in ~.30, you should see it reach high ~.50 - .60 this week (I wouldn't be surprised if it'll get there on Monday), at which would be my exit point. If you feel like gambling, dump it at .60 and gamble with the profits. The reasons I think it will jump is due to speculations, such as this. (It had a one day gain of 98%)

Another gem I found is WRES (Warren Resources), this is a long position. They are severely undervalued, as a gas/oil exploration and recovery company, they're running a very positive balance + they're sitting on cash. They've only tapped in about 10% of their potential drilling locations for oil/gas and that have made them lots of cash. But nevermind all that, their assets are worth about 4 times what their market cap is listed right now. This will appreciate at least by 100% by the end of summer or this year. Besides, this is California, we always need energy.

 

[imported_Lothar]

Originally posted by: SSSnail
DISCLAIMER: The following is pure speculation and should be treated as such. Sssnail is not responsible for any financial losses should you decide to invest based on the below entertainment values.

There's no need to give us that kind of warning.
We're not children.

 

[bonkers325]

Originally posted by: Lothar

Originally posted by: SSSnail
DISCLAIMER: The following is pure speculation and should be treated as such. Sssnail is not responsible for any financial losses should you decide to invest based on the below entertainment values.

There's no need to give us that kind of warning.
We're not children.

i might sue him if i lose money. that disclaimer abdicates him of any fiscal or legal responsibilities!

 

[IHateMyJob2004]

RMBS:
You can not predict the future therefore you can not determine value therefore discussing the merits of investing in such a company is a waste of time.

As a value investor, I do get a giggle out of the amateur investors (actually speculators, not investors). This whole time you can be buying BRK-B for right around $3,000/share.

 

[datalink7]

Anyone invest in fannie mae? Made a killing if you did

http://finance.google.com/finance?client=ig&q=FNM

Or google could just be messed up

 

[SSSnail]

I freaking love the people that always come into investment threads and thinking that they're some sort of god's gifts investment pro, I got news for you, you're not.

This is ALL speculations mate, because if it was a science, we'd all be filthy rich (why aren't you?). We make calculated risks based on fundamentals of the segment, geographical as well as geopolitical atmosphere, or knee-jerk reactions. Some of us get luckier than the others, some not, but we're pretty much all guessing, including you. I'm willing to bet you that most of the people in this thread have a portfolio that they watch and try to get in the positive. Get off your high horse and either contribute something useful, or gtfo and quit crapping. You know who you are.

Care to explain the strategy of buying into BRK.B? What's your expected return base on your investments of say... 10K? Why is it good for long term and why is it good for short terms? Why not go with any index funds instead? Etc... Please, enlighten us.

 

[ponyo]

picked up some MS Feb 19 puts @ $1.75 shortly after open. I've open order to buy some USO at $30. Trying to put on long energy/ short financial pair trade.

 

[Azurik]

Capstone Near-Term RMBS Buy Target - $40

Capstone's RMBS Analysis of Delaware and Rating of Buy

After reading up on Judge Robinson's decision, he pretty much came up with the same conclusions I gave you guys over the weekend.

I don't know how to say this to you guys, but Judge Whyte's decisions this week regarding how Judge Robinson's opinion conflicts with his own... and whether or not the trial for DDR2+ stays on course (90% chance according to Capstone) is extremely important to RMBS.