***Official*** 2010 Stock Market Thread

[Cal166]

ANX - check it out

Something is cooking up...You think it's due to the presentation on the 13th OneMedForum?

 

[richardycc]

What's going on with RMBS?

 

[destrekor]

uh... what the hell does this mean for HT stock:

"Hersha Hospitality Trust announced the commencement of a public offering of 35,000,000 common shares of beneficial interest, par value $0.01 per share. Hersha intends to grant the underwriters of the offering a 30 day option to purchase up to an additional 4,730,250 common shares to cover over-allotments, if any. The Company intends to use the net proceeds of the offering to acquire a Hampton Inn and a Candlewood Suites located in Times Square, New York. Any excess proceeds will be used to repay outstanding indebtedness under Hersha`s revolving line of credit and for general corporate purposes. BofA Merrill Lynch, Raymond James and UBS Investment Bank are the joint book-running managers for the offering. "

I feel like I am reading that wrong. But then I look at the stock after hours, showing a nearly 12% drop in value after hours, following what was a good day for the stock.
Shiiiit.

 

[richardycc]

uh... what the hell does this mean for HT stock:

"Hersha Hospitality Trust announced the commencement of a public offering of 35,000,000 common shares of beneficial interest, par value $0.01 per share. Hersha intends to grant the underwriters of the offering a 30 day option to purchase up to an additional 4,730,250 common shares to cover over-allotments, if any. The Company intends to use the net proceeds of the offering to acquire a Hampton Inn and a Candlewood Suites located in Times Square, New York. Any excess proceeds will be used to repay outstanding indebtedness under Hersha`s revolving line of credit and for general corporate purposes. BofA Merrill Lynch, Raymond James and UBS Investment Bank are the joint book-running managers for the offering. "

I feel like I am reading that wrong. But then I look at the stock after hours, showing a nearly 12% drop in value after hours, following what was a good day for the stock.
Shiiiit.

that's a pretty big dilution for buying 2 hotels in times square and pay off some debt and general purposes. Stock will definitely take a hit tomorrow, but it might recover long term.

A lot of pople are guessing that GNVC might have something like this coming, as GNVC do need more cash and BAM wants it, so BAM can get more shares and still own less than 5% once they execise their warrants.

 

[snoopdoug1]

that's a pretty big dilution for buying 2 hotels in times square and pay off some debt and general purposes. Stock will definitely take a hit tomorrow, but it might recover long term.

A lot of pople are guessing that GNVC might have something like this coming, as GNVC do need more cash and BAM wants it, so BAM can get more shares and still own less than 5% once they execise their warrants.

That'd suck for GNVC. Who are "a lot of people"? People on IV?

 

[destrekor]

that's a pretty big dilution for buying 2 hotels in times square and pay off some debt and general purposes. Stock will definitely take a hit tomorrow, but it might recover long term.

A lot of pople are guessing that GNVC might have something like this coming, as GNVC do need more cash and BAM wants it, so BAM can get more shares and still own less than 5% once they execise their warrants.

So are they selling shares for $0.01, the same stock that had a high value of $3.70 today? (down to 3.26 after hours)? Or... am I misunderstanding something? I feel like it looks so obvious, yet makes zero sense in my head. Why would they dilute it so much and with that insanely low value? I've witnessed major dilutions but the value is usually fairly close to the currently traded value.

I admit I still have much to learn about trading, have only been doing it for a year, and nothing too massively high in value, but I've had an overall fairly great run.

 

[JS80]

So are they selling shares for $0.01, the same stock that had a high value of $3.70 today? (down to 3.26 after hours)? Or... am I misunderstanding something? I feel like it looks so obvious, yet makes zero sense in my head. Why would they dilute it so much and with that insanely low value? I've witnessed major dilutions but the value is usually fairly close to the currently traded value.

I admit I still have much to learn about trading, have only been doing it for a year, and nothing too massively high in value, but I've had an overall fairly great run.

par value =/= value of raised money

 

[destrekor]

par value =/= value of raised money

Now I am even more confused.
One, I read that as "per value", so there was an obvious confusion there.
But.. what exactly is "par value".

hmm, a quick wiki helped me here. So it's basically just a potentially legally-required statement, saying this is the minimum price we will sell it at? But large sales are going to take place somewhere around what the currently traded value at the time is, yes?

So, it's just a typical dilution. Roger. As wiki stated, it's a pretty rare thing for common stock to have a par value, and when they do, it's typically $0.01, even for stocks with a high value. Explains why I've never seen it before in other PRs.

 

[JS80]

Now I am even more confused.
One, I read that as "per value", so there was an obvious confusion there.
But.. what exactly is "par value".

hmm, a quick wiki helped me here. So it's basically just a potentially legally-required statement, saying this is the minimum price we will sell it at? But large sales are going to take place somewhere around what the currently traded value at the time is, yes?

So, it's just a typical dilution. Roger. As wiki stated, it's a pretty rare thing for common stock to have a par value, and when they do, it's typically $0.01, even for stocks with a high value. Explains why I've never seen it before in other PRs.

Any value above par value gets booked to additional paid in capital. it's accounting/legal BS. Wait and see what they price the stock at.

 

[richardycc]

So are they selling shares for $0.01, the same stock that had a high value of $3.70 today? (down to 3.26 after hours)? Or... am I misunderstanding something? I feel like it looks so obvious, yet makes zero sense in my head. Why would they dilute it so much and with that insanely low value? I've witnessed major dilutions but the value is usually fairly close to the currently traded value.

I admit I still have much to learn about trading, have only been doing it for a year, and nothing too massively high in value, but I've had an overall fairly great run.

they will announce the selling price in a day or so...it is usually discounted ~10-20% less than the going price...the stock was 3.7, aftermarket now at 3.26..so my guess they will price this between $2.5-3.5. HGSI did 2 of these on it's way up from $2 to now around $30 in the last 6months, so it's not always a bad thing to the stock price.

 

[destrekor]

they will announce the selling price in a day or so...it is usually discounted ~10-20% less than the going price...the stock was 3.7, aftermarket now at 3.26..so my guess they will price this between $2.5-3.5. HGSI did 2 of these on it's way up from $2 to now around $30 in the last 6months, so it's not always a bad thing to the stock price.

you just had to tell me that. I completely forgot about HGSI. I was seriously contemplating investing a little while they were under $2 in late winter/early spring. Sweet jesus that's a massive miss. But welcome to hindsight with gambling, I mean the stock market. Argh.
lol oh well. I had a few nice runs, missed out on the over 500% gain I had with CTIC, kept thinking the drop was temporary.. but it just kept falling. Lesson learning. Now I'm just waiting for any little bit of decent news prior to FDA dropping the big news. AEN is looking in better shape than CTIC at the moment too, though they don't have anything in review... I do imagine the mere act of having something in the hands of the FDA will make AEN a more realistically valued stock.

 

[jessieqwert]

AAPL seems to be stagnating at 210. I guess everyone is waiting for "slate" news.

 

[CalvinHobbes]

ANX - check it out

Company name ANX ADVENTRX
Price Change 0.450 +0.115
Chg % 34.33%
Earnings per share -0.18
Mkt Cap 69.22M
Return on avg assets -117.78
Return on avg equity -143.93
Operating margin -5,462.00
Net profit margin -5,329.60

 

[supaidaaman]

*Noobie alert* Questions ahead!

Ive been learning about trading stocks for the past few months and playing the virtual stock market with some friends that want to get into investing...and I think its time I started investing some extra(losable) cash I have laying around. Ive done pretty well in the virtual market, so I think I can turn that into reality.

Im in a spot where I would feel comfortable with day trading or only holding onto investments for the short-term.

Are there any online brokerage firms that would be a good fit for a newbie/beginner day trader?

----
What do you guys think of GME right now?

 

[Lamont Burns]

Don't use Zecco imo... at least not as your only source of information. That's all I can offer, I'm no genius. I just played on the weakness over the last 2 years, nothing sophisticated about that.

 

[IEC]

GNVC taking a nosedive - no news that I can see yet. Doubled my position, hope it doesn't come back to bite me

Edit: @ 1.5899

 

[Demo24]

*Noobie alert* Questions ahead!

Ive been learning about trading stocks for the past few months and playing the virtual stock market with some friends that want to get into investing...and I think its time I started investing some extra(losable) cash I have laying around. Ive done pretty well in the virtual market, so I think I can turn that into reality.

Im in a spot where I would feel comfortable with day trading or only holding onto investments for the short-term.

Are there any online brokerage firms that would be a good fit for a newbie/beginner day trader?

----
What do you guys think of GME right now?

Gotta be careful with day trading as you can only do so many of those in a week before you get flagged, after that you'll need to have 25k in the account. Still, if you hold them for a day or so, shouldn't be a problem.

I use zecco cause it's cheap, and I tend to get in/out at the price I'm expecting. There are better ones out there with more information. I'd recommend looking at a place with cheap rates. For instance if I have to break even on a trade I only lose 9 bucks, compared with 26 on Etrade.

 

[Azurik]

Oddly enough, Midas has been silent for the last 2 days. What's cooking Azurik ? I am sure even though if you are on vacation you must be paying attention to RMBS when Jan 11 is so near. Please advise.

Back! I've checked the boards sporadically during my 2 week holiday vacation, but I'm leaving again on January 27th to Russia for another vacation.

The trial is locked and loaded to begin tomorrow, so while I'm still paying attention, there's nothing to really to report or mention until it actually starts.

This will be interesting times. The antitrust trial, along with an ITC decision right before I board my plane. I am more and more confident we will win at the ITC - meaning Judge Essen will order a importation ban of Nvidia products infringing Rambus.

The national news media will soon cover this and it will gain attention. Afterall, this is the BIGGEST antitrust suit in U.S. history.

The Wall Street Journal just ran a little blurb today:

14:28 RMBS Rambus trial against memory-chip makers set to open Wednesday

12-Jan: 02:27PM, =WSJ: Rambus Trial Against Memory-Chip Makers Set to Open Wednesday


(This story and related background material will be available on The Wall
Street Journal Web site, WSJ.com.)

By Don Clark
Of THE WALL STREET JOURNAL


SAN FRANCISCO--A high-stakes trial pitting Rambus Inc. (RMBS)against three
chip makers, which could bring chief executives of some large technology
companies to the witness stand, is scheduled to begin opening maneuvers
Wednesday.

The case in San Francisco County Superior Court centers on allegations by
Rambus that Micron Technology Inc. (MU), Samsung Electronics Co. (SSNHY) and
Hynix Semiconductor Inc. (HXSCF) illegally conspired to boycott technology
developed by Rambus and took other actions to block its acceptance. It is
hoping to win billions of dollars in damages from the case. The three companies
deny the allegations.

Rambus, of Los Altos, Calif., licenses patented technology that is used to
accelerate the performance of memory chips, including products known as dynamic
random-access memory, or DRAM, that are a mainstay of personal computers. The
company's history has been marked by litigation, including patent battles with
numerous chip makers and an antitrust case against the company by the Federal
Trade Commission that was rejected by an appeals court.

Judge Richard Kramer is expected to review pre-trial motions Wednesday, a
Rambus spokeswoman said, adding that it is not clear when jury selection or
opening arguments will begin.

It is also not clear how long the trial will last, and how many witnesses the
parties will be allowed to call. But the witness lists filed by the parties to
the case have some big names.

Rambus, for example, included Michael Dell, founder and chief executive of
the big computer maker, and Steve Appleton, Micron's chief executive, among 144
witnesses on a list it filed with the court in December.

Micron, meanwhile, listed Paul Otellini, chief executive of Intel Corp.;
Craig Barrett, Intel's former chairman and chief executive; Michael Splinter,
chief executive of Applied Materials Inc., and a former Intel executive; Bruce
Sewell, Apple Inc.'s general counsel, who previously held that position at
Intel; Patrick Gelsinger, a longtime Intel executive vice president who
recently took a senior job at EMC Corp.; and Andreas Bechtolsheim, a co-founder
and longtime hardware designer for Sun Microsystems who is chairman and chief
development officer of the startup Arista Networks Inc.

Such lists tend to be exhaustive, and could be whittled down based on such
factors as how much time the judge allows for the trial, said Michael Cohen,
chief executive of MDC Financial Research, a firm that covers litigation events
for institutional investors.

"Some of them may or may not show up, some may be in video depositions,"
Cohen said.

Cohen said the judge has set aside two-and-a-half months for the trial on his
calendar, while the defendants want five to six months.

Rambus began working in the early 1990s to popularize a chip variant it
called RDRAM, gaining backing from companies that include Intel. But RDRAM was
later eclipsed by competing technologies that were backed by the defendants and
other chip makers. By 2003, Intel and most other RDRAM supporters were backing
away from the technology.

A series of legal attacks have been made by legal opponents of the company,
including allegations that Rambus improperly destroyed documents and illegally
misled an industry standard-setting group into adopting Rambus technology
without disclosing plans to patent it. Rambus has denied those charges, and has
convinced several courts of its position.

Several memory chip makers, including Samsung and Hynix, have settled
government allegations of price-fixing, investigations that unearthed evidence
of collusion Rambus hopes to exploit at the trial.

Daniel Francisco, a Micron spokesman, issued a statement that summarizes the
company's position and echoes arguments by other defendants.

"We believe that Rambus' allegations are baseless," he said. He said the
company looks forward to presenting evidence that will show that Intel and PC
makers "ultimately chose DDR, an open standard memory solution, based on the
technology and its cost advantages rather than Rambus' proprietary product."

 

[Kntx]

GNVC taking a nosedive - no news that I can see yet. Doubled my position, hope it doesn't come back to bite me

Edit: @ 1.5899

That seems to have worked out for you.

 

[IEC]

That seems to have worked out for you.

Yes, but now I am torn - do I hold out for higher highs or take my profits

 

[Kntx]

Yes, but now I am torn - do I hold out for higher highs or take my profits

Maybe sell half of what you bought today.

 

[snoopdoug1]

Anyone still hanging on to GGWPQ?

 

[richardycc]

Anyone still hanging on to GGWPQ?

me, won't sell until its symbol is back to GGP.

 

[richardycc]

wow goog is down another $8 afterhour with the pulling out of China news.

 

[state 08]

On Friday,

Bought about $700 worth of GME (Gamestop) @ $20.29. It was near it's 52 week low.

Glad I got in on some GME stock last Friday!

Since then, they announced $300 Million Share Repurchase Program and they went up .45 today!

Also plan on opening 400 new store this year! Lookin forward to see how this guy plays out in 2010.