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Bought some stock here at 29.56 I believe I understand what Icahn is doing, its a brilliant play. He was afraid a $30 tender wouldn't get the additional 8-9% of the stock he needs(Last 10% he will get automatically). So what he does is to offer to tender at $29 and ANNOUNCE he accepts up to...

Conversion investors can now realize a 100% profit for a few days of work. This is likely to bring downward pressure on the stock when the transaction closes. They will own so much stock it will have an impact

"Knight Capital downgraded to Underperform from Market Perform at Keefe Bruyette Keefe Bruyette downgraded Knight Capital to Underperform citing valuation following the company's $400M investment. The firm has a $2.50 price target for shares." I'm treating KCG as a promoted stock at this...

Here are some lessons so other people don't commit the same mistakes -Took too big of a position to begin with, had 10% of my assets in the stock. Kept wanting to watch every tick of the stock. If you have a fundamentally oriented trade and have an intraday chart or L2 open, you are trading too...

Was a super obvious buy too. I don't know why I pay so much attention to noise price action that doesn't mean shit. Lesson learned

lol, as usual my analysis is dead right and my trading is horrible. I only have a small position compared to my initial stake. Will take a loss on the trade even though stock will climb to $30 as I sold some during the decline. Botched this trade hugely

You are right, I forgot to subtract 1 from my local time. Do you know which ECNs open up that lead to this liquidity burst at 8am?

http://www.sec.gov/Archives/edgar/data/1060749/000119312512338098/d392396d8k.htm Some pref stock hav voting rights, pref only forced to convert if the stock is above $4.5 for a period of time, they can suck dividends in the mean time

Yes that was pretty weird. They had 800,000 shares, someone took almost everything pre-market

Gasparino "FBN: Blackstone on verge of buying KCG/taking private for $1.2b before trading screwup; Jeff earned $20m using BX diligence on current deal" So who is going to buy now?

I made the mistake of using last weeks pattern(gap down and stock closes at lows after selling off the whole day) to predict today's action. Today you had the dips being bought, I suspect the CEO is right that the ownership is now in different type of hands(In the public float) From my...

Tomorrow there will be quite a bit of price target adjustments from analysts who tend to be smarter than the gamblers. We will see if that wakes people up

I thought I had my bases covered when the company and the NYSE removed the chances of the deal being struck down. But apparently I didn't count on investor idiocy being so resilient and I was wrong about panic sentiment. I suppose it takes horrible news to scare these gamblers. Lesson learned

I think I understand what happened. The CEO was on CNBC talking about how the stock turnover last week exploded, he said the stock was mostly institutionally owned but after the volume surge last week he was curious to know who 'the new owners are'. I suspect the new owners are dumber investors...

Seems that people are still believing the company can be bought out at a premium. Apparently having dozens of people look at the company and not buy it isn't enough to change investors mind

Is this something normal that you observed in other stocks with huge offerings?

Money making formula, buy $400M at $1.5 and sell it at $3 in the open market. 100%+ in 10 business days I don't think the current market cap is sustainable

I noticed that there are 2 pre-markets. From 4AM EST to 9AM EST and 9AM EST to the open After 9AM there is a liquidity burst, I believe some other ECNs open up for business. Stock got halted right after that but the real price will start to be set from now on. The first pre-market is too...

If they vote the deal down the company is literally out of business(MM business)

"NYSE Euronext temporarily re-assigns Knight DMM responsibilities to GETCO DMM In accordance with applicable rules, the New York Stock Exchange (NYX) and NYSE MKT have temporarily assigned custodial responsibility for approximately 524 New York Stock Exchange and 156 NYSE MKT listed securities...