Hig

If I thought the markets were efficient I wouldn't trade.

Quote from zdreg:

i understand.

however if the paper was any good someone would make a bid for the whole co.
More...
 
BTW... why do you think this is the only possibility?

If nobody knows what it's worth there probably wouldn't be any bids either.

And since we're in a nasty bear market plenty of stocks have been excessively sold off. Why aren't these companies being bid on?

Quote from zdreg:


however if the paper was any good someone would make a bid for the whole co.
More...
 
Quote from NoDoji:

Port, I read all that stuff already.

MrStocker, thank you, that is info I did not have, and clarifies the depth of the selloff.

LEAP, nice work from November lows; that's exactly what I did with DRYS from 3.48 in November.

After reading MrStocker's link, I'll watch this one one carefully for more news and a retest of the 4.16 low before taking a longer term stand. (DRYS tested its low after serious solvency fears emerged.)

However, for a day trade, we have Citi news this morning! HIG already up 6% pre-market. Might day trade this one after all.
More...

You made money with DRYS, no question.

I'd like to go again with HIG, but just can't pull the trigger yet after reading MrStockers link. As of this morning, HIG's at 7.04. Down 12%

I'd liked to have gotten in on FITB Wednesday. It was hovering around $1.50 and jumped 40% the next time I looked at the ticker. I'd love to know why this happened. FITB is a horrible bank, but they're not loaded up with subprimes either. Hmmm
 
Quote from Trader666:

BTW... why do you think this is the only possibility?

If nobody knows what it's worth there probably wouldn't be any bids either.

And since we're in a nasty bear market plenty of stocks have been excessively sold off. Why aren't these companies being bid on?
More...

companies bid for other companies in good times.
 
Didnt you guys see the special on CNBC last night about CDOs and SPVs? The Hartford is loaded down with them. Poisonous debt that will never have a fraction of the value that it once had.

As the balance sheet stands, The Hartford is a bankrupt insolvent company. If your expecting a double or triple from here, then you are wrong. Dead wrong.

Im expecting for this to meander in a tight range for the next 24 hours or so and then accompanied by a fallout outside of the triangle its forming on the chart.

It will then wallow in the low single digits until the annoucement that the company is bankrupt and probably followed by the CEO collecting a nice bonus right before...

**No one is going to bid on this with it loaded down with so much worthless ill-liquid securities on the books***
 
You must log in or register to reply here.
Back
Top