Rumor has it that significant long preferred - short common positions have been "dancing the corpse" this morning. Also, in the absence of great borrows in the common, a number of synthetic shorts are supposedly floating around out there at 4 and 5 strikes, (though holding any short with strikes this low strikes us as risky) compounding the squeeze effect as the big C heads to $4 and $5 a share.
Whatever the case, Castle Vikula is up over 15%. Go team!
Posted by guest , Apr 14, 2009 10:14AM
Count Vikula is definitely putting the big hurt on the shorts by sitting on the SEC filing. I'm sure he is putting in a "floor" for a new equity offering -- what the hay, if it is good enough for that bald headed guy over at GS...
question: is M. Brennan going to work for FoxBusiness or did she just get back from visiting Vic's secret???
Posted by guest , Apr 14, 2009 10:14AM
Up 15% because they get a cut of the Shake Shack receipts at Shea..umm Citi Field.
Seems Met fans are coco for cuckoo poops when it comes to Shake Shack burgers.
Posted by guest , Apr 14, 2009 10:18AM
@2:
Put your helmet on and get back in your cage before you get hurt.
Posted by guest , Apr 14, 2009 10:19AM
This market is more choreographed than the Ziegfeld Follies.
Posted by guest , Apr 14, 2009 10:26AM
I have never heard of this company. Please report on real companies.
Posted by guest , Apr 14, 2009 10:29AM
@5- please try harder to be funny.
Posted by guest , Apr 14, 2009 10:30AM
I bought 100 shares at $4 and sold at $4.30...three dimes is the new killin it.
Posted by guest , Apr 14, 2009 11:14AM
@7 - so minus commissions, you made $10 on that trade.
Posted by guest , Apr 14, 2009 11:21AM
@8, better than a kick in the nuts!
Posted by guest , Apr 14, 2009 11:38AM
@8 - institutional investors normally pay 5 cents a share commission
Posted by guest , Apr 14, 2009 11:40AM
10- if they are chumps
Posted by guest , Apr 14, 2009 11:54AM
@1 which filing?
Posted by Debter , Apr 14, 2009 12:24PM
@ 10: You think 100 shares is institutional?
Posted by guest , Apr 14, 2009 1:35PM
@8 - Sarcasm, assface.
Posted by guest , Apr 14, 2009 1:38PM
All right, I'll admit it. I've been in the business 30+ years and I've never heard the expression "dancing the corpse." I somewhat understand the context, but what's the actual meaning?
Posted by guest , Apr 14, 2009 2:31PM
@15 I thought the same thing.
Here's my take - a lot of activity around a dead body, ie, high volume trading of a stock everybody knows is essentially a call option on the government's continued intervention.
Posted by guest , Apr 14, 2009 2:31PM
@15 I thought the same thing.
Here's my take - a lot of activity around a dead body, ie, high volume trading of a stock everybody knows is essentially a call option on the government's continued intervention.
Posted by guest , Apr 14, 2009 2:32PM
@15 I thought the same thing.
Here's my take - a lot of activity around a dead body, ie, high volume trading of a stock everybody knows is essentially a call option on the government's continued intervention.
Posted by guest , Apr 14, 2009 2:50PM
@16,17,18
D'oh. Be patient when hitting "Post Comment."
Posted by guest , Apr 14, 2009 3:07PM
Wasn't that a trade Karen Finnerman was talking up over several days on Fast Money?
Posted by guest , Apr 14, 2009 3:35PM
@12 s-4 final
Posted by guest , Apr 14, 2009 3:59PM
@12 see WSJ - C is putting off filing until Friday and probably wont' have a when issued!