gap down thursday on the open to 7.94 and tradng arround 8.60 one hour into the session.
report of a "going concern" report and a huge shelf registration bopped the stock. also a report from 24/7 Wall St that "Las Vegas Sands (LVS) indicated it might have some trouble with debt covenants."
just watching right now BUT might re-enter for a trade IF it gets down around $6 or lower (and hope it doesn't end up like the Space Shuttle Columbia's re-entery)
To remove first post, remove entire topic.
and do you want to take it?
gap down thursday on the open to 7.94 and tradng arround 8.60 one hour into the session.
report of a "going concern" report and a huge shelf registration bopped the stock. also a report from 24/7 Wall St that "Las Vegas Sands (LVS) indicated it might have some trouble with debt covenants."
just watching right now BUT might re-enter for a trade IF it gets down around $6 or lower (and hope it doesn't end up like the Space Shuttle Columbia's re-entery)
is there any way you could summarize what a shelf and debt convenant issue is , I watched LVS shoot up after reading your previous posts on it, and am interested in it.
hey guys, I am a new investor,
just thought I would stop lurking and contribute,
is there any way you could summarize what a shelf and debt convenant issue is , I watched LVS shoot up after reading your previous posts on it, and am interested in it.
is there any way you could summarize what a shelf and debt convenant issue is
a shelf registration means that the company can dump a LOAD of stock or bonds on the market at anytime thereby diluting the value of the current bond or shareholders.
IF the company fails to meet debt convenants, which is the minimum cash flow, profit, ect that are required to maintain the debt, then their corporate bonds could be required to pay a higher rate OR in a worst case, even "called" (cancelled) and beriquired to be payed back early. that's obviously REALLY nasty for a companies finances.
as you can see with LVS today, just the FEAR of the latter can REALLY tank a stock.
is there any way you could summarize what a shelf and debt convenant issue is
a shelf registration means that the company can dump a LOAD of stock or bonds on the market at anytime thereby diluting the value of the current bond or shareholders.
IF the company fails to meet debt convenants, which is the minimum cash flow, profit, ect that are required to maintain the debt, then their corporate bonds could be required to pay a higher rate OR in a worst case, even "called" (cancelled) and beriquired to be payed back early. that's obviously REALLY nasty for a companies finances.
as you can see with LVS today, just the FEAR of the latter can REALLY tank a stock.
stock closed thursday @ 7.85 -3,81 in the regular session on 54+ million shares (was the NYSE 15th most active) and shed another -1.38 to 6.47 after hours.
back to the "shithouse or castle" situation from just over a week ago.
these news items about LVS probably explain the tank job BUT we heard it BEFORE and it BOUNCED pretty GOOD.
Sands at Risk of Violating Covenants (as explained under "IF the company fails to meetdebt convenants" earlier in the thread)
stock closed thursday @ 7.85 -3,81 in the regular session on 54+ million shares (was the NYSE 15th most active) and shed another -1.38 to 6.47 after hours.
back to the "shithouse or castle" situation from just over a week ago.
Dow Jones news wire says that China's Xinhua News reporting the the Chief of the Macao district has NO plans to help out casino operators with any of the Chinese governments economic stimulus funds.
Dow Jones news wire says that China's Xinhua News reporting the the Chief of the Macao district has NO plans to help out casino operators with any of the Chinese governments economic stimulus funds.
6.65 and falling...why anyone would buy this stock at this level is beyond me.
hell, 2 1/2 hours into the session and they STILL can't get it open on the NYSE.
actually, I'm so scared I might BUY another 1k IF it gets clipped. like an "anal"yst said in one article, that 2+ billion infusion of equity, even though is big dilution, probably means NO bankruptcy at least in the near future AND they STILL have prime properties.
6.65 and falling...why anyone would buy this stock at this level is beyond me.
hell, 2 1/2 hours into the session and they STILL can't get it open on the NYSE.
actually, I'm so scared I might BUY another 1k IF it gets clipped. like an "anal"yst said in one article, that 2+ billion infusion of equity, even though is big dilution, probably means NO bankruptcy at least in the near future AND they STILL have prime properties.
finally opened just before 1:00 @ just over $6 and closed the day @ $5.28. will see what happens tomarrow BUT IF I see it below $5, I will probably pick up another 1k.
finally opened just before 1:00 @ just over $6 and closed the day @ $5.28. will see what happens tomarrow BUT IF I see it below $5, I will probably pick up another 1k.
I picked up 1k @ 4.25, 1k @ 4.08 and 1k @ 3.77 today for a total of 6k held. think IF they just SURVIVE the stock could be a quick double or triple from here. still LOADS of shorts and look what happened last month. had a 5 day move from just over 4 to 17
don't know IF we will see another move like that BUT it's possable on ANY good news.
btw, the internet gaming companies like CRYP and (esp) GIGM are RIDICULOUS low right now. GIGM just announced a 24% earnings increase and hit an intraday low of 2.65 before closing @ 2.90 today. FUCK NUTS!!!
I picked up 1k @ 4.25, 1k @ 4.08 and 1k @ 3.77 today for a total of 6k held. think IF they just SURVIVE the stock could be a quick double or triple from here. still LOADS of shorts and look what happened last month. had a 5 day move from just over 4 to 17
don't know IF we will see another move like that BUT it's possable on ANY good news.
btw, the internet gaming companies like CRYP and (esp) GIGM are RIDICULOUS low right now. GIGM just announced a 24% earnings increase and hit an intraday low of 2.65 before closing @ 2.90 today. FUCK NUTS!!!
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