Stock Market Thread - ALL COMBINED

djv

Registered User
Forum Member
Nov 4, 2000
13,817
17
0
WHAT went on here?
BBLKF A low of 1 cent high around 14 bucks.
Now 15 cents.
Some life for this shipper.
Any info anyone to help us deside. The upside is big.
 

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
50
Note1: This is paper trading for now
Note2: All gains/losses will be expressed post-commission
Note3: Virtual account size being used is $5,000
Note4: Will base portfolio gain each time on original $5,000 not current number.

Day 17 complete: +1.90%

Bought 10 .QAVFF @ 2.07
Sold 10 .QAVFF @ 2.18

+110.00
-15.00 commissions
+95.00 total

Total to date: +23.40%
 

dogface

Registered STUD
Forum Member
Feb 13, 2000
2,719
22
0
55
Minnesota
WHAT went on here?
BBLKF A low of 1 cent high around 14 bucks.
Now 15 cents.
Some life for this shipper.
Any info anyone to help us deside. The upside is big.


Here is some info I would imagine as to the drop in PPS:

http://securities.stanford.edu/1037/CFHI_01/


Company and Case Information IMPORTANT INFORMATION | INDEX OF FILINGS | SEARCH


Home

Index of Filings

News and Press Releases

Filings

Decisions

Settlements


Litigation Activity Indices


Top Ten List

Annual/Quarterly Updates

Clearinghouse Research

Articles & Papers

Search

Related Sites


About Us

Local Rules

Sponsors

Register


_______________
Copyright (c) 2001
Stanford Law School


Britannia Bulk Holdings Inc.

Summary: On February 18, 2009 the court ordered related cases to be consolidated and appointed lead plaintiff and lead counsel. A Consolidated Complaint is to be filed by April 17, 2009.

According to a press release dated November 6, 2008, On June 17, 2008, Britannia Bulk accomplished its IPO of 8.3 million shares at $15.00 per share for net proceeds of $116.2 million, pursuant to the Registration Statement. In its first day of trading, Britannia Bulk stock closed at $13.85 per share. Then, on October 28, 2008, Britannia Bulk issued a press release announcing that the Company expected a significant net loss for the third quarter of 2008 compared to the net income achieved during the second quarter of 2008. The loss was due to problems with hedges the Company had entered into earlier in the year. In addition, the Company announced it would not pay a dividend on its common shares for the quarter ended September 30, 2008, or for the foreseeable future. Following this disclosure, the Company?s stock collapsed to $0.16 per share. The following day, the Company disclosed that it had been notified by its lenders that they were accelerating all of its subsidiary?s obligations under a $170 million lending facility. This would ultimately result in the subsidiary being placed into administration under U.K. insolvency laws.

According to the complaint, the Registration Statement failed to disclose the problems in the Company?s activities in the forward freight agreements (FFAs) market. Specifically, the Registration Statement concealed that the Company failed to institute and enforce controls that would prevent Company personnel from buying FFAs not purchased to hedge identifiable ship or cargo positions. FFAs were represented to only be used as a hedge for work Britannia Bulk?s ships engaged in. However, in fact, FFAs were used outside of these guidelines, exposing the Company to significant risks. Moreover, the Company had not entered into appropriate fixed price contracts given the dramatic fluctuation in crude oil and bunker fuels.

--------------------------------------------------------------------------------
INDUSTRY CLASSIFICATION:
SIC Code: 4412
Sector: Transportation
Industry: Water Transportation



--------------------------------------------------------------------------------
COMPANY/ISSUER NAME: Britannia Bulk Holdings Inc.
COMPANY/ISSUER TICKER: BBLKF
COMPANY WEBSITE: http://www.britbulk.com

--------------------------------------------------------------------------------
FIRST IDENTIFIED COMPLAINT IN THE DATABASE
Steve Button, et al. v. Britannia Bulk Holdings Inc., et al.
COURT: S.D. New York DOCKET NUMBER: 08-CV-09554
JUDGE NAME:
DATE FILED: 11/06/2008 SOURCE:
CLASS PERIOD START: 06/17/2008 CLASS PERIOD END: 06/17/2008
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Coughlin Stoia Geller Rudman & Robbins LLP (Melville)
58 South Service Road, Suite 200, Melville, NY, 11747
(voice) 631.367.7100, (fax) 631.367.1173, info@csgrr.com/
Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
655 West Broadway, Suite 1900, San Diego, CA, 92101
(voice) 619.231.1058, (fax) 619.231.7423, info@csgrr.com/
_____________________________________________
TOTAL NUMBER OF PLAINTIFF FIRMS: 2



DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Complaint For Violation Of The Federal Securities Laws
Type: Complaint Date on the document: 11/06/2008
Case Management Order
Type: Order of Consolidation Date on the document: 02/18/2009
U.S. District Court Civil Docket
Type: Docket Date on the document: 02/19/2009

OTHER DOCUMENTS
Class Action Complaint Jury Trial Demanded
Case Name and/or Number: Thompson et al. v. Britannia Bulk Holdings Inc., et al.
Type: Complaint Date on the document: 11/07/2008
Class Action Complaint For Violations Of Federal Securities Laws
Case Name and/or Number: Scott Hoch, et al. v. Britannia Bulk Holdings Inc., et al.
Type: Complaint Date on the document: 11/20/2008

--------------------------------------------------------------------------------
WARNING AND DISCLAIMER OF LIABILITY:
The information included on this Web site, whether provided by personnel employed by Stanford Law School or by third parties, is provided for research and teaching purposes only. Neither Stanford University, Stanford Law School, nor any of their employees, agents, contractors, or affiliates warrant the accuracy or completeness of the information or analyses displayed herein, and we caution all readers that inclusion of any information on this site does not constitute an endorsement of the truthfulness or accuracy of that information. In particular, this Web site contains complaints and other documents filed in federal and state courts, which make allegations that may or may not be accurate. No reader should, on the basis of information contained in or referenced by this Web site, assume that any of these allegations are truthful.
 

djv

Registered User
Forum Member
Nov 4, 2000
13,817
17
0
Thks dogface. They sure have a world of troubel. No wonder it fell like a rock.
 

MadJack

Administrator
Staff member
Forum Admin
Super Moderators
Channel Owner
Jul 13, 1999
105,112
1,573
113
70
home
i havent watched tv at all today. what are they saying is the reason for the rally today? i'm enjoying the hell out of it myself :D
 

safrank99

Registered User
Forum Member
Aug 20, 2006
563
1
0
43
Dyer, IN
How often do you guys get stuck in the middle? I have a stop loss and a number that I want to get out of an option at and I'm sort of just hovering back and forth in the middle.

I bought 11 contracts of the $380 June Put at $4.20 today with the intention of dumping at $3.70 at worst and $4.50 at best. Today has been a really weird day but opinions are definitely helpful. Am newer to the options markets so I am just trying things out.
 

djv

Registered User
Forum Member
Nov 4, 2000
13,817
17
0
Just saw you question. One of the other men will need to answer. I never did worth a darn with options and have not tried a play like you have in years.
 

Livin'tillthEnd

Registered User
Forum Member
Nov 7, 2008
5,466
47
0
Dallas
How often do you guys get stuck in the middle? I have a stop loss and a number that I want to get out of an option at and I'm sort of just hovering back and forth in the middle.

I bought 11 contracts of the $380 June Put at $4.20 today with the intention of dumping at $3.70 at worst and $4.50 at best. Today has been a really weird day but opinions are definitely helpful. Am newer to the options markets so I am just trying things out.
380 June put? which stock? Based off what you are saying, the delta will determine how quickly the price of your stock will move. Not exactly sure what you mean?
 

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
50
How often do you guys get stuck in the middle? I have a stop loss and a number that I want to get out of an option at and I'm sort of just hovering back and forth in the middle.

I bought 11 contracts of the $380 June Put at $4.20 today with the intention of dumping at $3.70 at worst and $4.50 at best. Today has been a really weird day but opinions are definitely helpful. Am newer to the options markets so I am just trying things out.

The reason I didn't attempt to help is that I don't understand the question?

"Stuck in the middle" - are you trying to day trade it, and it didn't hit either of the prices you wanted to sell at?

What is the stock? What is the symbol for the option?
 

safrank99

Registered User
Forum Member
Aug 20, 2006
563
1
0
43
Dyer, IN
Sorry I went back and re-read my post. I'm an idiot. The $380 Put for June is Google and the option is GOPRP. My question is have you ever got stuck in a position that you held for too long?
 

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
50
No system play today due to being at dentist appointment during market open.
 

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
50
My question is have you ever got stuck in a position that you held for too long?

Yes. :)

It looks like this is a moot point now because you were probably stopped out already today. It is sitting at 3.30 currently.

One of the most important things about options (for me) is to have a VERY clear plan going in and sticking to that plan. Chasing bad money in options can get you really hurt.

Good luck.
 

safrank99

Registered User
Forum Member
Aug 20, 2006
563
1
0
43
Dyer, IN
Yes. :)

It looks like this is a moot point now because you were probably stopped out already today. It is sitting at 3.30 currently.

One of the most important things about options (for me) is to have a VERY clear plan going in and sticking to that plan. Chasing bad money in options can get you really hurt.

Good luck.

Thanks for the kind words. I did get out of my position at a small loss. I'm fascinated about all of this and should probably do a bit of paper trading before I dive back in again. I do love watching everyones plays that are posted
 

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
50
About time to buy DTO. Right now around 102.00. Just a little more time before this comes back the other direction.

I'll post when I end up buying if I do.
 

Livin'tillthEnd

Registered User
Forum Member
Nov 7, 2008
5,466
47
0
Dallas
About time to buy DTO. Right now around 102.00. Just a little more time before this comes back the other direction.

I'll post when I end up buying if I do.
looks great dawgball, a confirmation of morning star doji if tomorrows open is higher than todays high which looks possible with after hours trading--

macd, rsi, sto look fantastic---

gl --great opportunity there
 

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
50
looks great dawgball, a confirmation of morning star doji if tomorrows open is higher than todays high which looks possible with after hours trading--

macd, rsi, sto look fantastic---

gl --great opportunity there

I really only use stochastics and the chart itself. Waiting for stochastics to turn up which I think is happening soon.

Thanks for the feedback.
 

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
50
Purchased DTO @ 98.00 with a trailing stop loss 5% (currently at 93.10).
 
Bet on MyBookie
Top