hamvestor, thanks for the confirmation. looking at yesterdays
chart post from steve, bottom of triangle on xing is ~1.75. looking
at mcp and ree, those are going to pop yet again.
hmmmmm
I traded XING back in '06-07 and I remember it had ridiculous
cash on the balance sheet and EPS then too. There was always
"other factors" going on with the company including their partial
ownership of other subsidiaries including the now NYSE listed QTM
and I believe I remember at the time some healthy skepticism
regarding their financials etc.
Ultimately the technicals are the technicals but I just wanted
to note that this one historically has had "other issues" and now
with their proposed takeover of QTM there could also be some
arbitrage going on. Just something to note IMHO.
XING
Posted by hamvestor on 7th of Dec 2010 at 08:55 am
Down 15% on disappointing earnings.
xing
Posted by hazbin1 on 7th of Dec 2010 at 09:00 am
i've got to be reading something wrong, it's a $2 a share stock -do they have ~$5 in cash net per share?
I see $515 million in
Posted by hamvestor on 7th of Dec 2010 at 09:08 am
I see $515 million in cash and 90 million shares outstanding, so you appear to be reading it correctly. Weird!
XING
Posted by hazbin1 on 7th of Dec 2010 at 09:10 am
hamvestor, thanks for the confirmation. looking at yesterdays chart post from steve, bottom of triangle on xing is ~1.75. looking at mcp and ree, those are going to pop yet again. hmmmmm
I traded XING back in
Posted by tom on 7th of Dec 2010 at 09:27 am
I traded XING back in '06-07 and I remember it had ridiculous cash on the balance sheet and EPS then too. There was always "other factors" going on with the company including their partial ownership of other subsidiaries including the now NYSE listed QTM and I believe I remember at the time some healthy skepticism regarding their financials etc.
Ultimately the technicals are the technicals but I just wanted to note that this one historically has had "other issues" and now with their proposed takeover of QTM there could also be some arbitrage going on. Just something to note IMHO.
xing
Posted by hazbin1 on 7th of Dec 2010 at 09:36 am
Tom, thanks for the insight, was hoping to get in @ 1.75 this am, but wasn't fast enough premarket, also was only a quick trade. on to the next