Quick chart......
Screenshot_2013-01-18-16-34-50.jpg
Quick chart......
Screenshot_2013-01-18-16-34-50.jpg
Liberty owns over half the company. Imo, when the buyback starts, they are in essence, still buying?( with a long way to go at that) I see them buying back at the prices they choose, keeping the MM's and shorties in check, all the while receiving a premium for the shares they bought at a depreciated price. We buy back from them to keep their % the same. When you own approx. 3 billion shares, why would you want the price to go down just to get a bargain when you could make approx. $30,000,000 per penny of movement in the upward direction, how much money would you save getting it at $3.00 compared to $3.16? To start off with they would be would be $480,000,000,000 480 MIL in the hole from where they started to begin with
(30,000,000 x -16 cent=-480,000,000,000) I mean what if they bought another 50 million at $3.00, 50 mil x 16 cent = 8 miilion. What kind of bargain would that be? Loose 480 mil verses saving 8 mil. Unless someone thinks Liberty is the shortie? I'm calling some Hogwash!!!
@ Rad,
Quote, 1-17-13 "The farther out on your chart you go, the less clarity, imo, We break 3.16 tomorrow, and I'm calling $3.16 close. It's gonna be a good Friday, imo. Gla
I have a new indicator, and I feel tomorrow is gonna be interesting,imo."
Guess I won the Call the Close for the day!!! Gl Bro
Last edited by Redcloud; 01-18-2013 at 06:44 PM.
Thanks Spencer (I think). This picture is starting to finally soak in, slowly and painfully. Seems someone made reference to a Malone talk in which he implied it could be a couple years before the RMT will execute. Hopefully, that leaves lots of space for this dog to run and to let us systematically decide how to make the best of it. I suppose if one wanted into LMCAD, it would be better to make that commitment sooner than later. I see it didn't move today, so apparently teh latest news failed to make a big impression.
Denco it's about time for an update of your P&F, thanks in advance.
Have a good weekend everyone!!!
Red cloud good call on the bounce and close, I missed seeing your 3.16 call on the close the first time! oops. I guess since Im out at 3.17 average I didn't look at 3.19 bounce but for a quick trade it would have worked well from 3.12 to 3.19, nice job!
I am looking farther out, true, and have buys in all the way down. I reevaluate every day.
edit: shoot, I reevaluate every minute from premarket to after hours!
Last edited by Redcloud; 01-18-2013 at 07:25 PM.
My how times have changed. Seems only 4 or 5 years ago that my wife and I dumped our Fidelity accounts when we lost our argument against their $72 commissions. Apparently they have wised up since then.
PS. I am totally sold on TD Ameritrade for reasons of their supurb customer service, their excellent suite of tools (charting, analysis, trading, etc.), and a fair commission rate which remains constant through any volume of trades and during all timeframes (PM, normal market hours, and AH) Correct me if I have overlooked something, but I fail to see useful tools at Fidelity.
Last edited by siriusly_invested; 01-18-2013 at 07:30 PM.
Alright IM ROMO, Looks like it's me and you brother, I'm out. Have a good weekend. Peace Out!!!
I was just talking about the trade fee with Fidelity, I got Etrade too. I'm sure different platforms all have their own perks...