• James Sands
    Who is going long Z if it opens down over 10% tomorrow?
    8/7/12
    Reply (19)
    • BTD70: Very interested, but will give it another day to settle.
      8/7/12
    • Ocean Man: Shelf offering, wait til shares get sold.
      8/8/12
    • BTD70: Thanks. I have a note "buy dips below 37" and I'm sticking with that.
      8/8/12
    • James Sands: Yea, I think a good buy-in price is below $30.
      8/8/12
    • BTD70: I would be OK with 36, watching it closely.
      8/8/12
    • James Sands: What is your rational for the $36 price, if you don't mind?
      8/8/12
    • BTD70: Would have to check my home notes. Probably a trading range thing.
      8/8/12
    • James Sands: Ok, so like a technical signal.
      8/8/12
    • James Sands: Ocean Man, What price do you feel Z is a solid buy at. I'm looking to take a long position and trim and add over time.
      8/8/12
    • Ocean Man: I like buying it in the low 30s. If it's at 36 / 37, I'll sell a Nov $35 put for $4, so I'll either make $400 or get put the stock at net 31
      8/8/12
    • James Sands: Thanks Ocean Man, could you clarify the shelf comment.
      8/8/12
    • BTD70: Do they price that like a secondary?
      8/8/12
    • Ocean Man: Means a secondary at some point in the future.
      8/9/12
    • James Sands: Gotcha, I just read the note on the potential extra $150 million Z may raise.
      8/9/12
    • BTD70: Maybe a good entry will present after it dips on the secondary. Thanks OM.
      8/10/12
    • James Sands: Basically we're looking at an extra 4-5 million shares between a $30-40 stock price for the sale.
      8/10/12
    • James Sands: That's an extra 13-16% dilution not considering regular stock compensation.
      8/10/12
    • James Sands: @briandiplacido: Did you pick up any Z today?
      8/15/12
    • BTD70: I noted the price, but did not. Long FDP/UVXY, no $ for another position right now.
      8/15/12