Nice little $4.00 move. Looking for some more still. Looking at CHRS, OMNI and KONG been killed lately, but, they make moollaa... Long all three yesterday.
SCRA - 50% owned by GE Capital, former NYSE stock, had news today, thought it was worth the gamble and looks to good to be true - it is still in BK, but the website info looks promising as it states one of the largest in the world Marathon Asset Management LLC has loaded up on shares recently if you compare the SEC filings Basic info: The company is engaged in two main activities: passenger and freight transport and marine container leasing. Within each segment are a number of operating units. Passenger transport consists of Rail operations in the U.K, conducted under the name Great North Eastern Railway (GNER); fast ferry services in New York under the name SeaStreak; fast ferry services in the Baltic under the name SuperSeacat; and in the Adriatic under the name SNAV-Hoverspeed (50% owned). Marine container leasing is conducted primarily through GE SeaCo SRL, a Barbados company owned 50% by Sea Containers and 50% by General Electric Capital Corporation. GE SeaCo operates one of the largest marine container fleets in the world, nearly one million units. Sea Containers also owns or partly owns five container service depots, four container manufacturing facilities and a refrigerated container service business. In addition, it owns one container ship, which is currently on charter. Press Release Sea Containers Wins GE SeaCo Arbitration CaseLast update: 12/6/2007 7:16:00 AMGE Capital Had Asserted a Change of Control at Sea Containers HAMILTON, Bermuda, December 6, 2007 /PRNewswire-FirstCall via COMTEX/ -- Sea Containers Ltd, which owns half of the common equity in GE SeaCo SRL, one of the world's largest container leasing companies has won the arbitration case brought against it by GE Capital, the co-owner of GE SeaCo. In September last year, GE Capital of Stamford, Connecticut, contended that when Mr James Sherwood, the company's founder, stood down from his duties as Chairman of the Board of Directors of Sea Containers in March 2006, there had been a change of control at Sea Containers that allowed GE to buy out Sea Containers' interests in GE SeaCo. Sea Containers welcomes the decision by the Arbitrator of the Commercial Arbitration Tribunal in the International Institute for Conflict Prevention and Resolution. The Arbitrator found that, for numerous reasons, when Mr Sherwood stepped down from his position at Sea Containers, there was no change of control that might have triggered any right of GE Capital to purchase Sea Containers' interest in GE SeaCo. The favourable arbitration ruling is a major step forward in Sea Containers' efforts to advance its financial reorganization. Sea Containers looks forward to working with GE Capital to maximise the value of GE SeaCo. SOURCE Sea Containers Ltd. Copyright (C) 2007 PR Newswire. All rights reserved
SCRA-- Up 475% TODAY. At one point it was almost a ten bagger....in one day!!!! :eek: News was out premarket, but the stock didn't really start moving until after 1:00pm (EST). Traded almost 6 million shares. Hope someone here caught that move with some size.
Imagine, If you got a good price then you might be on to something... nice one. Remember - short int. is best measured by the percentage short of the float. Usually the total is meaningless... ie. it's only short 3.7%. When I mentioned HSOA the other day at 1.01, the short int. was 37%. Any move up is going to have a lot of people (or enough people) getting nervous. Not to mention it's oversold and makes coin... Those are the 3 criteria I look for when picking longer term plays. - High short int. - oversold - makes money usually they're winners... Two more picks coming out this weekend. Good trading !