it doesn't really take that long about 5-10 hrs a week. i just get ideas from everywhere and then i enter very small positions and add if it goes my way and cut back if it doesn't . the money management takes about 1/2 hr a day
PPHM is on a BK watch. I'm already short as part of my garbage strategy but I'm on the lookout for a possible intraday large short on BK rumors/facts
IOC a possible scam. According to Yahoo messageboards there was a post on Value Investors Club http://www.valueinvestorsclub.com/ about the stock that moved it in the middle of the day. Can anyone provide a copy of the VIC post here or by PM?
http://www.proskauer.com/news/press...aicht-joins-proskauer-as-partner-in-new-york/ Key here is to cover short immediately if there is any kind of 'deal' in the works or any agreement to solve things outside BK. I got squeezed hard on KCG by ignoring that
OSG https://twitter.com/markflowchatter/status/258289279694938112 Debtwire out on $OSG now, arent they the ones that clobbered $PCX , ala chapter 11
Not sure if it was PCX or some other bankrupt company - the suggestion you made after that was to wait for a mainstream (eg. Bloomberg) story about Chapter 11 filing, before taking a larger short position. Although the Tweeps are saying that Debtwire did get PCX right previously. **** update about share price decline but nothing specific about Chapter 11 or other restructuring: http://online.wsj.com/article/BT-CO-20121016-711056.html Shares of Overseas Shipholding Group Inc. (OSG, $4.11, -$1.06, -20.50%) took a big hit amid investor concern that it has maxed out it lending facilities and could soon face a liquidity squeeze. Shares have been on the decline pretty much since 2008 amid a rough shipping market. Debtwire, citing two hedge fund analysts, said late last week that Goldman Sachs and UBS are shopping around about $100 million in the tanker's revolver, looking to create a market for the debt before OSG needs to refinance early next year.