What up my fellow Foxies,
And welcome to a frenetically traded version of TheFoxForceJounal.
Our featured stock is BGC Partners Inc. picked by FoxForce5contestant 2trpop for a stock gain of +20.47%
And yes! TheJournal did take note of the spike which put BGCP from bottemfeeding in the contest to knocking on the door of the top ten.
Please bear with TheJournal as we take a look at some of the pin action of the spike.
3/28/13 $4.23 Open $4.16 Close 907,100 Volume
4/1/13 $4.19 Open $3.85 Close 3,552,000 Volume
4/2/13 $5.42 Open $5.72 Close 28,069,900 Volume
4/3/13 $5.67 Open $5.56 Close 8,366,700 Volume
Now far be it for TheFoxForceJournal to insinuate that the big boys in finance shorted the stock down to $3.85, put in massive buy orders based on inside information selling their stake at $5.72 thus raking in billions of profit in one days work.(No HFT here either, nosireebob)
That would never happen... were talking about the financial sector. A true pillar of honesty, and great contributor to our society. So please scrub your brain clean of such controversial thoughts (Scrub, rinse, lather, repeat))
For whatever reason TheJounal cannot post a pdf with details of the deal here at The Fool (I suppose we are a rival publication) but heres my thoughts.
Selling a big chunk of the trading platform to OMX for $750M, plus future stock considerations. Deal does not look bad for stockholders and employees as they inferred that they would be passing some of that cash along. Now our founder HarryCarysGhost tends to say when you get a nice spike on a penny stock it's not a bad idea to make like Steve Miller and-
Go on, take the money and run...woo,woo,woooo.
If 2trpop had purchased $1,000 on 8/22/12 @ $4.86
Thats 206 shrs worth $1,135 at todays close of $5.51.
Throwing in a .12 dividend on 11/14/12 and 2/27/13 adds another 49 beans for a grand total of $1,184 (note all figures rounded to nearest dollar)
Now Scruffys 40,000 shares are worth- $230,00
The Cubs are tied for first in the N.L Central with an impressive 2-1 record (this could be the year)
STAY FOXY MY FRIENDS.