Use access key #2 to skip to page content.

FoxForce5contest (< 20)




April 04, 2013 – Comments (6) | RELATED TICKERS: BGCP

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

TheFoxForceSports Section-

 The Cubs are tied for first in the N.L Central with an impressive 2-1 record (this could be the year)


6 Comments – Post Your Own

#1) On April 04, 2013 at 10:33 PM, HarryCaraysGhost (77.10) wrote:

Report this comment
#2) On April 04, 2013 at 10:43 PM, HarryCaraysGhost (77.10) wrote:

Make sure to check out blestos mid weeklyupdate over on the Randomness board. 

Check out Bubba's hover cart in the first post, that thing is awesome.

Report this comment
#3) On April 05, 2013 at 12:49 AM, awallejr (56.95) wrote:

Go Cardinals ;p

Report this comment
#4) On April 05, 2013 at 1:22 AM, scruffy4life (89.83) wrote:

Scruffy used a naked put margin to turn his 40,000 shrs into $230,00 with a straddle.

Leverage is a cruel mistress..


Mmmm Hrmmmm!

Report this comment
#5) On April 06, 2013 at 2:54 AM, Starfirenv (< 20) wrote:

@#3-  "go Cardinals"...   not today jr. 

Short read...  or two.  

and speaking of Steve Miller,,,

Report this comment
#6) On April 06, 2013 at 9:50 AM, HarryCaraysGhost (77.10) wrote:

Sup Mark,

All I'm gonna say after reading those aticles -

Kinda puts me in the mood to pick up some more poor man's gold.

Might have to start bidding against Andy for those Silver dollars on E-bay.


Report this comment

Featured Broker Partners