|
OT - ALU brokerage
decision
OT - ALU - Just wanted to chime in that it appears all
brokerages are now requiring clients to make a decision on their
ALU shares by dec. 18th. I called my brokerage and they were
nonchalant a couple of days ago, saying no such thing was required,
and now, voila, I've got an ALL CAPS notice that 'action is
required'. I *think* it was Jester who proposed that if you don't
call and agree, there'll be something that is likely equal to if
you did, e.g., you get an equivalent in $, or whatever NOK decides
to offer those who are 'holding out' (or really, I should probably
say foisting on, rather than offering - my brokerage says it may
well not be a voluntary exchange for your shares.)
Easiest thing seems, as is old news, accept the .55/shares
offer, and leave no uncertainty.
|
|
I just "particpated" with all of my ALU shares. NOK to
infinity and beyond! ;)
|
|
Author:
|
breinejm
|
|
Subject:
|
Off Topic
|
|
Sentiment:
|
Neutral
|
|
Date:
|
12/04/15 at 10:49 AM CST
|
|
Jon,
Or, to give a 'price' to that wish - NOK ($7.41) to Infinera
($22.41) and beyond. One can hope.
And so far, NOK has been something of a 'snooze alarm' stock:
Every now and then NOK releases a piece of progressive news, and
the stock jumps. But then the market goes back to 'sleep' mode
(e.g., no real participation in todays rally - while CIEN (+2%) and
INFN (+3%) are up nicely) until the next 'wake up' call.
I keep puzzling on whether and where to write calls on all 3 of
those. Obviously, today's expy is not 'playable'. I keep coming
back to the feeling (hope?) that next Thurs. CIEN will report good
numbers, and if so, there might be a positive bump in all 3 of
those stocks, if part of CIEN's report is taken as a healthy sign
for the sector. If CIEN disappoints, well, I'll feel rather
foolish for being greedy. *Somebody* likes CIEN - has appreciated
from ~$22 to near $25 in a short time - and while today's bid for
today's expy is $.02 cents. stke 25, next Friday's expy stk 25 is
around .89 cents.
|
|
Author:
|
Jam
ok
|
|
Subject:
|
Off Topic
|
|
Sentiment:
|
Neutral
|
|
Date:
|
12/04/15 at 1:55 PM CST
|
|
There is a ton of resistance in this area, if you look at
the one year NOK chart, back on April 30th 2015, when the ALU
acquisition was announced, NOK (and ALU) took a beating on very
high volume. The stock is bumping up against this resistance.
On the positive side, NOK is on the cusp of a golden cross
and the fundamentals will increasingly be on the mend for the
combined company, so I believe it is a matter of time before it
breaks through this level, even though the wait seems longer, but
then we all know that watching and waiting for some event, it
always seems as if time just stops or crawls.
The chart looks quite positive, it as it has repaired the
technical damage that took place on that April 30th day.
Link to chart:
finance.yahoo.com/ec...:true}
|
|
Author:
|
LongTerm
CapGains
|
|
Subject:
|
Off Topic
|
|
Sentiment:
|
Neutral
|
|
Date:
|
12/04/15 at 3:22 PM CST
|
|
I did a few days ago. The shares are in a sort of limbo,
you cannot sell them, except if you rescind your agreement to
tender them, but if you do and remain in the ALU domain, there is
no guarantee as to what will happen.
This is the first time I hold all the way through an acquisition
so it is all new to me.
|
|
Author:
|
LongTerm
CapGains
|
|
Subject:
|
Off Topic
|
|
Sentiment:
|
Neutral
|
|
Date:
|
12/04/15 at 2:47 PM CST
|
|
0
0
