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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Bear Down who wrote (5260)	4/7/2009 12:50:36 PM
From: RockyBalboa	Respond to of 6370

Here is a tiny one, typical AMEX manipulation AEN. Huge turnover and spinning alot, was briefly over 1. Only trigger I see is management has some options @1.59 or so and likely want to pull ahead the stock. Hard to borrow now as they sucked in lot of shorts already. Stock rises on "repurchase program" pfft. They must not bid up the stock per the regulation, $5 my ass. With what. Company has only 5M in cash. Zinc? Get our local zicam specialist! finance.yahoo.com ANN ARBOR, MI--(MARKET WIRE)--Apr 7, 2009 -- Adeona Pharmaceuticals, Inc. (AMEX:AEN - News), a specialty pharmaceutical company dedicated to the awareness, prevention and treatment of subclinical zinc deficiency and chronic copper toxicity in the mature population, today announced that its Board of Directors has approved a Stock Repurchase Program authorizing the repurchase, from time-to-time of up to $1 million of its common stock, up to a maximum of four (4) million shares at prices of up to $5.00 per share. The Stock Repurchase Program approved by the Board of Directors on April 3, 2009 is intended to remain in effect until December 31, 2009.

To: Bear Down who wrote (5260)	4/7/2009 1:42:15 PM
From: RockyBalboa	Respond to of 6370

This is a pig.. but I took some back anyways.

To: Bear Down who wrote (5260)	4/8/2009 5:31:35 AM
From: RockyBalboa	Respond to of 6370

See - this is the very last thing we need. But because of the brilliant success in preventing the crash, October 2008 the SEC warms up to the idea again: SEC is floating options to limit short sales Regulators floating options to restrict short-selling amid pressure from companies, lawmakers WASHINGTON (AP) -- Federal regulators are floating several options for reining in the practice of short-selling stocks, as investors, corporations and lawmakers clamor for restrictions on moves they say gutted vulnerable companies and worsened the market's downward spiral. Members of the Securities and Exchange Commission are meeting Wednesday to vote on new rules restricting short-selling, in which traders try to profit from a stock's decline by selling borrowed shares. Several proposals are expected to be put forward for public comment. The agency could settle on one plan and formally approve it sometime after the comment period. It marks the second time in less than a week that financial relief measures pressed by Congress were taken up by overseers. Last Thursday, the independent Financial Accounting Standards Board gave companies more leeway in valuing assets and reporting losses. Both sets of changes would especially benefit banks and other financial institutions, whose balance sheets have been battered in the financial crisis and whose stocks have often been targeted by short sellers. The SEC's move is the first major initiative by the agency under Chairman Mary Schapiro, who was appointed by President Barack Obama and assumed the position in January. Short-selling is legal and widely in use on Wall Street. The practice involves borrowing a company's shares, selling them, then buying them back when the stock falls and returning them to the lender. The short seller pockets the difference in price. Proponents of short-selling say it can make markets more efficient, bring in more capital and raise warning signs about weak or badly managed companies. But companies and regulators maintain that the practice widened the scope of the financial crisis and contributed to the collapse in value last fall of a number of bank stocks -- as well as the demise of investment bank Lehman Brothers. As the market has plunged, pressure has been building from investors and Congress for the SEC to reinstate the so-called uptick rule, which it abolished in 2007. The rule was established in 1938 during the Depression that followed the 1929 market crash. Those pushing for its restoration say the absence of the rule has fanned volatility in the market, prompting bands of hedge funds and other investors to target weak companies with an avalanche of short-selling. Professional short sellers and some analysts, on the other hand, have warned of possible negative consequences of restricting short-selling, maintaining that such a move could actually distort -- not stabilize -- edgy markets. The uptick rule requires short sellers to wait to sell shares until a stock trades at a price at least slightly above its previous trading price. The idea is to install "a bit of a speed bump in a declining market," Schapiro told reporters on Monday. Schapiro confirmed that another option being considered, in addition to reinstating the uptick rule, is a sort of "circuit breaker" for stock prices. That approach would force short sellers to sell shares above the going market rate when they execute a short trade -- it would only go into effect after a stock price has had a sharp decline by a certain amount. Another option, known as an upbid rule, would allow short sellers to come in only at a price above the highest current bid for the stock. Whatever changes are adopted won't stifle short-selling in a blanket way, Schapiro said. The SEC repealed the uptick rule in July 2007, when the stock market was near its peak. A test by the SEC earlier that year, removing the uptick rule for one-third of the stocks in the Russell 3000 index, found it could be eliminated without causing significant harm. "Those studies were done in quite a different time," Schapiro said Monday. Last fall, the SEC adopted measures aimed at imposing protections against abusive "naked" short-selling. That refers to sellers selling shares they haven't even borrowed yet, and then looking to cover positions immediately after the sale. In addition, some Wall Street firms have cut back on lending stocks to short sellers, The Wall Street Journal reported Tuesday. As a result, the number of stocks in which large blocks of shares haven't been properly delivered to investors has dropped to a daily average of 79 in the first quarter from 529 in the first nine months of 2008, according to the newspaper's analysis of trading data from major stock exchanges.

To: Bear Down who wrote (5260)	4/13/2009 5:21:10 AM
From: RockyBalboa	Respond to of 6370

MGM makes me dizzy, stock bids up a little. First this: UPDATE 2-Colony Capital, MGM Mirage break off talks - source Thu Apr 9, 2009 10:18pm EDT * MGM Mirage grapples with access to credit (Adds source close to the Colony/MGM Mirage talks) By Megan Davies NEW YORK, April 9 (Reuters) - Colony Capital LLC and MGM Mirage (MGM.N) are no longer in talks over a potential investment in the struggling casino company, a source close to the discussions said on Thursday. The source said while there were no talks going on now, the situation could change. The source did not want to be identified because the talks are private. MGM Mirage was not immediately available to comment. Representatives of Colony could not immediately be reached for comment. MGM Mirage, the no. 2 casino operator, is trying to find ways to service its $13.5 billion debt and fund payments on its $8.6 billion City Center project in Las Vegas. Controlled by billionaire Kirk Kerkorian, the company is grappling with weak consumer demand and reduced access to credit. [ID:nN06412127] A Wall Street Journal report quoted people familiar with the situation as saying MGM Mirage appears to be focused on negotiating a deal with its lenders. Australian gambling company Crown Ltd (CWN.AX) has also backed away from investing in MGM Mirage for the time being, the Journal reported. Crown said on Monday it was not in talks to invest in the Las Vegas project [ID: nSYU006301]. The project is owned jointly by MGM Mirage and Dubai World [DBWLD.UL]. (Reporting by Megan Davies and Grant McCool; Editing by Anshuman Daga) >>>>>>>>>>>> Then this: Dubai World offers MGM plan to save City Center - WSJ Fri Apr 10, 2009 7:03pm EDT Email \| Print \| Share NEW YORK, April 10 (Reuters) - Dubai World has offered a plan to save the struggling 67-acre City Center Las Vegas resort development and its relationship with partner MGM Mirage (MGM.N), the Wall Street Journal reported on Friday, citing people familiar with the proposal. The $8.6 billion Las Vegas Strip resort and casino development is in danger of shutting down, due to financing woes and a dispute between the joint owners, the Wall Street Journal reported. The new proposal calls for Dubai World, MGM Mirage and bank lenders to commit to the $3 billion needed to finish the project and remove any uncertainty about future funding, those people told the Wall Street Journal. The Journal said details of the proposal were not available, but a full funding commitment from all parties would likely mean that banks would forgo an earlier agreement to release a $1.8 billion loan only after MGM Mirage and Dubai World had put in more cash of their own. The arrangement would also preserve the project in the event of an MGM Mirage bankruptcy, the Journal reported. Earlier this week, talks between Colony Capital LLC and MGM, regarding a potential investment by the real estate private equity firm, broke off. MGM Mirage, the No. 2 casino operator, is trying to find ways to service its $13.5 billion debt and fund payments on its $8.6 billion City Center project in Las Vegas. Controlled by billionaire Kirk Kevorkian, the company is grappling with weak consumer demand and reduced access to credit. Australian gambling company Crown Ltd (CWN.AX) has also backed away from investing in MGM Mirage for the time being, the Journal reported earlier this week. Crown said on Monday it was not in talks to invest in the Las Vegas project. (Reporting by Ilaina Jonas; Editing by Jan Paschal)