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Microcap & Penny Stocks : Trading post-bankruptcy bounces -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (67)	6/8/2009 1:46:15 PM
From: RockyBalboa	Respond to of 93

Yes it is amazing that it really squeezed through 0.99 and reached 1s... there were about 15M shares offered and traded through at that price alone. I hardly believed that it goes through it, given that it failed at $1 on the day it filed...but... so be it.

To: Real Man who wrote (67)	6/8/2009 2:09:55 PM
From: RockyBalboa	Respond to of 93

hard to tell what people believe; but the CDS auction may be a turning point. GM $1 puts, good for just 10 days trade at 30c with the stock over 1.

To: Real Man who wrote (67)	6/8/2009 4:28:01 PM
From: RockyBalboa	Respond to of 93

.

To: Real Man who wrote (67)	6/8/2009 4:28:41 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 93

Trying to connect some dots: as it appears, Chrysler is a lost case if the sale to fiat falls through; high court blocked the sale. This is a clear positive for GM. Perhaps Chrysler gets completely undone in the process; to eliminate capacity as earlier suggested. >>>>>>>>>>>>>>>>>>>>>>>>>>> High court blocks Chrysler sale to Fiat Justice Ginsburg delays Chrysler sale to Fiat On Monday June 8, 2009, 4:18 pm EDT Buzz up! Print WASHINGTON (AP) -- Supreme Court Justice Ruth Bader Ginsburg has temporarily delayed Chrysler's sale to Fiat. Ginsburg says in an order Monday that the sale is "stayed pending further order." The action indicates that the delay may only be temporary. Chrysler has said a delay could scuttle the deal. A federal appeals court in New York had earlier approved the sale, but gave opponents until 4 p.m. EDT Monday to try to get the Supreme Court to intervene. Ginsburg issued her order just before 4 p.m., when Chrysler would have been free to complete the sale of most of its assets to Fiat. Ginsburg could decide on her own whether to extend the delay or ask the full court to decide. It is unclear when she or the court will act.

To: Real Man who wrote (67)	6/12/2009 8:43:28 AM
From: RockyBalboa	Respond to of 93

Pre-CDS auction sightings: Stock dropped a little bit in Europe; yesterday people got nervous and also sold the bond dreck downto $1 and $0.60 (4% or 2.4% of notional value). Bonds are, well bid, offered at 2.4% / 20%; but with most trading at 12%, place your bets! my CDS results bet is 9.25% (+ / - 0.75%)

To: Real Man who wrote (67)	6/12/2009 9:04:00 AM
From: RockyBalboa	Respond to of 93

RH Donelley (RHDC.pk), a relatively massive issue with 10B in affected debt but only a small amount in CDS - here is auction result from June 11th: 4.875% and some bonds to sell because of physical settlement requests creditfixings.com Final Results of the R.H. Donnelley Corp. CDS Auction, 11th June 2009 Final Price: 4.875 On 11th June 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the R.H. Donnelley Corp. auction administered by Creditex and Markit to settle trades across the market referencing R.H. Donnelley Corporation . The R.H. Donnelley Corp. Deliverable Obligations are denominated in USD. Relevant Currency USD Auction Currency Rates USD/USD 1.00000 The inputs and results are detailed below. Dealer Inside Markets Dealer Bid Offer Dealer Bank of America / Merrill Lynch 3.5 5.5 Bank of America / Merrill Lynch Barclays 3.5 5.5 Barclays BNP Paribas 4.25 6.25 BNP Paribas Citibank 3.5 5.5 Citibank Credit Suisse 4.25 6.25 Credit Suisse Deutsche Bank AG 4 6 Deutsche Bank AG Goldman Sachs 3.75 5.75 Goldman Sachs JPMorgan Chase Bank, N.A. 3.5 5.5 JPMorgan Chase Bank, N.A. Morgan Stanley 3.5 5.5 Morgan Stanley The Royal Bank of Scotland 4.5 6.5 The Royal Bank of Scotland UBS 4.25 6.25 UBS Inside Market Midpoint: 4.875 Adjustment Amounts No adjustment amounts. Physical Settlement Requests THe CDS business must be very small, actually. 335MM is a pittance compared to the outstanding debt of the company. Perhaps, a lot of contracts have been torn up already. >>>>>>>>>>>>> R.H. Donnelley CDS worth 4.875 pct in auction NEW YORK, June 11 (Reuters) - Credit default swaps insuring the debt of yellow-pages publisher R.H. Donnelley Corp recovered 4.875 percent in an auction held on Thursday to determine the contracts' value, said auction administrators Markit and Creditex. That means that sellers of protection on the company's debt will need to pay buyers 95.125 percent of the amount of protection sold, or $9.51 million per $10 million of insurance. Payments on R.H. Donnelley's CDS were triggered after the company missed an interest payment on its debt in April, and failed to make the payment within its 30-day grace period. The company filed for bankruptcy protection on May 29. Net volumes of around $335 million are outstanding in CDS on R.H. Donnelley's debt, according to the Depository Trust & Clearing Corp. (Reporting by Karen Brettell) ((karen.brettell@thomsonreuters.com; +1 646 223 6274; Reuters Messaging: karen.brettell.reuters.com@reuters.net )) Keywords: RHDONNELLEY AUCTION/ <<<<<<<<<<<<<<