Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (38380)	6/28/2010 7:45:15 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78704

E-K_S - I think HFBC's secondary gas gone well. The offering price was defended in a crummy market which is good. I like that hedge fund sees what I am seeing and decided to get in as well. I am somewhat overweight this stock (3-4% of my portfolios), which is high given it's dinky nature. my plan is to peel some shares off, when HFBC bounces of the lows (10-20%) and let the rest roll and trade around the core position as I see fit. For those that are interested SHBI has filed a S3. In think the shares will be offered at 10-11$, probably close to 10$ based on prior experience. SHBI is a little more liquid than HFBC, so the offering discount should be less. I think if it prices below 11$, this is worth a shot too. I need to study the SEC files and FDIC records first, my knowledge is a little dated - this looked like a decent bank with somewhat of an asset quality problem a while ago.