TRID Delisting Postponed, Price continues to collapse
TRID is not getting delisted at this time.
Possible reasons are
1. TRID provided evidence that they were definitively prepared to resolve
2. NASD would set a dangerous precedent
TRID seems to be doing one of 2 things: timing their announcement or calling the NASD bluff. I'd like to think that TRID wants to resolve this at their quarterly earnings release.
At the same time, they could just be playing on the NASD reluctance to delist. There are plenty of other companies in exactly the same situation and once NASD starts, it will be difficult to stop.
I am waiting and hoping that I am not throwing away money
Possible reasons are
1. TRID provided evidence that they were definitively prepared to resolve
2. NASD would set a dangerous precedent
TRID seems to be doing one of 2 things: timing their announcement or calling the NASD bluff. I'd like to think that TRID wants to resolve this at their quarterly earnings release.
At the same time, they could just be playing on the NASD reluctance to delist. There are plenty of other companies in exactly the same situation and once NASD starts, it will be difficult to stop.
I am waiting and hoping that I am not throwing away money
posted by Andrew at
6:54 AM
7 Comments:
Jeez! This is getting really painful for all TRID shareholders I am sure. This mgmt is just shit! I wish I hadn't invested! Forget the gains or the loss, just the callous mgmt attitude is appalling!
I don't know what to do here. I have too much money tied up already in TRID to average down even more.
I'm willing to roll the dice on what I have because the company's performance is solid, even if the way they are handling this situation is less than pro-shareholder.
That is, do I buy even more TRID calls or do I stop and take a walk around the block?
I will also say that TRID is very much outside the model that I typically use. However, I felt strongly enough about the product and market that I was willing to take the risk. After 1 year, that risk has not paid out yet.
Ok - having considered this further, this is another buying opportunity for longer term investors.
The company isn't going to get delisted. Analysts will suddenly call TRID a cheap company right after their own firms have re-bought.
But assuming no delisting, a forward P/E of 12 for a company growing 40%+ - that's a bargain.
Calls are clearly in favor. Open interest for january options 2600 calls and 1700 puts.
Today's activity is 1600 call contracts and 170 puts. Smart money is betting on a bump by january. Biggest bets are for $22.50. Watch the smart money - a few million dollars was just bet that TRID will be around $23+ in 6 months
I agree its not going to get delisted, however its still risky to buy. Facing the age old question.. "to buy or not buy".. will watch the next 2 days.
I put an order in for January 08 calls. 25 contracts, strike price 17.50.
Limit order $2
Not sure if I got them or not
seems you should have got your calls.. I am also buying the same calls...are 1.9$ now..
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