Allstocks.com's Bulletin Board: ALOY's spinoff of DLIAV...what do you think Keithsan?

This is topic ALOY's spinoff of DLIAV...what do you think Keithsan? in forum Hot Stocks Free for All ! at Allstocks.com's Bulletin Board.

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Posted by Phoenixx on :

http://www.businessweek.com/ap/financialnews/D8EFJDLG0.htm?campaign_id=apn_home_down&chan=db

Looks like the ex date is next week..thinking about picking up some today.

Posted by Phoenixx on :

DLIAV actually hit 9 bucks a share this morning already...ALOY upticking a bit

Posted by Phoenixx on :

Btw, AFAIK, it's supposed to be 1 share of DLIAV for every 2 shares of ALOY you own.

Posted by keithsan on :

phoenixx,

sorry was busy at work. I cant pull the ex date off the nas site yet. I'll try to look at this a bit later.

check out UAMA for spinoff shares, no news super low float, at a bottom, just picked up a company. Its all in the 10q, i may post it when i get a sec.

Posted by Phoenixx on :

Took a glance at it..guess I need to dissect it line by line cause it seems they're talking about more than one company and/or spinoff in there.

Talking about the latest 10QSB on November 23rd?

Posted by Phoenixx on :

According to the press release, looks like the Nas says it's Dec 19th or 20th, I forget exactly. (Referring to the ex date). I picked up some ALOY shares before the bell. I figure if I can sell both before any big drop, I should come out alright..

Posted by keithsan on :

quote:
Originally posted by Phoenixx:
According to the press release, looks like the Nas says it's Dec 19th or 20th, I forget exactly. (Referring to the ex date). I picked up some ALOY shares before the bell. I figure if I can sell both before any big drop, I should come out alright..

saw that in the press release, just looking for official wording, makes me feel safer

Posted by Phoenixx on :

Well, havent gotten my shares yet. Neither have a bunch of other posters on the Yahoo board. One guy apparently shorted it at the price I bought at -- which of course was easy money for him considering the value of DLIA was subtracted from ALOY once the spinoff went through. Not a bad idea, that, shorting it --if I had a margin account anyway. Heh.

Posted by iiiqqqeg on :

is it good time to buy now?

Posted by Phoenixx on :

I dont know. Some of the longs on the Yahoo board feel it's undervalued at this price <shrugs>

I bought it for the DLIA spinoff. Hoping ALOY will go back up to $3.50 or more otherwise I'm gonna take a loss overall unless DLIA keeps rising. (which could happen)

edit: If I got my DLIA shares right now, at the current PPS of both ALOY and DLIA, I would almost break even.

Posted by Phoenixx on :

quote:
Originally posted by Phoenixx:
Well, havent gotten my shares yet. Neither have a bunch of other posters on the Yahoo board. One guy apparently shorted it at the price I bought at -- which of course was easy money for him considering the value of DLIA was subtracted from ALOY once the spinoff went through. Not a bad idea, that, shorting it --if I had a margin account anyway. Heh.

Actually, I guess shorting ALOY wasnt so smart for that guy. Another poster commented he's now short 500 shares of DLIA, which puts him like -$400 in the hole, considering he has to cover at Delia's rising price. It actually hit $9.85 today so far! woot! I'm grateful I dont have my shares yet ; maybe I can grab a better price.

Posted by Phoenixx on :

Well I sold my shares of ALOY and DLIA today for a grand total profit of...........

wait for it..........

drumroll please......

TEN BUCKS! (roughly)

lol..

Well, it was better than losing money. And I found it all by my little self... [Razz]

Looking to get back into ALOY possibly on a pullback to 2.60 range, maybe.