Hold HAYZ - BK, but good!?? - Page 2

Prentiss · 05-12-2009, 10:07 PM

Originally Posted by Superfly

Seems like the dust has begun to clear Prentiss. Any thoughts on tomorrows movement/price?

Answer your question? Lol

Also, thread edited from a Hold to a Strong Buy.

Prentiss · 05-13-2009, 06:22 AM

I just really need to add, this is a risky play... so you will definitely want to take your invested funds off the table. The timing of that is completely up to you.
Play with the house's money... "free" shares.

Speedjunki · 05-13-2009, 08:24 AM

Sold 1/2 my position between .30 - .32. Bought 700,000 shares yesterday morning between. .10 - .12.

I obviously agree with you. This is a fear fake. They were only down 10% in revenue last year. HAYZ certainly needs to figure out how they make what they do at a profit though.

This could take a while. Certainly spikes throughout the day to be traded if you choose.

On the downside, I held 25,000 shares of MGM overnight because it missed my strike price by .03 last night. UGH...

Aaron · 05-13-2009, 08:51 AM

i shall throw a chunk of change on it prentiss... but know, know that i will knock your garbage cans over if this goes south.

XD

mikey · 05-13-2009, 11:43 AM

Hi all,

Fairly new to this all so just trying to make heads and tails of it all but what exactly is happening with HAYZ?

Can someone explain it please.

Thanks.

Prentiss · 05-13-2009, 12:36 PM

Okay fellas, I just sold outta my position... reason being, the whole damn market has the shivers! I still feel this is a buy, but I'm just going to sit back, watch, and wait for the market to stabilize a little bit before repurchasing. Everyone deciding to get in, or stay in, remember this is a risky play. They have filled Ch 11 so you never know what they may be forced to do to restructure their debt.

To add, if it drops into the low single digits, I'm buying quickly!

VicVan · 05-13-2009, 01:51 PM

Shares look worthless
The new loans will be converted 100% into new stock fully owned by the lenders
High risk - and - its already popped so prentis congrats. You always play these well.

But for others dont hold this thinking it will fly up as the stock is dead. Its literally a hospital pass / a ponzi scheme for the confused. Get your gains and run. This is a BK play.

Even a dead cat bounces. As seen yesterday from the main drop. This is a dead stock.

Yet check " Tenneco Inc.(Public, NYSE:TEN)"

Down 20% following sector - yet goldman sachs rated them a buy to $10 - WATCH FOR SURE

Aaron · 05-13-2009, 02:23 PM

no worries, no reason to get panicky, a play is a play is a play... this is what trailing stops are for. its a pretty bloody day across the bored :(

LUCKY · 05-15-2009, 11:39 AM

interesting....i knew the shares would go up. but why??? because there was a piece of news which they repeated from the previous news...i cannot believe people are buying into it!! the company's financial position hasnt actually changed at all, they just published the same news again. this is a good case study to learn from...

mikey · 05-16-2009, 04:23 AM

HAYZ had huge gains yesterday and finished up just under 22%.

However there has been a press release saying that they will be delisted from the NASDAQ on the 21st May.
Hayes Lemmerz International, Inc. - Hayes Lemmerz International, Inc. Receives Delisting Notice from NASDAQ

There is a lack of info on what happens to investors so was hoping someone here could explain it to me.
Once the 21st comes along, does it effectively mean your shares are worth nothing?
Is it a case of selling whatever you have and getting out of it asap?
Looking at the after hours trading it is down 6% butif it is a case of everyone losing there shares on the 21st then I would have thought that this would have dropped like a rock!

Would appreciate some advice.

05-13-2009, 06:22 AM	#12
Prentiss Busy Counting Stacks Join Date: Apr 2009 Location: Orlando Posts: 89 Favorites: See my thread... Rep Power: 148 Reputation: 2353	I just really need to add, this is a risky play... so you will definitely want to take your invested funds off the table. The timing of that is completely up to you. Play with the house's money... "free" shares. __________________ And I'm Your Favorite Investor's, Favorite Investor! XD http://www.thepictures.us/images/f4z...t7va50p91h.gif You follow my words, you will both MAKE and LOSE money JUST LIKE ME!
	1 thumbs up / 0 thumbs down. Rate this post \|

05-13-2009, 08:24 AM	#13
Speedjunki VIP Trader Join Date: Apr 2009 Location: Sun Valley, ID Posts: 25 Favorites: HAYZ LVS MGM Rep Power: 74 Reputation: 577	Sold 1/2 my position between .30 - .32. Bought 700,000 shares yesterday morning between. .10 - .12. I obviously agree with you. This is a fear fake. They were only down 10% in revenue last year. HAYZ certainly needs to figure out how they make what they do at a profit though. This could take a while. Certainly spikes throughout the day to be traded if you choose. On the downside, I held 25,000 shares of MGM overnight because it missed my strike price by .03 last night. UGH...
	Rate this post \|

05-13-2009, 08:51 AM	#14
Aaron UberTrader Join Date: Apr 2009 Location: hilo Posts: 137 Favorites: GNTA, ABTG, CNFO Rep Power: 144 Reputation: 2234	i shall throw a chunk of change on it prentiss... but know, know that i will knock your garbage cans over if this goes south. XD __________________ ~If you only do the things that you've always done, the only thing you'll get is exactly what you got.~ ^^that means try something different.. . . . . . . >>there goes the fidelity<<
	Rate this post \|

05-13-2009, 11:43 AM	#15
mikey Junior Trader Join Date: May 2009 Location: London Posts: 4 Rep Power: 50 Reputation: 10	Hi all, Fairly new to this all so just trying to make heads and tails of it all but what exactly is happening with HAYZ? Can someone explain it please. Thanks.
	Rate this post \|

05-13-2009, 12:36 PM	#16
Prentiss Busy Counting Stacks Join Date: Apr 2009 Location: Orlando Posts: 89 Favorites: See my thread... Rep Power: 148 Reputation: 2353	Okay fellas, I just sold outta my position... reason being, the whole damn market has the shivers! I still feel this is a buy, but I'm just going to sit back, watch, and wait for the market to stabilize a little bit before repurchasing. Everyone deciding to get in, or stay in, remember this is a risky play. They have filled Ch 11 so you never know what they may be forced to do to restructure their debt. To add, if it drops into the low single digits, I'm buying quickly! __________________ And I'm Your Favorite Investor's, Favorite Investor! XD http://www.thepictures.us/images/f4z...t7va50p91h.gif You follow my words, you will both MAKE and LOSE money JUST LIKE ME!
	Rate this post \|

05-13-2009, 01:51 PM	#17
VicVan UberTrader Join Date: Apr 2009 Location: London Posts: 666 Favorites: ANTO, GE, XL Rep Power: 241 Reputation: 4102	Shares look worthless The new loans will be converted 100% into new stock fully owned by the lenders High risk - and - its already popped so prentis congrats. You always play these well. But for others dont hold this thinking it will fly up as the stock is dead. Its literally a hospital pass / a ponzi scheme for the confused. Get your gains and run. This is a BK play. Even a dead cat bounces. As seen yesterday from the main drop. This is a dead stock. Yet check " Tenneco Inc.(Public, NYSE:TEN)" Down 20% following sector - yet goldman sachs rated them a buy to $10 - WATCH FOR SURE __________________ Always do your own research and make up your own mind on any stock. Top investors follow themselves, sheep get slaughtered. Any tip, suggestion or comment posted by me is simply a suggestion / prompt for you to make up your own mind. No liability will be accepted. Its not a professional view, its a suggestion. Shares go up and down. Always spread your investments, always set your stops both up and down. If shorting or Futures investing, know what your doing. You cant beat the sharks, but you can swim on their back. Trade lucky.
	Rate this post \|

05-13-2009, 02:23 PM	#18
Aaron UberTrader Join Date: Apr 2009 Location: hilo Posts: 137 Favorites: GNTA, ABTG, CNFO Rep Power: 144 Reputation: 2234	no worries, no reason to get panicky, a play is a play is a play... this is what trailing stops are for. its a pretty bloody day across the bored :( __________________ ~If you only do the things that you've always done, the only thing you'll get is exactly what you got.~ ^^that means try something different.. . . . . . . >>there goes the fidelity<<
	Rate this post \|

05-15-2009, 11:39 AM	#19
LUCKY VIP Trader Join Date: Apr 2009 Location: London Posts: 8 Favorites: AFR CFM LVS Rep Power: 82 Reputation: 806	interesting....i knew the shares would go up. but why??? because there was a piece of news which they repeated from the previous news...i cannot believe people are buying into it!! the company's financial position hasnt actually changed at all, they just published the same news again. this is a good case study to learn from...
	Rate this post \|

05-16-2009, 04:23 AM	#20
mikey Junior Trader Join Date: May 2009 Location: London Posts: 4 Rep Power: 50 Reputation: 10	HAYZ had huge gains yesterday and finished up just under 22%. However there has been a press release saying that they will be delisted from the NASDAQ on the 21st May. Hayes Lemmerz International, Inc. - Hayes Lemmerz International, Inc. Receives Delisting Notice from NASDAQ There is a lack of info on what happens to investors so was hoping someone here could explain it to me. Once the 21st comes along, does it effectively mean your shares are worth nothing? Is it a case of selling whatever you have and getting out of it asap? Looking at the after hours trading it is down 6% butif it is a case of everyone losing there shares on the 21st then I would have thought that this would have dropped like a rock! Would appreciate some advice.
	Rate this post \|

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