closed: 8/26/2011 @ 4:37PM Update: Clearwire Says It Hasn’t Hired Restructuring Firm “Clearwire this afternoon said that it hasn’t hired a restructuring firm,and that it has enough liquidity to fund its WiMax operations for at least
another year. The broadband wireless network operator made the comments in response to a Bloomberg story yesterday which said the company had talked to Blackstone Group about possible financial res tructuring alternatives. Investors reacted to the news by selling Clearwire shares, apparently fearing that any financial restructuring could include replacing some debt with equity, and diluting current holders. Wells Fargo analyst Jennifer Fritzsche, in
a report I received from the company, asserted that the Bloomberg story is simply “factually
The $3.00 October 2011 $3.00 Call is selling for .50c I will happily take another 16.66% return in 1 month by selling the Call.
I anticipate CLWR going back over $3.00 Monday as news of this false report trickles through the Financial news
circuit. So, don’t panic, don’t get an ulcer watching the picks. You don’t have to watch the financial news shows. All they show is The Grand Illusion to manipulate your emotions and thereby control your actions. My system works. It is very hard to lose money IF you follow the system and don’t change anything. Remember no more than 5 or 10% goes into any single trade. Bonus Pick A reward for those wh o read down this far. Here is a Dividend paying stock that was passed along to me by a subscriber. (Thank you V!) it is a monthly payer which makes it one of my favorites. The dividend is “unqualified” which means it is taxed at your maximum rate, and also why I recommend DRIPing it in a ROTH account. ARMOUR Residential REIT, Inc.
(NYSE:ARR) @ $7.33
Dividend $1.44 (.12c monthly) 19.60% APR
Avg Vol (3m):3,437,840
Div & Yield:1.44 (19.60%
Industry: REIT-MTGE TRUST ENTERPRISE ACQ is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination, one or more operating businesses . Armour Residential REIT, Inc. invests mainly in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage backed securities issued or guaranteed by a U.S. Government – chartered entity.
Quote of the week: “Let blockheads read what blockh eads wrote.“
~ Warren Buffet Until Next Time Brad Lee The Options Oracle
Company News Disclosure: These are my actual trades Brad Lee AKA “The Options Oracle” and “The Money Medic” is an individual investor who does not manage money for any financial institution. You are purchasing the list of stocks that he uses to select options contracts he feels will return him the highest, safest profits. Brad is not a broker, or financial adviser. He is a remarkable investor who has developed a successful strategy for himself, and is willing to share some
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