iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,416 Blog Posts

LFC Lock-Up Due to Expire

According to an SEC document from January of 2007, a fuckload of [[LFC]] stock will be “unlocked” for sale, starting this week.

Under the A Share Issue, 600,000,000 A Shares that have been placed with the strategy investors will be subject to a “lock-up” period of 12 months from the date of commencement of trading of the A Shares that are subscribed through on-line issue on the Shanghai Stock Exchange; 300,000,000 A Shares that have been placed with the target placees off-line will be subject to a “lock-up” period of 3 months from the date of commencement of trading of the A Shares that are subscribed through on-line issue on the Shanghai Stock Exchange.

The shares coming from under lock-up are overseas, but may still have an adverse affect on the NYSE listed shares.

Within the index tied to the [[FXP]], LFC is the third largest component.

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29 comments

  1. TraderCaddy

    I hear its Mao Tse-tung’s widow selling the shares.

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  2. mdawsz

    I have a Winnebago full of FXP.

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  3. Woodshedder

    Fucking A, that’s awesome Fly. Thanks. Just when I was thinking about taking some profits on FXP.

    By the way, have you seen Tarantino’s Death Proof? Great fucking movie.

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  4. phatfriday

    at least goatfucking is still legal in Florida.

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  5. howard lindzon

    Chinese drink green tea and live forever making LFC even more profitable than buffet owned insurance companies.

    cats also good for long life

    600 million shares is nothing

    If you believe that I have some florida condos for you

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  6. nncoco

    Nice.

    Wish I had the time and the stones to be in that trade.

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  7. ottnott

    Total shares issued is about 28 billion.

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  8. JakeGint

    Fuck! Just when Hillary needs to raise some extra bean, too!

    Tsk! Tsk!

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  9. howie

    Hidy Ho- Mr. Fly : ) !

    Is their any way that we can have a stock investing example preformance portfolio for you and the guys here this year, i think it would be super swell…you think? say something like a 25 k 1 month trading folio, and a longer 100k quartly one….you make the rules…how anout it gang? konda like the bearstein ladies..

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  10. BOOMER

    HWAY breaking out

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  11. BOOMER

    Just covered 1000 CROX at 29.38! Close enough to $28 for me!

    Now, just waiting for SBUX to 12

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  12. Alvari40

    Over the weekend, I posted my thesis re: Basics potentially falling off a cliff given their runup last year, sturdyness given the weakness in the market, soft economy showing up in employment numbers, and overbought stocks on daily, weekly, and monthly charts.

    I have gone long smn, short iym, short fcl, short rti, and short oln. I have already added to my short iym and fcl position this morning. Worth a look guys.

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  13. Alvari40

    Just added to my long SMN position.

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  14. gappingandyapping
    gappingandyapping

    X is about to be destroyed, get on the short bus!

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  15. BOOMER

    SLD 12k BOOM.. She’s toast

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  16. Pudfucker

    The NAZ was down 5.6% in 3 days last week. At that pace, it will only take a few months to hit 0.

    That it couldn’t bounce today is scary.

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  17. gappingandyapping
    gappingandyapping

    X is my biggest short by the way since 116.34 so it must DIE! Second biggest is DUG.

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  18. BOOMER

    Shorting BOOM here.

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  19. calvino

    ‘Now some of you may think the market is oversold, theat the bear is long in the tooth. Fuck you. I don’t think so.’ Fly

    That put things very clearly for me and I like that plain way of speaking.

    That’s great alvari, i like the hindsight trades. I, however gave you doodoo bidu, jrjc and crm starting last week and repeating it yesterday. Pay your obeisance.

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  20. gappingandyapping
    gappingandyapping

    Boomer short BOOM here? When should I look to bid for it?

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  21. BOOMER

    gone too low. wait for rise. will see 200 day easy. this is a bear market. growl.

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  22. BOOMER

    covered 500 53.98

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  23. BOOMER

    i dont remember seeing BOOM behave like that ever. someone wanted out. someone with a lot of shares. damn, thinking about going long again. but crap, i am not thinking straight. gotta go for a walk.

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  24. gappingandyapping
    gappingandyapping

    Trend of everything is starting to turn lower. Its much harder to turn longer term trends. I am sticking with my 75% short bias.

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  25. Pudfucker

    Even the retarded ag and fertilizer stocks are getting puked up. Short term trading bottom must be getting close. But then, I thought that Friday, so who the fuck knows.

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  26. Doug Kass

    Hey JJ—

    Has SWC bottomed here yet or should I wait a little longer?

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  27. newequity

    short BOOM this morning and long RIMM at 97.

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  28. WildWestie

    Sold my 100 MVIS Mar 2.50 calls for break-even. Stock now free to skyrocket.

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  29. JakeGint

    Cubes at $48.70 is a gift from God, if it gets there.

    Act accordingly and attend a service of your choosing upon taking profits.

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