Owner: ryanhegs.com - Huge Profit, Little Risk URL:http://www.ryanhegs.com Join Date: Tue, 31 Jul 2007 19:59:16 -0500 Rating:0 Site Description: This blog is perfect for anyone with a few hundred or a few thousand dollars to invest. This blog uses arbitage opportunities in small companies to make profits with little risk. Topics of business, marketing, and technology are also discussed. Site statistics:Click here
Citizens Bancorp Update (CZBC) 2008-01-22 17:59:30 According to this December 20 8-K, Citizens
Bancorp (CZBC) voted in favor of the reverse split. Looks like I should be expecting my $23.50/share anytime, although it could take a while (as was the case with Harold’s Stores). This will make me a few hundred. I bought the stock at $20.55/share. It has since dropped [...] Read more:Update
Magstar Update (MGST) 2008-01-22 17:44:58 I haven’t paid much attention to Magstar Technologies (MGST) since I bought the stock in December for $0.28/share. It has since gone up to $0.40/share. It appears that they have changed the date of the reverse split to February 5, at which point my shares will be bought for $0.425/share. I’m tempted to sell now [...] Read more:Update
Bought More Allscripts (MDRX) 2008-01-16 22:58:23 Allscripts (MDRX) has taken quite a beating in the last month or two. I took this opportunity to purchase more shares today at the lowest price I’ve bought them yet ($16.20). I wish I would have picked them up at the day’s low of $15.97, but I’m happy with my purchase as the stock closed [...]
Movement with Harold’s Stores (HLDI) (HRLS) 2008-01-09 20:40:28 Good news! Looks like we are finally seeing the expected action with Harold
’s Stores (HLDI). Looks like Harold’s Stores ticker has changed to HRLS. My 999 shares are now listed as HLDI# (changed to HLDI.C1 on 1/10/08). Should get my $300 fairly soon.
My original post on HLDI.
Sold Oregon Pacific Bancorp (OPBP) 2008-01-08 19:33:34 Today I sold all of my shares of OregonPacific
Bancorp (OPBP). In my previous post I thought I had found a good arbitrage opportunity; however, as Jim pointed out in his comment, the reverse split would not do any good for me as my shares were held in “street name” (by Scottrade). Fortunately [...]
Bought more Allscripts (MDRX) 2008-03-18 18:43:12 I purchased more Allscripts (MDRX) yesterday (Monday, March 17) at $8.80/share. I’ve owned Allscripts for over 2 years now and it has been an interesting ride. I felt that $8.80 was cheap compared to where it has traded lately. I have to be honest…I probably didn’t research the desision as well as I should have. [...]
Oops…CZBC 2008-03-18 18:32:52 A week or so back I was double checking a few of my trades and decided to look into Citizen’s Bancorp (CZBC) as I did not have any movement with it. Come to find out I did not do my homework well enough…I had to be a shareholder of record. So a week or so [...]
Bought Jaclyn, Inc. (JLN) 2008-04-09 22:37:30 On Monday, I purchased 199 shares of JLN for $7.60/share. On May 7 shareholders will vote on a 250:1 reverse split (read the DEF14). Fractional shares will be bought for $10.21/share. A special thanks to Matt for pointing out this opportunity back in December. I had forgotten about it and was recently reminded of it [...]
Allscripts (MDRX) Merger with Misys (MSY) 2008-04-14 23:35:42 On March 17 I purchased more shares of Allscripts (MDRX).Little did I know, the next day they would announce a merger with Misys, a british company that offers a similar service. If the merger goes through Allscripts will triple the number of physicians that use them (150,000 physicians or 1/3 of all U.S. physicians).
As [...] Read more:Merger
Sold Critical Path (CPTH) 2008-04-14 23:06:30 Whenver I make an buy in an arbitrage play I always immediately create a limit order to sell the stock slightly lower than the cash-out price. This way, in the event that the stock price jumps considerably, I am able to get my money out a month or two sooner (to re-invest) and I only [...]
JLN Conditions 2008-04-29 21:41:36 The JLN reverse split arbitrage opporunity is beginning to sound a little more risky. JLN recently reminded us of the conditions of the arrangement in an 8-K dated April 25. Below is some selected text from the statement:
The Company’s notice to the AMEX of voluntary delisting was conditional. As announced previously by the Company, the [...]
Thank You Readers! 2008-05-05 22:47:39 I just wanted to say thank you to the many vistors to this site. I never anticipated the readership of this blog to grow as it has. I started this blog nearly one year ago - more or less just to keep a record of my investing and occasionally share some ideas. In the last [...] Read more:Thank
Movement with Critical Path (CPTH) 2008-05-06 21:36:52 There has been movement with the Critical Path (CPTH) shares in my Scottrade account. It will only be a matter of time before I receive the cash ($0.102) for each share (purchased at $0.076). I’m not overly excited about this movement because, I already sold 12,500 of my 13,000 shares for $0.10/share a month ago. [...]
MDRX Limit Order Fulfilled 2008-05-06 21:30:07 In a recent post I explained the upcoming Allscripts merger and that I was considering purchasing more shares. At the time of that post I made a limit order for more shares. That order was fulfilled on May 1 at $10.38/share. In the subsequent few days it has increased to nearly $12/share. I believe that [...] Read more:Order
, Limit
JLN Update After the Meeting 2008-05-08 06:36:42 As you are all aware May 7 was the date of JLN’s shareholder meeting. From what I can tell everything has gone according to plan. After the meeting they filed a notification of their voluntary withdrawl of their shares from listing and registration. This notification does not detail the terms of the withdrawl, but it [...] Read more:Update
Jaclyn (JLN) Moving Right Along 2008-05-09 21:50:31 Good news! The JLN transaction seems to be moving right along. My shares in Scottrade are now listed as JLN.C1. Now it is just a matter of time for those shares to be delivered out and my cash (at $10.21/share) to be deposited in my account. Congratulations to everyone anyone else who took part in [...] Read more:Moving
, Right
Arbitrage Progress Report 2008-05-18 22:05:35 Today I decided to go through my arbitrage investments see exactly how I have done. In the last two years I have done 11 arbitrage plays. Of these 11 plays two did not work out (one of these two would have if I held onto the shares) and two are still in progress (one an [...] Read more:Arbitrage
JLN Again 2008-05-19 18:39:01 As most of you already know, it appears that we are in the clear with JLN. It was announced today that JLN will now be listed on OTC.. It will be some time, but the money will be coming.
Before that news was announced I was going to point to the May 15th 10-Q to support [...] Read more:Again
The Future of ryanhegs.com 2008-05-21 22:59:39 Before I get into my thoughts I’d like to share the comments that prompted this post:
Arby: These deals used to work until every blogger in the world started promoting them. The death of these deals is too many people trying to game the system. By blogging about them you’re only hurting yourself.
Broken: Also, if [...] Read more:Future
JLN Cash-out Received 2008-05-23 11:32:18 I lost my internet connection for a while, so I was unable to post until now. I received the JLN cash-out yesterday evening through Scottrade. Sounds like several others have as well (Bank of America). I’ve got the same question as OrenB…did anyone purchase after the meeting or after some of the paperwork was filed? [...]
Members Only Section Available - Apply Now! 2008-05-26 02:09:14 I just spent the last few hours throwing together the members only section of the site. It is a work in progress, but I think everyone will be pleased. Currenty it features a discussion board for members to toss around ideas and advice. In order to become a member you will need to complete a [...] Read more:Members
, Section
FBSI Arbitrage 2008-05-28 22:36:08 If you haven’t been paying attention to the comments, this post is for you. For the last 10 days we’ve been talking about the next potential arbitrage play in the comments (not by name until recently). For many of you this has already come across your radar. If it hasn’t, or if you are looking [...] Read more:Arbitrage
Members Only Section Available - Apply Now! 2008-05-26 02:09:14 I just spent the last few hours throwing together the members only section of the site. It is a work in progress, but I think everyone will be pleased. Currenty it features a discussion board for members to toss around ideas and advice. In order to become a member you will need to complete a [...] Read more:Members
, Section
JLN Cash-out Received 2008-05-23 11:32:18 I lost my internet connection for a while, so I was unable to post until now. I received the JLN cash-out yesterday evening through Scottrade. Sounds like several others have as well (Bank of America). I’ve got the same question as OrenB…did anyone purchase after the meeting or after some of the paperwork was filed? [...]
The Future of ryanhegs.com 2008-05-21 22:59:39 Before I get into my thoughts I’d like to share the comments that prompted this post:
Arby: These deals used to work until every blogger in the world started promoting them. The death of these deals is too many people trying to game the system. By blogging about them you’re only hurting yourself.
Broken: Also, if [...] Read more:Future
JLN Again 2008-05-19 18:39:01 As most of you already know, it appears that we are in the clear with JLN. It was announced today that JLN will now be listed on OTC.. It will be some time, but the money will be coming.
Before that news was announced I was going to point to the May 15th 10-Q to support [...] Read more:Again
Arbitrage Progress Report 2008-05-18 22:05:35 Today I decided to go through my arbitrage investments see exactly how I have done. In the last two years I have done 11 arbitrage plays. Of these 11 plays two did not work out (one of these two would have if I held onto the shares) and two are still in progress (one an [...] Read more:Arbitrage
Jaclyn (JLN) Moving Right Along 2008-05-09 21:50:31 Good news! The JLN transaction seems to be moving right along. My shares in Scottrade are now listed as JLN.C1. Now it is just a matter of time for those shares to be delivered out and my cash (at $10.21/share) to be deposited in my account. Congratulations to anyone else who took part in this [...] Read more:Moving
, Right
JLN Update After the Meeting 2008-05-08 06:36:42 As you are all aware May 7 was the date of JLN’s shareholder meeting. From what I can tell everything has gone according to plan. After the meeting they filed a notification of their voluntary withdrawl of their shares from listing and registration. This notification does not detail the terms of the withdrawl, but it [...] Read more:Update
Movement with Critical Path (CPTH) 2008-05-06 21:36:52 There has been movement with the Critical Path (CPTH) shares in my Scottrade account. It will only be a matter of time before I receive the cash ($0.102) for each share (purchased at $0.076). I’m not overly excited about this movement because, I already sold 12,500 of my 13,000 shares for $0.10/share a month ago. [...]
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