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I am starting a new thing as part of my new account here with Phil’s Stock World. That will be what I am going to call the Gamble of the Day. It will be for all you heavy risk takers that thrive on risking a lot for sizeable gains. I have never done this before, so it may take some time to get it into a nice system of success. But….let’s go for it.

The way it will work is I am going to pick a stock that I think can make considerable movement in after hours and gap up or down significantly that you can buy at the end of one day and sell the next day for some nice profits…I hope.

Filed under: Deals

While there are signs of a thawing of the credit crisis, the fact remains that getting financing for deals is no easy feat. Along those lines, HTLH Corp. (NASDAQ: HLTH) and WebMD (NASDAQ: WBMD) announced this week that they are terminating their $2.31 billion merger deal.

Interestingly enough, HLTH already has an 84% stake in WebMD. In other words, HLTH had lots of leverage in the proposed transaction.

But, of course, it wasn't enough.

HTLH Corp. (HLTH) and WebMD (WBMD) today terminated their merger agreement, in the latest casualty of the current credit crunch.

HLTH owns an 84% stake in WBMD; but WBMD was to be the surviving company. Terms of the deal had called for HLTH shares to be converted into 0.1979 shares of WBMD plus $6.89 in cash.

Martin Wygod, chairman of both companies, said in a statement that “in the current economic environment, it is important for a growth company like WebMD not to be encumbered by $650 million in long-term debt that would be coming due in 18 to 36 months.”