Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
don't know
why the big drop?
GM set to file for Chapter 11 on June 1: report
SAN FRANCISCO (MarketWatch) -- General Motors Corp. will file for Chapter 11
bankruptcy protection on June 1, Bloomberg News reported Thursday on its Web
site, citing people close to the matter. In the filing, GM will seek to sell most
of its assets to a newly formed company while getting financing from the U.S.
Treasury, according to Bloomberg. Earlier this year, the White House gave GM a
June 1 deadline to either come up with a viable plan that would return the
company to financial stability, or reorganize under bankruptcy protection.
SQNM ? -> chart
Thanx missed it to post it in the ibox :)
great pick again baggeee'
FRPT is hot!
what are looking now amigo' ?
perhaps to late - watch ABIO
but the golden cross is coming
another good place to check - THE CORNER
for pinkies and BB's
http://investorshub.advfn.com/boards/board.aspx?board_id=6198
you may follow this link Baggy'
http://seekingalpha.com/author/mike-havrilla/articles/latest
okidokiiii ..well started as i can see ' !
thank this was trade 1 from 273 to 1 Million from 5000$
very nice CALL again Bagger' !!!
congratz again, again & AGAIN !
OUR stock CPE is 33% now up!
READ THIS amigo' ! Counterfeit Stock and Naked Short Selling: A Wall Street Confessional
May 6th, 2009 at 5:00 am Posted by The Dean
Dear Students
Rarely a day goes by that I don’t read about insider trading with counterfeit shares, and now more than ever, investors everywhere need to hear the truth about naked shorting, counterfeit shares, and experience Wall Street’s crooked underworld for what it really is.
mario-pino-bancorp-international-penny-stockSome deny the existence of counterfeit shares, but I have first-hand experience otherwise: In my early days as a stock promoter, I pocketed the quickest $50,000 of my life in the most blatant case of counterfeit shares on Wall Street.
For the past four years I’ve kept my mouth shut for fear of prosecution. Only now, under cloak of anonymity, am I willing to share my experiences in the shadows of Wall Street.
It started in January 2005, when in the midst of my daily cold calling to microcap CEOs, I dialed the number to Mellon Research (MLON), a pink sheet listed investment bank located just 15 minutes away from my office. I had a long conversation with Mario Pino, the CEO of Mellon Research at the time, and the following day we met at his office in Mesa, Arizona.
Mario Pino told me about Mellon Research and how he was taking 6 private companies onto the pink sheets in the first quarter of 2005. He could tell I was a good salesman on the phone and he asked if I’d like to join his team full-time (while still promoting my penny stock promotion deals on the side). He convinced me with the equivalent of $20,000 in free-trading shares of common stock in 3 of his current penny stock deals that were all trading on the pink sheets, and the next morning I arrived at his office minutes before the opening bell to start my new job at Mellon Research.
His so-called “investment bank” turned out to be a complete stock market scam. Mario Pino assigned me a job of cold calling pink sheet executives and telling them that Mellon Research (purposely named after Mellon Bank) was very interested in financing their company. The terms offered by Pino were always to get $5 million in free-trading shares of each pink sheet penny stock in exchange for $1 million cash. Mellon Research used Rule 504 of Regulation D for all their financing, which is basically a way to receive free-trading stock in any pink sheet company at a steep discount to market prices. Needless to say, I didn’t have it in me to defraud these pink sheet executives into accepting the horrific financing terms so I quit working at Mellon Research after two weeks.
Then in late June 2005, a full 6 months after I quit working at Mellon Research, I got a call out of the blue from Mario Pino. He wanted me to promote the pink sheet stock Bancorp International Group (BCIT), which he told me was his latest penny stock promotion. Bancorp International Group was trading for $0.002 so it was technically a sub-penny stock that had just issued a news release about an “exclusive agreement” with the Venezuelan Government. I had a feeling that something wasn’t right about this particular penny stock, but I decided to promote it nonetheless. I told Pino that I wanted 50 million shares in free-trading common stock (worth $100,000) and he willingly obliged and told me to stop by the office the following day to pick up a stock certificate.
naked-short-selling-and-counterfeit-stockThe following morning, I showed up at his office very early in anticipation of a big payday. He handed over the 50 million share stock certificate for Bancorp International Group, after conspicuously placing itinto a manila folder. He advised me “not to tell anyone about this” and I didn’t… until now.
I raced right to the nearest Scottrade branch to deposit my stock certificate in Bancorp International. I expected to begin selling my shares in the penny stock company the following day, and was surprised when I received a phone call from Scottrade that same afternoon.
Apparently, the stock certificate for Bancorp International given to me by Mario Pino wasn’t “DTC Certified” so Scottrade wouldn’t accept it. After racing back to the Scottrade office to reclaim my stock certificate I called Mario Pino to try and get an explanation. He told me the certificate was fine, and he even put his transfer agent on the phone with me, who I recognized as one of my old co-workers from Mellon Research.
She told me to call a very small broker/dealer in NYC who would “take care of everything”. Sure enough, they accepted my stock certificate in good faith and I began selling my shares of the penny stock immediately. My sales alone caused the penny stock to drop by over 50% because it was so illiquid, and in that single day my net proceeds exceeded $50,000 cash.
Mario Pino called me every single day for the next two weeks to get an update on my campaign efforts, but after a while the calls stopped. Then on August 1, 2005 Bancorp International Group issued the most disturbing press release I’ve ever seen. They withdrew their previous statements about the “exclusive agreement” with the Venezuelan Government and informed the public that a 3rd party had hijacked the company by issuing nearly 50 counterfeit stock certificates. As you could imagine I didn’t sleep much at all that night, figuring I’d get a call from the SEC at any moment inquiring about the Bancorp International stock certificate I’d just sold, which was apparently a counterfeit.
To my relief, the next day passed without any inquires, though each passing minute felt like an eternity. Then, would you believe it? The next day went by completely without incident. Then another. Before I knew it the leaves were changing colors and I was celebrating the greatest unintended financial heist on my life! I became obsessed with reading every single thread on the Bancorp International message boards at investorshub.com and yahoo finance. There were dozens of angry investors wondering where their money had gone, and I felt only the slightest pangs of guilt for taking their money becuase, after all, I am a penny stock promoter.
Then On December 8, 2005, Bancorp International Group announced a settlement with 13 individuals and the shady stock broker that had accepted the scam stock certificate. Everyone involved had agreed to give up all ill-gotten gains made from the sale of counterfeit stock certificates issued in the name of Bancorp International Group.
At exactly this point I was officially the happiest person on Wall Street because, in my mind, it meant that nobody would be looking for me. The case had settled, and somehow I was the sole stock promoter able to slip through the cracks and keep $50,000 cash from the sale of a counterfeit stock certificate.
Now here I am, 4 years later, still holding onto the proceeds (net of taxes) that I’d earned simply by depositing a counterfeit scam stock certificate at an illegitimate stock brokerage house and selling 50 million shares of Bancorp International Group that didn’t even exist. As for Mario Pino, he eventually went to jail on unrelated charges and perhaps that means that justice was served. And believe it or not the “transfer agent” (AKA my old co-worker at Mellon Research) went on to become the Chief Financial Officer of another questionable penny stock company known as Card Activation Technologies (CDVT).
As for me, I still do consulting work for various penny stock companies and accept shares of rule 144 restricted stock as compensation. While my business model has adapted quite well over the years, I’m still confronted on an almost daily basis by crooked penny stock executives looking to unload shares of stock in their own company, and these constant stock scam propositions will always be a gut-wrenching reminder of the time I sold shares of a penny stock that didn’t even exist.
Add to Del.icio.us Add to digg Add to Stumble Upon Add to Technorati
http://collegestock.com/blog/penny-stock-confessional-counterfeit-stock-in-the-shadows-of-wall-street/
wow nice i think the Q´s could run...
a bit to late' ! SHSNQ
the company has announced that they were emerging from bankrupty
Kenny's Technical Analysis Blog
http://kennystechnicalanalysisblog.blogspot.com/2009/05/market-update-may-8th-2009.html
on ewatch for monday SOLF, CPE
nice postings thanx
Fed Sees Up to $599 Billion in Bank Losses
Worst-Case Capital Shortfall of $75 Billion at 10 Banks Is Less Than Many Feared; Some Shares Rise on Hopes Crisis Is Easing
A MUST READ
http://online.wsj.com/article/SB124172137962697121.html#project%3DSTRESSTESTDOCS0905%26articleTabs%3Darticle
Long time ago ! AVG 0.6€
okey! you are in ?
VICL DVAX DVAX had non Swine Flu news today...GREAT !
nvax dvax etc.
Tickers ?
wow thanx this stock looks very nice
TNL (on my watchlist)
http://shortsqueeze.com/?symbol=tnl&submit=Short+Quote%99
Technitrol Inc. $ 3.27
TNL
Short Interest (Shares Short) 808,900
Days To Cover (Short Interest Ratio) 1.8
Short Percent of Float 2.17 %
Short Interest - Prior 973,100
Short % Increase / Decrease -16.87 %
Short Squeeze Ranking™ -3
% From 52-Wk High ($ 24.66 ) -654.13 %
% From 52-Wk Low ($ 0.95 ) 70.95 %
% From 200-Day MA ($ 3.77 ) -15.29 %
% From 50-Day MA ($ 1.78 ) 45.57 %
Price % Change (52-Week) -87.70 %
Shares Float 37,230,000
Total Shares Outstanding 40,998,413
% Owned by Insiders 9.11 %
% Owned by Institutions 80.20 %
Market Cap. $ 134,064,811
Trading Volume - Today 492,124
Trading Volume - Average 455,700
Trading Volume - Today vs. Average 107.99 %
Earnings Per Share -6.77
PE Ratio
Record Date 2009-AprilA
http://finance.yahoo.com/q/pr?s=TNL
BUSINESS SUMMARY
Technitrol, Inc. produces precision-engineered electronic components, and electrical contact products and materials worldwide. The company operates in two segments, Electronic Components and Electrical Contact Products. The Electronic Components segment designs and manufactures electronic components and modules, such as antennas, speakers, receivers, microphones, switches, chokes, inductors, filters, transformers, and coils. Its products are used for antenna systems for non-cellular wireless and automotive systems; terminal devices, primarily handsets and personal digital assistants (PDAs); audio receivers and amplifiers; broadband access equipment; Ethernet switches; military/aerospace navigation, and weapon guidance systems; power supplies; routers; televisions and DVD players; laptop computers; video game consoles; voice over internet equipment; and automotive drivetrains. This segment serves original equipment manufacturers, original design manufacturers, contract manufacturers, and distributors in various industries, including wireless terminals, such as handsets and PDAs; hearing instruments and other medical devices; consumer electronics; enterprise networking; professional and consumer audio; military/aerospace; power conversion; telecommunications; and automotive. The Electrical Contact Products segment produces an array of precious metal electrical contact products that are used in electrical circuit breakers; motor and temperature control devices; power substations; sensors; switches and relays; telephone and computer equipment; and wiring devices. This segment serves original equipment and design manufacturers in various industries comprising household appliances, automotive, residential and non-residential construction circuitry, commercial and industrial controls, electric power distribution, telecommunications, and consumer electronics. The company was founded in 1947 and is headquartered in Trevose, Pennsylvania.
http://www.mffais.com/tnl
nice bbb watch deutsche bank nice run from low
wowokey nice find
ING to unload $10.6 billion in assets
Dutch financial giant plans to sell up to 15 businesses, says it will focus attention on European market.
http://money.cnn.com/2009/04/09/news/companies/ing.reut/index.htm
soon we will but some stocks on watchlist
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
211
|
Created
|
04/05/09
|
Type
|
Free
|
Moderators |
Indices
Stocks on watchlist
SOLF
FRPT
get it first :
subscribe to our newsletter
DISCLAIMER
all readers or posters will trade on their own risk.
Opinions expressed on this board are just that. Opinions.
Privat Traders & europe stock club is not RESPONSIBLE FOR ANY LOSS OR GAIN ASSOCIATED WITH OTHERS TRADING ACTIVITY - WE ARE NOT AN FINANCIAL ADVISORS
Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |