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Gulf,,,,The answer I was reading in my Power and Motoryacht mag says its, the ols ailing ships with three mast and 3 sets of sails on ecah one,,All nine deployed, "nine sheets in the wind"........
Rick... ô¿ô
I do not think anyone really knows for sure...
These are some of the versions going the rounds: without evidence one is as good as another, take your pick...
It comes from the nine cubic yards capacity of US concrete trucks and dates from around 1970s. I know from personal experience of working on the Spaghetti Junction construction site in the UK that trucks often 'lost' part of their load between the mixing depot and the proper destination. The many concrete forecourts in the West Midlands area bear continuing witness to that. A full load delivered to the roadworks was a rarity and was usually commented on, so a phrase being coined to mark the event seems believable - not in the UK though as concrete trucks here at the time carried seven cubic yards.
The explanation refers to World War II aircraft, which if proved correct would clearly pre-date the concrete truck version. There are several aircraft related sources, 1. the length of US bombers bomb racks, 2. the length of RAF Spitfire's machine gun bullet belts, 3. the length of ammunition belts in ground based anti-aircraft turrets, etc.
Tailors use nine yards of material for top quality suits. Related to 'dressed to the nines'?
The derivation has even been suggested as being naval and that the yards are shipyards rather than measures of area or volume.
Another naval version is that the yards are yardarms. Large sailing ships had three masts, each with three yardarms. The theory goes that ships in battle can continue changing direction as new sails are unfurled. Only when the last sail, on the ninth yardarm, is used do the enemy know which direction the ship is finally headed.
Gulf it is in those answers you posted,,Just some fun, Do you know??
Rick... ô¿ô
BTW You all want a real winner for 2002 check this stock out...
PWTC...
http://ragingbull.lycos.com/mboard/boards.cgi?board=PWTC&read=29306
well Rick being its been a couple of days...
What's the origin of "the whole nine yards"?
--------------------------------------------------------------------------------
Dear Cecil:
Where does the expression "the whole nine yards" come from? Even Walter Payton had to make ten yards for a first down. Since when does nine yards equal 100 percent effort?
I trust your answer is not sexual. No enhancer I've ever seen advertised promises anything like that. --Russell E., Chicago
Cecil replies:
Don't get smart, Russell. Not that there's any great danger.
The usual authorities are silent on this topic, so Cecil has been trolling for leads on radio talk shows. This has turned up numerous theories. Some are pretty ingenious, in a demented sort of way.
One guy told me that the expression comes from the nautical term "yard," meaning one of the horizontal poles that hold up the sails on a square-rigged sailing ship.
A typical ship, he claimed, would have three masts with three yards apiece, or nine yards in all. A captain who had sent up all the canvas he could in order to squeeze out max velocity would thus be said to be giving it "the whole nine yards."
Could be, but I doubt it. For one thing, sailing ships often had 12, 15, or even 18 yards. For another, "whole" in this context is a funny choice of words. "All nine yards" would make more sense.
Others have told me that coal trucks in New England originally had three sections that contained three cubic yards of coal apiece. If you anticipated a bitterly cold winter, naturally you asked for the whole nine yards.
More commonly, however, you hear that the expression comes from the capacity of ready-mix concrete trucks. Concrete trucks supposedly contain nine cubic yards when fully loaded.
This view was advanced by William Safire in his "On Language" column in the New York Times Magazine. I wrote to Bill inquiring about his sources, but all I got by way of reply was a postcard congratulating me on my interest in language.
This did not strike me as real responsive. But perhaps there is more to it than meets the eye.
Pending further illumination on that score, I have checked with several ready-mix companies. They tell me that while drum size on concrete trucks varies (the drum is what holds the concrete), capacity generally ranges from seven to ten yards. Nine yards is a rough average.
In short, we could be onto something here.
But I'm skeptical. I note that the ready-mix business dates back only to the late 40s and early 50s. So all we have to do to disprove the concrete theory--something disturbs me about that juxtaposition, but never mind--is to find an earlier citation.
I shall endeavor to do so, but if the Teeming Millions want to help out, be my guest.
THE PEOPLE SPEAK, ROUND ONE
Dear Cecil:
Not that I am calling you a liar, but I would like to dispute your answer to the question posed in a recent column regarding the origin of the term "the whole nine yards."
It is not a nautical, coal, or ready-mix term but rather relates to the clothing industry. It is a term that tailors used for denoting the extent that one wishes to invest in a custom-made suit.
It takes exactly nine square yards of material to create a man's three-piece suit. If an individual desires a suit that is tailored to the "hilt" (double lined, etc.), he would request that the tailor should proceed with "the whole nine yards."
Anything shy of nine yards would mean various alterations. This would lessen the overall quality of the suit.
My source: Howell M., father, friend, and personal adviser. His credentials: Noted sharp dresser and business executive, Michigan Avenue, Chicago. His experience: 35 years. --Chris M., Tempe, Arizona
Dear Cecil:
I think I can answer the one about "the whole nine yards," though I can't recall my source. The phrase comes from, of all things, wedding veils.
In olden days, any bride who really wanted to impress the neighbors (and whose father could foot the bill) simply had to have a veil nine yards in length. Take a look at the Princess Di wedding pictures and you'll see what I mean. Anything less was, well, something less.
Hence the phrase originally applied to fancy, blowout weddings--"the whole nine yards." --Betsy D., Washington, D.C.
Cecil replies:
It is at times like these that I wish I had gone into a more respectable line of work. Numbers running, maybe.
At least that way I'd get definite results, which is more than you can say for free-lance etymology. I've looked into both theories outlined above, and while I'm dubious, neither can be flatly ruled out.
The amount of cloth required for a man's three-piece suit varies with the man. But the average is about 4 to 4-1/2 yards measured off a 30-inch bolt.
Cloth for men's suits is generally sold "double-width," meaning it's folded in half before being put on bolts. The actual cloth size is 60 inches wide. This works out to 6-2/3 to 7-1/2 square yards of cloth, well shy of the nine yards we're after, even for a good suit.
The fact that a suit is top quality doesn't mean it uses more cloth than the run-of-the-mill variety. If anything, according to one tailor I spoke to, custom-made suits use less cloth, since there's less waste during cutting.
I talked to a number of tailors, one of whom had been in business 40 years. None had heard the expression "the whole nine yards" used in connection with the men's clothing business.
However, a seamstress did opine that once upon a time cloth for men's coats had been sold on single-width bolts. Four and a half yards of double-width cloth presumably equals nine yards of single-width. So she cast her vote for Papa M.'s theory.
Fine by me. I'd hate to give a boy reason to doubt his old man.
It's pretty much the same story with bridal veils. The longest veil seen nowadays is generally 180 inches, or 15 feet.
But a saleswoman at one bridal shop confirmed that years ago your basic last-days-of-Pompeii-type wedding might in fact feature a 27-foot veil. She herself believed that this was the origin of the expression "the whole nine yards."
Lady Di's train was 25 feet long. Allowing a couple extra feet for the veil (which attaches to the head, as opposed to the train, which attaches to the waist), we come up with nine yards.
We are thus faced with an apparent case of linguistic parallel development--an expression that three different industries (ready-mix concrete, bridal wear, and maybe men's tailoring) claim as their own.
With all respect to the Teeming Millions' fathers, the only thing that will settle the issue is published citations--examples of "the whole nine yards" in books and periodicals, the earlier the better.
You got one, send it in. We'll get to the bottom of this yet.
THE PEOPLE SPEAK, ROUND TWO
Dear Cecil:
The term "the whole nine yards" originally referred to the amount of fabric it took to make an authentic dress for a colonial lady.
To this day, ladies who wish to have costumes made can do with no less than nine yards of material, not to mention lace, buttons, snaps and whatever else it takes to complete the outfit. The expression "the whole nine yards" includes all these extras. --Mrs. J.C., Yorktown, Virginia
Dear Cecil:
"The whole nine yards" refers to the last thing a person used to receive in this world. It is the amount of cloth an old-fashioned undertaker used to make a funeral shroud. --Stephen K., Madison, Wisconsin
Dear Cecil:
I submit that the phrase has its origins not in concrete, coal, or sailing ships but in the humble general store of bygone days. These stores sold just about everything a family could need, including fabric.
Embedded in the counter were small brass nail three feet apart, which were used to measure yards of material, which usually came in bolts of nine yards. If you needed only a few yards of material, you would "get down to brass tacks" and buy the desired amount.
If, however, you needed a large quantity of fabric, then you would just say give me "the whole nine yards."
While this answer is speculative, I believe it more likely than some of the others. How many other phrases have come to use from the ready-made concrete industry? --James M., Pasadena, California
Dear Cecil:
I heard it originated somewhere in England and referred to the difference between a proper burial and a pauper's burial.
If you were well-to-do, you could afford to have "the whole nine yards" of dirt removed for your grave, as opposed to the poor who couldn't pay for such a large plot. --Cathy B., Norfolk, Virginia
Dear Cecil:
It is an expression from the sewing circle. To this day all fabric comes in bolts of nine yards. Check it out. --Teresa H., San Antonio, Texas
Dear Cecil:
With regard to the origin of the phrase "the whole nine yards," one must keep in mind the inevitable reduction of the subtle and urbane to the pedestrian and vulgar in the hands of the "teeming millions."
It seems perfectly logical to me that the true meaning of the phrase does indeed spring from football. However, rather than indicating fulfillment of a goal, the phrase probably was originally intended ironically.
In an instance of shortfallen achievement where a disdainful comment would be appropriate, it could be said sarcastically that "he went the whole nine yards."
For example, in answering the original reader's query, Cecil certainly went the whole nine yards. --Rick A., Chicago
Cecil replies:
Contrary to common belief, cloth does not come in bolts of nine yards "to this day." Twenty to twenty-five yards is more like it.
As for the rest of you people, I am not interested in your freaking opinions. I want facts.
Since none appear to be forthcoming, we will declare this discussion closed until such time as I can go investigate myself. This is the last time I ask you guys for anything.
--CECIL ADAMS
OK you guys back to boats,,,,I have a trivia question for you,
What's the etymology of the phrase " the whole nine yards"? In boating talk,,,,,,,,,,,,,No cheating by surfing for the answer,This must be in your head already, haaaaaaaaaaaa
Rick... ô¿ô
SHFL, CRYP, ALLY these are some gaming stocks I digged up. CRYP does look like its getting there. Let me know any others you have.
imho, Jerome
>>> Mary's FALSE ACCUSATION finally settled....
thanks to Bob...
Well, at least one of them...
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16974652
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16977111
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16977312
>>> What a Pity: I bet Matt could have used $5,000...
and I hope that finding out that I told the Truth, wasn't too much of a Disappointment for you, Bob...
"Just for grins I did a search for the words "porn" and "star" (omitted "child") against all messages, and got 5 hits. None of which are deleted posts."
http://www.investorshub.com/boards/msgsearch.asp?txt2find=porn%20star
Yup, and NONE of the posts are mine, either, which clearly shows the extent to which Mary is prepared to go, to propagate Malicious LIES and LIBELOUS Statements...
Glad to see that full text search on iHUB works again...
JMHO, F. Goelo + + +
Thanks FG, for the scoop .........eom
May this new year be kind, and fair to all..........
Rick... ô¿ô
>>> Broderick, I run 4 Boards at the time,...
including SEVU, which I started when there were only some 3000 posts on iHUB... I was very fond of SEVU, until I discovered that the CEO had lied extensively to me and others... Even though I had a substantial long position, I had to start posting against him and indirectly SEVU, in an effort to make the Truth known...
The other longs began a TOS campaign against me and Matt fell for it, as he usually tries to please the largest number of posters... When he removed me from the "Chairman" position, I decided to close all my threads in protest, as I'd lost a great deal of interest in iHUB, after being virtually a "founding" member...
I have opened this Thread again for convenience, where Stocks and other considerations of personal interest, such as Boats are discussed and where I can leave notes for future reference...
JMHO, F. Goelo + + +
FG,Why did the board stop????
May this new year be kind, and fair to all..........
Rick... ô¿ô
>>> Broderick, perhaps you'd like...
to take a look at some of the posts on this Thread...
http://www.investorshub.com/boards/board.asp?board_id=194
FG
So true FG, And what's your thoughts on Nevada corps and S-8's and dilution???
May this new year be kind, and fair to all..........
Rick... ô¿ô
>>> Broderick, yes OTC-BB can be and are Shorted...
every day... In fact many recent recos from dedicated shorting Websites advocate just that...
However, dilution and shares dumping of Insiders, etc... remains the main reasons for the tanking of OTC-BB's...
JMHO, F. Goelo + + +
FG,I have talked with Steven taylor before about this article,,,,,He is doing a good deed with this,,,,,90% of people I see on stock message boards still have this thing in their heads that otc's can't be shorted,,,,They need to read these articles and wake up, or loose all their cash,,,,That simple,,Thanks for posting..........
May this new year be kind, and fair to all..........
Rick... ô¿ô
Or...About the need to perform a thorough DD.....
Thanks for the article, FG.....And good swim.....
>>> Shorting OTC-BB's...
http://www.taylorstock.com/OTCBB1.html
http://www.taylorstock.com/OTCBB2.html
>>> Boat: Les should also consider...
building a "nesting" version, where the boat is split approximately in the middle and the forward end fits inside the aft one... Each half has a full bulkhead in the middle and, since your max. beam is well aft of mid-point, there is no major technical problem...
This makes it easy on cruisers with little room for a Dinghy and, since it's so light, it probably could even fit in the back of a SUV, pick-up or large station wagon, saving the trailering... User-friendliness is key to commercial success...
High-tech fiber is fine and you should use vinylester resin, if you don't already... BTW, the wide transom version would also be much more stable and have much less tendency to pitch (hobby-horse), than the other one...
JMHO
Haaaaaaaa FG,,,,You the man,,,,,,,,,well put,,,,,
May this new year be kind, and fair to all..........
Rick... ô¿ô
>>> Les on RB wants to improve a Production Dinghy...
Les wants advice to make this boat a better boat with broader commercial appeal....
http://www.sarocaboats.com
The answer is fairly simple and straight forward... Cut your mold across at the point of maximum beam, build flanges all around the sections on both halves and build a mold for another alternative broader stern...
Secure laths every few inches on the inside of the forward piece, extending aft and cut a plywood transom part slightly less beamy than max. beam, with a flat bottom and a 10 to 15 degree angle to the vertical... Once you attach this transom piece to the laths, you'll be well on your way to build the Plug for your new aft mold...
At little extra tooling cost, using one OR the other aft-end, you'll be able to produce 2 types of boats:
+ The original one, whose shape is excellent for rowing and even paddling and...
+ The new one that should carry its maximum beam most of the way aft and will be very suitable for sailing and should be able to accommodate a 15Hp outboard with a properly built transom... This will allow planning performances down-wind under sail and also under power...
For efficiency of production, you should mold at least 10 boats of one type, before unbolting and using the alternative aft-end for another 10 units...
I would add a thick white "D" shaped rubber fender all the way around, as yacthies don't like fibreglass dinghies banging against their top-sides and/or leaving unsightly marks...
My fee for this consulting will be a wide transom dinghy at cost...
JMHO, F. Goelo + + +
PS: Do NOT grant exclusivity of territory to anyone, unless they buy 8/10 boats at a time, have proven financial ability and agree to buy at least 25/30 boats per year to maintain exclusivity...
¶¶ WEEKLY UPDATE FOR: January 19, 2002 by Bob Bose....
Prior Week in Review:
Financial Market Highlights:
============================
01/18/02 01/11/02 %Change
S&P 500 1,127.58 1,145.60 -1.57%
Dow Jones 9,771.85 9,987.54 -2.16%
NASD Comp 1,930.34 2,022.46 -4.56%
Russell 2000 474.37 489.94 -3.18%
SOX Index 523.04 568.89 -8.06%
Value Line 358.32 369.76 -3.09%
MS Growth 558.74 556.92 +.33%
MS Cyclical 510.81 527.86 -3.23%
T - Bill 1.58% 1.59% -1 BP
Long Bond 5.37% 5.36% +1 BP
Gold - Oz-Near Month $283.40 $287.70 -$4.30
Silver - Oz-Near Month $4.35 $4.70 -$.35
Economic News:
==============
Last Week's Reports Very Solid With One Exception
FRB's Beige Book Mixed - But Some Signs Of Hope
Our View More Optimistic - Recovery Underway By Spring
*December Retail Sales eased -.1% - Good News - See Below
*Consumer Price Index fell -.2% in December - Core Rate -
Ex Volatile Food and Energy rose +.1% - Non Event
*November Business Inventories fell -1.0% - Sales off -1.4%
Inventory/Sales Ratio remains at 1.39 months
*Industrial Production fell -.1% in December - Capacity
Utilization off -.1% to 74.4%
*Federal Reserve Board (FRB) Beige Book - See Below
*Housing Starts fell -3.4% in December to 1.57 mil rate
*Building Permits in December rose +3.6%
*Philadelphia FRB Index rose to 14.7 - First positive
Level in thirteen months
*Jobless Claims fell -14,000 to 384,000 - Four Week
Moving Average fell -250 to 411,000
*International Trade deficit for November narrows -4.9%
*Univ. of Michigan Consumer Sentiment 94.2 mid month
Big gain from December's 88.8
Although stock market participants focused on individual
earnings releases as the "official" earnings season got
underway, our focus remained on the economic news. And,
the reports were fairly good, and continue to support our
view of a recovery in progress by Spring.
For starters, the Retail Sales report was very good, even
though the reported number was a decline of -.1%. The
drop was fueled (pun intended) by a decline in gasoline sales,
which fell -4.2% as energy prices fell - which also drove the
trade deficit down. But, obviously a decline in gasoline
prices is not a negative for consumers. As we have pointed
out numerous times recently the decline in energy prices
has the same economic impact as a reasonable tax cut.
Not surprisingly, then, we liked the retail sales data.
The implication is that inventories will not be a problem at
the retail level after the holiday selling season. And, of
course, the strength does support our contention that
spending is driven by personal income, which continues to
hold up very well and consumer confidence, which was quite
strong at midmonth according to the Univ. of Michigan survey.
The FRB Beige Book Survey agrees - sort of, at least for
retail sales. Otherwise, they are not so sure, but seem
to imply that they think the economy is bottoming out,
with any hints at recovery very tentative. More so than
is usual, even for the FRB, this report seems to steer
clear of making any definitive statements.
In addition to the fact that economic inflection points are
very, very difficult to identify in real time, the FRB may
be trying to keep their options open for the next meeting
of the rate setting Federal Open Market Committee (FOMC).
As you know, our view is that another quarter of one point
cut is not necessary, but the FOMC may take out an "insurance
policy." In any case, as we tried to make clear last week,
the really important issue is the extent of the rebound in
productivity growth, and not the exact timing of the onset
of recovery.
One other point worth noting, from the more obscure Philadelphia
Federal Reserve Bank's Business Outlook Survey, is that
their mid-Atlantic manufacturing index turned positive. And,
the new orders subcomponent went positive as well, moving from
-6.2 to +12.6, with the shipments subcomponent even stronger.
Anecdotal evidence, yes. But directionally important, and
the magnitude of the change would imply no huge revisions
back to negative territory near term.
In any case, we believe that by Spring a recovery will be
underway. And, our view remains that the "bounce back" will
be softer than what some are assuming, and could therefore be
disappointing to those that are buying stocks that are dependent
on the economic cycle. But, even 3% GDP growth should be
positive for financial assets in general, and if the FRB is
right about productivity trends, they will allow higher trendline
growth than in the past.
In short, nothing in the economic data, or the early corporate
earnings reports for that matter, has caused us to alter our
view. We expect a recovery to be underway shortly, if it has not
already begun, and to accelerate in the second half. Last week
the economy outperformed the stock market. But, the stock
market should revert to form, as a discounting mechanism. And,
when it does, it will look to the recovery, and not the history of
the just ended quarter. Stay tuned !
Current Weekly Calendar of Economic Data:
=========================================
Monday: MARTIN LUTHER KING DAY - U.S. MARKETS CLOSED
Tuesday: Leading Indicators
Thursday: Jobless Claims
>>> Broderick, that's why I got involved,...
in the concept and design of Powercats, because there was nothing on the Market that suited me...
Most common mistakes I see from even well known designers are:
+ Not enough Bridgedeck clearance: 3' is minimum for an offshore displacement Cat...
+ Not enough bouyancy forward and/or weight aft, making the boat trim by the bow...
+ No wide knuckle deflecting spray and providing instant added bouyancy, while keeping the water line beam as narrow as possible... The fineness coefficient in my Cat is about 14 to 1, allowing it to be easily driven with minimum power...
+ No 360 degrees panoramic visibility in the Salon, whether standing up or sitting down, so that the operator can keep a proper look-out at sea, while cooking or having a meal...
+ Failure in some designs to completely segregate the engine room compartment from the rest of the accommodation, like in the Lagoon 43 by Jeanneau... That boat has around 18" bridgedeck clearance and throws a huge bow wave under way...
Most experienced designer with best understanding of the problems involved is New Zealander Malcom Tennant...
FG
FG, That's great, on building 12 of the cat boats per year,I have seen several different makers in mag's, but none quite have the lines yours do. And trans-atlantic range to boot,,,I think you have something there......I look forward to the progress....Good day..
Rick
May this new year be kind, and fair to all..........
Rick... ô¿ô
Disclaimer
http://www.investorshub.com/boards/read_msg.asp?message_id=135097
>>> Broderick, an Outdrive is more efficient...
than a drive shaft set-up, provided it's for pleasure use, as they don't stand up to commercial abuse...
I used to run a Coronet Oceanfarer 32' in the Med, similar to the one below, with twin 106 Hp Volvo Diesels and 270 Outdrives and it was an excellent deep "V" seaboat with loads of room for the size and 18 knots cruising...
http://home7.inet.tele.dk/dhja/32oceanfarer/nyocean32.html
Only problem was a short range, while this Offshore Power cat is designed to carry 1000 Gallons of Fuel to give trans-Atlantic range at economic cruising speed of 15/16 knots... It's still capable of 25 knots with only twin 230Hp Yanmar Diesels, which is about half the power needed by a planning monohull at the same speed...
http://www.investorshub.com/boards/read_msg.asp?message_id=220207
I own the design and the production molds and expect to produce a dozen per year at a base price of just under $500K... Tophat sections have to be glassed across the cabin top, instead of the temporary lumber spacers and more sections will be cantilevered fore and aft to support the overhang... Then a liner will be installed, using the Tophat sections for support...
It's a practical boat with simple lines, that just hasn't got any competition in the US Market today...
FG
Is this a boat of yours FG?? Nice looking and from the pic, are they getting ready to glass the flybridge extension over Cockpit? I see temp 2x4's supporting it......I am a boat nut as well....I have a little project boat I am working on, 1969, 28' Fairliner, express hardtop, with inboard. I really hate the straight drive shaft, so I started doing what no one has done before, I put a Volvo 270 outdrive in it , with a 2.15 to 1 gear and a 16' elephant ear prop. HA That should make that boat get up and move,,The straight drive was 1 to 1 with a 14"x9" pitch,way to small for the boat IMHO, and very noisy, cause of the rpm's it had to turn to push the boat,,,I'm a firm believer Diameter is better than pitch to move a heavy vessel,,,,Glad I found your boat board,,,A nice change......
Rick
May this new year be kind, and fair to all..........
Rick... ô¿ô
Disclaimer
http://www.investorshub.com/boards/read_msg.asp?message_id=135097
>>> Boats: 46' Power Catamaran Starboard Stern Quarter...
http://www.geocities.com/seageme/UnNamed.html?1011477086123
Note sheer line and flybridge extension over Cockpit to provide shade and out-of-the-way storage for a decent size Dinghy...
Construction is done with high density Foam coring, uni-directional fibres and Vinylester resin...
This is a multipurpose Yacht, suitable for Game Fishing, Charter or long range Cruising, including Ocean crossing...
FG
>>> Boats: 46' Power Catamaran Port Stern Quarter...
Hull #2 under construction: Flybridge has just been fitted...
http://www.geocities.com/seageme/Powercat_46_Port_Stern_Quarter.html?1011372887658
>>> horseshoer, OTC-100 and OTC-400...
are the 2 Indexes being considered at the moment... THe OTC-100 should represent the cream of the crop, while the OTC-400 would reflect approximately 10% of the 3,797 shares on the OTC...
In fact, if ADR's and foreign stocks are included, which I wouldn't mind doing, there may even be more stocks...
FG
Francois+Goelo - Given the criteria you have suggested I suspect that screen will turn up considerable fewer prospects for the index than the 1000 you propose, just a guess. Another thought concerning size - at one time goldpenny had a list of 1000 OTC.BB that you could download and import into Quote Tracker, just getting current quotes for all the tickers took the better part of ten minutes. Also on RB just going to the OTC.BB boards takes the better part of fifteen minutes (with a dialup connection). You are talking about a massive amount of data IMO. Never the less I am sure that an index of OTC stock will be of great benefit for serious investors/traders. Not sure what I can do to help but am willing to contribute time and effort to the project, at your request/direction.
Good Investing
horseshoer
For sure:
+ Minimum share price of 1 cents should also be considered...
I don't mind pennies, but this sub-penny stuff sucks, one stock I own CMIH, has enough 0's on it to be worth less the par value of the issued shares.
imho, Jerome
>>> horseshoer, here is what I propose...
http://www.investorshub.com/boards/read_msg.asp?message_id=250145
Giving particulars of a stock is very useful but well beyond the scope of the Index..
Perhaps a large percentage of the Index, say 80 to 90% could be determined by the cold application of pre-determined parameters, while a small portion 10 to 20% would be stocks proposed by posters, that would be outside the parameters, but which have some redeeming features...
The drawbacks are the introduction of arbitrary decisions - other than the initial determination of the parameters - and a lot more work for iHUB staff... The benefit is that it would keep posts churning and quite a few posters interested...
FG
>>> How to select stocks for the Index....
I believe we have to set out some minimum Criteria for a stock to make the grade, for example:
+ Shells should be excluded, as they respond differently than other OTC-BB's and there already is an excellent site tracking them: http://www.shellstockreview.com
+ Minimum average Volume, for the sake of liquidity, should be at least 10 to 20,000 shares per day...
+ Minimum Market Cap should probably be over $1 million, which should elimunate most of the Shells, anyway...
+ Minimum Sales of perhaps $500,000/year would eliminate companies that don't really have a business going...
+ Minimum share price of 1 cents should also be considered...
Matt, once we agree on all the main Criteria, all you have to do is feed them into a stock Screener to see what comes out of it... We can institute tougher Criterias to produce an OTC-BB Index with 100 stocks components (OTC-100), besides a broader one encompassing approximately 10% of all OTC-BB stocks (OTC-400 to 600), assuming we can get a figure on how many there really are...
In addition, the Indexes could be dynamic as to their components and reviewed monthly, since certain companies may stop filing and become Pink, while other suddenly make the Criteria grade...
First thing is to get a complete list of OTC-BB companies from otcbb.com, apply the parameters discussed above and see how many are left standing... If there are too many, then let's evenly tighten the parameters to get the broad Index of 10% of all OTC-BB stocks and tighten even more to get the pick of the crop, the OTC-100, bearing in mind that all stock Indexes are Elitists...
FG
Currently the only site I know of that is keeping track of traders picks (day, week and month) is Scotts (spiel2001)site. It has been up since about Sept/Oct and is still under construction with some trading tools coming (level 2, TA charts and some other stuff). Most of the traders on his RB board use it I think. Maybe some ideas you can pick up from a visit to the site http://www.marketbeasts.com/ just a thought, NOT spamming. I have not rejoined since he re did the site about two months ago.
Good Investing
horseshoer
How about that, I did not even notice that the posts had a background color. Thank You Matt!!! I will be able to spend more time here on iHub now COOL.
Good Investing
horseshoer
Francois+Goelo - I like the idea of an index of OTC.BB issues, the technical aspects are way beyond my abilities. Your criteria for inclusion are pretty broad at this point. Value on the OTC is pretty much a future HOPE except for the ones that have cash on the books and that does not necessarily bring about a good valuation reflected in pps. I would value such a list of stocks much as I did the picks on iExchange before they shut down. Nearest I can come to a replacement for that source of ideas are stock screeners and Tag and Bag on ClearStation (which leaves a bit to be desired). The trader boards on RB takes a bit of time to weed through since the down hill run that Lycos started on here of late. iHub is quick and clean to browse but my eyes can only take the white back ground for a max of one hour (hint to Matt - suppose that would slow things down some though to have a color back ground). When the list of tickers for the index gets made up it would be pretty cool if the information on each ticker could include R/S info (including previous ticker(s)). Had a bad experience AMJC/AMJY/UVGI/TVNT. Other caution flags would also be nice like CD's outstanding, warrants, preferred shares and voting rights (whether Tranfer Agent is allowed to give out info on O/S and float is important also). Should not take long to get the word out that you need input on OTC.BB stocks to include in the index, bet there will be a lot of competition to submit picks. Everyone has their favorites, might want to set up a separate index called Speculation Plays. Just a thought.
Good Investing
horseshoer
In building the core index components are you planning to include a limited number from each sector, or just the hottest stocks in the OTCBB?
muell <g>
>>> NEW BOARD devoted to an OTC-BB Index...
http://www.investorshub.com/boards/read_msg.asp?message_id=249397
I agree.
While I am still working on this thing, try to come up with some good ideas how we will go about selecting the various core components of the index.
I should be done with the thing and ready to work around the 'submission/addition/subtraction' issue this weekend.
My first thought is to create a thread regarding it. Access to only premium members, of course <g>, who post the DD. We set some sort of standard critera. And then vote? Heck I don't know. I'm in code mode right now.
Throw some ideas out there. Let's go fishing.
Congrat for the new board name......
BTW, The idea to create an otcbb index is an exciting one, but the main problem remains the criteria to be defined. Good luck.
Good:
>>You could suggest that posters propose companies that they believe are genuine - giving supporting evidence - as potential components of the Index and that alone should boost the Daily numbers of Posts on iHUB and save a lot of research work... <<
Duh. Did you think I was just doing this for kicks? :)
Perhaps letting the community vote for their favorite companies on the OTC (with certain qualifications) and have some sort IRV setup for vote tabulation, in order to get the number down from the thousands to the few hundreds:
http://www.instantrunoff.com/irv.html
Have each member propose their own, say top 50(or whatever) OTC's, and then use the top 200(or whatever) for the IHUB:OTC index. You could set it up weighted as well, like the QQQ, measuring some stocks more than others. In fact, the QQQ is probably a good model.
I think the index would be more interesting to have an actual price, rather than a portfolio value.
>>> Matt, for Data...
perhaps co-operation with the otcbb.com people might make sense, although they must be pretty Dumb and Lazy, NOT to have done anything about an Index, yet...
Good timing, too, as I feel the OTC Kettle is starting to warm up and one should be able to monitor when it reaches boiling point...
FG
OK, here is something to chew on for tonight...
See the bottom:
http://matt.investorshub.com/
I'm actually quite intrigued by the whole thing.
MB
P.S. I'll make it nice and pretty with colors and graphics when I finish. It's just in it's raw form now.
>>You could suggest that posters propose companies that they believe are genuine - giving supporting evidence - as potential components of the Index and that alone should boost the Daily numbers of Posts on iHUB and save a lot of research work... <<
Duh. Did you think I was just doing this for kicks? :)
After the core index components are built, it will be easy to fill in the blanks to add another company (or subtract a company)
MB
>>> Matt, you described a PORTFOLIO, Not an Index...
How do you plan to work some 600 stocks into it?...
You could suggest that posters propose companies that they believe are genuine - giving supporting evidence - as potential components of the Index and that alone should boost the Daily numbers of Posts on iHUB and save a lot of research work...
This way the Index would be the product of some consensual activity, giving it more weight and appeal...
FG
I've already built my basic structure now.
The challenge is what was most interesting to me. I like complex mathematical equations. While not really too complex, it does involve a quite a few of factors and some brain power to structure the sucker.
I have an Index setup with 10 test tickers in it, with active, real prices.
I put in $10,000, spread evenly across the 10 stocks. $1k in each stock. Turned out quite interesting.
I want to track it for a few days and put it up on the matt.ihub page and see how it fares out.
MB
>>> Matt, they confirm my Point...
"The Penny Stock Index was created due to the lack of an index out there that suitably tracks the OTCBB market. The OTCBB market does not always follow other popular stock market indicators. Because of this we wanted to create a simple indicator that penny stock investors can view see the sentiment of OTCBB investors (buying and selling trends). With the dynamically updating prices we believe this to be a valuable, much ignored tool, for penny stock investors"....
Based on my evaluation that only 10% of the companies listed on the OTC-BB are Bona Fide companies, with a reasonable chance of success, it ensues that the Ideal Index should contain about 10% of the Group, partly based on criteria described here:
..."The 25 companies included in the index were chosen from a cross section of various sectors and had to have an adequate daily trading volume, a legitimate business, etc. to make it into the index. Due to the ever changing OTCBB market we do intend to regularly review these companies and replace those that, due to extreme situations, have become poor indicators of the OTCBB market. This can happen if a trading halt has occurred, trading volume has dropped off too much, stock has been delisted, or any other such action has happened. The index will try to be as stable as possible in terms of changing companies"...
There is NO question that ANY stock Index presents an elitist view and the best of the Crop, so to be comparable to them, the OTC-BB Index should follow the same Rules, without any remorse...
First job is to determine how many companies are listed as OTC-BB's and I am getting numbers that vary between less than 4000 and more than 6000... Seems it's going to be an arduous task...
BTW, the PS in the previous post was SERIOUS!....
JMHO, F. Goelo + + +
Tell me how you would modify this one...
http://pennyinvesting.com/pindex.htm
>>> Matt, if it existed, I wouldn't be using...
the Russell 2000 to approximate an OTC-BB Index... I recently talked with Darryl Nether at OTC-BB-News and they are thinking about the same thing, too...
Let's beat them to the Punch and try to convince OTCBB.com to also use it, provided they give iHUB/FG credit for the idea, of course... I have been on their backside in the past to provide one...
That's if Bob lets iHUB deal in the "EVIL field" of OTC's at all.... ;)
JMHO, FG
PS: I'd like to change the name of this Thread to "Boats & Stocks", with F.BS as an acronym... The humor won't be lost on some...
Frank,
I am going to do some more research beyond what I currently know about the indexes, tonight.
But here's a start:
http://matt.investorshub.com/
I had that up before, but I generally use that as a place to test out things I am working on and 'store my thoughts'
I like the idea behind this.
You sure nothing out there like it exists?
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