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TCHH .0002 800mil+ volume!
The Russo-Chinese Pincer Movement Against The US Treasury and The FED
The Federal Reserve Bank is privately owned by member banks. If those member banks have either sold out to China or are bought for pennies on the dollar by them when the dollar crashes, then Beijing will own the American Federal Reserve Bank. Though at that point we could no longer call it American.
China has bought 60% of all the real estate in the Financial District of South Manhattan. This includes the J P Morgan Chase headquarters building at one Chase Plaza which has the largest private bold bullion vault in the world. It is next door to the New York Federal Reserve vault. When Dr Jim Willie saw the price the Chinese paid for the building, he wondered if that was a typo. After he confirmed the price, he began speculating that J P Morgan might have lost a bundle and avoided bankruptcy by selling out to Beijing at a discounted price. He then began wondering whether or not the Chinese were taking over the Federal Reserve.
J P Morgan has so many tens of trillions of dollars in US Treasury interest rate futures that they are often called the operating arm of the US Treasury Department and the Federal Reserve. J P Morgan is certainly above the law. When Jamie Dimon at Morgan ordered Jon Corzine of M F Global to send them $1.2 billion dollars from allocated customer accounts, the two men broke laws that only apply to commoners. Corzine and Dimon have not been indicted for their crimes.
J P Morgan began in England as a Rothschild front group. It merged with the Chase Manhattan Bank which had been founded by the Rockefellers who also have been fronts for the Rothschilds since the 19th century.
Morgan has reversed its position on gold. It has been behind the SLV ETF (Exchange Traded Fund) as HSBC was behind the GLD ETF. These funds are scams that let the punters buy paper gold and silver while the US Federal Reserve, the Bank of England and other Central Banks sold gold into the markets to drive down the price of gold and prop up their near worthless currencies. Morgan and other banks had been aggressively shorting silver and gold to drive prices down. China and other Asian countries have been buying all the gold. Currently, there are few gold bars for delivery available in London, Dubai or New York. In fact some of the gold delivered to Germany had markings from older holdings which indicate there is not much left. France invaded Mali, a gold producer, after Germany demanded return of their gold. The US and England took Libya’s gold just before they returned Venezuela’s gold. The US is currently backing a UN offensive in the Democratic Republic of the Congo which has gold fields. And the US is ferrying troops from Rwanda into the Central African Republic which has three different gold fields under feasibility study by Canadian and European firms. But to date the US has only returned 5 tonnes of Germany’s gold.
J P Morgan has just recently switched their positions in the futures market and are now long gold. This means they are betting that gold will go much higher in the near future. I recently wrote that the Arabs are having their 99.95% pure 100 and 400 ounce gold bars being recast into 99.999% pure kilogram size bars so they can join in the new Chinese backed trade system. The Chinese system is based on kilogram gold bullion bars being converted into the yuan and possibly the ruble. This will replace the dollar in international trade. It is part of the Currency Reset. Gold will be priced at $7,000 an ounce and Americans who want to buy something from overseas will first have to buy a kilogram of gold. That would be $7,000 times 35.274 for one kilo. Perhaps Morgan has been listening to China. Many observers agree with me that Morgan and the Central Banks have the cooperation of China to manipulate the price of gold and silver while Asia acquires our precious metals at bargain basement prices. That will come to an abrupt end when the West has no gold to sell to Asia and US dollar is replaced by a gold backed yuan and ruble in international trade.
Dr Willie noted that Russia and China are making other aggressive moves.
China is buying industrial Enterprise zones. They are also buying US houses in large quantities. US Hedge Funds are buying homes which they hope to market as stock securities. It is easier to sell stocks than homes which is a lesson learned in the last housing crash. The US Federal Reserve is participating in this new housing Bubble. Moodys which has never seen a Bubble it did not like has rated these new investments AAA. Moodys is owned by Warren Buffett. China plans on becoming one of America’s largest employers and its biggest landlord after it takes over the properties owned by the Federal Reserve, the Too Big To Jail Banks and the Hedge Funds. The dollar could collapse so fast that Wall Street will not be able to unload their Bubble priced homes. China could easily pick up ten million houses. This means America would become a Chinese colony if a formidable resistance does not begin in the very near future.
When the yuan replaces the dollar as the international reserve currency, foreigners will dump dollars. The repatriation of overseas dollars and US Treasury bonds will double prices in dollars and cut the purchasing power of American pensions and paychecks in half. At that point, the Chinese could take the idle US manufacturing plants they are buying and open them. American wages would be cut low enough so as to make those Chinese-American companies competitive to low wage producers all over the world.
Russia is backing Iran and Syria. Iran has proposed a natural gas pipeline to send their gas to Syria which Gazprom, the Russian Energy giant, wants to sell to Europe for rubles. There are ongoing negotiations between the Iranians and the West called the P5 + 1 talks. P5 + 1 refers to the 5 permanent members of the UN Security Council plus Germany. The talks and the Iran sanctions have nothing to do with the Iranian nuclear weapons program because there is none.
Dr Jim Willie calls the P5 + 1 talks the Petrodollar Death Summit. The Petrodollar was created by Henry Kissinger after the 1973 Arab-Israeli war. The US had stopped convertibility of the dollar to gold in 1971 because their country was overpopulated had too many troops overseas. After 1973 the Arabs sold oil for dollars which they invested in US Treasury bonds and the New York Stock Exchange as did the then growing drug cartels. This meant US policy since 1973, if not before, has been committed to maintaining a high price for oil and to losing the war against drugs.
A pincer movement occurs when an opposing army flanks you on your left and on your right, overruns your position and cuts off your supplies from the rear.
The Chinese have recently had a Strategic Partnership Initiative with Saudi Arabia and three other Gulf nations. This is why you have seen articles in the New York Times denouncing the Saudis as terrorists. Dr Jim Willie has a source who told him that China and Russia are using Iran and Dubai to pressure the Saudis to transition from a Petrodollar to a Petro-Yuan. This would result in crashing the dollar and causing Nationwide Food Riots. It would also force the Saudis and the other Arabs to sell off hundreds of billions in US stocks and Treasury bonds. This would result in a bloodbath in the New York markets and devastate what would be left of American pensions.
China in 2013 bought Goldman Sachs’ aluminum and industrial metals warehouses. A Russian conglomerate bought the Morgan Stanley Energy Desk. You might remember Matt Taibbi of Rolling Stone saying a few years ago that Goldman Sachs and Morgan Stanley were buying and selling every barrel of oil 28 times before it got to market so they could drive the prices to obscene levels.
All that power to set prices for commodities, oil, natural gas and precious metals has now gone into Russian and Chinese hands. After the banks fail, China could buy their stock and quite literally own the US Federal Reserve Bank. Can you now clearly see the Russo-Chinese pincer movement out flanking the US dollar, the Treasury Department and the Federal Reserve?
Erik Prince of Blackwater infamy rented mercenaries to the US government in the Mideast. These men were accused of war crimes and human trafficking. Blackwater also paid $42 million dollars in fines to avoid arrest for breaking hundreds of US export rules. Erik Prince is now providing logistics and security services to China in Africa. China in 2010 had a Beijing African conference in which they pledged $100 billion dollars in investments. Obama and Hillary have countered the offer with all the drones the Africans could possibly want and more. The US had troops active in 134 nations last year. Drones and 25,000 Special Ops soldiers cannot counteract the rising tide of the yuan and the ruble.
I do not want to leave you thinking there is no hope for the future. The Good News is that we are headed into a Global Depression. That means we have an excellent opportunity for a Global Insurrection against the Bankers. The people of China do not like their government any more than the people of America and Europe like theirs. We need to emphasize Worldwide Debt Cancellation. We need to explain to people that we got into this Depression because we let bankers create our money as a loan at interest on money they created out of nothing. We must outlaw fractional reserve banking. And we must issue a non-interest bearing currency like President Lincoln’s Greenback.
Thought I'd chime in, once i saw the post referencing CAGR DD done by "rustybucksranch." Below is a response i compiled for the CAGR board in answer to blatant lies by "rustybucksranch."
Since that time, CAGR has become a dead stock. Its on Glbal Lock by the DTC and its former CEO, Frank Yglesias (who has several other aliases) resigned and filed bankruptcy so he could liquidate all the inventory shareholders paid for to pay his own debts. It is my opinion that "rustybucksranch" was a paid paid pumper for Frank, as were at least three others.
Any way, to wit:
The REAL list of CAGR accomplishments: (Updated-11/9/2012)
a) Fall, 2011 ... CAGR rips shareholders with a 1:10 Reverse split
b) Oct 4, 2011 ... CAGR files Articles of Incorporation in which
1) Shareholders are stripped of voting rights
2) Insiders issue themselves 8,000,000,000 (Billion) shares disguised as preferred and sale-able without vote or notice.
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=61634
c) Dec 12, 2011 ... CAGR begins life with 375,000,000+ shares outstanding
d) Dec, 2011 ... CAGR sells 40 Million shares at .0005 for $20K cash.
e) January, 2012 ... CAGR publishes 2011 year end report which
1) Is not audited as promised.
2) Shows that CaGrapes was not a highly profitable company as advertised
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=69834
f) Feb 1, 2012 ... CAGR dumps 199,000,000 shares. OS now 574,000,000+ shares
g) Feb 24, 2012 ... CAGR dumps another 50,000,000 shares. OS now 624,000,000+
h) Feb, 2012 ... CAGR announces it will open a retail outlet
1) CAGR says opening aimed for April 1st. ... Later investors find out it was never intended for April 1st, but May 1st.
2) Investors find out that the Renaissance Hotel location is off.
i) March 29, 2012 ... CAGR dumps another 347,000,000 shares. OS now 971,000,000+
j) April 26,2012 ... CAGR dumps another 40,000,000 shares. OS now 1,011,000,000+
k) May 2012, Store does not open on time. No word from company
l) CAGR publishes Q1 report
1) Report is again unaudited.
2) CAGR shows loss of $200K
3) Report shows that CAGR must spend $2 to generate $%1 in sales.
4) Report reveals that CAGR, unbeknownst to shareholders, is seriously delinquent on three loans. Two loans have been delinquent for more than two years and the other for more than one year.
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=82404
m) May 29, 2012 ... CAGR dumps another 85,000,000 shares. OS now 1,096,000,000+
n) June 2012 ... Store still not open. No word from company
o) June 8, 2012 ... CAGR dumps another 50,000,000 shares. OS now 1,146,000,000+
p) July 2012 ... Store still not open.
1)Company says they just got permits. Company obviously lying because no one would sign a lease without having the permits.
2) Company posts pictures of a basement renovation.
3) It is reported by one poster that the store location is indeed a basement, is not in the high traffic mall and is on the opposite and low traffic side of the street with several vacant spaces.
q) July 2, 2012 ... CAGR dumps another 215,000,000 shares.[/b] OS now 1,360,000,000+
r) July 6, 2012 ... CAGR closes at .0005. Down 75% from pre-merger price; and down 95%+ from post merger high.
s) July 12, 2012 ... CAGR closes at .0003. Down another 40% just this week.
t) August 14, 2012 ... Store still not open! Now 136 days late
u) Company announces in an email to selected stock holders that there will not be any finacials posted for Q2. Store still not opened.
v) August 17, 2012 ... CAGR dropped to "Limited Information" status with "Yield Sign" displayed.
w) The TA is gagged by company request!
x) October 3, 2012 ... Company blames delay in Grand opening of store on a strain in Sino-Chinese relations, even though such strain occurred two weeks AFTER scheduled opening.
y) October 3, 2012 ... Shareholders find out via an email sent only to listed subscribers that company is making only $300/day in sales. ($9,000.00/mo, $27,000.00/qtr) Given the stated overhead in Q1 report of $450,000+/qtr, company would need to do 51 times its present rate of sales to break even!
z) October 24, 2012 ... Company releases financials. Shareholders find out
1) CAGR dumps another 202,000,000 shares. OS now 1,562,000,000+
2) Company is bleeding money
3) Once again, the report is Unaudited, in spite of repeated company promises to provide audited figures.
aa) November, 2012 ...
1) Company admits the released report is in error and releases several different versions in the days immediately following the first version.
2) Attorney letter filed
3) Second Attorney letter filed, evidently retracting the first Attorney letter
4) essential errors and inconsistencies still appear in report relative to 100s of thousnads of dollars of missing capital.
SEC Rewards Whistleblower With $150,000 Payout
FOR IMMEDIATE RELEASE
2013-231
SEC's order determining whistleblower award claim
http://www.sec.gov/rules/other/2013/34-70775.pdf
Washington D.C., Oct. 30, 2013 — The Securities and Exchange Commission today announced an award of more than $150,000 to a whistleblower whose tips helped the agency stop a scheme that was defrauding investors.
The award recipient, who does not wish to be identified, provided significant information that allowed the SEC to quickly open an investigation and obtain emergency relief before additional investors were harmed. By law, the SEC must protect the confidentiality of whistleblowers and cannot disclose any information that might directly or indirectly reveal an identity.
The award amount represents 30 percent of the money collected by the SEC in the successful enforcement action, the maximum permitted under the law.
“This is continued momentum and success for the SEC’s whistleblower program that is bringing our investigators valuable and timely information to stop ongoing frauds before additional investors can be harmed,” said Sean McKessy, chief of the SEC’s Office of the Whistleblower.
This is the sixth whistleblower to be awarded through the SEC’s whistleblower program since it began two years ago. The largest award was announced earlier this month when a whistleblower was awarded more than $14 million.
For more information about the whistleblower program and how to report a tip, visit www.sec.gov/whistleblower.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540158194
5 lessons we learned while training for our first triathlon
STORY HIGHLIGHTS
CNN Fit Nation team is in Malibu, California, to race their first triathlon
The group reflects on some of the lessons they've learned during training
These lessons apply to all areas of their lives -- and can help you, too
Editor's note: Six CNN viewers were selected to be a part of the Fit Nation Triathlon Challenge program. Follow them on Twitter and Facebook as they train to race the Nautica Malibu Triathlon with Dr. Sanjay Gupta on September 8.
(CNN) -- With less than 48 hours to go before our Fit Nation team tackles its first triathlon in Malibu, California, we asked them to reflect on the past nine months of training. Here are the top five lessons they learned:
Like riding a bike, sometimes in life you just have to let go.
Learning to ride the bike was the toughest challenge I had on this journey. Every ride I had until the midway trip in Florida was full of fear and white knuckles. I couldn't make myself lay off the brakes coming down hills, so it made it very hard to climb back up. But on the midway trip, Coach April got inside my head and heart. During a bike ride, she said, "I want you to know you deserve this -- all the time and work you've put into this. It's worth it; all you have to do is let go and take it."
Like braking on a bike, I was holding on too tightly to people, words and situations that had hurt me and to worries about things I have absolutely no control over.
So write down everything you are holding on to that is preventing you from living the life you deserve. You aren't writing them down to dwell on them; you are writing them down to get them out of your heart and off your mind.
Here's mine: "I am not defined by the scars of my past. It is up to me to define who I am now and who I will become. The only person I can save is myself. When I find it difficult to accept what I have no control over, I will let go and trust in God to guide me."
-- Annette Miller
Giving up is not an option.
Life is never going to stop. The ups and downs of being a human being on God's green Earth are going to continue whether we like it or not. Both honeymoons and valleys are undoubtedly going to greet you along the way.
Don't get me wrong; being on the Fit Nation team has been an awesome experience. But it has also proved to be much harder than I ever expected. I've fallen so many times, and in so many ways, yet I'm not giving up on my goal of crossing the finish line in Malibu.
Whether it's mental or physical, remind yourself that giving up is not an option. Getting to the finish line, regardless of your race, may not be pretty or perfect, but I promise that you'll get there. Just keep picking yourself up when you fall.
-- Douglas Mogle
You can't go wrong following your passion.
Little did I know how triathlon training would permeate my life. I didn't notice it at first; I was too preoccupied with anxiety and fear about the journey upon which I was embarking. Still mired in self-doubt and comparing myself to those around me, I was worried that I wouldn't be enough. Fast enough. Strong enough. Disciplined enough.
But little by little, my attitude shifted. Physical feats I didn't think possible became daily routines. Incrementally, my body and my mind became stronger. I became comfortable in my imperfect body, realizing its value lies not in how others view it or the clothes I use to dress it but rather in the places it can take me.
Others noticed this change too. Friends, family and co-workers remarked that I looked good, looked healthy, looked happy. And I was all of those things and more.
I imagine the same happens when an artist picks up a paintbrush, a dancer learns her first moves or a writer finishes a manuscript. The pleasure in following your heart and working hard to achieve a goal you see so vividly is infectious. Whether it's sport, art, music or any number of things, you can't go wrong with following your passion. You'll soon find your inner joy burning so brightly that others will be drawn to your light.
-- Tabitha McMahon
Keep moving forward.
During the first few weeks, I was completely overwhelmed -- from making time to work out to improving my diet to learning how to operate the new electronic devices we used to track our mileage. So many times, I wondered if I was in over my head and if I really had what it was going to take to do a triathlon in nine short months. Luckily, all I had to do was look at my right wrist, where a silver band with the words "Keep moving forward" reminded me that I didn't need to conquer everything at once; I just needed to take one small step in the right direction in order to keep moving toward my goal.
It is hard for me to put into words how much strength and determination this simple mantra provides me with each and every day. As I have dealt with tragedies, emergencies and the everyday ups and downs of life, it reminded me that a simple step, no matter how small forward, meant I was moving in the right direction.
This time next week, the event that I have trained for and looked forward to since January will be a memory. My fears and anxiety have been replaced with pride and excitement.
I know that for the rest of my life, I will continue to keep moving forward, one step at a time.
-- Rae Timme
Invite others into your world
The reason I am here, feeling well-prepared to start and finish in Malibu, is because of the incredible support I've gotten from my teammates, my family, my friends and even strangers who have followed my progress.
If I had attempted this triathlon thing on my own, I'm not sure that I would have made it. In fact, I know I would have stopped swimming out of pure frustration. But the encouragement and advice that everyone has given to me has carried me through to this point.
We think of triathlon as an individual pursuit, and we do run the races alone. But we didn't get to those races alone. We got there as a team.
My team has carried me through, and I'm proud to say that because of all of you, I am ready to be a triathlete. My most import lesson I've learned is to invite people into your world, allow them to become part of your journey and accept their shoulder for support when you need it. They'll help you achieve your goals.
Understanding Level 2 And Market Makers
Written by Stockalyzer
Market data includes various pricing information (such as the most recently traded price), and various volume information (such as the number of contracts that were most recently traded). Market data is available in two different levels, with level 1 providing the basic trading information, and level 2 providing some additional trading information.
Level 1 Market Data
Level 1 market data provides all of the trading information that most day traders need, including the following :
Bid Price - The highest price that a trader is willing to pay to buy a contract (or share). This is the price that will be received for any market orders to sell a contract.
Bid Size - The number of contracts (or shares) that are available at the bid price. When this number of contracts have been traded, the bid price will move down to the next highest price.
Ask Price - The lowest price that a trader is willing to accept to sell a contract (or share). This is the price that will be received for any market orders to buy a contract.
Ask Size - The number of contracts (or shares) that are available at the ask price. When this number of contracts have been traded, the ask price will move up to the next lowest price.
Last Price - The most recently traded price. This is also known as the closing price, if it is the last price traded in the trading session (i.e. trading day).
Last Size - The number of contracts (or shares) that were most recently traded.
Level 2 Market Data
Level 2 market data provides some additional trading information that is used with trading systems that follow the order flow, such as scalping trading systems or advanced volume based trading systems. The additional trading information includes the following :
Highest Bid Prices - The highest five prices that traders are willing to pay to buy a contract (or share).
Bid Sizes - The number of contracts (or shares) that are available at each of the bid prices. When each of these number of contracts have been traded, the current bid price (included with level 1) will move down to the next level 2 bid price.
Lowest Ask Prices - The lowest five prices that traders are willing to accept to sell a contract (or share).
Ask Sizes - The number of contracts (or shares) that are available at each of the ask prices. When this number of contracts have been traded, the current ask price (included with level 1) will move up to the next level 2 ask price.
Level 2 market data is also known as the order book. When orders are placed, they are placed through many different market makers and other market participants. Level 2 will show you a ranked list of the best bid and ask prices from each of these participants, giving you detailed insight into the price action, including the market depth. Knowing exactly who has an interest in a stock can be extremely useful, especially if you are day trading.
This is what a level 2 quote looks like:
This tell us that NSDQ has a bid of 20,500 shares of stock at a price of $5.49 and the right side tells us that NSDQ wants to sell 14,385 shares at a price of $5.50.
Now let's take a look at the market participants.
The Players
There are three different types of players in the marketplace:
Market Makers (MM) - These are the players who provide liquidity in the marketplace. This means that they are required to buy when nobody else is buying and sell when nobody else is selling. They make the market. In other words, the Market Maker buys and sells the stock to brokerage firms.
Electronic Communication Networks (ECN) - It is an electronic system that brings buyers and sellers together for the electronic execution of trades. It disseminates information to interested parties about the orders entered into the network and allows these orders to be executed. It is important to note that anyone can trade through ECNs, even large institutional traders.
Wholesalers (Order flow firms) - Many online brokers sell their order flow to wholesalers; these order flow firms then execute orders on behalf of online brokers (usually retail traders).
The Ax
The most important market maker to look for is called the ax. This is the market maker that controls the price action in a given stock. You can find out which market maker this is by watching the level II action for a few days - the market maker who consistently dominates the price action is the ax. The ax isn't always trading the stock in one direction or another. Sometime he is keeping it in a tight range and sometimes he is not there at all and another ax may step forward. Note that there are times where there is no ax present. The point is the ax is the one to watch closer than all other parties or MMs. Many day traders make sure to trade with the ax because it typically results in a higher probability of success. Note that the ax is not static. On any given day any party can be an ax, there may be one ax in the morning and another in the afternoon. If a big order comes onto the trading desk of a firm that doesn't do big volume in a certain name, the ax will take care of it and command the action. An ax can easily use an ECN to hide much of their action. They can and will use fake outs. Keeping an eye on Level 2 will reveal the ax.
Each market participant is recognized by the four-letter ID that appears on level II quotes. Here are some of the most popular ones: NITE, ETRD, SCHB, TDCM & ARCA.
NITE - wholesaler
SCHB - wholesaler
TDCM - retailer
ETRD - retail ECN
ARCA - an ECN
NITE : This is the king MM of the OTCBB. He intimides traders and other MMs use that to their advantage knowing that he scares them. That's why NITE is the shaker on most stock runs; he is the most common ax. NITE could be on the ask all the time, he could be leading a dip scaring sellers to SCHB and TDCM on the bid.
Other ECNs : ARCA, BRUT, BTRD, INCA, INTL, ISLD, REDI
Wholesalers : ETRD, HRZG, MASH, NITE, SHWB
Big Shorters : JIMK, POND, GNET or ARCA (anyone can use GNET, even other MMs because it's an ECN).
TDCM - retailer MM.
Top Retail Dilutors : ACAP, AGIS, BAMM, BMIC, CHIG, CLYP, FANC, FRAN, JIMK, MAYF, NATL, PERT, SACM, UCAP, VERT, VFIN
Biggest OTCBB ECNs : GNET, TRAC & DATA
NASDAQ Market Maker List here
OTC Bulletin Board Market Maker List here
TSX Market Makers List here
Level 2 quotes can tell you a lot about what is happening with a given stock:
You can tell what kind of buying is taking place - retail or institutional - by looking at the type of market participants involved. Large institutions do not use the same market makers as retail traders.
If you look at ECN order sizes for irregularities, you can tell when institutional players are trying to keep the buying quiet (which can mean a buyout or accumulation is taking place). We'll take a look at how you can detect similar irregularities below.
By trading with the ax when the price is trending, you can greatly increase your odds of a successful trade. Remember, the ax provides liquidity, but its traders are out there to make a profit just like anyone else.
By looking for trades that take place in between the bid and ask, you can tell when a strong trend is about to come to an end. This is because these trades are often placed by large traders who take a small loss in order to make sure that they get out of the stock in time.
Tricks and Deception
Although watching the level 2 can tell you a lot about what is happening, there is also a lot of deception. Here are a few of the most common tricks played by Market Makers. It’s not easy to tell when these methods are applicable and when there is no real pattern:
Market makers can hide their order sizes by placing small orders and updating them whenever they get a fill. They do this in order to unload or pick up a large order without tipping off other traders and scaring them away. After all, nobody is going to attempt to push through a 500,000 share resistance, but if a persistent 10,000 share resistance is there, traders may still think it is a beatable barrier.
Market makers also occasionally try to deceive other traders using their order sizes and timing. These types of orders are called NITBB or NITSO (No Intention to Buy Bid or No Intention to Sell Offer). When using this technique, the market participant displays a huge size greatly exceeding all others seen on Level 2. Most often it’s done in order to provoke traders to move in the opposite direction, as they are trying to undercut this big size or to get in or out “front running” this size.
Example: If some player wants to accumulate shares at $5.90 while the market is at $5.98 x 10, he can try and display a huge size at $6.02, spooking traders into selling. Meanwhile our player places a bid for small shares at $5.90 with a reserve order for the amount of shares he needs, thus absorbing the selling. When he is done buying, he cancels his sell order. Of course this technique could now be used to propel the stock up. If a quick profit was the original intention of our player, he can do just that by selling his accumulated shares at a higher price. More often, this technique is used simply to accumulate shares when building big position. Needless to say, this can be done only on thinly traded issues – an attempt to do something like this on AAPL will be doomed. This also carries a certain risk – there could be someone attracted by big size to initiate or liquidate his position, and if that happens, our player will be stuck with big position against his original intention.A trader can try and use this situation for a scalp in the opposite direction, buying when the accumulation is done and big intimidating size disappears.A variation of this technique would be to drive a stock to a certain price level by following it with a bid or an offer which stays slightly away from the inside market and chases it as a price moves. If a stock trades at $5.98 x 10 and our player wants it at, say $6.20 to start unloading his position or for whatever reason, he displays big size at $5.93 for instance, and trails it higher as a stock moves higher but stays behind the best bid all the time.In both cases such a “fake” order is usually easy to spot given two signs. Firstly, such an order most often stays slightly away from the inside market. Secondly, if some trades are executed against this order, it usually disappears immediately.
Using big order size for attraction is a directly opposite scenario. When a player has a big position to sell and he senses some buyers are looking for a size to buy, he can try and display big size in order to attract a buyer by opportunity to build his position in a single hit. This involves differentiation between this situation and the one we described earlier, when appearance of a big size will spook traders. An experienced trader working big orders usually possesses such skill (although he won’t be guarantied from mistakes of course).A trader can use this situation as an indication of some institutional interest in a stock. Considering that big institutional firms use a much longer time frame, there is no guarantee that a stock is going to move right away, but it’s worth keeping an eye on for signs of movement starting.
There are cases when a big player interested in a stock, builds his position as a stock moves. There is already interest in a stock aside from his interest, maybe as a result of some news event. Trying to get as much shares as possible at more favorable prices, our player can apply combinations of methods described above. The player will show big sizes trying to cap the movement and provoke pullback which he will be using to accumulate more shares. The player will have to be very careful to avoid being “steamrolled’ by hot buying. As he maneuvers, his movements sometimes can be read. This is dangerous and fast game, for our player as well as for a trader that tries to utilize his moves. If he is using ECNs to mask his identity, this becomes even more of an art. Used in conjunction with chart reading, these observations can provide additional clues for timely entry and exit.
Market makers can also hide their actions by trading through ECNs. Remember, ECNs can be used by anyone, so it is often difficult to tell whether large ECN orders are retail or institutional.
Level 2 can give you unique insight into a stock's price action, but there are also a lot of things that market makers can do to disguise their true intentions. Therefore, the average trader cannot rely on Level 2 alone. Rather, he or she should use it in conjunction with other forms of analysis when determining whether to buy or sell a stock.
Understanding Level 2 And Market Makers
Written by Stockalyzer
Market data includes various pricing information (such as the most recently traded price), and various volume information (such as the number of contracts that were most recently traded). Market data is available in two different levels, with level 1 providing the basic trading information, and level 2 providing some additional trading information.
Level 1 Market Data
Level 1 market data provides all of the trading information that most day traders need, including the following :
Bid Price - The highest price that a trader is willing to pay to buy a contract (or share). This is the price that will be received for any market orders to sell a contract.
Bid Size - The number of contracts (or shares) that are available at the bid price. When this number of contracts have been traded, the bid price will move down to the next highest price.
Ask Price - The lowest price that a trader is willing to accept to sell a contract (or share). This is the price that will be received for any market orders to buy a contract.
Ask Size - The number of contracts (or shares) that are available at the ask price. When this number of contracts have been traded, the ask price will move up to the next lowest price.
Last Price - The most recently traded price. This is also known as the closing price, if it is the last price traded in the trading session (i.e. trading day).
Last Size - The number of contracts (or shares) that were most recently traded.
Level 2 Market Data
Level 2 market data provides some additional trading information that is used with trading systems that follow the order flow, such as scalping trading systems or advanced volume based trading systems. The additional trading information includes the following :
Highest Bid Prices - The highest five prices that traders are willing to pay to buy a contract (or share).
Bid Sizes - The number of contracts (or shares) that are available at each of the bid prices. When each of these number of contracts have been traded, the current bid price (included with level 1) will move down to the next level 2 bid price.
Lowest Ask Prices - The lowest five prices that traders are willing to accept to sell a contract (or share).
Ask Sizes - The number of contracts (or shares) that are available at each of the ask prices. When this number of contracts have been traded, the current ask price (included with level 1) will move up to the next level 2 ask price.
Level 2 market data is also known as the order book. When orders are placed, they are placed through many different market makers and other market participants. Level 2 will show you a ranked list of the best bid and ask prices from each of these participants, giving you detailed insight into the price action, including the market depth. Knowing exactly who has an interest in a stock can be extremely useful, especially if you are day trading.
This is what a level 2 quote looks like:
This tell us that NSDQ has a bid of 20,500 shares of stock at a price of $5.49 and the right side tells us that NSDQ wants to sell 14,385 shares at a price of $5.50.
Now let's take a look at the market participants.
The Players
There are three different types of players in the marketplace:
Market Makers (MM) - These are the players who provide liquidity in the marketplace. This means that they are required to buy when nobody else is buying and sell when nobody else is selling. They make the market. In other words, the Market Maker buys and sells the stock to brokerage firms.
Electronic Communication Networks (ECN) - It is an electronic system that brings buyers and sellers together for the electronic execution of trades. It disseminates information to interested parties about the orders entered into the network and allows these orders to be executed. It is important to note that anyone can trade through ECNs, even large institutional traders.
Wholesalers (Order flow firms) - Many online brokers sell their order flow to wholesalers; these order flow firms then execute orders on behalf of online brokers (usually retail traders).
The Ax
The most important market maker to look for is called the ax. This is the market maker that controls the price action in a given stock. You can find out which market maker this is by watching the level II action for a few days - the market maker who consistently dominates the price action is the ax. The ax isn't always trading the stock in one direction or another. Sometime he is keeping it in a tight range and sometimes he is not there at all and another ax may step forward. Note that there are times where there is no ax present. The point is the ax is the one to watch closer than all other parties or MMs. Many day traders make sure to trade with the ax because it typically results in a higher probability of success. Note that the ax is not static. On any given day any party can be an ax, there may be one ax in the morning and another in the afternoon. If a big order comes onto the trading desk of a firm that doesn't do big volume in a certain name, the ax will take care of it and command the action. An ax can easily use an ECN to hide much of their action. They can and will use fake outs. Keeping an eye on Level 2 will reveal the ax.
Each market participant is recognized by the four-letter ID that appears on level II quotes. Here are some of the most popular ones: NITE, ETRD, SCHB, TDCM & ARCA.
NITE - wholesaler
SCHB - wholesaler
TDCM - retailer
ETRD - retail ECN
ARCA - an ECN
NITE : This is the king MM of the OTCBB. He intimides traders and other MMs use that to their advantage knowing that he scares them. That's why NITE is the shaker on most stock runs; he is the most common ax. NITE could be on the ask all the time, he could be leading a dip scaring sellers to SCHB and TDCM on the bid.
Other ECNs : ARCA, BRUT, BTRD, INCA, INTL, ISLD, REDI
Wholesalers : ETRD, HRZG, MASH, NITE, SHWB
Big Shorters : JIMK, POND, GNET or ARCA (anyone can use GNET, even other MMs because it's an ECN).
TDCM - retailer MM.
Top Retail Dilutors : ACAP, AGIS, BAMM, BMIC, CHIG, CLYP, FANC, FRAN, JIMK, MAYF, NATL, PERT, SACM, UCAP, VERT, VFIN
Biggest OTCBB ECNs : GNET, TRAC & DATA
NASDAQ Market Maker List here
OTC Bulletin Board Market Maker List here
TSX Market Makers List here
Level 2 quotes can tell you a lot about what is happening with a given stock:
You can tell what kind of buying is taking place - retail or institutional - by looking at the type of market participants involved. Large institutions do not use the same market makers as retail traders.
If you look at ECN order sizes for irregularities, you can tell when institutional players are trying to keep the buying quiet (which can mean a buyout or accumulation is taking place). We'll take a look at how you can detect similar irregularities below.
By trading with the ax when the price is trending, you can greatly increase your odds of a successful trade. Remember, the ax provides liquidity, but its traders are out there to make a profit just like anyone else.
By looking for trades that take place in between the bid and ask, you can tell when a strong trend is about to come to an end. This is because these trades are often placed by large traders who take a small loss in order to make sure that they get out of the stock in time.
Tricks and Deception
Although watching the level 2 can tell you a lot about what is happening, there is also a lot of deception. Here are a few of the most common tricks played by Market Makers. It’s not easy to tell when these methods are applicable and when there is no real pattern:
Market makers can hide their order sizes by placing small orders and updating them whenever they get a fill. They do this in order to unload or pick up a large order without tipping off other traders and scaring them away. After all, nobody is going to attempt to push through a 500,000 share resistance, but if a persistent 10,000 share resistance is there, traders may still think it is a beatable barrier.
Market makers also occasionally try to deceive other traders using their order sizes and timing. These types of orders are called NITBB or NITSO (No Intention to Buy Bid or No Intention to Sell Offer). When using this technique, the market participant displays a huge size greatly exceeding all others seen on Level 2. Most often it’s done in order to provoke traders to move in the opposite direction, as they are trying to undercut this big size or to get in or out “front running” this size.
Example: If some player wants to accumulate shares at $5.90 while the market is at $5.98 x 10, he can try and display a huge size at $6.02, spooking traders into selling. Meanwhile our player places a bid for small shares at $5.90 with a reserve order for the amount of shares he needs, thus absorbing the selling. When he is done buying, he cancels his sell order. Of course this technique could now be used to propel the stock up. If a quick profit was the original intention of our player, he can do just that by selling his accumulated shares at a higher price. More often, this technique is used simply to accumulate shares when building big position. Needless to say, this can be done only on thinly traded issues – an attempt to do something like this on AAPL will be doomed. This also carries a certain risk – there could be someone attracted by big size to initiate or liquidate his position, and if that happens, our player will be stuck with big position against his original intention.A trader can try and use this situation for a scalp in the opposite direction, buying when the accumulation is done and big intimidating size disappears.A variation of this technique would be to drive a stock to a certain price level by following it with a bid or an offer which stays slightly away from the inside market and chases it as a price moves. If a stock trades at $5.98 x 10 and our player wants it at, say $6.20 to start unloading his position or for whatever reason, he displays big size at $5.93 for instance, and trails it higher as a stock moves higher but stays behind the best bid all the time.In both cases such a “fake” order is usually easy to spot given two signs. Firstly, such an order most often stays slightly away from the inside market. Secondly, if some trades are executed against this order, it usually disappears immediately.
Using big order size for attraction is a directly opposite scenario. When a player has a big position to sell and he senses some buyers are looking for a size to buy, he can try and display big size in order to attract a buyer by opportunity to build his position in a single hit. This involves differentiation between this situation and the one we described earlier, when appearance of a big size will spook traders. An experienced trader working big orders usually possesses such skill (although he won’t be guarantied from mistakes of course).A trader can use this situation as an indication of some institutional interest in a stock. Considering that big institutional firms use a much longer time frame, there is no guarantee that a stock is going to move right away, but it’s worth keeping an eye on for signs of movement starting.
There are cases when a big player interested in a stock, builds his position as a stock moves. There is already interest in a stock aside from his interest, maybe as a result of some news event. Trying to get as much shares as possible at more favorable prices, our player can apply combinations of methods described above. The player will show big sizes trying to cap the movement and provoke pullback which he will be using to accumulate more shares. The player will have to be very careful to avoid being “steamrolled’ by hot buying. As he maneuvers, his movements sometimes can be read. This is dangerous and fast game, for our player as well as for a trader that tries to utilize his moves. If he is using ECNs to mask his identity, this becomes even more of an art. Used in conjunction with chart reading, these observations can provide additional clues for timely entry and exit.
Market makers can also hide their actions by trading through ECNs. Remember, ECNs can be used by anyone, so it is often difficult to tell whether large ECN orders are retail or institutional.
Level 2 can give you unique insight into a stock's price action, but there are also a lot of things that market makers can do to disguise their true intentions. Therefore, the average trader cannot rely on Level 2 alone. Rather, he or she should use it in conjunction with other forms of analysis when determining whether to buy or sell a stock.
They kill so many and serve a purpose but beware..
Going back to read this thread: nice an worth keeping for those of you who aren't familiar with this (unfortunate, but realistic) reality.
Happy hunting.
serious ... yes !!
Great info thanks...
NNAN-Thx THOUGHT..Will chech it out..
while I'm at it: NNAN. relatively low floater strong bounce play. PR's and pump coming soon.
In, out- month or two. Good times...Maybe
find your archetype and fill in the spaces in the collective unconscious.
YAY!
Here is an interesting read from SEC (IMO):
http://www.sec.gov/comments/4-627/4627-95.pdf
probably bud.. lol
Never did-worth watching?
Just looking at old posts.. You ever watch these videos?
Morning fastlane! what cha doing over on this board?
Asher Enterprises, Inc is a toxic debt financing company domiciled in Delaware, located in New York, and run by Curt Kramer.
ASHER ENTERPRISES, INC.
1 Linden Pl., Suite 207
Great Neck, NY. 11021
Curt Kramer, President
People may recognize the name Curt Kramer from Mazuma Holding Inc and Mazuma Funding Corp. Mazuma ran out of the same office as Asher Enterprises, Inc. While involved with Mazuma, Curt Kramer and his partner Charlie Mayo helped finance several penny stock scam companies.
Asher Enterprises Inc usually gets involved in smaller sized financing agreements that do not require S-1 filings. Common factors in Asher Enterprises Inc financing agreements are really high interest rates and especially ugly conversion ratios. The terms of most Asher Enterprises Inc Notes allow Asher to convert their debt into free trading shares at a 60% discount to the 3 worst closing prices over the previous 10 trading days. Taking the 3 worst closing prices over the previous 10 trading days can often translate into Asher Enterprises Inc getting their shares at well below half of the market price.
These kind of toxic debt arrangements are the most damaging type of financing arrangements because of the high amount of interest the Notes accumulate and the huge discounts given on the shares issued to the Note holder.
The lower the share price goes the more profitable these toxic debt agreements become for the Note holder like Asher Enterprises Inc. Because of this there is incentive for the Note holder to short the stock to drive down the price before converting the Note into free trading shares. After converting the Note into shares the interest changes to pumping the stock to attract buyers to try to sell those shares at as high a price as possible. The Note holder will often times pay for a promotion to facilitate the dumping of their shares. This brings in unsuspecting investors who have no idea they are about to get dumped on probably causing them great losses.
The dumping of these super discount shares drives down the share price of the stock. The lower the share price goes the harder it becomes for the company to raise capital forcing the company to seek out more toxic financing agreements. The lower the share price goes the more discounted shares have to be issued to settle these toxic debts in the future. The company is now trapped in a toxic death cycle. Once a company signs a toxic financing agreement like the type that Asher Enterprises Inc offers there is usually no escaping the inevitable toxic death cycle after that. The outstanding share count will continue to go up and the share price will continue to go down.
It is for this reason that all investors (whether short term flippers or long term investors) need to learn to read filings and recognize toxic financing agreements. Look for convertible debt Notes and look at the terms of those Notes.
Unfortunately not all penny stocks are fully reporting. For non-reporting companies there is usually no way to know if the company is involved in a toxic financing arrangement. This is one of the reasons that non-reporting companies are so risky. You never know when dilution is going to be a major factor in destroying the share price.
Not every toxic Note holder has an easily recognizable name like Asher Enterprises Inc or Lionheart Associates LLC or JMJ Financial or Tangiers Investors LP or NIR Group. Sometimes it is the insiders of the company (former officers/directors, current officers/directors, friends and relatives of former or current officers/directors, etc) that set up toxic convertible debt Notes for their own self enrichment.
Any time you see a convertible debt Note show up in a company filing you better be well aware of when the Note holder received that debt Note and when that Note can start being converted into discounted free trading shares. All convertible debt Notes are red flags for future dilution.
Hopefully some of the changes that come out of the recent SEC Roundtable on the Execution, Clearance and Settlement of Microcap Securities will help curve these self enrichment scams that involve insider owned Toxic debt Notes and also prevent the market manipulation that so often comes with all Toxic financing agreements like the ones offered by Asher Enterprises Inc.
My favorite is I know Who owns the CATTLE ON 10,000 HILLS...<<<<<Sorry to take so long to respond-just saw this..Who is it?
My favorite is I know Who owns the CATTLE ON 10,000 HILLS....
Crazy volume of CAGR DD from RUSTYBUCKSRANCH>>>>>>>..UPDATED 06/19/12 $CAGR list of accomplishments (since Jan. 1st, 2012):
For potential investors and non-investors alike, A compilation of recent $CAGR events and information for DD purposes. Please feel free to add verifiable information (link included) to this list as new information is released.
Latest developments will be added to the bottom of the list as goals are realized.
OTC Pink Current
http://www.otcmarkets.com/stock/cagr/quote
California Grapes International, Inc. (CAGR Tier Change
Thu, Mar 01, 2012 12:00 - California Grapes International, Inc. (CAGR: OTC Link) - Tier Change - The symbol, CAGR, no longer is classified as OTC Pink Limited. As of Thu, Mar 01, 2012, CAGR resides in the OTC Pink Current tier. You may find a complete list of tier changes at otcmarkets.com.
http://stockalyzing.com/pink-otc-market-news.html
Annual Company Disclosure Statement (Revised)
Published: Feb 27, 2012
Period End: Dec 31, 2011
Status: Active
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=73766
Supplemental Information- Beijing Retail California Wine Store Lease OTC MARKET
California Grapes International, Inc. (OTCPINK: CAGR) announces today that it has secured a lease for the first retail store in Beijing targeted to open April 1st.
SEC/FINRA approvals
U.S. embassy connections
Fast track through Customs
California Grapes International, Inc. 1st Retail Location
"CGI" has come to an agreement for a lease with the first retail location. The terms of the agreement are for 3 years and will provide for a retail location that allows for approximately 900 sq. ft. of indoor and 300 sq. ft. of outdoor space in one of the premier shopping and residential developments in Beijing.
California Grapes International, Inc. (OTCPINK: CAGR) announces today that it has shipped the first container for initial inventory its retail store in Beijing.
"CGI" has completed the consolidation and has shipped the first container for inventory of its retail location in Beijing.
The shipment consisted of 198 unique SKUs. Of the wines included, "CGI" has added over 20 new wineries for market testing in the order that we look to place inventory orders with soon. The wineries included in this shipment that will be made available for retail sales are as a direct result of our first market testing in 2011.
Lease agreement for 1st Retail Store
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=73719
California Grapes International, Inc. Record Wine Sales at the 16th Annual Sichuan New Year Shopping Festival
California Grapes International, Inc. (OTCPink: CAGR) announces today that its subsidiary, Beijing Jin Long Fei International Trading Co., Ltd., increased its wine sales over the previous year's performance at the 16th Annual Sichuan New Year Shopping Festival in Chengdu, China. Special occasion purchases for Chinese New Year account for approximately 60% of Chengdu Event wine sales, while around 20% of the purchasing is made because consumers view the healthy qualities of red wine as important. A recent survey suggests there are favorable business opportunities for CA vintners in Chengdu and the Sichuan Province as the market continues to grow and evolve.
http://www.prnewswire.com/news-releases/california-grapes-international-inc-record-wine-sales-at-the-16th-annual-sichuan-new-year-shopping-festival-137750668.html
Investor Kit available:
“CGI” now has an Investor Kit available for download through Company Spotlight.
http://www.cagrapes.com/category/company-update/
THE CC IS POSTED!
http://www.cagrapes.com/category/company-update/
The US Embassy Employees Wine Tasting and Education Event
http://cagrapes.tumblr.com/
California Grapes International, Inc. In the UAE
California Grapes International, Inc. (OTC:CAGR) announces today that it will work with the American Embassy in Abu Dhabi, UAE to conduct a multi-day CA Wine event in the cities of Dubai and Abu Dhabi. "CGI" and the US Embassy plan to conduct a series of 4 strategic tasting events designed to develop and secure new trading lines and business ventures into the UAE for CA Wines.
California Grapes International, Inc. Announces the Hiring of Marble Arch Research, Inc.
California Grapes International, Inc. (OTC: CAGR) announces today that it has entered into an agreement with Marble Arch Research, Inc. as our new Equity Research and Investor Relations firm http://www.marblearchusa.com.
The company's agreement with Marble Arch Research, Inc. is focused and designed to advise on, and assist in providing, a research visibility program and investor relations program intended to stimulate better recognition and understanding of the Company. This agreement will include the following benefits for the company and shareholders;
California Grapes International, Inc. Announces Filing of 2011 Year End Financials and Information Statement
California Grapes International, Inc. (OTC: CAGR) announces today that it has filed "Year End" Financial Statements for 2011 and Year End "Company Disclosure/Information Statement" ending December 31st, 2011.
Fiscal 2011 Financial Highlights:
-- Inventory increased by 83% to $302,906 from $166,050 in 2010
-- Total Assets increased by 30% to $877,123 from $673,003 in 2010
-- Total Sales increased by 303% to $690,343 from $225,537 in 2010
-- Operating loss increased by 61% to $528,372 from $327,782 in 2010
-- Net loss increased by 20% $326,851 from $271,398 in 2010
Jeff Crittenden CEO stated, "2011 was the year of preparation. From the combined efforts of 6 years experience, we are now properly positioned for the 2012, year of execution! As so many domestic businesses have looked at the opportunities of the international market, especially China, as the source for building fortune, the lack of structure, direct engagement and overall business operational requirements needed to succeed have created not much more than a lot of little bites out of a very big pie."
Frank Yglesias EVP of China Operations stated, "We are very pleased, that we now have laid the legal, structural and operational frame work in China to be the top player in the California Wine Industry. China will be the largest wine consumer in the next decade, accounting for 15% of the global consumption."
CAGR working at Marriott/Renaissance Hotels in China
Private Wine Education, Sales & Tasting Event for the Lenovo Group in Beijing. This event was held at the Renaissance Hotel in Beijing on Friday the 9th. Renaissance Hotels are a division of Marriott Hotels (US:MAR).
http://cagrapes.tumblr.com/
Let's not forget the $CAGR online retail store with FREE SHIPPING to China:
http://kznlg.ahvfn.servertrust.com/
Things are falling right into place according to the business plan. The road map to success as it has been laid out by the company is going perfectly to plan and being executed flawlessly.
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Grape Wall of China article Part 1
California Grapes among those planning wine bars in Beijing’s Sanlitun
Posted on | March 5, 2012
Frank Yglesias of wine importer and distributor California Grapes International says the company will soon open a California wine bar and retail space in Sanlitun Soho. The Miami native says he just signed a three-year lease for 135 square meters of space and plans to have it up and running by May 1.
The Sanlitun-Workers Stadium area has seen several major outlets open that are each backed by a single importer, including The Wine Gallery by ASC in Sanlitun North, a three-floor establishment by Aussino in Regentdale Center, Enoterra by Enoterra Trading in Nali Patio and a soon-to-open Everwines shop by Torres China. Operations such as Enoteca, Changyu AFIP, Zun Club, with involvement from Great Wall wines maker COFOC, are also in the area. And look for more to join them. Last week, someone — also from Miami! — told me he is planning one closer to Tuanjeihu Station and at least one other person is contemplating a California wine bar. Whew!
As for Yglesias, he says his company will have 300 different wines from California and plans free tastings for F&B managers early each week, “decompression” tastings on Fridays, and events to allow customers to “discover Californian wines.” Brands listed in the California Grapes catalog include Alpen Cellars, Andrew Lane, Bumgarner, Igneous, Keller Estate and Russian Hill.
I’ll soon have a longer write-up with Ygliesias, covering everything from import challenges to how to increase retail sales, in the next few days.
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Grape Wall of China article Part 2
Wine Word: Frank Yglesias of California Grapes on wine in China
Posted on | March 6, 2012
Frank Yglesias
By Jim Boyce
I recently met with Frank Yglesias of California Grapes International in his office here in Beijing. We talked about issues facing importers, the wines in the CGI portfolio, and his plans to open California wine bar here in May. He agreed to do a longer interview via email. Here it is:
What is the process for adding a California wine to your portfolio, from the point of connecting with the winery to making the wine available to customers here in China?
We are the largest SKU holders of California wines in China with over 300 in our portfolio. Our process is a multilayer one starting in California. My partners there are homegrown Californians: Brian Bumgarner, our CVO (Chief Vintner Officer), has well over 15 years of experience blending and crafting California wines, while Jeff Crittenden, our CEO, and Jeffrey Wieser, our CLO (Chief Logistics Officer), know the ins and outs of consolidating, shipping, logistics and export document management. These skill sets are of the essence since most wineries in California concentrate on producing wine, not exporting wine.
Our California team takes a hands-on approach and selectively chooses esoteric wineries throughout California’s AVA’s [American Viticultural Areas]. We look for unique varietals and unique stories. We believe that besides the wine, the wineries have a story to tell, and it is our mission to share it with consumers.
Once we identify the wines to ship to China, we educate the wineries on the Chinese market and our responsibility in China to their brands and their wines. We take the same “mother hen” passion that they have and export it with the wines.
In China, our company is a WOFE [wholly owned foreign enterprise], and we have all the legal documents to clear Customs and register CIQ [China Inspection and Quarantine] labels, owning the entire process from arrival in China to our warehouse and eventually to our clients. Our strategy is DtC (Direct to Consumers), or, as we like to say, “from grape to glass”. No one touches it but us.
What is the biggest misconception California wine producers have about the China market?
What I call the “fool’s gold syndrome”. The world is overflowing with analytical data about the Chinese market. But does that make the data right? Not necessarily. When you have lived in China, trying to place your stake in the ground, then you get a realistic view of the Chinese market. Everything that shines is not gold.
What are the three biggest mistakes people make when they are importing wine into China?
When importing California wines, I see these common mistakes or pitfalls.
Making California wines price-driven. This is a mistake. No “two-buck chuck”. The private labeling of California wines. This is very bad because it removes the history from the wine and the understanding of what it took to create it.
A lack of understanding of the California wine industry and its vintages and grape varieties.
You’ve told me you think poor selling techniques are a major reason restaurants don’t move more wine in Beijing. What do you mean by that?
Wine sales in the restaurant industry in the U.S. are driven by interaction between the customer and wait staff. As a former restaurant owner in Miami, I love the interaction I get in a restaurant in the U.S. Sadly, the wait staff in China typically lack the skill and education that are needed for such interaction and that are of the essence of the promotion of wine sales in the restaurant industry.
There is a big difference between good service and being subservient. The practice here of no “tipping” does not help promote better service. It is a vicious cycle in China: consumers don’t tip because they get bad service and the wait staff does not give good service because they get no tips. It’s a chicken-and-egg scenario.
My favorite place to drink wine in Beijing, because of the interaction, is Sureno at the Opposite House Hotel in Sanlitun. The wait staff are genuinely friendly, they know you by name, they know their wines and they can make recommendations. They smile, they look you in the eye, and do so with a respectful elegance. Kudos to the team at Sureno.
What would be the one white and one red you would open to impress someone?
For the white, hands down the varietal would be a California Chardonnay. Most people, and even most restaurants, kill a Chardonnay because they chill it too much. It’s not ice wine, and it’s not a Sauvignon Blanc, so it only needs to be slightly colder that a red. I would open a bottle of 2005 Reserve Chardonnay, from the Spring Mountain district in Napa Valley, produced by Vineyard 7&8.
For the red, my favorite varietal is Zinfandel. Its spicy taste and bold finish put it into a league of its own. I would open and decant a bottle of 2003 Zinfandel from Easton wineries in Shenandoah Valley. This “Zin” pared with Korean food is out of this world. You would think the spiciness in the Zin would not pair with kimchi, but it does, and works with the freshness of the vegetables wrapped around the barbecued meat.
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St. Patrick’s Day at Home Plate BBQ Beijing China with the crew of Rock Center of NBC.
http://cagrapes.tumblr.com/
(BY THE WAY... That photo of Frank holding up wine for the camera at Home Plate during the Rock Central segment IS NOT the wine of a competitor that he is advertising!)It's California Grapes wine available IN the Home Plate BBQ restaurant. The Rock Center broadcast has shown us that the "American lifestyle" and "American businesses" are being widely accepted and taking charge in Beijing.
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Ceja’s Wine Tasting Event
March 15, 2012
US Embassy Employees Thursday wine night hosted by California Grapes International at the Renaissance Hotel Beijing.
http://cagrapes.tumblr.com/
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California Grapes International, Inc. Executes Preliminary Reserve Equity Financing Agreement with AGS Capital Group
HENDERSON, Nev., Mar 19, 2012 (BUSINESS WIRE) -- California Grapes International, Inc. (OTCPINK: CAGR), a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, announces today that it has entered the final stages of securing a long term funding solution by way of Reserve Equity Financing “REF”.
“CGI” is expected to finalize negotiations and secure a funding term sheet over the next several days. As the specific details will be released upon execution of the investor’s term sheet, “CGI” has been initially accepted and approved for a Reserve Equity Financing, “REF”, solution from AGS Capital Group, LLC. The dynamic benefits of the “REF” allow “CGI” to manage the process of raising capital through the sale of common shares under a preset purchase arrangement that allows for the company to limit and manage potential shareholder dilution and maximize investment proceeds.
The execution of this agreement between “CGI” and the AGS Capital Group, LLC will represent a financial partnership based on the mutually desired success of “CGI” for the long term. By the nature of the “REF” providing a foundation of a funding commitment, “CGI” will have the ability to provide for a security instrument when approaching and engaging larger investors and institutions with the next phase of our funding efforts. The “REF” is a dynamic financing solution that provides direct investment capital of “up to” a specified funding commitment amount without compromising the company integrity and providing a competitive edge in this critical growth period.
“As we continue to progress in the development and deployment of CGI Retail locations internationally, the foundation of a strong financial partner will be essential. The AGS Capital Group, LLC will allow for a strong financial foundation to build on while providing a very flexible solution through the 'REF'. As CGI will be in control as to when and how to exercise this financing, our ability to manage the long-term company and shareholder value will increase both our exposure and the interest levels of the private and institutional investors of the future.”
-- Jeffrey Crittenden -- CEO “CGI”
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Published email to a shareholder:
From: j.crittenden@cagrapes.com
To: xxxxxx
Sent: 3/21/2012 8:24:07 A.M. Central Daylight Time
Subj: RE: CAGR
Mr. xxxxxx,
Thank you for the email communication and I appreciate your ongoing support for the company.
I do want to apologize however, we have most recently hired a new “Chief Consultant” and I must revert all share holder responses to him as well as any and all financial matters. His name is Ele Kauderer and is the CEO of “The Bull Consulting Group”.
They are a great firm, who in a short time, has done amazing work for our company and has amazing plans on the immediate horizon for our company.
His information is below, feel free to contact him, I think he is in his Miami office this week:
Eleazar Kauderer, CEO
The Bull Consulting Group, Inc.
Www.thebullconsulting.com
NY Corporate : 212-380-1116
Miami : 305-428-2036
Best regards,
Jeffrey Crittenden
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04/12/12: California Grapes International, Inc. Receives $10,000,000 Reserve Equity Financing from AGS Capital Group
California Grapes International, Inc. (OTCPINK: CAGR) a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, confirms it has now received a $10,000,000 in Financing from AGS Capital Group, LLC a US based specialist investor group to fund operational expansion in China.
The AGS “REF” program is a long term strategic financing partnership that places “CGI” in control of how and when we raise equity, minimizing any potential dilution or disruption to our capital structure. “CGI” has the discretion to periodically sell common shares when the prices are attractive to do so. “CGI” decides when the funds are raised and how the funds are utilized. Having AGS Capital Group, LLC as a long-term partner reduces financing uncertainty, so we can better focus on achieving our business objectives.
In accordance with the agreement, “CGI” has retained the New York Law firm of Nannarone & McMurdo, LLP to file a registration statement on Form S-1 with the Securities and Exchange Commission. Following the effectiveness of the registration statement, “CGI” intends to become fully reporting with the SEC and seek uplifting of its common stock listing.
“We are very excited to both invest in and partner with California Grapes International, Inc. Given CGI’s tremendous potential and positioning within the marketplace, the Reserve Equity Financing will provide CGI growth capital at a competitive cost,” – Allen Silberstein – CEO AGS Capital Group, LLC.
“The security of the funding commitment from AGS provides a foundation to ensure the future of CGI. As we continue to pursue new opportunities for growth and expansion, we now have a financial partner with the experience, strength and resources needed for the international markets we plan to expand into!” – Jeffrey Crittenden – CEO California Grapes International, Inc.
About AGS Capital Group, LLC
AGS Capital Group provides flexible equity financing solutions for growth-stage and mid cap public companies as well as private companies looking to go public. AGS Capital Group invests in public companies around the world listed on most exchanges. AGS Capital Group performs fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation. Additional information may be found at www.agscapitalgroup.com.
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04-12-12: California Grapes International, Inc. First Quarter 2012 Operations Update
California Grapes International, Inc. (OTCPINK: CAGR) a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, has completed the first quarter of 2012 and is looking ahead to a very strong year end.
Sales revenues for the first quarter of 2012 ended up at approximately $200,000 and exceeded the company’s expectations. As the company continues to develop and establish a stronger foundation for revenue generation and expansion in China, we are confident in meeting our first year’s revenue and profit goals. “CGI” expects to complete the up-listing process and become fully reporting later this year. We will begin providing revenue guidance once our retail location has established a performance base.
The “CGI” Retail Store was targeted for first part of April 2012 to open. This has been delayed and is now targeted for the first part of May 2012 for the Grand Opening. The creation of a “new” Beijing subsidiary for reduced tax purposes, holiday schedules, demolition times and detailed planning for the right materials and fixtures for the build-out, all contributed to a longer process than expected. As preparation is the key for success, we believe the decision to move the opening date out will greatly benefit all future deployments.
The Bull Consulting Group www.thebullconsulting.com has been retained by “CGI”. With the high level corporate business resources, extensive wine experience and vast international reach of Mr. Kauderer (CEO – The Bull Consulting Group), the synergies of this relationship will help catapult “CGI” in achieving our models full potential. Mr. Kauderer was the critical component in securing the AGS “REF” and is already pursuing opportunities for “CGI’s” expansion into S. Korea. As we continue to refine the corporate structure, Mr. Kauderer also plays a significant role in the alleviation of outstanding debt that has burdened the company for several years.
The United Arab Emirates (UAE) has been an ongoing engagement. The original planned dates for “CGI” at the end of February 2012 ran into several scheduling conflicts. Our Importer, MMI, and some competing food and beverage events being held during the purposed dates, were a main contributing factor in rescheduling. In corporative efforts with US Embassy and Commerce Department, our new dates have now been solidified for May 15th thru 22nd. This additional preparation time has provided for some very valuable developments to come to fruition and additional news will be announced in the coming weeks outlining the entire event schedule and expectations of “CGI’s” position in the UAE.
Marble Arch and “CGI” were brought together through a consulting solution/package offered by way of Constantine Financial Management (CFM). This engagement with CFM ended up to be not in line with the company’s objectives and terminated. The nature of the relationship with Marble Arch in providing an IR resource and generating the Equity Research Report for “CGI” is no longer viable for “CGI”. We are currently communicating and evaluating new IR organizations and will provide information upon finalizing any new agreements.
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04-18-12: CAGR product in Dubai
International Diplomatic Supplies
"Serving the Diplomatic Corps around the world"
(Doing a basic search for "California Grapes International" brings up 61 SKUs available here).
http://www.i-d-s.com/dubai/index.php?searchStr=California+Grape+international+inc.&_a=viewCat&Submit.x=4&Submit.y=6
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04-18-12: California Grapes International, Inc. Finalizes Its Trade Mission to the United Arab Emirates
HENDERSON, Nev.--(BUSINESS WIRE)--
California Grapes International, Inc. (OTCPINK: CAGR.PK - News) a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, has a completed itinerary for the UAE.
The US Commerce Department in Conjunction with the US Embassy (Abu Dhabi) has officially invited, as of January 2012, California Grapes International, Inc. to participate in a series of trade tastings and co-sponsored events specifically designed to develop and establish international export channels into the UAE for California Wines.
The events will take place over a 6 day period of time and will consist of the following highlights;
1) The 15th of May “CGI” will arrive and begin preparations for the first series of tastings in Abu Dhabi
2) The 16th will be a trade specific tasting held at the US Embassy in Abu Dhabi
3) The 17th will be an Expat focused tasting for local Expat residents of Abu Dhabi
4) The 18th will be the “Spotlight” Ambassador Dinner with 150 guests in attendance that will be a co-sponsored event with US Beef supplier
5) The 19th will be travel to Dubai and preparations for the next series of event
6) The 20th will be a trade tasting held at the US Consulate in Dubai
7) The 21st will be an Expat focused tasting for the residents of Dubai
8) The 22nd “CGI” Returns to the US!
*The Expat tasting events are being sponsored by the local chapters of the American Business Council and the US Chamber of Commerce.
As a trade development mission, the US Commerce Department, in cooperation with the US Embassy, have been extremely helpful in coordinating this series of events and being able to secure all of the necessary contacts for logistics support, import services and local media awareness and marketing of the effort in the UAE.
This event for “CGI” is an opportunity to meet directly with the wine buyers of many of the most premier hotel and restaurant venues in the UAE. The opportunity to bring 25 different California Wineries directly to the consumers and venues in this market will give our suppliers a much desired exposure and direct market response for the future sales of their wines in this part of the world. As the UAE represents the largest destination port for US goods in the Middle East, this is an opportunity to break into a very underdeveloped market for “CGI”.
“We are very excited to see this event finally come together and it was definitely worth the additional preparation time. With access to hundreds of direct buyers including National and Regional distributors, Hotel and Restaurant venues, US and Local Businesses and the general consuming community, we see this as a great opportunity for establishing immediate sales in the region!” – Jeffrey Crittenden – CEO California Grapes International, Inc.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
Contact:
California Grapes International, Inc.
Jeffrey Crittenden, 855-558-WINE
ir@cagrapes.com
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Three wine bars for Sanlitun: Everwines, Veloce, California Grapes Int’l
Posted on May 2, 2012 by boyce
Look for plenty of cork popping and screw top twisting in Beijing this summer as at least three wine bars are in the works.
The first full Beijing shop by Everwines, a brand of wine importer and distributor Torres, should be fully open in about six weeks. It will be just up the street from Irish pub The James Joyce and include a retail space, an enomatic machine with eight wines by the glass, and several outdoor areas, including a special patio for those who order pricier bottles. I met Torres’ Alberto Fernandez and Damien Shee at Migas over the weekend and they told me they planned some pre-launch events – bonus Taste of Nations event, please! Everwines also has outlets in Shanghai, Nanjing, Xi’an and Chengdu.
Look also for a wine venue called Veloce to open in 1949: The Hidden City. I stopped by earlier this week to see if Krishna Hathaway, one of the key figures involved, was around to talk but he looked busy training in the former Sugar cafe space. I’ll stop by again soon. Hathaway most recently handled wine at Aman Resort at the Summer Palace. You might want to contact him if you plan to pair cheese and wine.
A third venue, a project by importer and distributor California Grapes International, is planned for Sanlitun Soho. I wrote about this project here ( http://www.beijingboyce.com/2012/03/02/squeezing-in-california-grapes-among-those-planning-sanlitun-wine-bars/ ) and it looks like it will open a bit later than expected. Frank Yglesias says things should be ready by late June and that he will be adding about 200 labels to his already large collection of Californian wines.
http://www.beijingboyce.com/
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California Grapes International, Inc. Announces the Launch of Its "Broker Alliance Program"
Last update: 5/3/2012 10:12:00 AM
HENDERSON, Nev., May 03, 2012 (BUSINESS WIRE) -- California Grapes International, Inc. (otcpink:CAGR) a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, has launched its new Broker Alliance Program "BAP".
The "BAP" specifically targets the convergence of the California Wines Industry's Export Brokers. The international markets pose a significant challenge for the current export broker's efforts when faced with the competition of the well organized, well support and often subsidized wine producing countries that are currently holding a majority of the "import" market share. Today's Export Brokers are primarily a commission driven group that depend on the corporative efforts of the winery, buyer, logistics providers, import customs officials and federal agencies involved with export compliance in order to succeed. Portfolio options, order sizes, an inconsistent export process and lack of in-market presence are all major contributors to underperforming sales results.
The "BAP" is the solution for providing a more consolidated international sales effort. With no changes to an existing broker's compensation, the value of partial shipments, expanded portfolio offerings, uniformed export documents and policies, an in-market presence and the assurance of complying with the proper import procedures and customs registration, offer greater protections to their wineries and their brands as well as an increased level of service to their buyers that will foster substantially stronger relationships and greater sales
Members of the "BAP" will also become owners of California Grapes International, Inc. through a stock base incentive program designed to reward performance and build long-term value. The "BAP" members will also have access to direct market sales through the "CGI" Retail and Direct to Venue sales channels. This access will generate more opportunities for their wineries to participate in direct promotional and event driven activities in-country allowing them more visibility into the consumer base of the international market.
Independent Brokers account for approximately 20-25% of the export revenue. Transactional direct purchases account for approximately 5% of the export revenue. CGI projects that in the next 6 months, we will acquire 2% of this market segment and we expect a 7% realization in the next 12 months. The consolidation through Joint Venture and or Acquisition is targeted to generate consolidated export revenues of 15-20 million dollars after the 1st 12 months.
"With Export Revenue of $900 Million for CA Wine for 2011, the continued growth of export sales will become much greater and more efficient with the consolidated solution offer by the BAP from Californian Grapes International, Inc. With our initial of Brokers already progressing, we project a 5% acquisition rate by the end of 2012. This is a revolutionary solution for the CA Wine Industry and we are excited about growth potential and strength we will create internationally!" -- Jeffrey Crittenden -- CEO California Grapes International, Inc.
California Grapes International, Inc. Jeffrey Crittenden, 1-855-558-WINE ir@cagrapes.com
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Major Mover; California Grapes International Inc. (CAGR)
05/03/2012 @ 10:49AM
California Grapes International Inc. (PINK: CAGR), a provider of full service export, marketing, promotions, distributions and sales for the California Wine Industry internationally, today announced the launch of its new Broker Alliance Program (BAP). The announcement has sent CAGR shares sharply higher in early trading today.
CAGR shares are currently trading 52.17% higher at $0.0035 on above average volume of 85.14 million. The stock has now gained 75% in the last three trading sessions.
CAGR said that its BAP specifically targets the convergence of the California Wine Industry’s Export Brokers and is the solution for providing a more consolidated international sales effort. BAP members will also become owners of CAGR through a stock base incentive program that has been designed to reward performance and build long-term value.
According to Jeffrey Crittenden, CEO of California Grapes International, with export revenue of $900 million for California Wine for 2011, the continued growth of export sales will become much greater and more efficient with the consolidated solution offer by the BAP from CAGR.
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California Grapes International, Inc. Announces Beijing Sales And Operations Update
05/04/2012
California Grapes International, Inc. (OTCPK:CAGR) a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, with its (WOFE) Wholly Owned Foreign Entity; Beijing Jin Long Fei International trading Co., Ltd. today announces an update to the following Sales and Operations status.
The company’s “Discover California Wines Campaign” is gaining momentum and the development of the “CGI” Wine Club for our direct retail consumers has exceeded 200 unique consumer registrations. These registrations represent direct consumers that have a purchasing history and will be specifically invited to the Grand Opening of the Retail Store. The “Wine Club” that has been developed and is being offered by “CGI” is modeled after the traditional wine clubs found at most wineries or retail shops in the USA. This will provide for the Retail Shop to have substantial consumer base immediately upon opening.
“CGI” has been very selective regarding the immediate venue sales and placements thus far in Beijing. “CGI” currently has 6 direct venue locations established. We are currently developing specific activities and promotions for these locations that will become a critical part of the new sales training program that has been developed. Promotions and Events are the key with all venue sales and “CGI” works with each location in order to develop and deliver measurable results.
The month of April accounted for over $100,000.00 in sales and we are excited about the increase in sales the Retail Location is projected to produce. With the Wine Club building, the venue promotions lining up and new staff being trained, “CGI” is on target to exceed our in-market projections of 1 Million in sales by the end of 2012.
“The 'CGI' model focuses on the Expat and Tourist business as the target consumer and our retail store fronts will provide the catalyst for the hospitality industry throughout China. As the 3rd most visited country in the world; in 2010 there were over 56 million oversea tourists that visited China with an estimated $45 Billion Dollars in Foreign Exchange revenue. American’s represents a large number of these tourist and ex-pats living in China and they know California wines, they love California wines and now they have a source to purchase California wines! Our goal is to increase our market awareness in both the general consumer and the Hospitality industry to achieve sales revenues of over $20 million dollars by the yearend 2015.” – Frank Yglesias – EVP of California Grapes International, Inc.
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May 23, 2012 - Q1-2012 financials released......
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=82404
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May 24, 2012 - Q1-2012 Information and Disclosure Statement......
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=82598
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May 31, 2012 - Q1-2012 Information and Disclosure Statement......
Attorney Letter with Respect to Current Information
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=82941
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May 31, 2012 - Q1-2012 Information and Disclosure Statement......
Supplemental Information - Nevada Annual Filing
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=83010
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BLOOMBERG NEWS: Chinese Wine Lovers Go Californian as Taste Widens.
By Elin McCoy - Jun 17, 2012 12:00 PM ET
At Shi Tang, a private wine club in Shanghai, Jesse Coffino circled the table, splashing crisp Graziano chenin blanc from Mendocino county into glasses of 15 eager members.
All were regular drinkers of French wine but had never heard of Mendocino. Coffino had to unroll a map.
“It’s hard to break pre-conceptions in China about where good wine comes from,” said 29-year-old Coffino, a Mandarin- speaking, San Francisco Bay-Area native, the wine’s importer.
French labels, especially Bordeaux, dominate imports in China, with a 45 percent market share, according to VinExpo figures.
Coffino, studio director for prominent Chinese artist Xu Bing, founded San Francisco-based Pacific Brothers Wine company two years ago with his 32-year-old lawyer brother Eli. They’re among the growing number of American entrepreneurs focused on bringing mid-priced, boutique quality California wine to China’s rapidly changing market.
All see potential in the country’s more than a million millionaires and huge aspirational middle class turning on to wine.
California’s Wine Institute international marketing director Linsey Gallagher said in a phone interview that calls from China have convinced her that “California wine could be China’s shiny new toy.”
Excited Converts
Maybe so. By the end of the evening at Shi Tang, Coffino said he had excited converts.
They sipped reds and whites from Calera, Graziano, and Tulocay, the wineries in his portfolio. The favorite was 2007 Monte Volpe Primo Rosso (‘Fox Mountain’ in China), made by Graziano Family of Wines. The fruity Mendocino red blend, neither tannic nor oaky, pairs well with Shanghai’s cuisine.
“We’re going after young middle-class professionals, CEOs and artists,” Coffino explained in New York last month over a glass of spicy Calera Central Coast pinot noir. The China Financial Futures Exchange served the same wine at a recent lunch.
These family-owned wineries have history, which is crucial there, he added, so someone can impress his boss at dinner by recounting the wine’s story.
Discovering California
Interest in mid-range California wine is new in China. Though pioneer importer ASC Fine Wines Holdings lists some well- known brands in its extensive portfolio and Chinese collectors buy pricey auction-grade reds such as Harlan Estate and Opus One, most drinkers are just discovering California makes wine.
Considering that President Richard Nixon served Napa Valley’s Schramsberg Blanc de Blancs 40 years ago at the 1972 ‘Toast to Peace’ in Beijing, why has it taken so long for California wines to catch on?
Napa Valley Vintners communications director Terry Hall explained that only a few wineries exported anywhere before the 1990s. The NVV ramped up efforts in China after the Beijing 2008 Olympics and the economic downturn, sponsoring eight vintner trips to Shanghai and Beijing. That surely helped the state’s exports to China jump 42 percent last year.
Still, small producers remain wary of venturing into the country on their own. Obtaining necessary licenses took Coffino a year. Entry barriers include counterfeiting, customs issues, problems getting paid, and most of all, finding a reliable importer.
Electrical Wire
According to China Customs’ estimates cited in a recent Rabobank China wine market report, 3,863 companies say they import wine. “Companies that import electrical wire suddenly think they can sell wine, too,” Hall said.
That’s why Paul Leary, president of Napa Valley’s Blackbird Vineyards, a producer of excellent cabernet and merlot, signed on with San Francisco wine export and marketing firm Thirvin International.
“Working with a U.S.-based company that takes care of everything adds a level of comfort,” he said.
Brad Tompkins, a former high-tech executive who set up Thirvin in 2010, said he found going into China harder than expected.
“So much California junk with labels like ‘Lucky Red Dragon’ have been dumped into China, they think all California wines are cheap,” he complained when I met him in Hong Kong last fall.
Jim Beam
He’s more sanguine since signing a distribution deal in March with Dxcel International Trading Company, which also handles Jim Beam and American craft beers.
Another player, Nevada-based California Grapes International, opens its first retail shop and tasting bar next month in Beijing’s Sanlitun SOHO district, featuring 100 California labels. One intriguing model for introducing California reds and whites to the Chinese is California Vintage Wine Bar. It opened the first of a planned chain in Hong Kong’s trendy Soho district in 2011. It peddles wines from its 22 partner wineries alongside California fare like heavenly garlic fries and Laura Chenel’s Chevre from Sonoma. Chief branding officer Susan Darwin said the top selling wines aren’t the expected fruity reds. Light, crisp, and aromatic whites, roses, and sparkling wines head the list. The mid-20s to 40 late-night crowd goes for bottlings with wild labels. Another Hong Kong branch opens in August and a first outlet in China’s Guangdong province is next.
Back to Jesse Coffino, who’s leaving for Shanghai next month. Personal relationships are all important in selling wine in China, he said. This trip, he’s meeting with property developers adding retail wine shops to give their developments more cachet.
“You get to know them and maybe you sell something the fifth time,” said Coffino. “In China you have to put in face time.”
(Elin McCoy writes on wine and spirits for Muse, the arts and leisure section of Bloomberg News. The opinions expressed are her own.) To contact the writer of this story: Elin McCoy at elinmccoy@gmail.com
To contact the editor responsible for this story: Manuela Hoelterhoff in New York at mhoelterhoff@bloomberg.net.
http://www.bloomberg.com/news/2012-06-17/chinese-wine-lovers-go-californian-as-taste-widens.html
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California Grapes International, Inc. Announces Preparation of the First Order for the UAE
Monday 18 June 2012 10:08:00 AM
California Grapes International, Inc. (OTCPINK: CAGR) a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, has completed the UAE (United Arab Emirates) trade mission and begins preparations for the first orders to be shipped.
The UAE trade mission recently completed by “CGI”, in conjunction with the US Commerce Department, has opened the door for “CGI” offered CA Wines in a market dominated by European producers. This event for “CGI” included 25 CA Wineries and 73 unique CA Wines and represented the largest showcase of CA Wine available in the country. Both the “trade” and “consumer” tastings received overwhelmingly positive responses and as a result of the exposure we were able to gain access to the key importers and distributors of the UAE. The trade mission was extended an additional 2 days in order to accommodate the meeting requests.
The results produced orders being finalized for “CGI’s” first 3 customers including the US Embassy, Abu Dhabi National Hotel Group and The National Corporation for Tourism & Hotels. Each of these customers provides substantial exposure to the general consumers as well as the tourism industry. The Abu Dhabi Hotel Group operates a chain of luxury hotels that include the Hiltons, Le Meridien, Sheraton and the new Ritz Carlton opening in August 2012. They also operate 6 retail wine and spirits stores and provide distribution and import services directly. NCT&H also has several hotel locations but, focus on a stronger “direct to venue” sales effort. They also have, through strategic relations, several retail sales outlets that we are looking to expand the CA Wine offering into. The US Embassy has committed to purchase as well for sales in the commissary and the support of ongoing development of “CGI” export efforts into the UAE.
As we finalize the necessary import and distribution agreements, “CGI” is looking at several additional opportunities for strategic relations that foster the implementation of more of the complete “CGI Business Model” being deployed. We expect the first shipment to go out in the next 60 days and further partnership development and customer acquisition in the UAE are already underway.
“The UAE is a unique market that is driven by an expat economy. The opportunities in this market go far beyond the UAE itself and truly make this a strategically desirable location for “CGI” to be located. Wine sales in the UAE have flourished for many years and the available CA Wines are limited to say the least. With the support from the US Foreign Agencies and their commitment to develop stronger trade channels, we are looking forward to the future of “CGI” in the UAE!” – Jeffrey Crittenden – CEO California Grapes International, Inc.
http://custom.fmg.dowjones.com/custom/tdameritrade-com/html-story.asp?guid={1df36469-9a4b-4a98-9b09-c2da6de37092}
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Another direct communication with approval to publish from Jeff to a shareholder.
June 19, 2012
Mr. xxx,
We apologize for the delay in the release of UAE information. There are many challenges to doing business in this country and we want to make sure we have everything in the proper order to make this effort a success. Some investors will never change their position no matter what material is provided. As experience has proven again and again, a message board that can allow for the posting of someone’s opinion ends up being a very aggressive/hostile environment that serves individual agendas for the most part. There are many pictures of the events in the UAE that will be posted as “proof” but, we have been evaluating the proper forum to use.
I have copied Mr. Bumgarner on this communication as he is the one coordinating with our contact at the Commerce Department in the UAE. There will be additional information to come regarding the UAE and CGI.
I hope this helps and thank you for the communication.
Best regards,
Jeffrey Crittenden
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Jun 07 NOUV 12 CPS AG ABE SR SHO PSF BE LP AG ABE 007 MY SGO PSP PME
Jun 06 MCII 6 SRR SLL PSL SB
Jun 06 BMSN 6 CPS
Jun 06 MDMC 43 OP SG PSD MP HSP PTS
May 31 SPBU 12 SL SGO SCB
Jun 06 GMXS 68 ORB SCB STP SEX BHS MCR
Jun 06 SEFE 20 MAIL LQU ORB PSX SRW
Jun 06 ORYN 34 ESP PAR CPS BR JL WSG FSE EMP BCS SM BRA SPF SSP BR TSS PCR TNS MH EPS MP PSD PTS XP OHS TSP ORB
Jun 05 MLPH 7 PSP
Jun 05 AVIX 7 APH
Jun 05 IPRU 7 SM
Jun 05 RHCO 8 SH PG ORB
Jun 05 MJNA 13 SCR
Jun 05 BWMG 22 SPAM MP PSD PTS PSX SL CP
Jun 05 PAPA 26 OE ELO EO FCP QOT BTP SRR SLL SB PSL ORB
Jun 04 SFMI 8 PB
Jun 04 IMEK 8 TSS PCR SLL SB SRR PSL
Jun 04 FMNL 21 APH EMP BCS
Jun 01 OMVE 27 SM PSP TNS PCR TSS
Jun 01 TNGN 13 TSF
Jun 01 RESS 35 AG ABE PSL SB SLL SRR TSS PCR PPR PPF SCB
May 31 UAPC 12 UPS
May 31 DGRI 12 PB
May 31 NXOID 12 PTS PSD MP
May 31 COLV 12 PRM
May 31 IAGM 14 ORB
May 30 DTST 13 APH PSD PTS MP
May 30 WAFR 13 HSP
May 30 SUTI 25 PSP SEX
May 30 CUBV 22 PSS PT MCP GSR PSB SB PSL SRR SLL BE PSF SHO IS SR
May 30 CMGO 28 OHS XP
May 30 RACK 49 MAJ SH PSX SEX CPS APH LQU SGO GSR PSB WWS CP AWE SPS CBX PSC TSC SB SRR SLL PSL TNS PPR PPF ESP
May 29 GMXR 14 PSF IS
May 29 FRZT 14 PSP
May 29 GEER 14 PSS PT MCP GSR PSB
May 29 GLDG 14 007 BES AG ABE
May 29 VNGE 14 SHZ
May 29 AFPW 14 PSD PTS MP
May 29 VPER 19 BHS TSS PCR EP
May 29 SUNB 32 SEX STP TSW BRA SM EMP BCS MP PTS PSD
May 25 BRWC 18 007 ESP SGW OE ELO EO FCP QOT BTP
May 25 TLFX 22 SLL SB PSL SRR PSP TNS PCR TSS MPP LQU
May 24 TXGE 19 007 ABE AG BES
May 24 PVSP 19 SL
May 24 CBYI 19 PTS PSD MP
May 24 PPHM 19 PPR PPF
May 24 TEXX 22 GPS APP EO ELO FCP OE
May 24 FONU 20 SEX EMP BCS
May 24 CQPT 21 CPS SPS TSS PCR SEX
May 24 ITNS 62 SM SSP PME PSP PG ORB CPS ESP SGW TSC PCR
May 23 FRFS 20 007 PME BTP QOT EO ELO FCP OE
May 23 CNGI 20 SCR
May 23 SNET 20 APH PTS MP PSD HSP
May 23 GLDN 21 ESP BTP QOT EO ELO FCP OE
May 23 TMEN 40 WSG LQU
May 23 EMPO 35 TBR OP
May 23 SRPX 46 MH EPS PSX PTS PSD MP PSR
May 23 TRON 55 CPS SCB PME SEX LP BE SR SHO PSF WWS MCP PSS PSB PT GSR 007 PSD PTS MP MAJ IS PSL SLL SB SRR
May 22 HYSR 21 PSF SR SHO BE IS
May 22 EVRM 21 007 APH OP
May 22 VRAL 21 PSP TBR
May 22 SIAF 22 SEX APH STP
May 22 LGMH 29 MAJ PSL SRR SLL SB
May 22 HHII 61 ORB PSB GSR PSS PT MCP SCB SRR SLL SB PSL WWS PSM HSP CPS MH EPS SEX PNL DGP BRA PSF SHO SR PPR PPF SGW ESP PSP SGO EO QOT ELO OE BTP
May 21 QUAN 22 QS
May 21 PSMH 22 BCS EMP
May 21 GEAR 22 TSP SM FMR
May 21 EXMT 42 SGO MH EPS BRA SEX
May 21 MELY 90 BES ABE AG SEX HSP LP SR SHO IS BE PSF MCP PSS PT BCS EMP SCB WSG EPS MH APH MCR
May 18 GNXP 25 MP PSD PTS HSP
May 18 BRFH 29 ESP SGO TSS PCR
May 17 MSLP 76 TSP SM STP PSD MP PTS WWS HPS BHS HSS MCR
May 17 PPBL 26 APH PTS PSD MP HSP
May 17 PYDS 26 SG
May 17 IZEA 26 LQU
May 17 VIBE 26 PSS PT MCP GSR PSB
May 03 LXES 53 007 PME PSL SLL SRR SB CPS BE SHO SR LP IS PSF
May 17 NRTI 36 TNS SSP
May 17 UYMG 28 AG ABE BES LQU TSW
May 16 SGLN 27 PG
May 16 SPAG 27 SCB
May 16 AXCG 42 PSP SGW EPS
May 16 PFNI 39 SHZ APH PCR TSS SEX
May 16 ABOT 33 PPR PPF MAJ AG SEX
May 16 QASP 49 SR SHO PSF IS BE ORB
May 16 STKO 82 WA SS SCR
May 15 SNTL 75 PG ORB HSP
May 15 IDOI 29 SB PSL SLL SRR SR SHO PSF BHS LQU BRA
May 14 PGSY 29 HOT
May 14 MBDE 29 PSP
May 14 ACGX 29 BTP FCP QOT OE ELO EO
May 14 BYSD 29 TBR
May 14 SAVY 29 ESP SL
May 14 GSAG 29 SCB
May 14 CCAJ 40 XP OHS
May 14 LUXR 82 MAIL XP OHS SH FMR
Mike is the man!>>Mike Klingler
The moment you decide what you want (to create, contribute, manifest into your life), you have found your purpose for living. Without that decision, you fall into place, supporting what others want the world to look like (through your purchases, jobs, business opportunities pursued, investments). Once you decide what you want, you become a co-creator, and a collaborator, attracting the people into... your life who support you... and who you support... aligned by core values, shared intentions... and a vision for how you'd like to see the world. Be the change you want to see. Decide how you want to see the world... and 'BE'come that. In other words, PRACTICE spending your money, doing business with, and partaking in opportunities (career, job, business, investment) that align with who you've decided to be, based on how you'd like the world to be. This is how you find your purpose. This is how you live with passion. This is authentic, effortless living. This is YOUR definition of success! (More on this in our Course Book 101, Rise Of The New Professional). Pass the message on...
This tells the story, why Bush was so bad at the end of his term.
Some people aren't aware of all of this. Don't just skim over this, please read it slowly and let it sink in. If in doubt, check it out.
The day the democrats took over was not January 22nd 2009, it was actually January 3, 2007... the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.
The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this:
January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
Remember the day...
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
Unemployment... to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!
Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy.
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA
And who fought against reform of Fannie and Freddie?
OBAMA and the Democrat Congress
So when someone tries to blame Bush..
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"
Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democrat Party.
Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.
In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.
And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009.
If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is "I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th."
There is no way this will be widely publicized unless each of us sends it on!
VSHC and TSNP..two up and commers!
Here is a list of 15 things which, if you give up on them, will make your life a lot easier and much, much happier. We hold on to so many things that cause us a great deal of pain, stress and suffering – and instead of letting them all go, instead of allowing ourselves to be stress free and happy – we cling on to them. Not anymore. Starting today we will give up on all those things that no longer serve us, and we will embrace change. Ready? Here we go:
1. Give up your need to always be right. There are so many of us who can’t stand the idea of being wrong – wanting to always be right – even at the risk of ending great relationships or causing a great deal of stress and pain, for us and for others. It’s just not worth it. Whenever you feel the ‘urgent’ need to jump into a fight over who is right and who is wrong, ask yourself this question: “Would I rather be right, or would I rather be kind?” Wayne Dyer. What difference will that make? Is your ego really that big?
2. Give up your need for control. Be willing to give up your need to always control everything that happens to you and around you – situations, events, people, etc. Whether they are loved ones, coworkers, or just strangers you meet on the street – just allow them to be. Allow everything and everyone to be just as they are and you will see how much better will that make you feel.
“By letting it go it all gets done. The world is won by those who let it go. But when you try and try. The world is beyond winning.” Lao Tzu
3. Give up on blame. Give up on your need to blame others for what you have or don’t have, for what you feel or don’t feel. Stop giving your powers away and start taking responsibility for your life.
4. Give up your self-defeating self-talk. Oh my. How many people are hurting themselves because of their negative, polluted and repetitive self-defeating mindset? Don’t believe everything that your mind is telling you – especially if it’s negative and self-defeating. You are better than that.
“The mind is a superb instrument if used rightly. Used wrongly, however, it becomes very destructive.” Eckhart Tolle
5. Give up your limiting beliefs about what you can or cannot do, about what is possible or impossible. From now on, you are no longer going to allow your limiting beliefs to keep you stuck in the wrong place. Spread your wings and fly!
“A belief is not an idea held by the mind, it is an idea that holds the mind” Elly Roselle
6. Give up complaining. Give up your constant need to complain about those many, many, maaany things – people, situations, events that make you unhappy, sad and depressed. Nobody can make you unhappy, no situation can make you sad or miserable unless you allow it to. It’s not the situation that triggers those feelings in you, but how you choose to look at it. Never underestimate the power of positive thinking.
7. Give up the luxury of criticism. Give up your need to criticize things, events or people that are different than you. We are all different, yet we are all the same. We all want to be happy, we all want to love and be loved and we all want to be understood. We all want something, and something is wished by us all.
8. Give up your need to impress others. Stop trying so hard to be something that you’re not just to make others like you. It doesn’t work this way. The moment you stop trying so hard to be something that you’re not, the moment you take of all your masks, the moment you accept and embrace the real you, you will find people will be drawn to you, effortlessly.
9. Give up your resistance to change. Change is good. Change will help you move from A to B. Change will help you make improvements in your life and also the lives of those around you. Follow your bliss, embrace change – don’t resist it.
“Follow your bliss and the universe will open doors for you where there were only walls” Joseph Campbell
10. Give up labels. Stop labeling those things, people or events that you don’t understand as being weird or different and try opening your mind, little by little. Minds only work when open. “The highest form of ignorance is when you reject something you don’t know anything about.” Wayne Dyer
11. Give up on your fears. Fear is just an illusion, it doesn’t exist – you created it. It’s all in your mind. Correct the inside and the outside will fall into place.
“The only thing we have to fear, is fear itself.” Franklin D. Roosevelt
12. Give up your excuses. Send them packing and tell them they’re fired. You no longer need them. A lot of times we limit ourselves because of the many excuses we use. Instead of growing and working on improving ourselves and our lives, we get stuck, lying to ourselves, using all kind of excuses – excuses that 99.9% of the time are not even real.
13. Give up the past. I know, I know. It’s hard. Especially when the past looks so much better than the present and the future looks so frightening, but you have to take into consideration the fact that the present moment is all you have and all you will ever have. The past you are now longing for – the past that you are now dreaming about – was ignored by you when it was present. Stop deluding yourself. Be present in everything you do and enjoy life. After all life is a journey not a destination. Have a clear vision for the future, prepare yourself, but always be present in the now.
14. Give up attachment. This is a concept that, for most of us is so hard to grasp and I have to tell you that it was for me too, (it still is) but it’s not something impossible. You get better and better at with time and practice. The moment you detach yourself from all things, (and that doesn’t mean you give up your love for them – because love and attachment have nothing to do with one another, attachment comes from a place of fear, while love… well, real love is pure, kind, and self less, where there is love there can’t be fear, and because of that, attachment and love cannot coexist) you become so peaceful, so tolerant, so kind, and so serene. You will get to a place where you will be able to understand all things without even trying. A state beyond words.
15. Give up living your life to other people’s expectations. Way too many people are living a life that is not theirs to live. They live their lives according to what others think is best for them, they live their lives according to what their parents think is best for them, to what their friends, their enemies and their teachers, their government and the media think is best for them. They ignore their inner voice, that inner calling. They are so busy with pleasing everybody, with living up to other people’s expectations, that they lose control over their lives. They forget what makes them happy, what they want, what they need….and eventually they forget about themselves. You have one life – this one right now – you must live it, own it, and especially don’t let other people’s opinions distract you from your path.
.
As Einstein said, after hydrogen, stupidity is the most common thing in the universe.
Links list
A/S for Nevada and some other States- http://www.authorized-shares.com/
Bio Health Inspector- http://www.biohealthinvestor.com/
Bio Med Reports- http://biomedreports.com/
Bio Space - http://www.biospace.com/
Canadian Sedar Filings - http://www.sedar.com/search/search_form_pc_en.htm
Candlesticks - www.candlesticker.com/Default.asp
Chart Analysis - www.stockcharts.com/school/doku.php
Chart Video Lessons - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46647251
China Business News - http://www.chinadaily.com.cn/bizchina/index.html
Clinical Trials - http://www.clinicaltrials.gov/
Commodities and Futures - http://www.bloomberg.com/markets/commodities/futures/
Corporate Records Search - http://www.coordinatedlegal.com/SecretaryOfState.html
Corporate Records Search - http://www.searchsystems.net/list.php?nid=398
DD Machine - http://www.ddmachine.com/
Earnings Whispers- http://www.earningswhispers.com/calendar.asp
Eye on the FDA - http://www.eyeonfda.com/
Fool.com - http://www.fool.com
Level 2 Video Tutorial - http://stockhideout.com/images/flash/level.html
Low Float Stocks - http://www.lowfloat.com/
MarketWatch.com - http://www.marketwatch.com/
MicrocapMarkets NASDAQ <$5 - http://www.microcapmarkets.com/data_main_nav.jsp?market=NASDAQ
MicrocapMarkets OTCBB - http://www.microcapmarkets.com/data_main_nav.jsp?market=OTCBB
Mining MX - http://www.miningmx.com/
NASDAQ Stock Market - http://www.nasdaq.com/
NASDAQ Stock Guru Anbalysis - http://www.nasdaq.com/quotes/stock-guru-analysis.aspx
NASDAQ/NYSE/AMEX Stock Info - www.secfilings.com/
Natural Resources News & Commentary - http://www.resourceinvestor.com/Pages/default.aspx
OTCBB Daily List - http://www.otcbb.com/dailylist/
Pinksheets Stock Info - www.otcmarkets.com/pink/index.jsp
Precious Metals - http://www.kitco.com/
Press Releases - http://www.prnewswire.com/news-releases/
Recent Insider Trades - http://openinsider.com/
Reverse Mergers - http://www.gopublic.com/reversemerger.html
Reverse Merger Report - http://reversemerger.dealflowmedia.com
Reverse Splits - http://investorshub.advfn.com/boards/board.aspx?board_id=3017
SEC - http://www.sec.gov
SEC Filings - http://www.edgar-online.com
SEC Form Definitiona - http://learn.westlawbusiness.com/support/formtypes.html
Seeking Alpha BioTech Stocks - http://www.seekingalpha.com/sector/biotech
Shell Stocks - http://www.shellstockreview.com
Stock Promotions - www.stockpromoters.com
Stock Promotions - www.stockreads.com/
Stock Research - http://www.stockhouse.com
Technical Analysis - http://stockta.com/
Toronto Stock Exchange Information - http://www.tmxmoney.com/en/index.htmlTransfer
Transfer Agents in the United States - http://www.stocktransfer.com/index.cfm?action=about.network.transferAgents
just needs some attention and love at the ask <<<<$ITNS..I will if you will..
XnE, Inc. Signs Agreement to Acquire Silver Property in the Slocan Mining District
Date: Fri, Mar 9, 2012 4:00 PM EST
XnE, Inc. (Pink Sheets: XNEZ.pk) has signed an agreement with ("CVOL") to acquire a silver property ("Project") in the Slocan mining district of British Columbia.
The BNA Group 19 Tenures Project is located approximately 20 km northeast of Kaslo in the Province of British Columbia, Canada. The Project encompasses an area covering 1,250 ha or approximately 3,088 acres historically known as the "Silvery Slocan".
The Slocan mining district is considered a widely mineralized area consisting of silver-lead-zinc ores. The Slocan area is one of the oldest mining areas in the province of British Columbia, Canada and has flourished since the turn of the century. Due to the recent increases in commodity prices and the rise in silver ore value exploration has again become increasingly attractive within the Slocan area.
The company believes that this is an extraordinary opportunity due to the values of recoverable commodities and makes revitalizing this prospect a great first step for XnE. The company's goal is to become a solid junior exploration and acquisition participant in this historically prolific region.
$ITNS..Been watching and waiting for over a week..Is it time?
Hey Bruce, ITNS has been at 03/04 for a long time -- just needs some attention and love at the ask and this one will breakout IMO 2
$ITNS is definitely on watch for bottom
We are what we repeatedly do. Excellence, therefore, is not an act but a habit.
Shares Outstanding 67,635,000 a/o Nov 04, 2011
Float 22,635,000 a/o Nov 04, 2011
Authorized Shares 250,000,000 a/o Sep 30, 2011
A CHRISTIAN DEMOCRAT: You have two cows. You keep one and give one to your neighbor.
A SOCIALIST: You have two cows. The government takes one and gives it to your neighbor.
A REPUBLICAN: You have two cows. Your neighbor has none. So what?
A DEMOCRAT: You have two cows. Your neighbor has none. You feel guilty for being successful. You vote people into office who tax your cows, forcing you to sell one to raise money to pay the tax. The people you voted for then take the tax money and buy a cow and give it to your neighbor. You feel righteous.
A COMMUNIST: You have two cows. The government seizes both and provides you with milk.
A FASCIST: You have two cows. The government seizes both and sells you the milk. You join the underground and start a campaign of sabotage.
DEMOCRACY, AMERICAN STYLE: You have two cows. The government taxes you to the point you have to sell both to support a man in a foreign country who has only one cow, which was a gift from your government.
CAPITALISM, AMERICAN STYLE: You have two cows. You sell one, buy a bull, and build a herd of cows.
BUREAUCRACY, AMERICAN STYLE: You have two cows. The government takes them both, shoots one, milks the other, pays you for the milk, then pours the milk down the drain.
AN AMERICAN CORPORATION: You have two cows. You sell one and force the other to produce the milk of four cows. You are surprised when the cow drops dead.
A FRENCH CORPORATION: You have two cows. You go on strike because you want three cows.
A JAPANESE CORPORATION: You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk.
A GERMAN CORPORATION: You have two cows. You reengineer them so they live for 100 years, eat once a month, and milk themselves.
AN ITALIAN CORPORATION: You have two cows but you don't know where they are. You break for lunch.
A RUSSIAN CORPORATION: You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 12 cows. You stop counting cows and open another bottle of vodka.
A MEXICAN CORPORATION: You think you have two cows, but you don't know what a cow looks like. You take a nap.
A SWISS CORPORATION: You have 5000 cows, none of which belongs to you. You charge for storing them for others.
A BRAZILIAN CORPORATION: You have two cows. You enter into a partnership with an American corporation. Soon you have 1000 cows and the American corporation declares bankruptcy.
AN INDIAN CORPORATION: You have two cows. You worship them.
ENRON CORPORATION: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so you get all four cows back with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholders who sell the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option to buy one more.
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It seems like he and many others see where the bounce happens but can not usually announce the bounce prior to the decline. Anyhow, better than most
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