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Durable orders fall 8.3% in October, most in 6 years
By Rex Nutting
Last Update: 8:30 AM ET Nov 28, 2006
http://tinyurl.com/y6qr84
WASHINGTON (MarketWatch) - Led by falling order for new airplanes, demand for U.S.-made durable goods fell 8.3% in October, erasing September's 8.7% gain, the Commerce Department said Tuesday.
It was the biggest drop in orders for durable goods since July 2000. New orders for civilian aircraft plunged 44.5% last month.
Excluding transportation goods, orders fell 1.7%. Orders for core capital goods fell 5.1% in October, the first decline in six months.
The 8.3% decline was much greater than the 4.8% drop expected by Wall Street economists surveyed by MarketWatch.
Composite Technology and TECO-Westinghouse Motor Co. Announce Strategic Alliance Agreement:
Tuesday November 28, 8:05 am ET
http://biz.yahoo.com/prnews/061128/latu058.html?.v=85
Strategic Alliance Agreement Brings Wind Turbine Manufacturer to Texas:
IRVINE, Calif. and ROUND ROCK, Texas, Nov. 28 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) and TECO-Westinghouse Motor Company are pleased to announce the signing of a Strategic Alliance Agreement between the two companies. The Strategic Alliance Agreement sets out the intentions of the companies in the areas of manufacture, research & development, and regarding service & maintenance activities within North America.
"This Agreement is expected to lead to a full, turnkey manufacturing relationship that will allow our wind turbine subsidiary, DeWind, Inc., to execute substantial turbine orders for our advanced DeWind D8.2 that we are finalizing," said Benton Wilcoxon, Chairman and CEO of CTC. "By partnering with an exceptionally well qualified manufacturer, it allows us to concentrate on growing the wind turbine business and ensure that the DeWind D8.2 is built to the highest standards needed to make our wind turbines a truly reliable energy source."
Dr. H. C. Meng, President of TECO-Westinghouse Motor Company stated, "We are very excited about this new relationship. We can finally bring wind turbine manufacturing to Texas. It will make the expertise of TECO-Westinghouse available to the wind industry through our involvement in the deployment of the advanced DeWind D8.2 turbine."
"Texas is leading the nation in wind energy production, and the announcement by CTC and TECO-Westinghouse is further evidence of the private sector's commitment to helping meet the growing energy needs of our state," said Texas Gov. Rick Perry. "New wind energy infrastructure will not only diversify our energy production, it also will help clean up our air and help Texas surpass our renewable energy goals."
The proposed manufacturing agreement provides for TECO-Westinghouse to manufacture the DeWind D8.2 turbine for CTC for distribution to the North American market. The Strategic Alliance Agreement provides for local manufacturing in Texas, the state that currently generates the largest amount of wind derived kilowatts. The DeWind D8.2 will be assembled at the ISO 9000 certified TECO-Westinghouse factory in Round Rock, Texas. Marv Sepe, Vice President of Production at CTC noted: "Partnering with a company capable of assembling the DeWind D8.2 to the highest quality standards, as shown by their ISO 9000 certification is vital to the success of the DeWind D8.2 wind turbine roll out."
TECO-Westinghouse, in partnership with CTC, will use their manufacturing and supply chain expertise to produce nacelles and hubs. "Supply chain control is the key to success for wind turbine manufacturing," said Richard Fesmire, Director of Operations of TECO-Westinghouse Motor Company, "and we intend to use all of our global resources to maintain supply chain efficiency. On the manufacturing side, we will employ time proven cell based manufacturing." TECO-Westinghouse's involvement in the wind industry goes back to the early 1980's when Westinghouse produced some early wind turbine designs. A few of these early turbines are still used as blade testing machines at the National Wind Technology center in Boulder, Colorado.
The Strategic Alliance Agreement also provides for the two companies to cooperate on developing further advances to the DeWind range of wind turbines to improve efficiency and reliability that will maintain technological and engineering leadership. "Our collaboration will bring together the TECO-Westinghouse Motor Company Research & Development Group and the DeWind Research & Development Group to develop advanced generators and electronics for wind turbines and to improve the wind turbines of the future," said Dr. George Gao, Director of Global Research & Development for TECO-Westinghouse Motor Company.
The Strategic Alliance Agreement also outlines a service agreement that will utilize the DeWind expertise along with the TECO-Westinghouse service infrastructure to provide O&M services for the Wind Industry in North America. DeWind and TECO-Westinghouse recognize the need to be able to deliver a customer focused service organization for the Wind Turbine market not only for the new DeWind turbines but also for other manufacturers' turbines in the market. "The service opportunities in North America are tremendous and the choice of service providers is limited in today's market," said Andy Lockhart, Vice President of Marketing for CTC. "Using experience derived from our German service venture, we believe the creation of a North American service organization that will service all models of wind turbine including our own has the potential to develop into a significant profit center for the business."
About CTC:
Composite Technology Corporation, based in Irvine, California, USA develops, manufactures and sells high performance electrical transmission and renewable energy generation products through its subsidiaries:
* CTC Cable Corporation produces composite rod for use in its proprietary
ACCC aluminum conductor composite core. ACCC conductors virtually
eliminate the sag in power lines caused by high current and high line
temperatures. ACCC conductors also reduce electricity line losses, and
have demonstrated significant savings in capital and operating expenses
when substituted for other conductors. ACCC conductors enable grid
operators to eliminate blackouts and brownouts, providing a 'reserve
electrical capacity' by operating at higher temperatures. ACCC
conductors are an innovative solution for reconductoring power lines,
constructing new lines and crossing large spans. ACCC composite rod is
delivered to qualified conductor manufacturers worldwide for local ACCC
conductor production and resale into local markets.
* DeWind, Inc., and EU Energy Ltd., produce, sell, and license the DeWind
series of wind energy turbines including the 50Hz D6 rated at
1.25 megawatts (MW) and the 50Hz D8 rated at 2MW, both noted for their
reliability. In 2007, the first new 2MW D8.2 turbines are planned to
be delivered to North American customers from assembly operations in
Germany and the US. The D8.2 utilizes the advanced WinDrive®
hydrodynamic torque converter developed by Voith AG with a synchronous
AC generator that is able to connect directly to the grid without the
use of power conversion electronics. The DeWind D8.2 will be available
in both a 60Hz and 50Hz version.
For further information visit our websites: www.compositetechcorp.com & www.eunrg.com
For Investor Relations Contact: James Carswell, +1-949-428-8500
About TECO-Westinghouse Motor Company
TECO-Westinghouse Motor Company is a leading manufacturer of electric motors and generators, with a broad selection ranging from 1/4 HP to 100,000 HP. The company also manufactures and supplies motor controls, engineering services, renewal motor parts, and large motor repairs. Headquartered in Round Rock, Texas, TECO-Westinghouse serves the petrochemical, electric utility, pulp and paper, water, mining and metals industries in applications that include pumps, fans, compressors, wound rotor generators for wind turbines, conveyors, rolling mills, grinders and crushers.
For further information, please visit our website at www.tecowestinghouse.com, or contact Lana DeLeon at 512-218-7409.
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (Company). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, the ability of the company to convert quotations and framework agreements into firm orders, general economic conditions, the availability of funds for capital expenditure by customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, successful integration of the EU Energy acquisition, ability to produce the turbines and acquire its components, ability to maintain quality control, collection-related and currency risks from international transactions, the successful outcome of joint venture negotiations, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company including those that are found in the Company's Annual Report filed with the SEC on Form 10-K for fiscal year ended September 30, 2005 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K and including those pertaining to EU Energy that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.
Source: Composite Technology Corporation; TECO-Westinghouse Motor Company
Good Morning Peggy Sue ;^))
That was an interesting article...
Rumors...Rumors of defections...Rumors of takeovers...Rumors of shake ups...
Maybe that's just what YHOO needs to pull it's head out of the TOILET!...LOL
Hi PP...Back to the ol' Texas two-step for YHOO, eh?
Lots of rumours flying around but the one I like best is a takeover by Microsoft! One can dream, no? ;)
More from the Yahoo Rumor Mill
Monday November 27, 4:26 pm ET
By the BullMarket.com Staff
Rumors aren't something we base investment decisions on, but besides being fun to comment on, they also often hold up an interesting if somewhat distorted mirror to Wall Street's thoughts on corporate America. One rumor cited at the New York Post today hints that Yahoo CEO Terry Semel could be the guy about to take over NBC, the TV unit of General Electric.
That Semel's name came up isn't that farfetched. He has a Hollywood pedigree, serving as co-CEO at Warner Bros. prior to taking the helm at Yahoo. More importantly, Yahoo recently bounced off a multi-year low in part on speculation that the company is a takeover target for firms like Microsoft and Comcast, or perhaps even Verizon Communications. Rumors of a new job for Semel fit into this speculation to the extent that we wouldn't expect him to stick around in the event of a Yahoo takeover.
In addition to the takeover speculation, there have also been some calls for change at the top of Yahoo, including from our sister publication FindProfit.com. Semel, who performed well in his first years, is now believed by some to have spread Yahoo's efforts and resources out too thinly. That view also fits with recent events, including the company's recently publicized "Peanut Butter Manifesto," which among other things calls for staff cuts and better business focus.
We believe that there is room for improvement at Yahoo and that this could include a shakeup of top-level management. We expect that there will be some restructuring ahead, which should help unlock greater profitability. Whether that reaches to the head office remains to be seen. The latest rumor on Semel adds somewhat to that possibility, but we highlight that this not only remains a rumor, but also that any change in the CEO's office will only be worthwhile with the right person filling Semel's shoes. Simply to stir the pot a little, might we suggest that a real coup would be winning over a top-level exec from Google.
Redback Networks Announces Technology-Sharing Agreement in Asia
ETRI to Share Technology for Redback SmartEdge Routing Products:
Last Update: 10:00 PM ET Nov 27, 2006
http://tinyurl.com/ydgdef
SAN JOSE, Calif., Nov 27, 2006 (BUSINESS WIRE) -- Redback Networks Inc. (RBAK) , a leading provider of multi-service edge routers for next generation IP networks, today announced a joint development agreement with the Electronics and Telecommunications Research Institute (ETRI), a research agency funded by government and private companies in Korea to advance information and communication technologies.
ETRI's technology will be integrated into certain Redback routing products. ETRI's technology will be used to extend Redback's core broadband technologies to meet the needs of communications carriers and government-run networks in Korea and Greater Asia.
Future collaboration also is planned around mobility services. Mobility services are attractive to Redback because the addressable edge router market for mobility services is expected to exceed $1.2 billion worldwide by 2008, according to two market authorities, the Yankee Group and Infonetics Research.
"Redback has a solid history of collaboration and service innovation with Korean carriers, such as Korea Telecom (KT), and our equipment has been a critical component of the deployment of nationwide multi-service broadband networks," said Simon Williams, vice president of sales and operations for the Asia Pacific region at Redback Networks. "We believe that working with ETRI will help tailor our SmartEdge family of products to the Korean market and expand our broadband mobility opportunities in Korea."
ETRI has a long and distinguished track record of world-class engineering research and partnering with world-class technology companies. For example, ETRI co-developed CDMA cell-phone technology with Qualcomm, the U.S. chip maker, for advanced cell-phone chips and handsets used in Korea and greater Asia.
The initial focus of the Redback-ETRI technology sharing agreement will be on the BSP-10. The BSP-10 is a version of the SmartEdge 100, introduced by Redback in 2006. The BSP-10 is manufactured and sold by Kisan Telecom of Korea, a deal Redback announced in October 2006. The BSP-10 will be optimized for the specific requirements of the Korean market.
Redback believes ETRI's software and hardware technologies will help drive additional opportunities in the carrier and government sectors in Korea. Redback plans to incorporate technology from ETRI to help accelerate deployment of integrated wired and wireless broadband infrastructures as well as advanced voice and video services.
In Korea, Redback already helps deliver data, voice and video services to more than five million users of Korea Telecom and other carriers.
Twelve of the top 20 telephone carriers worldwide deploy Redback's SmartEdge family of multi-service edge routers to deliver multiple broadband services to tens of millions of business and residential customers worldwide. These customers include British Telecom, Belgacom, BellSouth, China Telecom, China Netcom, Chunghwa Telecom (Taiwan), eAccess (Japan), France Telecom, Korea Telecom and Turk Telecom, among others.
About Redback Networks:
Redback Networks Inc. manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. Redback's multi-service routing platform delivers next generation broadband services such as VoIP, IPTV, On-Demand Video and on-line gaming. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10 year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at:
http://www.redback.com
REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.
Note Regarding Forward Looking Statements:
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. These statements include but are not limited to statements regarding our expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding the ability of Redback and ETRI to jointly develop the referenced products; the ability of the jointly developed products to meet the requirements of customers in Korea; projections that the addressable edge router market for mobility services is expected to exceed $1.2 billion worldwide by 2008; expected deployment of broadband services in Korea and the expected growth rate of broadband upgrades in that region, expectations regarding Redback's growing customer base in Korea; and the ability of Redback's products to help carriers deliver mobile broadband and voice, video and data services. All forward-looking statements included in this document are based upon information available to us as of the date hereof, and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected, including without limitations potential difficulties in joint development efforts of products for the Korean market; industry tends that may impact the expected addressable market for mobility services; factors impacting our customers' buying patterns such as budget cycles or the timing of deployment of triple play networks; and other risks and uncertainties relating to our business as set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically the most recent report on Form 10-K for the fiscal year ended December 31, 2005, Form 10-Q for the quarter ended September 30, 2006, Forms 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.
SOURCE: Redback Networks Inc.
Redback Networks Inc. Doug Wills, 408-750-5038 (Media) dwills@redback.com Investor Relations, 408-750-5505 investor_relations@redback.com Copyright Business Wire 2006
You're Welcome Ken, and...
Remember...It's NEVER WRONG...
TO TAKE YOUR PROFITS!...
Thanks PP, Took my profit.
News for 'AKAM' - (''Cyber Monday'' Retail Traffic Surpasses Last Year's Peak, and Continues to Climb A -- Akamai Net Usage Index for Retail tracks record, real-time Web shopping traffic A -- By 11:00 a.m. ET today, online visits to retail sites had already surpassed 2005's Cyber Monday peak of 3.1 million visitors per minute to retail sites A -- At 2:00 p.m. ET, Akamai was tracking over 3,530,000 global visitors per minute to retail sites - a record for 2006)
CAMBRIDGE, Mass., Nov 27, 2006 (BUSINESS WIRE) -- Akamai Technologies, Inc.
(NASDAQ: AKAM), the leading global service provider for accelerating content and
business processes online, today released data from its Akamai Net Usage Index
for Retail chronicling real-time traffic to online shopping sites. Measuring the
impact of "Cyber Monday," Akamai's unique index tracks visitors per minute to an
aggregated group of more than 270 global e-commerce sites.
As of 2 p.m. ET today, North American traffic had reached 2,145,558 visitors per
minute, a 19 percent increase over 2005's Cyber Monday peak for North America.
At the same time, global traffic reached 3,530,914 visitors per minute, a 14
percent increase over the 2005 peak. With visitors per minute continuing to
grow, Akamai is expecting even higher percentage increases over 2005 by day's
end.
Visit http://www.akamai.com/netusageindex for a live view throughout the day of
the Akamai Net Usage Index for Retail.
Akamai has also released the following additional traffic statistics for the
recent Thanksgiving holiday period:
-- Traffic peaked on the U.S. Thanksgiving holiday (11/23) at 1,845,727 visitors
per minute around 10:30 p.m. ET. This represented the third largest North
American spike to date this year.
-- Global traffic on "Black Friday" (11/24) peaked at 3,080,349 visitors per
minute; and at 1,852,176 visitors per minute in North America.
For year-over-year comparisons during the month leading up to this year's "Cyber
Monday," Akamai has compiled the following additional data:
Weekly North American Online Retail Visitor Growth (Oct. - Nov. '06)
Week Peak visitors per Day and time of Change in peak from
beginning minute for the peak visitors same week in 2005
week per minute
----------------------------------------------------------------------
Sunday, Nov. 5 at
Oct. 30th 1,699,148 8:45 p.m. ET +30%
----------------------------------------------------------------------
Monday, Nov. 6 at
Nov. 6th 1,709,700 4:45 p.m. ET +22%
----------------------------------------------------------------------
Sunday, Nov. 19 at
Nov. 13th 1,749,000 9:00 p.m. ET +21%
----------------------------------------------------------------------
Sunday, Nov. 26 at
Nov. 20th 1,974,967 8:30 p.m. ET +21%
----------------------------------------------------------------------
Weekly Global Online Retail Visitor Growth (Oct. - Nov. '06)
Week Peak visitors per Day and time of peak Change in peak from
beginning minute for the visitors same week in 2005
week per minute
----------------------------------------------------------------------
Monday, Oct. 30 at
Oct. 30th 2,829,250 1:30 p.m. ET +21%
----------------------------------------------------------------------
Monday, Nov. 6 at
Nov. 6th 3,216,300 2:45 p.m. ET +30%
----------------------------------------------------------------------
Monday, Nov. 13 at
Nov. 13th 2,835,057 3:00 p.m. ET +12%
----------------------------------------------------------------------
Friday, Nov. 24 at
Nov. 20th 3,080,349 11:30 a.m. ET +19%
----------------------------------------------------------------------
About Akamai
Akamai(R) is the leading global service provider for accelerating content and
business processes online. Thousands of organizations have formed trusted
relationships with Akamai, improving their revenue and reducing costs by
maximizing the performance of their online businesses. Leveraging the Akamai
EdgePlatform, these organizations gain business advantage today, and have the
foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
SOURCE: Akamai Technologies, Inc.
CONTACT: Akamai Media RelationsJennifer Donovan, 617-444-2605415-225-9668 (mobile)jdonovan@akamai.comorJeff Young, 617-444-3913jyoung@akamai.com
Copyright Business Wire 2006
'ken2002'...re: AEM
The Dollar is falling, and that usually means that Gold will go UP...
The chart Technicals say the PPS is way outside the upper Bollinger Band, and the StochRSI says it's almost totally Overbought...The MACD looks very Bullish, but the A/D Accumulation doesn't show any upticking as the PPS runs a lot higher...That is a red flag to me...
Maybe with the Dollar falling and Gold going up, it could have another run in it like it did in mid-October...But with the PPS being so far outside the upper BBand, that's usually when I LOCK IN MY PROFITS!...
What you do is entirely up to you, but after what you described you've been through on this trade, I'd be happy to get out with a small profit, or to break even...Since you are UP on this trade, I'd NEVER let it go negative again on you...
Nasdaq falls 1 pct on Google, Wal-Mart...
http://www.tickermyfeed.com/news.php/nasdaq_falls_1_pct_on_google_wal-mart_hits_dow
NEW YORK (Reuters) - U.S. stocks fell sharply on Monday, with the Nasdaq off more than 1 percent, after a disappointing sales forecast from Wal-Mart Stores Inc. (NYSE:WMT) and worries that shares of Web search company Google Inc. (Nasdaq:GOOG) may be overvalued.
The Dow Jones industrial average (^DJI) was down 106.23 points, or 0.87 percent, at 12,173.94. The Standard & Poor's 500 Index (^SPX) was down 5.14 points, or 0.37 percent, at 1,400.95. The Nasdaq Composite Index (^IXIC) was down 25.79 points, or 1.05 percent, at 2,434.47.
Shares of Wal-Mart fell 2.2 percent to $46.85 after it estimated November sales fell 0.1 percent at U.S. stores open at least a year.
Google's shares fell 2 percent to $495 after Barron's newspaper said the stock was overvalued.
I'm taking a Long position on RBAK...
Here at 15.40 because it's VERY Oversold, and I think this could be the "bottom"...I will exit this 1K share position if it breaks below today's intraday low of 15.30
Hi 'raggs'...re: SDRG...
It has a pretty decent daily chart...Accumulation has been moving up for the last six months and the MACD Histogram just did a "kiss" up off the zero line, and the fast line is upticking sharply and is above the slow line...The overall chart pattern is mostly Bullish at this time...
The Volume the last two sessions has been awesome as the PPS has made a nice move up in the last three sessions...The StochRSI is very Overbought at this time, and the PPS is way above the upper Bollinger Band, so it appears that it may need to pullback to be back inside the upper BBand...That is unless it has another MOVE like it had in early August of this year...
I haven't done any DD on this stock, so this is purely a chart analysis...If I owned this stock, I would hold onto it to see what else it can do...If the PPS ever broke below $1.10 I would sell it becuase the chart would turn to the Bear if that were to happen...
Good Luck To ALL ;^))
What do you think about SDRG? I tossed some gambling shares in probably about a month ago....though it was going to be a tax writeoff until I just happen to look and see its climbing(I'm only up about 5% at this current price)
Thanks for the read PowerPole. I looked over ACTC a little closer and I see what you are saying. I then looked over ACTC in a weekly view as well as with the daily, observing both the MACD and MACD histogram.... its a tough call and I'm going to gamble its a week with new highs... assuming no bad news blows in... wish me luck! 8>)
Hi 'raggs'...I hope you had a nice Turkey Day...
I searched all over for your pick AIDO, and found that the correct ticker is: AIDOE.OB (Advanced ID Corp.)...Is this the stock you wanted a chart analysis on?...
I tried to get a chart to come up for this one on a number of different websites, and on all three of my trading platforms to no avail...
Your other pick ACTC looks like a good channeling stock from .70 to .90 It's done this a few times in the last few months...
Too bad for me I missed your post on this one from a few days ago...It had a real nice run of .20 right after you posted it...
Usually I would say it's consolidating nicely in an uptrend, and could continue up...But see what the daily chart analysis is for it below...
Unfortunately, it's at the upper end of it's range right now at the upper Bollinger Band and it formed a shooting star candlestick on the daily chart, so a reversal is quite possible...If it continues up, it will be slow and difficult, as it's banging it's head up against the upper Bollinger Band...Most of the Technical Indicators are upticking nicely, and showing real strong bullish signals...The "Disturbance in the Force" is CMF Money Flow which is downticking sharply...
Good Luck To ALL ;^))
The BUYING of CPTC began TODAY...
In anticipation of the news release that "should" come out Monday morning at 7am ET, which is the "usual" time for PR's to be released by this Company...
It gapped up .045 at the open today, and was running fairly flat until the last ten minutes of today's session when HUGE buying interest started coming in...I bought 25K shares today at 1.07 hoping it will gap up again at the open Monday, and run HARD! after the PR comes out Monday...343K shares were bought in the last ten minutes of trading today...
The daily chart shows ALL of the Technical Indicators upticking sharply on extremely high volume of 1.3MM shares...The ten day average volume for this stock is only 422K shares...
Monday should be an interesting day for CPTC if they PR this story before the opening bell:
http://www.statesman.com/business/content/business/stories/technology/11/23/23wind.html
Good Luck To ALL ;^))
O, and if you are looking for a good gamble... ACTC. I've been in this company since around August/September. Company deals with getting stem cells without harm to the baby. Its just waiting for a couple labs to ensure their claims are legit(thats my understanding)..and if/when it is..could be very good profits... I'm gambling they are legit claims because it makes perfect sense with what they are doing.
Hey powerpole,
What do you think about AIDO?
I took some profits off the table with AMHI(it appears many people did last Friday..and its ready to turn back up again if we get any volume.)
YHOO had an extraordinary day Wednesday...
Up a dollar thirty five, and the Nasdaq was only up 11.14 points...
Too bad YHOO is so close to the upper Bollinger Band after Wednesday's close...Even after a gap up at the open and a huge white candlestick, which suggests more upside in Friday's session, I think upside will be hard and slow from this point on, unless the overall Market takes off running hard again...All of the Technical Indicators on this daily chart look bery bullish...
YHOO's strong move up on Wednesday was in part due to GOOG breaking above the $500. level, and what's mentioned here in this article...
http://biz.yahoo.com/ap/061122/internet_sector_wrap.html?.v=1
Sector Wrap: Internet Search Shares Gain...
Wednesday November 22, 4:41 pm ET
Google Finds a New High and Yahoo! 'Could Be One of the Best Large-Cap Stocks for 2007'
NEW YORK (AP) -- Shares of Web search providers ended mostly up Wednesday, as Google Inc. touched a new high, and American Technology Research put out a glowing outlook for Yahoo! Inc.
"We think Yahoo could be one of the best performing large caps for 2007," analyst Rob Sanderson said in a note to investors. The long-awaited launch of Yahoo's new search and advertising platform will go a long way toward turning things around for Yahoo, Sanderson wrote.
In addition, he said, a deal this week to use Yahoo's HotJobs to sell newspaper classifieds will also be a boon for the company, which currently stands behind Monster Worldwide Inc. and CareerBuilder in that arena.
Sanderson also noted that in the second quarter of 2007, the company will reach the first anniversary of losing traffic from Microsoft Corp.'s MSN sites, so year-over-year comparisons will appear stronger.
Yahoo is set to become the exclusive provider of display ads on Web auctioneer eBay Inc.'s sites, and will begin offering its harder-to-sell ad inventory on Right Media, an online advertising exchange.
"Properties like Flickr, Yahoo Answers and del.icio.us make the company feel it is a leader in the social networking space," Sanderson wrote. "Despite this claim, Yahoo has not been able to keep pace on monetization of such inventory. Becoming more involved in Right Media should help."
Shares of the Sunnyvale, Calif-based company added $1.35, or 5 percent, to close at $28.49 on the Nasdaq. The company is climbing out of a mid-October trench, when the stock set a 52-week low of $22.65 in response to a weak earnings report.
Google's investors pushed on to a new 52-week high of $513 after breaking the $500 barrier Tuesday. But by the closing bell, shares of the Mountain View, Calif.-based company slipped back to $508.01, down $1.64, on the Nasdaq.
Ask.com parent IAC/InterActive Corp.'s shares also hit a new 52-week high, at $35.58. The stock fell to $35.43, up $1.66, at the Nasdaq close. Microsoft finished unchanged at $29.92.
Time Warner Inc., which owns AOL, made new highs a triple play -- hitting $20.91 before sliding back to $20.76 at the end of the day on the New York Stock Exchange for an 8-cent improvement.
'AKAM' - (AKAMAI TECHNOLOGIES INC Consensus Recommendation: BUY)
Nov 23, 2006 (Nelson's Broker Summaries via COMTEX) --
Company: AKAMAI TECHNOLOGIES INC
Consensus Recommendation: BUY
(Strong Buy: 2, Buy: 8, Hold: 7, Underperform: 0, Sell: 0)
Quarter Consensus Estimate [Q4]: 0.26
FY Consensus Estimate [FY2006]: 0.87
Next FY Consensus Estimate [FY2007]: 1.20
Industry: TECHNOL/SOFTWARE
Estimates reported in USD
http://www.thomsonfinancial.com
Copyright 2006, Nelson Information, a Thomson Financial company
CPTC NEWS!!!...I'll be buying at the open Monday!...
http://www.statesman.com/business/content/business/stories/technology/11/23/23wind.html
Round Rock to get wind turbine project...
Alliance between TECO-Westinghouse and California firm will be announced Monday...
By Shonda Novak, Robert Elder
AMERICAN-STATESMAN STAFF
Thursday, November 23, 2006
A major wind-energy production alliance is scheduled to be announced Monday in Round Rock, adding to the state's growing profile in the wind business.
TECO-Westinghouse Motor Co., a leading manufacturer of electric motors and generators, will announce an alliance with a California company to produce wind turbine components at its Round Rock facility.
TECO-Westinghouse employs 300 people at its plant and said it could add 100 to 150 more workers, depending on the orders generated by its partner, Irvine, Calif.-based Composite Technology Corp.
The alliance is expected to substantially increase TECO-Westinghouse's annual revenue, which was $102.3 million last year, according to online financial site Hoovers.com.
Gov. Rick Perry said the announcement is good news because it will create more jobs in the Round Rock area and will solidify Texas' long-term position in the energy industry.
At a recent news conference with Perry, representatives of the wind industry said they were ready to invest $10 billion over the next five to seven years in wind projects in Texas, assuming the state has the transmission capability to get that wind-generated energy to market.
"So this announcement by TECO-Westinghouse and Composite Technology ties in very nicely with that ongoing commitment by the private sector to renewable energy," Perry said through spokeswoman Kathy Walt. "It's further evidence that the private sector is committed to helping the state meet its growing energy needs, and it also furthers the diversification of energy production. . . "
Texas already has more wind-generation capacity than any other state.
Almost one-fourth of all wind power installed in the U.S. is in Texas, where it supplies more than 2 percent of the state's electric needs — enough to power more than 500,000 homes with clean energy, said Susan Williams Sloan, spokeswoman for the American Wind Energy Association, a trade group.
Nationwide, wind power is expected in 2006 to provide up to 20 percent of the new capacity installed in the country, making it the second-largest source of new power generation after new natural gas plants, according to the Energy Information Administration.
"This is a growing industry, and such an alliance can help build on Texas' position as a leader in wind power," Sloan said.
In 2005, the North American wind turbine market saw record growth, breaking the $3 billion barrier. The market is expected to more than double to just under $7.5 billion in 2010.
Two billion dollars worth of new wind-power projects are being installed in Texas during 2006 — more than the combined total of new power plant installations from all other sources (such as coal, natural gas and nuclear power).
" The more expertise we build in this technology, the more likely we have future opportunities to grow that technology and use in Texas," Sloan said.
Hsien-Chun Meng, the president of TECO-Westinghouse, said the alliance will be divided into two phases — manufacturing turbines and later providing supply-chain operations by coordinating manufacturing, wholesale and retail elements of the project.
TECO-Westinghouse is a subsidiary of Taiwan-based TECO Electric & Machinery Co. Ltd.
The company started as the Westinghouse Motor Co. in 1988, a joint venture between TECO and Westinghouse Electric. TECO acquired complete ownership of the company in 1995.
Composite Technology officials declined to comment on the alliance.
Composite Technology is a development-stage company that has mostly sold a special kind of cable for electric utility lines. Its shares trade on the bulletin board exchange for companies that don't meet the financial standards of major exchanges such as the Nasdaq National Market.
Composite Technology filed for Chapter 11 bankruptcy reorganization in May 2005, a process that was completed in November of that year. The company paid millions of dollars to creditors in cash and stock to resolve the bankruptcy.
In 2005, the company reported a loss of $40.1 million on $1 million in revenue, mostly due to resolving the bankruptcy and to accounting changes.
In June 2006 the company acquired EU Energy PLC, a British developer and manufacturer of wind energy turbines.
The company said in a regulatory filing in September that it has an "order backlog for our next generation (wind) turbines." In October, Composite Technology said it had signed an agreement to license wind turbine technology from GE Infrastructure International, a leading player in the wind turbine business.
relder@statesman.com; 445-3671
Dell profit rises 12%; sales up 3.5% to $14.4 billion
By Rex Crum, MarketWatch
Last Update: 4:44 PM ET Nov 21, 2006
http://tinyurl.com/urt8a
SAN FRANCISCO (MarketWatch) - Dell Inc. on Tuesday reported a fiscal third-quarter profit that rose almost 12% from a year ago but called the results preliminary as it faces an ongoing probe into its accounting practices by federal securities regulators.
Dell (DELL) said net income for the period ended Nov. 3 rose to $677 million, or 30 cents a share, from $606 million, or 25 cents, in the year-ago quarter. Analysts surveyed by Thomson First Call were expecting earnings of 24 cents a share.
The preliminary results sent Dell's shares surging 11% to $27.55 in afterhours trading. The stock rose 17 cents in the regular market sesson.
Revenue rose 3.5% to $14.38 billion, up from $13.91 billion but slightly lower than the $14.44 billion expected by analysts.
The company's results were delayed almost a week because Dell said it had to deal with an investigation by the U.S. Securities and Exchange Commission. Dell said the results "are subject to change to reflect any necessary corrections or adjustments, or changes in accounting estimates," as a result of ongoing probes.
Dell reiterated that it has not filed its 10-Q report for its second-quarter results, and that it doesn't expect to "timely file" a similar report for its third quarter.
Dell said it "is not currently able to predict the extent or significance of any such changes" might have on the company's past quarterly results.
Dell didn't give a fiscal fourth-quarter forecast, saying that "in the near term, improvement in growth and profitability may not be linear due to a variety of factors, including the timing of continued investments in customer experience, global expansion, and new product introductions."
Analysts surveyed by Thomson First Call estimate Dell will earn 28 cents a share, excluding charges and one-time items, on $15.55 billion in revenue for the company's fiscal fourth quarter.
Rex Crum is a reporter for MarketWatch in San Francisco.
U.S. leading indicators rise 0.2% in Oct.
By Greg Robb
Last Update: 10:00 AM ET Nov 20, 2006
http://tinyurl.com/t9msg
WASHINGTON (MarketWatch) -- A gauge of future growth shows the economy should continue to expand at a slow pace, the Conference Board said Monday.
The index of leading economic indicators rose 0.2% in October.
The rise was slightly below expectations. The consensus forecast of Wall Street economists had expected a 0.3% gain.
In September, the index was revised to a 0.4% gain from the initial estimate of a 0.1% rise.
This is the first back-to-back increases in the index since last January. The coincident index rose 0.1% in October, while the lagging index rose 0.2%.
AKAM is up over $1.30 today...
It looks like the Market liked today's news...
CTC Cable Achieves ISO 9001:2000 Certification
Composite Core Manufacturer Joins North America's Elite; Certifies to International Quality Standard for Irvine, California Operations...
Last Update: 8:05 AM ET Nov 20, 2006
http://tinyurl.com/yxjoaz
IRVINE, Calif., Nov 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Composite Technology Corporation (CTC) (CPTC) and Intertek Systems Certification announced today that CTC's subsidiary, CTC Cable Corporation's Irvine operations have achieved certification to ISO 9001:2000 standards with ANAB accreditation.
Intertek issued the certificate upon the successful completion of a full audit of CTC's quality management system. This certification will affirm that CTC Cable's ACCC composite core manufacturing operations adhere to the internationally recognized quality standard.
"CTC Cable worked very hard to bring all of its Quality and Operational systems in line with the internationally recognized ISO 9001:2000 standard. This standard is a benchmark for world-class manufacturing and achieving this certification is critical to improving the company's global competitive position," said Marvin Sepe, President of CTC Cable Corporation. "The dedicated effort of our employees brought us to this key point and we are confident the systems and controls now in place will improve operational efficiencies, increase productivity, and produce the highest quality products," added Mr. Sepe. The audit and assessment was completed this past week after months of sustained effort to review and address every quality and operational system of the company.
About Intertek Systems Certification:
Intertek Systems Certification provides management systems certification services for a wide range of industry standards. Intertek offers a variety of registration services, including: ISO 9001, ISO 14001, ISO 13485, ISO/TS 16949, AS9100, AS9120, AS9003, TL 9000, ISO 20000, and ISO 27001 certification; OHSAS 18001, ISO 22000 (HACCP), and QC 080000 compliance; MDD certification and CE marking. Intertek Systems Certification is part of the Intertek Group plc (UK:ITRK: news, chart, profile) , a leading international provider of quality and safety services to a wide range of global and local industries. Partnership with Intertek brings increased value to customers' products and processes, ultimately supporting their success in the global marketplace. Intertek has the experience, expertise, resources and global reach to support its customers through their network of 910 laboratories and offices, 16,600 people in 110 countries around the world. For more information, please visit http://www.intertek-sc.com or call 1-800-810-1195
About CTC:
Composite Technology Corporation, based in Irvine, California, USA develops, manufactures and sells high performance electrical transmission and renewable energy generation products through its subsidiaries:
* CTC Cable Corporation produces composite rod for use in its proprietary
ACCC aluminum conductor composite core. ACCC conductors virtually
eliminate the sag in power lines caused by high current and high line
temperatures. ACCC conductors also reduce electricity line losses, and
have demonstrated significant savings in capital and operating expenses
when substituted for other conductors. ACCC conductors enable grid
operators to eliminate blackouts and brownouts, providing a 'reserve
electrical capacity' by operating at higher temperatures. ACCC
conductors are an innovative solution for reconductoring power lines,
constructing new lines and crossing large spans. ACCC composite rod is
delivered to qualified conductor manufacturers worldwide for local ACCC
conductor production and resale into local markets.
* EU Energy Inc., and EU Energy Ltd., produce, sell, and license the
DeWind series of wind energy turbines including the 50Hz D6 rated at
1.25 megawatts (MW) and the 50Hz D8 rated at 2MW, both noted for their
reliability. In 2007, the first new 2MW D8.2 are planned to be
delivered to North American customers from assembly operations in
Germany and the US. The D8.2 utilizes the advanced WinDrive(R)
hydrodynamic torque converter developed by Voith AG with a synchronous
AC generator that is able to connect directly to the grid without the
use of power conversion electronics. The DeWind D8.2 will be available
in both a 60Hz and 50Hz version.
For further information visit our websites:
http://www.compositetechcorp.com & http://www.eunrg.com
For Investor Relations Contact: James Carswell, +1-949-428-8500
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (Company). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, the ability of the company to convert quotations and framework agreements into firm orders, general economic conditions, the availability of funds for capital expenditure by customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, successful integration of the EU Energy acquisition, ability to produce the turbines and acquire its components, ability to maintain quality control, collection-related and currency risks from international transactions, the successful outcome of joint venture negotiations, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company including those that are found in the Company's Annual Report filed with the SEC on Form 10-K for fiscal year ended September 30, 2005 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K and including those pertaining to EU Energy that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.
SOURCE Composite Technology Corporation
Investor Relations, James Carswell, +1-949-428-8500 http://www.compositetechcorp.com Copyright (C) 2006 PR Newswire. All rights reserved ********************************************************************** As of Thursday, 11-16-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 01-24-2006 for CPTC @ $1.52. For more information on Comtex SmarTrend® Alert, contact your market data provider or go to www.CSTADirect.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright © 2004-2006 Comtex News Network, Inc. All rights reserved.
News for 'AKAM' - (DJ Akamai To Buy Nine Systems Corp.>AKAM)
DOW JONES NEWSWIRES
Akamai Technologies Inc. (AKAM) announced a definitive agreement to acquire San Diego-based Nine Systems Corp. for cash and stock.
The deal, expected to be completed by year's end, will contribute to Akamai's normalized earnings per share during 2007, said the Cambridge, Mass.-based provider of technology and services for accelerating online content.
Terms call for Akamai to issue about 3.1 million common shares and $7 million in cash for privately held Nine Systems, subject to certain closing adjustments.
Nine Systems is a provider of techniques for delivering "rich media" production, publishing and distribution in a variety of formats.
-Mike Maynard; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 20, 2006 06:50 ET (11:50 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.- - 06 50 AM EST 11-20-06
yes, you confirmed what I thought I was seeing. The price went down Friday at closing..should be interesting to see what happens this week. I covered a little Friday since I bought in a while back.
Hello 'Hells-Crotch'...
I see this is your first post on this board, so I'd like to say:
To the Board!...
re: SLJB's charts...At this time, it's charts can't say much...It's a Fundamentals play right now, and a lot depends on any kind of news the company can give us right now in these times of disaster...
Anything positive and verifiable they can give us might help the pps move up, but after the loss of confidence in the CEO, and the terrible press coverage it is receiving at this time I kind of doubt this one will ever recover, unless the Audited Financials are made public and they look good...
I'm not going to hold my breath that they release the AF's anytime soon...That is truly the ONLY thing that can save this company now...
The five minute and the hourly charts are extremely hard to read due to the Fat Fingered Freddy trade that went off at .27 at noon on Thursday...
IMO, this was the MM's taking out all of the leftover limit orders to sell stock (with a Fill or Kill order) that were skipped on the fall from .09 to .01 in the first 4 minutes of trading that day...
It's also a trick the MM's use to skew the Technical Indicators on the charts to make them unreadable...Plus it throws off the candlesticks and makes them so close together that reading any chart patterns that develop hard to read...All we can go by now is the overall look of the Technical Indicators...
The five minute chart shows Accumulation (the light blue line) upticked at the end of Thursday, and closed at Friday at about the same level...OBV (smart money-yellow line) looked fairly strong at the end of Friday's session...
The hourly chart shows CMF Money Flow (solid green) actually went positive at the close on Friday...The rest of the Technical Indicators are fairly flat, but the most interesting thing I see on this chart is the MACD fast line crossing up through the slow line Friday at around 2pm, and the MACD Histogram was steadily upticking and went positive above the zero line at about the same time...The MACD Histogram is called the "headlights around the corner", and let's you see what "may" be coming in the future...
The daily chart is obviously in bad shape, with NONE of the Technical Indicats showing any sign of improvement...
You asked "do the charts show any stability at three cents?"...
Like I said, it's not about the charts now...It's up to the Company to issue the AF's or a press release that explains exactly what is going on with this Company in an attempt to salvage any creditability they have left, which IMO is nearly zero at this point in time...
It's obvious now that the CEO has mislead his shareholder's in every PR he has put out in relation to the releasing of the AF's...And also on the Blog on the company website...
No news from the Company on Monday-three cents will offer no support at all...
Release the AF's no matter how bad they really are-and a bit of creditability returns and the pps may have a chance to go up again...
I say "may", because there are way too many people out there have put this one behind them for good already, and will never play it again...
Plus they have lost the chance that any new investors will be interested in this stock if they have witnessed the developments of late last week...
Of course, all of this is purely IMVHO...
Good Luck! (to us all...I still own a ton of shares in this POS)
U.S. stocks end mixed on the day, higher on the week...
By Leslie Wines
Last Update: 4:09 PM ET Nov 17, 2006
http://tinyurl.com/ylpc49
NEW YORK (MarketWatch) -- U.S. stocks closed mixed on the day and higher on the week Friday, as the Dow industrials extended a winning streak to a sixth session and set yet another record high, bolstered by a continued slide in crude-oil prices.
Earlier stocks were weakened by a plunge in October housing starts. The Dow Jones Industrial Average ($INDU) was up 36.74 points at 12,342.56, its new record, at its unofficial close.
The S&P 500 ($SPX) gained 1.44 point to 1,401.20 and the Nasdaq Composite ($COMPX) fell 3.20 points to 2,445.86, snapping a five-dy winning streak.
For the week, the Dow rose 1.9%, the S&P 500 gained 1.5%, and the Nasdaq Composite took a 2.3% gain.
I see that!...Was my chart analysis helpful to you?...
Hi PowerPole! AMHI is doing even better! I'm grinning ear to ear since this was the first time I perfectly called the bottom! Still plenty of gas in AMHI.
N.Y. factory index hits 5-month high...
By Rex Nutting, MarketWatch
Last Update: 8:30 AM ET Nov 15, 2006
http://tinyurl.com/y4dhgl
WASHINGTON (MarketWatch) - Business conditions for manufacturers in the New York region improved in November, with the Empire State index rising by about four points to a a five-month high of 26.7, the New York Federal Reserve Bank reported Wednesday.
The diffusion index improved for the third straight month, confounding economists who expected a decline to about 15.4 in November from 22.9 in October.
Following a surprising decline in last month's national diffusion index produced by the Institute of Supply Management, economists have been on the lookout for further signs of a slowing in the factory sector.
Readings over zero indicate conditions are favorable for most firms in the region. In November, 41% of manufacturers said business was better in November, while 14% said conditions worsened.
The indexes for new orders, shipments, unfilled orders and employees all improved in November. The long-term outlook also improved in November.
The new orders index rose to 22.4 from 11.8. The shipments index improved to 26.6 from 22.5. The unfilled orders index rose to 10.2 from negative 1.5
The employee index rose from 19.4 to 24.5, the highest in more than a year.
The prices paid index increased to 34.9 from 30.8, while the prices received index fell to 17.0 from 17.5
The future business conditions index improved to 37.8 from 30.2, with 51% of firms expecting business to get better in the next six months.
Rex Nutting is Washington bureau chief of MarketWatch.
Hi 'raggs'...It's funny how quickly things can change...
Yesterday when I looked at the charts for AMHI, I didn't see anything special about them...
Today's Volume spike changed all that...This is one of the things I look for when looking to see if a stock has bottomed...Today's Volume of 1,249,100 was the highest daily Volume in almost FOUR MONTHS!...I'm surprised the pps didn't move much at all today...
I don't see any Press Releases for this stock today, so I have no idea what caused the increase in Volume...
On the daily chart, the Bollinger Bands are squeezing tight, meaning a move one way or another is coming...Money Flow, OBV, and especially Accumulation are upticking...CCI and RSI, ADX, and Stochastics are neutral...I like the looks of the MACD with the fast line above the slow line, and the Histogram above zero...When the fast and slow lines move up above zero, it should be starting a move to the upside...
Overall, there's more bullishness to this chart than bearishness...You could take a position here to see how it may play out, and set your stop loss just below the most recent low of .015 to keep any potential loss to an absolute minimum...
Good Luck!...
U.S. stocks rally; Dow sets fresh closing high...
By Nick Godt
Last Update: 4:06 PM ET Nov 14, 2006
http://tinyurl.com/ya8swp
NEW YORK (MarketWatch) -- U.S. stocks ended higher Tuesday as gains for Wal-Mart Stores Inc. (WMT) , Home Depot Inc (HD) and Intel Corp. (INTC) helped offset weak economic data and boosted the Dow Jones Industrial Average to a fresh all-time high.
Investors, meanwhile, welcomed a tame producer-price report although many are looking ahead to consumer-price data they hope will confirm the signs of an easing inflationary trend.
The Dow Jones Industrial Average ($INDU) gained 86 points to 12,217 at the unofficial 4.00 p.m. close, beating a previous closing high of 12,176.54 on November 8.
The Nasdaq Composite Index (COMP) rose 24 points to 2,430, while the S&P 500 Index ($SPX) gained 3 points to 1,384, a new six-year high.
Hello PowerPole!
I Added this place in my fav since you gave a nice response.
Yes, the stock has dropped alot. We can talk about why on another board if you want to know why(since I think it would be off topic for this board)... (this is another reason why its a good play due that its way undervalued right now).
I'm not 10000% confident its going up, but it sure is starting to look good to me, and you are right, a couple more days should prove/even confirm a change in trend. I think it hit bottom last Friday...(Please disagree if you see otherwise, thats why I'm here (to learn as well as make money) ).
1) Accum/Distribution is going up
2) Bands closing in, sitting at the middle->upper
3) Volume is starting to go up (volume was dead for a while, now starting to come back)
5) RSI is sllllllllllllooowly going up.
6) Relative Price is increasing.
Yes, it helped a lot considering my first purchase price was $34 back in January. I don't mind holding a stock (capital gains-my pet peeve)...so since there is hope on the horizon I shall continue to be patient.
Fixing to run some errands but hopefully will return before the market closes.
Take care, my friend. ;)
That's Great! Peggy Sue...
That's about the price YHOO was at the day Merrill Lynch gave YHOO the upgrade...
I wish I would have seen your post too, PP. I try to keep up with all the posters who interest me but stuff always happens, darn it.
I did average down at one point. Gonna dig out my confirmation slip later and will let you know when it was, yes...am behind on my filing too.
Edit: I found it. I averaged down on YHOO on July 19 @ $26.
ECONOMIC REPORT: Producer prices fall 1.6% in October
First back-to-back decline since July 2004
By Greg Robb & Robert Schroeder, MarketWatch
Last Update: 8:48 AM ET Nov 14, 2006
WASHINGTON (MarketWatch) -- Inflationary pressures eased in October as wholesale energy prices and prices for light trucks dropped.
The producer price index fell a sharp 1.6%, which matches a record low set in October 2001, the Labor Department reported Tuesday.
The decline in the PPI pushed the year-over-year rate on finished-goods prices to negative 1.6%, the first time it has been below zero since September 2002.
The core PPI, which excludes food and energy costs, fell 0.9%, the biggest drop since August 1993.
The weak numbers were a surprise. Economists surveyed by MarketWatch were expecting the index to fall by 0.5%, while core prices were expected to rise 0.1%.
It's the first back-to-back drop in the PPI since July 2004.
Over the past year, the core rate is up 0.6%.
Further back in the production cycle, prices of crude goods fell 10.5% in October. It is the biggest drop since April 2003.
Intermediate-goods prices fell 1.1% in October. Intermediate-goods prices are up 0.4% over the past 12 months, while crude goods are down 22%.
Excluding food and energy, intermediate prices are up 5.9% in the past 12 months, while crude goods are up 20.1%.
The report is unlikely to change economists' expectations that the Federal Reserve will continue to hold short-term interest rates steady at 5.25%. The market expects the Federal Reserve to cut interest rates by the middle of next year.
On Thursday, the government will report consumer prices for October, an indicator closely watched by the Federal Reserve. Economists expect the consumer price index will have fallen by 0.3% in October. Excluding food and energy, economists are forecasting the CPI will have risen 0.2% in October.
In October, energy prices fell 5%, led by a record 9.3% decline in residential natural-gas prices.
Food prices fell 0.8%, the biggest drop since May.
Meanwhile, light motor trucks fell a record 9.7% in October, while passenger car prices fell 2.3%.
Electronic computer prices dropped 3.1%.
In a separate report, the Commerce Department said U.S. retail sales fell in October for the second consecutive month, pushed lower by falling gasoline prices.
Greg Robb is a senior reporter for MarketWatch in Washington.
Robert Schroeder is a reporter for MarketWatch in Washington.
RBAK is running HARD!...
Right out of the gate this morning ;^))
Good Morning Peggy Sue!...
I wish you had seen my post on 10/30/06 which was the day Merrill Lynch gave YHOO an upgrade stating it was at a good entry price...It has done very well since that date...
You would have had a good opportunity to "average down" on your position and have a much better break even price...
Let's hope YHOO is done dancing the "Texas Two-Step", and gets back to a more realistic valuation of it's share price...
At the rate it's moving these days, your $30.00 price could be reached by year's end IF the overall Market cooperates and we see the usual "Santa Claus Rally" into the end of the year....
Good Luck! Pegs, and ALL ;^))
Good Morning! 'raggs'...
I see this is your first post on this board, so...
To the Board!!!...
re: AMHI I took a good look at the charts on this stock...
To be honest, it doesn't look very good to me...I know nothing about the company, but they must have some serious problems...
The stock has fallen from .20 to under .02
That raises a red flag to me...My strategy is to avoid stocks that have lost more than 50% of their market cap...
My chart analysis shows that there is no indication that it is trying to bottom here, or showing any convincing signs of turning back up...Sorry, but I call them as I see them...
There may be some good news coming that will change the direction of this stock, but at this time I would wait for it to start moving up convincingly before taking a position here...
If you'd like a chart analysis of any of your favorite stocks, post the ticker symbol here and I'll get to it as soon as possible...
Good Luck To ALL ^))
AMHI How does this chart look? I think think it hit bottom and is now trending up. accum/dist increasing. Releative price is increasing too. A sure buy? ...fyi the analysis on this stock shows its currently at a significant discount for others in this industry.
http://stockcharts.com/h-sc/ui?s=AMHI&p=D&yr=0&mn=2&dy=0&id=p71305064390
Howdy PP...You mean there's hope for me to finally make a profit with YHOO?
I dunno...my cost basis is higher than yours ($30) an' everytime it looks like the stock is gaining momentum something happens. It's like the Texas two-step...one step forward and two back.
But I'll continue to hang in there. ;)
I didn't post much when I got back from Mexico trying to catch up with stuff around here, then I was down with a stomach virus which threw me behind again...
...sigh
A woman's work is never done! LOL
Seriously, I've missed chatting with you and will try to stop by more often. Plus I need to pick your brain about a couple of obscure holdings that have been in my 'folio far too long. I need to cut down on the number of stocks as I flat-out can't keep up with them anymore. It's driving me to drink, I'm afraid.
I'm kidding, you know...about the drink, that is. Heck if I have more than one cocktail I end up with the mother of all headaches.
Woe is me...I really have problems, eh? :)))
RBAK formed a perfect Inverse Head & Shoulders...
Chart pattern last Thursday and Friday...
The first shoulder was set just after the open on the first morning of this chart...The inverse head was set at 3pm the same day...The second shoulder is small, but it was set on the second day of this chart just before 1pm...Just after 3pm the same day, the VOLUME! came in to break it above the resistance level it had over a two day period at 15.20 and send it shooting up to 15.60 with a close of 15.59
The last day on this chart is today, and it consolidated in an uptrend all day and formed an ascending triangle...The Bollinger Bands on this chart are squeezing tight signaling a move is about to happen one way or the other...There was a war going on at 15.50 today just like the one the bulls just won over the bears at 15.20 on Friday...
****************************************************************
The daily chart today shows a doji candlestick indicating uncertainty...The SAR and upper BBand price target is 16.50 or so, and it's at a critical spot in the middle of the BBands...If today's doji turns out to be a reversal signal, it will head back down to the lower BBand...If it can break up through the middle BBand, it may head all the way up to the upper one....Most of the Technical Indicators are faily neutral right now...Tomorrow RBAK makes up it's mind which way it really wants to go...
With Options Expiration Friday coming this week, I feel there are forces out there that are trying to make this stock close below 15.00 this Friday...Watching Level II all day on this stock makes it clear there is a serious battle going on between the longs and the shorts...
Good Luck To ALL ;^))
What do you mean "that sorry-azz YHOO"?...
YHOO is doing GREAT!...I bought 1K shares on 10/30/06 on the Merrill Lynch UPGrade...If the overall Market does well and goes up in November and December, YHOO should also do well...
http://www.investorshub.com/boards/read_msg.asp?message_id=14381507
http://www.investorshub.com/boards/read_msg.asp?message_id=14383232
The 15-Simple Moving Average is crossing up through the 50-SMA right now...That's another buy signal to many traders...
I know you were back from Mexico on the 16th of October, because you posted here on that date you were...I miss ya' Pegs...You should stop by more often so we can chat about our baby!...lol
DAILY:
WEEKLY:
Good Luck To ALL ;^))
Hi! gjd...Long time no see...
re: NMGC...It looks pretty good to me...It's been consolidating in an uptrend all day, and on the five minute chart the CMF Money Flow, OBV, and Accumulation are way up today...The chart pattern looks fairly bullish, but if it doesn't break up hard and soon, the chart pattern will turn into a 'bear flag'...
On the daily chart, it's been pushing up the upper Bollie Band for a few days now, so upside will be limited or a real struggle...ALL of the Indicators on the daily chart are looking really strong...
If you can wait awhile, you might see some slow upside to the pps...I'd set a stop loss to protect profits at 4.64 which is a penny below the low set at 11:35am today...If it breaks below that, the chart will have lost it's bullish look...
Good Luck!, and it's nice to see you around here again...
Good Morning PP!
Your take on NMGC. I'am short term trading this stock from it's initial breakout and following its s/t support trend line.The BB's seem to be tightning which would indicate a comming move. The CCI on the 5 min chart was down ticking from the +200 this afternoon.Is this a negative? The top of the Linear Reg. channel still gives it decent upside potential.I"am trying not to give too much profit up.
Thanks,
GJD
News for 'CYTR' - (CytRx Reports Third Quarter Financial Results)
LOS ANGELES, Nov 13, 2006 (BUSINESS WIRE) -- CytRx Corporation (Nasdaq:CYTR), a
biopharmaceutical company engaged in the development and commercialization of
human therapeutics, today reported financial results for the three months and
nine months ended September 30, 2006.
"The past several months have been highly productive at CytRx. Importantly, as
announced in September, we met the primary endpoints of safety and tolerability
in our Phase IIa clinical trial with our lead molecular chaperone compound
arimoclomol for the treatment of ALS, also known as Lou Gerhig's disease," said
Steven A Kriegsman, President and CEO of CytRx. "We also enhanced our cash
position through a non-dilutive $24.5 million royalty agreement with the
privately-funded ALS Charitable Remainder Trust. It is gratifying to enter into
this novel transaction in which we received resources to support our continued
development of arimoclomol in return for a royalty of one-percent of our
potential worldwide arimoclomol sales. Notably, the beneficiary of the ALS
Charitable Remainder Trust is The Greater Los Angeles chapter of The ALS
Association, which shares our commitment for treating patients with this
life-threatening disease.
"We are making headway toward our plan to initiate a Phase IIb clinical trial
with arimoclomol in ALS in the third quarter of 2007, subject to U.S. Food and
Drug Administration (FDA) approval. Given the life-threatening nature of this
disease and the lack of viable treatment options, we believe that positive
safety and efficacy results from the Phase IIb trial could be sufficient for
arimoclomol product registration in this indication," he added.
"We also continue to make progress with our RNAi technology platform with
programs aimed toward addressing major diseases, including type 2 diabetes and
obesity," said Mr. Kriegsman. "RNAi is a technology that has received
significant recent scientific and media interest, and we believe CytRx is at the
forefront of this technology. We are advised by world class scientists in the
field of RNAi drug development, including Craig C. Mello, Ph.D., who this year
was named co-winner of the Nobel Prize in medicine for the discovery of RNAi."
Review of Financial Results
For the third quarter of 2006, CytRx reported a net loss of $3.0 million, or
$0.04 per share, compared with a net loss of $3.5 million, or $0.06 per share,
for the third quarter of 2005. Revenue for the three months ended September 30,
2006 was $776,000 and consisted primarily of service revenue from the research
and development aspects of the royalty transaction with the ALS Charitable
Remainder Trust. CytRx will continue to recognize the balance of the deferred
revenue recorded from the royalty transaction with the ALS Charitable Remainder
Trust on a proportional performance basis. Revenue for the three months ended
September 30, 2005 was $10,000 and consisted entirely of license fees paid for
CytRx's TranzFect vaccine adjuvant technology. Potential revenues from all
future license fees under pre-existing agreements are dependent upon successful
development milestones being achieved by the licensee.
Research and development expenses were $1.1 million for the third quarter of
2006, compared with $2.0 million for the third quarter of 2005. This decrease
was due primarily to the completion of the Phase IIa clinical trial for
arimoclomol in the third quarter of 2006 in contrast to the higher expenses
associated with the initiation of the Phase IIa clinical trial in 2005. General
and administrative expenses were $2.3 million for the third quarter of 2006,
compared with $1.5 million a year earlier. The higher level of general and
administrative expenses incurred in the third quarter of 2006 resulted primarily
from increased salary and benefit expenses of $530,000 and professional fees of
$330,000. On January 1, 2006, CytRx adopted Statement of Financial Accounting
Standards No. 123(R) (SFAS 123(R)), "Share-Based Payment." As a result, CytRx
recorded approximately $379,000 in stock-based compensation expense for the
third quarter of 2006. Results for the third quarter of 2005 do not include SFAS
123(R) compensation expenses.
CytRx reported a net loss for the nine months ended September 30, 2006 of $12.6
million, or $0.19 per share, compared with a net loss of $11.5 million, or $0.20
per share, for the nine months ended September 30, 2005. Revenue for the first
nine months of 2006 was $837,000 and consisted primarily of revenue recorded
from the royalty transaction with CytRx's ALS Charitable Remainder Trust, while
revenue of $11,500 for the first nine months of 2005 consisted entirely of
license fees paid with respect to CytRx's TranzFect vaccine adjuvant technology.
The Company recorded approximately $1.1 million in stock-based compensation
expense for the first nine months of 2006.
As of September 30, 2006, cash, cash equivalents and short-term investments
totaled $33.7 million, compared with $8.3 million as of December 31, 2005. The
increase reflects net proceeds of approximately $12.4 million from the private
sale of common stock and warrants to a group of institutional investors in March
2006 and $24.5 million from the privately-funded ALS Charitable Remainder Trust
for a one-percent royalty interest in worldwide sales of arimoclomol for ALS.
Working capital was $31.5 million as of September 30, 2006, as compared with
$6.3 as of December 31, 2005.
Third quarter 2006 and recent highlights:
In September:
-- CytRx announced that arimoclomol met the primary endpoints of safety and
tolerability in its Phase IIa trial in patients with ALS. In addition, CytRx
announced that the Phase IIa trial results demonstrated that arimoclomol crossed
the "blood:brain barrier," and indicated a non-statistically-significant trend
of improvement in functional capacity as measured by the Revised ALS Functional
Ration Scale in the arimoclomol high dose group as compared with untreated
patients. Based on these results, CytRx plans to initiate a Phase IIb trial with
arimoclomol in ALS in the third quarter of 2007, subject to FDA approval. An
open label extension of the Phase IIa clinical trial remains ongoing, and CytRx
expects that it will be completed in February 2007.
-- CytRx received $24.5 million in a non-dilutive agreement with the
privately-funded ALS Charitable Remainder Trust to fund continued development of
arimoclomol and alternatives for the treatment of ALS in return for a royalty of
one percent of CytRx's potential worldwide sales of arimoclomol for ALS. The
Greater Los Angeles Chapter of The ALS Association is the beneficiary of the
Trust.
-- CytRx was awarded a Small Business Innovative Research (SBIR) grant of
approximately $222,000 by the National Institute of Diabetes and Digestive and
Kidney Diseases, a part of the National Institutes of Heath (NIH), based on
CytRx's small molecule and structure-based drug design expertise.
In October:
-- CytRx presented new preclinical data demonstrating that orally-administered
arimoclomol improved the functional recovery of rat motor skills damaged by
stroke. This early-stage data supports the potential of arimoclomol as a
therapeutic treatment in multiple clinical indications.
-- Arimoclomol was granted orphan medicinal product status for the treatment of
ALS by the European Commission, providing for market exclusivity in the European
Union for 10 years in the event that arimoclomol receives marketing approval,
and provides for incentives such as reduced fees for protocol assistance and
scientific advice.
-- Mr. Kriegsman received the Lou Gehrig Memorial Award from the Muscular
Dystrophy Association, which was presented in recognition of CytRx's dedication
to finding a cure for ALS.
CytRx has presented company overviews at the following recently held investment
conferences:
-- In August, Scott Wieland, Ph.D., CytRx Vice President of Clinical and
Regulatory Affairs, presented at the California Stock Report's 2006 Southern
California Investor Conference.
-- In September, Mr. Kriegsman and Jack Barber, Ph.D., CytRx's Senior Vice
President of Drug Development, presented at the UBS Global Life Sciences
Conference.
-- In October, Dr. Barber presented at the 2006 BIO InvestorForum.
-- Last week, Mr. Kriegsman and Dr. Barber presented at the 8th Annual Rodman &
Renshaw Healthcare Conference.
About Arimoclomol
Arimoclomol is one of CytRx's three orally-administered, small molecule
compounds. This small molecule drug candidate is believed to function by
stimulating a normal cellular protein repair pathway through the activation of
"molecular chaperones." Since damaged proteins called aggregates are thought to
play a role in many diseases, CytRx believes that activation of molecular
chaperones could have therapeutic efficacy for a broad range of diseases. The
FDA has granted Fast Track designation and Orphan Drug status to arimoclomol for
the treatment of ALS. Arimoclomol has also been granted orphan medicinal product
status for the treatment of ALS by the European Commission.
About ALS
ALS is a progressive degeneration of the brain and spinal column nerve cells
that control the muscles that allow movement. Over a period of months or years,
ALS causes increasing muscle weakness, inability to control movement and
problems with speaking, swallowing and breathing. According to the ALS Survival
Guide, 50% of ALS patients die within 18 months of diagnosis and 80% die within
five years. More than 120,000 people are living with ALS worldwide.
About CytRx Corporation
CytRx Corporation is a biopharmaceutical research and development company
engaged in the development of high-value human therapeutics. The Company owns
three clinical-stage compounds based on its small molecule "molecular chaperone"
co-induction technology. In September 2006, the Company announced that its lead
clinical-stage compound arimoclomol met the primary endpoints of safety and
tolerability in its Phase IIa trial in patients with ALS. CytRx has a
broad-based strategic alliance with the University of Massachusetts Medical
School to develop novel compounds in the areas of ALS, obesity, type 2 diabetes
and cytomegalovirus using RNAi technology. The Company has a research program
with Massachusetts General Hospital, Harvard University's teaching hospital, to
use RNAi technology to develop a drug for the treatment of ALS. CytRx Drug
Discovery division, located in Worcester, Massachusetts, focuses on the use of
RNAi technologies to develop small molecule and RNAi therapeutics to treat
obesity and type 2 diabetes. For more information, visit CytRx's Web site at
www.cytrx.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended. Such statements
involve risks and uncertainties that could cause actual events or results to
differ materially from the events or results described in the forward-looking
statements, including risks or uncertainties related to the risk that the
results and achievements described herein related to CytRx's clinical testing of
its drug candidate arimoclomol for the treatment of amyotrophic lateral
sclerosis (ALS or Lou Gehrig's disease) may not be supported by further analysis
of the Phase IIa trial data or by the results of any subsequent clinical trials;
uncertainties related to the scope of the clinical testing that may be required
by regulatory authorities for CytRx's molecular chaperone co-induction drug
candidates, including arimoclomol, and its other product candidates, and the
outcomes of those tests; uncertainties related to the early stage of CytRx's
RNAi programs in the fields of diabetes, obesity, cytomegalovirus, and ALS; the
need for future clinical testing of any small molecules and products based on
RNAi that may be developed by CytRx; the significant time and expense that will
be incurred in developing any of the potential commercial applications for
CytRx's small molecules or RNAi technology; and other risks and uncertainties
described in CytRx's most recently filed SEC documents, such as its most recent
annual report on Form 10-K, all quarterly reports on Form 10-Q and any current
reports on Form 8-K filed since the date of the last Form 10-K. All
forward-looking statements are based upon information available to CytRx on the
date the statements are first published. CytRx undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
CYTRX CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
September 30, December 31,
2006 2005
-------------- --------------
ASSETS
Current assets:
Cash and cash equivalents $ 33,709,677 $ 8,299,390
Accounts receivable -- 172,860
Prepaid compensation, current portion -- 27,813
Prepaid and other current assets 357,449 287,793
-------------- --------------
Total current assets 34,067,126 8,787,856
Equipment and furnishings, net 309,914 352,641
Molecular library, net 305,838 372,973
Prepaid insurance and other assets 395,994 425,440
-------------- --------------
Total assets $ 35,078,872 $ 9,938,910
============== ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 762,287 $ 815,626
Accrued expenses and other current
liabilities 1,833,298 1,639,922
-------------- --------------
Total current liabilities 2,595,585 2,455,548
Deferred revenue 23,831,408 275,000
-------------- --------------
Total liabilities 26,426,993 2,730,548
-------------- --------------
Stockholders' equity:
Preferred Stock, $.01 par value,
5,000,000 shares authorized, including
5,000 shares of Series A Junior
Participating Preferred Stock; no
shares issued and outstanding -- --
Common stock, $.001 par value,
125,000,000 shares authorized;
70,618,000 and 59,284,000 shares
issued at September 30, 2006 and
December 31, 2005, respectively 70,618 59,284
Additional paid-in capital 146,315,401 131,790,932
Treasury stock, at cost (633,816 shares
held at September 30, 2006 and
December 31, 2005, respectively) (2,279,238) (2,279,238)
Accumulated deficit (135,454,902) (122,362,616)
-------------- --------------
Total stockholders' equity 8,651,879 7,208,362
-------------- --------------
Total liabilities and stockholders'
equity $ 35,078,872 $ 9,938,910
============== ==============
CYTRX CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended Nine-Months Ended
September 30, September 30,
------------------------- ---------------------------
2006 2005 2006 2005
------------ ------------ ------------- -------------
Revenue:
Service revenue $ 775,000 $ 10,000 $ 835,831 $ 10,000
License fees 1,000 -- 1,000 1,500
------------ ------------ ------------- -------------
776,000 10,000 836,831 11,500
------------ ------------ ------------- -------------
Expenses:
Research and
development
(includes
$92,000 and
$197,000 of
non-cash
stock-based
compensation
given to
consultants
for the three
and nine-month
periods ended
September 30,
2006 and
$32,000 and
$122,000 of
non-cash
stock-based
compensation
given to
consultants
for the three
and nine-month
periods ended
September 30,
2005,
respectively) 1,129,527 1,990,963 5,517,345 6,820,952
Depreciation
and
amortization 53,243 58,074 192,184 158,486
General and
administrative
(includes $0
and $32,000 of
non-cash
stock-based
compensation
given to
consultants
for the three
and nine-month
periods ended
September 30,
2006 and
$26,000 and
$342,000 of
non-cash
stock-based
compensation
given to
consultants
for the three
and nine-month
periods ended
September 30,
2005. 2,342,426 1,493,853 7,096,254 4,765,759
Expense related
to employee
stock options 379,011 -- 1,075,389 --
------------ ------------ ------------- -------------
3,904,207 3,542,890 13,881,172 11,745,197
------------ ------------ ------------- -------------
Loss before
other income (3,128,207) (3,532,890) (13,044,341) (11,733,697)
Other income:
Interest and
dividend
income 296,086 40,420 580,483 124,150
Minority
interest in
losses of
subsidiary -- -- -- 81,452
------------ ------------ ------------- -------------
Net loss before
income taxes (2,832,121) (3,532,890) (12,463,858) (11,733,697)
Provision for
income taxes (140,000) -- (140,000) --
------------ ------------ ------------- -------------
Net loss $(2,972,121) $(3,492,470) $(12,603,858) $(11,528,095)
============ ============ ============= =============
Basic and
diluted:
Loss per common
share $ (0.04) $ (0.06) $ (0.19) $ (0.20)
============ ============ ============= =============
Weighted
average shares
outstanding 67,421,958 58,190,792 67,463,477 56,367,717
============ ============ ============= =============
SOURCE: CytRx Corporation
CONTACT: CEOcast, Inc.Dan Schustack, 212-732-4300dschustack@ceocast.com
Copyright Business Wire 2006
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