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Hey buddy :) Just got back into trading some, more day to day or week to week will check out your tip. I see TCU is KILLING it this year way to go.
If you talk to him, tell him check out ATWT
He asked about it a year or so ago and I told
him to hold off on it. Well, not anymore.
regards
Taking a break, as I somewhat am. He said he'll be back. But he does have a lot going on. Usually if you know him you can find him on Facebook occasionally. He is well. I'll tell him you inquired.
Where is FM Dave?
Happy Memorial Day!!
A Tale of Two Americas On Memorial Day 2010
By William Forstchen
So what the hell do these conservatives want out of Obama? And does it matter if Obama throws some leaves on a tomb?
--David Corn
Memorial Day. Those of us old enough to remember might recall a parent or grandparent who referred to it as “Decoration Day.” We might recall as well that “Memorial Day,” was not on the last Monday in May, serving as an endcap for a three day weekend of sales and vacations, but instead was observed on May 30, no matter what day of the week that was.
It started shortly after the Civil War when General Logan, who was part of the forces occupying the South, supposedly observed Southern women laying spring flowers on the graves of both Confederate and Union dead. Logan wrote of it, urged a national day of commemoration and thus “Decoration Day” became a tradition in nearly all states.
After World War One, the fallen of that conflict became part of the memorial services as well.
After World War Two, with hundreds of thousands of new graves to tend, the tradition evolved that “Decoration Day,” would be a day of national commemoration for those who gave “the last full measure of devotion,” and that “Armistice Day,” November 11, would become a day of honoring all veterans who served.
And thus it was until 1971 when Congress, creating three day weekends for government employees, including themselves, reordered Memorial Day to the last Monday of the month.
As a boy growing up in the 1950s I recall Memorial Day in my town as one of solemn dedication. With streets blocked off a procession would weave through the community, visiting the various cemeteries. I marched with the boy scouts, my father with his American Legion post, and at each cemetery prayers would be offered, wreaths laid, followed by a volley salute and taps, which even then made my throat constrict.
We were a single America, united in memory. Yes there was already the blaring of ads on a new thing called television, about Memorial Day sales, and the exodus to the beach by some, but as a shared culture, Memorial Day was a day of memory, recollection and prayer.
We are two Americas today. Presidents have “missed” visiting Arlington before this day but this time, the reasons why and what commentators have said in defense so clearly shows a national divide.
Earlier this week a notice from the White House announced that the first family would “vacation” this weekend in Chicago. The First Lady was quoted as saying that this time the children “decided” where they would spend their mini-vacation.
Vacation? So Memorial Day is a vacation weekend now, even for the first family? Of course, it was quickly pointed out that the president would visit a military cemetery near Chicago. Of course.
But that is not Arlington. Arlington is the symbolic center of our national memory for those who died in service to our country. It is as well where the Tombs of the Unknown from most of our 20th century wars are located. The ritual of the Unknown Soldier, as symbolic of all the fallen emerged after World War One, when from the torn battlefields of Europe, America and other nations recovered the unidentified remains of one soldier, to thus symbolize the millions whose final resting places are “known but to God.” To honor the Unknown is the symbolic act of honoring all and thus it became a sacred ritual.
Arlington is “the vision place of souls,” and the Tombs of the Unknown, are the focal point of that memory. When a president lays a wreath before those tombs, it is a symbolic act of memory and mourning on behalf of all of us. The laying of a wreath in and of itself is also a tradition that harkens back to biblical times. For a president, it is one of the highest honors and obligations that comes with his office.
Is that too much to ask of our president? Is it too much to ask of a president to set such an example and rather than have a vacation defined by “the kids” that instead, as the first family together they lead the nation in a day of contemplation and prayer?
We are now so clearly two Americas and this conflict about how to observe Memorial Day symbolizes a cultural divide which started in the 1960s and now seems all but unfathomable. That divide was brutally and crudely stated this week by the “progressive” journalist David Corn, editor with “Nation” Magazine, when he wrote in defense of the first family’s decision to treat this weekend at a “vacation”:
So what the hell do these conservatives want out of Obama? And does it matter if Obama throws some leaves on a tomb?
David, I will tell you what we want. We want a president who holds sacred certain beliefs and traditions that are the very essence of what we see as being an “American.” In a world of such political correctness where we are constantly ordered not to offend, we are the people who on this sacred day are offended beyond any ability to express, offended by our president’s actions, offended by your soulless mocking words. . ."throws some leaves on a tomb. . ."
If that is indeed your belief, and the belief of those who are apologists for yet another insult by our president to sacred traditions, there is only one answer. We are a house divided against itself, we have become two Americas with all which that implies and such a divide, in the end, will be resolved one way or the other and come November, of this year and in 2012 we will remember.
William R. Forstchen is a professor of history at Montreat College and is a specialist in military history. He has co-authored seven books with Newt Gingrich, the latest “To Try Men’s Souls” about Washington’s crossing of the Delaware. He is also the author of “One Second After,” a novel warning about the dangers of an EMP (electro-magnetic pulse) attack on the United States.
I know your not posting so I thought I'd take this time to call you a looooooossserrr :-P
I have not posted here for a while. You can find me on Langlui's board. Hope all is well. I will try to post here more often.
Vacationing a human right, EU chief says
By Katherine Laidlaw, National PostApril 19, 2010
The plan would see taxpayers footing some of the bill for families facing "difficult social, financial or personal" circumstances
The European Union has declared travelling a human right, and is launching a scheme to subsidize vacations with taxpayers' dollars for those too poor to afford their own trips.
Antonio Tajani, the European Union commissioner for enterprise and industry, proposed a strategy that could cost European taxpayers hundreds of millions of euros a year, The Times of London reports.
"Travelling for tourism today is a right. The way we spend our holidays is a formidable indicator of our quality of life," Mr. Tajani told a group of ministers at The European Tourism Stakeholders Conference in Madrid on April 15. Mr. Tajani was appointed to his post by Italian Prime Minister Silvio Berlusconi.
The plan -- just who gets to enjoy the travel package has yet to be determined -- would see taxpayers footing some of the vacation bill for seniors, youths between the ages of 18 and 25, disabled people, and families facing "difficult social, financial or personal" circumstances. The disabled and elderly can also be accompanied by one other person. The EU and its taxpayers are slated to fund 30% of the cost of these tours, which could range from youth exploring abandoned factories and power plants in Manchester to retirees taking discount trips to Madrid, all in the name of cultural appreciation.
"The commission is literally considering paying people to go on holiday," Mats Persson, of pro-reform think-tank Open Europe, told Britain's News of the World. "In this economic climate, it's astonishing that the EU wants to bribe people with cheap holidays."
Mr. Tajani said the program will be piloted until 2013, and then fully launched.
Intended to instill a sense of cultural pride in Europeans, Mr. Tajani's human-rights travel will also help bridge the continent's north-south divide and pad resorts' business in their off-season, the Times reports.
Northern Europeans will be encouraged to visit southern Europe, and vice versa. Mr. Tajani wants to ensure people's "right to be tourists" remains intact.
National Post and news services
© Copyright (c) National Post
**my editorial, This is the how the end comes. Read Atlas Shrugged"**
A License Required for your house
Thinking about selling your house - A look at H.R. 2454 (Cap and trade bill) This is unbelievable!
Home owners take note & tell your friends and relatives who are home owners!
Beginning 1 year after enactment of the Cap and Trade Act, you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. H.R. 2454, the "Cap & Trade" bill passed by the House of Representatives, if also passed by the Senate, will be the largest tax increase any of us has ever experienced. The Congressional Budget Office (supposedly non-partisan) estimates that in just a few years the average cost to every family of four will be $6,800 per year. No one is excluded. However, once the lower classes feel the pinch in their wallets, you can be sure these voters get a tax refund (even if they pay no taxes at all) to offset this new cost. Thus, you Mr. and Mrs. Middle Class America will have to pay even more since additional tax dollars will be needed to bail out everyone else.
But wait. This awful bill (that no one in Congress has actually read) has many more surprises in it. Probably the worst one is this: A year from now you won't be able to sell your house. Yes, you read that right. The caveat is (there always is a caveat) that if you have enough money to make required major upgrades to your home, then you can sell it. But, if not, then forget it. Even pre-fabricated homes ("mobile homes") are included. In effect, this bill prevents you from selling your home without the permission of the EPA administrator. To get this permission, you will have to have the energy efficiency of your home measured. Then the government will tell you what your new energy efficiency requirement is and you will be forced to make modifications to your home under the retrofit provisions of this Act to comply with the new energy and water efficiency requirements. Then you will have to get your home measured again and get a license (called a "label" in the Act) that must be posted on your property to show what your efficiency rating is; sort of like the Energy Star efficiency rating label on your refrigerator or air conditioner. If you don't get a high enough rating, you can't sell. And, the EPA administrator is authorized to raise the standards every year, even above the automatic energy efficiency increases built into the Act.
The EPA administrator, appointed by the President, will run the Cap & Trade program (AKA the "American Clean Energy and Security Act of 2009") and is authorized to make any future changes to the regulations and standards he alone determines to be in the government's best interest. Requirements are set low initial y so the bill will pass Congress; then the Administrator can set much tougher new standards every year. The Act itself contains annual required increases in energy efficiency for private and commercial residences and buildings.
However, the EPA administrator can set higher standards at any time.
Sect. 202:
Building Retrofit Program mandates a national retrofit program to increase the energy efficiency of all existing homes across America . Beginning 1 year after enactment of the Act, you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. You had better sell soon, because the standards will be raised each year and will be really hard (i.e., ex$pen$ive) to meet in a few years. Oh, goody! The Act allows the government to give you a grant of several thousand dollars to comply with the retrofit program requirements if you meet certain energy efficiency levels. But, wait, the State can set additional requirements on who qualifies to receive the grants.
You should expect requirements such as "can't have an income of more than $50K per year", "home selling price can't be more than $125K", or anything else to target the upper middle class (and that's YOU) and prevent them from qualifying for the grants. Most of us won't get a dime and will have to pay the entire cost of the retrofit out of our own pockets. More transfer of wealth, more "change you can believe in."
Sect. 204:
Building Energy Performance Labeling Program establishes a labeling program that for each individual residence will identify the achieved energy efficiency performance for "at least 90 percent of the residential market within 5 years after the date of the enactment of this Act." This means that within 5 years 90% of all residential homes in the U.S. must be measured and labeled. The EPA administrator will get $50M each year to enforce the labeling program. The Secretary of the Department of Energy will get an additional $20M each year to help enforce the labeling program. Some of this money will, of course, be spent on coming up with tougher standards each year.
Oh, the label will be like a license for your car. You will be required to post the label in a conspicuous location in your home and will not be allowed to sell your home without having this label. And, just like your car license, you will probably be required to get a new label every so often - maybe every year. But, the government estimates the cost of measuring the energy efficiency of your home should only cost about $200 each time. Remember what they said about the auto smog inspections when they first started: that in California it would only cost $15. That was when the program started. Now the cost is about $50 for the inspection and certificate; a 333% increase. Expect the same from the home labeling program.
Sect. 304:
Greater Energy Efficiency in Building Codes establishes new energy efficiency guidelines for the National Building Code and mandates at 304(d), Application of National Code to State and Local Jurisdictions, that 1 year after enactment of this Act, all state and local jurisdictions must adopt the National Building Code energy efficiency provisions or must obtain a certification from the federal government that their state and/or local codes have been brought into full compliance with the National Building Code energy efficiency standards.
http://www.govtrack.us/congress/bill.xpd?bill=h111-2454
http://forum.grasscity.com/politics/499132-license-sell-your-house.html
PRKR my Augusta Masters play chart and short info.
FYI the fundies look bad for near termimo
ParkerVision Inc.
$ 1.91
PRKR
0.21
Short Interest (Shares Short)
5,090,600
Days To Cover (Short Interest Ratio)
21.7
Short Percent of Float
15.01 %
Short Interest - Prior
5,164,300
Short % Increase / Decrease
-1.43 %
Short Squeeze Ranking™
28
% From 52-Wk High ($ 4.90 )
-156.54 %
% From 52-Wk Low ($ 1.41 )
26.18 %
% From 200-Day MA ($ 2.63 )
-37.70 %
% From 50-Day MA ($ 1.88 )
1.57 %
Price % Change (52-Week)
8.50 %
Shares Float
33,924,849
Total Shares Outstanding
41,192,550
% Owned by Insiders
11.00 %
% Owned by Institutions
52.20 %
Market Cap.
$ 78,677,771
Trading Volume - Today
370,658
Trading Volume - Average
234,200
Trading Volume - Today vs. Average
158.27 %
Earnings Per Share
-0.65
PE Ratio
Record Date
2010-MarB
Sector
Technology
Industry
Semiconductor - Integrated Circuits
Exchange
NAS
bought back in.
I am not keeping current here. I sold at 7.30 and 5.70.
In ABIO at $5 & $7.
"A Time for Choosing" by Ronald Reagan
Out of THRR with about a hundred dollar gain. LMAO all the drama on that board. Huge P&D IMO. I am happy 100 bucks after broker charge. Just to much work for that one. Follow up UNG is at 52 wk low at 7.34. VSTNQ bounced back to .74 for No reason. Looking for next. Watch CFSC and SHSH.
selling today, horrible news. that's a "q" for ya. Going to cut my starting in half.
also playing EIGH e/m
VSTNQ bought 10k shares. .93
Panel Raises Concerns Over ‘Government Guarantee’ for Citigroup
By ERIC DASH
Published: March 4, 2010
http://www.nytimes.com/2010/03/05/business/05tarp.html
Members of a government committee overseeing the bank bailout program raised concerns Thursday about whether the repeated bailouts of Citigroup allowed it to enjoy special advantages by implying that the bank was too big to fail.
In their opening statements, several members of the Congressional Oversight Panel questioned whether the substantial support that Citigroup received at the height of the financial crisis could pose future risks on the financial system and the bank itself.
“I remain concerned that Citigroup remains vulnerable,” Damon A. Silvers, an assistant legal counsel to the AFL-CIO and a member of the committee, said in his opening statement.
Elizabeth Warren, a head of the Congressional Oversight Panel who has strongly advocated the breakup of too-big-to-fail banks, expressed concern in her opening statements that Citigroup received an undeservedly favorable credit rating that might encourage it to take undue risks. She also noted that the bank had a history of being bailed out.
“The sheer magnitude of Citigroup’s operations, and the company’s history of receiving extra government support has led this panel to this conclusion,” Ms. Warren said. “Citigroup enjoys an implicit government guarantee.”
Other members expressed concern that Citigroup had become a ward of the federal government, which owns 27 percent of the bank.
“My concern is that Citigroup is currying favor with its largest shareholder over its other shareholders,” Paul Atkins, a former Securities and Exchange commissioner, said, citing the example of Citigroup employees offering customers copies of one of President Obama’s books.
The panelists’ comments came before testimony by Vikram S. Pandit, Citigroup’s chief executive, who told the oversight panel that the bank owed a “large debt of gratitude” to American taxpayers for stabilizing it with more than $45 billion in aid from the Troubled Asset Relief Program, or TARP.
“This investment built a bridge over the crisis to a sound footing on the other side, and it came from the American people,” Mr. Pandit says. “Citi owes a large debt of gratitude to American taxpayers.”
The oversight panel, led by Ms. Warren, a Harvard Law School professor, has held more than a dozen hearings since it was formed to monitor the use of the federal bailout funds in late 2008. But the committee, split largely along partisan lines, has also delved into a broad range of issues, from mortgage modification woes to government guarantees of bank debt.
Despite their political differences, Ms. Warren and the other four panelists appear have had a strong desire to examine problems that arise when institutions are deemed too big to fail. At a hearing last month, they turned the spotlight on GMAC, the troubled car and housing lender which received three helpings of government capital. Taxpayers’ $17.2 billion investment now gives the government a majority ownership stake in that company.
Thursday’s hearing was expected to provide members of the panel a chance to press their case for financial reform. In particular, Ms. Warren has been perhaps the leading proponent of a standalone consumer financial protection agency.
Senate Banking Committee members are still hammering out the final details of a financial regulatory reform bill, and it unclear what form, if any, the consumer protection agency will take. Senator Christopher J. Dodd of Connecticut, the Democratic chairman, recently expressed support for placing the agency within the Federal Reserve. Other Democrats have advocated that it be in the Treasury Department, while some Republicans believe the agency should be dropped from the reform package altogether.
Most of the hearing’s focus, however, is expected to be on Citigroup, which perhaps reflects its distinction as the deepest and most troubled of the American banks.
Only in December did the bank begin the delicate process of untangling itself from the government. It repaid $20 billion of the $45 billion of bailout funds and shed a federal insurance policy that at its peak covered losses on some $301 billion of illiquid loans and securities. Taxpayers, however, still own 27 percent of Citigroup.
In his testimony, Mr. Pandit weighed in on the current policy debate with a series of sound bites that may be more remarkable for what is left unsaid.
For example, Mr. Pandit, stressed “banks should operate as banks, focused completely on serving their clients” but he stopped short of formally endorsing the Volcker Rule, which strictly bars banks from proprietary trading or sponsoring private equity units or hedge funds. He also advocates strengthening consumer protection at the federal regulatory level, but stopped well short of endorsing a new agency.
Mr. Pandit said that Citigroup was in a “much healthier position” and reiterates the progress he has made on his turnaround plans.
Under pressure from regulators, Mr. Pandit has raised billions of dollars of fresh capital, overhauled the bank’s risk management practices and board, and reduced its balance sheet by more than $500 billion by selling off assets and businesses. He expects Citigroup to “perform as well as possible” through the downturn but gave no indication of when the bank will return to profitability.
“We are confident in the business strategy,” Mr. Pandit concluded in his prepared remarks. “Everything we have been doing is to ensure that Citi never again needs the assistance of the American taxpayer.”
Sold PCX, fell below the 200dma and cant break through the 50
500 PCX PATRIOT COAL CORP Details $19.32000 =$9,650.92
original purchase was 8,473
Up 1177.
next, watch for pull back on vstnq to the 50 day around .70ish
PCX up 11%, up a grand
well this is looking much better today
02/25/2010 Buy 500.0000 PCX PATRIOT COAL CORP Details $16.93000
-$8,473.95
today it is
PCX PATRIOT COAL CORP 500 $18.06
+$1.40 =$9,030.00 +$700.00 today
Holding for a sell signal
Also bought VSTNQ on friday, but that is a lotto now a compound play. Added some shares of it today also on the 50% retraction.
PCX up 5% today. looks good.
only 500 went through, my bad. at 17.10 after hours.
bought PCX 550 shares.
9,320
Sold UNG a couple days ago. I Have not been posting lately do to other parts of life being hectic. Looking for a new trade.
thanks for the heads up....
no Dave for sometime now.....I hope he didn't get burned with options!!!
PCX was on a tear after this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41531704
Good news for the United States Natural Gas Fund, LP (NYSE:UNG), the U.S. Energy Information Administration (EIA) said today it expects domestic natural gas production in 2010 to be down 3% from 2009 levels.
ungThe US Nat Gas Fund (UNG) has managed to comeback 15.8% since Dec 3rd after falling into the mid $8 range. Today the UNG is at $10.09 a share, its 52-week range runs from $8.50 to $23.33.
In its January Short-Term Energy Outlook, EIA said it expected marketed natural gas production to be down 1.8 billion cubic feet per day, or 3 percent, this year, primarily due to steep declines from initial production at newly drilled wells and the lagged effect of reduced drilling activity.
What’s Haunting Timothy Geithner?
Criticism has dogged the treasury secretary for months. Now newly uncovered e-mails indicate how the New York Fed, under his tenure, directed AIG to keep quiet about its disbursement of $62 billion in bailout funds.
A cache of e-mails released Thursday by the office of Rep. Darrell Issa, a California Republican and ranking minority member of the House Committee on Oversight and Government Reform, paints a startling picture of how lawyers for the New York Fed directed AIG to withhold key details from the SEC about the billions in credit default swaps it had issued to some of the world's biggest banks, and its decision to make good on every penny of them, even as many of these banks were being bailed out themselves. At the request of Republican members of the Oversight Committee, its Democratic Chairman Rep. Edolphus Towns of New York, has announced that he will bring Geithner in front of the committee for a hearing later this month about the advice the New York Fed gave to AIG. If Geithner doesn't show, he could be subpoenaed. AIG has refused to comment on the matter.
The e-mails span five months beginning November 2008, and chart how the New York Fed pushed AIG to delay filings and become less and less transparent in disclosing its counterparty agreements, and in setting up the publicly-funded holding company, Maiden Lane LLC III, that was created to buy up toxic securities it had insured. Throughout the chain of e-mails, lawyers from Davis Polk & Wardell LLP, representing the New York Fed, actually cross out language explaining that AIG paid its counterparty banks "100 percent of the par value" of the bad securities it had insured. They also give it instructions not to mention the nearly $10 billion of synthetic CDO's that remained on its books. A synthetic CDO is a security whose underlying asset is not a bond, but an insurance contract on a bond. They are widely seen as some of worst of the toxic securities at the heart of the crash.
There are moments in the e-mails when lawyers for AIG push back, arguing for more disclosure, but in the end, they acquiesce. The exchanges depict AIG as stuck in the middle of a tug of war between the SEC and New York Fed, with the SEC trying to pull the bailed out insurance conglomerate toward transparency, and the New York Fed trying to keep it in the dark. While there don't appear to be any claims that AIG or the New York Fed acted illegally, the emails do bring to the fore the lack of transparency that permeats the system. "It appears the New York Fed deliberately pressured AIG to restrict and delay important information to the SEC," Rep. Issa said in a statement. "The lack of transparency is disturbing enough, but the outstanding question that remains is why the FRBNY didn't fight for a better deal for the American taxpayer."
The e-mails could spell more trouble for Geithner, who has drawn criticism from lawmakers over the last year for his perceived coziness with Wall Street. During much of the back and forth e-mails in November and December 2008, Geithner was still president of the New York Fed. But the Treasury Department and the New York Fed insist that he had nothing to do with the discussions, that he had recused himself of the matter in anticipation of his nomination by President Obama. "Secretary Geithner played no role in these decisions and indeed, by Nov. 24, he was recused from working on issues involving specific companies, including AIG," a Treasury spokesperson wrote in an e-mail to NEWSWEEK. The New York Fed followed shortly with a statement from its general counsel Thomas Baxter stating, "Matters of AIG securities law disclosure would not have been brought to the attention of the president of the Federal Reserve Bank of New York." Baxter has also been asked to attend the Oversight Committee hearing, scheduled for teh week of January 18.
Critics say that considering Geithner was at the time preparing to be appointed Treasury Secretary, a role in which he would undoubtedly have to deal with the swelling $182 billion AIG bailout, that it's unlikely he was completely in the dark. And that if he had disavowed himself of all knowledge of the situation with AIG, how well was he really doing his job?
con't
http://www.newsweek.com/id/229887
DISK i made a deal with the shorts to sleep in today..i'm UP now LOL
I haven't played disk since april'ish....glad to see ya making some jack$. Hope you do well I haven't kept up with the chart or dd. AAND HAPPY FRICKEN NEW YAR!!
Buzz Aldrin told journalist he saw a UFO near the Moon
28 ratings
1.25
scroll below to rate
Michael Cohen m.cohen@allnewsweb.com
A Bolivian Journalist, Mr Eduardo Ascarrunz, has claimed that Buzz Aldrin, the second man to walk on moon, confided in him that a UFO followed the astronauts on the Apollo XI mission.
Aldrin allegedly told the journalist that 'The significance of July 20 1969 is not that man's feet touched the lunar surface but that on that day we realised that humans share the universe with other intelligent beings'. NASA is said to have gone to considerable efforts to cover up this UFO event.
Aldrin is said to have made the comments regarding his UFO experience on one of a number of trips he made to Bolivia. His interest in Bolivia stemmed from the fact that while in space he saw a flash of light that he believed came from the salt-beds of the Salar De Uyuni lithium mines: The largest lithium deposits in the world.
Aldrin is also believed to have had meetings with Andean tribal wise men regarding traditions of ancient extraterrestrial encounters during his trips to Bolivia.
Thought I'd tell you
Rammer Jammer Yellowhammer
Give 'em hell Alabama
ROLL TIDE ROLL
YOU DON'T HAVE TO YELL!__lolllll
AYE PKRRRRR!____---DISK---___@.28CENTS HERE WE SEE ACCUM....HMMMM*BEE COOL!!!
I think I may hold. They are calling for a week of freezing temps all the way down through Florida. That will pump up demand and the price. I have a sell at 11.19, but do I trade the plan or hold. Look like it could run to that 12.20 resistance, and possibly the 14 mark, hell last January it was $25. what do you think.
United States Natural Gas (NYSE: UNG) 5.33% higher to $10.87. The NOAA forecasts below-normal temperatures for the week of January 11 - 15, 2010. February nat gas futures are trading $0.356 higher to $5.993, a 6.3% rise.
UNG good up day today, what is coming, will it break that resistance? Starting the process of looking for the next play.
Cell phones for the poor? What has happened to society? A cell phone is a perk like a big screen tv or cable. Seems like a nightmare happening in America. My taxes are going up and my income is frozen due to the recession. Somehow people are getting government subsidized cell phones, when the country/government(us) cannot afford it. The country is broke..... well 12.5 trillion in debt and going deeper and faster. Yet a program like this is here. Plus my tax dollar goes to the ceos and phone companies who take advantage of it.
http://www.nytimes.com/2009/06/15/technology/15cell.html?_r=1
I looking for a sell day on UNG, I figured the dip was eoy selling. So tomorrow 10.80's? I still would like 11.19 but may have to reconsider.
Our system posted a SELL-IF today. The previous BUY recommendation was made on 12.17.2009 (11) days ago, when the price was 10.2000. Since then UNG has gained 6.37% .
Watch it
Freddie, Fannie revelations no laughing matter
POSTED: December 27, 2009
While Red Skelton's Freddie the Freeloader could always get a laugh, a couple of Washington clowns are more likely to raise your blood pressure, instead of a chuckle.
The new Freddie and Fannie the Freeloaders - also known as Freddie and Fannie Mae - were back in the news last week with word that the federal government is prepared to hand over more of our dollars to ensure the two agencies stay afloat.
The Treasury Department announced on Christmas Eve that it would lift the $400 billion cap in financial aid to agencies that buy mortgages and sell them to investors with certain guarantees to provide liquidity to the mortgage market. Fannie Mae and Freddie Mac own or guarantee nearly 31 million mortgages worth about $5.5 trillion. That's about half of the nation's home loans, The Associated Press reports.
The puzzling thing is why the government took the action to remove the cap. So far, the agencies have grabbed about $111 billion taxpayer dollars to stay afloat, and a senior official said that the Treasury Department isn't expecting the losses to top $170 billion.
So why remove the $400 billion cap? Is this a hint that bad things are on the horizon?
The Washington Post reports that Fannie Mae and Freddie Mac have received more in direct taxpayer aid than any other firm except insurer American International Group, and the two agencies have no plan to repay taxpayers.
Isn't that nice.
But there's even more that struggling Americans may find less than amusing about the D.C. Freeloaders.
While most people were focused on getting ready for the holidays, word came out that Uncle Santa already had visited top Freddie Mac and Fannie Mae executives.
The Treasury Department and the Federal Housing Finance Agency have approved pay packages of up to $6 million for the CEOs of Fannie Mae and Freddie Mac. This includes $900,000 in salary, $3.1 million in deferred payments and up to $2 million for meeting performance goals.
The Los Angeles Times reports that four more Fannie Mae executives and one at Freddie Mac have base salaries in excess of $500,000, and they could earn much more. The compensation plan for Fannie Mae leaders could push their total pay to $2.7 million or more, while the Freddie Mac official could earn $1.15 million a year if certain conditions are met.
What's required for CEOs and other executives to receive those big paychecks hasn't been disclosed.
We only hope that acting responsibly and returning these agencies to profitability are at the top of the list. Until Freddie and Fannie are in the black, it's hard to justify top executives seeing the bonus green and laughing all the way to the bank at our expense.
Even Red Skelton couldn't make that amusing.
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Moderator FiremanDave | |||
Assistants pkripper bama4me penny_foolish KingofPennies |
Welcome to Firemandave and friends stock picks. All stock plays are welcome here although we are a savvy group playing mostly NYSE,NASDAQ and AMEX plays. The occasional OTCBB or even OTC is sometimes played by this savvy group of traders, however, we never buy the story behind the play.
OUR DAY JOB
Firemandave has hot picks
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