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ENGY - Good CEO interview, on track, and looking good into the future. DYODD soon.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Trying to broderick. It's not always easy though.
Free Money Making Opportunity
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TEXN - 100:1 up your tush'r announced.........
Sucks biggly, as usual.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Not a prob josh, I imagine you was makin money.......
Rick... Scammers! Help yourself to the fire.
Report scum,err scams here.#board-610
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John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Oh, and Hi broderick! Sorry I missed you yesterday.
Free Money Making Opportunity
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..ITHH ..News >
Press ReleaseSource: ITIS Holdings Inc.
ITIS Trial Counsel Live Media Appearance
Friday January 17, 12:46 pm ET
HOUSTON--(BUSINESS WIRE)--Jan. 17, 2003--ITIS Holdings Inc. (OTCBB:ITHH - News) announced that John O'Quinn, chief trial counsel in its upcoming stock manipulation suit in New York, will appear live on Corporate Strategies on Sunday, Jan. 19, 2003, at 8:10 p.m. CST. O'Quinn will discuss the alleged manipulative scheme which he says involves damages he believes are "bigger than Enron, WorldCom and Adelphia combined." O'Quinn is chief trial counsel in several such suits already on file.
Listeners may call in live at 877/266-7469 or listen live on the Internet at www.businesstalkradio.net. The program, co-hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net) and Mike King of Princeton Research, is also carried on more than 275 local radio affiliates nationwide. "Corporate Strategies with Tim Connolly" features financial experts providing the latest intelligence on equities, income investments and other investment strategies.
ITIS Holdings Litidex® subsidiary, which has been in the automated litigation support business for nearly 20 years, is handling the litigation support work for O'Quinn on all these stock fraud cases.
About ITIS Holdings
ITIS Holdings Inc. operates subsidiaries that provide litigation support (Litidex®) and that operate specialized medicine pharmacies (PharmHouse(TM)), as well as OnPoint Solutions, developer of the Litidex® and RightScript(TM) software and other software and hardware technologies. Subsidiary National Law Library Inc. receives royalites related to the sale of its legal databases.
........Larry....!!..
....................The best is YET to come....!!
Good Morning!
Free Money Making Opportunity
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URMP - News: http://www.investorshub.com/boards/read_msg.asp?message_id=686561
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Howdie Josh, Ron, ez........
Rick... Scammers! Help yourself to the fire.
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ENGY - CEO "..State of the Company.." interview this afternoon.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Wall Street Seen Opening Flat to Higher
09:17 a.m. 01/16/2003
By Haitham Haddadin
NEW YORK (Reuters) - Stocks were expected to open flat to a notch higher on Thursday as reports on jobs and inflation improved the tone of a market weighed by renewed jitters over a possible war with Iraq and higher oil prices.
New U.S. claims for unemployment benefits unexpectedly fell to their lowest level since November in the week ended Jan. 11, the Labor Department said on Thursday.
Another economic report, the Consumer Price Index, showed that consumer prices rose slightly in December but ended the year on a tame note, underscoring the lack of inflationary pressures in the U.S. economy.
"What really got the market moving today was the surprise drop in jobless claims. Most analysts expected jobless claims to rise but they fell fairly substantially, which is very good news," said Phil Flynn, vice president and senior market analyst at Alaron Trading Corp.
"With unemployment hovering around 6 percent, this drop in jobless claims could be a good sign for the future, though the market will still have to see some building in new jobs in the future."
Equity index futures improved after the release of the data, and were signaling a flat to a slightly higher open on Wall Street. The Nasdaq 100 March contract was unchanged at 1,077 earlier but later rose 2 points to 1,079, and Standard & Poor's 500(SPX)futures added 1.40 points at 922.40, having earlier slumped by a similar amount. Dow futures shed a loss of 6 points and moved up 19 points to 8,750.
The Street is also on the lookout for more earnings news from a number of marquee technology names including Microsoft Corp.(MSFT)and International Business Machines Corp.(IBM), both due after the regular session.
Stocks fell Wednesday after a lackluster capital spending forecast from technology bellwether Intel Corp.(INTC)disappointed investors looking for signs that corporate America's profit picture is improving.
HIGH OIL PRICES WEIGH
In international news which could impact trading on Thursday, chief U.N. weapons inspector Hans Blix said he would tell Iraq the situation was "very tense and very dangerous" and only fuller cooperation with his team could avert the option of war. The news sent oil prices higher on international markets.
"The Iraqi situation has not died down and oil is up another 50 cents because of the comments by Hans Blix," said Peter Boockvar, equity strategist at Miller Tabak & Co. "The stock market will have a difficult time to move higher with oil at these levels."
Oil prices in New York now hover above $33 a barrel amid fears over a possible U.S. war with oil-rich Iraq and worries about low supplies due to the prolonged Venezuelan strike.
On Wednesday, stocks slumped. Weakness in a key wholesale-level inflation gauge, the Producer Price Index (PPI), spurred concerns that a lack of pricing power could hinder any rebound in corporate profits, and the Federal Reserve's closely watched Beige Book report suggested the U.S. economy's sluggishness continued into early January.
In Thursday's Consumer Price Index report, the most widely watched gauge of U.S. inflation pressures gained a seasonally adjusted 0.1 percent in December. It also posted a 0.1 percent increase outside of the volatile food and energy categories. The gains were less than Wall Street analysts had expected.
"I think the CPI (numbers) were neutral to friendly for the market. The good news is that inflation for the consumer continues to be very low, which will keep the consumers spending," said Flynn of Alaron Trading.
"Of course there is a problem on the horizon even though we got good news today on consumer inflation. The threat of higher oil prices is overshadowing the report."
Unemployment claims dipped by 32,000 to a seasonally adjusted 360,000 in the week, down from a revised 392,000 in the prior week. The level was much lower than economists expected but a Labor analyst warned that adjustments intended to deal with seasonal fluctuations in claims may have had a downward impact on the numbers.
APPLE, YAHOO REPORT
Several technology stocks sagged in after-hours trading on Wednesday as investors sifted through a mixed bag of earnings reports from marquee names like Yahoo Inc.(YHOO)and Apple Computer Corp.(AAPL)
Apple Computer posted its second consecutive net loss after soft year-end computer sales and a restructuring charge. Shares fell to $14.29 from $14.43 at Wednesday's close.
Internet media company Yahoo posted better-than-expected earnings after Wednesday's close, reversing a loss from a year ago. But Yahoo's shares fell in extended-hours trading, slipping to $18.91 from $19.58 at Wednesday's close. So far this year, Yahoo's shares have risen nearly 20 percent.
United Technologies Corp.(UTX)rose to $65.50 from a close of $64.40. It said on Thursday quarterly net income rose 54 percent on robust sales of its Otis elevators in Asia and from easier comparisons in the year-earlier period when it took restructuring charges.
On Wednesday, the tech-laden Nasdaq Composite(COMP)dropped 22.19 points, or 1.52 percent, to 1,438.80. The blue-chip Dow Jones industrial averagefell 119.44 points, or 1.35 percent, to 8,723.18. The Standard & Poor's 500 index(SPX)shed 13.44 points, or 1.44 percent, to 918.22.
Index futures slightly positive so far. Not much indication of today's direction though.
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Hi EZ and Muell!!
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Good morning everybody.
G/M !!!!!!!!!!!!!!!!! :)
EZ 2 :)
[Suppressed Sound Link]
Good Morning!
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John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
ITHH ... Breakout ....!!
........Larry....!!..
....................The best is YET to come....!!
CYCY - News: http://www.investorshub.com/boards/read_msg.asp?message_id=680712
Motoring right a long as usual; many good things come from Iowa.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Yes, I saw that. The have a stock buyback program in place and a good amount of cash with no debt. Could be a solid play for 2003.
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someone else like it too !
http://www.forbes.com/2002/12/24/cz_jd_1224watch.html?partner=yahoo&referrer=
EZ 2
Looking at this one today.
http://biz.yahoo.com/p/a/amswa.html
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Doing great. Me too. Bargain hunting everyday.
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Doing good Joshua.....how about you ?
Waiting for some of the 'eagles to soar' !!! :)
and, always keeping an eye on wounded ducks too !!!! :))
EZ 2
How's it going EZ?
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G/M !!!!!!!!!!!!!
EZ 2
Good Morning!
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John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
ENGY - News: http://www.investorshub.com/boards/read_msg.asp?message_id=677157
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
New board: GVTS: http://www.investorshub.com/boards/board.asp?board_id=1500
Check it out.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
I always thought the "..family room entertainment corporation..." was SEARS - they have everything, you know.....
And, if you join the Craftsmen Club you get an extra 10% off on the 'toys'.
Tee hee.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
I've been getting emails touting FMLY and thought I would take a look at it. On the surface it looks O.K. but I found this little tidbit in the last 10-Q/A. It looks to me like the plan might be to issue a lot of shares (Up to 200M) and then execute a reverse split. While this may not be the company's plan, they certainly set the table to do so. The corporation approved the increase of authorized shares and the reverse split in Dec. 2001 but they haven't filed a request with the state of New Mexico for the increase yet so the authorized is still listed at 25 Million. When or if they file the request with the state of New Mexico for the increase in authorized shares, there may be a dilution problem. From what I can tell, the company has until November 2003 to enact the reverse split so this year may be the year they begin to dilute. I got the November date from the Proxy statement filed in November 2001.
From the November proxy.
In addition, the Board will have the authority to determine the exact timing of the effective date and time of the Reverse Split, which may be any time prior to November 29, 2003
From the most recent 10-K.
During the year ended June 30, 2002, the Company issued 400,000 shares of common stock to its legal counsel for $57,500 of cash plus $113,665 of services and a receivable of $16,000 that was collected subsequent to year end. Also during 2002, the Company's stockholders approved an increase in the number of authorized shares of common stock from 25,000,000 shares to 200,000,000 shares. However, the Company has not yet filed a request with the state of New Mexico for approval and the increase in authorized shares is not reflected in the financial statements.
From the most recent 10-Q.
There were certain matters submitted for a vote by our Company's security holders at the annual shareholders meeting held December 5, 2001, all of which received shareholder approval. The shareholders approved an increase in the
number of authorized shares from 50,000,000 to 200,000,000 plus a proposal to provide for a 2 to 1 up to a 5 to 1 reverse split of common shares. However, at this time there is no plans to do a reverse split.
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FSTI (OTCBB) FreeStar Technologies Announces Petition by Short Selling Syndicate
FRIDAY , JANUARY 10, 2003 09:46 AM
SANTO DOMINGO, Dominican Republic, Jan 10, 2003 (BUSINESS WIRE) -- FreeStar Technologies, Inc. (OTCBB:FSTI), a company providing one of the world's first live, operational debit and ATM solutions with PIN-authenticated payment solution on the Internet, PaySafeNow, and a leading Northern European Processing subsidiary, Rahaxi Processing Oy, has been notified that a Chapter 7 Involuntary Bankruptcy Petition has been filed against the Company.
Paul Egan, President and Chief Executive Officer of FreeStar, stated: "There is clearly a connection between this petition, filed in the Southern District of New York yesterday afternoon by Larry Ivan Glick on behalf of vFinance, Inc., David Stefansky, Richard Rosenblum, Marc Siegel, Boat Basin Investors LLC, and Papell Holdings Ltd., and the short selling activities of vFinance and affiliates during the month of December 2002. We dismiss the petition as a frivolous and transparent attempt to mitigate the financial losses of the aforementioned individuals' illicit short selling activities. FreeStar Technologies is solvent and will therefore defend the petition vigorously."
Continuing, Egan added: "This is a bad faith filing, pure and simple; vFinance has possession of collateral underpinning their claim, thereby rendering the debt secure. We will continue to resist Messrs. Stefansky, Rosenblum and Siegel's increasingly desperate attempts to circumvent Rule 144 provisions. FreeStar Technologies has funding commitments exceeding the claims in question and will seek substantial punitive and consequential damages pursuant to the Bankruptcy Code."
About FreeStar Technologies, Inc.
With Corporate headquarters in Santo Domingo, Dominican Republic, and offices in Dublin, Ireland, and Helsinki, Finland, FreeStar Technologies is focused on exploiting a first-to-market advantage for enabling ATM and debit card transactions on the Internet. FreeStar Technologies' Enhanced Transactional Secure Software ("ETSS") is a proprietary software package that empowers consumers to consummate secure e-commerce transactions on the Internet using credit, debit, ATM (with PIN) or smart cards. It sends an authorization number to the e-commerce merchant, rather than the consumer's credit card information, to provide a maximum level of security. FreeStar entered into an agreement to acquire leading Northern European processing, Rahaxi Processing Oy, in September 2002. For more information, please visit the Company's web sites at http://www.freestartech.com, http://www.rahaxi.com and http://www.epaylatina.com
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
CONTACT: FreeStar Technologies, Inc., Santo Domingo
Paul Egan, 809/503-5911
pegan@freestartech.com
URL: http://www.businesswire.com
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with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
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John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
URMP 0.245 +0.085 (+53.12%) 0.24 0.245 1,455,000
Could be getting a whole lot closer to producing a sackful of dinocritter squeezin's......
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Yes, a bit overvalued. Earnings will be adversely affected in the short term and it is trading over 2 times net tangible book value. A bit risky at this time. If they report a couple of quarters of net losses, the price should come down to more reasonable levels.
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Good morning Josh, EZ, and all. EZ I'll go along with Josh on this one but would like to add that it seems a little pricey right now. Also being a low floater it will move quickly and I suspect the next move will be down, but then I don't know anything about stocks!
Ron
Looks like it may have found technical support at $10.00. Net Tangible Book Value is $4.94. Looks like they will have a significant addition to the top line through the acquisition of MedUnite but it will most likely hurt net earnings for 2003.
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xxrayeyes/muell ---- take a look at this........
http://activequote.fidelity.com/rtrnews/research_frameset.phtml?page=stocks_main.phtml%3Fin_page%3Ds...
EZ 2
market news
--------------------------------------------------------------------------------
CMKI (OTCBB) CASAVANT MINING-KIMBERLITE INTERNATIONAL
--------------------------------------------------------------------------------
Casavant Mining Kimberlite International Announces
TUESDAY , JANUARY 07, 2003 09:44 AM
LAS VEGAS, Jan 7, 2003 (BUSINESS WIRE) -- Casavant Mining Kimberlite International Inc. (OTCBB:CMKI) announced today a series of corporate initiatives in advance of the January 15, 2003 majority shareholder meeting to be held in Las Vegas, NV.
First, CMKI is encouraging every shareholder to hold his shares in certificate form and if the shares are held in street name to make sure that he registers the shares in his own name to make sure the shareholder is properly identified in the official shareholder's audit that is being conducted by the Company and its Transfer Agent. The purpose of the audit is to make sure that every shareholder of record is identified for purposes of the CMKI's mandatory share and cash dividend policy. The share and cash dividend policy is explained below in fuller detail.
Second, CMKI will be contacting the broker-dealer and market maker community to request their cooperation in the shareholder audit. In this regard, CMKI has identified the following market-makers who are active in the Company's shares based on information obtained on January 6, 2003 at www.otc.bb.com, as follows:
AGIS Aegis Capital Corp.
BAMM Brokerage America, Inc.
BMAS BMA Securities
BPAT Baird, Patrick & Co., Inc.
CLYN Carlin Equities Corp.
DOMS Domestic Securities, Inc.
FRAN Wm. V. Frankel & Co., Inc.
GNET Globenet Securities, Inc. (1)
GNLN Gunallen Financial, Inc.
GVRC GVR Company LLC
HILL Hill Thompson Magid, L.P.
JEFF Jeffries & Company, Inc.
LTCO Ladenburg, Thalman & Co., Inc.
MAYF May Financial Corporation
MHMY M. H. Meyerson & Co., Inc.
NAIB Global Partners Securities Inc.
NATL National Securities Corporation
NITE Knight Securities, L.P.
PGON Paragon Capital Markets, Inc.
PILL Phillip Louis Trading Corp.
PRGM Program Trading Corp.
PUGS Puglisi & Co.
QUIN Park Financial Group, Inc.
SCHB Schwab Capital Markets, L.P.
SEAB Seabord Securities, Inc.
TDCM T.D. Waterhouse Capital Markets
VFIN Vfinance Investments, Inc.
(1) Globenet Securities, Inc. was an active market maker during part of the trading day on January 6, 2003, but later "excused" itself from market making activities.
Third, CMKI has been informed that majority shareholders plan on holding their shares in certificate form indefinitely if it helps the Company combat "naked short selling". Under a naked short sale, short positions are not declared, shares are not borrowed to cover the short sale, and the shares are sold without delivering the stock to the purchaser. Real shareholder ownership is undermined by naked short sales of stock and failed deliveries of real certificates that artificially inflate ownership and devalue the price of the securities.
Fourth, CMKI, as previously announced, plans on approving at its majority shareholder meeting a mandatory share and cash dividend policy. The share dividend policy reflects the Company's acquisition strategy that identifies undervalued take-over targets in mineral resource and related businesses. The Company is currently evaluating 7 companies each of whom will benefit from new managerial economic assessment, asset appraisals, accounting peer review and legal restructuring.
Fifth, CMKI believes that its shareholders and the targeted company's shareholders will best benefit from a "cross-dividend" policy. For example, if CMKI acquires a new target company in an exchange of shares, CMKI will pay its shareholders a mandatory 8% dividend of the total number of shares exchanged with the new target company. The shareholders of the new target company will be treated with the same fairness and therefore will be entitled to receive a mandatory 8% dividend of the total number of CMKI shares exchanged with the new target company. Since the mining and mineral resources business is highly fragmented, CMKI believes that its acquisition strategy will provide a way to leverage its assets into a larger more diversified portfolio of companies.
Sixth, CMKI believes that its cross-dividend policy will result in share dividends being issued in the 3Q03. The legal audit of its shareholders of record will speed up this process. Further, CMKI has structured its mandatory 10% cash dividend policy (which is based on its net earnings) to benefit those shareholders of record on the declared dividend date.
Seventh, CMKI believes that its acquisition strategy, spearheaded by the Casavant Family, will require the addition of a seasoned management team. Accordingly, the Board of Directors has nominated Jay McFadden to become Vice-Chairman and Chief Executive Officer, David Bending as President and Chief Operation Officer, and Rick Taulli as Secretary. Messrs. McFadden, Bending and Taulli are currently affiliated with Juina Mining Corporation. See www.juinamining.com. The Board of Directors has nominated David DeSorneau as Treasurer. Mr. DeSorneau was previously a consultant to CMKI. See December 3, 2002 Press Release. The nominations will be voted upon by the majority shareholders at the January 15, 2003 meeting.
Eighth, CMKI will be a featured guest on the news talk radio show "Not for Widows and Orphans", hosted by international economist Mike King at Princeton Research, Inc. The radio talk show is broadcast live via the internet every Sunday evening. The talk show schedule is available at www.princetonresearch.com
FORWARD LOOKING STATEMENTS
This Press Release contains "forward looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this Press Release other than statements of historical fact are "forward looking" statements. Although Management believes that the expectations reflecting in these forward looking statements are reasonable. It can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release.
CONTACT: Princeton Research, Inc.
Mike King, 702/650-3000
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: NEVADA
INDUSTRY KEYWORD: MINING/METALS
SOURCE:
Casavant
Mining
Kimberlite
International
Inc.,
STOCK SYMBOLS: [(cmki)]
Rick... Scammers! Help yourself to the fire.
Report scum,err scams here.#board-610
Keep VRDE on your radars, volume has been increasing lately!
Ron
Good Morning. Index futures are a mixed bag today with the Dow and S&P futures slightly lower and the NASD futures slightly higher. No real indication of direction.
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John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Good Morning! It's the Net Tangible Book Value formula I have been talking about. Screen out anything trading above 2 times book value. I screen out stocks trading over 2 times book and over 15 times earnings. After that, I look closely at the financials to make sure they aren't puffing up the book value with a lot of goodwill and intangible assets. Once you get the net tangible book value figure, you have a better idea of actual value. From there, you can decide what you want to invest in. Doing this will help you buy stocks at a reasonable valuation. If you go strictly by earnings, you could be buying a stock that is trading at 15 times earnings but at the same time is trading at 10 times book value. Would you pay 10 times the appraised value for a house? No. So why should you do that with stocks? There aren't a lot of stocks that will add 200% to book value in any given year so you shouldn't be paying over 2 times book ever.
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Well you are doing better than 90% of the folks josh,Good morniong.........
Rick... Scammers! Help yourself to the fire.
Report scum,err scams here.#board-610
Beat the market but still negative for the year. It is funny to me that all these guys are braggiong about losing money. I have seen tons of mutual fund managers touting the fact that they only lost XXX amount. What a joke. I was up in 2002 by about 23% in my main portfolio.
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TVIN made it into the dollar range with very little fanfare. Still holding on for the moment. Hope you guys got in back in Jan. 2002 when it was first mentioned here.
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Stocks Advance on Economic Stimulus Hopes
NEW YORK (Reuters) - Stocks rose in early morning trading on Monday as investors bet President Bush's economic stimulus package, expected on Tuesday, will boost corporate profits by cutting costs for corporations.
Bush will likely propose cutting taxes on dividends and speeding up tax breaks for the nation's top earners. Details of the president's plan helped offset worries about the upcoming quarterly earnings reporting season and fears about a possible U.S.-led war with Iraq, traders said.
"Much of this negative news is being offset by hints being released about President Bush's stimulus package," said Harry Michas, stock index futures trader at manmarketmonitor.com.
The Dow Jones industrial average (26099400) was up 59.03 points, or 0.69 percent, at 8,660.72. The broader Standard & Poor's 500 Index (SPX) rose 8.73 points, or 0.96 percent, to 917.32. The technology-laced Nasdaq Composite Index (COMP) was up 18.02 points, or 1.3 percent, at 1,405.10.
Companies are expected to start posting quarterly results over the next few weeks and worries linger about what the reports may bring.
In addition, growing fears about a war in Iraq are expected to keep a lid on stocks. Iraqi President Saddam Hussein on Monday dismissed U.S. threats to disarm Iraq by force and said his country is ready for war.
"The market still has a lot of concerns about the Middle East," said John Person, head financial analyst with Infinity Brokerage Services. "Saddam Hussein's speech was proactive for war rather than cooperative peaceful means."
FEDEX GAINS
Stocks on the move included the world's biggest air-express firm, FedEx Corp <FDX.N, which rose $1.85, or more than 3 percent, to $57.35 after Credit Suisse First Boston raised its rating on the company to "outperform" from "neutral," saying it has a long-term strategy that will likely help improve profits.
AT&T Corp. (T) fell 6 cents to $27.60 after the largest U.S. long-distance telephone company said it will take a $240 million restructuring charge as it cuts about 3,500 jobs amid shrinking revenue and stiff competition.
Online hotel reservations company Hotels.com (ROOM) tumbled $15.20, or 25 percent, to $43.84 after saying it expects to post lower-than-projected revenue and earnings in the fourth quarter, due to a slump in worldwide hotel occupancy and higher expenses.
The latest economic data showed a decline in the U.S. services sector.
The Institute for Supply Management's index of non-manufacturing data slipped to 54.7 in December, lower than the 55.9 expected by economists, and down from the 57.4 in November.
Stocks pared gains immediately after the report, then pushed higher.
ECONOMIC DATA EXPECTED
Stocks rose last week, gaining some ground in the first two days of the new year. For the week, the Dow average had gained 3.6 percent, the S&P 500 gained 3.8 percent, and the Nasdaq advanced 2.9 percent.
Traders say the market's direction in coming days will rely heavily on economic data.
"Whether the market can continue higher depends on major economic and fundamental events this week, namely President Bush's tax plan announcement tomorrow and the monthly unemployment report on Friday," said Person. "Virtually every day this week there will be an economic report that will be closely watched." (Additional reporting by Doris Frankel in Chicago)
EZ 2
end of year "Dogs" results:
http://www.dogsofthedow.com/dogyrs.htm
EZ 2
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