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Well is the reason it is on watch...the stock too..
You 'did' clickback too, right ?
Oh my...who wouldn't..the heck with the stock..I now have ICON on watch..Heh heh heh
MidnightTrader's Pre-Market Trading Ranges 07/29 08:50 AM
08:50 AM Eastern Daylight Time, 07/29/2009 (MidnightTrader) --
Below is a list of some of the most active news-driven movers in the pre-market session, including their respective trading ranges.
UPSIDE MOVERS
MSFT: 23.39 to 23.89
INO: 0.90 to 2.21
ELRN: 5.95 to 6.56
CNO: 2.30 to 2.47
JNY: 12.60 to 13.22
MCK: 50.16 to 51.40
CGEN: 2.22 to 2.41
DOWNSIDE MOVERS
YHOO: 17.75 to 15.80
S: 4.60 to 4.21
HGSI: 14.56 to 14.19
RCL: 16.15 to 15.20
MFA: 7.20 to 7.07
BPSG: 6.50 to 6.33
WLP: 54 to 50.70
http://www.midnighttrader.com
Excellent..look at FEED when you get a chance..
love my CNO !!
MidnightTrader's Pre-Market News Movers 07/29 08:25 AM
08:25 AM Eastern Daylight Time, 07/29/2009 (MidnightTrader) -- Some of the stocks moving on news-driven events in today's pre-market include:
YHOO, -6.8%
S, -5.2%
MSFT, +0.7%
CTIC, +7%
ELRN, +37%
HGSI, -1.5%
INO, +185%
MFA, -3.3%
CNO, +26%
BPSG, -4%
MT, -6%
CGEN, +10.5%
TSL, -2.3%
WLP, -5.3%
WDC, -1.2%
JNY, +9.4%
SLAB, +0.5%
TASR, flat
LIFE, +8%
WCG, +21%
THQI, -6.5%
http://www.midnighttrader.com
PREVIEW-Drybulk earnings to be mostly in line with expectations
Mon Jul 27, 2009 7:42pm EDT
* What: Drybulk shipping companies' earnings
* When: Starting this week * Earnings to be mostly in line with expectations
By Hezron Selvi
BANGALORE, July 27 (Reuters) - Most drybulk shippers are expected to report second-quarter earnings in line with Wall Street expectations, as a high degree of locked-in long-term contracts prevent them from taking advantage of the recent spike in charter rates.
Drybulk shipping companies -- hit by the crash in charter rates for their ships due to the slump in demand for commodities such as iron ore and coal -- have been looking at increasing the long-term contract coverage for their shipping fleet and reduce the spot market exposure.
However, charter rates have been rebounding from their lows.
This earnings season will be kicked off with Genco Shipping & Trading Ltd (GNK.N: Quote, Profile, Research, Stock Buzz) reporting its second-quarter results on July 29.
"I think the quarter was pretty strong. The volume of iron ore into China was pretty much at a record high and that had a real impact on cape vessels. In the second half of the quarter, rates really started to rise significantly," analyst Natasha Boyden of Cantor Fitzgerald said. Boyden noted that the significant amount of port congestion also added to keeping rates high.
"Capesize rates, in particular, were nearly double the first quarter levels," Boyden wrote in a note to clients.
Capesize vessels are the largest type of ships that are used to transport commodities such as iron ore and coal.
Dayrates for capesize ships averaged about $40,000 a day for the second quarter, compared with the first quarter average of about $20,000.
However, while day rates have gone up, drybulk shippers' exposure to the spot market has shrunk.
"If you looked at the beginning of April, the average contract coverage for the year was 70 percent. Right now for the full year 2009, these guys have on average across the industry 77 percent contract coverage " analyst Scott Burk of Oppenheimer said over the phone. Excel Maritime (EXM.N: Quote, Profile, Research, Stock Buzz) and Dryships (DRYS.O: Quote, Profile, Research, Stock Buzz) will be the most likely to beat estimates as they have the highest exposure to the spot market.
Burk noted that 35 percent of Excel Maritime's fleet is exposed to the spot market, followed by Dryships (DRYS.O: Quote, Profile, Research, Stock Buzz), which has a 32 percent spot exposure. The least likely to beat estimates will be Diana Shipping Inc (DSX.N: Quote, Profile, Research, Stock Buzz). The company has the lowest spot exposure among its peers with 95 percent of its fleet under contract coverage, Burk noted.
BETTER Q3?
While second-quarter earnings are expected to be strong, third-quarter profits are expected to be better than second quarter.
"I think third quarter will probably end up being on average better than second quarter for the drybulk guys," FBR Capital Markets analyst Rob MacKenzie said.
MacKenzie expects cape rates to average about $50,000 in the third quarter -- higher than the $40,000 averaged in the second quarter.
However, rates are expected to trend down after that.
"Rates will continue to fall because there is just way too much supply of ships in the market and coming -- for the demand there is for bulk cargoes. We are seeing port congestion lighten up in Australia and so on, and that is going to put more downward pressure on cape rates," MacKenzie said.
Oppenheimer's Burk agrees that there is good potential that the third-quarter is going to be stronger.
However, its not going to be a huge increase because most of these guys have their rates already essentially locked in, he added.
Burk said that, for the industry as a whole, he is looking to get indications of the sustainability of iron ore imports into China and also if high day rates have caused the order book to solidify. (Editing by Jarshad Kakkrakandy)
News Highlights: Top Equities Stories Of The Day 07/28 09:03 AM
TOP STORIES
VIACOM PROFIT FALLS ON AD WOES, NETWORKS WEAKNESS
Media company's 2Q profit drops 32% to $277 million, or 46c a share, on weakness in its media networks and filmed-entertainment businesses and continued advertising woes. Revenue falls 14% to $3.3 billion.
US STOCK FUTURES POINT SLIGHTLY LOWER
Tone is slightly softer for U.S. stock futures as the fixation on earnings reports eases a bit with investors turning their attention to looming Treasury note sales, and reports later Tuesday on home prices and consumer confidence.
IBM AGREES TO BUY SPSS FOR $50/SHR IN $1.2B DEAL
IBM agrees to acquire the statistical software developer for $50 a share in cash, or about $1.2 billion, further expanding Big Blue's information-on-demand software portfolio and business analytics capabilities. SPSS shares soar 40% premarket.
GE SAYS GE CAPITAL WON'T NEED OUTSIDE FUNDING
General Electric (GE:$12.32,00$0.29,002.41%) says its GE Capital finance unit won't need an influx of outside cash, even under 'adverse' economic conditions, and says various stress test scenarios indicate 2010 losses in the unit would be similar to 2009.
MCGRAW-HILL PROFIT DOWN 23%
Amid higher restructuring charges and continued weakness, the company posts income of $164.1 million, or 52c a share, down from $212.3 million a year earlier. The results include restructuring charges and a loss on a divestiture.
TEVA PROFIT SLIPS 2% ON CHARGES
Generic-drug giant 2Q profit falls to $521 million, or 58c on write-downs and merger-related charges from its buy of Barr Pharmaceuticals.
OFFICE DEPOT LOSS WIDENS ON LOWER SALES, CHARGE
Office Depot reports 2Q loss $82.1 million, or 31c as sales drop 22% to $2.82 billion, with North American same-store sales down 18%. Office Depot closed five stores, opened three and relocated one during the quarter.
INTERPUBLIC PROFIT DOWN 71%
The advertising giant reports earnings of $27.8 million, or 4c a share, down from $95.1 million, a year earlier. Revenue misses analyst expectations, sliding 20% to $1.47 billion, down 15% domestically and 26% abroad.
TEXTRON SWINGS TO LOSS; NAMES NEW EXECS
Textron posts a surprise profit excluding restructuring charges. Company posts a loss of $58 million, or 22c a share, compared with year-earlier income of $258 million. Excluding restructuring, earnings from continuing operations were 8c a share.
VALERO SWINGS TO LOSS ON MARGIN PRESSURE
Refiner posts a 2Q loss $254 million, or 48c a share, as a strategy to process heavier grades of crude oil backfires amid falling sales volume and prices. Revenue slides 51% to $17.9 billion. Shares fall 4% early.
FRESH DEL MONTE PROFIT UP 25%
Fruit-and-vegetables producer 2Q net rises to $52.2 million, or 82c on strong revenue of bananas and other fresh fruits, in part because of higher prices, as the company's profit widely beat expectations. Shares up 3% early.
SPRINT TO ACQUIRE VIRGIN MOBILE
Sprint Nextel says it will acquire Virgin Mobile in a deal that values the company at $483 million as Sprint seeks to boost its prepaid segment. The deal values Virgin Mobile at $5.50 a share, a 31% premium to Monday's closing price.
BOFA PLANS TO CUT 10% OF BRANCHES
Bank of America CEO Kenneth Lewis tells investors that he is planning to shrink the company's 6,100-branch network by about 10%, a pullback from the two- decade expansion that took the bank from coast to coast.
CRUDE FLAT AS EQUITIES RALLY SLOWS, US DATA EYED
Crude oil futures are broadly flat as a slowdown in the recent rally in equities stirred doubts over the likelihood of further crude gains. Crude trades near recent highs before being pulled back on lower European equities.
CHAIN STORE SALES RISE 1% IN WEEK
ICSC/Goldman Sachs Retail Chain Store Sales Index rises 1% in the week ended Saturday from its level a week before, while on a year-on-year basis the index declines 0.5%.
US EFFORT TO MODIFY MORTGAGES FALTERS
An Obama administration effort to reduce home foreclosures by lowering the mortgage payments of struggling borrowers before they fall behind is failing to help as many people as expected.
PEPSIAMERICAS PROFIT FALLS 33% ON CHARGES
With results that exceed Wall Street's views, PepsiAmericas reports profit of $61.4 million, or 50c a share, down from $90.8 million a year earlier. The latest period includes 24c in charges. The company raises its 2009 earnings outlook.
MAGNA REPORTEDLY UPS FINAL OFFER FOR OPEL
Austrian-Canadian auto supplier Magna has changed its final offer for General Motors'sAdam Opel and is now willing to provide initially more capital than previously planned, a government official tells Dow Jones.
DEUTSCHE BANK 2Q INCOME SOARS 68%, LOAN PROVISIONS UP
Deutsche Bank posts a better-than-forecast rise in net profit, boosted by its investment banking operations, but the deteriorating economy forces it to sharply increase provisions for bad loans and its asset quality remains worrisome.
EMDEON'S IPO TO RAISE MUCH LESS THAN PLANNED
Emdeon estimates at least 21.5 million Class A shares will be sold between $ 13.50 and $15.50 each, much less than the $465 million projected when the health-care payment facilitator made its initial plans in September.
CALIF EXPANDED DRILLING PLAN DELAYED BUT NOT DEAD
Proposal by Plains Exploration & Production to expand drilling off California's coast, then shut down the rigs after several years, appear down, but not out, after a recent setback.
US MORTGAGE SERVICERS TO DEFEND RECORD
Executives from 25 mortgage servicers are set to defend their record helping strapped borrowers at a meeting with top administration officials to discuss how to improve their performance under the Obama administration's $75 billion foreclosure-prevention effort.
CHINA PRESSES US ON DEBT
Visiting Chinese economic leaders press their U.S. hosts on the ballooning deficit and the dollar, but agree that it was too soon to start unwinding stimulus measures.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
MARK TO MARKET
Home Sales Were Nothing To Write Home About
The professionals had the last word, as they always do, says Jim Murphy. Yesterday a day when the Dow Jones Industrial Average closed a mere 15 points higher, new U.S. home sales for June were reported to have jumped by 11.0%.
MORNING BRIEFING US Stocks Seen A Bit Lower In Thin Trade
U.S. equity futures indicate a slightly lower open in thin trade with the main focus on earnings before the opening bell. In the media sector, Time Warner paid $283 million to repurchase Google's 5% stake in AOL.
============ U.S. MARKETS ACTION ===========
DJIA 9108.51 from Monday
NASDAQ 1967.89 from Monday
S&P 500 982.18 from Monday
10-year T-note 95 11/32 at 3.695 yield up .080
NYMEX Crude down $0.48 at $67.90/bbl
Euro/Dollar up 0.0001 at 1.432X
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=TzBGocpxgZcFR8EgCx2TEg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
07-28-090903ET
Copyright (c) 2009 Dow Jones & Company, Inc.
MidnightTrader's Pre-Market News Movers 07/28 08:21 AM
08:21 AM Eastern Daylight Time, 07/28/2009 (MidnightTrader) -- Some of the stocks moving on news-driven events in today's pre-market include:
ARIA, +32%
USU, -42%
SPSS (SPSS:$35.09,00$-0.01,00-0.03%) , +40%
UIS, +7.5%
ACI, -2%
PCX, +9.5%
ODP, -16%
THC, +10%
VICL, +11%
VM, +21%
AMGN, +3%
AVII, +7%
AMFI, +26%
COH, -7%
VLO, -2.5%
UA, +6%
SVU, +2%
http://www.midnighttrader.com
"The trick here is to let failures, and their possibility , stand free of government intervention. If we don't, we'll not only give the federal government a greater role in finance, but we'll rob the financial world of the knowledge necessary to solve future crises that for now are unknown."........cont.
http://www.cbonds.info/all/eng/news/index.phtml/params/id/439224
Rasmussen Reports Daily Prediction Challenge
Monday, July 27, 2009
The daily Rasmussen Reports Prediction Challenge for Monday focuses on Federal Reserve Chairman Ben Bernanke.
On July 27-28, 2009, Rasmussen Reports will be asking adults nationwide the following question: Bernanke’s four-year term as Fed chairman expires in January. Should President Obama reappoint him or name someone new to the post?
Now, we’d like you to predict what percentage of voters will say the president should appoint someone new to the post. To make a prediction, click HERE.
A new Prediction Challenge is issued each weekday at 4:00 p.m. Eastern.
By returning to this page, you’ll see the new challenge question along with answers to earlier challenges. We report the average of all predictions and also rate each prediction you make. Accurate predictions over a period of time will earn you a better rating as a Predictor.
There are currently other Prediction opportunities.
•You can predict where President Obama’s Approval Index rating will be on September 30, 2009. Currently, as of Monday, his actual rating is -10 and the average prediction for September is -4.67 (Predict, Review Current Data).
•You can also predict where the Rasmussen Consumer Index will stand on the last day in September. Currently, this daily measure of consumer confidence is at 69.2. Our predictors so far are expecting confidence will crash to record lows by September 30--the average prediction is 47.0. The Consumer Index has never fallen below 51.0 (Predict, Review Current Data).
Results are in for challenges issued last week. We asked you to predict what percentage of voters think most police officers are racist. The average prediction was 24%, but the actual result was 15% (see survey results). Birdman67 won this challenge with the correct answer of 15%.
We also asked you to predict what percentage of adults say they or someone they know have chosen not to buy a General Motors or Chrysler vehicle because of the government bailouts. The average prediction was 51%, but the actual result was 19% (see survey results). doorman won this challenge with the correct answer of 19%.
You can test your wits on other challenges by visiting the Rasmussen Prediction Center. Most of our Prediction challenges call upon people to predict poll results. Occasionally, other topics are included as well. You can currently predict whether Tim Geithner will still be Treasury Secretary at the end of 2009 and what the summer's top movie blockbuster will be. You can also now predict the winners for the 2009 Emmy Awards.
We invite you to check out the accuracy of earlier projections and the winners of earlier challengers. Want a free daily e-mail update from Rasmussen Reports? Sign up now. If it's in the news, it's in our polls. Rasmussen Reports updates also available on Twitter.
http://www.rasmussenreports.com/public_content/rasmussen_prediction_center/rasmussen_daily_prediction_challenge/rasmussen_reports_daily_prediction_challenge
Looks like our F is doing OK..
Ford Favorables Hold Steady, GM, Chrysler Down
Monday, July 27, 2009 Email to a Friend ShareThis.Advertisement
Most Americans still have a much higher opinion of the one Big Three automaker who didn’t ask for a government bailout, while views of the two companies that did get bailed out continue to go down.
A new Rasmussen Reports national telephone survey finds that 66% of Americans now have at a somewhat favorable opinion of Ford, including 22% whose view is very favorable. Ford is seen unfavorably by 26%, with six percent (6%) very unfavorable. These numbers are largely unchanged from May.
By contrast, General Motors is viewed favorably by 38%, down six points from May, and unfavorably by 56%, up eight points from the previous survey. The “nays” feel more strongly now, too: Twenty-one percent (21%) have a very unfavorable opinion of GM, compared to nine percent (9%) whose view is very favorable.
For Chrysler, the news is similar. Thirty-four percent (34%) have a somewhat favorable view, down six from May, while 55% see the company unfavorably, up three points. Those with a strongly unfavorable view outnumber those who are strongly favorable by more than three-to-one – 23% to seven percent (7%).
These views may be translating into consumer buying habits, too, with 46% of Americans now saying they are more likely to buy a car from Ford because it did not seek a government bailout. Only 17% say they are more likely to buy a GM car now that the company has emerged from bankruptcy with government help, but 22% say they are less likely to do so.
(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter.
The May survey actually marked a rebound of sorts for GM and Chrysler. The new favorables and unfavorables are more in line with the findings in March and reflect the downward trend evident since the two automakers first began seeking bailout help.
But Americans also now consider the automobile industry more important to the overall U.S. economy than they have in recent surveys.
Eighty-two percent (82%) say the domestic auto industry is at least somewhat important to the economy. For 40%, it’s very important, up eight points from late March and the highest finding this year.
Of course, in March 2007, 49% said the auto industry was very important to the overall economy.
Just 12% now say the automobile industry is not important to the economy, with three percent (3%) who view it as not at all important.
Generally speaking, Democrats have been more supportive of the auto bailouts than Republicans or adults not affiliated with either political party. So it’s not surprising that the same partisan divide is evident in the favorables. While all three groups like Ford more, Democrats have a higher opinion of GM and Chrysler than Republicans and unaffiliateds.
Men are more enthusiastic about Ford than women, while both feel largely the same about the other two automakers.
Investors by more than a two-to-one margin have a more favorable opinion of Ford than of GM and Chrysler.
Looking back, 60% of voters believe the auto bailouts were a bad idea.
Just 33% of Americans think it is even somewhat likely that the federal government will ever get back the $50 billion in bailout funds it has advanced to General Motors to keep the company in business.
Eighty percent (80%) of voters want the government to sell its stake in General Motors and Chrysler as soon as possible.
Twenty-eight percent (28%) of Americans say it’s at least somewhat likely that they will be personally impacted by the closing of GM and Chrysler dealerships across the country as part of their reorganization plans.
Please sign up for the Rasmussen Reports daily e-mail update (it’s free) or follow us on Twitter. Let us keep you up to date with the latest public opinion news.
http://www.rasmussenreports.com/public_content/business/auto_industry/july_2009/ford_favorables_hold_steady_gm_chrysler_down
EZ this guy is really a stock twit..
This guy is something else..thought it would be interesting,,
CDC Corp up 10.03% to $3.51 07/27 09:32 AM
CHINA
CDC Corp rose 10.03% to $3.51 at 9:32 AM ET on July 27, 2009.
China Precision Steel Inc up 10.29% to $3.00 07/27 09:39 AM
China Precision Steel Inc (CPSL:$3.01,00$0.29,0010.66%) rose 10.29% to $3.00 at 9:39 AM ET on July 27, 2009.
CVM...in pre market at .4357 but a buy just went through of..663,567 at .40
Have You Seen Your Profits? Plus, Q&A …
by Larry Edelson on July 27, 2009
http://www.uncommonwisdomdaily.com/have-you-seen-your-profits-plus-qa/
Western Potash Corp. Intersects over Twenty Five Metres of Potash Mineralization in Fourth Well 12.5 km South of First Mineralized Well
Jul. 23, 2009 (Baystreet.ca) --
POT looks like it will gap up at the open...
VANCOUVER -- Western Potash Corp. (the "Company") (TSX.V: WPX, FSE: AHE) is pleased to announce that the fourth well on the Milestone property has intersected strong potash mineralization over a thicker package of potash members in a combined mineralized width of over 25 meters. These results further indicate that the extent of the mineralized potash beds spans at least 12.5 km south from the first well, Milestone-001, reported previously. The Company's wholly-owned Milestone property, comprising 500 square km in area, is located approximately 30 km southeast of Regina, and is southeast of Mosaic's Belle Plaine Mine, one of the largest producing potash solution mines in the world.
Coring of the Milestone - 004 well intersected the Prairie Evaporite Formation at a vertical depth of 1,707.5 m. Visual geological evaluation of the core in conjunction with down-hole gamma ray logs indicate strong potash grades, very low carnallite content, and very promising minimum formation temperatures of 61deg C within the two upper members, with some carnallite present in the Esterhazy member. The magnitude of the gamma ray log from this well suggests that higher potash grades exist within the Patience Lake and Belle Plaine members as compared to previous results. The following table details the thicknesses of the potash mineralized intercepts, indicating strong potash tenor in the down-hole gamma ray logs:
Member From (m) To (m) Thickness (m) Patience Lake 1716.6 1730.3 13.7 Belle Plaine 1732.5 1737.9 5.4 Esterhazy 1756.5 1762.5 6.0
The well presently reported is located approximately 12.5 km and 7.5 km to the southeast of wells 001 and 002 respectively, which were reported previously. All drill intercepts noted in this release are considered the true thickness of the mineralization; as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences.
The Company is pleased to see the presence, thicknesses and indicated grade of the potash beds in this fourth well, when considered in conjunction with the results reported for the first three wells. The Company feels that the thicknesses and grades obtained by geochemical sampling and down-hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine and that it has now demonstrated regional continuity of all three potash members, spanning a strike length of over 12.5km, between the first and fourth wells.
Minimum temperature readings of 61deg C were recorded from this well, indicating favorable conditions for an envisioned solution mining and recovery process. These results combined with temperature readings from the previous wells, ranging between 61deg C to 65.5deg C, have confirmed the presence of the heat anomaly that attracted the Company to this project area.
The Company re-iterates that it considers formation temperature a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs. In other words, a mine with higher temperatures will be more efficient as the solubility of potash increases with temperature such that the higher the formation temperature, the higher the yield of potassium chloride in the brine solution to be processed for potash recovery. A solution mine, accessing a higher formation temperature resource, will produce more potassium chloride in solution than an operation tapping an equivalent resource at lower formation temperatures.
The samples extracted from the three potash members will now be submitted for analysis at the SRC laboratory in Saskatoon. Results are expected to be obtained within 4 to 6 weeks.
Expanding Program:
After a review of the encouraging results from the first phase of drilling on the Milestone property, the board of Western Potash has approved an increase in the current exploration budget in order to expand the drill program and subsequently begin an initial resource calculation. The aim of the extended exploration program will be to further define the grade, and size of the potash deposit on the property. The next phase of exploration will include an additional 4 well drill program and additional 2D and 3D seismic surveys. The budget for this work is estimated at $8.5 million CAD. It is expected that the completion of this 2nd phase will allow the Company to commission an independent 43-101 resource estimate on the Milestone property. Drilling on the Milestone property will recommence as soon as all the permits are in place which is expected prior to the end of August.
About Western Potash:
Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.
The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release.
For more information on Western Potash Corp.'s projects, please visit the Company's website at: www.westernpotash.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"J. Patricio Varas" J. Patricio Varas President and CEO
This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that results indicate the span of the potash mineralization is over 12.5 km; that the mineralized sections indicate strong potash grades with low carnallite and promising formation temperatures of 61deg C; that results suggest that higher potash grades exist within the Patience Lake and Belle Plaine members as compared to previous results; that the thicknesses and grades obtained by geochemical sampling and down-hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine; ; that formation temperature will be a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs; that testing of potash mineralization on the Milestone property will continue; that the Company has approved an increase in the exploration budget and will spend an additional $8.5 million CAD on drilling and seismic surveys; that the Company expects to be well positioned to prepare an NI 43-101 compliant resource calculation on the Milestone property after the completion of the 2nd drilling phase, and that results of lab tests are expected within 4 to 6 weeks. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access to the property and data, market conditions, misinterpretation of data, mineral prices, our ability to finance, success and/or failure of the exploration and development carried out at various stages of the our work programs, and the fact that there may not be an economic or commercial resource on any properties in which we invest. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. It is not our policy to update forward looking information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Western Potash Corp.
Western Potash Corp. Brett Allan, 604-689-9378 brett@westernpotash.com www.westernpotash.com
http://app.quotemedia.com/quotetools/newsItem.htm?webmasterId=91004&storyId=23954770&topic=POT
Quantum to Hold Fiscal 2009 Annual Meeting of Stockholders on August 19
QTM... .97
SAN JOSE, CA -- (Marketwire) -- 07/23/09 -- Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced that it will provide telephonic access to its fiscal 2009 Annual Meeting of Stockholders for investors who cannot attend in person. The annual meeting is scheduled for Wednesday, Aug. 19, 2009, at 8:00 a.m. PDT, at the company's headquarters at 1650 Technology Drive, San Jose, Calif.
Quantum will provide live, listen-only telephonic access to the meeting and the question and answer session. To dial in to the meeting, investors should dial (800) 299-0148, and enter the passcode 13168742 when prompted. Individuals accessing the meeting telephonically will not be able to vote, ask questions or otherwise participate in the meeting. A viewer-controlled copy of management's slide presentation will be available on the Investor Events section of the company's Web site at the following link: http://nocache-phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=69905&eventID=2237624.
About Quantum
Quantum Corp. (NYSE: QTM) is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the Dxi™-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
http://app.quotemedia.com/quotetools/newsItem.htm?webmasterId=91004&storyId=23963898&topic=QTM
Glad to see you Merci..please stop by here anytime..you are always welcome..:^)
FTEK oh my word very nice alert! wtg
hi ya gang hope everyone is doing well.
British Open...Thursday 6:30 AM.
get your picks in....FREE PRIZES...
http://investorshub.advfn.com/boards/board.aspx?board_id=2442
i been heaaring the same things...
Saw this post on another site ----- any thoughts?
============================================================
Thoughts on this blog post I read comparing the 1929 crash to our current market behavior? Should I be concerned about the pullback continuing?
Here are the highlights so you don't have to click over to it:
1. All of the informed economists are predicting a deeper crash.
2. Market technicals reveal the current rally is over.
3. The forms match the Great Depression.
4. Government spending has bankrupted the apathetic American people.
5. The Federal Reserve has created a no-win trap that is ensuring a market collapse while setting the stage for a hyper-inflation never before seen in America. (this included a pretty sobering transcript of a speech made by Ben Bernanke in 2002)
Additionally, there was a pretty interesting video comparing the 1929 market behavior to todays.
The evidence is compelling, I'm just having a hard time fathoming another significant drop down to 3,000 or below.
http://cli.gs/TszLQS
Been slow, but I'm patient, esp with low floaters
filled w shorters!
HOD so far $17.57
Thanks Gym..is on watch now
Watch FTEK !
Fuel Tech to Host China Workshop on Energy Efficiency Improvement and NOx Emissions Control Technologies for Fossil Power 07/07 07:00 AM
WARRENVILLE, Ill.--(BUSINESS WIRE)-- Fuel Tech, Inc. (FTEK:$8.40,00$0.16,001.94%) , a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced that it has organized and is hosting the Fossil Powers Energy Efficiency Improvement and NOx Emissions Control Technologies Workshop on July 9 in Guangzhou, the capital city of Guangdong Province on the southern coast of China. The goal of the workshop is to help educate potential clients on systems to alleviate ever-worsening air quality issues in the South China and Hong Kong region, while helping the power sector utilize fossil combustion and generate fossil power at higher efficiency.
Sponsoring the conference is China Energy Conservation Investment Corporation, Guangdong Association of Environmental Protection Industry, the U.S. Commercial Service of American Consulate General Guangzhou and the U.S. Commercial Service of American Consulate General Hong Kong. Co-sponsoring the event are the State of Illinois-Far East Bureau and ITOCHU Corporation, while the workshops main supporter is China Electricity Council. Over 200 participants are expected to attend, mainly from South China and Hong Kong, and include power plant managers and engineers, utility owner executives, senior personnel of environmental engineering firms, and government officials.
At this all-day event, Fuel Tech (FTEK:$8.40,00$0.16,001.94%) representatives will discuss the energy efficiency benefits of TIFI Targeted In-Furnace Injection technology as well as the nitrogen oxide (NOx) reduction capabilities associated with the Companys broad spectrum of NOx control technologies, including combustion modification, Hybrid Selective Non-Catalytic Reduction (SNCR) and Selective Catalytic Reduction (SCR) technologies, Rich Reagent Injection technology, and urea-to-ammonia conversion ULTRA systems, and the various combinations thereof.
Presenting technical papers from Fuel Tech (FTEK:$8.40,00$0.16,001.94%) will be: Dr. M. Linda Lin, Senior Vice President, China/Pacific Rim; Volker Rummenhohl, Vice President, Catalyst Technologies; Dr. John Cheng and George Hermanes, Senior Process Engineers; Dr. Mingming Fang, Chemical Manager; Li Ma, Senior Engineering Manager for TIFI and Combustion Products; and LiMin Zhu, Chief Engineer. The conference will also feature several keynote speakers, including officials discussing new air pollution control (APC) regulations in Guangdong, as well as representatives from coal-fired utilities that have installed Fuel Techs APC equipment.
John F. Norris Jr., President and Chief Executive Officer, commented, The need for ongoing information exchange in the areas of energy efficiency and air pollution control is evident by the keen interest of participants and sponsors associated with this workshop. The conference is particularly timely as new NOx reduction regulations go into effect August 1, 2009 in Guangdong Province, which is sure to make this region a hotbed of sales activity. Moreover, the capital city of Guangzhou will be the site of the 2010 Asian Games, which commence November 11, 2010.
To help ensure needed improvements in air quality, Guangzhou is requiring installation of pollution control equipment by September 30, 2010, designed to achieve NOx reduction ranging from 40% to 80%, respectively, for small- to large-sized units. Such efforts to reduce air pollution will not be unlike those associated with the 2008 Summer Olympics in Beijing.
Mr. Norris concluded,
With our broad suite of low capital cost technologies, we believe Fuel Tech (FTEK:$8.40,00$0.16,001.94%) has the right mix of products to meet the energy efficiency and air pollution control needs of a wide range of coal-fired power plants in China. In particular, the Companys unique ability to combine technologies on a project-specific basis, ranging from low NOx burners and overfire air to highly NOx reducing hybrid systems, affords us a strong competitive position in bidding on power plant units as small as 50 megawatts to as large as 1,000 megawatts. By enabling Fuel Tech (FTEK:$8.40,00$0.16,001.94%) to showcase its technologies, we believe this workshop will facilitate our sales efforts in the burgeoning Guangdong market.
About Fuel Tech (FTEK:$8.40,00$0.16,001.94%)
Fuel Tech (FTEK:$8.40,00$0.16,001.94%) is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.
The Companys nitrogen oxide (NOx) reduction technologies include advanced combustion modification techniques - such as low NOx burners and overfire air systems - and post-combustion NOx control approaches, including NOxOUT® and HERT™ SNCR systems as well as systems that incorporate NOxOUT CASCADE®, ULTRA™, Rich Reagent Injection (RRI) and NOxOUT-SCR® processes. These technologies have established Fuel Tech (FTEK:$8.40,00$0.16,001.94%) as a leader in NOx reduction, with installations on over 550 units worldwide, where coal, fuel oil, natural gas, municipal waste, biomass, and other fuels are utilized.
The Companys FUEL CHEM® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), carbon dioxide and NOx. This technology, in the form of a customizable FUEL CHEM program, is being applied to over 85 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste. A breakdown of the nature of these customer units is posted on the Companys website.
Fuel Tech (FTEK:$8.40,00$0.16,001.94%) also provides a range of combustion optimization services, including airflow testing, coal flow testing and boiler tuning, as well as services to help optimize selective catalytic reduction system performance, including catalyst management services and ammonia injection grid tuning. In addition, flow corrective devices and physical and computational modeling services are available to optimize flue gas distribution and mixing in both power plant and industrial applications.
Many of Fuel Techs products and services rely heavily on the Companys exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. These capabilities, coupled with the Companys innovative technologies and multi-disciplined team approach, enable Fuel Tech (FTEK:$8.40,00$0.16,001.94%) to provide practical solutions to some of our customers’ most challenging problems. For more information, visit Fuel Techs web site at www.ftek.com.
This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially.Please refer to documents that Fuel Tech (FTEK:$8.40,00$0.16,001.94%) files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.
Source: Fuel Tech, Inc. (FTEK:$8.40,00$0.16,001.94%)
Matachewan First Nation Signs Impact and Benefits Agreement with Northgate Minerals Corporation
Press Release
Source: Northgate Minerals Corporation
On Thursday July 2, 2009, 4:39 pm EDT
VANCOUVER, July 2 /CNW/ - Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) and the Matachewan First Nation are pleased to announce that the parties have signed an Impact and Benefits Agreement ("IBA") for the Young-Davidson project located in Matachewan, Ontario. The IBA establishes a framework for the permitting and development of a mine on the Young-Davidson property and sets out a variety of co-operative initiatives between the Matachewan First Nation and Northgate relating to employment, training and other business opportunities in connection with the project. The IBA follows on the Memorandum of Understanding, which was signed in March 2008.
A formal signing ceremony on the Matachewan First Nation Reserve will take place later this month to commemorate the continuation of the historic relationship between Northgate and the Matachewan First Nation that is based upon trust and mutual respect.
The Young-Davidson property is located in the Abitibi greenstone belt of northern Ontario, 60 kilometres west of Kirkland Lake. The property has hosted two past producing mines, both with track records of successful mining during the mid-20th century. Since its acquisition of the property in late 2005, Northgate has invested $55 million in surface diamond drilling and underground development, which has increased the total measured and indicated gold resources on the property to 3.3 million ounces as at December 31, 2008. Pre-feasibility work, which began earlier this year, is now largely complete and Northgate will announce the results of this work later this month followed by a revised NI 43-101 Technical Report filed on SEDAR in August.
Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. The company is forecasting record gold production of over 390,000 ounces in 2009 and is targeting growth through further acquisition opportunities in stable mining jurisdictions around the world. Northgate is listed on the TSX under the symbol NGX and on the NYSE Amex under the symbol NXG.
Forward-Looking Statements:
This Northgate press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation, concerning Northgate's future financial or operating performance and other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "budget", "scheduled", "estimates", "forecasts", "intends", "plans" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would" or "might" "be taken", "occur" or "be achieved". Forward-looking information is based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Northgate operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Northgate cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Northgate's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to gold and copper price volatility; fluctuations in foreign exchange rates and interest rates; the impact of any hedging activities; discrepancies between actual and estimated production, between actual and estimated reserves and resources or between actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the costs and timing of construction and development of new deposits; and the success of exploration and permitting activities. In addition, the factors described or referred to in the section entitled "Risk Factors" in Northgate's Annual Information Form for the year ended December 31, 2008 or under the heading "Risks and Uncertainties" in Northgate's 2008 Annual Report, both of which are available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this press release. Although Northgate has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and Northgate disclaims any intention or obligation to update or revise such information, except as required by applicable law.
For further information
Ms. Keren R. Yun, Director, Investor Relations, Tel: (416) 363-1701 ext. 233, Email: ngx@northgateminerals.com, Website: www.northgateminerals.com
was in process of pulling it up..be right there..<g>
WaHOOOOOOO!
Just what I needed today, after some NOT so good news
Will explain in chat later
Willa..just when you get a chance if you wouldn't mind posting charts on these??.TIA...good luck on your trip today..
Stem Cell-Related Stocks Charging Higher in Pre-Bell, Buoyed by Geron's License Deal with GE Healthcare 06/30 07:39 AM
07:39 AM Eastern Daylight Time, 06/30/2009 (MidnightTrader) -- Stocks of companies engaged in stem cell-related research are posting hefty gains on increasing pre-market volume after Geron (GERN:$6.69,00$-0.26,00-3.74%) announced a license deal with GE Healthcare.
Among the issues moving higher are:
GERN, +31%
ASTM, +22%
STEM, +34%
GE Healthcare, a unit of General Electric Company (GE:$11.76,00$0.01,000.09%) , and Geron (GERN:$6.69,00$-0.26,00-3.74%) announced this morning they have entered into a global exclusive license and alliance agreement to develop and commercialize cellular assay products derived from human embryonic stem cells (hESCs) for use in drug discovery, development and toxicity screening. The program will use stem cells derived from hESC lines listed on the NIH Human Pluripotent Stem Cell Registry. Financial terms were not disclosed.
Price: 8.75, Change: +2.06, Percent Change: +30.8
http://www.midnighttrader.com
Novartis in Talks to Buy Parts of Elan - Elan Trading Higher in Early Pre-Market, Between 7.45 and 7.83 06/29 07:11 AM
07:11 AM Eastern Daylight Time, 06/29/2009 (MidnightTrader) -- Elan (ELN) is holding a higher range through the early pre-market following a Sunday Times report that Novartis is in talks to buy parts of Elan, including its multiple sclerosis products and its Alzheimer's pipeline.
Price: 7.74, Change: +0.38, Percent Change: +5.1
http://www.midnighttrader.com
Hey Merci..
glad you could make it..please don't be a stranger and feel free to post your charts and stocks...we look forward to tyour visits..:^)
Hoagie
hi gym.. ;) TGIF...
hi guys.. hpe all is going well.. just dropping in for a second to say hello
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