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Just formed a monopoly. Lots of upside.
Big pop coming on Friday.
PRESS RELEASE---February13, 2012---The Murphy Law Firm today announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Carbo Ceramics, Inc. (“Carbo Ceramics”) (NYSE:CRR) common stock during the period between October 27, 2011 and January 26, 2012, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”).
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from February 9, 2012. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact attorney Bruce Murphy at 772-231-4202 or email bgm@brucemurphy.biz. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The complaint charges Carbo Ceramics and certain of its officers and directors with violations of the Exchange Act. The Company manufactures and supplies ceramic proppants primarily used in the hydraulic fracturing of natural gas and oil wells in the United States and internationally.
The complaint alleges that, throughout the Class Period, defendants issued materially false and misleading statement regarding the Company’s business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (a) that the Company was experiencing a dramatic decline in proppant sales in the Haynesville region; (b) that the Company was being negatively impacted by logistical problems such that it was not able to shift resources to liquid plays where drilling activity was increasing; and (c) that, based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its operations and earnings during the Class Period.
On January 26, 2012, Carbo Ceramics issued a press release announcing its financial results for the fourth quarter and fiscal year 2011, the periods ending December 31, 2011. That same day, the Company held a conference call with securities analysts for investors wherein it was revealed that the Company had seen a 70% decline in proppant sales in the Haynesville region and that it had been unable to shift resources to various liquid plays due to logistical issues. In response to the Company’s announcements, the price of Carbo Ceramics common stock declined from $130.72 per share to $103.76 on heavy trading volume.
Bruce G. Murphy, Esq.
Law Offices of Bruce G. Murphy
Telephone: (772) 231-4202
bgm@brucemurphy.biz
thanks
I bought this at $14.29 last week. Stansberry is rumored to be having a conference call about Canyon for their Phase 1 newsletter on May 19.
Earnings Just Released:
The market was looking for $ .42 per share.....this is $ .48!!
$20 here we come!
Net earnings for the period increased to a record of $30.1 million in Q1 2011, compared to $12.0 million in Q1 2010.
Average consolidated revenue per job increased by 115% to $134,980 in Q1 2011, from $62,934 in Q1 2010.
Experts who have talked about Canyon Services Group
TOP PICK 13.880 Jason Donville Play the energy sector through the services companies. The valuations are always shifting. Right now this one is at the top in his screening list. Thinks Q1 numbers are going to be spectacular. 2 or 3 factors are going to drive this industry for years to come. This is where the best returns in the energy space will be. 2011-04-26
TOP PICK 13.440 John Stephenson Fracking company, pressure pumper. Rapidly expanding. Winning all kinds of contracts and trading at a discount. 2011-04-20
TOP PICK 11.190 Jason Donville Well stimulation technology. His favourite in oil field services. More important to own the space rather than which name but this one is close to the top for him. Putting up terrific numbers and stock is relatively inexpensive. 2010-12-06
BUY 6.390 Peter Imhof Fracing company out West. Have done a great job in growing earnings. Recent quarter blew away all analysts estimates. 2010-09-23
TOP PICK 5.520 Don Lato Oil services. Although drilling is still on the slow side in the Western Canadian basin, they are involved in fracturing where demand is still up over last year. Grown tremendously since its IPO of about 4 years ago. Looking at earnings of $.70 plus this year. 2010-09-08
Now, Elan is raising the price of Tysabri by 7%.
Hopefully, it's a fake bounce and going down to $32 by next week. I want a present.
gpl also used lebed to pump their stock
Can't wait for silver to correct so I can swoop in and make another $15,000 or so on GPL.
I can't believe anyone is still thinking about investing in this stock anymore. There are so many other choices. Has the concept of "opportunity cost" been forgotten?
Anytime I hear, "He's a Buddhist," or "He's a Mormon," a red flag goes up. No offense to religious believers.
Silver at $36 will put it 50% over the 200 dma. Watch out ladies. I'm getting while the getting is good. GLTA!!
That'll put us 50% over the 200 dma. Watch out ladies.
getting a brown shower today
I have contacted Shapiro Law for the purpose of joining the class action lawsuit against Muddy Waters and Citron and am waiting for a reply.
I checked my bank statement. Here was my actual loss (USD -2,786.46):
07 Mar 2011 SALE 373.00 China MediaExpress Holdings
USD0.001 Com Stock USD 12.81 USD 4,703.03 USD -2,786.46
OUCH!!!
Almost forgot about that lawsuit. Thanks for the reminder. I bought on Jan. 18 at $19.93 so I assume they'll include me. I was so happy when the stock immediately went to $23.97.
Luckily, the metals have been good to me this year and last. Moving the remainder of my CCME money into Pretium Resources. Massive gold deposit and top-notch management. One-year target price: $33.85. Let's see how fast I can get that $2600 back.
Sold all 373 shares for a loss of $2,200. Back in when it hits single digits.
I was offered the picks for $100. You can join a group over at Stock Gumshoe to get the NIA picks.
In since Nov. '10 (@1.72). Thank you Stock Gumshoe!!!!
This chart indicates when junior resource stocks will fall. It compares the SPX (Standard and Poor) and CDNX (canadian juniors). A correction may be on the way.
http://awurl.com/wrKFUVHCV#first_awesome_highlight
I appreciate it. I had no idea.
I sure hope so. I bought at $19.93. And what of this:
http://www.sequenceinc.com/fraudfiles/2011/02/23/update-on-fraud-allegations-at-china-mediaexpress-holdings/
Has anybody commented on this update yet?
Garibaldi is the only junior using this technology:
http://inflation.us/ggimorelosvselsauzal.jpg
I'm no expert, but I assume this really lowers the cost of production.
COS.UN has lower debt and lower P/E than Suncor. Get in now before value investors discover it.
From the Stockhouse message board:
The Producer: Great Panther Silver Limited
http://www.greatpanther.com/s/Home.asp
The 100% owner of Mexico’s historic Guanajuato Mine Complex. This is where I see Silvermex going. Exploration was secondary to production. Management has methodically built a sound mining operation that is only beginning to show profits. Although I categorize the Panther as a producer, the company’s resource remains largely unexplored. A portion of profits are now being funneled into proving NI 43-101 compliant the vast amount of Silver that share holders and the local community already knows are there. Low cash cost with action for continued expansion. This primary Silver producer will one day be a household name.
Keiser says, "They win, bankers lose - it's all very John and Yoko." Could you explain the John and Yoko expression?
I'm looking for info on the "Chi-pad" as well. I believe OIIM is involved. Can anyone confirm?
New Boeing 747 contains 15% titanium. Is that good for TIE? I had thought the percentage would be much higher? About 50% is a composite. Does the composite include titanium?
Oh, I didn't know that, but was that before or after the crisis? This seems like an especially difficult job.
It seems a little unfair to Lena and her company. That was a series of devastating attacks. Even the Economist says you shouldn't respond to negative press, just keep highlighting the positives of your company.
It's Wall Street That Shouldn't Be Trusted
Excerpt from The Gold Report interview of Peter Grandich, who is bullish on China:
TGR: I have heard Jimmy Rogers say in the past that one reason people have had an aversion to Asian markets, and I guess you could say especially China, is that you might not be able to trust the financial statements.
PG: There is no question about that, but after what has happened in the United States, could you trust Wall Street any more than Chinese companies at this point? I mean if anybody is deserving of not being trusted after what's happened in the last few years, it's certainly Wall Street. Just think about it—two years ago we were told that if we didn't bail them out, the whole world was going to collapse, and now they're making record profits and giving away record salaries and bonuses. Something is wrong there. I believe America has been taken, and it was taken by Wall Street.
Great info not only for CCME's execs, but also for life in general.
I heard they estimated production will begin in 2012 at 100,000 ounces of gold per year. I've also heard estimates of 150,000 and even 200,000 ounces. They have three projects: one is fairly costly, but will allow them to finance the other two, bigger, projects. The story at 321Gold, Bob Moriarity, is extremely favorable (Feb. 1, 2011). He calls this a "giant".
CCME is 5.67% of my portfolio. I expect some junior mining companies to shoot the money, but none of them are over 10% of my portfolio.
Hey shorts, do you know you can make more money on CCME by going long? The best you can do with any short sale is 100%. If you go long, you can make that in a week and 200 or 400 percent in a year.
That would a classy way to do things. Rather than get into a war of words, invite the basturds into our lair and force them to eat some crow. If they turn down the invite, it's the same as admitting they are the ones who are frauds. Eventually, we may get an apology from Citron and Muddy Waters.
More from Robert Weinstein's blog (Feb 4):
I was back up and going before 6am today to see how CCME was doing. Hoping for a press release but I guess we will get it Sunday night from what the rumor mill says.
CCME moved up over 25% today and not a big surprise at all.
It was not hard to find holes in the negative “research” articles that came out.
It would be a real shame if CCME did turn out to be cooking the books but so far I have found nothing that would give me more concern than I have for any other company.
Once I start finding twisting of facts and/or words of “research” regardless of the source I get turned off pretty fast.
I believe CCME will top over 4K in gains for me this month.
A trader who was short and is now long CCME.
I can easily download the report. I wonder why others are having trouble.
The report is immediately offensive. Look at the title: CCME: Taking the Short Bus to Profits How juvenile! How anyone could find humor this way is appalling and I feel it discredits them entirely without even reading the report.