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he's a little doll...lol
3 Years Old Howard Wong Drum Show
acls...
100k but at the close
http://ih.advfn.com/p.php?pid=trades&symbol=N%5eACLS&cb=1273526978
i sold a few test shares...it was gone in minutes
"crossed above open 60.71 gap closure"
it's about time !
lmao !
= ?
you better believe it ! lol
Stock Market Timing - Published Monday, May 10, 2010, 7:00am EST
http://www.theuptrend.com/Stock-Market-Timing-20100510.htm
acls...
$1.88 x $2,000.00
dxd...2.14
Stock futures surge on central bank actions
Stock futures surge on global effort to ease European debt worries; Dow futures up nearly 400
Buzz up! 0 Print..Stephen Bernard, AP Business Writer, On Monday May 10, 2010, 6:12 am
NEW YORK (AP) -- Stock futures are surging after European leaders have agreed to a nearly $1 trillion plan to avoid a major debt crisis and the U.S. Federal Reserve will also provide loans.
The 16 countries that use the euro and the International Monetary Fund have agreed to create a rescue fund to support European nations burdened by heavy debt. Investors have been worried that Greek debt problems would spread throughout Europe.
The U.S. Fed is shipping dollars to European central banks that can then loan out money in their home countries.
Dow Jones industrial average futures are up 383, or 3.7 percent, at 10,718. Standard & Poor's 500 index futures are up 49.10, or 4.4 percent, at 1,156.10, while Nasdaq 100 index futures are up 80.50, or 4.4 percent, at 1,929.00.
dxd...
1.83 in the red..yeah ! hope it stays red
acls...
$1.88 x 0.00
EU creates $1 trillion package to save euro
EU sets up $1 trillion eurozone/IMF defense package to protect euro from disintegration
Buzz up! 0 Print..Topics:InternationalCurrencies.
French Finance Minister Christine Lagarde, right, greets Greek Finance Minister George Papaconstantinou during an emergency meeting of EU finance ministers in Brussels, Sunday, May 9, 2010. EU finance ministers meet in Brussels Sunday to discuss establishing a new "stabilisation mechanism" to prevent the Greek debt crisis from spreading. (AP Photo/Virginia Mayo)
Raf Casert and Elena Becatoros, Associated Press Writers, On Monday May 10, 2010, 6:14 am
BRUSSELS (AP) -- The European Union put up a staggering $1 trillion Monday to contain its spreading government debt crisis and keep it from tearing the euro currency apart and derailing the global economic recovery.
Analysts said the huge sum supplied the "shock and awe" markets had been waiting for for weeks, at least in the short term, and the euro soared on the news.
European leaders negotiated into the early hours of Monday before reaching a deal in which governments that use the euro would join the EU and International Monetary Fund in putting up euro750 billion in loans available to prop up troubled governments.
The European Central bank will buy government and private debt to keep debt markets working and lower borrowing costs, a crisis measure dubbed the "nuclear option," while the U.S. Federal Reserve joined with other central banks in the effort, reactivating a currency swap program used during the earlier stages of the financial crisis to ship dollars overseas to be pumped into banking systems as short-term credit.
Officials acted after ominous slides in world stocks and the euro last week that raised fears that the debt crisis would spread from heavily indebted Greece to other financially weak countries such as Spain and Portugal and beyond, to the point where President Barack Obama discussed the crisis by phone with German Chancellor Angela Merkel and French President Nicholas Sarkozy last week.
Policy makers worried it could shake the world economy the way the bankruptcy of U.S. investment bank Lehman Brothers did in 2008, making banks fearful of lending to businesses, hammering stocks and killing off economic recovery.
Many investors, rattled for weeks by the prospect Greece would default on its mountain of debt, showed relief. The euro climbed as high as $1.3064, up from the 14-month low of $1.2523 it hit late last week.
Japan's Nikkei 225 stock average rose 1.5 percent and Hong Kong's Hang Seng index added 1.3 percent. European markets jumped higher -- major indexes were up more than 3 percent -- and Wall Street was also expected to surge on the open, with Dow futures also 3.0 percent higher.
There was cautious endorsement from analysts who still feared the measures may not be enough to save the common currency, which was adopted by many of the EU's member states in 1999.
"It buys time. We don't know if it will be enough. They're trying to give the impression that they're still united. They've bought some breathing space but that's all," said Song Seng Wun, an economist with CIMB-GK Research in Singapore. "This perhaps just postpones the inevitable, the euro may have to ultimately give way, that's the worst case scenario."
Marco Annunziata, chief economist of Unicredit bank, said the package was one of "overwhelming force and should be more than sufficient to stabilize markets in the near term, prevent panic and contain the risk of contagion."
"This is shock and awe, Part II and in 3-D," he said.
Under the three-year plan, the European Commission -- the EU's governing body -- will make euro60 billion ($75 billion) available while countries from the 16-nation eurozone would promise backing for euro440 billion ($570 billion). The IMF would contribute an additional sum of at least half of the EU's total contribution, or euro250 billion.
"We shall defend the euro whatever it takes," EU Commissioner Olli Rehn said after an 11 hour-meeting of EU finance ministers that capped a hectic week of chaotic sparring between panicked governments and aggressive markets.
Officials hope the massive sums will deter currency speculators from betting on a euro collapse after political posturing and soothing words failed to convince investors that Greece's financial implosion could be contained.
Markets had battered the euro and Greek government bonds even as EU leaders insisted for days that Greece's problems were a unique combination of bad management, free spending and statistical cheating that doesn't apply to other euro-zone nations.
Market jitters also partly contributed to a nearly 1,000-point drop in the Dow Jones industrials last Thursday. The Securities and Exchange Commission is meeting with heads of exchanges Monday to discuss how conflicting trading rules may have exacerbated the historic stock market plunge.
In the end, even longtime skeptic Germany realized Europe had to show the money after financial attacks on Greece's debt seemed poised to spread to other weak European nations such as Portugal and Spain. Fear of default led to investors demanding high interest rates that Greece could not pay, forcing it to seek a bailout. Many feared market skepticism would make Portugal and Spain pay more and more to borrow, worsening their plight.
Spain and Portugal have committed to "take significant additional consolidation measures in 2010 and 2011," a statement from EU finance ministers said. The two countries will present them to EU finance ministers at their meeting on May 18.
"We are facing such exceptional circumstances today and the mechanism will stay in place as long as needed to safeguard financial stability," the ministers said.
German Chancellor Angela Merkel said her government would approve the rescue plan on Tuesday before parliament gave it "quick but thorough" consideration.
Separately, eurozone leaders on Saturday gave final approval for a euro80 billion ($100 billion) rescue package of loans to Greece for the next three years to stave off default. The IMF also approved its part of the rescue package -- euro30 billion ($40 billion) of loans -- on Sunday.
The Fed's move to back the euro defense plan reopens a program put in place during the 2008 global financial crisis under which dollars are shipped overseas through foreign central banks. In turn, these central banks can lend the dollars out to banks in their home countries that are in need of dollar funding in so-called swap agreements.
The Fed said action is being taken "in response to the reemergence of strains in U.S. dollar short-term funding markets in Europe" and to "prevent the spread of strains to other markets and financial centers." A "swap" line with the Bank of Canada provides up to $30 billion. Figures weren't provided for the other central banks involved. They include the Bank of England, the European Central Bank, the Swiss National Bank, and the Bank of Japan.
AP Business Writers Emma Vandore in Brussels and Jeannine Aversa in Washington, and Associated Press writers Elaine Ganley in Paris, Matt Moore in Frankfurt, Alex Kennedy in Singapore and Daniel Wagner in Washington contributed to this report
Asia Higher on EU Crisis Deal for Europe
Published: Sunday, 9 May 2010 | 9:15 PM ET Text Size By: CNBC with WiresDiggBuzz FacebookTwitter More Share
Asian stock markets were higher in early trade on Monday, on news European Union agreed on a 500 billion-euro ($670 billion) emergency fund to protect highly indebted eurozone countries from the "wolfpack" of financial markets.
Japan's stocks gained 0.9 percent, also buoyed by a technical rebound after falling over 6 percent last week.
Shares of Toray climbed 5.2 percent to 543 yen after the Japanese textile maker said it has signed a 15-year contract with Airbus to supply carbon fibre materials for the European firm's aircraft.
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The benchmark Nikkei [JP;N225 10496.72 132.1299 (+1.27%) ] rose 102.53 points to 10,467.63 by midmorning, while the broader Topix gained 0.6 percent to 937.45.
Machinery maker Komatsu rose 1.8 percent to 1,793 yen and shipper Kawasaki Kisen rose 2.8 percent to 372 yen. Hitachi Construction rose 1 percent to 1,924 yen.
Bridgestone advanced 4.9 percent to 1,637 yen after Japan's largest maker of tyres raised its operating profit forecast for the six months to June by 61 percent to 50 billion yen ($546 million) on the back of brisk sales.
Seoul shares opened were up 0.9 percent, with rises led by key tech issues such as LG Electronics.
The Korea Composite Stock Price Index (KOSPI) was up 0.62 percent at 1,657.78 points.
In Australia, the benchmark S&P/ASX 200 index [AU;XJO 4563.5 82.79 (+1.85%) ] was up 1.2 percent at 4,535.50 points. The benchmark index suffered its biggest weekly drop last week since November 2008, when the global financial crisis was at its peak, on worries about Greece's debt crisis spreading and the impact of a hefty new mining tax in Australia.
Latest Asian Business Headlines
EU ministers agree on euro defense package
EU economic ministers agree on package to defend euro
Buzz up! 0 Print..Topics:International.
French Finance Minister Christine Lagarde, right, greets Greek Finance Minister George Papaconstantinou during an emergency meeting of EU finance ministers in Brussels, Sunday, May 9, 2010. EU finance ministers meet in Brussels Sunday to discuss establishing a new "stabilisation mechanism" to prevent the Greek debt crisis from spreading. (AP Photo/Virginia Mayo)
Raf Casert and Elena Becatoros, Associated Press Writer, On Sunday May 9, 2010, 9:11 pm
BRUSSELS (AP) -- European Union finance ministers agreed Monday on a euro750 billion EU and International Monetary Fund safety net for troubled eurozone countries, hoping it will keep markets from targeting the weaker members of the 16 countries that use the embattled euro.
Under the three-year aid plan, the EU Commission will make euro60 billion ($75 billion) available while countries from the 16-nation eurozone would promise bilateral backing for euro440 billion ($570 billion). The IMF would contribute an additional sum of at least half of the EU's total contribution, or euro250 billion, Spanish Finance Minister Elena Salgado said.
The EU's monetary affairs commissioner, Olli Rehn, said the agreement "proves that we shall defend the euro whatever it takes."
The agreement was reached after marathon 11-hour talks in an emergency finance ministers' meeting hastily convened Sunday amid concerns that the financial crisis sparked by Greece's runaway debt problems had begun to spread to other financially troubled eurozone countries such as Portugal and Spain.
"We are facing such exceptional circumstances today and the mechanism and the mechanism will stay in place as long as needed to safeguard financial stability," the ministers said in a statement.
Spain and Portugal, which have begun to see the same signs of trouble that Greece had three months, have committed to "take significant additional consolidation measures in 2010 and 2011," the statement said, and the two countries will present them to the EU's finance ministers at their meeting on May 18.
hooray ! lol
i'm holdin' ya to it...
does this mean there will be a huge swing?
Posted by: mtcinc0 Date: Saturday, May 08, 2010 10:57:32 AM
In reply to: mtcinc0 who wrote msg# 83694 Post # of 86409
re DXD bullish falling wedge (pattern) breakout target was hit
now looking for a channel breakout and/or a retrace back down
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49935390&txt2find=dxd
President Barack Obama continued pressing European leaders to craft a solution robust enough to stabilize markets after volatility last week that rivaled market swings during the peak of the 2008 financial crisis. Obama called German Chancellor Angela Merkel and French president Nicolas Sarkozy on Sunday to discuss the importance of European Union nations "taking resolute steps to build confidence in the markets," said White House press secretary Robert Gibbs.
http://finance.yahoo.com/news/IMF-board-approves-nearly-40-apf-568034154.html?x=0&sec=topStories&pos=main&asset=&ccode=
the source is good...dxd has been all over the place (counters the dow)
http://finance.yahoo.com/q?s=dxd
manipulation at it's best..
that was my point !
EUROPE NEWS
FEBRUARY 27, 2010
http://online.wsj.com/article/SB10001424052748704089904575093232431641628.html
IMF board approves nearly $40 billion Greece loan
IMF board votes to approve nearly $40B Greece bailout, part of $140 billion rescue package
Buzz up! 2 Print..Topics:International.Daniel Wagner, AP Business Writer, On Sunday May 9, 2010, 2:16 pm EDT
WASHINGTON (AP) -- The board of the International Monetary Fund has approved its part of a $140 billion bailout package for Greece.
The board met in Washington Sunday to approve a three-year, nearly $40 billion (euro30 billion) loan for the troubled European nation. Greece has enacted broad cutbacks on government spending as a condition of the rescue, sparking riots and social unrest.
Eurozone leaders on Saturday approved a $100 billion package of loans to Greece for the next three years to keep it from imploding. The bailouts are an effort to stabilize global markets rocked last week by fears of a spreading European debt crisis.
European leaders also are meeting Sunday to hash out the terms of a proposed broader rescue. They want to have a plan in place before Asian markets open for the week.
Analysts fear the debt crisis could expand to other western European countries and hobble the global economic recovery.
President Barack Obama is keeping up pressure on European leaders to craft a solution robust enough to stabilize markets after volatility last week that rivaled swings during the peak of the 2008 financial crisis.
Obama called German Chancellor Angela Merkel and French president Nicolas Sarkozy on Sunday to discuss the importance of European Union nations "taking resolute steps to build confidence in the markets," said White House press secretary Robert Gibbs.
Stock Market Timing - Published Saturday, May 8, 2010, 12:54pm EST
http://www.theuptrend.com/Stock-Market-Timing-20100508.htm
let's hope it goes down soon !
my thoughts exactly...a rich boys game
Dear Friends,
The solution is the problem. To quote Bill Carleton's album, Squeeze the People, "Main Street is in the hands of a Roulette Wheel." He is so correct.
The name of the "Roulette Wheel" is Credit Default Swaps. It does not matter what the G-7 or the G-20 does. It does not matter what the IMF, ECB and Fed under a beard do. Mrs. Merkel's foolish political strategy fits right into the equation.
CDS are going to take down every major currency, making trillions for the players. It will in time turn on the USA as it is already operating against the financially weaker Illinois and New York debt.
The dollar, as it gains ground due to the mirror image of the euro, becomes weaker and weaker due to overvaluation with no fundamental legs. The dollar's time will come.
The OTC derivative credit default swap is about to clean the clock of the world. Der Spiegel is right but the debt is there. It will not go away but only grow bigger. The situation is in the cross hairs of the richest people on the planet hell bent on getting richer. That is the message of the Dow dropping 1000 points regardless of how it happened.
Nothing the G-7 or G-20 does will stop the predetermined avalanche in the world of fiat currency. Armstrong is right in that when it comes time for the great coming apart it will be akin to the Big Bang.
You are either ready now, or there will be no chance of readiness. Right now ready means gold and gold equivalents. The last currencies to be attacked will be the Cando and the Swiss Franc.
It is all over. The fat lady has sung.
Respectfully,
Jim
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=172794
The economy is so bad that:
I got a pre-declined credit card in the mail.
I ordered a burger at McDonald's and the kid behind the counter asked, "Can you afford fries with that?"
CEO's are now playing miniature golf.
If the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.
Hot Wheels and Matchbox stocks are trading higher than GM.
McDonald's is selling the 1/4 ouncer.
Parents in Beverly Hills fired their nannies and learned their children's names.
A truckload of Americans was caught sneaking into Mexico .
Dick Cheney took his stockbroker hunting.
Motel Six won't leave the light on anymore.
The Mafia is laying off judges.
Exxon-Mobil laid off 25 Congressmen.
Congress says they are looking into this Bernard Madoff scandal. Oh Great!! The guy who made $50 Billion disappear is being investigated by the people who made $1.5 Trillion disappear!
And, finally...
I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Lifeline. I got a call center in Pakistan , and when I told them I was suicidal, they got all excited, and asked if I could drive a truck.
that'll be extra..lol
lmao..yes !
hell yes you can ! i'll even give you a made in china toaster for opening an account
i'm opening a bank...please make all deposits here
too bad we can't play the $VIX...
Rentech Announces Results for Second Quarter of Fiscal 2010
Company Reiterates Fiscal 2010 Financial Guidance
Buzz up! 0 Print..Companies:Rentech, Inc.Topics:Earnings.Related Quotes
Symbol Price Change
RTK 1.26 0.00
{"s" : "rtk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Rentech, Inc. On Friday May 7, 2010, 9:30 am
LOS ANGELES--(BUSINESS WIRE)--Rentech, Inc. (NYSE AMEX: RTK) today announced results for the second quarter of fiscal year 2010, ended March 31, 2010, and reiterated previously provided financial guidance for the 2010 fiscal year.
For the second quarter of fiscal year 2010, Rentech reported revenue of $19.2 million, compared to $16.8 million for the comparable quarter in the prior year. The increase reflects higher ammonia sales volume due to favorable weather conditions in March 2010. The Company believes that fundamental factors should positively impact revenue during the fiscal year at the nitrogen fertilizer facility owned by the Company’s subsidiary, Rentech Energy Midwest Corporation (REMC). The facility is favorably located within the Corn Belt region and should benefit from factors, including strong forecasts for corn acreage and the pending changes to the EPA’s Renewable Fuels Standard, which will increase the volume of renewable fuels, such as corn ethanol, required to be blended into transportation fuel.
The Company continues to project that REMC’s operating income for fiscal year 2010 will be well in excess of $20 million and REMC’s EBITDA for the fiscal year will be well in excess of $30 million, based on the fact that a sizeable portion of REMC’s planned deliveries for the year have already been sold at fixed prices and the strengthening demand for fertilizer products. EBITDA is a non-GAAP financial measure. Further explanation of this non-GAAP financial measure and a reconciliation of REMC’s projected EBITDA to operating income for fiscal year 2010 have been included below in this press release.
Based on current market conditions, the Company believes that REMC’s liquidity needs for fiscal year 2010 can be met from its cash on hand, plus the cash forecasted to be generated by REMC’s operations. The Company projects that Rentech’s fiscal year 2010 non-REMC liquidity needs for operation of Rentech’s Product Demonstration Unit (PDU), other research & development activities, corporate administration, and pre-front-end engineering and design development activities for Rentech’s projects can be met from cash on hand.
Operating income for REMC was $2.4 million for the second quarter of fiscal year 2010, compared to an operating loss of $12.4 million in the comparable period last year. The increase was primarily due to higher ammonia sales volume margin and lower natural gas prices, partially offset by lower sales prices.
Selling, general and administrative (SG&A) expenses for the Company were $6.8 million for the second quarter of fiscal year 2010, compared to $6.7 million in the comparable period last year. Research and development (R&D) expenses for the Company for the second quarter of fiscal year 2010 were $4.5 million, up from $3.9 million in the comparable period last year. The Company operated the PDU for more days in the current period, which led to higher R&D expenses.
Rentech reported a net loss of $16.0 million, or $0.07 per share, which included $0.01 per share of expenses related to the loss on debt extinguishment for repaying the Company’s old credit agreement. This compares to a net loss of $25.4 million, or $0.15 per share, for the comparable period in fiscal year 2009.
Rentech reported revenue of $46.3 million for the six months ended March 31, 2010, compared to $67.6 million for the comparable period in the prior year. Prior year results reflected product prices that were at historical highs. SG&A expenses were $13.8 million for the first six months of fiscal year 2010, up from $12.7 million for the comparable period in the prior year. The increase was primarily due to increases in consulting and non-cash compensation expenses. R&D expenses for the current period were $8.3 million, down from $9.4 million for the comparable period in the prior year.
As of March 31, 2010, Rentech had cash and cash equivalents of $70.4 million on a consolidated basis.
Commenting on the second quarter results for fiscal year 2010, D. Hunt Ramsbottom, President and CEO of Rentech, stated, “We are pleased that favorable weather conditions have contributed to a strong fiscal second quarter and a more normalized spring season as compared to the prior year.” Mr. Ramsbottom explained, “We are confident in our projection that REMC will have a relatively strong fiscal year. We believe the plant’s trade zone and its management team’s proven ability to execute positions REMC to benefit from strong long-term market fundamentals.”
Mr. Ramsbottom added, “We continue to experience momentum in our project development, licensing and customer activities in our alternative energy business. Our Rialto and Natchez Projects, our two most advanced synthetic fuels projects, are entering permitting. In addition, we are seeing considerable customer demand for the clean synthetic fuels and power our technologies can produce, evidenced as recently as last week when our synthetic jet fuel powered the first U.S. commercial flight on certified alternative fuels.” Mr. Ramsbottom continued, “This flight grew out of the relationships with the U.S. airline industry that we developed while negotiating agreements for the sale of fuels to be produced at our Rialto and Natchez Projects.”
Conference Call with Management
The Company will hold its fiscal 2010 second quarter conference call on Friday, May 7, 2010 at 10:00 a.m. PDT, during which time Rentech's senior management will review the Company's financial results for this period and provide an update on corporate developments. Callers may listen to the live presentation, which will be followed by a question and answer segment, by dialing 800-954-0587 or 212-231-2900. An audio webcast of the call will be available at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rentechinc.com&esheet=6282054&lan=en_US&anchor=www.rentechinc.com&index=1&md5=b39db75821a73fa443866c6ce1d5178a within the Investor Relations portion of the site under the Presentations section. A replay will be available by audio webcast and teleconference from 12:00 p.m. PDT on May 7 through 12:00 p.m. PDT on May 14. The replay teleconference will be available by dialing 800-633-8284 or 402-977-9140 and the reservation number 21465988
dxd is green for the moment...