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SLGLF, 57 million market cap with only 7,000 in Sales? Yhea RIGHT! It's not worth the paper it's written on.
Just don't call me Shirley. LOL
BTW, whats up Mark?? Still watching the mail for that catalog.
Who is Mark? and why was he reading catalogs.
Returned the ipaq?? I guess it just proves it's overpriced for what you get. I told a friend about the Toshiba 1.7 Notebook, I bought from Best Buy for 499.99. He and I went today and obviously they were sold out but, he bought the 2 week old Display model for $100.00. WOW, I was really surprised.
Houston crowded as ever.
Who said I was short. BTW your mouth needs to washed.
you said... you overnight shorts are going to get butt f***ed like you never been before
LQMT 60% short, 5 million share float. Forbes article out says short from 9.00 to 2.00. They buy supply from one company and then sell it back and them buy it again. HuH??
Someone is thinking real hard on how the move this market up. I am sure the plans are in the works. After the sell off in the morning.... I am going long.
Social Security is Doomed it this goes thru. Can you imagine if benefits go south of the border.
http://www.washingtonpost.com/wp-dyn/articles/A9342-2002Dec18.html
U.S. Social Security May Reach To Mexico
By Jonathan Weisman
Washington Post Staff Writer
Thursday, December 19, 2002; Page A01
Pushed by the Mexican government, the Bush administration is working on a Social Security accord that would put tens of thousands of Mexicans onto the Social Security roster and send hundreds of millions of dollars in benefits south of the border.
White House and Mexican government officials say discussions on an agreement to align the Social Security systems of the two countries are informal and preliminary. But excerpts from an internal Social Security Administration memo obtained this month say the agreement "is expected to move forward at an accelerated pace," with the support of both governments, and could be in force by next October.
The pact would be the latest, but by far the largest, of a series of treaties designed to ensure that people from one country working in another aren't taxed by both nations' social security systems. In its first year, the agreement is projected to trigger 37,000 new claims from Mexicans who worked in the United States legally and paid Social Security taxes but have been unable to claim their checks, according to a memo prepared by Ted Girdner, the Social Security Administration's assistant associate commissioner for international operations.
Extrapolating from U.S. and Mexican government statistics, the accord could cost $720 million a year within five years of implementation. One independent estimate put the total at $1 billion a year -- a large sum, but a trifle compared with the $372 billion in Social Security benefits currently being paid to 46.4 million recipients.
Mexican President Vicente Fox has been pushing President Bush to sign a Social Security agreement with Mexico as something of a consolation prize to make up for Bush's failure to pursue promised immigration reforms, according to Latino lobbyists close to the Fox administration. Mexican officials began pressing the White House hard at meetings that preceded the Asia-Pacific Economic Cooperation forum in Los Cabos, Mexico, in October.
"When the legalization talks began going nowhere, the Mexicans began focusing on this," said Maria Blanco, national senior counsel for the Mexican American Legal Defense and Educational Fund. "They really bore in at Los Cabos."
Arturo Sarukhan, a top official in Mexico's foreign ministry, said that after Mexico's failure to win a comprehensive package of immigration reforms from Bush, it is lobbying in Washington for important incremental steps. "How do you eat an elephant? One bite at a time," he said.
The Social Security agreement, he said, is one of those less-sexy things that Mexico has been pushing to deepen its relationship with the United States and improve the day-to-day lives of Mexicans.
Just yesterday, Fox underscored the political pressure he is under domestically to secure concessions from the United States when he journeyed to the border city of Nuevo Laredo to call for an "urgent" immigration accord to end discrimination against Mexican workers north of the border.
Concern is rising on Capitol Hill -- and even among some White House economic aides -- that any agreement on Social Security could add a new burden to the benefits system, just as the baby-boom generation is preparing to retire. House Ways and Means Committee staff members are meeting today with Social Security officials to hash out projected costs for such an agreement.
"We are concerned about the sheer magnitude of the agreement," said a House Republican aide who is an expert on Social Security. About 94,000 beneficiaries living abroad have been brought into the system by the 20 existing international agreements. A Mexican agreement alone could bring in 162,000 in the first five years.
White House spokeswoman Claire Buchan said the issue is being explored only at a "technical level" at this point, and the administration has not yet decided to move forward with formal negotiations. "A totalization agreement with Mexico would have significant implications," she said.
Miguel Monterrubio, a spokesman for the Mexican Embassy, said several meetings have taken place between the Social Security Administration and its Mexican counterpart since November 2001, but he, too, called them informal.
The Social Security memo indicates that work may be further along than both governments are saying. According to the memo, "the application workloads generated by an agreement with Mexico will be much larger than those resulting from any of the 20 existing agreements" with other countries.
In addition to the flurry of new claims, an additional 13,000 Mexicans entitled to benefits but cut off by provisions in recent immigration laws could also begin receiving their checks. In a 1996 immigration reform law, Congress decreed that foreigners not legally residing in the United States could no longer claim benefits, unless their home countries were subject to a treaty. Those beneficiaries alone were owed nearly $50 million in 1998, according to a Mexican government document.
CSCO got some life.
Yesterday when MMM hit 120.00 something triggered. The buying came in heavy. Today it's still holding 120.00. Lets see if 120.00 holds this time.
That is why the market is holding at this level. I am going to wait for selloff in the morning and go long.
Just like clock work. When JPM goes down hard someone comes in and runs it up into close.
Are you sure your not Bald Man from Mars. LOL
Notice how GG got downgraded today. Just when gold hit the highs. Someone is playing games.
The volume on ORCL is remarkable 90 million. It's stabilizing.
to you I will be nice. :)
JPM is killing this market.
When you show up IN CAPS...it's time to go long. hehehe
We are consolidating here. But plenty of selling and the street is supporting.
Market wants to go down (all the studies says so) BUT buying keeps it stable. The street is supporting it right here.
More like a Bar Fly. LOL
Analyst11 just can't get along. He/She has to keep getting new names. Don't let the door hit you in the @ss on the way out.
The ORCL dance did not last long. ROMLMAO.
OK Here is the Reason Gold is up.
http://www.asianewsnet.net/template.php?No=9149&logo_name=Business
Gold rush starts in Beijing
[China Daily]
BEIJING: Gold bullion became available to Chinese individuals as an investment option for the first time since 1949 as the small gold bars began selling in Beijing yesterday.
The first batch of gold bullion went on sale to individuals in the capital city's China Art and Crafts Plaza, Guiyou Plaza's Jianguomen and Fangzhuang outlets, as well as Caishikou Department Store.
The bullion was processed by Zhongjin Gold Co Ltd, China's largest gold processor, and Zhaojin Gold and Silver Refinery Co Ltd.
"In addition to the pure bullion, Caishikou also sell the gold bars with sheep patterns, which are a little more expensive because of their decoration," Wang Chunli, general manager with the Caishikou Department Store, told China Daily.
The gold bullion was divided into 11 categories, ranging from 10 grams to 1.25 kilograms, with the purity g of all reaching 99.99 per cent.
Sources from the Zhongjin Gold Co say the price of gold bullion will fluctuate with the Shanghai Gold Exchange (SGE).
The price of the bullion is decided by the cost of the raw material plus a processing fee of 2 yuan (24 US cents) to 3 yuan (36 US cents) per gram, with yesterday's bullion price at 92 yuan (US$11.08) per gram.
"However, the retailing price cannot be as sensitive as SGE's and the store will not change the price too frequently," said Wang.
An official of Zhongjin Gold Co Ltd, who chose not to give his name, told China Daily that Zhongjin just provided processing services to the gold retailers, who have registered as members of SGE and got approvals to buy raw gold in the market.
But the specification of the gold bars should be in line with Zhongjin's standards and the Zhongjin brand must be stamped on the bullions, to suit the international market and guarantee quality.
"The buyers can sell back their gold bullions to Zhongjin and the retailers to get cash at market price deducting agio (commission)," said the official.
Xu Shouxin, deputy secretary-general of the China Gold Association, told China Daily the bullion sold on the market now was not "investment" gold in the strict sense.
"SGE has not launched a business buying back individual gold and the processing fee is still charged for the gold bullion," Xu said.
Xu believed it is just a transition period. And when the market fully deregulates, the commercial banks are expected to become another channel for gold transactions among individuals.
No matter what insiders say, experts and individual investors regard yesterday's sales as a milestone for China in providing another investment avenue for the public.
"The opening of the individual gold investment business will significantly boost gold demand in China, taking into account the huge savings deposits of 1.3 billion people," said Liu Shan'en, an expert with the Beijing Gold Economics Research Centre.
Currently, the deposits stand at around 8 trillion yuan (US$966.5 billion), official statistics showed.
"Gold demand in the country will double soon from the current level of around 200 tons a year as a result of the opening of the business," said Liu.
Last year, gold consumption reached 213.2 tons, the fourth-highest level in the world.
In China Art and Crafts Plaza, ordinary Chinese people crowded to buy the small gold bars, while the pure 10-gram ones were hot sellers.
But some cautious investors did not pay much attention to the gold bullion yesterday.
Fan Xinyi, who strolled at the Caishoukou Department Store yesterday and has invested in five-year stocks, told China Daily that she was considering buying gold as another investment because there were too many uncertainties on the domestic stock market.
"However, I will not buy today, you see, the gold price in SGE has exceeded 90 yuan (US$10.84) per gram yesterday. Compared with normal, the price is relatively high, hence the investing cost has increased now," Fan said.
Publication Date: 2002-12-19
Damn MMM does not want to move up. If it can the market is primed. And if MMM continues this path it's time to change gears and convert short.
The bounce is coming. I am positioned for scalps. With Stop loss across the board.
Getting another limit serving of XLNX 20.70 and have stop loss at 20.60.
I am accumalating XLNX right here. 20.86 LONG.
No OMG for me. I had enough of that one. Headache to trade.
If market rallys XLNX looks to move up.
Going long the market for scalp.
I just Booked Marked Zeev. I am number 745.
Mike_m, as soon as you think that the market Rallys. It's a strange world.
I believe you will get that bounce before Friday. The entry point is the key.
I read that some where yestersday too. I never believed it.
1360 did not hold. Still only holding Gold stocks.
100 pt broke on Dow... Need to wait for 5 min bars.