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this stock is being intentinaly manipulated down.
That's a new word meaning something that is done deliberately in an intense manner.
OT, FWIW: In the biotech arena, be particularly careful with posts pumping a company's PR about drug trials. The vastly complex data and the technical science behind the drug and the results are rarely understood by the average investor. That leaves a world of opportunity for spin. Sometimes even the market momentarily misunderstands, and that misunderstanding does give the opportunity for a quick-and dangerous-scalp. But sooner or later everyone figures it out.
Quoting PGS on the Biotech Values board:
"It's all about disclosure. Companies don't hide or obfuscate great data. They do, however, dance around mediocre and poor data."
Transdel Pharmaceuticals- THE STUDY FAILED!
The headline and the rest of the PR is all company spin. LOL.
OT:Ex-NFL Players Report Higher Rates Of Dementia
NEW YORK, Sep. 30, 2009
http://www.cbsnews.com/stories/2009/09/30/ap/sportsline/main5354048.shtml
(AP) Retired professional football players may have a higher rate than normal of Alzheimer's disease or other memory problems, suggests a preliminary study that provides more fuel for concerns about long-term risk of concussions.
Experts cautioned that the work was not definitive but noted that it fit in with other studies suggesting a long-term risk from head injuries in sports.
In the new work, 1,063 ex-players were asked if they'd ever been diagnosed with dementia, Alzheimer's disease or other memory-related disease. About 2 percent of the former players ages 30 to 49 said yes. That's 19 times the rate for the same age group in the general population.
For retirees over 50, the rate of about 6 percent was about five times higher.
The study, which has not been published in a peer-reviewed journal, was done for the National Football League by researchers at the University of Michigan.
The results show the topic is worth further study, but they do not prove a link between playing football and later mental troubles, said lead author David Weir.
The study, which covered a variety of health and financial topics, relied on a telephone survey rather than a review of medical records, he noted. The information on memory problems came from a single question taken from earlier population surveys, and its vague wording makes the results hard to interpret, the researchers said. The study was first reported by The New York Times.
"The study was not designed to diagnose or assess dementia," Weir said Wednesday. "The study did not conclude that football causes dementia."
NFL spokesman Greg Aiello agreed and said further study is already under way.
"Memory disorders affect many men and women who never played football or other sports," he wrote in an e-mail. "The survey makes no link between concussions and memory disorders."
But Dr. Anthony Alessi, a neurologist in Norwich, Conn., who co-chairs the sports neurology section of the American Academy of Neurology, said the study provides more evidence of just such a connection.
He said the topic should be studied in sports other than football, and that parents and coaches of young athletes with a head injury should let doctors determine when it's safe to play again.
Dr. Scott A. Small, an expert on Alzheimer's and memory at the Columbia University Medical Center in New York, called the new result "intriguing and alarming," although preliminary.
"This is the way you start," he said. "The most important thing it tells us is that additional studies need to be performed, and I would say, urgently. This is not a trivial matter."
He noted that studies of brain samples from deceased athletes have established a link between repeated concussions and brain changes somewhat like those seen in Alzheimer's. So that makes the suggestion of the new study more plausible, he said.
Another study of retired professional football players, published in 2005, found that a history of three or more concussions was associated with a boost in risk of mild cognitive impairment after age 50. Kevin Guskiewicz, lead author of that study and director of the Center for the Study of Retired Athletes at the University of North Carolina in Chapel Hill, said the findings of the new study didn't surprise him.
In any case, any long-term risk of mental impairment is just part of the game, said Brandon Stokley, a receiver on the Denver Broncos, who has a history of concussions.
"Yeah, you always think about things like that," he said. "But again, I'm a football player and that's what I do, so if it happens to me and something's wrong with me, then so be it. This is the life that I chose and I wouldn't trade it for anything."
SQNM link as requested:
http://www.cariscompany.com/research/companyReports.php?id=615
SQNM bounce play!?
One analyst just cut target to 0.50! Absolutely no bottom in sight, they're screwed, be careful.
I wish we were all getting 1.9 cents a share and a Philly Cheese steak sanswich deliverd to our houses tomorrow for lunch.
Nothing like a good deliverd sanswich.
"SQNM is going to be in the penalty box for quite a while."
They said in their 5:00 pm conference call that some lower-level employees were also terminated.
Throw in the Zamboni driver.
Re: Sequenom -"I want to short."
You and the rest of the known universe. Another stock site I use is having a contest to predict the open price tomorrow; most guesses are under a buck.
OT: From another board-
"...it is a MATHEMATICAL IMPOSSIBILTY that Sirius XM Radio will file for bankruptcy in the next year."
My question is whether the poster is math-challenged, business-challenged, or both?
OT:Dew, which product would you recommend here?
Glad todays over! GOOD RIDDENS!!!
LOL. I think you'd agree with this anecdote from Jason Zweig's book, Your Money & Your Brain, about Charlie Munger, Buffett’s sidekick at Berkshire Hathaway:
A woman was sitting next to him at a dinner party in L.A. She turned to him and said, "You’re Warren Buffett’s partner, and a great investor. Tell me, what is your secret?”
Munger looked up at her. "I’m rational," he said. Then he went back to his dinner.
OT: Wallstarb- I'd guess that some board regulars are choking on their martini olives, but IMHO you're another interesting and valuable POV to consider. Keep it up!
I am totally stunt that SEC halted.
Even dwarfs are shocked.
OT: Zip- Focusing on meaning is certainly the prime necessity in the real world. If someone runs through your building yelling,"Is fire! Is fire!" you're not going to stop and correct their grammar.
However, a fellow named Andrew King wrote a good book in the 80's called Power & Communication; it details how language use affects our status and power. His most famous quote: He who names controls.
My pick for "Rant of the Year", from the GVBP board; I especially love the last line!
"Unfortunatly, we were believing to do something,but all of this board is a subject of discution ,nothing else ,some take them for KING but there only B S ,the faULT is on promotors,those filled there pockets from your money ,THIS IS where everything start ,people are curious and gridy to make the best money available ,and listened those crooker promotors with there e-mail ,they said that this stocks is a best stock ever witch is not TRUE, and grab all of our money in the passage and laught after few days with may be $100,000 for adverttizing , THE BIG SCAM IS THOSE STUPID COMPAny who promote the stocks and make people dreaming !!! this is very ugly to say but THIS IS A JUNGLE , NOW all you have to do is wait to get the same strategie and pocket your money back !! But for that you got a good chance to wait veryyyyyyyyyyyyyyyyyyyyy lounnnnngggggg, very ,very long !!
DONT TRUST THOSE WHO TRY TOP DISTURB YOU IN YOUR CHOICE OF STOCKS!!!! BEWARE OF THE CRIMINAL!!!"
Dew, is it just a coincidence that Leerink Swann was also the underwriter for the August IDIX offering, another of your favorites?
SEC SUSPENDS TRADING IN THE SECURITIES OF GENOVA BIOTHERAPEUTICS INC.
SECURITIES EXCHANGE ACT OF 1934 Release No. 60708 / September 23, 2009
The Securities and Exchange Commission ("Commission") announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading in the securities of Genova Biotherapeutics Inc. ("Genova"), of New York, New York, at 9:30 a.m. on September 23, 2009, and terminating at 11:59 p.m. on October 6, 2009.
The Commission temporarily suspended trading in the securities of Genova because questions have arisen about the stock promotional activity for Genova, and the accuracy and adequacy of publicly available information concerning, among other things, the company's business operations.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 5515777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Genova's securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, Gwen Licardo, Branch Chief, of the New York Regional Office of the Securities and Exchange Commission should be telephoned at 212-336-0126.
http://www.sec.gov/litigation/suspensions/2009/34-60708.pdf
Judge Rejects Approval of Biotech Sugar Beets
http://www.nytimes.com/2009/09/23/business/23beet.html
Andrew Pollack
September 22, 2009
A federal judge has ruled that the government failed to adequately assess the environmental impacts of genetically engineered sugar beets before approving the crop for cultivation in the United States. The decision could lead to a ban on the planting of the beets, which have been widely adopted by farmers.
In a decision issued Monday, Judge Jeffrey S. White of Federal District Court in San Francisco, said that the Agriculture Department should have done an environmental impact statement. He said it should have assessed the consequences from the likely spread of the genetically engineered trait to other sugar beets or to the related crops of Swiss chard and red table beets.
The decision echoes another ruling two years ago by a different judge in the same court involving genetically engineered alfalfa. In that case, the judge later ruled that farmers could no longer plant the genetically modified alfalfa until the Agriculture Department wrote the environmental impact statement. Two years later, there is still no such assessment and the alfalfa, with rare exceptions, is not being grown.
In the new case, Judge White has not yet decided on the remedy. A meeting to begin that phase of the case is scheduled for Oct. 30.
But the plaintiffs in the lawsuit said they would press to ban planting of the biotech beets, arguing that Judge White’s decision effectively revoked their approval and made them illegal to grow outside of field trials.
“We expect the same result here as we got in alfalfa,” said Andrew Kimbrell, executive director of the Center for Food Safety, a Washington advocacy group that was also involved in the alfalfa lawsuit. “It will halt almost any further planting and sale because it’s no longer an approved crop.”
The Center for Food Safety was joined in the suit by the Sierra Club, the Organic Seed Alliance and High Mowing Organic Seeds, a small seed company. The defendant, the Department of Agriculture, said it was reviewing the decision.
Some beet farmers and sugar processors declined to comment Tuesday on the decision, saying they needed more time to analyze it. But they said that the genetically engineered sugar beets had proved immensely popular since first being widely grown in 2008.
The beets contain a bacterial gene licensed by Monsanto that renders them impervious to glyphosate, an herbicide that Monsanto sells as Roundup. That allows the herbicide to kill weeds without harming the crop.
“Growers have embraced this technology,” said Duane Grant, a farmer in Rupert, Idaho, who said industry surveys suggested that 95 percent of the sugar beets planted this year were genetically modified.
Mr. Grant, who is also the chairman of the Snake River Sugar Company, a grower-owned cooperative, said easier weed control allowed farmers to reduce tillage, which in turn saved fuel and fertilizer and reduced erosion.
Mr. Grant, as well as some other growers, sugar processors and seed companies like Monsanto, had sought to intervene in the case. Judge White said that other than filing a friend-of-the-court brief, they could not participate in the phase of the lawsuit examining whether the Agriculture Department fulfilled its obligations under environmental law.
However, those groups are expected be allowed to take part in the next round of the case, involving the remedies. “We’re going to use that opportunity to advocate the need for that technology and vigorously defend our growers’ freedom to plant Roundup Ready sugar beets,” said Luther Markwart, executive vice president for the American Sugarbeet Growers Association.
Beets supply about half the nation’s sugar, with the rest coming from sugar cane. About 10,000 farmers grow about 1.1 million acres of sugar beets, Mr. Markwart said. That makes it a small crop compared to staples like soybeans and corn.
The Agriculture Department did conduct an environmental assessment before approving the genetically engineered beets in 2005 for widespread planting. But the department concluded there would be no significant impact, so a fuller environmental impact statement was not needed.
But Judge White said that the pollen from the genetically engineered crops might spread to non-engineered beets. He said that the “potential elimination of farmer’s choice to grow non-genetically engineered crops, or a consumer’s choice to eat non-genetically engineered food” constituted a significant effect on the environment that necessitated an environmental impact statement.
In March, Judge White had asked the federal government if the Obama administration would take a different stance in the case than the Bush administration had. The new administration said there would be no change.
David Berg, president of American Crystal Sugar Company, the nation’s largest sugar beet processor, said food companies had accepted sugar from the biotech beets. “They’ve been a big nonevent in terms of customer acceptance,” he said.
"There appears to be a lot of collusion in these bump and dump schemes.. And even if I did obtain a very small profit on this one (I was expecting to at least double the take), I still believe these schemes should not be allowed to prosper..."
...Unless you can make more money from them, in which case they'd be OK.
Please look up the meaning of the word "hypocrite."
Re: GVBP.
I've read with interest your exchanges with posters on their board. I've PM'd a couple, just pointing out where they can get the 10-Q and other info, to absolutely no avail.
The peddling of snake oil has a long history; I imagine that there was a Neanderthal somewhere who scooped up a handful of pond scum and thought, "If I say that this cures what ails you, I'll bet I can trade it for something useful."
Most scams, frauds, cons, etc. are wrought on the ignorant; it's their lack of knowledge that makes the trick work. Personal and societal responses have always ranged from "Suckers deserve what they get" and "A fool and his money are soon parted" to "Hang the bastards" (and they were!) and "Let's create a regulatory body to stop such nonsense." We see the argument over this problem everyday on the national political stage.
What's interesting to me about obvious stock scams like GVBP is expressed quite openly by many of the posters who answered you. Ignorance is not what's happening here. They know it's a scam; they know a travel agency has not discovered a cure for cancer; they know that for every dollar made someone will lose a dollar. They simply don't give a crap.
Making money trumps all; truth, ethics, science. "Of course this is a BS stock, but it's up a thousand percent and damned if I'm not going to get mine!" (An actual response I received.)
They don't want to be saved from scams, they want to profit from them.
Re: "Citi to repay tarp."
No. Read more carefully.
The Citi Chairman said that he is confident that they will be able to pay back TARP someday.
Re: "GVBP is trying really hard to pump the stock..."
And from the message boards:
"GVBP looks like its gonna fly today..was some monster news after the bell yesterday."
and
"Wow: GVBP New stem cell identification technology could cure breast cancer!"
and
"GVBP already gapping big. Say goodbye to this one."
What else can one say but:
"You can fool some of the people all the time, and those are the ones you want to concentrate on."
-George W. Bush
Re: Genova-
From some other boards yesterday:
"Ever heard of this one? Not finding much on it, but its up 40% again today, and going"
and
"Just bought some GVBP top gainer on otc board with news"
and
"GVBP .09 ALERT ALERT"
What else can one say other than-
It's morally wrong to allow a sucker to keep his money.
-W. C. Fields
RE:GENova Biotherapeutics listed for trading on the NASD OTCBB -
LOL x 3: This company changed its name in July. Previously it was (and I kid you not) Kinder Travel, Inc., a travel agency in British Columbia.
ALTH: Pure speculation from another site as to tomorrow's PPS-
"I'm thinking low double digits then rise to 12 to 13 by PFUDA date, and if FDA says okay, 15-ish."
OT: Wallstarb- IMHO you are one hell of a stock picker and I've been paying attention to your choices.
However, I suspect that as board mod Dew is allowing you to continue this thread and hysterically laughing as you shove your foot farther and farther down your throat.
Might be better to stick to what you know.
"How about those of us..."
You'd have a thoughtful, logical, reality-based population of informed citizens most of whom emphatically do not want a "hot Alaskan soccer mom" as VP much less President and who voiced that preference through our democratic process, and who don't copy meaningless, overgeneralized garbage from the internet- wrap it in their personal interpretation of religion and the flag- and promote it as The Truth.
Hang in there, you're not alone.
Chart- FWIW: I'm heavily into regional banks and REITS. They're going to lead us out of this mess, and will see the most volatile and profitable leaps forward. Along that line, IMHO your best current pick is AI.
Keep up the great work, I enjoy reading this board!
OT: For every stock on every board on every site all day, after awhile it just got funny:
The next VG.
Will pull a VG.
The next VG play.
Ready for a VG-like move.
Benefit from the VG spillover.
VG-like stock.
VG junkies are piling in.
VG will ignite this.
First VG, then...(fill in the blank)
VG-type accumulation.
VG-type chart.
VG-type momentum.
This one will follow VG.
To the moon on VG mania.
Another VG on our hands.
OT: For every stock on every board on every site all day, after awhile it just got funny:
The next VG.
Will pull a VG.
The next VG play.
Ready for a VG-like move.
Benefit from the VG spillover.
VG-like stock.
VG junkies are piling in.
VG will ignite this.
First VG, then...(fill in the blank)
VG-type accumulation.
VG-type chart.
VG-type momentum.
This one will follow VG.
To the moon on VG mania.
Another VG on our hands.
Youse puts the assending hypotomize of yer triangel confluent to the dessending radium of any proportunate circel and violla- youse got yer brakeout point!
It's just simple math.
OT: As Hamvestor says, the most egregious error is "peaked."
I noticed it but I've given up correcting anyone for anything on any message board; that is now regarded as bad form!
For anyone interested in the phenomenon, read Mark Helprin's new book Digital Barbarism; this wonderful invention the internet is unfortunately hastening the loss of our ability to read, write and speak our mother tongue.
RE: "Not sure we’ve all adjusted to the end of the crash and the revival of the survivors."
Many, many have not. Spoke to a friend yesterday who's a Certified Financial Planner; many of his high-net worth clients who fled the market into cash last March are still hiding, shell-shocked, under the covers. He is trying to convince them that this is the greatest stock sale that they will ever see and that they are losing money, not preserving it, by continuing to sit on the sidelines.
No, no, no. It was a joke about your poor spelling. Never mind.
"There is a descent book listed in the *IBOX."
For those of you interested in why stocks go down.
Semi-OT: Snip from a WSJ story this morning. The term "cult stock" always strikes me as amusing: low PPS, wide following, high volume.
Many Cult Stock Changes In Russell 3000 Rebalance
The Russell 3000 Index is being rebalanced and many cult stocks with low share prices and that have a wide following and high trading volume are getting booted off the index. Beacon Power Corporation (NASDAQ: BCON), Capstone Turbine Corp. (NASDAQ: CPST), Finisar Corp. (NASDAQ: FNSR), Rick's Cabaret International Inc. (NASDAQ: RICK), SIRIUS XM Radio Inc.(NASDAQ: SIRI), TheStreet.com, Inc. (NASDAQ: TSCM), Uranium Resources, Inc. (NASDAQ: URRE), and Vonage Holdings Corporation (NYSE: VG) are among the former high-flier stocks getting booted off the Russell 3000 that have become cult stocks with a large following and large investor base.
Semi-OT: Snip from a WSJ story this morning. The term "cult stock" always strikes me as amusing: low PPS, wide following, high volume.
Many Cult Stock Changes In Russell 3000 Rebalance
The Russell 3000 Index is being rebalanced and many cult stocks with low share prices and that have a wide following and high trading volume are getting booted off the index. Beacon Power Corporation (NASDAQ: BCON), Capstone Turbine Corp. (NASDAQ: CPST), Finisar Corp. (NASDAQ: FNSR), Rick's Cabaret International Inc. (NASDAQ: RICK), SIRIUS XM Radio Inc.(NASDAQ: SIRI), TheStreet.com, Inc. (NASDAQ: TSCM), Uranium Resources, Inc. (NASDAQ: URRE), and Vonage Holdings Corporation (NYSE: VG) are among the former high-flier stocks getting booted off the Russell 3000 that have become cult stocks with a large following and large investor base.