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For all of you who have not signed up for Lebed's daily emails I would like you to see what the person that was/is hyping MDOR is saying about the state of our economy. God help us if he is correct. This guy must have a magic crystal ball!
Either way if he is looking for everyone to panic or just be scared out of their wits, hopefully he is not succeeding.
Here is Lebed's latest email...
After accurately predicting the three biggest collapses of 2008: LEH, FNM and FRE, I have decided it is time for me to address the state of our economy.
We are only in the second inning of a total collapse of our economy. LEH filing for bankruptcy today is only a sign of a much bigger disaster to come.
Real Estate prices haven't even crashed yet. Prices are only down 15% across the nation. Pretty soon... prices will need to come down to a level where everybody can afford to purchase homes for cash with no mortgages.
The next major disaster after Real Estate crashes is credit cards. Now that people can no longer take out home equity loans, everybody is maxing out their credit cards as their last lifeline.
Companies like JPM and BAC may have survived the Real Estate crisis so far, but they won't be able to survive the upcoming credit card crisis.
Don't vote for John McCain in a million years. He thinks interest rates should be zero. Whenever he is asked a simple economic question, he babbles on about lowering taxes and how he would consult with a laundry list of people who are responsible for getting us into the mess we have today.
I think Obama is a little bit smarter than McCain, but Obama won't cut government spending... he will expand government and make the situation much worse.
I predict Obama will get elected... and he will immediately talk down the economy and expose to the country how bad things really are. That way, he can place all of the blame on Bush... when in fact, it is BOTH the Democrats and Republicans that are responsible.
I predict four years from now, an independent will be elected. Somebody like Ron Paul who actually understands the economy, would do much better than McCain or Obama.
With the market down over 500 today, Gold was one of the only things up. That's why I have been telling you to put 75% of your portfolio into DGP, the double-long Gold ETN. Gold could be as high as $5,000 per oz by the time this crisis is over.
Gold has dipped from the high of $1,032 because we have seen a suckers rally in the U.S. Dollar. This is the last ever rally in the U.S. Dollar before we see hyperinflation.
The U.S. has absolutely no way of paying back it's $10 trillion national debt, because it doesn't produce anything. In NJ, all we have are banks, tanning salons, and Dunkin Donuts on every street corner. There are no factories. We import everything from China and give them our worthless Dollars in return.
China is perfectly capable of consuming their own goods. They don't need us. Once they cut us off and stop supporting our Dollar, they will prosper while the U.S. sees a great depression.
The $10 trillion national debt will only get bigger. FNM/FRE only represent half of the U.S. mortgage market. The FED will soon take on trillions more in bad mortgages and issue trillions more in new mortgages. Plus with the upcoming credit card crisis, they will need to bail out JPM, BAC, and other major financial firms.
Greenspan said today housing prices will bottom in early 2009. He has been saying Real Estate is about to bottom for well over a year now. Why people would still treat him respectfully is beyond me.
The Federal Reserve needs to be eliminated. Artificially low interest rates got us into these messes and created these bubbles.
FNM and FRE were created for the purpose of making housing affordable. They have done the exact opposite. It is kind of like how student loans drove college prices up to astronomical levels. If there were no student loans, colleges would need to cut back on the high salaries they pay administrators and lower their tuitions so that America could afford their product.
But colleges aren't teaching students the truth about our economy. The ivy league educations LEH and BSC management had... didn't do a damn thing but help them drive their firms into the ground.
Everybody I know from high school that went to college... can't find a job now that they have their degree. Most of them are going back to college now with the help of more student loans and digging themselves deeper into debt. They already have huge mortgages before they even buy a house.
Most of the volatility as of late in Gold is due to leveraged up hedge funds being run by idiots who don't care about the long-term and where Gold will be in a couple of years. They get paid based on their performance each quarter... so they need to follow the momentum like a bunch of sheep. Sheep get slaughtered.
I am sick and tired of watching these idiots on CNBC talk about how the Dollar is strengthening and claiming we had a commodities bubble. These are the same people who said to buy Internet stocks in 2000 and Real Estate in 2005.
I hope that CNBC is finally smart enough to kick Jim Cramer off the air soon. He said on June 15, 2007, "FNM must be bought here" when it was trading for $68.75. I first predicted FNM/FRE would crash on August 7, 2006, when they were $47.46 and $57.93 respectively.
The reason FNM/FRE made a suckers rally for ten months before they crashed, is because of the idiots on Wall Street who misread the situation... while I read the situation correctly.
When the government announced that they would allow FNM/FRE to expand their mortgage portfolios, the idiots on Wall Street treated this as good news. Well, I thought being able to make more loans to people who can't afford to pay them back was bad news and I was right.
People are misreading the situation again right now with TOL. There are so many stupid people out there that believe because TOL's losses are smaller right now than the other home builders, they are a better managed company that is about to turn around and become profitable as Real Estate rebounds.
The way I read the situation... TOL is sitting there with empty houses, when they should be heavily discounting their properties and selling them off. They are also not writing down their inventory nearly as much as they should. They are doing this to mislead Wall Street so that insiders can dump tens of millions of dollars worth of stock before they go bankrupt!
Wall Street is also misreading the situation with Gold. Adjusted for inflation, Gold's 1980 high of $850 would be $2,275 in today's Dollars... and the inflationary situation today is much worse than back then.
How could Gold be a bubble now... if I never hear normal people at a restaurant talking about it? Everybody was talking about the money they were making in Internet stocks and Real Estate during those bubbles. There are absolutely no signs at all that Gold is anywhere close to being a bubble. It is actually the complete opposite.
Our $10 trillion, soon to be $15-$20 trillion national debt must be paid back! The only way we can pay it back is by printing a massive amount of Dollars. This inflation will drive Gold to $5,000 per oz.
Not only is it completely stupid to own Real Estate, but it is stupid to be holding the U.S. Dollar. Gold is Real Money. Besides Gold, you can also buy silver, platinum, agriculture, oil and other commodities. Real asset prices will rise big as the Dollar collapses.
Sign up for www.freerealtime.com
Hey surfguy,
Not as many trades as you would think. A few "big" buys...
Time Action Price Volume
3:40:04 PM Trade 0.5 1700
3:40:04 PM Ask 0.5 5000
3:40:04 PM Bid 0.48 5000
3:34:56 PM Trade 0.5 100
3:34:56 PM Ask 0.5 5000
3:34:56 PM Bid 0.48 5000
3:34:48 PM Ask 0.5 5000
3:34:48 PM Bid 0.48 5000
3:34:31 PM Ask 0.51 2500
3:34:31 PM Bid 0.47 5000
3:34:30 PM Trade 0.49 30000
3:33:33 PM Ask 0.49 5000
12:45:03 PM Trade 0.5 14800
12:45:03 PM Ask 0.5 5000
12:45:03 PM Bid 0.47 5000
12:45:00 PM Trade 0.5 16200
12:15:11 PM Trade 0.5 10000
12:15:11 PM Ask 0.5 5000
12:15:11 PM Bid 0.47 5000
12:13:56 PM Ask 0.5 5000
12:13:56 PM Bid 0.47 5000
12:10:44 PM Trade 0.51 100
12:10:44 PM Ask 0.51 2500
12:10:44 PM Bid 0.47 5000
12:09:46 PM Ask 0.51 2500
12:09:46 PM Bid 0.47 5000
12:09:26 PM Ask 0.53 2500
12:09:26 PM Bid 0.47 5000
12:09:25 PM Trade 0.49 11000
10:27:10 AM Trade 0.49 400
10:27:10 AM Ask 0.49 5000
10:27:10 AM Bid 0.47 5000
10:16:44 AM Trade 0.49 1000
Speaking of LEBED and pumping, this guy is relentless with XDSL.
I've gotten so many emails about XDSL from him that I have started delelted them even before I open them.
It looks like LEBED has stopped pumping MDOR. I think he still has another few weeks left, doesn't he?
VERT is one of the MM's. And he's not on the list of MM's for MDOR at the moment... (check out Level II)
Magnum Announces Updates to its Shareholders
Wednesday August 27, 9:00 am ET
MAGOG, Canada, Aug. 27 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News) updates the market and responds to shareholder inquiries about a possible takeover acquisition.
ADVERTISEMENT
Chairman of Magnum, Joseph Glusic stated, "I wanted to specifically address our shareholders to address inquiries and concerns regarding events and share trading activities that have come to my attention. I am writing this letter from the city of Magog, Canada where I am coordinating the final plans for installation and operation of recently delivered equipment. It has come to my attention that there are unscrupulous individuals and possibly market making companies attempting to spread false accusations and rumors about the company for the purposes of either shorting the company's stock or putting downward pressure on the stock to cover potential 'Naked Short' selling that has taken place over the last several days. The company currently feels the stock price is not justifiable with the company's real asset valuation.
These tactics have been monitored and followed over the last several months and have been reported to the FINRA and the SEC. Additionally, the company has taken legal steps to notify and initiate actions against various individuals that have been identified as spreading false and defaming information about the company. We have ordered DTC Sheets and have professionals investigating this matter and plan to attack this method by increasing shareholder value through both Joint Ventures and Acquisitions in order to rapidly increase Magnum's revenues and earnings.
The company maintains open lines of communication to its shareholders, as well as, the public in general. We plan on rolling out a high tech corporate website next week to include a variety of details including: company strategy, process, products, methods, know-how, etc. and will be updated routinely to reflect our ongoing activities and our plans for growth and expansion.
I wanted to take some time to respond specifically to a number of recent shareholder concerns and comments.
1. Is Magnum currently doing a reverse merger? No
2. Is Magnum currently considering a takeover or attempting an
acquisition? Yes, Magnum is currently in negotiations with a private
national company in the same business as us with a large international
customer base.
3. Is Magnum going to be getting any outside exposure to help aid in the
growth of the company and market share? Yes, the most recent press
releases delineate some of the steps we are taking to increase market
awareness and maximize company exposure. In addition, we will begin
production and transition into an operating company versus a
development stage company.
Magnum will soon look to do additional marketing via direct presentations to Wall Street Brokerage Firms, Investment Banking Firms, Private/Public Institutions both here and internationally. We are currently working with "Our Planet."
http://ourplanetstories.com/media-distribution/
(Fox Business Network, CNN Headline News, Discovery Channel, CNN, MSNBC, Regional News Network, along with other Networks) are also in discussion with several different Television Broadcasting News channels, Newspapers, and radio programs.
http://www.cbc.ca/
http://www.latribune.fr/
4. Is the company selling treasury stock or diluting in order to raise
funds for equipment? No, the funds rose in order to procure and ship
equipment was performed by non-dilutive methods utilizing debt
instruments such as promissory notes which have been fully disclosed
and filed with the SEC. The remaining financing was done through our
equipment manufacturer.
5. Is the company planning on entering into any other Joint Venture
agreements and/or relationships? Yes, Magnum has several joint venture
opportunities in various stages of development and final term
agreements.
6. Why has the stock languished around the 50 cent threshold and been
unable to rise with increasing daily volume?
It is management's opinion that unethical and unscrupulous trading tactics continue to curse the appreciation value of the company stock. This is most likely caused by consistent market maker manipulation around the 50 cent range and downward pressure being exerted by short selling investment consortiums whose only purpose is to drive a company's market capitalization down. Magnum is taking immediate action to protect and increase shareholder value as addressed previously above. We take accusations and harmful acts against the company very seriously and hold company integrity and shareholder value as being an extremely precious asset.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The company is not required to update its forward-looking statements.
Contact:
Magnum D'Or Resources, Inc., Fort Lauderdale
Joseph Glusic, CEO, 305-420-6563
www.magnumresources.net
mdor@magnumresources.net
I too believe it's the MM's holding this stock back. Americanbulls.com, thinks we will be going further south today
http://www.americanbulls.com/StockPage.asp?CompanyTicker=MDOR&MarketTicker=OTC&TYP=S
8/27/2008
MDOR
MAGNUM D OR RESOURCES INC
Daily Commentary
Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 07.08.2008 (49) days ago, when the stock price was 0.3000. Since then MDOR has gained 55.00% .
SELL-IF is confirmed by a black candlestick which has an open equal to the previous close but closing lower. The selling price is the previous close (0.4900) according to the Rules of Confirmation.
Bears are getting stronger. The market hesitated a bit, but finally confirmed the bearish pattern with a one day delay. Though the market opened higher today, the day’s activity created a black candlestick that closed below the previous close. This is a valid bearish confirmation.
We hope that you sold this stock . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bearish tendency despite the higher opening and sell your shares after making sure that the prices stay below the previous close.
If you sold, keep away from this stock until the confirmation of a new BUY-IF signal. What to do if you did not already sell? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions.
The market is an inviting one for short-sellers. Risk lovers may now go for short sale.
Data provided by: End of Day Data
SELL
CONFIRMED
0.4650
-0.0250 -5.10%
Candlestick Analysis
Today’s Candlestick Patterns:
Black Spinning Top
Today a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
Fsmith,
Please check your inbox on the MDOR Stockhouse board...
Hey Surfguy,
Nothing but the best of luck to you and everyone on board for the ride.
Thank you for your response...
Yo Surfdude,
Not sure if you understand what the longs have been through. We've invested many of our hard earned dollars in MDOR's predesesor MAGR.
I respect greatly what FSmith is saying. We are only looking out for our investment. We have been lied to on many occasions. But we do not live in the past...
And I agree with what FSmith said about the Chadmeister. Every time I've spoken to him he was rude and full of himself.
We are all in this together. However, the questions raised by FSmith are all legit.
The last thing we all want to do is prematurely sell our shares. Most of the longs are skepitcal (or too broke) to average down to the level most of the newbies are at.
So back off a bit...
Please check you MDOR in box on the Stockhouse Board
Le lundi 11 août 2008
Magnum D’Or veut s’installer chez GDX
Magnum D'Or Resources pourrait s’établir dans une usine laissée vacante par la compagnie GDX à Magog.
Archives La Tribune, Jessica Garneau
Claude Plante
La Tribune
SHERBROOKE
La compagnie américaine Magnum D'Or Resources pourrait s’installer dans l’une des usines laissées vacantes par la compagnie GDX de Magog pour ses opérations de recyclage de vieux pneus.
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Cette usine emploierait une quarantaine de personnes dès les premiers mois après son démarrage. Ce chiffre pourrait monter à 200 à long terme.
L’entreprise a déjà décroché des contrats d’une valeur de plus de 130 millions $ avant d’avoir lancé ses activités.
En février dernier, La Tribune avait annoncé que la compagnie était pressée de s'établir à Magog puisqu’elle avait en main des contrats totalisant 103 millions $.
On n’a pas pour l’instant la date de départ de la production, mais le temps presse, mentionne la direction de l’entreprise.
À l'aide de machineries, les travailleurs découperont le caoutchouc des pneus en morceaux de petite taille pouvant par exemple servir à recouvrir le sol sous des jeux extérieurs pour enfants. On utilise souvent des copeaux de bois à cette fin, mais le caoutchouc protègerait mieux des chocs et aurait une durée de vie plus grande.
Magnum D'Or a besoin de 10 000 mètres carrés pour ses activités, a-t-on appris.
Pour sa part, le maire de Magog Marc Poulin s’est refusé à tout commentaire. Des discussions entre le CLD de Memphrémagog et l’entreprise ont eu lieu.
In reading the posts by Asus he brings some very interesting innuendo's to the board about Mr. Chad Curtis.
As someone who purchased MAGR (prior to MDOR, the ticker simple was MAGR) well over five years ago I've been waiting a l-o-n-g time to recover my losses.
I started averaging down (with the thought of possibly throwing good money after bad) but I felt compelled, (based on information received)to go forward.
There is no room for lies or sore losers on this board, especially since many of us longs have managed to think there is possibly a light at the end of the tunnel.
However, I hope that this person (Asus)posts are not being disgarded in any way.
What happened to Post # 946? When I put in that number, the following message came up... "Message 31299013 is deleted."
Who has the power to delete messages? Why was this post deleted?
Let everyone have their say. If they are liars we will soon figure out what they represent. However, if any "pumpers" are trying to prevent all from hearing what someone may have to say then I have a problem...
Mick