full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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SpongeBobWins, Choice (CZEKF.pk) and Sharon (SHEYF.pk) have floundered around these levels for awhile now w/o much movement. I certainly agree that the Can mkts are more stable than US for energy stocks.
Are you expecting any particular news for Choice?
Any idea when Sharon will announce more details on their latest well?
Best Regards, my condolences on VPHM, and my congratulations on your gold and uranium stocks. Keep digging, and thanks for sharing the wealth of information you find.
Have you looked into TOPT as a swing trade? A number of oil tanker stocks have been beaten down to yearly lows lately, but TOPT appears to be the least expensive, and the upcoming 2.50 dividend payment should make the TOPT trading very interesting over the next 3 days.
B_B_B, where do you get the "understanding" regarding 7.5-8.5million shares in the float? My trusting self believes that your underlying premise must be wrong, as there are not enough liars hereabouts. As to the short interest, I do not believe this stock is shortable for most people.
I hope you are not going off the deep end.
As for performance of pink sheet stocks, I used to hold a substantial position in IDWD.pk but sold it from .38-.95 and have watched in "shock and awe" as it rose to over 1.50 yesterday. Basically I missed over a year's salary by selling my stake too early to "reduce my risk exposure". I'm thinking that if GFCI.pk will outperform my expectations, and I can keep my "sell" button covered, GFCI may make a move similar to IDWD.pk that repairs my remorse about selling a pink sheet too early.
A good performance for GFCI over the next 2 months is dependent on some good CTBG financials and a successful spinoff of CTBG without a massive selloff when 75million (sellable) shares hit the market.
On GFCI quote ... Using Scottrade, I'm seeing similar bizarre stuff on IDWD.pk today as for GFCI.pk. Bid/Ask not consistent with trades, that is, so it must be something wrong with Scottrade or the OTCpinksheet exchange data interface.
Strange action on TOPT ... got stopped out on megadownspike (probably due to large market order and MMslugs hungry to eat someone's someone's lunch).
Careful as she goes, mates.
TOPT, low P/E oil tanker stock rebouncing nicely after announcing they will end quarterly dividends. They are paying a one-time dividend of 2.50 however to shareholders of record on 4/17, thus it appears to be an excellent dividend play here. I bought some about an hour ago at 9.28, and it's back up to over 9.60 now.
Worth considering, IMHO...
If interested read their recent news releases.
Redinvest, can anyone post the whole article? Headlines are of no real value.
TBYH is down 15% but on relatively light volume. If there was selling that resulted from slight earnings disappointment, there could also be a rebound.
As an example, look at CYD, another China play. It announced losses for the year vs. expected profits and dropped hard. Now it is up >30% from that selloff low. My point is that when companies get hit, they sometimes overreact on the downside then come back strong.
The best way to play a selloff is get out quickly and buy back lower, but if you miss the opportunity to get out quickly, know that if fundies stay in place, it should eventually recover much of what was lost.
Who is paying for Discover? If it's not Pioneer, Sinopec or Addax (that is, one of ERHE's partners in Block 2), they won't be drilling in Block 2.
BTW, I called ERHE office yesterday and asked a few questions. Got nothing substantial, but the lady I spoke with said they aldo have been hearing the rumor that CVX had hit a big well, yet she had not seen it announced either.
As perceptions are reality, ERHE's price is based on "potential" in blocks 2+3+4, so as perception drives that "potential" to a higher level (that is, potential size of reserves), the price of ERHE will follow. When CVX announces their well in Block 1, ERHE should benefit (somewhat) as the perception grows of greater potential in all the Sao Tome blocks.
Thanks, RoX, and thanks for making the trip. Too bad they couldn't give any information that relates to intrinsic stock value of GFCI or CTBG. Did they give you any hints at all about annual revs for CTBG or GFCI (excluding CTBG)? Someone earlier made a good point about Global Oil Tools annual revs as part of GFCI, but until we know how the companies are really doing in revs and profits, we are just running around like roaches predicting earthquakes.
BTW, up 3cents today, but not enough volume to be meaningful.
VPHM bail by Fidelity must have mostly occurred in late March, window dressing time. Some of the funds that owned VPHM in past dumped before end of qtr; others reduced holdings after qtr end, thus the announcement that Fidelity now owns less than 5%. I see it as no big deal, but there could be an underlying expectation that earnings will not be as good in recently ended 1Q06 as 4Q05.
VPHM ... no, I have some as well ... supposedly they filed some form 13 or something today. Haven't seen it though.
CPST up strong today over 11% to 4.20 w/ above avg volume
Anyone know if there is pending news?
Bill, I've never called you a jerk, but all the (bashing) way down you were professing to own 200 sh of GFCI. And do I think you caused some to sell on the way down? Yes, I think you had an impact on some buyers/sellers on the way down due to your rampant negativism.
Then you bought quite a bit of GFCI below .25, a good stake, right? Well, whadda ya know, you have now become a true believer, and your ah-ha experience has converted you, so pumping is now the order of the day.
Congratulations on your buy below current price, but don't start telling the world it is suddenly destined for >$.80 based on a recent news release. It is much more believable to just say that you now own quite a bit of it, and you are not as prone to express your concerns and negativity as when you did not own substantial quantity.
Your exclamations on the way down and on the way back up just appear to me to be somewhat self-serving, and BTW, NO, I do not see you as the guru of GFCI's price movements. Now that you are long GFCI, you have suddenly started expressing overly optimistic views, but while owning only 200sh, you were overly pessimistic. It could just be considered "hunan nature" to say things in support of one's best interests. You are quite human then. Congratulations.
JMHO, and I am happy I live in Amerika so I can express it.
Bill, you bashed til the price was to your liking, and now you are pumping? My goodness, what a difference being long makes to your "expectation".
It seems to me that the real value of GFCI will be determined by financials, not the price at some day in the past. My big question is ... what are CTBG annual revenues and profits looking like, as those details will have a great weight on the price of CTBG's 85million shares outstanding (post GFCI spinoff).
Global Aircraft Solutions, Inc. (GACF) Announces Fourth Quarter and Full-Year 2005 Financial Results
Monday April 10, 9:20 am ET
TUCSON, Ariz.--(BUSINESS WIRE)--April 10, 2006--Global Aircraft Solutions, Inc. (OTCBB:GACF - News) today announced its results of operations for the fourth quarter and year ended December 31, 2005. Significant 2005 financial results include:
Record revenue increased 33% to $41.2 Million for 2005
Net Profit increased 36% to exceed $3.1 Million, or $.09 per share for 2005
Gain from operations increased 80% over the previous year
Total Stockholders Equity increased 130%
I wish I was a rock
Just sittin' on a hill
Doin' nothin' all day long
'cept just a sittin' still.
I wouldn't eat.
I wouldn't sleep.
I wouldn't even wash.
I'd just sit still a million years
And rest myself by gosh.
Bill, I agree, lots of true believers may have cut and run. Just curious, did you hold your position, sell into the selloff, or are you buying more when you see it bottom out? I don't mind asking since you announced last week that you had bought a bunch, though you obviously don't need to expose your position or announce your trades any more than the rest of us.
It is a pretty dramatic multi-day selloff.
Bill, I had thought you were referring to the gap around .175
Hard to know where the selling comes from on days like this. Could have been a company director, a recent visitor to Spring, a doctor, or a hedgefund that's had enough. Regardless, somebody (make that quite a few somebodies) decided to feed in other pastures today.
Not a happy day in Spring, TX today...
I interpret the PR to mean that GFCI will not provide quarterly financial reporting until about mid-November, based on Q1 running July10-Sep30.
This is disappointing, as stockholders do have a need to know what's going on financially; there is some potential that they will need to provide some level of overall GFCI financials prior to that date in support of the CTBG spinoff. One of the looming questions is how much of GFCI will be included in CTBG and how much will remain with GFCI after the spinoff.
Hopefully the "CleverRoX Report" will provide some more answers, but it is doubtful that annual revs to date have been disclosed to RoX.
Excellent question; the date inferred for financials was ambiguous.
Cleverrox, can you clarify based on your meeting?
10Bagger, thanks for at least admitting you have a personal axe to grind with Jim Dial and GFCI. This explains the jaundiced eye with which you watch this stock and practice your sarcastic wit, with an occasional small bank pump thrown in for good measure.
Per your statement:
"...As why I act different on the two boards.. I have never been duped by any stock on VMC except GFCI... The fact that it still exists with out any finanicals or share counts and continues to pump and dump is more frustrating than you can understand... "
I thought the PR today was quite refreshing in that it helped shareholders understand a bit more about GFCI plans to release financials and indicate an effort to improve Lyamec and GFCI operations.
I think B2B had it right in that you have shown a negative slant in most mention of GFCI, and now we understand why. It appears to be much more personal than just trying to talk down the stock price so you can get in at a lower price point.
Good luck with the small banks.
Seconded!
You MAY have misinterpreted the information to indicate GFCI contributed shares. There were multiple companies listed in that "release", so GFCI did not necessarily contribute at all... then again, perhaps they did, but you cannot be absolutely sure from the release itself.
10 bags full,
Are you in this stock, that is, are you long GFCI?
HBM.to (HBMFF.pk)
Revenue-rich base metal firms ready to spend, buy
Mon Apr 3, 2006 7:58 AM ET
(In U.S. dollars unless noted)
By Rachelle Younglai
HBM.TO (HudBay Minerals Inc)
Last: $10.71
Change: +0.94
Up/Down: +9.62%
TORONTO, April 3 (Reuters) - As zinc and copper prices push to all-time highs, Canada's HudBay Minerals Inc. (HBM.TO: Quote, Profile, Research) is just one of a clutch of metals firms ready to turn the riches from rising revenue to acquisitions in the coming year.
The Winnipeg, Manitoba-based miner, Canada's third-largest zinc and copper producer, is calling this its year of growth after a year of "settling down" in 2005. The company went public in 2004.
"We dramatically reduced our net debt. We have put ourselves in a position...that allows us now to say the next step for 2006 is growth," HudBay Chief Executive Peter Jones told Reuters.
"We are planning our growth. Basically I would describe it as M&A type of activities," Jones said. "We are identifying opportunities and we are open pretty much to any proposal, either through acquisition or through merger, that would benefit the company and the shareholders of course."
HudBay, like many other base metal companies, has found itself poised to make an acquisition. The world's top zinc producer, Teck Cominco Ltd. (TEKsvb.TO: Quote, Profile, Research), is looking for another investment opportunity, as is copper producer, Aur Resources Inc. (AUR.TO: Quote, Profile, Research).
"Historically, there have been periods where it is more advantageous to raise equity and more advantageous to do M&A and right now we are seeing a confluence of both." said Gordon Bell, head of global mining and metals, corporate finance, at RBC Capital markets.
Driving the trend is the surge in metal prices, along with a need for more resources. Copper is setting record-breaking levels almost daily, while zinc has been at all-time highs since February.
Witness Canada's First Quantum Minerals Ltd. (FM.TO: Quote, Profile, Research) trying to take over London-based Adastra Minerals Inc. (AAAq.L: Quote, Profile, Research) (AAA.TO: Quote, Profile, Research) for its copper project in central Africa.
This comes after Companhia Vale do Rio Doce (VALE5.SA: Quote, Profile, Research) swallowed up Canada's Canico Resource for its large Onca Puma nickel project in Brazil.
Companies are also "looking to try and extract synergies to lower costs," said Bell.
That's very much a selling point behind Inco Ltd.'s (N.TO: Quote, Profile, Research) C$12 billion ($10.26 billion) bid for Falconbridge Ltd. (FALlv.TO: Quote, Profile, Research).
Both companies have major nickel operations in Sudbury, Ontario, and Inco is targeting annual pretax synergies of US$350 million by mid-2008 if all goes as planned.
Aside from the need for more resources, and the need to cut costs in a capital intensive industry, Bell said "there is more risk capital available for exploration."
He added: "What we are seeing is more risk tolerance in the marketplace because we are seeing risk returns are good."
Data compiled by the Metals Economics Group showed worldwide exploration budgets totaled $5.1 billion in 2005, up 34 percent from the year before and up 168 percent from 2002. Junior companies' exploration budgets accounted for almost half, or $2.3 billion.
HudBay is spending about C$10 million a year exploring for new projects.
"I personally believe that zinc has been undervalued for many years and as such, not a great deal of exploration has taken place and that's why there's not a lot of projects out there," Jones said.
($1= $1.17 Canadian)
RGMI is so thin it's hard to buy; any order causes the B/A to bump up. I was able to get just a few at .70 today...
Thanks for your note on the chat with CEO.
ERI dropped hard on earnings today, due to bad EPS, but their backlog is truly outstanding, and the implication (not a promise, just an implication to support the price perhaps) was that backlog growth (and Q4 revenue shortfall) was due delays by customers, and product is now shipping, particularly for the Eurofighter jet.
Delays in several areas contributed to the shortfall in revs and EPS.
I think some here may have held ERI in past but exited on bad Q3 numbers, but it may be worth another look at this reduced level, IMHO. I am long ERI, but not extremely so, as I want to see if others capitulate before buying more. There was also a very large order (2 million sh) that crossed the tape earlier today.... hmmm....
ERI dropped hard on earnings today, due to bad EPS, but their backlog is truly outstanding, and the implication (not a promise, just an implication to support the price perhaps) was that backlog might convert to revenue in the current qtr.
Delays in several areas contributed to the shortfall in revs and EPS. Most notably they have a large contract for parts on a British plane that is behind schedule, causing delayed delivery of their parts (and delayed revenue recognition).
I think some here held ERI in past, but it may be worth another look at this reduced level, IMHO. I am long ERI, but not extremely so, as I want to see if others capitulate before buying more. There was also a very large order that crossed the tape in the past hour.... hmmm....
Wade, do you have an estimate for GACF?
Just wondering about this one due to fact it has been on a slight downtrend the last 2 weeks, and I don't want to get caught holding another disappointer like ZNCM (got slapped by that surprise today).
Mr. Bill, so you have given up your medical practice and become a fulltime trader, is that right?
Dr. Bill, please remind us of your ulterior motive for being here? Trying to decide when to sell your 200sh? Paid basher? Bored? Just full of enmity and looking for conflict?
Please leave the building with Elvis, as you are about as useful here as a burr in the saddle of a horse at a kiddy ride.
JMHO... just tired of hearing you repeat your doubts over and over and over and over and over and over and over and over ... ad nauseum infinitum.
Probably true that NCNC's CEO declined to do his computation based on probable share count at end of the year (after all warrants are exercised).
Off Topic: Dr. Bill, serious question:
Do you have any idea as to the market value of ENCY's new endothelin product, TBC3711? That's the one on hold by FDA to resolve a clinical issue prior patient dosing. The stock has moved up from it's low after the news. Just wondering if you can add any perspective as to the potential for the drug and ENCY (which appears very overvalued based on market cap vs existing annual revenues).
TIA
Aw, please turn your head and cough...
Hmmm... could be the upper lip...
Have a good one!
Nice move on the confirming news today; up 30% on relatively light volume. Should be back over .25 by next week (IMHO), but that depends on how many decide to take some money out before April-May GFCI->CTBG distribution events.
NEWS!!! Grifco International Announces Record Date for Spin-Off of Coil Tubing Technology
HOUSTON, TX, Mar 30, 2006 (MARKET WIRE via COMTEX) -- Grifco International, Inc. ("Grifco") (GFCI) today announced May 1, 2006, as the record date for the previously announced spin-off wholly owned subsidiary Coil Tubing Technology, Inc. ("CTT"). Grifco shareholders will receive 1.89 shares of CTT for every one share held in Grifco as of the record date, up to 75 million shares. Upon completion of the spin-off dividend, CTT will have approximately 85 million shares issued and outstanding.
The distribution will occur when CTT receives acceptance of its SEC Form 10-SB, which is expected to be filed in April 2006. In order to participate in the CTT spin-off, a shareholder of Grifco must own their shares at the close of trading on May 1, 2006.
Safer to wait on ERS to see earnings before shorting. I think a short is a great idea, but like R59 said, good earnings could eat your lunch. Wait til earnings end the party and be ready to sell into a fall.
Friday results? Uh Oh!!!
Imperial Industries, Inc. to Host Conference Call to Discuss 2005 Fourth Quarter and Full Year Financial Performance and Operating Results
POMPANO BEACH, Fla., March 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- Imperial Industries, Inc. (IPII) (the "Company") today announced that it intends to release its financial results for the quarter and year ended December 31, 2005 after the market closes on Friday, March 31, 2006. The Company will also host a conference call with the investment community, Monday, April 3, 2006, at 8:00 am EDT to discuss fourth quarter and year 2005 results.
To participate in the conference call, please dial 1-800-857-6258 a few minutes before 8:00 am EDT on Monday, April 3, 2006. The passcode for the conference call is "IMPERIAL." A replay of the conference call will be available from 10:00 am EDT on April 3, 2006 until 4:00 pm EDT on April 5, 2006. In order to listen to the replay, dial 1-800-382-0786. A replay of the conference call will be available on the Internet at the Company's website http://www.imperialindustries.com commencing 12:00 pm EDT on April 3, 2006.
Actually the analyst announcement was due to the company disclosing some details about the Phase II results and that Phase III trials WILL begin in June (some analyst meeting last week, I think).
Nothing nauseating to me about that.