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Landstar really looking solid.
Nice little shakeout today by MM's.
.03 coming tomorrow. imho.
The e-trade guy might be selling all his stocks. Some are foolishly throwing in the towel....CAPITULATION!
The markets might be close to their lows.
SIVC and many other stocks are going to have some nice upside runs.
Maybe the CME will take charge of the CDS( credit default swaps), if so we may see a 1000+ DOW day.
LDSR has been phenomenal the last two days.
LDSR = gangbusters again today!
LDSR busting out again today..>$$$$$>
Up 47% ... 1.39M volume.
GREEN = $$$$$.
LDSR is a keeper.
LDSR is a great $$$$$ opportunity.
My third day of accumulating shares!
I really like the potential, explosive upside runs
that will happen later in the month.
Some excerpts I found on the CDS board....very interesting!......> Lehman Brothers is a prime example. On September 15, Lehman filed bankruptcy - the biggest in America's history. Hours before, the New York headquarters was scrambling for cash. Other banks were refusing to provide loans to Lehman. Banks with loans outstanding were demanding immediate repayment. Counter parties to Lehman's credit default swaps were selling out at ten cents on the dollar.
Lehman's response: Hours before the bankruptcy filing, Lehman transferred $2.5 billion from the London office to the American holding company. This money had "accrued as part of group profits from the first nine months of the year" and will be used to pay employee bonuses. As a result, the London office had no funds with which to make the payroll.
Presumably. part of that money will be used to pay a bonus to Lehman CEO Richard Fuld, Jr. Last year he made $71 million. In better times, namely 2006, he was the fifth-highest paid CEO in America. His total compensation was $122.67 million.
Working American taxpayers rightly question whether firms such as this, managed by people such as this, should be bailed out. And question if the bailout will be administered fairly.
Just cause exists for questioning. Should taxpayers be concerned (or outraged) that the fox who wrote the emergency plan and will be responsible for guarding government's $700 billion hen house is Treasury Secretary Hank Paulson?
Paulson, who amassed a fortune estimated to total $700 million during his 32-year career at Goldman Sachs, the main competitor of Lehman?
Paulson, who will be allowed to purchase worthless securities from Goldman Sachs and offshore hedge funds at prices that he alone will determine but probably not disclose, without being subject to congressional or judicial oversight of any sort?
Paulson, who refused to even consider bipartisan calls for tighter regulation or reform after sending his emergency proposal to Congress at 1:30 A. M. last Saturday?
Paulson, whose previous employer Goldman Sachs was granted a request to convert to a bank holding company with full access to the Federal Reserve's emergency loan program by his buddy Bernanke?
Paulson, who failed and sometimes refused to regulate and now claims changes to his proposal aren't possible because of an emergency that resulted from his failure or refusal to regulate?
Paulson, who last Sunday rejected suggestions that his taxpayer-funded program be revised to provide any sort of relief for homeowners facing foreclosure?
Paulson, who steadfastly refuses to consider taking a hard look at A.I.G. and other financial firms. How could these companies, managed by the so-called "best and brightest" guys in the room, have committed such a long and horrendous series of "poor judgments"?
By accident, or sheer incompetence?
Hard to believe, given that everyone in the room knew millions of explosive mortgages were being written to families without sufficient income, or in some cases no documentation of any income at all, based on fraudulent appraisals and supported by fraudulent AAA ratings.
The proposed bailout asks for $700 billion. The number of homes through, in the process of or facing foreclosure is currently about five million. Meaning the cost will be about $140,000 per home.
But the problem as to credit default swaps is much bigger. The notional value of credit default swaps outstanding is estimated to be about $62 trillion.
This is about $12.4 million per home. About 31 times the value of a $400,000 home.
Fed Planning Credit Default Swap Marketplace
Officials at the Federal Reserve plan to meet with top executives from two commodities exchanges in an effort to create a new marketplace for credit default swaps, one of the most important, controversial and opaque securities traded on the Wall Street, CNBC has learned.
The meeting, scheduled to be held as early as Tuesday of this week at the headquarters of the
New York Fed, is expected to clear the way for the creation of a new clearing house, or exchange, where CDSs can be traded with more transparency and with a degree of government oversight.
At the moment CDSs are traded in the over-the-counter market, where traders buy and sell the securities among themselves.
The effort by the Fed is designed to create a centralized market place where CDSs can be traded.
People close to the talks say that the new exchange could be up and running in a matter of weeks.
Credit default swaps are essentially insurance policies against the possibility that a company might default on its debt. The buyer of the CDS pays a premium to the seller for their protection. (See Charlie Gasparino breaks the news on CNBC in the video).
But the securities are controversial; some Wall Street executives say they can be easily manipulated to deflate the value of their stock. CDSs on Bear Stearns, and Lehman Brothers [LEHMQ 0.139 -0.031 (-18.24%) ] spiked tremendously just before both firms' implosions this year.
Other major firms that have seen their share prices fall and finances distressed, such as Morgan Stanley [MS 21.13 -2.79 (-11.66%) ] and Goldman Sachs [GS 117.87 -10.13 (-7.91%) ] also witnessed a sharp increase in the cost of CDSs.
The two exchanges in the running to create the new CDS exchange are the Intercontinental Exchange [ICE 73.09 -5.12 (-6.55%) ], also known as the ICE, and the Chicago Mercantile Exchange, or the CME Group [CME 365.24 2.94 (+0.81%) ].
The CME's chief executive Craig Donohue has publicly stated that his exchange is ready to start an exchange for CDSs and was merely waiting regulatory approval from regulators, including its primary regulator the Commodity Futures Trading Commission.
But officials at the ICE, headquartered in Atlanta, are making their own push to be the exchange where CDSs are traded. Officials there plan to incorporate as a bank so they can be regulated by the New York Fed if they are chosen, and headquarter their operations in New York.
© 2008 CNBC.com
How about Lehman's credit default swaps!
Fed Planning Credit Default Swap Marketplace
Officials at the Federal Reserve plan to meet with top executives from two commodities exchanges in an effort to create a new marketplace for credit default swaps, one of the most important, controversial and opaque securities traded on the Wall Street, CNBC has learned.
The meeting, scheduled to be held as early as Tuesday of this week at the headquarters of the
New York Fed, is expected to clear the way for the creation of a new clearing house, or exchange, where CDSs can be traded with more transparency and with a degree of government oversight.
At the moment CDSs are traded in the over-the-counter market, where traders buy and sell the securities among themselves.
The effort by the Fed is designed to create a centralized market place where CDSs can be traded.
People close to the talks say that the new exchange could be up and running in a matter of weeks.
Credit default swaps are essentially insurance policies against the possibility that a company might default on its debt. The buyer of the CDS pays a premium to the seller for their protection. (See Charlie Gasparino breaks the news on CNBC in the video).
But the securities are controversial; some Wall Street executives say they can be easily manipulated to deflate the value of their stock. CDSs on Bear Stearns, and Lehman Brothers [LEHMQ 0.139 -0.031 (-18.24%) ] spiked tremendously just before both firms' implosions this year.
Other major firms that have seen their share prices fall and finances distressed, such as Morgan Stanley [MS 21.13 -2.79 (-11.66%) ] and Goldman Sachs [GS 117.87 -10.13 (-7.91%) ] also witnessed a sharp increase in the cost of CDSs.
The two exchanges in the running to create the new CDS exchange are the Intercontinental Exchange [ICE 73.09 -5.12 (-6.55%) ], also known as the ICE, and the Chicago Mercantile Exchange, or the CME Group [CME 365.24 2.94 (+0.81%) ].
The CME's chief executive Craig Donohue has publicly stated that his exchange is ready to start an exchange for CDSs and was merely waiting regulatory approval from regulators, including its primary regulator the Commodity Futures Trading Commission.
But officials at the ICE, headquartered in Atlanta, are making their own push to be the exchange where CDSs are traded. Officials there plan to incorporate as a bank so they can be regulated by the New York Fed if they are chosen, and headquarter their operations in New York.
© 2008 CNBC.com
Is that the head slaughtering foreman
at ENHD?.....LMAO.
Big merger tomorrow..LOL..
Victoria's Secret, and Smith & Wesson will merge under the new name:
TittyTittyBangBang..(.)(.)
Rain, I own LDSR. $$$$$ >
This may end up being an explosive upside, short term opportunity, later in the month.
Anyone watch 60 MINUTES?
They reported that over FORTY TRILLION DOLLARS(yes trillion!!!!!) in
default credit swaps are now being uncovered, used by Wall Street Brokerages.
These swaps are like insurance but are not regulated like insurance, so thus the nomenclature "swap".
This does not bode well for the overall financial market.
Europeans scramble to save failing banks...
Sunday October 5, 6:50 pm ET
By Matt Moore, AP Business Writer
European nations scramble to save banks after economic summit promises coordination
STOCKHOLM, Sweden (AP) -- Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own Sunday to save failing banks.
ADVERTISEMENT
Chancellor Angela Merkel said that no citizen should fear for the safety of their investments. Hours later, her government announced a new bailout package totaling 50 billion euros ($69 billion) for Hypo Real Estate, Germany's second-biggest commercial property lender.
Hypo said an original euro35 billion ($48 billion) rescue plan fell apart after private lenders withdrew support, a key element to the proposal that had already been approved by the EU.
The deal was on top of the guarantees of private accounts. German Finance Ministry spokesman Torsten Albig said the unlimited guarantee covered some 568 billion euros ($785 billion) in savings and checking accounts as well as time deposits, or CDs.
At the same time, Belgian Prime Minister Yves Leterme said that France's BNP Paribas SA had committed to taking a 75-percent stake in Fortis NV.
Leterme said the Belgian and Luxembourg governments would, in turn, take a blocking minority share in BNP Paribas.
The deal came after two days of closed-door talks between the Paris-based bank, Fortis and government authorities in an effort to restore confidence in the company before markets open Monday.
In Iceland -- particularly hard-hit by the credit crunch -- government officials and banking chiefs were discussing a possible rescue plan for the country's overstretched commercial banks.
British treasury chief Alistair Darling said he was ready to take "pretty big steps that we wouldn't take in ordinary times" to help the country weather the credit crunch.
In the past year the government has nationalized struggling mortgage lenders Northern Rock and Bradford & Bingley.
"The European banking industry is feeling the wind of default blowing from the other side of the Atlantic," said Axel Pierron, senior vice president at Celent, a Boston, Massachusetts-based financial research and consulting firm.
The erosion has also injured overall confidence and caused concern among investors, politicians and the European public.
The leaders of Germany, France, Britain and Italy met Saturday to discuss the meltdown that has leapfrogged across the Atlantic from the U.S. to Europe, but shied away from action on the scale of the massive $700 billion bailout passed by the U.S. Congress on Friday and later signed into law by President Bush.
Their failure to agree to an EU-wide plan showcased the divisions in Europe on how to deal with the crisis.
France had suggested a multibillion-euro (multibillion-dollar) EU-wide government bailout plan, but backed off after Germany said banks must find their own way out.
French President Nicolas Sarkozy's top adviser, Claude Gueant, insisted that a "common European plan" had come out of the summit.
"What is certain and what the citizens of France and Europe must know is that their (banking) establishments won't be left in difficulty," he told Europe-1 radio on Sunday.
Icelandic banks expanded rapidly after deregulation of the domestic financial market in the 1990s and now have combined foreign liabilities in excess of 100 billion euros ($138 billion) -- dwarfing the tiny country's gross domestic product of 14 billion euros ($19 billion euros).
The government last week took over Iceland's third-largest bank, Glitnir, a decision that prompted major credit ratings agencies to downgrade both Iceland's four major banks and its government credit rating.
Looming large was a growing sense that the Federal Reserve and Europe's major central banks -- which have been flooding euros and dollars to banks that have grown increasingly unwilling to lend money even to themselves -- were ready to institute emergency cuts to their benchmark interest rates this week.
None of the banks, including the European Central Bank and Bank of England, have commented on potential rate hikes or cuts. But analysts believe the Bank of England, which meets this Thursday, will likely lower its rate below 5 percent. The ECB left its rate unchanged at 4.25 percent on Thursday, but opened the door to a rate cut.
Robert Brusca, chief economist at the New York-based Fact and Opinion Economics, said that the ECB does issue such a cut it would a be a sign "that they're really, really scared."
Associated Press writers Angela Doland in Paris, Patrick McGroarty in Berlin and Jill Lawless in London contributed to this report.
Here is some logic for today . . .
>
>
> If you had purchased $1000.00 of Nortel stock one year ago, it would
> now be worth $49.00.
>
> With Enron, you would have $16.50 left of the original $1000.
>
> With WorldCom, you would have less than $5.00 left.
>
> If you had purchased $1000.00 of Delta Air Lines stock you would have
> $49.00 left.
>
> If you had purchased United Air lines, you would have nothing left.
>
> But, if you had purchased $1000.00 worth of beer one year ago, drank
> all the beer, then turned in the cans for the aluminum recycling refund
> you would have $214.00.
>
> Based on the above, the best current investment advice is to drink
> heavily and recycle.
>
> This is called the 401-Keg Plan.
>
What a great read!..I'm still laughing.
CNOA is trading at 1/5x P/E based on 2007 earnings. Granted 2008 will be different depending on how the Dalian numbers are added (assume 4Q only) to the existing business (organic rice and rice re-sale) for this year.
But look at where some comparables are trading:
FEED has an EPS of 0.32, P/E of 25x and pps of 7.92.
http://finance.google.com/finance?q=NASD...
HOGS has an EPS of 1.06, P/E of 10x and pps of 10.49.
http://finance.google.com/finance?q=hogs
CNOA deserves to be much higher than where it is and the old CEO discount and declining earnings has ended imo. New CEO, focusing on the core, growing business is going to help this company back on track quickly; and with around $10mn in cash to acquire something that can add to earnings.
SENATE PASSES REVISED $700B FINANCIAL BAILOUT LEGISLATION; HOUSE EXPECTED TO VOTE ON BILL FRIDAY
SENATE PASSES REVISED $700B FINANCIAL BAILOUT LEGISLATION; HOUSE EXPECTED TO VOTE ON BILL FRIDAY
Nice upside potential from here!
With all the recent company developments, and no debt.....
cash is king.
CNOA is moving to the upper east side..$$$$$.
LOL... Ely, I hate to rain on your parade,
but your math should read $425.
Hey, we still have enough for the "block parties"..LOL.
CNOA staging a turnaround:..$0.37/share.
Press Release Source: China Organic Agriculture, Inc.
China Organic Agriculture Finalizes Terms for Acquisition of Dalian Huiming Industry Ltd.
Monday September 29, 8:31 am ET
New CEO Announces No CNOA Shares Will Be Issued as a Result of the Acquisition, Preventing Dilution
LOS ANGELES & JILIN, China--(BUSINESS WIRE)--China Organic Agriculture, Inc. (OTCBB: CNOA - News), a growth-driven agricultural products company, has finalized the terms for the previously announced acquisition of Dalian Huiming Industry Ltd. (“Dalian Huiming”) with the counterparty’s major shareholders. Dalian Huiming is a major agriculture products trading company with broad distribution throughout northeastern provinces of China whose product lines will substantially expand China Organic’s revenue building opportunities.
The terms of the deal will call for China Organic to acquire 60% of Dalian Huiming for $10.6 million in cash that, as stated in the second quarter financials, has already been deposited in a joint bank account with Dalian Huiming’s shareholders. No CNOA shares will be issued in relation to the completion of this transaction and the deal is scheduled to close after the fiscal third quarter.
Since the announcement of his appointment as Chief Executive Officer on September 24, 2008, Jinsong Li has already had several discussions with the major shareholders of Dalian Huiming to assure the deal gets finalized. One of his primary goals as new CEO is to finalize this, as well as future, acquisitions in a smooth and timely manner.
“Dalian Huiming is a highly profitable company and provides many synergies with our current business model,” said Mr. Li. “This acquisition will help CNOA further diversify its agricultural offerings and, based on the company’s sizable reach and influence in the Northeast’s agriculture market, help China Organic make further accretive acquisitions in the geographic area surrounding the city of Dalian.”
Dalian Huiming is engaged in grain procurement, trading, wholesale sales, and food delivery logistic services. It focuses on soybeans, corn, and cereal crops, which are major products from the northeastern part of China. Sales to consumers are made in regions including the provinces of Liaoning, Jilin, Heilongjiang, Sichuan, Fujian, and the cities of Beijing and Shanghai.
Dalian Huiming is one of the top-tier agricultural trading companies in the Northeast provinces of China with regard to net income. For fiscal year 2007, revenue was $40.2 million and net income was $2.7 million, a fourfold increase from the comparable period in 2006. China Organic expects to gain operating efficiencies through the acquisition, while also expanding the diversity of the products it offers.
"As I’m sure most investors of China Organic are aware, Dalian Huiming has been pending for quite a while,” said Mr. Li. “As CEO, it is my mission to ensure this acquisition closes as soon as possible. Both parties are in agreement and I assure that no CNOA shares will be issued as part of the acquisition of Dalian Huiming.”
About China Organic Agriculture
China Organic Agriculture is a leading producer and distributor in the agricultural industry in China. The Company's high-growth business plan is designed to enable it to capitalize effectively on China's burgeoning economy and expanding class of consumers with the ability to acquire upscale products. The Company has developed an extensive distribution network throughout many of China's major cities, including Beijing, Shanghai and Nanjing, and is positioned to leverage those networks to establish broad distribution of a number of agricultural, food and related premium products. CNOA has in excess of 6,260 acres dedicated to the production of green and organic rice, with an irrigation system fed from the Nen River, one of the last unpolluted rivers in China. The Company has experienced significant growth since its inception in 2002 and has implemented a number of strategic initiatives to expand sales and revenues. For more information, please visit: www.chinaorganicagriculture.com.
FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning estimates of, and increases in, production, cash flows and values, statements relating to the continued advancement of China Organic Agriculture’s products and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," and similar expressions are forward-looking statements. Although China Organic Agriculture Inc. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include, but are not limited to, those set forth in our reports filed with the Securities and Exchange Commission, together with the risks discussed in our press releases and other communications to shareholders issued by us from time to time, such as our ability to raise capital as and when required, the availability of raw products and other supplies, competition, the costs of goods, government regulations, and political and economic factors in the People's Republic of China in which our subsidiaries operate.
Contact:
China Organic Agriculture, Inc.
Steve Wan, 310-441-9777
stevewan@chinaorganicagriculture
The LIBOR rates, which stand for London Interbank Offered Rate, are benchmark interest rates for many adjustable rate mortgages, business loans, and financial instruments traded on global financial markets.
Explosive upside coming.
We don't need a daily PR machine that is a generator/pump/compressor spewing every little detail.
A ton of work is being done behind the scenes at S3.
Tomorrow we hit the fourth quarter. I believe we will see several very informative PR's soon ( with no fluff ).
"We expect A VERY BUSY LAST QUARTER OF 2008 FOR S3 and Redwood Capital, and my most recent trip to China further pointed up the significant opportunities for Redwood to work with quality companies there that are seeking entrance into the U.S. public markets," commented Mr. Bickel.
Goalie22, You get a person-mark from me.
Nice DD on your part.
Goldman, Your constant pumping here is scaring
potential new investors away.
This board looks like the typical pump & dump pinkie.
RNNM finished up 28% today. Nice surprise on a down market day.
After lunch, we will run to .0030+
may even go beyond .004 by close.
You are sitting on a gold mine...
No pun intended....yes it is intended..LOL.
Investor/traders turning to all types of GOLD PLAYS with this credit crisis....GOLD IS KING.
TSHL may have one HUGE upside run this week.
TSHL UP 240%...140M vol.
.0024 over 140 million shares.
AND THIS IS JUST THE BEGINING OF HUGE UPSIDE RUN THIS WEEK.
.0025 now. P/U some .0011 earlier....
FUN STOCK...Everyone is buying TSHL this morning.
This is a multi-bagger, just like the federal dollar bail-out printing presses running 24/7....LOL.
GOLD IS KING!
GREAT!!!!..TSHL is a great $$$$$ opportunity.
That is some unbridled pessimism
you have newbie...LMAO.
MM's have a ton of buy limit orders to fill at 13,14, 15, 16,17, ....a lot of folk have partial fills.
Huge upside....many will have to buy-in above the 2's
We may runnnnn for days here...imho.
YOU DON'T WANT TO BE ON THE OUTSIDE LOOKING IN.$$$$$$$$$
Loaded up on the dip .... .0011