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no idea as to what it closes at, probably go lower but nite must have quite a collection of ttxi shares imo
Hope they win, would set a nice precedent
He can't talk about TTXI on his radio show, and he won't pump the stock, I talked to him before and after his trip to China, he obviously feels confident about the deal and the company prospects, but would not give out inappropriate info. Shac also talked to IR last week http://www.investorshub.com/boards/read_msg.asp?message_id=1493116
TTXI chairman on the radio, says he can't talk about TTXI on the air but invites anyone wanting info to call him @ 201-768-2310
Gave me 5k partial fill @ .105 and the b/a ut after absorbing 45 an 40k sells @ .1
TTXI NITE gave 5k partial and ut the ask, bid ut also
SYTE has some CD's i think
I bought some more, but i can be a contrary indicator lol
Standard disclaimer, sometime these things take time, congrats to all who have made money on it. In addition to daytrading and position trading, i like to speculate on shell plays, I'll sit on this and add on dips, traders will get bored and sell, but IF the deal gets done and IF it's a good deal I hope to be selling at a much higher price but it may languish and drift down for now. JMHO
Could be but if and when deal is announce, you not gonna get any cheap shares, hopefully the deal gets done soon.
TTXI I added @ .11, hope i want it
ttxi CAN IT BOUNCE HERE GOT SOME @ .11
Hey, i like the way those guys think :)
Omni,where do you see the heaviest resistance pts. .175, .19, .30, .34 .38, .44 and then clear blue sky, seems lots of people who enter between .10-.14 would be taking profits @ .20-.25. I would love to see it close over .2 on 10m shares in volume. Would you consider first support to be .14, and .11
Speaking of IBC radio, isn't about time for that puppy to come up for air!
Hope it does a NEOM, 13 hrs. and 22 minutes till the open, how the heck will I sleep, lol, LRSY went to 1.50 on a LOI with a company in the bahamas that wasn't formed yet unreal
I'm with you on both post Shac, TTXI gonna be a wild ride I hope, I flipped some for a profit and ended up having to buy them back @ a slightly higher price. Omni's post makes a good point about gap and trap. What I have been seeing with this stock they start to run it, then spread it then tank it to get shares and run it back up before giving you a real chance to get you shares back. (ANYONE sees it differently, all comments are welcome as I learn more about this game every day. Every time i think I have it half way figured they change the rules!).All things considered, TTXI is one that may be worth the risk of holding for a little while, at least some of it. CCCI and CWLC that you mentioned in another post have very interesting charts. If Don can close the deal longs may be very happy so I am going to throw at least half of mine in the back room. Of course these things usually do exactly the opposite of what I think they will but China plays can be hot. Monday's trading should be interesting to say the least. Traders or longs, Good luck to all. :)
Yes sir, broke out @ .14 on friday they run it up, spread it, trap is sprung, shake it for all it's worth, and eod it closes back up. Seems this one has followed that pattern more than once. No blinking on this one :)
MAMH ut, now they need to bring up the bid
CLSY, has had volume lately, hoping it's headed to a penny or better soon
budh what's up there
Very well could be, this should hit some radars over the weekend, imo. it's a long way from it's year high, time will tell
FLCR just took out yesterday's volume, now needs to get through .06 jmho
The phantom still around lol
FLCR .06 small wall
flcr ut nite on the bid
clsy 2x1 anyone else in it
FLCR joined you in this one FLCR -- FullCircle Registry, Inc. (NV)
Com ($0.001)(New)
Address:
2310 PNC Plaza
Louisville
KY 40202
USA
Phone: 502-540-5112
Company Website: http://www.fullcircleregistry.com
Officers:
Steven A. Whitten, CEO; W. Garriott Baker, Pres.
Shares Outstanding: 22,526,030 as of 2003-03-31
Estimated Market Cap: 878,515 as of 2003-09-25
CLSY they dt the bid on two buys @.005, 004x005 1x1 nite on the ask
CLSY bid ut 1x2 on watch for now
AASP Old news but stock actually traded today- New Management Team Takes over Las Vegas Sports Park Complex
Sep 09, 2003 (Las Vegas Review-Journal - Knight Ridder/Tribune Business News via COMTEX) -- Hoping to slam a home run where others struck out, a new management team believes a change in business strategy can soon revive the former All-American SportPark complex.
Located at 121 E. Sunset Road just east of Las Vegas Boulevard South, the nearly $40 million project has been largely dormant since May 2001 when developer All-American SportPark Inc. ceded control of the site to landlord Urban Land Co. of Nevada to help pay off debt.
Though some consumers still use the park's batting cages and other outdoor amenities, its 100,000-square-foot main building has been closed for more than two years.
Southern California businessmen Donald Bredberg and Larry Steinberg believe they've found a diamond in the rough, however. They see the complex's indoor climbing wall, 3,000-seat concert area, putting green and various food and beverage areas as ideal places for staging midsize public meetings, private parties, sports fantasy camps, concerts and other special events catering to big-time gamblers, conventioneers and other VIPs who frequent local casinos.
"We think this is going to be the coolest special-events place on the West Coast," Bredberg said. "We can really serve that midlevel marketplace for outside meetings, and every convention that comes to town has parties. We're really going after that."
To that end, Bredberg has partnered with Steinberg to form Elite Entertainment, a new company that will focus its marketing efforts on premium casino players and high-end travelers. They hope the newly christened Sports Center Las Vegas will serve as the initial marketing tool to boost their joint venture.
Bredberg's background includes stints at Universal Studios' CityWalk attraction as well as the development of some of the Fashion Show mall's entertainment amenities. For the past four years, he's headed Adventure Studios, which creates and manages specialized travel packages and events.
Through his Global Casino Management company, Steinberg has spent the past two decades developing customer marketing programs for casino clients that have included Caesars Palace, Bally's and the Desert Inn. He believes his familiarity with the high rolling-set will help bring business to Sports Center Las Vegas.
"We're going to be doing major presentations to all of these customers," said Steinberg, who said he possesses a database with the names of more than 26,000 premium gamblers whose average credit line exceeds $20,000.
Rather than competing with casino hosts, Steinberg believes the Sports Center's unique amenities will allow Elite to work with established local companies such as MGM Mirage and Mandalay Resort Group.
"It's a change of venue," Steinberg said of the site's potential attractions to casino players.
Bredberg added other events may be marketed directly to prospective clients without partnering with any local casino operators.
"People come here to play golf; they go to the Grand Canyon excursions," Bredberg said. "We're simply looking for another thing for people to do that would be fun."
The center's outdoor amenities will no longer be the main attraction, but Bredberg said Urban Land Co. has not decided to shut down those elements of the complex for public use.
"It will be a very small percentage of what we're going to be doing," Bredberg said.
Financial terms of the venture weren't released, but Bredberg added the company has financing in place to push forward its plans. Elite is already in negotiation for eight events by the end of this year, and Bredberg said he hopes to operate a full schedule in 2004.
By Chris Jones
PGHI 2X1 NOW
pghi 2X2
PGHI KNOCK DOWN THAT WALL
Anyone else see this article
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Posted by: sprintcar
In reply to: None Date:9/25/2003 4:08:38 PM
Post #of 5488
SEC Reported Ready to Crack Down on Naked Shorters /
September 25, 2003. (FinancialWire) The Securities and Exchange Commission will consider changes to short-selling rules this fall, looking to ease restrictions on short-sales of big companies while tightening them for small firms, reports the Dow Jones (NYSE: DJ) newswires.
"It's expected that the commission will consider short selling reforms in the next few months," SEC market regulation division director Annette Nazareth said in a telephone interview with Judith Burns, a reporter for Dow Jones.
If approved, said Burns, the SEC would lift restrictions on short-sales of the largest U.S. corporations on a trial basis while imposing more controls on short sales of stocks traded in the over-the-counter Bulletin Board. Burns said the SEC has received more than 2,700 letters on the subject, many of them from small companies that say they have been victimized by manipulative short selling.
Burns states that short-selling, which involves selling shares of borrowed stock, isn't illegal, but has been subject to SEC oversight since the 1930s. However, naked short selling, in which no settlements occur, is illegal.
Burns said SEC rules now allow short sales of exchange-listed stocks only when the stock price is rising. This "tick test" has come under scrutiny since U.S. markets began pricing stocks in decimals, rather than fractions. Critics of the short-sale rule say decimal trading has resulted in fast-moving price swings that make it hard to tell whether the last price was an uptick or downtick. However, none of these rules apply to the over-the-counter bulletin board marketplace, which was the subject of several resolutions advanced this past week at the annual SEC Small Business Forum by the CEO Council.
"A tick test makes very little sense" in today's world, Burns quoted Howard Kramer, a former SEC associate director, now a partner with the Washington law firm of Schiff, Hardin & Waite.
Burns said the SEC staff is expected to propose scrapping the tick test and replacing it with a bid test already in use in the Nasdaq Stock Market. That would allow short-selling if the last bid - an offer to buy a stock - is higher than the previous bid. Advocates say that would make the short-sale rule easier to apply and give short-sellers more flexibility.
In a more dramatic move,Burns said the SEC will consider an experiment that eliminates the bid and tick tests for short sales of the most actively traded stocks. After a trial period, the agency would decide whether such restrictions should be removed permanently for certain large-cap stocks.
However, Burns did not say whether the “most actively traded stocks” applies only to the large caps, since many OTCBB and pink sheet stocks trade more actively than those on the big boards.
She did sy that “new restrictions on short sales of smaller companies are also being contemplated in an attempt to curb ‘naked’ short sales,” the subject of a series in FinancialWire for the past ten months.
“Short sellers profit when stock prices decline because they can replace borrowed securities at a lower price. A naked short sale occurs when the short seller doesn't intend to borrow and deliver stock to settle the trade,” said Burns. She quoted Kramer as saying the practice "is a problem and should be regulated."
To combat such abuses, the SEC will look to increase borrowing requirements for some short sales and call for stronger enforcement, including late charges or other financial penalties for short sellers who fail to cover short positions by the settlement date, said the Dow Jones. "It will address problems that we have seen with naked short selling," said Nazareth, in what appears to be the first admission by an SEC regulator that naked short selling is occurring.
“Such changes would be welcome news for small companies who say the SEC hasn't done enough to combat manipulative short sales,” said Burns, in what may be an understatement.
Burns noted Wednesday’s story in FinancialWire regarding Universal Express Inc. (OTCBB: USXP), which operates private postal stores and offers luggage-delivery services, is so fed up it is urging shareholders to complain to Congress about short-selling abuses.
"We're going to declare war on the naked short sellers," Universal Express President and Chief Executive Richard Altomare told Dow Jones Newswires a day after he was quoted in FinancialWire on the same subject. “He said he isn't opposed to legitimate short sales, but believes naked short selling is a national scandal that is costing investors millions of dollars in annual losses,” said Burns.
“Altomare has seen the problem up close, as Universal Express stock skidded from more than $2 to just pennies a share in 1998. Altomare said the company was attacked by manipulators who used naked short sales to drive the stock into the ground.
“New York-based Universal Express fought back and won $526 million in judgments in two jury trials in Florida, including $275 million in punitive damages. It has yet to collect the funds,” concluded Burns.
There are 117 public companies that have so far been touched by the growing national financial scandal.
Some thirteen on the list of 117, such as A.G. Edwards, Inc. (NYSE: AGE), Ameritrade Holding Corp. (NASDAQ: AMTD), Deutsche Bank AG (NYSE: DB), E*Trade Group, Inc. (NYSE: ET), FleetBoston (NYSE: FBF), Goldman, Sachs & Co. (NYSE: GS), Knight Securities, LP (NASDAQ: NITE), Ladenburg Thalmann & Co., Inc. (AMEX: LHS), M. H. Myerson & Co., Inc. (NASDAQ: MHMY), Olde / H&R Block (NYSE: HRB), Charles Schwab (NYSE: SCH), Toronto-Dominion’s (NYSE: TD), TD Waterhouse Group and vFinance, Inc. (OTCBB: VFIN), have been accused by one or more public companies as allegedly participating in short selling activities or abuses, or of failing to settle trades.
Observers have said that trades to not settle because broker-dealers do not effect buy-ins, as required by law, and that there is an unspoken understanding that any brokerage that tries to force a buy-in will be retaliated against.
The remaining 104 companies have issued press releases or been named in the media as having been victimized, or as taking various actions, either alone or in concert with other companies, to oppose manipulative trading in the form of illegal naked short selling. The actions have ranged from lawsuits to withdrawals and threatened withdrawals from the electronic trading system managed by the Depository Trust & Clearing Corp., to withdrawals from toxic financings, to the issuance of dividends or name changes designed to squeeze manipulators, to joining associations or networks or to contacting regulatory authorities to provide documentation of abuses or otherwise complain.
On June 4, the SEC stated “the issues surrounding naked short selling are not germane to the manner in which DTC operates as a depository registered as a clearing agency. Decisions to engage in such transactions are made by parties other than DTC. DTC does not allow its participants to establish short positions resulting from their failure to deliver securities at settlement. While the Commission appreciates commenters' concerns about manipulative activity, those concerns must be addressed by other means.”
Nevertheless, short positions do in fact exist due to failures of the electronic settlement system to balance their electronic books, and the SEC has provided shareholders and small companies with no inkling of what the Commission has in mind in “addressing” these concerns “by other means.”
Recently the NASD revealed its plan to stop the practices that have ravaged these public companies and their shareholders – a wrist-slap to perpetrators such as Paragon Capital Markets, which was “censured” and fined $35,000 after the NASD said it had “executed short-sale orders in certain securities and failed to make an affirmative determination prior to executing such transactions.”
The complete list of those 104 companies include Advanced Viral Research Corp. (OTCBB: ADVR), AdZone Research, Inc. (OTCBB: ADZR), Amazon Natural Treasures (OTC: ANTD), America's Senior Financial Services (OTCBB: AMSE), American Ammunition, Inc. (OTCBB: AAMI), AngelCiti Entertainment (OTCBB: AGLC), ATSI Communications, Inc. (OTC: ATSC), Federal Agricultural Mortgage / Farmer Mac (NYSE: AGM) Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTC: AMDR), Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), BIFS Technologies Corporation (OTCBB: BIFT), Biocurex (OTCBB: BOCX). Broadleaf Capital Partners, Inc. (OTCBB: BDLF), Chattem, Inc. (NASDAQ: CHTT), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), CyberDigital, Inc. (OTCBB: CYBD). Diamond International Group (OTCBB: DMND), Dobson Communications Corp. (NASDAQ: DCEL), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH);
Also, Endovasc Ltd. (OTCBB: EVSC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), EPIXTAR Corp. (OTCBB: EPXR), eResearchTechnologies, Inc. (NASDAQ: ERES), Flight Safety Technologies (OTCBB: FLST), Freddie Mac (NYSE: FRE), FreeStar Technologies (OTCBB: FSRCE), Geotec Thermal Generators, Inc. (OTCBB: GETC), Genesis Intermedia (OTC: GENI), GeneMax Corp. (OTCBB: GMXX), Global Explorations Inc (OTC: GXXL), Global Path (OTCBB: GBPI), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), International Broadcasting Corporation (OTCBB: IBCS), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Investco Corp. (OTCBB: IVCO), Lair Holdings (OTC: LAIR), Lifeline BioTechnologies Inc. (OTC: LBTT), Life Energy & Technology (OTCBB: LETH), MBIA (NYSE: MBI);
Also, MegaMania Interactive (OTC: MNIA), MetaSource Group, Inc. (OTCBB: MTSR), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), Medinah Minerals (OTC: MDMN), MSM Jewelry Corp. (OTC: MSMC), Nanopierce Technologies, Inc. (OTCBB: NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator Ventures (OTC: NVGV), Orbit E-Commerce, Inc. (OTCBB: OECI), Pitts & Spitts (OTC: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), PayStar Corporation (OTC: PYST), Petrogen Corp. (OTCBB: PTGC), Pinnacle Business Management (OTC: PCBM), Premier Development & Investment, Inc. (OTCBB: PDVN), PrimeHoldings.com, Inc. (OTC: PRIM), Phlo Corporation (OTCBB: PHLC), Resourcing Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMECE), RTIN Holdings (OTCBB: RTNHE), Saflink Corp. (NASDAQ: SFLK), Safe Travel Care (OTCBB: SFTVV), Sedona Corp. (OTCBB: SDNA);
Also, Sionix Corp. (OTCBB: SINX), Sonoran Energy (OTCBB: SNRN), Starmax Technologies (OTC: SMXIF), Storage Suites America (OTC: SSUA), Suncomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ: SPRI), Technology Logistics (OTC: TLOS), Swiss Medica, Inc. (OTCBB: SWME), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Titan Construction (OTC: TTCS), Trezac Corp. (OTCBB: TRZAV), Universal Express, Inc. (OTCBB: USXP), Valesc Holdings, Inc. (OTCBB: VLSHV), Vega Atlantic (OTCBB: VGAC), Viragen (AMEX: VRA), Viragen International (OTCBB: VGNI), Vista Continental Corporation, (OTCBB: VICC), Viva International (OTCBB: VIVI), Vtex Energy (OTCBB: VXENE) and Wizzard Software (OTCBB: WIZD), WorldTradeShow.com (OTC: WTSW) and Y3K Secure Enterprise Software, Inc. (OTCBB: YTHK).
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Wonder what would happen if the SEC could and would make the MM cover their short positions in all those pos. lol
If it gets past .005 you really gonna be happy, would like to see nite @ .0051 take a hike