full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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OT: List of Peak Oil Sites:
http://www.peakoil.net/PeakOilSites.html
Interview with Mark Faber by Bill Powers:
Another gloomy outlook for US in 2005 (refers to oil/gas prices, outlook for Asian economy vs. US, etc.)
http://www.financialsense.com/editorials/powers/2005/0102.html
OT: Really miss the "OT" radio button on RB. Maybe we need another board called VM - Miscellaneous Drivel & Blather.
Enjoyed the discussion on selection of screening criteria but the endless rant about something as simple as dilution was OT all the way.
Yeah, I'm cranky this early in the AM, especially when I think the portfolio could be heading down later in the day.
Past Tense on ISAC would be correct. Sold about a buck below here. Ah well, TGA and TVIN and MANC continue keep me "up" today anyhow.
Analyst coverage would be great, but TVIN earnings need to pick up the pace to take it back over $6 in '05. Still, if the analyst puts out a BUY with a price target above $6 in '05, that should help set a new floor.
Biggest thing TVIN HAS TO DO is sell enough product to get strong year-over-year earnings increases. I still hold some TVIN and hope coverage is positive. Maybe it will act like TGA for a few days.
Of course, a STRONG BUY wouldabeen better.
IPII announcement is still a few weeks away. My understanding is that CGIH was formed by buying a shell vs. IPO, therefore, there is some cleaning up of the books to meet listing reqs. Prior owner of shell still owns shares, so that fact (how many shares, where, ownership) may be the stickler in the filing paperwork.
AVII (stem cell company) took off today after announcing a new patent. Now at 3.46, up 1.42.
Wowsa!
I agree DAAT will be higher a year from now. However, DAAT tends to linger in the quarters with lower revs, that is Q1-Q3, so sell some here and buy back later to use your money elsewhere.
I 'preciate U 2, O'bargain
The SWTX sky is not falling... also glad to see TGA was able to get back up after falling down earlier today.
Don't let FUD factor win out.
SWTX dropped, people headed for exits. Now it has rebounded.
TGA took off to upside on heavy volume, then reversed and hit low of $5.50ish, but I would conjecture that we will bounce from here after FUD factor has played out. TGA is destined for higher highs after reporting revised reserve estimates in first week of February. This correction (on low volume) appears to be a short term opportunity, just like the push to $6.10 was overdone this AM.
All I'm really trying to say is TGA this afternoon is acting like SWTX did this morning. I expect TGA to bounce (maybe not today, but sometime in the next 3 weeks for sure).
JMHO - stockpeeker
Anyone have a clue what to expect from FORD (that's the symbol, not the car company)?
I think they may report earnings this week.
stockpeeker
PKZ operational update
http://biz.yahoo.com/prnews/050118/to194_1.html
California Department of Forestry Awards Contract Valued at $5.4 Million For RELM BK Radio Products
Tuesday January 18, 8:30 am ET
How far did TGB drift down in Canada on Monday?
SpongeBob (I probably like your knickname more than you, huh?), when I spoke to Lloyd H. last week, he did refer to partnering with Centurion there in Egypt. Centurion has been working with Egyptians for a long time and have an excellent relationship. He also said the Egyptian officials checked TGA's Yemeni contacts to make sure that TGA's made up of a bunch of good ol' boys that know how to work an oil field and maintain a mutually beneficial relationship with the government of the host country.
Best Regards,
stockpeeker@gmail.com
Hey guys, I need a quick answer. Is the market closed Monday? I hope it is, so I can take a break. I've been working my arseoff all weekend long (you know how it goes when you're married).
Have a great week, all of ya.
stockpeeker@gmail.com
Any opinions as to probability that EGSRE will lose the trailing "E" anytime soon? I haven't seen anything to indicate the audit info was filed. Would appreciate any info you may be able to offer.
Of course the risk is that EGSRE would just quietly stop trading due to lack of meeting filing reqs timely.
Fruit of the LOOM?
Actually, I just wondered what you are doing with your EGSRE? Are you still holding all or letting some go here?
I agree that when the chickens leave the coop, SWTX will continue higher. I am optimistic, like you, that there was a severe misinterpretation of one slide that was "chatted" into a selloff today. The buyers today ARE probably some of the Needham clients.
I also believe SWTX has screwed up by letting the misinterpretation be posted out there for the negative reaction.
JMHO -
stockpeeker@gmail.com
Oh Yeah, the cow's name is Mmmmmarket MOOOOOver.
Oh, I'd like you to meet my good friend RALLY FROG !!!
Bought some SWTX at 1.30 this AM. I like the way they sputter!
TGA is fine today, which eases my pain on SWTX drop. Now if SWTX will just get flubber-coated and BOUNCE, I'll be one happy camper.
Salutations!
Anybody know the name of the Needham analyst that covers SWTX? He's the guy that can tell you what was said yesterday.
I'll call him if somebody can get me his name/phone#.
stockpeeker@gmail.com
Nuts, sold my ISAC last week. Nice run today. Expensive jeans were selling in 2004 like hotpants in the 70s.
RRainman, sorry to get back to you so late. Did get thru the HQSM info but decided not to invest in that one. Maybe I ate too many greasy fish sticks as a kid. Maybe I'll live to regret not liking the looks of tilapia.
And on the more serious front, I'd need to sell some things to raise some cash first.
Regards,
stockpeeker
GMXR took off today after news yesterday of increased reserves.
Could be a foreshadowing of how TGA will react in three weeks when reporting their independent assessment of estimated and proven reserves.
Here's the GMXR news (Wednesday) that took it up some Wednesday plus another 10% today:
_______________________________________________________
GMX RESOURCES INC. Announces Year End Proved Reserves 64.3 BCFE Beat Estimates and Re-Completions Exceeded Expectations
Wednesday January 12, 10:13 am ET
OKLAHOMA CITY, Jan. 12 /PRNewswire-FirstCall/ -- GMX RESOURCES INC., (Nasdaq: GMXR - News; Warrants: GMXRW), (http://www.gmxresources.com ); GMXR announced today that its estimated proved reserves grew 21% from 12/31/03 to 64.3 BCFE at 12/31/04 and GMXR's reserves are now 88% natural gas according to its independent engineer, Sproule Associates Inc. The 64.3 Bcfe in proved reserves exceeded the Company's recent published internal estimate of 62 Bcfe. A significant part of this increase is as a result of additional proved reserves established by eight successful re-completions in the last 11 months and the 17 gross (5 net) wells that were drilled in 2004 in the Company's joint venture development. Also, 4th quarter production is estimated at 421 MMCFE, which is an increase of 76% over the 4th quarter of 2003 and up 33% from the third quarter of 2004. "We plan to continue the re-completion effort and new drilling in 2005. Additional types of low cost projects as well as Travis Peak/Pettit twins should continue to add reserves to our East Texas development play," stated Ken L. Kenworthy, Jr., CEO of GMXR.
GMX RESOURCES INC. is an independent natural gas producer, headquartered in Oklahoma City, Oklahoma. GMXR has interests in 67 gross/44.9 net producing wells in Texas, Louisiana & New Mexico. GMXR also has a large inventory of development prospects in North Carthage Field of East Texas as follows: 67 gross- 39 net Cotton Valley Sand (CVS) proved undeveloped wells, 113 gross- 74 net CVS probable locations on 160-80 acre spacing and 275 gross- 150 net probable CVS locations on 40 acre spacing. The Company's strategy is to significantly grow production, grow its natural gas reserves and build shareholder value.
This is true; spoke to Lloyd today. It sounds like operational update will be released officially in next couple of days as operational update. See RB note. Also, he mentioned that AN#14 is across fault from existing field, so exploration results there would not be continuation of existing. Harmel is done... they will evaluate production from #1 and #2 for about 6 months to determine feasability of field development. If so, would be a dense field of shallow grasshoppers.
stockpeeker
Roll, Ross, Roll ... Another One, just like the other one...
nit nit nit ... whomp ... whomp
Thought on SIM: Compare to IIIN, which also seems to have gone up and down the same way as SIM. Both are good (and profitable) trading candidates.
Pick one, or pick them both for playing the steel bounce with diversification. I just traded IIIN for a nice bounce Monday-Tuesday (thank goodness I got out yesterday). If I had the cash I'd be playing a steel bounce again. Good play, if you can make steel bounce!!!
OT: Kozuh, as I recall, my old stock broker used to "pat" me on the back like that all the time.
NOPE, the trade must have been $3.20 but got entered at $2.30 is the only thing that makes sense to me.
GOOOO DAAAAAAT. Cat must be out of bag on strong Dec revenue numbers.
As I recall, Needham is also the only analyst following SWTX.
Eh, Louisville slugger was clever enough, but DAAT uses Little "Rock".
DAAT volume up! Must be just about to publish their December revenues for all to see. Looks like NWAU sellers are trying to get on DAAT wave.
waddle waddle YEP waddle waddle WHAP!
Bob, I think you are starting to believe your own thoughts just because you're the one that thunk it.
With all due respects, I used to do contract work for Manheim Auctions. They are owned by Cox Enterprises (just took themselves private) and run most of the biggest auto auctions in the country, and they are expanding internationally. The auction business is mucho profitable. Large lots like Carmax are also mucho profitable.
NWAU is still a story stock, just like TASR. You are talking about NWAU like you caution us about over-hyping DAAT.
Beware of your own smiling face in the mirror.
Respectfully,
stockpeeker
PS> I wish I'd bought NWAU. I didn't, but if I had I would have sold by now for sure.
Bob, you still own NMKT, or did you give up on this fast growth company? I went with DLGI over NMKT, but NMKT yesterday forecast tripling of revs in '05. It's not "Value" yet, but if it ever becomes that it could become a zipcodechanger.
Also wondering if you ever looked at JADE (just over $3/sh), which expects earnings to go from 10cents in '04 to 30cents in '05.
Thanks
Just wondered who's selling on strength vs. moving cash into beaten down microcaps? We had a strange day today with energy and overall market strong then collapsing by the close. Made me think of the term "sucker rally".
Any Technical gurus out there or esteemed opinions as to what we should expect?
At this point, it's looking like January effect is looking to take us down a bit further.
Anybody seeing any great reasons for optimism on Value Microcap market vs. general market?
Regards,
Can you point me to Kevin Kennedy article? I couldn't find him on CBSMarketwatch list of commentators.
MANC just dropped hard again today after being up strong this AM. Channel stock with fundys to boot.