buys stock in bulk! Stock up and save!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The second the news comes out I'll be the first to throw a $3-4k up to buy out the asks. You know dang well that the stock will be an instant 5-10 bagger.
Dan is working on acquisitions...As good as Baja has been to WNRC shareholders the next few should be as good, if not better. JMO.
Squeezed some profit on some sales...bidding WNRC for now. IMO, the stock market is going to tank, WNRC is an EASY flight to quality play. People will always find a way to pay their cable bill.
I for one have been surprised to see LNDC holding this long. Maybe, just maybe it can make a move to $7.
Stellar call Rhino ;)
While I think China is in for more downturns as with most of these funds even if you bet the right way, you get taken out. Most of these all go to zero and this is proving to be no different. Can only play this for a 1-5 day run.
Got a 1 week outlook on DJIA and IXIC? Going to be an interesting week here with the political shenanigans between Congress and Obama. Could see a few -2% days in a row.
Hanging in there. Got to realize opportunities like this take some time. I believe the true Issued/Outstanding to be somewhere around 70-75 Million Shares...still TINY. News is what is going to drive this. Spoke with the company. They are actively moving forward. Have to realize companies don't go from $0 to $1 in a matter of days/weeks. SUGO will move forward here and is probably meeting other companies for better financing now that they already have one ready to go. Just my guess.
This die out?
I'm thinking MUCH higher. No one is talking about the 25+ Million shares that have to be deleted. ;)
Haven't been through ELKO in years, but I don't mind being the Biggest Fish in a small pond (or multiple ponds). WNRC is trucking along.
Gold Advances Above Record $1,600
http://www.bloomberg.com/news/2011-07-18/u-s-commodities-day-ahead-gold-advances-above-record-1-600.html
LOL, that was FUNNY! Well, we all know how to find the Hamiltons...and I guess that is all that matters :)
Waiting on the news. Money in the bank and we have a completely new stock here.
Wrong one. My name doesn't have a space in between it. Got to remove that one and copy/paste me.
The only one who made money here was Dustin's wife when she divorced him and sold millions of shares above $10/share.
Hamilton's are nefarious as can be. SEC filings clearly show they were passing more than 10% of the shares off to individuals in the Bahamas who are not qualified to help the business. These individuals IMO were selling stock into the volume and sending money back to the Hamiltons.
Same old story, just a different stock. CEOs abuse the rules and the shareholders get screwed.
Hamilton's never answered phone calls or emails then one day just go off and start a motorsports company with a our money. Crooked.
LOL, make me an assistant mod so I can copy their deleted personal attack.
It's climbing? To where? Haven't seen this break $.19.
As a mod you can repost it. The Hamiltons are swine as far as I am concerned. IMO, sold a bunch of stock through a "consultant" in Bahamas. Turned around and bought a "motorsports" dealership and numerous other toys.
As CrOOkeD as they come.
CHANGE YOU CAN BELIEVE IN...
Well...here is the change. - And people still love Obama.
http://www.reuters.com/article/2011/07/15/sp-us-idUSL3E7IF0JL20110715
* S&P warns it could cut U.S. rating as soon as this month
* Statement comes a day after Moody's warning
* Might also cut if any deal does not stabilise debt outlook
* Market reaction muted in Asia, Treasury yields creep up
By Wayne Cole
SYDNEY, July 15 (Reuters) - Ratings agency Standard & Poor's has warned there is a one-in-two chance it could cut the United States' prized AAA credit rating if a deal on raising the government's debt ceiling is not agreed soon.
Putting the U.S. on negative watch, S&P warned that it could cut the rating as soon as this month if talks between the White House and Republicans remain stalemated. Any cut would be by one or more notches, it added.
The dollar fell on the news. U.S. Treasuries were largely steady.
John Chambers, the chairman of S&P's sovereign ratings committee, said "this is the time" for the two sides to tackle the country's long-term debt problems.
"If you get a small agreement, that will lead to a downgrade," he told Reuters in an interview.
A downgrade could raise borrowing costs not only for the United States but also for loans that use the Treasury rate as a benchmark.
Some money managers that are restricted to investing only in AAA-rated assets would be forced to dump Treasuries, which could spread disruption through global financial markets.
The S&P warning comes just a day after Moody's Investors Service warned the U.S. may lose its top-notch credit rating in the next few weeks if lawmakers fail to increase the country's legal borrowing limit of $14.3 trillion and the government misses debt payments.
The deadline to raise the ceiling is on August 2.
"Today's CreditWatch placement signals our view that, owing to the dynamics of the political debate on the debt ceiling, there is at least a one-in-two likelihood that we could lower the long-term rating on the U.S. within the next 90 days," the agency said in a statement.
"We have also placed our short-term rating on the U.S. on CreditWatch negative, reflecting our view that the current situation presents such significant uncertainty to the U.S.' creditworthiness," S&P said.
"Further delays in raising the debt ceiling could lead us to conclude that a default is more possible than we previously thought. If so, we could lower the long-term rating on U.S. government this month," S&P said.
U.S. Treasuries reaction was generally muted, perhaps because Moody's had already raised the possibility of a downgrade. Dealers said the market might also be hoping that the pressure from the agencies would jolt U.S. lawmakers into reaching a deal.
As a result, Treasury prices dipped only modestly, lifting 10-year yields to 2.97 percent from 2.92 percent late in New York on Thursday.
The dollar fell against the euro to a session low of $1.42 before pulling back a bit to $1.4180. Dealers said the market was wary of buying the euro ahead of the results of Europe-wide stress tests on 90 banks due later Friday which could force some to seek state aid.
"Markets won't be able to shrug this off completely," said Adrian Foster, head of financial markets research for Asia Pacific at Rabobank International in Hong Kong.
"But the United States is in a different position from other countries. This is not some fiscal reform programme that they have to put in place. This is just political machinations.
"It has less of a market impact, because we're programmed to think the political machine will come through at the end of the day."
So protracted has been the wrangling over the budget that S&P warned that even if there was a deal done on raising the ceiling, it might still cut the rating if it was not convinced the agreement went far enough to address medium-term debt strains.
"If an agreement is reached, but we do not believe that it likely will stabilise the U.S.' debt dynamics, we, again all other things unchanged, would expect to lower the long-term 'AAA' rating, affirm the 'A-1+' short-term rating, and assign a negative outlook on the long-term rating," said S&P.
The S&P statement showed the need for Congress to act to raise the debt limit, Jeffrey Goldstein, the U.S. Treasury's under secretary for domestic finance, said in a statement.
"Congress must act expeditiously to avoid defaulting on the country's obligations and to enact a credible deficit reduction plan that commands bipartisan support," he said. (Additional reporting by Walter Brandimarte in New York and Reuters bureaus in Asia; Editing by Balazs Koranyi and Neil Fullick)
W@G2 07/13/11 for a 07/15/11 close
59.00 rayrohn
57.26 Kookiekook
57.08 paulgmx1
56.68 EquityTrader
Gold Spikes to New Record on QE3 Talk, Corn Surges
Testimony by Fed Chairman Ben Bernanke fueled gains in gold and silver, while hot weather boosted corn and soybeans.
Gold surged to a record $1,587.97/oz on Wednesday, finally breaking through the previous $1,577.57 high set back in May. But the catalyst wasn't more worries related to Europe's sovereign debt crisis. While those have not gone away by any stretch of the imagination, today's move was thanks to Bernanke's testimony to Congress.
In his remarks, Bernanke said, "... economic weakness may prove more persistent than expected ... implying a need for additional policy support." He went on to say that the central bank had "a number of ways in which (it) could act to ease financial conditions further." Among those options was the possibility of initiating more securities purchases. In other words, a third round of quantitative easing (QE3).
These comments come on the heels of yesterday's minutes for the June FOMC meeting, which indicated that a few members of the committee saw additional stimulus measures as a possibility in the event that U.S. economic data remains weak.
The combination of QE3 speculation, lingering European debt worries and a fast-approaching deadline for the U.S. to raise its debt ceiling was the fuel that led to this latest spike in gold prices.
Silver also spiked an impressive 5.5%. Prices are now above $38, near the upper end of their recent range.
On the whole, commodities rose to a four-week high, as measured by the S&P GSCI.
In addition to the aforementioned QE3 news, the latest data from China provided support. China's National Bureau of Statistics announced that the country's economy expanded by 9.5% year-over-year in the second quarter, above the consensus estimate of 9.3%, though that was down from the 9.7% seen in the first quarter.
Data on industrial production and retail sales were also better than expected, suggesting that growth in the world's second-largest economy remains robust despite persistent monetary tightening by authorities.
Brent crude oil prices edged up near $119 on the back of the day's positive news flow. The Energy Information Administration Weekly Petroleum Status Report was seen as fairly neutral. Total petroleum inventories rose seasonally. Separately, the International Energy Agency raised its demand growth forecast for this year to 1.2 mmbbl/d from 1 mmbbl/d.
Corn and soybeans rose for the fifth straight session, sending prices as high as $7.40/bushel and $13.92/bushel, respectively, or the best levels since June 15. "The threat of hot, dry weather is driving traders to add risk premium to the corn and soybeans markets," said one analyst.
Yesterday's USDA World Agricultural Supply and Demand Estimates report was seen as bullish for corn in particular. The USDA now expects 870 million bushels of corn in U.S. inventories before next year's harvest, up from the prior month's 695-million-bushel projection, but below the 1 billion bushels that was expected.
http://seekingalpha.com/article/279338-gold-spikes-to-new-record-on-qe3-talk-corn-surges
100 QQQ $57 AUG PUTS :)
Pretty weak effort today to rally the market.
Been out all day...crazy big trade for WNRC.
A little quiet here. Should be getting Quarter numbers here soon, right?
I picked up a few more on Friday too. August and September PUTS on QQQ...Not up 144%, but VERY happy with where I am at :)
How much is absurd? :) Wondering what I have ;)
I find it hilarious you don't know anything about Hamilton Trust, since that is listed in many documents with regards to RFNS. I wouldn't trust a Hamilton as far as I could throw one.
Kevin Hamilton is the trustee of the "Kevin Hamilton Family Trust" which owns Galaxy Galleria.
Also find it funny you aren't listed as a board member of RFNS. Are you a brother? uncle? nephew? cousin? of the infamous Hamilton Brothers who sucked money from all of these investors?
http://www.reuters.com/finance/stocks/companyOfficers?symbol=RFNS.PK
Who cares...SUGO is going to go big soon enough :)
SUGO IS LOOKING GREAT!
The way I look at it... $1,800 buys you 100,000 shares.
The company has a market cap of LESS than $2 Million. When they get $15 Million it should at minimum (IMO) bring the market cap up to $12-20 Million. Money for growth tends to do that for a company.
So, that $1800 could become worth $12,000-20,000.
Not that hard of an argument to make. Even the negative nancies can't argue against owning a company with $12-15 Million cash to grow their business.
Hope so...got PUTS on the QQQ ;)
I'll be buying more SUGO here soon. And, you know I will back it up :)
Nope. BHP tried to sneak the property away from the owners. The owners then sued and reclaimed their rights. Having said that...the mountain SUGO has staked out has BILLIONS of dollars worth of Gold, Silver, Zinc, Copper, etc. and has been a proven area for mining. SUGO's market cap is only $2 Million. It could run like a mutha.
http://sungrominerals.com/FAQ.php - A MUST READ WEBPAGE!
How did Sungro get involved with the prospectors? And How did Sungro Minerals get involved with Conglomerate Mesa?
The two questions are related. The prospectors had staked the claims that make up our Conglomerate Mesa project. Originally they entered into an agreement with BHP Billiton. After several years, they found that some of the documents that BHP had requested they sign actually undermined their contractual rights to future payments. They sued BHP and after a 5 year battle, were awarded back all of the claims by the court. During the discovery phase of the trial, all of the historical documentation on exploration and development were provided to the prospectors. Subsequently, the prospectors entered into an agreement with Timberline. Timberline defaulted on their payments to the prospectors and ultimately lost the rights to continue exploration and development of the site. After winning back their claims, they contacted our Consultant who had spoken with them a number of years before and had proposed an alternative to fund development of the project. They contacted him, and he arranged for the claims to be assigned to Sungro Minerals. Sungro has been working to complete the necessary exploration and ultimately bring the project to production for the last two years.
If you wanted 100,000 SUGO I'd just bid $.018 GTC. Might take a while, but you never know.
I've been able to collect shares at $.02 and just a hair under $.02. IMO, the stock is shorted, but once the money from the financing comes any short will get drilled. Just my opinion. But they are trying to get $15 Million, which can net about $12 Million. The drilling program (feasibility they estimate at $5.5-6.5 Million)...My opinion is they'll be able to commit a few hundred thousand dollars to buying stock back, paying off bad debt, and promoting themselves. Remember, the goal is to get SUGO sold off or a joint venture. So, they'll want to make noise.
W@G2 07/06/11 for a 07/08/11 close
58.50rayrohn
57.73 Kookiekook
56.18 paulgmx1
56.75 EquityTrader
If we haven't got news yet, then probably won't get news until next week. This is a horrible week for news since everyone is gone. I do plan on making another call to IR and/or Quest after the close.
SUGO
Not sure what the most accurate number is (I assume it is within 10% of these). The big thing is if/when they get their $15 Million that should boost the market cap since they are currently trading at less than $2 Million Market Cap. IMO...that alone makes this a huge value play.
Outstanding Shares
87,067,217
79,433,922 owned by non affiliates
25,000,000 restricted and not currently tradeable
54,433,932 shares outstanding
Welcome to the Nasdaq Composite Board. I mostly play options on the QQQ and we welcome all advice! ;)