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Holy COW!!! Nice job congrats.
BP 30 puts woohoo. YRCW out broke support.
Bought BP 30 puts.
BP Bought $30 Puts, Going to hold at least overnight.
YRCW is holding .34. Support seems solid. Going to hold for now.
AGEL volume coming in. Hope to sell here at .0002. Man I have been holding my .0001's for a couple/few months. Why do I play these?
IACH on watch.
Memorial Day History
Happy Memorial Day
Memorial Day, originally called Decoration Day, is a day of remembrance for those who have died in our nation's service. There are many stories as to its actual beginnings, with over two dozen cities and towns laying claim to being the birthplace of Memorial Day. There is also evidence that organized women's groups in the South were decorating graves before the end of the Civil War: a hymn published in 1867, "Kneel Where Our Loves are Sleeping" by Nella L. Sweet carried the dedication "To The Ladies of the South who are Decorating the Graves of the Confederate Dead" (Source: Duke University's Historic American Sheet Music, 1850-1920). While Waterloo N.Y. was officially declared the birthplace of Memorial Day by President Lyndon Johnson in May 1966, it's difficult to prove conclusively the origins of the day. It is more likely that it had many separate beginnings; each of those towns and every planned or spontaneous gathering of people to honor the war dead in the 1860's tapped into the general human need to honor our dead, each contributed honorably to the growing movement that culminated in Gen Logan giving his official proclamation in 1868. It is not important who was the very first, what is important is that Memorial Day was established. Memorial Day is not about division. It is about reconciliation; it is about coming together to honor those who gave their all.
General John A. Logan
Library of Congress, Prints & Photographs Division, [LC-B8172- 6403 DLC (b&w film neg.)]
Memorial Day was officially proclaimed on 5 May 1868 by General John Logan, national commander of the Grand Army of the Republic, in his General Order No. 11, and was first observed on 30 May 1868, when flowers were placed on the graves of Union and Confederate soldiers at Arlington National Cemetery. The first state to officially recognize the holiday was New York in 1873. By 1890 it was recognized by all of the northern states. The South refused to acknowledge the day, honoring their dead on separate days until after World War I (when the holiday changed from honoring just those who died fighting in the Civil War to honoring Americans who died fighting in any war). It is now celebrated in almost every State on the last Monday in May (passed by Congress with the National Holiday Act of 1971 (P.L. 90 - 363) to ensure a three day weekend for Federal holidays), though several southern states have an additional separate day for honoring the Confederate war dead: January 19 in Texas, April 26 in Alabama, Florida, Georgia, and Mississippi; May 10 in South Carolina; and June 3 (Jefferson Davis' birthday) in Louisiana and Tennessee.
In 1915, inspired by the poem "In Flanders Fields," Moina Michael replied with her own poem:
We cherish too, the Poppy red
That grows on fields where valor led,
It seems to signal to the skies
That blood of heroes never dies.
She then conceived of an idea to wear red poppies on Memorial day in honor of those who died serving the nation during war. She was the first to wear one, and sold poppies to her friends and co-workers with the money going to benefit servicemen in need. Later a Madam Guerin from France was visiting the United States and learned of this new custom started by Ms.Michael and when she returned to France, made artificial red poppies to raise money for war orphaned children and widowed women. This tradition spread to other countries. In 1921, the Franco-American Children's League sold poppies nationally to benefit war orphans of France and Belgium. The League disbanded a year later and Madam Guerin approached the VFW for help. Shortly before Memorial Day in 1922 the VFW became the first veterans' organization to nationally sell poppies. Two years later their "Buddy" Poppy program was selling artificial poppies made by disabled veterans. In 1948 the US Post Office honored Ms Michael for her role in founding the National Poppy movement by issuing a red 3 cent postage stamp with her likeness on it.
Traditional observance of Memorial day has diminished over the years. Many Americans nowadays have forgotten the meaning and traditions of Memorial Day. At many cemeteries, the graves of the fallen are increasingly ignored, neglected. Most people no longer remember the proper flag etiquette for the day. While there are towns and cities that still hold Memorial Day parades, many have not held a parade in decades. Some people think the day is for honoring any and all dead, and not just those fallen in service to our country.
There are a few notable exceptions. Since the late 50's on the Thursday before Memorial Day, the 1,200 soldiers of the 3d U.S. Infantry place small American flags at each of the more than 260,000 gravestones at Arlington National Cemetery. They then patrol 24 hours a day during the weekend to ensure that each flag remains standing. In 1951, the Boy Scouts and Cub Scouts of St. Louis began placing flags on the 150,000 graves at Jefferson Barracks National Cemetery as an annual Good Turn, a practice that continues to this day. More recently, beginning in 1998, on the Saturday before the observed day for Memorial Day, the Boys Scouts and Girl Scouts place a candle at each of approximately 15,300 grave sites of soldiers buried at Fredericksburg and Spotsylvania National Military Park on Marye's Heights (the Luminaria Program). And in 2004, Washington D.C. held its first Memorial Day parade in over 60 years.
To help re-educate and remind Americans of the true meaning of Memorial Day, the "National Moment of Remembrance" resolution was passed on Dec 2000 which asks that at 3 p.m. local time, for all Americans "To voluntarily and informally observe in their own way a Moment of remembrance and respect, pausing from whatever they are doing for a moment of silence or listening to 'Taps."
The Moment of Remembrance is a step in the right direction to returning the meaning back to the day. What is needed is a full return to the original day of observance. Set aside one day out of the year for the nation to get together to remember, reflect and honor those who have given their all in service to their country.
But what may be needed to return the solemn, and even sacred, spirit back to Memorial Day is for a return to its traditional day of observance. Many feel that when Congress made the day into a three-day weekend in with the National Holiday Act of 1971, it made it all the easier for people to be distracted from the spirit and meaning of the day. As the VFW stated in its 2002 Memorial Day address: "Changing the date merely to create three-day weekends has undermined the very meaning of the day. No doubt, this has contributed greatly to the general public's nonchalant observance of Memorial Day."
On January 19, 1999 Senator Inouye introduced bill S 189 to the Senate which proposes to restore the traditional day of observance of Memorial Day back to May 30th instead of "the last Monday in May". On April 19, 1999 Representative Gibbons introduced the bill to the House (H.R. 1474). The bills were referred the Committee on the Judiciary and the Committee on Government Reform.
Happy Memorial Day!!
A Tale of Two Americas On Memorial Day 2010
By William Forstchen
So what the hell do these conservatives want out of Obama? And does it matter if Obama throws some leaves on a tomb?
--David Corn
Memorial Day. Those of us old enough to remember might recall a parent or grandparent who referred to it as “Decoration Day.” We might recall as well that “Memorial Day,” was not on the last Monday in May, serving as an endcap for a three day weekend of sales and vacations, but instead was observed on May 30, no matter what day of the week that was.
It started shortly after the Civil War when General Logan, who was part of the forces occupying the South, supposedly observed Southern women laying spring flowers on the graves of both Confederate and Union dead. Logan wrote of it, urged a national day of commemoration and thus “Decoration Day” became a tradition in nearly all states.
After World War One, the fallen of that conflict became part of the memorial services as well.
After World War Two, with hundreds of thousands of new graves to tend, the tradition evolved that “Decoration Day,” would be a day of national commemoration for those who gave “the last full measure of devotion,” and that “Armistice Day,” November 11, would become a day of honoring all veterans who served.
And thus it was until 1971 when Congress, creating three day weekends for government employees, including themselves, reordered Memorial Day to the last Monday of the month.
As a boy growing up in the 1950s I recall Memorial Day in my town as one of solemn dedication. With streets blocked off a procession would weave through the community, visiting the various cemeteries. I marched with the boy scouts, my father with his American Legion post, and at each cemetery prayers would be offered, wreaths laid, followed by a volley salute and taps, which even then made my throat constrict.
We were a single America, united in memory. Yes there was already the blaring of ads on a new thing called television, about Memorial Day sales, and the exodus to the beach by some, but as a shared culture, Memorial Day was a day of memory, recollection and prayer.
We are two Americas today. Presidents have “missed” visiting Arlington before this day but this time, the reasons why and what commentators have said in defense so clearly shows a national divide.
Earlier this week a notice from the White House announced that the first family would “vacation” this weekend in Chicago. The First Lady was quoted as saying that this time the children “decided” where they would spend their mini-vacation.
Vacation? So Memorial Day is a vacation weekend now, even for the first family? Of course, it was quickly pointed out that the president would visit a military cemetery near Chicago. Of course.
But that is not Arlington. Arlington is the symbolic center of our national memory for those who died in service to our country. It is as well where the Tombs of the Unknown from most of our 20th century wars are located. The ritual of the Unknown Soldier, as symbolic of all the fallen emerged after World War One, when from the torn battlefields of Europe, America and other nations recovered the unidentified remains of one soldier, to thus symbolize the millions whose final resting places are “known but to God.” To honor the Unknown is the symbolic act of honoring all and thus it became a sacred ritual.
Arlington is “the vision place of souls,” and the Tombs of the Unknown, are the focal point of that memory. When a president lays a wreath before those tombs, it is a symbolic act of memory and mourning on behalf of all of us. The laying of a wreath in and of itself is also a tradition that harkens back to biblical times. For a president, it is one of the highest honors and obligations that comes with his office.
Is that too much to ask of our president? Is it too much to ask of a president to set such an example and rather than have a vacation defined by “the kids” that instead, as the first family together they lead the nation in a day of contemplation and prayer?
We are now so clearly two Americas and this conflict about how to observe Memorial Day symbolizes a cultural divide which started in the 1960s and now seems all but unfathomable. That divide was brutally and crudely stated this week by the “progressive” journalist David Corn, editor with “Nation” Magazine, when he wrote in defense of the first family’s decision to treat this weekend at a “vacation”:
So what the hell do these conservatives want out of Obama? And does it matter if Obama throws some leaves on a tomb?
David, I will tell you what we want. We want a president who holds sacred certain beliefs and traditions that are the very essence of what we see as being an “American.” In a world of such political correctness where we are constantly ordered not to offend, we are the people who on this sacred day are offended beyond any ability to express, offended by our president’s actions, offended by your soulless mocking words. . ."throws some leaves on a tomb. . ."
If that is indeed your belief, and the belief of those who are apologists for yet another insult by our president to sacred traditions, there is only one answer. We are a house divided against itself, we have become two Americas with all which that implies and such a divide, in the end, will be resolved one way or the other and come November, of this year and in 2012 we will remember.
William R. Forstchen is a professor of history at Montreat College and is a specialist in military history. He has co-authored seven books with Newt Gingrich, the latest “To Try Men’s Souls” about Washington’s crossing of the Delaware. He is also the author of “One Second After,” a novel warning about the dangers of an EMP (electro-magnetic pulse) attack on the United States.
I know your not posting so I thought I'd take this time to call you a looooooossserrr :-P
I have not posted here for a while. You can find me on Langlui's board. Hope all is well. I will try to post here more often.
YRCW, hmm? Going to hold for the weekend. I sold half at .36, But I think this may turn into a nice play in the next week or two. looks like some consolidation here. GLTA
That is big for them. We'll have to watch the movement tomorrow.
That's awesome. e/m
YRCW going green here.
You are correct. e/m
nice buy. e/m
YRCW Me too, well at .31 - .32 and not exactly 12000. I went with the round number of 10000. I was kinda cautious now I am feeling bullish about the buy. A nice swing play developing. Wish I would of bought more. Oh well. I guess I could add, I'll probably not. I hate to change a trading plan.
YRCW a little short squeeze would be nice. Good Night.
Here ya go, the one time I don't put in a link. lol
http://www.thestreet.com/offers/omnisky/html/markets/marketfeatures/10767818.html
This is huge and I hope they succeed. HOUSTON — BP went ahead on Wednesday afternoon with its most ambitious — and potentially most consequential — effort to plug the mile-deep gusher of oil that has been streaming into the Gulf of Mexico for more than a month.
The Lede Blog: BP Agrees to Show 'Top Kill' Live (May 26, 2010)
Inspector General’s Inquiry Faults Regulators (May 25, 2010)
In Standoff With Environmental Officials, BP Stays With an Oil Spill Dispersant (May 25, 2010)
Times Topic: Gulf of Mexico Oil Spill (2010)
The procedure, known as a top kill, began at 1 p.m., the company said.
It involves pumping thousands of pounds of heavy fluids into a five-story stack of pipes in an effort to clog the well and stop the torrent of oil. BP officials said this method of containing spills had never been tried so far underwater, and that it could take days to determine whether it had succeeded. They cautioned there was no guarantee that the gambit would work.
The Coast Guard gave BP approval on Wednesday morning to move forward with the maneuver after consulting with government scientists, as technicians completed preparatory diagnostic work. A live video feed of the leak was available online throughout the procedure, BP officials said.
Tony Hayward, chief executive office of BP said, it would be “a day or two before we can have certainty that it’s worked.” On the other hand, failure could become apparent within minutes or hours, a technician involved in the procedure said.
Either way, President Obama will return to Louisiana on Friday to survey the spill’s damage, the White House said.
The consequences for BP are profound: A successful capping of the leaking well could finally begin to mend the company’s brittle image after weeks of failed efforts, and perhaps limit the damage to wildlife and marine life from reaching catastrophic levels.
A failure could mean several months more of leaking oil, devastating economic and environmental impacts across the gulf region, and mounting financial liabilities for the company. BP has already spent an estimated $760 million in fighting the spill, and two relief wells it is drilling as a last resort to seal the well may not be completed until August.
BP on Wednesday said it had paid more than $32 million so far to settle claims from people and businesses in the Gulf Coast states harmed by the disaster. A company spokesman, John Curry, said BP had paid out $19.7 million in Louisiana alone through Tuesday.
The investigation into what caused the explosion aboard the Deepwater Horizon drilling rig on April 20 and the resulting oil spill continued Wednesday at hearings in Louisiana and Washington.
At a hearing in Covington, La., held by the Coast Guard and the Minerals Management Service, the chief mechanic for the Deepwater Horizon testified that he witnessed a “skirmish” between an official of BP, which leased the rig, and Transocean, the owner and operator, on the morning of the explosion.
The mechanic, Douglas H. Brown, described a “skirmish” or “slight argument” on the rig between the BP well site leader (whom he referred to as “the company man”) and Transocean officials, including the offshore installation manager, or O.I.M. The argument concerned BP’s desire to replace heavy drilling fluid with lighter saltwater before the well was sealed with cement plugs.
“The driller was outlining what would be taking place, whereupon the company man stood up and said, ‘No, we’ll be having some changes to that,’ ” Mr. Brown said. “The O.I.M., tool-pusher and driller disagreed with that, but the company man said, ‘Well, this is how it’s going to be,’ and the tool-pusher, driller and O.I.M. reluctantly agreed.”
A former senior Coast Guard official warned during the hearing that tensions between oil company officials and rig operators can be dangerous.
“You’re always going to have a conflict between the people that are representing the owners of the rig and the people that are renting it,” said the former official, Capt. Carl R. Smith, who has 15 years of drilling experience but did not work on Deepwater Horizon. “The people that are renting it want to go faster and drill, and the people that own the rig want to maintain the integrity of the rig.”
He said offshore drilling rigs often cost oil companies $500,000 a day to drill.
“The company men I’ve seen vary widely in ability,” he said. “Some of them are very, very capable people that add a lot to the operation. Some of them, on a couple of occasions, have become outright adversaries” of rig employees trying to maintain safety.
Mr. Obama is expected to call on Thursday for tougher safety requirements for offshore oil drilling and to announce a more rigorous inspections regimen for such operations, administration officials said.
Mr. Obama is expected to make the announcement after he receives a report from the Interior Department.
The department is preparing more stringent regulations governing safety and environmental practices, to replace the current system, which depends largely on self-regulation by the oil companies. Drilling companies objected to the new rules, saying they were overly prescriptive and would be costly to comply with.
The new rules were progressing slowly before the spill, but a senior interior department official said they would be accelerated.
The top kill technique has been used successfully for other spills, notably for stopping the oil flooding out of Kuwaiti oil wells sabotaged by the Iraqi army at the end of the first Persian Gulf war, but those were in fairly shallow water; the stricken well in the Gulf is 5,000 feet down.
Several veterans of the Kuwait operation are orchestrating the technicians in the Gulf of Mexico. To lead the effort, BP has brought in Mark Mazzella, its top well-control expert, who was mentored by Bobby Joe Cudd, a legendary Oklahoma well firefighter.
But at a mile below the gulf surface, the pressures of the surging oil and gas may be too much for the injected material, known as drilling mud, to counteract and reverse the flow, BP officials warned.
“It has been done successfully in the past, but it hasn’t been done at this depth,” said Kent Wells, BP’s senior vice president for exploration and production. “We always have to be careful about setting expectations.”
BP officials said that if the flow of oil can be stopped, cement will be poured into the well and the old, leaky blowout preventer, the stack of pipes above the well that failed to control the blowout, might be replaced with a new one as an added safety measure. The officials said the well would never be used for production purposes.
Mr. Wells said that if the top kill fails, the next option would be to place a containment dome over the well. This approach was tried three weeks ago, but an icy slush of gas and water clogged the dome. Officials said a different approach might avoid that problem.
http://www.nytimes.com/2010/05/27/us/27spill.html
Will do. e/m
Can you blame people? I mean I am completely defensive. I think it will go down but hoping for up. Very indecisive, as the rest of the market. We'll test 9800 again and I hope we hold. Off to the beach for a stroll. ttyl I jumped in YRCW, cautiously. With the volume and short positions. c-ya
YRCW shortsqueeze info
Yrc Worldwide Incorporated
$ 0.30
YRCW
-0.04
Short Interest (Shares Short)
81,813,800
Days To Cover (Short Interest Ratio)
2.1
Short Percent of Float
13.77 %
Short Interest - Prior
71,668,900
Short % Increase / Decrease
28.25 %
Short Squeeze Ranking™
-26
% From 52-Wk High ($ 6.18 )
-95.16 %
% From 52-Wk Low ($ 0.28 )
6.79 %
% From 200-Day MA ($ 1.53 )
-80.46 %
% From 50-Day MA ($ 0.53 )
-43.58 %
Price % Change (52-Week)
-89.05 %
Shares Float
1,050,000,000
Total Shares Outstanding
1,054,074,097
% Owned by Insiders
0.35 %
% Owned by Institutions
14.50 %
Market Cap.
$ 356,804,082
Trading Volume - Today
14,834,680
Trading Volume - Average
39,708,400
Trading Volume - Today vs. Average
32.96 %
Earnings Per Share
-6.37
PE Ratio
Record Date
2010-MayB
Sector
Services
Industry
Trucking
Exchange
NAS
SIRI, YRCW were getting shorted.
NEW YORK (TheStreet) -- Sirius XM Radio (SIRI:NYSE) and E*Trade Financial (ETFC:NYSE) saw the biggest changes in short interest in the first half of May among stocks traded on the Nasdaq Stock Market, according to a published report.
Sirius short interest jumped over 30% to more than 209 million shares, making it the most heavily shorted stock on the Nasdaq, ahead of Level 3 Communications (LVLT:NYSE) , Reuters reported. Level 3 short interest fell slightly during the period, to about 102 million from just over 107 million April 30.
Short sellers borrow shares in the hope of buying them at a lower price in the future and pocketing the difference. The Nasdaq reports short interest twice a month, about two weeks after the period in which the shorting activity took place.
Since reaching the $1 mark in February, Sirius shares have been unable to hold their gains. The satellite radio provider's shares hit a high of $1.25 on May 3, the day they affirmed they expected to add 500,000 subscribers in 2010. A day later they surprised analysts by reporting a surprise profit of a penny, but missed analysts' revenue expectations. The shares have traded off sharply with the rest of the market since the May 6 flash crash.
E*Trade shares hit their 52-week high of $2.08 in September and have been stuck in a range of about $1.40 to $1.70 for several months. Analysts cited strong April trading numbers for E*Trade in reports last week, and some expressed optimism that the company's exposure to troubled home loans will show surprising signs of improvement. The shares were at $1.50 Wednesday afternoon, up more than 5% on a bullish day for stocks.
Aside from Sirius XM and E*Trade, other Nasdaq stocks that saw a heavy rise in short interest were YRC Worldwide (YRCW:NYSE) , JetBlue Airways (JBLU:NYSE) and Mylan (MYL:NYSE) . YRC, a shipping company based in Overland Park, Kan., was the fifth-most-shorted Nasdaq stock in the first half of May, behind Sirius, Level 3, Cell Therapeutics (CTIC:NYSE) and E*Trade.
The top decrease in short interest on the Nasdaq was seen in Popular. (BPOP:NYSE) , Puerto Rico's largest bank. It has seen its shares rise 50% in the last three months as it has benefited from being among the healthiest institutions in a stressed Puerto Rican banking sector.
-- Written by Dan Freed in New York.
YRCW seems to be holding that .31 support. I may jump in. watching it.
Question for you? I just noticed I live 15 minutes from RNWF, the Milwaukee address. I actually drove past it yesterday at work. lol. Think I should stop in and see what it is all about? Plus what the hell would I say? "Hi I'm a day-trader/investor looking to make some jacks on your company, fill me in." lmao
RNWF .0065. Nice.
WOWOWOWOWOWOWOWOWOW!!!!
CJBK should go to 7.50 with the merger news.
zipz .001 e/m
RNWF a pull back then boom. This is interesting. Rumor on news coming, I am Not sure when to get out here. volume is nuts here.
Nice bottom bouncers Ronnie. I like Gro.
I hope you profit and your board does well. I will stop by now and then. 15 posts aren't that much. GLTA
Langlui, I hope you were exasperating the house and bk part. If not I feel truly bad.
MBYL Volume alert.
you should of been in RNWF!! lol 1 pinky at a time. Why do you like HFBG? just curious. I have done 0 research on it.
RNWF=boome/m