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Creede:
Understood. Revenues may be lumpy. But if all of Q2 is 18% over last year, we are not on the way to $4 million this year. That is why I was disappointed.
Not bashing. Am long this stock, and do not intend to sell--at $.08 or $.11 or $.15. As pink sheet stocks go, way above the norm.
Steve
YankeeAce:
Not interpreted as personal attack. Glad to see that those with more history in this stock are pleased with the news. But I am one of those expecting to see $1 million in revenues this quarter, unless someone can explain to me what is seasonal about this business.
I have this statement in mind from an April 28th PR:
"Labwire is on track for an annualized run rate of $4 million for 2006 in comparison to the $1.8 million annualized run rate from a year ago this time according to Dexter Morris, CEO of Labwire, Inc."
An 18% increase year over year will not move run rate from $1.8 million to $4.0 million, and the stock price has already declined since this April 28th PR.
I am long the stock. But today's news does not seem to me to be positive.
Steve
rrufff re LBWR:
I don't disagree. All of those are reasons why I own the stock. But this news is a bit disturbing. Hopefully May lumped up.
Creede has done much wonderful work, but he is certainly a true believer.
Steve
Creede:
I guess I'm with smartinvestor. I don't see why this is good news. Q1 revenues were $1 million, and the company had trouble making money at that level.
Steve
rrufff re LBWR:
Is this good news? Revenues for Q1 were $1 million.
Steve
Uranium and UEX.TO (UEXCF.PK):
UEX.TO (UEXCF.PK) announces drilling results in Athabasca basin:
http://biz.yahoo.com/cnw/060606/uex_drilling_update.html?.v=1
Per CEO Sorensen: "There is no doubt that the mineralizing and associated alteration system at the Kianna Deposit is the largest and most powerful system ever encountered in the Athabasca Basin."
Trading was halted for 15 minutes, and the stock is up 7%+ today.
Steve
10 bagger re SDRL.O, SDRLF:
On April 6th of this year, Merrill Lynch put out a report on SDRLF (thanks, kipp440!). Merrill had a target price of NOK130, based upon US GAAP estimated earnings of US$.30 for the whole of 2006. It turns out Q1 2006 actual earnings were US$.24, and I assume these are GAAP earnings as well. Am I missing something? How could Merrill be so far off 2 months ago? And, with the beating the stock took last night (NOK83 at close), wouldn't this be a good time to buy more? I bought a bunch at about US$9.85, sold half at $15.50, and am thinking that I might buy that half back at the open tonight.
Any thoughts would be appreciated, as always. Thanks for pounding the table on this stock.
Steve
stanu78 re ITEX:
I own a small amount, and had it in PSL2. Very solid quarter.
I don't know quite what to make of this statement:
"Our third quarter SG&A expenses decreased 46% from our second quarter, mainly due to synergies resulting from the BXI integration. We expect our SG&A to increase, as a percentage of revenue, in the fourth quarter partly due to the expense of our successful annual convention last month."
Guess we won't know what "increase, as a percentage of revenue" means until October.
Steve
ITEX:
ITEX announces earnings of $.02 for its FY Q3 (ending 4/30):
http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=PR&symbol=ITEX&storyID=138...
Steve
OT re Uranium spot price:
It is reported that the UxC spot price for uranium is up another $1.00 this week to $44.00/lb. This is known today to subscribers to Ux Weekly, but will not be posted on the UxC website for non-subscribers until after the close tomorrow.
Assuming the leak is accurate, tomorrow should be a good day for things uranium.
Steve
Uranium and CCJ:
Regarding CCJ, so much for "clear sailing" to $50/share.
It is worth noting that, while CCJ got beat up during the sell-off in mineral stocks, it has just about returned to pre-sell-off levels. More generally, as Len's index shows, the uranium juniors corrected by about 9% on average, and have yet to rebound. FWIW, I think they are about to do so. An interesting article from BMO Nesbitt Burns discussing a few of them, and touting SXR.TO and UUU.V, is linked below:
http://research.bmonb.com/documents/306F9E3D-EEAC-4A6D-9990-7030C739DAC9.PDF
Uranium is the one metal that did not pull back at all during the past month -- it has its own fundamentals and does not move in sympathy with gold, silver, copper, zinc, etc.
Steve
twtybrd re Schwab commissions:
Most Canadian stocks with pink sheet equivalents are $9.95 per trade. However, I have purchased warrants of a Canadian stock and they had steep commissions. They could not be purchased online, and had no pink sheet equivalent.
I purchased SDRLF (SDRL.o) and there were significant commissions. It is the only Norwegian stock I have purchased.
I have inquired about Australian stocks, and my recollection is that the commission structure is different depending upon price. If I recall correctly, stocks under US$1.00 had significant commissions.
That's all I know. But as I say, Schwab has a 1-800 number where they will answer questions about commissions.
Steve
SSKILLZ1:
Where my PSL3 picks are concerned, I have given new meaning to the term "senior moment." Thanks for going to the trouble to include me and for the post.
I initiated positions in 3 stocks on Friday as a direct result of this contest. It would be impossible for me to overstate how much the VMC Board and all the great stock pickers that frequent it have meant to me during the past year.
Hope you and all VMCers have a great holiday weekend.
Steve
re The Revenge of Gaia:
"Earth's Population to Drop by 80%, Says Top U.K. Scientist":
http://www.pr-inside.com/earths-population-to-drop-by-80-percent-says-top-u-k-scientist-r6050.htm
Interesting (to me) quote:
'There is no sensible alternative to nuclear power if we are to sustain civilization.'
Given the long term perspective of the article, I decided it is primarily "political," and thought I would post it here.
Steve
re Canadian stocks:
I have my portfolio set up right at the TSX website. There are some handy links relevant to each individual stock that I find useful -- links that provide a little more information than Yahoo provides on Canadian stocks (at least on the ones I own).
Schwab has a 1-800# you can use for all foreign quotes. I have found it very helpful to talk to a live person from time to time. But then at Schwab I pay $9.95 per trade, which I gather is high.
Steve
OT re pennies, copper, zinc:
Whatever the metals, it now costs 1.23 cents to make a penny, 5.73 cents to make a nickel, according to USA Today:
http://www.usatoday.com/money/2006-05-09-penny-usat_x.htm
Steve
OT: 10 bagger re copper coins:
I have read in several different places that it now costs more than a penny to make a penny.
Steve
Bobwins re CNCN:
JATO not achieved.
Steve
RGMI:
Have decided to hold about 15% of shares to see how things develop. All others sold at $1.25. Bought at $.60, so it was a good investment, but I wish I had followed SSKILLZ1's recommendation last week.
Steve
niles_crane3:
As one of those who held all shares, I put in an order to sell at $1.25 or better. About 20% got filled early, before the stock headed further south. I am expecting to sell a few more shares before the day is out. At less than $1.25, I would just as soon own the stock.
Steve
Bobwins re Metals:
As far as I know the only metal that went up last week was uranium. Didn't help the stocks -- they got mauled anyway.
Steve
angelhillcorp re 100k club:
You can add me to the list.
Steve
Len:
No problem. Will pick that stock and also provide a back-up in case it closes below $.25
Thanks.
Steve
Meant to say, "would not mind being assigned a price of $.25 for it."
len, SSKILLZ1:
I seem to recall that in past contests, if you picked a stock under the minimum price, you had the option of being assigned the minimum price. Was that ever the rule? If so, is it still? I would like to pick a stock that may close at less than $.25 on Friday. I would not being assigned a price of $.25 for it.
Thanks.
Steve
timmage re TCLL:
Should we pound the table together????????
How about ALL CAPS?
Steve
timmage re TCLL:
I bought a ton more today. I can't believe anyone is still selling at this $.30 level. I guess profits are profits, and some folks that have been in the stock have good gains today. But I see no reason why this thing is not headed to $1 per share or so.
Steve
timmage re TCLL:
Absolutely awesome numbers. Stock is headed to $1/share.
Thanks for recommending this one. After the carnage today, I needed something to go right.
Steve
otc, bones re UCPJ:
I don't know about the Cornell factor. But without it, I can't see much reason why this stock should go down from here. It had already retraced much of its gains from the last runup before numbers were announced. Certainly the action is good so far this morning.
Thanks again to otc for pounding the table on this one.
Steve
VSYS:
Still holding. Can't say I like it, but too stubborn to sell at current price.
Steve
HEMA:
Earnings $.01, including compensation expense. The news is not all bad, but I got out at the open.
http://biz.yahoo.com/iw/060512/0128749.html
Steve
VPHM:
Another open market purchase by insider, this time CEO De Rosen, 10k shares:
http://phoenix.corporate-ir.net/phoenix.zhtml?c=92320&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMT...
Steve
re Uranium and CCJ:
After pausing for 2 or 3 weeks, the spot price for uranium jumped by $1.25 this week to $42.75/lb. It was a good day for uranium stocks today, and I am expecting a good week.
I sold 80% of CCJ a week before earnings, expecting a selloff on earnings news. Even though guidance was conservative, the selloff did not really materialize and I wound up buying the shares back at a slightly higher price. Looks like it is clear sailing now to $50/share. The world's largest publicly traded uranium company, CCJ is a terrific company that managed to make money when uranium was $7/lb., and will make an absolute ton of money in the coming years. FWIW, I think a chunk of it should be in everyone's portfolio for the long haul. In addition to uranium, CCJ has a not insubstantial exposure to the gold market, as it owns 53% of Centerra Gold (CG.TO). From Centerra's website:
"Centerra is a growth-oriented Canadian-based gold mining and exploration company engaged in the acquisition, exploration, development and operation of gold properties in Central Asia, the former Soviet Union and other emerging markets. Our objective is to build shareholder value and to establish Centerra as a senior gold producer by maximizing the potential of our current properties and leveraging our financial strength and experience to acquire new long-life, low-cost projects.
"Currently, we maintain interests in two producing mines:
* 100% equity interest in the Kumtor mine in the Kyrgyz Republic
* 95% equity interest in the Boroo mine in Mongolia
"We also have interests in promising exploration properties:
* 100% equity interest in the Gatsuurt property in Mongolia near Boroo
* 62% equity interest in the REN joint venture in Nevada, U.S.
"The two gold mines operated by the Company are expected to produce 790,000 ounces in 2005 at a total cash cost of about $229 per ounce. This ranks Centerra as a leading North American gold producer and the largest Western-based gold producer in Central Asia and the former Soviet Union. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Canada."
CCJ is up in the AH market, probably because news that it is purchasing 23 million shares of UNI.V:
http://biz.yahoo.com/ccn/060509/200605090326600001.html?.v=1
Steve
VPHM:
Looks like an insider buy on the open market, 10k shares, Director Claypool:
http://phoenix.corporate-ir.net/phoenix.zhtml?c=92320&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMT...
Steve
Len re publishing results:
As one who has dwelled in the second half of the list for both contests, I would vote for publishing the results of all participants. Easiest way for me to follow how I am doing. Can't believe anyone is so invested in the contest that they worry about "looking bad." I mean, there is nothing real at stake here -- it's just a fun way to get a compilation of good stock ideas every 3 months.
Steve
Jim Rogers and Agricultural Commodities:
Interview with Jim Rogers in which he says the next big opportunities are in agricultural commodities:
http://www.resourceinvestor.com/pebble.asp?relid=19298
Steve
Today's PR:
I am long this stock. I have a lot of respect for rrufff, saw that he likes it, and after looking into it, decided to buy some.
But it is no surprise that PRs like the one today fail to inspire confidence (or a lot of buying). There is something inherently suspect about a PR to the effect that a company "will be involved in supplying building materials" in connection with a "project expected to generate $130 million in revenues over the next two years," especially when that project is a resort to be built on an island in Abu Dhabi. And, there is something inherently suspect about a company that puts out PRs of this kind.
The PR stops short of describing the "involvement" of the company, and certainly does not say that the company itself is actually going to receive the "expected" revenues generated by the project. The PR does not even say that the company's "involvement" is captured in a contract, although I doubt that it means much to have a contract in this context. (Try enforcing contract rights in Abu Dhabi).
Frankly, whatever the details may be, the PR reads like a bag of bull. JMHO.
Steve
PFSD:
Up today on significant volume. Stock mentioned by Rocketstocks a couple of months ago. Looks like it might be ready to turn profitable. Very bullish PRs in recent weeks.
Steve
roguedolphin re HEMA:
So far another great day on huge volume. Any thoughts now on "When to sell?"
Thanks.
Steve
CFK:
I sold Wednesday on the PR announcing when the webcast would be. After buying at the exact wrong time last quarter (right after earnings), I decided if I was going to make a mistake this time around, it should at least be a different mistake.
Steve