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Congrats, Wang---you got to take them when they come.
CPN insider buying is heavy since Jan 1
LUMINUS ENERGY PARTNERS MASTER FUND, LTD. B/O 02/20/2009 Form 4 B D 90,000 $5.720 8,196,953
LUMINUS ENERGY PARTNERS MASTER FUND, LTD. B/O 02/19/2009 Form 4 B D 8,900 $6.510 8,106,953
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. B/O 02/18/2009 Form 4 B D 150,000 $6.370 73,407,165
LUMINUS ENERGY PARTNERS MASTER FUND, LTD. B/O 02/18/2009 Form 4 B D 150,000 $6.260 8,098,053
LSP CAL HOLDINGS II, LLC B/O 02/17/2009 Form 4 B D 219,600 $6.700 17,533,371
LUMINUS ENERGY PARTNERS MASTER FUND, LTD. B/O 02/17/2009 Form 4 B D 24,400 $6.700 7,948,053
LSP CAL HOLDINGS II, LLC B/O 02/13/2009 Form 4 B D 49,770 $7.280 17,313,771
LUMINUS ENERGY PARTNERS MASTER FUND, LTD. B/O 02/13/2009 Form 4 B D 5,530 $7.280 7,923,653
LSP CAL HOLDINGS II, LLC B/O 02/12/2009 Form 4 B D 700 $7.000 17,264,001
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. B/O 01/30/2009 Form 4 B D 250,000 $7.450 73,302,165
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. B/O 01/29/2009 Form 4 B D 1,000,594 $7.110 73,114,665
LSP CAL HOLDINGS II, LLC B/O 01/29/2009 Form 4 B D 24,840 $6.950 17,263,301
LUMINUS ENERGY PARTNERS MASTER FUND, LTD. B/O 01/29/2009 Form 4 B D 2,760 $6.950
Thanks---
CPN Short Interest
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
1/30/2009 9,592,267 2,158,379
How about CPN chart--it is ugly , I know. But where would a Bottom Reversal be?
Thanks
CPN up after hours....
CALPINE CORP
(NYSE: CPN)
After Hours: 5.53 Up 0.3746 (7.26%) 5:17PM ET
I hear ya.
Just for a quick trade--definitely not a longterm deal
CPN is up after hours.
CALPINE CORP
(NYSE: CPN)
After Hours: 5.53 Up 0.3746 (7.26%) 5:17PM ET
UIS
STEM
Insider buying is very heavy on CPN now. Good time to look at it again, cato. IMO
http://investorshub.advfn.com/boards/board.aspx?board_id=7668
Good to see that I am not alone on CPN. I am looking for the link to the CPN insider buying, but you are right.
Either they all are incredibly stupid to buy more as hedge funds and institutional investors, or they are confident that buying in this range will be profitable.
Wish I bought today instead of Friday. But it is always tough to catch the bottom.
Oregon Population Estimated to Decline 42% in Next Twelve Months
Outrage brewing over proposed 1,900% beer tax hike
Lawmakers say tax will help budget; brewers warn of lost jobs
02:02 PM PST on Monday, February 16, 2009
By ERIC ADAMS, kgw.com Staff
PORTLAND, Ore. -- Five Oregon state lawmakers want to impose a hefty tax on beer and have introduced a bill that brewers say would cripple them.
Deschutes makes Oregon 150 brew
Four Portland legislators joined a Springfield senator to introduce Oregon House Bill 2461, which would impose a $49.61 tax on each barrel of beer produced by Oregon brewers.
The tax would raise revenue for the state at a time when budgets are running in the red. Specifically, the bill says it would fund prevention, treatment and recovery programs for those addicted to alcohol and other substances.
The bill's language defends the tax by arguing alcoholism and “untreated substance abuse” costs the state $4.15 billion in lost earnings as well as more than $8 million for health care and nearly $1 billion in law enforcement-related expenditures.
What do you think of the proposed beer tax?
Good idea
Tax too high
Bad idea
Unsure
View Results
Oregon ranks 49th among states in its malt beverage taxation rate, which has not been raised in 32 years, according to HB 2461.
Brewers hopping mad over tax
Brewers say Oregon's low beverage taxation rate is what makes the state such an attractive place for crafting beers. The state’s brewery guild claims it would also amount to the single largest beer tax hike in the nation's history.
Laurelwood Public House & Brewing Co. owner Mike De Kalb said the tax may sound like a good idea in this economic climate, but he believes it would cost jobs and not raise enough new tax revenue to justify the increase.
“We’re a family-owned, local Portland business. We don’t want to see something cost taxpayers more than the revenue it would bring in,” De Kalb said.
De Kalb said Oregon would potentially lose its prominence as a craft-brew destination and that some small breweries could potentially go out of business. He said Laurelwood could possibly face job cuts as well. Prior versions of the beer tax bill have exempted small breweries but this one does not, he added.
$1.50 more, or just 15 cents?
“If that tax is passed it would mean consumers would pay $315 million more (in 2009) to buy the same amount of beer they bought in 2008," De Kalb claimed. "A pint of beer would go from $4.50 to $6.”
Rep. Ben Cannon, one of the bill's sponsors, questions whether the true hit to consumers would be as high as beer makers claim. He told KGW his office measured the increase at 15 cents per glass not $1.50.
But Kurt Widmer of Widmer brewing told KGW that in order to keep profit margins constant, he'd increase his price to distributors, who in turn would likely increase prices to retailers, making the 15 cent per class estimate unrealistic.
House Bill 2461 has been introduced by Portland Reps. Ben Cannon and Michael Dembrow, Portland Sens. Jackie Dingfelder and Diane Rosenbaum, and Springfield Sen. William Morrisette.
LOL
TMBXF, ABTG, CYBL charts
ABTG
CYBL
Jeez. What an a ss. Seriously now.
People like that should be celebrated. I am sick of hearing about the narcissistic jerks pulling down bogus bonuses over the past few years. Buying everything and anything that would impress others.
This Miami banker--to distribute $60 Million to his employees AND his retirees is truly amazing. And this society should laud him for doing the right thing. The NON greedy thing.
Just my opinion, of course. LOL
EGADS! An honest banker? ! Not greedy?!
Yes, Virginia, there is a Santa Clause. A tribute to an honest man...
Miami banker gives $60 million of his own to employees
Leonard Abess just gave away $60 million to his employees after selling the bank to a Spanish bank. The bonuses came to tens and hundreds of thousands of dollars. This is Leonard Abess , CEO in the lobby of the bank.
Leonard Abess just gave away $60 million to his employees after selling the bank to a Spanish bank. The bonuses came to tens and hundreds of thousands of dollars. This is Leonard Abess, CEO in the lobby of the bank.
BY MARTHA BRANNIGAN
mbrannigan@MiamiHerald.com
Lots of bosses say they value their employees. Some even mean it.
And then there's Leonard Abess Jr.
After selling a majority stake in Miami-based City National Bancshares last November, all he did was take $60 million of the proceeds -- $60 million out of his own pocket -- and hand it to his tellers, bookkeepers, clerks, everyone on the payroll. All 399 workers on the staff received bonuses, and he even tracked down 72 former employees so they could share in the windfall.
For longtime employees, the bonus -- based on years of service -- amounted to tens of thousands of dollars, and in some cases, more than $100,000.
At a time when financial titans are being paraded before Congress to explain how they blew billions on executives' bonuses even as they received a taxpayer bailout, the big-hearted banker's selfless deed stands out.
''I retired seven years ago, and all of a sudden I get this wonderful letter and phone call,'' said Evelyn J. Budde, who spent 43 years at City National Bank of Florida, rising to vice president.
''I was shocked,'' said William Perry. In 43 ½ years at City National, he climbed from janitor to vice president. Like many longtime City National employees, he forged an unbreakable bond with the bank that continued into retirement. Perry returns regularly for the annual employees' dinner.
Abess didn't publicize what he had done. He didn't even show up at the bank to bask in his employees' gratitude on the day the bonus envelopes were distributed. He was inundated with letters soon afterward.
Asked later what motivated him, Abess said he had long dreamed of a way to reward employees. He had been thinking of creating an employee stock option plan before he decided to sell the bank.
''Those people who joined me and stayed with me at the bank with no promise of equity -- I always thought some day I'm going to surprise them,'' he said. ``I sure as heck don't need [the money].''
SPANISH BUYER
In exchange for an 83 percent stake in the business, the Spanish bank Caja Madrid paid $927 million in November. Abess retained a minority share and is still the board chairman and chief executive officer at City National.
An honest Banker...he deserves recognition.
Miami banker gives $60 million of his own to employees
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Leonard Abess just gave away $60 million to his employees after selling the bank to a Spanish bank. The bonuses came to tens and hundreds of thousands of dollars. This is Leonard Abess, CEO in the lobby of the bank.
Leonard Abess just gave away $60 million to his employees after selling the bank to a Spanish bank. The bonuses came to tens and hundreds of thousands of dollars. This is Leonard Abess, CEO in the lobby of the bank.
CANDACE WEST / MIAMI HERALD STAF / CANDACE WEST / MIAMI HERALD STAF
* Photo
Related Content
* How they'll use the money
BY MARTHA BRANNIGAN
mbrannigan@MiamiHerald.com
Lots of bosses say they value their employees. Some even mean it.
And then there's Leonard Abess Jr.
After selling a majority stake in Miami-based City National Bancshares last November, all he did was take $60 million of the proceeds -- $60 million out of his own pocket -- and hand it to his tellers, bookkeepers, clerks, everyone on the payroll. All 399 workers on the staff received bonuses, and he even tracked down 72 former employees so they could share in the windfall.
For longtime employees, the bonus -- based on years of service -- amounted to tens of thousands of dollars, and in some cases, more than $100,000.
At a time when financial titans are being paraded before Congress to explain how they blew billions on executives' bonuses even as they received a taxpayer bailout, the big-hearted banker's selfless deed stands out.
''I retired seven years ago, and all of a sudden I get this wonderful letter and phone call,'' said Evelyn J. Budde, who spent 43 years at City National Bank of Florida, rising to vice president.
''I was shocked,'' said William Perry. In 43 ½ years at City National, he climbed from janitor to vice president. Like many longtime City National employees, he forged an unbreakable bond with the bank that continued into retirement. Perry returns regularly for the annual employees' dinner.
Abess didn't publicize what he had done. He didn't even show up at the bank to bask in his employees' gratitude on the day the bonus envelopes were distributed. He was inundated with letters soon afterward.
Asked later what motivated him, Abess said he had long dreamed of a way to reward employees. He had been thinking of creating an employee stock option plan before he decided to sell the bank.
''Those people who joined me and stayed with me at the bank with no promise of equity -- I always thought some day I'm going to surprise them,'' he said. ``I sure as heck don't need [the money].''
SPANISH BUYER
In exchange for an 83 percent stake in the business, the Spanish bank Caja Madrid paid $927 million in November. Abess retained a minority share and is still the board chairman and chief executive officer at City National.
ESLR, AXTG are Obama stimulus plays
Chart on AEMD looking interesting.
AEMD chart
Matt--keep an eye out for this one.
AXTG does dimming fluorescent lighting--which will be part of the retrofitting of the Federal buildings in the stimulus package. They are on the pinks--but have filed for OTCBB. Light volume right now--but you might want to put it on your watch list.
Cheers
Matt--you are too generous.
And insulting to woodchucks.
The subpennies have been great recently. Watching GPGD for a move
OBAMA'S #1 PROBLEM
CYBL chart
DOW down almost 400.
Looking for the OBAMA plays in the stimulus package--solar, wind, lighting efficiency etc. Now is the time to make GREEN on the GREEN industry
You never go broke taking a profit
Progress, WANG!
J&J Ejaculation Pill, World’s First, Wins European Approvals
By Alex Nussbaum
Feb. 10 (Bloomberg) -- Johnson & Johnson won approval in Sweden and Finland for the first prescription pill to treat premature ejaculation, three years after U.S. regulators rejected the drug, the company said.
The drugmaker expects to win clearance for dapoxetine, to be sold as Priligy, in five more European nations and has also applied for approval in Canada, Australia, Mexico, Turkey and six other countries worldwide, said Greg Panico, a spokesman for New Brunswick, New Jersey-based J&J, today in a telephone interview. The pill, taken a few hours before intercourse, should be in European drugstores by April, he said.
“There’s a globally significant market” for treatments of the condition, Panico said. He declined to say how much J&J expects to make in sales of the drug.
Dapoxetine may generate $575 million in annual sales by 2011 for the company, said Michael Weinstein, a JPMorgan Chase & Co. analyst in New York, in an Oct. 29 note to clients. It’s one of several drugs J&J is developing to replace revenue it expects to lose to generic competition to top-selling medications such as the antipsychotic Risperdal, he said.
Johnson & Johnson fell $1.49, or 2.6 percent, to $57.01 at 12:35 p.m. in New York Stock Exchange composite trading. The company lost 5.7 percent in the previous 12 months before today.
From 4 percent to 30 percent of men worldwide suffer from premature ejaculation at some point in their lives, Panico said. The prevalence is hard to measure because some are embarrassed to admit to the condition, he said.
Rejected in 2006
The U.S. Food and Drug Administration turned down J&J’s application for dapoxetine in 2006, without explaining its decision. Panico wouldn’t discuss the rejection and said the company was “keeping its options open” to resubmit the pill.
Dapoxetine neutralizes the impacts of a chemical messenger in the brain called serotonin, working similarly to antidepressants such as Eli Lilly & Co.’s Prozac. The serotonin- targeting drugs have been the subject of thousands of lawsuits against companies including Pfizer Inc., GlaxoSmithKline Plc. and Merck & Co. by patients who say the drugs increased the risk of suicide for users.
Dapoxetine has been “extensively evaluated” in five clinical trials involving more than 6,000 men with premature ejaculation and their partners, said a statement issued this morning by Janssen-Cilag EMEA, the J&J unit marketing the drug.
The drug was originally developed by Lilly as a potential antidepressant and licensed to J&J, Panico said. The company is also awaiting approvals in Austria, Germany, Spain, Italy and Portugal, its statement said.
To contact the reporter on this story: Alex Nussbaum in New York anussbaum1@bloomberg.net.
Last Updated: February 10, 2009 12:39 EST
Could you update your last AXTG chart --with those annotations?
Thanks in advance....
More Bailout Money...
How Wall Street Continues To Doom Itself
We’ve arrived at an ah-ha moment.
Virtually everybody who butters their own bread is outraged that Wall Street, which is becoming a de facto government agency thanks to billions in bailout money, found $18.4 billion in bonuses for bankers who nearly wrecked the world’s financial system in 2008. President Obama’s criticism – “shameful” – is mild compared to what many of us think.
The bankers are bellyaching about a 44 percent decline in bonuses from 2007 levels. That’s like complaining about being served a 40-ounce porterhouse instead of a 70-ounce one.
[See why "Wall Street talent" is an oxymoron.]
Here’s a bit more perspective: Charles Payne, CEO of the research firm Wall Street Strategies, points out that in 1985, Wall Street bonuses totaled $1.9 billion. The average recipient got $13,970. Since 1985, inflation has run 97 percent in total, according to the Bureau of Labor Statistics. That means that something worth $1 in 1985 would be worth $1.97 today. So follow the math:
Wall Street bonus pool in 1985: $1.9 billion
Value in 2008, if indexed for inflation: $3.75 billion
Actual 2008 bonus pool: $18.4 billion
Amount by which bonus pool exceeded inflation: 490 percent
Average Wall Street bonus, 1985: $13,970
Value in 2008, if indexed for inflation: $27,580
Actual average bonus, 2008: $112,000
Amount by which average bonus exceeded inflation: 406 percent
So pay for top Wall Streeters has risen 4 to 5 times as much as the rate of inflation since 1985. Of course those bankers are worth it, because of all the great things they’ve done for America during that time, like engineer the Long-Term Capital Management meltdown in 1998, the tech bubble that burst in 2001, the housing bubble that’s still bursting, a credit freeze that’s producing hypothermia at hundreds of real companies that actually make stuff, and the near collapse of the financial markets.
[See why it was a good move to let Lehman Brothers fail.]
If there’s a crowning absurdity, it’s that Wall Street mustered any bonuses at all in a year when the industry lost $34 billion. Does anybody else in America get a bonus when their company tanks? “Rewarding cataclysmic failure like this has to be what led to the fall of the Roman Empire,” Payne wrote in a recent note to clients.
It’s worth pointing out that not all Wall Street firms are as wayward as big offenders like Citigroup, Merrill Lynch, AIG, and Bank of America. Many made money in 2008, and any firm that isn’t asking for taxpayer handouts should be allowed to pay its people whatever it wants.
[See five pieces missing from Obama's stimulus plan.]
But the bonus brouhaha reveals so many disconnects in the financial industry that it could end up being a pivotal moment in the dismantling of the old Wall Street. Derivatives and “funding facilities” are hard for most people to understand. But gimme gimme gimme is a corruption we all understand. If the politicians didn’t have a clear rallying cry for going after Wall Street before, they sure do now.
Nice and abrupt. Thanks for the courtesy, YAK
PDS chart
Link back for the updated chart? I am sorry--I do not understand
Chart on HAYZ
Nice chart, penny ta
Thanks
CTT, AWEC, GTCB
awec
.95 is the key point on RTK
I am in on GNTA. Ka Ching soon
Edward? You put up an annotated chart on a green technology companynthat I think will benefit from Obama's interest in refurbishing the Government's portfolio of buildings that are antiquated when it comes to energy efficient lighting and the like.
The chart you did is about 10 days old and it looks like AXTG is creeping up to your breakout point--or resistance point.
How about another when you have time? I would appreciate it greatly.
And have a great day.
Actual AXTG chart--lol
Agreed on AXTG- .42 would be a breakout. But only with big volume for the stock--like 150,000-250,000 shares. They are where some of the action will be with their green technology. With the right news, that volume could come in.
AXTG