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The only people selling is the company. That's not exactly a vote to buy stock, if you ask me. The average daily volume for the past 90 days is nearly 25M. Do the math and you'll see that this comes out to around 1.2B shares. Compare that to the 10K numbers and you'll see what I mean.
Holy cow have the printing presses been working over time. Another 1B+ shares this past quarter. From 225,726,363 to 1,280,130,661 shares and up from 12,680,066 shares in the past 2 quarters. At an average of .001, that's over $1M in EC's pocket just in this past quarter alone. Where's all that money going? Yup... that r/s is coming any day. Why bother mining the coal when selling the stock is much more profitable. What a racket!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43867000
Posted by: KingofPennies Date: Monday, November 23, 2009 5:17:09 PM
In reply to: smaz1969 who wrote msg# 19218 Post # of 19951
Look at that dilution! The printing presses were working over time. An additional dump of over 213M shares. Let's say that comes at an average of .02, then we are looking at a whopping $4.3M in the hands of Eugene. Where is all this money going? Shareholders should be screaming and demanding answers!
As of August 12, 2009, 12,680,066 shares of our common stock were outstanding.
http://ih.advfn.com/p.php?pid=nmona&cb=1259014246&article=39057211&symbol=NO%5EQMIN
As of November 18, 2009, 225,726,363 shares of our common stock were outstanding.
http://www.sec.gov/Archives/edgar/data/1130126/000114420409061474/v167374_10q.htm
The big sell off is right around the corner.
A whopping 81% sells today.
Some real nutjobs posting on QYUM these days.
It might move up some. But, expect it to come right back as the printing press will start rolling again.
Auxer was into telecom and automotive crap like waxes and shit. Then, they got into Viva airlines which was a couple of small plans out of Michigan. They spun the wax crap off into to Harvey which then was a share spin off that got people all excited and crapped out with a massive r/s. The Viva/Auxer part was promoted by Bruce Pollock whom ended up wanted by the SEC. He was last seen with a Viva plane somewhere around Panama. Eugene ran off with a ton of shares he sold and still owns the Harvey shell. That led him to QYUM where he has pulled all the same crap again and again. And expect more of it as his son, Eugene III owns the accounting company, Green Moutain (or something like that) that QYUM uses to report through. Let's not forget that Eugene is the "Jr" where he landed his ass in prison back in the later 1980s working the broiler room for Eugene Sr. His operations were set up in the Swiss alps or somewhere like that. This is where he got his Frankfurt connection which they use today to flood their shares. Then, the banking is all done through the Canary Islands, which allows it to all to be washed clean, free from the feds.
I know a lot more details if you're interested. What I can say, is when you see people like spaz and now this nutjob guy talking out of their ass about the "coal mine", they have no idea that the man behind the curtain is really nothing but a scumbag just waiting to steal everyone's money.
The big correction is coming really really soon.
It sure does. I wonder if it's Eugene.
71% sells today
CBO report: Debt will rise to 90% of GDP
http://www.washingtontimes.com/news/2010/mar/26/cbos-2020-vision-debt-will-rise-to-90-of-gdp/
Social Security payout to exceed pay-in this year
http://www.msnbc.msn.com/id/36028908/
By all means. The markets are totally set for a big correction.
The Great Disconnect: Stocks 30% Overvalued and Still Going Up ... and Housing Rolling Over
http://finance.yahoo.com/tech-ticker/the-great-disconnect-stocks-30-overvalued-and-still-going-up-...-and-housing-rolling-over-449718.html?tickers=dia,spy,%5Edji,%5Egspc,xlf,xhb,%20
Housing's Big "Shadow": Up to 10M More Homes Could Be for Sale, Zillow.com Says
http://finance.yahoo.com/tech-ticker/housings-big-shadow-up-to-10m-more-homes-could-be-for-sale-zillow.com-says-448362.html?tickers=XHB,PHM,DHI,LEN,TOL,HD,LOW&sec=topStories&pos=8&asset=&ccode=
Fox News Poll: 79% Say U.S. Economy Could Collapse
http://www.foxnews.com/politics/2010/03/23/fox-news-poll-say-economy-collapse/
Wow! 89% sells on Tuesday. Look out below!
And they probably have their bags packed and ready to leave the country, too.
It's called safe harbor.
DOW futures -89
Merkel Tells Investors Not to Expect Greek Aid Pact This Week
http://www.bloomberg.com/apps/news?pid=20601068&sid=a0vYcCbtY8_0
It's here, Bucky. The mighty market crash is upon us.
DOW Futures -60
Court orders Federal Reserve to release details on the $2 trillion bailout
http://www.nydailynews.com/money/2010/03/19/2010-03-19_court_orders_federal_reserve_to_release_details_on_the_2_trillion_bailout_.html#ixzz0irqZkiVf
Discount-Window Future Darkens After Court Move
http://blogs.wsj.com/economics/2010/03/19/discount-window-future-darkens-after-court-move/
Emerging-Market Stocks Fall as India Raises Rates, Metals Drop
http://www.businessweek.com/news/2010-03-19/most-emerging-stocks-rise-in-longest-weekly-rally-since-may.html
DOW Futures -49
Health Bill Would Add 3.8% Tax on Investment Income
http://www.businessweek.com/news/2010-03-18/health-bill-said-to-add-3-8-medicare-tax-on-unearned-income.html
Cramer: Health Care Passage 'Will Topple the Stock Market'
http://www.businessandmedia.org/articles/2010/20100319055725.aspx
Yup. And many more.
Watch the vote here LIVE!
http://www.cnn.com/video/flashLive/live.html?stream=stream/2&hpt=T1
Week Ahead: Health Care Could Bruise Stocks in Short Term
http://www.cnbc.com/id/35956840
Health care reform could be a temporary dose of bad medicine for stocks, at least in the immediate term.
As the House of Representatives moved toward a vote on a health care reform bill, Wall Street was gaming both the legislation's chance of success and its potential impact on markets.
"Buy if it fails. Sell if it passes. But I don't think it will have any sustained and significant market impact," said Larry Kantor, head of research at Barclay's.
"They're going to tax insurance companies, so they're losers. Small firms with more than 15 employees are going to have to provide health care or they're going to have to pay a fee, so they're hit. One would think hospitals would be winners because hospitals pick up the tab for uninsured people. It's not that there's no change. It's just that there's so much controversy around it, you think it's radical change but it's not that radical," he said.
The House voted was expected to be held Sunday if Democrats could secure enough votes to pass the bill.
"It's going to be razor thin either way," said Dan Clifton, policy analyst at Strategas Research. Clifton said the market's reaction was a bit surprising this week, as health insurance stocks advanced even as the the bill moved closer to a vote. "I didn't expect them to be up 9 percent in a week. You'll probably see them drop if this passes," he said.
"There's nothing positive about the government spending $1 trillion over 10 years, and using capital gains taxes to pay for it. It's going to stifle growth," said Clifton.
Jeffery Saut, Raymond James chief investment strategist, said the market could use the vote as an opportunity to sell into a very overbought condition. "The market is very long in the tooth right here. The New York Stock Exchange overbought indicator is over 90. That's historic," he said noting that's happened 62 times since 1926.
The market slowly drifted higher this past week, closing at an 18-month high. The Dow was up 1.1 percent to 10,741. The Dow slipped 37 points Friday, breaking an eight day winning streak. The S&P 500 rose 9, or 0.9 percent to 1159, and the Nasdaq was up 0.3 percent to 2374. The week's best performing S&P sector was telecom, up 2.4 percent, followed by industrials, up 2.2 percent. Health care was up 1.5 percent. Materials and Energy were the laggards down just under 1 percent.
"We've got almost 90 percent of the stocks in the S&P 500 above their 50-day moving average. It rarely gets that high. The point is that in the very short term, the markets are way overextended and they're looking for a reason to pull back. Whether they pull back next week is question because you have end of quarter window dressing," said Saut.
"The question is does the window dressing turn into undressing if the bill passes," he said.
UBS chief equities strategy Binky Chadha, however, said that aside from a possible immediate reaction, the passage of the bill would not be a negative for stocks.
"Uncertainty is the key issue in the market. Equities is about earnings, but even more I would argue it's about multiple. The multiple responds to uncertainty," he said, adding resolution either way should ultimately help the market higher. Chadha sees the market continuing its upward move and says the S&P could reach 1250 by the report of the April jobs report in early May.
Kantor said the next economic report of importance for the markets, in fact, is the March jobs report. "I do think that employment report on April 2 is going to be key. It wasn't like the last one was strong. It was just not terribly weak. If you don't see something over 100,000 in payrolls, that's going to be a big disappointment and the market's going to have a setback. You need to see significant job growth to keep the markets moving up," he said.
Econorama
In the week ahead, there is key housing data, including existing home sales on Tuesday and new home sales on Wednesday.
The Chicago Fed releases its national activity index for February on Monday. Durable goods are reported Wednesday and weekly jobless claims are reported Thursday. The final reading on fourth quarter GDP is released Friday, as is consumer sentiment. The Treasury auctions
What Else to Watch
The dollar in the past week gained 1.7 percent against the euro, as worries about the Greek debt crisis pulled the currency down. Greece will again be in focus in the coming week as the EU holds a summit in Brussels Thursday and Friday. European Commission president Jose Manuel Barroso urged EU leaders to spell out how they would provide aid to Greece.
China in the News
Google [GOOG 560.00 -6.40 (-1.13%) ] on Monday may announce its exit plan from China, following a major cyber attack on its site and a dispute with the Chinese government over censorship.
On Wednesday, the House Ways and Means Committee holds a hearing on China's currency policies, after members of Congress in the past week lobbied Treasury to term China a currency "manipulator."
In Shanghai, meanwhile, the trial of four Rio Tinto executives accused of stealing commercial secrets and taking bribes begins on Monday.
Fed Speak
Fed Chairman Ben Bernanke was to speak to ICBA community bankers in Florida Saturday.
St. Louis Fed President James Bullard appears Monday on "Squawk Box," with CNBC economics correspondent Steve Liesman.
There are quite a few other Fed speakers out and about. Atlanta Fed President Dennis Lockhart speaks Monday on the economic outlook.
San Francisco Fed President Janet Yellen, nominee for Vice Chair, speaks Tuesday on the economic outlook. Philadelphia Fed Chairman Charles Plosser speaks on policy issues in Prague Tuesday, and Kansas City Fed President Thomas Hoenig speaks Wednesday at the U.S. Chamber of Commerce in Washington.
Fed Vice Chairman Donald Kohn also speaks Wednesday in North Carolina, and Fed Governor Kevin Warsh speaks on central bank independence Thursday. Fed Governor Daniel Tarullo speaks in Washington Thursday at the International Research Forum on Monetary Policy.
The House Financial Services Committee will hold a hearing Thursday on the bankruptcy of Lehman, following a scathing report by the court appointed bankruptcy examiner on the firm's failure. Lehman officials were accused of using "gimmicky" accounting, and the Fed and other regulators were criticized in the report.
Earnings Central
There are a few earnings in the coming week, including Oracle [ORCL 25.19 -0.19 (-0.75%) ] and Best Buy [BBY 40.99 0.54 (+1.33%) ], which report Thursday. Tiffany [TIF 47.25 -0.33 (-0.69%) ] reports Monday, Walgreen [WAG 34.53 -0.29 (-0.83%) ] reports Tuesday, and General Mills [GIS 73.34 -0.30 (-0.41%) ] reports Wednesday.
Obama, Democrats Secure Votes for Health Care Bill
http://www.cnbc.com/id/35971493
WASHINGTON - President Barack Obama and House Democratic leaders struck a last-minute deal Sunday with abortion foes to secure the final few votes needed to remake America's health care system, writing a climactic chapter in a century-old quest for near universal coverage.
The House argued its way through a thicket of Republican objections toward an evening vote on the bill to extend coverage to 32 million Americans who lack it, ban insurers from denying coverage on the basis of pre-existing medical conditions and cut deficits by an estimated $138 billion over a decade.
Passage of a central health care bill already cleared by the Senate would send it to Obama for his signature. That still would leave one more step, a companion package of changes that would go to the Senate.
In the first of three showdown votes Sunday, a "rule" to establish guidelines for the ensuing health care debate was approved by a 224-206 margin. That indicated the Democratic leadership had the votes for later approving the Senate-passed bill and then the fix-it bill. Its passage would set up a final showdown in the Senate in the days ahead, where Majority Leader Harry Reid says at least 50 votes are in hand for its final approval under a fast-track procedure known as reconciliation.
The stakes could not have been higher for Obama's presidency. Obama has made health care reform the defining issue of his first year in office. Republicans hoped that by blocking the legislation, they would be able to thwart Obama's ambitious domestic agenda, including immigration reform and climate change legislation.
Futures falling off a cliff right now.
Grab any TZA at $7? Market momentum is turning down.
I'm back in ZVTK at it's lows simply because it's a Tarun stock and no other reason. A double so far.
I'll be happy with .015
Yes, I do. And I have a ton of shares, too!
The order number cannot be used to calculate the number of bulbs sold.