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DVX chart
RIMM chart---
Where is the chat, xbig?
I am in
Added them, ch. Thanks
Clay, could you do two charts? AXTG and CCSE?
Thanks in advance. I appreciate your work on the board--and I believe everyone here does too.
Godd luck this year.
Penny Bottom Plays for Next Week. I agree with you Cargo hauler. This is a great time to buy the beaten down stocks and wait for PR for a pop. Trade 'em--don't marry 'em
CYBL
AXTG
GPGD
CCSE
Everyone is selling the retailers --taking advantage in the next two days to book the loss. But not EVERY retailer is going out.
PIR, RVI (Filene's Basement and DSW Shoes) and Stein Mart will actually benefit. IMO
PIR, SMRT and RVI are all retailers that I think will survive an do well as their competition goes out of business
Watching your SANM, Clay, after doing some DD
Roller coaster. NFLD
boobytx, SAY looking good after the year is over.
AXTG double bottom chart --makes you go "Hmmmmmm--"
MDVX looks like it is headed towards a Blue Sky Breakout.
Thanks for the alert.
con--I think AXTG is a great play from its near 52 week lows here. I thought the selling was over when it popped to .47 from 10 days ago--and it happened so fast even I sold a good bit for a nice short term profit.
But apparently there was more tax selling out there. And back down again. Rebought again down here. Hell, if I can get 50% or better in a few weeks--I am there.
Bet AXTG is back over .50 before January is over. JMO--but green technology and Obama is a sweet spot to be in.
Good luck on your trading. Cheers
Merry Christmas, 4God
Merry Christmas
Merry Christmas
Merry Christmas
Merry Christmas to you too.
Merry Christmas to all!
Hammer time! Love a nice close especially when searching for a bottomn
Got into AXTG at the close. Trade this sucker nicely, Mrbigz. You might want to put it on watch. Up and down--
RFMD is on watch too. For a January move
ANPI traded up after hours to .47, SOW
Not bad. Congrats
Nobody Is More Hopeless With Money Than the Rich
Commentary by Matthew Lynn
Dec. 23 (Bloomberg) -- There should be certain things you can take for granted about wealthy people. They like big yachts. They play golf. And they are usually smart with their finances.
After all, if they weren’t good at handling money, they wouldn’t have managed to accumulate so much of it.
And yet one of the interesting angles on the credit crunch is just how hopeless the wealthy have been at managing their cash.
Examples are everywhere of how some tycoons have come badly unstuck during the market meltdown of the past few months.
The most spectacular is Bernard Madoff, who was arrested earlier this month after owning up to a $50 billion fraud. All of his clients were among the well-heeled, including the foundations of filmmaker Steven Spielberg and the New York Mets owner Fred Wilpon. All of them were complacent about Madoff’s apparent ability to produce stunning investment returns year after year without really explaining how he did it.
In Britain, David Ross, one of the founders of Europe’s largest mobile-phone retailer Carphone Warehouse Group Plc, stepped down from the management board when it turned out he had been using company stock as collateral for big loans. Germany’s billionaire Merckle family has also run into trouble with debt- financed loans and wrong bets on Volkswagen AG stock.
Russian Billionaires
In China, Huang Guangyu, the former chairman of Gome Electrical Appliances Holdings Ltd. and one of the country’s richest individuals, was arrested last month on suspicion of stock manipulation. As for Russia’s billionaires, it is best not to inquire about the state of their finances. The 25 wealthiest Russians on Forbes magazine’s list of billionaires, including Oleg Deripaska and Roman Abramovich, lost a combined $230 billion from May to October this year. Even in Moscow, that must hurt.
It seems a sure bet that when Forbes publishes its next list, there will be fewer zeros next to the names. It might even have to become a millionaires list.
There are three lessons to be drawn from the bungling of wealth by the world’s rich people.
First, there are a lot of bubble billionaires out there. For the last 20 years, borrowing money and using it to buy assets was a great strategy. It made you rich. But rather like ice fishing, it is a skill that is useful only in a particular set of circumstances. That isn’t to disparage leverage. It takes a lot of guts to borrow on that scale, and most of us don’t have the stomach for it. But the rules of the game have flipped. On the way down, leverage hurts you as much as it helps on the way up.
Taste for Gambling
Next, the rich like to take risks. That is how they made their fortunes, rather than by working in, say, the local town- planning office. They hardly need the money. Nor are they hedge- fund managers who have to keep hitting 15 percent annual gains to keep their investors on board. The only explanation is that they like to gamble. It’s in the gene pool, and they can no more change it than they can the color of their eyes.
Lastly, we have been through a period of extraordinary excess. A world in which Saudi Prince Alwaleed bin Talal can buy an Airbus A380 for his own use, and Russian oligarchs buy soccer teams for little more than their amusement, is one in which the cost of cutting a dash with the billionaire set has mushroomed out of control. It doesn’t matter how rich you are. There is always a guy in the next yacht who has more than you do.
The wealthy are, naturally enough, more prone to peer-group envy than most people. There is nothing hermit-like about them. That’s why they became rich. Who wants a private box at a sports event when someone else owns the whole team? It gets on your nerves. And in a desperate bid to keep up, the wealthy got greedier and greedier, until they took one chance too many. And it all blew up in their faces.
Of course, there are some exceptions to the rule. Warren Buffett remains resolutely frugal, which is why he hangs on to his fortune. For most other rich people, “smart with money” is a myth that has been shattered this year.
(Matthew Lynn is a Bloomberg News columnist. The opinions expressed are his own.)
To contact the writer of this column: Matthew Lynn in London at matthewlynn@bloomberg.net.
Last Updated: December 22, 2008 19:01 EST
Energy Problem Solved!!-- Fill 'Er Up With Human Fat
Peter C. Beller, 12.22.08, 05:00 AM EST
How a Beverly Hills doctor powered his SUV using his patients' spare tires.
Liposuctioning unwanted blubber out of pampered Los Angelenos may not seem like a dream job, but it has its perks. Free fuel is one of them.
For a time, Beverly Hills doctor Craig Alan Bittner turned the fat he removed from patients into biodiesel that fueled his Ford SUV and his girlfriend's Lincoln Navigator.
Love handles can power a car? Frighteningly, yes. Fat--whether animal or vegetable--contains triglycerides that can be extracted and turned into diesel. Poultry companies such as Tyson are looking into powering their trucks on chicken schmaltz, and biofuel start-ups such as Nova Biosource are mixing beef tallow and pig lard with more palatable sources such as soybean oil. Mike Shook of Agri Process Innovations, a builder of biodiesel plants, says this year's batch of U.S. biodiesel was likely more than half animal-derived since the price of soybeans soared.
A gallon of grease will get you about a gallon of fuel, and drivers can get about the same amount of mileage from fat fuel as they do from regular diesel, according to Jenna Higgins of the National Biodiesel Board. Animal fats need to undergo an additional step to get rid of free fatty acids not present in vegetable oils, but otherwise, there's no difference, she says.
Greenies like the fact that waste, such as coffee grounds and french-fry grease, can be turned into power. "The vast majority of my patients request that I use their fat for fuel--and I have more fat than I can use," Bittner wrote on lipodiesel.com. "Not only do they get to lose their love handles or chubby belly but they get to take part in saving the Earth." Bittner's lipodiesel Web site is no longer online.
Using fat to fuel cars might be environmentally friendly, but it's definitely illegal in California to use human medical waste to power vehicles, and Bittner is being investigated by the state's public health department.
Although it's unclear when Bittner started and stopped making fat fuel or how he made it, his activities came to light after recent lawsuits filed by patients that allege he allowed his assistant and his girlfriend to perform surgeries without a medical license.
Attorney Andrew Besser, who represents three patients, says the assistant and girlfriend removed too much fat from clients and left them disfigured. Dozens of other patients have complained to the state medical board, Besser says. The board is investigating Bittner but declined to comment.
Related Stories
The investigations, however, might go nowhere: Bittner closed his practice, Beverly Hills Liposculpture, in November and moved to South America to do volunteer work at a clinic, according to a note on his Web site. Besser says Bittner likely fled the country because of the investigations. Bittner's lawyer didn't return calls seeking comment.
INCOMING!
MetLife Drops as Commercial Mortgage Defaults Loom (Update1)
Email | Print | A A A
By Andrew Frye
Dec. 22 (Bloomberg) -- MetLife Inc. and Prudential Financial Inc., the largest U.S. life insurers, declined in New York trading on concern that losses on commercial mortgages will surge as the recession deepens.
No. 1 MetLife dropped $4.77, or 13 percent, to $32.64 at 2:21 p.m. in New York Stock Exchange composite trading. Prudential, based in Newark, New Jersey, fell $3.04, or 10 percent to $26.19. Lincoln National Corp. declined 12 percent.
Life insurers have cut jobs, curtailed stock buybacks and reduced dividends as losses on stocks, asset-backed securities and corporate debt deplete capital. The industry, which puts about 10 percent of its invested assets in commercial mortgages, may see losses rise to the highest levels since the early 1990s, according to Randy Binner, a life insurance industry analyst at Friedman, Billings, Ramsey Group Inc.
Commercial mortgage defaults are “certainly on the forefront of the radar screen,” Binner, said in an interview. Binner lowered his stock recommendation on Prudential to “market perform” today from “outperform.”
Prudential and Philadelphia-based Lincoln National have each plunged about 70 percent this year, compared with the 47 percent fall at New York-based MetLife.
U.S. commercial properties at risk of default could triple if rental income on apartments, offices and retail buildings drops even five percent, according to New York-based real estate analysts at Reis Inc.
Apartments, Offices
MetLife’s commercial mortgage portfolio totals about $36 billion and accounts for about 12 percent of invested assets. The insurer also has $15.9 billion in securities linked to other loans on commercial property.
MetLife has “a defensive position” in commercial mortgages, Chief Investment Officer Steven Kandarian told investors on an Oct. 30 conference call. The portfolio’s average loan-to-value ratio is 57 percent, and as of Sept. 30 less than $2 million of the loans were delinquent, Kandarian said.
To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net.
Last Updated: December 22, 2008 14:29 EST
Glad I waited on AXTG, speedtrader. Expected a bit of a pullback, but the last days of every year you can do well on the tax loss "harvesters". LOL
Just got some AXTG today at .25 --almost bought on Friday at .38
Ka-Ching!
CHARTS that work for bounces in Jan--IMO----
ENZ
IWEB
RFMD
Time for tax loss BUYING.
Looking at those that have good stories and prospects for next year, but are down substantially and tempt the current shareholders to sell just for the tax loss.
You know, SPEEDTRADER, buy in December to sell in January for the bounce.
CHARTS--
ENZ
[chart}stockcharts.com/c-sc/sc?s=enz&p=D&b=5&g=0&i=p38180285140&a=155914341&r=905
IWEB
[chart}stockcharts.com/c-sc/sc?s=iweb&p=D&b=5&g=0&i=p38180285140&a=155914341&r=905
RFMD
[chart}stockcharts.com/c-sc/sc?s=rfmd&p=D&b=5&g=0&i=p38180285140&a=155914341&r=905
Don't Be Scammed by Madoff Investor Sob Stories
by: Matthew Rafat December 21, 2008
When you click on the SIPC website, you will see a pop-up screen for "Madoff claims." I've been reading stories about the hard-luck investors and charities that invested with Madoff all over the place. In fact, Saturday's WSJ could almost be called propaganda designed t
o make readers feel sympathy for Madoff investors (thank God for the James Grant article, which salvaged the issue). Don't fall for it. These investors knew what they were getting themselves into when they invested with a hedge fund.
First, only sophisticated investors can invest with hedge funds. A hedge fund is a private investment fund open to a limited range of investors. Such a fund is less regulated and allowed to undertake a wider range of activities than other investment funds. Basically, the rich have created a separate avenue of investment designed to make them even more rich--or, in some cases, less rich. Hedge funds come with unique risks--and everyone knew that going in. That's partly why few people asked questions--a hedge fund is designed to be less regulated, so there's more allowances made for secrecy.
Second, you should always be wary when the government or the media says Wall Street should have more protection or attention than Main Street. Investors like you and me are limited to KKR Financial (KFN) or Blackstone (BX) if we want a piece of the hedge fund mystique. How are those stocks doing? Well, KFN is around 57 cents per share. BX is about $6/share, with a 52-week high of $23.87/share. In short, Main Street investors didn't do much better than Madoff's investors--and the SIPC isn't going to help us. Why should Madoff's investors--who already had access to a special fund--get special help or special sympathy? I don't see sob stories featuring Blackstone or KKR investors.
I am deeply concerned that taxpayer monies may be used to reimburse Bernie's rich investors more than the usual $500,000 SIPC coverage. Taxpayers are already paying Bernie's investors half a million dollars each. I fear that Congress will increase the cap of SIPC insurance, purportedly as a populist move (I can already hear the words, "For our protection")--and then make the increased limits retroactive. If that happens, taxpayers will be on the hook for even more money, all to be paid to sophisticated, rich investors.
Don't be scammed. Madoff's investors were doing fine before Madoff, and they are still better off than 99% of the American population today. If they convince you otherwise, perhaps they really do deserve to be called sophisticated investors--after all, if Madoff's rich investors are smart enough to get reimbursed for 100% of their losses when they knowingly invest in a less regulated fund, the American taxpayer is indeed unsophisticated.
Looking at alot of tax loss BUYING ideas now. THose stocks that have gotten clobbered--expecially recently, usually pop up in January after those investors that want to sell a BIG loser for the tax loss sell--and others WAIT to buy.
Looking to buy a few BEFORE the end of the year with high 52 week highs-- on all exchanges.
So far---ENZ, IWEB, FMCN,
RFMD short interest.
sweet...
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
11/28/2008 18,368,553 3,135,162 5.858885
oops--CDNS chart
Charts--RFMD, CDNS, SAY, AXTG
CDNS
SAY
AXTG
I agree on RFMD. Looking for $1.20 soon
Thanks for the chart on
AXTG, pennies. Needs more volume--but it is holding up
Slow and easy, make it count. RFMD on a trend
Yeah. Bought some in the twenties and waited--longer than I thought I needed to--but when it started to move last week i got alot more. Wish I could buy a stock ALL the time rightbefore a big move, but sometimes a longer hold makes you more confident to buy more than you normally would
Dimming fluorescent lighting for saving energy is a great idea, IMO.
Hey, I like bottom plays with a story. What can I say?
EGI
Thanks. You gotta celebrate when you have a reason, right?
Hope it opens good tomorrow
I get ideas on IHUB all the time, aliangel. Just trying to contribute.
AXTG moved great through resistance at $0.43. Tomorrow should be interesting. Nice technology in the green sector.