Reverse Stock Split vote:

I pass this along via the General Stocks Ideas board, thanks to ombo. I found the exact link by going to polymedix's website, www.polymedix.com, and finding the link on their site. It is titled a sec filing prelim 14a form. It looks like a "mock up" letter to shareholders without the date filled in, just March ___,2012.

Link here:

http://www.investors.polymedix.com/secfiling.cfm?filingID=1341843-12-6&CIK=1341843

I sold my pymx this morning on this news. I had an order in to buy more just two days ago at 1.29..... I have no position in the stock at this point, but I do like it, and may very well own it again.

thanks ombo for posting this, if you look at that thread, someone posted a link to a filing put out yesterday with that info.... I sold mine today and got a reasonable price for it based on this news, as I can't remember a positive personal experience from riding out a reverse split off the top of my head. I had an order in to buy more at 1.29 just two days ago.....

Based on my recent experience with thld, i am likely way off, but we each have to do the best we can with the info we have.....

May 1st will be here soon so time will tell if this means the price drifts lower, or if they annouce something positive along with this news, like shares for a partner or something....

of course i know you are correct, that i should be dollar cost averaging in my shorts, just like i like to do with my longs....but i chickened out and covered pre market as i will be away from the computers for most of the trading day....took small loss....for me it is important not to hang onto lossers for too long, no matter how painful....this strat allows me multiple tries on goal, keeps losses low and trading costs, in part thanks to hft, near nill...

I went short some spy today but got caught in the 3pm stampede as I stared open mouthed at the relentless late day climb....not too much and glad i have it, hard to pick exact extremes.....take about 3000 dow points off sounds about right to me, so likely we will trend ever higher, ugg.

last 45 minutes has been an unadulterated, all hands on deck, buying bonaza, yikes.....

don't know, that vix can stay low for extended periods, relaxed, just like prolonged periods of fear.....

spy went nuts about 3pm as the machines chase each other,

had the tube off today, did the fed's announce qe3 ?

Cortex Reports Issuance of Next Generation of AMPAKINE® Patents

Date :
03/13/2012 @ 8:31AM
Source :
Business Wire

Stock :
Cortex Pharmaceuticals, Inc. (CORX)
Quote :
0.09 0.0 (0.00%) @ 9:33AM

Cortex Reports Issuance of Next Generation of AMPAKINE® Patents

http://ih.advfn.com/p.php?pid=nmona&article=51596643&symbol=CORX

Cortex Pharm (OTCBB:CORX)
Intraday Stock Chart

Today : Tuesday 13 March 2012

Cortex Pharmaceuticals, Inc. (OTCBB:CORX) announced the issuance by The United States Patent and Trademark Office (USPTO) of two key patents that protect the next generation of AMPAKINE® compounds. Specifically, these new AMPAKINE patents cover a series of compounds including the lead preclinical compounds, CX2007 and CX2076. These compounds exhibit a long duration of action and excellent pharmacokinetic properties, making them ideal for a once-a-day therapy.

The USPTO issued both a composition-of-matter patent and a divisional patent covering methods of use, including the treatment for a broad range of breathing disorders such as opioid-induced respiratory depression, sleep apneas, stroke-induced central sleep apnea, congenital hypoventilation syndrome, obesity hypoventilation syndrome, sudden infant death syndrome, Cheney-Stokes respiration, and additional orphan drug indications. These issued patents will provide protection from competitors through August 2028.

“These two sets of patents are significant for Cortex in different ways,” said Mark Varney, Ph.D., Cortex President and CEO. “One defines a new composition-of-matter patent, while the other protects our ability to use these compounds for the treatment of opioid-induced respiratory depression and other related breathing disorders for which no approved oral medication exists.” Dr. Varney also stated, “The CX2007 and CX2076 patent provides added protection to our portfolio of patents covering specific AMPAKINE molecules and their uses, particularly in breathing-related disorders such as opioid-induced respiratory depression.”

Cortex previously reported the issuance by the USPTO of the composition-of-matter patent for the Company’s lead oral “low impact” AMPAKINE, CX1739, which is currently in Phase II development, as well as CX1942, the first water soluble AMPAKINE for intravenous administration. The related patent provides protection for these compounds through July 2028. More recently, the Company also announced the issuance of a broad method-of-use patent providing protection for the use of AMPAKINE molecules in treating breathing-related disorders such as opioid-induced respiratory depression. “Viewed together, these patents reflect the expanding scope of Cortex’s AMPAKINE patent portfolio over the next 16-18 years, and in particular the Company’s focus on breathing-related disorders,” stated Dr. Varney.

Drug Induced Respiratory Depression

Drug-induced respiratory depression (RD) is a life-threatening condition caused by analgesic, hypnotic, and anesthesia medications. RD is a leading cause of death from the overdose of abused prescription and illicit drugs, but RD can also arise during normal, physician-supervised procedures such as post-operative analgesia, and as a result of out-patient management of chronic pain. Currently, the most common treatment of opioid-induced respiratory depression is to administer an opiate receptor antagonist such as naloxone. Opioid antagonists do dramatically reverse RD, but at the expense of reduced effectiveness of the management of severe pain. Data accumulated to date has demonstrated that AMPAKINE compounds have the ability to prevent respiratory depression due to opioid painkillers without interfering with the desired analgesic properties. AMPAKINE compounds, unlike opioid antagonists, also appear to be effective in preventing RD in animals treated with other types of commonly prescribed central nervous system depressants, without affecting their desired effect.

Cortex Pharmaceuticals, Inc.

Cortex, located in Irvine, California, is a clinical-stage specialty pharmaceutical company focused primarily on the discovery, development and commercialization of positive AMPA-type glutamate receptor modulators. Cortex has pioneered a class of proprietary pharmaceuticals called AMPAKINE compounds, which act to increase the strength of signals at connections between brain cells. Recent research has focused on the use of AMPAKINE compounds for the potential treatment or prevention of respiratory depression induced by opioid analgesics, anesthetic agents and benzodiazepines, as well as the potential treatment for central sleep apnea. For additional information regarding Cortex, please visit the Company’s website at http://www.cortexpharm.com

Forward-Looking Statement

Note — this press release contains forward-looking statements concerning the Company’s operating activities. Words such as “believes,” “anticipates,” “plans,” “expects,” “indicates,” “will,” “intends,” “potential,” “suggests,” “assuming,” “designed” and similar expressions are intended to identify forward-looking statements. These statements are based on the Company’s current beliefs and expectations. The success of such activities depends on a number of factors, including the risks that the Company may not generate sufficient cash from operations and from external financing to continue as a going concern; that the Company may not be successful in securing any licensing, partnering or M&A arrangements; that the Company’s proposed products may at any time be found to be unsafe or ineffective for any or all of their proposed indications; that patents may not issue from the Company’s patent applications; that competitors may challenge or design around the Company’s patents or develop competing technologies; that the Company may have insufficient resources to undertake proposed clinical studies and that preclinical or clinical studies may at any point be suspended or take substantially longer than anticipated to complete. As discussed in the Company’s Securities and Exchange Commission filings, the Company’s proposed products will require additional research, lengthy and costly preclinical and clinical testing and regulatory approval. AMPAKINE compounds are investigational drugs and have not been approved for the treatment of any disease. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this press release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

from the linkedin profile:

===Specialties
fixed income arbitrage, credit structure arbitrage, convertible arbitrage, volatility arbitrage====

not your average joe sixpack with those skills.....i think mfeast might do some of that stuff, but not many others post about it....

vix hit 13.99 this morning....EOM

Debt, the American Way
By Al Lewis | The Wall Street Journal EG – 1 hour 5 minutes ago.

http://finance.yahoo.com/news/debt--the-american-way-.html

America is back. You can tell because Americans are maxing out their credit cards again.

Household debt grew at an annualized rate of 0.25% in the last quarter of 2011, according to the Federal Reserve's flow-of-funds report released last week. That's not a big jump, but until now there hadn't been any uptick at all in household debt since the 2008 crash.

"Consumers have been more willing to use credit cards for shopping, signaling renewed confidence in their financial and job prospects," explained Paul Edelstein, director of financial economics at IHS Global Insight, in a recentAssociated Press report.

[More from WSJ.com: A Tax Break for Supporting Relatives]

Banks are lending, consumers are borrowing and China is busy making us more stuff.

Who knew getting out of an unprecedented debt crisis was this easy? Print trillions of dollars for the banks, give Wall Street speculators zero-interest loans, and run up the national debt clock to $15 trillion.

Whip out your credit card, if you've still got one, and enjoy it while it lasts.

"We all know it's going to happen," says Louis Hyman. "Interest rates have to go up, and when they do—Kablooey!"

That is the precise technical term for where our debt-addicted economy is headed.

Mr. Hyman is a former McKinsey consultant, a Harvard Ph.D., a Cornell University professor and author of "Borrow: The American Way of Debt."

His book, released in February, is an entertaining romp through the history and culture of credit. It points out that while borrowing has been around for millennia, it was used to finance production, not consumption, for most of that time.

This thing we take for granted, buying houses, cars and electronic gizmos on credit, is a relatively recent development. It created the middle class we know today, but it's also destroying it.

[More from WSJ.com: Personal Time Gets Short Shrift]

"We haven't really dealt with the underlying causes of the crisis," Mr. Hyman says.

And the most basic cause is this: "Consumer debt has crowded out business debt. …GE Capital can make more money issuing credit cards to consumers than it can loaning money to businesses."

Indeed, the interest rates charged for many consumer loans used to be prosecuted as criminal offenses. Banks bought off the lawmakers and became loan sharks with risk-management models singling out borrowers they know can't repay—ruining them and everyone around them as their subprime debts choke the economy.

Mr. Hyman argues our economy will never be fixed until government policy encourages credit to flow more freely to those who produce and less freely to those who consume.

If capital is invested in businesses that can create decent-paying jobs, then maybe people won't need so much credit to buy the things they consume.

Our grandparents would have never imagined taking out a loan for a bite to eat. Anyone who charges a pizza and doesn't pay off the balance at the end of the month eats debt for dinner.

[More from WSJ.com: Use Up Funds in Your FSA]

Americans do not need to eat like this. They need jobs. But the great allocators of capital known as Wall Street would rather keep flipping debt-backed securities. And the great drivers of the U.S. economy known as consumers are increasingly stuck with low-paying jobs and high-interest credit cards.

"When it is more profitable to build an electric car than to invest in a credit card, we will know that the crisis is over," Mr. Hyman writes in his book.

It's such a great book, I didn't have the heart to tell him the news: General Motors just suspended production on the Chevy Volt.
..

Thanks for the heads up gfp, I had just carried Barron's in from the mailbox and never even glanced at the cover! This one and the roundtable issues are my favorites.

I am considering taking thld off of my short list screen as it seems to sit there day after day mocking me for missing it, hitting over 7 today, and having "dropped" to 4.5 or so just a week or two ago.......to say nothing of the 1.21, ARRRRRGH,.

ahh better......

noticed you have been working on your biotech board, any fav's over there?

vix hit 15.23 this morning, 28.10 out in october futures....

Dollar cost averaging in, or out, of positions is most always a good move in my book, no one ever gets the exact highs, or exact lows anyway, unless they are just lucky once in a while.....

I may go short before the day is over as there woud be two days over the weekend where the endless churn higher would be slowed, and I view the potential for a stark downside far outweights the potential for a magic weekend cure for all of the worlds ills.

===assuming the overall market cooperates ====

still watch ole wnr but no longer have any shares. i think the last went for 18....nice run from near 12, but obviously didn't think it would keep going, unreal, the whole dang market just keeps chugging along.

i keep thinking about that guy from 60 minutes talking about how the hft machines "reset" themselves for market battle every day, not careing a lick about valuations, or any of those pesky little details about stocks, so "one has to begin to question the overall valuation of the entire markets." (close to that.)

i, along with a ton of others, no longer trust the markets in any way, and that's a problem for them eventually as the funny free money will eventually be worthless if the world prints enough.

perfect time for last nights premier of "Doomsday Bunkers" on the discovery channel..... a guy on there had developed a home grown robot using an everyday camera that would fire, unattended, machine gun rounds at anyone approching an unattend doomsday bunker, until the owners "needed them." military type guys teaching classes on how to live in, and defend them.. they come complete with septic, running water, blast doors, you name it, 1100 plus sqare feet, fridges, sofas, all underground....yikes.

you have got ice in your viens, i can't fight the tape in here, even though these prices are insane to me. the tv personalites must just be falling all over themselves......insane. felt this way for at least six months before the dot com burst, it just kept rising.....

i think i would rather miss the first leg down, should it ever come, then hopefully pick up some good div payers after the guts are all over the floor.......

Plunge protection team hedging on Greece

March 7, 2012, 5:06 p.m. EST
Commentary: Commits to more free money ahead of key debt
By David Callaway, MarketWatch

http://www.marketwatch.com/story/plunge-protection-team-hedging-on-greece-2012-03-07

SAN FRANCISCO (MarketWatch) -- At some point, the world’s major central banks are going to turn off the three-year spigot of free money supporting much of the world’s economic and market gains these days.

Just not right before a key Greek debt swap on Thursday that could ignite the European crisis all over again.

The Federal Reserve’s signal on Wednesday that it is considering buying more bonds to keep interest rates low was welcomed by global markets stinging from the worst day of the year in their previous sessions. The Wall Street Journal’s Jon Hilsenrath broke the story during the morning trading session in New York, turning a wait-and-see day in the markets into a nice rally for stocks, bonds, and everything except the U.S. dollar. See the WSJ story.

The story brought back into the mix the idea that the Fed and other central banks will continue to spray the world with free money to keep growth moving, and investors optimistic. For the last several weeks, the Fed at least had been backing off from a third round of bond buying in the last few years, or quantitative easing in economic terms, in what’s come to be known as QE3.

Click to Play Markets react to new Fed ideasStocks rose as markets digested news of a Fed bond-buying measure, Paul Vigna reports on digits. Photo: AP.

Perhaps Tuesday’s sharp declines in global markets focused central banking minds on the possibility that Greek debt holders might kill the fragile Greek bailout on Thursday by not swapping their debt for new debt at a huge loss.

While European officials are making all the right sounds about the Greek swap expecting to be successful, the signals of more bond buying come at a suspicious time. Which brings us back to the Plunge Protection Team.

The Plunge Protection Team is a name coined by a Washington Post headline writer after President Reagan set up a “working group” between the government and the Fed to make recommendations on how to maintain integrity in the markets after the 1987 stock market crash.

Conspiracy theorists and Robert Ludlum fans have always charged it with everything from illegally propping up markets to running the financial world from some shadowy, Washington bunker deep beneath Capitol Hill. Others deny it still even exists. The Fed and government never comment, seeming to enjoy the mystery of it all.

I’m not much of a fan of this theory, if only for the reason that I can’t believe any group of government and central bank officials could possibly be smart enough to mastermind strategies to control the markets. If this group did exist, it would more likely to bet the farm on Enron and Lehman Brothers and be plotting right now how to load up on Facebook when it goes public.

But there’s no doubt that after three of years of wrenching financial crisis and the near loss of the entire system, Fed Chief Ben Bernanke and Treasury Secretary Timothy Geithner are more sensitive to market moves than ever. So at some point in the cycle, the myth becomes reality.

The latest Greek hiccup aside, the Fed, the European Central Bank, the Bank of England, the Bank of Japan, and every other central bank contributing to the manipulation of interest rates to near-zero levels are going to have to change this policy. It might be before the Fed’s 2014 deadline. It could be well after.

But when that happens, there will be great weeping and gnashing of teeth. Bond yields will soar, and prices will plummet. Stocks will react as the dollar leaps. Even this group knows it has to take that into account. You can solve a debt crisis by issuing more debt, but what happens when you finally stop?

Until this week, global markets have been on a two-month tear, with Japan up more than 10% and the S&P 500 /quotes/zigman/3870025 SPX +0.69% up 8.6% since the end of December. A new bull market had been declared. As of Tuesday, all the worries about Europe, Iran, and soaring oil prices had returned.

So whether there is a mysterious group with an unknown mandate and financial powers in Washington really doesn’t matter. The markets have shown what they will do if they get any hint that the free-money era is over. Preparing them for this inevitability is an open secret to investors.

And while the markets love the free money, each time the prospect of another round of easing comes up, the flip side will inevitably be concerns that somebody thinks something is about to go very, very wrong.
/quotes/zigman/3870025 Add SPX to portfolio SPX S&P 500 Index 1,352.63 +9.27 +0.69% Volume: 618.04mMarch 7, 2012 4:32p
David Callaway is editor-in-chief of MarketWatch.

did you listen to the pymx call this morning? Price seems firm so far. I sold a little of mine when there was no immediate reaction in price. I put my order in at 1.31 limit, and got 133.5 for it, the trade before traded at 1.33, so I took my sale as a positive for the stock.

there have been days when a fairly large, what i thought was a buy, go through and the stock "felt" under accumulation to me, but that is about a wag as it gets......

did your operating system ask you to install java, or did you sign up for an account over on the wallstarb site you have been having fun on? I haven't been able to figure out how to see them talking in real time, but haven't spent more a minute or two trying yet..... sounds like fun.

bw - nice call on the 1370 s&p level from months ago....

old timer xoma moving some today.....

think pymx might be speaking,

spy short finally working out, step down this am, thanks for that idea....

===Tiny++++

Harris & Harris Group to Host Conference Call on Fourth-Quarter 2011 Financial Results on March 16, 2012

Date :
03/05/2012 @ 8:59AM

Source :

GlobeNewswire Inc.
Stock :
Harris & Harris Group (TINY)
Quote :4.04 -0.03 (-0.74%) @ 11:40AM

Harris & Harris Group to Host Conference Call on Fourth-Quarter 2011 Financial Results on March 16, 2012



The management of Harris & Harris Group, Inc., (Nasdaq:TINY), will hold a conference call to discuss the Company's financial results for its fourth quarter 2011, to update shareholders and analysts on our business and to answer questions, on Friday, March 16, 2012, at 10:00 a.m. Eastern Time.

What:
Harris & Harris Group 4th Quarter 2011 financial results conference call and webcast

When:
Friday, March 16, 2012

Time:
10:00 a.m. (ET)

Live Call:
(877) 303-9855, domestic
(408) 337-0154, international

Webcast:
http://www.hhvc.com/events.cfm

Please access the site at least 15 minutes prior to the scheduled start time in order to download the required audio software (RealPlayer or Windows Media Player). A replay of the webcast and visual presentation will be accessible through the Company's website for 30 days following the live event. For those unable to listen to the call via the Internet, a replay of the call will be available until midnight Eastern Time on Thursday, March 23, 2012 by dialing (404) 537-3406. The passcode for the replay is #56055241.

In addition, Harris & Harris Group is hosting a "Meet the Portfolio" Day on Tuesday, March 13, 2012, at the NASDAQ MarketSite (Four Times Square, 43rd Street & Broadway) in New York City. The event will feature ten growing companies in its portfolio. For more information or to register for the event, contact Harriet Fried of LHA at 212-838-3777 or hfried@lhai.com.



Harris & Harris Group is an early-stage, active investor in transformative nanotechnology companies. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com.

This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as well as subsequent filings, filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including but not limited to the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference to the website www.HHVC.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

that was a quick drop in appl, near a million shares in a minute when it touched 526, i was watching the chart and couldn't believe how fast it dropped, at 500 PLUS per share, half billion here, half billion there, pretty soon, well, you know....real money...

Dew has some interesting posts over on the kerx board going way back...post numbers in the 40's. I had posted on that board a couple times in 08-09, then didn't ckeck in too much, but still have it on my ihub favorites list....missed the rise this time around, sounds like battle over there.....

It doesn't have to be elves, espec. at these prices, most anyone can do it.....I have many times in cortex, (not this period,)months at a time, just waiting for the bid to come to me. After a while it adds up to real money

I have been wondering what is supporting the price in here. Bclund should be able to confirm that it used to be buying cortex under a dollar a share was often a pretty good bet if one was patient and sold the spikes, but that was before the easy biotech money stopped flowing for most of them, and the amp story, no matter how interesting, became, "stale," from the newbies point of view. (new money.) (I use bclund as an example only due to their longevity with the stock, about the same as mine, and i think food4thought and few others.)

I can't see any way they don't r/s, but I have been wrong on that before for sure, so time will tell.

Are you thinking, or actively, trying to ride the coattails here? I do it often in many stocks, trying to get ahead of the fund bunnies......

either way, gltu....

Stockton could become biggest city to go bankrupt

Stockton council votes for mediation; city could become biggest in US to go bankrupt

By Gosia Wozniacka, Associated Press | Associated Press – Wed, Feb 29, 2012 12:10 PM EST.. .

====i didn't even see this story yesterday as it has been buried behind endless gook about hair secrets and other "dodges," that pass for news now-a-days===

http://finance.yahoo.com/news/stockton-could-become-biggest-city-062559370.html


STOCKTON, Calif. (AP) -- City leaders seeking a way to dig out from under massive debts have taken a step toward making Stockton the nation's largest city to file for bankruptcy.

However, thanks to a new California law, the City Council's move also could be the first step toward avoiding such a dramatic move.

Under the state law, municipalities considering bankruptcy must first seek mediation with creditors, with the goal of settling debts without filing for Chapter 9 protection.

Dozens of residents attended Tuesday's six-hour council meeting to oppose the vote to enter mediation, saying they feared it would push Stockton further into trouble. The river port city of 290,000 already has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates.

"If they vote for mediation, it is the first step towards bankruptcy," former City Manager Dwane Milnes told KCRA-TV. "That means 1,000 people could lose retirement benefits."

Stockton will be the first city to test the state law, Assembly Bill 506, which is less than two months old. It requires local government agencies to undergo mediation or hold a public hearing and declare a fiscal emergency before filing for bankruptcy.

In 2008, Vallejo became the biggest California city to file for bankruptcy, and it emerged from bankruptcy last year.

In recent years, thousands of new homes mushroomed in Stockton, part of a housing boom in suburban development that attracted buyers from the San Francisco Bay area and beyond.

But when the economy crashed and the construction bubble burst, Stockton was battered by foreclosures and lost income from property taxes and other fees. Multi-year labor contracts with escalating costs added to the burden, forcing officials to make deep emergency cuts to the city payroll, including its police department.

"It's been so challenging. Since 2008, the whole market was essentially turned upside down," said Randy Thomas, a Stockton real estate broker with the Cornerstone Real Estate Group. "A lot of folks were losing their homes. A lot of people were getting evicted, and it's been tough on a lot of people."

City leaders say Stockton could soon be unable to pay its debts. The city has a $15 million deficit — $6.6 million from the last fiscal year and $8.7 million expected for the current fiscal year, according to documents.

Forecasts also show deficits ranging from $20 million to $38 million for the fiscal year 2012-2013 and increasing in subsequent years.

Some residents are losing faith.

Marty Carlson, a waitress at Bradley's American Bistro in downtown Stockton, said business, along with her tips, has been on the decline for years. She's had enough, she said, and plans on leaving Stockton soon.

"They're (the city) not the only one going bankrupt," Carlson said. "It's time to move on. I'm ready."

___

Wozniacka reported from Fresno, Calif.

I just can't seem to get short this market for anything >24hrs.

I have lost count how many times I have tried, I just have no conviction, so I sit on the sidelines, mostly.....

Sold out the last of wnr the other day at 18....now 19.10....

The market continues to surprise to the upside, and as we all know, sometimes it can do that for long periods....in this case my best guess is only when the free money runs out....and my guesses are like rear ends, most everybody's got one.....

Did you ever dollar cost average the physical metals?

Plum Creek to Webcast Investor and Analyst Meeting

Plum Creek (NYSE:PCL)

http://ih.advfn.com/p.php?pid=nmona&article=51401168&symbol=PCL

Today : Tuesday 28 February 2012

Plum Creek Timber Company, Inc. (NYSE:PCL) will webcast its investor and analyst meeting to be held in New York on Tuesday, March 6, 2012, at 8:00 a.m. EDT.

A live audio webcast of the presentation (with slides) will be accessible from Plum Creek’s Internet site at www.plumcreek.com by clicking on the “Investors” section and following the directions.

A replay of the webcast will be available on Plum Creek’s Web site for approximately one month starting 24 hours after the presentation.

Rick Holley, president and chief executive officer, will host the meeting, which will include a review of Plum Creek’s strategies for long-term shareholder value creation. Other presenters include Tom Lindquist, executive vice president and chief operating officer, David Lambert, senior vice president and chief financial officer and Larry Neilson, senior vice president, resources and operations support.

Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 6.6 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest. For more information, visit www.plumcreek.com.

looks like some big bets placed on wnr late today on near 3x trailing 3 months volume for the day....

UPDATE 1-Western Refining 4th-qtr profit trails market estimates

http://www.reuters.com/article/2012/02/28/westernrefining-idUSL4E8DS52I20120228?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43

Tue Feb 28, 2012 6:33am EST

* Q4 adj EPS $0.48 vs est. $0.52

* Says refining margins stronger through first 2 months FY12

Feb 28 (Reuters) - U.S. oil refiner Western Refining Inc's fourth-quarter profit lagged analysts' estimates on lower throughput at its El Paso refinery in Texas.

The El Paso, Texas-based company said throughput -- the capacity to refine crude oil over a given period of time -- at the El Paso refinery fell 8 percent to 120,862 barrels per day (bpd) in the fourth quarter.

The El Paso refinery is the company's largest refinery and has a total crude capacity of 128,000 bpd.

Western Refining had said it expects lower throughput at the refinery due to an unplanned maintenance downtime.

The company's other southwest U.S. refinery, the Gallup refinery saw a 5 percent dip in throughput.

However, the company said its refining margins have been strong through the first two months of the year compared with a year ago and that it is "well positioned for 2012 and beyond".

Refiners in the United States, particularly in the Midwest, have benefited from the record spread between London-based Brent and U.S. benchmark West Texas Intermediate (WTI) created by a glut at the Cushing, Oklahoma delivery hub.

Fourth-quarter net loss was $64.6 million, or 72 cents per share, compared with a loss of $7.6 million, or 9 cents per share, a year ago.

Excluding items, Western Refining earned 48 cents per share, while analysts were expecting 52 cents a share, according to Thomson Reuters I/B/E/S.

Western Refining shares, which have gained 13 percent in the last year, closed at $18.31 on Monday on the New York Stock Exchange.

JPMorgan Clients With Under $100K Unprofitable

By Laura Marcinek - Feb 28, 2012 1:03 PM ET

http://www.bloomberg.com/news/2012-02-28/jpmorgan-views-clients-with-less-than-100-000-to-invest-as-unprofitable.html

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., center, at the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 26, 2012. Photographer: Scott Eells/Bloomberg
.
JPMorgan Chase & Co. (JPM), the largest U.S. bank by assets, said about 70 percent of customers with less than $100,000 in deposits and investments will be unprofitable following regulations that cap lenders’ fees.

“I’m trying to give you a proxy for what the banking industry has to look forward to if you don’t take into account business bank clients and getting more of the affluent wealth wallet,” Todd Maclin, chief executive officer of consumer and business banking at the New York-based company, said today at an investor presentation.

The biggest U.S. banks are grappling with lost revenue from regulations such as those that cap debit interchange fees and overdraft charges, making customers with low deposits more expensive for lenders to manage. JPMorgan, run by CEO Jamie Dimon, sees its greatest opportunity with affluent customers that have more banking relationships with the company, Maclin said.

“Lost revenue has to be replaced with higher share of wallet and customer penetration,” Maclin said. “You have to get your costs and where you spend your time, to the fullest extent possible, more in line with where the opportunity is.”

JPMorgan sees a “significant opportunity to deepen affluent relationships” and a “limited opportunity to deepen relationships” with customers who have less than $100,000 in deposits and investments, according to slides at the presentation.

Profitable Customers

CEO Brian T. Moynihan of Bank of America Corp., the second- biggest U.S. lender by assets, has said his strategy is to broaden relationships with the lender’s 8 million so-called preferred clients that are 1.5 times as profitable as the retail group. The Charlotte, North Carolina-based company gives these customers incentives such as removing monthly service fees on checking accounts for using a Bank of America credit card, mortgage or Merrill Lynch brokerage account.

Bank of America abandoned a plan to charge some debit-card users $5 a month for the service after JPMorgan and San Francisco-based Wells Fargo & Co. (WFC) decided against imposing similar fees. Citigroup Inc. (C) and U.S. Bancorp (USB) had already rejected the idea. Maclin said JPMorgan will implement “follow- on pricing” for fees in the future.

“When the world lets us charge something more akin to your gym membership or your card, we’ll be right there with them,” he said. “In this environment, we’re just not going to rock that boat, and we have a brand and a franchise where we can make it up other ways over time.”

Branches ‘Invaluable’

Maclin said it’s possible that fees for checking accounts could reach $20 one day, which he said the bank would “celebrate.”

JPMorgan’s branches are “invaluable” to its so-called affluent customers, according to the presentation slides. The company said it may open 900 “potential” new branch buildings in 2012, especially in California, Florida and Atlanta.

“Branches are not that expensive relative to all the opportunity and the other expenses that we have in running this place, given our scale,” Maclin said. “We would acknowledge with everybody else out there that it is entirely possible that they could go away one day. If they do, we will make a lot more money than we’re making right now. Until they do, we’re going to make sure we’ve got them so no one else can take our location.”

Thanks gfp, I dipped toe into pymx based on my missing thld's run completely. I wanted to have some on the outside chance someone came-a-knocking.....

looks like the s and p closed above 1370, because, well, you know, things are looking so great worldwide.......

interesting comment by a guy in that 60 minutes clip. i think he traded for a large customer/fund.....

he was of the opinion that hft's are "parasites," not giving any credit to their argument that they provide extra liquidity.....

the thing he said that got my attention is that with 50-70% of all trading now being hft's, and that those hft's effectively start fresh every day with their alogrighims, that "one has to question the valuation of the entire markets."

hummmmmmmm,

doomsday bill anyone?

gfp, did you stay in this one?

i chased it around several times today....really quite something from a person who has computer traded since it was new, and long before most, ie DOS....

seems like there would be some follow through tomorrow on it....

have some pymx now as well, you?

bw, i am curious about gfp's question on shorting the qqq as well...i watched psq trade lower near the same price in the nasdaq, over time, it sure felt like decay....

thanks

===so you can just use a market order.===

but then what would i have to fuss about?

thld 5.25

vix 18.21

fishing for old standby.....

Wyoming legislator David Miller introduces “doomsday” bill

By Eric Pfeiffer

1 hr 58 mins ago.. .

http://news.yahoo.com/blogs/sideshow/wyoming-legislator-david-miller-introduces-doomsday-bill-171845595.html

Wyoming Republican state legislator David Miller has introduced a bill to prepare his state for a doomsday scenario in which the nation's economy and social structure completely collapse.

"Things happen quickly sometimes — look at Libya, look at Egypt, look at those situations," Miller told the Star-Tribune. "We wouldn't have time to meet as a Legislature or even in a special session to do anything to respond."

Miller's bill seeks to create a state-run continuity force that would study and prepare Wyoming for potential national or worldwide catastrophes. One specific component of the bill calls for the state to look into the possibility of issuing its own currency in the event the U.S. dollar collapses.

"If we continue down this course, this is the way any society ends up — with a valueless currency," Miller told the Star-Tribune.

Miller's original bill would have appropriated $32,000 for the task force, but the state's Joint Appropriations Committee has already cut the number in half. Six other states have attempted a similar currency creation effort in recent years — and all have failed. While Miller's bill may sound a bit extreme, there have been genuine concerns about the devaluation of U.S. currency in recent years. Last year, the International Monetary Fund predicted that China's economy would overtake that of the U.S. in five years.



But, there have been accusations that certain businesses are preying on fears of economic insecurity by plugging cash for gold programs, resulting in individuals selling their precious metals for less than market value.

The Star-Tribune notes that Wyoming's Department of Homeland Security already has a statewide crisis management plan, but it does not include the so-called doomsday scenario. Miller's bill calls for coordination between Wyoming's Homeland Security along with the state attorney general and National Guard adjutant general.

The doomsday bill is sure to inspire criticism and even ridicule from some corners, but Miller says his priority is Wyoming. "I don't represent people in Illinois or New Jersey," he said. "I represent people in Wyoming. And I want them to be protected from any catastrophic events that may beset the rest of the country."

here is a like to the 60 minutes story replayed last night:

http://www.cbsnews.com/video/watch/?id=7368460n&tag=mncol;lst;6

ha, it's like the war of the machines, on steroids.

did you get any of this one?

i would have the level ii bid/ask on screen, but because i don't have access to exchange servers that big money buys access to, well then, i'm f'ed......

hit enter at limit ask price three differest times, only to see the bid'ask disappear, and reappear at a higher price. it was really something to watch, happened three times, then i just cancelled order, and price came back over next minute or two.

they see our orders, and adjust theirs accordingly. how is that a fair market and not trading on "insider" info, i'll never know.

cnbc replayed a 60 minute speel on high speed trading last night. i didn't realize that they can rent servers right in the SAME SERVER RACKS as the exchanges servers to gain milliseconds on us. putting in fake bid and asks are illegal by any measure as they are intended to minipulate markets. fraud.

in the same server racks, right next to each other, i had no idea it had come that far, seems like just the other day they were down the street.......have the money to rent space on one of those servers? well if so, the world is your oster, if you can stand to screw over retail investors as the chumps we/they are.

despite that, it is fun to watch that one, thanks for the heads up.

i closed out my remaining wnr postion this morning. this just looks like so much free money coming into these markets that i am hesitant to get short right now.....which of course likely means look out below......

vix = 18

s&p = 1373

gfp >>> Dividend Stocks <<<

A few more. Yields are dated somewhat, so may longer be accurate.

6.38% -- Source Capital (SOR)

3.85% -- Alliant Energy Corp. (LNT)

7.80% -- Century Link (CTL)

4.49% -- TECO ENERGY INC (TE)

8.52% -- Windstream Corp (WIN) (This one may have been a spin off of the old alltel)

sold my remaining wnr shares from this last go around today at 18....nice ride.

gfp, in your putting together your ""fund" ideas, have you ever separated out a batch of div paying stocks?

I am wanting to have, on the back burner, an idea of good div payers should/when the market finally pulls back some.

I have some ideas, like bym, pcl, overall boring but with some decent div paying history/percentages and should they get hit, well then all the better.....

anyway, just thinking out loud....

take care.