will put Jerry Woods in jail, **Liers are thieves
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I speak for my self and those who are joining with me. For those who need info, There will be a lot of pain before we wind up with a new company in a new faced of transparency.
the ride will be an adventure.
Thanks
LGL
The only monkeys are the the ones being fed the garbage that LANZA is putting out.
That leak is straight to LANZA bank acct. I think you called it right, He is the Boss Hog . nothing happens without LANZA pulling the strings, LANZAs and only LANZAs is responsible for where we are today. I think he is headed to Jail before the New year.
WARNING to ALL
Joe has his own family MOB that are ripping off unsuspecting shareholders, BDGR is taking in good MONEY where dose it go?
Who is receiving the benefit from all of the Dollars that come in? Remember the stockholders are the owners of Black Dragon and Joe has a total conflict of interest. he is a contractor to BD and has no rights to BD $ that his company did not earn. Why is he pulling all of the strings? Why is he in control of BD management? why is he the one to choose the board members? Now because of his Family's ties his only thereat is being exposed to the FBI and the IRS and then the SEC.
Lanza operates multiple companies under the same roof of which he is the one that pull the strings, he has his family operate some, some are in associate name, some Joe runes, in any case Joe pull the strings. Joe has been accused of splitting royalty off of lease for his his own personal enrichment. THAT IS YOUR MONEY,
We need all that are concern to get on your computers and dig deep, lets us expose LANZA for what he is and get our company back . Call your friends in Law enforcement, in local and state and federal government, check on taxes if paid and franchise fees, corporate doc's up to date and all relationships, ownerships, affiliates, suppliers, assets like real estate, leases, equipment and any thing else you can think of. Keep up your good work.
Thanks
LGL
Chart
I thank you for all of the work you are doing, there are a lot of rattlesnakes in the holes you are digging, Please make a note to where you are finding this info. Keep up the good work.
Thanks
LGL
If you help send Joe to retirement You can be Pres. But until that time Joe Tell everybody he is in charge.
You know we could have $200 Oil and the moneys would still disappear. He will use it to fund his other companies and him self.
If your numbers are correct why is everybody so bent on giving this company away?
( returned the shares to the treasury does that mean he can, or cant take them back out for himself (CANT)? Does it mean he's relenquished the shares (YES) or his right to sell them for personal gain ??)SHARES GO BACK TO THE COMPANY AND BECOME A COMPANY ASSET.
Returned the shares to the treasury Means, its like the shares were never sold, its also mean our dilution is cut in half and with all being equal your stock should be worth twice as much.
Thanks
LGL
State Of Incorporation
NV
Jurisdiction Of Incorporation
USA
Year Of Incorporation
1997
Company Officers
Richard M. Berman, President, CEO
SEC Reporting Status
non-SEC Reporting Company
Fiscal Year End
12/31
Sept 25, 2007
The Company is also announcing that 2,350,799,998 of restricted common stock owned by its President and CEO have been returned to treasury which dramatically reduces the number of its outstanding shares. Effective immediately, the Company and its Transfer Agent will update and report its outstanding shares on a quarterly basis.
Outstanding Shares
4,297,825,994 as of Aug 27, 2007
Authorized Shares
10,000,000,000 as of Aug 23, 2007
Number of Share Holders of Record
131 as of May 7, 2007
Float
1,946,288,237 as of
Local
Do know if Joe had his hands in Angel Petroleum Technologies
before now?
Thanks
LGL
WARNING to ALL
Joe has his own family MOB that are ripping off unsuspecting shareholders, BDGR is taking in good MONEY where dose it go?
Who is receiving the benefit from all of the Dollars that come in? Remember the stockholders are the owners of Black Dragon and Joe has a total conflict of interest. he is a contractor to BD and has no rights to BD $ that his company did not earn. Why is he pulling all of the strings? Why is he in control of BD management? why is he the one to choose the board members? Now because of his Family's ties his only thereat is being exposed to the FBI and the IRS and then the SEC.
We need all that are concern to get on your computers and dig deep, lets us expose LANZA for what he is and get our company back . Call your friends in Law enforcement, in local and state and federal government, check on taxes if paid and franchise fees, corporate doc's up to date and all relationships, ownerships, affiliates, suppliers, assets like real estate, leases, equipment and any thing else you can think of.+
Thanks
LGL
SEC Penalty Policy to Change: Report
The basic argument against fining companies is that shareholders, who may have been victimized by corporate misdeeds, are penalized again when a fine reduces earnings.
Stephen Taub, CFO.com
April 13, 2007
The Securities and Exchange Commission may soon assess smaller fines on some companies that settle charges with the regulator, according to The Washington Post.
The proposal — which is not yet public and will certainly generate a fair amount of debate — must receive approval from the five SEC commissioners before it can take effect. According to the newspaper, which cites current and former officials, the initiative is being led by chairman Christopher Cox, who has indicated a desire to avoid split decisions among the five commissioners.
SEC spokesman John Nester told the Post that the pilot program would affect a relatively small percentage of cases and would make negotiations between businesses and enforcers more efficient. He also told the paper the plan "will increase investor protection because it will give our enforcement division a stronger hand in settlement negotiations."
The basic argument against fining companies is that shareholders, who may have been victimized by corporate misdeeds, are penalized again when a fine reduces earnings. Commissioner Paul S. Atkins and other officials have asserted that corporate executives who break the law should pay the price themselves, the Post pointed out.
Disagreements regarding corporate fines have slowed the resolution of several cases, many involving stock options, according to numerous published accounts. Last year, for example, the Department of Justice and the SEC filed criminal and civil fraud charges against Gregory Reyes, former CEO, president, and chairman of Brocade Communications Systems; SEC staffers are now weighing a fine against the company
Do you believe the SEC is going to stop watching this proven criminal?
Joe wants to get on your good side using MM to buy shares back to take the price to the moon. So he wants cheep shares.
Thanks
LGL
Next Previous Ricco act thier ass-ets
When three or more parties conspire to carry on an on going criminal enterprise and/or conspiracy, it can fall under the RICCO Act,
under this act all property can be confiscated .
How about organized crime laws
Three and directed by JOE
******
Money
Welcome to USA Money,
Money news and video, Business and financial video, money market, search for money, fraud and more.
Corporate Chairman/CEO Sentenced to 240 Months in Prison for Stock Scheme
That Swindled over $15 Million from Investors
CAMDEN – The major shareholder who also served as Chairman and CEO of TeleServices Internet Group, Inc., was sentenced to 240 months in federal prison today for operating an intricate stock fraud and money laundering scheme that cost public investors more than $15 million in losses, U.S. Attorney Christopher J. Christie announced.
On April 9, 2007, after four hours of deliberations, a jury convicted Robert P. Gordon, 57, of St. Petersburg, Fla., of both counts contained in a two-count Superseding Indictment that was returned on Nov. 1, 2006. Gordon was convicted on
one count each of conspiracy to commit securities and wire fraud and conspiracy to commit money laundering.
U.S. District Judge Jerome B. Simandle, who presided over the four-week trial, also ordered Gordon to serve three years of supervised release upon the completion of his prison term. Judge Simandle scheduled forfeiture and restitution hearings for Oct. 2 and Oct. 24, respectively. Upon Gordon’s conviction, Judge Simandle revoked the defendant’s bail and remanded him into the custody of the U.S. Marshal.
The case was tried by Assistant U.S. Attorneys R. Stephen Stigall and Deborah Prisinzano Mikkelsen.
SOSO ( no basis for believing any numbers )
You are correct, as We all know they (Joe) are still trying to mislead we the sheep by announcing $1,400,000, when that should be 65% of the totals equal to $ 910,000 to BD providing that we can trust the numbers.
Thanks
LGL
OT OT OT
Lost oil and gas royalties blamed on computer
Other problems, including mismanagement, have also contributed to millions in losses, according to an investigation.
Associated Press
Published September 27, 2007
WASHINGTON - A $150-million computer system that is supposed to help the government keep track of oil and gas royalties has been a "profound failure," contributing to possibly millions of dollars in lost revenue, according to Interior Department investigators.
The department's inspector general cited the computer system's shortcomings in a scathing report released Wednesday that said the royalty collection process is riddled with mismanagement, ethical lapses and conflicting relationships with the energy industry.
The yearlong investigation found "a Band-Aid approach to holding together one of the federal government's largest revenue producing operations," Inspector General Earl E. Devaney wrote Interior Secretary Dirk Kempthorne.
The government collects about $10-billion in royalties a year from oil and natural gas taken under federal leases covering federal coastal waters.
Copies of the IG report were sent to the oversight committees in both the House and Senate, which had asked for an investigation into the Minerals Management Service's royalty collection system and complaints by four whistle-blowers that millions of dollars were not being collected from energy companies.
Many of the findings and management shortfalls cited in the IG report have been previously raised in reports, court papers and at congressional hearings.
But the report for the first time delved into allegations that the agency was losing perhaps millions of dollars in uncollected interest on overdue royalty payments in part because of computer problems.
It was not certain how much interest was lost. But the agency told investigators that from 2002 through 2006 energy companies were billed for $21.4-million in interest because of overdue royalty payments. It said $13.6-million was collected.
The government in 1999 contracted for the computer system, which is supposed to track and dispense royalties paid by the oil and gas companies and also bill and collect interest, the report said. The IG report said nearly $150-million has been spent on the program and supposed improvements.
Devaney said the inspector general's office has begun a separate investigation into the procurement of the system and its development.
[Last modified September 27, 2007, 00:37:40]
http://www.sptimes.com/2007/09/27/Worldandnation/Lost_oil_and_gas_roya.shtml
NEWS JUST OUT......
SEC NEWS Alert: Read this, right off the wires.
http://www.marketwatch.com/news/story/sec-publish-data-help-investors/story.aspx?guid={4E44A215-CC29....
SEC tool aims to help investors avoid scams
By Robert Schroeder, MarketWatch
Last Update: 1:59 PM ET Sep 26, 2007
WASHINGTON (MarketWatch) -- Regulators are planning to unveil a new tool designed to help investors avoid questionable solicitations by unregistered companies, the Securities and Exchange Commission said Wednesday.
Through its Pause program -- short for Public Alert: Unregistered Soliciting Entities -- the agency will publish factual information on its Web site about unregistered companies that solicit investments. Those named have been the subject of complaints from investors and foreign securities regulators, the SEC said.
The SEC will take comments about the proposed program for 30 days.
Before posting information about the companies, SEC staff will have determined that there is either no U.S. registered securities firm with the company's name or that there is a registered firm with the same name but solicitations are coming from unrelated people.
Another list will name fictitious government agencies and organizations referred to by entities that are the subject of complaints, the SEC said.
"This encourages all investors to pause and determine whether an entity is properly registered with the SEC or located in the United States as claimed," said SEC Chairman Christopher Cox, in a statement.
"Ferreting out operators of boiler rooms and secondary advance-fee schemes that prey on innocent investors is a priority of this commission," Cox said.
The SEC says that a large number of investor complaints concern solicitations from entities that represent themselves as being inside the U.S. when in fact they operate outside the country.
Robert Schroeder is a reporter for MarketWatch in Washington.
OT OT OT
TEXG is trading again .25 x .35 after Hrs. That Company is ruined. Everybody is trying to get out, before the SEC came in it was trading about $3.00.
Maverick here one for you.
1) The “SEC News” article announces an SEC database that lets people know if a specific offering company person, is “registered” federally or perhaps in their state. ALWAYS KEEP IN MIND that THOUSANDS of private and public companies regularly do “unregistered offerings” LEGITIMATELY, under what are called “EXEMPTIONS”. Often these offerings are legitimately moved (VIA EXEMPTIONS) through unregistered consultants, CPA’s, etc. in accordance with APPLICABLE EXEMPTIONS.
2) Someone, entity or offering not being registered may be IRRELEVANT if they QUALIFY under some type of “EXEMPTION FROM REGISTRATION”, of which there are MANY EXEMPTIONS, including 504, 505, 1144, 1145, 364(f), Regulation A, Reg. D, Reg. S, and many OTHERS, etc.
3) You can often buy these EXEMPT offerings from both officers of companies and/or consultants, many of which are EXEMPT FROM REGISTRATION.
4) On Wall Street, plenty of money gets lost by investors buying “registered offerings” through their “registered stock broker” from their “registered broker dealer” (i.e., Meryl Lynch, Dean Witter, etc.). Remember, offering, broker registrations, advisor registrations and broker dealer registrations are partly HOW GOVERNMENTS MAKE MONEY (i.e. registration fees). REVENUES generated by these REGISTRATION FEES are important to departmental BUDGETS, similar to selling dog licenses, parking permits, etc.
5) Remember and KEEP CONSTANTLY IN MIND, the SEC called most of the places selling cellular phone lottery filing applications “boiler room scam operations”, even though MANY PEOPLE BECAME VERY WEALTHY due to the cellular “settlement groups” formed that were bought by companies like “Cellular One” and many others.
6) The more you realize the many millions of REGISTRATION FEES that could have been EARNED by the SEC and state securities departments, and the more you consider the MANY HUNDREDS OF MILLIONS OF DOLLARS the major Wall Street firms could have made if the money went to them (instead of “boiler rooms”) prior to MAKING INVESTORS RICH, the more you can ponder how the whole Wall Street “toll booth”/”toll road”/”pay to play” concepts BENEFITS the BUDGETS.
7) Mostly, perhaps, the SEC site may help prevent some off-shore scams from con artists in Nigeria and other countries.
" Did it ever occur to you that with limited cash flow that the best thing for the company would have been to sell leases, become cash rich and then start with a no lanza mandate and possibly actually find some wells that produced...oh say more than 2 barrels of freaking oil a day? "
TAKE NOTE:
Even if you sold all of your asset and did not have controls in the company I believe that you would end up with a due bill from the leader of the pack.
At this time I will take leave of my senses in posting this OPEN LETTER to JOE LANZA.
BDGR is based on half-truths and faulty assumptions. If you would like Black Dragon to continue in the future and in your retirement, I offer to you a few suggestions.
Call for a stockholders meeting and allow the directors to be chosen and elected by the shareholders. Most of BD stockholders are pretty smart people! You can bet they will do the right thing to protect their investment in our company.
Allow the directors to hire and appoint the officers for Black Dragon.
Call for a list of candidates for potential directors; at least 51% chosen from shareholders if possible.
Call for a lock on the stock being issued and inform the shareholders of the current O/S, A/S, Float and all restricted shares as well as all 144 Shares. Then offer a guarantee that the information is accurate when it is turned over to the newly elected Board of Directors.
If I can be of any assistance in this process let me know. I am sending this information to you via email as well as posting on an open forum within the BDGR forum on Ihub.
I ask that you please respond. I will have absolutely no problem in identifying myself if you wish to talk.
LGL
702-361-6800
You can see that ELLIS wants to keep his name clean.
Press Release
Black Dragon Resource Companies, Inc. Announces the Resignation of Michael M. Ellis as Interim President and as a Director
Tuesday September 25, 3:31 pm ET
OIL CITY, La.--(BUSINESS WIRE)--Michael M. Ellis, Interim President and an Executive Director of Black Dragon Resource Companies, Inc., has resigned his positions as an officer and director of Black Dragon, effective immediately. In addition, Mr. Ellis' affiliate company, Advanced Materials Engineering, Inc., specializing in mechanical, materials and geo-technical engineering, has ceased any relationship with Black Dragon or any other company controlled or associated with Black Dragon and/or Joseph A. Lanza.
Mr. Ellis cites a failure to agree on terms and conditions of compensation, and a lack of payment of consulting fees due Advanced Materials Engineering, Inc.
Michael M. Ellis wishes Black Dragon success in its present shallow oil and natural gas program, and in developing its potential deep drilling program.
Contact:
Black Dragon Resource Companies, Inc.
Michael M. Ellis, 478-405-2680
--------------------------------------------------------------------------------
Motorola Celebrates Shipping Two Million IP Set-Top Boxes
Motorola doubles one million IP set-top box milestone in under six months
Landmark reached as Motorola supports expansion of TeliaSonera IPTV services
AMSTERDAM, The Netherlands – IBC 2007 – 7 September 2007 – Motorola, Inc. (NYSE: MOT) today announced that it has shipped its two millionth Internet Protocol (IP) set-top box. The milestone was reached just five months after the shipment of its one millionth IP set-top box.
“The television market is fundamentally changing as consumers demand more choice, more control and more interactivity in the way they access TV,” said Doug Means, corporate vice president, Motorola Home & Network Mobility. “Motorola has a 50-year heritage in the video business and we’re committed to leading the market, helping it grow and ensuring that our customers are armed with the best technology to serve the most demanding of viewers.”
The landmark demonstrates the rapid expansion of the IPTV market. The two millionth set-top – a VIP1510 - – was shipped as part of the provision of 150,000 units to TeliaSonera, Sweden’s largest telecommunications company. As the major supplier of digital set top boxes for TeliaSonera digital-TV service, Motorola provides the customer premises equipment (CPE) and application platform to deliver IPTV, on-demand services and Internet-on-TV. After announcing 100,000 subscribers in May 2007, this delivery marks the swift growth of the TeliaSonera service to more than 150,000 subscribers.
“We have an ambitious timeline for the deployment of our digital video services; this has been recognized in the growth of our subscriber base, which increased by more than 50 percent in under three months,” said Erik Hallberg, senior vice president & head of market area broadband services Sweden, TeliaSonera. “In such a competitive market it is imperative that we employ best-in-class equipment; technology that performs consistently and delivers the best service. Motorola provides this equipment.”
A series of acquisitions in the past 12 months (including Broadbus, Tut Systems, Terayon Systems and Modulus Video) has strengthened Motorola’s position as a leader in the video market. Motorola offers an end-to-end solution for the service provider/aggregator wanting to deliver a range of video content and services into the home. The VIP1510 set-top is part of a portfolio that includes support for a hard drive for DVR functionality and personal video storage, as well as the ability to process MPEG-2 and MPEG-4/AVC in both standard definition and high definition. Additionally, Motorola offers hybrid models for combining IPTV with digital terrestrial broadcasts.
“IPTV is growing. The number of IPTV homes will rise from around three million now to more than 50 million in the next five years[1], but it is the extra services which are possible on an IP highway into the home that are so compelling,” said Peter White, principal analyst and founder, Rethink Research Associates. “Home security, music, gaming and new advertising capabilities make IPTV so exciting and will turn it into a $20 billion service industry by 2011. But the reduction in churn that it creates on fixed lines will halt the erosion of the $1 trillion global fixed-line telco market.”
A portion of the revenue from the shipment of VIP1510 set-tops to TeliaSonera was recognized by Motorola in previous quarters.
-ENDS-
....... ASNAP PATENT ..... http://www.calypsowireless.com/documents/content/patent/index.html
United States Patents ................... http://www.uspto.gov/patft/index.html
USPA .... #6680923 .... #6839412 .... #6385306 .... #6765996 .... #7031439
PRODUCTS
The Company has revised its business model such that it will sell licensing agreements with OEMs and businesses that cater to enterprise companies to license the technology based on our patented ASNAP™ technology (U.S. Patent Number: 6,680,923) and or license the patent rather than become a supplier of cellular and other devices. Calypso Wireless’ mission is to conduct research and develop products which can be licensed to manufacturers, carriers and enterprise companies in the global wireless communications industry. We believe our commercial success depends on identifying broad-based technology solutions for our customers, and ultimately the end user. Our company is distinctive in its focus on creating products which minimize the technological barriers to change and accelerate the communication industry’s operating efficiency.
The use of ASNAP™ (Automatic Switching of Network Access Points) also increases the amount of available wireless bandwidth from the current state of technology of 9.6 kbps to 11 Mbps.
Calypso's patented ASNAP(TM) technology will enable cellular phones to automatically detect any available Wireless Local Area Network (WLAN) and then seamlessly switch between the signals of a standard cellular link tower and an available short-range broadband network, such as cable or DSL with Wi-Fi, accelerating wireless broadband deployment, thereby creating a platform for revenue sharing between the synergistic companies and increased revenues for them by delivering new added services. It could also provide significant savings to mobile carriers in additional frequency spectrum and infrastructure equipment, by offloading capacity to the Wireless Local Area Networks (WLAN) and IP networks while providing additional sources of revenue. The integration of ASNAP(TM) technology will enable greatly enhanced services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso's cellular phones, PDA's (Personal Digital Assistance) or any mobile devise powered with the company's ASNAP(TM) technology. The patent has also given Calypso the rights to offer license agreements to major mobile and ISP carriers as well as to cellular phone manufacturers and OEM's.
Calypso has also built upon its patented ASNAP(TM) technology to create a new technology that could provide 'the' solution that allows satellite radio signals from carriers such as XM Satellite Radio and Sirius Satellite Radio to be readily received by all types of mobile wireless devices, thus generating a new potential revenue stream for both the satellite radio companies and the companies supplying service to mobile phones and devices, and the manufacturers and retailers of those devices, as well for the licensing of this technology by Calypso.
**CLYW Speculation Insight .......... #msg-18839439
SHARES
A/S ................ 200m
O/S ................ 147m ......... 9/30/06 ..... 10Q
Equity ............ -(608K)
Cash ............... $5,671
Net ................. (4.1m) ....... 9mth ....... (.03) EPS
CHARTS ............. http://stockcharts.com/h-sc/ui?s=clyw
SEC .................... http://www.pinksheets.com/quote/filings.jsp?symbol=clyw
NEWS ................. http://www.calypsowireless.com/index.cfm?currentPage=documents/content/press/docHandler.cfm
MANAGEMENT .... http://www.calypsowireless.com/index.cfm?currentPage=documents/content/Management%20Team.htm
Calypso Wireless, Inc. ....... http://www.calypsowireless.com
5753 NW 158th Street
Miami Lakes FL 33014
Tel:(305) 828-3418
Fax:(305) 828-6230
Investor ...... pr@calypsowireless.com
'maverick
Please, if you are pimping bdgr board. try a PM or leave your ph Number for some one to call you. Thanks
Caddo
I am glad to see you are back after that last go around.
Most of here agree with you I would be glad to entertain what you have to add to this board or you may call me in sin city at 702-361-6800 your choice , welcome back.
Thanks
LGL
An Introduction to Japanese Candlestick Charting
May 2004
by Erik L. Gebhard
Introduction - New Way to Look at Prices
Would you like to learn about a type of commodity futures price chart that is more effective than the type you are probably using now? If so, keep reading. If you are brand new to the art/science of chart reading, don't worry, this stuff is really quite simple to learn.
Technical Analysis - A Brief Background
Technical analysis is simply the study of prices as reflected on price charts. Technical analysis assumes that current prices should represent all known information about the markets.
Prices not only reflect intrinsic facts, they also represent human emotion and the pervasive mass psychology and mood of the moment. Prices are, in the end, a function of supply and demand. However, on a moment to moment basis, human emotions.fear, greed, panic, hysteria, elation, etc. also dramatically effect prices. Markets may move based upon people's expectations, not necessarily facts. A market "technician" attempts to disregard the emotional component of trading by making his decisions based upon chart formations, assuming that prices reflect both facts and emotion.
Standard bar charts are commonly used to convey price activity into an easily readable chart. Usually four elements make up a bar chart, the Open, High, Low, and Close for the trading session/time period. A price bar can represent any time frame the user wishes, from 1 minute to 1 month. The total vertical length/height of the bar represents the entire trading range for the period. The top of the bar represents the highest price of the period, and the bottom of the bar represents the lowest price of the period. The Open is represented by a small dash to the left of the bar, and the Close for the session is a small dash to the right of the bar. Below is a standard bar chart example.
Candlestick Charts Explained **(DID NOT Print charts)
You may be asking yourself, "If I can already use bar charts to view prices, then why do I need another type of chart?"
The answer to this question may not seem obvious, but after going through the following candlestick chart explanations and examples, you will surely see value in the different perspective candlesticks bring to the table. In my opinion, they are much more visually appealing, and convey the price information in a quicker, easier manner.
What is the History of Candlestick Charts?
Candlestick charts are on record as being the oldest type of charts used for price prediction. They date back to the 1700's, when they were used for predicting rice prices. In fact, during this era in Japan, Munehisa Homma become a legendary rice trader and gained a huge fortune using candlestick analysis. He is said to have executed over 100 consecutive winning trades!
The candlesticks themselves and the formations they shape were give colorful names by the Japanese traders. Due in part to the military environment of the Japanese feudal system during this era, candlestick formations developed names such as "counter attack lines" and the "advancing three soldiers". Just as skill, strategy, and psychology are important in battle, so too are they important elements when in the midst of trading battle.
What do Candlesticks Look Like?
Candlestick charts are much more visually appealing than a standard two-dimensional bar chart. As in a standard bar chart, there are four elements necessary to construct a candlestick chart, the OPEN, HIGH, LOW and CLOSING price for a given time period. Below are examples of candlesticks and a definition for each candlestick component:
The body of the candlestick is called the real body, and represents the range between the open and closing prices.
A black or filled-in body represents that the close during that time period was lower than the open, (normally considered bearish) and when the body is open or white, that means the close was higher than the open (normally bullish).
The thin vertical line above and/or below the real body is called the upper/lower shadow, representing the high/low price extremes for the period.
Bar Compared to Candlestick Charts
Below is an example of the same price data conveyed in a standard bar chart and a candlestick chart. Notice how the candlestick chart appears 3-dimensional, as price data almost jumps out at you.
( 3a )
( 3b )
The long, dark, filled-in real bodies represent a weak (bearish) close ( 3a ), while a long open, light-colored real body represents a strong (bullish) close ( 3b ). It is important to note that Japanese candlestick analysts traditionally view the open and closing prices as the most critical of the day. At a glance, notice how much easier it is with candlesticks to determine if the closing price was higher or lower than the opening price.
Common Candlestick Terminology
The following is a list of some individual candlestick terms. It is important to realize that many formations occur within the context of prior candlesticks. What follows is merely a definition of terms, not formations.
The Black Candlestick -- when the close is lower than the open.
The White Candlestick -- when the close is higher than the open.
The Shaven Head -- a candlestick with no upper shadow.
The Shaven Bottom -- a candlestick with no lower shadow.
Spinning Tops -- candlesticks with small real bodies, and when appearing within a sideways choppy market, they represent equilibrium between the bulls and the bears. They can be either white or black.
Doji Lines -- have no real body, but instead have a horizontal line. This represents when the Open and Close are the same or very close. The length of the shadow can vary.
Candlestick Reversal Patterns
Just as many traders look to bar charts for double tops and bottoms, head-and-shoulders, and technical indicators for reversal signals, so too can candlestick formations be looked upon for the same purpose. A reversal does not always mean that the current uptrend/downtrend will reverse direction, but merely that the current direction may end. The market may then decide to drift sideways. Candlestick reversal patterns must be viewed within the context of prior activity to be effective. In fact, identical candlesticks may have different meanings depending on where they occur within the context of prior trends and formations.
Hammer -- a candlestick with a long lower shadow and small real body. The shadow should be at least twice the length of the real body, and there should be no or very little upper shadow. The body may be either black or white, but the key is that this candlestick must occur within the context of a downtrend to be considered a hammer. The market may be "hammering" out a bottom.
Hanging Man -- identical in appearance to the hammer, but appears within the context of an uptrend.
Engulfing Patterns -- Bullish -- when a white, real body totally covers, "engulfs" the prior day's real body. The market should be in a definable trend, not chopping around sideways. The shadows of the prior candlestick do not need to be engulfed.
Bearish -- when a black, real body totally covers, "engulfs" the prior day's real body. The market should be in a definable trend, not chopping around sideways. The shadows of the prior candlestick do not need to be engulfed.
Dark-Cloud Cover(bearish) -- a top reversal formation where the first day of the pattern consists of a strong white, real body. The second day's price opens above the top of the upper shadow of the prior candlestick, but the close is at or near the low of the day, and well into the prior white, real body.
Piercing Pattern (bullish) -- opposite of the dark-cloud cover. Occurs within a downtrend. The first candlestick having a black, real body, and the second has a long, white, real body. The white day opens sharply lower, under the low of the prior black day. Then, prices close above the 50% point of the prior day's black real body.
Stars
These candlestick formations consist of a small real body that gaps away from the real body preceding it. The real body of the star should not overlap the prior real body. The color of the star is not too important, and they can occur at either tops or bottoms. Stars are the equivalent of gaps on standard bar charts.
Stars make up part of four separate reversal patterns:
Morning Star
Evening Star
Doji Star
Shooting Star (Inverted Hammer)
Morning Star -- this is a bullish bottom reversal pattern. The formation is comprised of 3 candlesticks. The first candlestick is a tall black real body followed by the second, a small real body, which gaps (opens), lower (a star pattern). The third candlestick is a white real body that moves well into the first period's black real body. This is similar to an island pattern on standard bar charts.
Evening Star -- a bearish top reversal pattern and counterpart to the Morning Star. Three candlesticks compose the evening star, the first being long and white. The second forms a star, followed by the third, which has a black real body that moves sharply into the first white candlestick.
Doji Stars -- When a doji gaps above a real body in an uptrend, or gaps under a real body in a falling market, that particular doji is called a doji star. Two popular doji stars are the evening star and the morning star.
Evening Doji Star -- a doji star in an uptrend followed by a long, black real body that closed well into the prior white real body. If the candlestick after the doji star is white and gapped higher, the bearishness of the doji is invalidated.
Morning Doji Star -- a doji star in a downtrend followed by a long, white real body that closes well into the prior black real body. If the candlestick after the doji star is black and gapped lower, the bullishness of the doji is invalidated.
Shooting Star -- a small real body near the lower end of the trading range, with a long upper shadow. The color of the body is not critical. Not usually considered a major reversal sign, only a warning.
Inverted Hammer-- not really a star, but does look like a shooting star. When occurring within a downtrend, may be a turning signal. Body color is not critical.
Final Thoughts and Credits
It is important to realize that this introduction is just that, an introduction to candlestick analysis. After having read this, you will have merely scratched the surface of the many patterns and variables that can go into candlestick analysis. No attempt was made to provide a thorough analysis of each and every pattern. In fact, many formations were left out as they cross the border into more complicated analysis. For a more complete overview of candlestick analysis, it is highly recommended that you read the book that is referred to below.
A large portion of the material in this introduction is taken from an excellent book called Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East. In some cases, sentences were taken almost verbatim, as there was no better way to say what Mr. Steve Nison, the author, already said. In his book, Mr. Nison, completely explains candlesticks and their formations, but more importantly explains how to combine candlestick analysis with traditional technical analysis. It is highly recommended that you consider purchasing this book from the ALTAVEST Online Bookstore.
As traders, we need as many trading tools in our arsenal, and a basic knowledge of candlesticks provides a trader much needed ammunition. Also remember that no matter what the trading tool, no matter how advanced or ancient, it is only effective when put into practice properly. This is, of course, your job as the trader
by Peter Leeds
www.PeterLeeds.com
You May Have Heard...
You may have heard that it is a bad idea to 'fall in love' with a stock you own. However, something more dangerous, and much more common, we call 'falling in hate.' We are referring to holding on to those losing positions as they plummet, whether because you feel "It can't go any lower," or because you won't sell until it goes back up to where you bought it at.
These attitudes are very common, and very dangerous, and 9 times out of 10 work out to the detriment of the investor. For example, if you think it can't go any lower it very often does. It CAN go lower. Surprise!
Wait until the stock is back to where you bought it, and you may be waiting for a long time. As well, this philosophy sometimes makes investors sell at break-even when the stock is moving past the buy price and into even higher territory.
Averaging Death - Er... I Mean Averaging Down
Averaging down is when you buy more shares of a stock after it has sunk. This makes your average price per share lower. For example, you bought 1000 shares at $2.00, the stock sinks to $1.00 and you buy 1000 more. Now you have 2000 shares of stock at an average price of $1.50. This can be beneficial as the price only needs to increase 50% now to get back to break even, rather than 100%.
However, be warned. Averaging down is just throwing good money after bad, and very rarely works out to the advantage of the investor. You already expected the stock to go up, and it went down. Now you are doubling your position in a stock that is not performing as you would like. Your fresh money may be better spent going into an entirely new stock altogether, as then you can pick from a pool of thousands, rather than putting more cash into a sinking ship.
Danger - Thin Ice
Well, you might say the stock can't sink forever and eventually it has to rebound. This is the main argument that people use to justify their methodology of buying more shares.
However, there are some factors that you may not have considered which can really hurt a stock price without being very visible. For example, often a wounded stock will consolodate shares (commonly referred to as a reverse split). All of the sudden the stock price doubles but you have half the shares. This gives the underlying stock room to continue its decent from a higher platform. Usually after a reverse split shares do decline in value in the short term.
Another problem would be if the company is in real trouble. The shares could keep sinking until $0.00. This is the only 'guaranteed' price bottom you'll ever find, and if anyone tells you different they are not being forthright. In such a case averaging down is a really bad idea.
When Is Averaging Down Effective?
After considering what we have said above, there are exceptions for averaging down. Perhaps the company is solid, with earnings and improving revenues. Maybe the stock price has simply been decreasing in sympathy to the overall market, or along with its sector.
If you feel strongly about the company, from an educated rather than emotional standpoint, then averaging down can be effective. That is, of course, if you are right about the company.
Quick Fixes and Professional Tips
You must never 'fall in love' with a stock, or be emotionally attached. You need to be able to logically examine your holdings with an unforgiving eye. When a stock starts going down, or acting differently than you expected have the courage to say "I was wrong," and cut it lose. The money from that investment could certainly do better for you in an entirely different stock. As well, professional traders very rarely take loses of more than 15%. Once the stock starts to sink past their maximum loss limit, they sell immediately, no matter how much they like the company.
Don't sink all of your cash into a stock at first. It is often good to buy half or a third of what you can afford, then give the stock some time to perform. If the shares increase you've made some money. If they sink, you have money held back to average down (as long as the company is strong and is simply being undervalued).
Many professional traders 'Average Up' which is buying more shares only if the price begins to rise. The increasing shares prove that they were right to pick the stock and gives them confidence in their research methods. If the company is in a long term uptrend they'll be making plenty of money on the shares, especially since they increased their exposure.
by Peter Leeds
by Peter Leeds
www.PeterLeeds.com
Penny stocks represent an excellent investment vehicle for producing gains, while the risks are equally as high. When you finally decide to get involved in penny stocks, to go 'Beyond The Brink,' there are some things you need to know.
In fact, whether you have been burned by penny stocks in the past, or have never even invested, the following theories are designed to give you an instant and significant advantage over all those inexperienced and uninformed traders. After all, to make money in stocks someone usually has to be losing money. Which side of the fence do you want to fall on?
Glass Jaw
Lots of people have made lots of money from trading penny stocks. Lots of people have lost plenty, as well. What is the difference between a successful micro-cap trader, and one who continually takes it on the chin?
Uses professional stock picks and research. Does their own due diligence. Observes patience. Takes lessons from past trades and stock activity. Takes lessons from other traders. Decides between 10 stocks at a time.
Uses tips at work, rumors, and so-called 'inside scoops' to pick stocks. Doesn't investigate financials and corporate position. Falls victim to negative emotions like greed, anger, and desperation. Makes the same mistakes more than once. Looks at one stock alone on its own situation.
So Let's Learn
The fact that you have taken the time to review this feature demonstrates that you have the characteristics of a successful trader, specifically the willingness to learn from experts and the experiences of other traders.
So let's learn. As mentioned above, you should always examine groups of stocks together when looking for a new issue to invest in. For example, make a chart and write down the revenues of each. In the next column list the earnings. Follow this by each of the subsequent criteria you think are important. With all of the data on one table and available at a glance, you can easily get a clear picture of which are the one or two strongest companies from your pool of potential investments.
However, understand that stock prices do not necessarily act in concert with the underlying fundamentals of a company. For example, there is nothing saying that the stock of the worst company on your list won't outperform the top ranked one.
For that reason you should also include factors such as trading volatility, your opinion of a potential break-through due to some new product, potential positive press releases, etc... This method is not intended to reveal the best stock, but instead to give you additional clarity about which are the best few and worst few according to your own weightings of the various factors you have chosen.
Available Advantages
Get a discount broker. Monitor your portfolio online, do your research online (and offline), and place your trades online. Embrace the technology, because it provides superior advantages all across the board. You can screen stocks, put those into comparative charts, instantly access the corporate press releases, check the latest industry news, and then place your trade... all for about $20.
Then you can monitor your trade order fulfillment, verify that the money and shares traded hands, track the progress of the stocks, get instant alerts for press releases... It is truly endless and complete, and each step that you take full advantage of leaves other traders one step behind you.
Keep small amounts of money in each stock, and only 'risk' money for penny stocks. While these low-priced, volatile investments can produce some truly incredible gains, they usually bounce among all sorts of price ranges.
On a related note, if you get 'freaked out' or worried about a stock you hold, you should consider selling your position. Try to invest in solid penny stock companies that have a low share price because they are small or undiscovered, not because they are having business troubles.
Beyond... And After That
Some of the most successful traders have a few things in common. Firstly, they have made some major trading mistakes in their day. However, they learned more from these mistakes than they ever did from any of their great trades. Don't squander your failures by trying to put them behind you.
Secondly, keep a journal with dates, specific trade amounts and prices, and even the stocks you were thinking of investing in but didn't. You can use this for a hundred different purposes as you become a more advanced trader, such as seeing opportunities you missed, or learning that your strategies are valid, or just to monitor your improvement as you become more experienced from month to month.
by Peter Leeds
www.PeterLeeds.com
The croupier has a hook at the end of his stick and guess who is holding the stick?
I remember that one, that guy eat my lunch.
This one I baild the week before.
In some states shareholders are public and in others states they only the officers and directors are public info.
Tom
A list of shareholders would be the way to go see if you can get me one, then the Fax, Phone and US Mail would work.
Thanks
LGL
Do to action taken by a member of this board, I have suspended all proxy collection on THIS board, and the CC has been put on hold until further notice.
Why Investing is so Hard
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Note the DATE: Sunday, September 04, 2005
Copyright © Las Vegas Review-Journal
COOPERATING WITNESS: Swindler acquiring businesses
He may be using law to steal companies as he awaits sentencing, attorneys say
By CARRI GEER THEVENOT
and ED VOGEL
REVIEW-JOURNAL
Admitted stock swindler Peter Berney has been cooperating with the federal government for nearly four years. He's also been busy in recent months taking over Nevada corporations.
New York attorney Maranda Fritz said she has discovered about 40 corporations that have been acquired by the Las Vegas businessman or one of his associates since January.
Attorneys representing one of the corporations, Drake Holding, have accused Berney of engineering "a far-ranging criminal conspiracy" while awaiting sentencing in his federal fraud case.
On Wednesday, a district judge in Reno heard testimony on the matter and concluded that the U.S. attorney's Organized Crime Strike Force should investigate the possibility that Berney is using the state's corporate custodian law to steal companies.
The judge heard evidence Berney has been targeting companies that appear inactive, then buying a nominal amount of stock as part of a scheme to have him or one of his representatives appointed as a custodian with certain powers over the company.
In the Drake case, District Judge Brent Adams of Reno appointed shareholder Robert McBride custodian of Drake Holding in May after McBride alleged that the company had "abandoned its business."
On Wednesday, Adams removed McBride as custodian after learning that he is a home repairman who has worked several times at Berney's Las Vegas house. McBride also testified that he had no experience running a company and owned only 600 shares of Drake Holding.
Adams accused Berney and one of his associates, Corene Dion, of using McBride as their "instrument" to take over dormant companies and profit at the expense of unsuspecting shareholders.
During the hearing, McBride contended that the state's corporate custodian law gave him the power to do anything he wanted with Drake Holding, including changing its name and authorizing new stock.
"This conduct is shocking," the judge told McBride. "The duty of the custodian is to take custody of a corporation and protect it, not to steal it."
McBride testified that Berney had turned him on to the idea. He said he has no retirement fund and was looking for "a few bucks" to help him out when he retires.
New York attorney Lawrence Schoenbach, who represents Berney in his criminal case, declined to comment last week on the allegations made by Drake's attorneys.
No one in the federal government wants to discuss Berney's recent activities, either.
In researching this story, the Review-Journal received "no comments" from officials with the U.S. attorney's office, the Pretrial Services Office, the Securities and Exchange Commission, and the Internal Revenue Service.
Berney has been cooperating with the federal government since he pleaded guilty in December 2001 to federal conspiracy charges and admitted receiving at least $35 million in proceeds from the fraudulent sale of securities.
The pleas resolved cases pending against him in Las Vegas and New York.
According to Berney's plea agreement, he engaged in a conspiracy to defraud the United States from February 1993 through August 1999.
Berney was arrested in Switzerland in February 2000 and later was extradited to the United States.
Court records show that he was placed under the supervision of Pretrial Services in Las Vegas and initially faced such restrictions as house arrest with 24-hour surveillance and a prohibition on his use of computers.
After Berney's guilty pleas, however, all restrictions but one were lifted: a restriction on travel outside the United States.
Berney, who has been awaiting sentencing for nearly four years, is scheduled to testify against his co-defendants in January at their Las Vegas trial. McBride also is expected to testify as a government witness.
Among the defendants in the criminal case is former New York lawyer Herbert Jacobi, who is represented by Fritz.
Fritz said she began investigating Berney's activities about two months ago, when she received a tip that he was offering shell corporations for sale. She went to the Nevada secretary of state's Web site and searched for the names of Berney and his associates.
She found their names repeatedly. She also found Berney's name listed as president of a corporation called Telpac Industries.
Ironically, Fritz had represented Telpac's president, Mary Grace, for many years. The lawyer notified Grace about her discovery and began orchestrating an undercover investigation to gather more information about Berney.
Fritz said Jane Gordon, a woman who works for her private investigator, posed as an attorney representing a man interested in buying a shell corporation. Gordon and Berney communicated for about three weeks and ultimately had a face-to-face meeting in Las Vegas.
The following day, July 27, Fritz took all the information she had gathered on Berney and shared it during a two-hour meeting in Las Vegas with IRS Special Agent Mike Payne and Assistant U.S. Attorney Gregory Damm.
"Much to my surprise, the response was that unless I could prove that Berney was engaged in federal criminal violations, they did not see why they should interfere with his business activities, even though they were the ones who put him back out on the street," Fritz said.
She also provided her information to Pretrial Services, the secretary of state's office and the SEC. Only SEC officials have shown a strong interest, she said.
"My concern is that the U.S. attorney's office is not taking action against (Berney) because he is now a cooperating witness for them," Fritz said.
The lawyer said Grace recently was replaced as Telpac's president through a "proper shareholders meeting."
Adams said he plans to turn transcripts and documents from last week's court hearing over to the Organized Crime Strike Force, of which Damm is a member. The judge also asked his clerks to notify the secretary of state's office about how Nevada's corporate custodian law is being abused.
Attorneys representing Drake Holding outlined what they called "the Berney scam" in a mid-August motion that sought to remove McBride as custodian of the company. The motion described McBride as an agent for Berney.
"Monitoring the secretary of state records, Berney and his henchmen would discover corporate charters being suspended or revoked for nonpayment (a relatively frequent occurrence)," the attorneys wrote.
"They then would send a letter purporting to represent `a shareholder' to the last known address listed with the secretary of state."
When the letter is returned as undeliverable, according to the motion, they immediately seek shares of the corporation and move for custodianship.
"Once appointed custodian, the criminal perpetrators will attempt to sell the company to third parties," Drake's attorneys wrote. "When marketing the company to third parties, the criminal perpetrators rely on the court's custodianship order and seek an upfront payment of cash that is to be wired to a company owned and controlled by Berney."
Fritz said Berney has been offering to sell the corporations for between $130,000 and $160,000, although she does not know whether he has succeeded in selling any.
Joe Dilillo, president of Drake Holding, testified that he learned only a few weeks ago that McBride had taken over the company he had founded in 1986, issued 100 million shares of new stock and changed its name. He said McBride never contacted him, even though his telephone number was listed in the phone book.
"We were blindsided by this," Dilillo testified. "Someone comes in from left field and tries to steal my company."
Nonetheless, McBride filed documents with the secretary of state's office indicating that he had conducted a shareholder election and that 52 percent of the shareholders had agreed to the name change and authorized the issuance of additional stock.
Upon questioning by Adams, McBride admitted that he had not conducted a shareholder meeting and that he did not have approval of 52 percent of the shareholders. McBride said he thought under state corporation laws that he controlled unissued stock of the company.
"Does that sound OK to you?" Adams asked McBride.
"The way you put it, no," McBride replied.
During the hearing, McBride repeatedly told Adams he could not remember how many times he had filed other requests to become the custodian of inactive companies.
Drake lawyer David Otto mentioned at least one other company with which McBride sought a custodial relationship. He named four other companies in which McBride was listed as a director or officer.
"Why on earth did you get in the business of being a custodian?" Adams asked.
"I thought I could do it in my later years when I could not do contracting," he replied.
McBride said he was a home repairman who had worked several times at Berney's home.
Since he has no retirement benefits, McBride said, he asked Berney how he might secure additional money. He said Berney discussed deals with him and suggested he contact Dion.
Dion said Berney is a consultant for her financial research and development business, which she operates at 350 Kachina Circle, the same address as Berney's home.
She declined specific comment, saying, "Due to the voluminous amount of verbiage that it would require to refute the allegations at hand, we will reserve the right to respond later." She said she would be willing to discuss the allegations after a transcript of Wednesday's hearing becomes available.
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CALYPSO WIRELESS ... ( CLYW ) developed the solution that allows any mobile device to seamlessly roam between cellular networks and wireless local area networks. On January 20, 2004 Calypso received U.S. Patent No. U.S. 6,680,923 B1 titled: “Communication System and Method”. This solution is known by the trademarked acronym, ASNAP™, which stands for: Automatic Switching of Network Access Points.
For the past several years the company has been working toward the development of products incorporating its revolutionary ASNAP™ technology. Calypso has successfully demonstrated the seamless flow of data while switching between a wireless connection from a cellular GSM/GPRS tower to a local Wi-Fi access point and back to GSM/GPRS again. The company is pursuing mobile carrier customers to realize the intrinsic value of this technology.
Several mobile carriers have recognized the potential of Calypso’s ASNAP™ technology and have signed field trial agreements to install and test the system and to test the ASNAP™ powered mobile devices as well. Successful field trials should lead to definitive purchase, and or license agreements.
Calypso has remained and will remain focused on the development of its technology and related products, to the deployment of its technology and to direct negotiations with mobile carriers concerning its products. With the Wi-Fi industry being one of the most explosive industries in the world, there is considerable interest from the major mobile carriers and OEMs (Original Equipment Manufacturers) in Calypso’s ASNAP™ technology. Calypso is moving toward procuring licensing agreements with major OEM’s that are interested in developing products that include or facilitate the company’s technology.
If you guys are going to take this to 0.015, let's do a R/S 1-10 and do the same with the A/S what do you think?
From JACK DOUERK
I was also exploring other financial thoughts and came across Benjamin Graham’s principles, and I think they apply to all aspects of investing, even in foreign stocks. Here are seven of his principles on buying stocks that I believe are worth hearing sharing:
1. The companies should be soundly managed.
2. The companies have demonstrated earning capacity with a likelihood that this will continue.
3. The companies should have consistently high returns.
4. The companies should have a prudent approach to debt.
5. The businesses of the companies should be simple and investors should have an understanding of the companies.
6. Assuming that all these thresholds are satisfied, the investment should only be made at a reasonable price, with a margin of safety.
These principles align with our ideals at Stillwater Capital of providing the potential for clients to preserve and grow their capital using a risk-controlled approach to investing.
Thanks for listening! -- Jack Doueck