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Yeah its not likely though MM's make some mistakes from time to time e.g. arbitrage situations, and there are people that make a living jumping all over arbitrage.
SHELLY
Right now the bid is .0002 and the offer is .0003 They were either wrong in their post or it was a mm mistake that they caught and corrected right away.
Thanks Mello
2 million shares traded right out of the gates.
Can someone post the IR number? I would like ot try to call them.
There goes the great wall of China erected at .0003 for 90,000
I know that for sure. These march to their own beat. Brokers that dabble in pinks will sometimes try to find deals for their clients that have an appetite for pinks after they have nice gain days, but you are right about the average pink sheet investor that trades on an online brokerage account.
It'd be nice. I expect it to one day
Only 3 offers of 5000 each @ .0003 are showing. Im sure the bigger pieces will jump on at the open and keep up the usual wall we run into.
SHELLY
That drop along with the fed holding steady caused a great day on the market. Maybe there will be a few happy investors that may be willing to take a look at some little ones, i.e. AMHD
Oil has dropped $28 since July.
Only 1 offer @.0002
Just a couple of buys could pop us back to .0003
Yeah I like it too. Lets hope so.
I know how you feel but the good news is that it cant go any lower
I definitely think its a buy down here. It screams buy!
Its all cyclical. Steady growth is the best. If it goes up to fast it will correct itself and causes extreme highs and lows.
No doubt about it
Without knowing I would say NO WAY its probably a scam. I dont believe the technology is there yet to do this cost effectively.
Too bad I was anxious to hear your report from your filed trip.
Im sure they will be happy to give you a tour if you fly out there.
The prognosticators ALWAYS overstate expectations either up or down. They did it with the housing boom as they estimated a 10 year run and we only saw a 3-4 year run.
Its not a buy out offer by any means but it shows progress.
Nice PR!
Every $1 decline in the price of oil equals about a 2.4-cent drop in the price for a gallon of gasoline.
Article on oil price
Oil falls below $120 on demand concerns
Aug 5, 6:53 AM (ET)
By PABLO GORONDI
(AP) Graphic shows the price of crude oil;
Full Image
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MoneyAndMarkets.com
Oil prices fell nearly $2 a barrel Tuesday on expectations the economic downturn in the U.S. will erode consumer demand for crude products.
The U.S. dollar's gains against the euro also contributed to lower oil futures' prices.
By midday in Europe, light, sweet crude for September delivery was down $1.76 to $119.65 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $3.69 overnight to settle at $121.41 a barrel. Earlier Tuesday, it fell as low as $118 a barrel before rebounding.
In London, September Brent crude fell $2.59 to $118.09 a barrel on the ICE Futures exchange.
(AP) Graphic shows the price of crude oil; 1c x 3 inches; 46.5 mm x 76.2 mm
Full Image
"The main factor weighing on oil prices is worries about oil consumption being weakened, especially in the U.S.," said David Moore, a commodity strategist with Commonwealth Bank of Australia in Sydney.
On Monday, the Commerce Department said consumer spending after adjusting for inflation fell 0.2 percent in June - the biggest drop since February - as shoppers dealt with higher prices for gasoline, food and other items. The weak consumer spending data came despite the arrival of tax rebate checks, part of a stimulus package the government hoped would spur purchasing.
Oil prices also fell as Tropical Storm Edouard seemed less likely to disrupt oil and natural gas output in the Gulf of Mexico. Though Edouard was threatening to pick up strength from warm Gulf waters and gain near-hurricane speeds over the next 24 hours, it likely would not be strong enough to damage offshore oil and natural gas drilling platforms that sit in its path.
Investors ignored continued tension over Iran's nuclear program. Representatives of the five permanent members of the U.N. Security Council and Germany agreed Monday to seek new sanctions against Iran after the country failed to meet a weekend deadline to respond to an offer intended to defuse the dispute, State Department spokesman Gonzalo Gallegos said.
Iran's lack of response to an incentives package aimed at getting it to halt sensitive atomic activity left no option other than to pursue new punitive measures, Gallegos said.
Also on Monday Iran announced that it has tested a new weapon capable of sinking ships nearly 200 miles (320 kilometers) away, and Tehran reiterated threats to close a strategic waterway at the mouth of the Gulf if attacked. Up to 40 percent of the world's oil passes through the Strait of Hormuz, a narrow passage along Iran's southern coast, and any move by Iran to close it to tanker traffic would send oil prices skyrocketing.
"Sometimes the focus of the market can shift, and at this point it's focused on some of the areas of weakness in demand," Moore said. "But some of the issues that caused oil prices to lift have not yet been resolved."
Analysts at JVBC Energy in Vienna, Austria, said the fact that markets were seemingly downplaying bullish factors like Tropical Storm Edouard and the Iran nuclear situation was a sign that "there is significant underlying bearish sentiment at play."
Crude futures have fallen about $27, or about 18 percent, since reaching a record high of $147.27 on July 11.
The euro fell to $1.5496 from the $1.5587 it bought late in New York trading Monday, making oil and other commodities less attractive to investors seeking a hedge against inflation and dollar weakness.
In other Nymex trading, heating oil futures fell 4.38 cents to $3.3063 a gallon (3.8 liters), while gasoline prices dropped 4.52 cents to $2.955 a gallon. Natural gas futures shed 17.8 cents to $8.548 per 1,000 cubic feet.
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Oil continues to drop, closing under $120 per barrel.
light volume today again. I would really like to see this one get going on a consistent basis
today its better off that it doesnt work
LOL I thought it looked familiar
I second it!
Both are welcome moves thats for sure
Makes Sense!
A couple trades are showing for a total of almost 600K but none of it on the offer.
Absolutely. And its not about to change. As a matter of fact our way of life is catching on. The emerging middle classes in India and China want cars too.
How many people do you know that are really and truly wiling to change their lifestyle? Im not and I would bet you aren"t either, as the overwhelming majority of Americans are happy with their way of life.
The truth is that we enjoy our lifestyles. We like having two vehicles and living in the suburbs. That is not going to change anytime soon and we need to pay for it if we want that to continue.
Its ludicrous. Lets say every single person in America boycotted gas stations on Tuesday, They arent going to use any less or buy any less. It only means that they will buy their gas on Monday or on Wednesday. When its all said and done the oil companies will make exactly the same
SHELLY
Its gonna take a lot of work to break .0003 but when that happens it could run for awhile imo
The stock hasn't opened yet but at least the bid is at .0002 and not .0001