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Prices of homes here in the MA keep climbing, too. News in the local paper yesterday said home prices climbed 16% this past year. Amazing, while the rest of the country is declining at record levels. Kind of depresses me in a way cuz now I will have to start selling my organs just to buy a house around here. LOL
LMAO. Maybe Eugene should run for President.
That's exactly what they are... free shares. I got in before the big pop and sold 3/4 of them around the penny range. Holding the rest just in case Adam can pull a rabbit out. I tell you what... had he just put out one more PR during that craziness, this thing would of taken off like there was no tomorrow. Let's see if he can do it again but do it the right way this time. It could get a bit tricky now that there are a whole bunch more shares in the float. But then, if we can get another buying frenzy like before, then that should do it... as long as Adam pumps it at the right time with some PRs. Something about sales being better than expected would be killer.
That video is crap. It does not take into account any of the actual trend lines. That is where most of the real support and resistances are derived from.
Thanks, stock_observer. Also, in case anyone wants to know, I held my shares during the downturn.
ZVTK Chart TA (an accurate one at that)
ZVTK's chart show that the stock has been in a downward channel. Today's breakout of that channel shows it hit up against the upward major upward trendline. The tagging of this line at .0042 pushed the stock back down to close above the downward trendline and the major trendline. For the stock to move up, this major upward trendline needs to broken and the stock needs to close above .0043 A close above this and the stock should head towards .006 On the other hand, a break down will be a bumping against the top side of the downward trendline. In order to maintain the upward momentum, the stock will need to close above .032 A close below this and it's right back to the downward channel.
I know. Also, you see that article I posted today about 24% of home owners being under water? That was posted all over the place on Tuesday. But, when I went to find it yesterday, I could only find it on one news site.
Also, get this.... you know why the unemployment numbers declined last month? It's because the government changed the number of "available jobs" to be less. So, the number that is the divisor in their equation was smaller. Thus, making the percentage result become larger. You don't hear the government talk about that either, do we?
They are going to lie to us all the way up until the day when judgement day comes because they don't want to cause a panic, which they believe will actually cause what they fear to come true.
24% of home mortgages 'underwater'
http://articles.moneycentral.msn.com/Banking/HomeFinancing/24-percent-of-mortgages-underwater.aspx
Maybe covering.
Eugene shares it with us every 3 months.
What? You don't think I know where the mine is?
And don't expect to see it in the future, either.
LMAO. Ohhhhh... the horror.
Today should be the confirmation we have been waiting for. 3x shorties are going to rake in the cash!
Quest Minerals & Mining Announces January 2010 Production Results
Gwenco to Report January 2010 Coal Revenue of $294,700 on Over 4,300 Clean Tons of Coal Which Are More Than Double Its January 2009 Reported Revenue
View Additional ProfilesPATERSON, N.J., Feb. 25, 2010 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced coal revenues of $294,700 for the month of January 2010. Quest's operating subsidiary, Gwenco, Inc., produced and shipped 10,900 gross tons for the month, resulting in sales of 4,300 clean tons of coal. These results more than double the company's reported January 2009 revenues of $133,400 but are slightly less than the coal revenues of $350,000 reported for the month of December 2009.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are pleased to see that the company is currently on an improved growth rate in 2010 as compared to the start of our 2009 fiscal year. Even with a slow start to our production this year, we have managed to maintain an increased pace when compared to last year's efforts. We continue to work towards our production goal of 10,000 clean tons per month."
Quest also stated that it anticipates announcing its complete 2009 operating results between March 31 and April 15, 2010.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
CONTACT: Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
Looking for a S&P close below 1092 today.
Banks at risk of going bust tops 700
The number of lenders on the FDIC's watch list continued to mount as banks grapple with loan troubles.
By David Ellis, staff writerFebruary 23, 2010: 11:36 AM ET
NEW YORK (CNNMoney.com) -- More than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday.
The Federal Deposit Insurance Corp. said that the number of banks on its so-called "problem list" climbed to 702, its highest level since June 1993.
The number of banks under scrutiny by regulators has moved steadily higher since the recession began. Just 76 financial institutions were on the list in the fourth quarter of 2007.
Banks that end up on the problem list are considered the most likely to fail because of difficulties with their finances, operations or management.
Still, few of the lenders that are on the list actually reach the point of failure. In fact, just 13% of banks on the list have been seized and shuttered by regulators.
The names of the banks on the list are never made available to the general public by regulators out of fear that depositors at those institutions may prompt a so-called "run on the bank."
Banks have been hit hard by the troubles in the broader economy. Nearly a third of the more than 8,000 lenders across the country reported a loss for the year, the FDIC reported Tuesday.
But FDIC Chairman Sheila Bair acknowledged that while lenders are still grappling with rising losses and delinquent customers, the industry has managed to stage a dramatic comeback over the past year.
Banks collectively reported a relatively small profit of $914 million in the fourth quarter of 2009. During the fourth quarter of 2008, banks lost a combined $32.1 billion.
0:00 /5:55Why more banks will fail in 2010
"Usually a lack of profits is not considered a good result, but compared to the record loss the industry reported a year ago it represents a significant improvement," she said during a press conference Tuesday.
But there is no indication things will improve anytime soon for the country's top banking regulator. With the FDIC having shuttered 20 banks so far this year, it is on track to seize at least as many financial institutions, if not more, as it did in 2009. Last year, the FDIC shut down a total of 140 lenders nationwide.
Bair confirmed that the pace of bank failures would pick up this year, which would likely put a further strain on the agency's deposit insurance fund.
This fund, which covers customer deposits when a bank fails, slipped into red last fall for the first time since 1991. The fund's deficit continued to balloon in the fourth quarter to nearly $21 billion - its largest deficit on record.
Last year, the agency took a variety of steps to help shore up the fund, including imposing a special assessment on all banks and having lenders prepay their insurance premiums for the next three years.
Bair said Tuesday that these steps, combined with some improvement in the sector, should mean that the fund will be able to handle further bank failures.
"Assuming we don't have a significantly more adverse scenario than most people think, I think we will be in good shape this year and we will start seeing the deposit insurance fund balance go back up toward the end of the year," she said.
Spain's "Fannie & Freddie" Starting To Show Dramatic Deterioration
http://www.businessinsider.com/same-as-state-spanish-debt-starting-to-show-fannie-and-freddie-like-spread-widening-2010-2
Marc Faber of Financialsensehour with Jim Puplava
WE'RE DOOMED !!!
We Need a Second Stimulus Now, Says Nobel Laureate Stiglitz, or Americans Will Be Unemployed for Years
http://finance.yahoo.com/tech-ticker/we-need-a-second-stimulus-now-says-nobel-laureate-stiglitz-or-americans-will-be-unemployed-for-years-424832.html?tickers=^dji,^gspc,tbt,dia,spy,tlt,man
Ballooning debt is likely to force several countries to default and the U.S. to cut spending, according to Harvard University Professor Kenneth Rogoff, who in 2008 predicted the failure of big American banks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAd.sSfnhpTA&pos=6
Ferguson: We're One Downgrade Away From The End Of American Empire
http://www.businessinsider.com/ferguson-were-one-write-down-away-from-the-end-of-american-empire-2010-2
Nearly 20 percent of U.S. workers underemployed
http://news.yahoo.com/s/nm/20100223/ts_nm/us_usa_economy_jobs_poll
Strikes, clashes up pressure on Greek government
http://news.yahoo.com/s/ap/20100225/ap_on_bi_ge/eu_greece_financial_crisis
China Property Price Gains Unsustainable, S&P Says
http://www.bloomberg.com/apps/news?pid=20601068&sid=aZrvHuSOajoI
Indian Food Inflation Rate Exceeds 17% for Fifth Week
http://www.bloomberg.com/apps/news?pid=20601068&sid=a5wZyi34M.pQ
Euro Falls, Asian Stocks Decline on Possible Greece Downgrade
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4EEI5ZbkCmY&pos=1
New Home Sales Tumble to Record Low in January
http://www.cnbc.com/id/35560213
I think we will see a flight to safety as money moves out of the stock market and back into bonds. I believe that the bond market will rise for a while, as the stock market corrects.
NOTIFY the DOJ about the ZVTK scam.
MINUTES OF PLEA AND TRIAL SETTING held before Judge Terry J. Hatter, Jr as to Defendant Tarun Mendiratta. Defendant enters plea of Guilty to counts 1 and 2 of the Information. The Court ORDERS the plea(s) accepted and entered. The Court refers the defendant to the Probation Office for investigation and report, and the matter is continued to January 25, 2010, at 10:00 a.m. for sentencing (extended). The Court ORDERS Counsel and Defendant to reappear on such date without further Order of the Court. Defendant will remain on bond. Court Reporter: Freda Mendelsohn. (lom) (Entered: 08/12/2009)
Don't be afraid to let the DOJ know that Tarun and his ZVTK affiliation.
The DOJ will let the Judge know that Tarun is still playing his games = maximum prison sentence.
USA represented by Stephen I Goorvitch
AUSA - Office of US Attorney
312 North Spring Street 12th Floor
Los Angeles , CA 90012
213-894-2476
Fax: 213-894-6269
Email: usacac.criminal@usdoj.gov
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
That's the thing. It's just a light bulb. Who cares?
Yup. I'm wondering the same thing. Not sure what to think of it.
Not just dropped before, but steadily for nearly a year. So why is now different?
The stock dropped yesterday and a lot of shares were sold.
Now we're getting new people posting on the QMIN board. What's with that?
Leading indicators are showing that this is the start of the next leg down.
And that is the line in the 10Q that will keep you and others in to average down more and more. Another chapter taken from the playbook.
Gary... Ask yourself this and make sure you answer it truthfully. Where are those posters now? At what PPS did they first appear and at what PPS did we last see thier posts?
I doubt it. Adam knew well in advance what he was getting himself into. These things just don't happen. They are calculated and carefully planned. And when all heck comes loose, they feel like they earned it from all their "hard work".
You call that a run? LMAO! Like I have posted here many times, this stock will do a little pop here and there. That's most likely just due to some penny newletter or group trying to pump it. That certainly has nothing to do with the company about to make some big annoucement like you are suggesting.