Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sam, you are correct, I think this may be the last Hoorah for the remaining authorized shares and FASC may be taking advantage of the recent buying interest. BUT, it is interesting to note that not many new posters have shown up which even my cynical self wonders if the new buyers in FASC speak english, if you get my drift!!! Buying without new poster baloney (Eury's alaises don't count) is a very positive indicator...IMVHO!!!
Or beischens could be right and I have a loose nut on my keyboard.......
TR, do you think they will try to dump all the remaining shares before year end???
jonesieat, I was a little worried I was looking at the wrong stock!!! LOL!!! So many companies, so little DD time!!! CFW looks OK at first glance, I'm going to take a closer look this week.
jonesieatl, I don't think CFW is a Canadian oil company...
"(I know, I know, these Canadian oil stocks are all over the place out there )"
Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano's primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.
Hey guys, anything exciting today?? Did I miss anything??
Birdy Flu, poop, palm oil????? Any Japanese posters show up yet???
OT: Charlie, deleted my "Temporary Internet Files" and it works. Changed the settings on IE, maybe that will help.
beischens, I couldn't get the info to come up at Lionshares using the Internet Exployer browser, tried the Firefox browser this morning and the info came up!!! IE browser SUCKS, it showed zero for both mutual fund and institutional ownership....IE browser is a Basher Browser!!!! LOLOLOL!!!!!!
1 AEGON Equity Funds - AEGON Equity Nort... 22,053,375 22,053,375 904,188 0.02 12.01 12-31-04
http://www.lionshares.com/details.cfm?SEARCH=mutual&cusip=31846W102&SID=DSUD001%207518153190....
Beischens, that link shows zero mutual fund and zero institutional holders....are you bashing?????
Tried it again...now it says "Available to Paying Customers Only"?????
Three times normal volume, maybe some interest from the NaturalNano NanoCommerce NanoForum coming up????? (say that really fast!!! LOL!!!)
Good point, Sam, just up the street from FASC, West Vancover and North Vancouver!!! LOL!!!
Too many pigs at the trough...all this recent news is just to try to justify increasing the Authorized, IMO. TRCPA, time to get everyone use to the idea, IMO....
Huggum's EGLF would have been a good buy at the recent low:
ETRD is the only MM on the ask...do they handle the dump shares????
techisbest...paid pumps?? Best to use the money for sales and let the fundamentals drive the pps. Are you just looking at the short term pump and dump like BIPH???
0.42 X 0.44 now.....eom.
Does FASC have a KDS in stock, or maybe use one of the AP units? Or does AGES own the AP unit(s)??? Will the testing be paid for, or will FASC have to pay??? Trying to figure out how many if any, shares have to be dumped....or maybe they already dumped enough??? No change yet on the bid/ask....
7 cents anyone???? Don't think small!!!!
Apology accepted....eom.
Go milk one of your bulls.....
GG...Goldcorp Agrees to Acquire Assets
Increasing 2006 Annual Gold Production by 50% to Over Two Million Ounces
Monday October 31, 7:30 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 31, 2005--Goldcorp Inc. ("Goldcorp") (TSX:G - News; NYSE:GG - News) is pleased to announce that it has entered into an agreement with Barrick Gold Corporation ("Barrick") (TSX:ABX - News; NYSE:ABX - News) to acquire certain mining assets and interests of Placer Dome Inc. ("Placer Dome") (TSX:PDG - News; NYSE:PDG - News), in the event that Barrick is successful in its bid to acquire Placer Dome. The consummation of this transaction would increase Goldcorp's annual gold production by approximately 50% to more than 2 million ounces at a total cash cost of less than US$150/oz. Proven and probable gold reserves would increase by 83%.
Barrick announced today that it will make an offer to acquire all the outstanding shares of Placer Dome for approximately US$9.2 billion in shares and cash. Barrick and Goldcorp have entered into a separate agreement pursuant to which Goldcorp will acquire, for approximately US$1.35 billion in cash, certain of Placer Dome's Canadian assets, including the Campbell mine in Ontario and a portfolio of producing and development assets with significant exploration potential.
Highlights of this transaction for Goldcorp include:
2006 gold production will increase by approximately 50% to more than 2 million ounces.
Gold reserves will increase by 83% to approximately 23 million ounces.
Measured and indicated gold resources will increase by 195% to 16 million ounces.
Inferred gold resources will increase by 86% to 11 million ounces.
Goldcorp will maintain its position as the lowest cost producer, with 2006 cash costs below US$150/oz.
The transaction is accretive to earnings per share, cash flow per share, reserves and resources per share, and production per share.
Acquisition of the Campbell mine will allow Goldcorp to consolidate its position in Canada's leading mining district and provides the potential to extract significant synergies given Goldcorp's adjacent Red Lake mine.
Goldcorp estimates total annual synergies of US$30 - US$40 million.
Participation in a large-scale, long-life development asset as well as significant exploration potential related to the Canadian assets to be acquired should significantly enhance Goldcorp's growth profile and its long-term exposure to gold.
No share issuance will be required as Goldcorp's strong cash position and current balance sheet strength will allow it to offer 100% cash consideration.
Subject to any required consents and government approvals, Goldcorp will acquire Placer Dome's interests in the Campbell mine, the Porcupine JV and the Musselwhite JV in Ontario, as well as the La Coipa gold / silver mine in Chile. Under the terms of the agreement, Goldcorp will also acquire a 40% interest in the Pueblo Viejo development project in the Dominican Republic. Barrick intends to retain the remaining 60% interest and will develop and operate this world-class asset. In addition, Goldcorp will acquire Placer Dome's interest in its Canadian exploration properties.
"Acquiring these assets makes a lot of sense due to the geographical synergies with Goldcorp's existing operations. It is accretive to earnings, cash flow, reserves, resources and production on a per share basis," said Ian Telfer, President & CEO of Goldcorp. "It enhances Goldcorp's growth profile and provides significant exploration upside while maintaining Goldcorp's status as the lowest cost major gold producer."
In order to fund this proposed acquisition, Goldcorp intends to use a portion of its current cash balance of over US$400 million, US$500 million from its existing revolving credit facilities, and new committed credit facilities of US$700 million.
Goldcorp is presently the world's lowest cost million ounce gold producer with mining operations in the Americas and Australia. As a result of this transaction, 2007 gold production is expected to double from current levels to 2.4 million ounces.
Conference Call & Webcast Details
A conference call will be held today, Monday, October 31st, at 10:00 a.m. (ET) to discuss this transaction. You may join the call by dialing toll free 1-877-888-4210 in Canada and the United States, or (416) 695-5259.
A live audio webcast of this conference call with presentation slides will also be available, visit the website www.goldcorp.com for details.
The conference call will be recorded and you can listen to a playback of the call after the event by dialing toll free 1-888-509-0081 in Canada and the United States, or (416) 695-5275.
Media Conference Details
A media conference with Ian Telfer, Goldcorp's President and Chief Executive Officer, will be held at 11:30am ET, Monday, October 31, at 37 BCE Place, Canada Trust Tower, 161 Bay Street, Suite 3700, Toronto.
Authorized media representatives who are unable to attend the conference in person may participate by dialing toll free 800-633-8547, or internationally, 416-641-6668.
Forward-Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of each of Goldcorp Inc. ("Goldcorp") and certain assets of Placer Dome Inc. ("Placer") that Goldcorp has agreed to acquire from Barrick Gold Corporation. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver and copper, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp and certain assets of Placer that Goldcorp has agreed to acquire from Barrick Gold Corporation, respectively, to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver and copper; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in (a) the section entitled "Description of the Business - Risk Factors" in Goldcorp's annual information form for the year ended December 31, 2004, (b) the section entitled "Description of the Business - Risk Factors" in Wheaton River Minerals Ltd.'s annual information form for the year ended December 31, 2004, and © the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations - Risks and Uncertainties" in Placer's annual information form for the year ended December 31, 2004. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcorp does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Readers are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Readers should refer to the respective annual information forms of Goldcorp, Wheaton River Minerals Ltd. and Placer, each for the year ended December 31, 2004, and other continuous disclosure documents filed by Goldcorp since January 1, 2005 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This press release uses the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
--------------------------------------------------------------------------------
Contact:
Goldcorp Inc.
Julia Hasiwar
Director, Investor Relations
(604) 696-3000 or 1800-567-6223
Fax: (604) 696-3001
info@goldcorp.com
www.goldcorp.com
Yeah!! Another test!!!! 5 cents today, or more dumping???
Check the crowd for Warren Buffett and Peter Lynch....
Investors Hope Fed Move Will Bring Clarity
Sunday October 30, 1:31 pm ET
By Michael J. Martinez, AP Business Writer
Investors Hoping Federal Reserve Can Bring Some Clarity to the Markets When It Meets Tuesday
NEW YORK (AP) -- Wall Street is spooked, and it has nothing to do with Halloween. The volatility of the past few weeks, with stocks making big gains and suffering big losses -- sometimes in back-to-back sessions -- shows a market bogged down by uncertainty and treating each earnings report or piece of economic data as a portent, mostly dire, of things to come.
Hopefully, a bit more clarity will arise Tuesday after the Federal Reserve Board issues its latest statement on the economy and is expected to raise the nation's benchmark interest rate.
Clarity, of course, may not be entirely good for the market. If it appears that the Fed believes inflation will be an ongoing concern, then rate hikes will likely continue unabated. That, most likely, will keep stocks lower as investors fear rising rates will combine with lower consumer spending to halt economic growth.
If the Fed signals that it is nearing the end of its rate hike regime -- considered unlikely, unfortunately -- that could be enough to launch stocks into a year-end rally like the "Santa Claus" rallies of the last four years.
That's not to say that Wall Street's year-end rally is doomed if the Fed doesn't let up on interest rates. Friday's gross domestic product figures showed very strong economic growth in the third quarter, which means that while the economy is expected to slow down, it's starting from a higher rate of growth than previously thought. If Wall Street sees some positive employment data, a rise in consumer spending and/or a drop in energy prices, Santa might still arrive in time for Wall Street's holiday season.
The likelihood of continued rate hikes and prospects for the usual year-end rally kept stocks volatile all week, with two triple-digit gains and a triple-digit loss. For the week, the Dow Jones industrials ended 1.84 percent higher, the Standard & Poor's 500 gained 1.6 percent, and the Nasdaq Composite Index rose 0.37 percent.
ECONOMIC DATA
Job growth is a big key to the future of the economy: the more people in jobs making money, the more money people can spend to fuel economic growth. With consumer spending looking weak heading into the holidays, Wall Street will look closely at the Labor Department's monthly job creation report, due out Friday.
Economists expect 125,000 new jobs to have been created in October, an improvement from a loss of 35,000 jobs in September due to the disruptions caused by Hurricane Katrina. With disruptions from Katrina and fellow hurricanes Rita and Wilma still filtering through the economy, any gains in jobs will be considered a step forward.
Investors will also look carefully at the Commerce Department's report on personal incomes and spending, due Monday. Incomes are expected to rise 0.4 percent in September after slipping 0.1 percent in August, while personal spending is expected to climb 0.5 percent after a 0.5 percent drop the previous month.
Finally, the Institute for Supply Management will release its manufacturing and services indexes this week. On Tuesday, the ISM manufacturing index is expected to come in at 57, down from 59.4 in September, while Thursday's ISM services index for October is expected to increase to 57 from 55.3 the previous month.
EARNINGS
Valero Energy Corp. is expected to continue the oil industry's stunning profit growth when it releases its quarterly earnings Monday morning. The company is expected to earn $4.23 per share, up sharply from $1.57 per share in the third quarter of 2004. Valero's stock has more than doubled from its 52-week low of $40.30 on Nov. 9, 2004, closing Friday at $99.50.
Procter & Gamble Co., fresh off its acquisition of Gillette Co., will report its earnings Tuesday morning. P&G stock has traded in a $9 range over the past year, and is down 6.1 percent from its 52-week high of $59.56 on Oct. 3. The company is expected to earn 75 cents per share for the quarter, up slightly from 73 cents per share last year. P&G closed Friday at $55.92.
On Wednesday, media conglomerate Time Warner Inc. is expected to report its earnings before the bell. The company is forecast to earn 18 cents per share, up from 15 cents per share in the year-ago quarter. Time Warner's stock has traded narrowly this year and is off 10.8 percent from its 52-week high of $19.90 on Dec. 15, 2004, closing Friday at $17.75.
EVENTS
The Federal Reserve customarily publicizes its decision on interest rates at 2:15 p.m. EDT, increasing volatility on the market for at least a half-hour or more afterward as analysts and traders digest the Fed's latest policy statement.
With the start of November, retailers are expected to start releasing their sales reports for October. Major gains or losses from the largest retailers, such as Wal-Mart Stores Inc., can weigh on the markets.
Sounds like the rig is painted, welded, polished to a spit shine and ready to go!!! Maybe they'll have a parade out to the drilling site and national media coverage!!! Singing of the National Anthem by a Country-Western star and drop of the drill bit at the end!! A very exciting week ahead!!! If you are lucky enough to be there, be careful of pickpockets in the crowd!!!
curious_joy, I guess I should clarify my approach to energy stocks. I have a decent size annuity that can be switched between different mutual funds, last year I put 100% into a Natural Resourses fund which is energy, metals, mining, oil services, etc. What I don't use for retirement, will be left to my kids in 30(?) years. I also hold some individual energy stocks, which I will buy/sell at times depending on how each does and market conditions.
Probably should not have used energy stocks compared to ALMI,
maybe I should have said it's not wise, IMO, to tie up a lot of money in a OTC stock long term (a year)....BUT, maybe it was just beer money to those buyers!!!
Thank God oilfan1 didn't dump at 14 cents and drop the pps quicker!!! Hold those million shares about a year!!!
P&F chart has a 25 cent bottom target, which is probably possible if Weiner can't sell anything.
mnfats, TDYH doesn't have a history yet of being FOS, AMEP has, IMO... But you are right, pinkies can say anything!!!
techisbest, cut it out!!! LOL!!! TRCPA, 75 million shares or so ago you would have posted a "chuckle" at any posts about authorized or reverse split....how times change!!
TRCPA, here's what I'm talking about, Key Statistics, and if you check the left side for "More Info about BIPH.OB"...gives a lot of info quickly and I have found it to be pretty accurate. I always check the filings for the latest OS count, OS history, and make sure insider info is up to date if I'm interested enough to look further. Click on earnings and you can see if the company usually meets or beats analyists' (if there are any) estimates. I think on OTC stocks, they have to request the info to be provided, "Data provided by Capital IQ, except where noted."
http://finance.yahoo.com/q/ks?s=BIPH.OB
TRCPA, true, especially on the OTC...remember the bean counters at AGES saying $30 million or so biz expected in
5(?) years....big joke. Still, other companies give projections and confirmations or warnings into the quarter. On Yahoo, check the info available on BIPH using the Yahoo quote....all the company info is there, unlike FASC.
OT: rickguy6, in Europe they have built smaller nuclear units which are easier to control and safer. France, I think has a very high percentage of their power in nuclear. We made it so expensive in the States for the initial studies, regulation, court hearings with the tree huggers, etc., companies were stuck building very large plants to justify the costs. I've worked in nuclear plants, exposure to daily workers there is less than radiation exposure to residents of Denver because of the high altitude. Coal fired plants have hurt more people health-wise than nuclear plants.
twojugglers, many companies provide a lot of info in PR's at earnings and Q filings....explain the revs, earnings, and provide an estimate for the coming quarters based on order backlog, etc. One I read recently said they had large orders from one customer, but did not expect the same for the upcoming quarter. FASC pretty much leaves shareholders hanging, doesn't even put a dollar estimate in PR releases about new biz.....pretty much leaves the DD up to message board posters to figure out, which hasn't worked out too well, IMO.
How many non-management employees are there??? Or is it a secret?? FASC doesn't bother with info at Yahoo Finance like many OTC's do....
Greed???? Hey, the world is running out of oil and most of the greedy oil companies are investing in wind power, etc., plus oil is getting more expensive to find and get out of the ground!! No new refineries because the tree huggers and Washington make it too expensive to build! Nuclear power would have helped us, but again, tree huggers and Washington make them too expensive to build!
Want to screw them?? Ride a bike!!! Posters on the AMEP board against "greed", give me a break!!! LOL!!!!! Me, I'm investing in energy because I'm a greedy bassterd plus I want to be warm this winter.
Options??? Doesn't that require a Form 4 filing?? I see other companies filing a Form 4 on options exercising. I think expenses are exceeding revenue and they had to dilute some more. Probably a minimum of $5000 (125,000 shares) for each trip, per person to the Far East.....
TRCPA, do you think a new year re-evaluation will be called for?? You pretty much were of the opinion that dilution had lower it's ugly head earlier this year. I know they want to get the best price for the diluting shares, but it makes me wonder what the lastest PR could have done for the pps if they had held off. Long term it might be best to wait to see if they will increase the authorized or do a reverse split....I think they will go with increasing the authorized.
I doubt VMHVF will do much business in India....too many cheap DVD's in the "flea" markets, IMO....
Piracy blocks India’s global dreams
March 22, 2005|03:46 IST
The Indian entertainment industry is poised on the verge of exponential growth. It has been so for many years now. Why is it that the actual realization of its projected goals is taking its own sweet time? Rampant piracy lies at the root of the problem.
Not only does the bane of video piracy rob Indian entertainment products – primarily films – of their legitimate overseas revenues, it prevents Hollywood from pushing for a greater role in the Indian showbiz sector.
Says Manu Savani, president of the California-based Gala Entertainment Corporation, which is involved in the North American distribution of the colourised version of Mughal-e-Azam: “India has to curb piracy of Hollywood films at all costs. Despite being one billion-strong, India is not yet regarded as a major market for Hollywood. Several smaller countries bring better revenues than India does.”
Hollywood bosses, represented by the Motion Picture Association of America (MPAA), have for long been harping on the need to protect their films from piracy. But in the absence of stringent enough laws and effective enforcement, the nefarious business of the pirates in India faces no major hindrances.
India is notorious for its disregard for intellectual property rights and Hollywood plots and international music tracks are cannibalized with impunity by its filmmakers and composers.
The question of VCD and DVD piracy will be uppermost on many minds when a slew of global media and entertainment moguls fly into India over the next few weeks in a bid to explore the potential of what is being increasingly seen as a big market for Hollywood films and television programming.
News Corp chairman Rupert Murdoch, Motion Picture Association of America president Dan Glickman and CEO of Walt Disney Co. Michael D. Eisner are all headed for the subcontinent on crucial expansion and course correction missions.
“This,” says Manu Savani, president, Gala Entertainment Corporation, a California-based film distribution company, “is recognition of India as a major force in the world film scene as both a major producer and as a lucrative market for foreign products.” That is all the more reason for this country to tighten up its anti-piracy strategy.
Savani likens India’s current status on the world entertainment map to the position the Hong Kong film industry was in during the early 1970s. “Today, we are attracting the same sort of attention. While India’s film industry is on the right track domestically, not much can be achieved without international support,” he explains.
That support is perfectly illustrated by the role that Legend Films, Inc. is playing in the release of the colourised Mughal-e-Azam. Legend Films owns the patent of the basic technologies used to digitally convert black and white films to colour and therefore, by extension, the right to control the distribution of all digitally colourised films in the US and Canadian markets.
Says Barry Sandrew, president of Legend Films and inventor of the world’s first all-digital colourisation system: “We are excited to participate with the distributor in the release of this classic Indian film…”
“The distributor's respect for patent laws and their recognition that a licence to Legend Film’s colorization patents was necessary in order to release colorized films in the US or Canada made it possible for both parties to avoid unnecessary litigation over the film’s release,” adds Sandrew.
Rupert Murdoch, no stranger to this country, is due in India by the end of March. His STAR TV has been in business in this part of the world for well over a decade and has registered impressive growth. Murdoch has been to India on several occasions.
The last time Murdoch was here nearly five years ago, a source in STAR TV points out, he announced wide-ranging organizational and business plans for his fast-growing local operations. He committed as much as $ 200 million as upfront investment in broadcasting and infotech-related projects. “Expect more of the same this time around as well,” the source says.
Michael D Eisner’s upcoming trip could be even more crucial, both for Disney and Indian consumers of products delivered by the entertainment conglomerate, which is today the world’s second largest media entity after Time Warner.
Eisner’s visit assumes significance because Disney recently launched two television channels in India – Toon Disney and Disney Channel, the latter with a 24-hour Hindi feed. Both are pay channels distributed under an agreement with STAR TV.
Eisner, who recently stepped down as Walt Disney Co. chairman after being in the saddle for over 20 years, will also relinquish the post of CEO sometime next year. His likely successor, Robert Iger, the current president and chief operating officer, is likely to accompany Eisner to India, emphasizing the long-term nature of Disney’s interest in the market here.
Dan Glickman, who took over from the famed Jack Valenti as MPAA president six months ago, is listed as one of the speakers at the Frames 2005 convention. He is expected to broach the issue when he meets Indian film industry leaders in Mumbai in the first week of April.
And why not? Hollywood’s expansion in India will hinge crucially on firmer legal processes to clamp down on piracy. Until the grey market trade in films is eliminated, exchange of films between India and the US will remain stunted.
OT: curious_joy, last year I didn't forsee any tragedies for this year, I saw oil going up and read a lot of material on the increasing energy demands of China and India. The recent spikes are just that, spikes. I feel oil will settle around $50 a barrel, at these higher prices, Big Oil will increase exploration unless Congress decides to add taxes on their new profits. I plan to hold some percentage of my portfolio of energy-related stocks for years.
"And who could have foreseen the tragedy or the possible effects of such a tragedy, that struck the south to have spiked up the price of oil? ... ... except for the very few maybe."
OT: The 400 Richest Americans
Hmmmmm....can't find any penny stock traders...LOL!!!
http://www.forbes.com/lists/2005/54/Rank_1.html