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Markets SUCK!!!! Buying ops all over and no cash!!!
Platina, that post should make the buyers at 14 cents sleep much better. I especially like the part about the institutions buying at these cheap prices....keep up the great work!!!
Doubloon, looks like MLTO has broken through that $4.00 wall!
Stay in oil & gas add on the dips, IMO...
"Beijing's thirst for crude will come in around 6.64 million barrels daily in 2005, a 3.2 percent rise on year. But the agency predicted it would "rebound" to 7 percent in 2006."
Crude Oil Prices Climb on Demand Concerns
Wednesday October 12, 6:31 am ET
By George Jahn, Associated Press Writer
Crude Oil Prices Rise on Fears Slowing Demand May Be Temporary; Spike Again in 2006
VIENNA, Austria (AP) -- Crude oil prices rose Wednesday, extending their gains from a day earlier on fears that a recent dip in demand would be short-lived.
Forecasts of a possible shortage of petroleum products into 2006 also sent prices higher, with the International Energy Agency warning that refineries they would need to pump at full tilt to keep pace with demand.
Light, sweet crude for November on the New York Mercantile Exchange rose 46 cents by midday in European trading to $63.99 a barrel.
In New York on Tuesday, the contract had jumped $1.73 to close at $63.53 after the Paris-based IEA said demand would fall for the rest of the year but rebound in 2006.
On London's International Petroleum Exchange, November Brent crude gained 46 cents to $60.54 a barrel.
The IEA, the energy watchdog for industrialized countries, cautioned of a prolonged loss of oil production in the Gulf of Mexico, saying output in non-OPEC supplies in 2005 and 2006 would fall by 300,000-400,000 barrels per day. It also said its member nations may have to dip into reserves to meet demand.
Demand from Asia's largest energy consumer, China, was also likely to pick up into the new year, the IEA said.
Beijing's thirst for crude will come in around 6.64 million barrels daily in 2005, a 3.2 percent rise on year. But the agency predicted it would "rebound" to 7 percent in 2006.
The IEA's monthly outlook was the first in a series of potential market-moving forecasts to be released this week, with the U.S. Energy Information Administration's short-term energy report out later Wednesday and its weekly petroleum data snapshot to follow Thursday.
"I think we're moving higher," said Edward Meir, a commodities analyst for Man Financial Inc. in New York. "I think the downward correction could be over."
Vienna's PVM Oil Associates pinpointed the disappointing non-OPEC growth figures as a source of supply concern.
"The particularly worrying thing about this development is that six years ago, depressed oil prices caused a cutback in production growth, while this time record high oil prices would provide every incentive to ... maximize output," it said.
Prices are now double those of 2003, but are still off the all-time high of $70.85 a barrel set Aug 30 because of Hurricane Katrina.
Katrina and its successor, Rita, sliced through a large arc along the Texas-Louisiana-Mississippi shoreline, damaging or shutting down several major U.S. oil refineries.
While refineries along the Gulf Coast are slowly returning to service, plants accounting for almost 3 million barrels per day of gasoline, heating oil and jet fuel output -- about 18 percent of total U.S. output -- remain shut or are operating at reduced rates.
And, as of Tuesday, 70 percent of daily oil production and 60 percent of daily natural-gas production in the Gulf of Mexico was down, according to the federal Minerals Management Service.
There have been "little in new gains in the last few days, indicating that much of the easy supply has been turned back on and further gains could be slower," said Energyintel analyst Tom Wallin.
"The size of the supply hole is gradually becoming clearer," Wallin added.
In other Nymex prices, heating oil was up nearly a penny to $2.0262 a gallon, gasoline rose almost half a cent to $1.8378 a gallon, while natural gas moved up 7 cents to $13.592 per 1,000 cubic feet.
Associated Press Writer En-Lai Yeoh in Singapore contributed to this report.
futrcash, AMEP had this PR last October, but the 10-K for the year only shows $40,000 revenue....welcome to an OTC Business Development Company......the subsidiaries don't file, are they even audited???
American Energy Production Inc. Announces 3rd Quarter Production Revenues
MINERAL WELLS, Texas--(BUSINESS WIRE)--Oct. 18, 2004--American Energy Production Inc. (OTCBB: AMEP - News ) announced today 3rd quarter production revenues for its two wholly owned subsidiaries Production Resources Inc. and Bend Arch Petroleum Inc.
American Energy Production Inc. subsidiary, Production Resources Inc., sold approximately 1746 barrels of oil in the third quarter for total net oil revenue of $57,799.
Bend Arch Petroleum Inc. sold 7262 barrels of oil and 27,958 MCF of natural gas for approximate total gross revenue of $467,070. Total approximate gross revenues for Bend Arch Petroleum Inc. and Production Resources Inc. totaled $524,869.
Charles Bitters, President of American Energy Production Inc. stated, "Oil and Gas revenues in the 3rd quarter increased $381,869 over revenues from the 2nd quarter which were approximately $143,000. AMEP is very pleased with the production revenue of our subsidiaries for the third quarter ending September 30, and the Company anticipates further production increases in the fourth quarter because of the purchase of a well servicing unit by Bend Arch Petroleum Inc. that will speed up re-working and stimulation activities on recently purchased wells."
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
Contact:
American Energy Production Inc.
Charles Bitters,
210-410-8158
www.americanenergyproduction.com
sri1....great posts!!! I think you convinced me to load up!
Could you please do a chart analysis too????
futrcash, how much did AMEP make??? The filing shows no revenue, but lots shares being issued. How much gas and oil does AMEP sell in a year???
http://finance.yahoo.com/q/is?s=AMEP.OB
Just kidding TR, we're good to go!!!
Rocky05, AMEP dumped about 125 million shares from August 2004 until August 2005....check the filings. What's changed??
Where is the money coming from now??? Why won't AMEP reveal the money facts on the rig, etc., other companies do.
Keep in mind AMEP probably has been dumping a lot of shares to pay for the rig, crews, mechanics, paint, etc...they just dumped too many today and not enough Newbies to suck them up. JMO....
TRCPA, agreed, that's good, I noticed you sold 420 shares to get the low close, I tried to do the same with GW, but it didn't work!!! LOLOLOL!!!!!
TRCPA, OK, I'll pick GW, a land drilling company. Use today's closing price and end of year closing price for FASC and GW????
TRCPA, if you check back, I did that in July, $50,000 in FASC and $50,000 in ARTQX, a mutual fund, my pick. FASC is down $10,714.29 since July and ARTQX is down $393.31. Let me check on a stock for comparison.....although I think you probably got some word on a PR coming since you are so willing, but that's OK.
I'm getting killed on XWG today, low floater, big swings. GLW also sold off on volume, NGAS $3 off it's 52 week high. I'm getting a little better on the buying part, but I sure can't push the sell button quick enough!!!! Maybe I should be happy with 80% gains and take them!!!!!! Pigs get slaughtered!!!! LOL!!!
Still up good on GLW and NGAS, down on XWG....
TRCPA, daytraders??? No day trader looks at FASC, they look for ACTION like the daily swings on AMEP or XWG. I don't think long term holders would be interested in losing money for years or tying up dead money long term on a stock that has such low potential and poor performance history. Lottery tickets have a better potential, IMO. But good luck anyway, everyone should have a spouse as faithful as you! LOL!
TRCPA, I disagree strongly, no way FASC reverse splits to go to another exchange. Past history is always a factor and yearly bonuses on the backs of shareholders would be a HUGE negative to getting approval. Plus, even a used car lot has to sell more than 5 units a year to stay in business, unless they are OTC listed! LOL! Nine years is plenty of time for a "startup" to prove itself, IMO.
Doubloon, I've been in and out of BABB several times, out now. They are a small franchise company. Insiders own half of the 7 million shares. I doubt they even qualify for a move to another exchange or want to. They have established a history of cash dividends at a decent yield. Maybe a merger down the road, who knows...
BABB.OB...check this little company out...I think two years of dividend history. 7 million OS, I think...$1.29 today, was under a buck for a loooong time!
Form 8-K for BAB INC
--------------------------------------------------------------------------------
11-Oct-2005
Other Events
Item 8.01 Other Events
On October 7, 2005, the Board of Directors of BAB, Inc. authorized a $0.02 per share semi-annual cash dividend and a special $0.06 per share cash dividend, for a total of $0.08 per share, payable January 3, 2006 to shareholders of record as of December 7, 2005.
sumisu, China has built a huge strategic oil reserve, but have been secretive about their plans for filling it. As they do, I think it will provide some bottom resistance to oil prices in the future. I'm sure they'll want to catch the lows as they purchase that oil. I wonder if India will do the same (or do they now?)???? My guess is future oil prices will stay over $50 a barrel and not have too much of a negative effect on the world economies. Some portfolio percentage in oil & gas stocks is a must from now on, IMO, and play the swings too. Coal stocks are probably a good idea too, although I haven't done much research in that area.
I hope we get some news from Tandem soon regarding their plans for listing.
Waitedg, nice idea on the GM options....let's us know how they play out.
Waitedg, please don't take it personally on FASC, I just think there are so many more attractive plays out there, long and short term. I think Doubloon's board here is excellent with some great posters that seem to help each other and get some investing ideas posted. I wish the best for you on FASC, and I sincerely hope you prove us wrong. Appreciate your other stock ideas and info...
Doubloon, plus the top two guys at FASC gave themselves $50,000 bonuses each last year and this year while the company and shareholders are struggling. They are getting close to the authorized.
OT: Sam..JDSU splitting so institutions can buy...expect LU may also do the same next year as their revs improve.
JDSU: "The company cited the need to attract institutional investors, many of whom are prohibited from buying stocks that trade for just a dollar or two. JDSU shares jumped 17% over five days, clearing $2 for the first time in six months."
Compare to OTC stock NVACE (missed their latest filing) that RS 1:100 last year at 3 cents, now only worth 0.002 in pre-split price. IMO, OTC stocks reverse split just to repeat dilution. Can you show me one that has been different????
Waitedg, you should get your buy on FASC because I figure they'll have to sell at least half a million shares to pay for the 3 guys on the China trip. Just depends if they PR first or dump first and/or how good the PR will be. I think after 8-9 years if the KDS was a viable machine they could have made substantial sales here in the USA and Canada by now.
Doubloon, RAWA, the 86 cents is for preferred stock, 36 cents for common.......
"Upon closing of the merger, holders of Rent-A-Wreck stock are expected to receive $0.36 in cash per share of Rent-A-Wreck Common Stock and $0.86 in cash per share of Rent-A-Wreck Preferred Stock."
AACS up 12%!!! I may have bought at the low this morning!! Now that would be a first!!! LOL!!!!! Last trade at 0.018, don't know if this one moves just prior to PR or not....
AATK earnings out, but not moving much yet! Maybe tomorrow? LOL!!
American Access Technologies Reports Record Sales of $2.36 Million for Third Quarter 2005
Monday October 10, 10:17 am ET
Second Consecutive All-Time Best Quarter Sales in Corporate History Leads to 27% Sales Growth for Nine Months Ended September 30, 2005
KEYSTONE HEIGHTS, Fla., Oct. 10 /PRNewswire-FirstCall/ -- American Access Technologies, Inc. (Nasdaq: AATK - News) is pleased to announce that preliminary unaudited sales for the three months ended September 30, 2005 were approximately $2,360,000, an increase of 23% over third quarter 2004 sales of $1,922,056. For the nine months ended September 30, 2005, preliminary unaudited sales were $6,300,000, a 27% increase over the 2004 period.
ADVERTISEMENT
The third quarter 2005 marked the twelfth quarter out of the last 13 quarters with year-over-year quarterly sales increases. Significant factors contributing to the increase in sales in third quarter 2005 are consistent with last quarter's results: continued solid execution of our overall internal sales and marketing plan, production from our new laser cutting machine which enables the Company to compete for new customers as well as to improve the efficiency of current manufacturing processes, strategic marketing campaigns by the Company's sales partners, the training and education of end users and the adoption of industry standards for zone cabling and wireless products.
Joe McGuire, Chief Financial Officer, commented, "Our performance this quarter and year to date gives us over three years of consistent, steady sales growth and will mark our third consecutive year of record sales. All indicators lead us to anticipate that this positive trend will continue for the balance of the year.
"We continue to be on track to reach our announced goal of achieving profitability in 2005. Every employee continues to be focused on doing their part to enable us to deliver strong financial results and increased value for American Access shareholders."
Detailed information on financial results for the third quarter 2005 are included in the Company's Quarterly Report on Form 10-QSB that will be filed with the Securities and Exchange Commission in approximately 20 to 30 days. The preliminary results noted above are subject to revision.
About American Access Technologies, Inc.
American Access Technologies, Inc. manufactures patented zone cabling and wireless enclosures that mount in ceilings, raised floors, and in custom furniture, for routing of telecommunications cabling, fiber optics and wireless solutions to the office desktop. The Company's concept of "zone cabling" reduces costs for initial network installation and facilitates moves, adds, changes and upgrades for the network installations of today and tomorrow. The Omega Metals division manufactures proprietary products, and also employs state-of-the-art metal fabrication and finishing techniques for public and private companies and U.S. government contractors.
Our Company SEC filings, news and product/service information are available at http://www.aatk.com .
Cautionary Note Concerning Forward-Looking Statements: This press release contains forward-looking statements as defined in Section 27A of the Securities Exchange Act of 1934, regarding future revenues and profits. While the Company believes that such forward-looking statements are based on reasonable assumptions, there can be no assurance that such future revenues and profits will be achieved or achieved on the schedule indicated. Furthermore, unanticipated future events, conditions and financial trends may affect the Company's revenues, operating results and financial position. Prospective investors are cautioned that these forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, and are subject to various risks and uncertainties, including those listed in the Company's SEC filings. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future events make it clear that any of the projected results expressed or implied therein will not be realized.
Company Contact:
Joe McGuire, Chief Financial Officer
(352) 473-6673/ jmcguire@aatk.com
AACS.OB $0.016 Possible contract PR momo play. 221 million OS, 153 million float has moved near 4 cents on past PR's. Established biz, check it out...
http://finance.yahoo.com/q/ks?s=AACS.OB
Sept. 30 PR:
"We are pleased that we are on pace to match last year's revenue. However, we are more excited that we have been in several months of negotiations, which, if successful, will provide a multimillion dollar annual contract for IMW. Onsite inspection of the facilities, labor and management have been favorable, and a decision is expected before the end of the third quarter," Hefner stated.
IMW is a wholly owned subsidiary of American Commerce Solutions, Inc. Those interested in viewing photographs of IMW operations and facilities may do so at the company website, http://www.aacssymbol.com .
American Commerce Solutions, Inc. subsidiary Chariot Manufacturing Company, Inc. can be seen at its website, http://www.chariot-trailer.com .
CYDF up 42%!!!! Who's pick??? eom.
Waitedg, if you are interested in an established company in the same biz as IDCO, check out IDNX. They have a DOD contract plus more. Stock seems to be moving up again, may be a good buy and hold, IMO. Closed at $4.76 Friday....
http://www.identix.com/
Waitedg...my comments regarding FASC in another post:
http://www.investorshub.com/boards/read_msg.asp?message_id=8021376
GOLD: With the rally yesterday it would seem that flight to quality and inflationary expectations took over from the physical demand theme. For the bull camp, the shift in focus comes in the nick of time, as the macro economic or physical demand tilt might come into question today in the wake of a sharp setback in US employment levels. With the Dollar under significant pressure and the Fed taking every opportunity to posture against inflation, one would expect gold to be in strong favor. The terrorist warning for New York seemed to give gold support in Tokyo overnight but the magnitude of the gains overnight appear to have been reduced by holiday closures. We have to assume that the path of least resistance is up, especially if the Dollar gets hammered today in the wake of the monthly payroll report. However, it might not be in the best interest of bull camp to see disastrous US payroll readings this morning, as that might temper the physical demand expectations and in turn that could also dampen inflationary expectations. With the Press circulating $500 gold targeting yesterday and floating a $700 long term target this morning, it certainly seems like the bull case is heating up and that should attract fresh buying interest in gold. Some in the stock market are concerned that the Fed is locked in on a significant extension in the rate hike pattern and some are wondering if the US economy can handle the inflation medicine. In the near term, gold has an upward bias, but the outlook for the economy could serve to reduce the upward pace of price gains. Critical support has moved up to $475 but more significant support is seen down at $472.
COMEX GOLD (DEC) 10/07/2005: Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is penetrated. The market now above the 18-day moving average suggests the longer-term trend has turned up. Since the close was above the 2nd swing resistance number, the market's posture is bullish and could see more upside follow-through early in the session. The next downside target is now at 466.9. The next area of resistance is around 478.4 and 480.6, while 1st support hits today at 471.6 and below there at 466.9.
viper4949, I think I said "Kiss my azz". No, I don't want to meet some Wacko posting personal threats on a stock message board. Don't know what your problem is, if I'm wrong, who cares what I say. No poster can hold a good company down, so what's your problem??? Sounds like you have some serious doubts about this company and can't stand any opposing opinions. Take some anger management courses.....
greeneyedhawk, LOL! I love watching these pump and dumps and have make quite a bit of money on a few. The boards always read the same, 2 to 50 cent stocks, usually massive dilution history, but HUGE profits to be made SOON by the company. This POS wouldn't be priced where it is if the good ole money boys that know good ole Charles and the oil "bitnez" down in good ole Texass thought there was any value here. Just the "BDC" is enough to keep the big boy money away from this POS. But keep up the work, love to see a pro in action! LOL! Maybe Exxon will be making an acquistion offer SOON!!!
I figure the OS will probably be up another 100 million shares by the next filling for the drilling rig, crews, etc....unless the private investors and the "investees" pick up the tab. It would be nice if AMEP let the shareholders know where the money is coming from (in a PR or filing, not off-the-record phone calls to management that can be denied later). 100 million shares would have been easy to dump in the daily volumes....and pick up an easy $3-5 million. Easy to hide finances in a BDC much like the big boys hide a lot with offshore companies, IMO.
On February 22, 2005, the Company’s Board of Directors determined that it was in the best interest of the Company to discontinue the offering discussed above and to investigate other financing alternatives. Accordingly, the Company filed a Form 2-E pursuant to the Securities Act of 1933 notifying the SEC of the Company’s termination of the offering. The Form 2-E filing discloses that the Company received $1,820,000 of proceeds from the offering, net of $30,000 of expenses, through the sale of 171,000,000 shares of the Company’s $0.001 par value common stock.
The Company is in the process of exploring financing sources but has not obtained any definitive commitments as of the date of these financial statements. As a result, we cannot provide assurance that we will have sufficient resources to cover our working capital requirements for the next twelve months.
XWG...looking for a short term pop to $15 on next earnings anticipation. Chart shows way oversold. Only 4.5 million OS, QTR revenue growth 49%, QTR earnings growth 110%, no debt... This one will pay for my IHub Premium service so I can send private messages to Doubloon!!!! LOL!!!! Daily activity is volatile, so be patient with limit order if you decide to join me!!! They make wireless accessories and keep signing new agreements with stores....see PR's.
http://finance.yahoo.com/q/ks?s=XWG
Look at improving financials:
http://finance.yahoo.com/q/is?s=xwg
Jim Cramer saw some classic signs of a market bottom Thursday morning, but forced-margin selling came into play Thursday afternoon, wiping out chances for a bottom, he said on his "RealMoney" radio show.
"Too many people own too many hot stocks with margin debt," said Cramer. When that happens and stocks go down, borrowers must either send in more money to their brokers or the broker will sell the stock out from under them.
Most of the time, it's the latter that happens, he said. Forced-margin selling usually begins around two o'clock, said Cramer, and sure enough, as the two o'clock hour approached, the market began to sell off.
Cramer said Thursday's action was reminiscent of what happened during the dramatic market declines of 2000, in the wake of the tech bubble. But, the difference this time, he said, is that most companies are real companies with real profits.
Thus, Cramer expects to begin seeing analysts upgrade beaten-down stocks. He also thinks analysts whose estimates for oil are too low may begin to raise their price targets. And, companies seeing their stock prices fall precipitously are more likely to start buying back stock.
For those who are on margin, though, said Cramer, "Get off margin right now. ...Margin is horrible."
TDYH holding well today...the sector is getting NAILED!!!
Dollar weaker and gold way up today...
http://forex-markets.com/quotes_composite.htm
NGAS getting destroyed today.....now where did I put those stop loss instructions???!!!! LOL!!!!