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Good post for those that ever look at I-Watch, I agree it's probably more of a "contra indicator" from my experience with it:
Re: Thompson = reverse indicator
by: keatone (26/M/Newton, MA) 02/18/03 03:11 pm
Msg: 144950 of 462747
(1) The primary driver for their graph comes from Autex, A Thompson Financial Services Product - I know them well I have three Autex machines on our trading desk at work.
(2) Autex is an intra-broker advertising system. It allows Broker/Dealers to indicate Buy or Sell "advertisements" to other Autex owners.
(3) They ARE NOT firm bids or offers like they are in Instinet. They are only advertisements of interest.
(4) The advertiser, if they want, can show bids/offers of over 50,000 shares in a separate window called "Supers".
(5) MANY firms use Autex as a smoke screen. IF I was a size seller I may post a size BUYER to determine if other sellers are outside of me. When other sellers call me I could just say sorry that's an old message. I cleaned up my buy side a few minutes ago. Then I sell like Hell knowing another large seller is out there also.
(6) MANY firms use AUTEX as a means to drum up business. On a Up day for EBAY, buyers are looking for stock. I could post in Autex as a seller, almost guaranteeing a call (even though I have no stock to sell). I tell the caller "I just cleaned up my seller. He's been reloading at 50,000 per clip. Let me work your order for a few minutes and get ahold of my seller". Then you shop the order like hell all over Wall Street and try to find a seller. Its called "getting involved" on the street.
(7) Note that large Sell interests (Supers) were indicated again and again and the stock kept going up. this tells me somebody was posting as a size seller to fish out an order and that a large seller probably never existed.
These are just my observations. Autex is NOT a firm Bid/Offer system. It is my experience that 70+% of the "advertisements" are actually people either fishing or actually working in the opposite direction of their advertisement and trying to find the competition. I would take the I-Watch data with a BIG grain of salt. I would go so far as to use it as a contra indicator. When it shows large sell, I would guess that 60-70% of the time it is actually better to buy. Also note that ALL of the indications are institutional. No retail order flow is advertised on Autex.
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=1600811427&tid=sons&sid=16008114....
FUEL: $3.83 Streicher Mobile Fueling, Inc. provides mobile fueling and fuel management out-sourced services. Its truck fleet delivers diesel, gasoline, and alternative fuels to customers' locations on a scheduled or as needed basis refueling vehicles and equipment, and resupplying fixed-site storage facilities.
As of June 30, 2004, the company operated approximately 100 custom mobile fueling trucks from 26 service locations in California, District of Columbia, Florida, Georgia, Maryland, North Carolina, Pennsylvania, Tennessee, Texas, and Virginia. The company was formed in 1996 and is headquartered in Fort Lauderdale, Florida.
About 9 million OS, 3 million float!!! 44% Qtr revenue growth, $15.82 revs per share! Debt a bit high, probably for equipment.
http://finance.yahoo.com/q/ks?s=FUEL
Steve Forbes is FOS, are you gonna listen to him or me!!! Oil future low is maybe $45, but I'm guessing $50.
LOL!!!!
SECTOR WATCH: Alternative Fuel Stocks , Frederic Ruffy
Wednesday August 31, 7:30 pm ET
If alternative fuel companies made lots of money, there would be no energy crisis today. Unfortunately, most of these companies don't. Fuel cell, solar, and wind power technology is slow in developing and, as a result, we are now confronted with record oil and gasoline prices. Through time, this might change, however. In fact, the shares of some of the alternative fuel companies are beginning to attract the attention of investors and options traders alike.
Gas prices at the pump are expected to reach more than $3.00 a gallon this Labor Day weekend. Some analysts are predicting $4.00 a gallon in some areas along the East Coast. Given the relentless rise in the price of fuel, more consumers may begin looking at vehicles powered by diesel, hydrogen, or a combination of gas and electric. Ford Motor (F) and Toyota already offer hybrid vehicles that are powered by gasoline and electricity.
BMW is in the process of building a car that can run on either gas or hydrogen. Diesel engines, which power nearly half of all new cares sold in Europe today, run cleaner and more efficiently than gasoline motors. GM (GM) and Ford are both currently working on new engines for passenger cars and SUVs.
Some industry watchers believe that fuel cells will ultimately drive motor vehicles. “This is the technology auto makers are counting on for the long term,” according to a July 25, 2005 article in The Wall Street Journal (“Out of Gas,” by Neal Boudette). Fuel cells run on hydrogen along with a chemical reaction that generates electricity, which can be used to drive a motor. Although the technolog! y is still in early stages, most of the major automakers are developin g test vehicles using this technology.
In fact, one week ago today, Citigroup Investment Research made bullish comments with respect to fuel cell companies. Not only do these companies stand to benefit from trends in the auto industry, but also an energy bill that was recently signed into law by President Bush offers tax credits. These incentives might serve as a catalyst to “set the growth curve in motion” for fuel cell companies.
Citigroup believes Plug Power (PLUG), and Hydronics (HYGS) as benefiting from the trend. Ballard Power Systems (BLDP), Quantum Fuel Systems (MCEL), Medis Technology (MDTL), Idacorp (IDA), and Avista (AVA) are among the other names to consider when looking for trades in the fuel cell space.
Homeowners may also begin looking to wind and solar power. Many of the companies that specialize in the development of systems based on wind power are in Europe. Vestas Wind Systems, in Denmark, is the largest manufacturer of turbines. Spain's Gamesa Corporacion is another play on wind power. However, in the ! US, investors might look at FPL (FPL). The Florida-based utility company generates about 15% of its profits from wind power technology.
Solar is also considered an alternative power source. In addition, the recent passage of the energy bill might make solar power a more appealing option for homeowners. Because, if improvements to the home are made in 2006 and 2007, homeowners can now take a tax credit of up to $2,000 related to the installment of solar power. Evergreen Solar (ESLR) is among the best ways to trade the trends related to this form of alternative fuel. Other names include Daystar Technologies (DSTI), Spire Corp. (SPIR), and Beacon Power Corp. (BCON).
However, before taking a position in an alternative fuel company, investors will want to mull over the company's long-term prospect carefully. Many fuel cell companies are struggling enterprises, solar start-ups are risky investments, and there are not many choices among the wind power companies either. Yet, at the same time, many of these stocks also have options. Therefore, it is possible to create trades that can profit from the long-term appreciation in the share prices, but limit risks (or even create profit opportunities), if the alternative fuel stock takes a trip southward instead.
http://biz.yahoo.com/opt/050831/876d85f464d1aedb1ae18aecb8186786.html
Must be the 144 shares hitting the market.
BCIT -- Bancorp International Group
Com ($0.001)
SEC Temporary Trading Suspension
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 52363 / August 31, 2005
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of Bancorp International Group, Inc. ("BCIT"), a Nevada corporation, at 9:30 a.m. on August 31, 2005, and terminating at 11:59 p.m. on September 14, 2005.
The Commission temporarily suspended trading in the securities of BCIT because it appears that all of the securities currently trading in the name of Bancorp International Group, Inc. ("BCIT") and purportedly signed by Thomas Megas as President and M. Puig as Secretary are counterfeit. BCIT is quoted on the Pink Sheets LLC.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently
available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to BCIT securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met.
If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker, dealer or other person has any information which may relate to this matter, the Central Regional Office of the Securities and Exchange Commission should be telephoned at 303-844-1000.
The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.
lonestar, GRGR, maybe that $6 million order from a Dutch company is for composite wooden shoe production.
4tj, it's just my opinion, but it seems the MM's run the bid/ask up just prior to a "large" dump. Maybe techisbest sees something positive in the action today via the charts.
Aspen Exploration Drills Fifth Consecutive Successful Gas Well This Year Kirk Field, Colusa County, California
Wednesday August 31, 11:31 am ET
DENVER, CO--(MARKET WIRE)--Aug 31, 2005 -- Aspen Exploration Corporation (OTC BB:ASPN.OB - News), with offices in Bakersfield, California, and Denver, Colorado, announced today its fifth consecutive gas discovery in the Sacramento Valley gas province of northern California.
The Heidrick #11-1 well located in the Kirk Gas Field, Colusa County, California, was drilled to a depth of 8,532 feet and encountered approximately 80 feet of potential gross gas pay in several intervals in the Forbes formation. Production casing was run based on favorable mud log and electric log responses. Aspen has a 38.67% operated working interest in this well.
The rig will now be moving to drill the Farnsworth #3-35 well, Aspen's seventh well this year, located in the West Grimes Gas Field, Colusa County, California. Following the Farnsworth #3-35 well, Aspen currently has scheduled 3 additional wells to drill this year in the Sacramento Valley and is also evaluating the drilling and/or completion of additional wells in the upcoming "winter" season.
Aspen drilled ten successful gas wells out of ten attempts in 2004 for a 100% success rate, and five gas wells out of six attempted thus far in 2005. During the previous 4 1/2 years, Aspen participated in the drilling of 30 operated wells, 26 of which were completed as gas wells, and 4 dry holes which were plugged and abandoned, a success rate of 87%. Aspen currently operates 49 gas wells and has non-operated interests in 15 additional wells in the Sacramento Valley of northern California.
Aspen has entered into fixed contracts for a portion (approximately 33%) of its gas, at fixed prices ranging from $8.40 to $11.02 per MMBTU for the five-month period from November 2005 through March 2006. Aspen's summer hedge for the 6-month period ending September 30, 2005, was approximately $6.67 per MMBTU for 40% of Aspen's production. PG&E Citygate gross prices are currently $1.00 per MMBTU less than NYMEX gas prices.
Future news releases will keep shareholders informed of Aspen's continuing progress and drilling activity. Aspen's stock is quoted on the OTC Bulletin Board under the symbol ASPN. For more information concerning Aspen, contact Bob Cohan, President and CEO, in Aspen's Bakersfield office at (661) 831-4669. Aspen's web page can be found at www.aspenexploration.com.
DISCLAIMER
This news release contains information that is "forward-looking" in that it describes events and conditions which Aspen Exploration Corporation ("Aspen") reasonably expects to occur in the future. Expectations for the future performance of the business of Aspen are dependent upon a number of factors, and there can be no assurance that Aspen will achieve the results as contemplated herein and there can be no assurance that Aspen will be able to conduct its operations or production from its properties will continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks which are beyond Aspen's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to: the possibility that the described operations (including any proposed exploration or development drilling) will not be completed on economic terms, if at all, or the estimates of reserves may not be accurate. The exploration for, and development and production of, oil and gas are enterprises attendant with high risk, including the risk of fluctuating prices for oil and natural gas, imports of petroleum products from other countries, the risks of not encountering adequate resources despite expending large sums of money, and the risk that test results and reserve estimates may not be accurate, notwithstanding appropriate precautions. Many of these risks are described herein and in Aspen's annual report on Form 10-KSB, and it is important that each person reviewing this report understand the significant risks attendant to the operations of Aspen. Aspen disclaims any obligation to update any forward-looking statement made herein.
ASPEN EXPLORATION CORPORATION
2050 S. Oneida St., Ste. 208
Denver, CO 80224-2426
Telephone: (303) 639-9860
Fax: (303) 639-9863
Email: aecorp2@qwest.net
Web Site: http://www.aspenexploration.com
Contact:
Contact:
Bob Cohan
Company: Aspen Exploration Corporation
Phone: 661-831-4669
Fax: 661-831-4661
Email: robertacohan@igalaxy.net
URL: http://www.aspenexploration.com
Starshine, where do you live now???? I may move away if you are close to me!!!
techisbest, can I take that to the bank? Good advice is hard to find!!!
Only $4.20???? Weiner should have paid more for the report! LOL!!!
"The report, paid for by Biophan"
http://biz.yahoo.com/bw/050831/315342.html?.v=1
techisbest, I disagree on the chart part, but agree with the positive news part. Don't forget, the MM's are playing games with the pps
beigledog, here ya go!!!
http://gatewaypundit.blogspot.com/2005/08/china-facing-gas-crisis.html
Cramer also mentioned "wild" natural gas play Chesapeake Energy (CHK:NYSE - commentary - research - Cramer's Take), oil service companies such as Schlumberger (SLB:NYSE - commentary - research - Cramer's Take), oil rig manufacturers like National-Oilwell Varco (NOV:NYSE - commentary - research - Cramer's Take) and rig leasing companies such as Transocean (RIG:NYSE - commentary - research - Cramer's Take) and Grey Wolf (GW:NYSE - commentary - research - Cramer's Take).
"The safest energy plays now are the ones that used to be the most dangerous, said Cramer."
Tandem????????????
If ALMI gets down to under a buck, and BIPH gets down to about 2 bucks, look for a nano PR involving both, IMO.
I figure the boys at Tandem are so busy counting their oil and gas revenues, they don't have time to communicate to the shareholders! )
http://www.futuresource.com/markets/market.jsp?id=energy
GLW running double average volume, pulling back some now, see how it closes. Never expected to see this on a down market day, Dow down 100, Nas down 17. Hard to believe it's a news leak unless everyone knows but me! LOL!!!
GLW heading up again on a crappy market day, what's up???
TA????
"12:40PM Corning - - Relative Strength (GLW) 19.36 +0.19: -Technical- The stock displays relative strength as it climbs higher intraday above yesterday's high of 19.26. Minor resistance lies near 19.70."
Yeah, so is hindsight. I need some 20/20 forward vision.
Waitedg, maybe we can start the "Western Michigan Soup Kitchen Investment Club" and pool our "resources". At least we will be able to eat in a warm place if our picks don't pan out! LOL! And give the soup kitchen 20% if we get lucky!!
TRCPA, just the charts on stocks I don't own! LOL!
beigledog, I have a couple of mutual funds keeping my head above water, an electronics and natural resources funds. Seems my timing is better on picking sectors than individual stocks! LOL! Holding about 20 individual stocks, but only 10 or so that are "serious", the others are speculative "fun" plays. Plan on cutting back on the number of short term speculative plays, then use the funds to hit "heavy" on just a couple of speculative plays at a time. Markets are tough right now, IMO, war, energy, and terrorist concerns. But money can be made on careful speculative short term plays if careful not to believe the pumping bullschit which 99 times out of 100 turns out to be bullschit in the long term.
Huh? I think the last "right time" was April 2004 to get out. BTW, I thought the long term chart was fixed, it still shows the $200 spike on "max".
Waitedg, I'm in the same boat with TDYH, let's meet at the soup kitchen and discuss what to do now! LOL!
GMXR $20.49, for a sleep-well-at-nite Oil & Gas play. Only 9.3 million OS, 23% Insider ownership (some insider selling due to high ownership???). 100% YOY Qtr rev growth, 241% YOY Qtr earnings growth. Debt looks like it can be handled OK. Looks like a good entry point TA-wise.
http://finance.yahoo.com/q/ks?s=GMXR
Boy, all the FASC boards are DEAD!! All must have accepted the inevitable, IMO. Whatever happened to Janes? He sounded like the biggest shareholder.
SMTX up on over 4 million volume vs 200k average. Something hot with that one!!!
Lonestar, nice call on SMTX, up about 171% since 8/16!!!!
Sam, two buyers and ony one seller today! News coming???
.04 4000 OBB 10:22:36
0.04 700 OBB 10:01:27
0.03 2000 OBB 09:32:15
OT: Yeah, I wouldn't buy it now either, probably have a good pullback, then take a look, nuff said.
OT: Basic financial stuff as in BIPH, FASC, ALMI, et al?
Ducks? I thought they were in the O&G biz!!
Maybe you should email them and tell them they will soon be out of business, )
"As the shut-ins persist, increasing winter supply concerns, the potential for $80/bbl crude and $15/mmbtu natural gas are realistic," he said. "Hurricane Katrina's long-term impact on supply will make the market more vulnerable to price spikes this winter if colder than average temperatures are experienced."
One stock benefiting from the storm was Capstone Turbine (CPST: news, chart, profile) , which makes generators for on-site power production. Its shares surged 15.3%, or 64 cents to $4.83.
Oil-service stocks were also rallying on the news. Not only will their services be needed to help restore production, the existing scarcity of rigs and equipment, not to mention what could be destroyed in the storm, will lead to higher average daily rates.
Schlumberger (SLB: news, chart, profile) rose 1.7%, or $1.37, to $83.45. Grey Wolf (GW: news, chart, profile) gained 6.3%, or 45 cents, to $7.65, and Halliburton (HAL: news, chart, profile) added 2.9%, or $1.68, to $58.94.
Valero Energy (VLO: news, chart, profile) was up 3.2%, or $2.89, to $92.25. Its St. Charles, La. refinery has been shut down.
And Exxon Mobil Corp. (XOM: news, chart, profile) advanced 1.6%, or 92 cents, to $59.33, while U.S.-traded shares of Total (TOT: news, chart, profile) added $1.01 to $126.85.
Whole story:
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&gui...
TRCPA, it also helps to have products that sell more than
2-4 units per year.
PA (earlier rec) being bought out:
Intelsat, PanAmSat in $3.2 billion deal
By MarketWatch
Last Update: 12:57 AM ET Aug. 29, 2005
SAN FRANCISCO (MarketWatch) -- Bidding to create the world's largest commercial satellite fleet, Intelsat Ltd. is expected to announce Monday that it is buying PanAmSat Holding Corp. for $3.2 billion, according to a media report.
The deal would pay PanAmSat (PA: news, chart, profile) shareholders $25 a share, about a 26% premium over the stock's Friday close of $19.80, The Wall Street Journal reported in its online edition. See Wall Street Journal story (subscription).
Bermuda-based Intelsat would have global reach, a 53-satellite fleet and ability to manage in-orbit satellites to cope with malfunctions and minimize outlays for additional launches, The Journal reported.
PanAmSat was taken private about a year ago by three buyout groups, Kohlberg Kravis Roberts & Co., Carlyle Group LLC and Providence Equity Partners Inc., that stand to make $2.25 billion on an initial investment of $550 million, The Journal said.
Natural gas at $11.86!!!! Doubt that will hold, oil $69, let's go Tandem!!!
http://www.futuresource.com/markets/market.jsp?id=energy
"The U.S. has ample crude oil supplies, even if major hurricane destruction trims Gulf oil output and foreign imports, but refining capacity is extraordinarily tight. As a result, prices for gasoline, heating oil, jet fuel and other products have flirted with records and could go even higher this week.
"If this thing knocks out significant quantities of refining capacity ... we're going to be in deep, dark trouble," said Ed Silliere, vice president of risk management at Energy Merchant LLC in New York."
Infusion of Cash Could Boost Stock Market
Sunday August 28, 2:19 pm ET
By Ellen Simon, AP Business Writer
(Bottom line? Keep playing the pennies?)
"Which raises a final, philosophical question: Is it safer on the sidelines? Considering that a three-month Treasury bill now yields about 3.37 percent, a higher return than the Dow Jones industrial average, which is down for the year, much of the money on the sidelines may continue to stay out of the game."
Wall Street Still Waiting for That Infusion of Cash That Could Produce the Next Stock Boom
NEW YORK (AP) -- Is there a reservoir of cash waiting to gush into the stock market? If so, it could only help stocks, which rise with cash flows, as we saw in the go-go 1990's.
"You can't have go-go without flow-flow," said Edward Yardeni, chief investment strategist at Oak Associates. "It's always easy money that creates the speculative excesses in global booms."
Equity investors aren't looking for a boom -- they're looking for any gains, since major indexes are almost flat for the year. That's why one of the big questions of the day is whether there's enough cash on the sidelines to do the job.
The indicators are mixed. Some positive signs: Housing is too expensive for even some speculators, private equity funds are bloated with cash and corporations are briskly buying their own stock. But there are negatives, too: Corporations may have less cash on their balance sheets than we think and the percentage of U.S. equity funds kept in cash is low.
The lackluster return in the stock market over the last five years has caused investors to move to other asset classes in search of high returns, said Mitch Zacks, portfolio manager at Zacks Investment Management. "If those returns don't materialize, relative to the risk that's being borne, assets will return to equities," he said.
"The real money sitting on the sidelines is speculative money being put in real estate," Zacks said.
But real estate prices are becoming unaffordable, Yardeni said. "That could be bullish for the stock market if the household sector concludes that real estate is not the place for speculative gains any more."
A more liquid, and more eager, source of cash may be private equity funds, such as Kohlberg Kravis Roberts & Co. and The Carlyle Group. They cater to wealthy investors and pension funds, promising to put their money into high-growth picks.
Leon Cooperman, who runs the $4 billion-plus Omega Fund, estimated in an interview with CNBC that private equity funds have about $300 billion under management. Their buying power is more potent thanks to their borrowing power, which can hit a 4-to-1 ratio of borrowed money to actual assets. If private equity funds borrow as much as they can, Cooperman said they would have enough to buy about 8 percent of the public market value of U.S. traded companies.
"I hear from them every day that they have cash to invest," said Robert Hegarty, a securities market specialist at the Tower Group who follows the financial technology sector. "Back in the 1990s they couldn't raise enough cash because there were so many great investment opportunities in the market. Today, the problem is trying to invest the excess funds they've raised."
The market is already getting an influx of cash from stock buybacks, which totaled $209.9 billion in the first half of the year, up from $156.7 billion a year earlier, according to Carl Wittnebert, director of fund flow research at TrimTabs Investment Research.
Buybacks depend on corporations having lots of cash. While the conventional wisdom is that they do, Thomas McManus, chief investment strategist of Banc of America Securities, questioned that in a report released on Aug. 22.
Among non-financial companies in the Standard & Poor's 1500, just 10 companies -- Ford Motor Co., Microsoft Corp., General Motors Corp., Exxon Mobil Corp., WellPoint Inc, Aetna Inc., Intel Corp., Pfizer Inc., Hewlett Packard Co. and Chevron Corp. -- control 25 percent of cash, he wrote.
Then, there are the factors that can knock down a company's cash position, what he calls "hidden liabilities," such as underfunded pension funds, employee stock options, tax liabilities and legal settlements. Exxon's cash position, for instance, looks worse once its pension benefit obligation is factored in.
Another bad sign for a potential cash surge is the percentage of cash kept by mutual funds that invest in U.S. equities. At the end of June, that level was 3.8 percent, according to Wittnebert and the Investment Company Institute, the mutual fund industry's trade group. That's the lowest percentage of cash for any month in almost 15 years.
But low-cash levels don't mean mutual funds are more invested than usual in individual equities. Instead, they've plunged money into index funds, Hegarty said.
"Indexes haven't done anything this year, but they've grown tremendously in assets," he said.
Which raises a final, philosophical question: Is it safer on the sidelines? Considering that a three-month Treasury bill now yields about 3.37 percent, a higher return than the Dow Jones industrial average, which is down for the year, much of the money on the sidelines may continue to stay out of the game.
ctb, I welcome your opinion! I'm old enough to be proven wrong enough times to respect all opinions! LOL!