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OT- picked off some 1.8x's and going for more this AM SIRI
I did to, i'll place another buy for early AM. I doubled my position today. I'll double it again tommorrow if it dives.
I bought some SIRI today, think i'll snag some 2.5x if it rolls again.
I think it's bouncing around right now, neither making gains or losses.
Earnings will likely be good for these guys, i do believe that.
Fish
This is what is making me worry. You guys have no idea the impact this is having on steel.....
i again re-iterate, look for 4th Q slowdown and 09 lower production coming out of steel. Higher Steel cost, lower demand.
http://www.marketwatch.com/news/story/japanese-steelmakers-accept-doubling-iron-ore/story.aspx?guid=%7BC4521445%2D7E64%2D4BF7%2DBA6F%2DCB57CA1AC1DE%7D
I'm thinking i'm gong to hit some more.
Wish i had bought BBI yesterday. Knew i should have.
Looking at SIRI very hard.
be careful with TGC. It has alot of promise, but i think it's being pumped. They do have some propeitary stuff that could be ground breaking for future fuel sources.
Management has several companies and has diluted them all. Be very careful.
Get ready for a 4th qtr pull back.
keep watching, LOL
BBI at 2.50ish, i'm thinking real hard on buying it, and SIRI at 1.9x
@ 2.55??? Time to buy????
I've been looking at hitting some SIRI and BBI
Well, i'm still holding the airlines, nothing i am holding is moving or they are settling lower. RGR refuses to budge (although they have a huge buyback planned).
Just general woes. I did well on BRLC last week. I need to find several of those.
I think i may go back to cash and punt again soon.
Ouch..... i mean ouch....... this is a very painful day for me.
Good Morning HOP, this isn't so pleasurable today. LOL
Fiscally or Riverwise? Neither.... Yet! LOL
I can say this about the stock though, it has a very tight float still and ANY news can send it flying.
It's a gambler to me at this point. Put 100 bucks on her and let it fly for a few months. Just put a rediculous sell out for like .25 and see if some news runs it to that.
I'm here. Not much going on with this and i'm not real sure this is shaping up to do much.
Well, i have to be honest when i can say this is definately shaping up to be a great big POS pinky........ Buy it cheap, and sell it fast i guess.
The company looks so promising, but i don't understand where the filings went and what the problem is. If they needed capital they could have simply issued shares and sold them into the market, so i don't buy their "lack of cash" crap.
I'm right here watching the drama... being moderator means nothing other than i can make you an assistant and pull offensive posts.
I've asked you before if you wanted to help mod and you have repeatedly said no.
Does it really matter where i am????
Should have sold my airlines yesterday.... LOL
And i'm right here in the heart of memphis TN and it feels like it's 85. Unreal. It should be hotter than that here.
I've been watching that one. Wondering if it's going to hit the low teens??
Good Morning HOP, it's been a pleasure week finally. The happy camp has had horns blowing and flags waving for me the last 2 days. I hope you all are doing as well.
I bought at 2.56..... ah crap
Morning HOP..... i think i hear the happy crew waking..
Check this out.....
http://www.timesonline.co.uk/tol/news/environment/article4133668.ece
From The TimesJune 14, 2008
Scientists find bugs that eat waste and excrete petrol
Silicon Valley is experimenting with bacteria that have been genetically altered to provide 'renewable petroleum'
Some diesel fuel produced by genetically modified bugs
Image :1 of 3
Chris Ayres
“Ten years ago I could never have imagined I’d be doing this,” says Greg Pal, 33, a former software executive, as he squints into the late afternoon Californian sun. “I mean, this is essentially agriculture, right? But the people I talk to – especially the ones coming out of business school – this is the one hot area everyone wants to get into.”
He means bugs. To be more precise: the genetic alteration of bugs – very, very small ones – so that when they feed on agricultural waste such as woodchips or wheat straw, they do something extraordinary. They excrete crude oil.
Unbelievably, this is not science fiction. Mr Pal holds up a small beaker of bug excretion that could, theoretically, be poured into the tank of the giant Lexus SUV next to us. Not that Mr Pal is willing to risk it just yet. He gives it a month before the first vehicle is filled up on what he calls “renewable petroleum”. After that, he grins, “it’s a brave new world”.
Mr Pal is a senior director of LS9, one of several companies in or near Silicon Valley that have spurned traditional high-tech activities such as software and networking and embarked instead on an extraordinary race to make $140-a-barrel oil (£70) from Saudi Arabia obsolete. “All of us here – everyone in this company and in this industry, are aware of the urgency,” Mr Pal says.
Related Links
Biofuel: a tankful of weed juice
The arithmetic of crude oil
What is most remarkable about what they are doing is that instead of trying to reengineer the global economy – as is required, for example, for the use of hydrogen fuel – they are trying to make a product that is interchangeable with oil. The company claims that this “Oil 2.0” will not only be renewable but also carbon negative – meaning that the carbon it emits will be less than that sucked from the atmosphere by the raw materials from which it is made.
LS9 has already convinced one oil industry veteran of its plan: Bob Walsh, 50, who now serves as the firm’s president after a 26-year career at Shell, most recently running European supply operations in London. “How many times in your life do you get the opportunity to grow a multi-billion-dollar company?” he asks. It is a bold statement from a man who works in a glorified cubicle in a San Francisco industrial estate for a company that describes itself as being “prerevenue”.
Inside LS9’s cluttered laboratory – funded by $20 million of start-up capital from investors including Vinod Khosla, the Indian-American entrepreneur who co-founded Sun Micro-systems – Mr Pal explains that LS9’s bugs are single-cell organisms, each a fraction of a billionth the size of an ant. They start out as industrial yeast or nonpathogenic strains of E. coli, but LS9 modifies them by custom-de-signing their DNA. “Five to seven years ago, that process would have taken months and cost hundreds of thousands of dollars,” he says. “Now it can take weeks and cost maybe $20,000.”
Because crude oil (which can be refined into other products, such as petroleum or jet fuel) is only a few molecular stages removed from the fatty acids normally excreted by yeast or E. coli during fermentation, it does not take much fiddling to get the desired result.
For fermentation to take place you need raw material, or feedstock, as it is known in the biofuels industry. Anything will do as long as it can be broken down into sugars, with the byproduct ideally burnt to produce electricity to run the plant.
The company is not interested in using corn as feedstock, given the much-publicised problems created by using food crops for fuel, such as the tortilla inflation that recently caused food riots in Mexico City. Instead, different types of agricultural waste will be used according to whatever makes sense for the local climate and economy: wheat straw in California, for example, or woodchips in the South.
Using genetically modified bugs for fermentation is essentially the same as using natural bacteria to produce ethanol, although the energy-intensive final process of distillation is virtually eliminated because the bugs excrete a substance that is almost pump-ready.
The closest that LS9 has come to mass production is a 1,000-litre fermenting machine, which looks like a large stainless-steel jar, next to a wardrobe-sized computer connected by a tangle of cables and tubes. It has not yet been plugged in. The machine produces the equivalent of one barrel a week and takes up 40 sq ft of floor space.
However, to substitute America’s weekly oil consumption of 143 million barrels, you would need a facility that covered about 205 square miles, an area roughly the size of Chicago.
That is the main problem: although LS9 can produce its bug fuel in laboratory beakers, it has no idea whether it will be able produce the same results on a nationwide or even global scale.
“Our plan is to have a demonstration-scale plant operational by 2010 and, in parallel, we’ll be working on the design and construction of a commercial-scale facility to open in 2011,” says Mr Pal, adding that if LS9 used Brazilian sugar cane as its feedstock, its fuel would probably cost about $50 a barrel.
Are Americans ready to be putting genetically modified bug excretion in their cars? “It’s not the same as with food,” Mr Pal says. “We’re putting these bacteria in a very isolated container: their entire universe is in that tank. When we’re done with them, they’re destroyed.”
Besides, he says, there is greater good being served. “I have two children, and climate change is something that they are going to face. The energy crisis is something that they are going to face. We have a collective responsibility to do this.”
Power points
— Google has set up an initiative to develop electricity from cheap renewable energy sources
— Craig Venter, who mapped the human genome, has created a company to create hydrogen and ethanol from genetically engineered bugs
— The US Energy and Agriculture Departments said in 2005 that there was land available to produce enough biomass (nonedible plant parts) to replace 30 per cent of current liquid transport fuels
Perhaps Buy time????
Good morning folks.
symbol?
Z, i have been talking to stores in the US and they can't sell them at all now. Do you think the company is selling them off at the moment just to get rid of excess inventory or do you think the market is real? I mean are folks over there buyinng them because they are super cheap or because they are willing to pay a good price for footwear?
BRLC .50 I took it
I have some concerns with AYSI although they are not a steel producer persay...... i think 4th q may be hard on the steel stock prices, maybe 1st Q of 09. We'll see.
Good Afternoon little bro
I don't mean for AYSI to hiccup, i mean that the steel producers may hiccup in the output..., that will affect the miners i would think. Of course i suppose the mines could continue to turn out ore and pile it....
I need to think, being closer to the fire sometimes makes it feel hotter than perhaps it is....