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Aha. ty
I give. What is a GSAMTERE?
OSIP July 30 Puts (GHUSF) SP-32.53
CPB July 37.50 Puts (CPBSU)
IDNX news
Identix Receives $3.3 Million in New Orders to Upgrade and Expand Fingerprint Live Scan Networks
06/28/2006 08:17
Identix Incorporated (Nasdaq: IDNX) announced the receipt of new purchase orders over the past few weeks with a total value of approximately $3.3 million for the delivery of Identix TouchPrint(R) Enhanced Definition ten-print and full hand live scan systems. The orders are from federal agencies and state and local law enforcement agencies that are upgrading and expanding existing live scan networks. Customers select Identix' TouchPrint Enhanced Definition live scan because the systems employ technologies that take into account subjects with different size fingers and skin colors, sweaty fingers and users rolling fingers at different speeds. Customers benefit from the production of clear, crisp fingerprint images with virtually no distortion or false minutiae that can be caused by smudging and smearing. Because the systems are designed to maintain consistent image quality over time, and have no moving parts in the optics deck and no silicon pads or coatings to change, customers received maximum reliability and minimal downtime, lowering their total overall cost of ownership. Identix expects to recognize revenue related to these purchase orders over the course of the next three months.
Last week Identix announced the introduction of its latest live scan product targeted at customers with dual requirements for slap and roll fingerprinting in a very small and lightweight form factor (6 inch by 6 inch and less than five pounds). The Identix TouchPrint Enhanced Definition 4100 Slap & Roll live scan system, which is expected to be ready for shipping in September 2006, is designed to meet the size and weight standards set forth by the Department of Homeland Security for its border management initiatives and is being marketed towards border management agencies worldwide and other entities that must meet specific size and weight requirements for their identity management implementations.
Identix President & CEO Dr. Joseph J. Atick commented, "We believe Identix continues to lead the live scan market in image quality and technological innovation. These efforts are being rewarded with the receipt of new orders across our existing and targeted customer base. With last week's new product introduction, Identix has further added to its suite of live scan offerings to help ensure that we are addressing all current and future live scan markets worldwide, including US VISIT, law enforcement, border security, civil programs, travel ID, voter registration and validation, and countless others."
IDNX news
Identix Receives $3.3 Million in New Orders to Upgrade and Expand Fingerprint Live Scan Networks
06/28/2006 08:17
Identix Incorporated (Nasdaq: IDNX) announced the receipt of new purchase orders over the past few weeks with a total value of approximately $3.3 million for the delivery of Identix TouchPrint(R) Enhanced Definition ten-print and full hand live scan systems. The orders are from federal agencies and state and local law enforcement agencies that are upgrading and expanding existing live scan networks. Customers select Identix' TouchPrint Enhanced Definition live scan because the systems employ technologies that take into account subjects with different size fingers and skin colors, sweaty fingers and users rolling fingers at different speeds. Customers benefit from the production of clear, crisp fingerprint images with virtually no distortion or false minutiae that can be caused by smudging and smearing. Because the systems are designed to maintain consistent image quality over time, and have no moving parts in the optics deck and no silicon pads or coatings to change, customers received maximum reliability and minimal downtime, lowering their total overall cost of ownership. Identix expects to recognize revenue related to these purchase orders over the course of the next three months.
Last week Identix announced the introduction of its latest live scan product targeted at customers with dual requirements for slap and roll fingerprinting in a very small and lightweight form factor (6 inch by 6 inch and less than five pounds). The Identix TouchPrint Enhanced Definition 4100 Slap & Roll live scan system, which is expected to be ready for shipping in September 2006, is designed to meet the size and weight standards set forth by the Department of Homeland Security for its border management initiatives and is being marketed towards border management agencies worldwide and other entities that must meet specific size and weight requirements for their identity management implementations.
Identix President & CEO Dr. Joseph J. Atick commented, "We believe Identix continues to lead the live scan market in image quality and technological innovation. These efforts are being rewarded with the receipt of new orders across our existing and targeted customer base. With last week's new product introduction, Identix has further added to its suite of live scan offerings to help ensure that we are addressing all current and future live scan markets worldwide, including US VISIT, law enforcement, border security, civil programs, travel ID, voter registration and validation, and countless others."
CTRX news
7:03AM Cotherix licenses exclusive rights to develop and commercialize oral and inhaled formulations of Fasudil (CTRX) 8.33 : CTRX and Asahi Kasei Pharma Corporation announced today that the companies have entered into an agreement granting CoTherix exclusive rights in North America and Europe to develop and commercialize oral and inhaled formulations of Fasudil, a rho-kinase inhibitor, for the treatment of pulmonary arterial hypertension. Additionally, CoTherix has acquired exclusive rights to develop and commercialize oral formulations of Fasudil for the treatment of stable angina in the same territories. Under the terms of the agreement, CoTherix will make an upfront payment of $8.75 million to Asahi Kasei Pharma, plus development and revenue milestone payments and royalties on future products.
MRVL July 47.50 Calls. Bounce!
Aha. Thanks.
WB, What is uptick exempt?
Not much happening after the run. Out 1.75.
I put down fertilizer Friday. Hope the storm sewers needed it.
blasher, You gettin' any rain up your way? 9" in 3 days here in N. VA.
+IOCGW 1.70 IOC July 17.50 Calls
VITA 4.15
CTRX 8.26
Thanks. Every once in a while.
IOC - Now that's a 5 minute chart.
InterOil Announces a Gas and Gas Liquids Discovery at Elk #1
Monday June 26, 9:23 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Jun 26, 2006 -- InterOil Corporation (TSX:IOL.TO - News) (AMEX:IOC - News) (POMSoX:IOC), a Canadian company with operations in Papua New Guinea announced that it had a gas and gas liquids discovery at ELK #1 in Papua New Guinea. The well flowed wet gas at 2,000 psi at an estimated 30 to 50 MMCFPD for approximately 30 minutes during a gas kick before the well could be shut in. A drill stem test conducted on June 24, 2006 demonstrated a wet gas flow at surface and a surface pressure on the casing of 3,150 psi, indicating a bottom hole pressure of approximately 3,700 psi. The calculated absolute open flow of the well based on the drill stem test was 150 MMCFPD.
While information from the well to date is positive, the data and the current interpretation are provisional and subject to confirmation after further drilling and testing. The company intends to continue to drill this well in order to evaluate the potential commercial nature of the reservoir. Due to the pressures being encountered in this well, the company is currently evaluating its options for continuing to drill this well.
Please see Drilling Report No. 7 and Elk Gas Discovery technical presentation on InterOil's web site for more information.
InterOil is developing a vertically integrated energy company whose primary focus is Papua New Guinea and the surrounding region. Its assets comprise an oil refinery, upstream petroleum exploration licenses, and retail and commercial distribution assets. The majority of the refined products from InterOil's refinery are secured by off-take contracts with Shell and InterOil's wholly-owned subsidiary, InterOil Products Limited. BP Singapore is InterOil's agent for crude oil supplied to the refinery. InterOil is also undertaking an extensive petroleum exploration program within its eight million acre license area located in Papua New Guinea. InterOil is working to develop a LNG facility in Papua New Guinea.
InterOil's common shares trade on the Toronto Stock Exchange under the symbol IOL in Canadian dollar and on the American Stock Exchange under the symbol IOC in US dollars. For more information please see the InterOil website at: www.interoil.com.
WHAT WILL THE FED MEETING BRING?
Paul Nolte
By the time the Fed actually meets next week, there will be plenty of chapped hands in the house from all the hand wringing going on in Wall Street. Although the futures indicate that the Fed is certain to raise rates yet again (#17 and counting) and has a near certainty for yet another hike in August, there is a divide between economists about whether the Fed is going too far or not far enough.
Certainly much ink has been spilt about the weak housing data, housing inventories and the prices of housing stocks. This week we got additional data about the economy that still indicated a generally weaker economy. Durable goods, without the volatile aircraft orders, were up a nice 1%, however much of that came from building of inventories and not final demand. Some earnings reports this week, specifically from Federal Express, indicated that the global economy remains relatively strong. (If shipping activity is high – economic activity is high).
What has been interesting has been the financial markets reaction to the news since the last Fed meeting. At that time equity investors were talking about taking out the old Dow highs, gold was well over $700 an ounce and bonds were hanging around 5%. Today, the Dow is tenaciously hanging onto 11,000 and gold long gave up $700 AND $600 an ounce. Bond yields have increased as the Fed has talked up inflation. So if inflation remains a concern, why has gold declined by nearly 20% and the equity markets, both domestically and internationally, gone crazy?
Let’s look back at what happened at the last Fed meeting and subsequent events. At that meeting, as was expected, they raise interest rates yet again and put language into their release giving them the latitude to do as they wished at the next meeting – from raising again to actually pausing for the first time in two years. By the way, this tightening cycle is unusual in the fact that there has not been at least one pause along the way, or for that matter, a hike of 50bp. (So maybe the complacency in the markets are warranted??). Initially, the implication from the Fed release was that they would pause at the June meeting as economic growth was slowing. So investors began watching the economic reports that would indicate whether economic growth was slowing or speeding up.
However, once the statement was issued and the governors hit the “rubber chicken” circuit, something amazing happened – all the talk from the governors was inflation-centric. Ben Bernanke, in some circles, has a credibility problem regarding comments made when deflation was a primary concern. To burnish his inflation fighting credibility, he – and other governors – began talking about how high the inflation rate was, concern about whether it would slow, and the likely inflation in the pipelines from the energy sector. Investors were tossed for a loop and began selling before asking any questions. So investors began watching inflation indicators from the National Association of Purchasing Managers reports to import/export prices – noting that many of these figures remain at elevated levels (although well off their peaks of last year), and began to fret even more, pushing up yields and selling stocks. Today, six weeks after their last meeting, the fed funds futures have gone from a less than 50/50 chance of a June hike and nearly zero chance of one in August to a 100% June hike and over 80% August change.
So where do we go from here? Our prognostication for the year was a decent beginning to the year before falling during the middle quarters and finishing relatively strong with an overall market that would finish unchanged to down as much as 10%. We have seen little in the market so far to change our views. Many of our indicators, however, indicate that we have completed the first phase of the decline and we could see a rally in stocks over the coming weeks – unwinding some of the selling of the past three weeks. Looking at Rydex data of money going into the short funds, money has piled in at a rapid pace (especially OTC) and stands at levels last seen in 2003. Option activity has been heavily on the put side, again indicating investors are looking for lower prices ahead. Finally, many of our momentum indicators have hit levels that were also last seen in 2003 – the last important bottom of the current move. These indicators alone don’t mean that the markets go straight up from here, but that much of the initial selling pressure has abated and we could at least stabilize before rising over the coming weeks.
Today's Market
For the third consecutive week, the markets finished lower, with the Dow the closest to unchanged. Bonds continue to price in another Fed hike as 10 year bonds approach the 5.25% implied by the fed futures – still maintaining a relatively flat to inverted yield curve. Crude oil once again crossed above $70, even after another 8-year record high in inventory levels. Gold finished slightly higher, breaking a five-week decline taking bullion down from a $732 high to a current $588 an ounce. It should come as little surprise that all eyes will be on the Fed meeting next week – expect an early fireworks show before the July 4th respite the following week.
Paul Nolte
© 2006 Paul J. Nolte, CFA
Director Investments
Hinsdale Associates
630-325-7100
But take a look at the GTE chart low posts as an illustration. The big money was made during the trend Dec. '04 - Feb. '05. ADX was above 20 the whole time. Other than that 3 month period ADX was below or at 20 until GTE took a dive.
ADX is a trend indicator and you can get whiplash trying to use it in a ranging stock. Take a very close look at the buys and sells with ADX below or close to 20. When the trend is weak (ADX<20) use other indicators such as the stochastics.
ADX links:
http://stockcharts.com/education/IndicatorAnalysis/indic_ADX.html
3 excellent posts on Atomic Bob's by lowtrade. The first is at:
http://www.atomicbobs.com/index.php?mode=read&id=76568
I cannot do as good a job as lowtrade so will not attempt it here. Suffice it to say I like the ADX a lot. Together with MACD they make a powerful trend study.
On the chart for IOC you can see the DMI= is above both DMI- and ADX and the ADX is rising and is above 20, indicating the possible beginning of a trend up.
This turned up on an Ichimoku scan that I've been playing with lately. Below is the chart. Colorful, if nothing else.
This was their June 12 well report. It is their typical style, usually every two weeks or so.
RSI has crossed above 50 on its way to 70. MACD has crossed its signal line and the 0 line almost simultaneously (this is supposed to be the best place for the cross) and ADX confirms an incipient trend. A/D is trying to claw its way back to positive territory. I wouldn't rush out to buy this one, yet. Keep it on watch, though.
http://biz.yahoo.com/iw/060612/0135010.html
InterOil Corporation Elk-1 ST-1 Well Drilling Report No. 6 12 June 2006
Monday June 12, 9:58 am ET
CALGARY, ALBERTA--(MARKET WIRE)--Jun 12, 2006 -- InterOil Corporation (TSX:IOL.TO - News) (AMEX:IOC - News) -
Elk Prospect
Type: Oil / Gas exploration well
Location: PPL 238, Eastern Papua Basin
145 degrees 08' 27.6" E; 007 degrees 06'
0.5" S
Current Status: Well is shut in while preparing to stabilize
well and subsequently perform a Drill Stem
Test to evaluate in more detail the gas that
flowed to surface while drilling at 5,558 feet
(1,694 meters). The DST will be performed in
the Marl/Puri Limestone open hole interval
from 5,381 feet to 5,558 feet (1,640m to
1,694m) to obtain detailed pressures, flow
rates, composition of the wet gas -
(methane-C1, ethane-C2, propane-C3, butane-C4
and pentane-C5,+) and other reservoir
parameters. Following the DST the intent is to
continue to drill ahead.
Activities since last Successfully squeezed and repaired the top of
report: the 7 inch liner with cement. Drilled out from
below 7 inch liner into the primary targeted
Marl/Puri Limestone formations from 5,381 feet
to 5,558 feet (1,640 meters to 1,694 meters).
Lost circulation at 5,558 feet (1,694 meters)
which induced wet gas into the wellbore. While
circulating out the gas kick, the well flowed
wet gas to surface at 2,000 psi through an
approximate 1 inch choke for 15 minutes to 30
minutes. The well was then shut in. The shut
in casing pressure is 3,150 psi.
(Other technical data will be posted on the
InterOil web site under Elk.)
Past Data: Drilled 12 1/4" hole to 4,075 feet
(1,242 meters). Set a cement plug from
approximately 2,766 to 2,560 feet
(840 to 780 meters) to establish the kickoff
point. Drilled 12 1/4" sidetrack hole to 3,478
feet (1,060 meters). Set 9 5/8" casing at
3,478 feet (1,060 meters). Ran 7" liner
(casing) to 5,393 feet (1,640 meters) and
cemented.
Planned Total Depth: Approximately 9,843 feet (3,000 meters).
Operator: InterOil subsidiary, SPI (208) Limited.
Prospect Description: This well is targeting the Puri/Mendi
fractured limestone.
ADVERTISEMENT
Cautionary Statements
This press release contains forward-looking statements as defined in U.S. federal and Canadian securities laws. All statements, other than statements of historical facts, included in this release are forward-looking statements. Forward-looking statements include, without limitation, statements regarding our drilling plans, plans for expanding our business segments, business strategy, plans and objectives for future operations, future capital and other expenditures, and those statements preceded by, followed by or that otherwise include the words "may," "plans'" "believe," "expects," "anticipates," "intends," "estimates" or similar expressions or variations on such expressions. Each forward-looking statement reflects our current view of future events and is subject to risks, uncertainties and other factors that could cause our actual results to differ materially from any results expressed or implied by our forward-looking statements. These risks and uncertainties include, but are not limited to, the ability of our refinery to operate at full capacity and to operate profitability; uncertainty involving the geology of oil and gas deposits and reserve estimates; delays and changes in plans with respect to exploration or development projects or capital expenditures; political, legal and economic risks related to Papua New Guinea; the impact of competition; the volatility of prices for crude oil and the volatility of the difference between our purchase price of crude oil feedstocks and the sales price of our refined products; the uncertainty of our ability to attract capital; and the risks described under the heading "Risk Factors" in our 2005 Annual Information Form dated March 31, 2006.
Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of the assumptions could be inaccurate, and, therefore, we cannot assure you that the forward-looking statements included in this MD&A will prove to be accurate. In light of the significant uncertainties inherent in our forward-looking statements, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. Except as may be required by applicable law, we undertake no obligation to publicly update or advise of any change in any forward-looking statement, whether as a result of new information, future events or otherwise. Our forward-looking statements are expressly qualified in their entirety by this cautionary statement.
We currently have no reserves as defined in Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. All information contained herein regarding resources are references to undiscovered resources under Canadian National Instrument 51-101, whether stated or not.
IOC - New Guinea Gas/Oil play. DO YOUR DD as this will move big on well results. That collapse was because of a dry hole. I played it from 20 to 27 and got out just before the well results were announced. The current well looks much better.
Hurricane/disaster recovery play, not a straight real estate play.
Puts, eh? I was looking for a bounce from the players that don't play the AMEX. Hope your right for your sake, but wrong for mine. :)
XKEM - .032
HOM - moving to the Naz
NVLS - turning up? Jul 25 Calls (NLQGE)
And the best part is that Cramer is bearish on mining stocks.
Nice consolidation following the jump, though.
Take a look at XKEM.
Hmmmmmm, should I heed my own post? http://www.investorshub.com/boards/read_msg.asp?message_id=11575578 or jump the breakout? Good catch, I was watching the consolidation but missed the C&H.
Technically, a C&H is a continuation pattern, so I'll call it a deep inverse H&S, the shoulders are kinda like mine, wimpy.
http://stockcharts.com/education/ChartAnalysis/cupHandle.html
http://www.investopedia.com/terms/c/cupandhandle.asp
4 pennies to watch - ADZR, NNBP, NNSR, VRDM
Some timely insight from Stockscores Perspectives.
Trading Problem #1 - No Patience on Entry
Anticipating a signal that never comes is common for traders monitoring the market closely and eager to get some money working. For example, a good buying opportunity arises when a stock breaks from an ascending triangle. Jumping in ahead of the breakout is not an ideal situation because the probability of success buying an ascending triangle is not as good as buying a breakout from one.
What causes this mistake? I think a fear of missing out on the maximum amount of profit or the fear of too much risk in buying a stock are the two most common mistakes. Essentially, the two guiding forces of the stock market are at work here; fear and greed.
By buying early, we can realize a greater profit when the stock does breakout since we will have a lower average cost. Or, by buying early we can reduce risk since a breakout followed by a pull back through our stop will result in a smaller loss as we have a lower average cost.
What tends to happen, however, is that the stock does not break out when expected and instead pulls back. This either leads to an unnecessary loss or an opportunity cost of the capital being tied up while other opportunities arise.
The Solution
The simple and obvious solution is to wait for the entry signal, but there are also some things you can do to help yourself stay disciplined. Rather than watch potentially good stocks tick by tick, use an alarm feature to alert you to when they actually make the break. Watching stocks constantly is somewhat hypnotic, and I think the charts can talk you in to making a trade. However, letting the computer watch the stock may help you avoid the stock's evil trance.
Another good solution is to focus on different thoughts when considering a stock. Don't think about potential profits, don't think about minimizing losses. Instead, focus in on the desire to execute high probability trades. It takes time to reprogram yourself, so persevere.