The more assumptions you have to make, the more unlikely an explanation is.
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.
Anyone know where Irishbull got to? maybe his's in china?
yes, they are in a sweet spot...24 states generating 2.7 billion in $20 scratchers.
in the link to follow, company states that in the lotto market(Scientific Games) they are no longer in the manufactureing business. they are now in the licensing business, earning $1-1.50 per $20 lotto card. am i understanding this correctly?
http://engagecorporatecommunications.magnify.net/item/SHTHRYGGFSVWC0DW
a little surprised how fast that "wall' at .80 crumbled.
low end of p/e for industry shows 24, high end 700(lol). what do you think? with foward p/e of 15(.08 in '08) puts this at over $1.
some head on fox screamed 16000 in '08 this morning.
at this point, "margin account" is locked safely away in my closet of anxieties.
Monogram Begins European Opers, Will Provide Tropism TestLast update: 10/1/2007 7:18:38 AMDOW JONES NEWSWIRES Monogram Biosciences Inc. (MGRM) established a European organization to provide access to Trofile, its proprietary tropism test, following the announcement that Pfizer Inc. (PFE) received European Commission approval of the novel HIV therapy, Celsentri - or maraviroc - tablets. Celsentri is known as Selzentry in the U.S. Trofile was the assay used for patient selection for maraviroc's clinical development program and the two companies are engaged in a collaboration agreement to make Monogram's assay available for patient use globally. Maraviroc has been approved in the European Union for combination antiretroviral therapy for treatment-experienced adults who are infected with only CCR5-tropic HIV-1 detectable. Monogram named Corinne Danan as European director, a position in which she will lead the company's efforts to introduce the Trofile assay in Europe and will work closely with Pfizer's European commercial team. -Sam Favate; Dow Jones Newswires
when i grow up, in market years, i want to figure out shorting :).
i think the price must be going up to place a short and one must have a margin account, something i'm not willing to do!
So, will we see C in the $20's? Ouch! They can't very well say the drop in earnings is already priced, It's down about 20% from yr high.
that's cool, can you trade bb stocks?
lol, have a great weekend! i must work.
your right, quick, a distraction:
a friday funny. moms encourgaged to watch:
for mom's, great youtube bit:
omg...stocking stuffers!
to understand the scope of possibility: http://www.wsw.com/webcast/roth13/egmi/
in the grand scheme of things, this is a buying opp.
digital legs just may grow running shoes :)
of wills....
well! (flipping hair)
yes coop, what happens? do you seek new financing? can they call your loan?
As of 6/15/07 subprime delinquency was well on it's way. I would like to see a chart of how far into the subprime mess we are.
"A record number of Americans with subpar credit and adjustable-rate mortgages have fallen behind on their payments, the Mortgage Bankers Association said Thursday. The figure is expected to worsen through the end of the year as more borrowers face higher payments in a sagging housing market.
Nearly 16% of borrowers with "subprime" ARM loans have missed at least one payment, up from about 14% at the end of last year. Once a borrower is 90 days late, a lender typically can start foreclosing on the home. The number of homes entering the foreclosure process, for all loan types, also hit a record in the first quarter."
This link incluces a list of %/state of delinquencies:
http://www.usatoday.com/money/economy/housing/2007-06-14-subprime-foreclosures_N.htm
exhausting, chill man!
Whoever said BRIG had class? Personally it would worry me if BRIG showed any class.
Over sold banks in England?:
Northern Rock Granted Emergency Funding
Friday September 14, 2:56 pm ET
By Tariq Panja, Associated Press Writer
Leading UK Lender Hit by U.S. Subprime Shakeout; Granted Emergency Funding by Central Bank
LONDON (AP) -- The Bank of England provided emergency funding to mortgage lender Northern Rock PLC on Friday after the bank, citing the global credit squeeze triggered by the U.S. subprime mortgage crisis, said it was unable to line up short-term loans from other financial institutions.
ADVERTISEMENT
Even after the central bank issued a statement saying Northern Rock was solvent, slow moving lines of customers snaked through its doors to make withdrawals.
"I would not put a penny into that company again," said Tony Looch, a 68-year-old customer, who withdrew his savings after standing in line for nearly two hours outside a branch in central London. "There are a lot of older people who must be really scared."
Shares in the bank plunged 31.46 percent to 438 pence ($8.88) in London as revelations of a cash shortage spooked investors.
Northern Rock CEO Adam Applegarth announced that profits would fall to between 500 million and 540 million pounds ($1 billion and $1.1 billion) -- as much as 147 million pounds ($298 million) less than expected.
The bank has been unable to raise funds since last month when the wholesale money markets it relied on for cash choked up. Applegarth said the problem was likely to continue for the rest of the year as bad U.S. loans continue rattle the market.
Though substantial funds at a penalty rate were requested by the bank, Northern Rock had billions of pounds in cash at its disposal, Applegarth said.
"We can't tell when the global (credit) freeze is going to unwind. On that basis, it made sense to get this facility now," he told Sky News. He did not disclose how much the bank had borrowed.
Financial experts, agreed, saying there was little risk of the bank, which holds 113 billion pounds ($226 billion) in assets, would collapse.
That meant little to investors, who began dumping shares of other British Banks. Alliance & Leicester PLC and Bradford & Bingley fell between 6 and 7 percent Friday. HBOS PLC and Barclays PLC fell by around 3.5 percent.
Treasury chief Alistair Darling said there was no threat of insolvency at the bank and urged customers not to panic.
"There's plenty of money in the system," he said. "All the banks have money, but at the moment they're not lending to each other in the way they usually do."
Uncertainty over exposure to the U.S. subprime mortgage markets has played out in the interbank lending rates, a facility that is the cornerstone of Northern Rock's business model.
A statement for the central bank said said "The decision to provide a liquidity support facility to Northern Rock reflects the difficulties that is has had in accessing longer term funding and the mortgage securitization market, on which Northern Rock is particularly reliant."
In Britain, the key three-month interbank lending rate, or LIBOR, now sits at 6.82 percent -- more than a full percentage point above the 5.75 percent base rate and just above the Bank of England's emergency lending rate of 6.75 percent.
"This isn't about solvency, this is about a short-term problem that the Northern Rock has in getting liquidity -- that is, getting some cash from the normal interbank lending market," said Angela Knight, chief executive of the British Bankers' Association.
"I think that anybody who is waking up this morning who is either a saver with Northern Rock or has got a mortgage ... can be absolutely confident that they have got their money with or they have borrowed from a very sound financial institution," she told British Broadcasting Corp. radio.
Bankers warned against making parallels between Northern Rock and troubled Countrywide Financial Corp. in the United States-- which is releasing 13,000 employees and has been forced to borrow billions of dollars as it struggles to weather a wicked downturn in the U.S. housing market.
The British bank is more diligent in its lending policy, no longer has a subprime book and has a repossession rate of less than 1 percent, said Eric Leenders, an executive director of the British Bankers Association.
"It's a very healthy business which has run into a simple liquidity issue owing to the market jitters around the U.S. subprime mortgage market," Leenders said.
The Bank of England's intervention is the first of its kind since it assumed the role of "lender of last resort" when it was made independent from the British government in 1997.
Northern Rock PLC: http://www.northernrock.co.uk
Most Helpful Customer Reviews
43 of 51 people found the following review helpful:
If I Did It by O.J. Simpson, September 13, 2007
By Teresa Mcgary - See all my reviews
I listened to all sides of Brown and Goldman on whether this book should be published or not and I understand the pain on both sides. It was my choice to buy the book to help the Goldmans. It is pretty disgusting that it is a book that shows how he killed her even though the title says If I Did It. He totally trashes Nicole in the book which is very sick, and makes it sound like it was all her fault and she got what she got becaused she deserved it. That just goes to show you how vain and psycho he is. The book is very consistent with the facts presented by the prosecution at the trial. He is the killer and he is making a mockery of the Browns and Goldmans. I think he's a deck short upstairs. He should spend the rest of his despicable life in solitaire.
Comment (1) | Was this review helpful to you? (Report this)
15 of 17 people found the following review helpful:
There's a big difference between OJ publishing the book and the Goldmans doing it... Read their commentary., September 14, 2007
By JCMedia - See all my reviews
Some have been accusing the Goldmans of getting blood money from the book and stooping to OJ's level. But if you look at the facts, and actually read the book, you would probably come to a different conclusion. Consider this:
1. The Goldmans added a significant amount of commentary that puts the rantings in perspective. It bolsters the assertion that he was, in fact, the murderer. From the day the jury declared him not guilty, their key goal has been to get everyone to realize that he actually did do it.
2. There's a huge difference between the murderer getting the profits and the victim's family receiving them. The Goldman family is legally entitled to OJ's money -- and since he wasn't paying, this is one way for them to recoup the judgement they won in court.
3. This hurts OJ and his case much more now that they've published it instead of him. Instead of presenting it as a joke and making money off of it, OJ is presented as the real murderer that he is, and he's not making a dime.
4. Just look at the cover. It clearly presents the image of OJ being a murderer. If he had published it, it wouldn't have come off as that.
5. It gives an inside view of OJ's evil heart and murderous thoughts. Why wouldn't the Goldman family want the public to see that? Why allow the people still walking around thinking OJ is innocent to avoid facing the facts of who OJ really is?
Read the book, or at least peruse it, and you'll see that having the Goldmans publish it is not only different than having OJ do so, it's the right thing to do.
Comment (1) | Was this review helpful to you? (Report this)
By Rush Limbaugh:
I think the vast differences in compensation between victims of the September 11 casualty and those who die serving our country in Uniform are profound. No one is really talking about it either, because you just don't criticize anything having to do with September 11. Well, I can't let the numbers pass by because it says something really disturbing about the entitlement mentality of this country. If you lost a family member in the September 11 attack, you're going to get an average of $1,185,000. The range is a minimum guarantee of $250,000, all the way up to $4.7 million.
If you are a surviving family member of an American soldier killed in action, the first check you get is a $6,000 direct death benefit, half of which is taxable.
Next, you get $1,750 for burial costs. If you are the surviving spouse, you get $833 a month until you remarry. And there's a payment of $211 per month for each child under 18. When the child hits 18, those payments come to a screeching halt.
Keep in mind that some of the people who are getting an average of $1.185 million up to $4.7 milli on are complaining that it's not enough Their deaths were tragic, but for most, they were simply in the wrong place at the wrong time. Soldiers put themselves in harms way FOR ALL OF US, and they and their families know the dangers.
We also learned over the weekend that some of the victims from the Oklahoma City bombing have started an organization asking for the same deal that the September 11 families are getting. In addition to that, some of the families of those bombed in the embassies are now asking for compensation as well.
You see where this is going, don't you? Folks, this is part and parcel of over 50 years of entitlement politics in this country. It's just really sad. Every time a pay raise comes up for the military, they usually receive next to nothing of a raise. Now the green machine is in combat in the Middle East while their families have to survive on food stamps and live in low-rent housing Make sense?
However, our own US Congress voted themselves a raise. Many of you don't know that they only have to be in Congress one time to receive a pension that is more than $15,000 per month. And most are now equal to being millionaires plus. They do not receive Social Security on retirement because they didn't have to pay into the system. If some of the military people stay in for 20 years and get out as an E-7, they may receive a pension of $1,000 per month, and the very people who placed them in harm's way receives a pension of $15,000 per month.
I would like to see our elected officials pick up a weapon and join ranks before they start cutting out benefits and lowering pay for our sons and daughters who are now fighting .
" When do we finally do something about this?" If this doesn't seem fair to you, it is time to forward this to as many people as you can.
nope, no chinese stocks here.
nmkt at a 3yr low.
4- 200 cal "meals" + 4 beers for dinner = 1200-1400 cal/day. who says you can't have your beer and drink it to!
that stick diet only works for me if i give up beer ;(
still holding 500k ;)
aray, getting some steady buying.
wow i'm impressed, guarana?
now BRIG, that is a condition we all have in common, at least till after morn' coffee.
Bob Brinker's September newsletter...
Here's the latest from BobBrinker's September Marketimer released yesterday.
It is perhaps the most bullish commentary I've seen since the August 2004 lows.
He says that his stock market timing model is currently in highly favorable territory.
He outlines the major corrections we have had each year since the 2003 lows, and describes each one as necessary to restore the market's health and prepare for the next advance.
Also says that the recent high volatility is a "hallmark" of bull market intermediate bottoms, reflecting high anxiety and overly negative news in the financial press. Describes the recent bottom as "textbook" in the level of fear and the associated volatility.
Then describes the "extraordinary" technical readings recorded at the recent lows:
10-day put/call ratio of 1.31 on Aug. 6 was within a hairsbreadth of a new world record.
10-day put/call ratio closed over 1.10 on 19 consecutive days through August 17, which is the longest such streak in history.
60-day put/call ratio recorded a new all-time record high of 1.075 in August.
BobBrinker's own proprietary sentiment index recorded a new, lifetime, historic high in August, higher than any other reading since 1982.
Reiterates again that there is very little chance of the market entering a cyclical bear phase anytime during this year. Expects the market to reach new record highs, into the mid 1600 range sometime next year.
............................................
Furthermore, the 10-year Treasury yields continue to collapse, and they remain at levels which are well below the 1994 - 1998 levels when the stock market recorded its historic run. The 10-year yield averaged about 6%, and reached a high of 8% during that period. Only for a brief moment in time did the 10-year yield dip below today's level, and that was during the 1998 LTCM panic.
During the most spectacular run from the October 1998 lows to the January 2000 highs, the 10-year yield increased 280 basis points, until BobBrinker issued his sell signal in the 2nd week of January 2000. Of course, the Nasdaq kept blowing off into the March 2000 highs.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22628445&txt2find=brinker+