The more assumptions you have to make, the more unlikely an explanation is.
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btw, all buys again in ypnt.
amrn hit .54 yesterday, then bounced. eom
stay till june or go away too soon.
Dollar's Woes Eyed in Persian Gulf
Monday May 21, 10:34 am ET
By Barbara Surk, Associated Press Writer
Dollar Could Be Victim of Gulf Region's Battle With Inflation
DUBAI, United Arab Emirates (AP) -- With Kuwait abandoning its currency's link to the dollar, the United Arab Emirates may be the next Gulf state to cut its reliance on the sagging U.S. currency -- a move that could hasten the greenback's decline.
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On Sunday, Kuwait's Central Bank governor, Sheik Salem Abdul Aziz al Sabah, removed the Kuwaiti dinar's peg to the dollar and linked it instead to a basket of currencies. The Kuwait Central Bank believes that by raising the value of the dinar and, later, adjusting interest rates, it can curb inflation that has hurt the economy of the oil-rich emirate.
Traders had expected Kuwait to take action to bolster the dinar, and the Central Bank's move did not immediately play out in currency markets. The dollar edged slightly higher against the euro in Frankfurt on Monday, to $1.3500 per euro, versus the $1.3505 it bought in New York on Friday.
"So far the dollar has held up quite well," said Steve Brice, head of research for Middle East and South Asia at Standard Chartered Bank in Dubai.
Brice said Kuwait's unilateral move away from the dollar makes it easier for other countries in the six-nation Gulf Cooperation Council to follow suit.
The inflation-buffeted Emirates is most likely, but Brice gave the Emirates Central Bank just a 25 percent chance of cutting the links between its currency -- the dirham -- and the dollar.
"It is clearly possible that the UAE delinking from the dollar would undermine it," Brice said. "It would be seen as signaling to the rest of the region that such moves were acceptable."
Central bankers in the other four GCC nations -- Oman, Qatar, Bahrain and Saudi Arabia -- spoke out in April against Kuwait's plans and are less likely to follow suit, said HSBC Bank economist Simon Williams.
But the U.S. dollar could still be hurt by other potential moves to shift away from the region's overwhelming dependence on the American currency.
The as yet-unannounced makeup of Kuwait's currency basket could result in a large sell-off of dollars, especially if the staunch U.S. ally chooses a mixture based on the pricing of its imports, many of which are denominated in relatively expensive euros.
Brice said the dollar could also be undermined if Gulf states move to price oil in currencies other than the dollar, which would increase their revenues.
Currency diversification by the Gulf's quasi-government investment agencies, with an estimated $1.5 trillion in holdings, could depress the sinking greenback even further, Brice said.
For now, economists say these scenarios are unlikely.
Although economists were not surprised by Kuwait's direction of change, Williams said they were "slightly taken aback" by the decision to trade the dollar peg for a currency basket. Kuwait just recently pegged its dinar against the dollar, in 2003, to comply with a plan to unify currencies of the Gulf similar to the European Union's euro by 2010.
A Gulf monetary union has lost political backing over the last year. Kuwait's decision makes a single Gulf currency even less likely, Williams said.
"This region can continue to prosper with or without a single currency in place," he said.
Ameritrade = tight ass Homer Simpson.
oh the pain ;)
omg, some buyers showed up for ypnt! per cc their app for getting off bb "is already filed" they only need the share price.
sdgl #&*&!*%@#
tbird! awsome! eom
Mine too! Geez, what did sdgl ever do to sbsh? Took most of my money back out yesterday. Rather take a small loss than have it slowly sucked dry. Hanging on to ypnt as there is significant bid support not too far away.
terrariumtech hybrid car, "THC"
sdgl, 1 left at .062, then .065 for now...
ypnt, per cc, has app already submitted to nasdaq. they already qualify except price...build it and it will come. in at .70
i heard the new one is 'sell in june or be too soon' lol
Secured Digital Reports Record Quarterly Revenue as Sales Top $10 Million on Outsourcing Expansion
Tuesday May 15, 10:00 am ET
SADDLE BROOK, N.J.--(BUSINESS WIRE)--Secured Digital Applications (OTCBB:SDGL - News), a leading provider of outsourced business consulting services in Asia, today announced record revenues of $10.37 million in the first quarter of 2007 as a result of increased sales of multimedia and business services.
In its quarterly report filed with the Securities and Exchange Commission, the company reported that revenues increased by 23 percent from the first quarter of 2006, a gain of $1.97 million, while gross profits increased by 51 percent from $457,488 to $690,627. Income from continuing operations was $311,100, compared to a loss of $102,933 in the 2006.
"Management is very pleased with the results for the first quarter of 2007," said Chairman and Chief Executive Officer Patrick Lim. "It represents Secured Digital's continuing expansion of its share of the market for advanced technology applications."
The company also reaffirmed its sales and earnings guidance for 2007. The company expects to achieve revenue in the range of $44 - 48 million and net income in the range of $1.5 - $1.8 million.
Secured Digital Reports Record Quarterly Revenue as Sales Top $10 Million on Outsourcing Expansion
Tuesday May 15, 10:00 am ET
SADDLE BROOK, N.J.--(BUSINESS WIRE)--Secured Digital Applications (OTCBB:SDGL - News), a leading provider of outsourced business consulting services in Asia, today announced record revenues of $10.37 million in the first quarter of 2007 as a result of increased sales of multimedia and business services.
In its quarterly report filed with the Securities and Exchange Commission, the company reported that revenues increased by 23 percent from the first quarter of 2006, a gain of $1.97 million, while gross profits increased by 51 percent from $457,488 to $690,627. Income from continuing operations was $311,100, compared to a loss of $102,933 in the 2006.
"Management is very pleased with the results for the first quarter of 2007," said Chairman and Chief Executive Officer Patrick Lim. "It represents Secured Digital's continuing expansion of its share of the market for advanced technology applications."
The company also reaffirmed its sales and earnings guidance for 2007. The company expects to achieve revenue in the range of $44 - 48 million and net income in the range of $1.5 - $1.8 million.
.063 evaporated. eom
sbsh backed off to .066 on the ask!
patience exercises exhaust me, i like the easy stuff like marathons in the heat of summer, giggle
that's it! i'm callin vinnie! eom
refr getting a little of what it deserves.
i see, gone and down on the bid. eom
budge, sbsh raised the bid! good huh?
anybody know someone with an italian accent to have a little talk w/ 'does guys? seriously, thanks i'll watch...
well, i see an awsome opportunity! if it dips will buy some more.
where is this hammer budge? all buys today from what i can see. :)
Secured Digital Reports Record Quarterly Revenue as Sales Top $10 Million on Outsourcing Expansion
Tuesday May 15, 10:00 am ET
SADDLE BROOK, N.J.--(BUSINESS WIRE)--Secured Digital Applications (OTCBB:SDGL - News), a leading provider of outsourced business consulting services in Asia, today announced record revenues of $10.37 million in the first quarter of 2007 as a result of increased sales of multimedia and business services.
In its quarterly report filed with the Securities and Exchange Commission, the company reported that revenues increased by 23 percent from the first quarter of 2006, a gain of $1.97 million, while gross profits increased by 51 percent from $457,488 to $690,627. Income from continuing operations was $311,100, compared to a loss of $102,933 in the 2006.
"Management is very pleased with the results for the first quarter of 2007," said Chairman and Chief Executive Officer Patrick Lim. "It represents Secured Digital's continuing expansion of its share of the market for advanced technology applications."
The company also reaffirmed its sales and earnings guidance for 2007. The company expects to achieve revenue in the range of $44 - 48 million and net income in the range of $1.5 - $1.8 million.
if that's not a buy on the news, i'm a monkeys uncle. thank-you botb! glta
International Characteristics Exposed
The British are feeling the pinch in relation to recent terrorist threats and have raised their security level from "Miffed" to "Peeved." Soon, though, security levels may be raised yet again to "Irritated" or even "A Bit Cross." Londoners have not been "A Bit Cross" since the blitz in 1940 when tea supplies all but ran out. Terrorists have been re-categorized from "Tiresome" to a "Bloody Nuisance." The last time the British issued a "Bloody Nuisance" warning level was during the great fire of 1666.
Also, the French government announced yesterday that it has raised its alert level from "Run" to "Hide." The only two higher levels in France are "Surrender" and "Collaborate." The rise was precipitated by a recent fire that destroyed France's white flag factory, effectively paralyzing the country's military capability.
It's not only the English and French that are on a heightened level of alert. Italy has increased the alert level from "Shout Loudly and Excitedly" to "Elaborate Military Posturing." Two more levels remain: "Ineffective Combat Operations" and "Change Sides."
The Germans also increased their alert state from "Disdainful Arrogance" to "Dress in Uniform and Sing Marching Songs." They also have two higher levels: "Invade a Neighbor" and "Lose."
Belgians, on the other hand, are all on holiday as usual, and the only threat they are worried about is NATO pulling out of Brussels.
The Spanish are all excited to see their new submarines ready to deploy. These beautifully designed subs have glass bottoms so the new Spanish navy can get a really good look at the old Spanish navy.
i sure would like to know why refr is valued so highly. i don't get it. i could see buying it for a pop if it ever comes down out of the clouds.
way out of what i could stomach! i could go for 5000 though, hmmm...
Brig, your slippin' too, what's wrong w/ everyone today?
budge, it's still 8.5% above it's all time low, your slippin' man.
according to td waterhouse t&s it went through @ 10:08 @ .30 the next trade was @ 10:23 for .305
cat, how does that wall look now?
fwiw i think we will close north of .31 for the week.
ouch! for those in tubr yesterday. oem
strong day imo. glta
uh, that's dob....;)