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HERE WE GO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HUGE BLOCKS ...HUGE BLOCKS !!!!!! AGRESSIVE COVER STARTS!!!
0.97$ X 0.97$ NOWWWWWWWW!!!!!!!
0.96 $ X 0.97 $
0.95$ X 0.96$ !!!!!
0.93$ x 0.94$
0.91$ X 0.93$
0.92$ !!!!!!! AFTER HOURS $1?
35,000 at 0.90$ x 500 at 0.91$
HUGE BLOCKs at BID AFTER HOURS !
75,000 shares BID at 0.89$ Looks great for tomorrow
0.90$ X 0.925$ ?
UPTREND Continue AFTER HOURS !!!!!!!
1$-$1.10 in PRE MARKET Tomorrow ?
NEWS OUT SHORT HALTED !!!!! http://www.sec.gov/rules/other/2008/34-58592.pdf
fre AND fnm ON THE halted LIST !!!!!!!
NEWS OUT !!!!! Sept. 19 (Bloomberg) -- The Securities and Exchange Commission halted short selling of financial companies, pressing an assault on speculators after the collapse of Lehman Brothers Holdings Inc. and American International Group Inc.
Futures on the Standard & Poor's 500 Index surged 2.9 percent following the announcement. U.S. equities staged the biggest rally in six years yesterday after the SEC stiffened other regulations aimed at curbing manipulative trading.
``The shorting rules gave investors the belief the world is not coming to an end,' said Phil Orlando, New York-based chief equity strategist at Federated Investors Inc., which oversees $334 billion. ``You had a lot of the hedge funds ganging up on these financial companies and putting them out of business.'
Hedge funds and investors who profit from share declines are being scrutinized after $3 trillion was wiped from stocks globally this week as financial shares swooned. Goldman Sachs Group Inc. and Morgan Stanley, the remaining independent securities firms on Wall Street, plunged by the most ever, prompting Morgan Stanley Chief Executive Officer John Mack to say short sellers are using abusive tactics to attack companies.
Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S. pension funds all began cracking down on short sellers this week.
The SEC said today that it will halt short selling of U.S. banks, insurance companies and securities firms through Oct. 2, while the Financial Services Authority in the U.K. banned short sales of financial shares for the rest of the year.
SHORT HALTED NEWS OUT !!!!! ...NEWS OUT !!!!! Sept. 19 (Bloomberg) -- The Securities and Exchange Commission halted short selling of financial companies, pressing an assault on speculators after the collapse of Lehman Brothers Holdings Inc. and American International Group Inc.
Futures on the Standard & Poor's 500 Index surged 2.9 percent following the announcement. U.S. equities staged the biggest rally in six years yesterday after the SEC stiffened other regulations aimed at curbing manipulative trading.
``The shorting rules gave investors the belief the world is not coming to an end,' said Phil Orlando, New York-based chief equity strategist at Federated Investors Inc., which oversees $334 billion. ``You had a lot of the hedge funds ganging up on these financial companies and putting them out of business.'
Hedge funds and investors who profit from share declines are being scrutinized after $3 trillion was wiped from stocks globally this week as financial shares swooned. Goldman Sachs Group Inc. and Morgan Stanley, the remaining independent securities firms on Wall Street, plunged by the most ever, prompting Morgan Stanley Chief Executive Officer John Mack to say short sellers are using abusive tactics to attack companies.
Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S. pension funds all began cracking down on short sellers this week.
The SEC said today that it will halt short selling of U.S. banks, insurance companies and securities firms through Oct. 2, while the Financial Services Authority in the U.K. banned short sales of financial shares for the rest of the year.
NEWS OUT !!!!! Sept. 19 (Bloomberg) -- The Securities and Exchange Commission halted short selling of financial companies, pressing an assault on speculators after the collapse of Lehman Brothers Holdings Inc. and American International Group Inc.
Futures on the Standard & Poor's 500 Index surged 2.9 percent following the announcement. U.S. equities staged the biggest rally in six years yesterday after the SEC stiffened other regulations aimed at curbing manipulative trading.
``The shorting rules gave investors the belief the world is not coming to an end,' said Phil Orlando, New York-based chief equity strategist at Federated Investors Inc., which oversees $334 billion. ``You had a lot of the hedge funds ganging up on these financial companies and putting them out of business.'
Hedge funds and investors who profit from share declines are being scrutinized after $3 trillion was wiped from stocks globally this week as financial shares swooned. Goldman Sachs Group Inc. and Morgan Stanley, the remaining independent securities firms on Wall Street, plunged by the most ever, prompting Morgan Stanley Chief Executive Officer John Mack to say short sellers are using abusive tactics to attack companies.
Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S. pension funds all began cracking down on short sellers this week.
The SEC said today that it will halt short selling of U.S. banks, insurance companies and securities firms through Oct. 2, while the Financial Services Authority in the U.K. banned short sales of financial shares for the rest of the year.
TIE FOR THE LARGEST SQUEEZE IN HISTORY!!!
EXPECT GRAND SQUEEZE---NO MORE SHORTING!!!
New York AG launches probe of short-selling
Thursday September 18, 4:42 pm ET
By Stevenson Jacobs, AP Business Writer
New York attorney general launches probe into short-selling of stocks of Wall Street firms
NEW YORK (AP) -- New York state is launching an investigation into whether some traders used illegal tactics to drive down the stock price of several Wall Street firms.
Attorney General Andrew Cuomo told reporters Thursday his office has received a "significant number" of complaints about short sellers, or investors who hope to profit by placing bets that a financial company's stock will fall.
me to in ameritrade.
Target 3$
My broker called me to alert this cover.
Shell taps into coal methane in CHINA .
Shell has expanded its interests in China by taking control of a pioneering project to meet some of the country's burgeoning demand for energy using methane gas from underground coal seams.
The Anglo-Dutch group has bought a 55% equity stake from Verona Development Corporation and will operate the North Shilou project, 150km south-east of Changbei gas field, where Shell is also active in a conventional gas production scheme with PetroChina.
Methane is a highly flammable greenhouse gas, which is 10 times more damaging than carbon dioxide in terms of global warming if released into the atmosphere. But Shell will join a small group of companies that believe China's extensive coal reserves can be used as a source of relatively clean new energy that has a proven track-record in the US.
Lim Haw-Kuang, executive chairman of Shell companies in China, said: "The North Shilou production-sharing agreement is another important step for the Shell group in developing a significant and long-term business in China and globally. We are confident that our upstream technologies and expertise can unblock the vast potential of coal-bed methane in the country."
A spokesman at Shell's head office in The Hague said there was still much challenging work to be undertaken to ensure that the scheme was technically and commercially feasible. "This is a highly sophisticated project and one only possible in a high [oil and gas] price environment," he added.
While BP has been at the forefront of producing gas from coal-bed methane in the United States, Shell has yet to develop an operational scheme, though it has long been trying to develop a similar project in the Klappan region of British Columbia in Canada.
The oil company drilled three exploratory wells there in 2004, only to shelve operations after running into opposition from the local Tahltan Tribal Council. The Shell spokesman said talks were still going on to restart the scheme. BP has also run into opposition in Canada from those who fear its plans for coal-bed methane will degrade the environment.
Shell hopes to start its first activities in China early next year with a programme of seismic surveys followed by experimental drilling. If all goes well, the oil company, in partnership with China United Coalbed Methane Corporation, will undertake exploration until the end of 2010, followed by five years of development and 20 years of gas production.
The use of methane as a power source has been recognised for some time. Companies are drawing methane from landfill waste sites around Britain.
Shell taps into coal methane in CHINA .
Shell has expanded its interests in China by taking control of a pioneering project to meet some of the country's burgeoning demand for energy using methane gas from underground coal seams.
The Anglo-Dutch group has bought a 55% equity stake from Verona Development Corporation and will operate the North Shilou project, 150km south-east of Changbei gas field, where Shell is also active in a conventional gas production scheme with PetroChina.
Methane is a highly flammable greenhouse gas, which is 10 times more damaging than carbon dioxide in terms of global warming if released into the atmosphere. But Shell will join a small group of companies that believe China's extensive coal reserves can be used as a source of relatively clean new energy that has a proven track-record in the US.
Lim Haw-Kuang, executive chairman of Shell companies in China, said: "The North Shilou production-sharing agreement is another important step for the Shell group in developing a significant and long-term business in China and globally. We are confident that our upstream technologies and expertise can unblock the vast potential of coal-bed methane in the country."
A spokesman at Shell's head office in The Hague said there was still much challenging work to be undertaken to ensure that the scheme was technically and commercially feasible. "This is a highly sophisticated project and one only possible in a high [oil and gas] price environment," he added.
While BP has been at the forefront of producing gas from coal-bed methane in the United States, Shell has yet to develop an operational scheme, though it has long been trying to develop a similar project in the Klappan region of British Columbia in Canada.
The oil company drilled three exploratory wells there in 2004, only to shelve operations after running into opposition from the local Tahltan Tribal Council. The Shell spokesman said talks were still going on to restart the scheme. BP has also run into opposition in Canada from those who fear its plans for coal-bed methane will degrade the environment.
Shell hopes to start its first activities in China early next year with a programme of seismic surveys followed by experimental drilling. If all goes well, the oil company, in partnership with China United Coalbed Methane Corporation, will undertake exploration until the end of 2010, followed by five years of development and 20 years of gas production.
The use of methane as a power source has been recognised for some time. Companies are drawing methane from landfill waste sites around Britain.
About this articleClose This article was first published on guardian.co.uk on Thursday December 27 2007. It was last updated at 18:47 on December 27 2007.
NO SELLERS 0.72 x 0.74 sell to me please !!!!!!!
5% up , chart said ready to RUN !!!!!
PETROCHINA !!!!!!!!
IR ask an email , He said PETROCHINA one of his possibilities.
But they have 2 o 3 cias to choose. GOLDEN EGG here !!!!
AMEX ready they said , only need to put the stock on 2$
VOLUME , VOLUME , VOLUME !!!!!!!!
above 3$ 3$ 3$ 3$ 3$ 3$ !!!!!!!!!!!!!
starts to desesperates !!!!! jajajajajajaj
Although much smaller companies – for example, Far East Energy Corporation (OTC BB: FEEC) – each one had connections within China to obtain massive CBM gas concessions – some about one-third the size of Rhode Island. Far East Energy, deceivingly tiny as an energy company (market cap: $136 million), developed its relationship with CUCBM through previous political connections. Chief Executive Michael McElwrath served briefly as Acting Assistant U.S. Secretary of Energy for Fossil Energy under President George Bush, Sr. Chief Financial Officer Bruce Huff was formerly President and Chief Operating Officer of Harken Energy, a company with which President Bush, Jr. was involved. A technical advisor, Don Gunther, was formerly Vice Chairman of the Bechtel Group, a company whose alumni populated the Reagan and Bush administrations.
In Far East Energy’s case, the plum award was a 1.3-million-acre concession in China’s coal rich Shanxi and Yunnan provinces. The properties have potential recoverable CBM resource of between 9.2 and 12.5 trillion cubic feet. They are situated near two major national pipelines running to both Beijing and Shanghai. According to the company’s website, when the Shanxi project is fully developed, it could sustain an estimated 3,000 horizontal gas wells. If that’s the case, this might become one of the world’s largest CBM projects.
Chairman John Mihm had been a senior vice president for Phillips Petroleum, prior to the company’s merger with Conoco, and was involved in supplying technical support for the ConocoPhillips Shanxi project before it was farmed out to Far East Energy. If ConocoPhillips participated only on an overriding-royalty basis, then Far East would partner with CUCBM and own 66.5-percent of Shanxi. If ConocoPhillips participates, Far East would retain a 40-percent interest.
Although much smaller companies – for example, Far East Energy Corporation (OTC BB: FEEC) – each one had connections within China to obtain massive CBM gas concessions – some about one-third the size of Rhode Island. Far East Energy, deceivingly tiny as an energy company (market cap: $136 million), developed its relationship with CUCBM through previous political connections. Chief Executive Michael McElwrath served briefly as Acting Assistant U.S. Secretary of Energy for Fossil Energy under President George Bush, Sr. Chief Financial Officer Bruce Huff was formerly President and Chief Operating Officer of Harken Energy, a company with which President Bush, Jr. was involved. A technical advisor, Don Gunther, was formerly Vice Chairman of the Bechtel Group, a company whose alumni populated the Reagan and Bush administrations.
In Far East Energy’s case, the plum award was a 1.3-million-acre concession in China’s coal rich Shanxi and Yunnan provinces. The properties have potential recoverable CBM resource of between 9.2 and 12.5 trillion cubic feet. They are situated near two major national pipelines running to both Beijing and Shanghai. According to the company’s website, when the Shanxi project is fully developed, it could sustain an estimated 3,000 horizontal gas wells. If that’s the case, this might become one of the world’s largest CBM projects.
Chairman John Mihm had been a senior vice president for Phillips Petroleum, prior to the company’s merger with Conoco, and was involved in supplying technical support for the ConocoPhillips Shanxi project before it was farmed out to Far East Energy. If ConocoPhillips participated only on an overriding-royalty basis, then Far East would partner with CUCBM and own 66.5-percent of Shanxi. If ConocoPhillips participates, Far East would retain a 40-percent interest.
FEEC folks FEEC HOT HOT this week ......
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