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Doubled postion @1.80. special situation stock. Multi-bagger on Govt backstop news. With the markets crashing dont u think the govt will surely step in. looks more and more likely all the time.
It would be a steal at 2 bucks.With the divi and the new leadership plus the potential govt help soon i would be very surprised if we ever see $2 or below again.
Lucky dog. LMAO
You probably pick up a lot of things.
More sellers than buyers. Whenever Mr.Bernake speaks this stuff usually will happen.Whenever you see sharp declines like this you look for major bad news first. If there is none you go back to the fundamentals including future potentail. If all things are unchanged then the selling was either profit taking or fear. Beranke saying the country has problems instills fear so people sell. But the potential is still with ABK so investors that did thier DD find the nuts to add on the dips. Such is investing 101.Anyone who starts barking like OMG it could go to $1.50 is an emotional azzwpe who shouldnt be investing in the first place.If you have the brains to invest have the ballz to buy on the dips.
Added 33% on the dip. Pressure is building. Voices are being raised to help the bond insurers. This is looking good. Dont be fooled by the profit takers.This is a keg of TNT. It sits in the corner and does little for most of the time. But one spark and she blows the house up.
Bond Insurers Need $20 Billion From Bailout: Dinallo
Topics:Credit | Banking
Sectors:Financial Services | Banks
Companies:MBIA Inc | Ambac Financial Group Inc | Lehman Brothers Holdings IncBy CNBC.com | 20 Oct 2008 | 09:44 AM ET Text Size As much as $20 billion of the federal bailout plan for the financial industry should be put aside for bond insurers, New York State Insurance Superintendent Eric Dinallo said.
The money is needed because of a logjam in the credit default swaps market, which has sustained significant damage as the credit crisis has unwound. Credit default swaps set the price to insure corporate debt, and have been under pressure as companies have defaulted on bonds.
Correspondingly, leading bond insurers Ambac [ABK 3.62 0.13 (+3.72%) ] and MBIA [MBI 9.55 0.15 (+1.6%) ] have taken a beating, a situation Dinallo, speaking on CNBC, said needs to be addressed. He estimated $10 billion to $20 billion of the total $700 billion bailout should be dedicated to bond insurers.
He said federal money to help backstop the two companies should they sustain further pressure from defaults is one of the "cheapest, quick ways to help unlock the municipal bond market."
"We’re looking for banks to step up and put some kind of backstop in place," Dinallo said. "We also asked Congress for some kind of backstop."
Dinallo's comments come as Lehman Brothers is unwinding its CDS load, an event not expected to be as damaging to the credit markets as initially feared. There initially were fears that the cost to companies holding Lehman debt could reach as high as $400 billion, but the actual payouts are expected to be much less.
http://www.cnbc.com//id/27277657?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
It wont happen tomorrow. The decision may take week or so. Its probably a good bet they will aprrove if not all the recommends then at least some of them. Either way with the Fed backstop, Moody would have to upgrade to AAA again and Kaboom! Back to 20 in almost no time. This is the ultimate Lotto play.5-10 bagger maybe ,with little downside risk.Just dont glare at every little up tick or down tick.Sit on this like a golden egg.
With city and state govts. getting close to BK because they cant float thier bonds, Uncle Sam would be crazy not to do something. Odds are they will accept the bond insurers request of a govt sponsered backstop. This is a nice hold , looking for a return to the teens before Xmas.
Anyone here into ABK? Moving way higher.
REPR .17 is disgusting. It should be double this by now.
Well they can have my shares when they pry it out of my cold dead hands. I will sit on this like a golden egg.
Anybody care to update the I Box?
Yeah thats right but the Queen has been calling for some good news to be rolling out concerning her VBDG. Looking for something outof the twilight zone to rocket us back in the .40s before earnings. Should give the earnings an octane boost also.Forget Raw. Do your own DD.
Raw...aside from your stake in VBDG do u still own REPR? Earnins are due soon . Does Mike have any estimates yet?
You sold at .24????
You just got positive on the stock so its a natural reaction.LMAO
Are there any updates as to international sales and what effect this will have on overall revenues.
VBDG........... market surging..... PPS down again..... time to get in cheap.
REPR Expected order from Dept. of Homeland Security ...
Not a huge order, but hopefully becomes standard issue. This is a solicitation, which usually leads to order.
http://www.fbodaily.com/archive/2008/08-August/06-Aug-2008/FBO-01630181.htm
excerpt:
The DHS-Customs and Border Protection requires the following items, Brand Name or Equal, to the following: LI 001, Moore Med.#82932 - Catalina Aluminum oxygen "D" tanks, 10, EA; LI 002, Moore #82934 - Catalina MD22 Jumbo "D" aluminum oxygen tanks, 5, EA; LI 003, Moore #78794 - Emergency Products Research,Kendrick KODE 2 Extrication vest Ke-707, 10, EA; LI 004, Moore #56913 - Duct tape white 2"x60', 200, EA; LI 005, Moore #45311 - Sterile water for irrigation USP Baxter 2F7112, 250mL (24 per case), 8, CS; LI 006, Moore #37155 - Moore Brand 1121 SAM Splint - orange/blue 4-1/2"x36", 100, EA; LI 007, Moore #13138 - Valeant Insta-Glucose 31gm, 50, EA; LI 008, Moore #54804 - METTAG Triage tags, 25, PK; LI 009, Moore #84009 - REPRO-MED System, Inc Res-Q-Vac field replacement kit, 25, EA; LI 010, Moore #77430 - E-Fougera and CO. Bacitracin zinc and Polymyxin B Sulfate ointment USP, 25, BX; LI 011, Moore #77238 - Welch Allyn 04000-200 ThermoScan Pro 4000 ear thermometer, 10, EA; LI 012, Moore #76803 - Welch Allyn 05075-800 ThermoScan Pro 4000 ear thermometer probe covers, 25, PK; LI 013, Moore 67315 - Microflex SU-690-L Supreno SE Powder free nitrile exam gloves, large, 50, PK; LI 014, Moore #67316 - Microflex SU-690-XL Supreno SE powder free nitrile exam gloves, XL, 50, PK; LI 015, shipping & handling, 1, LO;
with this quarter reporting on about the 15th it should include some international sales.I guess if this is a gapper on Wednesday no one would have bought on the big dip it had. .14 on the ask is still cheap.REPR DA REAPER
RMS Medical Products (REPR) is one of five pump manufacturers that is listed in this guide (page 23). The Freedom60 pump is one of three infusion pumps that is actually pictured (page 6).
http://www.vivaglobin.com/pdf/VivaAdminGuide.pdf
REPR Earnings due around Oct. 15th on small profitable company without any credit problems......."We believe we are continuing to enhance a new customer base for our products. We have experienced an increase in sales and cash flow during this past year. With these increases and the capital we currently have, we will continue to meet or exceed the company's financial goals. If the sales continue to increase at the current rate, which we feel confident of but cannot assure, we believe we will have sufficient resources to meet our financial obligations for the next twelve months from our cash flow alone". ......................only 14cents a share.http://biz.yahoo.com/e/080613/repr.ob10ksb.html
wow. very nice lowballers. Also REPR getting some action. Is good news due soon?
Thanks for this insight. I am hoping to pick off a few shares of VBDG in the low .20's
well you must be very happy with your purchase price.Oh and yes i have already panicked.
grabbed 3500 @.33 today
new pick fre
WEEEEEEEEEEEE Freddy will fly tomorrow.
If it passes we could bust thru the 3.00 barrier since the odds of this passing both are higher. A/H seems to be sayin the same thing.
So after it passes the Senate tonight what happens tomorrow?Will we see $2.25?
I am in SKF and despite the ban it still looks ready to run. Just peek at the A/H #s.
FACTBOX-Outline of U.S. Congress' draft bailout plan
Sat Sep 27, 2008 1:53pm EDT Email | Print | Share| Reprints | Single Page | Recommend ( Sept 27 (Reuters) - U.S. lawmakers pressed forward on
Saturday with talks over a proposed massive financial system
bailout, hoping to nail down an agreement by Sunday. The Bush administration last week asked Congress to give
the Treasury secretary authority to buy up to $700 billion in
bad assets from banks and other companies in a bid to ease the
most serious U.S. financial crisis since the Great Depression. Following are provisions compromise legislation is expected
to incorporate, based on a draft bill and comments from
lawmakers about the state of negotiations. - The bill would create a Troubled Assets Relief Program
(TARP) to purchase mortgage-related assets originated or issued
on or before March 14, or any assets if needed to promote
financial stability. - $700 billion overall to be authorized in installments of
$250 billion. That could be increased to $350 billion upon
notification to Congress by the president. - Assets could be purchased from any financial institution
having significant operations in the United States. - Government to get warrants for equity in participating
companies as a way of protecting taxpayers and allowing them to
benefit from any profit gains. - Foreclosure mitigation for Americans at risk of losing
home. However, a provision House Democrats had sought to help
save homes in bankruptcy proceedings has been dropped. - Restrictions on executive compensation at companies that
participate. - Incorporates House Republican proposal to allow for
private-sector funded mortgage insurance program as an option
for Treasury secretary. - Financial Stability Oversight Board comprised of the
chairmen of the Federal Reserve, Securities and Exchange
Commission and Federal Deposit Insurance Corp, and two members
appointed by Congress to oversee activities of the program. - Requires a government investigation into causes of
crisis, with report delivered to Congress by June 2009. - Regular and detailed reports on transactions and other
activities under the rescue program. - Establishes a congressional oversight panel that would
also submit a report on regulatory reform no later than Jan.
20, 2009, the date a new president takes office. - Would direct 20 percent of any future profits from the
bailout fund to the Affordable Housing Fund and the Capital
Magnet Fund to meet U.S. housing needs. House Republicans,
however, have made clear they oppose this provision. - Authorizes a temporary money market mutual fund guarantee
program for up to one year. Requires U.S. Treasury to restore
any funds to the Exchange Stabilization Fund that had been used
for that purpose and prohibits their further use. - Requires federal financial regulatory agencies to
cooperate with federal law enforcement to investigate fraud or
misrepresentation with respect to financial products. - Investors who sold preferred stock in mortgage finance
giants Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), between Jan.
1, 2008, and before Sept. 7, 2008, to pay higher ordinary
income taxes on any gains rather than the lower capital gains
tax. The government announced the seizure of Fannie Mae and
Freddie Mac on Sept. 7.
(Compiled by Reuters' Washington bureau, editing by Patricia
Zengerle)
http://www.reuters.com/article/marketsNews/idINN2732937820080927?rpc=44
I think i might have picked up the cheapest shares of the day so far @1.31
Who knows.If it happens I may have to back up the truck.
Gladly. the more the price drops the bigger discount I get as I accumulated shares. Lower prices means more stock ownership which will mean better LT returns down the road.
Down baby down.Papa wants to buy more.
Could be a good time to get some cheap shares. Buy the fear.
Some kind of deal will likely go thru.But all congressmen are more interested in THIER pocketbook not getting hurt since they have all the bucks. Many want to put up a good front and say things like "but the taxpayer might get hurt" aka thier voters.This makes them look good. But in the end they will pass some kind of financial package. FRE and for that matter FNM could soar. But with these price swings you got to have the nads to hold on.
NEOM.......Weeeeeeeeeeeeeeeeeee