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Waitedg: It would be good if everyone here can simply exchange their findings and post some DD to illustrate any conclusions that may be made regarding any stocks or investments. I hope there will not be anything of a personal nature that will distract from the purpose of the thread. Everyone here has something of value to offer, and if put in context of fundamentals, T/A, etc. then everyone can make their own decisions on whether they do or do not want to invest in any particular stock. Not everyone is going to agree on everything posted here, but that is the way of the world and we are all in it together and all come from different experiences, which in the end sometimes affect our decisions. As Seinfeld would say, "Not there is anything wrong with that..." I like to hear different views if presented in a professional manner or some DD, like that which was posted on ZENX today by jonesie and was a tremendous help for me. So, just my two cents worth... Let's make money!
Thanks. I wish I could be that technical. I appreciate this. I'll copy and study it. I had a feeling with that RSI up so high here that it may take a breather. However, on the other hand, this one has been very underpriced, IMO. Also, I heard from someone that they have bid on a $100 million government contract which will be let in June, so that could be the reason for the recent interest in it and the increased volume.
Thought I would post this chart, etc. on ZENX and maybe get a little feedback here on your thoughts. It has been running for a good bit here, so not sure if that RSI is going to give it a little breather in here soon. The concrete company they acquired should become accretive this year and will make a difference in their revenues. Great cash flow.
http://finance.yahoo.com/q/bc?s=ZENX.OB&t=5d
ZENX: Continues to rock 'n roll...
VRDM.OB: Bot some of this one for an ethanol play
ZENX: Anyone here ever get into this one? I had posted it here over time a few times. It was .90 just two days ago, and has been on a tear, especially today.
I meant to put in this link,but you probably figured it out already: http://biz.yahoo.com/iw/060410/0122429.html
Northgate news: http://finance.yahoo.com/q/ecn?s=NXG&book
What is the symbol for Platinum warrants please?
Some ZENX news: http://tinyurl.com/ndu3n
Doubloon: Apparently the 80 percent has to come fro Platinum...
Doesn't management own 80 percent of the stock?
I'm wondering the same thing. I hope someone can find out. I will be sick if it did fall through.
MNCL: Bot a few of this one. Looks like it could have some legs.
http://finance.yahoo.com/q?s=MNCL.PK
MDII: http://biz.yahoo.com/bw/060329/20060329005684.html?.v=1
Looking good lately.
Google Finance: http://finance.google.com/finance
TGC: Nice report today folks: http://tinyurl.com/fare2
Affecting markets across the board: http://biz.yahoo.com/ap/060320/wall_street.html?.v=8
No. This is a long. I think the prospects are limitless if it continues along this path. It looks pretty good right now as far as the trials.
Get in with both hands IMO... Been waiting for this for a while.
Naked Shorter Pays Up: http://www.thestreet.com/_tsctten/stocks/brokerages/10273590.html
I notice one of the stocks was GNBT...
NNVC and MDII are two others that are looking pretty good right now.
The chart shows no resistance until $3.15
I have GNBT and Star also has GNBT.
FDEG doing very well. I got in a while ago at .085, but I think this is still going to run a lot more:
http://biz.yahoo.com/pz/060315/95721.html
FDRA: all time high at close.
FDRA still going...
Thanks. Much appreciated.
FDRA: Here's the White Paper on FDRA for any who have interest. If anyone has purchased it after I pointed it out, I would love to know...
http://www.foldera.com/sharedspaceswhitepaper.pdf
USXP: Traded it after one day. Nice little profit. Sold too soon this morning, or would have had a triple. Will watch it in the a.m. and see if it does its usual ramp.
CNES: Huge volume on this little one. Saw no news on it, but it has the mo-mo right now. It started up in the afternoon late, so may just show some action at the open
Both are pennies... I said no more, but here I am again. One good thing...I finally made some money on one. However, the broker is charging me an arm and a leg to buy the shares. Where can I get them at a decent commission?
SUWN: Posting now b/c I just bot this one. For better or for worse.
Another view:
Another article...different opinion...
Published on 24 Feb 2006 by European Tribune. Archived on 26 Feb 2006.
Let me kill off once and for all the Iranian oil bourse story
by Jerome a Paris
RELATED NEWS:
How to deceive friends and influence people: Oil crisis lies...
The Proposed Iranian Oil Bourse...
Trading oil in euros – does it matter?...
Politics & energy - Feb 25...
The US military oil consumption...
Crazy scenarios involving Iran's purported attempts to create an oil
bourse to start selling oil in euros make the rounds regularly, and
even get recommended with alacrity on DKos.
These things WILL NOT HAPPEN, and we have, as a supposedly reality-
based community, to focus on real issues and not imaginary ones.
So let me explain why an Iranian oil bourse will not work for the
foreseeable future. I hope that this diary can be used as a handy
reference when this crops up again in the future.
Here are some basic facts about what a "bourse" is:
it's a place for sellers and buyers for a given product to meet. So,
as a seller, you want a place where buyers come and, as a buyer, you
want a place where sellers come. It's a meeting point.
A meeting point is a form of conventional information, and one that
is highly stable once established. People come to the market because
they know that others will be there as well, and these are there for
the same reason.
Once players have agreed to come to one place, it is simpler to come
to that place than to try and organise a new place, which everybody
must agree to and which all occasional players need to be informed
of. Just like DKos is now THE main meeting place for the
progressives, the existing oil bourses have an massive advantage over
any new one in that they already exist. London has remained the main
trading place for a surprising number of commodities despite the
British Empire being long gone and the US having replaced it as the
largest economy - simply because the infrastructure was there, and
the people with the competences to play there were still around.
Windows is unassailable on desktops despite being obviously inferior
in quality to some alternatives, simply because there is a real
advantage for everybody to use a common standard, even if it
imperfect. A bourse is a standard on where and how to trade.
There is no compelling reason to move from London or New-York to Iran
to trade oil. Iran only has 5% of world production and is in no
position to impose anything. Network effects paly massively against a
switch.
it's a place that allows a price to be set for the transaction. That
means that you want many buyers if you're a seller, and many sellers,
if you are a buyer. It provides liquidity.
This is linked to the above point: liquidity exists when you have a
deep market, i.e. many buyers and many sellers. That comes from
having a place where everybody comes, and a place that everybody
trusts because it works. "Don't fix it if it ain't broke" applies
here. Again, this is a compelling argument against Iran. Iran can
potentially act as a seller, but would will ensure that there are
buyers on that particular market?
the other item related to price is that a bourse needs to provide a
single price to act as a universal reference for everybody - a market
standard, both in terms of the quality of the product, and the
currency it is expressed in. This allows for historical data to be
expressed consistently, and for market players to have useful
references and background to do their trades.
For oil, that currency is and has always been dollar, as a widely
stable, universally accepted monetary unit. There is no market and no
liquidity in any other currency. It is at least conceivable that the
euro could be used as it is similarly stable and acceptable to all,
but it has no history as an oil trading currency, and thus market
players would naturally convert any price in euro into a price in
dollars to see what it means (try switching from degrees Celsius to
Farhenheit or from centimeters to inches to know why this matters).
Again, there would need to be an overwhelming reason to force all
market players to make the switch (and to do it all at the same
time), which Iran does not provide.
a bourse is a place that provides security for the transactions.
Buyers know that they will get their purchase delivered, and sellers
know that they will get paid in a timely fashion. It provides
clearing mechanisms.
Do you expect other producers to rely on Iran to ensure timely
payment of their sales? Do you intent to rely on Iran, an untested
bourse, to be responsible for delivery by other parties?
it's a place that provides rules and enforcement of these rules for
the proper functioning of the market, i.e all the above: who can
participate, how prices are formed, how the clearing is organised,
and how disputes are settled. It needs to be a neutral arbiter,
uninvolved in the actual trading.
Again, this plays against Iran, who is too small a player to impose
rules to all, but too big to be seen as a neutral player by other
sellers. And do you really want to take the risk that the religious
authorities in the background or any other Iranian politician come
and start meddling with the ongoing trades?
as rules will ultimately be set by public authorities overseeing the
bourse, and disputes will ultimately be decided by courts of that
place, it needs a consistent regulatory and legal framework.
There's a reason why most commodity bourses are in Western countries.
They provide the rule of law, a predictable set of rules, and a
capacity to enforce these rules in an effective and market-neutral
way. and they have a long track record of doing so. Iran? Not so much.
in today's world, a bourse is essentially a big IT operation, with
systems able to provide complete market information to all
participants in real times, treat operations as they are decided, and
provide an unambiguous audit trail to all interested parties to a
transaction.
Again, that requires a lot of specialised competences on the ground:
programmers, developpers, consultants to install them, the specialist
hardware providers, etc... all people that need some (or a lot) of
understanding of what's going on in the market. That's highly
specialised knowledge, which is, naturally concentrated in the few
places that carry bourses, i.e. a few large cities in the West. Iran
will be hard pressed to attract such people to Tehran or thereabouts.
finally, the oil bourse is only a small part of the trading that goes
on around oil. Most of what takes place are financial transactions:
spot sales, forward sales, swaps, various hedging instruments, short
term financing, long term financings. All these transactions rely on
the underlying oil market, and significantly expand it. If you take
out the oil market, or change its rules, standards, references,
clearing mechanisms and enforcers, you kill the associated financial
markets, which are vital to the world economy and underpin a large
chunk of our industrial activity and energy needs.
Do you really expect the financial markets to move to Tehran, which
has neither the infrastructure, the competences, the legal framework
or the stability to host them? Even a switch to the euro would need a
massive reorganisation of the financial markets, which are
exclusively geared to dollar transactions. This only amplifies the
arguments made above about the sole oil market with respect to
liquidity, standards and the like. And the legal and regulatory
questions are even more important. Do you really want billions of
euros of daily financial flows to be ultimately controlled by the
Iranian Central Bank? It would basically take the outright
destruction of the existing markets to provide any incentive to try
to rebuild them differently, and Tehran would not be their first pick
to do it...
:: ::
So, say that Iran decides to sell its oil in euros. Fine. Both the
Iranians and their clients will determine the price for the
transaction in dollars, on one of the established markets, and will
trade these dollars for euros for the actual payment operation. It
will give banks active on the forex markets a little bit of income,
but will change nothing to how oil is traded.
If they open a bourse, who will come? The answer is, no one, unless
it is nothing more than the new place to buy oil from them and the
transaction, whether in euros or in any other currency, will be
negotiated in dollars, using existing market standards expressed in
dollars, because there is no way that anybody will be able to express
and clear the transaction in any other way.
:: ::
So please, let's stop the fantasies, or the conspiracy theories about
a switch to euros or a new bourse. If any transaction, whether by
Saddam, the Iranians or anyone else is expressed in euros, it is
purely cosmetic. The underlying market is in dollars, and will remain
that way.
FDRA: A little pullback here. With this low float, usually pops after a pullback. FWIW.
Well, I just discovered there are private emails which have been sent to me which I just accidentally discovered. Not sure how I got there. I am very sorry that I never saw any of them in all this time. I apologize for your thinking I was ignoring your questions, etc. In fact, I never knew I had all those private emails. I will now make it a point to check my Mailbox regularly. Again, I apologize. I wasn't ignoring anyone, but feel bad that I didn't see them to respond. If I don't respond to one in the future or I have information that you PM'd me, please just say "You have a PM", and that will remind me to go look.
D.
Just hope it isn't halted with this ramp in activity.
No, but I heard of non-invasive mammogram stock. Might be this. Seems I got something on it last week sometime. Thanks.
I have been doing a little investigation of my own this weekend. Will probably make my way out on Monday.
Well, I'm still holding USXP here. I'm about flat on it now, so will just have to see what it does next week. Been reading up some on it. Looks like they are trying to work something out with airlines to where they can pick up passengers' luggage at their homes and get it right to the door of their destinations before they arrive. That way they can avoid all the problems of searches, lost luggage, wands by inspectors, etc. The White Paper states that it costs an airline about $172 for each piece of luggage lost, and they lost thousands of pieces of luggage in 2005 alone. This could very well catch on. I know this is a penny and I normally hate them, but this one really does sound like there may be some serious implications re airlines and government agencies promoting this for lots of reasons. In the long run, it will save a lot of money.