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They have been building a new store in my area for months now and I found that amazing to see. CCTYQ very poorly managed imo. Maybe there is a dead cat bounce or a squeeze mixed in here as they liquidate assets?
CPHD up to $8.18 now
CPHD up to $8.18 now
Hope all is good J.
Looking forward to it mick.
That's also what HILL is thinking while bidding at .091 GTC
zzzz , what ? zzz , huh ? I understand, thanks for the heads up :)
Too bad the DOW did not think like that. lol
NCEN 2.01 + .51
Tell that to the government.
I would look into it as , " What will be priority ? "
- saving the economy ( bailouts )
- the oil crisis with alternative energies ( wind , solar )
- healthcare and the industry ( benefits, research )
- maybe even throw a little war on terrorism into the mix
jmo
YAK, have you read this interesting article on Lennar ?
The Opportunity the Latest Housing Crime Offers
by: Matt McAbby January 14, 2009
http://seekingalpha.com/article/114753-the-opportunity-the-latest-housing-crime-offers
This For those who follow the financial news, these days of bankruptcies, suicides, foreclosures and Ponzi schemes may have inured you to an item appearing Friday that may bear further scrutiny.
How’s this for the makings of an intrigue: a convicted con-man become Christian Minister accuses homebuilding giant, Lennar Corp. (LEN), of fraud – something he has a modicum of experience in, having served seven years of a 25 year sentence for the same before being paroled.
Lennar then returns fire by saying (among other things):
Today convicted felon Barry Minkow, acting as an agent for a disgruntled litigant, Nicolas Marsch III, posted false and inflammatory accusations concerning Lennar. Marsch's civil litigation against Lennar was just dismissed by a California Superior Court judge. This Internet posting was hurriedly made only after evidence surfaced this week in litigation that Marsch and Minkow may have attempted to illegally obtain information relating to Marsch's legal proceedings against Lennar. Lennar continues to investigate acts of wrongdoing by Marsch and Minkow.
Oooooowwwweeee!
But in the meantime, an unbelievable number of put options traded in Lennar Corp. late last week – more than 64,000 on Friday alone, when the stock fell 20%. Reports from the Wall Street Journal confirm the stock bottomed at $8.23 (before recovering to $9.15), after Minkow’s Fraud Discovery Institute accused Lennar of running a Ponzi scheme. Meanwhile, reports the Journal, “unusual put activity started to appear in the last couple of days on Lennar and several other homebuilders.” (Underline mine.)
So what does it mean?
First, note the timing of the events:
First, the action in the puts – several days before the alleged “news” was broken.
Then the accusation by Minkow on Friday morning at the open.
Then the stock bottoming, while
Investors poured in with massive put buying for the rest of the day.
And finally, the expected denunciations of Minkow and associates as mischief-making clowns.
From this we can only conclude one of the following:
Either Minkow and buddies have gone back to their devious ways, buying puts in Lennar and then foisting their “news” on a greedy, leverage-drunk public before cashing out, or
Others with inside knowledge of the company started to buy puts when misdeeds began to surface and the possibility of a quick trade looked inevitable, or
Both. That is, Lennar is in cahoots with Minkow and company in a scam to profit from news of a “scandal” at a time when markets are salivating for opportunities to go full throttle short on the weariest sectors.
We’re not for conspiracies…
Does it help Lennar to have the cover of a distrusted felon turned Preacher – along with his aptly named Fraud Discovery Institute – drive down prices before everyone drops the story and goes home? Does it help to perpetrate a scam like this before the new administration’s SEC Chair takes over and starts implementing a new enforcement regime? Are Minkow’s bona fides just weak enough to let the story pass under the radar at this critical juncture?
We hate to engage in the name-calling and conspiracizing that litters so much of the web, but this looked a little too cheeky to us. And considering the cast of characters involved, and the timing of events, the smell emanating from Lennar put activity is downright fishy.
Make up your own mind, but in the meantime avoid shares of Lennar for better chances in the other homebuilders.
Across the Border and Into the Mall
The homebuilders and general Real Estate market was in our sights this fall when we recommended a homebuilding ETF and Pulte Homes (PHM) to our subscribers, and we reiterate both those items as buys today. The yield on the ETF has contracted somewhat, but there are still good and safe payouts to be found in another far-flung corner of the Real Estate world – indeed, one doesn’t even have to travel that far to find them.
Canadian Real Estate Investment Trusts ((REITs)) got slammed when their American counterparts were beheaded, and real estate from Miami to Madrid began circling the drain. The chart below compares U.S. and Canadian REITs over the last five years.
Yet in the case of Canada, there appears little reason for such a deep selloff to occur.
The Canadian economy may be the healthiest of the G-7 nations at the moment; certainly, recent strength in the Canadian dollar attests to this. A resource based economy at its core, Canada has profited tremendously from the commodity bull market that began at the turn of this century. And the IMF predicts Canada will lead the world’s biggest economies in growth in 2009, and may be the only advanced economy not to experience a recession.
Why Canadian REITs now?
That said, Canadian REITs also have an advantage over their American counterparts: structurally, they don’t carry the leverage that American REITs do. They’re also being bought up by insiders at an incredibly rapid rate – particularly the biggest operators, RioCAN REIT (RIOCF.PK) and Calloway REIT (CWYUF.PK). It hasn’t escaped executives in these two outfits that their companies were unnecessarily thrown out with the bath water.
Either of these companies are offering juicy yields (RioCAN – 9.58% and Calloway – 13.64%), but there may be a better bet than either at present.
The iShares Canadian S&P/TSX Capped REIT Index Fund [XRE:TSX] now yields a beautiful 14.46% and is trading at $8.27 Canadian. Even with the exchange rate risk you’re more than amply compensated for owning this one – and you have professional management and a diversified portfolio to boot.
As Bill Gross head of the world’s biggest bond fund said recently:
Shake hands with the government; make them your partner by acknowledging that their checkbook represents the largest and most potent source of buying power in 2009 and beyond. Anticipate, then buy what they buy, only do it first.
The fix is in, folks. Real Estate can’t fail.
Residual Income Report recommends immediate purchase of [XRE:TSX] at $8.27 Canadian.
‘Cause this ain’t no Ponzi Scheme!
That sounds about right mick.
Need to have them " On radar " in order to even see them :)
So far, we are on the money ... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34815057
CPHD 8.00 , gained over $1 in 2 days.
CPHD 7.98 getting a little higher now ...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34832667
HWBI level 2 :
HWBI level 2 :
Accumulation distribution lines have been uptrending, the same with HWBI.
ut .0025 x .0027
HWBI chart :
Chart ;
HWBI is headed into a new direction ?
Apparently they plan on building on approx. 139 acres of land. If the housing market starts turning up, some big boards stocks and FCNR on the otcbb could be exciting plays. ( approx. 22 M float )
Why We Love Wild Penny Stocks
http://www.fool.com/investing/small-cap/2009/01/13/why-we-love-wild-penny-stocks.aspx
Tim Hanson and Brian Richards
January 13, 2009
Penny stocks have huge potential -- that's their blessing and their curse.
The potential rewards are enormous. In fact, a few pennies have impressively bucked the bear market trend lately. Since Oct. 1, about the time of the market meltdown, NexMed (Nasdaq: NEXM) and Northfield Laboratory (Nasdaq: NFLD) were each up more than 60%!
Those quick jumps look like easy gains, considering that Visa (NYSE: V) and Lockheed Martin (NYSE: LMT) would need to add more than $30 to their share prices to do the same.
Everybody loves pennies
It's the potential of quick gains in "cheap" stocks that keeps investors coming back. We typed "penny stocks" into Google, and the search engine spat out "about 2,180,000" hits. We did the same for more time-tested terms such as "blue-chip stocks" and "dividend stocks" -- the terms folks should be searching for in a bear market like this -- and got just 363,000 and 594,000 hits, respectively.
Sure, we expected a discrepancy, but the size of the gap was startling. It became even more interesting when we broke down those hits with Google Trends. According to Trends, penny stocks are particularly alluring to investors in Tampa, Miami, and Orlando -- the locales where the term is most often searched.
We hope the folks Googling "penny stocks" down there aren't retirees trying to cope with this crazy, crazy market.
This stock is set to take off! Or not.
According to the Securities and Exchange Commission, the term "penny stock" generally refers to low-priced (below $5), speculative securities of very small companies. To quote the SEC: "Investors in penny stocks should be prepared for the possibility that they may lose their whole investment." (It's worth noting that the emphasis in that last sentence is in the original.)
Pay attention to the SEC's entire definition, not just the stock price. Going solely on price would wrongly categorize billion-dollar companies such as Sprint Nextel (NYSE: S) and Ivanhoe Mines (NYSE: IVN) as penny stocks.
Regardless, the SEC is spot-on when it says that true penny stocks are among the surest ways to lose money in the stock market.
Well, then, why do we love penny stocks?
We love penny stocks because they're fascinating. The world of pennies is inhabited by hardworking average Joes and Janes hoping to strike it rich, as well as by pumpers and dumpers, hypesters, and scammers. In pennies, the logic and reason that applies in the rest of daily life is replaced by zeal and prayer.
However, we don't love them enough to actually buy them. Yes, they have big potential, but their daily gyrations are unpredictable -- the stock-price movements have next to nothing to do with the underlying company the stock represents. In fact, trading in pennies is highly illiquid, and prices are often manipulated by forces not at all related to the business.
The dangers of incredible promises
If you're buying stocks without paying attention to the businesses you're buying, then you might as well be buying a lottery ticket. Or, to use another analogy, you might as well buy up every baseball card of a benchwarmer on the Akron Aeros Class AA baseball team and hope that he someday rises up, fulfills his potential, and becomes an all-star for the big-league Cleveland Indians.
There's a better way
Before you start saying the rest of the stock market is boring -- though you're probably not saying that any longer -- let us introduce you to some underfollowed small caps. They're nothing like penny stocks, yet they still offer some of the best returns on the market. Unlike penny stocks, promising small caps:
File reliable financial statements.
Are transparent.
Have conference calls that individual investors can listen to.
Don't simply hype their stock in press releases.
That's a starting point. There are more -- and more important -- criteria to help you find great small-cap companies. Our team at Motley Fool Hidden Gems, for instance, looks for a balance sheet with lots of cash and no debt, and a tenured CEO (or founder, if possible) who holds a substantial ownership stake in the business. In other words, we're looking for big returns with good old-fashioned bottom-up analysis.
You can view the 50-plus small caps our team has already found with a free 30-day trial. There's no obligation to subscribe, and we particularly recommend it for the penny-stock-o-philes reading in Florida. You know who you are.
This article was originally published July 27, 2006. It has been updated.
Tim Hanson and Brian Richards disagree about whether the U.S. Treasury should do away with the penny ... but the Treasury is probably busy with other issues right now. Neither owns shares of any company mentioned. Google is a Motley Fool Rule Breakers recommendation. Sprint Nextel is an Inside Value selection. The Fool's disclosure policy is finger-lickin' good.
--------------------------------------------------------------------------------
Why We Love Wild Penny Stocks
http://www.fool.com/investing/small-cap/2009/01/13/why-we-love-wild-penny-stocks.aspx
Tim Hanson and Brian Richards
January 13, 2009
Penny stocks have huge potential -- that's their blessing and their curse.
The potential rewards are enormous. In fact, a few pennies have impressively bucked the bear market trend lately. Since Oct. 1, about the time of the market meltdown, NexMed (Nasdaq: NEXM) and Northfield Laboratory (Nasdaq: NFLD) were each up more than 60%!
Those quick jumps look like easy gains, considering that Visa (NYSE: V) and Lockheed Martin (NYSE: LMT) would need to add more than $30 to their share prices to do the same.
Everybody loves pennies
It's the potential of quick gains in "cheap" stocks that keeps investors coming back. We typed "penny stocks" into Google, and the search engine spat out "about 2,180,000" hits. We did the same for more time-tested terms such as "blue-chip stocks" and "dividend stocks" -- the terms folks should be searching for in a bear market like this -- and got just 363,000 and 594,000 hits, respectively.
Sure, we expected a discrepancy, but the size of the gap was startling. It became even more interesting when we broke down those hits with Google Trends. According to Trends, penny stocks are particularly alluring to investors in Tampa, Miami, and Orlando -- the locales where the term is most often searched.
We hope the folks Googling "penny stocks" down there aren't retirees trying to cope with this crazy, crazy market.
This stock is set to take off! Or not.
According to the Securities and Exchange Commission, the term "penny stock" generally refers to low-priced (below $5), speculative securities of very small companies. To quote the SEC: "Investors in penny stocks should be prepared for the possibility that they may lose their whole investment." (It's worth noting that the emphasis in that last sentence is in the original.)
Pay attention to the SEC's entire definition, not just the stock price. Going solely on price would wrongly categorize billion-dollar companies such as Sprint Nextel (NYSE: S) and Ivanhoe Mines (NYSE: IVN) as penny stocks.
Regardless, the SEC is spot-on when it says that true penny stocks are among the surest ways to lose money in the stock market.
Well, then, why do we love penny stocks?
We love penny stocks because they're fascinating. The world of pennies is inhabited by hardworking average Joes and Janes hoping to strike it rich, as well as by pumpers and dumpers, hypesters, and scammers. In pennies, the logic and reason that applies in the rest of daily life is replaced by zeal and prayer.
However, we don't love them enough to actually buy them. Yes, they have big potential, but their daily gyrations are unpredictable -- the stock-price movements have next to nothing to do with the underlying company the stock represents. In fact, trading in pennies is highly illiquid, and prices are often manipulated by forces not at all related to the business.
The dangers of incredible promises
If you're buying stocks without paying attention to the businesses you're buying, then you might as well be buying a lottery ticket. Or, to use another analogy, you might as well buy up every baseball card of a benchwarmer on the Akron Aeros Class AA baseball team and hope that he someday rises up, fulfills his potential, and becomes an all-star for the big-league Cleveland Indians.
There's a better way
Before you start saying the rest of the stock market is boring -- though you're probably not saying that any longer -- let us introduce you to some underfollowed small caps. They're nothing like penny stocks, yet they still offer some of the best returns on the market. Unlike penny stocks, promising small caps:
File reliable financial statements.
Are transparent.
Have conference calls that individual investors can listen to.
Don't simply hype their stock in press releases.
That's a starting point. There are more -- and more important -- criteria to help you find great small-cap companies. Our team at Motley Fool Hidden Gems, for instance, looks for a balance sheet with lots of cash and no debt, and a tenured CEO (or founder, if possible) who holds a substantial ownership stake in the business. In other words, we're looking for big returns with good old-fashioned bottom-up analysis.
You can view the 50-plus small caps our team has already found with a free 30-day trial. There's no obligation to subscribe, and we particularly recommend it for the penny-stock-o-philes reading in Florida. You know who you are.
This article was originally published July 27, 2006. It has been updated.
Tim Hanson and Brian Richards disagree about whether the U.S. Treasury should do away with the penny ... but the Treasury is probably busy with other issues right now. Neither owns shares of any company mentioned. Google is a Motley Fool Rule Breakers recommendation. Sprint Nextel is an Inside Value selection. The Fool's disclosure policy is finger-lickin' good.
--------------------------------------------------------------------------------
You are too much of a lady for that :)
A minimal gain at this point. What's new over here ?
That's what I was told after the fact. I know you are not offended :)
It fell under 8000 today and turned up into the close.
Extra butter :)
Upticking 1.13 x 1.14. Over a short period, it's usually good for a move closer to $1.50
CPHD 6.96 reversal on watch ,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34832667
EARNINGS tomorrow ...
Before the open
Company Actual Estimate Year Ago
Earnings Yr/Yr Rev
PPG Industries PPG -- 0.4 1.18 --
Johnson Controls JCI -- 0.01 0.39 --
First Horizon FHN -- -0.34 -1.97 --
Citigroup C -- -1.19 -1.99 --
Charles Schwab SCHW -- 0.26 0.26 --
Amcol ACO -- 0.28 0.35 --
* None during or after market hours