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MARKET REPORT
************************************
Tech stocks staged a rally on the last day of October that was anything but
scary.
Driven higher by the end of tax-loss selling by mutual-fund managers and
benign economic news, stocks scared up some pretty significant advances.
Small cap stocks joined the party and headed higher, as the bellwether
Russell 2000 Index surged 11.26 points, or 2.3%, to 493.98. The S&P Small
Cap 600 added 6.86, or 3.3%, to 215.43. The Wilshire 1750 gained 21.53, or
2.7%, to 827.37.
The Nasdaq Composite Index continued to bolt ahead, advancing 160.58, or
5%, to 3351.98, while the Philadelphia Semiconductor Index of large cap
stocks rumbled up 34.67, or 4.9%, to 737.70.
"For the first time, you have all the indexes up at the same time," said
Kenneth Sheinberg, head of listed trading at Brean Murray & Co.
"It was time for the market to go up," Sheinberg said. "There has been a
lot of pessimism out there. But the market recently has acted very well
now the tech sector is catching up to where the Dow had been trading.
"It will probably continues this way for the next couple of days,"
Sheinberg added.
The tech-sector bullishness pointed to renewed investor confidence within
the sector, as well as some bargain hunting. It was a broad-based rally
that saw issues as divergent as consumer goods and semiconductors gain.
"The tech sector has gotten too beat up," said Howard Penney, small cap
strategist at Morgan Stanley Dean Witter. "We've seen a huge correction in
earnings and earnings growth stocks reflected it."
Penney noted telecommunications stocks were particularly affected by the
strength in the tech sector.
"If you look at what SBC Communications Inc. (NYSE: SBC) is saying today
about DSL deployment, the biggest concern is the telecom market," Penney noted.
SBC said Monday it made an investment in General Bandwidth Inc. to offer
voice over broadband connections a boon to digital-subscriber-line
service, which is sold at a premium to existing phone service.
"Some of the DSL companies look interesting," Penny added, pointing to such
small caps as Efficient Networks Inc. (NASDAQ: EFNT) and Illuminet Holdings
Inc. (NASDAQ: ILUM). "These telecom-service companies that have gotten
killed probably should be bought."
Blue chips early on lagged behind their smaller counterparts, in reaction
to assorted economic data. But by midday, the wavering Dow Jones Industrial
Average found its footing and pushed higher toward the 11,000 level.
At 4 p.m. ET the Dow had gained 133.10 points, or 1.2%, to 10,968.87. The
broader S&P 500 gathered 28.44, or 2%, to1427.10.
Part of the Dow's ambivalence was due to the economic news, especially the
Conference Board report that showed consumer confidence, a measure of
Americans' faith in the U.S. economy, shrunk nearly 10 points in October to
130.5. Consensus estimates had called for the figure to ring in at 140.
September's measure was revised upward to 142.5.
Another report showed Midwest manufacturing in contraction. The Chicago
Purchasing Managers Index declined to 48.7, lower than analysts'
expectations of 51%, showing further reduction in factory output in that
region. The National Association of Purchasing Managers in Chicago, which
puts together the report, also revised September's measure upward to 51.4%,
compared with a previously reported 49.5%, pointing to expansion rather
than contraction in Midwest manufacturing last month.
The Census Bureau reported new-homes sales rose by 80,000 in September to
an annual rate of 946,000, buoyed by low mortgage rates. The increase far
surpassed analysts' expectations of 900,000 and was higher than August's
revised 866,000.
In Canadian trading, the Toronto Stock Exchange reversed its three-day
losing streak to add 386.50, or 4.2%, to 9639.60. The Canadian Venture
Exchange wavered in afternoon trading and ended higher by just 0.68 points
to 3239.77.
In currency markets, the Canadian dollar advanced 0.6% to US$0.6574 from
US$0.6532, while the euro brightened to US$0.8492.
In commodities news, December crude oil futures lost 12 cents, or 0.4%, to
$32.69, while December natural gas futures advanced a penny to $4.50, up
0.2%. December gold lost 80 cents, or 0.3%, to $266.60.
Economic news will continue to play a larger part in the markets this week,
as a bevy of important data makes its way out of Washington. Moreover, as
earnings releases wind down and tax-loss selling comes to an end, economic
news will play a larger part in market activity than it has since early
September.
Later in the week, look for important numbers on construction spending,
leading economic indicators and the big unemployment number due from the
Labor Department on Friday.
Re VDOT:
http://biz.yahoo.com/bw/001031/ca_virtual.html
The dike is getting leaky. People will start to buy now instead of when they could have gotten it for .60 to .65. I'll never understand it.
Also note that since the lawsuit PR which got plastered on every freaking RB board and stock message board on the WWW VDOT is under just a tad more scrutiny than it was before.
This PR may raise more questions than it answers but it also may cause a few people to place their bets as it were.
Nice gain:
http://quote.yahoo.com/q?s=MHTX.OB&d=t
http://quote.yahoo.com/q?s=ERTH&d=t
http://quote.yahoo.com/q?s=BMRA&d=t
VDOT and PNLK 12 and 13 today...hmmmmm....I'm going to crack this algorythm yet...
MARKET REPORT
************************************
Tech stocks slumped on a day that saw old-economy stocks bolt forward,
sending the Dow industrials higher by nearly 250 points.
The enthusiasm carried over to small cap stocks, pushing the bellwether
Russell 2000 Index up 2.88 points, or 0.6%, to 482.73. The S&P 600 gained
1.05, or 0.5%, to 208.57. The Wilshire Small Cap 1750 reversed it losses
and headed higher, surging 3.52, or 0.4%, to 805.84.
Blue chips advanced smartly, with the Dow industrials adding 245.15 or
2.3%, to 10835.77, while the broader S&P 500 gained 19.07 points, or 1.4%,
to 1398.65.
Tech issues fell on the back of Cisco Systems Inc. (NASDAQ: CSCO), which
shed 5.2% for the session, after Lehman Brothers cut its price target on
the computer networker to $60 a share from $90.
The Nasdaq Composite Index, of which Cisco is a major component, slipped
87.01, or 2.7%, to 3191.35, while the Philadelphia Semiconductor Index of
large cap stocks advanced 17.43, or 2.5%, to 703.03 in a choppy day of trading.
Cisco's woes rubbed off on small cap computer stocks, pushing issues such
as Universal Display Corp. (NASDAQ: PANL) and Aperian Inc. (NASDAQ: NYFX)
lower. Both fell 4.8% in midday trading.
Investors bought anything that wasn't technology, said Annette Geddes,
managing director, MD Sass Investors Services. She noted that selling of
tech stocks will probably continue through Tuesday the last day of
October as mutual-fund managers sell off losing stocks to balance their
portfolios.
"From a technical-analysis perspective there has been so much damage done
to tech stocks that until it is repaired, those investments are dead
money," Geddes said.
Financial stocks performed well, moving higher on data out of Washington
this morning, which further affirmed that the U.S. economy is in for a soft
landing, and consumers are still spending.
Still, other analysts pointed to a shift in investor psychology not the
usual suspects of earnings woes or tax-loss selling as a cause for the
sell-off in tech issues.
"The thrill represented by technology is gone," said Larry Wachtel, market
analyst for Prudential Securities Inc. "It is a more conservative market
that you're seeing here."
"If you look at the Dow, you see stocks such as Alcoa Inc. (NYSE: AA),
Caterpillar Inc. (NYSE: CAT), Home Depot Inc. (NYSE: HD) and International
Paper Inc. (NYSE: IP) tried and true blue chips that have no exotic look
to them but where the fundamentals are sustainable," Wachtel said.
Investors are turning "back-to-basics as represented by the cyclical
companies, the ten-multiples and the stuff that rusts in the sun," he added.
In economic news, the Commerce Department reported this morning that
personal income in September grew 1.1%, and consumer spending rose 0.8%.
Analysts had expected both figures to rise 0.6% for the month. The report
showed that despite a rise in energy prices and fears of inflation,
consumers are still bullish on the U.S. economy and are willing to spend.
In Canadian trading, the Toronto Stock Exchange continued to head lower
adding to last week's over 1,000-point loss. In Monday trading, the TSE
retreated 68.80, or 0.7%, to 9253.10.
The Canadian Venture Exchange reversed earlier gains and slipped 20.70
points, or 0.6%, to 3239.08. In the currency markets, the Canadian dollar
slipped 0.3% to US$0.6532 from US$0.6550, while the euro dimmed to US$0.8409.
In commodities news, December crude oil futures gained just a penny to
$32.75, after oil-producing countries agreed to increase oil production by
500,000 barrels a day.
December natural gas futures slumped 16 cents to $4.50, off 3.4%, while
December gold remained unchanged at $265.90.
NASDAQ / OTC
*********************
Symbol Volume Close Change %Gain Company Name
AFBR 200 1.13 0.50 80.00 Asia Fiber Holdings Ltd.
INDX 33000 0.44 0.19 76.00 Indo-Pacific Energy Ltd.
CNXX 87700 3.38 1.25 58.82 Centraxx Inc.
EATC 124400 1.56 0.56 56.20 Eagletech Communications Inc.
NSTH 3500 0.88 0.31 55.69 Newstate Holdings Inc.
AMEX
*********************
Symbol Volume Close Change %Gain Company Name
HNV 379600 0.56 0.25 79.87 Hanover Direct Inc.
GCR 671400 2.00 0.56 39.08 Gaylord Container Corporation
APT 84800 1.31 0.31 31.30 Starwood Financial Trust
AEN 86800 2.13 0.44 25.89 AMC Entertainment Inc.
AZC 212400 1.06 0.19 21.49 Azco Mining Inc.
NASDAQ / OTC
*********************
Symbol Volume Close Change %Loss Company Name
GSTRF 23396400 2.38 -3.63 -60.42 Globalstar
Telecommunications
QLNX 406500 2.94 -3.63 -55.23 N/A
NTWO 315600 0.69 -0.37 -35.28 N2H2, Inc.
GNTI 125100 1.28 -0.69 -34.94 Gentia Software Plc
EEGL 390600 2.53 -1.25 -33.06 Eagle Supply Group Inc.
AMEX
*********************
Symbol Volume Close Change %Loss Company Name
NMN 11200 1.19 -0.31 -20.80 Nematron Corporation
TTV 5000 3.75 -0.63 -14.29 Cabletel Communications
FRN 28800 2.19 -0.31 -12.48 Friendly Ice Cream Corp
AI 56900 1.38 -0.19 -12.03 American Telesource International
TEC 23800 1.44 -0.19 -11.51 Commercial Intertech Corp.
BTW get VDOT news about to be announced...the kind that moves the price...
Note increase in volume since last week...not a lot but enough...volume is the indicator here...
Heading up folks...this time it won't get pushed back...well at least I don't think so...I have certainly been wrong before...
Gotta like VRTL under 6...
PCBM: I get emails like this from several people...a couple of them I respect as investors and speculators very much...
"THG, it [PCBM] is going to run to between $10.00 and $20.00 and then will settle in the $5.00 to $7.00 range supported by LoCastro while NASDAQ application is pending..."
I don't know...the guy that sent me that is long 800K...he was right about LGOV and right about TSIG (ran from .03 to over .90 before the reverse split) so I don't know I think it's worth a grand to speculate...but I currently have no position, but I watch it everyday...
NVEI is a buy I'm telling you...should get something in the way of news this week...
LMGR sown there is also a buy...
SGII is giving it all back for the end of month smack down...LTH this will be a winner...
What else is happening out there?
MARKET REPORT
************************************
U.S. stocks ended higher on Friday after a volatile day of trading that saw
tech stocks dodge in and out of positive territory.
An upbeat earnings report by JDS Uniphase Corp. (NASDAQ: JDSU) helped lift
beleaguered optical-networking stocks, which took a big hit earlier in the
week, after Nortel Networks Inc. (NYSE: NT) said it saw its sales in the
technology fall from the first two quarters. It was just enough to send the
tech-laden Nasdaq Composite Index higher for the session.
Small cap indexes mirrored tech stocks, with the bellwether Russell 2000
Index remaining nearly flat, advancing just points to 479.85, while the S&P
600 eked out 0.3-point rise, or 0.1%, to 207.52. The Wilshire Small Cap
1750 headed higher by 3.01 points, or 0.4%, to 802.32.
The Dow Jones Industrial Average put in an impressive performance, driven
by financial and bank stocks, adding 210.50 points, or 2%, to 10590.62,
while the broader S&P 500 gained 15.14 points, or 1.1%, to 1379.58.
Benign economic news out of Washington also helped sustain the market.
Analysts expressed hope that the latest Gross Domestic Product figures,
which showed a significant slowdown in the torrid pace of the U.S. economy,
will cause Federal Reserve Chairman Alan Greenspan to consider dropping
interest rates.
"The perception is finally coming although it has been long in the works
that the economy is slowing down," said Peter Green, head trader at
Gerard Klauer Mattison.
The next major move by the Fed will be to lower interest rates, Green said.
"Basically, the market wants Greenspan to say, 'Yes, the interest-rate
hikes I have administered over the last couple of months are filtering into
the system and taking pressure off stocks.'"
Despite the good news, tech stocks early on suffered a rocky session.
Semiconductor issues continued to flail, as several big names, include
Micron Technology Inc. (NYSE: MU) and Applied Materials Inc. (NASDAQ: AMAT)
headed sharply lower.
"There is a lot of insecurity out there," said Jay Suskind, director of
equity trading at Ryan Beck & Co. "That keeps markets kind of tenuous. I
think there's a lot of 50/50 bets on this market. Investors are saying the
good news is we're at the end of October."
The end of October brings with it pressure on stock prices caused by
concerns over third-quarter earnings, as well as tax-loss selling by mutual
funds, hoping to offset gains but selling losing stocks.
"The other argument against the market is what's going on with this
economy? Are we slowing down too much? Are we going to have earnings-power
problems in the future?" Suskind added.
Other analysts continue to see a market and U.S. economy that are healthy,
though slowing, perhaps even more quickly than the Federal Reserve had
anticipated. In an interview on CNBC this morning, Citigroup Inc. (NYSE: C)
Chairman Sanford Weil said he expects the Fed to lower interest rates soon.
Data on the Gross Domestic Product for the third quarter confirmed a
slowing U.S. economy. The Commerce Department reported a 2.7% GDP rise for
the summer months that was well below analysts' expectations of 3.5%.
The government left second-quarter growth at 5.6%, and said the GDP
deflator, a measure of inflation in the prices of goods and services,
increased 2% for the third quarter, less than Wall Street's estimates of
2.3%. The report also said prices rose 2.4% in the second quarter, as
previously reported.
The Nasdaq Composite Index ended higher, gaining 6.18 points, or 0.2% to
3278.36. The Philadelphia Semiconductor Index, comprised of large cap chip
stocks, fell, losing 20.37, or 2.9%, to 685.60, after gaining more than 40
points Thursday.
Among small cap chip stocks, Sipex Corp. (NASDAQ: SIPX) sank 4 7/16, or
11.5%, to 34 1/8, while QuickLogic Inc. (NASDAQ: QUIK) dropped 13/32, or
4.3%, to 9, and GaSonics International Corp. (NASDAQ: GSNX) lopped off 1
7/16, or 7.6%, to 17 7/16. FSI International Inc. (NASDAQ: FSII) and Brooks
Automation Inc. (NASDAQ: BRKS) were both off in excess of 5%.
In Canadian trading, the Toronto Stock Exchange's earlier rebound soured,
compounding its two-day, 920-point loss. In afternoon trading, the TSE
retreated 106.90, or 1.1%, to 9321.90.
The Canadian Venture Exchange headed higher, gaining 19.40, or 0.6%, to
3259.78. In the currency markets, the Canadian dollar slipped 0.3% to
US$0.6550 from US$0.6567, while the euro retreated a bit to end at US$0.8402.
In commodities news, crude oil futures headed lower, reversing all of
yesterday's gains and then some. December crude futures lost 91 cents, or
2.7%, to $32.80, while November natural gas futures slumped 8 cents to
$4.67, also off 1.7%. December gold fell to $266, off 60 cents, or 0.2%.
Screw up on the part of the SEC...NVEI had their app sit for a whole month before sombody realized the guy who was working on it quit...has since been reasigned to a new case worker...bureucrats in (in)action...
VDOT goes positive...for a change
TIGI:
http://chart.yahoo.com/d?s=tigi.ob
It's about to double from .60...if you've held this one a long time this is a small victory...but if you got in on that dip you've made out nicely...
LMGR and PCW look like good buys to me...PCW will prove to be a great LTH I bet $10K in PCW will be worth a million or more in 3 to 5 years...just like with DELL 5 years ago or ORCL or or or
NVEI just edged a bit higher on no news too...this one is either gonna pop big time or fizzle like a dud firecraker...I expect the Kaboom next month...
Looking forward to next week and November...PR's from lots of companies...
BUY NVEI. EOM
Anybody else stop out today?
Dam...I stopped out of EVERYTHING just about. But Those were gains...not lossesd the trick is to put them in after they go up and hope that you don't get hit with a panic that triggers the stop loss but dosen't fill till the price is below the price of the stop...
10 25 36...got a lot of 25's and 36's...should have had a couple 50's too but shoulda woulda coulda...gave it back before I got smart enough to sell...
AQCI was actually up today...
NVEI gave it back...buy...
VDOT bumbling along...NVEI and VDOT both have potential to pop big time with PR...buy on rumor sell on news...everybody else will especially with this bear...
SUDI scam or fo real even if it's fo real how do they plan to manage an attack by big oil...
Shorters are in paradise...
Don't think so...my first buy was 9.75...12 or 13 easy from here it was holding steady there for a while I think the news wil push it plus NASDQ to push it more...
Re: AQCI and more...
It's about to pull my stop loss...normally I would just buy more and hold it to bring down my average and take advantage of any pop....but I see to many other ops to make the money back and more, and it has not been propped up even by decent news...long term this one is going to be fine but short term there are other ops.
Like ISCO the edgars killed the stock...when people set about doing DD that is (and should be) the first place they look...hard numbers reported to the SEC...I thought the numbers would be better: they weren't. I thought the news would be bigger: it wasn't. But the news has been good. My timeing was wrong. I would like to be buying it from here and from here recommend DCA of 5 or 6 installments...every week or two weeks or whatever your method is...
NVEI still looking good few cents a day...
TXMC went south DCA on the way down...
Pick some NASDQ stocks and pick up a few shares of the "Mike Murphy" stocks for your IRA or LTH portion of the portfolio...
SGII just rocked on up on decent volume and a PR:
http://quote.yahoo.com/q?s=SGII.OB&d=t
SGI International Announces ENCOAL Contract Extensions
LA JOLLA, Calif., Oct. 10 /PRNewswire/ - SGI International (OTC Bulletin Board: SGII - news) announced today that it has agreed with AEI Resources (AEI) to again extend the time to satisfy certain conditions under the contract pursuant to which SGII acquired all of AEI's LFC assets, including the ENCOAL plant. This one-month extension moves the deadline to October 31, 2000. This time will allow SGII to finalize the financial assistance required for the restart of ENCOAL.
SGII also announced today that it has reached agreements to extend another contract that is important to the restart of the ENCOAL demonstration plant near Gillette, Wyoming. ENCOAL employs SGII's patented Liquids From Coal (LFC) technology to produce an upgraded coal product and a suite of valuable chemicals and chemical feedstocks.
Dynegy Coal Trading and Transportation, LLC (Dynegy) and SGII have agreed to extend the delivery date for commencing shipments of upgraded coal from the ENCOAL plant until September 1, 2001. This extension will allow sufficient time for the necessary restart work at ENCOAL to be completed before shipments commence. Among other changes to the extension agreement is a 50% increase in the tonnage Dynegy may elect to receive from the first LFC Commercial Plant. The increase is from 500,000 tons to 750,000 tons per year. This option amount represents almost 20% of the upgraded coal output from a commercial plant.
Michael L. Rose, SGII's Chairman and CEO stated: ``We appreciate the cooperation of Dynegy and AEI in agreeing to extend contract dates. With these changes in place, all of our products contracts are properly aligned with the expected startup of ENCOAL.''
SGII's business is developing proprietary technology to upgrade low-value carbon feedstocks (primarily low-rank coals, heavy crude oil and petroleum refinery resid) into valuable carbon fuels and products and into valuable specialty chemicals. Its corporate headquarters is in La Jolla, California. For further information please visit our web page, http://www.SGIInternational.com.
(This news release contains forward-looking statements. Actual results could vary from those expected due to a variety of risk factors, including, but not limited to, the uncertainty of successful completion of contemplated or proposed business transactions.)
Also kinda sorta like these guys:
http://quote.yahoo.com/q?s=tmss.ob&d=1y
under .20...hell they actually turned a little profit...
it gets a watch...not a buy just a watch...
SUDI looks like it could move but smacks of P n D...
Expect a tech tumble for tuesday...if you get the guts short the ones that just jumped 50% or more...otherwise just watch and wait to get some good ones on sale...
Stocks on sale IMO
DELL, ORCL, MSFT, BMC, INTC, MOT, TXN, IBM, PCW, TSM these are all LTH stocks the kind you DCA and hold till you get the grey hairs...
$10K invested in EMC back in 94 is worth how much...I'm sick...Same with DELL these two stocks alone and I'b be a multi millionaire...but no...too busy playing around...luckily there are EMC's and DELL's around now. But you have to identify them and buy them...
Out of the list above I like PCW a lot DCA on the way down if you can...put $10K in 6 to 12 installments...while it's dropping...
The trick is to find good stocks that are going down and buy them on the way down not on the way up...or hopefully during the "V" you get most of them on the bottom part of the "V" not just one side or the other...
It's simple mathematics...
TXMC just got a strong buy rating from me. :>
http://chart.yahoo.com/d?s=txmc.ob
Get it under .23 it's a ten bagger from here...
For those of you who are not used to this from me and wonder what it means it means buy TXMC. Only invest what you can afford to lose, do not invest rent money...hold for 6 to 10 months.
Easy double from here anyway...
Just get a thousand and hold it...if it dips lower buy another lot to average down...I've been watching this one since 3 cents...had I grabbed up some shares then I'd be sitting on a 7 bagger...has been as high as a buck...(coulda had a 33 bagger)...
Anyhow the "E" shows they are legit and the contracts just keep coming and promises for more are also out...further it's a green stock (they recycle tires)...further they are expecting some news there too...
Also have gotten several emails about it all saying basically the same thing...they are expecting news...just because I got email don't make it true but like I said I've been watching this one for a long time...it's about time...DYODD
Strong buy...
TXN looking good:
http://biz.yahoo.com/rf/001022/n22292196.html
IBM gift for LTH...they are in nanotech big time...then again look waht they did with the PC...
You are officially warned get NVEI...news to come soon...$1000.00 turns into 2000.00 from here in short order.
90 days for MDCE...
Watch AQCI, VDOT and TWIC...DNAP, BIFS
Look for bottom in PCBM...
NXTV...ELON watch...
VRTL missed opp
LMGR still cheap get down here while you can...
I think NVEI will pop first...
PCW get it thru DCA...
Dollar Cost Averaging if you really ddon't know what that means I question your presence in the OTC...
MARKET REPORT
************************************
Softness in computer chip issues was the only blemish in an otherwise quiet
but positive day for U.S. stocks Friday. The day capped the first winning
week for the markets since the last week of August.
All major small cap indexes rose, with the bellwether Russell 2000 Index
gaining 6.15 points, or 1.3%, to 487.45, and the Wilshire Small Cap 1750
advancing 12.92, or 1.6%, to 817.61. The S&P 600 gained, too, picking up
2.45 points, or 1.2%, to 208.73. The markets continued building on
Thursday's momentum, which had analysts talking about an end to the autumn
sell-off.
The Philadelphia Semiconductor Index, however, ended lower, losing 5.87, or
0.8%, to 752.87, after vaulting 111.44 in the previous day's session. The
tech laden Nasdaq Composite Index fared better, gaining 64.54, or nearly
2%, to 3483.14, following on Thursday's near 50-point rise.
"The softness in semiconductors is to be expected after yesterday's
run-up," said Peter Coolidge, head trader for Brean Murray & Co. "But other
technology stocks are still playing catch-up to Thursday's phenomenal run-up."
As for the broader market, "what we're seeing here is a nice bounce back
from an oversold condition," said Charles White, portfolio manager at
Avatar Associates. "But it is by no means a declaration that we're
completely out of the woods."
White noted that November's elections are still three weeks away, and
concern over energy prices and a downturn in the manufacturing sector still
could negatively influence the market.
Thursday's "Philly Fed report shows there's some real significant weakness
out there for the first time in a long time, to where we're starting to
think about contraction in the U.S. economy," White said.
Blue chip stocks headed higher after a weak opening. The Dow Jones
Industrial Average gained despite softness in United Technologies Inc.
(NYSE: UTX), which ended the day down 4.4% to 65.
The conglomerate made news late Thursday after it was reported to be in
discussions to buy rival Honeywell International Inc. (NYSE: HON) for $40
billion. By the end of trading Friday, United Technologies did an
about-face and said it was terminating its merger proposal, causing its
share price to rise from an intraday low of 59 7/8. At the same time
Honeywell, also a Dow component, soared 29% after it said it was
considering other buyout offers after UT bowed out.
The Dow industrials ended the day up 83.61, or 0.8%, to 10226.59, while the
broader S&P 500 advanced 8.14, or 0.6%, to 1396.90.
Aerospace-allied small cap issues ended mixed, as shares of Alliant
Techsystems Inc. (NYSE: ATK) eked out a 1.1% rise, or 15/16, to 89 1/16,
and Curtiss Wright Corp. (NYSE: CW) gained 1 9/16, or 3.4%, to 47 7/16.
Hexcel Corp. (NYSE: HXL), however, down shifted, dropping 15/16, or 8.8%,
to 9 11/16.
Brean Murray's Coolidge noted that today was a double-witching Friday, a
day on which both stock and stock-index options expire. Despite that,
Friday was a "quiet day," Coolidge said.
"It was a pretty volatile, rough week, and some players in the market are
sitting on the sidelines," he said.
Shares of Microsoft Corp. (NASDAQ: MSFT), which helped drive the market
much higher yesterday, continued heading higher in trading Friday, with
shares advancing 5.4% to $65.19 a share.
In Canadian trading, the Toronto Stock Exchange continued yesterday's
upward trend, gaining strongly to end at 10485.20, up 253.60, or 2.5%,
while the Canadian Venture Exchange advanced 30.59 points, or 0.9%, to 3320.37.
In the currency markets, the Canadian dollar dropped 0.1% to US$0.6610 from
US$0.619, while the euro at Friday 4 p.m. ET trading edged up to US$0.8414.
In commodities news, crude oil futures rose after heading lower Thursday.
November crude futures gained $1.05 cents, or 3.3%, at $32.95, while
November natural gas futures slid a penny to $4.95, off 0.2%. December gold
gained $1.10, or 0.4%, to $273.40.
Oh sure and then TWIC goes up 49%...eom
Hows that for a roll on TWIC?
I could now buy 4 times the amount of shares for the same amount of money from the last roll...but do I want to?
Hope you all made some money today...it was hard not to unless you had it all in TWIC or VDOT...
I don't know about TWIC but VDOT's day is coming...
GET NVEI...news should break soon you need to be in before the pop not after...
VRTL too late already popped today...
AQCI enter at your own risk but that's another one whose day will come but like iSCO the last Q and Annual report sucked stopping most DDers dead in their tracks...
PCBM...shorters look to be winning thru no fault of their own...everybody doesn't like something but nobody likes the sara "E"...
Collect MDCE shares with left over trade profits...you know you make some money and then buy something else but when you buy a round number some cash is left...use the cash to get MDCE for next year...
First the big stocks move then the little ones. First the oversold ones will move on good news then others will move on good news...looks like the rally will hit soon...get your money making gear on...
Will all this spill over into the OTC...remains to be seen...end of month smack down still coming...then we got November thru March to make up for all that BS this year and all the bumble headed moves I made...in order to take full advantage of it you will have to buy and sell just buying will not be enough you must also learn to sell...
JFSAG...
DYODD...don't take my word for it...
MARKET REPORT
************************************
Good earnings news and a positive trade report sent U.S. stocks soaring in
Thursday trading, the major averages more than recouping their Tuesday
losses, the Nasdaq posting its third biggest gain ever. Investors focused
on positive third-quarter results from tech bellwethers and bullish remarks
from Fed chairman Alan Greenspan.
Bargain hunters pushed small cap stocks much higher, too, with steady gains
throughout the day. The Russell 2000 Index advanced 15.10 points, or 3.2%,
to 481.31, while the S&P 600, picked up 6.47, or 3.2%, to 206.28. The
Wilshire Small Cap 1750 added 32.90, or 4.3%, to 804.69.
"I think it is safe to say, Nasdaq is finally out of the woods," said Peter
Cardillo, chief strategist and director of research at Westfalia
Investments. "I'm not sure the Dow isn't going to retest the 10,000 level
again. But I think the Nasdaq is on its way up to the end of the year."
Part of the day's strong rally was attributed to positive remarks from
Greenspan, who told a monetary conference in Washington that rising oil
prices haven't hurt the U.S. economy and that inflation is being restrained
by higher productivity created by technology investments.
Indeed, throughout the day, analysts talked up the resurgence in tech and
telecommunications stocks. In the semiconductor sector, shares moved
uniformly higher, after enduring a near 7-week slide.
The Philadelphia Semiconductor Index of large cap chip stocks vaulted
111.44, or 17.2%, to 758.74. Among small cap issues, Cymer Inc. (NASDAQ:
CYMI) matched the Philly's rise in percentage terms, gaining 3 to 21 1/4,
while Kulicke & Soffa Industries Inc. (NASDAQ: KLIC) moved ahead 19.8% to
14 3/8. Varian Semiconductor Equipment Associates Inc. (NASDAQ: VSEA),
Ultratech Stepper Inc. (NASDAQ: UTEK) and PRI Automation Inc. (NASDAQ:
PRIA) were much higher, too.
Part of the optimism was attributed to a strong after-the-bell earnings
report from bellwether Microsoft Corp. (NASDAQ: MSFT). The software giant
blew past analyst estimates by 5 cents a share. In afternoon trading,
Microsoft continued to surge, up 17.9% to $61 a share.
"There's some good and interesting things going on in the equities
markets," said Art Hogan, market strategist at Jefferies & Co. "I'd love to
put two days in a row together." He added that in the short term the market
has found a bottom.
The Dow Jones Industrial Average, where Microsoft is a component, continued
to rise, closing up 167.96, or 1.7%, to 10142.98, while the Nasdaq
Composite Index, heavily weighted with tech issues such as Microsoft,
gained a whopping 247.04 points, or 7.8%, to 3418.60. The broader S&P 500
advanced 46.63, or 3.5%, to 1388.76.
"This is clearly building on the momentum we picked up yesterday afternoon
bouncing off the lows. There are a lot of good things that look good
technically," Hogan noted.
Economic news out of Washington and Philadelphia did little to move the
markets, despite a mixed bag of news.
At 10 a.m. ET, the Philadelphia Federal Reserve said economic activity in
October for that region slipped 3.8%, confounding analysts who had
anticipated a rise of 6%. In the previous month, the regional manufacturing
index grew by 8.2%, the Philly Fed said.
Economic numbers out of Washington, however, painted a different picture.
The Commerce Department said the U.S. trade balance fell in August to $29.4
billion from a revised $31.7 billion in July. The drop surprised analysts,
who had anticipated a slight rise to $31.8 billion.
"That's good news," said Jefferies & Co.'s Hogan. "It is certainly not
getting the attention I thought it would, but unfortunately that's what
happens when you get macroeconomic news in the middle of earnings-reporting
season."
The news bodes especially well for technology companies who have the
ability to make the greatest inroads into foreign markets.
Separately, the Labor Department reported initial-unemployment claims fell
in the latest week to 307,000 from last week's revised 314,000. Analysts
had predicted a decline to 303,000.
Earnings reports were the driving force behind the market's upbeat mood. A
bevy of big names came out in force to release quarterly earnings,
including United Parcel Service Inc. (NYSE: UPS) and R.J. Reynolds Tobacco
Holdings Inc. (NYSE: RJR), who both beat Wall Street estimates. The
nation's No. 4 airline, Northwest Airlines Corp. (NASDAQ: NWAC), also beat
estimates by 8 cents a share to earn $2.06 a share in the latest quarter.
BellSouth Corp. (NYSE: BLS), however, reported earnings that fell short of
analyst expectations, although shares of cellular-phone maker Nokia Corp.
(NYSE: NOK) bettered analysts estimates, and tech issue Texas Instruments
Inc. (NYSE: TXN) met its earnings estimates.
In Canadian trading, the Toronto Stock Exchange rallied alongside U.S.
markets, topping its 10,000 level, too. The TSE rose to 10231.60, up
304.90, or 3.1%, while the Canadian Venture Exchange advanced 35.90 points,
or 1.1%, to 3289.77.
In the currency markets, the Canadian dollar advanced in afternoon trading
to US$0.6619 from US$0.6598 up over 0.3%. The euro gained slightly and
traded at US$0.8428 in 4 p.m. ET trading.
In commodities news, after climbing most of the day November crude oil
futures edged lower in afternoon trading, losing 38 cents, or 1.1%, at
$33.10. November natural gas futures continued to fall, dropping 27cents,
or 5.1%, to $4.96. December gold lost 20 cents, or 0.1%, to $272.40.
FM, This is why we're here....
Got a decent Fcel watch list together now how about VR. Voice recognition...
FONX and who else would qualify?
Good reads:
http://www.fool.com/news.htm
FROM RB NVEI board:
Well, let me first say I had a great day yesterday in San Diego and 99% of it was becuase of John Howell and the time that he gave me yesterday around 2 p.m. at the New Visual offices!!
Secondly, I personall am going to bet the farm on this one. Nearly every penny I have left in my business account is going towards buying more share at this price!!!!! It wont bother me if it goes down another buck either!! The fact of the matter is that afeter speaking with John Yesterday for nearly an hour one to one I have as much confidence and assurance that it is just a matter of TIME,, NOT THAT MUCH TIME LEFT EITHER!!! We will hear news, it will be that LU verified at 8500 ft at 52mbs and it will be a go! After that all #### is gonna break!!! Let me go over some thing that we discused yesterday.
1.) First of all, the TECH WORKS no doubt about! If John was lying to me, he is the best liar in the world.. You cant bs a bs er! He talks with such conviction and sincerety that there is no way in heck that this tech doesn't work.. It works and there is a lot of things we still do not know about that are gonna come out of left field! ALL GREAT NEWS!!!! John said he personally has dedicated himself to thne company! In all aspects!!!
2.) Nasdaq, well from our conversation final wrap up questions were being asked. For instance they want a copy of the 23 million dollar financing agreement from Lilly B. Basically, its in the bag, could be any day now or even next month,, they have no control over this!!! It will happen and will provide a HUGE second spark of buying for our company!!!
3.) Leads me to say that there are over 20,,, yes twenty Institutional buyers waiting to buy!!! Some hundreds of thousands of shares soon!!!!!!!Some will buy before nasdaq application possibly and a whole lot thereafter!!!
4.) A takeover/buyout might somewhere be a reality down the line,, a lot of bIG companies have called and expressed intereset in our TECH! The poison pill would bring the share price to 200 bucks per share before we could be taken out! All are waiting on the sidelines for verification and some other companies besides LU want to do the testing for us!!!
5.) Regarding the delay of the LU testing, well as it has been stated by others we do have an enhancement and there =was part of the chip board missing when delivered to management right before testing. The enhancement basically, but not limited to, is like a muffler, if you will, that could/can suppress some of the noise, which in turn could help the overall distance and maybe even speed of the transmision of the tech! After we get LU to confirm 8500 ft don't be surprised to see greater distance announced shortly thereafter... VERY SHORTLY!!!
6.)When will the testing begin? Well of course John wouldn't tell me this but he mentioned that it wont be on the 31st of this month!! IMO we should get news next week!! Could be longer, but obviously not much!
7.) I asked John if we were not on the Nasdaq b 4 LU testing would we be able to use LU's name in the PR,, He said that they were talking about that right now and it looks as if its a GO!!! I was a bit concerned about that question, but it was answered in the way that I hoped it would be.
8.) Current share price is a JOKE right now and trust me when I tell you it doesnt matter if you bought at 12 bucks now or 6 or 7 bucks pre reverse split... The tech is real and you will make it back plus a shiiiiit load more.. THink to yourselves, If the tech didn't work why would lILLY b, AND ALLOF THE OTHER PEOPLE IN MANAGEMENT AND ON THE BOARD ASSOCIATE THEMSELVES WITH A OTC BB STOCK??? They know it works and are putting their time, money and reputation behind it!
9.) Also, something that confused my about the pr for the 23 million dollar financing that John explained to me.. First it is setup in a way that we dont have to use any or all of the money, we will be taking on a as needed basis to help finance/support the exceleration of our tech! If for instance we need more money when the stock hits 20 bucks a share, well then lilly B. would give us the money for exchange of a share price of 87% of that share price value. In other words $17.40!! She would be getting each share for in exchange for cash! It our choice when and how much to take out when needed!! That is called putting your money where your mouth is!!! I personally wouldnt piiiisssss away up to 23 million unless I knew the tech worked!!
For those of you bashers who don't think I wasn't there yesterday, Oh well!!!! I was, been there before and I will be there again! I love San Diego and have lived there fo 8 years before and plan on buyin another townhome after we make it rich!!!!
There are a lot of other things that I talked to John about and didn't cover, so if you have any questions please ask them on the board. I will respond today at some point!!!
I am heading to work right now,, and for those of you who don't know me please check out my business website...I work in an industry that one has to have clean hands!!!
www.laxrange.com there is a picture of me under contact info.. And unlike Surfca,, I work in an enviroment that would keep the unknown lurkers away!!!!
I would like to conclude my theseis (lol) with a final target price of ::::: short term 2 weeks- 1 month of 25- 50 bucks and long term 200 bucks less than a year!!!!
Oh and please can I finally get my fourth star!!! :0)
No luck needed ,, only time.... I love New Visual,,, SHOW ME THE MONEY!!!!!!
MILERMAN AKA SUPER RICH KASH!
MARKET REPORT
************************************
A downdraft in semiconductor stocks laid waste to tech issues in Tuesday
trading, as small cap issues swirled downward as well.
Anxious investors, too, awaited third-quarter earnings from Internet
bellwether Yahoo! Inc. (NASDAQ: YHOO), which bested analysts' estimates by
a penny, at 13 cents a share for the third quarter, compared with 6 cents
for the year-earlier period. Before the results were announced, shares
closed lower at 82 11/16, off 3 1/16, or 3.6%.
Investors also awaited third-quarter results from Motorola Inc. (NYSE:
MOT), which still hadn't released them by 4:50 p.m. ET. The company ended
the day off 11/16, or 2.6%, to 26 5/16.
"We're not out of the woods by any means," said Peter Boockvar at Miller
Tabak & Co. Investors have two more weeks of earnings reports to get
through, he noted.
Market watchers can expect "more of the same" as investors continue to
react nervously to earnings shortfalls, Boockvar said.
Semiconductor issues fell in response to analyst downgrades on two
microchip companies. Nearly every issue within the Philadelphia
Semiconductor Index was lower at the market close, with shares of Xilinx
Inc. (NASDAQ: XLNX) and Altera Corp. (NASDAQ: ALTR) down 21% and 27%
respectively.
Lehman Brothers downgraded both stocks to 'neutral' from 'outperform'.
Lehman Brothers analyst Dan Niles lowered the stocks' ratings in
anticipation of slower growth in the next two quarters.
That was followed by a downgrade by Salomon Smith Barney, which lowered
both chip makers to 'outperform' from 'buy'. Shares of Xilinx at market
close edged up from earlier lows, but were still off 21.09% or 16 11/16, to
62 7/16, while Altera ended at 29 13/16, down 11 1/16, or 27.1%.
Small caps, which were mixed at midday, moved solidly into losing territory
trading-day end. The Russell 2000 fell 7.90 points, or 1.6%, to 481.63,
while the S&P 600 lost 2.54, or 1.2%, to 203.60. The Wilshire Small Cap
1750 slid the most in percentage terms, dropping 15.41 points, or 1.9%, to
778.48.
"It's pretty much the same ol', same ol'," said Joe Liro, equity strategist
for Stone & McCarthy. "Tech stocks can't get out of their own way."
The tech sector is seeing a broad-based decline, Liro noted, but he
suspects that the sell-off is near its end point. "We're pushing down to
support levels not seen since the May low. It's important to hold that
level," he said.
Small cap tech stocks were caught in the day's free-fall, with some
software makers taking on heavy losses. Loudeye Technologies Inc. (NASDAQ:
LOUD) slipped 1 5/16, or 21%, to 4 15/16; Interliant Inc. (NASDAQ: INIT)
lost 1/2, or 8.3%, to 5 1/2; and eBenx Inc. (NASDAQ: EBNX) dropped 14.29%
or 2 points, to 12.
Winners within the sector include ePresence Inc. (NASDAQ: EPRE), up 11/16,
or 14.7%, to 5 3/8, and Digitas Inc. (NASDAQ: DTAS), up 1 3/4, or 15.4%, to
13 1/8. Shares of Digitas moved higher on news it agreed to form a
partnership with PepsiCo (NYSE: PEP) to develop e-business strategies for
several of the soft-drink maker's business units.
The Philadelphia Semiconductor Index ended lower, down 79.45 points, or
10.1%, to 706.51, while the tech-heavy Nasdaq Composite Index hit choppy
waters, first slipping then rebounding, only to fall deeper. At 4 p.m. ET,
the Nasdaq was down 115.03, or 3.4%, to 3240.53.
Small cap semiconductor stocks ended mostly lower along with retail issues.
Biotech stocks finished mixed. Big small cap movers include National
Discount Brokers Group Inc. (NYSE: NDB), surging 89%, and PEC Solutions
Inc. (NASDAQ: PECS), an Internet solutions provider for governments,
picking up 7.3% to 5 1/2.
Fresh economic news from the government may provide some distraction later
in the week, when data on September's producer price index and the retail
sales report are released.
Blue chip stocks were lower 4:00 p.m. ET, with the Dow Jones Industrial
Average off 44.03, or 0.4%, to 10524.40, while the broader S&P 500 lost
16.09, or 1.2%, to 1385.94.
In Canadian trading, the Toronto Stock Exchange reversed earlier gains to
end the day off 37.70, or 0.4%, at 10,394.80, while the Canadian Venture
Exchange lost 58.70 points, or 1.7%, to 3413.56. In the currency markets,
the Canadian dollar picked up 0.3% to US$0.6668 from US$0.6651.
In commodities trading, November crude oil futures moved higher on news of
the unrest in the Middle East, as well as an early cold snap in the
Northeast. U.S. crude gained $1.29, or 4.1%, to $33.15 a barrel.
November natural gas futures, however, fell, losing 1 penny, or 0.2%, to
$5.14, while December gold picked up $2.30 cents, or 0.8%, to $275.20.
Today's Top Gainers:
Symbol Close Chg % Chg High Low Vol
SERA 3.719 +1.938 +108.8% 3.719 2.000 2,103K
ZCOM 3.375 +1.250 +58.8% 3.375 2.875 11K
GGENC 0.813 +0.281 +52.9% 0.813 0.531 61K
EMP 0.094 +0.031 +50.1% 0.094 0.063 23K
NTN+ 1.500 +0.500 +50.0% 1.500 1.500 100
Legend:
SERA SERANOVA INC
ZCOM IMPRESO
GGENC GALAGEN INC
EMP EMPIRE OF CAROLINA
NTN+ NTN COMMUNICATIONS INC WTS
Today's Top Losers:
Symbol Close Chg % Chg High Low Vol
MRBA 5.750 -5.375 -48.3% 6.188 5.438 264K
ALC 13.000 -6.688 -34.0% 13.000 11.063 150K
JOE 19.188 -8.813 -31.5% 19.313 18.500 114K
ALTR 29.813 -11.063 -27.1% 32.375 28.250 74,189K
QUIK 11.063 -4.063 -26.9% 15.250 11.000 523K
Legend:
MRBA MARIMBA INC
ALC ALLTRISTA CORP
JOE ST. JOE CO
ALTR ALTERA CORP
QUIK QUICKLOGIC CORP(IPO)
Today's Highest Trading Volumes:
Symbol Close Chg % Chg High Low Vol
ALTR 29.813 -11.063 -27.1% 32.375 28.250 74,189K
INTC 37.563 -1.500 -3.8% 40.188 37.438 68,653K
XLNX 62.438 -16.688 -21.1% 67.000 54.313 67,323K
CSCO 51.125 -2.563 -4.8% 54.375 50.688 61,088K
DELL 24.250 -1.375 -5.4% 26.000 24.125 40,579K
Legend:
ALTR ALTERA CORP
INTC INTEL CORP
XLNX XILINX INC
CSCO CISCO SYSTEMS
DELL DELL COMPUTER CORP
TODAY'S MOST ACTIVE STOCKS AT 6:21:08 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
************************************
NASDAQ / OTC
*********************
Symbol Volume Close Change Company Name
MPTV 47849200 0.05 0.01 MPTV Inc.
BICO 16014900 0.09 0.00 Biocontrol Technology Inc.
ARET 6164800 0.03 -0.00 AmeriResource Technologies Inc.
WBVN 5503300 1.88 0.31 Webvan Group Inc.
RDRT 3496200 9.94 -0.13 Read-Rite Corp.
AMEX
*********************
Symbol Volume Close Change Company Name
HNV 2753700 0.31 -0.06 Hanover Direct Inc.
HEC 1062900 0.56 -0.06 Harken Energy Corporation
EEE 479100 2.60 0.24 Canadian 88 Energy Corp.
ECO 462400 0.69 0.06 Echo Bay Mines Ltd.
ALT 449900 5.88 1.31 Alteon Inc.
TODAY'S TOP PERCENT GAINERS AT 6:21:08 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
************************************
NASDAQ / OTC
*********************
Symbol Volume Close Change %Gain Company Name
ARVT 9000 0.15 0.09 150.00 Aries Ventures Inc.
SERA 2103300 3.72 1.94 108.82 SERANOVA INC
HMSK 884000 1.09 0.47 74.88 Homeseekers.com Inc.
GAMM 2300 1.75 0.74 73.27 Global Entertainment
Holdings/equities Inc.
ZCOM 11400 3.38 1.25 58.82 Impreso.com Inc.
AMEX
*********************
Symbol Volume Close Change %Gain Company Name
MWB 19200 1.56 0.44 38.84 MYWEB INC.COM
ALT 449900 5.88 1.31 28.78 Alteon Inc.
DDN 22100 1.88 0.38 25.00 Dynamex Inc.
PYR 154000 5.88 0.88 17.50 PYR ENERGY CP
CBJ 9400 0.44 0.06 16.80 Cambior Inc.
TODAY'S TOP PERCENT LOSERS AT 6:21:08 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
************************************
NASDAQ / OTC
*********************
Symbol Volume Close Change %Loss Company Name
AKRN 1863300 5.75 -4.31 -42.86 Akorn Inc.
SCIL 62800 4.78 -2.22 -31.70 Scientific Learning Corp.
CIRC 244500 1.38 -0.56 -29.05 CIRCLE.COM
IMCD 2200 0.69 -0.28 -29.03 N/A
VWLC 106000 2.19 -0.81 -27.10 Voice and Wireless Corp.
AMEX
*********************
Symbol Volume Close Change %Loss Company Name
NKC 15400 3.94 -1.06 -21.24 N/A
VCR 92500 1.19 -0.31 -20.80 Sensory Science Corp.
UAX 46300 1.00 -0.25 -20.00 Usurf America Inc.
MRY 14300 1.63 -0.38 -18.75 N/A
EDG 26700 1.19 -0.25 -17.39 DESIGN AUTOMATION SYS INC
And another two:
http://www.thestreet.com/_yahoo/markets/marketfeatures/1116144.html
http://www.fool.com/boringport/2000/boringport001009.htm?ref=yhoolnk
MARKET REPORT
************************************
U.S. stocks ended the day lower, knocked down by continued third-quarter
earnings woes. But tech stocks fared better than earlier in the day, as
bargain hunters set in to do some Columbus Day shopping.
Small cap stocks ended mixed with the Wilshire 1750 eking out a small 0.1%
rise, up 1.16 points, to 793.89. The Russell 2000 and the S&P 600,
meanwhile, never saw daylight. For the session, the Russell fell 1.49
points, or 0.3%, to 489.53, while S&P 600 lost 0.43, or 0.2%, to 206.14.
"The market continues to befuddle," said Daniel Peris, analyst for Argus
Research. Peris noted that Monday's market trend, which saw techs gaining
ground at midday after an early session bloodletting, was the reverse of
recent trading sessions.
Peris also said he feels the market is very near its nadir. "Contrarian
indicators are all in proper place to indicate a bottom," he said.
The day's light volume didn't help push the market upward. Investor fatigue
and light volume has a lot to do with what investors were seeing in the
market today, Peris said.
As third-quarter earnings season got underway on this Columbus Day holiday,
a handful of small cap issues released third-quarter earnings reports, only
substantiating investors' fears of weaker profits.
"People are very, very skeptical," about what they can expect from
corporate-earnings reports, said Steven DeSanctis, director of small cap
quantitative research at Prudential Securities.
DeSanctis noted that within the small cap sector he expects investor
hesitation to hang around a bit longer. While the number of companies
pre-announcing earnings warnings is higher, it isn't dramatic, he said.
Today's market action was also marked by thin trading because of the
Columbus Day holiday, which DeSanctis said may be spooking the markets
since prices tend to swing more wildly on days with light volume.
"Today, it happens to be in the wrong direction," DeSanctis said.
Semiconductor stocks, down nearly across the board in early going, turned
mixed. Big losers included Three-Five Systems Inc. (NYSE: TFS), down 9.9%;
SpeedFam-IPEC Inc. (NASDAQ: SFAM), off 9.5%; and Remec Inc. (NASDAQ: REMC),
down 7%.
On the positive side, shares of Brooks Automation Inc. (NASDAQ: BRKS)
vaulted 15.2%, while shares of Cymer Inc. (NASDAQ: CYMI) rocketed up 12.2%.
Emcore Corp. (NASDAQ: EMKR) gained 14.1% in Monday trading.
Electroglas Inc. (NASDAQ: EGLS), which manufactures micro chip quality
control devices, ended the day lower at 15 7/16, off 9/16, or 3.5%. The
company said it expects to report earnings of 49 cents to 52 cents a share
for the third quarter, short of a 59-cent First Call analyst estimate.
Two heavily watched tech bellwethers, the Nasdaq Composite Index and the
Philadelphia Semiconductor Index, were lower, but recovered from earlier
heavy losses. The Nasdaq, which suffered triple-digit losses in the early
going, ended the session at 3355.56, off 5.45, or 0.2%. The Philly index
trailed Friday's close by 13.43 points, or 1.7%, to 785.96.
Old-economy stocks, which sustained the Dow Jones Industrial Average early
on, gave way to a brief tech surge as shares of Hewlett Packard Co. (NYSE:
HWP) gained 3.8%, or 3 5/16, to 90 1/2, but finally turned south by the
close, driving the blue chip index into losing territory. The Dow ended
lower by 28.11, or 0.3%, to 10568.43, The broader S&P 500 finished at
1402.03, off 6.96, or 0.5%.
In commodities trading, November crude oil futures edged higher, gaining
$1.04, or 3.4%, to $31.90 a barrel. Futures prices moved higher on news of
the unrest in the Middle East, as well as an early cold snap in the
Northeast U.S.
November natural gas futures also rose, gaining 15 cents, or 3%, to $5.16,
while December gold was higher by 90 cents, or 0.3%, to $273.
The bond market was closed Monday for Columbus Day. With U.S. government
offices also closed for the holiday, no economic indicators were scheduled
for release. Later in the week look for figures on September producer price
index and retail sales report.
Canadian markets are closed in observance of the nation's Thanksgiving Day
holiday.
Among small-cap stocks moving Monday:
Calgon Carbon Corp. (NYSE: CCC), a maker of air- and water- filtration
products dropped 25.7% or 1 13/16 to 5 1/4 after warning 3rd quarter profit
would come in short of the 5 cents a share earned a year earlier. Calgon
Carbon was expected to earn 9 cents a share, the average First Call estimate.
Connetics Corp. (NASDAQ: CNCT), a pharmaceuticals maker plunged more than
79%, or 20 3/16, to 5 5/16 on a volume of 20.2 million shares, after it
and Britain's Calltech Group Plc said a late-stage study found no benefit
for relaxin, their experimental treatment for the skin condition
scleroderma, and is withdrawing their request for U.S. marketing approval
of the medicine.
Homeseekers.com (NASDAQ: HMSK), an Internet-delivered provider of real
estate information shed 68.5% of its value or 1 3/8, falling to 5/8 after
reporting a $1.47 a share loss in its fiscal year ended June 30, wider than
the 53-cent year ago loss, and also revised its results for the second and
third quarters.
Interspeed Inc. (NASDAQ: ISPD), a data communications product maker, lost
55%, falling 2 3/32 to 1 3/4 after warning its fiscal fourth-quarter loss
will be much wider than expected and announcing it plans to restate results
for the last three quarters. Its chief executive also stepped down and two
sales executives were fired.
TODAY'S TOP PERCENT GAINERS AT 6:53:23 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
************************************
NASDAQ / OTC
*********************
Symbol Volume Close Change %Gain Company Name
SCIL 33600 7.00 2.50 55.56 Scientific Learning Corp.
TEPUF 158000 0.31 0.10 47.62 Trans-orient Petroleum
HMSR 77000 1.47 0.47 46.80 HemaSure Inc.
ELAW 437500 1.75 0.53 43.68 Internet Law Library Inc.
ZONE 146800 1.50 0.44 41.11 Omni Nutraceuticals, Inc.
AMEX
*********************
Symbol Volume Close Change %Gain Company Name
UAX 65200 1.25 0.63 100.00 Usurf America Inc.
DAY 22300 0.38 0.06 19.81 Dayton Mining Corporation
PNO 79600 3.81 0.56 17.32 N/A
WLB 78000 5.75 0.81 16.44 Westmoreland Coal Company
EXM 5400 1.88 0.25 15.38 Excel Maritime Carriers
I think it's super high risk but 10,000 shares...1 grand is worth the risk. What if everybody is wrong and it goes from .10 to .20 your one grand turns into 2 grand...10X mean a dollar.
I am getting predictions of 6 bucks from every corner...some people who I respect quite a bit...
If they are all wrong and it never gets to 6 bucks perhaps it could get to .20...
I looked at the trading record...reminds me of BICO before the pop lots of days with varying volume but the price remains the same...
BICO sat at .10 for a long time and then ran up to .80 before it came back...
I think PCBM can get from .10 to .15 50% and .10 to .20 100%. Don't you think it could go that much?
PNLK up 12% on less than 100K VDOT can't be far behind...
Our monthly Oklahoma City meeting will be Saturday, Oct. 21, at Skyline Restaurant. I'm posting this announcement early as people from out of town might want to attend this one.
My intent is to give a reasonably thorough overview of the Federal tax system and the approach we've developed for securing administrative remedies since early this year.
This will be a repeat of the Sept. 29 program I gave in Tulsa. Those who attended the Tulsa meeting said it was the most comprehensive presentation I've made on the subject to date. We recorded the Tulsa meeting on audio and video and will record the Oklahoma City meeting.
The presentation should be between two and a half and three hours in length. Gail will go through both after the Oklahoma City meeting, then we will make the best of the two available on audio and/or videotape.
Skyline Restaurant is located approximately half a mile east of I-35 on Southeast 15th Street so there is easy access. The Southeast 15th Street exist is less than a mile south of the I-35 & I-40 junction. Normally we
congregate at about one for lunch & visiting, then get the program under way at about two. This time we will have to start punctually as the program will crowd us for time.
Our monthly meetings frequently focus on a subject or two then wander around as others ask questions and make contributions, but I knew we were going to have at least one important guest at the Tulsa meeting, my Federal probation officer. We have an open door policy, anyway, but it has been some time since we've had known people from courts and enforcement at the meetings so I decided to give an over-view, which includes a reasonably large exhibit package of over 40 pages. The extemporaneous presentation was considerably more comprehensive than I
anticipated.
I don'tintend to case aspersions. Brad is a pretty good sport, and like most people in the probation office, U.S. Marshals, and the like, is fully aware that there are problems with the system. The difficulty is finding the common ground of understanding.
The Tulsa presentation was structured with the notion of making the material comprehensible for someone who isn't versed in law and isn't convinced that the Federal tax system is fraudulently enforced. The approach wasn't particularly focused on Brad even though I built a snare
into it for his benefit: 26 CFR § 31.6001-1(d), which addresses social welfare taxes in Chapters 21-23 and the government personnel tax in Chapter 24 of the Internal Revenue Code, reveals that an "employee" isn't required to keep books and records. The regulation provided the opportunity to ask if Brad keeps books and records and files returns.
Of course he does. "But who told you that you have to keep books and records and file returns? This regulation says you aren't required to keep books and records."
Brad blamed his accountant, then Bob Miles, who is an accountant, chided him some.
I'm convinced that the chief difficulty people have had when attempting to administratively resolve state and Federal tax difficulties is shifting the burden of proof.
Am I required to prove I'm not liable for any given tax imposed by internal revenue laws of the United States or revenue laws of Oklahoma?
That's the crux of the matter. We've collectively been victimized because we didn't understand process, and because we didn't understand process, we didn't know how to challenge presumptions.
Who has ever received notice from IRS that includes disclosure of taxing and liability statutes in addition to identification of the source or activity subject to tax?
Any time we deal with government agencies, two elements have to be addressed: Facts and law. Facts are specific. In a manner of speaking, they are historic events. Law is also specific. Where state and Federal tax systems are concerned, specific taxing and liability statutes must
positively apply to the source or activity the produces "income".
Five subtitles in the Internal Revenue Code impose Federal taxes of various sorts. Until we know which tax is at issue, any presumption of liability is simply that. It is a presumption.
Thanks to Richard Cornforth, Pat Patton, Tim Richardson and various others, we've come to terms with what does and what doesn't constitute evidence, testimony, etc., and how to use substantive (constitutionally secured) rights to shift the burden of proof.
We've also broadened the scope of what we address from the gross income "source" position advanced by Thurston Bell, Larken Rose and others. In my opinion, the gross income "source" position covers Subtitle A & B "income" taxes where Subtitle C includes social welfare taxes that are geographically applicable to territory and possessions of the United States, and the government personnel tax in Chapter 24, the various excises in Subtitles D & E, and import duties in Title 19.
While we aren't ready to trot everything we're doing out for general use, the exhibit package includes the three basic "discovery" initiatives we're using.
The first is a focused FOIA to district disclosure officers, which they're still trying to avoid; the second is a direct request for assessment certificates and support documents sent to regional service center assessment officers; and the third, added in late September, is a "Request for Notification and Access" requesting original liens and civil litigation documents from district directors.
Pat Patton deserves credit for originally focusing requests: Per Pat's excellent research, which is published in his book released in early 1999, there is no liability unless or until there is a procedurally proper assessment executed by an assessment officer. Until there is a
proper assessment, any and all administrative collection initiatives are unlawful.
Does whatever return someone files constitute self-assessment? The short answer is "no."
There may be exceptions in the "income tax" category. That is, social welfare taxes in Chapters 21-23 and government personnel tax in Chapter 24 may not have to be assessed against the individual "taxpayer". However, these taxes are concerned, the social welfare taxes are limited
to the "geographical" United States, and there is a small problem with the government personnel tax in that the Treasury Financial Management Service and the General Accounting Office have primary responsibility for administration and enforcement of the tax, not the Internal Revenue Service.
The meeting is open, with no attendance fee.
Dan Meador
SLOJON be there or b square
Wow, 20% + gainers today...
ICGE BVSN IFTP
Really stick out...
Several 10% gainers today too...
Oohhhh..LMGR under 2.....
I think everybody should suck it up and get 10K of PCBM...that one's gonna pop...
See the pattern?
http://www.bea.doc.gov/briefrm/gdp.htm
Look at 1998 Q1: Spike market moved up in Q2.
1998 Q4 spike market moved up in Q1 of 1999...
1999 Q4 spike market moved up in Q1 2000...
If we have a spike in Q3 2000 market will move up in Q4...data isn't in yet...listen for strong earns from companies as they report...warnings are just about over and fed isn't raising rates...if earns are considered weak and GDP is down in Q3 the rally may not come after all...or not be a strong as pundits predict..
Maybe I'm just FOS...
100 posts cool. VDOT is looking good believe it or not.
ICGE will it break 10?
INTC under 40!!!??!!
CDO under 15 member when I was waiting for 30...
DELL I LOVE DELL at these prices...
APPL gotta be a buy LTH tho...
MOT under 30 buy
TSM under 25 buy
52 week lows everywhere...and I have ZERO cash to take advantage of it I feel so dirty, I fell for it. I hate being tricked by the big guys...diff is I know when I've been tricked.
Watch it turn around the end of this month and November...some say 3250 some a little lower...MANY say mid OCT is the corner...till then we bounce around...
SUDI dropping after big gains wait for it...
AQCI dropping....wait a bit...
NVEI will pop this month...
PCBM too many are saying it's gonna fly this month for them all to be wrong even if they only get 1/2 of their predictions it's still big gains...put a grand in...take 2 or 3 out...this one gets the highest risk highest reward award...you thought BIFS was something watch this one...
Fuel cells giving it all back...
ELON double from here...but will it go lower first...
Watching LCOS like it around 40...big dip today...have never made anything but money playing LCOS...it will dip further and then pop right back up look at the charts...study...40 is the bottom 70 the top give or take a few bucks...
MFST gee, oughta get 10% from here...
Same with GE...
DCLK LTH from here but I like it under 25 for sure...they make money not much but more than all them other guys in the coming years internet advertising will consolidate as some of the competition goes under leaving DCLK with more market...
VOXX call me crazy but I REALLY like this one P/E of 10!!!!!! Wireless phones...
TXN been talking about this one since 60 if I like it then I really like it now...
Watch HGSI I picked that two splits ago at 50...should have just dumped 100K in and let it go...even with this drop it'd be 600K now...my hindsight is perfect...
PCW looking for single digits...this one will be huge...but it will go down before it goes up...
FONX coming down to a place where it MIGHT be attractive...
VRTL looking for it under 6
ACCL looks like it may dip down 50% over the last month or so
IBAS same...these two ACCL and IBAS should give 100% near term...
What'd I miss?
I'll print this and over the week end try to pick and order these...ie wich ones likely to come back first which likely to pop first...etc...
JFSAG DYODD
MARKET REPORT
************************************
A strong surge in semiconductor stocks spread to other tech issues in an
inspired session that moved small cap indexes into positive territory
during the last minutes of trading.
It was an up-and-down session that finally allowed the tech-laden Nasdaq
Composite Index to see its first gain after three straight losing sessions.
It gained 67.27 points, or 2%, to 3523.10.
Analysts attributed much of the movement to investor enthusiasm about
companies that haven't stepped forward with negative third-quarter
pre-announcements.
Small caps rose by day's end, too, in response to this "no news is good
news" posture.
The Russell 2000 Index gained 2.82 points, or 0.6%, to 507.49, while the
S&P 600 ended equally higher in percentage terms up 1.23 to 213.23. The
Wilshire Small Cap 1750 made the strongest gains, adding 6.80, or 0.8%, to
824.76.
It was a session that saw nearly all small cap oil and gas stocks lose
ground, with companies such as Southwestern Energy Co. (NYSE: SWN) losing
4.3%, or 3/8, to 8 3/8, and UTI Energy Corp. (AMEX: UTI) dropping 1 9/16,
or 6.6%, to 22.
Despite the surge in tech stocks, a number of small cap Internet issues
suffered big losses. Shares of Saga Systems Inc. (NYSE: AGS) lost a
whopping 32.1%, or 2 5/8, to 5 9/16, while Accrue Software Inc. (NASDAQ:
ACRU) lost 1 1/8, or 14.1%, to 6 7/8, on a downgrade by SG Cowen & Co.
analyst Rehan Syed.
Strength was evident throughout the day in semiconductor issues, with the
Philadelphia Semiconductor Index of large cap issues vaulting 50.11 points,
or 6.2%, to 863.06.
But the enthusiasm for chip stocks didn't carry over into all tech stocks.
The divide between winners and losers was clear within two components of
the Dow Jones average Microsoft Corp. (NASDAQ: MSFT) and Intel Corp.
(NASDAQ: INTC). While Intel ended higher by 1 11/16, or 4.2%, to 42,
Microsoft sagged, lopping off 1 1/8, or 2%, to end at 55 7/16.
"There is no leadership in high tech stocks," said Scott Fullman, options
strategist for Swiss American Securities.
And within other large cap issues, Fullman noted, unlikely leadership has
surfaced in the form of Walt Disney Co. (NYSE: DIS) and Philip Morris Cos.
(NYSE: MO), whose stock performances year-to-date have exceeded 30%.
"We've seen an evening out in the market" with regard to the role leaders
have been playing as well as in valuations, Fullman said.
While much of the focus on weaker stock performance of late has been on
lower corporate earnings, increased energy prices are affecting consumer
behavior.
"Oil prices have a greater affect than the Fed" on the stock market,
Fullman said.
He noted that investors are suffering through a "seasonally weak period,"
but expects to see a turnaround in the last week of October or early November.
Earlier Wednesday, the Commerce Department reported factory orders rose 2%
in August, higher than analysts' estimates of 1.7% and reversing July's
revised 8.1% tumble. Markets paid little attention to the news, however.
In broader market action, the S&P 500 gained by nearly 8 points, or 0.6%,
to 1434.31, while the Dow Jones Industrial Average, which had gained over
100 points earlier in the session, added 64.74, or 0.6%, to 10,784.48.
In Canadian trading, the Toronto Stock Exchange tacked on 68.30 points, or
0.7%, to 10,524.70, while the Canadian Venture Exchange dropped 6 points,
or 0.2%, to 3499.68.
In the currency markets, the Canadian dollar gained 0.5% to US$0.6681 from
$US0.6650, while the euro ended slightly higher at US$0.8744.
In commodities trading, November crude oil futures sagged, dropping 72
cents, or 2.3%, to $31.35 a barrel. November natural gas futures fell 5
cents, or 0.9%, to $5.30, while December gold slipped to $273.40, off $1.40
or 0.5%.
It was PR day for just about all my OTCBB watch list stocks.
AQCI VDOT PNLK GTMI TIGI IFTP and on and on I haven't had to read and evaluate this much PR in a long time...hmmm tell you anything...
Looking for a good coupla months...question is will I find it?
So who wants this board? 2000 okay maybe 2001 is my cut off doesn't mean you all have to quit posting here...yankeefan did you get the memo?
Changing the subject did any of you learn about executive order 11110 in school? Seems it might go a little ways to explaining why they shot JFK. It was about the money. What's the life of a president in the billion dollar scheme of things...and back then a billion was a whole lot more than it is today...and it's still a lot today...where is Oliver Stone in all of this...how obvious is it once you get the facts and seperate out the fiction?
You heard about Cubans and the Mob and all kinds of smoke and mirrors but not about the money...
And changing the subject yet again...Bush seems to have lost to Gore although Bush was in a great position because he wasn't expected to do as well as he did. i think he did a fine job. I also think they are both a couple of frauds. Big oil has been supressing alternative energy for years look at SUDI it's a stock that says they can make hydrogen from water watergas...gee if we converted to hydogen oil would be a moot point...
And taxes "excuse me sirs can either one of you show me that the IRS is actually a US agency?" I can't find their creation statute and neither can a lot of other researchers. "Can you show me any law that says a US citizen must have a SS number? Can you show me a law that says a US citizen must file a form 1040?"
Lot of people can't seem to understand it when I say it not "D" or "R" but "I"...this is gonna be great a close race...pins and needles right up till election day...I bet Gore but I'm voting Nader just so the green party stays in business...we need another party...and Nader brings up a lot of points that would otherwise get swept under the rug...
So this is becoming the ALL THG poster board...where is everybody else...? Guess I'll send a email again letting the stock letter people know this is here...
I guess everybody is depressed with the market being the way it is...
Me? I'm excited. AQCI, NVEI, VDOT PCBM and a few others I'm watching all could go at any time on one PR...
Take PCBM it's ten now lets say you don't get in till it goes to .20 at 2.00 it's still a ten bagger if it makes it to 5 that 25 times your money even if you are late and don't get in till it doubles from the .10 it's at now...
AAPL s that a buy or what...investors went overboard didn't they? The cube is cool tech...I think they will have new products that sell well...current PE is under 12 11.95...
JNPR is over 1400...this has short written all over it...wait and see...one piece of bad news and bloowey...
Dow 10.7 NASDQ 3.45
Some have said 3250 is the test for NASDQ low...get a tracking fund if it hits 3250 because the run up to 4 will give a nice gain...things look to get worse before they get better...
Transmeta will be huge IPO start tring to get in now...flip...
MARKET REPORT
************************************
Weakness struck U.S. stocks in the last hour of trading, as small cap and
tech stocks languished over earnings worries. The tech-laden Nasdaq
Composite Index lost 3.2%.
Adding to the malaise was the Federal Reserve's cautionary language about
the still-robust U.S. economy, even as it was announcing a stay-put
interest rate decision.
Tempered comments are to be expected by the Fed, said Timothy Ghriskey,
senior portfolio manager at Dreyfus Corp. However, "expectations grew in
the morning for a more dovish statement," he noted.
The Fed fears enthusiastic remarks may cause the market to run up wildly,
Ghriskey said.
There is still a great deal of uncertainty over third-quarter-earnings
pre-announcements. Investors are still figuring out whether the problems
are company-specific, or evidence of an industry-wide problem, Ghriskey said.
Within specific small cap issues, semiconductor stocks, which had staged a
healthy rebound early on, ended largely lower. There were exceptions,
however. Gainers for the session included Power Integrations Inc. (NASDAQ:
POWI) and Stanford Microdevices Inc. (NASDAQ: SMDI). Shares of Integrated
Silicon Solution Inc. (NASDAQ: ISSI) climbed 1 1/16, or 7.5%, to 15 1/4.
The Philadelphia Semiconductor Index of large cap issues, which had been
sharply higher in afternoon trading, ended decidedly lower at 812.95,
slipping 20.42 points, or 2.5%.
Within small cap indexes, the Russell 2000 ended lower at 504.67, off 7
points, or 1.4%, while the S&P 600 slipped 2.46 points, or 1.1%, to 212.
The Wilshire Small Cap 1750 lost a whopping 20.42 points, or 2.5%, to 812.95.
As expected, the Federal Reserve said Tuesday afternoon it isn't raising
interest rates in the near term.
The decision leaves the federal-funds rate (the rate commercial banks
charge each other for overnight loans) at 6.5%, while the discount rate
(the rate the Fed charges banks for money) remains at 6%.
A profit warning from Xerox Corp. (NYSE: XRX) early in the day didn't make
many waves as most major indexes were climbing in morning trading. The
tumble came late in the day.
Xerox has ceased to be a force that moves markets, said Michael Holland,
president, Holland & Co. The copier maker has seen its importance
supplanted by high tech companies such as Intel Corp. (NASDAQ: INTC).
Semiconductor issues were higher in afternoon trading, a boost attributable
to stock-price moves "down to levels that are silly," according to Holland.
Small cap Internet stocks were mostly lower, with some exceptions, after a
midday rout. Shares of SoftNet Systems Inc. (NASDAQ: SOFN) picked up 5/16,
or 5.8%, to 5 11/16, and Caminus Corp. (NASDAQ: CAMZ) rose 4 9/16, or
11.7%, to 43 5/8. Avenue A Inc. (NASDAQ: AVEA), Lante Corp. (NASDAQ: LNTE)
and Register.com Inc. (NASDAQ: RCOM) closed higher as well.
Shares of small cap Corel Corp. (NASDAQ: CORL) surged 90% in after-hours
trading Monday after news of a $135 million investment by Microsoft Corp.
(NASDAQ: MSFT) hit the airwaves. In today's trading Corel gave back some
gains, closing up 2 1/4, or 61%, to 5 15/16.
Late yesterday, Corel said Microsoft had agreed to invest $135 million in
the Ottawa-based software company. Corel is best known for its Word Perfect
word-processing program and its decision to embrace the Linux operating system.
The Dow Jones Industrial Average surrendered much of its earlier gains but
still ended the day higher by 19.61, or 0.2%, to 10719.74. The broader S&P
500 dropped 10.05 points, or 0.7%, to 1426.18, while the tech-heavy Nasdaq
Composite Index slipped to 3454.69, down 114.20 points, or 3.2%.
In Canadian trading, the Toronto Stock Exchange advanced 13.60 points, or
0.1%, to 10,456.40, while the Canadian Venture Exchange fell 54.03 points,
or 1.5%, to 3505.68.
In the currency markets, the Canadian dollar gained 0.3% to US$0.6650 from
$US0.6628.
In commodities trading, November crude oil futures ended lower by 8 cents,
or 0.3%, to $32.10 a barrel. December natural gas futures remained
unchanged at $5.35, while December gold has slipped to $274.90, off $1.40,
or 0.5%.
Earlier this morning, the Census Bureau said August new-home sales fell 3%
to an annual rate of 893,000, just below analysts' estimates of 895,000 and
well below July's revised 921,000.
Separately, the Conference Board said the nation's economic indicators fell
0.1% in August, in line with analysts' estimates. The nonprofit business
group also revised July's figure downward to a minus 0.2% from minus 0.1%.
RE PCBM why dosen't the company just change the ticker? This forces shorts to cover...
SUDI after thre days of huge gains it's starting to come back down...watch...
VRTL and LMGR both heading or are in buy turf...LMGR buy line was 2.60 VRTL under 6...
How bout that AQCI? EOM.
AQCI get in now and you can still get in cheaper than me at .43...
It's heating up tho'
SUDI I have yet to take a position but am calling in the morning for info...
VDOT...ORCL? ROK? ALA? MOT? Plenty speculation still and it's WAAAAYYY DOWN. Get some if you can stomach the risk...
Yes Mark I should have sold it all at 3.65 waited for this and had 200K shares but who knew...(he sold his at 3.65 and was ****ed because he wanted out before that...
NVEI news coming.......
Lots of bargains AAPL is a gift I tell ya...
CMGI and ICGE are in great buy range
LMGR at 2.25 is looking good...you guys wonder why there no stock letter I find myself saying the same things...AlanC is very much liking PCBM and expects the squeeze this month...
gk911 good call on FRLK...get another 20 to 30 and you can get out clean...36% plus...
What I've seen with a lot of stocks is you can get 36% multiple times across the same numbers...you don't go broke taking profits...
SUDI more I look the more I like it...but there is a whole lot of politics and other BS to consider here not just the fact that it's a great investment op...hydrogen is the future of fuel on this panet but there are oil companies that will try to insure that future is as far off as possible...look at ZERO WAS an OTC stock...