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Not sure how accurate
This guy's numbers are but I do know there are fewer OTCBB's because so many got kicked back to the pinks and haven't relisted...
By: Blades777
Reply To: 555 by i_like_bb_stock $$$$ Sunday, 1 Oct 2000 at 7:41 PM EDT
Post # of 594
OT: I can't wait for the OTC:BB fall rally!
You know what I think will be great about the BB rally this year?
There aren't as many OTC:BB stocks around as there were last year. Less spreading out of money so that it will be
easier to find and pick the winners.
Last October there were 6,500 otcbb stocks.
In August 2000 there are now only 3500.
The SEC guidlines are seperating the wheat from the chaff.
It should hopefully be an exciting year and right now is the perfect time to research and find which ones have the potential to move far.
Also interesting to note
August 1999 3700 stocks valued between .01 and 1.00
August 2000 1700 stocks valued between .01 and 1.00
SUDI is one of those 1700.
Blades
From RB SUDI board...
Web stuff:
http://biz.yahoo.com/rb/001001/h.html
http://biz.yahoo.com/rf/001002/n01471244.html
Complete BS and propaganda:
http://biz.yahoo.com/apf/000929/honda_fuel.html
PCW of interest:
http://biz.yahoo.com/rf/001001/t71574.html
CDO CMGI ICGE all up 10% TODAY...
All those margin calls killed the OTC but that's just about over...
Next two months will be good...
Get DEll, AQCI, VDOT, NVEI, PNLK, hell even TWIC may move...
Also, INTC, TXN, Fuel cells and TSM wednesday was a bottom...it's still gonna bounce but we're heading up...
PNLK and VDOT pull up charts and compare. TOO WIERD. VDOT drops under 90 cents so PNLK has to too...WTF?
BOTH are fire sale prices.
I like VDOT a little more at this junture but I think both have great near term potential. Great being an understatement. You get jaded here in the OTC. 100% in a quarter isn't too uncommon...
The bargains are too numerous to name right now...pick and choose...all the big huge billion dollar tech giants that are down on the year but especially down on the month...get those...
XML is heating up...seeing XML being used and talked about a lot...unlike most people I think this will be good for all plays not bad for them. it's like when there was only one solar company on Maui...when more moved in everybody thought that would be bad for the first company...opposite now people start hearing about solar panels for hot water and sales for everybody go up because there is more exposure and awarenes...
"Mmmm, Ogg, like solar. Solor good."
The web is a tremendously huge place...7 million sites on coming on EVERYDAY. Of those it's estimated 20% will do some kind of comerce...web access is still growing like a culture in a petri dish...in the US and world wide...
Tech and internet are the investment sectors for the next 10 years...at least...this is just a speed bump.
Then there's wood...
Green stocks...like recycling tires metals garbage...and green energy...alternative energy is also (because of the net) coming out of supression...and will be big soon...
Fear not, if you are reading this then you are investing and if you are investing a few good moves and you will be rich beyond you wildest dreams...may take a few years but...it will come...how fast you want it? How much time you willing to spend. 5 years ago 10K invested in AOL MSFT DELL and the list goes on for a mile now would have made you a million or more...so what are the names of the companies now? They are right in front of your nose just like MSFT was 5 years ago everyday when you turned your computer on...
So quit sweating these reversal of fortunes and look out a few years...Asia holds great promise...PAP PCW Legend...etc...
And then there's just plain old chips and chip makers...
Thanks for that tip...It's on my watch lists.
Selling into the rally when the tide is red is always prudent...
ATEX even with the tiny float not immune
Fuel cells down across the board...from .05% to 9%
ISCO had a great PR and it moved 6%
TWIC...I can now either retake my position for less than half the money or more than double my position for the same money...what a roll! But do I want to?
VDOT that's a fire sale...I hope no news comes out till this unstable period is over...Oct would be better than now...
NVEI can you see which way that's going? Give it 4 more weeks...
AQCI you can now get in cheaper than my average so i don't want to hear excuses and how lucky I am when that one breaks...
MDCE no volume but up a whole half cent...wait till some volume kicks in there...
MTC...
MOT under 30 that's a buy
TXN under 50 was a great buy
INTC under 45 that was a buy
ICGE under 18 that's a buy
CMGI under 30 again...that's a buy
Most of these will start running in November or so until March or April...maybe not as much as last year but they will run...old money is taking a position and so should you...
prudence says sell into a rally against the tide...some sectors are moving so those don't count (like fuel cells) but no stock is immune to this tide...
ICGE and CMGI...wowsers
Look at MOT and CDO...
End of month smack down in progress on the OTC...eom
ATEX really moving gapped 10% or so but so far I see it's up 30%...that small float could be explosive...guess I should have pulled the trigger first thing...still watching...could have got a 20% ride to day. Over the last week it's just about 100% up...and there is a buzz about it...be careful with the momo...
VDOT pushed down on no volume, looks like a down trend in progress...
NVEI got a good PR...
PCBM up.001 to .102 hmmmmmm
EK too late to short...
If you beat the street good get a few %...but if you warn...ohhboy...expecta dive...
LMGR could be time to pull the trigger...I'm in a conundrum over that and ATEX...similar floats by the way...you get shares of another company if you hold it on ATEX but I think you can get into LMGR easier than ATEX...
ATEX has popped up all over the web gapped up today so in order to get that 20% you had to be on friday...may gap again in the morning...PE 10 million four float...yeah it's speculation but it the kind of spec I like...
Watch your butt may be difficult in or out...I'll be watching real time streaming quotes...at 3freaking:30 HST.
MARKET REPORT
************************************
An early morning rally that generally sent stocks sharply higher fizzled
into a mixed session by midday with technology issues handing in a mixed
performance. Small caps, which had been up earlier in the day, lost their
momentum late in the trading session to finish lower.
At the close, the Russell 2000 Index was off 1.27 points, or 0.2%, to
517.55, while the S&P 600 ended lower by 0.52 points, or 0.2%, to 215.60.
The Wilshire 1750 slipped after its initial climb, tumbling by session end
to 855.40, down 2.19, or 0.3%.
Early enthusiasm was prompted by Friday's actions by President Clinton to
release oil from the nation's strategic reserve and by the Federal Reserve
decision along with other central banks to buy euros. While Wall Street
initially cheered the move, enthusiasm soon waned.
"Those are Band-Aids to the problem," said Barry Hyman, chief investment
strategist at Weatherly Securities.
He sees the market as sector driven and "very fractured" at least until
third-quarter earnings begin in about two weeks. Hyman sees some of the
current market volatility affecting media stocks especially radio
broadcasters more negatively than others.
Within small caps, shares of radio stocks were mostly higher Monday.
Beasley Broadcast Group Inc. (NASDAQ: BBGI) advanced 1/4, or 2.3%, to 11
5/16; Spanish Broadcasting System Inc. (NASDAQ: SBSA) picked up 9/16, or
4.8%, to 12 5/16; and Saga Communications Inc. (NYSE: SGA) added 1 1/4, or
8.8%, to 15 3/8.
Early trading strength that was spied in certain small cap Internet stocks,
such as Go2Net.com Inc. (NASDAQ: GNET) and Go.com Inc. (NASDAQ: GOTO),
quickly eroded. Shares of the Web information providers dropped 8.6%, or 5
5/16, to 56 3/8 and 7.1%, or 1 3/16, to 15 1/2, respectively.
A number of small cap apparel issues were higher on the day, including
SteinMart Inc. (NASDAQ: SMRT), up 9/16, or 5.6%, to 10 11/16, and Pacific
Sunwear of California Inc. (NASDAQ: PSUN), up 3/4, or 4.1%, to 19 3/16.
But investor enthusiasm, based on a stronger euro, may not last for long.
One market watcher cautions that the central banks' intervention isn't a
cure-all for the ailing currency.
"The euro is still weak," said Alan Hoffman of Value Line Asset Management.
Hoffman also noted there is a lot of caution in the market, with many
investors holding out for the November elections. The Federal Reserve's
move, along with other central banks, to bolster the euro has addressed
concerns over the flailing currency's impact on U.S.-based multinationals,
which have seen overseas revenues decrease.
Also, President Clinton's decision Friday to release 30 million barrels of
oil from the nation's strategic reserves has moderated oil prices and
emboldened investors.
Among the broader indexes, the Dow Jones Industrial Average closed lower,
falling 39.22 points to 10,808.15. The Nasdaq also surrendered earlier
gains, falling 62.54, or 1.6%, to 3741.21. The S&P 500 ended lower as well,
off 9.69 points, or 0.7%, to 1439.03.
This morning the National Association of Realtors reported home resales
rebounded strongly in August to a seasonally adjusted 5.27 million units
from July's revised 4.82 million. Analysts' forecasts had called for an
increase to just 4.95 million units.
Consumers continue to buy homes at a feverish pace based on their belief in
the strong economy and reasonable interest rates. Despite the Fed's moves
to raise rates, mortgages remain surprisingly affordable.
Crude-oil futures fell after the Clinton Administration's decision to
release oil from the strategic reserves. November crude lost $1.08, or
3.3%, to $31.60 a barrel. October natural gas futures rose higher, however,
gaining 15 cents, or 3%, to $5.28, while December gold jumped $2.30, or
0.8%, to $277.40.
In Canadian trading, the Toronto Stock Exchange added 64.90 points, or
0.6%, to 10,631, while the Canadian Venture Exchange ended lower by 22.80
points, or 0.6%, to 3583.23.
In the currency markets, the Canadian dollar ended 0.2% higher at
US$0.6727, from US$0.6712.
And this is of interest:
09.25.00
Good Evening All and Welcome New Members!
Enclosed is ATEX. We were turned onto ATEX by a
friend today and thought it would make a good
alert to our members. We agreed.
We have not done any extensive DD on ATEX. We
have not watched how she trades. I can't offer any advise
on how to buy or sell it at this point. Like most of you I will
be looking at it tomorrow and will be seeing first hand....
just like you about ATEX.
Why even bring it forward then????... take a look ***below
and see why I like ATEX.
Trading well for the day - UP .20. I don't have any shares
at this time. However, if volume continues to pour in
and it shows signs of strength and continues to trend
positive... then I'll consider picking some up.
Shares Outstanding 8.75M
Float Only 1.40M!!!
Trades in fractions (.03 at a tick).
Cheers,
DS
http://moneycentral.msn.com/investor/charts/charting.asp?Symbol=atex watch not buy....
I've been sitting around watching PCBM and waiting for .10 but now I got cold feet...It's .101.
Why doesn't management just change the ticker or do a really mild reverse split 10% decrease...or something else that foprces the shorts to cover...?
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=PCBM&read=127773
PCBM Management should do what SWTI did today, put out a PR with a name change and a split. SWTI MMs are totally screwed.
Another stock to watch is ATEX, this stock is going to shoot through the roof THIS WEEK, spinning off stock to holders as of 10/2. Check the rb board for more details, 1.4m float.
Re ATEX
http://biz.yahoo.com/prnews/000919/il_avery_2.html
One thing leads to another....
TXN yeehaw look at it down there at 52...that's a buy...it was pising me off when it kept going up but that's gotta be a buy seem sto be dropping in after hours too...
INTC...drop baby drop trying to call the exact bottoms is futile but here are happy entry points two years fron now you'll be all happy...
Note that thru all this LCOS is inching UP....
Too many to do today....
"Dragons are volatile creatures by their very nature, and the general tenor of the stock market will be such that there will be great highs and great lows. The wise investor that can skillfully ride the undulating back of the Metal Dragon can make his or fortune (or lose a fortune if they are not so skillful) more easily and quickly during the Year of the Metal Dragon than in most years.
We have already talked about the Dragon being traditionally associated with wealth, splendor, and royalty. The coming new year has some real potential for people making lots of money. The tech stocks will probably go through some turmoil through the first two to three months. "
2000 is the year of the Dragon this was written before it started. Started 5 Feb2000; so Feb being the first month March the second April the third what a coinkydink THG
"One thing we can be certain of, the Year of the Metal Dragon will not be a ho-hum, sleepy, and tranquil period. There will be financial growth, but also disastrous happenings, which will largely be unpredicted and surprise almost everyone. "
Information...
http://www.natcorp.com/publish.html
THG, We HAVE TO find some alternative energy stocks. My bet is on
companies of foreign countries that aren't controlled by the oil
companies. Who came out with the first consumer automobile that could
achieve 50 MPG? Japan? Who is a 70 MPG vehicle? Japan.
So check this out: (Who hates the OPEC nations more than anything on
earth? Israel!
>From an e-mail that I received:
As we get deeper into this oil crisis, (and don't let the OPEC
pirates, politicians, and sleazy lobbyists fool you -- their actions
continue to make it a "crisis"), alternative energy sources are becoming
more and more attractive to both consumers and investors.
The latest news in alternative energy is coming from Israel, as
Israel-based Solel Solar Systems announced it just turned on its new
solar-based power source that will now replace 70% of its own electricity
needs.
Solel's 800 square meters of solar panels produces 50 kilowatts of
power for the building's air conditioning system. Once it has absorbed
enough energy, it will also supply heat and general electricity.
Currently Solel's technology can be found producing 350 megawatts
of electricity for 500,000 residents in Southern California. The World
Bank is also considering the power station projects which could be worth
about $200 million in Egypt, India, and Mexico.
What sets Solel's technology apart from previous solar projects is
that it produces electricity on conventional turbines, (which can be used
for nearly 80% of energy needs in large buildings).
Solel currently has orders for systems in Spain, Italy, Australia,
and Greece.
I like green stocks and alternative energy and VR are my picks for the future...
Hmmmm Money Money Money...
http://www.fool.com/news/foth/2000/foth000922.htm
Spend some time here jsut as light reading this week end...
http://landru.i-link-2.net/monques/
INTC....hmmm looks good to me...500K turns into 550...easy...
DELL...same it's a buy
CDO...
ELON...
All buys...use DCA just in case....
Remember 10 25 36 get one and never trade for less than a 10% profit...SL so you don't slip neg...or set goal and then hold till you hit it and then pull trigger...the OTC's:
VDOT LTH for 10 or better...laugh all you want
AQCI hard call at leaste 36%
MDCE LTH for 1.67 pie in the sky on this one but I know I'm gonna sell for more than .02 which is stll higher than my average...
INTC easy 20% over the next 6 months most likely more...
Freaking TXN...****ing me off...
Tried to pull the trigger on LMGR they moved the ask up...get it under 2.60...right now I show 2.5625 (9/16) good enough...
AQCI may show some life here soon...
NVEI still a hold
What up with PCBM?
PCW waiting for single digits...
TSM oh my only one day on sale...
Anybody else notice the PNLK VDOT link...first one moves then the other...
DO me a favor and name some VR stocks voice recognition...as many as you can find...FONX , RMAG....
JFSAG FEPO MOO
Where is everybody?
Nothing to post? Oh well:
9/22/00
Good evening, THG. "My Ameritrade Portfolio" was down $280 (-0.5%) as of 5:46 pm EST today:
Hows that for some trading...blood letting is almost over.
Lost the 11/4 dow/nasdq...every year since I was 20 and first got my first securities license I have been told Sept sucks and not to be in the market Sept and mostly Not October either...but to be in by NOV...here I am like a dumb as with my portfolio in equities at Sept instead of cash...next year out by March not back in till November...unless I see some obvious ones...
MARKET REPORT
************************************
A strong surge in stocks helped push many of the averages into positive territory in the last few minutes of trading. What started out as a bleak trading day ended surprisingly well for small caps and the Dow Jones Industrial Average, after another volatile day of trading.
On the back of an earnings warning by Intel Corp. (NASDAQ: INTC), whose shares broke a single-day trading record at 265-plus million, investors helped push down the tech-heavy Nasdaq Composite Index to its lowest level since August.
Thursday's late-day announcement by the computer-chip giant, which said it expects third-quarter revenues to be lower than expected, caused the market
to tumble fast and hard.
Intel, which earlier said it was having trouble keeping up with demand for microprocessors, is a component of the Dow, as well as the Nasdaq Composite Index, which reflected the stock's downturn with stunning losses earlier in the day.
Peter Cardillo, an analyst for Westphalia Investments, said the market reacted wildly to Intel's announcement. "The pendulum swung in a very erratic way," as nervous investors sold off tech shares, he said.
Cardillo also noted "three E's" had a profound effect on the market: The euro, energy prices and earnings. Intervention by the European Central Bank helped assuage concerns over the flailing euro, Cardillo said. And OPEC's assurances that $40 a barrel oil isn't on the horizon, have helped to lower
oil prices.
For its part, Intel blamed the falling euro in part for its disappointing third-quarter results. A less-favorable exchange rate for euro users results in fewer sales of personal computers and other technological goods in Europe, due to increased prices. As the euro falls in relation to the dollar, American goods become more expensive.
Double-digit losses could be found in a number of small cap semiconductor issues. At close, shares of Integrated Silicon Solution Inc. (NASDAQ: ISSI), were off 1 7/16, or 6.1%, to 22 5/16, while Exar Corp. (NASDAQ: EXAR) ended at 105 3/4, down 9 3/8, or 8.1%. TelCom Semiconductor Inc. (NASDAQ: TLCM) shares fell 13/16, or 5.7%, to 13 9/16.
While tech issues suffered a beating, more traditional sectors rebounded nicely. Within small cap stocks, shares of biotech companies Intermune Pharmaceutical Inc. (NASDAQ: ITMN) gained 8 7/8, or 19.1%, to 55 3/8, and ImmunoGen Inc. (NASDAQ: IMGN), picked up 5 1/8, or 17.6%, to 34 1/4. Zygo Corp. (NASDAQ: ZIGO), a medical-device maker, advanced 11 7/8, or 16.7%, to 83.
In fact, it was strength in "old-economy" stocks that helped the Dow Jones Industrial Average recoup much of its losses. It ended the day in positive territory despite Intel's pull gaining 81.85, or 0.8%, to 10847.37. The Nasdaq wasn't as lucky, but after sustaining losses in excess of 5% early on, the tech-laden index lost just 25.14 points, or 0.7%, to 3803.72. The broader S&P 500 ended the day marginally lower, dropping 0.33 points to
1448.71.
As Cardillo noted, the European Central Bank moved Friday to shore up the ailing euro. In a cooperative effort, the central banks of the U.S., Canada, Japan, England and the euro stepped in and bought the common European currency to prevent further erosion of the purchasing power of European consumers.
The euro rebounded shortly after intervention to around US$0.90, but then slipped again, to around US$0.88.
Checking in on small cap indexes, the Russell 2000 ended the day in positive territory gaining 4.46 points, or 0.9%, to 518.81, while the S&P 600 picked up 1.63, or 0.8%, to 216.12. The Wilshire Small Cap 1750 was higher, as well, and advanced 5.51, or 0.6%, to 857.63.
November crude oil futures lost ground, dropping $1.35, or 4%, to $32.65 a barrel, while October natural gas futures slipped 2 cents, or 2.8%, to $5.14. December gold gained $1.70, or 0.6%, to $275.20.
In Canadian trading, the Toronto Stock Exchange ended down 35 points, or 0.3%, to 10,566, while the Canadian Venture Exchange lost 11.17 points, or 0.3%, to 3606.03.
In the currency markets, the Canadian dollar dropped 0.2% to US$0.6712 from US$0.6726.
TODAY'S MOST ACTIVE STOCKS AT 6:12:07 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
************************************
NASDAQ / OTC
*********************
Symbol Volume Close Change Company Name
TTRIF 12867100 0.07 0.00 THERMO TECH TECHNOLOGIES
ZOMX 10281000 8.31 -9.06 Zomax Incorporated
ARET 9529200 0.04 -0.00 AmeriResource Technologies Inc.
BICO 8583800 0.13 -0.00 Biocontrol Technology Inc.
ARTC 7356500 22.50 -8.38 ArthroCare Corporation
AMEX
*********************
Symbol Volume Close Change Company Name
HH 593900 7.81 -0.31 Hooper Holmes Inc.
EDG 538300 2.94 -0.06 DESIGN AUTOMATION SYS INC
AVN 522600 7.13 0.00 Avanir Pharmaceuticals
SGA 408600 14.13 -0.88 Saga Communications Inc.
VRA 392300 1.50 -0.06 Viragen Inc.
TODAY'S TOP PERCENT GAINERS AT 6:12:08 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
************************************
NASDAQ / OTC
*********************
Symbol Volume Close Change %Gain Company Name
INDX 12200 0.56 0.21 60.57 Indo-Pacific Energy Ltd.
FDHG 380300 1.44 0.50 53.30 Fidelity Holdings Inc.
ALRC 71200 1.00 0.34 52.44 Alternative Resources
PFER 138100 1.25 0.41 48.28 PREFERENCE TECHNOLOGIES
RGNSE 65100 1.69 0.53 45.93 Regenesis Holdings, Inc.
AMEX
*********************
Symbol Volume Close Change %Gain Company Name
CGM 27000 5.00 0.88 21.21 Congoleum Corporation
AKC 234300 5.88 0.88 17.50 Access Pharmaceuticals
BGO 145700 0.50 0.06 14.16 Bema Gold Corporation
XLG 19300 2.63 0.31 13.49 Excel Legacy Corporation
UXP 1100 1.75 0.19 11.96 United States Exploration
TODAY'S TOP PERCENT LOSERS AT 6:12:08 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
************************************
NASDAQ / OTC
*********************
Symbol Volume Close Change %Loss Company Name
GAMM 18200 1.05 -1.85 -63.79 Global Entertainment
Holdings/equities Inc.
INTW 6031000 3.69 -5.47 -59.72 Interworld Corporation
ZOMX 10281000 8.31 -9.06 -52.16 Zomax Incorporated
CTCK 458900 0.57 -0.31 -34.86 CraftClick.com, Inc.
PAYV 53500 0.20 -0.10 -33.33 Payforview Com Corp.
AMEX
*********************
Symbol Volume Close Change %Loss Company Name
AI 311100 2.13 -0.44 -17.09 American Telesource Internat'l
FSW 72400 1.25 -0.25 -16.67 flightserv.com
HWS 8300 0.75 -0.13 -14.29 Hospitality Worldwide Srv
VTC 6400 5.63 -0.88 -13.46 N/A
SPO 4300 0.88 -0.13 -12.50 Sonicport.com, Inc.
Crappy hole!!!ON the AMEX!!!???
TODAY'S TOP PERCENT GAINERS AT 7:31:20 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
************************************
NASDAQ / OTC
*********************
Symbol Volume Close Change %Gain Company Name
POSC 229,600 0.53 0.13 32.81% Positron Corporation
VTTX 148100 0.66 0.22 50.11 Vitrix Inc.
AMMBD 221800 2.44 0.78 47.22 N/A
ALCD 55300 21.00 6.00 40.00 Alcide Corporation
WLDA 168300 1.09 0.28 34.56 World Airways Inc.
AMEX
*********************
Symbol Volume Close Change %Gain Company Name
DAR 32300 0.69 0.44 175.20 Darling International Inc.
DDN 43600 1.88 0.50 42.86% Dynamex Inc.
RIC 2200 1.31 0.19 16.71 Richmont Mines Inc.
ICL 29400 1.25 0.13 11.11 Intellicall Inc.
DRA 80300 10.25 0.94 10.06 Duraswitch Industries
MARKET REPORT
************************************
Stocks Thursday continued to be influenced by nagging worries over energy prices, the sagging euro and third-quarter earnings. Among the major indexes, only the Dow Jones Industrial Average ended the day in positive territory.
Semiconductor stocks suffered another volatile bout, this time ending the day lower. The Philadelphia Semiconductor Index closed down 42.46, or 4.1%, to 988.37. The Nasdaq Composite Index somewhat more insulated from semiconductor losses dropped 59.74, or 1.5%, to 3837.69.
Annette Geddes, managing director at MD Sass Investors Services, attributed much of the recent volatility in semiconductor issues to the analyst community, whose comments and warnings have triggered drastic swings in share prices.
Geddes also said investors are still grappling with persisting concerns about third-quarter earnings and how energy prices and the euro will affect corporate profits and the "lingering effect" those issues will have going into the fourth quarter.
Concerns over higher energy prices, lower third-quarter earnings and the weak euro, are keeping investors at bay until the shake-out is over, said Pierre Ellis, senior economist at Primark Decision Economics.
The purposeful slowdown in the U.S. economy, manufactured in some degree by Federal Reserve fiscal policy, is working. The moderating demand for goods and services, however, is restricting companies' abilities to make profits, Ellis said.
He views the current turmoil in the market as healthy and believes it will pave the way for a sustainable post-election bull market.
"The economy is slowing in a healthy way," noted Ellis.
Buoyed largely by shares of Minnesota Mining & Manufacturing Co. (NYSE:MMM), which said it would meet earnings expectations for the second half of the year, the Dow Jones Industrial Average rose 67.70, or 0.6%, to 10755.62. Strength could be spied in two other Dow components: drug makers Johnson & Johnson (NYSE: JNJ) and Merck & Co. (NYSE: MRK).
Earlier this morning the Labor Department released its latest initial weekly unemployment figures, showing a decline to 308,000 from last week's revised 326,000. Consensus estimates had called for a drop to 315,000.
Markets moved little on the news in the belief that interest rates will remain steady at least until the end of the year.
In the futures markets, November oil futures slid, losing $1.33, or 3.8%, to $33.91, on news that Vice President Al Gore has called on President Clinton to tap into the nation's strategic oil reserve, in an effort to stem rising heating oil and gas prices this winter.
Gore called rising energy prices a "national crisis."
Small cap oil stocks were largely lower on the day's trading. Shares of Comstock Resources Inc. (NYSE: CRK) were down 1/2 point, or 4.5%, to 1 5/8, while St. Mary Land & Exploration Co. (NASDAQ: MARY) has fallen 1 7/8, or 7.8%, to 22 3/16. Mitchell Energy & Development Corp. (NYSE: MND) is down 3 5/16, or 6.8%, to 45 5/16, and Prima Energy Corp. (NASDAQ: PENG) has dropped 1 5/8, or 3.1%, to 51 1/8.
Within small cap indexes, the Russell 2000 Index ended lower at 515.76, off 5.67, or 1.1%, while the Wilshire 1750 lost 13.27 points, or 1.5%, to 854.60. The S&P 600 was lower, too, losing 1.82 points, or 0.8%, to 215.72.
In Canadian trading, the Toronto Stock Exchange closed down 212.20 points, or 2%, to 10,601, while the Canadian Venture Exchange declined 27.30 points, or 0.8%, to 3612.49.
In the currency markets, the Canadian dollar dropped 0.3% to US$0.6723 from US$0.6740.
In commodities trading, October natural-gas futures declined, losing 2 cents, or 0.4%, to $5.30. December gold rose, up $1.20, or 0.4%, to $273.70.
A couple went on vacation to a fishing resort up north. The husband liked
to fish at the crack of dawn, the wife preferred to read.
One morning the husband returned after several hours of fishing and
decided to take a short nap.
The wife decided to take the boat out. She was not familiar with the
lake so she rowed out, anchored the boat and started to read her book. Along
comes the game warden in his boat, pulls up alongside and says, "Good morning
Ma'am. What are you doing?"
"Reading my book" she replies as she thinks to herself, " Is this guy
blind or what?"
"You're in a restricted fishing area" he informs her.
"But officer, I'm not fishing. Can't you see that?"
"But you have all the equipment, Ma'am. I'll have to take you in and
write you up."
"If you do that I will charge you with rape," snaps the irate woman.
"I didn't even touch you," grouses the sheriff.
"Yes, that's true.......but you have all the equipment."
Moral: Never argue with a woman who knows how to read.
THX Kumar
In general Sept has been a sucky month for stocks going back 50 years...but the 4th quarter has been good for techs for 10 years running...October, although feared by investors is generally a good month but has some stellar exceptions like 29 and 87...anywhoo note to self again:
In in the fourth quarter out by March...play rest of year repeat...
For big stocks, first and last week of month good...middle to weeeks muddle...
OTC first two weeks good end of month usually a smack down...So if you get good gains those first two weeks sell and take the profits and come back during or after the samck downs...
MACRO strategy refine for your individual needs as needed...
BTW it should be obvious that I copied that and it was not me...i do have a license although I have for a long time questioned why and I have current registration and insurance...
Gotta pick you fights or otherwise you are always fighting...
Hi.
Thursday I got to practice the fifth amendment and other things I'vebeen thinking on. keep in mind that I have no driver's license and Ihave never registered my car. The plates on the car came with it when Ibought it. The tags on the plates expired last year. Below iswhat happened.
At about 10:20PM on Thursday, September 14, 2000 I was traveling onInterstate 5 heading north and approaching the Interstate bridge that crosses the Columbia river between Oregon and Washington. There is an incline to the bridge and as I neared the top of the inclineI saw on the east (right) shoulder of the freeway a police car. The way it was parked led me to believe that the officer inside was probably using some sort of speed detection device to determine the speed at which cars pass by him.
Well, I was one of those cars that passed by him and he put his car in gear and got behind me in the left most lane and followed me across the bridge. As soon as we were off the bridge he started his red and blue lights flashing. I navigated my car to the right shoulder of the freeway and stopped a little ways before the on ramp from SR 14 enters I5. The officer got out of his car and came to mine. I locked my doors and rolled my window down about an inch and a half.
The officer informed me that he clocked me doing 70 in a 45 mph work zone. I ignored the statement and asked "How may I assist
you?". The officer then said "I need to see your driver's license." I said "If I had such an instrument, could you use it against me?" He did not answer my question, but repeated his demand. I repeated my question. He ignored again and again repeated his demand. I again asked if he could use it against me. I told him that I invoke my right which is protected by the fifth amendment to not incriminate myself. I asked "Am I under arrest?" and he said "No." I asked "Is there any reason for you to believe than I'm engaged in any form of commercial activity requiring a license?" He said "The law requires you to show me your license." I said "Are you licensed to practice law?" He said that he was a police officer. I asked again if he was licensed to practice law and I asked "Don't you know, that only those licensed to practice law can make determinations of law, determining who the law applies to?" He did not answer the question but again insisted that I show him my driver's license. I again asked if he could use it against me if I had such an instrument. I then asked again "Am I under arrest?" and again he said "No." He decided to go to his car for a bit. I sat there waiting for his return.
The officer returned and again asked to see my license. Again I asked if he could use it against me. I asked him to summon his
commanding officer. I asked him for his business card and he said that he did not have one. He said his name was Mike Hanson and his badge number is 975. I then said "I put you on notice that you are in trespass upon numerous of my rights." I then said "I put you on notice that for every minute you hold me here it will cost you ten thousand dollars." I asked him "Is your house paid up because I'm going to own it. I'm going to sue you." Again I asked him if he was licensed to practice law and he would not answer. After a couple rounds of wanting to see my license and me wanting to know if he could use it against me, he left to chat with another officer that had appeared.
Another officer appeared, and we went through the "I need to see your license, will you use it against me routine". His name is
something like Brusseau. He went away.
Another officer came to the window on the other side of my car and pointed to the glove compartment while knocking on the window
and saying something like "I need to see what's in there". I waved him to come around to my window and he came. I asked what he wanted and he said that he needed to search my car. I asked him if he had a warrant. He must not have liked that question because he left.
Another officer came who was with the Vancouver Police, He told me his name, but I did not catch it, I think it started with "Ta". Anyway, he went on to explain how the other officers were just doing their jobs. I asked him if he was there to protect my rights or if he was in collusion with the other officers. He paused for a minute then continued on with the doing their job thing. Then he left.
Another officer, black mustache, came to the other window pointing at my glove compartment. I waved to him to come on around, he left.
There were now two police cars behind me, a Vancouver police car on the on ramp from SR 14 and an unmarked police car behind him.
Four police cars flashing their lights.
During the above, other officers were writing what is commonly known as the VIN number down and an officer started calling me
"Steve something". I asked why they were calling me that name and they said that is who the car is registered to. I told them that you are making presumptions. Again they wanted to see my license and again I asked if it could be used against me if I had such a license. Another officer had a camera and twice the flash went off. Both times I attempted to not be seen in the photograph. They all left for a few minuts.
The original officer came back and told me something like "I will tend to the matter another time, have a good day." I said "OK". The officer turned of the lights on his car, but the others did not turn off their lights. I stayed where I was. About five minutes later, they got into their cars and one by one left. When I was the only one there, I started my car and headed off.
I took the first exit, which was the Mill Plain exit and there was a Vancouver police car parked on the shoulder. I saw it go there when it left from the place of encounter. I passed it and it followed me, but in the lane to my right. I went under the bridge on Mill Plain and into the lane to turn to go south on I5. The Vancouver police car passed me by. I went to SR14 and then home.
The whole thing took about 30 minutes (approx 10:20PM to 10:50PM). There was a lot of activity and I did not get everything that was said and the order may not be exact. Except for placing them on notice and invoking my right, all I did through the whole encounter was ask questions. Even when I informed them of certain facts, I did it in question form like: "Don't you know that only those involved in commercial activity are required to have a license." I did ask one of
the officers that questions. Of course most of my questions went
unanswered. Other questions I asked the first officer were: "Are you in collusion with the dispatcher?", "Is the being recorded?". He did say it was not being recorded.
My first plan it to get the names, badge numbers, and any other
information I can about the officers that were there that night. I plan to write a letter to the commanding officer of Mike Hanson to see if he authorized Mike Hanson to stop me without having any evidence that I was required to have license or for that matter, having any reason to believe that I was engaged in any activity requiring such a license. I need to know if Mike Hanson was acting on orders or was acting in his private capacity (Yes I know that he was acting in his private capacity, but I want it admitted to by those above him or I will
sue them as well). If he was acting under orders, then I will, of
course, have to sue his commanding officer too. And find out if he was giving lawful orders by his commanding officer and continue the process all the way up to the governors office. All of them that admit to authorizing said activity will be sued unless damages are paid me.
One half of what I get in damages over two hundred thousand dollars will be disbursed to those who help in accordance to what I deem was helpful and to the degree it was helpful. Those who want to help me on this case, please let me know what you can do. E-mail me at rfmeyer@effectnet.com If they pay me two-hundred-fifty thousand dollars right off, I will not sue. If have I have to sue, I will be going for several million dollars.
THG comment: after a bit of research I see the argument for licenses not required unless you don't own the car or are using it in a priveledged capacity...but is it worth it? Pay the mafia a few hundred bucks and go about your business...but them making you work 2 or 3 days out of the week to pay them or take 40% of your trading gains is where I draw the line and stand and fight...
This one is tricky issue...and I do not find it cut and dried. Taxes on the other hand...but some citizens will go all the way to prove a point about their rights and how they are being erroded and taken for granted every day...a lot of times they call a tow truck, impound the car inform you if you don't open up they will break in and arrest you...
I file these under the more guts than brains catagory...of course a lot of people say the same about me...
INTC just dumped it is a buy under 50 or at 50 all the way to 52...this markey is offering up buys but I got no cash to pick up these deals and nobody to blame but myself...
ISCO running like a bad doggy PR out...
LMGR just about down to the buy line
VDOT dipped down under .80!!!!!! Geee all that selling should have been easy to fill right...if you were buying...right...anybody fill in the low .80's?
And now for something completely different: Soup is good food:
http://shop.barnesandnoble.com/booksearch/isbnInquiry.asp?userid=5S130YQ4KY&mscssid=936GVLHV8USH2MR600CGNDBHFKBUB9ED&pcount=0&srefer=&isbn=0767901800=0385483279
I see buying ops in VDOT and NVEI...
NVEI is back on the rise...I got it first at 9.75 you'll remember, should have sold it at 13 but waited for news...got the news lol but not what we wanted...3 months and that one's happy...I CAN"T GET FILLED...dammit here we go again...
VDOT at 1.01 is a 100% gainer from here you telling me you don't think they'll see two soon? No brainer gainer like when PNLK hits 1.50 or lower
AQCI is looking interesting now...quiet period officially over...
Ditched TXN turned out to be a smart move...looking to get back in tho..
PPRO is moving...hey look our PE isn't insanely high like everybody else's...so of course the price is going up so that they'll have an insanely high like everybody else's...
Fcels moving positive...
Can't believe ROK keeps dropping MOT won't budge under 30...I want to buy it at 30 or under...
ICGE under 25...wheeee
TSM gotta like it...
CDO buy it under 20...
LMGR is at 2.75 or so almost there...
How bout that FONX...like it under a buck a lot under...
Still miffed about GTMI...
VOXX
http://news.cnet.com/news/0-1003-200-2816353.html
It is true that cell phone limitations are shifting. Within two years, we expect most cell phones will incorporate Bluetooth short-range wireless technology. We also expect increasingly high-powered PDAs to aggressively take on the market. Compaq's newest PDAs sport a 200-MHz StrongARM processor, for example.
Which means a lot of phones now will be obsolete in in the next two years plus that market continues to grow...
http://quote.yahoo.com/q?s=VOXX&d=v1
E-tailers Will Share in Xmas Gifts
by Lauren Beukes
September 19, 2000
Christmas cheer should spread to Internet retailers this holiday season, as Web shoppers overlook concerns about security, privacy, late deliveries and the recent high-profile e-tailer deaths.
One of every three Internet users will make a purchase on the Net during the traditional buying mania leading up to the holidays, according to Forrester Research.
E-tail sales could climb as high as $10 billion, Forrester said in a report. That’s almost double the Commerce Department’s estimates of the $5.3 billion spent online in last year’s fourth quarter.
Jupiter Communications pegs online spending at $11.6 billion for the season, a 66% jump from last year, although some $2.6 billion of that total will go toward online travel spending.
But, while the growth rate looks phenomenal, it’s actually a deceleration from last year’s 126% rise from 1998. The playing field is leveling out, experts say, and well-established brand names and an emphasis on customer service will be far more telling indicators of e-tailers’ success than the millions in ad spending.
Jupiter predicts that this year e-tailers will spend less on advertising and focus more on marketing efficiency.
According to Web research firm, Gartner Group Inc., consumers will have little patience for late or lost orders and bad customer service, which were rampant during the last holiday season. And without consumer loyalty and repeat purchases, e-tailers will lose out on profits and fail to attract new business.
Already, several online retailers have fallen by the wayside. The most famous example, Boo.com, a hip European clothing retailer, blasted through more than $120 million before declaring bankruptcy just six months after its launch.
More recently, ClickMango, a natural health Web site founded by Absolutely Fabulous star Joanna Lumley, fizzled earlier this month after failing to find eleventh-hour backing, and Living.com, an online furniture store died in August.
Failing online ventures are nothing new in the wake of the dot-com crash. Neither are consumer concerns about using their credit cards online, especially after beauty supplies site Eve.com shut up shop temporarily last week when a security breach made the details of thousands of customer orders available.
Of new concern, however, are the privacy issues, brought to attention after Toysmart.com went bankrupt in the spring and tried to auction its customer data, despite promising its shoppers privacy. Other major retailers, including Amazon.com (NASDAQ: AMZN) have since amended their privacy policy so that their customer databases are considered company assets.
Still, despite the brouhaha in the media and from privacy groups such as the Electronic Privacy Information Center (which terminated its affiliation with Amazon last week), the lack of a major consumer backlash to date suggests that privacy isn’t a high priority for many Web shoppers.
In spite of security breaches, credit card fraud, poor customer service, faltering stores and even a disastrous pricing experiment from Amazon.com in which some buyers were charged more for exactly the same DVD, many e-tailers appear to be going strong, or at least taking steps in the right direction.
Jupiter believes that Web shoppers will head for the brands they already feel comfortable with, whether online, in the form of Amazon.com and its ilk, or the Internet counterparts of real-world chains such as Wal-Mart (NYSE: WMT) and Circuit City (NYSE: CC), both of which have been strengthening their brands online.
Barnesandnoble.com (NASDAQ: BNBN) replaced Amazon.com as Yahoo’s (NASDAQ: YHOO) premier bookseller (pushing the company’s shares up by over 30% today) when Amazon’s contract with the portal giant expired and both parties agreed not to renew.
Amazon is sticking to AOL.com (NYSE: AOL) as its major partner and today the online titan also signed a deal to license its controversial one-click technology to Apple Computer (NASDAQ: AAPL). The technology lets repeat customers buy items with one click instead of having to enter their payment details every single time.
Other news today included the launch of Style.com, a new fashion Web site by Vogue and W, that displays fashion news, gossip and pictures – and click-through links so upmarket style mavens can instantly purchase the hottest new fashions online.
Another fashion site, BlueFly.com (NASDAQ: BFLY) is barely limping along, but its competitor, Fashionmall.com (NASDAQ: FASH), recently bought the rights to Boo.com with plans to re-launch the site this fall – in time for the anticipated Christmas rush.
VDOT just became a no brainer gainer and I'm out of money...!!!
Dark Dragon I was unaware there was a problem with SL on OTC's< I use Ameritrade...I also use limits almost exclusively...if your broker won't do a SL where you want use mental stops and price alerts Yahoo Ameritrade and a bunch of others will email you page you and call you you if your stock hits a certain price...
How bout that ARIBA lost 8 yesterday but gained 11 today...would I have been clever enough to cover by close or at open or would I be losing 3 bucks a share...?
VDOT is down lower than I expected it to go now...and NVEI dipped on what should be good news but I understand the psycology behind that sell off speculators don't want to wait for news in this market...plus they can smell spin...
AQCI quit sliding and so did MOT...because I want then to drop so of course...
GTMI dammit dammit dammit...I had that one and I let it slip by...I think it was i like it a lot more under .70 and I actually wrote down under .50 on my pad...but that page got crowded and I started another one...whatever lame o excuse I can give that was a blown op...oh well there will be others. It's just annoying to have it on the watch list and then not capitolize...
TXN happy happy joy joy...
MARKET REPORT
************************************
Stocks slid fast and hard in trading Monday. Nagging concern over the affect of rising energy prices and the weak euro on corporate earnings were blamed for the drubbing.
All small cap indicators were substantially lower on the day, with the Russell 2000 Index doubling its midday losses down 14.20 points, or 2.7%, to 516.68. The S&P Small Cap 600 Index tumbled, too, losing 6.15, or 2.8%, to 216.77; while the Wilshire 1750 Small Cap Index lost 21.39 points, or 2.4%, to 852.42.
Semiconductors reversed gains from earlier in the day. The Philadelphia Semiconductor Index ended the day down 23.34 points, or 2.4%, to 951.25. The semiconductor downturn compounded the Nasdaq Composite Index's woes. The tech-laden index for the session fell 108.71 points, or 2.8%, to 3726.52.
Internet issues are down "across the board - across the whole space," said Jennifer Jordan, a senior equity analyst at First Security Van Kasper.
Jordan said some of the selling can be attributed to a Morgan Stanley Dean Witter & Co. note to clients advising investors to cut back slightly on stocks because of an expected slowdown in corporate profits.
The Internet sector is hit especially hard by such news, Jordan said. With Internet stocks, there is a much-longer time to profitability. They are considered an aggressive-growth approach to investing, meaning Internet issues might be the first to go in a shrinking stock portfolio, she noted.
Shares of software-maker Allaire Corp. (NASDAQ: ALLR) fell over 40%, after the company said its third-quarter earnings would fail to meet analysts' expectations of 7 cents a share. The company said it would instead realize a loss of 5 cents to 20 cents a share. Shares of Allaire ended the day at 10 7/16, off 7 1/16.
Another small cap issue, heating and air-conditioning giant Lennox International Inc. (NYSE: LII), saw its shares lose nearly 20%, or 2 3/8, to end the day at 10 1/16. Earlier in the day, Lennox lowered its earnings estimates for the remainder of the year.
Despite the broad sell-off, Sam Stovall of Standard & Poor's remains upbeat on smaller stocks. He noted the S&P 600 index of small cap issues is up 13% for the year, and has a more attractive price-to-earnings ratio than the S&P 500.
Stovall said a "combination of worries," carrying over from last week, including a weak euro, rising energy prices and corporate profits have investors jittery.
He also said he expects that the U.S. economy would be hurt far more by the falling euro than by energy prices. That's because energy makes up a much smaller portion of the U.S. economy than it did 20 years ago.
Third-quarter-earnings worries are also on the mind of Uri Landesman of AFA Management Partners, who sees them still affecting the investor's mentality. But bellwether tech issues could cause a surge of interest if they come in with positive earnings pre-announcements, he said.
Landesman believes with so few companies prematurely releasing earnings data, it is difficult to gauge investor sentiment. If the bellwether tech issues manage to eke out satisfactory earnings, investors may react positively to the news or lack thereof, Landesman said.
In the broader indexes, the Dow Jones Industrial Average dropped 118.48, or 1.1%, to 10808.51, while the S&P 500 lost 21.30, or 1.5%, to 1444.51.
In Canadian trading, the Toronto Stock Exchange headed downward, too. The TSE lost 281.60 points, or 2.5%, to 10782, while the Canadian Venture Exchange reversed earlier gains and is now down 43.05 points, or 1.2%, to 3647.02.
In commodities trading, October crude-oil futures rose 96 cents, or 2.7%, to $36.88 a barrel, while October natural-gas futures rose 9 cents, or 1.7%, to $5.30. December gold fell 80 cents, or 0.3%, to $275.
In currency markets, the Canadian dollar fell 0.3% to US$0.6716 from US$0.6737.
In economic news Tuesday, look for the latest statistics on August housing starts, due at 8:30 a.m. ET. Wednesday brings information on July's trade balance, and the Federal Reserve releases its latest Beige Book a survey of regional economic activity at 2 p.m. On Thursday, the latest weekly initial-unemployment claims will debut.
TSM is a buy...Mike says so too...never thought I'd get it under 30 again...Hey David Pang post something you were there...Taiwan that is...(wrote me about the chip makers there...)
PCW should dip under 10 then buy it...
SSCP up 10% that was a no brainer if wasn't for the ****ty market it would have been up more...same goes for LITH...
IFTP hmmm...all that rev under a buck do you believe the hype?
ARBA almost shorted it but I just can't bring myself to do it for any stock no matter how obvious it seems...8 bucks a share...was made to day alone if you shorted...b2b craze is over and they still have a huge price and they just hit a double top and the market isn't freindly...and and and...that one is going lower near term but after 8 points today shorting now gets really risky...
CPTH is another one...should go down before it goes up...
I did some TA on VDOT and called the bottom at 1.25 before we head back up again...my sinsere apologies to those who got more at 1.40...I didn't get the word out soon enough although a few of you got word by phone...long term it's just pennies though I'm telling you this one will move up soon (soon being relative)...give it a couple quarters to show earns and then give it a PR or two about deals...
VRTL DCA it on down under 12 it's pretty safe to assume you'll get profits...to those who can't put a SL in with their broker on an OTC get a broker who will. Period.
IBAS under 20 looks like a buy to me...
Watch PCBM...
NVEI should have some news here soon...
AQCI like it close to .40 under that I love it...news soon too I think...
Drowning in a sea of red...
Damh now there are so many bargains I can't put them all in one post and I don't have the cash to buy all the ones I like...
CDO near 21...
ICGE under 29...
ROK at 30...huge drop...MOT won't budge lower darn it...
RHAT under 20...
DCLK an anomily(sp?) up a tad...
PNLK down around a buck and a half will make money....
VDOT my TA said it could dip down to 1.25 and it did in fact past that tried to get more and as soon as my order went the ask went up 4 whole cents on less than 3K shares...no fill what a surprise...the earns will be out soon...
NSCT if I had taken my own advice and got a bunch of it around 1.25 I'd be sitting on about $400K right now...the way i felt about NSCt last year is the way I feel about VDOT this year...time will tell...sometimes you gotta take your lumps...today was such a day...
GTMI big gainer today that fell thru the cracks...if you go back and read the stock letter I said I liked that one under .50 well .38 is quite a bit below .50 but I wasn't watching and boom...coulda shoulda woulda...missed it totally...
PCBM now trading phantom shares...or at leaste if you believe everything you read...it is...
ISCO is dropping...I don't see a bottom...there is one my TA just dosen't make it obvious...asumming it would be right to begin with...
TWIC looks like you could make money from here... .26 I'd have a hell of a roll if I pulled the trigger...think I'll just watch...
LITH still moving...
ARET actually had a gain...so did CBLK...
So a lot of red but a few in the green I only own one of the ones in the green...
NVEI is down but still way up from my entry
AQCI is dropping and I would like to see it dip a little more so I can buy more...that's another one I had noted to get under .50 Like GTMI only I got it...of course it hasn't popped yet...shoulda got GTMI sold the rally then got AQCI...first shoes then socks...no wait it's the other way around...
Fuel Cells gave some back today except DCH and MCEL...
In this climate miss earns or warn and you get hammered...but beat earns but don't show "future" growth and you get hammered ROK and ORCL show this...so even if you are doing well you get hammered if you don't you get hammered so no matter what you get hammered...watch for the good ones that get hammered and buy...a year from now you are happy...
This week/month ones to watch:
BYCI, LOCH, VSH, SSCP, LITH, PCBM, IFTP
Especially LITH, PCBM, IFTP this week the othere for the next 4 weeks...
Just finnished Jesse Venutra's "Do I Stand Alone?" I recommend it...in fact required reading for our times...