Luck is when Preparation meets Opportunity
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NTLDQ has sure been a strange one today. Major up and downs on the news.
Worry is interest paid on trouble before it comes due.
SBLU-.37 X .38 A/H...eom
Worry is interest paid on trouble before it comes due.
SBLU-here is the link...
http://biz.yahoo.com/rf/020904/tech_microsoft_1.html
Worry is interest paid on trouble before it comes due.
SBLU-maybe it will run for a few days. Last time it went up for 7 days in a row.
Worry is interest paid on trouble before it comes due.
Good question Spiel...LOL
Let me think about that one.
Worry is interest paid on trouble before it comes due.
Well I suceeded.
Only lost half of my profits tho.
Worry is interest paid on trouble before it comes due.
NVTL- I see SG picked up some today.
I picked up some SBLU today. Hoping it continues up now like it did on the last run.
Worry is interest paid on trouble before it comes due.
ZCC- made nice profit on this one. In @.09 and out at .12...
Gonna try and lose my profits on GPXM. Bought some close to the bell since it was still showing pretty good strength.
Worry is interest paid on trouble before it comes due.
GPXM- anyone playing this one today. Looks pretty stable on todays news. Dont see much profit taking. Looks like it went past the first resistance. Dont own any but thinking about picking up some.
Worry is interest paid on trouble before it comes due.
More dyn news...
I dont have any DYN FWIW
DJ Dynegy Close To Sale Of UK Hornsea Gas Storage Facility
09/02/2002
Dow Jones News Services
(Copyright ¿ 2002 Dow Jones & Company, Inc.)
LONDON (Dow Jones)--Dynegy Storage Ltd. Monday said it has received a number of
"very interesting" bids for its U.K. onshore natural gas storage facility, Hornsea, and
expects to sign a deal this month.
"We're confident of achieving a signed deal during September," a Dynegy spokesman told
Dow Jones Newswires.
Dynegy said in July it expected to have selected preferred bidders by the end of August,
but the spokesman said Monday the process has been delayed because of summer
holidays.
He declined to name the bidders or say how many interested parties have approached
the Dynegy Inc. (DYN) subsidiary.
Centrica PLC (U.CTR), TXU Corp. (TXU), E.On AG (EON) unit Powergen PLC and
Electricite de France (F.EDF) unit London Electricity have been among those named as
potential bidders.
Dynegy, which controls 86% of gas storage in the U.K., acquired Hornsea in 2001 as part
of its GBP421 million purchase of BG Group PLC's (BRG) storage business.
Hornsea, a series of underground salt caverns, represents 10% of Dynegy's U.K. gas
storage business. Press reports have estimated its value at 35%-50% of the total value
of the storage business because of its faster gas delivery rates.
Company Web site: http://www.dynegy.com
-By Hillary Jackson, Dow Jones Newswires; (+44 20) 7842-9366;
hillary.jackson@dowjones.com
Worry is interest paid on trouble before it comes due.
DYN news out .....
Reports: United Close to Picking CEO
SUNDAY, SEPTEMBER 01, 2002 10:20 PM
- Associated Press
CHICAGO, Sep 01, 2002 (AP Online via COMTEX) -- United Airlines' board of directors has called a special meeting for Labor Day amid reports it is poised to select an oil company executive as its new chairman and chief executive officer.
Glenn Tilton, the 54-year-old vice chairman of ChevronTexaco Corp. and acting chairman of struggling Dynegy Inc., has emerged as the front-runner to replace interim CEO Jack Creighton, according to several reports. He could be named to the job on Monday.
But both the company and union sources said Sunday that no final decision has been made.
United spokesman Joe Hopkins called the reports speculation and said the airline does not comment on rumors.
The pilots union, which has a seat on the board of United parent UAL Corp., declined comment on Tilton's chances of winning the post. But a spokesman said the pilots have a positive view of him although he has no experience in the airline industry.
"Based on the reports we've seen, he's a good man," spokesman Herb Hunter said Sunday. "We need some leadership. Right now we're a ship without a rudder, going through some rough seas."
Tilton last year was named chairman and chief executive officer of Texaco Inc., the nation's second-largest oil company, shortly before it was formally acquired by Chevron Corp. He was named to the board of embattled Dynegy in January and became interim CEO in May. San Francisco-based ChevronTexaco holds a 26.5 percent stake in Dynegy.
His previous posts included president of Texaco USA, president of Texaco Refining and Marketing, and head of Texaco's Global Businesses unit.
The other finalist for the United job - John Walker, a UAL director and CEO of Weirton Steel Corp. - also has no experience running an airline. But financially ailing United, which is trying to avoid bankruptcy, has had no luck attracting an industry veteran since it began its four-month search.
Creighton has earned the respect of United's unions, but he turned 70 and had said he wanted to return to retirement. A UAL board member, he took the post last October when James Goodwin resigned under pressure.
The Wall Street Journal, citing unnamed sources, first reported on its Web site Saturday that Tilton had won the support of the UAL board but not formal endorsement.
The Journal and two other publications, the Chicago Tribune and Crain's Chicago Business, said two other United executives are expected to depart at the same time as Creighton. They cited sources as saying Rono Dutta, UAL's president, and Andy Studdert, the chief operating officer, likely would step down.
Both have been under fire from United's unions for more than a year.
UAL has posted losses of nearly $3 billion in the past 18 months and has threatened to filed for Chapter 11 bankruptcy protection this fall if it can't get its costs down dramatically and win a government loan guarantee.
Creighton, who had vowed not to preside over a bankruptcy filing, set a Sept. 16 deadline for unions to agree on $2.5 billion in annual cost cuts for the next six years, including $1.5 billion from the unions themselves.
The pilots are being asked to shoulder the biggest burden, an estimated $750 million to $800 million, according to a source familiar with the proposal who spoke on condition of anonymity. The machinists have put their total of requested givebacks at $450 million, and the flight attendants' share is said to be $100 million. That would leave $100 million to $150 million in cuts for United's white-collar salaried employees.
By DAVE CARPENTER AP Business Writer
Copyright 2002 Associated Press, All rights reserved
Worry is interest paid on trouble before it comes due.
Did ORTC start making a comeback or am I missing something.
I see the low of .30 but it closed at .45 X .46 from what i see which is the HOD.
Worry is interest paid on trouble before it comes due.
ZCC looking good A/H. ask up to .11-news should move this one off of its 52 week lows.
Worry is interest paid on trouble before it comes due.
Picked up some ZCC at .09 on news today...eom
Worry is interest paid on trouble before it comes due.
USTT has 2 news out today I believe...eom
Worry is interest paid on trouble before it comes due.
ORTC looking bad on the news...eom
Worry is interest paid on trouble before it comes due.
I liked XXX
It is a action show with plenty of action. Some unbelievable stuff but still a good show. It is a couple of weeks old and i havent been to see any since then. I always go to this site to check out the new movies and see if they sound good to me. It covers everything. http://www.screenit.com/movies/2002/xxx.html
Worry is interest paid on trouble before it comes due.
Thanks I will check it out.
Worry is interest paid on trouble before it comes due.
Ortec To Trade on Bulletin Board
Business Editors & Health/Medical Writers
BIOWIRE2K
NEW YORK--(BUSINESS WIRE)--Aug. 30, 2002--Ortec International,
Inc. announced today that NASDAQ has denied Ortec's appeal for
continued inclusion on the NASDAQ Small CAP Market. Ortec was advised
last evening after the close of the Market, that effective with the
open of business on August 30, Nasdaq will delist the Company's
securities from the NASDAQ Stock Market. Accordingly, Ortec securities
will begin to trade on the OTC Bulletin Board.
Steven Katz, Ph.D., Chairman and CEO, said, "Nasdaq's denial of
our appeal necessitating our transferring to the OTC Bulletin Board
does not impact our ability to execute our business plan and near term
milestones. We will continue on the path of completing our venous
pivotal clinical trial this year and filing of our Pre-Market Approval
(PMA) application in the 1st quarter of 2003 and the consummation of a
corporate partner deal."
About Ortec International, Inc.
Ortec International, Inc. is a tissue engineering company involved
in the commercialization of a proprietary and patented technology to
stimulate the repair and regeneration of human tissue. Ortec's current
focus is the application of its OrCel(TM) (Bi-layered Cellular Matrix)
to heal chronic and acute wounds. Ortec is composed of a collagen
sponge seeded with allogeneic epidermal and dermal cells. These cells
secrete growth factors and cytokines normally found in acute human
wounds and are believed to have a beneficial role in promoting tissue
repair. In addition to having received FDA approvals during 2001 for
the treatment of Epidermolysis Bullosa and donor sites in burn
patients, a pivotal clinical trial is ongoing in venous ulcers and the
FDA has granted Ortec approval to initiate a pivotal trial in diabetic
foot ulcers. Ortec believes that its platform technology may extend to
the regeneration of other human tissue such as tendons, ligaments,
cartilage, bone, muscle and blood vessels. For more information, visit
Ortec's website http://www.ortecinternational.com
Certain statements made in this news release that express the
belief, potential anticipation or expectations, as well as other
statements which are not historical fact, and statements relating to
the clinical trials and their results, design, FDA product approvals
or other marketing approvals, features, functionality and performance
insofar as they may apply prospectively, are "forward looking"
statements within the meaning and pursuant to the Safe Harbor
provisions of the Securities Litigation Reform Act 1995 and involve
risks and uncertainties. The Company's actual results may differ
significantly from the results discussed in this news release or in
other "forward looking" statements presented by management. Factors
that might cause such a difference include, but not limited to,
development by the Company's competitors of new technologies or
products that are more effective than the Company's risks of failure
of clinical trials, dependence on and retention of key personnel,
protection of proprietary technology, compliance with U.S. Food and
Drug Administration regulations, continued availability of raw
material for the Company's products, availability of product liability
insurance in the event of commercialization of the Company's products,
ability to effect transition from pilot-scale manufacturing to
large-scale commercial production of products, uncertainty as to the
availability of additional capital on acceptable terms, if at all, and
the demand for the Company's products, if and when commercially
available.
--30--rr/cgo*
CONTACT: Ortec International, Inc.
Ron Lipstein, 212/740-6999, ext. 204
Worry is interest paid on trouble before it comes due.
Anyone see a good stock to hold for the weekend...IYO
Worry is interest paid on trouble before it comes due.
Looks like it pulled a 44.36% one already today...LOL
Just kiding. Maybe a good play for tomorrow.
Worry is interest paid on trouble before it comes due.
CMGI-last time it went up like this I made a killing on the gapper... Dont have any this round.
Worry is interest paid on trouble before it comes due.
INAP = ORTC killer
Hopefully can recoup losses from ortc with it.
Worry is interest paid on trouble before it comes due.
INAP back to HOD- could see a gapper here. Record volume also I believe. I guess everyone thought the news was good.
Worry is interest paid on trouble before it comes due.
Very few buys today on it if any I believe...
Worry is interest paid on trouble before it comes due.
NEOT runing- Almost picked up some at .14 today but never pulled the trigger.
Worry is interest paid on trouble before it comes due.
I finally bailed out at .48 today. Lost a few dollars on it but I didnt want to find out what the new 52 week low was gonna be. Hopefully it will rebound now for the ones still in.
Worry is interest paid on trouble before it comes due.
ORTC-Looks like a new 52 week low now. Where is the next leg down now I wonder.
Worry is interest paid on trouble before it comes due.
INAP..29 X .30 glad I picked up some first thing this morning. Volume may break 52 week high anyway.
Worry is interest paid on trouble before it comes due.
INAP -.28 X .29...up 45% at HOD....eom
Worry is interest paid on trouble before it comes due.
I tried to grab some XOXOQ when it was at .048 but rjt wouldnt let me buy it online so i just forgot it.
Worry is interest paid on trouble before it comes due.
INAP moving nicely today on yesterdays news. Nice volume also...eom
Worry is interest paid on trouble before it comes due.
ORTC- still in here...eom
Worry is interest paid on trouble before it comes due.
SBLU news today...eom
Worry is interest paid on trouble before it comes due.
ORTC post from RB from august 6th interesting - while the price is down 85% during the last 2~3 months, the short position as of July 15, 2002 reached 207,000 up from 76,000 in May 2002. Hmmm.....
I might buy a few after all....
Worry is interest paid on trouble before it comes due.
Maybe it will run right before close and gap up for us. ‹(ô¿ô)›
Worry is interest paid on trouble before it comes due.
Picked up some ORTC also at .55 Looks good to me
I got out of CALY this morning @.155 for .01 over what I paid for it so at least I made a few bucks on it. Glad I bailed on it.
Worry is interest paid on trouble before it comes due.
CNCE-Sorry it is old news.
Worry is interest paid on trouble before it comes due.
CNCE news late today......
http://biz.yahoo.com/djus/020821/1753000717_1.html
Dow Jones Business News
Conseco Bondholders Hope For Quick Deal On Eve Of Mtg
Wednesday August 21, 5:53 pm ET
By Tom Barkley, Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- Conseco Inc. (NYSE:CNC - News) meets for the first time Thursday in New York with an ad hoc committee of bondholders in what both sides hope will result in a quick and major restructuring of the insurer's heavy debt load.
ADVERTISEMENT
"Bondholders want a global solution, and they want a fast solution," said Eric Siegert, managing director of Houlihan Lokey Howard & Zukin, which the committee hired as a financial adviser. "They want to make sure that, at the end of the day, there is a very strong insurance and finance company," he added.
In announcing the formation of the committee Tuesday, Carmel, Inc.-based Conseco said it saw the organization by bondholders as a "positive development toward a prompt, successful restructuring."
Conseco announced plans to restructure its $6.5 million in debt, including about $2.6 billion in bonds, on August 9. Last week, the company warned in its second-quarter 10-Q filing with the Securities & Exchange Commission that it may have to seek bankruptcy protection if debtholders don't agree to a major restructuring.
Conseco also disclosed that it defaulted on a $1.5 billion credit facility and $700 million in guaranteed loans to current and former company officials, after violating a debt-to-capitalization ratio.
The banks gave the company a waiver on the default until Sept. 9, which is also when the grace period expires on its missed bond interest payments. Either default would cause cross defaults on all the company's debt.
Though industry observers say the rapid organization of debtholders bodes well for a quick restructuring, some sort of Chapter 11 filing is seen as likely.
"Any time you have a restructuring that is this large and complex, and with this many constituents, it's hard to see how that wouldn't have a Chapter 11 filing at some point," said Siegert. But he anticipates a prepackaged bankruptcy, in which "a Chapter 11 filing is nothing more than an implementation mechanism" and a judge signs off on a plan approved by the various creditor classes.
A portfolio manager whose fund holds Conseco bonds, but who isn't on the committee, agrees that a prepackaged filing is the most likely outcome.
"Clearly it makes sense to try to attempt a debt-for-equity swap, and I think that's what the company is trying to do. But an out-of-court deal with public securities will be tricky, since negotiations will probably run through the grace period," he said.
Unextended Circumstances
A debt swap Conseco engineered earlier in the year to push back maturities and buy itself time could come back to haunt the company in the restructuring process.
"I think the biggest hurdle will be getting the extended and the unextended noteholders to agree on how they will be treated," said Eric Tutterow, Chicago- based fixed-income analyst at KDP Investment Advisors, a high-yield advisory firm.
Since the tender offer was made via a Rule 144a private placement, and thus was only open to institutional investors, some smaller investors couldn't take part. The new notes, which now consist of about half of the amount of Conseco's outstanding bonds, are structurally senior to the old ones because they are guaranteed by the CIHC Inc., a holding company subsidiary that owns the stock of the insurance units.
"I think the guys that were unable to extend their notes will argue that they wanted to extend their notes, but couldn't, so they should get the same guarantee," said Tutterow.
Wooden Nickel Bonds?
Meanwhile, state insurance regulators are closely monitoring the restructuring effort. But with both the insurance units and other operating subsidiaries not involved in the restructuring, regulators are unlikely to be much of an impediment to an agreement, say industry observers.
Conseco said Tuesday its three operating units - Conseco Insurance Group, Conseco Finance Corp. and Bankers Life and Casualty Co. - continue to operate as usual.
Siegert of Houlihan said the committee agrees with the company's goal of keeping the operating subsidiaries out of the restructuring.
He described Thursday's meeting as "a kickoff meeting to determine a game plan and discuss important issues and next steps," declining to discuss any particular proposals bondholders will make. The committee's legal adviser is Fried, Frank, Harris, Shriver & Jacobson.
Conseco has hired Lazard Freres & Co. as financial advisers and Kirkland & Ellis as legal advisors.
Conseco shares, trading over the counter since the New York Stock Exchange moved to delist them earlier in the month, were unchanged at around 12 cents.
Conseco bonds have been on an extended decline, trading at cents on the dollar. The 8 3/4% notes due 2004 slipped a penny Wednesday to just 5 cents on the dollar.
-By Tom Barkley, Dow Jones Newswires; 201-938-4385 tom.barkley@dowjones.com
Worry is interest paid on trouble before it comes due.
Who knows these days. Seems the POS stocks with the most shares sometimes move the best. It definitly is not one I would keep for the long term. I been on a roll lately so maybe it will do ok. Knock on wood.
Worry is interest paid on trouble before it comes due.