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I an drooling, looking at SAE* today! What do you think of that?! GROW CNEX!
Market news:
NEW YORK (AP) -- An encouraging trade report and signs that a tax cut package would pass the Senate sent stocks edging higher Friday.
The government reported Friday morning that the U.S. trade deficit fell to its lowest level in nine months in October. Growing demand for American goods overseas pushed exports to their highest level in more than two years. The trade deficit narrowed to $38.7 billion, 13.2 percent below September's deficit of $44.6 billion.
In afternoon trading, the Dow Jones industrial average rose 22.06, or 0.2 percent, to 11,392.73.
General Electric Co. led the 30 stocks that make up the index with a 3.7 percent jump to $17.77. GE announced Friday that it planned to raise its dividend by 17 percent.
The Standard & Poor's 500 index rose 6.68, or 0.5 percent, to 1,239.68. All 10 company groups that make up the index rose.
The Nasdaq composite index rose 21.07, or 0.8 percent, to 2,637.86.
Prospects were improving that the Senate would approve legislation aimed at avoiding sweeping tax increases Jan. 1. Negotiators added a few sweeteners to promote ethanol and other forms of alternative energy. A test vote was set for Monday.
Thank you for the holiday wishes, Carnac! It has been a pleasure getting to know you, on this and other Boards. Grow CNEX!!
I am a basically a patient person, but when I get bored, I get antsy!
We'll just wait until Jan. or Feb., and see if we get a late Xmas present! : )
Indeed---we need a PR from Edwin about his financial and his Claims condition, in Feb., or before hopefully!
Lenderboy----Thanks lots, for the PCFG phone and contact info. I may just give them a call and ask them my questions. Will report any answers to the Board. Thanks again!
Can we contact them and ask if they've made money just from the run throughs? Would they tell us something if we called them up about this??
I can wait until February for Q4 news. We'll just have to bide our time until then, and pay some attention to other stocks, until February!
Happy Holidays to you and your family, Carnac!
I see....well, that is OK with them lying dormant I guess, as long as we have the Claims, as long as we can definitely pay for them and get all the Claims in our name, in time for any deadlines, by paying for them ourselves, and prooving them up! At least we seem to have $200K in reserves at this point too...
When do you think the several Claims will be purchased outright by Cannon and put into Cannon's name? In 2011 perhaps, or later than that?
We've GOT the gold, and a TON of it, as you say! Yippeeeeee! Good future days are in store for us, and the Queen, IMO!
Chuck--
Yes, the $7.95 trades at Schwab are very competitive and they are a reputable trading house. Thanks for your post!
BSNB
I agree, Schwab is very good, and available 24/7 by phone, too!
Post from foxwoods fan, on PCF* Board:
A quote from the PCF* board about 1975-1980 period:
....during the last gold rush a $2,000.00 investment in the right company(ies) could have turned into $20,000,000 in less than 5 years, more muli-millionaires were made during that gold rush period then the entire dot com era, just takes a little patience
So, more or less equal buys and sells---and 22 Million traded today, not bad at all! Thanks for the update!
From another Board, may be good advice for CNEXers:
A Message For tob999: ***(I don't have private messaging)
In reply to your message, the after hours trading is posted/shown on the main IHub PCFG web page that comes up, when you type in 'PCFG'. It is only shown daily after market close at 4 pm ET however.
Thanks, BSNB
Today CNEX held its ground much better than PCF* did, and PCF* is much closer to production! You never can tell what's going to happen, with these pinkie stocks!
WE're up 3.45% in after hours trading, it says!
Thanks for your great and realistic post.
It did have a really nice close. Maybe we can move up a little from here, with some more volume soon!
Yes, we will find out!
Gotta enter a lot of data into Excel this morning now, so taking a break from IHub for a bit...see you later today! Grow CNEX!!
Thanks for the trades Update!
I think the key to success with "buy and hold", as we were discussing yesterday, is to stick with your original investment, if the company and its goals and outlook are still sound, rather than "chasing" after the next pretty face (stock) that comes along. "Chasing" will get you burned every time, IMO, of course. "Buy and hold" will in turn reward you, 9/10 times, IMO also.
Mostly buys earlier, but big blocks of sells today? Thanks for your update!
That is great news--99% buys! Thanks for the update!
That is great news--99% buys! Thanks for the update!
Thanks for sending the buy and sell shot. Unfortunately, I could not view it on my computer. Can you tell me the ratio of buys to sells in a worded message, please? Are we mostly buys today?
Thank you! BSNB
Thanks for your message Trapper. Hope the choir concert by your daughter was very enjoyable. We're at 0.0003 now, I see! Yeah!!!!
Trapper--I'm going to say goodnight, as I am getting tired and got to rest soon. It's been Nice chatting with you!
Grow CNEX!!! Thank you again, LOTS, for recommending PCF* to me, too---I owe you one!
A quote frtom Foxwoodsfan, from another board, but could equally apply to CNEX:
We are in CNEX about as cheaply as it gets!
I now own 823,480 shares of CNEX, having bought a small amount more, when I sold my WOL*, and at the same time I also bought
slightly > 30,000 of PCF*.
Now we......Watch, wait, pray, and have lots of patience to go do other things, while the miners and minees and CEOs are working away!
Thank you, hellcatjr, for your great post on agreeing and disagreeing with whether Warren Buffet's wisdom applies to penny stocks. Good luck with your wise move, to wait until after the volatile holiday season, to invest a lot. Thanks for your words of wisdom!
We're definitely in really really cheaply in CNEX!
And I'm sort of in cheaply in PCF*, at 0.03, depending on what the ultimate share price will go to---it could go to $3, or even $30 (I wish!). So could CNEX, it could go to $3 one day, or higher!
I'm definitely learning, too! 'Buy and hold' is still a good strategy, I hear, if you think the fundamentals are still sound in the company you are invested in.
Another Warren Buffet quote (paraphrased, for lack of the actual quote):
I have the same problem, with buying and holding, in terms of patience and "having faith" in the stock, and having done one'd DD, but still holding onto it, when things look bleak...
If I had held Nova GOLD (NG) after I bought it at $4 earlier, last year, I'd have had a quadruple by now; it is at $16 today! Hindsight is 20/20!
Some more free advice from The Motley Fool:
*****************************************************************
10 Really Simple Financial Lessons to Live By
By Morgan Housel | December 6, 2010 |
If you liked The Black Swan, you'll love Nassim Nicholas Taleb's latest book, The Bed of Procrustes.
Unlike Taleb's previous books, there's no storytelling in this one. There are no predictions of future meltdowns. No warnings to idiot bankers. The entire book is simply a collection of hundreds of "philosophical and practical aphorisms" -- pithy one-line quotes full of meaning and importance.
I've selected 10 of those quotes that struck me as financial lessons. Few were meant as such -- these are broad aphorisms not meant to be confined to finance -- but all provide at least some lesson that can help make you a better investor. Enjoy.
1. Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
Fellow Fool Bill Mann calls this "Harvard stupid." Harvard stupid, he says, "comes from thinking that you're smarter than everyone, without recognizing that you still might not be smart enough to control the evil your creations threaten to unleash." We're looking at you, Goldman Sachs (NYSE: GS).
2. To bankrupt a fool, give him information.
I haven't seen the study, but I'm willing to bet there's a perfect inverse relationship between investing results and time spent watching CNBC.
3. "Wealthy" is meaningless and has no robust absolute measure; use instead the subtractive measure "unwealth," that is, the difference, at any point in time, between what you have and what you would like to have.
Plenty of those making $30,000 have ample savings. Plenty of those making $1 million a year live paycheck-to-paycheck and are buried in debt. Wealth is completely relative. As Chris Rock says, "If Bill Gates woke up with Oprah's money, he'd jump out the window."
4. What I learned on my own I still remember.
They teach about financial risk in school. If you still remember those equations, you're either a finance professor or devoid of a life.
Learning something because you experienced it is the most valuable form of education. Late in the housing boom, I invested in Beazer Homes (NYSE: BZH) and Citigroup (NYSE: C) because they looked cheap. I didn't realize that the way they made money made Russian Roulette look conservative. Losing money on those two is a lesson I'll never forget.
5. The calamity of the information age is that the toxicity of data increases much faster than its benefits.
As the blog The Reformed Broker put it: "The four most dangerous words in investing are 'It's the Lightning Round!'"
6. The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
If you find a cheap stock and you can't explain why it's cheap, there's a good chance you're missing something that others see. To quote Buffett: "If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy."
Take Annaly Capital (NYSE: NLY). There may be good reasons to own this stock right now. But trust me, Annaly's dividend isn't huge because it's a hidden gem that only you know about. If you're not aware why the dividend is so high right now -- because the yield curve is about as wide as it gets, and destined to fall -- you'll be taken for a ride as the economy recovers and that curve flattens. Others are aware of this. Just make sure you are, too.
7. Knowledge is subtractive, not additive -- what we subtract (reduction by what does not work, what not to do), not what we add (what to do).
A young child once asked Berkshire Hathaway (NYSE: BRK-B) vice-chairman Charlie Munger what advice he could give to ensure success in life. "Don't do cocaine, don't race trains to the track, and avoid all AIDS situations," he replied. What he meant, I'll presume, is that what you don't do is just as important as what you do.
8. A prophet is not someone with special visions, just someone blind to most of what others see.
Same as above. You'll win by default if you simply avoid the mistakes others make. Those who made a fortune betting against housing didn't have special insider knowledge. They simply didn't believe that housing prices could go up forever.
9. The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
One of the biggest disservices the media cranks out are daily market roundups that begin, "Markets fell/rose today on news that …" followed by a random and usually meaningless datapoint. Markets go up. Markets go down. Get over it and stop trying to connect the dots.
10. What they call "risk" I call opportunity; but what they call "low risk" opportunity I call a sucker problem.
The past three years, explained in one line.
Fool contributor Morgan Housel owns shares of Berkshire Hathaway. Berkshire Hathaway is a Motley Fool Inside Value selection. Berkshire Hathaway is a Motley Fool Stock Advisor pick. The Fool owns shares of Annaly Capital Management, and Berkshire Hathaway.
I just read on the Motley Fool web site, another great Warren Buffet quote, from his 20's:
Yep, too bad we didn't get the 0.0003 close! Here is a post from darbyflier about PCF*: