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All Aboard. All ashore that are going ashore. HMGP owners are invited to upgrade from the .165 level to the .17 level. You won't smell the MM stench at the higher levels. The view is grand. You will be able to see .20 from there.
Ahh! Doesn't it smell better up here.
vette, I got mine from lowman some time ago. I understand there is a place to send away to, but I don't know it. Someone who bought one, please inform vettekiller.
.15 is beautiful. 50% profit for those brave souls who bought at .10. Please don't tell your wife how smart you are because that will surely end this run. Shh, keep it under your HEMI hat.
chuc, It is easy, bid .15
Shhh. Don't tell anybody. This is a stealth move.
Gyro, exactly. The cure will be worth more than the diagnostic
test. Let them make Moro an offer. As to the competion, they know Abbott has licensed and they can too
Explanation, please. Nokia is not challenging IDCC patent validity but whether the patents are essential. Why does Mr. Pumpfree think that Nokia,the richest most successful mobile phone producer, is using this technology? Why not tell them to use their own IP developed by their vastly larger R&D organization and let him move on to greater glory. Pumpfree may think that the Japanese, who are paying to use the Interdigital IP, are not as competent to judge essentiality as he is? TIA
I am not a businessman. Can you explain why ABBOTT refuses to participate in any announcement of sgnificant progress on Recaf with BIOCUREX. It would greatly increase the price of BOCX which would improve their ability to raise funds and increase their research on a cancer cure. It would not cost a penny to ABT and they could benefit by such a cure. Thank you.
Small buying pressure has lifted HMGP to $.135. Sellers seem to be less aggressive. I can't help wondering if more buying will lift us up. Lowman reported that KA said that there will be news shortly. It looks like a good time to put a toe in the water. ( I should say oil)
Stealth move. We jumped 24% to .13 during a down day on Wall ST.
The sellers who have been killing us for months were absent. Nobody noticed or cared. I loved it. Shh, maybe we can keep moving up on dewatering followed by increased production.
New short rules today. Do you think that is having an effect on HMGP trading. Very little action.
Advice from the DPDW board.
Thanks very much Sam. One thing I might add though, when this is $80 I will maybe consider paying taxes on it. Just FYI. Otherwise, yes sir, these are the kinds of stocks that transform the lives of investors. There are two kinds of brainwashing in the markets in particular that work against the individual investor's ability to develop their steel determination and free will that gives them the conviction to ride the big winners to true wealth.
One is the old brainwashing that says: The little guy can't beat the street. That's funny. The whole reason an iHub exists in the first place is there are people who don't believe they have to settle for 12% a year from a mutual fund and can do it better themselves. But there is a dark side to that drive for self-determination which is an impatience that can lead to manic choices fueled by lack of true decision making.
Penny stocks attract independent thinkers, but it also attracts gamblers. And we all know gamblers without a technique give it all back to the house eventually even if they have a lucky run. So you have penny stock traders with technique who feed off those others without a backbone who follow whatever is hot. Somebody is making money on the penny stocks, but many are not.
So you can beat the street because the street still habitually overlooks stocks on the OTC (forget Pinks, just skip them entirely) until they are moving up towards an uplist or after that. This gives you repeated amazing opportunities every single year to identify future successes and get them cheap and become wealthy. It actually is the most traditional form of investing applied to the area of the markets that is perceived to be the least friendly to investors.
This microcap space is where the true stock picker thrives and accumulates and wins. When the street and the penny stock pack always disbelieves future blue chip companies cannot be bought for a buck that gives you a phenomenal edge. It is the truth, but only each person can experience the truth by developing their own conviction and seeing what it is to ride a 20 bagger.
A 20 bagger that goes from sub-penny to a penny and then collapses is NOT RELATED. I cannot put a quarter million dollars in a sub-penny. I got close to trying it with one pink and it was just greed that let me diverge from my already well established micro-cap investing strategies.
You need a great stock, not the cheapest stock. Don't ever forget that. People get lost fantasizing about multiples from bad companies with depressed share prices. Instead you should be looking at blue chip prodigies going places you can safely park larger sums of money in for a longer time frame.
The second aspect of modern markets that fuzzes peoples minds is the idiotic notion that Buy & Hold is dead. Dumbest thing I have ever heard in my life. Seriously, you have got to have rocks in your head to believe such nonsense. If you are a trader, trade, but never think it is the only way.
Buy & Hold works especially well in the microcaps BECAUSE you have the unusual advantage previously stated, which is: Nobody believes you until it is too late to own it as cheap as you bought it. By the time people start catching on, the earliest entries are gone. To buy a DPDW now at $2 is very, very smart because the trend, the future, the outlook, the foundation are pointing to something extraordinary now.
This is a good strategy for many, which is to buy a stock like this after a strong trend confirms the long term outlook and has already removed various risk layers by the time you enter. So it just becomes a matter of your percentage potential vs. risk. You bought this under a buck, you get a bigger multiple than the new buyer, but you all win. Because you are all investing.
The shareholder base is the second most important thing after management. Of course, the business is the valuation driver, but management is your guardian and deliverer of results. Seek them out in the cheapest stocks and invest in them. It is pretty simple really. Even the most elaborate DD in the world is no substitute for picking the right team. Pick shady people or inexperienced people dealing with shady people and you can find yourself mired in penny stock conspiracy theory wars. Pick a solid, experienced management team doing their next grab for the brass ring and buy them and hold on for your rewards.
The modern buzz environments mitigate against patience and Buy & Hold. Most want to be a trader it seems, but the majority of the big guns make their multi-millions going long. Going with the flow is a big part of trading, but sometimes the same can be said for realizing you have a winner and can load up and go long with that smart money flow that forms the rising tide around your boat.
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DISCLAIMER: These are my opinions only. Do your due diligence before making any investment decisions. I buy my shares like everyone else. I accept no form of compensation.
What Could Squeeze Shorts Next Week
By Jim Cramer
RealMoney.com Columnist
10/12/2007 2:36 PM EDT
Click here for more stories by Jim Cramer Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW
Next week could see some pretty violent short squeezes because beginning Monday, the SEC gets rid of the major exception to the rules it put through two years ago to stop naked short-selling.
I haven't read a word about this. But on Monday, if you are using one of several grandfathered exceptions that allowed you to stay naked short, including one that said basically if you were short it before you could stay that way and another that allowed you to hide behind options rules, you have to cover.
That means stocks that are or have been heavily shorted over and over, like a Taser (TASR - commentary - Cramer's Take - Rating) or an Overstock (OSTK - commentary - Cramer's Take - Rating) or some of these homebuilders, could see a big squeeze starting Monday.
I don't like to recommend ideas based on short-bashing. It is a sucker's game; lots of stocks are heavily shorted because they deserve to go down.
I think that you could see some wild moves and I wanted you to know why that could be the case and so you can game it accordingly.
TheStreet.com and James J. Cramer, its co
Here are the SEC regulations mentioned in Sen. Feinstein's letter. The report is extremely long and best suited for a patient reader. Eventually, you will get to the part about the time for settlement by brokers and market makers. It must now be 3 days and Knight (NITE) is one of those who objected to this provision.
http://www.sec.gov/rules/final/2007/34-56212.pdf
what is the bid-asked now?
thanks
Explanation, please. Gold mines are soaring because they have ore in the ground but little current profit. Oil exploration companies are rising because of their oil reserves. Biotech is rising because of patents on drugs that have excellent clinical data but no sales.
IDCC has excellent technology and numerous patents. Why is the stock lagging? One explanation is that Wall St. doesn't think IDCC can collect royalties from the big four mobile phone producers. Are they wrong?
There are a bunch of little chicks running around my yard chirping cheap, cheap. I am taking their advice.
badge, the chicks are hatched and saying Cheap, cheap. For what it is worth, we will break out through .13 in the next few days.
Tsunami. The bottom is in and a giant wave will engulf the shorts tomorrow. I have been waiting for the dewatering well to be approved. It is time to commit the reserves. I advise my extended family and do not make recommendations to others.
We are making progress with Samsung. I propose that all management bonuses be cancelled until after we have concluded the arbitration and litigation with Samsung and Nokia. We need the management to be aligned with interests of the stockholders. No money for each. If you advise us to sell, advise them to seek another job.
mschere, yes! Samsung is stupid. any questions?
duelittle, how do the MM's and brokerages know that there are airshares. Do they communicate with each other? If so, an investigation by the FBI would find Email messages.
Is it possible that the selling pressure is from brokerages trying to clear their books? Nite is loving it.
I know what is in the confidential Nokia response.
Hola bigmur, I didn't know you spoke Spanish. Producion esta bueno.
Salud, dinero y amor
NAked short sellers need to drive the stock price of HMGP lower so they can cover their sales. They will try to discourage current stockholders in order to get them to sell as the price falls. I don't know whether they have to cover by October 15, when NSS becomes illegal, because of the lack of supervision by the SEC and NASD.
The real question is whether the profit they make from selling HMGP short is worth the potential fines and sanctions resulting from an investigation.
Personally, I doubt it because HMGP is so small. Meanwhile, Positive news from Keith will stiffen the resolve of current stockholders, bring in new buyers and will defeat the NSS strategy. JMHO
Nite involved in naked short selling of HMGP, people say. What will happen after October 15 when this will be illegal?
SEC, NASD Sanction Knight Securities $79 Million for Fraud
Knight Management Team
Thomas M. Joyce, Chairman and Chief Executive Officer
Colin J. Smith, Chief Executive Officer & Chief Investment Officer,
Deephaven Capital Management
James P. Smyth, Senior Managing Director, Head of Broker-Dealer Client Group
Gregory C. Voetsch, Executive Vice President, Head of Institutional Client Group
Leonard J. Amoruso, Chief Compliance Officer, Co-Head Office of General Counsel
Bronwen Bastone, Managing Director of Human Resources
John B. Howard, Senior Managing Director, Chief Financial Officer
Thomas M. Merritt, Chief Legal Officer, Co-Head Office of General Counsel
Steven J. Sadoff, Senior Managing Director & Chief Information Officer
Margaret E. Wyrwas, Senior Managing Director, Corporate Communications and Investor Relations
SEC, NASD Sanction Knight Securities $79 Million for Fraud
Includes $25 Million in Fines, $41 Million in ill-gotten Gains, $13 Million in Interest
NASD Investigation Into Activities of Individuals Involved in Scheme Continues
December 16, 2004, Washington, D.C., - The Securities and Exchange Commission (SEC) and NASD announced today that Knight Securities, L.P., now known as Knight Equity Markets, L.P. will pay over $79 million to settle charges that it defrauded its institutional customers. Under this joint settlement, Knight will pay a $12.5 million fine to NASD and a $12.5 million civil penalty to the SEC. Knight is also ordered to pay $41 million in ill-gotten profits and $13 million in prejudgment interest into a Fair Fund established by the SEC for compensating harmed investors.
The SEC and NASD found that Knight’s former leading institutional sales trader priced trades in a manner contrary to customers’ expectations and industry custom, using deceptive trading practices to disguise his pricing and the amount of Knight’s profits.
“Every firm has a fundamental obligation to trade honestly and fairly with its customers, regardless of the customers’ level of sophistication,” said NASD Vice Chairman Mary L. Schapiro. “Knight’s fraudulent trading, extracting millions of dollars of excess profits from its institutional customers for two years, requires the strong sanctions imposed here.”
During 1999 and 2000, the sales trader generated a total of approximately $41 million in illegal profits for Knight executing orders from his institutional customers, including managers of mutual funds. The sales trader had Knight acquire a stock position after he received an institutional customer’s order, and then waited until the price of the stock moved before executing trades to fill the customer’s order, creating greater profits for Knight at the expense of his customer. If the price of the stock moved in favor of Knight’s position, the sales trader delayed executions and traded with his customers at prices reflecting the positive price movement. If the price of the stock moved against Knight’s position, the sales trader executed trades with customers based upon prices at an earlier time, which were more advantageous to Knight. His customers did not know when, or at what prices, Knight acquired stock pursuant to their orders, and the sales trader took advantage of that in trading with them, making tens of millions of dollars in excessive profits at their expense.
The SEC and NASD also found that Knight failed to adequately supervise the sales trader’s trading. The sales trader’s supervisor and the former head of Knight’s institutional sales department (the “desk supervisor”) was his brother. The brothers had a profit-sharing arrangement, approved by Knight, which gave the desk supervisor half of the sales trader’s trading compensation. This profit-sharing arrangement created an inherent conflict of interest with the desk supervisor’s supervisory responsibilities for the sales trader’s trading. While the sales trader was generating extraordinary profits in his trading with institutional customers, neither the desk supervisor nor anyone else at Knight conducted a meaningful review of the sales trader’s trading. No one in a supervisory role questioned the extraordinary profits that the sales trader generated, or undertook any steps to see how he was making them.
Knight’s institutional sales traders were also found to have reported thousands of trades improperly to the Automated Confirmation Transaction Service (ACT) during the period from April 2000 through March 2001. Knight’s traders improperly reported trades with .SLD modifiers (indicating a late trade report) and .PRP modifiers (indicating an execution that was supposed to have occurred earlier, based upon the price at a prior time) so Knight’s trading system would accept trades that were executed at prices different from the inside market at the time the trades were reported. Despite the long-running problem, Knight did not take reasonable steps to educate traders about the use of ACT modifiers, or enforce a system to prevent the improper ACT reporting. The SEC and NASD sanctioned Knight for these supervisory failures.
NASD also found supervisory failures by Knight over trading in proprietary “back book” accounts used by some of Knight’s employees for speculative trading. Traders received a higher percentage of profits generated in back book accounts than for profits in their market making accounts, giving them greater incentive to generate profits in the back book accounts. Knight did not have specific written supervisory procedures governing the use and supervision of those accounts.
In addition, NASD found that Knight had failed to produce documents in a timely manner to NASD during NASD’s investigation. Knight also improperly reported to NASD that the desk supervisor and the sales trader had terminated their employment voluntarily, instead of advising NASD that they had been permitted to resign. The desk supervisor and the sales trader left Knight after the firm notified them that it wanted to terminate their employment. Knight filed forms with NASD (Form U5) wrongly advising NASD that their terminations had been voluntary.
Knight agreed to the sanctions while neither admitting nor denying the allegations. NASD’s investigation into the activities of particular individuals involved in this matter
is continuing.
btw. above post found at another message forum.
http://www.investorshub.com/boards/read_msg.asp?message_id=12901803
http://www.investorshub.com/boards/read_msg.asp?message_id=12901975
Peter, Never mind I just had my order filled. I was going to wait for the production numbers but I couldn't resist this bargain price. GLTA
Peter, I could only get 500 shares of a large order at .125.
Usually, I get a quicker fill. Is it possible that the MM has to search for a desperate seller to fill my order.
What is the asking price now? Thank you
.12-.125 Why is HMGP stuck in this narrow range? Is there any reason it is valued here and not ten cents higher? If it is artificially held down, wouldn't a breakout have unusually strong upside potential selling is exhausted? A coiled spring?
I think so.
Undervalued! 55 million shares at $.12 is $6.6 million. However, at 1.42 Euros to the dollar, HMGP is only worth 4.65 million Euros. Nite and the othe naked short sellers are crazy to short this undervalued stock when Europeans discover that they can buy a real oil company for virtually nothing. Any Brits out there can buy into a growing oil company for 3.3 million British Pounds.
NEW YORK (MarketWatch) -- Oil prices of at least $100 a barrel are expected to become the norm as early as next year, as conventional supplies continue to decline and consumption in the developing world rises, CIBC chief economist Jeff Rubin said Tuesday.
"We're in a world of triple-digit oil prices for the foreseeable future," Rubin said at the CIBC 2nd Annual Industrials Conference. "Whether it's $100 or $140 a barrel ... is up to debate, but the bottom line is we're in the bottom of the ninth inning of the hydrocarbon age."
Rubin said higher oil prices will spur technological innovations, as well as growth in nuclear power and biofuels.
"I'm not sure in 50 or 60 years, oil will still have the role in the global energy market that it does today," he said.
Rubin said more of OPEC's production will go toward fueling its own energy needs.
Despite Wall Street's obsession with oil consumption by China and India, oil use in Russia, Mexico and the OPEC nations outpaced the world's most populous country last year.
In Venezuela and Saudi Arabia, for example, the retail cost of gasoline ranges around 25 cents a gallon -- cheap enough to consume in ever-larger quantities to fuel growth.
At the same time, oil-rich countries such as Kuwait and Mexico are starting to see declines in major oil field supplies, he said.
By 2012, Canadian oil sands could become the single largest source of new oil supply for the U.S. as Mexico's supplies become depleted, he said.
Recent oil sands acquisitions by Royal Dutch Shell (RDSA:royal dutch shell plc spons adr a
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4:01pm 10/02/2007
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RDSA 81.16, -2.19, -2.6%) and Marathon Oil (MRO:marathon oil corp com
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MRO 57.41, +0.39, +0.7%) could be the "harbinger of things to come," he said.
Six of the largest oil suppliers to the U.S. are poised to cut their global exports by nearly 2 million barrels a day by 2012, Rubin said.
The projected cut -- amounting to 7% -- by Mexico, Saudi Arabia, Venezuela, Nigeria, Algeria and Russia, "reflect the growing struggle in these countries to grow production and manage their own soaring rates of oil consumption," Rubin said.
Canada's oil sands production is expected to increase to 2.3 million barrels a day by 2015, up from about 1.1 million barrels a day in 2005, according to the U.S. Energy Information Administration.
Rubin's remarks come as big oil companies such as Exxon Mobil (XOM:exxon mobil corp com
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XOM 92.24, -1.71, -1.8%) continue to forecast plenty of fossil fuel to for the world's needs by at least 2030. See full story.
Steve Gelsi is a reporter for MarketWatch
Loophole, how can infringement not be wilful? Our 200 lawyers and 500 engineers never told us. Interdigital forgot to mention it in our licensing discussions. There is no word for infringement in the Korean language.
How long will this travesty coninue?
Who does Merritt answer to for the unacceptable stock performance?
Does he have to answer the tough questions that I get from my wife and children? When will IDCC stock make a reasonable return on investment after 8 years? I don't dare mention Nokia, Samsung, Ericcson or Motorola. They have heard it all ad nauseum. We have Met fans who want to fire Willie Randolph and not hear about waiting for better performance next year. Is Merritt a better manager than Willie?
They are not sophisticated investors like the members of this board. They naively think that stock price is a measure of company performance.
I would appreciate knowing what you tell your wives and kids.
I don't know Wilshire but I suspect that they have a plan to buy everything offered under a specified price. ( I don't know what it is.) I understand that they don't want to acquire a large position in HMGP at ever increasing prices. Sellers need to beware of a rise in the stock price from this base, once production figures are announced. JMHO
Congratulations to all you buyers at .125. You got the deal of the century. My sympathy to you sellers. If you are selling in distress, you can't help yourself. If you are speculating, you will regret it.
Congratulations to all you buyers at .125. You got the deal of the century. My sympathy to you sellers. If you are selling in distress, you can't help yourself. If you are speculating, you will regret it.
This is Keith's BIG STICK. The shorts need to cover here. I don't really understand the news release but it affirms that HEMI has a growth plan and it involves Wilshire. Oil in OK, TX, and KS is an ambitious plan.
my3s, Is the fire cooling in your oven Oh mighty baker of bricks?
Completed my order at .12. My thanks to the negative posters.
Buy at the sound of cannons and sell on the cries of victory.
Rothschild did well by not listening to the naysayers.