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Geac haas been quietly trying to sell itself for a long time. Maybe finally someone took the bait
Hawk: What do you mean not much excitement today?
Your favorite local play is aiming for $3.
CRY news:
http://www.stockhouse.com/news/news.asp?newsid=2624232&tick=CRY
Pre-open looks good
Push TD to upgrade your account. It is negotiable (They hate to lose volume traders) and will ease the commission pain. You may have to threaten them with a move …
STE ... Articles like this help
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&a...
Well, I don't know about this retirement stuff. He seems to be posting and trading more than ever.
Chickened out with all fingers, toes and a dime in the pocket. I'm just no good at this fast stuff
Back in at 2.01 with fingers and toes crossed
Me too BUT on the other side
One good hole aain't enough for me
Heads up on TYS.V.
Coming off a halt after news
Pre-open looks interesting
PHPI
OT – Reza - RobTV: What a stupid statement to make BUT the learning curve for us is steep. Been doing business with Chinese for years and I still have trouble reading them. At least a few things I know by now ...
Getting a polite smile and a gentle nod means "Code Red" because I have either just lost the deal or got royally "scre'd".
Drinking with them boyz will cost you a lot more than the bar tab unless you have a lot of practice in the booze department. Avoid Cognac! They must have been fed the stuff with their mothers’ milk but I have detected strategically important weaknesses on their part with Tequila and Scotch and or mixing beer, wine and the hard stuff. It works 8 out of 10 times. LOL
Happy birthday UT and easy on that Scotch during "working hours".
Cheers <VBG>
Buckey, got a heads-up this AM on one you might like … DRVW
It’s being promoted by the same group (www.otcpro.com) who pushed VIVI from 0.04 to 0.76 within a month or so.
I am in at 0.046 just for the heck of it.
Let me know what you think.
My pet, VRS.T, is turning into an energizer bunny. Can anyone see a potential top of this little run?
Part of these 29 Mil belong to me. Maybe I should team up with his wife ...
You just had to bring up my two "favorite" stocks, eh?
So, this is how you come up with your stock picks ...
AL: Only because I bailed yesterday. lol
Sorry Hawk. I should have checked the date of the post. May have been an older post. Now I can't find the darn thing anymore
Just saw this on another thread. Haven't had time to listen to it.
www.robtv.com
1:45 PM ET
The Trading Desk with Pat Bolland
Stock almost doubles in a week
David Slater, CEO, Hillsborough Resources
Duration: 6 m 53 s
HLB is a result of the coal bubble which in turn is a result of the steel bubble. The steel bubble has developed a hole. I wouldn’t short HLB right now but I would certainly not go long on a fundamental basis
RS: You are right. Why take the risk? Out at 48.30
TYS is one of the best promos I have seen in a long time. Nothing there to justify the price. Bought in Dec and sold today with a VBG on my face.
RS: I have thought about that but wouldn't it be reasonable to assume that the anticipated US reaction is already reflected in the Canadian trading?
I picked up a few at 48. Not a DT
NT ... I can see 3.50 in the cards
Anyone have any thoughts on AL.T?
Is the bottom in?
TIA
Just a little lunch time reading ...
Regulators probe Bermuda brokerage
By KAREN HOWLETT AND PAUL WALDIE
Thursday, January 13, 2005
A Bermuda brokerage firm active in Canada and accused of providing a “cloak of secrecy” to its clients, is under investigation by Canadian and U.S. regulators over its role in a series of alleged stock market manipulations.
The saga involves LOM (Holdings) Ltd., which operates brokerages in offshore banking havens Bermuda, the Bahamas and Grand Cayman, and whose clients traded through at least seven Canadian brokerage firms. Bermuda businessman Donald Lines and his sons, Brian and Scott, are the brains behind LOM. Donald Lines, a former chief executive officer of the Bank of Bermuda, founded LOM in 1992. He has worked in Canada and his sons were born and raised in Montreal, their mother's hometown.
The British Columbia Securities Commission said yesterday it plans to hold a hearing to determine whether it should stop the LOM group from doing business in the province because it may be acting as a front for undisclosed investors.
The regulator noted that LOM has been active in Canada, trading more than 800 million shares with a market value of $1.2-billion last year.
The LOM case raises the thorny problem of offshore brokerages located in secrecy havens that use established firms to do their transactions. Confidentiality is at the heart of offshore trading. Once an account is opened, it can be used by hundreds of individuals whose identities are known only to the offshore brokerage's officers.
“The problem with LOM is anybody can hide behind it,” Lang Evans, director of capital markets regulation at the BCSC, said in an earlier interview. “Individuals [are trading] without revealing who they are. That's not acceptable to us,” he said.
Canadian regulators introduced rules two years ago requiring banks and brokerage firms to lift the veil of secrecy on accounts opened in a company name. As part of an international crackdown on secrecy havens, Canadian firms are required to know the end beneficiaries of an account — those with a financial interest in it — rather than just the names of the corporate entity fronting the transactions.
In the United States, the Securities and Exchange Commission is investigating allegations that Brian and Scott pocketed profits totalling $4.4-million (U.S.) by manipulating the share price of two tiny, Vancouver-based companies, Sedona Software Solutions Inc. and SHEP Technologies Inc. The SEC also believes that two Vancouver residents participated in the stock manipulations through accounts at LOM.
LOM is accused by the SEC of destroying records and filing false reports to the regulator in connection with its probe. The family denies any wrongdoing and has challenged the jurisdiction of the SEC to seek information in connection with investigations into alleged fraud and stock manipulations.
A U.S. district court ordered LOM on Jan. 7 to comply with four subpoenas served on Scott Lines. The SEC said the company and Mr. Lines have refused to produce documents and to testify before the regulator.
LOM said in a statement this week that it plans to request a review of the court decision, handed down by U.S. district court Judge Alan Kay.
In an affidavit filed in court, Scott Hill, LOM's vice-president of compliance, denied the SEC allegations. Mr. Hill also said LOM has produced hundreds of documents requested by the regulator and that it has been constrained by Bermuda's confidentiality laws from disclosing client information. (Bermuda recently amended its banking law because of the LOM case.)
The SEC says LOM markets itself as an offshore brokerage where customers from around the world can trade behind a “cloak of secrecy.” In court documents, the SEC describes LOM's trading activity as “staggering.” In one two-week period last year, the firm traded 151 million shares in a variety of companies through one account.
For its part, the BCSC launched an investigation back in October, 2003, into a series of trades in the shares of a company listed on the TSX Venture Exchange called San Telmo Energy Inc. LOM made the trades between September, 2002, and March, 2003, through accounts at Canadian investment dealers on behalf of undisclosed beneficial owners, says a BCSC panel in its reasons for ordering the hearing, set for Jan. 31.
The list of dealers reads like a Who's Who of Vancouver's Howe Street and includes Raymond James Ltd., Haywood Securities Inc. and Georgia Pacific Securities Corp.
The BCSC panel said the accounts were contrary to the brokerage industry's “know your client” rules because the actual owner of the trading accounts were not revealed. While the panel noted that this issue was not initially before it, it said “we cannot turn a blind eye to the evidence.”
The matter went to a hearing last November because LOM did not respond to a demand for information about trading in the accounts at the Canadian brokerage firms.
© The Globe and Mail
GAC ... Not sure what's driving this. I am certainly not hearing good things on the revenue side.
FWIW
IVN / HUGO to list on NYSE and delist from Naz Jan 18
Great stockpicker ... No doubt BUT they make mistakes too. Why does this make me feel better? LOL
Just looked through the last quarterly report. They recently reloaded big time on Taser (TASR). I wonder if they got out prior to Taser's recent 30% haircut.
Returns like this make me wonder why I even bother with flipping stocks:
How Sprott scored big in 2004
By KEITH DAMSELL
From Thursday's Globe and Mail E-mail this Article
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Eric Sprott, one of Bay Street's best-known market bears, triumphed again last year. His decision to shun blue chips and make a big bet on energy and resources paid off handsomely for investors in 2004.
The Sprott Canadian Equity Fund blew away the mutual fund competition, reporting a princely 38-per-cent return last year. Over the past five years, the fund has been a repeat top performer, returning an average of 39 per cent annually and an average of 30 per cent since its inception in 1997.
To put the Sprott fund's performance in perspective, only a handful of the more than 600 Canadian stock funds surveyed by Globefund reported gains of 20 per cent or more in 2004. The benchmark S&P/TSX composite index, meanwhile, returned 14 per cent last year.
Despite the fund's performance, Mr. Sprott, its lead manager and head of Toronto's Sprott Asset Management Inc., remains “a bit leery of the stock market.” Lacklustre trading this week has kept him on the defensive. “I haven't recommended anybody buy our equity fund for the last three or four years because I am worried about the market breaking down,” he said.
The $577-million fund's portfolio is a bifurcated mix of conservative holdings and higher-risk stocks. Cash, gold bullion and gold equities make up about 55 per cent of assets under management. The remaining 45 per cent is made up of Canadian and U.S. small and mid-capitalization firms, with a big weighting in energy and resource plays.
Sprott is regarded as a research-driven company that is not afraid to sink money into little-known firms with tremendous potential.
Equity holdings include Pine Valley Mining Corp., a Vancouver coal producer up a staggering 2,900 per cent in value last year, and Calgary's Ceramic Protection Corp., a fast-growing manufacturer whose share price rose 766 per cent in 2004.
“We are not optimists but we are not bad stock pickers when we put our minds to it,” Mr. Sprott said. “I am always shocked at the end of the year when our equity fund is up 40 per cent. It goes totally against what I think is going to happen.”
The mutual fund sector ended 2004 on a strong note, reporting estimated December net sales of about $1.2-billion, the Investment Fund Institute of Canada said late Wednesday.
The sales tally represents the industry's best December performance since 2001.
A year ago, IFIC reported $1.1-billion in monthly sales. Sales in 2004 totalled $14.7-billion, the sector's highest sales results in three years.
IFIC's upbeat preliminary figures provided the first glimpse of the registered retirement savings plan sales season and were met with some optimism.
“It's positive momentum” and “means a good RRSP season,” said Peter Loach, an analyst at BMO Nesbitt Burns Inc.
Bill Holland, president and chief executive officer of CI Fund Management Inc. of Toronto, expects mutual fund sales will improve.
“Business should be materially better in the first three months of this year,” he said.
TD Asset Management of Toronto was the sector's best December performer, reporting $575-million in net sales. AIC Ltd. of Burlington, Ont., had the month's steepest sales decline, reporting $295-million in net redemptions.
Fidelity Investments Canada Ltd.'s well-publicized plans to cut fees on its family of mutual funds this month appears to have had no impact on the company's efforts to stem losses.
The Toronto firm reported $186-million in net redemptions last month.
Canadian income trust funds, an increasingly popular choice for investors chasing yield and income, were up an average of 21 per cent last year. Increasing demand for commodities pushed natural resource funds up an average of 20.8 per cent while resource-heavy Latin American equity funds rose 31.8 per cent.
Precious metal mutual funds were the worst performers of the year, down an estimated 17 per cent in value in 2004. Many gold stocks fell in value last year despite a modest gain in the precious metal itself, up 5 per cent to $438.45 (U.S.) per troy ounce.
So many good questions … So many valid arguments …
As Sultan said, in the end it ends up a very personal issue.
Swami calls it “guilt donations”. Maybe he is right but as long as “guilt” serves the need, the motivation is secondary.
Just for the record … I didn’t donate a cent to 9/11 knowing fully well that those affected would be looked after in a monetary sense. The same goes for food banks. 50% of the final beneficiaries aren’t really in need.
I suppose we all jump in when it feels right. Really not much different from trading. LOL
On that note, a Happy New Year to all.
kidl
Sultan: Just a thought ...
If we weren't preoccupied with our own "problems" could we afford to helput by donating 100's of millions / billions?
Let's be fair to our neighbors to the south.
They have qualified this 35 mil. It is nothing but initial seed money. What about the cost of the 16 warships and 1000's of soldiers, which are on their way?
Them Bush boys need to take lessons from public company PR guys. LOL
Thanks. I just checked. Regular hours today.
Is the TSX closing early today?
OT – Asia Tsunami Catastrophe
I suspect that many here have already helped with donations. Those who are hesitating, not because they don’t want to give but because they are unsure which organization will put their money to the highest and best use, may want to have a look at this website:
http://www.charitywatch.org/hottopics/tsunami_asia.html
It rates charities by efficiency; i.e. what percentage of each dollar donated is actually put to use versus fundraising and overhead costs.
One good example of an efficient charity is Doctors Without Borders. I ended up donating to them. Over 85% of funds collected end up in the “field”. I am sure there are even better ones. It’s a little like researching stocks. A bit of DD will go a long way …
Regards,
kidl
PS: Many of the charities listed have Canadian websites. Just replace the .org or .com with .ca
PPS: Also keep in mind that donations made before Dec 31 still count for the 2004 tax year.
I did not read it myself but heard some very good comments about this one:
http://www.dianefrancis.com/bio.htm
Apparently the depth of her research is impressive.
Merry Christmas, Happy Holidays, Frohe Weihnachten to all posters and lurkers of one of my favorite forums on the internet.
God bless
kidl
Reza: Lots of rumblings around CRY. Buy-out, merger, JV with land based gaming, European promo. Their Poker site is going gangbusters. They are earning themselves silly and have loads of cash they don't need.
CRY ... I was such an idiot. A long time ago I had a truckload of the stuff
http://www.stockhouse.com/bullboards/viewmessage.asp?no=7475912&t=0&all=0&StartDir=O&...