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.
CELG still above today's low at 43.68.
CELG now down 59 cents at 43.81. Will buy remainder at 43.
CELG at 43.97, still have 100 shares at 44.15.
CELG stuck at 44. Won't pay more, but don't know when.
CELG finally is dropping. Now down 20 cents at 43.95.
CELG - Got 100 shares at 44.15, waiting for drop...
CELG won't go below 43.68 today. Now down 25 cents at 44.15. Will buy 100 shares at the market and hope it drops.
Entered a bid for PDLI at 23.10. Probably too low, but it can happen. It's a long day.
Pressure to buy PKZ is off for today. Now below 30.
PKZ hit a high of 30.34. Maybe I sold out too soon.
Sold all PKZ at 30.20, will re-add at lower price.
CEO up 51 cents at 42.85; PTR up 60 cents at 52.40.
Source: Briefing update.
Gold is at 399.50, but the best bet is to hold Swiss francs. Crude oil is unchanged at 36.20.
Treasuries higher on fears of Al-Quieda involvement in Spanish bombings. Gold and the Swiss franc are stronger. Dollar is weaker.
Spanish market is down 3.45%. Investors bail out of Spanish holdings.
CIBC warns against an allocation of of semiconductor stocks. Believes VTSS, MXIM, ZRAN and ISIL are worth buying at current levels.
INVN to be acquired by GE for $50/share.
BR upgraded to "buy" - target 67 - UBS
Nikkei closed up 1.4% (11317.90); Hang Seng is flat (-12.82). FTSE down 19.30 to 4448.10; DAX down 55.89 to 3859.79.
In China, the three Gas & oil stocks are up, with SNP in the lead:
CEO +0.83%, PTR +1.51%, SNP +1.71%.
BP Test-Runs S.China Oil Terminal; 1st Vessel Arrives Tuesday.
http://biz.yahoo.com/djus/040315/0322000139_1.html
(Dow Jones Business News, Monday March 15, 3:22 am ET)
Test-run of new LNG terminal at Nansha, in southern China's Guangdong province. If the 5000-metric-ton fuel oil vessel unloads smoothly, a larger (60,000-metric-ton) fuel oil vessel will follow in April. Terminal is a joint venture of BP and Guangzhou Development Industrial (Holding) Co. (BP has a 40% interest.)
CEO up 1.51% with less than an hour to end Monday's Hong Kong session; PTR is up 0.87%, down from 1.51%; SNP is now up 0.75%.
CEO Limited Reported Record Net Profit
http://www.oilpatchupdates.com/news-reader.asp?ID=14864
CEO, PTR and SNP up 2-2.5% with about 3 hours remaining in Monday's session.
Kurt Weill's latest "Meter Reader"
http://www.mcdep.com/MR40309.pdf
March 9, 2004 (posted Mar 14); Meter Reader: New High for TIPS
PTR-SNP price battles (via Yahoo search)
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=1600811415&tid=ptr&sid=1...
(This may help explain the "price war" until the closing prices for PTR and SNP are ready.)
If you will wait for 7 hours, I'll have the closing prices in Hong Kong of CEO, PTR and SNP. China is a bit mysterious to me.
Zeev - BP confessed to "overstating" oil and gas "proven reserves" by 2.5% on Friday, but the stock rose 0.19 points to 49 as acquisitions in Russia and "new discoveries" compensated for the downward pressure on its stock. See news article for specifics:
http://biz.yahoo.com/djus/040312/0032000012_4.html
"BP Trims Tally of Reserves 2.5%; But Deals, Discoveries Offset Cut" Dow Jones Business News, Friday March 12, 12:32 am ET
Zeev - If the "lead guy" representing BP in Alaska is "honest" you've nothing to worry about. Imagine their technical people have devoted efforts in similar directions and concluded that "conversion" of gas to liquid form is not an immediate goal.
Did you consider contacting BP directly about your invention? Doubt they'll be interested in funding your "OCR" efforts (especially if they'll be able to "copy" the work) but maybe it's worth a try. As a small BP investor, I'll be delighted to second your efforts!
News results on the elections in Russia and Spain.
Spanish voters upset the conservative regime of Aznar, and voted the Socialists back into power. Seen as a rejection of the US war in Iraq, of which Aznar was a primary backer.
In Russia, Putin was re-elected in an expected landslide. Shortly after the resuts were announced, fire in a downtown building close to the Kremlin burned to the ground.
"The IEA has doubled estimates for the rate of increase in Chinese oil demand" (Financial Times)
Changes in S&P indicies will cause selling pressure on WMT, buying pressure on XOM and GE. (San Francisco Chronicle)
Buffett and PTR - PTR ranks 7th in Berkshire's top 10 holdings.
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=1600811415&tid=ptr&sid=1....
[from the New York Times]
"His top 10 holdings accounted for nearly 90% of the portfolio's assets. Those stocks were Coca-Cola, American-Express, Gillette, Wells-Fargo, Moody's, the Washington Post Company, PetroChina, H&R Block, HCA, and Wesco Financial. Mr. Munger, the vice-chairman of Berkshire, is also the chairman of Wesco, which is also a holding company with assets in insurance and an eclectic group of businesses like furniture rental.
"Perhaps the most intriguing - and most telling - part of his portfolio was the addition to the Berkshire portfolio was PetroChina, the integrated oil and natural-gas company that operates 29 refineries in China. At the end of 2003, Berkshire's shares in PetroChina were worth more than $1.3 billion, nearly 3 times what the company paid for them. (Most of that investment traded in Hong Kong, while the rest was in American depository recepits.)
"In fact, PetroChina stands out in Mr. Buffett's portfolio. In 2003, as investors bid up shares of many stocks that stand to benefit from China's economic growth. That type of spike is not what would be expected in a steady-as-she-goes Buffett stock.
This is a long way from home for a guy who doesn't tradionally
invest overseas," Mr Neenan said. But that may be an indication of how hard it has been recently for Mr. Buffett to find undervalued large capitalization stocks in the United States market."
Zeev - We've got fantastic weather. See you all later. And enjoy your weekend!
Low Bid on NVEC is 38.30.
Zeev - Could try to grab a few hundred shares of NVEC after hours, if the price is down 2 points. I'll try it now, just to measure what the low price happens to be.
Zeev - If you won't buy NVEC after-hours, think I'll pass too. But I'll watch NVEC next week. If it goes down a few points from where it is now, perhaps a short-term "buy"...?
Zeev - Sorry I didn't buy NVEC at the close. If it finished this week down, perhaps next week it will top 41 before retreating.