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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.
I appealed mine this year and received a reduction. I would advise anyone to appeal.
3 necessary items:
Photos showing vast improvements are needed, NOT already been done.
Comparable prices of neighboring homes.
This year and last year's local and national news/media reports of falling home prices depending on the specific year being taxed.
I never heard of Peter Schiff before. His website (europac.net) also has some good reads.
"Years of misguided fiscal and monetary policy and market-distorting regulations have resulted in reckless borrowing and spending on Main Street, pervasive gambling on Wall Street, and rampant fraud and corruption at every intersection."
http://www.europac.net/externalframeset.asp?from=home&id=14566
I think we get another sizeable DOW point drop soon (DOW 8000?). Then more mini bull runs to (DOW 9500?) leading into Obama's Inauguration.
At Inauguration, there will be only ONE magic wand Obama can wave to prevent a serious drop below the DOW 7300 lows. To state, "I intend to set aside at least $10 of the $TRILLIONS$ in counterfeit bailout monies toward prosecuting and CONVICTING the "rampant fraud and corruption at every intersection".
Will Ihub change the board name to VSUNQ?
China Stock List Smorgasboard/Update #3
(15 additions in bold)
193 OTCBB Listings:
AAGH 0.035
AAMA 0.05
AAXT 1.08
ACLO 0.35
AGMB 0.08 (went pink)
AIDA 0.33
AKRK 0.20
ALIF 1.00
ALRC 0.68
APRB 0.55
ASCQ 0.07
ASTTY 0.15
AWSH 1.25
BJGL 0.0102 (went pink)
BPAC 0.25
BPMA 0.15
CAAH 0.03
CADC 2.70
CADUF 5.00
CAGC 0.90
CAGM 1.01
CAXG 0.97
CBBD 0.05
CBEH 4.50
CBPO 1.46
CBTT
CCGY 0.16
CCSE 0.01
CDGT 0.06
CDSG 0.07 (went pink)
CDTR 0.008
CDYT 0.95
CEUA 1.60
CFAUF 8.01
CFQUF 6.56
CFRE
CGAG
CGDI 0.22
CGNYF
CGRH 0.02 (went pink)
CHAS 0.06
CHBO 0.02
CHBP 0.11
CHBU 0.20
CHCG 0.98
CHFY 0.12
CHGI 1.98
CHGS 0.80
CHHB 9.50
CHHL 0.017
CHHN 4.00
CHID 0.045
CHLO 0.20
CHMD 0.004
CHME 0.98
CHMO 0.02
CHNG 3.11
CHNQ 5.63
CHPC 1.01
CHRN 0.14
CHSH 0.0173
CHTL 0.95
CHWE 0.005
CIWT 2.50
CJYF 4.00
CKGT 0.58
CLCE
CMFO 1.60
CNAG 0.005 (went pink)
CNAM 3.50
CNCN 0.21
CNEH 2.02
CNHL 0.63
CNOA 0.625
CNSJ 0.36
CNUV 0.012
COFI 0.085
CPHI 1.65
CREG 0.99
CRJI 0.40
CRNY 2.00
CRTP 1.66
CRUI 4.84
CSGH 0.47
CSOF 0.0799
CSOL 1.05
CSXBE 0.021
CVDT 0.20
CVVT 8.00
CWDK 6.20
CWEY 0.60
CWLC 0.0007 (went pink)
CWSI 1.00
CXTI 0.01 (went pink)
CYID 1.01
CYIG 1.25
CYTV 0.005
CYXI 0.49
CYXN 0.40
DGNG 0.26
DNAL 1.90
DOMR 0.90
DRGG 0.03
DRGV 0.0015 (went pink)
DSHL 0.14
EBIG 0.04
EESC 0.678
ENHD 259.50
EQPI 0.04
ETLTQ 0.09 (needs a bailout)
FEEC 0.14
FRTW 0.0013
FUFW 0.65
GCYT 0.51
GCME 0.005
GEBD 3.00
GHII 0.115
GFRE 0.35
GNPH 4.16
GOEG 1.50
GUPR 0.02 (went pink)
GZGT 0.017
HDRX 0.04
HFGB 0.31
HHGM 5.05
HKWO 1.00
HSTC
IAQG
IFSG 0.06
ILVL 0.01
IMOTE 0.067
INAI 0.00
JNGW 1.75
JPAK 0.30
KVME 5.70
KWBT 0.013
LEGE 0.90
LTSC 0.41
LTUS 0.32
LOGE 0.05 (went pink)
LWLL 0.06
MAUG 0.085
MYST 0.098
NSLT 0.015
NWCN 0.30
NXMR 0.0282
OPAI 0.18
PCQC 5.77
PFGY 0.90
PUDC 0.20
QKLS 6.50
RHGP 0.65 (went pink)
RINO 3.00
SCLX 0.245
SDTC 0.76
SFBE 0.20
SGAS 0.395
SGTI 1.50
SGUS 0.04 (went pink)
SGZH 5.00
SHND
SKBI 0.95
SKII 2.50
SMGH 0.044
SMHT 4.50
SNMO 0.02 (went pink)
SNYD 0.48
SOBM 0.064
SOEN 0.28
SOKF
SOPW 1.08
SPFJ
SREA 0.01 (went pink)
SRRY 0.285
SULU 4.50
SUWG 2.75
SUWN 0.14
TBYH 1.78
UOLV 0.015
UTVG 0.65
WCRF 6.50
WCSY 1.09
WEMU 4.50
WMDG 1.02
WWBP 0.0151
WWEI 0.045
XHUA 0.001
XNYH 0.24
YGYB 1.50
YHGG 0.30 (went pink)
YSYB 4.20
YUII 6.50
ZHYP 0.90
49 UPLISTED/no option availability:
ADY 11.76
ARWR 1.22
BEST 1.55
BJGP 6.74
CAAS 2.49
CABL 1.70
CHBT 10.00
CAST 2.40
CHDX 8.38
CHIO 1.60
CHLN 1.46
CHNR 8.27
CIIC 3.39
CPBY 3.97
CSKI 8.98
CTFO 3.85
EFUT 6.1499
EVK 2.30
GCH
GRO 2.20
HOGS 8.61
HOLI 2.9299
HPJ 3.05
HQS 4.10
HRAY 2.04
HRBN 8.19
KNDI 1.77
KUN 1.89
NOEC 2.20
NWD 0.36
OCLS 1.00
ORS 0.46
QXM 2.63
SHZ 0.5032
SINO
SMI 0.98
SNEN 3.22
SPRD 1.28
SUTR 2.15
TBV 0.91
TCM 2.48
TPI 1.40
TSTC 1.81
TXIC 2.8899
TYM 3.10
UTSI 2.38
VIT 7.40
WATG 3.99
WUHN 4.98
86 UPLISTED/with option availability:
ABAT 2.85
ACTS 1.88
AOB 6.05
APWR 5.67
ASIA 10.99
ATV 3.68
BIDU
CAEI 3.94
CBAK 2.58
CDS 2.53
CEA 12.91
CEO 81.69
CFSG 8.60
CHA 35.25
CHINA 1.22
CHL 43.89
CISG 8.74
CMED 24.37
CN 38.23
CNTF 0.88
COGO 5.44
CPSL 2.17
CSIQ 9.79
CSR 10.47
CSUN 3.65
CTDC 1.78
CTRP 30.58
CYD 5.37
EDU 63.95
EJ 6.80
FEED 4.38
FMCN 18.53
FSIN 4.49
FUQI 7.91
GA 6.99
GIGM 5.99
GLG
GRRF 1.24
GSH 19.15
GSI 4.74
GU 2.89
HEK 7.44
HIMX 1.87
HMIN 10.00
HNP 19.61
JASO 4.80
JOBS 7.05
JRJC 8.98
KONG 2.93
LDK 18.19
LFC 39.62
LFT 14.00
LONG 7.19
LTON 0.87
MR 21.56
NCTY 14.22
NED 2.60
NPD 4.15
NTE 7.60
NTES 22.50
PTR 74.279
PWRD 18.63
SDTH 5.07
SEED 2.86
SHI 18.76
SINA 32.40
SNDA 27.65
SNP 65.03
SOHU 54.94
SOL 6.45
SOLF 6.10
SORL 2.68
SSRX 6.24
STP 17.50
STV 5.99
SVA 1.74
TSL 10.49
VIMC
VISN 8.00
WX 9.36
XFML 1.09
XIN 2.53
YGE 5.27
YTEC 7.15
YZC 6.18
ZNH 7.88
No problem trading but their option quotes and updates in the portfolio page were glitched for most of the afternoon until just before closing when they began working again.
Shorting should be allowed. One with 6 short picks (any 6) couldn't have missed being in the lead.
Another great post from Mish.
Bought VSUNQ at .06's - will add at .04's. Shortsqueeze shows 12M short and the chart shows those 12M have NOT covered, no covering bounce spikes in the chart below.
http://www.shortsqueeze.com/?symbol=vse&submit=Short+Quote%99
littlejohn, the reason people play the "Q" plays is for the high reward potential. Yes, I could lose the entire .06 but the probability of a gain of .20 or more approaches 50/50 on any number of events.
Short squeeze bounce?
Buyout?
Bail-out?
Any nod from the pres-elect to bolster bio-feul companies?
CHBU is interesting. Specifically it's auditor, from the 10-K:
On January 18, 2007, we engaged Michael T. Studer CPA P.C. ("Studer") as our independent auditor.
A google of Studer produced this SEC filing:
Pursuant to an agreement between the other defendants and Studer, Castle became the initial, and then principal, market maker of USE securities, which formerly were the Windfall securities registered with the Commission. (Tr. 47, 48; Div. Ex. 1.) At the time, USE securities were to be quoted on the pink sheets of the NASD's over-the-counter market, and USE had no revenues and only $11,550 in assets. (Div. Ex. 1.) Through Castle's trading as a market maker in USE securities, under the supervision of Studer, the other defendants were able to raise artificially the price of USE securities from $0.05 per share to more than $5.00 per share by using manipulative and deceptive devices. (Div. Ex. 1.) These manipulative and deceptive devices included effecting: (1) offers, purchases, and sales of USE securities in return for promises of risk-free profit for engaging in such trades; (2) directed and controlled trades of USE securities; (3) wash sales and matched orders; and (4) trades involving undisclosed nominees. (Div. Ex. 1.)
Beginning in January 1990, the other defendants and Castle, under Studer's control and oversight, then sold USE securities to public investors at manipulated prices. (Div. Ex. 1.) When the price of USE stock ultimately declined, many of these investors lost most or all of their money. (Div. Ex. 1.) Castle, however, traded USE securities from September 1989 until August 1990 at a profit of at least $170,000. (Div. Exs. 1, 4.) No registration statement was in effect regarding the Respondents' and the other defendants' plan of distribution, which came to rest in August 1990. (Div. Ex. 1.)
http://www.sec.gov/litigation/aljdec/id244lam.htm
Also see peer china r/m scams, CCGY and CKGT, using Michael Studer.
http://seekingalpha.com/article/65262-china-clean-energy-s-auditor-plays-it-dirty
The consummate daytraders must be loving this wild west shootout market. No doubt they are a large part of these terrorist/anti-terrorist closes.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33064254
lol, and borrowed this below from Modern Rock's page:
researcher & lentinman, chart reads?
researcher, JNGW has that tell-all chart read of nominee match trading pps propping from $0 to $7. We can differ on complexities of numbers in sec filings but the replicate MANIPULATED-PPS charts are a simple read. I would not touch one of these, china r/m or otherwise.
lentinman, being that none of us has seen DOW up 600 down 600 swings in a matter of hours before, you've been making some decent calls on these wild swings. I wanted to ask how you apply broad-fundamentals to broad-market technicals? I.E. a GE, GM, GS or all three could breakdown any minute and that's just the "G"s.
DELL and MSFT both hit new yearly lows today (prior to the sucker bounce), they'll both make more new lows soon, imo.
The GZGT chart read shows (and has shown) clear evidence of contemptible distribution abuse. How did GZGT ever get to $1.75 pps in it's early stage on petty volume? Isn't nominee match pps propping obvious in the "interactive historical" chart below?
The GZGT current chart shown below should serve as a grim wake up call to all those still holding long positions in so many other obvious "interactive historical" manipulated pps prop charts.
Which begs my most confusing question? I see a BWMG as one of those 5% of r/m's that are NOT scammy. BWMG has cleaned up most of the red flags associated with all r/m's as opposed to augmenting or even adding more red flags. BWMG doesn't abuse dilution nor hype and just goes about it's business, for better or worse. Why anyone would buy a CAGC at .90, a CNEH at 2.30, a UTVG at .91, a CNOA at .66, or even a GZGT in the past at any pps near $1 and ignore a BWMG now trading at .55 is my truest stock market dilemna? Do folks really believe all the BS from the stock-oil-salesmen or otherwise accept stock-oil-BS as something healthy for stock trading?
I am not recommending buying BWMG in this bearest of BEAR markets, but each should take a long look at a cleaned up r/m like BWMG, then compare and review against those 100's of r/m pps-nominee-matchtrade-manipulated cooked book crap they might own in their respective portfolios.
john302, this is exactly my current puts betting point of view. I see many more GZGT look alike charts in the near future and each will drag on all the legit chinas that continue failing to clean up their own marketplace. Look past the obvious china r/m scams to see uplisted r/m scams like AOB and GSI passing by every guardpost (questioning now if there are any guards left at the gate) from GZGT-clone right up and onto the NYSE. NYSE listed AOB and GSI are two of the skankiest china r/m scams out there. GZGT clone chart accidents just waiting to happen.
This year, as he began to miss or delay payments to suppliers, Tao told them he would soon be raising tens of millions of dollars by listing the company on the Nasdaq Stock Market.
http://www.latimes.com/business/la-fi-factory3-2008nov03,1,7281567,full.story
correction: should read "10/18" put expiration not "9/18".
Option trading leans heavily to the technical aspect, not one of my strong suits. I've had some decent gains, the 4K drop in the Dow has helped prevent any big losses, and I'm still in action lol.
In VISN, I held 100 Sept. $10 puts, purchased months ago at .15, that expired on 9/18. See in the chart below how close I was to banking up to $40K if I'd had just two more weeks until expiration? Instead, I ended up eating the $1.5K on 9/18, out-of-the-money expiration.
So my fundamental read on VISN was correct, but my technical read was not. The VISN Nov. $10 put is now trading at 4.10/4.70 and I could have bought the Nov. 10's (months ago) at about .40 instead of those Sept. puts I did buy and ate at .15.
I agree with those that say this market has become trade-fast only in conventional trading. In option trading, trade-fast is forced at expiration.
Here's the link to the CBOE. Very informative website. For delayed quotes, click the "Quotes" tab at the top.
http://www.cboe.com/Strategies/DefaultEquity.aspx
john302,
When the legitimate companies fail to police their own multiple scam neighbors how does one distinguish between legit & scam when the legitimate companies refuse to distinguish their own legitimacy?
I am convinced that 95% of all r/m's are scam. Convinced that CNEH, UTVG, CAGC, CNOA, etc. are all nothing more than contemptible distribution abusers.
You have made the case that the non r/m chinas such as a SINA or BIDU are likely legit and possibly buys in weakness, or further weakness? I don't disagree entirely but would emphasize that all the investment/trader real dollars going INTO the china r/m scams, both indirectly and DIRECTLY, go out of the SINA's and BIDU's. The SEC is inept, so until the SINA's, BIDU's, and all legit companies begin policing their OWN marketplace by exposing the contemptible distribution abuse riff-raff, they will continue losing potential investment dollars to that very riff-raff.
I will continue selling strength first and buying on exit. The same approach of buy-low/sell-high but in reverse, selling strength first. Being on the RIGHT side of the broad market downside trendline.
Those are the keys folks - and until and unless our President-Elect, along with Congress, stops trying to cover business failures with "TARP"s, withdrawing the fraudulent cover that excess leverage and bogus balance sheets have wrought on our economy and markets, we have no chance of the market - or economy - staging a meaningful recovery.
Response to MSGI post,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33422178
Those were some dynamic exit points you chose. I didn't trade stocks in 1987 although my business got hit. I was one of the unwashed traders in March 2000 and got clobbered. Today, my 180 degree turn to puts several months ago is documented here at VMC and I have no intention of buying any stocks again until the media, analysts, posters, et al, begin discussing OPENLY the scamminess of their historically bullish stock market.
Stockbuilders original post that you responded is typical of the failure of most all of these stock analysts to include that some high percentage of all stocks are Enron clones, outright scams.
Those are the keys folks - and until and unless our President-Elect, along with Congress, stops trying to cover business failures with "TARP"s, withdrawing the fraudulent cover that excess leverage and bogus balance sheets have wrought on our economy and markets, we have no chance of the market - or economy - staging a meaningful recovery.
Those are the keys folks - and until and unless our President-Elect, along with Congress, stops trying to cover business failures with "TARP"s, withdrawing the fraudulent cover that excess leverage and bogus balance sheets have wrought on our economy and markets, we have no chance of the market - or economy - staging a meaningful recovery.
Exactly!
Good read.
Cuban's new bailout website.
http://bailoutsleuth.com/
When the legitimate companies fail to police their own multiple scam neighbors how does one distinguish between legit & scam when the legitimate companies refuse to distinguish their own legitimacy? That thought pertains to traders also. If one is willing to risk trading a scam, unknowingly, how does one distinguish between scam and legit stock? IMO, this past attitude of it's ok to trade a scam (unknowingly) if one can profit DIED with Lehman Brothers going bk et al the other recently exposed Wall Street mega-scams, and counting.
My approach has been to buy china stock puts in the market spikes and exit trade into the dips. What I foresee as perpetual market dipping short to mid term. Not exclusive to ADR, r/m, or any other specifics, but any china (scam sector) stock and those that offer the best put prices.
researcher, the list only has two specifics. A china address and sec-compliance (or one time compliant). BIDU is one I missed and SINO is another. I'm sure there are more I've missed and more new ones opening. I welcome everyone to add any I've missed and will try to update the list every few months or so.
FDIC takes over Florida's Freedom Bank
By John Letzing
Last update: 6:30 p.m. EDT Oct. 31, 2008
SAN FRANCISCO (MarketWatch) -- Bradenton, Fla.-based Freedom Bank was closed Friday, marking the 17th bank failure so far this year amid the ongoing credit crisis. The Federal Deposit Insurance Corporation said in a statement that as of Oct. 17, Freedom Bank had $287 million in total assets and $254 million in total deposits. Freedom Bank's four branches will open Monday as branches of Grand Rapids, Mich.-based Fifth Third Bank (FITB 10.85, +0.69, +6.8%), which has assumed Freedom Bank's deposits, the FDIC said.
http://www.marketwatch.com/news/story/fdic-takes-over-floridas-freedom/story.aspx?guid=%7BF2735B70%2D1172%2D4CE6%2D9EA6%2D3F1ADC3BF26F%7D&dist=morenews
Citi says credit card losses may rise through 2009
Bank suffers $1.4 billion hit from card-backed assets in latest quarter
And, according to a report last month from investment research firm Innovest StrategicValue Advisors, banks will charge off $18.6 billion in delinquent credit-card accounts in the first quarter of 2009 and $96 billion in all of 2009 -- more than double the research firm's forecast for all of this year.
http://www.marketwatch.com/News/Story/Story.aspx?guid={BE8D388F-5173-4BC3-A880-DC409509989C}
bigcharts is not very accurate with their P/E numbers, but close enough for a scan of the 300+ stocks in the china list. From my bigchart scan, I guesstimate some 25 on the list have a P/E of 2 or less, as of Friday's close, and near 100 have a P/E of 5 or less.
So either we have the best buying oppurtunity(s) ANY of us have ever seen all rolled up neatly in one sector for us or as I've suggested all along, the china sector is the scammiest cooked books sector I have ever seen.
I'll continue buying puts until the CNOA, UTVG, CNEH, LTUS, AOB, GSI, etc., etc., are exposed just like the ETLTQ look alike cooked book fairy tales they really are.
China Stock List Smorgasboard/Update #2
183 OTCBB Listings:
AAGH 0.035
AAMA 0.05
AAXT 1.08
ACLO 0.35
AGMB 0.08 (went pink)
AIDA 0.33
AKRK 0.20
ALIF 1.00
ALRC 0.68
APRB 0.55
ASCQ 0.07
ASTTY 0.15
AWSH 1.25
BJGL 0.0102 (went pink)
BPAC 0.25
BPMA 0.15
CAAH 0.03
CADC 2.70
CADUF 5.00
CAGC 0.90
CAGM 1.01
CAXG 0.97
CBBD 0.05
CBEH 4.50
CBPO 1.46
CCGY 0.16
CCSE 0.01
CDGT 0.06
CDSG 0.07 (went pink)
CDTR 0.008
CDYT 0.95
CEUA 1.60
CFAUF 8.01
CFQUF 6.56
CGDI 0.22
CGRH 0.02 (went pink)
CHAS 0.06
CHBO 0.02
CHBP 0.11
CHBU 0.20
CHCG 0.98
CHFY 0.12
CHGI 1.98
CHGS 0.80
CHHB 9.50
CHHL 0.017
CHHN 4.00
CHID 0.045
CHLO 0.20
CHMD 0.004
CHME 0.98
CHMO 0.02
CHNG 3.11
CHNQ 5.63
CHPC 1.01
CHRN 0.14
CHSH 0.0173
CHTL 0.95
CHWE 0.005
CIWT 2.50
CJYF 4.00
CKGT 0.58
CMFO 1.60
CNAG 0.005 (went pink)
CNAM 3.50
CNCN 0.21
CNEH 2.02
CNHL 0.63
CNOA 0.625
CNSJ 0.36
CNUV 0.012
COFI 0.085
CPHI 1.65
CREG 0.99
CRJI 0.40
CRNY 2.00
CRTP 1.66
CRUI 4.84
CSGH 0.47
CSOF 0.0799
CSOL 1.05
CSXBE 0.021
CVDT 0.20
CVVT 8.00
CWDK 6.20
CWEY 0.60
CWLC 0.0007 (went pink)
CWSI 1.00
CXTI 0.01 (went pink)
CYID 1.01
CYIG 1.25
CYTV 0.005
CYXI 0.49
CYXN 0.40
DGNG 0.26
DNAL 1.90
DOMR 0.90
DRGG 0.03
DRGV 0.0015 (went pink)
DSHL 0.14
EBIG 0.04
EESC 0.678
ENHD 259.50
EQPI 0.04
ETLTQ 0.09 (needs a bailout)
FEEC 0.14
FRTW 0.0013
FUFW 0.65
GCYT 0.51
GCME 0.005
GEBD 3.00
GHII 0.115
GFRE 0.35
GNPH 4.16
GOEG 1.50
GUPR 0.02 (went pink)
GZGT 0.017
HDRX 0.04
HFGB 0.31
HHGM 5.05
HKWO 1.00
IFSG 0.06
ILVL 0.01
IMOTE 0.067
INAI 0.00
JNGW 1.75
JPAK 0.30
KVME 5.70
KWBT 0.013
LEGE 0.90
LTSC 0.41
LTUS 0.32
LOGE 0.05 (went pink)
LWLL 0.06
MAUG 0.085
MYST 0.098
NSLT 0.015
NWCN 0.30
NXMR 0.0282
OPAI 0.18
PCQC 5.77
PFGY 0.90
PUDC 0.20
QKLS 6.50
RHGP 0.65 (went pink)
RINO 3.00
SCLX 0.245
SDTC 0.76
SFBE 0.20
SGAS 0.395
SGTI 1.50
SGUS 0.04 (went pink)
SGZH 5.00
SKBI 0.95
SKII 2.50
SMGH 0.044
SMHT 4.50
SNMO 0.02 (went pink)
SNYD 0.48
SOBM 0.064
SOEN 0.28
SOPW 1.08
SREA 0.01 (went pink)
SRRY 0.285
SULU 4.50
SUWG 2.75
SUWN 0.14
TBYH 1.78
UOLV 0.015
UTVG 0.65
WCRF 6.50
WCSY 1.09
WEMU 4.50
WMDG 1.02
WWBP 0.0151
WWEI 0.045
XHUA 0.001
XNYH 0.24
YGYB 1.50
YHGG 0.30 (went pink)
YSYB 4.20
YUII 6.50
ZHYP 0.90
47 UPLISTED/no option availability:
ADY 11.76
ARWR 1.22
BEST 1.55
BJGP 6.74
CAAS 2.49
CABL 1.70
CHBT 10.00
CAST 2.40
CHDX 8.38
CHIO 1.60
CHLN 1.46
CHNR 8.27
CIIC 3.39
CPBY 3.97
CSKI 8.98
CTFO 3.85
EFUT 6.1499
EVK 2.30
GRO 2.20
HOGS 8.61
HOLI 2.9299
HPJ 3.05
HQS 4.10
HRAY 2.04
HRBN 8.19
KNDI 1.77
KUN 1.89
NOEC 2.20
NWD 0.36
OCLS 1.00
ORS 0.46
QXM 2.63
SHZ 0.5032
SMI 0.98
SNEN 3.22
SPRD 1.28
SUTR 2.15
TBV 0.91
TCM 2.48
TPI 1.40
TSTC 1.81
TXIC 2.8899
TYM 3.10
UTSI 2.38
VIT 7.40
WATG 3.99
WUHN 4.98
83 UPLISTED/with option availability:
ABAT 2.85
ACTS 1.88
AOB 6.05
APWR 5.67
ASIA 10.99
ATV 3.68
CAEI 3.94
CBAK 2.58
CDS 2.53
CEA 12.91
CEO 81.69
CFSG 8.60
CHA 35.25
CHINA 1.22
CHL 43.89
CISG 8.74
CMED 24.37
CN 38.23
CNTF 0.88
COGO 5.44
CPSL 2.17
CSIQ 9.79
CSR 10.47
CSUN 3.65
CTDC 1.78
CTRP 30.58
CYD 5.37
EDU 63.95
EJ 6.80
FEED 4.38
FMCN 18.53
FSIN 4.49
FUQI 7.91
GA 6.99
GIGM 5.99
GRRF 1.24
GSH 19.15
GSI 4.74
GU 2.89
HEK 7.44
HIMX 1.87
HMIN 10.00
HNP 19.61
JASO 4.80
JOBS 7.05
JRJC 8.98
KONG 2.93
LDK 18.19
LFC 39.62
LFT 14.00
LONG 7.19
LTON 0.87
MR 21.56
NCTY 14.22
NED 2.60
NPD 4.15
NTE 7.60
NTES 22.50
PTR 74.279
PWRD 18.63
SDTH 5.07
SEED 2.86
SHI 18.76
SINA 32.40
SNDA 27.65
SNP 65.03
SOHU 54.94
SOL 6.45
SOLF 6.10
SORL 2.68
SSRX 6.24
STP 17.50
STV 5.99
SVA 1.74
TSL 10.49
VISN 8.00
WX 9.36
XFML 1.09
XIN 2.53
YGE 5.27
YTEC 7.15
YZC 6.18
ZNH 7.88
So at worst the Argentine peso was de-valued on the open market by a factor of 4? I vaguely remember in the mid/late 1980's, the Mexican peso was de-valued 1000 to 1 (not sure on this ?)
I'm interested because the U.S. gubment can't continue pulling monopoly money out of the hat without some "de-valuation" consequences. Any continued rise of the dollar would constitute another bubble.
Latin, when Argentina had it's collapse a few years back, what exactly happened to the Argentinian cash currency? What were the exact dilution numbers, dates, and links if you have them? tia
No point in even trying to call a bottom in the short to mid term here. Too much negative news overhanging will cause the market to trade flat at best. The election might get a little pop and some other small positive events but the market is toast until the scammers, scamming, and crony'ism is RIGHTLY exposed to the general public. Until then, the unwashed (now washed with a scrub brush) will remain skeptical as hell buying even the MSFT's and DELL's.
What do we do when the officially appointed "oversight" becomes complacent, complicit, both, or possibly worse than both?
http://www.sec.gov/about/whatwedo.shtml
I am saying that 95% of all r/ms, china, domestic, and otherwise are all inherent scams. Timothy Halter and his family are proven abusive diluters.
From the Halter list, I've been put active in ASIA, LFC, CSR, CYD, CISG, COGO, CTRP, LONG, FUQI, GA, GSH, HMIN, LDK, EDU, SNDA, SDTH, SINA, VISN, YGE, and YTEC.
I haven't dd'ed every stock on the Halter list so likely some are legitimate. I know r/m CSR is as scammy as they come, the original CSR financing was arranged by one of the CXTI originators. On the other hand, SINA is a legitimate entity. But I'll continue playing SINA (short) for two reasons.
1. SINA's P/E still too high in this market. (when MSFT trades around 10 P/E, all the rest deserve less)
2. This U.S. traded china sector is the most saturated and scammiest sector I have ever seen. As each china scam falls it should pull down any legit china.
I won't switch from my 100% bearish approach until the VMC board amends it's bylaw to read:
Value Microcaps is dedicated to finding profitable, low p/e, value stocks and outing every scam and scammer in that endeavor.
Only then can we see capitulation.
Looks like a dud all the way to the bottom. The Halter index is as scammy as they come. Timothy's brother, Kevin, is the transfer agent in several of the Halter china r/m scams.
However, some of these relationships don't appear to be at full arm's length. For instance, the mailing address supplied on the Website for the indexes is the same as that of Halter Capital, a financial-services firm owned by Halter's father and his brother, Kevin Halter, and Kevin Halter Jr., which also maintains an inventory of shells for reverse mergers. In 2005, the elder Kevin's wife Pam and Kevin Jr. served as directors of a firm now known as Zhongpin, one of Timothy Halter's reverse mergers. The junior Halter, who didn't return phone calls, also runs the transfer agent used by many of Timothy's reverse mergers.
Timothy Halter said he didn't how the shared addresses came about and that there are "no involvement or ownership" arrangements with his brother's firm. (By Friday of last week, the Website no longer carried the address.)
http://online.barrons.com/public/article/SB116199710882306728-Yf5_x33_0YGvwvUBfP8BNKgOWHY_20061201.html?mod=9_0002_b_free_features
But, IMO, ever since 1994, the markets have been built upon bogus principles, wild speculation, lies, leverage, lack of oversight and boomers.
I would add 'distribution abuse' to your list. The easiest of all the numerous swindles to spot.
NTES up .56 today on no news? Really makes one wonder what the NTES nominee match traders et al were watching today? Adding puts in NTES.
Is it true that if every bank were to attempt to "fix" its balance sheet, the collective outcome would be disastrous for the real economy?
On the contrary, by adjusting their balance sheet to true conditions, banks would lay the foundation for a sustained economic recovery.
http://globaleconomicanalysis.blogspot.com/2008/10/something-for-nothing-vs-paradox-of.html
rogue, you've got me reading that website now. He makes a lot of sense. Did you hear Paulson yesterday and I quote:
"This is an investment, not an expenditure, and there is no reason to expect this program will cost taxpayers anything."
From 'give me 7B now or face total collapse' to 'no reason to expect any cost' in just a matter of days? Paulson sounds like a typical dipshit pinksheet scam CEO.
Here is the deal in even simpler terms. In order to prevent the "Great Depression II", the Fed and the Treasury have embarked on a series of measures similar in nature to those that caused the great depression.
The root cause of the great depression was the unsound lending patterns leading up to it. Those same unsound lending practices, now carried to the very limits of legality via Bernanke's alphabet soup of facilities, cannot possibly be the cure.
In retrospect, the title of this post is inaccurate. It really should read Fed is Attempting to Cause "Great Depression II".
Great post from Mish.
Currently maintain put positions in EDU, CTRP, and HMIN. NTES is another still trading above $20.
EDU is an exceptional put-&-hold stock, great put prices too. The EDU players (nominee match traders et al) failed to observe that the DOW just fell some 3000 points in the past 30 days. I'm confident they'll figure that out very soon.
The "bargains" aren't going anywhere as just the housing industry's halt alone will depress the overall economy and market wide company earnings for months out, quite possibly years.
Are you watching overhyped china HMIN still trading at 80 P/E? I've got many theories as to how an HMIN got to 80 P/E and I've got my bets placed in HMIN puts that it cannot hold 80 P/E. There are still dozens of these overhyped china plays all bubbled up and ready to burst.
The "bargains" can wait.
Hopefully my method of averaging down no matter what a stock goes to(assuming there is enough liquidity and everything looks fine with the company), will pay off with CSIQ as it has 95% of the time in the past. This one is my largest holdings and I could really use a nice rally. Breakeven is $20 for me.
How many previous oppurtunities did you have to sell CSIQ at breakeven? If you were to get $20 CSIQ in the future would you take that next oppurtunity to breakeven? Would you buy puts or sell short CSIQ at $20? I know I would be.
SGZH is at the top of my china r/m scams list. From the CNEH 4/17/06 10-K:
5% Holders
Hong Jun Li 1,496,000 8.2%
The same Hong Jun Li that is president of SGZH. The more recent CNEH filings no longer show this Hong Li ownership suggesting he sold those CNEH shares out the back door without any updated filing and still no explanation as to how Hong may have earned that CNEH freeby dilution gift in the first place. The google below of the SGZH and CNEH previous common address (20337 Rimview Place, Walnut, California, 91789) is the simplest of dd one would need to determine both are egregious dilution abusers.
http://www.google.com/search?hl=en&q=20337+Rimview+Place%2C+Walnut%2C+California%2C+91789.+&btnG=Google+Search&aq=f&oq=
The Fed Gov and Fanny and Freddie are at least
95% responsible for the Financial Crisis ... !!!!!
I would agree mostly, except to lower that 95% figure to allow for all the other culpable parties you already mentioned in your preceding paragraph. That vast number of culpable parties Buffet failed to mention, rather choosing to pump Wall Street. As to one possibly being "myopic", must be you, I've been buying puts in china scams for several months now.
Do you still own SUWN? Do you think they can ever pump that one of thousands of dilution abuse scams again, in this grizzliest of markets?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29694100