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"'Fox' and 'News' never belong in the same sentence."
Good one, Lee
I watched it once & couldn't get away fast enough.
Say it ain't so, Lee!
Those burgers at Mustards are still great, Zab.
I'll want to read that one!
Thanks, zab, for RVLT. It could be a good one to keep.
yeah, I thought you gave Gtober the award.
I don't understand his Clinton post.
________
Watching the play in ARNA, I'm reminded of the way Zeev played the bio's.
A maestro.
Lee, declare this a winner! Enough is enough already.
a man a plan a canal, panama
Good luck with all that, Lee.
Your presence here is important to us.
Good one, Fed.
I'm thinking "more time in the pot."
Off Topic: Please forgive this trading hours post.
Hey, Zab. I saw the Bulldogs take out Creighton last night. It was sweet.
Now back to trading.
Anyone know where went Federal Reserve?
Kramer, get back to work!
LQDT.... that's where all those old computers go.
Check out the chart:
http://finance.yahoo.com/q?s=LQDT
Good work, lee.
Zeev would have approved of ALLT as a trader. It was recommended a few years ago by a guy named Shlomi Cohen, an Israeli analyst who, I think, provided Zeev with several of the names that he followed:
http://seekingalpha.com/article/235948-allot-more-than-meets-the-eye
Fair enuf
UCONN vrs IA ST tonight - sure to be a good one.
"where the hell is Himmy Hoffa, Amelia Aerhart and Judge Crater?"
& D. B. Cooper? & Federal Reserve?
It may have been Jay Leno who said that if he got an erection lasting more than 4 hours he'd be calling everybody.
Thanks Zeev'ers for an entertaining and informative board.
Go Cards!
great idea, fed! We need something like that.
Thanks, federal reserve. Your views are always welcome.
Thanks for your analysis, Fabian.
With Federal Reserve offering less these days,
it's nice to read some context (opinion) for the market moves.
Hey zab,
If you continued to follow Drake sports,
you enjoyed a wonderful basketball season in 2007-08.
The Bulldogs had a great season all the into the NCAA
tourney - like the old days when they took UCLA to the
wire in the '69 semi finals.
Meanwhile, Celtics by 2 after Q1.
AD...I think the co. you're looking for in Biofuel
is GSHF:
http://biz.yahoo.com/bw/060608/20060608005438.html?.v=1
HITK . . got an upgrade. Maybe time for this one
to reverse the slide. adding here.
tuna, i see you once traded UGNE (Unigene $4.00). Have you followed the latest news - Merck's 2nd biggest selling drug
Fosamax ($3B in sales) is under attack with claims of causing
jaw bone degeneration. From WSJ :
"Fosamax Drug
Could Become
Next Merck Woe
By JOHN CARREYROU
April 12, 2006; Page B1
As Merck & Co. was hit with big punitive damages in a Vioxx case yesterday, plaintiffs' attorneys are setting their sights on one of the company's other blockbusters: osteoporosis drug Fosamax.
The drug maker is facing 10,000 lawsuits related to its painkiller Vioxx, which it pulled from the market in 2004 after a study showed that using the drug for 18 months or longer increased the risk of heart attacks and strokes. Now, adding to Merck's woes are reports that link long-term use of Fosamax to a rare disease in which a patient's jawbone rots and dies, called osteonecrosis of the jaw, or ONJ.
______________
With its Fortical, a leading alternative to Fosamax, it seems to me that UGNE stands to reap windfall sales. what you think?
federal reserves
I thoroughly enjoy your posts and am pretty sure that someday your dark predictions may come to pass. Until then, please refrain from urging a lynch mob. I know that you are fearless, but we need you and your extremism in the defense of liberty around here.
there's plenty out there about the insatiable demand in China for
products like CPTC's cable, and here's yet another from The Daily Reckoning. Mostly about oil & nuclear, the author asserts that China is looking at all manner of new technologies to meet it's needs (see the bold text):
http://www.dailyreckoning.com/Issues/2005/DR030905.html
The Daily Reckoning PRESENTS: While food is necessary for survival, energy is necessary for growth...and no country is growing at a faster clip than China. Their demand for energy increases everyday, and Justice Litle explores their strategies to ensure energy security. Read on...
THE DRAGON IS RAVENOUS
by Justice Litle
China's oil demand has doubled over the past decade, and the pace is only increasing. There will be ups and downs along the way: When the current infrastructure boom and the flood of foreign investment slow, energy demand will slow for a time also. But in the long run, the trend is inexorably steep. Consider this from The Economist (from "The Hungry Dragon," September 2004):
"In around 20 years' time, China's income per person could be close to South Korea's today. If its energy consumption per person also rose to current South Korean levels, its energy demand would quadruple. The increase alone would be greater than America's total consumption today, yet China's energy use per person would still be only half that in America. At present there is only one car for every 70 people in China, against one car for every two Americans. If car ownership were eventually to rise to American levels, there would be 650 million cars on Chinese roads - more than all the cars in the world today."
How is China going to ensure energy security with such a tall order to fill, let alone generating capacity for such incredible demand? First, by developing strategic ties with key energy producers who prefer an alternative to the "Bush doctrine" of the United States; second, by investing in local production and alternative energy sources that will reduce reliance on imports over time.
With key producers like Venezuela and Russia already in place, and with Canada as a long-term energy source, China's secondary focus is on alternative energy.
Through development of local resources and investments in cutting-edge technology, China can further close the energy gap and reduce dependence on outside partners. To this end, China is upgrading its nuclear power capabilities and investing heavily in advanced technology that will turn coal into petroleum products. It is in this area where Western investment opportunities remain; while it is not feasible to invest in the Venezuelan or Russian governments, China cannot avoid partnering with Western companies when access to technology is required.
Nuclear power is a natural choice for China. The standard "green" objections to nuclear power simply do not exist in the Middle Kingdom. Furthermore, China has awful problems with water shortages, air pollution and acid rain. A nuclear alternative could remedy some of these issues by substituting nuclear energy for fossil fuels and removing stress from the environment. Nuclear power has another green aspect as well: It produces virtually zero carbon dioxide, and thus does not contribute to global warming.
China has plans to develop a new type of reactor design known as a PBMR, or pebble bed modular reactor. The pebble bed reactor is theoretically cheaper and easier to build than traditional PWR (pressurized water reactor) plants. The pebble bed reactor also has a safety edge in that it is supposedly "meltdown proof": The reactor's uranium "pebbles" (actually the size of billiard balls) are coated with high-density carbon, preventing exposure in the event of a coolant leak. Thus, in theory at least, the disasters of Chernobyl and Three Mile Island could not happen with a PBMR. Furthermore, because the pebble bed reactor design is modular, extra generating capacity can be added over time, allowing for further development as needed and less lump sum expense for initial construction.
China is in competition to develop the first commercially viable pebble bed reactor with a consortium led by Eskom, South Africa's state-run utility firm. Eskom claims to have a lead in technological development over China, but an environmental challenge in the South African courts has created a legal hurdle Eskom must clear. (China, of course, does not have to trifle with those annoying bits of democracy that oppose national interest.) First-mover advantage is a potentially valuable prize, with the opportunity to license PBMR technology and construction to other countries hungry for an inexpensive and safe energy source. Eskom may still be in the running for a commercial product even if China gets there first; while China's main focus will be developing a new energy source quickly and building rapidly, Eskom's niche could be in developing more safeguards and design efficiencies, worth the larger price tag for more prosperous (and litigious) societies, where any nuclear solution must meet stringent high standards.
On another experimental front, China is spending more than $3 billion on a coal-liquefaction plant in Inner Mongolia. The Shenhua Group, China's largest coal producer, has partnered with a U.S. technology provider to convert coal into petroleum products. In a nutshell, the process involves breaking coal down into hydrogen-enriched molecules, which are then converted to traditional oil products. According to Zhang Yuzhou, vice president of Shenhua Group, "The project consists of two phases of construction, and after the second is complete, the plant aims to yield 5 million tons of oil products annually and greatly reduce China's reliance on crude oil imports."
The economic viability of coal liquefaction hinges on the cost of crude. Oil must remain above a breakeven point of approximately $32 a barrel for the process to be profitable. If the price of oil falls below $30 for a sustained period of time, the liquefaction plant may prove to be a costly albatross. But this is a risk China is more than willing to take, especially given the boost in energy security that internal production provides. As China continues on a path of dramatic growth, reliance on oil imports is expected to grow steeply in percentage terms as well, so alternative energy investments would do well just to keep pace with this trend; if oil imports represent less than half of consumption in the year 2020, China will have won an important strategic victory.
The winners and losers in China's quest for energy security revolve around transport, exploration and technology. China's demand for oil imports will rise inexorably over time, even as their internal energy sources come on line. This will create a rising demand for tankers, which in turn may benefit shipbuilders over the long cycle. As oil economics turn in favor of further exploration, there will be more opportunity in development and wildcat-style exploration projects, with big profits to the winners and heartbreak for those who come up dry. Look for the oil majors to participate indirectly in any exploration boom as well, spreading their risk through funding and backing of smaller players.
And of course, alternative energy technology is coming into its own. For the past few decades, alternative energy was simply not an economically viable option: Crude oil was too inexpensive, the initial development costs too high, to take alternatives seriously. But now, the development seeds are being sown, with compelling economics on the horizon for fossil fuel substitutes. In this arena, the companies positioned to profit most are those with hands-on intellectual property...alternative technologies that can be sold, licensed or leased but not easily copied or stolen, due to implementation requirements and need for hands-on expertise.
With the 20th century's books now closed, China looks to the 21st...and they know it is their time. In this new century, the dragon will rise again. As investors, we ignore China's destiny at our peril. Whether we see China as friend or foe is irrelevant; in fact, whether or not China fully succeeds in its ambition is irrelevant. What is certain is that China's strategic actions, and the resulting reactions, will dramatically alter the global landscape. We are in the beginning stages of a sea change.
Regards,
Justice Litle
for The Daily Reckoning
Editor's Note: Our supply of oil can't last forever...the day that the world runs out of gas could come a lot sooner than you think, putting everyone's way of life in jeopardy - unless you are among those savvy energy investors that will actually profit from the turmoil. To learn more about the simple safeguard investments you should make now, see here:
derx, I saw that Wonder/Stones concert, but in Denver. It was terrific - certainly the best one I've seen. Thanks for the reminisence.
Looking forward to great things from CPTC. It could indeed be a
huge winner. Loading as quickly as conditions permit.
Thanks, Zeev. Given the difficulty
of measuring the value of their patents, I'm
satisfied to rely on your judgement, "tainted" though it may be.
Thanks to all who labor/frolic here.
I'd be very appreciative of any comments on this interesting
company :
http://biz.yahoo.com/pz/031124/48738.html
Their platform has intriguing potential.
Thanks and best wishes for the coming new year
BOOM - there's $40. This stock is a monster. Mad Cow has added to the frenzy. I'm trying to short some here. but can't find shares.
CALM roared again today - up another 10%.
The question , of course, is "How high the sky?"
The expected earnings for the qtr. just ending
is about $1.90, & if that comes in there should be enough
positive sentiment to fuel the stock at least a few
more points. At $24 -25 I think I'll start trading
it, since I'll be less concerned about missing a big
move. Based on reasonable projections for this year
(> $6 bucks), it's not hard to see the stock climbing
to $30 - 40 over the next 6 mo.
Have the last couple days done anything to change your mind
about starting a position here?
http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=60&chart1=bb&s=CALM&...
It looks to me as though the trading that recently came into the stock has been getting 'mopped up', leaving it in good shape to resume the trend. Questions about the co. seem to concern the sustainability & growth of earnings over the long haul rather than the near term profits which are certain. Since when does anyone (especially stock traders) care about the long haul?
Was that enough pullback for you, Larry?
http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=40&chart1=bb&s=CALM&...
It will interesting to see if the mid $17s hold. The vastly improved volume (over a few months ago) implies to me that trading opportunities now exist, for those so inclined. I'm going to wait, though, until $20 is taken before trying to trade
around a core.
Thanks for the board, Larry. I've been in CALM since before the announced reverse / privatization. That prospect seemed to keep a lid on the stock (as the 6 mo. chart shows) , but now it's full speed ahead as the stock price tries to keep pace with the price of eggs. If you read mrhardshell on yahoo , you'll get good analysis
& accurate est. - he's looking for about $1.90 this Qtr, I think, &
close to $3.00 Q3.He started a position at $3.50.
There seems to me to be enough 'intangible'here to give the stock a real nice run: 1) a major competitor is being closed down in Ohio, losing 4% of the nations capacity.
2) Cal Maine is the largest producer & is bringing a new facility in Kentucky into production soon.
3) responding to animal rights activists, the gov has required more space/hen, raising the cost of construction to producers, dampening supply.
4) demand appears to be increasing , perhaps due to the popularity of high protein diets.
all considered, the time may be right for this play - with a forward PE of about 3, no analyst attention, defensive cachet,
low float, etc.
good luck - hope that helps.