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12/14/2009 09:30 *DJ Generex Presents Encouraging Interim Results Of Phase II Breast Cancer Study
12/14/2009 09:30 *DJ Generex Presents Encouraging Interim Results Of Phase II Breast Cancer Study
Form 10-Q for GENEREX BIOTECHNOLOGY CORP
--------------------------------------------------------------------------------
11-Dec-2009
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 13
=====================Guess someone thought it was good for GNBT is up in premarket on over 300k shares so far.
PDLI..Gosh, played it years ago and took a hit in AHs when they got a bad report.:) Then made a ST trade of it a few weeks ago. I had it on my streamer and when I noticed it in the gap, I posted for I thought it might move quickly since it was in that area. Other than that, I have no feelings on it.
PDLI is in the gap.
GNBT..Frankly, think it is holding up pretty well. Often times the day after a run it tanks further. There looks to be a move up from the LOD.
Thanks. GM to you too. In addition:
PRGN - PRGN Paragon Shipping strength attributed to industry newsletter report suggesting Tidewater (TDW) could be interested in acquiring co (5.05 +0.12)
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26167034
ENER breaking out of consolidation...now @ 10.79.
Float: 45.51M
% Held by Institutions1: 61.50%
ENER breaking out of consolidation...now @ 10.79.
Float: 45.51M
% Held by Institutions1: 61.50%
Chart Analysis for DSCO, RTK, and GNBT
Generex Biotechnology, Rentech, and Discovery Laboratories are reviewed for technical trade-worthiness.
0 Comment(s) - Post a Comment
# / Rating : 0 / 0.00 - 1 : 2 : 3 : 4 : 5
Wednesday December 9, 2009 9:09 AM PST
By James E Brumley
Most stocks are still waffling, but a handful are actually geared up for strong moves.... some bullish, some bearish. Among the highest-potential charts we've run across today are Rentech, Inc. (AMEX:RTK), Discovery Laboratories, Inc. (NASDAQ:DSCO), and Generex Biotechnology Corporation (NASDAQ:GNBT). Here's a better look at each one.
Long story made short, I think Generex Biotechnology Corporation (NASDAQ:GNBT) is going to make good on the recent bullishness. We're seeing our second accumulation day today, and the effort was kicked off with a brief consolidation period.
The push-off point was support at $0.50, where Generex Biotechnology shares found a floor all throughout November (with one brief exception).
As for a target, that's tougher to pin-point. Generex Biotechnology Corporation shares were already in an uptrend. The September/October pullback was enough to reign in the euphoria, but not kill the overall bullishness. So, I suspect that GNBT is still on track to find whatever level it was headed for before. If I had to venture a guess, I'd say that's $1.00-ish.
http://community.smallcapnetwork.com/Chart-Analysis-for-DSCO-RTK-and-GNBT/s/article/view/p/mid/2/id/148/
Chart Analysis for DSCO, RTK, and GNBT
Generex Biotechnology, Rentech, and Discovery Laboratories are reviewed for technical trade-worthiness.
0 Comment(s) - Post a Comment
# / Rating : 0 / 0.00 - 1 : 2 : 3 : 4 : 5
Wednesday December 9, 2009 9:09 AM PST
By James E Brumley
Most stocks are still waffling, but a handful are actually geared up for strong moves.... some bullish, some bearish. Among the highest-potential charts we've run across today are Rentech, Inc. (AMEX:RTK), Discovery Laboratories, Inc. (NASDAQ:DSCO), and Generex Biotechnology Corporation (NASDAQ:GNBT). Here's a better look at each one.
Long story made short, I think Generex Biotechnology Corporation (NASDAQ:GNBT) is going to make good on the recent bullishness. We're seeing our second accumulation day today, and the effort was kicked off with a brief consolidation period.
The push-off point was support at $0.50, where Generex Biotechnology shares found a floor all throughout November (with one brief exception).
As for a target, that's tougher to pin-point. Generex Biotechnology Corporation shares were already in an uptrend. The September/October pullback was enough to reign in the euphoria, but not kill the overall bullishness. So, I suspect that GNBT is still on track to find whatever level it was headed for before. If I had to venture a guess, I'd say that's $1.00-ish.
http://community.smallcapnetwork.com/Chart-Analysis-for-DSCO-RTK-and-GNBT/s/article/view/p/mid/2/id/148/
OT: DA,
Thanks for the kind words. Funny you mention cookie making with grandchildren. LOL I just emailed my daughter-in-law and I get the children around the 20th for a massive cookie bake. My older grandson just came back from a Montana hunting trip where he got a 600 lb. elk.:) The younger one is 3 and I got the neatest picture of him in his hunting clothes holding a bunch of squirrels in each hand. Don't think that family will ever go hungry.
BTW, did you know I lost my husband in September? It was a blessing for he'd suffered a long time, first with heart problems, then with cancer.
Anyway, happy holidays and goooooooooo GNBT.:) I bought a small amount of CONN the other day. It has a small float, 56%institutional ownership, and a significant amount of shorts.
Lexi
DA...Thanks for the nice reply. I've been a follower of GNBT for years. To me it's very encouraging the way it's trading today for as I've mentioned, it often pops then sells off. After it pulled back, it came very close to the HOD again, but didn't surpass it. The volume continues to be very good...now 5.7M shares traded and it has traded around 45 minutes. If it makes a new HOD today, it would be a very good sign IMHO.
GNBT...This might FINALLY be the run. Usually the pop at first of day is the HOD, then comes the sell off. Today volume is huge in the first 20 minutes and it actually looks like it might be moving up after the dip.
GNBT...This might FINALLY be the run. Usually the pop at first of day is the HOD, then comes the sell off. Today volume is huge in the first 20 minutes and it actually looks like it might be moving up after the dip.
I don't, but should. I have some shares in an account that I don't manage.:)
CONN...the 4:00 trade was 6.17.
CONN...Really beaten down. Very small float...10.05M
44% of the float is short.:) Volume still very low, but appears to be getting some action.
CONN...Really beaten down. Very small float...10.05M
44% of the float is short.:) Volume still very low, but appears to be getting some action.
ENER...Thanks. I bought last week and added this morning.
BTW, SEED has made a nice move so far today. Float is less than 11M, so it can move fast. Volume was like 30k on Friday.:) So far today it is over 282k.
Lexi
ENER..Just passed Friday's HOD @ 12.19. This one is a mover. Float only 46M. 60% of float held by institutions.
ENER..Just passed Friday's HOD @ 12.19. This one is a mover. Float only 46M. 60% of float held by institutions.
Thanks for all the information you post here. It is very helpful.
Agreed that WMT is hurting other companies. A year or two ago they put in a super WMT probably a mile away from me. Not far from them is a Publix and I went to Publix last night and the parking lot had very few cars in it. I know WMT has hurt them big time. On the other side of the road from WMT is a discount gas place that I'm sure is feeling the effects of WMT due to the fact that in the last few months they got a gas station with very competitive prices. I'm insured with an Aetna HMO and I take a basic blood pressure med. I can get my med for $10 for three months at WMT without my prescription card and it costs me more than that to use my card and their mail service that supposedly gives you a better price.
Lexi
Encouraging info for those of us who play the wee ones.
WMT was .02 in 1975.:)
Walmart Moves to Crush it's Competition: They are calling it Project Impact, and it is a new strategy that will lead to cleaner stores, improve the "shopping experience" and friendly customer service. But the most important strategy is to hone in on areas where the competition can be killed. Wow!! Whether you like Walmart, or hate them, one thing is for certain, they changed the landscape when it comes to "superstores". The scuttlebutt is K Mart goes down later next year, and maybe even Rite Aid. And now it seems they have set their sights on Toys R Us.
Apparently Walmart will be remodeling 70% of their 3,600 stores in the next 5 years. In the 1990s, Walmart stock was up almost 1200%. Since 2000 came along, it's down 25%. Would you believe that in 1975, Walmart was about .02 a share??
From www.stocktiger.com newsletter. BTW, for those of you not familiar with this newsletter, it's free, comes each Sunday, and is excellent for those that like TA for there are many charts with annotations along with other news.
Lexi
Encouraging info for those of us who play the wee ones.
WMT was .02 in 1975.:)
Walmart Moves to Crush it's Competition: They are calling it Project Impact, and it is a new strategy that will lead to cleaner stores, improve the "shopping experience" and friendly customer service. But the most important strategy is to hone in on areas where the competition can be killed. Wow!! Whether you like Walmart, or hate them, one thing is for certain, they changed the landscape when it comes to "superstores". The scuttlebutt is K Mart goes down later next year, and maybe even Rite Aid. And now it seems they have set their sights on Toys R Us.
Apparently Walmart will be remodeling 70% of their 3,600 stores in the next 5 years. In the 1990s, Walmart stock was up almost 1200%. Since 2000 came along, it's down 25%. Would you believe that in 1975, Walmart was about .02 a share??
From www.stocktiger.com newsletter. BTW, for those of you not familiar with this newsletter, it's free, comes each Sunday, and is excellent for those that like TA for there are many charts with annotations along with other news.
Lexi
Someone sent me this prayer today and I thought the board might like it:
GOD OUR FATHER,
WALK THROUGH MY HOUSE
AND TAKE AWAY ALL MY WORRIES AND ILLNESSES;
AND PLEASE WATCH OVER AND HEAL MY FAMILY
IN JESUS ' NAME. AMEN
The circumstances of her life she could not alter, but she took them to the
Lord, and handed them over into His management; and then she believed that
He took it, and she left all the responsibility and the worry and anxiety
with Him. As often as the anxieties returned she took them back; and the
result was that, although the circumstances remained unchanged, her soul
was kept in perfect peace in the midst of them. And the secret she found so
effectual in her outward affairs, she found to be still more effectual in
her inward ones, which were in truth even more utterly unmanageable. She
abandoned her whole self to the Lord, with all that she was and all that
she had; and, believing that He took that which she had committed to Him,
she ceased to fret and worry, and her life became all sunshine in the
gladness of belonging to Him. H. W. SMITH.
http://www.fullbooks.com/Daily-Strength-for-Daily-Needs2.html
P.S.
The growth was cancerous; however, it is in stage one and the doctor says it is curable. Regardless, my husband will need chemo and radiation. Please continue your prayers for him.
Bless you,
Lexi
I took a short position in CROX yesterday at 6.4 and so far today in premarket it is 6.10. I felt that move up after the the few days with red candles was a good opportunity to get in. I agree with you that chart looks good for a potential fill of the gap around 4.54 or so.
Lexi
Thanks. I will. Definitely nice to have an additional source of prayer.
Lexi
Thank you so much. We go today at 2:00 to have the growth near his vocal cords checked. He has coughed most of the night. First we'll go to the ENT doctor to see if the coughing could be from the surgery yesterday and/or the the growth in this throat. If not, then we go to the hospital for an X-ray to see if he has fluid due to congestive heart problems. Unfortunately, I think many take good health for granted; however, if you have ever watched and taken care of someone over time that has a lot of problems, it certainly should be a learning experience about doing what is right and avoiding any health destroying habits we might have.
Appreciate your thoughts and prayers.
Lexi
Thanks so much. Surgery was successful; however, they found a growth near his vocal cords. Tomorrow we see the ENT specialist to find out what this is. Again, prayers are greatly appeciated.
Bless you,
Lexi
Good Morning,
I don't know what I'd do without my faith. I was raised in the church, went to a church related college, and raised my children in the church. As an adult, like many I've had my share of hardships and thank God I was able to find comfort and encouragement in my faith. I lost a husband at forty-one suddenly to a heart attack. Two years later remarried and have had a very difficult four years with my current husband due to his severe case of heart disease. He suffers in a variety of ways due to this condition. I'm asking for your prayers and the prayers of the board today for he goes in for out-patient surgery to get the muscle stretched that goes into his stomach. It has been so tight that even with food mashed and chopped very small he still has worries of choking. They tried to stretch it two months ago and due to the swollen condition they couldn't do it. I'm praying it works today for it will mean such a big difference in his ability to eat.
Thanking you in advance for your prayers and what all of you do here.
Bless you,
Lexi
Agree with you. I often look at stocks I trade to see who their "partners" are for you can tell a lot by knowing that. To have this co-founder of AMGN on the GNBT team is HUGE. Just imagine not only all the knowledge he has but also all the contacts. I think this could be a real turning point for GNBT.
Lexi
Moving up in AHs...
08/03/09 17:28:48 0.65 0.654 0.66 6500
08/03/09 17:29:12 0.66 0.66 0.68 1000
08/03/09 17:29:12 0.66 0.66 0.68 1000
08/03/09 17:29:40 0.66 0.64 0.68 0
08/03/09 17:29:40 0.68 0.64 0.68 500
08/03/09 17:29:55 0.68 0.68 0.68 -26340
08/03/09 17:30:12 0.68 0.64 0.672 26340
08/03/09 17:35:30 0.68 0.6402 0.672 0
08/03/09 17:37:47 0.68 0.6402 0.68 0
08/03/09 17:44:01 0.68 0.6402 0.68 0
08/03/09 17:46:05 0.68 0.68 0.68 -23965
08/03/09 17:46:20 0.68 0.68 0.68 2375
08/03/09 17:46:23 0.68 0.68 0.698 31090
08/03/09 17:46:40 0.68 0.68 0.68 -28715
08/03/09 17:46:55 0.68 0.68 0.68 2375
08/03/09 17:47:17 0.68 0.68 0.69 26340
08/03/09 17:50:05 0.68 0.68 0.68 -26188
08/03/09 17:50:20 0.68 0.68 0.68 153
08/03/09 17:50:35 0.68 0.68 0.69 26644
08/03/09 17:50:40 0.68 0.68 0.68 -26492
08/03/09 17:50:55 0.68 0.68 0.68 152
08/03/09 17:56:05 0.68 0.68 0.68 248
08/03/09 17:56:07 0.68 0.68 0.68 26092
08/03/09 17:56:20 0.68 0.68 0.68 -25844
08/03/09 17:56:26 0.68 0.6581 0.68 26835
08/03/09 17:56:40 0.68 0.68 0.68 -4748
08/03/09 17:56:55 0.68 0.68 0.68 248
08/03/09 18:06:24 0.68 0.6581 0.6799 4500
08/03/09 18:20:47 0.68 0.6581 0.68 0
08/03/09 18:21:03 0.68 0.6581 0.6581 0
08/03/09 18:26:15 0.68 0.6581 0.68 0
08/03/09 18:27:08 0.68 0.6581 0.6581 0
08/03/09 18:27:08 0.68 0.68 0.68 1300
GNBT moving up on big volume.
Does it seem odd to you too that FAS is a 5:1 and FAZ is a 10:1? Seems to me it would upset the balance.
DIREXION SHARES ETF TRUST
Direxion Daily Financial Bull 3X Shares
Direxion Daily Financial Bear 3X Shares
Supplement dated June 26, 2009 to
Prospectus dated October 1, 2008, as last supplemented on June 15, 2009
The Board of Trustees of Direxion Shares ETF Trust has approved reverse splits of the issued and outstanding shares of both the Direxion Daily Financial Bull 3X Shares (“Financial Bull Fund”) and Direxion Daily Financial Bear 3X Shares (“Financial Bear Fund”).
After the close of the markets on July 8, 2009 (the “Record Date”), the Financial Bull Fund will effect a one for five reverse split of its issued and outstanding shares and the Financial Bear Fund will effect a one for ten reverse split of its issued and outstanding shares. As a result of these reverse splits, every five shares of the Financial Bull Fund will be exchanged for one share and every ten shares of the Financial Bear Fund will be exchanged for one share. Accordingly, the number of the Financial Bull Fund and Financial Bear Fund’s issued and outstanding shares will decrease by approximately 80% and 90%, respectively. In addition, the per share net asset value (“NAV”) and next day’s opening market price of each the Financial Bull Fund and the Financial Bear Fund will be approximately five-times higher and ten-times higher, respectively. Shareholders of record on the Record Date will participate in the reverse splits. Shares of the Financial Bull and Financial Bear Funds will begin trading on NYSE Arca, Inc. (“NYSE Arca”) on a split-adjusted basis on Thursday, July 9, 2009 (the “Effective Date”).
The next day’s opening market value of the Financial Bull and Financial Bear Funds’ issued and outstanding shares, and thus a shareholder’s investment value, will not be affected by the reverse splits. The table below illustrates the effect of a hypothetical one for five reverse split anticipated for the Financial Bull Fund:
# of Shares
Hypothetical
Total Market
Period Owned Hypothetical NAV Market Price Value
Pre-Split 100 $ 9.00 $ 8.96 $ 896.00
Post-Split 20 $ 45.00 $ 44.80 $ 896.00
The table below illustrates the effect of a hypothetical one for ten reverse split anticipated for the Financial Bear Fund:
# of Shares
Hypothetical
Total Market
Period Owned Hypothetical NAV Market Price Value
Pre-Split 100 $ 5.00 $ 5.01 $ 501.00
Post-Split 10 $ 50.00 $ 50.10 $ 501.00
The Trust’s transfer agent will notify the Depository Trust Company (“DTC”) of each reverse split and instruct DTC to adjust each shareholder’s investment(s) accordingly. DTC is the registered owner of each Fund’s shares and maintains a record of each Fund’s record owners.
Redemption of Fractional Shares and Tax Consequences for each Reverse Split
As a result of the reverse splits, a shareholder of a Fund’s shares potentially could hold a fractional share. However, fractional shares cannot trade on the NYSE Arca. Thus, each Fund will redeem for cash a shareholder’s fractional shares at that Fund’s split-adjusted NAV as of the Record Date. Such redemption may have tax implications for those shareholders and a shareholder could recognize gain or loss in connection with the redemption of the shareholder’s fractional shares. Otherwise, neither reverse split will result in a taxable transaction for holders of Funds’ shares. No transaction fee will be imposed on shareholders for such redemption.
“Odd Lot” Unit
Also as a result of the reverse splits, each Fund will have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an “odd lot unit.” Thus, each Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit at the split-adjusted NAV or the NAV on such date the authorized participant seeks to redeem the odd lot unit.
Goldman Primed to Benefit from AIG's Woes -- Again, William Cohan Says
Posted Jul 02, 2009 10:28am EDT by Aaron Task in Newsmakers, Banking
Related: GS, MS, JPM, AIG, XLF, FAS, ^DJI
When Wall Street imploded last year, the Fed and Treasury took "some of the right moves" in order to revive the financial system, says William Cohan, author of House of Cards. But the government blew at least one crucial act of the saga, Cohan says: The backdoor bailout of AIG’s counterparties, notably Goldman Sachs, which received $13 billion of TARP funds via the AIG conduit last fall.
Adding insult to taxpayer injury, Goldman Sachs is primed to benefit should AIG ultimately file for bankruptcy and default on its debt, Cohan reports, having invested about $200 million in related credit default swaps.
Goldman spokesman Michael DuVally confirms the firm spent “over $100 million” on credit default swaps to hedge a $2.5 billion difference between the amount of collateral AIG had posted on certain trades and the amount Goldman thought it was due.
But DuVally says the trades were “wound down because we received the collateral owed,” a reference to the $13 billion the firm received via the AIG conduit last fall.
“They’re gone,” he says. “There will not be a credit event because the government decided to bail AIG out.”To be sure, there's no evidence an AIG default is imminent - or even likely given the government's seemingly endless support.
Still, Cohan disputes DuVally's characterization and AIG's 1-for-20 reverse stock split Wednesday did little to instill confidence in the firm.
Goldman “paid for credit default swaps from third parties to ensure them against a default in AIG debt,” he says in a phone conversation subsequent to the accompanying video. “ If AIG debt does [go into] default they get paid off.”
Furthermore, “it makes no sense to unwind” the trade, Cohan says, comparing it to a homeowner who pays for flood insurance and then says “I paid the premium but don’t want the insurance.”
According to Goldman, the firm used CDS to hedge its exposure to AIG, as any smart counterparty should, but then unwound the trade once the government stepped in. If that’s the case, then the firm is not positioned to directly profit from an AIG default.
But if Cohan is right, Goldman is set up to potentially double-dip from the AIG debacle, having already profited from the government’s bailout last fall. Actually, this might be a triple-dip for Goldman if you count the $10 billion of TARP funds the firm received -- and recently repaid.
“Why didn’t we just take stakes in Goldman and Morgan Stanley?,” wonders Cohan, a former investment banker. “We’re never going to get that $180 billion back from AIG.”
The AIG bailout, and the alphabet soup of programs -- TALF, PPIP, TARP – are part of what Cohan calls a “morphine drip” of programs the Fed has put the economy and Wall Street on. The programs are “designed to make us all feel good and artificially prop up various aspects of the capital market system that might otherwise not be operating properly,” Cohan says. “At some point that’s not good anymore. Buyers and sellers have to find themselves around real prices…not morphine-drip initiated [prices].”
Well, we broke key support for both of them at the closing of the day.
DOW currently @ 8327. From what I understand, it is very important for longs that it not break 8300. It's certainly not looking very strong here.