Kudos on a nice trade.

I'm probably going to sell out on Tuesday morning and take a small loss. Like you, I've had some bad experiences with reverse splits. I'm also not crazy about the fact that they chose to announce it on the Friday of a holiday weekend, after the close.

UVXY just announced a 1 for 10 reverse stock split in effect on June 10th.

http://finance.yahoo.com/news/proshares-announces-etf-share-splits-201500426.html

FWIW. This article may be something to think about.

Pomerantz Law Firm has filed a Class Action Against Aveo Pharmaceuticals, Inc. and Certain Officers -- AVEO

http://finance.yahoo.com/news/pomerantz-law-firm-filed-class-231038690.html

Had to think about it for just a minute, but really funny. Guess a lot of younger people wouldn't get it though.

FST !! Not only on the scan, but bought some at $4.23 this morning after doing some research. Looking Strong and up almost 3% so far today. Thanks for the heads up !!

CBOU.

I have no position Pro or Con concerning this stock, but came across this article on Yahoo. Just FYI.


http://www.fool.com/investing/general/2012/02/23/could-it-be-time-to-sell-this-coffee-stock.aspx

Always wondered what happened to him. Maybe, like me, he stopped trading when the economy headed South, and lurked only occasionally to see what was going on with Zeev's thread.

looks like it hit $1.60 in pre-market before falling back. Should be fun to watch over the next couple of days.

I've been holding 1000 shares of MCZ at $1.18 ever since Bearmove trumpeted it. Never could bring myself to just dump it. Maybe it will be worth a little something now.

The Reuters/University of Michigan Surveys of Consumers said its preliminary index of confidence fell to 59.5 in May, its lowest since June 1980. In April it was 62.6.

"Consumer confidence continued to slip in early May due to surging food and fuel prices," the Surveys of Consumers statement said.

"Record numbers of consumers viewed the economy in recession and saw little hope of recovery anytime soon."

This was well below economists' median expectation of a reading of 62.0, according to a Reuters poll.

This is what's even more ridiculous.

"The reported drop in gasoline prices reflected the government's accounting process, which discounts expected seasonal price changes.

Since gasoline prices normally rise significantly in April, the 5.6 percent rise in prices for the month turned into a 2 percent drop after the government adjusted for normal seasonal changes. That was little comfort for motorists now paying record prices at the pump, which are nearing $4 per gallon."

So if prices are up, they just adjust them down because of the month? How crazy to say gasoline was down 2% when it was up 5.6%. Why discount an actual price increase?

http://biz.yahoo.com/ap/080514/economy.html

***OT

Hi Tuna. I was originally from New England and headed back in the early 80's as all my family was here. Now settled on salty old Cape Cod. Another fine place to live. Best of luck with the move.

Russ

Good luck with the move Tuna. Are you staying in Arizona? I lived in Phoenix for eight years in the late 70's to early 80's. Loved the weather.

Russ

Lee. The Sox won 12-4. Have a good one.

Russ

I also nominate Bruce and Lee.

I also agree that it's time we picked Moderators and assistants. There's been enough talk, and now it's time to decide. My votes are for Bruce and Lee. Let's face it. With two first names that combine for Bruce Lee, someone else who could kick butt and take names when necessary, we should get back to Zeev's principles in no time.

Russ

I agree that you would do a super job Bruce. There's a core group of people on this board that everyone highly respects, and you're certainly one of them. However, I'm wondering if any of the other long term 'core' members would also want to moderate the board. I think we'd all want to be fair and to avoid any hurt feelings. If nobody else expresses a desire to moderate the board in the next day or two, I would move that we award you the position. If someone else does want the job, we'll have to figure out the best way of choosing.

I also agree that the political references are becoming increasingly annoying. But the first thing we should do is take a poll and see who actually wants to moderate the Board. No sense nominating someone if they 'do not choose to run".

I know that takes some time and effort to post those articles, but it's much appreciated. Keep them coming.

Thanks for the post Bruce. This story points out what a truly amazing man Zeev was. That's something we all knew, but now more people can share in his remarkable life.

Sox lead 3-2, top of the 6th, 2 outs.

Sadly Terrible news for Zeev's family, and all of us. He was a fighter and one of a kind. Rest in Peace, as I know you will, with so many prayers.

Russ

Tuna. I'll give you credit. You have nerves of steel. Lately GSI doesn't seem to want to find a bottom and it scares the heck out of me, but I'll be rooting for you.

Good luck with the GSI tuna. I yanked the short leash and got out with a 15 cent loss. Didn't have that many shares so it didn't hurt much, and I already have enough 'long term holds' since this market has tumbled. Hope it goes up for you and I'll look at that CNEH though.

GSI. Out at $8.50 for a 15 cent loss. Doesn't seem ready to rock and roll yet, but it may now that I'm out of it. LOL

George. If it's any consolation, many of us have been there all too often. But it still stinks. Hope you can get some winning trades to make up for it. Tough market out there right now.

Great entry tuna. You beat me on GSI. I got some at 8.65. Hoping the bleeding is over for now and we get a little rally. But I'm going to keep it on a short leash.

GSI. Guess I should have sold on the bounce from the earnings report. Market seems underwhelmed.

I agree. It said the guy had been waiting 10 hours or something like that, and was disoriented and breathing heavy, which could be signs of some kind of distress healthwise. Just seems they could have subdued without the taser, especially when he threw up his hands as if he was giving up. I do think it has a place with the really violent people, but my opinion is the police may need more training in when to apply it. Just my .02

TASR. Don't own any but a guy died at the airport after being tasered. Could have an effect on the stock today, BWDIK.

http://www.cnn.com/video/#/video/world/2007/11/15/milewski.canada.man.tasered.cbc

CPSL. Got it on the streamer to DD. Thanks. BTW. I was hoping GSI would take off more than it did. Maybe tomorrow.

GSI

General Steel Holdings Announces Record Third Quarter 2007 Financial Results
Last update: 11/14/2007 4:01:00 PM
BEIJING, Nov 14, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- General Steel Holdings, Inc. ("General Steel") (''The Company'') (GSI), one of China's leading non-state owned steel products producer; today announced its results for the third quarter which ended September 30, 2007.

Financial Highlights -- Revenue increased 636% to $345.4 million -- Net Income increased to $8.0 million, or $0.25 in EPS -- YTD Revenues reached $504 million, Net Income of $10.4 million and $0.33 in EPS Achievements -- Approved for listing on American Stock Exchange -- Received tax rate reduction for Longmen Joint Venture -- Longmen Joint Venture acquired controlling interest in two companies

''As the first full quarter of reporting for all three of our subsidiaries, we are indeed happy to deliver to our shareholders record revenue and profit results. This is a strong confirmation to us that our aggregation strategy in the China steel industry is yielding significant fruit'' state Henry Yu, CEO and Chairman of General Steel. He further commented, ''We were also pleased this quarter to receive qualification approval from the National Development Reform Commission (NDRC) for the ''Go West'' special tax treatment lowering our effective tax rate at the Longmen Joint Venture from 33% to 15%. A capstone event of the quarter was our approval to list on the American Stock Exchange. All-in-all, we are very pleased to offer our shareholders the results of this quarter.''
Third Quarter Financial Results
Note: This is the first full quarter of reporting for the Longmen Joint Venture and the Baotou Steel Pipe Joint Venture.
Net sales for the third quarter of 2007 increased 636% to $345.4 million compared to $47.0 million for the same quarter in 2006. The Company produced and shipped 814,456 tons in aggregate, representing a 641% increase compared to 109,912 tons during the third quarter of 2006. Cost of sales for the three months ended September 30, 2007 increased 604% to $319.5 million compared to $45.4 for the same period in 2006.
Quarterly gross profit for the third quarter of 2007 was $25.9 million, an increase of approximately 1566% or $24.3 million from $1.6 million for the same period last year. Gross margins increased to 7.5% from 3.3% for the third quarter of 2007 and 2006 respectively. Selling, general and administrative expenses were $6.8 million for the three months ended September 30, 2007, compared to $0.61 million for the same period of 2006. Net income for the 2007 third quarter increased significantly to $8.0 million, representing earnings per share of $.25, from $0.18 million in net income, or $.01 per share during the third quarter of 2006.
Nine Month Financial Results
Net sales increased approximately 420% to $504.2 million for nine months ended September 30, 2007, as compared to $97 million for the same period last year. Gross profit for the nine months ended September 30, 2007 was approximately $35.7 million, an increase of 692% or $31.2 million from $4.5 million for the same period last year. Gross profit margin increased to 7.1 percent from 4.7 percent for the nine months ended September 30, 2007 and 2006. Operating income for the nine months ended September 30, 2007 was $25.4 million, increased more than ten-fold from the $2.3 million reported in the same period of 2006. Net income was $10.4 million for the nine months that ended September 30, 2007, compared with $0.52 million in the same period last year, an increase of $9.9 million, or approximately 1899%. This equated to earnings of $.33 per share compared to $.02 per share for the first nine months of 2006.
"We have reached a true inflection point in our business, which is the culmination of hard work, prudent planning and solid execution on behalf of our entire organization. ''The underlying growth dynamics and fundamentals in the steel industry provide further confirmation that our business model, of finding solid cash constrained steel companies with strong management, is not only sustainable, but scalable. We have confidence in our ability to deliver significant growth on a go forward basis as we identify and capitalize on these accretive transactions and continue to derive the economic benefits of full integration on our completed joint ventures,'' Mr. Yu concluded.
Conference Call
Management will host a conference call to discuss its third quarter 2007 financial results at 9:00 a.m. EST on Thursday, November 15, 2007. To access the conference call, dial 800-860-2442, pass code for ALL callers: General Steel Earnings Call. This call is being webcast by MultiVu a PR Newswire Company and can be accessed by clicking on this link .
About General Steel Holdings, Inc.

MCZ. That certainly was a disappointing earnings report. Guess the conference call didn't do anything to build confidence either. Maybe Bearmove will be able to add some enlightenment.

Kind of funny actually. even the CNBC talking heads can't force themselves to buy these numbers.

Sorry to hear that tuna. Really bad environment out there. I had several alerts set for buying, but even though they've triggered I haven't moved on them. this market just seems to want to keep going down for a while longer.

GSI. Will hold up to earnings hoping for a run-up.

GSI. The bloom came off that rose pretty quickly.

No problem. Maybe we can cash some profit on what looks to be a down market day.

GSI Up PM. this is only news I see.

General Steel Holdings' Longmen Joint Venture Receives Tax Rate Reduction from National Development Reform CommissionLast update: 11/12/2007 9:00:00 AMBEIJING, Nov 12, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- General Steel Holdings, Inc. ("General Steel") (GSI), one of China's leading non-state owned steel products producer; announced today that its Longmen Joint Venture received notification from the National Development Reform Commission (NDRC) that it qualifies for the national "Go West" special tax treatment for companies significantly contributing to the economic development of the Western Region. The "Go West" tax treatment lowers the effective corporate tax rate from 33 percent to 15 percent. This change is effective July first and will be reflected in the Company's reported third quarter financial results. "The Central government has placed development of the Western Region as a key priority for national economic growth. One of the reasons we chose to partner with the Longmen Group was its geographic location as a bridgehead point for development into the Western Region. Receiving this "Go West" qualification from the NDRC reinforces our strategy to be a dominant player in this market and capitalize on the expanding growth opportunities here" stated Mr. Henry Yu, CEO and Chairman of General Steel Holdings, Inc. About General Steel Holdings, Inc. General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies. With 3 million tons aggregate production capacity, its companies serve various industries and produce a variety of steel products including reinforced bar (rebar), hot-rolled carbon and silicon sheet and spiral-weld pipe. The Company has steel operations in Shaanxi province (central China), Inner Mongolia autonomous region (northwest China) and Tianjin municipality (northeast China). Information Regarding Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements which will be made are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company's Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.

Kind of funny. Even though CNBC shows the Dow to be up about 20 points, my TD Ameritrade streamer shows it to be down over 300 points. Hope it's not an omen.