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I dont go by chat room rumors. Is a service I pay for. Issued a buy on this
just bought in today...this one is getting pumped... by one site I know of.
I actually like his claims. hehehehe....Just do the opposite of what he says and we make money!
Is just market makers catching up from the day. Sometimes orders are caught up right at the eod. Probably an all or nothing order from earlier. Looking at the chart the next resistance for this is around 2.65
Seeing buzz and alerts going out all over the net on this one.. nice play here
would suprise me to do a little sideways movement until more news is released. Good solid base here it looks like to me.
Was reading and watching news over the weekend. One of the newscasters said something like this. Italy is in trouble. They were not allowing Greece to buy materials because of the lack of credit the greeks now have. What struck me kind of funny was the news dude said "Italy is too big to fail ... too big to bail out. The 7th largest economy in the world. Now where have we heard that kind of line before? The claim of the Titanic was "even God cannot sink this ship" God used an ice cube.
Adding everything together with Iran boasting of its nuke enrichment program and boasting it will put out an update on its progress... Syria ... and still rioting in Greece. I dont know how the market will react to yet another bandaid.
question for you brainiacs out there???? How can the inverse of TVIX have a gap up also? TVIZ also is up?? I was understanding inverse ETFs should move in opposite directions?
Attempting to show true trend lines on the chart. with the trend drawn correctly, I do expect a little pull back here and there. Would be normal. If the pull back shows a drop under the trend. The trend becomes null an will need to be redrawn.
SBCO - Daily Candlesticks
[img]stockcharts.com/c-sc/sc?s=sbco&p=d&yr=0&mn=3&dy=0&id=p12912420228&a=256642795
outstanding read. Well written and informative. Too bad our media doesnt go this far into the truth in the news
Mr wedgie!!!! You were wrong so you disappeared for 4 days? Now the chart has come to levels which were expected. Yet no crash? LOL have a great day.
I would expect several news releases coming out with SBCO... with the plans involved here the CEO will need to clarify and identify many things in the coming weeks if she intends to keep the timeline of the N2 within the next 4 to 6 weeks.
By: John Carney
Senior Editor, CNBC.com
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Yesterday Standard & Poor’s warned that even if Greece’s private sector creditors agreed to a 70 percent reduction in the value of their bonds, Greek debt will still be unsustainable.
The problem is that so much of Greece's debt has left the private sector. The European Central Bank owns a substantial portion of the bonds—and so far has insisted that it will not accept anything less than full payment at maturity.
"But because only a small subcomponent of investors are actually taking the haircut and the official sector is not, or only partially, then the reduction... is probably not sufficient to make the debt sustainable, given the outlook for GDP itself," an S&P analyst explained.
It’s more than a bit ironic that the ECB’s bond purchases may make it more difficult for Greece to bring its debt down to sustainable levels.
You can expect that there will be a lot of pressure on the ECB to accept some haircut on its Greek assets. As I’ve explained here before, repaying the ECB at par for bonds it bought at a discount is actually a monetary contraction. The ECB will be taking more euros out of circulation than it injected by purchasing the bonds.
But an ECB haircut may be even more dangerous than the effective monetary tightening. Warren Mosler points out that letting Greece off the hook for its debt will immediately prompt other debtor nations to ask: “If Greece doesn’t have to pay, why do I?”
This, Mosler warns, would trigger a “financial crisis rivaling anything yet seen.”
More specifically:
… the catastrophic risk I’d highly recommend immediately hedging is the risk that Greek bonds are formally discounted, rapidly followed by a global discussion of ‘so why should we have to pay?’ Possible immediate consequences of that discussion include a sharp spike in gold, silver, and other commodities in a flight from currency, falling equity and debt valuations, a banking crisis, and a tightening of ‘financial conditions’ in general from portfolio shifting, even as it’s fundamentally highly deflationary. And while it probably won’t last all that long, it will be long enough to seriously shake things up.
This is not a figment of Mosler’s imagination. Earlier this week, Reuters was reporting that “Ireland would see any European Central Bank contribution to the restructuring of Greek debt as a precedent that would boost Dublin's efforts to ease the burden of its own sovereign debt.”
We’ve had lots of warnings about a possible domino effect of a disorderly Greek default. But we should also be worried about the domino effect of an orderly discounting of Greek debt.
Greece will likely fail to achieve sustainable debt levels if it only resorts to a 70 percent reduction in the value of bonds held by private creditors, Standard & Poor's warned on Wednesday, putting pressure on the ECB to also take losses. The deal with private sector bond holders is part of a reform package Athens needs to forge in return for a new international rescue to avoid a chaotic default.
Questions? Comments? Email us at NetNet@cnbc.com
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© 2012 CNBC.com
Why Greece Will Default, Leave the Euro Zone
Published: Friday, 10 Feb 2012 | 1:30 PM ET Text Size By: John Carney
Senior Editor, CNBC.com
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I'm going to make a somewhat irrational prediction.
I think Greece is going to drop out of the euro.
This is an irrational prediction because there's no real way of knowing that this will happen. But it is no more irrational than predicting that Greece will stay in the euro zone. We're just conjecturing about something no one can actually know.
My conjecture is based on a simple fact: If I were Greek, I'd leave the euro zone. The debt burden is unsustainable and the austerity measures demanded by the "troika" will only make it more so. With unemployment already at 21 percent, further government spending cuts are likely only to drag the economy down even more.
More importantly, perhaps, it is simply intolerable for a free nation to allow itself to be pushed around by its creditors. The creditor nations may feel like they have the moral authority to shove around Greece, but they are wrong. They have neither the moral authority nor the actual, operational authority. Greece can hurt them as much as they can hurt Greece.
It will be tough going for Greece after a default. But not necessarily much worse than the situation Greece is already facing. The country is already more or less shut out of credit markets. The so called "rescue" packages aren't really rescues of Greece at all—they are rescues for Greece's creditors. Why should the Greeks tolerate this?
Even if Greece were never able to borrow another dollar from a non-Greek, its people would at least know that they were the masters of their own destiny.
But, to be perfectly frank, it would never come to that. A Greek default would not forever exclude Greece from the ability to borrow. Russia, despite its default, now has access to global credit markets. It's very likely that Greece would only suffer a temporary exclusion following a default.
So, there you have it. I think Greece will default, abandon the euro, and shake up the entire world. That's what I would do if I were running the place.
© 2012 CNBC.com
I cannot wait for the Conference call. Im going to fry Gandy right on the phone in front of everyone who listens. I HIGHLY doubt Gandy has the balls to follow through with any conference call. Will keep an eye out for the date. I am sure I wont be the only one calling Gandy out on the carpet. This slimy pos is going to jail hopefully.
question for the board. I am wondering if the Iran issues heating up should make this rise? Its my understanding this is a good way to hedge for oil prices rising>?
I love this board. You people are doing a fantastic work here. I have something I would like to request help for. I am not understanding completely what a BDC is or many of the claims here. The company is sbco.
I think we need to give them a week or 2 in order to see the complete share structure. I would suggest to everyone here to contact the IR firm explaining we want complete transparancy for this. Companies who have nothing to hide will allow Transfer agents to give the information. Karen came across to me as wanting investors to realize the potential here by investing and not just day trading the stock. Some simple emails to Sterling capitol explaining what we want to see here should do the trick.
thats the spirit... gonna sell wendys monday and buy a little more of this......hopefully all heck breaks loose over the weekend
I bought 1k more after hours. Watching cnbc Greece is going to default this weekend as it is too late for them to convene for a vote. A little more market panic. Plus the VIX going above 20 is a good sign here for this play
have to agree.....3rd carrier heading to Iran...news comes on here at 6pm locally. Weekend fear means monday morning panic...means profit for this one. A very smart trader friend of mine is calling for 35.00 next week on this
ok I have a little system for determining true float. It is not 100% accurate but it is usually fairly close. Without going into everything that is figured in here. I would say best guess for the float right now is a little over 5.7 million shares.. up to 7 million. Also watching the level 2 yesterday. It should have taken off and sustained the .07 ranges. Watching today it appears the market makers have more shares now than they used to. I dont see this as too much damage as long as shareholders keep their wits and dont get scared when MMs do a crash on the pps like they pulled this morning. My best guess is MMs are aware of what is happening and want more shares to manipulate this with. They are greedy and crooked (within the law crooked). If you wish to prevent them from pulling a naked short... put your sell orders in very high. That way they cannot use your shares to short with.
Joe my friend. This is so utterly ridiculous its pathetic. I have all I can do to keep from laughing at these morons at PGIE. I sent you several private messages trying to get you to buy into a stock. King Zulu and myself got in and made some very very nice bank. Open up your private messaging
That is the company that could make this go crazy imo. America is struggling with its future. Many of us are turning to history as we get older. I was but a child when I was allowed to watch the first man on the moon live. My grandma let me stay up to see it. When the movie comes out I will go to see it. Also given the popularity of some movies. Could see massive revenues from the release of this one.
exactly...that is how I was taught. I stick with it
I have to agree....why sell a stock with this kind of potential if you dont have hardly any money into it. I was taught to sell your initial investment with a little profit possibly...then hold for what could be huge money later...has panned out well for me. Sometimes you hold one long enough and it goes insane from a filing. Thats where the big money is
I dont lie......except about christmas presents to my kids.. I bought almost 300k back in the under .002 and lower... sold 150k when the stock gave me a little over double...then bought more as I have posted
the numbers are everything to me and any investor. Will have to wait until the CEO does all the filings to determine true value of the company. The media company I have to assume is going to be a part of SBCO....as it is listed on the website. but until the 8k is filed to show how much.. we really dont know yet
lol are you related to super man?? with an SG on your blue tights?
holding for .25 myself.....call me greedy
anyone else having issues with Ihub this morning? pages wouldnt load at all at first now they are very slow
Very nice recap of what was talked about. Seems we have an actual valid investment here. I didnt sell anything on the run up. Going to hold this for a year to see what develops.
heres a couple of links on the companies they talked about on the radio show.
http://www.sqwish.net/
http://www.astrajet.com/
good plan.
The one and only thing that makes sense here is SBCO sold some shares into the float. Was no reason for this to go down on news. At least the news was good.
this is fantastic!!!!!!! we have a winnner here boys and girls
please post it
this is set to explode !!
lol yes you did