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lmao, nice!! e/m
.44 is support and it held it today. That was big. Hopefully some sideways consolidation and a move up to the .70's and then hold it.
VSTNQ Technical Stock Chart_ 3/1/2010
PCX up 11%, up a grand
well this is looking much better today
02/25/2010 Buy 500.0000 PCX PATRIOT COAL CORP Details $16.93000
-$8,473.95
today it is
PCX PATRIOT COAL CORP 500 $18.06
+$1.40 =$9,030.00 +$700.00 today
Holding for a sell signal
Well stated, I am hoping this emerges out of bankruptcy like VRML. News like the following but for Visteon would put the stock back to 2008 levels, imo.
Vermillion, Inc. Emerges From Bankruptcy
Friday, 22 Jan 2010 01:57pm EST
Vermillion, Inc. announced that it has emerged from protection under Chapter 11 of the United States Bankruptcy Code in fewer than 10 months following its filing for bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. Vermillion emerged from bankruptcy with all creditors receiving 100% of allowed claims and with the common stock being fully restated.
I guess .70 close. GLTA
Also bought VSTNQ on friday, but that is a lotto now a compound play. Added some shares of it today also on the 50% retraction.
PCX up 5% today. looks good.
Volume is picking up here. I added a little for fun. Got a lil over a 2 bagger going. If it goes down to .32 I'll sell and that will be that. But I think I am going to roll the dice on this one. I sold DTG at 0.80 all happy making almost 50%, it's at $31.12 today.
my guess this is a dip to .77 or .75. Technically it has to reset, also profit takers and mm's.
only 500 went through, my bad. at 17.10 after hours.
Vietnam to Devalue Dong 3.4%
By NGUYEN PHAM MUOI And PATRICK BARTA
HANOI—Vietnam said it will devalue its currency for the second time in less than three months as the Southeast Asian nation continues to struggle with a hangover from economic volatility during the past two years.
An increasingly popular destination for Western capital, Vietnam continued to post strong growth rates even through the dark days of last year's global recession. But economists say the country's strong recent performance–including growth of roughly 5.5% in 2009, according to the World Bank—masks serious underlying problems including a large trade deficit, high inflation and a shortage of U.S. dollars needed to keep the financial sector humming.
All that has put severe pressure on the Vietnamese dong as local residents lose confidence in their currency. By contrast, some other Asian countries have seen their currencies rise recently, as their economies regain their footing after the latest global financial crisis.
The State Bank of Vietnam, the country's central bank, said Wednesday it will devalue the Vietnamese dong by 3.4% effective Thursday. That comes on top of a 5% devaluation in November and two other devaluations since June 2008. Now, one U.S. dollar will buy 18,544 dong, compared to 17,941 dong earlier in the week.
The central bank on Wednesday also imposed a 1% ceiling on interest rates on dollar deposits at banks by "economic institutions," not including credit institutions, to try to flush more greenbacks into the market.
The devaluation will help make Vietnam's key exports, which include shoes, coffee and rice, cheaper than those of many other Asian countries, potentially improving its relative position in global trade. That could increase tensions with some neighbors, especially Thailand, with which it competes heavily in global markets. Thailand has already complained that some currencies in the region, including the Chinese yuan, may be undervalued.
But it's unclear whether the devaluation will be enough to ease the tensions in Vietnam's economy. The problems stem in part from imbalances lingering from Vietnam's years of rapid expansion from 2000 to 2007, when gross domestic product grew an average of 7.5% a year and inflation got out of control, reaching a peak of 28% in August 2008.
Although the global credit crunch helped ease inflation, it dented foreign direct investment in Vietnam and pushed exports into a slump, swelling the country's trade deficit and exposing its over-reliance on overseas markets. Vietnam estimated its trade deficit in January was $1.3 billion, with imports leaping 87% and exports rising 28%.
Inflation, meanwhile, has shown signs of returning: January inflation was 7.62%, exceeding a government target for the whole year of 7%.
Many Vietnamese residents have responded by hoarding dollars out of fear the dong will become even less valuable in the future.
The non-convertible Vietnamese currency is allowed to trade within a band of 3% on either side of the midpoint the central bank sets daily. However, it has been beyond the band's weak end on unofficial markets for more than a year – an indication of residents' lack of confidence in the dong.
On the unofficial market, such as in gold shops that double as foreign-exchange dealers in Vietnam, one dollar was buying 19,180 dong earlier on Wednesday.
The latest devaluation comes just days before the Lunar New Year festival, or Tet, which is Vietnam's biggest holiday, a time when cash is in demand and bank liquidity is under pressure.
bought PCX 550 shares.
9,320
Sold UNG a couple days ago. I Have not been posting lately do to other parts of life being hectic. Looking for a new trade.
i wonder what bottom will be.
sweet. e/m
NOT!! But I have some shiny coins.
slash bars.
I just joined the RHIE team. let her roll!! e/m
Good news for the United States Natural Gas Fund, LP (NYSE:UNG), the U.S. Energy Information Administration (EIA) said today it expects domestic natural gas production in 2010 to be down 3% from 2009 levels.
ungThe US Nat Gas Fund (UNG) has managed to comeback 15.8% since Dec 3rd after falling into the mid $8 range. Today the UNG is at $10.09 a share, its 52-week range runs from $8.50 to $23.33.
In its January Short-Term Energy Outlook, EIA said it expected marketed natural gas production to be down 1.8 billion cubic feet per day, or 3 percent, this year, primarily due to steep declines from initial production at newly drilled wells and the lagged effect of reduced drilling activity.
What’s Haunting Timothy Geithner?
Criticism has dogged the treasury secretary for months. Now newly uncovered e-mails indicate how the New York Fed, under his tenure, directed AIG to keep quiet about its disbursement of $62 billion in bailout funds.
A cache of e-mails released Thursday by the office of Rep. Darrell Issa, a California Republican and ranking minority member of the House Committee on Oversight and Government Reform, paints a startling picture of how lawyers for the New York Fed directed AIG to withhold key details from the SEC about the billions in credit default swaps it had issued to some of the world's biggest banks, and its decision to make good on every penny of them, even as many of these banks were being bailed out themselves. At the request of Republican members of the Oversight Committee, its Democratic Chairman Rep. Edolphus Towns of New York, has announced that he will bring Geithner in front of the committee for a hearing later this month about the advice the New York Fed gave to AIG. If Geithner doesn't show, he could be subpoenaed. AIG has refused to comment on the matter.
The e-mails span five months beginning November 2008, and chart how the New York Fed pushed AIG to delay filings and become less and less transparent in disclosing its counterparty agreements, and in setting up the publicly-funded holding company, Maiden Lane LLC III, that was created to buy up toxic securities it had insured. Throughout the chain of e-mails, lawyers from Davis Polk & Wardell LLP, representing the New York Fed, actually cross out language explaining that AIG paid its counterparty banks "100 percent of the par value" of the bad securities it had insured. They also give it instructions not to mention the nearly $10 billion of synthetic CDO's that remained on its books. A synthetic CDO is a security whose underlying asset is not a bond, but an insurance contract on a bond. They are widely seen as some of worst of the toxic securities at the heart of the crash.
There are moments in the e-mails when lawyers for AIG push back, arguing for more disclosure, but in the end, they acquiesce. The exchanges depict AIG as stuck in the middle of a tug of war between the SEC and New York Fed, with the SEC trying to pull the bailed out insurance conglomerate toward transparency, and the New York Fed trying to keep it in the dark. While there don't appear to be any claims that AIG or the New York Fed acted illegally, the emails do bring to the fore the lack of transparency that permeats the system. "It appears the New York Fed deliberately pressured AIG to restrict and delay important information to the SEC," Rep. Issa said in a statement. "The lack of transparency is disturbing enough, but the outstanding question that remains is why the FRBNY didn't fight for a better deal for the American taxpayer."
The e-mails could spell more trouble for Geithner, who has drawn criticism from lawmakers over the last year for his perceived coziness with Wall Street. During much of the back and forth e-mails in November and December 2008, Geithner was still president of the New York Fed. But the Treasury Department and the New York Fed insist that he had nothing to do with the discussions, that he had recused himself of the matter in anticipation of his nomination by President Obama. "Secretary Geithner played no role in these decisions and indeed, by Nov. 24, he was recused from working on issues involving specific companies, including AIG," a Treasury spokesperson wrote in an e-mail to NEWSWEEK. The New York Fed followed shortly with a statement from its general counsel Thomas Baxter stating, "Matters of AIG securities law disclosure would not have been brought to the attention of the president of the Federal Reserve Bank of New York." Baxter has also been asked to attend the Oversight Committee hearing, scheduled for teh week of January 18.
Critics say that considering Geithner was at the time preparing to be appointed Treasury Secretary, a role in which he would undoubtedly have to deal with the swelling $182 billion AIG bailout, that it's unlikely he was completely in the dark. And that if he had disavowed himself of all knowledge of the situation with AIG, how well was he really doing his job?
con't
http://www.newsweek.com/id/229887
What’s Haunting Timothy Geithner?
Criticism has dogged the treasury secretary for months. Now newly uncovered e-mails indicate how the New York Fed, under his tenure, directed AIG to keep quiet about its disbursement of $62 billion in bailout funds.
A cache of e-mails released Thursday by the office of Rep. Darrell Issa, a California Republican and ranking minority member of the House Committee on Oversight and Government Reform, paints a startling picture of how lawyers for the New York Fed directed AIG to withhold key details from the SEC about the billions in credit default swaps it had issued to some of the world's biggest banks, and its decision to make good on every penny of them, even as many of these banks were being bailed out themselves. At the request of Republican members of the Oversight Committee, its Democratic Chairman Rep. Edolphus Towns of New York, has announced that he will bring Geithner in front of the committee for a hearing later this month about the advice the New York Fed gave to AIG. If Geithner doesn't show, he could be subpoenaed. AIG has refused to comment on the matter.
The e-mails span five months beginning November 2008, and chart how the New York Fed pushed AIG to delay filings and become less and less transparent in disclosing its counterparty agreements, and in setting up the publicly-funded holding company, Maiden Lane LLC III, that was created to buy up toxic securities it had insured. Throughout the chain of e-mails, lawyers from Davis Polk & Wardell LLP, representing the New York Fed, actually cross out language explaining that AIG paid its counterparty banks "100 percent of the par value" of the bad securities it had insured. They also give it instructions not to mention the nearly $10 billion of synthetic CDO's that remained on its books. A synthetic CDO is a security whose underlying asset is not a bond, but an insurance contract on a bond. They are widely seen as some of worst of the toxic securities at the heart of the crash.
There are moments in the e-mails when lawyers for AIG push back, arguing for more disclosure, but in the end, they acquiesce. The exchanges depict AIG as stuck in the middle of a tug of war between the SEC and New York Fed, with the SEC trying to pull the bailed out insurance conglomerate toward transparency, and the New York Fed trying to keep it in the dark. While there don't appear to be any claims that AIG or the New York Fed acted illegally, the emails do bring to the fore the lack of transparency that permeats the system. "It appears the New York Fed deliberately pressured AIG to restrict and delay important information to the SEC," Rep. Issa said in a statement. "The lack of transparency is disturbing enough, but the outstanding question that remains is why the FRBNY didn't fight for a better deal for the American taxpayer."
The e-mails could spell more trouble for Geithner, who has drawn criticism from lawmakers over the last year for his perceived coziness with Wall Street. During much of the back and forth e-mails in November and December 2008, Geithner was still president of the New York Fed. But the Treasury Department and the New York Fed insist that he had nothing to do with the discussions, that he had recused himself of the matter in anticipation of his nomination by President Obama. "Secretary Geithner played no role in these decisions and indeed, by Nov. 24, he was recused from working on issues involving specific companies, including AIG," a Treasury spokesperson wrote in an e-mail to NEWSWEEK. The New York Fed followed shortly with a statement from its general counsel Thomas Baxter stating, "Matters of AIG securities law disclosure would not have been brought to the attention of the president of the Federal Reserve Bank of New York." Baxter has also been asked to attend the Oversight Committee hearing, scheduled for teh week of January 18.
Critics say that considering Geithner was at the time preparing to be appointed Treasury Secretary, a role in which he would undoubtedly have to deal with the swelling $182 billion AIG bailout, that it's unlikely he was completely in the dark. And that if he had disavowed himself of all knowledge of the situation with AIG, how well was he really doing his job?
con't
http://www.newsweek.com/id/229887
What’s Haunting Timothy Geithner?
Criticism has dogged the treasury secretary for months. Now newly uncovered e-mails indicate how the New York Fed, under his tenure, directed AIG to keep quiet about its disbursement of $62 billion in bailout funds.
A cache of e-mails released Thursday by the office of Rep. Darrell Issa, a California Republican and ranking minority member of the House Committee on Oversight and Government Reform, paints a startling picture of how lawyers for the New York Fed directed AIG to withhold key details from the SEC about the billions in credit default swaps it had issued to some of the world's biggest banks, and its decision to make good on every penny of them, even as many of these banks were being bailed out themselves. At the request of Republican members of the Oversight Committee, its Democratic Chairman Rep. Edolphus Towns of New York, has announced that he will bring Geithner in front of the committee for a hearing later this month about the advice the New York Fed gave to AIG. If Geithner doesn't show, he could be subpoenaed. AIG has refused to comment on the matter.
The e-mails span five months beginning November 2008, and chart how the New York Fed pushed AIG to delay filings and become less and less transparent in disclosing its counterparty agreements, and in setting up the publicly-funded holding company, Maiden Lane LLC III, that was created to buy up toxic securities it had insured. Throughout the chain of e-mails, lawyers from Davis Polk & Wardell LLP, representing the New York Fed, actually cross out language explaining that AIG paid its counterparty banks "100 percent of the par value" of the bad securities it had insured. They also give it instructions not to mention the nearly $10 billion of synthetic CDO's that remained on its books. A synthetic CDO is a security whose underlying asset is not a bond, but an insurance contract on a bond. They are widely seen as some of worst of the toxic securities at the heart of the crash.
There are moments in the e-mails when lawyers for AIG push back, arguing for more disclosure, but in the end, they acquiesce. The exchanges depict AIG as stuck in the middle of a tug of war between the SEC and New York Fed, with the SEC trying to pull the bailed out insurance conglomerate toward transparency, and the New York Fed trying to keep it in the dark. While there don't appear to be any claims that AIG or the New York Fed acted illegally, the emails do bring to the fore the lack of transparency that permeats the system. "It appears the New York Fed deliberately pressured AIG to restrict and delay important information to the SEC," Rep. Issa said in a statement. "The lack of transparency is disturbing enough, but the outstanding question that remains is why the FRBNY didn't fight for a better deal for the American taxpayer."
The e-mails could spell more trouble for Geithner, who has drawn criticism from lawmakers over the last year for his perceived coziness with Wall Street. During much of the back and forth e-mails in November and December 2008, Geithner was still president of the New York Fed. But the Treasury Department and the New York Fed insist that he had nothing to do with the discussions, that he had recused himself of the matter in anticipation of his nomination by President Obama. "Secretary Geithner played no role in these decisions and indeed, by Nov. 24, he was recused from working on issues involving specific companies, including AIG," a Treasury spokesperson wrote in an e-mail to NEWSWEEK. The New York Fed followed shortly with a statement from its general counsel Thomas Baxter stating, "Matters of AIG securities law disclosure would not have been brought to the attention of the president of the Federal Reserve Bank of New York." Baxter has also been asked to attend the Oversight Committee hearing, scheduled for teh week of January 18.
Critics say that considering Geithner was at the time preparing to be appointed Treasury Secretary, a role in which he would undoubtedly have to deal with the swelling $182 billion AIG bailout, that it's unlikely he was completely in the dark. And that if he had disavowed himself of all knowledge of the situation with AIG, how well was he really doing his job?
con't
http://www.newsweek.com/id/229887
What’s Haunting Timothy Geithner?
Criticism has dogged the treasury secretary for months. Now newly uncovered e-mails indicate how the New York Fed, under his tenure, directed AIG to keep quiet about its disbursement of $62 billion in bailout funds.
A cache of e-mails released Thursday by the office of Rep. Darrell Issa, a California Republican and ranking minority member of the House Committee on Oversight and Government Reform, paints a startling picture of how lawyers for the New York Fed directed AIG to withhold key details from the SEC about the billions in credit default swaps it had issued to some of the world's biggest banks, and its decision to make good on every penny of them, even as many of these banks were being bailed out themselves. At the request of Republican members of the Oversight Committee, its Democratic Chairman Rep. Edolphus Towns of New York, has announced that he will bring Geithner in front of the committee for a hearing later this month about the advice the New York Fed gave to AIG. If Geithner doesn't show, he could be subpoenaed. AIG has refused to comment on the matter.
The e-mails span five months beginning November 2008, and chart how the New York Fed pushed AIG to delay filings and become less and less transparent in disclosing its counterparty agreements, and in setting up the publicly-funded holding company, Maiden Lane LLC III, that was created to buy up toxic securities it had insured. Throughout the chain of e-mails, lawyers from Davis Polk & Wardell LLP, representing the New York Fed, actually cross out language explaining that AIG paid its counterparty banks "100 percent of the par value" of the bad securities it had insured. They also give it instructions not to mention the nearly $10 billion of synthetic CDO's that remained on its books. A synthetic CDO is a security whose underlying asset is not a bond, but an insurance contract on a bond. They are widely seen as some of worst of the toxic securities at the heart of the crash.
There are moments in the e-mails when lawyers for AIG push back, arguing for more disclosure, but in the end, they acquiesce. The exchanges depict AIG as stuck in the middle of a tug of war between the SEC and New York Fed, with the SEC trying to pull the bailed out insurance conglomerate toward transparency, and the New York Fed trying to keep it in the dark. While there don't appear to be any claims that AIG or the New York Fed acted illegally, the emails do bring to the fore the lack of transparency that permeats the system. "It appears the New York Fed deliberately pressured AIG to restrict and delay important information to the SEC," Rep. Issa said in a statement. "The lack of transparency is disturbing enough, but the outstanding question that remains is why the FRBNY didn't fight for a better deal for the American taxpayer."
The e-mails could spell more trouble for Geithner, who has drawn criticism from lawmakers over the last year for his perceived coziness with Wall Street. During much of the back and forth e-mails in November and December 2008, Geithner was still president of the New York Fed. But the Treasury Department and the New York Fed insist that he had nothing to do with the discussions, that he had recused himself of the matter in anticipation of his nomination by President Obama. "Secretary Geithner played no role in these decisions and indeed, by Nov. 24, he was recused from working on issues involving specific companies, including AIG," a Treasury spokesperson wrote in an e-mail to NEWSWEEK. The New York Fed followed shortly with a statement from its general counsel Thomas Baxter stating, "Matters of AIG securities law disclosure would not have been brought to the attention of the president of the Federal Reserve Bank of New York." Baxter has also been asked to attend the Oversight Committee hearing, scheduled for teh week of January 18.
Critics say that considering Geithner was at the time preparing to be appointed Treasury Secretary, a role in which he would undoubtedly have to deal with the swelling $182 billion AIG bailout, that it's unlikely he was completely in the dark. And that if he had disavowed himself of all knowledge of the situation with AIG, how well was he really doing his job?
con't
http://www.newsweek.com/id/229887
ZLC Emerald crossing, I believe.....
thanks, I took my bid off the table(frpt) when volume slowed. SUTR is just sick, I kinda wanted that one to reset but it keeps powering through, looks like today after the pop it consolidated, Monday could be interesting wonder if it is going back to 5 dollar land. I hate buying Fridays.
** I am just going to watch it...which means Monday it opens at 4.50 :-p**
HLCS that was a long hold but worth it
HLCS BOOM!!
I haven't played disk since april'ish....glad to see ya making some jack$. Hope you do well I haven't kept up with the chart or dd. AAND HAPPY FRICKEN NEW YAR!!
Buzz Aldrin told journalist he saw a UFO near the Moon
28 ratings
1.25
scroll below to rate
Michael Cohen m.cohen@allnewsweb.com
A Bolivian Journalist, Mr Eduardo Ascarrunz, has claimed that Buzz Aldrin, the second man to walk on moon, confided in him that a UFO followed the astronauts on the Apollo XI mission.
Aldrin allegedly told the journalist that 'The significance of July 20 1969 is not that man's feet touched the lunar surface but that on that day we realised that humans share the universe with other intelligent beings'. NASA is said to have gone to considerable efforts to cover up this UFO event.
Aldrin is said to have made the comments regarding his UFO experience on one of a number of trips he made to Bolivia. His interest in Bolivia stemmed from the fact that while in space he saw a flash of light that he believed came from the salt-beds of the Salar De Uyuni lithium mines: The largest lithium deposits in the world.
Aldrin is also believed to have had meetings with Andean tribal wise men regarding traditions of ancient extraterrestrial encounters during his trips to Bolivia.
EIA expects the annual average natural gas Henry Hub spot price for 2010 to be $4.62 per thousand cubic feet (Mcf). This represents a $0.67-per-Mcf increase from the estimated 2009 price of $3.95 per Mcf. Natural gas working inventories reached a new record-high level of 3.837 trillion cubic feet (Tcf) on November 27 as mild weather throughout much of the country contributed to uncommon storage builds for most of that month. Projected average household expenditures on natural gas total $778 this winter, compared with $889 last winter.
http://www.eia.doe.gov/emeu/steo/pub/contents.html
** that may be a new sell point, higher may be possible. But I will not be greedy. GLTA
great call
SWEET, are you going to wait for reversal or try to call bottom? Looks like 4.30ish is a great base, if it goes that low. I really like that one. What a trend. And thanks for your opinion on the others.