A LEAN MEAN FIGHTING MACHINE!!
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Sometimes they are partials to fill an order. One of my brokers only lets me max out at 999,999 per buy. Or it could be what you said.
imo
where did ARCA move too? Just curious. TIA
Almost all the Corn is GMO and almost everything in the store has HFCS (high fructose corn syrup) I watched King Corn and Food Inc. I have to make almost all my food now. Poor Farmers are getting stuck by Monsanto.
Great vid there by the way.
Hope all is well with you. http://www.usdebtclock.org/
Scary numbers.
Someone's buying. I bought. Roll of the dice, be it a bounce or accumulation.
completely agree!! e/m
BMO Capital Upgrades Chicago Bridge & Iron (CBI) to Outperform
March 16, 2010 8:15 AM EDT
BMO Capital upgrades Chicago Bridge & Iron (NYSE: CBI) from Market Perform to Outperform. Price target raised from $22 to $30.
Chicago Bridge & Iron N.V. (CB&I) is an engineering, procurement and construction (EPC) company and process technology licensors, delivering solutions to customers in the energy and natural resource industries.
selling today, horrible news. that's a "q" for ya. Going to cut my starting in half.
agreed. e/m
I agree with you that there is too much green, but my experience with judges says anything can happen. It seems so cut and dry but put in a judge with some type of bias and BOOM, common sense is turned upside down. I am in and watching, hoping for favorable news soon.
once you go through resistance it becomes support. If that was your question.
Yes .95 support held on lower volume. Nice. We had around 10 million in volume in the .90's yesterday. If it fails I think next support was around .80/.78.
also playing EIGH e/m
EIGH I am feeling a good day coming on.
Suppliers, Wall Street bank on auto recovery (doesn't mention VSTNQ but auto supplier related)
Thursday, March 11, 2010 12:14 PM
http://www.istockanalyst.com/article/viewiStockNews/articleid/3939009
(Source: Detroit Free Press)By Jewel Gopwani, Detroit Free Press
Mar. 11--Auto suppliers that cut their costs during the industry's downturn in 2009 are banking on success as auto sales tick up during the next few years.
Wall Street is making that bet, too.
Shares of several auto suppliers, some of which have soared since hitting all-time lows in 2009 -- continue to climb in 2010.
Suppliers have continued to "rally when traditionally the speed would slow down," said David Sowerby, portfolio manager at Loomis Sayles in Bloomfield Hills.
For the year, shares of American Axle & Manufacturing are up 24%, shares of Tenneco are up 22% and shares of Gentex are up 15%.
"The troubles of last year are behind us. Automotive volumes going forward will increase and should stabilize," said Chris Price, a managing director at O'Keefe & Associates' investment banking division. "Volume is the rising tide that will lift all boats."
Two local suppliers are tapping investor interest in the automotive sector and have made public stock offerings.
Cerberus Capital Management is planning a $100-million initial public offering for Livonia-based Tower Automotive.
The Blackstone Group, a private equity firm and the largest shareholder of TRW Automotive, also in Livonia, offered 11 million of its shares in the publicly traded supplier last week.
"People will be watching very carefully to see how these go," Price said.
Even though the market has been friendlier to many suppliers, Tower may be challenged to find investors.
"It's more of a difficult IPO because of its history," Price said.
Challenges at Tower
Livonia-based Tower earned a profit of $18.2 million in 2007, but posted losses in 2008 and 2009 -- as auto sales plummeted.
Tower, which has 900 employees in Michigan, had to cut costs further, wringing $195 million from its cost structure during the last two years.
Making its case to investors, Tower said in a securities filing last week that it made major strides in winning new business and spreading its revenue globally. The company's largest customer now is Volkswagen, with 17% of Tower's sales. Ford, which was once Tower's largest customer at 28% of sales when Tower emerged from bankruptcy, now accounts for 13% of Tower's sales -- the same as Fiat.
The automaker sees new opportunities in other industries. The company plans to spend $35 million to build a plant in Arizona to make parts for the solar energy industry.
While Tower's past performance is challenged, investors are more concerned about the future, said Jim Gillette, director of financial services at CSM Worldwide.
"The past does not matter nearly as much as the future," said Gillette, who expects to see more suppliers make public offerings during the next year. "What Tower is saying is that they have repositioned themselves."
Contact JEWEL GOPWANI: 313-223-4550 or jgopwani@freepress.com
One step at time for me without news. With News let it fly.
BEAUTIFUL, now can we make 1.07/1.09 our new support.
I missed the afternoon, looks like it was great!!
Thanks Mel I joined.
Hopefully we can hold that .95 support, and get some consolidation here.
Nice call. This is getting interesting.
EIGH is making a nice rebound after that dip before close.
Looks like it.
very nice. e/m
thanks, i am not in.
I smacked it for ya, Count me in. 2 million volume at .12 to .13 most from .124 to .1299 equals pressure to me. I found this through Monks board. GLTA and I like your system.
Thanks and back at ya. e/m
Your a good person Monk. e/m
Zane going back to $8 ? I looked at their 10k and the numbers they are releasing are at the level when they were 8ish back in '08 and '09.
If that news comes this will make moves like AXL and DTG. It would go back to the 2008 price range rapidly. And with the cost cuts that have been made maybe even higher. imo
VSTNQ bought 10k shares. .93
I completely agree, and it is all coming to a head soon. This has great potential. If it breaks that .94 resistance I may add to my holdings.
Panel Raises Concerns Over ‘Government Guarantee’ for Citigroup
By ERIC DASH
Published: March 4, 2010
http://www.nytimes.com/2010/03/05/business/05tarp.html
Members of a government committee overseeing the bank bailout program raised concerns Thursday about whether the repeated bailouts of Citigroup allowed it to enjoy special advantages by implying that the bank was too big to fail.
In their opening statements, several members of the Congressional Oversight Panel questioned whether the substantial support that Citigroup received at the height of the financial crisis could pose future risks on the financial system and the bank itself.
“I remain concerned that Citigroup remains vulnerable,” Damon A. Silvers, an assistant legal counsel to the AFL-CIO and a member of the committee, said in his opening statement.
Elizabeth Warren, a head of the Congressional Oversight Panel who has strongly advocated the breakup of too-big-to-fail banks, expressed concern in her opening statements that Citigroup received an undeservedly favorable credit rating that might encourage it to take undue risks. She also noted that the bank had a history of being bailed out.
“The sheer magnitude of Citigroup’s operations, and the company’s history of receiving extra government support has led this panel to this conclusion,” Ms. Warren said. “Citigroup enjoys an implicit government guarantee.”
Other members expressed concern that Citigroup had become a ward of the federal government, which owns 27 percent of the bank.
“My concern is that Citigroup is currying favor with its largest shareholder over its other shareholders,” Paul Atkins, a former Securities and Exchange commissioner, said, citing the example of Citigroup employees offering customers copies of one of President Obama’s books.
The panelists’ comments came before testimony by Vikram S. Pandit, Citigroup’s chief executive, who told the oversight panel that the bank owed a “large debt of gratitude” to American taxpayers for stabilizing it with more than $45 billion in aid from the Troubled Asset Relief Program, or TARP.
“This investment built a bridge over the crisis to a sound footing on the other side, and it came from the American people,” Mr. Pandit says. “Citi owes a large debt of gratitude to American taxpayers.”
The oversight panel, led by Ms. Warren, a Harvard Law School professor, has held more than a dozen hearings since it was formed to monitor the use of the federal bailout funds in late 2008. But the committee, split largely along partisan lines, has also delved into a broad range of issues, from mortgage modification woes to government guarantees of bank debt.
Despite their political differences, Ms. Warren and the other four panelists appear have had a strong desire to examine problems that arise when institutions are deemed too big to fail. At a hearing last month, they turned the spotlight on GMAC, the troubled car and housing lender which received three helpings of government capital. Taxpayers’ $17.2 billion investment now gives the government a majority ownership stake in that company.
Thursday’s hearing was expected to provide members of the panel a chance to press their case for financial reform. In particular, Ms. Warren has been perhaps the leading proponent of a standalone consumer financial protection agency.
Senate Banking Committee members are still hammering out the final details of a financial regulatory reform bill, and it unclear what form, if any, the consumer protection agency will take. Senator Christopher J. Dodd of Connecticut, the Democratic chairman, recently expressed support for placing the agency within the Federal Reserve. Other Democrats have advocated that it be in the Treasury Department, while some Republicans believe the agency should be dropped from the reform package altogether.
Most of the hearing’s focus, however, is expected to be on Citigroup, which perhaps reflects its distinction as the deepest and most troubled of the American banks.
Only in December did the bank begin the delicate process of untangling itself from the government. It repaid $20 billion of the $45 billion of bailout funds and shed a federal insurance policy that at its peak covered losses on some $301 billion of illiquid loans and securities. Taxpayers, however, still own 27 percent of Citigroup.
In his testimony, Mr. Pandit weighed in on the current policy debate with a series of sound bites that may be more remarkable for what is left unsaid.
For example, Mr. Pandit, stressed “banks should operate as banks, focused completely on serving their clients” but he stopped short of formally endorsing the Volcker Rule, which strictly bars banks from proprietary trading or sponsoring private equity units or hedge funds. He also advocates strengthening consumer protection at the federal regulatory level, but stopped well short of endorsing a new agency.
Mr. Pandit said that Citigroup was in a “much healthier position” and reiterates the progress he has made on his turnaround plans.
Under pressure from regulators, Mr. Pandit has raised billions of dollars of fresh capital, overhauled the bank’s risk management practices and board, and reduced its balance sheet by more than $500 billion by selling off assets and businesses. He expects Citigroup to “perform as well as possible” through the downturn but gave no indication of when the bank will return to profitability.
“We are confident in the business strategy,” Mr. Pandit concluded in his prepared remarks. “Everything we have been doing is to ensure that Citi never again needs the assistance of the American taxpayer.”
Seems like some good consolidation here, I was expecting a pull back to low .70's but that .78/.80 support seems stronger than I thought.
last close of business,short info.
http://www.shortsqueeze.com/?symbol=vstnq&submit=Short+Quote%99
Visteon Cp
$
VSTNQ
Short Interest (Shares Short)
251,700
Days To Cover (Short Interest Ratio)
0.6
Short Percent of Float
0.19 %
Short Interest - Prior
173,900
Short % Increase / Decrease
44.74 %
Short Squeeze Ranking™
1
% From 52-Wk High ($ 0.95 )
%
% From 52-Wk Low ($ 0.01 )
%
% From 200-Day MA ($ 0.12 )
%
% From 50-Day MA ($ 0.09 )
%
Price % Change (52-Week)
488.90 %
Shares Float
129,847,737
Total Shares Outstanding
130,378,272
% Owned by Insiders
0.60 %
% Owned by Institutions
84.70 %
Market Cap.
$ 84,093,985
Trading Volume - Today
21,348,900
Trading Volume - Average
460,800
Trading Volume - Today vs. Average
4633.01 %
Earnings Per Share
-5.12
PE Ratio
Record Date
2010-FebB
Sector
Industry
Exchange
NBB
Sold PCX, fell below the 200dma and cant break through the 50
500 PCX PATRIOT COAL CORP Details $19.32000 =$9,650.92
original purchase was 8,473
Up 1177.
next, watch for pull back on vstnq to the 50 day around .70ish
Hi ken, hope all is well. That is an amazing seasonal outlook. I took a break for a while. I see you improved the web site also.