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I hate to say it, but that is what I would do if I were management. If this is an honest company and I beleive it is, I would be so fed up with all this BS that I would take the company private and come back to market in a few years.
Thank you but I have not sold any of my shares so I am not eligible to participate in their law suit according to their website.
I have never posted on this board before because I have felt that I had nothing to add to all the wonderful and informative posters here. However, I received in the mail today a request from Robbins Geller Rudman to participate in a law suit alleging CCME failed to disclose material adverse facts about the Company’s true financial condition, business and prospects. This has so irritated me that I wanted to vent just once.
I keep reading that CCME has had responded to all the attacks. This just does not seem correct to me. The letter submitted my management in February stating that is audit was progressing on time and that management stood by its business was extremely important. The company’s willingness to have Global Hunter examine its business and verify its bank balances and customers is extremely important. Anyone with any statistical background knows that 100% accuracy in a 50% sample is sufficient to prove a case. Given the law suit mailing I received today, it seems certain to me that CCME’s lawyers have instructed management to wait until the audit and earnings are release to say anything more. It is so obvious to me that this company will prove to be honest and a buy of a lifetime. This law suit is despicable. I wish I could take the other side of it. Thank you all for letting me vent. Dan
Hi KIK
Just a quick defense of Wade. John Templeton made a good portion of his fortune investing in Japan at a time when most experts were saying that they would never touch Japan. I have several good friens who are also very good investors who say the same thing about China. Of course Sir John was investing directly in Japanese companies in Japan while many of the companies discussed here are US listed companies. Anyway I believe there will be a time when the general investing public will regret not being more courageous with regards to China. Only my comments and as you know I am often wrong. Good luck all.
Anyone watching the interesting action in HEAT today. Also does anyone have an earnings date for HEAT. The earnings have been growing nicely the last four quarters. Thanks.
Powerball SGAS, thanks. Dan
2010 10500, 105, 1050 Although I think the first of the year will be bullish, 0 years are usually bad for the market. Look forward to finding out. Good luck all. DanLC
Interesting (to me) observation. Everyday this week CSKI has dropped after the open only to close slightly higher. Closed yesterday @ 18.04, has traded as low as $17.39 today and is currently $17.85. I am long and am not day trading it, but it would have be a no brainer trade each day this week.
May I play this game.
CNDH
CPBY
CREG
CSGH
CSKI
CTFO
LLFH
NFEC
SGZH
XODG
These stocks have increasing or level sequential quarterly EPS gains, most recent quarter greater or equal than same quarter last year, net profit margin greater than 15% and return on equity greater than 15%. This list assumes nexts year's gains will be harder to come by than this year. Cheers
Surprised that there has been no mention of the fantastic earnings from CTFO with all this mention of BSPM.
Just a thought from a former actuary. Mature property and casualty companies are more investment companies rather than sales companies and are valued more by investment return rather than production profits. Historically, sales are seen as a way to gather funds for investment and even some loss from claims are tolerated if investment returns are good. It seems to me that this is more and more what is having with UVE.
Just one opinion.
By the way, I continue to maintain a large position by my standards although I do trade a little based on the calendar.
Intraday reversal in CAGC (I think)
I just heard on Fast Money that Gold made a new high early this morning in over night trading before reversing today and losing 2 dollars. I lost money on the XLE and ERX today. I know this is not the proper forum for this but I hold you all in such high esteem that I was wondering if any of you have a source for such information. I would really appreciate it. Thanks, Dan
DOW 1150
OIL 72
GOLD 900
So shoot me, I am always a long term bull. Dan
That's exactly how I have felt for the last two contests. Bring on 11!
Oops. Thanks
So I am curious. UVE merges with FMGQ and I read that it will trade as FMGQ. FMGQ is trading for 4.35 bid 4.7 asked. I just bought 1000 UVE for 3.33. Should I expect FMGQ to trade down to 3.33 or trade up to 4.35? Interesting arbitrage.
Oil $126, Gold $900, Dow 13,500
Hold on, I'm gaining on you.
No kidding.
I hate to ask this given my performance, but have you reflected PBR's 2 for 1 split? Thanks, Dan
UVE
I am the last person to ask. Look at the chart. I must be the world's biggest idiot, but I keep adding. It is still fun having as many shares as I have hold as a long term gain. If nothing else there is the dividend. My biggest concerns are the the options management is granting itself and the costs associated with expansion. I believe the market is concerned about real estate and financials in general. Maybe the world is coming to an end. If so, I am going with it. Last year was the best ever for me, I have had worst quarters than the first quarter this year. Small comfort. Hope things are better with you. For sure PSL8 is aweful for me. I still can't believe how great this site is.
PS Take a look at NOA.
Scottrade is driving me crazy with its restricted list. I tried to buy CNOA when I believe you mentioned it around 1.2. Could not buy it and hence could not sell it at 2. What a crock?
Hey I was really smart, I sold PBEGF at $24.50 and it temporarily dropped back to around to $23 making me a genius. Really thanks for all the recommendations. Now would you just trade my account for me.
I never participate in this challenge because my stock picking is mostly based on evaluating all you guy’s posts, looking at the charts and choosing five stocks I like. I say five because I love UVE and will always pick it until I change my opinion on it.
AEY – At the time I picked it, I thought it would hold its 200 MDA and was grossly undervalued. Oops.
FHN – I bank here. I think they will lower their dividend, but I thought it was a $24 stock trading at $16. Oops.
PBR – This is a large cap stock which had had a huge run up so why select it? Well if true their deep water find is big enough to change the balance of power in the world and could result in a many bagger. I thought it would at least hold up in a poor market. Oops.
SGZH – Discussed enough already. I have a traded to a zero basis in this one and I thought that it would bounce nicely after the reverse split. Oops.
UVE – Never get married to a stock. Well I am and will continue to be. Has worked well for me financially and during prior contests. Oops what a fall.
WEL – I like to use MSN Money’s stock screener. WEL fit the criteria I entered, is oil service and looked under valued. Time will tell.
Needless to say my picks suck so far. I will use my trades when available and I have a clue what to use them on. Anyone say reverse ETF’s. Dan
I continue to be a supporter. What is there to say. Maybe the market is predicting earnings will dissappear. Maybe the dividend will be cancelled. Maybe markets correct. Maybe PE's don't matter. Maybe yields don't matter. I do know that I have wished to own 100K of this stock and I am continuing to buy. If it gets to 4.4, I will have my wish. Be careful what you wish for, you might get it. Who knows.
Covered my FXI puts. Buying ASUR.
What a wuz, I am out of PZE.
Even though I am mostly short the FXI and long UVE (ugh on both counts) I bought some PZE today. Any opinions? Thanks.
Merry Christmas. May 2008 be the best year each and everyone of you have ever had. I could never thank all of you properly for all you have done for me and my family, but thank you never the less.
I guess it wouldn't work for me to put in a bid for 1 share of GTEC @ 1.00. Durn the rules.
I never post here because I ask myself why would anyone care what I think. It is true that I am up over 100% this year, but it primarily because of UVE, trading you guys’ Chinese stocks on the upside and FXI puts on the down side. However, it is the day after Thanksgiving and I am bored so I am going to make some predictions.
First I believe we are one big reversal day away from the greatest buying opportunity since UVIH @ .12 or was it .04 or was it .57 who knows.
I live in a world with very wealthy people. They do not represent the average American, but they do represent the people who have driven this economy for the last four or five years. They are my friends, but I am no where near their affluence levels. Anyway, they own their own homes. They have been sure that their children have not taken out subprime loans. They are doctors, insurance agents, textile brokers (can you believe it?), bankers, inheritors, etc. These people continue to experience incredible incomes for many reasons, but none greater than Bush’s tax cuts. This is not a political post just a fact. They are going to spend freely at Christmas. For the most part they do not currently care about the value of the dollar except when they travel. Is any of this fair when compared to Rogue’s and other’s posts? Of course not, but I am here to make money and whether or not my observations will affect your performance is up to you to decide.
Anyway I believe the market will work higher and perhaps a lot higher until the wealthy in this country begin to anticipate a real hit to their pocket books. When will this be? I believe it will be just prior to or just after the next election. It looks to me and others I trust, that whoever is elected will change tax policy. The upper marginal tax rate will be increased. The tax on dividends and capital gains may be increased. This will have an immense impact on the psychology of the wealthy.
My plan is to be 100% invested until next August. Today I bought a lot of FXI puts at the close in anticipation of the FXI going to 150 before the Fed moves next. If I make any profit on this idea it will go back into what was working before this correction. China, domestic micro caps, oil service (wow FTK). Probably will not buy anymore UVE as I own 70K now. Late next summer and early fall I intend to sell everything and use 25% of my net worth to short the biggest winners.
What was any of this worth? It gave me something to do before going jogging. Good luck and great trading everyone. Oh, and thank you all for all you have done for me and my family. Finally, if I am wrong, I am going to have to go back to work. Ouch. Dan
$86.00
$.50. My only concern is expansion beyond their level of expertise. If UVE begins to spend aggressively on life insurance or marketing in other states then all bets are off.
Anyone can request a copy of the annual return UVE files with the state of Florida. Insurance companies are largely regulated by the states. These returns are detailed beyond belief by non actuaries. I believe you will find that UVE discloses more about its business than any other stock followed on this site.
Hi guys, I thought I had requested two trades earlier in the week. Did they not qualify? Thanks for your response.
Just my opinion, but I hope at least one hurricane does reach Florida. UVE needs some claims to justify future rate increases and the company is more than protected with its reinsurance treaty and balance sheet. I repeat that UVE is primarily a marketing company as it has laid off its important risk through reinsurance.
I have kept 1/2 for now. As soon as it breaks, shorting will probably be a great idea. In the meantime, hate to miss what if any is left.
Bought some cpsl this morning for a trade. It is .71 cents. Does anyone know what is going on? I think I will take the profit. Thanks
If anyone sold today, would you give your reasons? Personally, I think we will have another drop before the next big push, but I am holding for long term gains. Anyway, just curious.