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Here's part of the fuel:
LONDON (Feb 15) Gold advanced in London on prospects interest-rate cuts in the U.S. will spur demand for the metal as an alternative to the dollar. Platinum rose to a record.
The U.S. currency erased gains for the year yesterday after Federal Reserve Chairman Ben S. Bernanke signaled the bank may reduce interest rates further. Assets in the StreetTracks Gold Trust, the biggest fund backed by gold, have dropped 3.4 percent from a record on Jan. 14, partly on speculation the dollar would rebound this year from earlier declines.
``Gold likes lower interest rates,'' said Jack Allen, head gold trader at Natixis Commodity Markets in London.
Gold for immediate delivery rose $4.20, or 0.5 percent, to $912.40 an ounce as of 9:49 a.m. in London. The record was $936.92 on Feb. 1. Prices have dropped 1.2 percent this week. New York gold futures gained $4.50 to $915.30 an ounce.
Platinum climbed to a record in London after Anglo Platinum Ltd. said it shut its Polokwane smelter in South Africa for repairs that may take four to six weeks. The company maintained its 2008 production forecast of 2.4 million ounces as metal can be processed through other plants that are operating below capacity, the company said.
Platinum rose $14 to $2,025 in London after touching a record $2,029. In Tokyo, the metal for December delivery rose 240 yen, or 3.7 percent, to close at a record 6,705 yen a gram ($1,926 an ounce) on the Tokyo Commodity Exchange.
Platinum Supplies
World platinum supplies may fall 400,000 ounces short of demand this year on South African mining disruptions, Standard Bank Group Ltd. said on Feb. 12. The wider deficit from 265,000 ounces last year will help to support prices at an average $1,900 this year, Standard Bank analysts including Johannesburg-based Walter de Wet wrote. That's up from $1,690 to date.
``The focus is obviously still on South Africa,'' Allen said, adding the gain may buoy gold as ``it's all related.''
Gold may climb to $1,000 by the end of March, said Robin Wilkin, London-based head of commodities and currency technical analysis at JPMorgan Chase & Co. ``It's hard to get overly bearish in gold because of the dollar.''
Platinum in the ``very near term'' may rise to $2,050 where it would meet ``channel resistance,'' Wilkin said. ``More important support runs from $1,980 to $1,935 and any pullback to there should be used as a buying opportunity.''
Titan,
Some don’t get it because they’re too thickheaded.
Some don’t get it because they don’t want to. They like to believe in the “dark forces of the market” which are there, but not in this case IMO. Just as often the “dark force” that causes a stock to tank is management’s decisions.
And some don’t get it because they have their own agenda.
You’ve laid out the argument quite well and the traders and speculators who generally make money in this arena already get it. They understood it long ago.
I wouldn’t waste more time with this one.
Hey Josie, you gonna draw them pistols or whistle Dixie? LOL
Cheers
DD
Wow! Just browsing and saw ERUC. I had to dump this on Monday when it broke below .003. Chart looked like it wouldn't hold the low of last Friday so I took the loss. Darn that Lois Lane!!!!
IMO this smells of extreme dilution.
Read your post Titan. It will be interesting (not surprising) to learn the true current O/S. I wouldn't hold my breath waiting for a verifiable number though. The only person management told was Jimmy Hoffa.
ERUC might be a play but it won't be as long as there are millions of shares churning with no bottom.
GLTA who are in this.
DD
Captskip - me too. Couldn't resist first round of buying today.
Saving some $$$ for possible spike down, but today's PR should spark some interest here IMO.
Here's your sign: Post 633
DD
Thanks. What do Lois Lane and ERUC management
have in common? Apparently neither one has the ability to
stop the presses. ;)
DD
Can you confirm current LII?
TIA
DD
Sidney, Rising in anticipation of CEO's presentation.
Avicena Group to Present at 10th Annual BIO CEO & Investor Conference
PR Newswire - February 07, 2008 2:26 PM ET
Avicena Group, Inc. (OTC Bulletin Board: AVGO), a late-stage biotechnology company that develops central nervous system therapeutics for neurodegenerative disorders, announced today that chairman and chief executive officer, Belinda Tsao Nivaggioli, Ph.D., will present an overview of the company's ongoing clinical development programs at the 10th Annual BIO CEO & Investor Conference to be held February 11-13, 2008 at the Waldorf Astoria Hotel in New York City. Dr. Tsao Nivaggioli will be presenting on Monday, February 11 at 12:30 p.m. (ET) in the East Foyer. For more information on this event please visit: http://ceo.bio.org/opencms/ceo/2008/about/index.jsp
To participate in a live audio webcast of Dr. Tsao Nivaggioli's presentation please log onto Avicena's corporate website at http://www.avicenagroup.com at least fifteen minutes prior to the start of the presentation to download any necessary materials. An archive of this event will be available in the investor relations section of the website for 90 days.
This ought to be a good event for AVGO to attract some attention.
Spoken like a true trader. GLTY
DD
Last of my buys at .003.Now I'm riding down or moving up.
All just part of the process. Risk and reward are brothers.
Cheers,
DD
Posts by joseywalestx:
“I have an aqaintance that works for the SEC His exact words to me were this Daytraders and shorts have ruined more startup companies than anything else out there.”
How about reminding your acquaintance that the SEC has failed to act for years to enact and enforce all manner of manipulative activities regarding OTC and pinks?
“I am talking about daytraders and MMs and the shorts that contnually bash this stock to keep it down.”
I just got here and I’m not bashing this stock. It doesn’t need help. I haven’t sold one share – yet. Although I am about done buying. For the record: I’m a speculator and investor, not a day trader or MM. Over the years, I’ve witnessed lots of MM games. That’s why I posted that I wouldn’t buy above .004. Charts and trading activity told me to be patient.
“They know that the R/S WAS A BIG MISTAKE”
Gee…Do you really think so?? I’ve researched hundreds of OTC’s, pinks and NAZ stocks. Very (and I mean VERY) few R splits do anything for the investors. I doubt that the management of this company had no idea what the future PPS would do post split. There are legions of co’s whose management is in the lucrative business of owning a shell for paid PRs and massive dilution which they ride down only to change the co name or R/S and do it again. That’s exactly why I don’t invest in OTC’s or pinks. With very (and I mean VERY) few exceptions they are speculative plays for me. NAZ and big board is where I go for investments.
“I didn’t create the problem…”
Neither did I. And I don’t want their problem to become mine. Not short either nor greedy. When and if this reaches my exit, I’m gone. If it doesn’t, a calculated risk.
“So you know...all the shares you geniuses are selling the company is buying and it hasn’t cost them hardly a thing...”
So you’re telling me there is a buyback program? Who are the geniuses that released the shares into the float in the first place? Unless there is rampant shorting going on here, it’s poor performance coupled with dilution that’s tanking this stock. Now, I would prefer that the co is buying up massive numbers of shares. That’ll move this to my exit price quicker. I bought ERUC for that purpose only – I didn’t marry it. NAZ and big board is where I go for investments.
“spoke with the company yesterday,,,They are considering going private..Let me put it to this way,,,It would work for them and they know it..”
“The company should wait for the bottom, and then announce another reverse split. That would cause a massive sellout of what is left..The company could at that point do a buyback of stock and take the whole thing private..Later when it is more profitable as it appears to be happening,,, do an IPO on a more controlled exchange wherew they will not have to content with the type of people that are here
If it were my call that is exactly what I would do,,, Dont talk to me about investors money ,,,, There are none here
Heck they the company are buying most of the shares now anyway”
So…the geniuses who run this co are releasing that kind of sensitive info to you? Since I’m now a shareholder, I’ll call Renee today and verify that they are going private.
BTW: The plan you just described is typical boiler room churning of shareholders $$$ by unscrupulous company management. Run that scenario by your SEC contact.
Here’s something very interesting. Note the paltry trades during the trading day. Then check out the trade of 765,000 shares at $0.001 fifty seconds after the closing bell. Typical pink scum. Glad I only threw a K at this at .002.
As this rises (even on light volume)
The buys in the .20s may be fruitful. Patent news last Nov and Phase IIIs first qtr 2008 plus derma products.
Let's have some positive follow-up news Avincena Group!
Sid,
Guess they heard us. ;)
Don't like the lack of volume but it would be great to have AVGO creep up and then have a great PR to start a buying spree at .50.
C'mon MMs
I'm not chasing. Bought at .0037 and I want shares at < .004.
As long as NITE and UBSS are on the bid at .28 and the ask at .40 this won't move. Got to be a game. I don't believe they are both that STUPID!!! Helloooo MMs? Tighten the B/A.
Janitor...
On a 50-200 basis:
OBV shows first uptick since fall from .02
Massive volume last week with Friday buying after steep decline to the cellar
MACD trying to round up and go positive
CMF is pathetic but on an upward move
A/D is bottomed (could drop further)
14 RSI is well below 30 with slight upturn
My thought was buying at .006 on a steep drop from .02. It could rebound for quick gains. Now, if there was a well timed PR the gain would be more than acceptable. Understandably, it's not acceptable for longs.
OT PoorNoMore
http://atom.smasher.org
Have fun & keep it clean!
DD
OK Filled at .002 with all I want.
Sign of the times:
As I'm sure you know, that depends on the strength of NNLX's patent language. If it does, it means barrier of entry to a valuable discovery and funding, JV, and other opportunities.
Fun to speculate. No???
DD
I want to thank whoever is responsible. I noticed three days back that the price drops late in the session. I'm over half loaded in the low and mid 7's. I'm waiting patiently to see if it retests 6. More buying there if it does. Can you say, "Multiple patents and hooked up with Welch's???"
Here's part of what switched on my share Hoovinator:
The Company has 31 granted Patents and 30 Patents Pending for bioreactor-based Hydrogen Production, revolutionary rapid medical testing technologies, potential treatments for sepsis and cancer (via apoptosis), and bioremediation.
"Microbes Turn Waste to Power" and "Welch's Grape Juice Converted into Electricity."
It's an election year. Sooner or later energy / hydrogen is going to be in the spotlight with politics. With good PR timing and multiple areas of R&D, NNLX should be set to launch.
Still waiting on updated AS and OS but prior numbers don't look unmanageable.
Cheers,
DD
Hoovered up some super cheapie shares the first of January and resisted the urge to sell on the first run up. Probably should have but was away from the desk the day of the drop. Snagged some more below a penny when the chart looked like it was going to hold the 6’s. If they start production with revs this will get very interesting.
Cheers,
DD
Ohhhh Yaaaa!!
Saw this sign when RVGD was in the 3's.
Well Jess,
Hope you were patient...heh heh heh!
Here's your entry point... heh heh heh!
FWIW: I've watched this POS off and on for a long time. Gut check and chart told me the .002 wouldn't hold. I wouldn't be surprised to see a 20 to 50 MM share trading say real soon.
IMO that's the most likely route to pocket money for these MGRA management "worms."
GLTY if you take a position.
DD
Looks like the bottom fishing may pay.
Pigs get fat and hogs get slaughtered so
if these MMs would be so kind as to give me
the 50%, I'll exit and watch.
GLTA
mich...
LOL !!!
1) based on past history
2) what appears to be a wholly contrived pump and
release of massive shares
3) pinks with mgt of this ilk in general
Let's study it for say, oh, two seconds.
Generally, the quickest way to $$$ is to shamelessly put out a PR "refocusing" the company direction while failing to report a share structure change until necessary in filings (or not). The game board changes, a new line forms, and there's new cash to burn.
WOW! I was just cruising for plays and
saw OGOH. Looked at the PR and then the dump.
Those who instigated it are pure dog $hit.
Too bad for the shareholders.
please stop deadeye ROFL so hard I can't breath!
Took first group of buys
at .26 in the last five days.
CEO's audio is about what I
would have expected but there
appears to be upside here.
AVGO won't move with the MM's
game of .20 x .52. That spread
will keep er parked right.
Need's a solid PR for a MM
wake up call.
Not ALL chartists MD 20/20 so lay off that stuff! LOL
Here's a post from one that that charted CEOA to a 20 bag:
Now if you had bought into
CEOA back in July with me you'd have the real deal.
We picked this up at .009 & .01.
Even great gains by those who bought in December. My post to money made:
By: itchygrass
28 Dec 2007, 02:04 PM EST
Msg. 38270 of 38272
Jump to msg. #
money made
check chart for CEOA golden cross coming in 2008
I generally observe cos like
VSUR from a galaxy far far away.
I'll spend alot of time looking for the real deal
before buying. Just sold 80% of my CEOA with the rest on
a GTC.
DD
Hhhhhmmmmmm.... Probably a good time
to RUN from this if you can IMHO
Go to Yahoo finance and click on the news for VSUR. At the bottom of the article "Vsurance, Inc., CEO Comments on Recent Stock Decline" dated December 20, 2007 5:38 am ET you will see:
About Vsurance
Vsurance provides pet health insurance and other pet health-related services. Programs include Get HIP(TM) Pet Health Insurance for Pets program, a comprehensive full-coverage pet health insurance plan. Vsurance provides pet and horse resource centers through the Internet including VetpetMD(TM); Spot the Pet(TM), and Purrfect Pet Club(TM.
Safe Harbor Statement
This release includes forward-looking statements which describe the Company's business strategy, outlook, objectives, or goals. This is an informational release and is on corporate awareness, and is not a solicitation for insurance coverage or benefits.
Contact:
Vsurance, Inc.
Andrew Barwicki, Investor Relations, 516-662-9461
andrew@barwicki.com
ir@vsurance.com
www.vsurance.com
Source: Vsurance, Inc.
I clicked the link for the IR and asked:
What are the current A/S and O/S of this stock?
Is the CEO saying that there has been no dilution and this is unauthorized short selling?
Who is financing?
IR's response 01/10/2008:
I am no longer representing the company.
Have a Profitable Day!
Andrew J. Barwicki
Investor Relations
Tel: 516-662-9461
www.barwicki.com
It cost me a full cent to confirm that this was going to continue the rise from .04. Still riding although the train for me will probably make the station tomorrow. Trigger finger itches. It may go much higher still but... bird in hand.
Cheers
DD
Out at .04 today. Would have sold on the spike but had to wait on the new year and probably wouldn't have filled anyway. I may regret it, but it looks like it needs to retrace and stabilize.
In the mean time I'll calculate the re-entry (if it looks interesting again.)
Cheers,
DD
Now... What would start the new year right is a meaty PR that speaks to this breakout - like the ties to IBM and/or revenues from year end shopping card traffic. If you chart, look at the golden cross thats coming.
Happy New Year
DD
Looks like I'm not the only one balancing for tax loss today.
Will wait well into 08 before considering any buys of SGCP unless things change with this one.
CEOA been a while coming round
50-200 set for a AU cross in 2008
You should still have them.
DD