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TGC......POP up...POP down!!!
did not know that "The Treasury only has about $75 billion in foreign currency reserves with which to intervene. The war chest is just a spit in the ocean. To put this number in perspective, Poland has $77 billion, Turkey has $78 billion, and Libya has $79 billion. On the other end of the spectrum, China has $1.7 trillion (not counting Honk Kong’s 150 billion) Japan has $1 trillion, Russia has $550 billion, India and Taiwan each have about $300 billion. Singapore, a nation with fewer than 5 million people, has $175 billion. In fact, the United States holds just about 1% of the world’s $7.6 trillion of foreign currency reserves, and our total position amounts to just 2.5% of the total daily volume of foreign exchange trading. Talk about Bambi vs. Godzilla! In other words, if the dollar is going to fall, the Treasury is completely powerless to do anything to stop it."
Barclays warns of a financial storm as Federal Reserve's credibility crumbles
Daily Telegraph reports Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero". "We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth." Barclays Capital said in its closely-watched Global Outlook that US headline inflation would hit 5.5% by August and the Fed will have to raise interest rates six times by the end of next year to prevent a wage-spiral. If it hesitates, the bond mkts will take matters into their own hands. "This is the first test for central banks in 30 years and they have fluffed it. They have zero credibility, and the Fed is negative if that's possible. It has lost all credibility," said Mr Bond.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/27/cnbarclays127.xml
ARNA $ 5.68 +0.55 (+10.72%) 1,405,666 ARENA PHARMACEUTICALS INC COM ARNA: NASDAQ Healthcare : Biotechnology & Drugs
Lorcaserin hydrochloride, our most advanced drug candidate, is a promising investigative oral treatment for obesity. In September 2006, we initiated a Phase 3 clinical trial program to evaluate the safety and efficacy of lorcaserin for the treatment of obesity
http://www.arenapharm.com/wt/page/lho.html
drug pipeline
http://www.arenapharm.com/wt/page/prod_pipeline.html
Cramer: The Way Ahead Is Down "Sell everything. Nothing's working. Revisit when the prices are adjusted for a big recession, soaring inflation and a crushed consumer. Sell at 12,000 and come back at 10,000. Even better: short it."
http://www.thestreet.com/story/10423457/1/cramer-sell-everything.html?puc=btlhome
"Sell everything. Nothing's working. Revisit when the prices are adjusted for a big recession, soaring inflation and a crushed consumer. Sell at 12,000 and come back at 10,000. Even better: short it." - Jim Cramer
i agree with 'Nothing's working'
Dow heading below 11,000
i think so...
lol @ "This is a market you have to trade. It's not a market where you can buy and hold." said Laszlo Birinyi, president of Birinyi Associates Inc
and how does one trade this market for more then an hour?
DOW SUPPORT if any?
support broken at 11,800, now 11,000?
GPS trackers should be hidden and placed on expensive arms and parts that are on the move
" While many regional banks are trading far below their book values — at $4.83 on Wednesday, National City fetched just a fifth of its book value per share — many people are simply afraid to buy."
dont know if its the right time to buy bank stocks for an IRA, as the accounting at the major firms has become so dubious, no one really knows the real losses, the books are 'cooked'
DHL may limit their USA services if gas stays this high, how can they compete with UPS, FEDEX and USPS
Gas is so high , that it costs over $100 to fill up an SUV, taking only cash will be a loss to the station
NYNY did well, rising from a selloff
BSRC, the float was too large to produce a move
IDEV has had lots of buying ever since the fall from $4, it may rise to above $2.50
PEIX..i think it may rebound for 10mins or so
Heavy losses, high corn prices, higher fuel cost, costs more to produce a gallon of ethanol then what it sells for
gates sold his shares BUT ......im rooting for a 10mins rebound :D
ZAAP...great news....but the press release has no details on the price paid by the investor, nonetheless its good news indicating interest
ASIA down , Europe UP, whats going to happen to the DOW today
mmmmmmm
OEDV up 8% $0.51 volume 801K
Man Arraigned for Setting Up 58,000 Brokerage Accounts
Comic book and cartoon characters got their own portfolios
MAY 30, 2008 | The FBI and the Secret Service Wednesday arraigned a 22-year-old man on charges that he opened more than 58,000 fraudulent accounts on E*Trade, Charles Schwab, and other online brokerage services.
According to the Department of Justice, Michael Largent collected some $50,000 by stealing the "micro-deposits" that are used to verify information in new brokerage accounts.
Larget opened the accounts using false names, addresses, driver's license numbers, and Social Security numbers -- "including the names of known cartoon and comic book characters," the DOJ said. When the deposits took place, Largent transferred the tiny sums into his own bank accounts and onto pre-paid debit cards.
Largent faces a maximum of 25 years in prison for mail fraud, wire fraud, and computer fraud.
http://www.darkreading.com/document.asp?doc_id=155205&f_src=drweekly
=======================
58,000 Brokerage Accounts???????????
we all try to game the markets, small time traders like us have no clout in backing up the trades with more buys or shorts
SSCC $6.87 UP 5.52 %
CFC will get 0.1822 shares of BAC
which comes to $6.17, CFC is at $5.52
FRPT Delisting
Force Protection Gets Determination Letter From Nasdaq 5/27/08
DOW JONES NEWSWIRES
Force Protection Inc. (FRPT) said its stock is subject to delisting from the Nasdaq Capital Market after the company failed to file its for 10-Q for the quarter ended March 31.
The Ladson, S.C., survivability equipment manufacturer said Nasdaq had issued a previous staff determination concerning Force Protection's listing after the company failed to file its 10-K for the fiscal year ended Dec. 31.
Force Protection said the most recent determination letter, concerning the 10-Q form, serves as an additional basis for delisting the company's stock.
Force Protection is currently waiting for the decision from the Nasdaq Listing Qualifications Panel on an extension to comply with Nasdaq listing rules.
XRIT... once it crossses $2, it shall fly
it needs big volume trades, probably after 2pm?
XRIT $1.88 UP 13% VOL 447,884
52 - Week Range $1.10 - 16.42
http://www.xrite.com/
X-Rite 'Well-Equipped' To Meet Near-Term Fincl Obligations 12:54 PM ET 5/27/08
DOW JONES NEWSWIRES
X-Rite Inc. (XRIT) increased its cash and cash equivalents to $25 million from $18 million over the first quarter and said it will be able to pay about $9 million in interest payments coming due through the end of June.
The Grand Rapids, Mich., color application product and software company said it remains in talks with first and second lien lenders.
NOEC earnings date? does anyone know?
NEW ORIENTAL ENERGY & CHEM CRP COM NOEC: NASDAQ
TNRO $2.60 +6% 154K Terra Nostra China Steel+Copper Play
was upto $5 in NOV 2007, have a look at the 1 year chart
Shares Outstanding: 60.80M
52 - Week Range $0.71 - 5.90
Terra Nostra Resources Corp., http://www.tnr-corp.com/ through its subsidiaries, operates in the stainless steel and copper industries in the People's Republic of china. It offers billets and strips of steel used in the applications of automotive, aerospace, and power generation industries, as well as in the manufacture of food handling, health and medical, chemical processing, and pollution control equipment. The company also provides electrolytic copper and non-oxygen copper rods used in cyclical industries, such as construction and industrial machinery manufacturing. Terra Nostra Resources Corp. is based in Pasadena, California
======================
Terra Nostra Announces Third Quarter Financial Results
Tuesday April 22,[/] 8:08 am ET
Revenues More Than Double to $108.8 Million
Revenues for the third fiscal quarter ended February 29, 2008 were $108.8 million, compared to $41.3 million for the three month period ended February 28, 2007. Gross profit reached $11.4 million in the quarter ended February 29, 2008 compared to a loss of $1.3 million in the third quarter ended February 28, 2007.Blended gross profit margin in the quarter was 10.4%, reflecting strong management of raw materials sourcing in both of the copper and stainless steel operations, higher copper pricing, and the addition of higher grade stainless steel.
On a weighted average share basis, net income in the third quarter was $0.61 per share compared to a net loss of $0.08 per share in last year’s third quarter. On a fully diluted per share basis, net income in the third quarter was $0.45 per share compared to a net loss of $0.08 per share in last year’s third quarter.
“Third quarter’s performance reflects the aggressive ramp in our stainless steel business, with production increasing to 22,260 MT from 1,495 MT last year,” said Don Nicholson, president and acting CFO of Terra Nostra.
TNRO $2.45 +12% 265K Terra Nostra-China Steel+Copper Play
was upto $5 in NOV 2007, have a look at the 1 year chart
Shares Outstanding: 60.80M
52 - Week Range $0.71 - 5.90
Terra Nostra Resources Corp., http://www.tnr-corp.com/ through its subsidiaries, operates in the stainless steel and copper industries in the People's Republic of china. It offers billets and strips of steel used in the applications of automotive, aerospace, and power generation industries, as well as in the manufacture of food handling, health and medical, chemical processing, and pollution control equipment. The company also provides electrolytic copper and non-oxygen copper rods used in cyclical industries, such as construction and industrial machinery manufacturing. Terra Nostra Resources Corp. is based in Pasadena, California
======================
Terra Nostra Announces Third Quarter Financial Results
Tuesday April 22,[/] 8:08 am ET
Revenues More Than Double to $108.8 Million
Revenues for the third fiscal quarter ended February 29, 2008 were $108.8 million, compared to $41.3 million for the three month period ended February 28, 2007. Gross profit reached $11.4 million in the quarter ended February 29, 2008 compared to a loss of $1.3 million in the third quarter ended February 28, 2007.Blended gross profit margin in the quarter was 10.4%, reflecting strong management of raw materials sourcing in both of the copper and stainless steel operations, higher copper pricing, and the addition of higher grade stainless steel.
On a weighted average share basis, net income in the third quarter was $0.61 per share compared to a net loss of $0.08 per share in last year’s third quarter. On a fully diluted per share basis, net income in the third quarter was $0.45 per share compared to a net loss of $0.08 per share in last year’s third quarter.
“Third quarter’s performance reflects the aggressive ramp in our stainless steel business, with production increasing to 22,260 MT from 1,495 MT last year,” said Don Nicholson, president and acting CFO of Terra Nostra.
SPAB $0.75 +44% Vol 441,419 SPACEHAB
NASDAQ
Past 2 days, daily Volume was over 400K
Shares Outstanding 13.9 M
52 - Week Range $0.37 - 8.40
SPACEHAB, Incorporated provides commercial space products and services to NASA, international space agencies, Department of Defense, and private customers worldwide. It develops and operates space flight hardware assets, and provides manned and unmanned payload processing services. The company operates in three segments: SPACEHAB Flight Services, Astrotech Space Operations, and SPACEHAB Government Services
TNRO $2.39 +10% 183K China Steel+Copper Play-Terra Nostra
was upto $5 in NOV 2007, look at the 1 year chart
Shares Outstanding: 60.80M
52 - Week Range $0.71 - 5.90
Terra Nostra Resources Corp., http://www.tnr-corp.com/ through its subsidiaries, operates in the stainless steel and copper industries in the People's Republic of china. It offers billets and strips of steel used in the applications of automotive, aerospace, and power generation industries, as well as in the manufacture of food handling, health and medical, chemical processing, and pollution control equipment. The company also provides electrolytic copper and non-oxygen copper rods used in cyclical industries, such as construction and industrial machinery manufacturing. Terra Nostra Resources Corp. is based in Pasadena, California
======================
Terra Nostra Announces Third Quarter Financial Results
Tuesday April 22,[/] 8:08 am ET
Revenues More Than Double to $108.8 Million
Revenues for the third fiscal quarter ended February 29, 2008 were $108.8 million, compared to $41.3 million for the three month period ended February 28, 2007. Gross profit reached $11.4 million in the quarter ended February 29, 2008 compared to a loss of $1.3 million in the third quarter ended February 28, 2007.Blended gross profit margin in the quarter was 10.4%, reflecting strong management of raw materials sourcing in both of the copper and stainless steel operations, higher copper pricing, and the addition of higher grade stainless steel.
On a weighted average share basis, net income in the third quarter was $0.61 per share compared to a net loss of $0.08 per share in last year’s third quarter. On a fully diluted per share basis, net income in the third quarter was $0.45 per share compared to a net loss of $0.08 per share in last year’s third quarter.
“Third quarter’s performance reflects the aggressive ramp in our stainless steel business, with production increasing to 22,260 MT from 1,495 MT last year,” said Don Nicholson, president and acting CFO of Terra Nostra.
TNRO $2.31 +6% 108K China Steel+Copper play-Terra Nostra
was upto $5 in NOV 2007, look at the 1 year chart
Shares Outstanding: 60.80M
52 - Week Range $0.71 - 5.90
Terra Nostra Resources Corp., http://www.tnr-corp.com/ through its subsidiaries, operates in the stainless steel and copper industries in the People's Republic of china. It offers billets and strips of steel used in the applications of automotive, aerospace, and power generation industries, as well as in the manufacture of food handling, health and medical, chemical processing, and pollution control equipment. The company also provides electrolytic copper and non-oxygen copper rods used in cyclical industries, such as construction and industrial machinery manufacturing. Terra Nostra Resources Corp. is based in Pasadena, California
======================
Terra Nostra Announces Third Quarter Financial Results
Tuesday April 22,[/] 8:08 am ET
Revenues More Than Double to $108.8 Million
Revenues for the third fiscal quarter ended February 29, 2008 were $108.8 million, compared to $41.3 million for the three month period ended February 28, 2007. Gross profit reached $11.4 million in the quarter ended February 29, 2008 compared to a loss of $1.3 million in the third quarter ended February 28, 2007.Blended gross profit margin in the quarter was 10.4%, reflecting strong management of raw materials sourcing in both of the copper and stainless steel operations, higher copper pricing, and the addition of higher grade stainless steel.
On a weighted average share basis, net income in the third quarter was $0.61 per share compared to a net loss of $0.08 per share in last year’s third quarter. On a fully diluted per share basis, net income in the third quarter was $0.45 per share compared to a net loss of $0.08 per share in last year’s third quarter.
“Third quarter’s performance reflects the aggressive ramp in our stainless steel business, with production increasing to 22,260 MT from 1,495 MT last year,” said Don Nicholson, president and acting CFO of Terra Nostra.
RTK $2.23 UP 18% vol 918,156 Rentech
The run could be over, last year it peaked to $2.50
Rentech, Inc. provides technologies that utilize domestic resources to produce ultra-clean synthetic fuels and chemicals.It licenses its proprietary derivative of the Fischer-Tropsch process, called Rentech Process, which converts synthesis gas derived from coal, petroleum coke, biomass, natural gas, or municipal solid waste into liquid hydrocarbon products, including ultra clean diesel fuel, jet fuel, naphtha, specialty chemicals, and other fuel products. Rentech, Inc. also manufactures anhydrous ammonia, UAN, nitric acid, carbon dioxide, and granular and liquid urea. In addition, it has a joint development agreement with Peabody Energy Corporation for the co-development of CTL projects that convert coal into ultra-clean transportation fuels using the Rentech Process. The company was founded in 1980 and is based in Los Angeles, California
RTK $1.94 UP 7.18% VOL 1,607,251
Rentech, Inc. provides technologies that utilize domestic resources to produce ultra-clean synthetic fuels and chemicals. It licenses its proprietary derivative of the Fischer-Tropsch process, called Rentech Process, which converts synthesis gas derived from coal, petroleum coke, biomass, natural gas, or municipal solid waste into liquid hydrocarbon products, including ultra clean diesel fuel, jet fuel, naphtha, specialty chemicals, and other fuel products. Rentech, Inc. also manufactures anhydrous ammonia, UAN, nitric acid, carbon dioxide, and granular and liquid urea. In addition, it has a joint development agreement with Peabody Energy Corporation for the co-development of CTL projects that convert coal into ultra-clean transportation fuels using the Rentech Process. The company was founded in 1980 and is based in Los Angeles, California.
wow last week was great, this week :(
i think the china plays will come back probably during the games, though now they are in a sell off phase
little known oil compnaies are being sold off too
TNRO $2.29 UP 17% VOL335K (china steel+copper play)
Shares Outstanding: 60.80M
52 - Week Range $0.71 - 5.90
Terra Nostra Resources Corp., http://www.tnr-corp.com/ through its subsidiaries, operates in the stainless steel and copper industries in the People's Republic of china. It offers billets and strips of steel used in the applications of automotive, aerospace, and power generation industries, as well as in the manufacture of food handling, health and medical, chemical processing, and pollution control equipment. The company also provides electrolytic copper and non-oxygen copper rods used in cyclical industries, such as construction and industrial machinery manufacturing. Terra Nostra Resources Corp. is based in Pasadena, California
======================
Terra Nostra Announces Third Quarter Financial Results
Tuesday April 22,[/] 8:08 am ET
Revenues More Than Double to $108.8 Million
Revenues for the third fiscal quarter ended February 29, 2008 were $108.8 million, compared to $41.3 million for the three month period ended February 28, 2007. Gross profit reached $11.4 million in the quarter ended February 29, 2008 compared to a loss of $1.3 million in the third quarter ended February 28, 2007.Blended gross profit margin in the quarter was 10.4%, reflecting strong management of raw materials sourcing in both of the copper and stainless steel operations, higher copper pricing, and the addition of higher grade stainless steel.
On a weighted average share basis, net income in the third quarter was $0.61 per share compared to a net loss of $0.08 per share in last year’s third quarter. On a fully diluted per share basis, net income in the third quarter was $0.45 per share compared to a net loss of $0.08 per share in last year’s third quarter.
“Third quarter’s performance reflects the aggressive ramp in our stainless steel business, with production increasing to 22,260 MT from 1,495 MT last year,” said Don Nicholson, president and acting CFO of Terra Nostra.
TNRO $2.2 +12% VOL215K TERRA NOSTRA(China Steel+Copper play)
Shares Outstanding: 60.80M
52 - Week Range $0.71 - 5.90
Terra Nostra Resources Corp., http://www.tnr-corp.com/ through its subsidiaries, operates in the stainless steel and copper industries in the People's Republic of china. It offers billets and strips of steel used in the applications of automotive, aerospace, and power generation industries, as well as in the manufacture of food handling, health and medical, chemical processing, and pollution control equipment. The company also provides electrolytic copper and non-oxygen copper rods used in cyclical industries, such as construction and industrial machinery manufacturing. Terra Nostra Resources Corp. is based in Pasadena, California
======================
Terra Nostra Announces Third Quarter Financial Results
Tuesday April 22,[/] 8:08 am ET
Revenues More Than Double to $108.8 Million
LOS ANGELES & ZIBO, China--(BUSINESS WIRE)--Terra Nostra Resources Corporation (OTCBB: TNRO - News), a majority owner of two joint venture companies in the copper and stainless steel industries in China, announced results for the three months ended February 29, 2008.
Revenues for the third fiscal quarter ended February 29, 2008 were $108.8 million, compared to $41.3 million for the three month period ended February 28, 2007. Gross profit reached $11.4 million in the quarter ended February 29, 2008 compared to a loss of $1.3 million in the third quarter ended February 28, 2007.Blended gross profit margin in the quarter was 10.4%, reflecting strong management of raw materials sourcing in both of the copper and stainless steel operations, higher copper pricing, and the addition of higher grade stainless steel.
On a weighted average share basis, net income in the third quarter was $0.61 per share compared to a net loss of $0.08 per share in last year’s third quarter. On a fully diluted per share basis, net income in the third quarter was $0.45 per share compared to a net loss of $0.08 per share in last year’s third quarter.
“Third quarter’s performance reflects the aggressive ramp in our stainless steel business, with production increasing to 22,260 MT from 1,495 MT last year,” said Don Nicholson, president and acting CFO of Terra Nostra.
http://biz.yahoo.com/bw/080422/20080422005761.html?.v=1
OPTV $1.53 UP 5.52% VOL 148,818
OpenTV Signs Deal With NBC Universal
Tuesday May 20, 8:30 am ET
Leading Media Group Selects OpenTV Participate(TM) to Power Interactivity for Its TV Networks
“We are very pleased to have been chosen by one of the biggest media and entertainment companies in the world to be the central component of its multi-platform interactivity,” said Ben Bennett, OpenTV’s Chief Executive Officer. “We look forward to a long term relationship with NBC Universal, a company that we consider to be at the forefront of innovation in viewer participation television.”
CWSI
it had a net loss but was up today, be careful!
"Net loss, including non-cash items such as interest expense related to amortization of debt discount of $2.3 million and a deemed preferred dividend of $2.9 million, for the first quarter of 2008 was ($4.1) million, or ($0.11) per fully diluted share, compared to net income of $0.6 million, or $0.02 per fully diluted share, for the three months ended March 31, 2007."
http://biz.yahoo.com/prnews/080515/cnth118.html?.v=1