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Of course GS seeks and sees opportunity where they create it:
http://financial.seekingalpha.com/article/29472
Try shorting WM..but don't get burned cuz I told you so...I did, but luckily it was only on paper...
I doubt there are any naked shorts on this stock and I doubt you will be able to tell how many fail to delivers there are unless you are a stock broker...
What is Centum and do you really think Canada will not be impacted by this current news?
SAN FRANCISCO (MarketWatch) -- Investment bank Goldman Sachs is increasingly concerned about the health of California's real estate market and reckons mortgage giant Countrywide Financial could be harder hit than other lenders because of its big exposure to the state.
Countrywide shares slipped 2.5% to $37.28 on Friday, leaving them down more than 11% so far this year.
Mortgage delinquencies jumped 46% in California last year, vs. a 5% increase nationally, Goldman said in a note to clients late Thursday.
Delinquencies on prime and subprime adjustable-rate mortgages in California soared by 78% and 60% respectively, vs. 33% and 24% across the U.S., the bank added, citing recent data from the Mortgage Bankers Association.
Median California home prices are still creeping up, and the state's strong employment trends should support the real estate market. But Goldman is worried that surging prices in the state in recent years weren't driven by traditional factors such as strong employment and income growth. Instead, the bank reckons an increase in ARM mortgages offered to borrowers who were already stretching to buy high-priced homes fueled the boom.
Now that lenders are cutting back some of these types of loans and regulators are beginning to crack down, California home prices could begin falling later this year, especially in high-price cities and towns, Goldman said.
"Many metros in California have home prices that are not justified by the underlying fundamentals," Goldman analysts James Fotheringham, Daniel Zimmerman and Monica Gabel, wrote in their note to investors. "Instead house price trends have been driven by the availability of subprime and non-traditional credit."
Originations of subprime mortgages, which are offered to poorer borrowers with blemished credit records, could drop 30% to 50% in 2007 and this contraction in the availability of credit will hit California's real estate market harder than elsewhere, the analysts said.
Ten of the top 12 metropolitan areas for subprime mortgages last year were in California, with Stockton topping the list. More than 40% of home loans in that town, nestled in the state's central valley east of San Francisco, were subprime in 2006, the analysts noted.
With fewer subprime loans available and more delinquencies likely, California home prices will probably weaken further in 2007, the analysts said.
That's not good news for Countrywide (CFC : Countrywide Financial Corp
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CFC36.25, -1.11, -3.0%) . Almost half of the company's $71.8 billion mortgage portfolio and more than a quarter of its home loan servicing business is from California, the Goldman analysts noted.
Countrywide has also offered a lot of option ARMs. These types of mortgages let borrowers pay less than the interest they owe on the loan each month, for a certain period of time. If borrowers chose this option, the size of their loan grows and when they finally have to start paying off the principal, the monthly payments can increase a lot.
Mortgages offered to prime borrowers (people with high credit scores and less debt) haven't experienced large increases in delinquencies. But option ARMs are one of the few types of "prime" home loans that have begun to deteriorate, Goldman said.
About 46% of the principal from Countrywide's mortgage portfolio is from option ARMs, and many of these loans were probably originated in California, Goldman noted, adding that this is a "risky combination."
Countrywide will likely have to set aside more money to cover loan losses and that will cut into profits, the analysts said. They cut their earnings forecasts for the lender by 3% in 2007 and 2008 and by 4% in 2009.
The analysts also reduced their price target to $32 from $33 and reiterated their sell recommendation.
Alistair Barr is a reporter for MarketWatch in San Francisco.
Did you write the Board info for this stock?
I doubt there is one.
This company looks like a trail of shell games according to this:
Company History
Reliant Home Warranty Corporation ("the Company") was incorporated in the State of Florida on December 18, 1995 as Ronden Vending Corp. On December 24, 1996, the Company incorporated a wholly owned subsidiary called Ronden Acquisition Inc, a Florida corporation. Ronden Acquisition, Inc then merged with Video Home Shopping, Inc., (a Tennessee corporation), and Ronden Acquisition, Inc. was the surviving Florida Corporation. In 1996, Video Home Shopping, Inc. operated a network marketing and distribution business which offered a wide range of products and services to consumers through the medium of video tape. Subsequent to the merger the Company suspended the network marketing and distribution operations of Video Home Shopping, Inc of Tennessee.
On January 9, 1997, articles of merger were filed for the Company as the surviving corporation of a merger between the Company and its wholly owned subsidiary Ronden Acquisition, Inc. This step completed the forward triangular merger between Video Home Shopping, Inc., Ronden Acquisition, Inc. and the Company.
On January 9, 1997, articles of amendment were filed to change the name of the Company from Ronden Vending Corp to VHS Network Inc (VHSN). On April 9, 1997, the Company incorporated VHS Acquisition, Inc. as a wholly owned subsidiary.
In April 1997, the Company was restructured by way of a reverse take-over involving its wholly owned subsidiary, VHS Acquisition, Inc., a Florida company, and VHS Network, Inc., a Manitoba and Canadian controlled Private Corporation.
On April 12, 2000, the Company acquired all the outstanding common shares of China eMall Corporation, an Ontario private company. This represented a 100% voting interest in China eMall Corporation. The Company functioned as an
-3-
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e-commerce company that provided Internet marketing and information services to facilitate trade between Chinese and western businesses and consumers. On September 5, 2003, the Company divested its interest in China email by selling all the outstanding common shares of China email for a nominal amount ($2.00)
On May 6, 2001, the Company entered into an agreement and plan of reorganization (the "Agreement") with Branson Holdings, Inc. ("Branson") to acquire all the issued and outstanding shares of Branson. On July 26, 2001 VHSN terminated its agreement with Branson.
On December 1, 2001, the Company acquired all the outstanding common shares of TrueNet Enterprise Inc., an Ontario private company. On September 22, 2003, the Company changed its name to Dialex Minerals Inc. and completed a reverse split of its issued and outstanding common shares on the basis of ten (10) common shares for one (1) new common share.
On February 9, 2004, the Company completed a transaction acquiring all the outstanding shares of Condor Diamond Corp. an Ontario private company.
On February 2, 2005, pursuant to a Stock Exchange Agreement and a registration statement filed on Form 14-3 with the Securities and Exchange Commission, the Company changed its name from Dialex Minerals Inc. to Reliant Home Warranty Corporation. The Company undertook a reverse split of its outstanding common shares on the basis of one (1) new share for twenty-two (22) old shares thereby reducing its outstanding common shares from 44,438,786 to 2,019,945.
On March 16, 2005, Sandro Sordi in Trust acquired control of the Company, by acquiring a majority of its issued and outstanding shares through the execution of a share purchase agreement with Condor Gold Corp and RTO Zarex Ltd.
Effective March 23, 2005 and prior to the approval of the Stock Exchange Agreement, the former directors of the Corporation, Alexander Stewart, Wallace Stonehouse, Kirk Boyd, Stephen Stewart and Neil Novak, resigned upon the appointment of new directors, Kevin Hamilton, Valeri Guilis, Boyd Soussana and the Honorable John Roberts. Paul Burden became a Director in April, 2006. On March 24, 2005, pursuant to the Stock Exchange Agreement, The BSA Group Limited ("BSA"), in trust for the shareholders of 1604494 Ontario Inc., an Ontario private company, acquired control of the Company by acquiring from treasury 76,000,000 shares of the Company in exchange for all of the issued and outstanding shares of 1604494 Ontario Inc. The total amount of issued and outstanding shares in the Company as a result increased to 78,019,945.
Coincident with the establishment of its home warranty insurance business, the Company divested all of issued and outstanding shares, of Condor Diamond Corp., the Company's wholly-owned subsidiary, to Condor Gold Corp., in consideration of the return of any and all liabilities owing by the Company to Condor Gold Corp.
On April 21, 2005, the Company entered into a Letter of Intent with Creditorlife Inc respecting the comprehensive marketing of the Company's proprietary line of products.
On May 21, 2005, the Company entered into a comprehensive Letter of Intent with Brit Insurance respecting the full reinsurance by Brit of the Company's range of products.
On June 20, 2005, the Company entered into a comprehensive Letter of Intent with Dundee Securities respecting Dundee's acting as the Company's fiscal advisor.
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On August 26, 2005, the board of Directors of the Corporation accepted the resignation of its President and Chairman Kevin Hamilton and appointed one of its existing directors, Boyd Soussana, as its new President and CEO.
On January 1, 2006, the board of Directors of the Corporation accepted the resignation of its Treasurer and Director, Val Guilis, and appointed Steve Hamilton as its Treasurer and Director.
In April 2006, the Board of Directors of the Corporation appointed Paul Burden as one of its Directors.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000931731-07-000043&Type=HTML
You would have more fun with monkeymail...
I advised the Caymans to run it through their shorting trust just for your personal benefit...
http://www.crea.ca/public/news_stats/stories/real_estate_selloff.htm
Heed your own head...
We'll see what Hsu had to say soon enough:
http://www.ipsos.ca/pdf/Ipsos_SubPrimeLending.pdf
old news given by an assumptive gannymeade...
No, I live in Victoria...
Canadian home sales set recordA record number of homes traded hands in Canada in the first quarter, thanks to a strong showing in Western Canada, numbers released today show. Sales volumes increased 6.4 per cent in the first quarter, the Canadian Real Estate Association reported, surpassing 90,000 units for the first time in a three-month period.
Regina, Saskatoon, Calgary and Edmonton saw the greatest jump in existing home sales, with all four cities setting sales records for the quarter. Despite the strong quarterly showing, the new numbers show that the pace of sales across the country slowed in March, barely budging from February levels. Even so, March was the third highest month for sales volumes.
The average price of an existing home rose 9.5 per cent in March from the same month last year, again largely because of demand in Western markets. At the top of the pack was Edmonton, where the average price of a home was $325,439, an increase of close to 48 per cent from March, 2006. The Alberta capital is the fifth most expensive city in Canada to buy a home, behind Vancouver, Victoria, Calgary and Toronto.
Other markets that saw sizable increases in average home prices include Calgary at 27.6 per cent, Saskatoon at 28.2 per cent and Sudbury at 27.5 per cent.
Average home prices were up 13.7 per cent in Vancouver and 3.4 per cent in Toronto, the country's largest market.
“The resale housing market continues to be a story that features the West and the rest,” said Gregory Klump, the real estate association's chief economist. As a result, CREA is expecting price increases in British Columbia and the Prairie provinces to outpace all other markets.
Sounds more like a pipe dream to me...
Let's see what CREA has to say next month:
This is what they said last year:
http://www.crea.ca/public/news_stats/pdfs/CREA_Forecast_May_2006.pdf
Sorry you consider the truth to be bashing and you have to resort to threats to reinforce your false belief systems...try not to take my posts so personally dude!
Maybe you'd make more money shorting WM than pumping this POS.
http://www.americanchronicle.com/articles/viewArticle.asp?articleID=23821
Didn't you guys hear?
The SEC is watching this board like a hawk...here's proof!
Regulator warns about China-related stock scams
E-mails, cell phone messages tout stocks in pump and dump scheme: NASD
PrintE-mailDisable live quotesRSSDigg itDel.icio.usBy Robert Schroeder, MarketWatch
Last Update: 11:46 AM ET Apr 23, 2007
WASHINGTON (MarketWatch) -- Investors should be careful about e-mails, faxes and cell phone text messages that tout stocks related to China to avoid falling victim to a "pump and dump" securities scam, regulator NASD said Monday.
The regulator cited one fax promoting a purported China stock with the headline, "Grabbing massive profits in China has never been easier than right now!" The fax advertised the stock at a low price and said the shares were "ripe to pop."
But the China-related schemes are the latest example of the "pump and dump" scam, in which fraudsters use misleading or false advertising to jack up a stock's price and then sell it at a profit. Investors are left holding a stock valued at much less than the original purchase price.
"The fact that a company has 'China' in its name can be misleading, especially since most of the companies being peddled are not even incorporated in China," said NASD Chairman and CEO Mary Schapiro. She said investors should ignore such unsolicited recommendations or investigate the company and its claims before investing in it.
NASD is the leading private-sector securities regulator.
That still doesn't answer my question...how many shares of this stock are short? If you look at one of their competitors on yahoo -(not accurate data by them by any means) it shows the number of shorts...
http://finance.yahoo.com/q/ks?s=FMLY.OB
v
http://finance.yahoo.com/q/ks?s=FILM.PK
This the latest news from the pink sheets on this company:
Would you like to hear your favorite CEO interviewed on Stockwire.com? If so, send them an email letting them know it's available to them at NO COST!
Talk to other FMLY shareholders by clicking the following link: http://www.stockwire.com/talkback?FMLY .
To view in-depth research, click the following link: http://www.stockwire.com/detailed/analysis.php?company=FMLY .
Family Room Entertainment Corporation (OTCBB:FMLY), Emmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment Corporation (OTCBB:FMLY), in accordance with Regulation "FD" (Full Disclosure), would like to announce that Emmett/Furla Films has been diligently developing and packaging three new projects and is in final negotiations with a major independent financier to finance and produce the pictures. Although Family Room can offer no guarantees that any of these negotiations will conclude in the commencement of a new production, Family Room remains hopeful that one or more of these projects will result in an announcement during the Cannes Film Festival (May 16-27, 2007).
Stock price: 0.00070, Up+40.00% on 146,457,536 shares traded
I don't see it, nor does the appearance of a stock on Reg SHO list indicate that there are unknown shorts on this stock...my question is how do you know that something exists when it is unknown whether or not it exists or not? You see the double conundrum?
You are fortunate then...
Any take on FMT? short/long, straddle?
http://finance.yahoo.com/q/ks?s=FMT
Look at those short stats...
Naw, I just lost so much shorting it I thought maybe if it got that close again I would try to recoup my money...LOL
http://www.nytimes.com/2006/02/01/technology/01google.html?ex=1296450000&en=90b1c7bc30259979&...
Right, so you think there are unknown naked shorts on this stock - how do you know that?
Do you work for Intel?
ooh i love that picture...
what's up...is this thing ready for a leveraged buyout offer from a private equity group or what? LOL!
This link is supposed to have it somewhere:
FMLY on reg SHO list
http://www.nasdaqtrader.com/aspx/regsho.aspx
I was trying to determine the current outstanding short positions on this stock from the REG SHO link in the IBOX but I couldn't quite find it..any clues?
Hey Art, long time no keypad...whats up with the World Hockey League?
According to this WM is supposed to be nosediving soon...
http://www.americanchronicle.com/articles/viewArticle.asp?articleID=23821
Anyone have any confirms? Its up 10% I think since his article....
Did you or anyone you know get taken in by
TLYN on these boards over the past three years?
Insurance companies can play games all day long...
Does this mean that this company is now ripe for a leveraged buyout by some private penny stock equity firm?
So now that all the good news has filtered through the stock market and a new high has been reached are we ready to short GOOG again? Last time we shorted it at near what was it $600?
Check this out:
Search king Google Inc. found another billion dollars in quarterly profit Thursday.
Advertisers continued to flock to the leading search engine, boosting Google's first-quarter earnings 69% to $1 billion — the second time it has hit the 10-figure mark.
The company blew past Wall Street's already enthusiastic expectations, defying analyst predictions that slowing growth in the search advertising market would crimp Google's expansion. Its revenue jumped 63% to $3.7 billion.
Excluding stock-based compensation and other one-time items, Google earned $3.68 a share, compared with analysts' average estimate of $3.30. Rival Yahoo Inc. this week missed Wall Street's earnings expectations.
"True leadership and scale is translating into new opportunities," said Jordan Rohan, an analyst with RBC Capital Markets. "Website owners need to respond to consumer demands. Consumers prefer Google. So, Google's the partner of choice."
Google shares fell $4.36 to $471.65 before the earnings report, then jumped 3% to $486.80 in after-hours trading.
Google Chief Executive Eric Schmidt seemed to delight in defying those on Wall Street who were just waiting for the Internet darling to stumble.
"We are ecstatic about our financial results this past quarter," Schmidt said in a call Thursday with analysts. "Our core business at Google remains very strong and continues to grow."
Google is increasingly defining its core business as not just search advertising but advertising of all types.
The Mountain View, Calif.-based company recently announced deals to broker radio ads for Clear Channel Radio and television ads for satellite TV operator EchoStar Communications Corp.
"That's fundamentally our vision, that we can make advertising better for everyone," said Sergey Brin, Google's co-founder and president.
But analysts say it's Google's focus on search-related advertising that continues to pay dividends.
Google spends about 70% of its resources improving the relevance of its search results and the user experience by adding handy features, such as maps next to a search for a local pizza joint or an easier way to complete an online purchase. It's also made technical improvements that lead to more online sales by giving advertisers the tools to refine their promotions.
"That's what really moves the needle," said Rob Sanderson, an analyst with American Technology Research Inc.
This is precisely where Yahoo is still faltering. Its new and much ballyhooed search advertising system, called Panama, has failed to boost the Sunnyvale, Calif.-based company's fortunes, as its first-quarter profit was off 11%. Yahoo executives say the system is winning over advertisers and remains on track to improve the company's profitability in the second half of the year.
"Their management credibility hit an all-time low with investors," Sanderson said.
Google benefits from serving as the launching pad for the majority of Internet searches. A newly released report from research firm Hitwise said Google accounted for 64% of all U.S. searches for the four weeks ended March 31. Its closest competitor, Yahoo, grabbed just 21.2%.
CEO Schmidt said Google's planned acquisition of display advertising company DoubleClick Inc. for $3.1 billion would expand the company's advertising business to better serve online banners and other so-called display ads.
But acknowledging the criticism DoubleClick has faced for tracking Web surfers' behavior, Schmidt also pledged to improve Google's practices "with respect to people's privacy."
Schmidt also touted the growth of online video community YouTube, which Google acquired in November for $1.65 billion. He said Google was nearing completion of a tool to automate the removal of videos that have been posted without the owner's permission.
The unauthorized posting of copyrighted videos is the basis of a $1-billion lawsuit brought by Viacom Inc. against Google.
Loved the cartoon!
Birds of a feather flock together...the only good mortgage broker or banker is a disinterested one! pun intended.
You can have 100 million shares I don't have
And then I will buy them back from you for .0001
You will ask how did you know it was going to run
And I will only tell you it was all in fun
Just to make sure that the scum
Who play these paper games know they are dumb.
Be careful of con artists like
Paul Mataras
Beth Ochoa
Talieh Safadi
They were involved in Telynx Inc and are now being investigated by federal, state and local government attorney's.
Telynx Inc was deregistered and had their license to issue securities revoked three months ago...it was such a scam that went on for more than three years and many people lost over 30 million...many suckers got sucked into their "business plan" which in the end only was a means of personal surivival...none of them could get a day job in America.
Beth Ochoa should be disbarred and Mataras deported and Safadi should be jailed in Federal Prison and become Bubba's girlfriend experience...
There are a lot of wannabe shells out there that want to some day grow up...Telynx didn't make the grade, never did, never could and their people are tarnished forever.
The only reason I stumbled across this company at all was because of my interest in the bankrupt NEWC...which is also heading to .0001.
Wonder if they are open to a leveraged buyout offer? They seem to be making money...they'd make more if they were privatized....
What is this? a reinvention of telynx?
See ya
Wouldn't want to be ya! LOL!!!!!!!
Your decisions are based on illusion, delusion and confusion...be my guest...throw all your money away....LOL!