I really would like for BCLE to pop again.
We are watching quite a few mid-'90s Miatas, and by gosh, I'd like for BCLE to pay for our (soon-to-be) new toy
That is all. :D
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I really would like for BCLE to pop again.
We are watching quite a few mid-'90s Miatas, and by gosh, I'd like for BCLE to pay for our (soon-to-be) new toy
That is all. :D
To steal a phrase....EVFL is one of those that just exist...Quote:
Originally Posted by Los Tiburones
In addition to that, the price of old used vegetable oil will probably go up once it catches on. Like the Squirrels say, "It is all fun and games until somebody loses a nut!"
dave, thanx for the response.
hope everyone is doing well. i got rid of DLAD, i lost a couple of hundred , no big deal. im still holding strong on QASP and BCLE. whenever i see green i get the itchy trigger finger on the sell button. but i maintained some self control and did not sell any. my problem is when i see some green i just wanna take the win. im trying to remind myself im going for the big score. i will keep you guys updated if i pull any triggers. im basically all in on those 2 and my sirius options play so im not making any new moves. im just hanging around.
i really hope one of those move soon as i really want to get back into miggle.
the only fear is a R/S. besides that i am very confident it will make a move at some point in the future, it may be a few months but this same issue with the high btu's provided a nice buyin and then subsequent launchpad when miggle announced their wells were back online. im expecting a similiar PR whenever they decide to put one out and im sure with a new crop of investors it will be a 6-7 bagger like the last time.
not sure if i can add anything else. a recent topic of conversation at Satwaves and other forums has been the recovery. some think its a "W" recovery others think its an "r" others think its a "V" and "U" ..dave , bill, anyone have an opinion on our economic future? i really have no clue personally, i wouldnt even know what indicators are reliable in predicting the most probable scenario.
gn and gl.
Hi -
Real beat, just got done workin'...
There isn't any way to predict the shape (in terms of what broad pattern will arise) of the way the market will come, until each part forms.
Regarding the "letter" of the moves, you could consider the low in november (spurred by our tax dollars going to the first bank bailout) to be one lower part of a W and the move in the other lower part spurred by the NYSE trendline bounce as the other part - market broke past that and kept going... so now we have something bigger to consider. What I don't like, which makes me still think a decent bearish move is to come is that the curve is arched, as opposed to U shaped for the move off of march lows.
Twice now, we have had consolidation since then, and then a move upward, a lot of folks thought there would be a downside - including myself (the second time) - which was a mistake - the mistake being, trying to predict the move, you just let the move out of consolidation happen and trade with it.
Currently, there is heavy short action abound, what perfect way to way to run the market up, is for everyone looking for a downside after this last consolidation - then have a short squeeze. That's the reason I looked at those RIMM calls.
In the meantime, the ships are showing mixed action but really are beaten down... so the world isn't working yet. In the US however, there is some shipping as stocks like FEDEX, etc. are picking up. I'm hoping PACR follows suit... cause its at a sell point, as it broke a little below its consolidation.
Also in the meantime, the banking index, where our original bailout guys have led the way, hasn't recovered much and keeps making highs on now bigger and bigger negative divergence... so the smaller and larger non-bailout banks may take a tumble eventually, as that usually happens on negative divergence, but how far, have no clue, but if they can bring down the bailout guys, we'd see a pickup on the downside.
All my opinion.
Other than a U can't happen, cause the curve is going the wrong way... so that's all I can say for certain. It's one half of an upside down U at the moment.
Ah, the dow transports broke out of a nice channel, lets see if that holds... if it does, we may need to revisit the ships soon. They are beaten down, but can go higher.
I'm just hoping that the market will hold for a while, let the NYSE trendline catch up, cause if we pierce that line, then lord only knows what the stopping point will be.
Speaking of which... if there is a short squeeze going on, I wonder if the NYSE will hit 7000 - that would make a decent reversal, but even lower than that, you could argue for a massive head and shoulders top that goes back years, in which case the NYSE line gets broken, and the bearish elliot wave is in effect - so far you can't resolve the bullish vs. bearish elliot wave formations - and then who knows, all hell breaks loose? The only logical stopping point I see is the 1994 high around 2800. That's after the SN&L crises and just before mutual funds and such - ie. the times the average guy could invest started, which helped make the market more volatile and preceded the dot com crash... ie. the middle class was allowed in the market, followed by the ability for average folk like a lot of us to run our own accounts on-line, for better or worse, lol.
Just don't buy gold when that happens, stock up on food and bullets... you'll make it longer. That and, don't average down in SIRI.
Geez, look what time it is...
Let's all learn together - what's your biggest problems in trading?
Mine are:
1) not being awake when the market is open
2) too tired to make a trading plan or, update my trading plan for the stocks I own... which leads to 3...
3) having too many positions open
4) not placing stops when I'm tired like this and know I'm gonna miss it.
I need to switch to futures or forex, cause they run 24/7... we'll for futures, its almost 24/7. I could day trade for an hour, then hit the hay before the equities markets open.
One of the things picked up here especially in the pre-lurker days was the ships and all the discussion about them being such a true indicator of what is going on out there ... I had to run some errands at work Tuesday and caught the tail end of an interview with ... I was trying to commit the sites he mentioned to memory ... Darn fleshly matter ... At any rate, he was discussing how the costs that once ran 300K per day for a regular run was down now to 30K and in some instances even lower.Quote:
In the meantime, the ships are showing mixed action but really are beaten down... so the world isn't working yet. In the US however, there is some shipping as stocks like FEDEX, etc. are picking up. I'm hoping PACR follows suit... cause its at a sell point, as it broke a little below its consolidation.
Dave, what's your take on the whole R\S with SPNG?
Anyone read any good investment/trading books lately? I finally picked up one of Jack Schwager's... really good, enjoying it. Also reiterating what I need to hear.
Here's mine:Quote:
Originally Posted by Dr. Dave
1) Being awake when the market opens :D
2) The uncanny ability to purchase a stock and then turn into Mr. Freeze, that is, everything I touch freezes ...
3) Being too late to the party (MGLG, QASP, BEHL ... SPNG)
Seriously, it's the grand patience matter and I understand it - SIRI being the true test, I got in it with this in mind and am doing well enough, the strategy still holds to the great 'buck' - Anywhere between there and 1.25 and I'm out ... unless one of the others takes off, then I might reconsider again.
Would like to learn more about other markets though, one which I haven't heard much about is the Canadian exchange. Have been watching for instance that sister SIRI stock - XSR - The volume is way lower and coulda\shoulda gotten in a long time ago, have just watched it out-pace SIRI since it was at .20, right now? $1.40 -
Also have been reading http://www.pennystocks.org/introduction.php online -
"Leeds Analysis" - Kind of a mixed bag, he suggests not being involved with the "Pinkies" ... :rolleyes: But is fond of the Canadian market ...
Form 8-K for SMURFIT STONE CONTAINER CORP
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9-Sep-2009
Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On September 9, 2009, Smurfit-Stone Container Enterprises, Inc. ("SSCE") made a voluntary $250 million prepayment on the $400 million U.S. term loan under the Credit Agreement entered into on January 28, 2009 between SSCE, Smurfit-Stone Container Corporation (the "Company") and certain of its affiliates and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian administrative agent and Canadian collateral agent, and the lenders from time to time party thereto, as amended and restated (the "DIP Credit Agreement"). The DIP Credit Agreement provides for borrowings up to an aggregate committed amount of $750 million consisting of the $400 million U.S. term loan for borrowings by SSCE; a $35 million Canadian term loan for borrowings by Smurfit-Stone Container Canada Inc. ("SSC Canada"); a $215 million U.S. revolving credit facility for borrowings by SSCE and/or SSC Canada; a $35 million U.S. revolving credit and letter of credit facility for borrowings by SSCE and/or SSC Canada; and a $65 million Canadian revolving credit and letter of credit facility for borrowings by SSCE and/or SSC Canada. The material terms of the DIP Credit Agreement are described in the Company's Current Report on Form 8-K filed with the SEC on January 30, 2009, and are incorporated herein by reference.
Following the prepayment, there will be approximately $137 million outstanding under the U.S. term loan and $35 million under the Canadian term loan under the DIP Credit Agreement, and the Company will have available liquidity, including cash, of approximately $800 million. The Company continues to have zero borrowings outstanding under both the U.S. revolving credit facility and the Canadian revolving credit facility under the DIP Credit Agreement.
Smurfit-Stone Container Canada, Inc. entered into an agreement for the sale of its Canadian timberlands and expects to close the transaction by mid-September, resulting in a pre-payment of approximately U.S.$27 million of the Canadian term loan under the DIP Credit Agreement and leaving a balance of approximately $8 million under this facility.
Also on September 9, 2009, the United States Bankruptcy Court in Wilmington, Delaware (the "Court") granted approval to extend for 120 additional days the exclusive period in which the Company and its subsidiaries can file a plan of reorganization with the Court, to January 21, 2010, and granted approval for the Company and its subsidiaries to solicit acceptance of a plan of reorganization until March 23, 2010.
The information in this Form 8-K is being furnished under Item 7.01 and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended, or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, as amended, except as shall be expressly set forth by specific reference in such filing.
Forward-looking statements
This Current Report on Form 8-K (including the exhibits) may contain forward-looking statements within the meaning of the federal securities laws, including statements regarding the intent, belief or current expectations of the Company and its management which are made with words such as "will," "expect," "believe," and similar words. These forward-looking statements involve a number of risks, uncertainties and other factors, which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations or financial condition of the Company to differ from expectations include:
(i) the Company's ability to continue as a going concern; (ii) the ability of the Company to operate
--------------------------------------------------------------------------------
pursuant to the terms of the DIP Credit Agreement, as amended; (iii) the Company's ability to obtain court approval with respect to motions in its Chapter 11 cases; (iv) the ability of the Company to develop, confirm and consummate one or more plans of reorganization with respect to its Chapter 11 cases; (v) the ability of the Company to obtain and maintain normal terms with vendors and service providers; (vi) the Company's ability to maintain contracts that are critical to its operations; (vii) the potential adverse impact of its Chapter 11 cases on the Company's liquidity or results of operations; (viii) the ability of the Company to fund and execute its business plan; (ix) the ability of the Company to attract, motivate and/or retain key executives and employees; and (x) other risks and factors regarding the Company described in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, as updated from time to time in the Company's SEC filings. The Company does not intend to review, revise, or update any particular forward-looking statements in light of future events.
QASP simulator they just purchased;
Video - http://www.redbirdflightsimulations....o/IntroFMX.wmv
im really busy at work right now and can't post much but I do have some more ideas on the RS for spng
not worried still, im holding, im also holding through the RS...
the events to come going forward are good...10k, good pr's, september #'s, nasdaq filing, 1q2010 in october...
everyone knows RS aren't taken well (but that is typical with companies that are trying to stay on the Nasdaq not get on it)
I did the math and you can read my posts before, the best that spng was going to achieve in PPS over the next year would have been just over $1, so a RS would have been needed either way, so its not a surprise.
knowing that the RS is needed within 1 year to get on the Nasdaq the timing was perfect to release 1 week before the good 10K is due, that allows a week for the dust on it to settle. Then release the 10k. I also expect some more good pr's after the 10k, like september 1st half #'s.
Then a week later the RS. Then a week later the full september sales...then 2 weeks and mid october #;s and soon after the 1Q2010 10Q which will be awesome.. i suppose somewhere after the RS will be Nasdaq filing and acceptance...
The one thing weighing on me is dilution, but Im pretty positive dilution is done for 2 reasons...they diluted over the past 2 years or so to avoid debt (good thing) now revenue is kicking in and cash is good 2) they have been buying back shares as insiders and the company, i doubt they would dilute their own shares as stockholders 3) several of the SEC documents have stated "Dividend" over and over I keep seeing Dividend in the verbage, I suspect the 900 A/S will be used for a stock dividend or forward split to bring the post Nasdaq pricing down after the price stabilizes and the revenue #'s drive up the value of the company.
Have a good day, thats my stand...:D
Hey Romo, very good reasoning. I hope it works out.Quote:
Originally Posted by imromo24
Thank you Bill, it's nice to be here. Although today, my Dad, who is 89 years old is in town and we're going to do a little sightseeing.....and a lot of drinking. So, I'll check in sometime Friday and get back to work in the stock world.Quote:
Originally Posted by billhart22
I've got about 4k$ of new mooney clearing this morning and can't decide what to buy.
QASP? Currently at .025 but valued by many at around 1$. But who knows when they will do those mergers.
SPNG? A great company and product. Will certainly do well in long and short term, but have they bottomed yet after the RS announcement?
More BEHL? Another great company and product. Still in development stages tho, trying to prove itself and establish revenue. I have major confidence in this company but don't plan on seeing big returns for a month or more.
Decisions decisions...
Anyone care to cast their vote?
Hello... Hello....hello.
Is anyone there?
Hey shots, I'm here!!!!
I'd be buying up qasp or behl if i had the powder, behl hit .15 recently, I'm sure once they start announcing revenues/contracts, the pps should rise again, IMO. Im also hoping for a similar rise out of QASP once they close the acquisition deals. IMO of course!
I'm in fairly deep with both, 212k shrs oh behl & 377k shrs of qasp!
Fwi, I picked up 20k shrs of asfx yesterday, with the flu season coming up I figured why not, plus I read the reviews on their thermometer and think it's pretty innovative, should be trading alot higher than .0077, at least in the pennies!
Good luck and keep us posted on what you did!
Hi AG
I think I might split it down the middle.
I already own 60k of BEHL
I bought 70k of QASP today.
Going to wait a few days with my last 2k$ and see what happens. If spng continues to drop I'll prolly jump in just before the 10k.
That's my current plan. Can anyone else think of a better one?
Quote:
Originally Posted by Alaska Guy
Shots--
I'd double up on BEHL, or maybe add some BCLE to the mix. I'm convinced that BCLE is going to run again soon, based on the pumping effort they have begun. IMHO.
http://linkbee.com/SPNGonFOX
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OK, I'll take 10 cases please ... ;)
http://investorshub.advfn.com/boards...ge_id=41362168
There might be some comments in there as well ... didn't read 'em.