Silver Falcon Mining, Inc. (OB: SMFI) has received the result from its first smelted pour which occurred on November 22, 2010. The Company’s shipment to a smelter of 498 net pounds of precious metal concentrate produced 283.3 pounds of dore bars after smelting which are currently being assessed for their gold and silver contents. The management of Silver Falcon anticipates the final results within the next three calendar weeks.
Dore bars are a semi-pure alloy of silver and gold which can contain varying amounts of the precious metals with the true value not known until a final assessment is conducted. Many times, the low-purity, rough dore bars are sent to gold refineries for upgrading into tradable bars of high purity.
The Company previously announced a share buyback program in which 15 percent of the cash aggregate of gross revenues from the sale of the dore bars as well as all other revenues will be used to buyback at market price a portion of the approximately 300 million issued shares. The shares will then be retired to lower overall share structure.
Additional work is ongoing at other Silver Falcon properties as well. The approaches to the Sinker Tunnel project have been reshaped and winter has made no impact on progress at the Diamond Creek project. A new belt scale is being installed currently at Diamond Creek Mill and anticipated to be completed in the first full week of December. Upon installation, the ore from the Oso Zone (a higher grade throughput) that is stock piled at the facility will be processed.
Addressing progress, revenues and the buyback program, Pierre Quilliam, President of Silver Falcon, commented, “This is an important milestone since the opening of our mill, as it completes the circle of extraction of the gold and silver from the ore taken from the War Eagle Mountain to the sale and revenue generated by this process. The Company is readying a second, larger shipment of concentrate to the smelter. As more revenue is generated, the Company will continue to meet its obligations and retire more shares from its anticipated monthly buy-back program."
Technically speaking, the SFMI chart is in a nice position to make a stronger move. Coming off of twelve cents in October, the stock price has made a nice higher low with a rounded appearance to it which can often lead to a nice climb in share price as it rolls off the bottom. The moving averages are tucked in under the share price and it appears that the previous high of $0.19 may be tested as the price tries to climb and hold over both the 50 and 200 day simple moving averages; a sign of a bullish chart. As always, proper due diligence is mandatory.
More information on Silver Falcon Mining and its projects can be found on the Company’s website at www.silverfalconmining.com.
Tuesday, November 30, 2010
Icagen (NASDAQ:ICGN) Doubles Stock Price on Pfizer News
Shares of Icagen (Nasdaq:ICGN) jumped more than 100 percent today after announcing a milestone achievement and $1 million infusion from Pfizer (NYSE:PFE). In late trading, the stock was up 98 percent at $2.42 per share on heavy volume of more than 4 million shares. Icagen has a market cap of $15 million and a 52-week range between $0.96 and $9.60 per share.
Icagen today provided an update on its sodium channel program for pain and related disorders which is being conducted in collaboration with Pfizer. As previously reported, the companies recently conducted a clinical study in healthy volunteers of several collaboration compounds targeting the sodium ion channel Nav1.7. Based upon data obtained in this study, the companies have now selected one of these compounds to advance into further clinical studies. The selection of this compound has triggered a milestone payment to Icagen of $1.0 million.
P. Kay Wagoner, CEO of Icagen, stated, "We are very pleased that, in collaboration with Pfizer, we have now selected a novel compound for further clinical development in our Nav1.7 program. This marks an important achievement, as we believe, based upon a wide range of genetic and scientific evidence, that subtype selective sodium channel blockers represent a promising approach for the treatment of pain and related disorders. In achieving this milestone, we feel fortunate to be working with one of the world's leading pain research groups at Pfizer."
As previously noted, Pfizer and Icagen recently renewed and extended the research term of their collaboration through year-end 2011. In addition to Nav1.7, the collaboration also includes certain other sodium ion channel targets. Pfizer will continue to fund all aspects of the collaboration, including research and preclinical development efforts at Icagen, and has exclusive worldwide rights to commercialize products that result from the collaboration. Icagen is eligible to receive approximately $359 million upon achievement of specified research, development, regulatory and commercialization milestones for products under the collaboration, and is also eligible to receive tiered royalties, against which the commercialization milestones are creditable, based upon product sales.
Icagen is a biopharmaceutical company based in Research Triangle Park, North Carolina, focused on the discovery, development and commercialization of novel orally-administered small molecule drugs that modulate ion channel targets. Utilizing its proprietary know-how and integrated scientific and drug development capabilities, Icagen has identified multiple drug candidates that modulate ion channels. The Company is conducting research and development activities in a number of disease areas, including epilepsy, pain and inflammation. The Company has a clinical stage program in epilepsy and pain.
To learn more about Icagen, please visit their website at www.icagen.com.
Causeway Entertainment (PINK:CIST) Heavy Volume Today: +12%
Volume for Causeway Entertainment (PINK:CIST) has skyrocketed today after putting out fresh news about its upcoming event schedule. In mid-day trading, shares of CIST were up 12 percent at $0.0346 per share on volume of more than 8 million shares compared to its average daily volume of only 235,000 shares. CIST has a market cap of $1.6 million and a 52-week range between $0.01 and $1.04 per share.
CIST recently announced of the line up for Cage Wars Championship's latest thrill show -- 'Validation' -- at the Odyssey Arena, Belfast on Friday 10th December, 2010 . Set to be an action-packed and adrenaline-filled night, there will be a world-class line up of top MMA sportsmen flying into Belfast to take part in the show. MMA superstar Jeremy Horn -- one of the most experienced fighters in the sport anywhere in the world, with over 100 fights under his belt -- will be jetting in for the event, as well as fellow American, Rich 'No Love' Clementi.
Joining Jeremy Horn and Rich Clementi, fighting it out to be crowned Cage Wars Champion, will be 19-year-old Northern Ireland fighter, Ali 'Insane' Maclean from Lisburn. He will be fighting in the first-ever Cage Wars Championship lightweight title four-man tournament. Northern Ireland's leading MMA fighters, Lee McKibben and Hugh Brady will also be taking part in the event.
Cage Wars Championship is Europe's longest-established Mixed Martial Arts promotion company. The event will be broadcast to homes around the globe.
MMA is the world's fastest-growing sport. It is a full contact combat sport with a wide variety of techniques and skills from a mixture of martial arts and non martial art traditions used in competition.
For more information on Cage Wars, please visit www.cagewars.co.uk.
Launching Cage Wars -- Validation -- are Cage Wars Ring Girls Melissa Magee, Jenny Curran and Nicki Cartmill and Lisburn fighter Ali "Insane" Maclean.
Cage Wars Championship, operationally located in Belfast, Northern Ireland, is a multimedia entertainment company, supplying a complete range of MMA entertainment products to a diverse, international market.
Causeway Entertainment is focused on capitalizing on the constantly growing Mixed Martial Arts (MMA) sports industry. Building itself as a mainstream competitive sport, MMA has grown into a multimillion-dollar industry with millions of viewers tuning into MMA sporting events. Through promotion, sponsorship and acquisition, Causeway aims to position itself as a leading player in the industry.
Borders Group Inc. (BGP) Technical Stock Trading Video Chart
Today Penny Payday brings you a video chart for Borders Group Inc. (BGP), a NYSE company and one of many you can find at Pennypayday.com.
Scientific Games(Nasdaq:SMGS): Bring in The Old +12%
Scientific Games Corp., which makes scratch-and-win tickets and computing infrastructure for lotteries, said Monday it is reinstating its chairman and former chief executive as CEO. The company said that at the request of its board of directors, Lorne Weil, its chairman, will step back into the CEO role he held from 1992 to 2008.
Michael Chambrello, the company's president and CEO, will move into a role as chief executive for the Asia-Pacific region. He will report to Weil, and focus on developing Scientific Games' business in China. David Kennedy, a vice chairman at the company, will take the newly created position of executive vice chairman. In after-hours trading following the personnel changes, Scientific Games shares gained 15 cents, or 2.2 percent, to $6.87. In the regular session, the stock fell 5 cents to $6.72.
Michael Chambrello, the company's president and CEO, will move into a role as chief executive for the Asia-Pacific region. He will report to Weil, and focus on developing Scientific Games' business in China. David Kennedy, a vice chairman at the company, will take the newly created position of executive vice chairman. In after-hours trading following the personnel changes, Scientific Games shares gained 15 cents, or 2.2 percent, to $6.87. In the regular session, the stock fell 5 cents to $6.72.
3 Things you need to know before Trading Today
*Stocks were mixed in Asian trade, but those that I report on here were all lower. The Nikkei was among the weakest overnight with a decline of 1.9%, Shanghai lost 1.6%, Australia was down three quarters of a percent and the Hang Seng fell two thirds of a percent. European indexes are also mixed, but the Dax is currently higher by 0.2% and the Footsie is essentially unchanged. US stock futures are down about a half percent.
*The Q3 reading of Australia’s Current Account Balance was a larger deficit than expected at A$7.83 billion. It is said that a stronger currency cut into exports in the latest quarter.
*The October reading of Japan’s Jobless Rate rose one tenth to 5.1%, a steady reading was forecast.
*The preliminary October reading of Japan’s Industrial Production fell 1.8% on a month on month basis; a smaller decline than the -3.2% forecast.
*European debt spreads continue to widen out and the euro continues to weaken against most currencies, earlier this morning the dollar/euro traded under 1.3000 for the first time since mid-September and it is not far above that level now, off by about 100 pips on the day.
*The November reading of Germany’s Unemployment Rate was steady at 7.5%, as was expected. The net change in the number of unemployed was -9k, but a drop of 20k was the estimate. The overall Eurozone jobless rate was steady at 10.1%.
*The weekly report on chain store sales from ICSC shows an increase of 0.5% on a week on week basis for the week ended November 27, sales were up 3.5% for the week when compared to the corresponding week from last year. The Johnson Redbook report on the same thing is due out at 7:55am CST.
*The September reading of the Case/Shiller Home Price Index is due out at 8:00am CST, it is expected to be +1.00% on a year over year basis. The November reading of the Chicago Purchasing Managers Index is due out at 8:45am CST, but remember that subscribers get the report three minutes earlier. The Chicago PMI is forecast to be 59.9, down slightly from the 60.6 result in October. The November reading of Consumer Confidence is due out at 9:00am CST, it is expected to be 53.0, it was 50.2 the month before.
*The Fed is scheduled to buy Treasuries today that are due to mature between 12/31/14 and 5/31/16; the results of the operation will be announced just after 10:00am CST.
*There is a smattering of Fed speak on the calendar today, including the chairman. Minneapolis Fed boss Kocherlakota will talk about monetary policy at 11:30am CST; Bernanke is scheduled to hold a “Conversation on the Economy” at 2:00pm CST with business leaders in Ohio; and Richmond Fedster Lacker will take part of a panel discussion on the future of American finance at 6:00pm CST.
*The Q3 reading of Australia’s Current Account Balance was a larger deficit than expected at A$7.83 billion. It is said that a stronger currency cut into exports in the latest quarter.
*The October reading of Japan’s Jobless Rate rose one tenth to 5.1%, a steady reading was forecast.
*The preliminary October reading of Japan’s Industrial Production fell 1.8% on a month on month basis; a smaller decline than the -3.2% forecast.
*European debt spreads continue to widen out and the euro continues to weaken against most currencies, earlier this morning the dollar/euro traded under 1.3000 for the first time since mid-September and it is not far above that level now, off by about 100 pips on the day.
*The November reading of Germany’s Unemployment Rate was steady at 7.5%, as was expected. The net change in the number of unemployed was -9k, but a drop of 20k was the estimate. The overall Eurozone jobless rate was steady at 10.1%.
*The weekly report on chain store sales from ICSC shows an increase of 0.5% on a week on week basis for the week ended November 27, sales were up 3.5% for the week when compared to the corresponding week from last year. The Johnson Redbook report on the same thing is due out at 7:55am CST.
*The September reading of the Case/Shiller Home Price Index is due out at 8:00am CST, it is expected to be +1.00% on a year over year basis. The November reading of the Chicago Purchasing Managers Index is due out at 8:45am CST, but remember that subscribers get the report three minutes earlier. The Chicago PMI is forecast to be 59.9, down slightly from the 60.6 result in October. The November reading of Consumer Confidence is due out at 9:00am CST, it is expected to be 53.0, it was 50.2 the month before.
*The Fed is scheduled to buy Treasuries today that are due to mature between 12/31/14 and 5/31/16; the results of the operation will be announced just after 10:00am CST.
*There is a smattering of Fed speak on the calendar today, including the chairman. Minneapolis Fed boss Kocherlakota will talk about monetary policy at 11:30am CST; Bernanke is scheduled to hold a “Conversation on the Economy” at 2:00pm CST with business leaders in Ohio; and Richmond Fedster Lacker will take part of a panel discussion on the future of American finance at 6:00pm CST.
Cable vs Netflix:: Battle for Eyes
Level 3 Communications Inc., an Internet backbone company that supports Netflix Inc.'s increasingly popular movie streaming service, complained Monday that cable giant Comcast Corp. is charging it an unfair fee for the right to send data to its subscribers. Comcast replied it is being swamped by a flood of data and needs to be paid.
Level 3 said it agreed to pay under protest, but that the fee violates the principles of an "open Internet." It also goes against the Federal Communications Commission's proposed rules preventing broadband Internet providers from favoring certain types of traffic, it said.
"Comcast is effectively putting up a toll booth at the borders of its broadband Internet access network, enabling it to unilaterally decide how much to charge for content," said Level 3's chief legal officer, Thomas Stortz, in a statement.
Comcast called Level 3's position "duplicitous" and said a previous deal for the companies to handle traffic for each other had become unbalanced in Level 3's favor.
The spat reflects the complicated commercial relationships of the Internet, where it's not always clear who should be paying whom.
Level 3's main business is carrying Internet traffic across the country, charging Internet service providers like Comcast fees to connect to Web sites and other ISPs.
However, it is moving into the business of distributing Internet content such as movies for companies including Netflix. Under that business model, it is acting like a content-delivery network, which usually pays ISPs for fast access to their networks.
Level 3, which is based in Broomfield, Colo., is now pushing to Comcast five times the traffic that goes the other way.
"When one provider exploits this type of relationship by pushing the burden of massive traffic growth onto the other provider and its customers, we believe this is not fair," Comcast's senior vice president Joe Waz said in a statement.
The dispute comes at a sensitive time for Comcast Corp., which is trying to get regulatory clearance to buy majority control of NBC Universal from General Electric Co. for cash and assets worth $13.75 billion.
The government is examining the deal, especially around concerns that the nation's largest cable TV provider could wield undue power in the distribution of online video once it takes control.
Level 3 said Comcast made a take-it-or-leave-it demand last week and it only agreed to the terms under protest to prevent consumer disruptions. Comcast said it is meeting with Level 3 later this week to discuss a new solution.
The fight is related to a heated policy dispute in Washington over proposed rules governing Internet traffic.
FCC Chairman Julius Genachowski has been pushing to adopt so-called "network neutrality" rules for more than a year, arguing that they are necessary to prevent phone and cable giants from using their broadband monopolies to become online gatekeepers.
Public interest groups were quick to jump on Level 3's complaint Monday to argue that premium services should not be allowed.
"Comcast's request of payment in exchange for content transmission is yet another example of why citizens need strong, effective network neutrality rules that include a ban on such 'paid prioritization' practices," Andrew Jay Schwartzman, senior vice president of Media Access Project, said in a statement.
The FCC had no comment. It's not the first time Comcast, which is based in Philadelphia, has been accused of unfairly regulating Web traffic. In 2008, the FCC ordered the cable giant to stop slowing and blocking its subscribers from accessing an online file-sharing service called BitTorrent, which lets people swap movies and other big files over the Internet. For Netflix, the dustup could affect its popular video-streaming offering, to which it is pushing customers to save on the cost of sending rental DVDs in the mail. Netflix declined to comment. Starting next year, Level 3 will become Netflix's primary network for piping Internet video, although Netflix also will continue to rely on systems run by Limelight Networks Inc. and Akamai Technologies Inc. If Level 3 is forced to pay more to send movies to homes that rely on Comcast for Internet service, it eventually could try to pass on the costs to Netflix and its subscribers. As more of its 17 million subscribers embrace Internet streaming, Netflix's service has emerged as the biggest source of Internet traffic in the U.S. during peak evening periods, according to a recent study by Sandvine Inc
Level 3 said it agreed to pay under protest, but that the fee violates the principles of an "open Internet." It also goes against the Federal Communications Commission's proposed rules preventing broadband Internet providers from favoring certain types of traffic, it said.
"Comcast is effectively putting up a toll booth at the borders of its broadband Internet access network, enabling it to unilaterally decide how much to charge for content," said Level 3's chief legal officer, Thomas Stortz, in a statement.
Comcast called Level 3's position "duplicitous" and said a previous deal for the companies to handle traffic for each other had become unbalanced in Level 3's favor.
The spat reflects the complicated commercial relationships of the Internet, where it's not always clear who should be paying whom.
Level 3's main business is carrying Internet traffic across the country, charging Internet service providers like Comcast fees to connect to Web sites and other ISPs.
However, it is moving into the business of distributing Internet content such as movies for companies including Netflix. Under that business model, it is acting like a content-delivery network, which usually pays ISPs for fast access to their networks.
Level 3, which is based in Broomfield, Colo., is now pushing to Comcast five times the traffic that goes the other way.
"When one provider exploits this type of relationship by pushing the burden of massive traffic growth onto the other provider and its customers, we believe this is not fair," Comcast's senior vice president Joe Waz said in a statement.
The dispute comes at a sensitive time for Comcast Corp., which is trying to get regulatory clearance to buy majority control of NBC Universal from General Electric Co. for cash and assets worth $13.75 billion.
The government is examining the deal, especially around concerns that the nation's largest cable TV provider could wield undue power in the distribution of online video once it takes control.
Level 3 said Comcast made a take-it-or-leave-it demand last week and it only agreed to the terms under protest to prevent consumer disruptions. Comcast said it is meeting with Level 3 later this week to discuss a new solution.
The fight is related to a heated policy dispute in Washington over proposed rules governing Internet traffic.
FCC Chairman Julius Genachowski has been pushing to adopt so-called "network neutrality" rules for more than a year, arguing that they are necessary to prevent phone and cable giants from using their broadband monopolies to become online gatekeepers.
Public interest groups were quick to jump on Level 3's complaint Monday to argue that premium services should not be allowed.
"Comcast's request of payment in exchange for content transmission is yet another example of why citizens need strong, effective network neutrality rules that include a ban on such 'paid prioritization' practices," Andrew Jay Schwartzman, senior vice president of Media Access Project, said in a statement.
The FCC had no comment. It's not the first time Comcast, which is based in Philadelphia, has been accused of unfairly regulating Web traffic. In 2008, the FCC ordered the cable giant to stop slowing and blocking its subscribers from accessing an online file-sharing service called BitTorrent, which lets people swap movies and other big files over the Internet. For Netflix, the dustup could affect its popular video-streaming offering, to which it is pushing customers to save on the cost of sending rental DVDs in the mail. Netflix declined to comment. Starting next year, Level 3 will become Netflix's primary network for piping Internet video, although Netflix also will continue to rely on systems run by Limelight Networks Inc. and Akamai Technologies Inc. If Level 3 is forced to pay more to send movies to homes that rely on Comcast for Internet service, it eventually could try to pass on the costs to Netflix and its subscribers. As more of its 17 million subscribers embrace Internet streaming, Netflix's service has emerged as the biggest source of Internet traffic in the U.S. during peak evening periods, according to a recent study by Sandvine Inc
Monday, November 29, 2010
Causeway Entertainment (PINK:CIST) Volume Spikes on Grass Roots Report
Causeway Entertainment (PINK:CIST) shares were among the volume leaders from the SmallCap space today after announcing new research report earlier today. In late trading, the stock was up 6 percent at just under 3 cents per share on heavy volume of more than 2 million shares compared to its average daily volume of only 190,000 shares. Causeway Entertainment has a market cap of $1.3 million and a 52-week range between $0.01 and $1.04 per share.
Causeway Entertainment, through its wholly owned subsidiary Cage Wars Championship Ltd. (CWC), provides a diverse range of Mixed Martial Arts (MMA) products to international consumer groups. The Company has been operational for the last 10 years and has a loyal client base and an experienced management team.
The Company expects to generate revenue from multiple sources including live events, TV and Digital media, Merchandise and Athlete management. MMA is the fast growing sport, internationally, as is valued as a billion dollar industry. Causeway Entertainment intends to leverage its established brand equity to capitalize on the robust growth in the MMA market.
The Company is operationally organized under four revenue generating divisions: Cage Wars Live (MMA events), Cage Wars TV and Digital (television rights, advertising), Cage Wars Merchandise and Cage Wars Athlete Management.
Grass Roots Research projects revenues of approximately $117,000 in 2010 and $16.7 million in 2014. Margins are likely to expand as the Company gains popularity and is able to sell event associated merchandize and media content. Grass Roots Research expects the Company to be cash flow positive from the third year of operations. These figures assume funding requirements of $1.3 million in the 2010-2011 and $1.0 million in 2012.
Disclaimer: The following news is paid for and /or published as information only for our readers. A non-controlling third party, Trinity International, LLC has paid five thousand five hundred dollars for CIST to be featured on PennyPayday.com and its portals and blogs. PennyPayday.com is a third party publisher of news and research.Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Please read and fully understand our entire disclaimer at PennyPayday Disclaimer.
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Voltaire (NASDAQ:VOLT): Mellanox Pays $8.75 + 35%
Mellanox Tech. said Monday it has agreed to buy Voltaire Ltd. for $218 million in a deal aimed at broadening its offerings for the data storage market. That industry has seen an uptick in acquisitions over the past year or so as tech firms compete to help companies and government agencies with a huge increase in digital information. EMC bought Data Domain for $2.1 billion last summer. Hewlett-Packard CO. spent $1.5 billion on 3Par Inc. in August. And IBM Corp. bought Netezza for $1.7 billion in September.
Mellanox said it will buy Voltaire for $8.75 per share, or $218 million. That's a premium of about 36 percent over Voltaire's closing share price of $6.43 on Friday. Excluding cash on Voltaire's books, the price comes out to about $176 million. The combined business will have about 700 employees and annual revenue of about $217 million. Both companies are based in Israel. Mellanox, which also has headquarters in Sunnyvale, Calif., said the deal will add about 2 cents to 5 cents to its earnings for fiscal 2011 and lead to savings of at least $10 million by the end of 2012. Voltaire also has a U.S. headquarters in Chelmsford, Mass.
Mellanox said it will buy Voltaire for $8.75 per share, or $218 million. That's a premium of about 36 percent over Voltaire's closing share price of $6.43 on Friday. Excluding cash on Voltaire's books, the price comes out to about $176 million. The combined business will have about 700 employees and annual revenue of about $217 million. Both companies are based in Israel. Mellanox, which also has headquarters in Sunnyvale, Calif., said the deal will add about 2 cents to 5 cents to its earnings for fiscal 2011 and lead to savings of at least $10 million by the end of 2012. Voltaire also has a U.S. headquarters in Chelmsford, Mass.
Solar Park (OTC:SOPV) Volume Spikes on News and E-mail Promotion
Solar Park Initiatives, Inc. (OTC:SOPV), a Florida-based solar energy company dedicated to utility and commercial solar park developments in North America, announced that it has signed a Joint Venture Agreement with a Canadian company that is focused on renewable energy project developments.
Shares of Solar Park were very active today jumping more than 8 percent to $0.39 per share on heavy volume of nearly 450,000 shares compared to its average daily volume of only 124,000 shares. Solar Park has fresh press today along with an e-mail campaign (initiated by a non-affiliated third party) that has provided a nice spike to the Company’s volume. Solar Park has a market cap of $320 million and a 52-week range between $0.30 and $0.56 per share.
The partner company is involved in a plethora of renewable energy technologies to produce clean energy including solar power, wind power, hydro energy generation, biofuels and other bio-mass based generation facilities, and is working on next generation recycling systems. Solar Park Initiatives will bring its established engineering, manufacturing, and financial resources to the partnership which will assist in the development of the partner company's planned solar farm and renewable energy projects. The name of the Joint Venture company will be announced upon the finalizing of the contracts.
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will attempt to sell the resultant electrical production to various utilities and large commercial entities through a Power Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to those users of energy.
Market Sinks: Euro Debt Issues Boost Dollar
The link between lower US stocks and a rising dollar continued today as we returned from Thanksgiving, this volatility and gapping has gone on since last week and is expected thru year end as investors focus on macro issues versus corporate balance sheets.
Stocks fell sharply in early trading Monday as concerns about the European debt crisis took the edge off a strong weekend of holiday sales. The euro fell to a two-month low and investors flocked to the safety of the dollar and U.S. Treasurys after the European Union signed an agreement Sunday to provide nearly $90 billion in rescue loans for Ireland.
The move is designed to shore up Ireland's cash-strapped banks, but it does little to relieve investors' concerns about other European countries, including Portugal and Spain. "The good news is they're making progress with Ireland," said Alan Gayle, senior investment strategist for RidgeWorth Investments. "The concern is that there is more work left to do for the EU going forward."
As a result, traders largely ignored the upbeat news on holiday retail sales in the U.S. The National Retail Federation, a trade group, estimated that 212 million shoppers visited stores and websites during the first weekend of the holiday season, up from 195 million last year.
Online spending also rose more than 14 percent from Thanksgiving Day through Saturday, according to IBM's Coremetrics. A fuller picture on spending will come Thursday when retailers report their November revenue.
Investors have been hoping that consumers, who have generally been spending cautiously since the recession, would feel more comfortable about shopping during the holidays. Many economists believe that consumers will have to spend more freely for the economy to put together a stronger recovery. However it's too soon to tell if sales will remain strong through Christmas.
The Dow Jones industrial average fell 114.74 points, or 1 percent, to 10,977.26 in late morning trading. Twenty-seven of the 30 stocks in the average fell. It was the first time since last Tuesday that the Dow surrendered the 11,000 level in intraday trading. The Standard & Poor's 500 index fell 9.75, or 1 percent, to 1,179.65. Nine of the 10 industries in the S&P 500 fell. Financial stocks eked out a minor gain, rising 0.1 percent. The technology-heavy Nasdaq composite index dropped 26.03, or 1 percent, to 2,509.11 European stocks also traded sharply lower. In London, the FTSE 100 index was down 1.6 percent. Germany's DAX fell 1.8 percent. The CAC-40 index in France fell 1.8 percent.
Oil prices rose $1.03 to $84.78 a barrel. Gold for February delivery rose $1.60, or 0.1 percent, to $1,365.80 an ounce.The dollar rose 0.8 percent against an index of six other currencies. Bond prices rose as investors shifted money out of riskier assets like stocks and commodities and into defensive investments. The yield on the 10-year Treasury note, which moves opposite its price, fell to 2.86 percent Monday from 2.87 percent Friday.
Investors were also cautious as they awaited the week's economic reports, including the government's monthly employment report due out on Friday. Also due this week are the Conference Board's survey of consumer confidence on Tuesday, and the Institute for Supply Management's assessments of the manufacturing and services industries.
Stocks fell sharply in early trading Monday as concerns about the European debt crisis took the edge off a strong weekend of holiday sales. The euro fell to a two-month low and investors flocked to the safety of the dollar and U.S. Treasurys after the European Union signed an agreement Sunday to provide nearly $90 billion in rescue loans for Ireland.
The move is designed to shore up Ireland's cash-strapped banks, but it does little to relieve investors' concerns about other European countries, including Portugal and Spain. "The good news is they're making progress with Ireland," said Alan Gayle, senior investment strategist for RidgeWorth Investments. "The concern is that there is more work left to do for the EU going forward."
As a result, traders largely ignored the upbeat news on holiday retail sales in the U.S. The National Retail Federation, a trade group, estimated that 212 million shoppers visited stores and websites during the first weekend of the holiday season, up from 195 million last year.
Online spending also rose more than 14 percent from Thanksgiving Day through Saturday, according to IBM's Coremetrics. A fuller picture on spending will come Thursday when retailers report their November revenue.
Investors have been hoping that consumers, who have generally been spending cautiously since the recession, would feel more comfortable about shopping during the holidays. Many economists believe that consumers will have to spend more freely for the economy to put together a stronger recovery. However it's too soon to tell if sales will remain strong through Christmas.
The Dow Jones industrial average fell 114.74 points, or 1 percent, to 10,977.26 in late morning trading. Twenty-seven of the 30 stocks in the average fell. It was the first time since last Tuesday that the Dow surrendered the 11,000 level in intraday trading. The Standard & Poor's 500 index fell 9.75, or 1 percent, to 1,179.65. Nine of the 10 industries in the S&P 500 fell. Financial stocks eked out a minor gain, rising 0.1 percent. The technology-heavy Nasdaq composite index dropped 26.03, or 1 percent, to 2,509.11 European stocks also traded sharply lower. In London, the FTSE 100 index was down 1.6 percent. Germany's DAX fell 1.8 percent. The CAC-40 index in France fell 1.8 percent.
Oil prices rose $1.03 to $84.78 a barrel. Gold for February delivery rose $1.60, or 0.1 percent, to $1,365.80 an ounce.The dollar rose 0.8 percent against an index of six other currencies. Bond prices rose as investors shifted money out of riskier assets like stocks and commodities and into defensive investments. The yield on the 10-year Treasury note, which moves opposite its price, fell to 2.86 percent Monday from 2.87 percent Friday.
Investors were also cautious as they awaited the week's economic reports, including the government's monthly employment report due out on Friday. Also due this week are the Conference Board's survey of consumer confidence on Tuesday, and the Institute for Supply Management's assessments of the manufacturing and services industries.
Market Sinks: Euro Debt Issues Boost Dollar
The link between lower US stocks and a rising dollar continued today as we returned form Thanksgiving, this volatility and gapping has gone on since last week and is expected thru year end as investors focus on macro issues versus corporate balance sheets.
Stocks fell sharply in early trading Monday as concerns about the European debt crisis took the edge off a strong weekend of holiday sales. The euro fell to a two-month low and investors flocked to the safety of the dollar and U.S. Treasurys after the European Union signed an agreement Sunday to provide nearly $90 billion in rescue loans for Ireland.
The move is designed to shore up Ireland's cash-strapped banks, but it does little to relieve investors' concerns about other European countries, including Portugal and Spain. "The good news is they're making progress with Ireland," said Alan Gayle, senior investment strategist for RidgeWorth Investments. "The concern is that there is more work left to do for the EU going forward."
As a result, traders largely ignored the upbeat news on holiday retail sales in the U.S. The National Retail Federation, a trade group, estimated that 212 million shoppers visited stores and websites during the first weekend of the holiday season, up from 195 million last year.
Online spending also rose more than 14 percent from Thanksgiving Day through Saturday, according to IBM's Coremetrics. A fuller picture on spending will come Thursday when retailers report their November revenue.
Investors have been hoping that consumers, who have generally been spending cautiously since the recession, would feel more comfortable about shopping during the holidays. Many economists believe that consumers will have to spend more freely for the economy to put together a stronger recovery. However it's too soon to tell if sales will remain strong through Christmas.
The Dow Jones industrial average fell 114.74 points, or 1 percent, to 10,977.26 in late morning trading. Twenty-seven of the 30 stocks in the average fell. It was the first time since last Tuesday that the Dow surrendered the 11,000 level in intraday trading. The Standard & Poor's 500 index fell 9.75, or 1 percent, to 1,179.65. Nine of the 10 industries in the S&P 500 fell. Financial stocks eked out a minor gain, rising 0.1 percent. The technology-heavy Nasdaq composite index dropped 26.03, or 1 percent, to 2,509.11 European stocks also traded sharply lower. In London, the FTSE 100 index was down 1.6 percent. Germany's DAX fell 1.8 percent. The CAC-40 index in France fell 1.8 percent.
Oil prices rose $1.03 to $84.78 a barrel. Gold for February delivery rose $1.60, or 0.1 percent, to $1,365.80 an ounce.The dollar rose 0.8 percent against an index of six other currencies. Bond prices rose as investors shifted money out of riskier assets like stocks and commodities and into defensive investments. The yield on the 10-year Treasury note, which moves opposite its price, fell to 2.86 percent Monday from 2.87 percent Friday.
Investors were also cautious as they awaited the week's economic reports, including the government's monthly employment report due out on Friday. Also due this week are the Conference Board's survey of consumer confidence on Tuesday, and the Institute for Supply Management's assessments of the manufacturing and services industries.
Stocks fell sharply in early trading Monday as concerns about the European debt crisis took the edge off a strong weekend of holiday sales. The euro fell to a two-month low and investors flocked to the safety of the dollar and U.S. Treasurys after the European Union signed an agreement Sunday to provide nearly $90 billion in rescue loans for Ireland.
The move is designed to shore up Ireland's cash-strapped banks, but it does little to relieve investors' concerns about other European countries, including Portugal and Spain. "The good news is they're making progress with Ireland," said Alan Gayle, senior investment strategist for RidgeWorth Investments. "The concern is that there is more work left to do for the EU going forward."
As a result, traders largely ignored the upbeat news on holiday retail sales in the U.S. The National Retail Federation, a trade group, estimated that 212 million shoppers visited stores and websites during the first weekend of the holiday season, up from 195 million last year.
Online spending also rose more than 14 percent from Thanksgiving Day through Saturday, according to IBM's Coremetrics. A fuller picture on spending will come Thursday when retailers report their November revenue.
Investors have been hoping that consumers, who have generally been spending cautiously since the recession, would feel more comfortable about shopping during the holidays. Many economists believe that consumers will have to spend more freely for the economy to put together a stronger recovery. However it's too soon to tell if sales will remain strong through Christmas.
The Dow Jones industrial average fell 114.74 points, or 1 percent, to 10,977.26 in late morning trading. Twenty-seven of the 30 stocks in the average fell. It was the first time since last Tuesday that the Dow surrendered the 11,000 level in intraday trading. The Standard & Poor's 500 index fell 9.75, or 1 percent, to 1,179.65. Nine of the 10 industries in the S&P 500 fell. Financial stocks eked out a minor gain, rising 0.1 percent. The technology-heavy Nasdaq composite index dropped 26.03, or 1 percent, to 2,509.11 European stocks also traded sharply lower. In London, the FTSE 100 index was down 1.6 percent. Germany's DAX fell 1.8 percent. The CAC-40 index in France fell 1.8 percent.
Oil prices rose $1.03 to $84.78 a barrel. Gold for February delivery rose $1.60, or 0.1 percent, to $1,365.80 an ounce.The dollar rose 0.8 percent against an index of six other currencies. Bond prices rose as investors shifted money out of riskier assets like stocks and commodities and into defensive investments. The yield on the 10-year Treasury note, which moves opposite its price, fell to 2.86 percent Monday from 2.87 percent Friday.
Investors were also cautious as they awaited the week's economic reports, including the government's monthly employment report due out on Friday. Also due this week are the Conference Board's survey of consumer confidence on Tuesday, and the Institute for Supply Management's assessments of the manufacturing and services industries.
Microsoft TV Coming Soon to an Xbox Near You
Microsoft Corp (NasdaqGS:MSFT) has held talks with media companies to license TV networks for a new online pay-television subscription service through devices such as its Xbox video game console, two people familiar with the plans told Reuters.
The software giant's possible push into the television business comes as Google Inc (NasdaqGS:GOOG), Apple Inc (NasdaqGS:AAPL) and Netflix have jostled for a seat at the table of television's future -- a main topic of discussion at the Reuters Global Media Summit to be held this week.
The maker of the Windows operating system has proposed a range of possibilities in these early talks including creating a "virtual cable operator" delivered over the Internet for which users pay a monthly fee.
Other options include using the Xbox to authenticate existing cable subscribers to watch shows with enhanced interactivity similar to how pay TV operators have sought to do over the Web, said these people.
Microsoft is also exploring the possibility of creating content silos and selling more individual channels directly such as an HBO or Showtime. It already has Walt Disney Co's (NYSE:DIS) ESPN on the XBox Live online service for example.
These people said a service may not arrive for another 12 months, but early discussions have been productive.
Microsoft said it does not comment on rumor or speculation. The people involved in the talks asked not to identified as the discussions were confidential.
News of Microsoft's plans come as the pay-television industry has sought to allay investor concerns that consumers are fleeing expensive subscription packages for cheaper online services operated by companies such as Netflix Inc (NasdaqGS:NFLX) and Hulu, which both charge $7.99 per month for streamed shows and movies. The phenomenon is called "cord-cutting."
The worry is that so-called over-the-top services could undermine the lucrative cable TV industry, whose dual-revenue stream model -- cable networks such as ESPN are paid carriage fees by pay TV operators and also earn revenue from advertisers -- has made pay-TV one of the most resilient sectors during the economic recession.
But programmers would welcome new types of competition to the cable and satellite companies, senior media executives said.
"We think the more competition the better, we will price and package it in such a way that we still make the dual revenue stream," said one of the people who spoke to Reuters. "We could probably charge more for interactive advertising."
Microsoft has long held ambitions to be a major player in the TV business and has previously invested in interactive television initiatives including Web TV and MSN TV set-top box software.
Its latest plans include offering interactivity to engage viewers through social media, interactive advertising and motion control technology, say people who have seen early demonstrations.
Microsoft has bet on new "gesture" technology that lets users of its Xbox, who buy a camera accessory called the Kinect, control on-screen functions using voice to launch channels and waving arms to fast-forward or rewind videos on ESPN.
The Redmond, Washington, company is said to be mulling feedback it has received from programmers including the expense of such a plan but it is not likely to roll out a service in the next 12 months, said one person.
The market to determine the future of television distribution and technology has accelerated over the past year.
Google has already launched Google TV, an enhanced Web-TV service with partners including Sony Corp (Tokyo:6758.T) televisions and Logitech set-top boxes. While Google has also announced Time Warner Inc's (NYSE:TWX) Turner Networks as a programing partner, it is not yet planning to offer a full suite of cable networks in the near future.
Apple has also held talks with programmers, but faced resistance industry-wide over its plans to offer a lower-cost subscription TV plan, people familiar with the talks have said. Apple has begun to offer 99-cent TV show rentals for a limited number shows through News Corp's (NasdaqGS:NWSA) Fox and Disney.
The software giant's possible push into the television business comes as Google Inc (NasdaqGS:GOOG), Apple Inc (NasdaqGS:AAPL) and Netflix have jostled for a seat at the table of television's future -- a main topic of discussion at the Reuters Global Media Summit to be held this week.
The maker of the Windows operating system has proposed a range of possibilities in these early talks including creating a "virtual cable operator" delivered over the Internet for which users pay a monthly fee.
Other options include using the Xbox to authenticate existing cable subscribers to watch shows with enhanced interactivity similar to how pay TV operators have sought to do over the Web, said these people.
Microsoft is also exploring the possibility of creating content silos and selling more individual channels directly such as an HBO or Showtime. It already has Walt Disney Co's (NYSE:DIS) ESPN on the XBox Live online service for example.
These people said a service may not arrive for another 12 months, but early discussions have been productive.
Microsoft said it does not comment on rumor or speculation. The people involved in the talks asked not to identified as the discussions were confidential.
News of Microsoft's plans come as the pay-television industry has sought to allay investor concerns that consumers are fleeing expensive subscription packages for cheaper online services operated by companies such as Netflix Inc (NasdaqGS:NFLX) and Hulu, which both charge $7.99 per month for streamed shows and movies. The phenomenon is called "cord-cutting."
The worry is that so-called over-the-top services could undermine the lucrative cable TV industry, whose dual-revenue stream model -- cable networks such as ESPN are paid carriage fees by pay TV operators and also earn revenue from advertisers -- has made pay-TV one of the most resilient sectors during the economic recession.
But programmers would welcome new types of competition to the cable and satellite companies, senior media executives said.
"We think the more competition the better, we will price and package it in such a way that we still make the dual revenue stream," said one of the people who spoke to Reuters. "We could probably charge more for interactive advertising."
Microsoft has long held ambitions to be a major player in the TV business and has previously invested in interactive television initiatives including Web TV and MSN TV set-top box software.
Its latest plans include offering interactivity to engage viewers through social media, interactive advertising and motion control technology, say people who have seen early demonstrations.
Microsoft has bet on new "gesture" technology that lets users of its Xbox, who buy a camera accessory called the Kinect, control on-screen functions using voice to launch channels and waving arms to fast-forward or rewind videos on ESPN.
The Redmond, Washington, company is said to be mulling feedback it has received from programmers including the expense of such a plan but it is not likely to roll out a service in the next 12 months, said one person.
The market to determine the future of television distribution and technology has accelerated over the past year.
Google has already launched Google TV, an enhanced Web-TV service with partners including Sony Corp (Tokyo:6758.T) televisions and Logitech set-top boxes. While Google has also announced Time Warner Inc's (NYSE:TWX) Turner Networks as a programing partner, it is not yet planning to offer a full suite of cable networks in the near future.
Apple has also held talks with programmers, but faced resistance industry-wide over its plans to offer a lower-cost subscription TV plan, people familiar with the talks have said. Apple has begun to offer 99-cent TV show rentals for a limited number shows through News Corp's (NasdaqGS:NWSA) Fox and Disney.
Shares of Amarin (AMRN) Launch on Phase III Triglyceride Trial Data
Amarin Corporation PLC announced news early this morning that positive, statistically significant data has been received from its MARINE study with its lead drug candidate, AMR101. This study, the largest controlled therapeutic trial ever from patients with very high triglycerides, which is being performed in accordance with SPA (Special Protocol Assessment) with the U.S. Food and Drug Administration, has met its primary efficacy endpoints as defined in the clinical trial protocol.
For those not fully aware of what triglycerides are and what they do, the long and short of it is as follows. Triglycerides are a type of fat found in your blood. Your body uses them for energy, but too many triglycerides can raise the risk of heart disease and are often associated with metabolic syndrome, which is a combination of high blood pressure, high blood sugar, low HDL (“good”) cholesterol and high triglycerides. Normal triglyceride levels are less than 150 mg/dL (milligrams per deciliter). Very high levels are in excess of 500 mg/dL. High triglycerides typically do not cause symptoms, but are brought on by other conditions such as obesity, an underactive thyroid, kidney disease, poorly controlled diabetes or alcohol abuse, amongst other things.
Amarin’s trials are based on patients with triglyceride levels in the “very high” category, meaning levels in excess of 500 mg/dL. The baseline levels for the different groups in the trials were significantly higher than the 500 marker. The study's primary endpoint, the percent change in triglyceride (TG) levels from baseline to week 12, was met for both the 4 gram and 2 gram dose groups. The MARINE study was required to meet a stringent level of statistical significance of 1% (p < 0.01), as agreed in the Company's SPA with the FDA.
Not only did the patients treated with AMR101 see a decrease in triglyceride levels, but also very notable was that there was not an increase in median LDL-C compared to placebo at either dose (-2.3% for the 4 gram group and +5.2% for the 2 gram group [p=NS]). LDL is a class of plasma lipoproteins that transport cholesterol to extrahepatic tissues, in which high levels have been correlated with premature coronary heart disease. This is the first and only triglyceride-lowering therapy studied in this population with very high triglyceride levels to show a lack of elevation in LDL-C. In fact, there was a statistically significant decrease in median non-HDL-C (total cholesterol less "good cholesterol") compared to placebo with both of the AMR101 treated groups (-18% for the 4 gram group [p < 0.001] and -8% for the 2 gram group [p < 0.05]).
Due to the promising data and the significant are of unmet need in pharmaceutics to treat high triglycerides, Amarin feels that it is well-positioned with AMR101 to provide the best-in-class product for this indication and that the MARINE study results may support additional patentable claims that could further protect the Company's rights to this product through 2030. Amarin intends to file a NDA (New Drug Application for AMR101 in 2011 in attempt to bring the new drug to market.
Shares of AMRN are trading up 60.57% to $5.70 this morning on extremely high volume with over 14 million shares traded already today.
More information on Amarin and its drugs in development can be found on the Company’s website at www.amarincorp.com.
For those not fully aware of what triglycerides are and what they do, the long and short of it is as follows. Triglycerides are a type of fat found in your blood. Your body uses them for energy, but too many triglycerides can raise the risk of heart disease and are often associated with metabolic syndrome, which is a combination of high blood pressure, high blood sugar, low HDL (“good”) cholesterol and high triglycerides. Normal triglyceride levels are less than 150 mg/dL (milligrams per deciliter). Very high levels are in excess of 500 mg/dL. High triglycerides typically do not cause symptoms, but are brought on by other conditions such as obesity, an underactive thyroid, kidney disease, poorly controlled diabetes or alcohol abuse, amongst other things.
Amarin’s trials are based on patients with triglyceride levels in the “very high” category, meaning levels in excess of 500 mg/dL. The baseline levels for the different groups in the trials were significantly higher than the 500 marker. The study's primary endpoint, the percent change in triglyceride (TG) levels from baseline to week 12, was met for both the 4 gram and 2 gram dose groups. The MARINE study was required to meet a stringent level of statistical significance of 1% (p < 0.01), as agreed in the Company's SPA with the FDA.
Not only did the patients treated with AMR101 see a decrease in triglyceride levels, but also very notable was that there was not an increase in median LDL-C compared to placebo at either dose (-2.3% for the 4 gram group and +5.2% for the 2 gram group [p=NS]). LDL is a class of plasma lipoproteins that transport cholesterol to extrahepatic tissues, in which high levels have been correlated with premature coronary heart disease. This is the first and only triglyceride-lowering therapy studied in this population with very high triglyceride levels to show a lack of elevation in LDL-C. In fact, there was a statistically significant decrease in median non-HDL-C (total cholesterol less "good cholesterol") compared to placebo with both of the AMR101 treated groups (-18% for the 4 gram group [p < 0.001] and -8% for the 2 gram group [p < 0.05]).
Due to the promising data and the significant are of unmet need in pharmaceutics to treat high triglycerides, Amarin feels that it is well-positioned with AMR101 to provide the best-in-class product for this indication and that the MARINE study results may support additional patentable claims that could further protect the Company's rights to this product through 2030. Amarin intends to file a NDA (New Drug Application for AMR101 in 2011 in attempt to bring the new drug to market.
Shares of AMRN are trading up 60.57% to $5.70 this morning on extremely high volume with over 14 million shares traded already today.
More information on Amarin and its drugs in development can be found on the Company’s website at www.amarincorp.com.
Horizon Lines, Inc. (HRZ) Technical Stock Trading Video Chart
Today Penny Payday brings you a video chart for Horizon Lines Inc. (HRZ), a NYSE company and one of many you can find at Pennypayday.com
Stocks to Watch
Energy stocks were trading in the red before the market open Monday.
BP was falling 1.5% to $40.31 after it announced plans to sell a stake in an Argentina asset in order to help pay for the costs of the Gulf of Mexico oil spill.
Royal Dutch Shell was lower by 1.1% to $61.53. According to The Wall Street Journal, a U.S. subsidiary of the company is putting its South Texas gas fields up for sale.
Amarin was soaring by 11.8% to $3.97 as the drug company reported positive results from a phase III clinical trial of its drug AMR101 for patients with high fatty acid levels.
Shares of Amazon rose 0.6% to $178.23 in premarket trading as retailers kicked off "Cyber Monday," offering online shoppers free shipping and deep discounts.
The day occurs the Monday after Thanksgiving and "Black Friday," the traditional first day of the holiday shopping season.
According to Reuters, Web tracking firm comScore says shoppers could spend about $900 million on Monday.
With its Kindle reading device as one of the main attractions, Amazon is expected to benefit greatly from Cyber Monday.
Internet auctioneer eBay rose 0.5% to $31.01 in premarket trading.
Shares of retailer Target were flat at $56.90. Wal-Mart shares were rising by 0.4% to $53.94.
On Monday, Wal-Mart said it offered to buy South Africa's Massmart Holding for about $20.78, or $2 billion.
Royal Bank of Scotland was lower by 0.2% to $12.05 in premarket trading, while Barclays was down 0.5% to $16.23 as the market weighed how big a role the European Union's rescue plan would play in helping Ireland's ailing financial sector.
Friday, November 26, 2010
StarTech, Inc (SRT) Technical Stock Trading Video Chart
Today Penny Payday brings you a video chart for StarTech, Inc (SRT), a NYSE company and one of many you can find at Pennypayday.com
It's All About Preet: Holiday Hammer Comes Down
Preet Bharara was a newly appointed U.S. attorney when he added his own twist to a signature Hollywood line to put Wall Street on notice. "Sometimes," he said in touting a massive securities case, "greed is not good."
A year later, Bharara hasn't let up in his pursuit of real-life Gordon Gekkos.
Making broad use of wiretaps -- routine in mob and drug cases, but groundbreaking in white-collar probes -- the Manhattan prosecutor has widened an investigation of hedge funds and other financial institutions suspected of insider trading. The latest arrest came Wednesday, the same day a judge rejected a defense challenge to the wiretap tactic.
Amid the crackdown, the 42-year-old Bharara has displayed a trademark tenacity tempered by humility -- a combination that's won admirers inside and outside the nation's largest U.S. attorney's office.
"I think he really does appreciate the power of the office and he's not going to waste it," said Eric Snyder, who has worked at a Washington law firm since leaving the New York office in June. "There's outrage out there. He represents the people and he's going to react to what people are outraged by."
Born in Ferozepur, India, Bharara immigrated with his parents to the United States in 1970 as an infant. He spent his childhood in Monmouth County, N.J., and came away a fan of local hero Bruce Springsteen.
He graduated from Harvard in 1990 and Columbia Law School in 1993, and worked in private practice until 2000, when he became an assistant U.S. attorney in Manhattan. Five years later, he became U.S. Sen. Charles Schumer's chief counsel, helping to lead the investigation into the firings of nine U.S. attorneys under President George W. Bush.
Bill Burck, a former federal prosecutor himself in Manhattan who worked as Bush's deputy White House counsel while Bharara was investigating the firings of prosecutors, said Bharara "comes across as extremely professional and apolitical. He's viewed by Republicans as a very fair-minded guy who is not motivated by partisanship."
Burck said Bharara's likability stems partly from his sharp wit.
"He's one of the funniest people you'll ever meet. He disarms people with his humor and is very self-deprecating. That combination is extremely effective," he said. Publicly, Bharara goes out of way to credit his 200 assistant prosecutors for a string of recent successes. Behind the scene, he's shown them his sense of humor by putting together a self-deprecating video montage of news broadcasters' tortured pronunciations of his name. (It's bah-RAHR'-ah.)
A review of his speeches and his remarks at his swearing-in reception in the Manhattan federal courthouse also revealed a deep devotion to family. During the swearing in, he choked up as he told about his father's sacrifices, which included living in a small Indian village home that lacked basic plumbing and coming to America with only a few dollars in his pocket.
"He will never be more proud of me than I am of him," he said as his family, including his father, watched.
Seconds later, he vowed to honor the obligations of his new job, including to resign, if necessary, over principle; to resist even overwhelming public pressure to do the wrong thing; to banish politics from deliberation and decision-making; to admit mistakes, even if they are embarrassing; to view defendants and victims alike with dignity and self-worth; and to value fairness over cleverness and justice over victory.
He also warned the prosecutors he leads that they might get to know his three children on Halloween.
"They will be coming to ask you for candy," he said. "Lots of candy."
In the year since, he's led the continuing probe of the collapse of Bernard Madoff's multibillion-dollar Ponzi scheme and the prosecution of the Times Square bomber and the first trial of a Guantanamo detainee, along with numerous white-collar cases. With great fanfare -- including the nod to the "Wall Street" movie franchise starring Michael Douglas as Gekko, a no-holds-barred financier -- Bharara announced in October 2009 the prosecution of what he called the largest hedge fund insider trading scheme in history.
Since then, 14 of the 23 people arrested in the probe have pleaded guilty, with many of them cooperating. The investigation has led in many ways to the new insider trading probe, an outgrowth Bharara had forecast that day when he said, "Today, tomorrow, next week, the week after, privileged Wall Street insiders who are considering breaking the law will have to ask themselves one important question: Is law enforcement listening?"
Deputy U.S. Attorney Boyd Johnson said he admires his boss and close friend for the personal touch he brings to the job.
"He spends a lot of time walking the halls late at night, on the weekends, speaking to the prosecutors about their cases and their lives," Johnson said. Yet, he added: "He doesn't have a very high opinion of himself. He's a confident guy but self-deprecating. He jokes around with the assistants a lot, which I think they enjoy and appreciate."
Burck said he is confident the attention Bharara is getting will not affect his aspirations.
"If he was offered attorney general, I think he'd keep his job," Burck said. "He's not a guy about titles or prestige. This is not a stepping stone for him. This is what he wants to be."
A year later, Bharara hasn't let up in his pursuit of real-life Gordon Gekkos.
Making broad use of wiretaps -- routine in mob and drug cases, but groundbreaking in white-collar probes -- the Manhattan prosecutor has widened an investigation of hedge funds and other financial institutions suspected of insider trading. The latest arrest came Wednesday, the same day a judge rejected a defense challenge to the wiretap tactic.
Amid the crackdown, the 42-year-old Bharara has displayed a trademark tenacity tempered by humility -- a combination that's won admirers inside and outside the nation's largest U.S. attorney's office.
"I think he really does appreciate the power of the office and he's not going to waste it," said Eric Snyder, who has worked at a Washington law firm since leaving the New York office in June. "There's outrage out there. He represents the people and he's going to react to what people are outraged by."
Born in Ferozepur, India, Bharara immigrated with his parents to the United States in 1970 as an infant. He spent his childhood in Monmouth County, N.J., and came away a fan of local hero Bruce Springsteen.
He graduated from Harvard in 1990 and Columbia Law School in 1993, and worked in private practice until 2000, when he became an assistant U.S. attorney in Manhattan. Five years later, he became U.S. Sen. Charles Schumer's chief counsel, helping to lead the investigation into the firings of nine U.S. attorneys under President George W. Bush.
Bill Burck, a former federal prosecutor himself in Manhattan who worked as Bush's deputy White House counsel while Bharara was investigating the firings of prosecutors, said Bharara "comes across as extremely professional and apolitical. He's viewed by Republicans as a very fair-minded guy who is not motivated by partisanship."
Burck said Bharara's likability stems partly from his sharp wit.
"He's one of the funniest people you'll ever meet. He disarms people with his humor and is very self-deprecating. That combination is extremely effective," he said. Publicly, Bharara goes out of way to credit his 200 assistant prosecutors for a string of recent successes. Behind the scene, he's shown them his sense of humor by putting together a self-deprecating video montage of news broadcasters' tortured pronunciations of his name. (It's bah-RAHR'-ah.)
A review of his speeches and his remarks at his swearing-in reception in the Manhattan federal courthouse also revealed a deep devotion to family. During the swearing in, he choked up as he told about his father's sacrifices, which included living in a small Indian village home that lacked basic plumbing and coming to America with only a few dollars in his pocket.
"He will never be more proud of me than I am of him," he said as his family, including his father, watched.
Seconds later, he vowed to honor the obligations of his new job, including to resign, if necessary, over principle; to resist even overwhelming public pressure to do the wrong thing; to banish politics from deliberation and decision-making; to admit mistakes, even if they are embarrassing; to view defendants and victims alike with dignity and self-worth; and to value fairness over cleverness and justice over victory.
He also warned the prosecutors he leads that they might get to know his three children on Halloween.
"They will be coming to ask you for candy," he said. "Lots of candy."
In the year since, he's led the continuing probe of the collapse of Bernard Madoff's multibillion-dollar Ponzi scheme and the prosecution of the Times Square bomber and the first trial of a Guantanamo detainee, along with numerous white-collar cases. With great fanfare -- including the nod to the "Wall Street" movie franchise starring Michael Douglas as Gekko, a no-holds-barred financier -- Bharara announced in October 2009 the prosecution of what he called the largest hedge fund insider trading scheme in history.
Since then, 14 of the 23 people arrested in the probe have pleaded guilty, with many of them cooperating. The investigation has led in many ways to the new insider trading probe, an outgrowth Bharara had forecast that day when he said, "Today, tomorrow, next week, the week after, privileged Wall Street insiders who are considering breaking the law will have to ask themselves one important question: Is law enforcement listening?"
Deputy U.S. Attorney Boyd Johnson said he admires his boss and close friend for the personal touch he brings to the job.
"He spends a lot of time walking the halls late at night, on the weekends, speaking to the prosecutors about their cases and their lives," Johnson said. Yet, he added: "He doesn't have a very high opinion of himself. He's a confident guy but self-deprecating. He jokes around with the assistants a lot, which I think they enjoy and appreciate."
Burck said he is confident the attention Bharara is getting will not affect his aspirations.
"If he was offered attorney general, I think he'd keep his job," Burck said. "He's not a guy about titles or prestige. This is not a stepping stone for him. This is what he wants to be."
Thursday, November 25, 2010
Happy Thanksgiving
Thanksgiving or Thanksgiving Day, celebrated on the fourth Thursday in November, has been an annual tradition in the United States since 1863, when during the Civil War, President Abraham Lincoln proclaimed a national day of thanksgiving to be celebrated on Thursday, November 26.
The event that Americans commonly call the "First Thanksgiving" was celebrated to give thanks to God for helping the Pilgrims of Plymouth Colony survive their first brutal winter in New England. The first Thanksgiving feast lasted three days, providing enough food for 53 pilgrims and 90 Native Americans. The feast consisted of fish (cod, eels, and bass) and shellfish (clams, lobster, and mussels), wild fowl (ducks, geese, swans, and turkey), venison, berries and fruit, vegetables (peas, pumpkin, beetroot and possibly, wild or cultivated onion), harvest grains (barley and wheat), and the Three Sisters: beans, dried Indian maize or corn, and squash.The New England colonists were accustomed to regularly celebrating "Thanksgivings"—days of prayer thanking God for blessings such as military victory or the end of a drought
The event that Americans commonly call the "First Thanksgiving" was celebrated to give thanks to God for helping the Pilgrims of Plymouth Colony survive their first brutal winter in New England. The first Thanksgiving feast lasted three days, providing enough food for 53 pilgrims and 90 Native Americans. The feast consisted of fish (cod, eels, and bass) and shellfish (clams, lobster, and mussels), wild fowl (ducks, geese, swans, and turkey), venison, berries and fruit, vegetables (peas, pumpkin, beetroot and possibly, wild or cultivated onion), harvest grains (barley and wheat), and the Three Sisters: beans, dried Indian maize or corn, and squash.The New England colonists were accustomed to regularly celebrating "Thanksgivings"—days of prayer thanking God for blessings such as military victory or the end of a drought
Wednesday, November 24, 2010
Wizzard Software Corp. (WZE) Technical Stock Trading Video Chart
Today Penny Payday brings you a video chart for Wizzard Software Corp (WZE), a NYSE company and one of many you can find at Pennypayday.com
3 Things to Know For Today's Trading
*Stocks were mixed in Asian trade. The Nikkei closed 0.8% lower and Australia was off a fraction, but Shanghai was up more than one percent and the Hang Seng added a half percent. The Kospi traded down two and a half percent on the open, but rose throughout the day to close down just 0.15% on the session. European indexes are generally higher on the day, with the Dax up about one and a quarter percent and the Footsie higher by about two thirds of a percent. US stock futures are up by about a quarter percent.
*The October reading of Japan’s Nationwide Department Store Sales were up 0.6% on a year over year basis, while that is not a big annualized sales gain it is the first positive result since February 2008.
*Ireland’s sovereign debt rating was lowered a notch by SP earlier today, and the rating agency warned that this downgrade could negatively impact Irish banks. Additionally PM Cowen said that a bailout package could total about EU85 billion.
*The November reading of Germany’s IFO index of the Business Climate rose about a point and a half to 109.3; well above the expectation for a steady reading and it is a record high for the series which began in 1991.
*The first revision of the UK Q3 GDP was steady at +0.8% on a quarter on quarter basis and +2.8% year on year.
*US mortgage applications were up 2.1% in the week ended November 19, according to the Mortgage Bankers Association; applications for purchase were up big while those for refinancing were down.
*The October reading of Durable Goods Orders is due out at 7:30am CST. Headline Orders are forecast to rise 0.1% on a month on month basis and the estimate for Orders ex-transportation is +0.6%. Also due out at 7:30am is the October reading of Personal Income and Spending. Income is expected to increase 0.4% on the month and the forecast for Spending is +0.5%. The PCE Core inflation measure is expected to be unchanged on a month on month basis and +1.0% year on year. The weekly report on Initial Jobless Claims is also set to be released at 7:30, it is expected to be 435k. The final November reading of consumer sentiment from the University of Michigan is due out at 8:55am CST, it is expected to be, 69.5 or two tenths higher than the preliminary result. Due out at 9:00am CST is the October reading of New Home Sales, it is forecast to be 312k units at an annualized rate or +1.6% up from the month before.
*All of the energy inventory reports will be released today; the petroleum based items will be released at 9:30am CST and the Natural Gas is moved up a day because of Thanksgiving, it will be released at 10:00am CST. Stocks of Crude Oil are forecast to decline 1.62 million barrels, Gasoline inventories are expected to fall 923k and the estimate for Distillates is -1.15 million. The Natural Gas inventory report is expected to show a decline of 5 bcf.
*The Treasury plans to sell $29 billion 7 Year Notes today; the results of the auction will be announced just after noon CST.
*The October reading of Japan’s Nationwide Department Store Sales were up 0.6% on a year over year basis, while that is not a big annualized sales gain it is the first positive result since February 2008.
*Ireland’s sovereign debt rating was lowered a notch by SP earlier today, and the rating agency warned that this downgrade could negatively impact Irish banks. Additionally PM Cowen said that a bailout package could total about EU85 billion.
*The November reading of Germany’s IFO index of the Business Climate rose about a point and a half to 109.3; well above the expectation for a steady reading and it is a record high for the series which began in 1991.
*The first revision of the UK Q3 GDP was steady at +0.8% on a quarter on quarter basis and +2.8% year on year.
*US mortgage applications were up 2.1% in the week ended November 19, according to the Mortgage Bankers Association; applications for purchase were up big while those for refinancing were down.
*The October reading of Durable Goods Orders is due out at 7:30am CST. Headline Orders are forecast to rise 0.1% on a month on month basis and the estimate for Orders ex-transportation is +0.6%. Also due out at 7:30am is the October reading of Personal Income and Spending. Income is expected to increase 0.4% on the month and the forecast for Spending is +0.5%. The PCE Core inflation measure is expected to be unchanged on a month on month basis and +1.0% year on year. The weekly report on Initial Jobless Claims is also set to be released at 7:30, it is expected to be 435k. The final November reading of consumer sentiment from the University of Michigan is due out at 8:55am CST, it is expected to be, 69.5 or two tenths higher than the preliminary result. Due out at 9:00am CST is the October reading of New Home Sales, it is forecast to be 312k units at an annualized rate or +1.6% up from the month before.
*All of the energy inventory reports will be released today; the petroleum based items will be released at 9:30am CST and the Natural Gas is moved up a day because of Thanksgiving, it will be released at 10:00am CST. Stocks of Crude Oil are forecast to decline 1.62 million barrels, Gasoline inventories are expected to fall 923k and the estimate for Distillates is -1.15 million. The Natural Gas inventory report is expected to show a decline of 5 bcf.
*The Treasury plans to sell $29 billion 7 Year Notes today; the results of the auction will be announced just after noon CST.
Willamette Valley Vineyards (Nasdaq:WVVI): SmallCap Sleeper
Willamette Valley Vineyards (Nasdaq:WVVI), a leading producer of Pinot Noir, generated a profit of $171,345 or $0.04 cents per share for the three months ending September 30, 2010. Comparable results for the comparable prior year period include a net profit of $248,021 and $0.05 cents per share. Third quarter 2010 sales revenue increased 5.5% and gross profit decreased 7.4% compared to the third quarter of 2009. The decrease in gross profit is due to higher cost of goods relative to prices received and is the reason for the decrease in net profit over comparable periods.
Jim Bernau, Founder and President of the winery said "The economy is showing signs of life evidenced by our higher revenues. Now, we just need to work through some high cost of goods to get back to historical gross margins." Bernau noted Company cash flow has improved due to his Bacchus Fine Wines sales staff dramatically reducing purchased wine inventory while growing customer service and wine sales.
Jim Bernau, Founder and President of the winery said "The economy is showing signs of life evidenced by our higher revenues. Now, we just need to work through some high cost of goods to get back to historical gross margins." Bernau noted Company cash flow has improved due to his Bacchus Fine Wines sales staff dramatically reducing purchased wine inventory while growing customer service and wine sales.
Tuesday, November 23, 2010
High Tech Lynching: Does SEC Intend to Eliminate Channel Checks
In the late 90's the SEC rolled out Reg FD to level the playing field, which really limted salestraders on Wall Street from tipping off the firms largest clients about earnings before they were released. Based on the recent raids on hedge funds it look's like the Feds intend to expand laws based on research and industry channel checks which has become a huge business in Financial Services, and have a nice holiday high tech lynching. John Kinnucan appeared on CNBC talking about the Fed's showing up at his door and asking him to wear a wire...this story has some legs..stay tuned!!!
Officials from the FBI, SEC and New York federal prosecutors are currently conducting a major insider trading case that spans both coasts and small to major investment related firms. The investigation appears to center around the fear that independant analysts and consulting firms have passed on inside information to hedge and mutual fund managers who then used that information in financial transactions, making them illegal.
According to a Wall Street Journal article from November 20th, a Portlander is involved in some fashion. It is not clear, however, if this person is under investigation or an innocent witness. From the WSJ article: Independent analysts and research boutiques also are being examined. John Kinnucan, a principal at Broadband Research LLC in Portland, Ore., sent an email on Oct. 26 to roughly 20 hedge-fund and mutual-fund clients telling of a visit by the Federal Bureau of Investigation.
“Today two fresh faced eager beavers from the FBI showed up unannounced (obviously) on my doorstep thoroughly convinced that my clients have been trading on copious inside information,” the email said. “(They obviously have been recording my cell phone conversations for quite some time, with what motivation I have no idea.) We obviously beg to differ, so have therefore declined the young gentleman’s gracious offer to wear a wire and therefore ensnare you in their devious web.”
Officials from the FBI, SEC and New York federal prosecutors are currently conducting a major insider trading case that spans both coasts and small to major investment related firms. The investigation appears to center around the fear that independant analysts and consulting firms have passed on inside information to hedge and mutual fund managers who then used that information in financial transactions, making them illegal.
According to a Wall Street Journal article from November 20th, a Portlander is involved in some fashion. It is not clear, however, if this person is under investigation or an innocent witness. From the WSJ article: Independent analysts and research boutiques also are being examined. John Kinnucan, a principal at Broadband Research LLC in Portland, Ore., sent an email on Oct. 26 to roughly 20 hedge-fund and mutual-fund clients telling of a visit by the Federal Bureau of Investigation.
“Today two fresh faced eager beavers from the FBI showed up unannounced (obviously) on my doorstep thoroughly convinced that my clients have been trading on copious inside information,” the email said. “(They obviously have been recording my cell phone conversations for quite some time, with what motivation I have no idea.) We obviously beg to differ, so have therefore declined the young gentleman’s gracious offer to wear a wire and therefore ensnare you in their devious web.”
GENVEC (GNVC) Tecnical Stock Trading Video Chart
Today Penny Payday brings you a video chart for Genvec (GNVC), a NASDAQ company and one of many you can find at Pennypayday.com
3 Things to Know Before Trading
Stocks in Asian trade were generally weak in reaction to news of a military exchange between North and South Korea. The Nikkei managed a gain of almost one percent, but the Hang Seng lost 2.7%, Shanghai was lower by about two percent and Australia fell more than one percent. European indexes are also lower on the session. The Footsie is currently down about two thirds of a percent and the Dax is off a fraction, but Ireland is down about two percent and other Euro/peripherals are down one percent or more, as the debt spreads for these countries are again widening out from the German baseline. US stock futures are down about three quarters of a percent or so.
*North and South Korea exchanged artillery fire earlier today; at least two South Korean marines are said to be dead and several others have been injured on an island that is just off the west coast of the peninsula within disputed territorial waters. As is often the case when dealing with conflicts involving North Korea it is not clear what sparked the conflict, or for that matter if the problem will escalate.
*The final reading of Germany’s Q3 GDP was unrevised +0.7% on a quarter on quarter basis and +3.9% year on year; growth was driven by strong exports and personal consumption.
*The November reading of Germany’s manufacturing sector Purchasing Managers Index was up more than two points on the month to 58.9, well above the estimate for a fractional gain. The November reading of their service sector PMI also beat the forecast with a monthly gain of 2.6 points, it rose to 58.6..
*In October there were 30,766 loans for house purchase in the UK, according to the British Bankers Association, slightly under the estimate.
*The weekly report on chain store sales from ICSC will be released at 6:45am CST. The Johnson Redbook report on the same thing is due out at 7:55am CST.
*The first revision of the Q3 GDP is due out at 7:30am CST. Headline GDP is forecast to be revised up to 2.4% from the initial report of 2.0%. However the key Q3 Personal Consumption component is expected to be revised down one tenth to 2.5% and the GDP Price Deflator is expected to be unrevised at 2.3%. The Core PCE price measure is also expected to be unchanged at 0.8% on a quarter on quarter annualized basis. The October reading of Existing Home Sales is due out at 9:00am CST; Sales are forecast to fall 1.1% from the pace set the month before to an annualized rate of 4.48 million units.
*The November reading of the Richmond Fed Manufacturing Index is due out at 9:00am CST, it is expected to improve one point on the month to 6.
*The FDIC will release their Q3 report on bank earnings at 9:00am CST.
*The Fed is scheduled to buy TIPS today that are due to mature between 7/15/12 and 2/15/40; the results of the operation will be announced just after 10:00am CST.
*The Treasury plans to sell $35 billion 5 Year Notes today; the results of the auction will be announced just after noon CST.
*The minutes from the November 2/3 FOMC meeting are due to be released at 1:00pm CST. In addition to the minutes the Fed will also release their Summary of Economic Projections, which will extend out to 2013 for the first time.
*North and South Korea exchanged artillery fire earlier today; at least two South Korean marines are said to be dead and several others have been injured on an island that is just off the west coast of the peninsula within disputed territorial waters. As is often the case when dealing with conflicts involving North Korea it is not clear what sparked the conflict, or for that matter if the problem will escalate.
*The final reading of Germany’s Q3 GDP was unrevised +0.7% on a quarter on quarter basis and +3.9% year on year; growth was driven by strong exports and personal consumption.
*The November reading of Germany’s manufacturing sector Purchasing Managers Index was up more than two points on the month to 58.9, well above the estimate for a fractional gain. The November reading of their service sector PMI also beat the forecast with a monthly gain of 2.6 points, it rose to 58.6..
*In October there were 30,766 loans for house purchase in the UK, according to the British Bankers Association, slightly under the estimate.
*The weekly report on chain store sales from ICSC will be released at 6:45am CST. The Johnson Redbook report on the same thing is due out at 7:55am CST.
*The first revision of the Q3 GDP is due out at 7:30am CST. Headline GDP is forecast to be revised up to 2.4% from the initial report of 2.0%. However the key Q3 Personal Consumption component is expected to be revised down one tenth to 2.5% and the GDP Price Deflator is expected to be unrevised at 2.3%. The Core PCE price measure is also expected to be unchanged at 0.8% on a quarter on quarter annualized basis. The October reading of Existing Home Sales is due out at 9:00am CST; Sales are forecast to fall 1.1% from the pace set the month before to an annualized rate of 4.48 million units.
*The November reading of the Richmond Fed Manufacturing Index is due out at 9:00am CST, it is expected to improve one point on the month to 6.
*The FDIC will release their Q3 report on bank earnings at 9:00am CST.
*The Fed is scheduled to buy TIPS today that are due to mature between 7/15/12 and 2/15/40; the results of the operation will be announced just after 10:00am CST.
*The Treasury plans to sell $35 billion 5 Year Notes today; the results of the auction will be announced just after noon CST.
*The minutes from the November 2/3 FOMC meeting are due to be released at 1:00pm CST. In addition to the minutes the Fed will also release their Summary of Economic Projections, which will extend out to 2013 for the first time.
Monday, November 22, 2010
Trading Alert for Oil and Gas Investors; American Petro-Hunter (OTCBB: AAPH) Research Highlights
“American Petro-Hunter provides an exciting short term and long term investment opportunity.” - Grass Roots Research and Distribution, Inc
Research AAPH.OB Today! www.aaphreport.com
Point Roberts, WA - November 22, 2010 - The Investorideas.com Energy Newswire makes recent Oil and Gas stock research reports and CFA commentary on American Petro-Hunter Inc (OTCBB: AAPH ) available to oil and gas investors.
Lisa Springer, CFA, equity research analyst and financial writer features AAPH in both Oil and Gas sector commentaries; “The Role of Independent Producers in America’s Energy Future” and “Untapped Opportunity in Shale Oil”. Reports include Big Players in the Oil and Gas Sector Including Devon Energy (NYSE:DVN), Chesapeake (NYSE:CHK), Sandridge (NYSE:SD), ExxonMobil (NYSE:XOM), Newfield Exploration (NYSE:NFX) and American Petro-Hunter (OTCBB: AAPH)
Full Reports:
The Role of Independent Producers in America’s Energy Future
http://www.investorideas.com/CO/AAPH/news/11081.asp
Untapped Opportunity in Shale Oil
http://www.investorideas.com/CO/AAPH/news/11161.asp
The Cohen report by Grass Roots Research and Distribution notes, “Based on an average of these methods, AAPH common stock is valued at $1.02 per share, 191.3% higher than current market price of $0.34.”
Full report at www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
Excerpt from Report: "We expect significant growth potential from AAPH's prolific oil and gas projects in Oklahoma and Kansas in the immediate to medium term. The prospects of the Company have further brightened after it went in-production at its core acreage at the Northern Oklahoma Project and the Rooney Prospect. The quality of the portfolio's assets is excellent. We believe this quality together with the experience and proven track record of its management team will enable enhanced returns on investment. American Petro-Hunter provides an exciting short term and long term investment opportunity."
- Grass Roots Research and Distribution, Inc
About American Petro-Hunter, Inc. (OTCBB: AAPH)
American Petro-Hunter, Inc. (OTCBB: AAPH) is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets.
Find more Research on AAPH.OB Today! www.aaphreport.com
American Petro-hunter Inc (OTCBB: AAPH) is a showcase Oil and Gas stock on Investorideas.com (please read disclosure and disclaimers)
Visit the showcase page on Investorideas.com
http://www.investorideas.com/CO/AAPH/
Request info:
http://www.investorideas.com/Resources/Newsletter.asp
About Investor Ideas Oil and Gas portal:
OilandGasStocksNews.com is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Investorideas.com features third party research in multiple industry sectors including energy, biotech and mining. More third party research reports can be found at http://www.investorideas.com/Research/.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (twenty thousand per month). Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
The research report is the content and opinion of Grass Roots Research and Distribution, Inc.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.com
Research AAPH.OB Today! www.aaphreport.com
Point Roberts, WA - November 22, 2010 - The Investorideas.com Energy Newswire makes recent Oil and Gas stock research reports and CFA commentary on American Petro-Hunter Inc (OTCBB: AAPH ) available to oil and gas investors.
Lisa Springer, CFA, equity research analyst and financial writer features AAPH in both Oil and Gas sector commentaries; “The Role of Independent Producers in America’s Energy Future” and “Untapped Opportunity in Shale Oil”. Reports include Big Players in the Oil and Gas Sector Including Devon Energy (NYSE:DVN), Chesapeake (NYSE:CHK), Sandridge (NYSE:SD), ExxonMobil (NYSE:XOM), Newfield Exploration (NYSE:NFX) and American Petro-Hunter (OTCBB: AAPH)
Full Reports:
The Role of Independent Producers in America’s Energy Future
http://www.investorideas.com/CO/AAPH/news/11081.asp
Untapped Opportunity in Shale Oil
http://www.investorideas.com/CO/AAPH/news/11161.asp
The Cohen report by Grass Roots Research and Distribution notes, “Based on an average of these methods, AAPH common stock is valued at $1.02 per share, 191.3% higher than current market price of $0.34.”
Full report at www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
Excerpt from Report: "We expect significant growth potential from AAPH's prolific oil and gas projects in Oklahoma and Kansas in the immediate to medium term. The prospects of the Company have further brightened after it went in-production at its core acreage at the Northern Oklahoma Project and the Rooney Prospect. The quality of the portfolio's assets is excellent. We believe this quality together with the experience and proven track record of its management team will enable enhanced returns on investment. American Petro-Hunter provides an exciting short term and long term investment opportunity."
- Grass Roots Research and Distribution, Inc
About American Petro-Hunter, Inc. (OTCBB: AAPH)
American Petro-Hunter, Inc. (OTCBB: AAPH) is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets.
Find more Research on AAPH.OB Today! www.aaphreport.com
American Petro-hunter Inc (OTCBB: AAPH) is a showcase Oil and Gas stock on Investorideas.com (please read disclosure and disclaimers)
Visit the showcase page on Investorideas.com
http://www.investorideas.com/CO/AAPH/
Request info:
http://www.investorideas.com/Resources/Newsletter.asp
About Investor Ideas Oil and Gas portal:
OilandGasStocksNews.com is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Investorideas.com features third party research in multiple industry sectors including energy, biotech and mining. More third party research reports can be found at http://www.investorideas.com/Research/.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (twenty thousand per month). Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
The research report is the content and opinion of Grass Roots Research and Distribution, Inc.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.com
Advanced Cell Technology (ACTC.OB) Shares Fly on FDA Clinical Trial Approval
Advanced Cell Technology has received U.S. Food and Drug Administration (FDA) clearance for its Investigational New Drug (IND) application to initiate a Phase I/II multicenter clinical trial using retinal cells derived from human embryonic stem cells to treat patients with Stargardt’s Macular Dystrophy (SMD). This newly announced decision removes the clinical hold that the FDA had placed on the trial and gives ACTC clearance to immediately proceed with human trials.
Initially, the ground-breaking trials will begin with twelve patients throughout several different world-class clinics in the United States. Several location targets have been identified already, with other possible locations to be given consideration as well. The main purpose of this first phase of human trials will be to determine the safety and tolerability of the retinal pigment epithelium cells following sub-retinal transplantation to patients with advanced Stargardt’s Macular Dystrophy.
Stargardt’s Macular Dystrophy is one of the most common forms of juvenile macular degeneration in the world today which causes progressive vision loss, typically in children between 10 and 20 years of age, inevitably ending in blindness as a result of photoreceptor loss related to the pigmented layer of the retina. As many as thirty million people in the United States and Europe suffer from macular degeneration. Approximately 10% of people ages 66 to 74 will have symptoms of macular degeneration, the vast majority the "dry" form of AMD, which is currently untreatable. The prevalence increases to 30% in patients 75 to 85 years of age.
Advanced Cell Technology (ACTC.OB)is well-positioned as an industry leader in this category as competition is virtually non-existent in a market that represents approximately $30 billion worldwide. Given that the Company is poised to move in this area of research, has been previously been granted orphan drug status from the FDA for its RPE cells and has a team of world-renown scientists at its helm, it is very likely that Advanced Cell Technology will be falling on the radar of biotechnology traders from here forward. Shares have climbed over 50% in morning trading to $0.071; up from its previous close of $0.0455.
Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Andrew Klips (“the author”) has based this document on information obtained from sources he believes to be reliable, but which has not been independently verified; the author makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author only and are subject to change without notice. The author assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, the author assumes no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.
The author does not own shares of Advanced Cell Technology.
Initially, the ground-breaking trials will begin with twelve patients throughout several different world-class clinics in the United States. Several location targets have been identified already, with other possible locations to be given consideration as well. The main purpose of this first phase of human trials will be to determine the safety and tolerability of the retinal pigment epithelium cells following sub-retinal transplantation to patients with advanced Stargardt’s Macular Dystrophy.
Stargardt’s Macular Dystrophy is one of the most common forms of juvenile macular degeneration in the world today which causes progressive vision loss, typically in children between 10 and 20 years of age, inevitably ending in blindness as a result of photoreceptor loss related to the pigmented layer of the retina. As many as thirty million people in the United States and Europe suffer from macular degeneration. Approximately 10% of people ages 66 to 74 will have symptoms of macular degeneration, the vast majority the "dry" form of AMD, which is currently untreatable. The prevalence increases to 30% in patients 75 to 85 years of age.
Advanced Cell Technology (ACTC.OB)is well-positioned as an industry leader in this category as competition is virtually non-existent in a market that represents approximately $30 billion worldwide. Given that the Company is poised to move in this area of research, has been previously been granted orphan drug status from the FDA for its RPE cells and has a team of world-renown scientists at its helm, it is very likely that Advanced Cell Technology will be falling on the radar of biotechnology traders from here forward. Shares have climbed over 50% in morning trading to $0.071; up from its previous close of $0.0455.
Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Andrew Klips (“the author”) has based this document on information obtained from sources he believes to be reliable, but which has not been independently verified; the author makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author only and are subject to change without notice. The author assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, the author assumes no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.
The author does not own shares of Advanced Cell Technology.
COLDWATER CREEK (CWTR) Technical Stock Trading Video Chart
Today Penny Payday brings you a video chart for COLDWATER CREEK (CWTR) , a NASDAQ company and one of many you can find at Pennypayday.com
Volume Skyrockets for Advanced Cell Technology (OTC:ACTC)
Advanced Cell Technology (OTC:ACTC) announced today that the US Food and Drug Administration (FDA) has cleared the Company’s Investigational New Drug (IND) application to immediately initiate a Phase I/II multicenter clinical trial using retinal cells derived from human embryonic stem cells (hESCs) to treat patients with Stargardt’s Macular Dystrophy (SMD), one of the most common forms of juvenile macular degeneration in the world. The decision removes the clinical hold that the FDA had placed on the trial.
Volume of ACTC exploded, after the news surfaced, to more than 50 million shares compared to its average daily volume of about 4 million shares. In late trading, the stock was up 50 percent at $0.07 per share.
Stargardt’s Macular Dystrophy causes progressive vision loss, usually starting in children between 10 to 20 years of age. Eventually, blindness results from photoreceptor loss associated with degeneration in the pigmented layer of the retina, called the retinal pigment epithelium (RPE). . “There is currently no treatment for Stargardt’s disease,” said Dr. Robert Lanza, ACTC’s Chief Scientific Officer. “Using stem cells, we can generate a virtually unlimited supply of healthy RPE cells, which are the first cells to die off in SMD and other forms of macular degeneration. We’ve tested these cells in animal models of eye disease. In rats, we’ve seen 100% improvement in visual performance over untreated animals without any adverse effects. Our studies showed that the cells were capable of extensive rescue of photoreceptors in animals that otherwise would have gone blind. Near-normal function was also achieved in a mouse model of Stargardt’s disease. We hope to see a similar benefit in patients with various forms of macular degeneration.”
The Phase I/II trial will be a prospective, open-label study that is designed to determine the safety and tolerability of the RPE cells following sub-retinal transplantation to patients with advanced SMD. A total of twelve patients will be enrolled in the study at multiple clinical sites.
Earlier this year the FDA also granted Orphan Drug designation for the company’s RPE cells. As a result, the company is eligible to receive a number of benefits, including tax credits, access to grant funding for clinical trials such as this one, accelerated FDA approval, and allowance for marketing exclusivity after drug approval for a period of as long as seven years.
Raymond Lund, Ph.D., a scientific collaborator with ACT, and considered one of the world’s foremost experts in retinal cell physiology and vision restoration, commented, “The study results of ACT’s RPE cells implanted in the various animal models of macular degeneration was phenomenal. If ACT observes even a fraction of that benefit in humans, it will be nothing short of a home run."
DISCLOSURE: NO POSITIONS
Carbon Sciences (OTC:CABN) Volume Skyrockets on E-mail Promotion
Carbon Sciences Inc. (OTC:CABN) is under an e-mail promotion campaign today and has had volume that skyrocketed to nearly 6 million shares, as I write. I received the “teaser” e-mail last night and then the e-mail announcing the ticker symbol just before the bell this morning. In mid-day trading, shares of Carbon Sciences were up more than 8 percent at $0.09 per share. The Company has a market cap of $16 million and a 52-week range between $0.05 and $0.16 per share.
Carbon Sciences is the developer of a breakthrough technology to transform greenhouse gases into gasoline and other portable fuels and today announced the successful performance testing of its novel catalyst.
"In August of this year, we successfully synthesized the raw catalyst, a vital step in the development process. Now, we have tested the catalyst and it works as planned. This performance validation is a major milestone for us in demonstrating the commercial feasibility of our breakthrough technology," said CEO Byron Elton. "The results from our laboratory tests have been very encouraging and represent an important step forward in our quest to make gasoline without using crude oil," he added.
"From literally thousands of options, we have narrowed down our choice to two catalyst designs. More importantly, our rigorous testing shows that the catalysts work in accordance with earlier computer simulations," said Dr. Naveed Aslam, the company's Chief Technology Officer.
Dr. Aslam continued, "The key features we have confirmed in our tests are high conversion efficiency and potential for catalyst longevity, which translates directly into commercial viability. High conversion efficiency means lower capital cost to produce substantial quantities of fuel. Longevity means that our systems will not require frequent shutdown for maintenance and catalyst cleaning. These are the primary challenges faced by previous industry attempts. Our initial laboratory results lead us to believe that we will be able to overcome these challenges at commercial scale. Lastly, unlike catalysts previously considered by others, our catalysts are designed using common metals that are plentiful and inexpensive."
The United States consumes 140 billion gallons of gasoline each year and spends nearly a billion dollars per day on foreign oil. Carbon Sciences estimates that its technology, when commercialized, can be used to meet all the country's gasoline requirements using just 23 trillion cubic feet of natural gas and 586 million tons of CO2 without using a single drop of crude oil or competing with current natural gas consumption.
"The successful commercialization of our technology will address the global fuel crisis, result in domestic energy independence and will create millions of green jobs to power America and revitalize our economy," said Elton. "Because we are using significant amounts of CO2 in the process that would otherwise be emitted into the atmosphere, it is an environmentally friendly technology," he added.
Carbon Sciences is developing a breakthrough technology to transform greenhouse gases into liquid portable fuels, such as gasoline, diesel and jet fuel. Innovating at the forefront of chemical engineering, Carbon Sciences is developing highly scalable clean-tech processes to produce liquid fuels from naturally occurring or human-made greenhouse gas emissions.
From sources such as natural gas fields, refinery flare gas, landfill gas, municipal waste, algae and other biomass, there is an abundant supply of inexpensive feedstock available to produce large and sustainable quantities of liquid fuel to replace petroleum for global consumption, thereby eliminating dependence on petroleum.
Monster Offers (OTC:MONT) Hits New 52-Week High
Shares of Monster Offers (OTC:MONT) hit a new 52-week high today on heavy volume after announcing a recent interview by the CEO and issuing a dividend to shareholders. In early trading, Monster Offers jumped 7 percent, or 9 cents per share, to $1.37 per share on volume of more than 1 million shares compared to its average daily volume of about 560,000 shares. Monster Offers has a market cap of $44 million and a 52-week range between $0.97 and $1.37 per share.
The Company conducted an interview with Wall Street Reporter as part of its CEO Interview series. The full podcast of the interview will soon be available at www.wallstreetreporter.com in the Audio MP3 digital format.
“Wall Street Reporter wanted to learn more about our dividend announcement last week and underlying acquisition strategy,” said Paul Gain, Monster Offers CEO who completed the 15-minute interview. On November 18, 2010, the Board of Directors approved a one-half-for-one (0.5:1) common stock dividend (the "dividend") of the Company's issued and outstanding common stock, par value $0.001, with a record date of December 1, 2010 and a payment date of December 2, 2010. Each shareholder will receive a dividend of one (1) common share for every two (2) shares owned on the record date.
“Since I joined Monster Offers just two months ago, we have refocused our efforts around the emerging social commerce and the Deal of the Day space. This has resulted in significant traction in the marketplace,” said Gain.
“We encourage current and potential shareholders to listen to this interview,” said Gain, “as they will get a better understanding of why we issued a stock dividend and how we plan to launch new revenue generating social commerce initiatives. In our opinion, issuing a stock dividend is perhaps the best way to reward our shareholders at this time, while also arming the company with a significant amount of shares to do strategic acquisitions.”
Since the launch of the new Website, Monster Offers has been contacted by many new age social commerce companies, and is poised to follow through with strategic acquisition discussions and due diligence with those candidates that are profitable, stable and well-positioned for rapid growth in the near-term future.
Monster Offers is an emerging online technology company specializing in social media commerce and advertising solutions for large Companies and Non Profit Organizations.
Solar Thin Films (OTC:SLTZ) Jumps +15% on Profits
Earnings are always one of the biggest drivers for companies to boast their performance over the previous quarter. Solar Thin Films (OTC:SLTZ) reported its third quarter earnings today and since have incurred significant volume and gains. In early trading, shares of Solar Thin Films jumped 14 percent, or 6 cents per share, to $0.48 per share on heavy volume of nearly 300,000 shares. This lightly traded SmallCap stock has a market cap of just under $10 million.
Solar Thin Films today reported earnings of $618,291 ($0.03 per share) on revenues of $1,048,232 for the quarter ending September 30, 2010. This compares to a loss of $833,956 ($0.05 per share) on revenues of $2,181,056 for the quarter ending September 30, 2009.
For the nine months ending September 30, 2010 the company lost $324,294 ($0.02 per share) on revenues of $2,232,747 as compared to the nine months ending September 30, 2009 when the company showed a loss of $2,329,807 ($0.18 per share) on revenues of $8,402,980.
Solar Thin Films develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary Kraft Elecktronikai Zrt. based in Budapest, Hungary. The Company sells both "turnkey systems" and sub-systems to customers currently located in China, Spain and the United States and has produced equipment for installations in the US, Germany, Portugal, Taiwan, Greece and Spain.
The Company believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.
Insider Trading: Fed Hammer Coming Down
Rumbling in the NY Times and in many Hedge Fund circles has the Fed hammer coming down for insider trading. It seems logical that Fed officials would have a perp walk to bring in the holiday's!!! I hear the scope revolves around a research firm tipping valued clients while in ka-hoots with Goldman.
Those who have been around long enough know this was the gig for saleman prior to Reg FD, which leveled the research trading field and was a commission tool for salestraders in the 90's. I will have more on this as information breaks.
Federal authorities are at an advanced stage of insider trading investigations that could result in criminal charges or significant civil fines against Wall Street traders and executives, DealBook's Peter Lattman reports, citing a government official.
"We are far along in investigations of insider trading," said the official, who spoke on the condition of anonymity because the inquiry was incomplete. It was unclear whether the government was conducting one sweeping investigation or looking into various smaller instances of what they suspected was insider trading.
One person briefed on the matter characterized the investigation as a "big case," saying it would likely result in arrests before the end of the new year, with the defendants numbering in the double digits. The person said that the investigation had to some extent grown out of an inquiry into the Galleon Group.
News of the investigations' advanced stages was reported on Friday night on The Wall Street Journal Web site. The article said that federal authorities could bring insider trading charges that "could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation."
The government official familiar with the matter confirmed the outlines of The Journal's article, but would not say whether arrests were imminent or whether specific companies were targets.
Goldman Sachs is among the firms under scrutiny, according to a person briefed on the investigation who was not authorized to discuss the matter publicly. The person said the inquiry involved several low-level Goldman employees, not executives.
Those who have been around long enough know this was the gig for saleman prior to Reg FD, which leveled the research trading field and was a commission tool for salestraders in the 90's. I will have more on this as information breaks.
Federal authorities are at an advanced stage of insider trading investigations that could result in criminal charges or significant civil fines against Wall Street traders and executives, DealBook's Peter Lattman reports, citing a government official.
"We are far along in investigations of insider trading," said the official, who spoke on the condition of anonymity because the inquiry was incomplete. It was unclear whether the government was conducting one sweeping investigation or looking into various smaller instances of what they suspected was insider trading.
One person briefed on the matter characterized the investigation as a "big case," saying it would likely result in arrests before the end of the new year, with the defendants numbering in the double digits. The person said that the investigation had to some extent grown out of an inquiry into the Galleon Group.
News of the investigations' advanced stages was reported on Friday night on The Wall Street Journal Web site. The article said that federal authorities could bring insider trading charges that "could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation."
The government official familiar with the matter confirmed the outlines of The Journal's article, but would not say whether arrests were imminent or whether specific companies were targets.
Goldman Sachs is among the firms under scrutiny, according to a person briefed on the investigation who was not authorized to discuss the matter publicly. The person said the inquiry involved several low-level Goldman employees, not executives.
5 Things To Know Before Trading
Stocks were mixed in Asian trade. The Nikkei was strong with a 0.9% gain and Australia added a third of a percent. But the Hang Seng lost a third of a percent and Shanghai was down a small fraction. Europe also has a mixed performance this morning; the Dax is about unchanged on the session, but the Footsie is off by more than a half percent, while Ireland and Spain are more than one percent lower on the day. US stock futures are essentially unchanged.
*On Friday, Hong Kong announced additional stamp duties on properties that are sold within two years and raised down payment requirements on high end homes. Earlier today the government announced that Hong Kong property prices were up 15% in the period from January to September; these prices were up thirty percent in 2009. There is some thinking that the tougher measures will have an immediate effect on transaction volume and estimates say the decline could be as much as 30% to 50% in the next few months. This pressured the Hang Seng property index in Monday’s trade and it fell 2.6%.
*Irish PM Cowen finally relented to EU/IMF pressure on Sunday and requested an aid package that may total as much at EU95 billion, details are still being worked out. The Irish government concession that aid would be necessary was seen as a humiliation for Cowen, with the country’s press stressing the coming austerity and some lawmakers calling for the PM’s resignation. Ruling coalition member, the Green Party, says they will quit the government after the budget and seek a new election as early as January. EU spokespersons such as Juncker say the decision was important to avoid credit market contagion, and yield spreads to German debt has narrowed in the wake of the announcement. But Moody’s says that a “multi-notch” downgrade for Ireland was a likely scenario. Additional help will come from the UK in the form of a bi-lateral loan, “to reflect the fact that we don’t want to be part of a permanent bailout mechanism for the euro” said Chancellor of the Exchequer Osborne.
*The October reading of the Chicago Fed National Activity Index is due out at 7:30am CST, it is expected to be -0.30; it was -0.58 in September.
*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/18 and 11/15/20; the results of the operation will be announced just after 10:00am CDT.
*The Treasury plans to sell $35 billion 2 Year Notes today; the results of the auction will be announced just after noon CST.
*Minneapolis Fed boss Kocherlakota is scheduled to speak at 12:30pm CST; his topic is “Monetary Policy, Labor Markets and Uncertainty”.
*On Friday, Hong Kong announced additional stamp duties on properties that are sold within two years and raised down payment requirements on high end homes. Earlier today the government announced that Hong Kong property prices were up 15% in the period from January to September; these prices were up thirty percent in 2009. There is some thinking that the tougher measures will have an immediate effect on transaction volume and estimates say the decline could be as much as 30% to 50% in the next few months. This pressured the Hang Seng property index in Monday’s trade and it fell 2.6%.
*Irish PM Cowen finally relented to EU/IMF pressure on Sunday and requested an aid package that may total as much at EU95 billion, details are still being worked out. The Irish government concession that aid would be necessary was seen as a humiliation for Cowen, with the country’s press stressing the coming austerity and some lawmakers calling for the PM’s resignation. Ruling coalition member, the Green Party, says they will quit the government after the budget and seek a new election as early as January. EU spokespersons such as Juncker say the decision was important to avoid credit market contagion, and yield spreads to German debt has narrowed in the wake of the announcement. But Moody’s says that a “multi-notch” downgrade for Ireland was a likely scenario. Additional help will come from the UK in the form of a bi-lateral loan, “to reflect the fact that we don’t want to be part of a permanent bailout mechanism for the euro” said Chancellor of the Exchequer Osborne.
*The October reading of the Chicago Fed National Activity Index is due out at 7:30am CST, it is expected to be -0.30; it was -0.58 in September.
*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/18 and 11/15/20; the results of the operation will be announced just after 10:00am CDT.
*The Treasury plans to sell $35 billion 2 Year Notes today; the results of the auction will be announced just after noon CST.
*Minneapolis Fed boss Kocherlakota is scheduled to speak at 12:30pm CST; his topic is “Monetary Policy, Labor Markets and Uncertainty”.
Friday, November 19, 2010
FONAR (NASDAQ:FONR) Jumps 100% on Solid Earnings
FONAR Corporation (NASDAQ:FONR) shares skyrocketed today after announcing solid quarterly results. In late trading, the stock was up more than 92 percent at $1.96 per share on heavy volume of more than 3 million shares compared to its average daily volume of only 17,000 shares. This lightly traded SmallCap stock has a market cap of $10 million and a 52-week range between $1.00 and $3.81 per share.
FONAR announced its earnings for the first quarter of fiscal 2011, ending September 30, 2010. Income from operations for the quarter ending September 30, 2010 was $435,000 as compared to a loss of $1,422,000 for the same period one year earlier, ending September 30, 2009. FONAR has had income from operations for three quarters in a row.
Net income for the first quarter of fiscal 2011 ending September 30, 2010 was $385,000 as compared to a net loss of $1.7 million for the same quarter one year earlier ending September 30, 2009.
Total net revenues for the quarter ending September 30, 2010 increased 16% to $8.7 million as compared to the one year earlier to the quarter ending September 30, 2009, when net revenues were $7.5 million.
At the end of the first fiscal quarter of fiscal 2011 ending September 30, 2010, total current assets were $15.3 million, total assets were $22.0 million, total current liabilities were $25.0 million, total long-term liabilities were $2.2 million, and total cash, cash equivalents and marketable securities were $1.3 million.
Commenting on the results of the first quarter of fiscal 2011, Raymond Damadian, M.D., president and chairman of FONAR said, "We are delighted to be able to show rising income for the first quarter of fiscal 2011. This has largely been done by cutting costs. Important savings have been made by reducing our Selling, General and Administrative expenses and our Research and Development expenses. In fact, these two categories have been reduced 31% when comparing the most recent fiscal quarter ending September 30, 2010 with the first quarter of fiscal 2010 ending September 30, 2009."
"I am also pleased to announce that during the most recent fiscal quarter, FONAR has installed its first UPRIGHT® Multi-Position™ MRI in Africa and Australia making FONAR a true global participant in the MRI world," added Dr. Damadian. We have installed 14 of our nearly 150 FONAR UPRIGHT® Multi-Position™ MRI scanners outside of the United States."
For investor and other information visit: www.fonar.com.
DISCLOSURE: NO POSITION
Document Capture (OTC:DCMT) Boasts Solid Q3 Revenue Growth
Shares of Document Capture Technologies (OTC:DCMT) were very active today among the volume leaders and percentage gainers. In late trading, the stock was up 6 percent at $0.70 per share on heavy volume of more than 1 million shares. This lightly traded stock has a small market cap of $16 million.
DCMT announced Q3 2010 sales of $3.5 million, an increase of 19% over the same period 2009, and year-to-date sales of $10.3 million, an increase of 28% over 2009.
Year-to-date EBITDA increased to $690,000 versus a loss of $6,000 for the same period 2009.
Year-to-date net loss improved 40% to a loss of $305,000 from a loss of $505,000 for the same period 2009. Operating expenses were impacted in Q3 2010 by a one-time expense of $400,000 related to emphasizing the Company's exposure within the Healthcare market. Cash on hand increased to $3.9 million at September 30, 2010. Working capital strengthened to $6.4 million compared to $3.0 million in Q2 2010 and $2.1 million for Q3 2009.
"The Company closed Q3 with strong numbers which reflect our continued, impressive growth as well as our mandate to deliver consistent shareholder value," said David P. Clark, Chief Executive Officer of DCMT. "While operating costs were higher due to a one-time expense of $400,000, we are confident that this investment will significantly enhance revenues from our healthcare related initiatives."
Document Capture Technologies, Inc. (DCT) is a world-wide leader in the design, development, manufacture, and sale of USB-powered mobile document capture platforms. DCT markets 30 different products in five distinct categories. Since 1998, the company has distributed these products globally through private label solutions to leading Tier 1 OEMs, VAR’s and system integrators, including brand leaders Brother, Burroughs, NCR and Qualcomm. DCT has steadily grown its business based on an intellectual property (IP) portfolio that includes 25 patents and specializes in adaptability and mobility. DCT maintains an aggressive IP strategy to defend its technology and market leadership position.
DCT, formerly Sysview Technology (SYVT), supplies cost-effective secure imaging products to its partners in industries as diverse as banking, transportation, health care, legal, law enforcement and entertainment. The company’s proprietary System Development Kits allow for a broad range of applications, fast time-to-market and unique ease-of-integration for its partners and customers. The company’s solid financial base results from serving diversified markets with products that are reliable, flexible, well-supported and delivered on-time.
DCT’s commitment to R&D and product innovation has resulted in the ability to continue to create demand-driven products on the forefront of the paper-to-digital revolution. With the proliferation of ‘green’ initiatives to efficiently reduce waste, greater requirements for secure information processing (HIPPA), and accelerated financial transactions (Check 21 legislation, mobile workforce), the demand for innovative ways to digitally capture, authenticate, store, share, and manage information is clearly increasing and DCT is pursuing these significant market opportunities for continued future growth.
For additional information, please see Document Capture's corporate website: www.docucap.com.
DISCLOSURE: NO POSITIONPlayers Network (OTC:PNTV) Jumps 20% on Heavy Volume
Shares of Players Network (OTC:PNTV) jumped more than 20 percent today on heavy volume on no news. In late trading, the stock was up 4 cents at $0.21 per share on volume of more than 1.1 million shares compared to its average daily volume of only about 350,000 shares. Players Network has a market cap of $12 million and a 52-week range between $0.04 and $0.41 per share.
Players Network is a digital media company with a 12-year history of producing and distributing high-quality Las Vegas and Gaming Lifestyle programming. Its extensive distribution platforms include Television, Internet, DVD, downloadable platforms, In-Room and Mobile.
Telecast as Vegas On Demand in over 22,000,000 homes in the U.S., and over 121,000,000 homes throughout Europe, Players Network’s televised channels provide original and entertaining programming featuring established gaming experts, celebrity hosts, and desirable gaming destinations.
All programs are conceived and produced to create successful advertising, promotional, and merchandising opportunities for sponsors, affiliates, and featured destinations. With televised programming, extensive broadband partnerships and mobile distribution, brands integrated into Players Network’s programs enjoy targeted message effectiveness on a global scale, with measurable viewership and results.
Players Network focuses on the Las Vegas and Gaming Lifestyles, producing and distributing original content for its own VOD Channels on television in over 28,500,000 homes over Comcast, DirecTV, AT&T, Verizon and Dish Network and its own Broadband Network, Hulu, Blinkx, Google, YouTube and Yahoo Video, for DVD Home Video, mobile platforms, and through worldwide television syndication.
Players Network has a program library of over 1500 titles. Players Network has a 12-year history of providing consumers with quality Gaming and Las Vegas Lifestyle content, as well as strategic partnership services in Las Vegas, Atlantic City, and throughout the worldwide gaming industry.
For more information go to www.playersnetwork.info
Energy Stocks Trading Alert; (OTCBB: AAPH), (NYSE:BP) (NYSE:CVX) (NYSE:CHK)
Point Roberts WA- November 18, 2010 (Investorideas.com Energy Newswire) – www.Investorideas.com reports on energy stocks trading for November 18th for interested oil and gas investors.
Energy Stocks Trading November 18th, 2010 (at time of release)
American Petro-Hunter, Inc. (OTC.BB: AAPH) trading $ 0.34, up 0.01 (3.03%)
BP (NYSE: BP) trading at $42.11 up 0.51 (1.21%)
Chevron Corporation (NYSE: CVX) trading $83.67 up 1.27 (1.54%)
Chesapeake (NYSE: CHK ) trading at $22.17 up 0.07 (0.32%)
Market Summary at time of release
Dow 11,190.65 +182.77 +1.66%
Nasdaq 2,523.20 +47.19 +1.91%
S&P 500 1,199.60 +21.01 +1.78%
10 Yr Bond (%) 2.9260% +0.0620
Oil 82.11 +1.67 +2.08%
Gold 1,336.80 +14.30 +1.07%
Recent Oil and Gas Stocks News
Recent Oil and Gas Stocks News on Investorideas.com
Trading Alert for Oil and Gas Investors; American Petro-Hunter (OTCBB: AAPH) Research Highlights
“American Petro-Hunter provides an exciting short term and long term investment opportunity.” - Grass Roots Research and Distribution, Inc
Research AAPH.OB Today! www.aaphreport.com
Point Roberts, WA - November 17, 2010 - The Investorideas.com Energy Newswire makes recent Oil and Gas stock research reports and CFA commentary on American Petro-Hunter Inc (OTCBB: AAPH ) available to oil and gas investors.
Lisa Springer, CFA, equity research analyst and financial writer features AAPH in both Oil and Gas sector commentaries; “The Role of Independent Producers in America’s Energy Future” and “Untapped Opportunity in Shale Oil”. Reports include Big Players in the Oil and Gas Sector Including Devon Energy (NYSE:DVN), Chesapeake (NYSE:CHK), Sandridge (NYSE:SD), ExxonMobil (NYSE:XOM), Newfield Exploration (NYSE:NFX) and American Petro-Hunter (OTCBB: AAPH)
The Cohen report by Grass Roots Research and Distribution notes, “Based on an average of these methods, AAPH common stock is valued at $1.02 per share, 191.3% higher than current market price of $0.34.”
Full report at www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
Full New at: http://www.investorideas.com/CO/AAPH/news/11172.asp
Chesapeake Energy Corporation (NYSE: CHK ) Recent News:
Chesapeake Energy Corporation and CNOOC Limited Announce Closing of Eagle Ford Shale Project Cooperation Agreement
“Chesapeake Energy Corporation today announced the closing of a project cooperation agreement whereby CNOOC International Limited, a wholly owned subsidiary of CNOOC Limited, purchased a 33.3% undivided interest in Chesapeake’s 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas. The consideration for the transaction was $1.08 billion in cash, plus an additional $40 million payment adjustment at closing. In addition, CNOOC Limited has agreed to fund 75% of Chesapeake’s share of drilling and completion costs up to $1.08 billion, which Chesapeake expects to occur by year-end 2012.
Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “We are very pleased to have partnered with CNOOC Limited in completing our fifth industry shale development transaction. We look forward to accelerating the development of this large domestic oil and natural gas resource, resulting in a reduction of our country’s oil imports over time, the creation of thousands of high-paying jobs in the U.S. and the payment of very significant local, state and federal taxes.”
Full News at: http://finance.yahoo.com/news/Chesapeake-Energy-Corporation-bw-4025156033.html?x=0&.v=1
About Chesapeake Energy Corporation (NYSE: CHK )
Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Granite Wash, Eagle Ford, Niobrara and various other unconventional liquids plays. The company has also vertically integrated its operations and owns substantial midstream, compression, drilling and oilfield service assets. Further information is available at www.chk.com.
Chevron Corporation (NYSE: CVX) Recent News:
Chevron Energy Solutions Receives Highest Level of Recognition From OSHA's Voluntary Protection Program
“Chevron Energy Solutions, a unit of Chevron Corporation (NYSE:CVX - News), announced today that its operation of the Central Utility Plant at Fort Detrick has earned Star Status from the Occupational Safety and Health Administration's (OSHA) Voluntary Protection Program (VPP). The Star VPP is OSHA's prestigious safety and health certification that recognizes employers and workers in private industry and federal agencies who have implemented exemplary occupational safety and health management systems and maintain injury and illness rates below national Bureau of Labor Statistics averages for their respective industries.”
Full News at: http://www.pennypayday.com/125/section.aspx/178814/cvx
Research more energy stocks:
Visit the oil and gas stocks directory listing publicly traded stocks from multiple global stock exchanges including TSX, ASX, OTC, NASDAQ and NYSE.
http://www.investorideas.com/OGSN/Stock_List.asp
More info : American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets. www.americanpetrohunter.com
Company Research
http://www.aaphreport.com/
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Disclaimer/ Disclosure: The following news is paid for and /or published as information only for our readers. American Petro-hunter Inc. (AAPH.OB) one month showcase energy stock on Investorideas.com and all related energy portals and blogs (twenty thousand per month) Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of principal .This site is currently compensated by featured companies, news submissions and online advertising.
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Energy Stocks Trading November 18th, 2010 (at time of release)
American Petro-Hunter, Inc. (OTC.BB: AAPH) trading $ 0.34, up 0.01 (3.03%)
BP (NYSE: BP) trading at $42.11 up 0.51 (1.21%)
Chevron Corporation (NYSE: CVX) trading $83.67 up 1.27 (1.54%)
Chesapeake (NYSE: CHK ) trading at $22.17 up 0.07 (0.32%)
Market Summary at time of release
Dow 11,190.65 +182.77 +1.66%
Nasdaq 2,523.20 +47.19 +1.91%
S&P 500 1,199.60 +21.01 +1.78%
10 Yr Bond (%) 2.9260% +0.0620
Oil 82.11 +1.67 +2.08%
Gold 1,336.80 +14.30 +1.07%
Recent Oil and Gas Stocks News
Recent Oil and Gas Stocks News on Investorideas.com
Trading Alert for Oil and Gas Investors; American Petro-Hunter (OTCBB: AAPH) Research Highlights
“American Petro-Hunter provides an exciting short term and long term investment opportunity.” - Grass Roots Research and Distribution, Inc
Research AAPH.OB Today! www.aaphreport.com
Point Roberts, WA - November 17, 2010 - The Investorideas.com Energy Newswire makes recent Oil and Gas stock research reports and CFA commentary on American Petro-Hunter Inc (OTCBB: AAPH ) available to oil and gas investors.
Lisa Springer, CFA, equity research analyst and financial writer features AAPH in both Oil and Gas sector commentaries; “The Role of Independent Producers in America’s Energy Future” and “Untapped Opportunity in Shale Oil”. Reports include Big Players in the Oil and Gas Sector Including Devon Energy (NYSE:DVN), Chesapeake (NYSE:CHK), Sandridge (NYSE:SD), ExxonMobil (NYSE:XOM), Newfield Exploration (NYSE:NFX) and American Petro-Hunter (OTCBB: AAPH)
The Cohen report by Grass Roots Research and Distribution notes, “Based on an average of these methods, AAPH common stock is valued at $1.02 per share, 191.3% higher than current market price of $0.34.”
Full report at www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
Full New at: http://www.investorideas.com/CO/AAPH/news/11172.asp
Chesapeake Energy Corporation (NYSE: CHK ) Recent News:
Chesapeake Energy Corporation and CNOOC Limited Announce Closing of Eagle Ford Shale Project Cooperation Agreement
“Chesapeake Energy Corporation today announced the closing of a project cooperation agreement whereby CNOOC International Limited, a wholly owned subsidiary of CNOOC Limited, purchased a 33.3% undivided interest in Chesapeake’s 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas. The consideration for the transaction was $1.08 billion in cash, plus an additional $40 million payment adjustment at closing. In addition, CNOOC Limited has agreed to fund 75% of Chesapeake’s share of drilling and completion costs up to $1.08 billion, which Chesapeake expects to occur by year-end 2012.
Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “We are very pleased to have partnered with CNOOC Limited in completing our fifth industry shale development transaction. We look forward to accelerating the development of this large domestic oil and natural gas resource, resulting in a reduction of our country’s oil imports over time, the creation of thousands of high-paying jobs in the U.S. and the payment of very significant local, state and federal taxes.”
Full News at: http://finance.yahoo.com/news/Chesapeake-Energy-Corporation-bw-4025156033.html?x=0&.v=1
About Chesapeake Energy Corporation (NYSE: CHK )
Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Granite Wash, Eagle Ford, Niobrara and various other unconventional liquids plays. The company has also vertically integrated its operations and owns substantial midstream, compression, drilling and oilfield service assets. Further information is available at www.chk.com.
Chevron Corporation (NYSE: CVX) Recent News:
Chevron Energy Solutions Receives Highest Level of Recognition From OSHA's Voluntary Protection Program
“Chevron Energy Solutions, a unit of Chevron Corporation (NYSE:CVX - News), announced today that its operation of the Central Utility Plant at Fort Detrick has earned Star Status from the Occupational Safety and Health Administration's (OSHA) Voluntary Protection Program (VPP). The Star VPP is OSHA's prestigious safety and health certification that recognizes employers and workers in private industry and federal agencies who have implemented exemplary occupational safety and health management systems and maintain injury and illness rates below national Bureau of Labor Statistics averages for their respective industries.”
Full News at: http://www.pennypayday.com/125/section.aspx/178814/cvx
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More info : American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets. www.americanpetrohunter.com
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