Here it is my new friends. This is my new thread to talk about my latest U.S. stock picks and trading strategies. I'll list my trades here for all to see and will let y'all know what I'm watching.
I'm huge! You're huge! Let's make some $$$!!!
YEEEEEEEEEEHAAAAAAAAAAAAAAAAAA!!!!
websman
3rd-December-2005, 09:01 AM
Here's what I holding...
ELN - Bought at $6.89. Closing price today was $10.30. :D
EZEN - Bought at $2.50. Closing price today was $2.45. :banghead:
I need some new picks. Anyone have some suggestions?
crash82au
3rd-December-2005, 09:49 AM
Hey websman, watching any tech stocks on the nyse? Wouldnt mind a little help on this sector in the states. I wish I could afford to invest in Google(GOOG). Unfortunately its got a high buy in prices and Im sure the trend will not continue, I should of bought in at $85, if only I had gathered interest in dabbling in the sharemarket earlier this year!
Danial
karmatik
3rd-December-2005, 10:13 AM
Hey websman, watching any tech stocks on the nyse? Wouldnt mind a little help on this sector in the states. I wish I could afford to invest in Google(GOOG). Unfortunately its got a high buy in prices and Im sure the trend will not continue, I should of bought in at $85, if only I had gathered interest in dabbling in the sharemarket earlier this year!
Danial
Hi Danial
Do you trade any of the US exchanges? If so, how do you feel about currency changes between AUS and US dollar. Do you think its risky, with loss of profits due to AUS dollar strength against the US? Im very curious about trading in the US exchange.
websman
3rd-December-2005, 10:42 AM
Hey websman, watching any tech stocks on the nyse? Wouldnt mind a little help on this sector in the states. I wish I could afford to invest in Google(GOOG). Unfortunately its got a high buy in prices and Im sure the trend will not continue, I should of bought in at $85, if only I had gathered interest in dabbling in the sharemarket earlier this year!
Danial
Not many of my picks are NYSE stocks. The small caps on the Nasdaq and American Exchange do much better for me. On occasion I'll find a good NYSE stock, but there's not really enough volatilty to make it very profitable.
As far as GOOG, I agree it would have been a good buy at $85, but it's way too pricy at this point.
crash82au
3rd-December-2005, 10:42 AM
hey karmatik , Im really new to all of it. I plan to trade the international markets later once im competent with the australian market and the sharemarket in general. At the moment I do have to say the risk of the aud/usd falling is a bit of a concern to me. Obviously its a two way street. Once I learn the basics of trading stocks I'll look into currencies a little more.
Danial
websman
3rd-December-2005, 10:46 AM
Hi Danial
Do you trade any of the US exchanges? If so, how do you feel about currency changes between AUS and US dollar. Do you think its risky, with loss of profits due to AUS dollar strength against the US? Im very curious about trading in the US exchange.
1.00 AUD Australian Dollar = 0.746491 USD US Dollar
I don't see where the risk is that great.
websman
3rd-December-2005, 12:41 PM
Hey websman, watching any tech stocks on the nyse? Wouldnt mind a little help on this sector in the states. I wish I could afford to invest in Google(GOOG). Unfortunately its got a high buy in prices and Im sure the trend will not continue, I should of bought in at $85, if only I had gathered interest in dabbling in the sharemarket earlier this year!
Danial
I'll try to find you a few good picks this week.
Cheers,
Webs...
RichKid
4th-December-2005, 10:51 PM
Admin Note: I've moved the non-stock chit chat to the General Forum under 'Vulcans who Trade for Fun' so this thread can stay focused on US stocks. Much tidier this way.
websman
7th-December-2005, 09:02 AM
Admin Note: I've moved the non-stock chit chat to the General Forum under 'Vulcans who Trade for Fun' so this thread can stay focused on US stocks. Much tidier this way.
So, I'm only supposed to discuss stocks in here and if I have anything else to say, I'm supposed to post it in the other thread that has been moved.
Therefore, if I want to mention a stock, yet I have an irrelevant comment, I must split my post between two threads.
Ahhh, now I think I get it. You, know I'm from the southeastern part of the U.S., which qualifies me to be a redneck. Rednecks tend to be simple minded and we get confused quite easy. Heck the other day, I was rotating the tires on my pickup truck and I forgot to put one of the tires back on. I didn't realize it until I started to back out of the driveway and the truck fell off of the jack... Uh, hang on a minute...I'm supposed to be posting this in the other thread, ain't I?
oops...sorry there Kid. I'll repost this over there... :banghead:
I'll move my stock posts over here...
websman
7th-December-2005, 09:16 AM
I'm glad I haven't bought MLPH.OB yet. It dropped .26 today.
Quote:
Originally Posted by Kauri
I hate to say it, but try PNO,
PNOPharmanet Group LimitedNovember 200530thResults of AGM30thUS Listed Biotechnology Company Acquires MPL15thAdministrators appointed to Medical Products Group
That's it. It's PNO. I'm trying to find out everything I can about it. If what this company is claiming about their drug is true, it could be huge.
RichKid
7th-December-2005, 09:40 AM
So, I'm only supposed to discuss stocks in here and if I have anything else to say, I'm supposed to post it in the other thread that has been moved.
Therefore, if I want to mention a stock, yet I have an irrelevant comment, I must split my post between two threads.
Ahhh, now I think I get it. You, know I'm from the southeastern part of the U.S., which qualifies me to be a redneck. Rednecks tend to be simple minded and we get confused quite easy. Heck the other day, I was rotating the tires on my pickup truck and I forgot to put one of the tires back on. I didn't realize it until I started to back out of the driveway and the truck fell off of the jack... Uh, hang on a minute...I'm supposed to be posting this in the other thread, ain't I?
oops...sorry there Kid. I'll repost this over there... :banghead:
I'll move my stock posts over here...
Hi Webs,
It's okay to mention a few things not directly related to the stock here; humour is always good but the reason I separated your earlier thread was because it was in the International Forum (which deals with overseas stocks, international indices/markets etc) and it had about a page or more of just non-trading stuff- I didn't split it up intially as I wanted to see if it would revert to stock discussion but it kept going off on a tangent (off-topic) so I had to split it. I can manually move your stock posts from the general Vulcan thread in the General forum to this International forum so you wont have to repost your stock posts from there- that's what I'm here for.
If you could keep the posts in this thread predominantly on stocks that'll be great. Feel free to discuss any general stuff about Australia, your interests, non-stock questions etc in the General forum (browse through that forum to see the types of topics that fit in there)- also check for existing threads if you want to start a thread on a specific issue as it may have been covered before already, you can just add to that existing thread, that way we don't end up with multiple threads on the same point as that's unnecessary duplication. but if you have a genuinely new thread then by all means start up a new thread with an appropriate title so people know what it's about when we browse or search through the forums.
Also I don't think you're simple minded or a red-neck from what I've seen of your posts but things do take a bit of getting used to initially with a different forum like ours (we like to think we are different!)- just check the posting guidelines and code of conduct from time to time to see how it's done here and browse through the forums to get a feel for what goes where and how we organise ourselves.
Any questions please ask, I prefer not to interfere/interject as moderator so it'll be good to get this sorted.
btw, we have another regular called MARKETWAVES from the US who posts lots of great Elliott Wave stuff, you can search for his posts by his name, he may have been feeling a bit lonely here on ASF not having many fellow US markets followers to chat with so maybe you guys can exchange views on US stocks here as well, send him a pm to say hello if you like.
All the best,
Rich
websman
7th-December-2005, 10:04 AM
If y'all get a chance, check out CDV. It's on a roll. I may buy it, if I can catch a pullback.
I'm bearish on the U.S. market at this point. Sure it's made a good run lately, but after the pullback towards the close today, I think we may be done for now.
websman
7th-December-2005, 10:06 AM
I'm looking at JOE as a possible short canidate, but I have to wait for a proper setup.
JOE is a local company that has been building a lot of nice housing developments. Business had been great for them this past year, but the real estate market is starting to dry up, plus interest rates are starting to go up. I'd hate to have a varibale rate mortgage. My home is paid for though...no worries. :bananasmi
websman
7th-December-2005, 01:44 PM
Here's my positons
ELN - Bought at $6.89. Closing price today was $10.86. :dance:
EZEN dropped too far. I took a .10 loss at $2.40. :swear:
I'll place these limit orders for tomorrow. I guess that would be tonight for you Aussies. I gotta get used to this time change...
(All buy orders)
ARRS @ $10.02
MTEX @ $13.10
TRLG @ $14.65
I'm being conservative as I'm not confident that the market will continue to run.
Lyehopper
7th-December-2005, 05:29 PM
Hi Webs,..........
..........Also I don't think you're simple minded or a red-neck from what I've seen of your posts but things do take a bit of getting used to initially with a different forum like ours (we like to think we are different!)
Rich
yep.... he's a redneck all right.... now ME? I'm much more refined and schooled than Webs.... My pickup truck is a dually.... so I don't need to rotate the tires.
:arsch: hey webs!!!! hahaaaa...... Oh crap!!!.... stocks!... that's right.... uhhhhh Short sell VPHM..... yeah that's why I came over here.... Short VPHM.
Lyehopper
8th-December-2005, 03:29 AM
Intraday rally in VPHM (currently up about 8%...18.95).... short the rally top @ around $19.00 when you see weakness.... good for 10% gain by tomorrow... IMO
Lyehopper
8th-December-2005, 03:55 AM
Intraday rally in VPHM (currently up about 8%...18.95).... short the rally top @ around $19.00 when you see weakness.... good for 10% gain by tomorrow... IMO
here's an intraday chart and my plan to "stalk" this stock short.... As soon as I see this triangle form I'll short VPHM today.
here's an intraday chart and my plan to "stalk" this stock short.... As soon as I see this triangle form I'll short VPHM today.
http://img283.imageshack.us/img283/7186/vphm1107051tn.png
OK fellas I've "stalked" VPHM long enough.... I'm movin in for the kill.... I'm short VPHM right now @ 18.49.... let's see how she plays out!
websman
8th-December-2005, 09:46 AM
Ok dudes,
My order for ARRS filled today at $9.99. It closed at $9.82 and is up a couple on pennies after hours. I feel confident with this one and don't have a fortune tied up in it, so I'll set a mental stop around 10%. I usually go with 5%.
Wow, look at ELN! I made a killing on this one today! Up $1.17 today. This is too easy! I love it! BWAAAAAAAAAAAAHAHAAAAAAAAAAAAAA!!!!
:jump:
TRLG is on a roll. Too bad it never met my limit price, but it can't go on forever. I'll buy it one day.
websman
8th-December-2005, 01:27 PM
I'm glad I haven't bought MLPH.OB yet. It dropped .26 today.
That was yesterday...
It dropped another 65 cents today! Down to $1.15.
This Tripeptofen stuff must not be so hot after all. Then again, if it drops more, it could turn into a buying opportunity.
I'd still like to here from any of you guys that are familar with this so called "miracle" pain releiving drug. It's supposed to be an anelgesic cream, that takes pain away when you rub it on. It originated in Australia. The Australian stock symbol is PNO.
Here's the info I got from Kauri. Thanks Kauri!
Originally Posted by Kauri
I hate to say it, but try PNO,
PNOPharmanet Group LimitedNovember 200530thResults of AGM30thUS Listed Biotechnology Company Acquires MPL15thAdministrators appointed to Medical Products Group
There are also some links for more info on the original post from Kauri
http://www.aussiestockforums.com/forums/showpost.php?p=26344&postcount=85
websman
8th-December-2005, 02:02 PM
OK fellas I've "stalked" VPHM long enough.... I'm movin in for the kill.... I'm short VPHM right now @ 18.49.... let's see how she plays out!
VPHM will tank tomorrow. :goodnight
Kauri
8th-December-2005, 05:10 PM
Websmen.. Don't know if you follow charts but here is PNO weekly chart. Tripeptofen was announced here over a year back, price has tanked a touch since then :eek: .
With around 200,000,000 shares in the market at Aus$0.045c she has a market cap of Aus$9,000,000.
A good place to find out about Aussie stocks is Stockness, a free site, put in the share code i.e PNO.. and bring up a daily chart,intraday chart, course of trades for the day, news/announcements... http://stocknessmonster.com/
Have a good one :)
Lyehopper
9th-December-2005, 06:42 AM
VPHM will tank tomorrow. :goodnight
Well so far this morning it has shown great strength :swear: .... I guess I figured that with the new shares being prices @16.75 that the price would tend to gravitate to that general area.... WRONG!!!! :banghead: well I'm hanging in short for a while longer and see if she corrects.... intraday is finally showing some weakness in the PM.... Maybe I should have waited just ONE more day to attack :samurai:
websman
9th-December-2005, 09:38 AM
Ok dudes,
My order for ARRS filled today at $9.99. It closed at $9.82 and is up a couple on pennies after hours. I feel confident with this one and don't have a fortune tied up in it, so I'll set a mental stop around 10%. I usually go with 5%.
Of course I changed my mind and decided to set a tight stop on ARRS since futures weren't looking to hot. I got screwed. My stop got triggered and then ARRS promtly climbed past my buy point... :swear:
Another lesson learned. Stick to the friggin plan Vulcan!!!
Lyehopper
10th-December-2005, 02:50 AM
Bought OSUR in the gap this morning.... $12.38
This OSUR is one to watch....
Holding my VPHM short still.... Showing continued weakness but hanging on.... hope it slides today but I'm not so sure it will.
I've done some interesting TA on market timing I'll share later using the VXO... when I get time I'll post some marked up charts. It shows that you SHOULD have protected profits and went into cash the week of 11/28/05....
wayneL
10th-December-2005, 03:24 AM
Bought RADS Shortly after the open..up ~8% atm
Looking forward to your work on market timing Lye'... Vol charts always interesting...
Lyehopper
10th-December-2005, 05:02 AM
Here's a marked up daily chart on VPHM and my reasonong to stick short.
Looking forward to your work on market timing Lye'... Vol charts always interesting...
Nice move on RADS!
ELN gain another .10. I'm in shock. My profits so far are huge.
Lyehopper
10th-December-2005, 04:23 PM
Bought RADS Shortly after the open..up ~8% atm
Nice play on RADS Wayne! I like it's chart ok too. Pretty cup and handle.... Only thing negative is... I hate that gap @ $12.01....
websman
11th-December-2005, 02:03 AM
Websmen.. Don't know if you follow charts but here is PNO weekly chart. Tripeptofen was announced here over a year back, price has tanked a touch since then :eek: .
With around 200,000,000 shares in the market at Aus$0.045c she has a market cap of Aus$9,000,000.
A good place to find out about Aussie stocks is Stockness, a free site, put in the share code i.e PNO.. and bring up a daily chart,intraday chart, course of trades for the day, news/announcements... http://stocknessmonster.com/
Have a good one :)
MLPH has gone from $2 per share to .65 per share in the past week. Sounds to me like a pump and dump.
The drug sounds great , but something is looking a little fishy here. I'll keep investigating.
MARKETWAVES
12th-December-2005, 04:50 PM
AKAM...............
RichKid ,
Found this and been reading up on their prospects .....
Think this could be a good 1 yr play.
Listed below are 10 reasons why, along with various news articles.
Any comments? ......... Much appreciated ............
Hi Markets,
Interesting, looks like you've done a fair bit of reading (btw, what was point 10? didn't appear on the doc). Sounds good but I'd prefer a chart to the fundamentals. Don't think it's listed locally for us Aussies but maybe the other US traders may like it, what do you guys think of the chart?
(btw, will be interested in your EW view on gold, I expect a solid retracement but still a very powerful trend, I'm seeing oil reversing direction too atm, higher swing high about to occur...)
websman
14th-December-2005, 08:52 AM
AKAM...............
RichKid ,
Found this and been reading up on their prospects .....
Think this could be a good 1 yr play.
Listed below are 10 reasons why, along with various news articles.
Any comments? ......... Much appreciated ............
I would consider buying AKAM if it bounces off the 50 Day MA.
websman
15th-December-2005, 08:17 AM
I'm watching TIII for a possible pullback buy.
Other than that, my only present position is ELN. I haven't seen too many good setups in the past week or two. Patience is the key here.
Lyehopper
15th-December-2005, 09:25 AM
This morning I bought back one of my favorites and one of my top winners this year. ECOL.... I've been watching it closely and it has tested the 61.8% retracement line twice and bounced off it hard today on HUGE volume.... up about 800% above average with NO news. Should perform well on this run. If you ever liked and researched Ernie's pick BEL?.... You'll love this sucker, check it out! I posted about on the BEL thread a while back.
websman
15th-December-2005, 09:53 AM
This morning I bought back one of my favorites and one of my top winners this year. ECOL.... I've been watching it closely and it has tested the 61.8% retracement line twice and bounced off it hard today on HUGE volume.... up about 800% above average with NO news. Should perform well on this run. If you ever liked and researched Ernie's pick BEL?.... You'll love this sucker, check it out! I posted about on the BEL thread a while back.
BEL looks like a cup and handle.
ECOL looks very good. Heck, I may buy some myself.
websman
16th-December-2005, 08:44 AM
ELN was up $1.33 today. The money keeps rolling in. This is too easy.
http://finance.yahoo.com/q?s=eln
DMK
16th-December-2005, 10:12 AM
ELN was up $1.33 today. The money keeps rolling in. This is too easy.
http://finance.yahoo.com/q?s=eln
Good going, I bought ELN yestarday. Too bad it was in my my simulator account :(
crash82au
16th-December-2005, 10:13 AM
Hey websman, any more news on TIII?
Danial
DMK
16th-December-2005, 10:16 AM
Hey websman, any more news on TIII?
Danial
I would stay away from it, pretty harsh down move a couple of days, something like 25%!
crash82au
16th-December-2005, 10:20 AM
Yeah DMK, might be worth the pullback buy as webs mentioned.
Danial
websman
16th-December-2005, 11:21 AM
Yeah DMK, might be worth the pullback buy as webs mentioned.
Danial
It climbed today, but I'm still hoping for a pullback. I'm not sure if we'll get it, but if not, I'll just move on to one of the other 8,000 or so stocks.
websman
17th-December-2005, 10:22 AM
If y'all get a chance, check this article out and tell me what you think. I'm still researching this company (MLPH.OB)
It climbed today, but I'm still hoping for a pullback. I'm not sure if we'll get it, but if not, I'll just move on to one of the other 8,000 or so stocks.
TIII? Did you see the 30% pullback from the highs? Isn't that enough? lol
websman
18th-December-2005, 01:53 PM
TIII? Did you see the 30% pullback from the highs? Isn't that enough? lol
I want more...
websman
20th-December-2005, 09:39 AM
TIII took a big hit today. It's getting closer to my buy point.
Lyehopper
20th-December-2005, 11:22 AM
TIII took a big hit today. It's getting closer to my buy point.
Dude! This shoulda been your POTW short pick!!!!
websman
20th-December-2005, 02:26 PM
Dude! This shoulda been your POTW short pick!!!!
You're right. It would have made me $$$!
Lyehopper
21st-December-2005, 04:57 PM
I shorted ESLR Monday @ around $12. It's my POTW pick too and I'm in first place right now.... YEEEEEEEE HAAAAAAAA!!!!
ESLR has broken the neckline on the SHS pattern and should head on lower.
It has a low RV = 0.48.... Negative earnings and just SUCKS in general. Overvalued junk IMO. Check out the way the 61.8% Fib retracement line intersects with the 4 x 1 Gann fan line..... Right at the $8.49 gap too! Reminds me of PARL's retracement. Check out the "month over month" short interest.... up,up,up..... ESLR's going.... down,down,down....
Webs, Got it from my super secret V-V short search dude....hehehe
Excellent pick LYE! You are quickly taking my place as the leader.
By the way, I've been very busy and haven't got your wine sent yet, but I will get it shipped to you very soon.
websman
22nd-December-2005, 08:29 AM
Ok Lye,
who is the "super secret V-V short search dude"?
Lyehopper
23rd-December-2005, 02:09 AM
Ok Lye,
who is the "super secret V-V short search dude"?
I think you mean..... "What" is it?.... It's a short search I created using Vector-Vest's Unisearch tool.
Just to test my search a little bit more. Watch OS. Seems to be gaining strength right?.... Seems to be a cup/handle base working. Has a low P/E of around 7.... BUT my top secret short search and me think it will sell off from the current price of just south of $29 to about $22.50 pretty soon, a 20%+ gain if you were short. Watch it and see we're right.
websman
23rd-December-2005, 09:27 AM
I bought CDV today at $2.67. Too bad that's where it also closed at. If I'm patient, I should see some gains.
jiesen
24th-December-2005, 11:30 AM
I'll try to find you a few good picks this week.
Cheers,
Webs...
here are some ideas (not necessarily in this order)
find out which is best next week, same bat time, same bat channel, at
www.mrmarketishuge.com
websman
24th-December-2005, 11:42 AM
Welcome Jeisen! I see you really are trying to take over the world.
Be careful about posting links. The Aussie administrator doesn't allow it. Don't worry though, I will say a prayer for you.
"Dear Richkid, forgive Jeisen for his sins upon the Australian community. He is not wise to the great Aussie ways, but I will show him the light. Amen."
Now Jeisen... If you will drink a Foster beer and down a jar of vegamite, while staring at a picture of Ayers Rock, and Ye shall be forgiven. :bigthumb:
websman
24th-December-2005, 11:43 AM
Hey websman, any more news on TIII?
Danial
TIII is getting close to my buy point. I'll report back later with the target price.
jiesen
24th-December-2005, 12:16 PM
Now Jeisen... If you will drink a Foster beer and down a jar of vegamite, while staring at a picture of Ayers Rock, and Ye shall be forgiven. :bigthumb:
I'm more of a Corona man, actually. For a refreshing Corona experience, just visit www... oops nevermind! yeah, got it webs, no more links from me- maybe I'll just stick it in my profile, and put a signature saying to check that instead?
doctorj
24th-December-2005, 12:45 PM
Now Jeisen... If you will drink a Foster beer and down a jar of vegamite, while staring at a picture of Ayers Rock, and Ye shall be forgiven. :bigthumb:
All fine ideas, however, I should point out that there is a reason why we export fosters. If it was any good - we'd keep it here like we do with many other fine brews. Come to think of it, I don't recall having seen Fosters for sale at a pub here.
crash82au
24th-December-2005, 01:49 PM
Fosters on tap? Not here in qld ;p I think even Guiness would be a more popular choice over Fosters :2twocents
Danial
crash82au
24th-December-2005, 01:51 PM
I keep forgetting there are two threads for the original one thats webs created :(
Danial
websman
24th-December-2005, 02:06 PM
I keep forgetting there are two threads for the original one thats webs created :(
Danial
It's all very complicated. This one is for stocks. :sly:
websman
29th-December-2005, 09:37 AM
This is starting to get boring. I must find a new angle. :goodnight
RichKid
29th-December-2005, 01:31 PM
Be careful about posting links. The Aussie administrator doesn't allow it. Don't worry though, I will say a prayer for you.
"Dear Richkid, forgive Jeisen for his sins upon the Australian community. He is not wise to the great Aussie ways, but I will show him the light. Amen."
Aaaargh!! It's only some links (affiliate/referrals, competing forums, ramps, ads, that kinda thing, geez!!).
Jeisen, thou art forgiven....
websman
29th-December-2005, 02:04 PM
Aaaargh!! It's only some links (affiliate/referrals, competing forums, ramps, ads, that kinda thing, geez!!).
Jeisen, thou art forgiven....
Thanks Rich!
You're a great guy! I hope you have a happy and prosperous new year!
Webs...
RichKid
31st-December-2005, 11:47 AM
Thanks Rich!
You're a great guy! I hope you have a happy and prosperous new year!
Webs...
Thanks Webs, all the best to you too for the coming new year! Hope it's a good one!!
....I've moved the posts on the general US market outlook for 2006 to a new thread in this same International Markets forum http://www.aussiestockforums.com/forums/showthread.php?t=2488
websman
11th-January-2006, 08:58 AM
Ok dudes,
I've been busy, so I haven't had much time to post here, but I am now ready to share my new watchlist with you. Keep in mind that this list is subject to change daily.
Just in case you aren't aware Webs, let me introduce you to MW, one of our resident EW specialists, you'll find lots of his charts here on ASF, what's more Markets is from the States too so say 'how do you do' fellas!!
Thanks for the chart Markets, a nice textbook breakout!
Here's what I'm holding and the price I bought it at...
SPIL @ 6.64
RADA @ 9.97
CFK @ 15.38
FUEL @ 3.93
AMKR @ 9.77
DTLK @ 5.90
EZM @ 2.10
Ok Dudes... Who owns one of these???
websman
26th-April-2006, 11:54 AM
Dudes...Why no responses??? Is anyone out there in Aussieland?
Oh well....I'll talk to myself. Here's what I'm holding and the price I bought them at. What do you think Mates? Anyone own any of these?
SPIL @ 6.64
RADA @ 9.97
CFK @ 15.38
FUEL @ 3.93
AMKR @ 9.77
DTLK @ 5.90
EZM @ 2.10
TGB @ 3.38
RichKid
26th-April-2006, 01:44 PM
Dudes...Why no responses??? Is anyone out there in Aussieland?
Oh well....I'll talk to myself. Here's what I'm holding and the price I bought them at. What do you think Mates? Anyone own any of these?
.......
......
Hey Webs,
It's coz very few here on ASF trade the US markets, if you're trading some dual listed stocks (eg Newmont, News Corp and some other smaller co's) you may see more interest, but again, those posts would be in the ASX stock chat forums under the relevant ASX code.
Maybe you can introduce some of your US trading mates to ASF to discuss stocks and trading tips and you'll see more discussion here? You can always hang out in the General forum or the Trading tactics forums, at least some of it would be of interest to you (eg see some of the systems trading posts and volume analysis threads in the trading tactics forum).
Another angle is if you're looking at studying a TA setup (as opposed to looking at the stock alone) you could post in the trading tactics forum (eg swing trading methods for low caps).
websman
30th-April-2006, 12:59 PM
Hey Webs,
It's coz very few here on ASF trade the US markets, if you're trading some dual listed stocks (eg Newmont, News Corp and some other smaller co's) you may see more interest, but again, those posts would be in the ASX stock chat forums under the relevant ASX code.
Maybe you can introduce some of your US trading mates to ASF to discuss stocks and trading tips and you'll see more discussion here? You can always hang out in the General forum or the Trading tactics forums, at least some of it would be of interest to you (eg see some of the systems trading posts and volume analysis threads in the trading tactics forum).
Another angle is if you're looking at studying a TA setup (as opposed to looking at the stock alone) you could post in the trading tactics forum (eg swing trading methods for low caps).
This would all be great...but I've been real busy with the VTP. I'm in the final testing phases and should have the Vulcantrader website up and running soon. The accuracy of the VTP has been amazing. My goal is to show others how to be as successful as I have been.
Thanks for all the kindness Rich. You've been a fantastic host. I'll keep checking in from time to time. :)
RichKid
30th-April-2006, 01:27 PM
This would all be great...but I've been real busy with the VTP. I'm in the final testing phases and should have the Vulcantrader website up and running soon. The accuracy of the VTP has been amazing. My goal is to show others how to be as successful as I have been.
Thanks for all the kindness Rich. You've been a fantastic host. I'll keep checking in from time to time. :)
Hey webs,
That's great to hear, didn't know you were working on it, look forward to seeing it, is it commercial or more of a hobby-horse?
Glad to be of help, I trust you're enjoying all the new Aussie chatter on ASF. Check out the joke thread, I added a link to some heavy machinery pix.
websman
1st-May-2006, 11:51 AM
Hey webs,
That's great to hear, didn't know you were working on it, look forward to seeing it, is it commercial or more of a hobby-horse?
Glad to be of help, I trust you're enjoying all the new Aussie chatter on ASF. Check out the joke thread, I added a link to some heavy machinery pix.
I'm not in it for the money. My site will be free.
I'll check the joke thread out!
websman
1st-May-2006, 11:52 AM
I'll be watching these stocks for a big move...mostly gold stocks.
GLG AUY TRE
IVAC (not a gold stock)
RichKid
1st-May-2006, 02:00 PM
I'll be watching these stocks for a big move...mostly gold stocks.
GLG AUY TRE
IVAC (not a gold stock)
Do you watch Newmont too Webs or is it too slow/big? Below resistance levels atm but once it breaks out it'll be a tough one to stop imo. Waiting for gold to retrace a bit, can it go on like this for another month??!!!
websman
2nd-May-2006, 08:17 AM
Do you watch Newmont too Webs or is it too slow/big? Below resistance levels atm but once it breaks out it'll be a tough one to stop imo. Waiting for gold to retrace a bit, can it go on like this for another month??!!!
Do you have a ticker symbol for Newmont?
I haven't bought any of these picks yet. At this point, I'm not sure I will.
I sold DTLK today. I had a small gain on it, but ended up selling for break even... :sly: I looks weak though and I didn't want to take a loss on it.
Here's the rest of my positions and the price I paid for them.
SPIL @ 6.64
I'll sell TGB if it drops more than 5% below my buy price.
I'll be watching TGB closely
ctp6360
2nd-May-2006, 09:00 AM
websman, what is your criteria for picking stocks, I've had a look at all the ones you are holding and can't really find a common theme between them (technically). None of them seem to be trending upwards...which is what I tend to base things on...
websman
2nd-May-2006, 10:16 AM
websman, what is your criteria for picking stocks, I've had a look at all the ones you are holding and can't really find a common theme between them (technically). None of them seem to be trending upwards...which is what I tend to base things on...
It's all based on the VTP. After the intitial scan is ran, the vectors are ran through the VTP for their respective ranking. If the ranking is high enough, it is then considered for a buy. At that point, I use find a proper entry point based on the daily chart patterns.
No theme is needed...just a potential for profit.
ctp6360
2nd-May-2006, 10:25 AM
sorry but I have no idea what VTP means, Vulcan Trading plan perhaps?
websman
2nd-May-2006, 10:50 AM
sorry but I have no idea what VTP means, Vulcan Trading plan perhaps?
Vulcan Trading Platform... It's my own unique system that myself and a few others have used effectively. My track record this year has been exceptional. I hope it continues. :)
ctp6360
2nd-May-2006, 11:22 AM
Cool is there a way I can find out more about this platform, I'm interested in trading some US stocks so this might be a good way to start!
websman
4th-May-2006, 06:27 AM
Here's an update of my positions and the price I paid for them...
I'll lock in profits on CFK if it continues to show weakness.
I'll be trying for an entry on NXG @ 3.86 tomorrow.
websman
5th-May-2006, 09:28 AM
I sold AMKR today for a profit. :)
ctp6360
5th-May-2006, 02:05 PM
Well done websman, I'm keeping a close eye on what you do as I'm going to be trading in the US market very soon, keep the tips coming :)
MARKETWAVES
7th-May-2006, 05:03 AM
UPDATE TIME
AKAM............CONTINUES ON IT’S UPWARD PATH
----------------------------------------------------------------
NO HINDSITE POSTED
Herse 's the link from the original post
http://www.aussiestockforums.com/forums/showthread.php?t=2376&page=4&pp=20
Scroll down to original post #70 in this thread .................
----------------------------------------------------------
2 new Charts attached - Showing Progress.......
websman
7th-May-2006, 07:02 AM
UPDATE TIME
AKAM............CONTINUES ON IT’S UPWARD PATH
----------------------------------------------------------------
NO HINDSITE POSTED
Herse 's the link from the original post
http://www.aussiestockforums.com/forums/showthread.php?t=2376&page=4&pp=20
Scroll down to original post #70 in this thread .................
----------------------------------------------------------
2 new Charts attached - Showing Progress.......
Nice call!
Keep posting the picks.
RichKid
8th-May-2006, 01:56 PM
UPDATE TIME
AKAM............CONTINUES ON IT’S UPWARD PATH
----------------------------------------------------------------
NO HINDSITE POSTED
Herse 's the link from the original post
http://www.aussiestockforums.com/forums/showthread.php?t=2376&page=4&pp=20
Scroll down to original post #70 in this thread .................
----------------------------------------------------------
2 new Charts attached - Showing Progress.......
That's one great run! Not over yet by the looks of it, some good research too in your original document Markets!! Well done. It's a shame I couldn't trade it off the ASX, glad you did well out of it.
websman
9th-May-2006, 07:46 AM
Today I went long on IMOS at $7.90. My target price is $13.25.
ctp6360
9th-May-2006, 08:14 AM
AKAM looks absolutely AMAZING, I've never seen such a smooth run before, is this typical of US stocks or is AKAM just a steady riser with low volatility?
websman
9th-May-2006, 08:46 AM
AKAM looks absolutely AMAZING, I've never seen such a smooth run before, is this typical of US stocks or is AKAM just a steady riser with low volatility?
I'm not quite sure that it's typical, but it is a nice run. I may have to consider picking up a few shares myself.
MARKETWAVES
12th-May-2006, 06:39 AM
Howdy Webs
Told you months ago about this one ...
What's great about this stock is its business model .
They have a propietery technology ....
Do you know what happens in business when you have a product that everybody wants and they cant get it anywhere else ?
Well , this is this AKAM ....Story .
------------------------------------------------------------------------------
Most people are picking stocks the wrong way because of logic and what the news puts infront of us .
Earnings, Future eannings and , voulme are among the worst things to look at when evaluating a stock .
- ( I expect to get a full blast argument over this statement by the way. )
------------------------------------------------------------------------
-Here are few things to look for ..........
to find stocks that may be going places .
these are the categhories
Category #1
- Learn to gauge competition within a marketplace or industry
Category #2
-Look for stocks that have been in debt for a long time and just paid off thier long term debt within the last 12-14 months . This is a true sighn of underlying Growth ....
Category #3
-Find stocks with Propietary technologioes and are the first to bring it to marketplace.
Category #4
- Try to find out what the Politiains are investing in .
They are rarely wrong .
Category #5
- Observe chart patterns , - especially Candlestick Formations ....
Learn all you can about Eastern Tecnicals .
Category #6
-Locate Sound Bases - within a stock chart and coordinate it with its Industry group chart .( look for both of these charts look alike . )
MARKETWAVES
13th-May-2006, 03:14 AM
HERE WE GO AGAIN
Another Politician today gave out and awarded another contract to big business ..............
This happens all the time , while you sit there analyzing volume and reading earning reports ... What a hoax !
Think about this ,
if a when a politician gives out a lucrative contract and why shouldn't they. They want contributions to their campaigns right ?
Well , if the company awarded is a publically traded company, isn't the politician in a position to aquire shares for his porfolio ? -especially knowing what this contract that has been awarded will do for the company's bottom line ?
Just some Food for thought ........
dutchie
13th-May-2006, 07:36 AM
Marketwaves
Thats called "inside trading" is it not?
MARKETWAVES
13th-May-2006, 09:27 AM
Dick Chaney is a politician, right?
He is the vice president, right?
He is also the Ceo of Haliburton, right?
Do you think being Ceo, that he owns shares of Haliburton?
Do you think Haliburton has been awarded any Long-term contracts?
Well, you think about this
More importantant....Do you think Haliburton is in a slump right now ?
-----------------------------------------------------------------------
The answer is no ..... I dont think they do insider trading.
(and besides this is not the point being made here.)
The idea here is to be aware of politicians awarding
contracts to big business and how it will affect their
bottom line so that you can possibly look for an
opportunity to get in and share in the glory.
By the way the same goes for Boeing
they are awarded contracts-
...Do you think they are in a slump right now?
THE LIST GOES ON -----
RichKid
13th-May-2006, 09:34 AM
-Here are few things to look for ..........
to find stocks that may be going places .
these are the categhories
Category #1
- Learn to gauge competition within a marketplace or industry
Category #2
-Look for stocks that have been in debt for a long time and just paid off thier long term debt within .......
And I'm sure you've got EW in there as well! Sounds like a good method.
webs, apologies for the delay, NEM is the code for Newmont (same for NYSE and ASX). MW had some great charts on NEM elsewhere on ASF, not sure if this is the best time to buy as gold is due for a correction, maybe MW will update the NEM charts, looks like an intermediate wave 2 is completing or has completed.
MARKETWAVES
13th-May-2006, 09:51 AM
Rich , I have given 6 diffrent criteria
I see you have picked the two that intest you the most ,
Currently I have 4 others in which to pay attention to.
- maybe I share them with you some time
Please understand by background in trading ... I learned Elliott-Waves trading Futures and Commodities.
----------------------------------------------------------------------
Elliott waves do not work well in individual stocks, in fact I don't
recall any of Mr. Nellson Elliott's work being in any individual stock.
so , please understand that Elliott-waves is not relevant here ...
Candlestick Formations are more important ( in stocks )
Let me repeat ..........
Candlestick formations are more important in trading stocks.
they are more important than earnings and volume ...
Remember OST that I pointed out to you this week. It has a great underlying story, but it was the candlestick formations in those charts that told me more than anything that support could hold ... they were whats called tweezer bottoms in Candlesick formation Language.
well, you know what happened to that one this week.
The Dow Jones and the Nasdaq fell off a cliff yesterday but OST went up in a sea of red ink out there. If it does well in these circumstances how will it do when the over-all markets are doing well?
I see you have picked the two that intest you the most ,
Currently I have 4 others in which to pay attention to.
- maybe I share them with you some time ................
...........
Remember OST that I pointed out to you this week. It has a great underlying story, but it was the candlestick formations in those charts that told me more than anything that support could hold ... they were whats called tweezer bottoms in Candlesick formation Language.
well, you know what happened to that one this week.
The Dow Jones and the Nasdaq fell off a cliff yesterday but OST went up in a sea of red ink out there. If it does well in these circumstances how will it do when the over-all markets are doing well?
-----------------------------------------------------------------------
Good point about EW, I've heard many say that futures charts and highly liquid blue chips seem to be more suited to classic EW. I'll post more in the OST thread about the stock, ran into resistance yesterday. Fascinating reading about your method MW, maybe it deserves a separate thread if you prefer....
I'm reading with interest, not many people use candlesticks like you do.
ok, I'd better not take this off topic.
MARKETWAVES
13th-May-2006, 10:05 AM
Hi MW,
That's a great method, I've had a look at the thread, I keep an eye on some of those factors but haven't really thought of it all before as a method, politicians have less of an effect here in Oz but it's a good point. It's a shame I couldn't take advantage of AKAM as it was listed overseas. I look for niche technology co's too but there aren't that many of quality.
Rich
Rich, there are opportunies right there where you are.
ask Nick Radge.....
.....It's just matter of understanding the chart formations themselves and the industry group that the the stock that you are interested in is poised to do . You can't just trade a good story in isolation. You cant just trade because you have to learn to identify dips. The best way to see dips by the way is on a longer term weekly or monthy charts . If you just pay attention to the daily charts you are wasting your time.
websman
13th-May-2006, 12:38 PM
Thanks for the ticker symbol Richkid, I'll check it out...
Wow...The U.S. market is in the middle of a correction...I saw some of my profits dwindle the past couple of days. I'm looking for the market to recover on Tuesday.
I did take profits on CFK today...unfortunately, I didn't get the amount of profit I could have.
I had a limit order fill on NXG today. I bought it at 4.06, which was the low of the day. It closed at 4.32. :) Maybe it'll hold???
If the market doesn't come back on Tuesday, it'll be time to sell my long positions and join the shorting party...
Interesting stuff Marketwaves! I'm liking what your posting.
RichKid
13th-May-2006, 01:16 PM
Thanks for the ticker symbol Richkid, I'll check it out...
Wow...The U.S. market is in the middle of a correction...I saw some of my profits dwindle the past couple of days. I'm looking for the market to recover on Tuesday.
webs,
Here's the NEM thread for the US listed stock, any comments on it should go there, easier to follow the discussion that way: http://www.aussiestockforums.com/forums/showthread.php?p=20903#post20903
websman
14th-May-2006, 05:52 AM
webs,
Here's the NEM thread for the US listed stock, any comments on it should go there, easier to follow the discussion that way: http://www.aussiestockforums.com/forums/showthread.php?p=20903#post20903
Thanks Richkid...You Aussies are so organized, and we Yanks are so sloppy...Ahhhhhhahahaaaaaaaa!!!
MARKETWAVES
14th-May-2006, 06:38 AM
Hi webs
Thanx for posting that link above,
I saw that one coming - clearly ......
I havent talked to DTM in some time now,
as I was directing most of that post to him. I wonder what markets he is watching these days.
////////////////////////////////////////////////////////////////////////////////////////
The main lesson in that postNEM( Base Building )...
is learning to look for a Solid Base in your travels as you look for a trading oppotunity.
-----------------------------------------------------------------
Stay away from break-outs, ( the word break-out is profanity )
- Stay away from markets that are overbought - its too late!
It took from May to October for that trade to materialize---
as you see it takes time -
To see my thinking on locating Sound Bases in a market-
click here
http://www.aussiestockforums.com/forums/showthread.php?t=1432
StockyBailx
14th-May-2006, 04:31 PM
Well alright fellows so you say? For all those who missed out GOOG I know of a few stocks that might make it worth your while. These are good momentum stock and show a lot of promise.
TIE and HANS have been moving very well at top dollar much like GOOG for the last 18 months. If there to pricy have a go at these two, very well positioned with a lot of momentum going for them. They are UPL and JOYG. If they don,t tickle your fancy or twist your ears.
-Have a go at SNVH- Synova Health Care, a well profound penny that has moved in leps and bounds in the last 3 months to 2.24 and looks to continue with it momentum and touch the sky. http://finance.yahoo.com/q?s=SNVH.OB
I think SNVH will cladly make up for any losses incured in the past.
Stock'ie'Bailz :cool:
-----A Penny a day keeps the doctor away----- :2twocents
websman
15th-May-2006, 11:51 AM
I won't be taking on anymore long positions until the market looks a little better. I'm in a wait and see mode. I wouldn't mind a good bear market, as long as it stayed that way for a while. I could think of some nice short positions.
One short candidate right now is AIRM. I may take a position and ride it down...
I did buy NXG at $4.06 on Friday. It closed at $4.32... :)
MARKETWAVES
17th-May-2006, 03:02 PM
Webs , don't sound so discouraged
You actually have some good picks ......
------------------------------------------------------------------------
There is a broad sell of in the markets as you know right now
interest rates went up last week again thanks to the Fed remember .
How could that be good stocks ?
------------------------------------------------------
Here's is Qualcomm ... - Got my eye on this one '
- You know who they are - No need to give a story to explain ......
All that matters is that it is dipping ...... Wishing for this to dip to around $40-$42
--------------------------------------------------------------------
Well , you watch
some one reading this post will ask " why won't you short it then?"
Don't think this way ,,,, please
Trading is about buying dips - We have had a 4 day broad based sell off ----Be happy .... Be on the lookout !
websman
18th-May-2006, 08:24 AM
Qualcomm... Nice pick Marketwaves. I'll keep an eye on it.
I'm not really discouraged, but I sitting in 100% cash, until a good buying opportunity happens. I actually consider this drop as a good thing. We've been due for a correction. I'm looking at the possibility, however of a larger correction than just a few days...not saying it will, but still a possibility. Neverless, I will probably take a few long positions, but will set my stops tight.
For now, my cash is looking good. I didn't lose a dime today! :D
Off topic...but I just got to say... Australia rules! :aus:
websman
20th-May-2006, 08:12 AM
I'll be looking to go long on PARL Monday. I'll chack the charts before I make my final decision, but I believe this one is just about ready to run again.
Hey Marketwaves... I tried to PM you, but your inbox was full. thanks for the message!
MARKETWAVES
24th-May-2006, 04:32 AM
Hi there webs ....
Today the news is talking up the Vonage IPO....
you the VOIP guys- ( phone calls over the internet) ....
Don't you think they are a little late to be Going Public ?
- What do you think of thier future .....Is it bright ?
I'm not big on Vonage. It's ok for international calling, but for domestic, cell phones are dominating.
MARKETWAVES
24th-May-2006, 09:01 AM
WAIT ....Webs
I am asking about the companys prospects and its ability to gain marketshare and grow the company .
This is what investors think about ..... Do think its a winner ?
Do you think it can grow . Do you think it can stage off the competition ?
Well , its big thing over here .......
------------------------------------------------------
So much so that Google and Yahoo just got into ......
So , this isn't about if you use it or not-....no pun intended .
---------------------------------------------------------------
and if its a big thing in America its gonna be a big thing elswhere in the world , its just a matter of time ..
We are talking abou telephone calls here ... ( A staple of life )
So I ask you again ......
websman
24th-May-2006, 11:10 AM
WAIT ....Webs
I am asking about the companys prospects and its ability to gain marketshare and grow the company .
This is what investors think about ..... Do think its a winner ?
Do you think it can grow . Do you think it can stage off the competition ?
Well , its big thing over here .......
------------------------------------------------------
So much so that Google and Yahoo just got into ......
So , this isn't about if you use it or not-....no pun intended .
---------------------------------------------------------------
and if its a big thing in America its gonna be a big thing elswhere in the world , its just a matter of time ..
We are talking abou telephone calls here ... ( A staple of life )
So I ask you again ......
Hahaha! Ok, ok...I'll look into it a little more, just as soon as I get time. I couldn't say much else without doing the proper research.
My time is going to be limited for the next four weeks, because I'm taking a couple of classes in the evening for my job. I'll try to find some time this weekend to check it out.
websman
28th-May-2006, 08:57 AM
Ok...Back to Vonage. It looks like the IPO was a big failure.
I'm still not big on Vonage, because of the fact that there are too many other ways to make a phone call. Cell phone service is much bigger here in the U.S. I'm still using a regular phone as well as a cell phone.
I'm sure that Vonage will have some success, but I just don't see them taking over the world. Of course, I could be totally wrong here...
I still have much more research to do...
websman
31st-May-2006, 10:54 AM
I'm still in cash and glad I am...
I'll be looking for short setups until the market decides to turn around. Why fight the trend?
websman
7th-June-2006, 12:04 PM
Still in cash.
If the DOW breaks support, I'll short everything in sight.
WIRE looks like a great short candidate at this point, with an entry point of $38.50
RichKid
7th-June-2006, 12:18 PM
Still in cash.
If the DOW breaks support, I'll short everything in sight.
WIRE looks like a great short candidate at this point, with an entry point of $38.50
Safer to wait for retest of that support? What's the general mood around the states atm?
websman
24th-June-2006, 01:44 PM
Safer to wait for retest of that support? What's the general mood around the states atm?
Most traders are being cautious. I now own 2 positions and am up slightly on them.
VPHM
CERS
I've daytraded a few others.
websman
29th-June-2006, 10:17 AM
Wassup Dudes???
I'm still long on VPHM and CERS...Will I ever get a profit out of these losing positions??? Stay tuned...
I had been watching ZP ( http://www.zapworld.com/cars/smartCar.asp ), but it was announced today that Daimler Chrysler would begin selling the Smart Car in the U.S. in 2007. ZP is dead in the water now...
websman
29th-June-2006, 10:18 AM
All eyes will be glued to Bernake tomorrow to see if he decides to kill the market or not...
He will either raise rates by a quarter or half percent. I'm leaning towards a half.
bunyip
29th-June-2006, 11:00 AM
Wassup Dudes???
I'm still long on VPHM and CERS...Will I ever get a profit out of these losing positions??? Stay tuned...
I had been watching ZP ( http://www.zapworld.com/cars/smartCar.asp ), but it was announced today that Daimler Chrysler would begin selling the Smart Car in the U.S. in 2007. ZP is dead in the water now...
Websman, when did you buy those two stocks, at what price and why?
Bunyip
websman
29th-June-2006, 11:26 AM
Websman, when did you buy those two stocks, at what price and why?
Bunyip
I bought them both last week...
VPHM @ 8.92
CERS @ 7.31
Although I am down on them I fully expect to eventually see a profit. If not, I will sell and move on. The VTP vectors currently are bullish.
RichKid
29th-June-2006, 12:06 PM
All eyes will be glued to Bernake tomorrow to see if he decides to kill the market or not...
He will either raise rates by a quarter or half percent. I'm leaning towards a half.
Choppy times webs, choppy times....the market has probably priced in at least a quarter point hike imo, wait and see....
websman
30th-June-2006, 09:00 AM
Choppy times webs, choppy times....the market has probably priced in at least a quarter point hike imo, wait and see....
Bernake did the right thing! 1/4 point. As long as no bad news come up, we should see a nice run...
websman
8th-July-2006, 07:25 AM
Still holding VPHM and CERS... I'm still in caution mode. Maybe I need to take a trip to Australia.
websman
13th-July-2006, 09:29 AM
CERS sucks...
I bought ICOC @ 4.76...maybe it'll make up for CERS.
Julia
13th-July-2006, 10:34 AM
Hello Webs
I'd be interested to know what you consider are the main factors influencing the choppy market at present. Still some fears about more rate increases?
Slowing housing market? International situation, e.g. terror etc?
What's the overall reaction to Bernanke? Do most investors/traders think he's on the right track?
With thanks
Julia
websman
13th-July-2006, 12:07 PM
Hello Webs
I'd be interested to know what you consider are the main factors influencing the choppy market at present. Still some fears about more rate increases?
Slowing housing market? International situation, e.g. terror etc?
What's the overall reaction to Bernanke? Do most investors/traders think he's on the right track?
With thanks
Julia
Bernake is not doing anybody any favors. He's already indicated that the market was not his concern. If he continues to raise rates, I think were in for a major recession and a bear market.
I'd say that the main factors for the choppy market are...
#1. High oil prices - Let's face it, Exxon and the Middle east are making a fortune.
#2. War in Iraq - Terrorism must be stopped, but I'm not sure that going into Iraq was the answer. Bin Laden is in Afghanistan...We should be taking him out. I still wonder what makes a terrorists mind click...must be pure evil.
#3. Interest rates - Housing has slowed down because of rising interest rates, but the market here in the U.S. was overextended. I can now sell my home for 4 times what I paid for it.
Of the 3 factors that are killing the market, I'd have to say that the War in Iraq is the biggest player...
websman
28th-July-2006, 11:47 AM
The market sucks...I'm still in cash. :banghead:
websman
19th-August-2006, 07:50 AM
Still in cash...
Milk Man
24th-August-2006, 06:39 AM
Hey webs,
Should start tradin' futures or forex or somethin'.
Just by the by, been making some knives lately, i'll post pics soon if you wanna see. You and lye might need some nice cold steel for guardin' that Goji plantation! :p:
websman
29th-August-2006, 11:43 AM
Hey webs,
Should start tradin' futures or forex or somethin'.
Just by the by, been making some knives lately, i'll post pics soon if you wanna see. You and lye might need some nice cold steel for guardin' that Goji plantation! :p:
Them knives might be just what we need! :eek7: Are you selling them? Post the pics. I'd like to see them.
I wish I had the time for futures trading. Stocks have sucked this year.
Milk Man
30th-August-2006, 09:00 AM
Them knives might be just what we need! :eek7: Are you selling them? Post the pics. I'd like to see them.
I wish I had the time for futures trading. Stocks have sucked this year.
Yeah I probably will sell a couple, to cover costs (you yanks charge a fortune for steel!). Ive still gotta put the handles on so i'll posts pics then. I can do a good shiv if the cons need one too. :D
websman
31st-August-2006, 11:59 AM
Yeah I probably will sell a couple, to cover costs (you yanks charge a fortune for steel!). Ive still gotta put the handles on so i'll posts pics then. I can do a good shiv if the cons need one too. :D
I could probably sell some of them for you...not the shivs, the knives.
Milk Man
31st-August-2006, 01:21 PM
Sweet! I should have the handle materials in a week or so. Nice aussie burl woods which I plan to stabilise and some stag after that. My bro shot it on his lucerne. He also got a 140kg boar - the old tractor had trouble holding it up to clean! I need to get a good digital camera too- my bub's 5wks old now so shouldnt be too long for some "funniest home videos" material. I'll let you guys know what i'm up to anyway.
websman
2nd-September-2006, 11:36 AM
Sweet! I should have the handle materials in a week or so. Nice aussie burl woods which I plan to stabilise and some stag after that. My bro shot it on his lucerne. He also got a 140kg boar - the old tractor had trouble holding it up to clean! I need to get a good digital camera too- my bub's 5wks old now so shouldnt be too long for some "funniest home videos" material. I'll let you guys know what i'm up to anyway.
When you get some knives made, send me a private message and let me know how much you want for them...
Milk Man
2nd-September-2006, 01:37 PM
cool, no worries
websman
14th-September-2006, 11:24 AM
I've been watching SIRI for a possible entry, but am still a little concern about their huge debt.
Sweet! I should have the handle materials in a week or so. Nice aussie burl woods which I plan to stabilise and some stag after that. My bro shot it on his lucerne. He also got a 140kg boar - the old tractor had trouble holding it up to clean! I need to get a good digital camera too- my bub's 5wks old now so shouldnt be too long for some "funniest home videos" material. I'll let you guys know what i'm up to anyway.
Congrats on the bub mate, nice present for the sunny months.
Looking forward to the pix, maybe we can start a new thread on it if there's interest in this sort of stuff, hope it turns out well, I'm hoping you're a fine craftsman!
Milk Man
14th-September-2006, 12:50 PM
Congrats on the bub mate, nice present for the sunny months.
Looking forward to the pix, maybe we can start a new thread on it if there's interest in this sort of stuff, hope it turns out well, I'm hoping you're a fine craftsman!
Wood supplier is playin shenanigans so no knives yet.:( Heres one of Charlotte though.
RichKid
15th-September-2006, 07:57 PM
Wood supplier is playin shenanigans so no knives yet.:( Heres one of Charlotte though.
Wow! what a beautiful little thing! She's even smiling in her sleep, must be a nice dream!! Makes all the hard work worthwhile doesn't it? Kids are so inspiring.
Have you done much work on damascus steel type finishes milko?
RichKid
15th-September-2006, 08:00 PM
......He also got a 140kg boar - the old tractor had trouble holding it up to clean! .........
Was that a real wild boar (with tushes?) or a big fat feral pig? Smoked Wild boar meat is yum!! Haven't had some for awhile, might be time to hit a German restaurant, I think they have em on the menu sometimes. btw, if you're getting a digital camera try bargaining at places like JB hi fi, if you have them up there and check out www.dpreview.com, there's a thread on it somewhere on ASF.
ok, getting back to stocks, webs- do you have any longterm (ie 12mths plus) stocks you are following atm? Preferably blue chips? Haven't seen one of your colourful charts for awhile!
websman
16th-September-2006, 09:16 AM
Was that a real wild boar (with tushes?) or a big fat feral pig? Smoked Wild boar meat is yum!! Haven't had some for awhile, might be time to hit a German restaurant, I think they have em on the menu sometimes. btw, if you're getting a digital camera try bargaining at places like JB hi fi, if you have them up there and check out www.dpreview.com, there's a thread on it somewhere on ASF.
ok, getting back to stocks, webs- do you have any longterm (ie 12mths plus) stocks you are following atm? Preferably blue chips? Haven't seen one of your colourful charts for awhile!
Excellent baby picture Milkman! You should be proud!
Uh stocks... Yesterday, I bought EZEN.OB and ELN. I have a profit on ELN but had very bad timing on EZEN.OB.
EZEN dropped hard right as I was buying it. I should have known about it when I looked at the chart. My fault.
Not much into blue chips. I like the action of stocks with wilder swings. I'll throw some charts up again very soon.
See yall for now!
Milk Man
19th-September-2006, 11:46 AM
Was that a real wild boar (with tushes?) or a big fat feral pig? Smoked Wild boar meat is yum!! Haven't had some for awhile, might be time to hit a German restaurant, I think they have em on the menu sometimes. btw, if you're getting a digital camera try bargaining at places like JB hi fi, if you have them up there and check out www.dpreview.com (http://www.dpreview.com/), there's a thread on it somewhere on ASF.
ok, getting back to stocks, webs- do you have any longterm (ie 12mths plus) stocks you are following atm? Preferably blue chips? Haven't seen one of your colourful charts for awhile!
Yup, big hairy stinkin' one! I dont eat em coz I know how they smell :D . My bro used to sell them to the pig box, they mainly went to Germany. A lot of em have real bad worms too.
websman
23rd-September-2006, 08:42 AM
I dumped EZEN and am still holding ELN.
I'll try to post some charts soon. I've been extremely busy lately, but am trying to make more time for trading.
See y'all for now...
websman
28th-September-2006, 09:06 AM
ELN is looking good. :)
websman
16th-October-2006, 10:18 AM
Here's what I'm holding right now...
ELN - Watch this one run soon...
AVSI - making a nice move from an extended base
JOB - not moving yet, but should soon
UCPJ.OB - diving equipment maker and only .02 per share
USEMX - this is a mutual fund which had a return of 25% last year.
websman
16th-October-2006, 10:19 AM
I dumped EZEN and am still holding ELN.
I should have held EZEN...it bounced back. :(
websman
1st-November-2006, 11:42 AM
Here's my positions...
ERS, UCPJ.OB, USEMX
I sold ELN for a small loss and ASVI for a 5% profit.
I'll probably buy PACT tomorrow...
websman
23rd-November-2006, 11:25 AM
I know I've been quiet lately, but I'm working on a new trading sytem... I'll check in later.
websman
2nd-December-2006, 09:18 AM
I'm still holding EGY...
My picks for a daytrade on Monday are...
SCOX - long
MED - short :evilburn:
It's Snake Pliskin
3rd-December-2006, 01:57 AM
I know I've been quiet lately, but I'm working on a new trading sytem... I'll check in later.
Webs how is that new system coming along?
websman
3rd-December-2006, 05:12 AM
Webs how is that new system coming along?
I'm looking at the real possibility of triple digit gains.... I'll keep you informed of the progress. I'm just now beginning to test it with real money.
websman
15th-February-2007, 12:55 PM
Wassup Dudes!
I haven't posted in a while, but here's what I'm holding at the moment...
HIX @11.25
RWC @6.13
UCPJ.OB @.018
So far this year I'm up 3%. I've got to get on the ball if I want to meet my huge goal of triple digit gains. Currently, I'm trading part time, but may go full time by June.
Webs...
Garpal Gumnut
15th-February-2007, 09:05 PM
The only stock I've ever followed is DELL mainly because I've spent so much bloody money there over the years. Technically it seems to be bobbing along in a downtrend which may be reversing. If they go above $28 on good volume they may be worth a flutter. I've no idea what they are up to fundamentally but my wheelie bin gets a 1/4 kilo or so every week of their mailouts. Also the us dollar isn't the best paper to have in your wallet, so once you buy you are subject to its fluctuations.
Garpal
BREND
19th-February-2007, 07:06 PM
Take a look at LMT, ROK and CNI as well.
They are growth stocks with low valuation and huge free cashflow.
Share buyback program for ROK.
wayneL
19th-February-2007, 07:13 PM
The only stock I've ever followed is DELL mainly because I've spent so much bloody money there over the years. Technically it seems to be bobbing along in a downtrend which may be reversing. If they go above $28 on good volume they may be worth a flutter. I've no idea what they are up to fundamentally but my wheelie bin gets a 1/4 kilo or so every week of their mailouts. Also the us dollar isn't the best paper to have in your wallet, so once you buy you are subject to its fluctuations.
Garpal
You can hedge the currency risk.
BREND
19th-February-2007, 07:24 PM
You can hedge the currency risk.
That's right, if you are an Asian or Aussie trading US market, make sure you bought some gold ETF to hedge against the fall in USD.
canaussieuck
19th-February-2007, 07:32 PM
I recently entered the share trading game on investopedia. If anyone is interested i'll post some of my current stocks, watch list etc. Purely a technical prespective though.
I'm glad this thread has been brought forward, i'm keen to get a handle on the US markets, particularly the NASDAQ, as i want somewhere else to trade next year, or the year after.
Cheers,
BREND
19th-February-2007, 08:50 PM
I recently entered the share trading game on investopedia. If anyone is interested i'll post some of my current stocks, watch list etc. Purely a technical prespective though.
I'm glad this thread has been brought forward, i'm keen to get a handle on the US markets, particularly the NASDAQ, as i want somewhere else to trade next year, or the year after.
Cheers,
What is your ranking now? Mine is 200plus out of 25,000 participants.
websman
24th-February-2007, 12:01 PM
That's right, if you are an Asian or Aussie trading US market, make sure you bought some gold ETF to hedge against the fall in USD.
My strategy is to just spend all the US dollars I can get my hands on...that way I won't have any to worry about when the economy goes down in flames.
canaussieuck
24th-February-2007, 12:51 PM
What is your ranking now? Mine is 200plus out of 25,000 participants.
LOL, i'm not even ranked yet! I've only made a 6.5% gain in two weeks. Got more work to do yet mate!
Cheers,
canaussieuck
24th-February-2007, 07:49 PM
What is your ranking now? Mine is 200plus out of 25,000 participants.
Whats your user name?
wayneL
25th-February-2007, 01:58 AM
My strategy is to just spend all the US dollars I can get my hands on...that way I won't have any to worry about when the economy goes down in flames.
LOL, sounds like fun Websman. I think many of your countrymen (and ours) are thinking along the same lines.
Picked up an interesting book today- "Maxed Out"... scary read.
canaussieuck
25th-February-2007, 11:10 AM
LOL, sounds like fun Websman. I think many of your countrymen (and ours) are thinking along the same lines.
Picked up an interesting book today- "Maxed Out"... scary read.
Sounds like a book about credit card debt Wayne? Will you post a review of it in the book review thread?
websman
27th-February-2007, 11:06 AM
Sounds like a book about credit card debt Wayne? Will you post a review of it in the book review thread?
Yup...does sound like credit card debt. I used to have some of that kind of debt, but I paid it all off.
Americans seem to have a serious problem with debt. I smell major economic trouble ahead, which can actually be a great opportunity. I'll be shorting every stock I can get my hands on when that day comes.
BREND
2nd-March-2007, 11:58 PM
Whats your user name?
my username is Brend.
my ranking had retreated due to recent market crash. :banghead:
CVRD and PCU has helped me a lot.
websman
15th-March-2007, 01:41 PM
Vulcan update...
I haven't got the return I was hoping for yet, but I am in the green so far this year. For now, it's day trades and shorts only, until the market finds a bottom.
It's Snake Pliskin
15th-March-2007, 01:56 PM
LOL, sounds like fun Websman. I think many of your countrymen (and ours) are thinking along the same lines.
Picked up an interesting book today- "Maxed Out"... scary read.
Wayne,
Could you provide the link or author's name?
websman
3rd-April-2007, 08:48 AM
Holding CRNT...
Also bought 100,000 shares of RSDS, just for the heck of it. Maybe this thing will shoot up to $10 a share, for a million bucks profit. Stranger things have happened.
I Bought a new Ford F150 last week. So far the gas mileage isn't too bad. I'm getting around 15 MPG. I can handle that. Gas is back up to around $2.65 a gallon....won't be long before it hits $3 again. It's only money. I don't mind spending it. LOL
websman
26th-April-2007, 12:07 PM
Sold CRNT and RSDS for a nice profit.
websman
2nd-May-2007, 06:57 AM
Looking for a big correction in the Dow soon....
x2rider
9th-May-2007, 11:39 PM
Just enetered a trade for IBM in the US. It has just broken through from a period of sideways movement.
The resistance was 103 and will have a target of 108.0
cheers all
Martin :)
websman
13th-May-2007, 11:47 AM
Last week I bought GOFH.OB. http://www.gofish.com
I feel like this one is going to make some serious money, so I'll add more shares soon. I hope to buy at least 5000 shares.
Here's link to a chart detailing the site traffic...
http://www.alexa.com/data/details/traffic_details?q=gofish.com&url=gofish.com/
Also, they've filed an application for a Nasdaq listing.
http://biz.yahoo.com/bw/070427/20070427005209.html?.v=1
Hopeful
14th-May-2007, 12:13 PM
Just enetered a trade for IBM in the US. It has just broken through from a period of sideways movement.
The resistance was 103 and will have a target of 108.0
cheers all
Martin :)
I was day trading at the time IBM crossed $100 and only held on for $101.60. Should have made it a longer-termer. It was a nice day trade though, very small retracements all day ie low risk trade.
What stocks are on your radar for tonights US market? IBM and AAPL are both right up there on mine.
x2rider
14th-May-2007, 12:56 PM
Hi Hopeful.
Really like the look of Computer sciences corp. They have just had a small retracement and will need to get above $57 again for an entry, which is its old high.
I am still adding to IBM as I have a target of $108 for this.
Happy trading
Cheers Martin
Hopeful
14th-May-2007, 02:27 PM
Hi Hopeful.
Really like the look of Computer sciences corp. They have just had a small retracement and will need to get above $57 again for an entry, which is its old high.
I am still adding to IBM as I have a target of $108 for this.
Happy trading
Cheers Martin
Thanks for the tip. If CSC gets above Friday's high with some volume it could go up 1 or 2 points based on what it has done in the past. However, a more likely scenario is that it consolidates Friday's move.
websman
17th-July-2007, 12:21 PM
My thread is dead....
My only holdings are two penny stocks.
PDGT and EPGL
I've been busy getting my home ready to sell. No time to trade.
RichKid
25th-July-2007, 10:36 AM
My thread is dead....
My only holdings are two penny stocks.
PDGT and EPGL
I've been busy getting my home ready to sell. No time to trade.
Hey Webs,
Whether it's dead or dying it's not forgotten....must be glad you're not fully exposed after days like yesterday. Good luck with the house sale, hope you get a price way above the mean!
websman
16th-August-2007, 10:58 AM
Hey Webs,
Whether it's dead or dying it's not forgotten....must be glad you're not fully exposed after days like yesterday. Good luck with the house sale, hope you get a price way above the mean!
Thanks Rich!
I bought my home 20 years ago, when prices were a lot lower than they are now. It won't be hard to make a huge profit. :)
Here's where I'm planning on moving to, once I sell my present home.
http://www.hammockbayfreeport.com/
I did buy one other stock since my last post. I picked up ROCM at 14.26. Things are looking good so far.
Still holding my two penny stocks...
websman
19th-December-2007, 10:02 AM
Well Dudes... I'm sitting mostly in cash, with the exception of my two little penny stocks... PDGT and EPGL.
The market really sucks. So does real estate. So....What to do???
I guess cash is the rule for now. :alcohol:
websman
11th-January-2008, 09:10 AM
I bought back into ROCM today at $10.85....
websman
23rd-January-2008, 09:54 AM
The market tanked, yet I was up on all positions... ?????? I take it and be happy!
websman
23rd-January-2008, 09:57 AM
Hey Webs,
Whether it's dead or dying it's not forgotten....must be glad you're not fully exposed after days like yesterday. Good luck with the house sale, hope you get a price way above the mean!
Well RichKid.... The housing market is totally busted over here. I've had absolutely no bites on my house. The good news is that I bought it 20 years ago for a very low price, and I'm totally mortgage free. I'll just stay put until the market gets better.
websman
26th-January-2008, 02:50 AM
I sold ROCM today for a nice profit. I'm going to attempt to buy back in on a pullback....if it happens.
websman
6th-February-2008, 03:10 AM
ROCM tanked after earnings and a downgrade buy Northland securities. Good thing I took my profit.
I can't complain this year...so far I'm up a little over 20%. I just hope I can hold onto it. lol
websman
23rd-February-2008, 05:47 AM
I'm watching CRNT for a possible buy. The indicators are turning up, plus it's a real bargain.
websman
4th-March-2008, 01:00 AM
No buys yet... I'm sitting in cash.
RichKid
15th-March-2008, 07:14 PM
Hey webs, do you do much shorting? Small caps or blue chips? Chumps like me come to the party a bit late so watching and learning atm to make sure I don't get caught in a bear trap.
websman
17th-March-2008, 11:29 AM
Hey webs, do you do much shorting? Small caps or blue chips? Chumps like me come to the party a bit late so watching and learning atm to make sure I don't get caught in a bear trap.
Good to hear from you RichKid!
The only stock I ever shorted was GM, which I made a few dollars on. Other than that, I haven't had any experience in it. I'll probably get into it a little more, after I retire and have more time. Those bear traps can kill you...
I bought LJPC at 1.98 on Friday. I think this one has bottomed out. We shall soon see...
websman
27th-March-2008, 12:19 PM
I thought LJPC might be toast, but it made a nice recovery today, closing at 2.08.
PDGT also made a nice recovery. I'm holding 1.3 million shares. I attempted to pick up another million shares at .0005 with no luck. I'm liking the potential of this little penny stock.
websman
14th-May-2008, 08:51 AM
Cool new sight...I haven't been here in a while.
websman
7th-June-2008, 07:41 AM
I have been building my postion on PDGT. I now own around 9 million shares, which is about 1% of the total shares available. Today was my lucky day...PDGT closed 200% up!
My gains are out of sight! This good turn out to be a very good year for my portfolio!
canaussieuck
6th-August-2008, 09:01 AM
Been watching this large triangle pattern unfold in MCD and set some orders a week or so ago. Woke up this morning and found out i got stopped in, interesting to see how it goes in this environment. There is some favorable volume in the background as well.
Cheers,
CanOz
websman
27th-August-2008, 07:53 AM
MCD looks promising.... Have you bought any shares?
canaussieuck
27th-August-2008, 08:52 AM
MCD looks promising.... Have you bought any shares?
Bought and got stopped out a couple of weeks ago. It met the first H&S target and i should have sold then. I hung on, tightened up the stop and got taken out on a volatile day.
I'll watch it for a while for another entry point though.
Cheers,
CanOz
websman
11th-December-2009, 10:05 AM
Haven't posted here in a while, but this year has been very good. I bought JBII at .27....today it closed at 2.20. This is shaping up to be a very good year!
websman
12th-December-2009, 08:30 AM
JBII closed at $2.83. I'm now up over 900%
Plastic to oil is going to be huge, in my opinion.
websman
19th-December-2009, 02:40 AM
JBI, Inc. Will Become Debt-Free on December 29, 2009
.Companies:Jbi, Inc..Press Release Source: JBI, Inc. On Friday December 18, 2009, 9:10 am EST
NIAGARA FALLS, Ontario, Dec. 18, 2009 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) is pleased to report that all corporate debt, including accrued interest, will be paid in full effective December 29, 2009. The Company's debt-free status will then result in a monthly savings of over $26,000 in interest payments. The debt will be paid off without dilution to the Company's shareholders.
Furthermore, JBI will provide a major update on its Plastic2Oil business unit and positive progress prior to Christmas.
John Bordynuik, CEO/President, stated, "We are very optimistic and excited about our growth potential in 2010. All of our divisions, particularly P2O, are now positioned for rapid revenue growth, and the elimination of all interest payments will augment net earnings expansion."
About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBI's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil. JBI has also acquired the following operations:
JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Javaco will operate and manage the Company's Plastic2Oil sites in Mexico.
Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery system (liquid cleaner in a water soluble sachet) Pak-It can deliver glass cleaner, disinfectant, multi-purpose, and many more cleaning products (42 products currently) shipped in tiny packages of condensed cleaner (inside a 'dry' 1 quart container). This delivery method is "green" since it's fully biodegradable and saves thousands of dollars in shipping. The user simply adds water to the container without measuring or cutting the Pak-It. Large retailers and many national Building Service Contractors already using the product have documented significant cost savings from shipping, training, inventory control and space.
Accordingly, our revenue sources presently include (i) income from reading archived tapes (including microfiche) from clients such as NASA, (ii) income from the recently acquired Javaco, Inc., (iii) income from the sale of Pak-It products, and bulk chemical facility which we realize beginning October 1, 2009, and (iv) from the anticipated commencement of operations in the fourth quarter of 2009 with Plastic2Oil, a process and service that converts plastic to fuel oil. For more information, please see http://www.jbiglobal.com and http://www.javacoinc.com and http://www.pakit.com/.
Bought a few shares of SHAR...Nothing but a pure gamble play.
bandicoot76
21st-December-2009, 12:08 AM
howdy vulcan,
have you cast your eye over CVBT? they are developing angio-genesis protien technology that, if it passes its final FDA trial, will replace open heart surgery with 4 protien injections around the damaged arteries to grow new blood vessels.
i have held for awhile (against all advice that the stock is too volatile) because i believe when it passes its final FDA trial the SP will skyrocket (IMO),
anyhow any opinions on the stock would be appreciated! :)
cheers...bandicoot.
websman
21st-December-2009, 07:48 AM
howdy vulcan,
have you cast your eye over CVBT? they are developing angio-genesis protien technology that, if it passes its final FDA trial, will replace open heart surgery with 4 protien injections around the damaged arteries to grow new blood vessels.
i have held for awhile (against all advice that the stock is too volatile) because i believe when it passes its final FDA trial the SP will skyrocket (IMO),
anyhow any opinions on the stock would be appreciated! :)
cheers...bandicoot.
Sounds interesting. I'll check it out and report back.
JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites, and Will Apply for ASE Listing .Companies:Jbi, Inc..Press Release Source: JBI, Inc. On Tuesday December 22, 2009, 3:41 pm EST
NIAGARA FALLS, Ontario, Dec. 22, 2009 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) is pleased to announce that December, 2009, has been a month of intense activity and very positive productive progress. The Company and Rick Heddle have agreed to a Joint Venture whereby Heddle Marine Service, Inc. will retrofit ships with P2O processors. The Company is now finalizing a JV Agreement for production of its first P2O ship with Heddle. JBI anticipates contracting with various countries to convert their plastic waste into oil.
The launch of P2O in early 2010 will be an exciting and important harbinger for job creation, environmental clean-up, and oil production. Plastic waste is a huge global problem, contributing heavily to landfill expansion and ocean pollution. The Company has a goal of initially establishing 2500 P2O sites with municipalities/interested parties and launching P2O ships for various countries' plastic waste retrieval and energy production.
Converting plastic to oil has previously been attempted unsuccessfully by other companies as it was not economically feasible. However, the Company's research discovered a unique catalyst that is now proprietary to P2O, as it greatly enhances the efficient and economical conversion of plastic waste to oil, allowing for a 99% recovery rate compared to 45% +/- for competing systems. In essence, the catalyst greatly expedites the cracking of the plastic and allows the Company to select on a tight curve the particular hydrocarbon to produce. Competing methods require much higher heat, considerable energy cost, prohibitively expensive residue disposal, and result in poorer conversion. There is a negative energy cost to operate a P2O processor, since 15% of feedstock weight is converted to gas to run the system. The P2O processor is not a "perpetual machine", 15% of its feedstock is consumed to provide gas to power the processor.
Heddle Marine Service Inc., established in 1987, is the only marine repair firm that operates floating dry-docks on the Canadian side of the Great Lakes. Located on land leased from the Hamilton Port Authority, the site has 160,000 square feet of land, 1,000 feet of wharfage and dock frontage, 30,500 square feet of fabrication shop and 5,000 square feet of machine shop.
This continually expanding, successful company, with 20+ years of expertise in rebuilding ships, converting tanks to cargo and cargo to tankers, will be a valuable and important partner in helping JBI to achieve its eventual goal of attaining a fleet of P2O ships to address global demand for their service. For further information, visit http://www.heddlemarine.com/
Also, JBI has signed a Letter of Intent for the establishment of an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity controlled by Al Sousa of Largo, Florida.
Mr. Sousa is a seasoned executive with extensive business experience in both the public and private sectors and has been involved in a wide variety of matters including operational management of multiple entities including acquisitions, marketing, financing and governmental affairs.
In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million. His division had seven business segments in sixteen states with approximately 2,800 employees.
The Company expects that the ADA will be consummated by February 15, 2010.
The Company expects that Mr. Sousa's company will begin to quickly cultivate supply chains and sites for the installation of P2O sites throughout Florida concentrating first on large metropolitan areas and expanding outwards. The "Green" aspects of the P2O process is expected to solve huge problems in the area of plastic waste disposal as well as generate much needed oil for commercial use. Public-Private partnerships are expected and local, state and Federal credits are available for rapid deployment and cost effective development.
An independent lab investigation of JBI's P2O technology revealed the following information: Samples of fuels were created from various plastic feedstocks and were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm (parts per million). Additionally, the water and sediment tests (ASTM D 1796) confirm that its fuel contained less than 0.005% water and sediment. Density tests also placed the fuel in the gasoline range.
P2O produces oil at less than $10 per barrel. In the United States, refineries have indicated that they will pick up the fuel at the price of WTI (West Texas Intermediate) price less $3, currently around $70 per barrel.
JBI's Pak-It division is being positioned for anticipated dynamic revenue growth in 2010. The Pak-It factory in Philadelphia is being completely upgraded to handle high volume retail production for their eco-friendly line of cleaning products. An experienced 5-person national sales force is being hired in January. JBI is in current discussions with a very large, established company that has had great success marketing their consumer cleaning products via television infomercials. This company has indicated a desire to partner with Pak-It in an infomercial marketing campaign. However, if an agreement is not formalized with this potential partner, Pak-It will proceed on its own to have infomercials produced and begin a massive marketing campaign.
Successful infomercials have proven to be a very effective method to rapidly attain major consumer awareness and often generate a significant increase in sales revenue. The patented, cost-effective Pak-It product line clearly appears to have all the attributes for a successful infomercial launch.
JBI will soon establish a Board of Directors consisting of key talent within the Company, including the CEO, and on their Advisory Board, as well as some dedicated open market shareholders to adequately represent our anticipated large shareholder base. Unlike many other BOD's, the Company wants to have a proactive Board that is committed and focused on the continued future growth of the Company for the benefit of all shareholders.
Additionally, the JBI websites are currently being redesigned by a group of loyal, tech-savvy shareholders. The new cutting-edge site will better reflect the Company's achievements and unique technologies. On-site videos will provide the world with a clear view and understanding of the Company's important technologies.
John Bordynuik, CEO/President of JBI, Inc., will be flying to New York the first week in January to meet with exchange officials and begin the application process to up-list JBI on the American Stock Exchange. Furthermore, at the end of January, Mr. Bordynuik will be traveling to China to meet with P2O processor manufacturers, and establish production requirements and volume agreements. The Company has previously been advised that its Chinese manufacturer could produce one P2O processor every day, with a 15-day lead time for each batch.
Furthermore, to avoid dilution, Mr. Bordynuik will be returning an additional 9 million of his personal common shares to treasury on Dec. 29, 2009. Therefore, as of that date, total outstanding common shares will remain at 46,725,106.
John Bordynuik commented, "All of JBI's dedicated team members have been working long hours and very hard to ensure an extremely successful future for our Company. I am most appreciative of all the loyal supporters who have stepped up and committed their valuable time and efforts to our shared vision of growing JBI into an extraordinary, successful company and maximizing share valuation. I wish everyone a most joyous holiday season and a very prosperous New Year."
websman
23rd-December-2009, 01:27 PM
I wonder how Plastic to oil would go over in Australia...hmmm.
bandicoot76
23rd-December-2009, 11:57 PM
if we could get it at the bowser for less than the $1.35/litre we are paying now i'd say it would go down real well my friend, plastic or crude derived... who cares so long as it burns clean and is cheaper it'd be a winner here imo! :)
websman
24th-December-2009, 10:18 AM
if we could get it at the bowser for less than the $1.35/litre we are paying now i'd say it would go down real well my friend, plastic or crude derived... who cares so long as it burns clean and is cheaper it'd be a winner here imo! :)
I'll ask the company, if Australia is on their list of countries for Plastic 2 Oil.
JBII closed at $4.70 today. I'm up over 1500% so far... :D
websman
30th-December-2009, 11:26 AM
JBII closed @ 6.35 I'm now up over 2,100%. When will this madness end??? I'm going to have some serious tax problems!
UBIQUITOUS
30th-December-2009, 12:44 PM
JBII closed @ 6.35 I'm now up over 2,100%. When will this madness end??? I'm going to have some serious tax problems!
Well done mate!:holysheep:
websman
30th-December-2009, 01:53 PM
Well done mate!:holysheep:
Thanks...
Here's some info for you....
=== Executive Summary and Hot Posts ===
Must Hear. CEO Interview by Wallstreet Reporter: http://www.wallstreetreporter.com/2009/12/jbi-inc-otc-bb-jbii-ceo-interview/comment-page-1/#comment-2034
=========== Executive Summary ===========
JBII. Awesome longer term investment here. Fully reporting. 13M Float. Zero dilution,
Audited financials, the works:
Plastic2Oil. ===
Video, Prototype:
1. Existing machines are used in China, Thailand, Taiwan, etc to convert Plastic to oil.
2. Bordynuik discovered a catalyst that makes this process much more efficient.
3. After the data is recovered from these tapes (they weigh about 5 lbs each), they will be fed into the machine and converted back to the oil from which they came from in the first place.
4. The oil (in the gasoline range from independent analysis) needs minimal refining, and will be sold into the refining market. He already has buyers.
5. The whole process will be franchised across the country/world. The first franchise has already been bought. 25 additional Joint Ventures are being negotiated.
6. The process will also recover oil from used tires.
7. Of course there is an unending amount of other waste plastic available to be converted to oil.
Roughly 8 lbs of plastic = 1 Gallon of fuel.
8. In larger metropolitan areas, the company will run it's own machines.
9. The first big production machine is currently being assembled in Niagra Falls.
NASA Tape Reading
Watch this Video of the CEO John Bordynuik demonstrating his new technology of reading computer tapes from NASA.
They get $22/tape. NASA has Millions of tapes to be read. Other companies also need these tapes read. Oil companies have a huge number of old seismic data tapes that can be reanalyzed with current software.
Board: http://investorshub.advfn.com/boards/board.aspx?board_id=15341
Be sure to click on "Show iBox".
CEO: http://www.johnbordynuik.com
Company: http://www.310holdings.com. New website coming soon.
CEO Article: http://www.johnbordynuik.com/BusinessNiagaraMagazine.pdf
Full DD: http://www.Lighthouse57.com/JBIIBrochure.doc
1. CEO, John Bordynuik, is a very well respected scientist with close ties to NASA, MIT, numerous Fortune 100 companies, United Nations, US Army. Website: http://JohnBordynuik.com .
2. Bordynuik has a very profitable private company, John Bordynuik Inc. (JBI) that reads the 'unreadable', i.e. the over 50 million computer tapes from the early computer era (60's-80's). There is a wealth of information on those tapes, and he developed his own tape drives to read these degraded tapes.
3. He has an exclusive contract with NASA and gets paid $22 per tape to recover the data. They are currently processing about 700 tapes a day, but will be processing many more due to new tape drives coming online very soon.
4. Their process can be used on any tapes, both legacy and current.
5. They have recently revolutionized data recovery methods (and Patented these methods), increasing the throughput tremendously, and are exploring applying the technology to disk hard drives as well.
6. A new office in Cambridge, MA has been leased, and will open soon.
310 Holdings (old symbol: TRTN) is now JBI Inc.(JBII) ===
In April 2009, Bordynuik bought a public shell company (310 Holdings), and moved most of the assets and production facilities from his private company (JBI) into the public company. The public company now has a positive balance sheet, with revenues. The transaction was independently audited. The new name of the company is JBI Inc.
The company is fully reporting and compliant. Stock Symbol: JBII
The goal of the company is to move to the NASDAQ exchange within a few months.
