Seeking Alpha

QuickChat's  Instablog

QuickChat
Send Message
  • Quick Chat #118. 11/10/10 105 comments
    Nov 10, 2010 5:46 PM
    Thanks to all who participate here, in OG's Quick Chat.  Please be respectful and appreciate the liberty of this space. 

    Stocks mentioned in Quick Chat #117:

    In addition to the specific equities below, Quick Chat participants are discussing Precious Metals, and Rare Earth Elements.  Complete listings of these stocks can be found in previous instas, and in the case of the REE's, on Triple's instablog:  http://seekingalpha.com/instablog/480016-tripleblack/109355-rare-earth-elements-concentrator-nov-9-2010 

    BONL.PK, BPMSF.PK, CLDX, CLNE, CMI, CPST, DRYS, EMMCF.PK, ETFC, EUO, FRMSF.PK, FSYS, GPLRF, HGT, HL, JPM, KGLIF.PK, Longwei Petroleum, MXOM, NVAX, PAL, PBT, PNPFF, SLW, SVM, TLT, TMV, VIVO, WMT, WPRT, WPZ.

    Participants are encouraged to make appropriate disclosures.  
Back To QuickChat's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (105)
Track new comments
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    Last post on Quick Chat 117, by Robert.B.Ferguson:

     

    "I heard on the radio that the first new permit had been issued for new drilling but that the process has been made so onerous and expensive that it will curtail a lot of drilling even with out the moratorium. Small companies will be driven away completely and larger ones will wait until there is a more favorable environment."
    10 Nov 2010, 05:51 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    Taking a poll: Does the comment count of 100 still seem the best trigger for posting another instablog? Do higher counts still cause processing time issues and script-running/error messages? Any other thoughts or suggestions, let me know.
    10 Nov 2010, 05:57 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I like 100 there abouts. It opens a lot faster.
    10 Nov 2010, 06:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    I agree.

     

    HardToLove
    10 Nov 2010, 06:15 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    I like what you've done with the place - nice decor!

     

    HardToLove
    10 Nov 2010, 06:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I do too! Especially the throw pillows...

     

    No, I guess those are the link buttons...

     

    But if you squint a certain way, it works.
    10 Nov 2010, 06:31 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Only an artist's eye would catch that.

     

    A guy like me is happy to recognize "Red". ;-))

     

    HardToLove
    10 Nov 2010, 06:43 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    While we're on the topic, I would like to include links to related instas...Triple's is just one. I'm sure we'll have another flu scare, etc. so send me stuff. Also, any suggestions (read: send me the text) on a profile for the QC identity would be appreciated. Any additions, deletions, or constructive criticism is invited....and Guns...are you next?
    10 Nov 2010, 07:02 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    L98, are you referring to me taking over the blog? I thought....er...hoped.... was not me. Fact is.... I do recall volunteering Maya for some bootlicking to those that had volunteered.
    11 Nov 2010, 08:39 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    the cycle appears to be about 3 years, SARS, Bird Flu, Swine Flu and I expect a Bad news combo beggining in 2011 which has the features of the latter 2:

     

    Deadly and Virulent.

     

    Coincides with the end of the Mayan Calendar and forecasts for the end of The Secular Bear in stocks.

     

    Remember that the Currency of Choice for crossing Borders has always been Gold.
    11 Nov 2010, 08:46 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    I'm up for January. You're through Dec.

     

    HardToLove
    11 Nov 2010, 08:56 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    OE, did I not wake up this morning. I am not following your post positions in the stream. Flu virus here is not making sense to me. Did a post get censored/deleted by the over lords of SA because they did not like another renegade comment.
    11 Nov 2010, 09:04 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    I'm sorry I just can't end the walmart discussion. Imo, if the govt did not set standards for minimum pay, if health care was not tied to employment ( which was also a federal initiative- the meddle in how the size of a company dictates what they offer for coverage, it's easy to make mandates you don't fund!) if corporate taxes were lower and we all paid taxes based on consumption, I think we would have a better corporate environment and that always creates jobs and opportunities for people of all walks of life.
    10 Nov 2010, 08:09 PM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    I won't disagree with that, OG. I will also suggest that Walmart is an easy target because they are so large. It's always the industry leaders that take the heat.

     

    It would be interesting to see what would happen if there were no minimum wage. It could actually empower employees by creating a freer marketplace for labor. (Not all unskilled labor is the same.) On the other hand, a large population living in poverty is usually destabilizing to a country, so it would not be without risks.

     

    I think one of the lessons of the Great Depression is that a _Democracy_ which has a large poor population is not guaranteed to be a hospitable place for free enterprise. So if a capitalist democracy functions in such a way as to produce or allow large voting blocks of poor, the rules of capitalism, for good or bad, will be bent by the will of the (poor) people. These rules may remain bent long after the average standard of living improves.

     

    But I agree with you that eliminating the minimum wage would quickly make American labor more competitive. This could attract capital and "lift all ships" or almost all ships... But it is an intellectual exercise I think, not something we will ever see happen.

     

    10 Nov 2010, 08:48 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Eliminating minimum wage, regardless of other concerns, has one important benefit, IMO.

     

    It opens the doors of opportunity for those getting first jobs, maybe those with a poor work history or whatever other negatives might be attached to a potential worker.

     

    An employer might consider someone "worth a risk" if the employer can pay what to him/her is a "risk adjusted" wage. Thinking if it doesn't work out, not much will be lost and if it does work out, the employer can rapidly give merit increases to increase the chance that the (now valuable) employee will want to hang around.

     

    Before we had minimum wage, I was the beneficiary of many opportunities, first jobs during high school and such, that eventually led me to a good career. These opportunities, I believe, often lead to the "maturation" of the employee as they develop good "work ethics" and experience many different work situations they might not otherwise experience.

     

    Once the government imposed minimum wage, the unintended consequences kicked in.

     

    - Fewer opportunities for "less desirable" potential employees,
    - Less "maturation" or a longer "maturation" period for many,
    - More folks ending up needing more assistance of some type,
    - Government ends up being the "assistance of last resort",
    - More voters, dependent as they are, vote for more government,
    - The prediction that capitalism fails when the government learns they can buy the votes with taxpayer money comes closer to reality,
    - Etc.

     

    Whether minimum wage, good working conditions, benefits, ..., companies that do *not* adhere to principals generally accepted by the society at large *will* be punished through the power of the dollar *if* we have a healthy economy and society.

     

    Employees leave bad companies as soon as their work history permits to go to better companies. This puts more cost (retraining, poor employee performance, ...) on the "bad" companies as they are able to retain only less desirable employees. And *if* the economy is healthy I think most consumers are willing to consider, to some small degree, where they shop based on the "good" or "bad" image they hold of a "corporate image", including treatment of employees.

     

    Bottom line (a fine capitalist concept) is that in a healthy economy and society, a "good" company, in terms of social responsibility, treatment of employees, etc., will likely fare better than a "bad" company over the long haul. This would include their wage policies being competitive even without a minimum wage.

     

    So "good" capitalist behavior includes good "social" behavior as a normal course of business, IMO.

     

    But one must have a healthy economy and society for these thoughts to hold.

     

    Walmart ends up as it is because it was a well-run company catering to a society that had been inculcated (I'll blame our political "leaders", although this is not entirely true) with the idea that the factor overriding everything was "what's good for consumers" (i.e. lowest priced products - even safety of products was really ignored).

     

    Walmart, being very good at what it does, was simply responding in the best "capitalist" fashion to what society wanted.

     

    We came to view our selves in terms of only "consumption" and not production. Our measure of success became, predominately, how much we could consume rather than how much and what quality and what benefit we could provide - that is, we lost a view of ourselves as being the best at something useful. No concern for a finely crafted product (craftsmanship), being able to do more, faster, better ...

     

    Don't blame Walmart for giving us what we wanted. And if society's values change, Walmart will change to satisfy those new values or will die off.

     

    For now, Walmart is, as O.G implies, the convenient scapegoat, because we don't want to point the finger at the folks in the mirror.

     

    MHO,
    HardToLove
    11 Nov 2010, 05:51 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    We are assuming that the game is not rigged and being rigged continuously. Right now as we speak George, Soros is engineering the orderly decline of the dollar. That is his stated objective and he is accomplishing this with the assistance of progressive elements at work in the federal government and outside of it. He already has done practice rounds in Russia, Georgia, and other places most recently Britain. When a progressive, especially one with the clout of Soros, tells you they aim to fundamentally change the nation and the world believe them. This battle is heating up and will be savage if not bloody before all is said and done. Almost finished stocking a years supply of MREs.
    11 Nov 2010, 06:52 PM Reply Like
  • Silentz
    , contributor
    Comments (708) | Send Message
     
    Not only the orderly decline of the dollar, but an outright collapse of the American Republic. That dude is pure evil cloaked in a do-gooders costume.
    11 Nov 2010, 08:04 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    DG did you read the CYB prospectus? It's chock full of US derivative investments. Are you in CYB? This is not strictly an RMB *yuan play. hmmm....
    10 Nov 2010, 08:20 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I am heavy in CYB right now as I have been keeping half of my cash there. Not sure about the significance of the derivatives as far as being more or less volitile. I am hoping to see the chinese relax the yuan at some point and then I will get a payout even on my sidelined cash.
    11 Nov 2010, 08:35 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Not old enough to pay for your own health insurance? Not old enough to vote."

     

    A very cohesive argument for repealing the 26th Amendment. (But with an exception made for the Armed Forces, ie, that any service member could vote regardless of age).

     

    www.humanevents.com/ar...
    10 Nov 2010, 09:28 PM Reply Like
  • Silentz
    , contributor
    Comments (708) | Send Message
     
    TB, the link didn't work for me, but you can click through to the homepage and see the article there, entitled "Repeal the 26th Amendment!"
    11 Nov 2010, 12:49 AM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    Hey Guys

     

    Give me some credit, i actually learned how to put a photo and bio together quickly. ....lol....Just got back from watching my horses finish up the track. Not a good day at all, although recouped half of what i lost yesterday on the market. Just read comments directed at me and will take constructive action. I did do research on the stock i asked HTL on although i am sure not as much as everyone else. I liked what i read for a long term play and HTL'S answer about a possible pullback was what i was looking for. I own horses that race, and i face losing not only a horserace but the horse itself to an injury!!! So my risk tolerance is pretty high. These animals can run up to 30k if our group wants to purchase it. That can happen with just one bad step, and i have had that happen to me already...Putting down a horse that cost 30k isn't a pretty financial position to be in but been there, done that..

     

    OG, HTL, TRIPLE and others all have made valid points, and i KNOW there are areas that will give me more growth of learning. However upon reading HTL'S postings it is easy to tell he is on top of the stock in question. I was just trying to get a feel if todays price was a good entry point !!

     

    I know i do not know every detail about the company but it peaked my interest. I understand that no one wants to be held accountable for giving a buy signal when they do not know me as an investor.

     

    In fact i am learning myself as an investor as i go along. So as i stated before i will do my dd and i appreciate the input HTL gave me on the stock. I appreciate everyone helping me along as well.

     

    So please do not take this the wrong way but being new to a group has learning curves and i will adhere to them as i learn what they are.

     

    Thanks to all that took the time to point out various ways to learn more as i know i would never have found out about these sites on my own. Good luck to all tomorrow as surprises lurk ahead.

     

    ACE
    11 Nov 2010, 01:11 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9598) | Send Message
     
    Ace: I'm pretty much of a "wildcatter." I'll throw 25, 50, 100 or more shares of any touted stock I read here or there up on my gamer board so that night, or when I wake up the next day, I then do DD. But I absolutely do not go full bore into any stock highly recommended in Chat or any other column. It's my way of reminding myself that if I already have some scratch in the game, that I darn better learn whether or I'm going to add, or get out.

     

    But then, those who know me, and my investing style, I have two personalities. My brokerage account is extremely conservative. My gamer mentality is highly aggressive.

     

    If you're going to hang here, which I hope you do, I just want you to know that, for the most part, when I'm yacking 'bout this or 'dat, I'm usually yacking from the gamer, highly aggressive mindset. I have to do a better job of discerning which is which here in this column.

     

    ####

     

    DM: Your synopsis of Walmart's business plan, and also, everyone else that commented, reminded me of Central American banana growers years past. Definitive entrapment! The banana plantations would only pay the harvesters enough money such that they could only afford to go to the plantation bar, the plantation doctor, the plantation "pulperia," ie., the plantation owned convenience store, all while ringing up bills that became unmanageable, unpayable.

     

    If, one decided to leave, he could not, because the debts he rang up, all due to gross underpayment, all stuff bought from the plantation itself...credit intentionally provided, which the employee could not pay off...and hence he became a slave.

     

    Has/is Walmart now using the same principles? In modern day terms? Seems so. Brilliant, toward the owners, but not toward the employees.

     

    Ingenious recycling of monies! But I call this some sort of entrapment. Entrapment not good for anyone but the owners. 'Round where I live, if there's a family owned store, I shop there, while they last.
    11 Nov 2010, 02:10 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Maya - The big difference between the banana miners and Wal-Mart is the debt to the employer. Wal-Mart doesn't loan anything to its employees. They are not bound in servitude. They could go work somewhere else if they had the skill set to do so. In our area they recently advertised for warehouse workers and shelf stockers at about $13 per hour. That's not great, but it sure beats minimum wage. Their benefits suck! But a lot of those who work there couldn't make as much (or at least not any more) anywhere else. They could also apply to McDonalds or any other fast food place and make the same or less. But many of them don't have the personality for customer interface. I'm not trying to defend Wal-Mart, but I suspect those who work there would be no better off in any other job they could get.
    11 Nov 2010, 06:06 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    "Round where I live, if there's a family owned store, I shop there, while they last".

     

    And that supports a point I made above, long after you posted this.

     

    Ditto here. I had occasion to buy a new more powerful chain saw and weed-eater a couple years back. I went to my local farm supply, a local outfit, and paid a tad more for reasons of both personal service and a desire to help them thrive in the face of competition from places like Home Depot, Lowe's (although Lowe's is an *excellent* company, IMO) and Walmart.

     

    HardToLove
    11 Nov 2010, 06:07 AM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    Maya, the old railroad and mining companies in the US used to run like this as well. Thus the folks song,

     

    "You load sixteen tons and what do you get
    Another day older and deeper in debt
    Saint Peter don't you call me 'cause I can't go
    I sold my soul to the company store."
    11 Nov 2010, 09:28 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9598) | Send Message
     
    Fitzpatrick's modernized, "DOW Theory," says we're in a period of chart/technically induced bliss for the next six to nine months.

     

    Joseph...any comments about the modernized DOW theory?
    11 Nov 2010, 02:39 AM Reply Like
  • Joseph L. Shaefer
    , contributor
    Comments (1501) | Send Message
     
    Running to teach a CPR class, Maya, then totally out of touch while our Ski Patrol does three days of medical refreshing for upcoming ski season so pls forgive fly-by response:

     

    Don't know nuthin' about birthin' babies, Miz Scarlett, NOR about a new-fangled DOW Theory. DO know that I have covered all "insurance policies" in the form of inverse ETFs and personally believe the next few months are going to be sweet. I'll protect via cash and income stocks but have foresworn inverses at least until the late spring!
    11 Nov 2010, 06:13 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    www.zerohedge.com/arti...

     

    This on RINO. One of the companies the likes of Altucher love(d) to recommend. My humble prediction of the next market meltdown is Chinese stocks. They've always seemed a little too dot.com-esque. The story is compelling, but? If RINO is indeed more scam than company, then what about all the others. All you have to do to be a Chinese wiz-kid millionaire today is to glam up a prospectus, float a stock offering in USD, cook the books, and pocket the $$. To quote our own ex- wiz-kids "Its all about the burn."
    11 Nov 2010, 07:08 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    L98, I dont trust anything called RINO. Could be just me but.......seems there are a lot of t-partiers that seem to feel the same way. LOL
    11 Nov 2010, 08:22 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    look at HYFXF, Hyflux. China Based.
    11 Nov 2010, 08:48 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    OE, hyflux is on my prefered list of water companies. What are you suggesting? Is there some news out there today?
    11 Nov 2010, 08:53 AM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    I had to google it, to get the joke. RINO, DINO. Are we all closet Libertarians?
    11 Nov 2010, 08:55 AM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    guns

     

    did you get a timetable on your margin requirement, AS i posted Schwab PRETTY much told me within a day, fotrtunately i was not in that position, just wanted to learn their rules,,,

     

    ACE
    11 Nov 2010, 12:11 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    if you want clean water in China, Hyflux is the way to go, IMO
    11 Nov 2010, 02:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (CPST): POTUS and S. Korea working an expanded free-trade agreement.

     

    Samsung, a *very* large conglomerate, is our CPST distributor there. Signed up in 2002, very few sales. Maybe because of tariffs? With the heft of Samsung and the growth in S. Korea, I would have expected more.

     

    This new FTA might open the doors to more sales since it includes "power generation equipment". With S. Korea being as aggressive as they are, they must certainly be aware of distributed generation benefits (DG), possible automotive, marine and landfill applications.

     

    I think this might fill in another little piece of the CPST potential growth story not too far down the road.

     

    The finalization of the modified FTA, originally signed in 2007, is expected to take a few more weeks, according to the POTUS, but the Wall Street Journal notes that missing the self-imposed deadline may relegate it to the back burner, wehere it has been for so long.

     

    HardToLove
    11 Nov 2010, 07:53 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    finance.yahoo.com/news...=

     

    Sorry, HTL, but don't pin too many hopes on that SK/USA expanded FTA. Looks like one of the main disappointments of yesterday at the G20 (and there was a lot of competition) was that the FTA looks to be in trouble. SK's prez pointedly did NOT mention the deal, despite expectations that it would be the center of his speech. Not looking good...

     

    Frankly, I have been dreading this particular G20 summit. Now Voldemort, unencumbered by concerns for the midterm elections, can play the martyr and finish alienating both enemies and friends among the world leaders. His gross incompetence stands starkly revealed, and it IS going to cost us...

     

    He's outmatched, a pygmy among giants (er, well, at least among normal world leaders).

     

    Dollar up again today, amid fears of trade wars and wacko policies flowing like sewage from the Death Eaters.

     

    Hard times for the markets this morning, unless the news turns around.

     

    First shots in the coming currency and trade wars are simmering in the cannons in South Korea...
    11 Nov 2010, 08:44 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I've been haunting the PM charts this morning, and I believe Guns mentioned yesterday that he was detecting silver "sticking" to the $27.00 line, and I guess it has improved a little, now its stuck on $27.50. NYMEX is about to cut in, and yesterday when this happened the prices dropped the rest of the day. We'll see how things go today...

     

    Gold is slowly recovering, and seems intent on staying above $1400 again.

     

    But its Palladium that has shown real strength, and its the one I suspect may hit near its highs again this afternoon. It is outperforming Gold, Platinum (and of course Silver) over the past 2 days.
    11 Nov 2010, 08:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Happy Veteran's Day to all those vets out there!

     

    Keep your powder dry and your kill zones trimmed!
    11 Nov 2010, 08:28 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    There are a host of restaurants that are offering free meals to vets today. You just need a picture of you in your Uniform if you have no ID to prove it.

     

    Of course as we get older some would have a hard time proving the photo was them. Honestly thats me 120 years ago and 90 LBS lighter.
    11 Nov 2010, 08:55 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Ha. I'll pay DOUBLE if they help me shred any old photos of me...
    11 Nov 2010, 09:02 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Yesterday was the Marine Corps birthday so it was a bit of a long night. Fact is this week keeps ending up that way for me and Friday we have the Marine Corps birthday cake cutting and libations. I am about 2 six packs past my limit for the week and will be considerably over my limit after that event. Ooh-rah
    11 Nov 2010, 09:08 AM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    DG

     

    I have two nephews overseas, so my prayers go out to ALL of you. Keep your heads down over there, KEEP THEM UP OVER HERE !!!

     

    ACE
    11 Nov 2010, 12:16 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    Sorry to upset you, Guns. HTL is next.

     

    From OG: Wow, we got three volunteers for quick chat. L98, HTL and Triple.
    That's great. What if L98 did Dec., HTL did Jan, and Triple did Feb (based on availability?)
    Hopefully I will be back in the saddle by then.
    11 Nov 2010, 08:51 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    I was not upset but after all that work farming out Maya to "perform" some special funtions I did not want it to go to waste?

     

    Kinda like not letting the "gades" own small crisis going to waste. LOL
    11 Nov 2010, 08:57 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    I suggest you focus on more Uranium plays. Prices spike up but No One seems to notice.

     

    I sold 1/3 of my DNN at 3 but plan to buy it back if I can plus more in the 2.5 to 2.6 range.

     

    Straits Asia has a complicated merger/demerger in progress which will make you rich if you can get it at just above $2, That Is if I read the Agreement correctly :)
    11 Nov 2010, 08:56 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    Clean Energy (CLNE) today announced the pricing of its public offering of 3,000,000 shares of its common stock at a price of $13.25 per share. (WPRT) announced 6,050,000 common shares at a price of 17.50 per share yesterday... I figure if these companies thought there was going to be a positive announcement on Nov 17th on support for gas powered big rig trucks, they would have waited to dilute their stocks... As a result I am selling them today at a loss...... sigh....
    11 Nov 2010, 08:59 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (CLNE): plus the warrants were exercised after the completion date was changed to 11/10 and they have to pay $3.2MM (penalty) plus the charges for the warrants. Total hit $15MM.

     

    That's why I long ago quit playing them - they were always trashing either the balance sheet or the shareholders.

     

    I think you hadn't yet joined us when I posted this. Hm, I'm not sure we had the QCs yet.

     

    Sure sorry to hear that you'll take a hit.

     

    HardToLove
    11 Nov 2010, 09:08 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (MNEAF): Minera Andes Announces Financial Results for the Third Quarter 2010

     

    www.marketwire.com/pre...

     

    income of $6.1 million ($0.02 per share basic and diluted) for the three month period ended September 30 2010 compared to net income of $5.2 million ($0.02 per share basic and diluted) for the same period ended September 30 2009.

     

    HardToLove
    11 Nov 2010, 09:04 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    the spike in Minera is because of the Settlement of a lawsuit and expanding prospective mining from the joint ventures of the parties on both sides of that lawsuit.

     

    it was at $2 before the Suit.
    11 Nov 2010, 02:11 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Just got a scroll on the bottom of my screen that (CSCO) Cisco is down over 16% trading pre-market...

     

    Watch OUT!
    11 Nov 2010, 09:09 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Interview with Jeremy Grantham

     

    www.cnbc.com/id/158402...
    11 Nov 2010, 09:12 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    DG - Thanks for the video clip. It was very informative. Grantham makes a lot of sense. It is also good to note how often he is right, especially lately. His view of the future is consistent with what the 'gades are collectively saying. We may have some room to run, especially in commodities (I really liked his explanation of the situation there) and probably in stock unless there is some sort of shock event such as a currency war that gets out of hand. But, in the end, it is going to get ugly again when the bubbles pop. When: who knows? But there doesn't seem to be any "if" in his view.
    11 Nov 2010, 10:50 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Seems the line in the sand with silver today is going to be $27.50.
    11 Nov 2010, 09:17 AM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    as it drops below that i will use this as a buying oportunity for a lttle physical silver purchase for the emergency fund,,,,
    11 Nov 2010, 10:18 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Ace, this would be a day trade number. We do not know where it is going to settle.

     

    Of course if you take it as physical and plan to hold for a while I think it does not matter what price you pay here. I believe it will be going up in the future as more and more QE2 rolls out and waves of inflation roll in.
    11 Nov 2010, 10:35 AM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    DG

     

    ALWAYS LOOKING to get the most for my buck. Every extra oz counts as i accumulate, at least that is the way i see it !!!
    11 Nov 2010, 12:20 PM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    I find it promising that gold might find a floor at $1400.00. Does any one else agree??? If not please explain why??
    11 Nov 2010, 10:22 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Unless they put in margin restrictions on gold next it looks to go up from QE2. All the metals and the market in general could take a hit however from dollar strengthening because of Europe debt issues. Does anyone else see the irony here, I find it hillarious that we seem to be better bet. Maybe the bet is just to shuffle money just ahead of the tsunami.

     

    Where do they go next. Eventually either get to high enough ground or you get washed away. Don't like those options to well. I think I will try to remain on higher ground ahead of the masses by remaining in the USS silver/gold.

     

    Point is nothing is certain right now. Gold margin restrictions rumor could just be a rumor.....until its not.
    11 Nov 2010, 10:29 AM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    I don't have much gold. If margin requirements slam the price of gold, I will use it as a chance to stock up, and I don't think I'm alone. This should provide a floor for the price of gold. At what level, I don't know. But a 5-10% discount on gold would look mighty attractive to anyone who thinks the long term story here is weak dollar and high inflation. Yes, lots of folks might sell on the weakness hoping to buy in lower, but all that "buying in lower" will keep gold from falling through the floor. That's my take, anyway.
    11 Nov 2010, 12:33 PM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    HTL

     

    Did my research and opened a position for the long term in (CPST)this morning. Your postings filled in many holes from my research. Bought in at .85......

     

    ACE
    11 Nov 2010, 10:38 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    My REE holdings are keeping my head above water, again, but barely. NYMEX traders have once again taken a stable precious metals markets and tanked it. I guess this will continue for the full 5 days, which puts us into the middle of next week. Anyone want to bet that we see massive inroads into the commercial shorts at COMEX over the same period?

     

    And as for the threat over hanging the markets of increased margin requirements for the other PMs, if the whole thing is just on automatic pilot via the SNAP program, we should know pretty darn well when and if this will happen, unless Gero is keeping the program top secret for some odd reason (which well he might, if he wants that new villa overlooking Rio that JPM has promised him).
    11 Nov 2010, 11:43 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    OK, preparing for my last show of the year, the Renaissance Festival at Mobile, Alabama. I'll be on and off until morning, and then probably disappear until Monday.

     

    What a funky market today! Good time to be making artwork and washing renaissance costumes!
    11 Nov 2010, 11:45 AM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    seekingalpha.com/artic...

     

    Comment by a goldmining engineer on getting a mine up and running
    11 Nov 2010, 12:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (CPST): New behavior today: clawing back from downtrend.

     

    Haven't seen this very much for a long time. From the big drop on 188.8K shares @ 11:45 and a period of more-or-less flat on reducing volume until 12:12, PPS has been clawing back, slowly and fitfully.

     

    From the low @ 11:45 of $0.8131 it has come back to $0.8354.

     

    It is a heartening change as I believe we should have a few days of consolidation after the initial pullback which seems to always follow huge spikes.

     

    HardToLove
    11 Nov 2010, 01:22 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I'm holding my core investment in (CPST). Long term play.

     

    Trades this morning...

     

    Took profits on (BBEP).

     

    Adding (GBG), (GELYF.PK), LYSCF.PK), (MLLOF.PK), (PBT), (SJT) and (SVM).

     

    Initiating position in (GMO), hat tip to Joseph Shaeffer.
    11 Nov 2010, 01:43 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    We bought GMO at $3.60, posted it a while back maybe a month ago who knows but this is still a good buy point.

     

    Not for us, but for those no in yet.
    11 Nov 2010, 02:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Joseph mentioned it a few months back, too. I've just been struggling to figure out my base metals/strategic portfolio in that area. Just getting off the ground. Plan to be back in shape by Q1.
    11 Nov 2010, 02:20 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    We got it made! Cramer just called REEs a commodity bubble because the China story is oversold!

     

    A contrary indicator for sure!

     

    HardToLove
    11 Nov 2010, 02:34 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    In an odd way, I agree with him. The China Story IS being oversold - and distorted, and screwed up, and misunderstood, all down the line.

     

    Of course, no telling if the CramerIC knows any better than the nimrods at the NYT who can't tell a ban from a well-advertised quota...

     

    But it might be the case.

     

    Frankly, I find the firm quota a LOT more worrisome than any ban.

     

    After the ban is over, the supplies flow as needed again.

     

    A quota based upon limited supplies just means that you're going to get PART of what you need (in this case, 28% of what we need), and you'd darn well better scare up other sources, or figure out how to build a high tech civilization without the goodies that make the gizmos work.

     

    So far the news is all going the OTHER way, with new uses for the REEs being discovered every day. Demand way up, supply way down...

     

    Looks like a recipe for disaster to me.
    11 Nov 2010, 08:10 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    TB - It's only a disaster if you're not a Renagade and don't own REEs.
    11 Nov 2010, 10:00 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Hee, hee... Yes, I was pretending to be "objective and reporting just the facts".
    11 Nov 2010, 10:07 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Well, you just ruined any chance to get a high-paying job at any MSM outlet!

     

    And you had such a promising future too!

     

    HardToLove
    12 Nov 2010, 04:56 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9598) | Send Message
     
    Bravo Brio Restaurant Group (BBRG) up to $19.08, up over four bucks since mentioning a couple of weeks ago.

     

    Feeling lucky. On this down day, my gamer account is a smidge up.

     

    Hasta luego, mis amigos. Cya on the other side of the Tropic of Cancer!
    11 Nov 2010, 02:39 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    via con dios
    11 Nov 2010, 02:54 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    As we say in Italiano, "A Rubber Ducky" and in Espanol, "Pasta Luigi"!

     

    Have fun! Be good ... if you have no other choice!

     

    HardToLove
    11 Nov 2010, 03:03 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    Adios amigo! Espero que tengan un gran tiempo.
    11 Nov 2010, 03:37 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    The rat is back!
    11 Nov 2010, 03:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    But no cheese! He must be hungry by now!

     

    Or maybe he's broke? =>:-O

     

    Can't afford cheese today?

     

    HardToLove
    11 Nov 2010, 03:54 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Este va para mi, tambien!
    11 Nov 2010, 04:28 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Hasta lavista baby!
    12 Nov 2010, 01:15 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    www.dailymail.co.uk/ne...

     

    How did I miss this? A Chinese sub pops in on a US Naval exercise?
    11 Nov 2010, 02:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Well, if it can fool most of the U.S. Pacific Fleet and sneak by, you should be duck soup! ;-))

     

    HardToLove
    11 Nov 2010, 03:55 PM Reply Like
  • Silentz
    , contributor
    Comments (708) | Send Message
     
    I believe the Chinese just said, "You're not the boss of me!".

     

    Makes me lean more in the direction that the contrail off the coast of CA a couple days ago wasn't just an airplane...
    11 Nov 2010, 05:10 PM Reply Like
  • Silentz
    , contributor
    Comments (708) | Send Message
     
    Ooops...I think you missed it because the article is from 2007...

     

    They reference the Chinese shooting down of a satellite in orbit, so I'm pretty sure it's not a typo.
    11 Nov 2010, 05:29 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    Right you are. It was a link an an article today, and I didn't look.
    11 Nov 2010, 05:38 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    That was no air craft. It looked suspiciously like a Russian extended range MANPAD launch. My conspiracy theorist says some terrorists were practicing with their MANPAD, training to shoot down an air liner, and accidentally fired it. Of course our government "Expert." concluded that it was an optical illusion created by the angle of the sun with a low flying small plane which was coincidently not picked up on radar and had filed no flight plan. Sure Batman just an optical illusion nothing to see here, move along, move along.
    12 Nov 2010, 02:02 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    you got to remember that there are Iranian subs out there too, courtesy Putin.

     

    3 of them i believe, the diesel variety.

     

    LNG and BSDM moving again.
    11 Nov 2010, 04:18 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Diesel subs are much easier to detect because of the noise. Some of the newer nuclear powered subs can be pretty quiet, apparently. I wonder if they are using a screw prop. They are supposed to be make less noise. But you'd think that the sheer mass displacement would pop up on somebody's radar within the fleet.
    11 Nov 2010, 05:28 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Keep in mind that the diesels are not running submerged. The conservation of the air supply for the crew and disposing of exhaust gases are a problem. They run on the surface, providing propulsion and charging the batteries. Underwater they use the electric motors and are very quiet, they only real noise being the propellers. And they are very quiet if run a slow speed, avoiding any "cavitation".

     

    HardToLove
    11 Nov 2010, 05:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Oh! Almost forgot. No radar for underwater. Sonar. And now with computer aided analysis of the sound patterns.

     

    Other subs can detect submarines using a towed array of sound sensors, SOSUB is the moniker IIRC, and also serves as long-wave underwater communications facility. Hm, I hope I'm not confused thinking it also detects other subs.

     

    en.wikipedia.org/wiki/...

     

    HardToLove
    11 Nov 2010, 05:48 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Cullen Roche delivers a nice explanation of *how* QE2 works and why he believes it is not inflationary, in and of itself because QE2 is not really "printing money".

     

    I'm not educated enough to know if he's overlooked something important here, but I thought we aought to consider it since many of our current plasy will certainly be affected by the results of expectations for QE2 *and* what happens if/when Cullen is correct and the market catches on to the facts as he presents them.

     

    "Understanding the Mechanics of a QE Transaction"

     

    seekingalpha.com/artic...

     

    HardToLove
    11 Nov 2010, 06:54 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    HTL - I've been giving this whole QEII thingy some thought and, if I understand it correctly, it shouldn't create more money. It's just a mechanism to ensure that interest rates remain low and all the Treasury Bonds are bought. The banks (primary subscribers) get a pinch of the transaction as they borrow from the Fed to buy the bonds from the Treasury to help fund the deficit and then turn around and sell those bonds to the Fed. Do they use the proceeds to pay off their loans? I don't know. If not, then the banks have just engineered another way to increase the spread on the funds they borrow from the Fed. In addition to the interest spread they earn by buying up Treasuries, they also receive a transaction fee. It seems to me that either way it is just one more method being used to recapitalize the TBTF banks.

     

    But without the Fed buying via QEII the risk of a failed Treasury auction would be higher. IMHO it seems that QEII may have more of a stabilizing affect on the dollar making its devaluation more controlled rather than risking a free fall. I'm not saying I like it. But it may be allowing the government to run humungous deficits longer than would otherwise be possible. That is, unless our trading partners conspire to dump their Treasury holdings. Then the dollar is toast. Personally, I'd much rather see more restraint on the spending side of the equation. A $1.4 billion deficit two years in a row with more to come is just not sustainable. And that is a fact, not just an opinion.
    11 Nov 2010, 10:16 PM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    HEY,

     

    I just enjoyed reading the History CHANNEL. You just never know what you can learn on QC'S....

     

    ACE...
    11 Nov 2010, 08:21 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    seekingalpha.com/artic...

     

    Silver story, laid out in a logical sequence. A few things I didn't know, including the precise timing when JPM abruptly closed down their Proprietory Commidity Trading operation (guess what commodity immediately went straight up? cool chart).
    11 Nov 2010, 09:40 PM Reply Like
  • Silentz
    , contributor
    Comments (708) | Send Message
     
    And it's reassuring in the sense that it's more likely that we just saw a little speed bump this week with the margin shenanigans.

     

    TO INFINITY AND BEYOND!
    11 Nov 2010, 11:51 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Precious metals bouced DOWNWARD off resistance overnight...

     

    Silver is at $26.96 right now, and has been bouncing between this point and $26.60 most of the night, continuing a gentle slope down.

     

    Confidence that the 2Bigs will have to pay out their 280.2m/oz short position is obviously eroding. We're not the only ones who are anticipating that the government dumping $3 off the price - and eliminating about 10% of the long future trades - may be just the first installment. Let's see, 280,200,000 x $27 = $7,565,400,000. $7.5billion hanging in the breeze will leave a mark...

     

    But just squashing $30 silver was worth a cool $840million.

     

    Silver contracts deliver monthly, and from what I've seen, there IS no "daily limit price" (or not supposed to be, not really true, er, where's my Gero voodoo doll...). So....

     

    Polishing up the old crystal ball, it lookslike no more ex post machina intervention from the Regime to save their 2Big puppets this month (at least in silver, who knows what other commodities they may be caught leaning the wrong way).

     

    December, however, is a whole other month, of course.

     

    If anyone has a calendar of WHEN the massive mountain of inconvenient silver shorts come due, and at what prices, that would be interesting. Then we might have an idea of the schedule for ex post machina government swooping down on wires (Gero in droopy fake angel wings), and how much damage they will inflict.

     

    Assuming they WON'T be absolutely crazy enough to engineer a total save of their friends at JPM and Henchbanks, we can figure that they will leave a small loss for them on the tables (naughty henchbank). This gives us a base for silver price estimates, at least until they extricate their buddies from the guano.

     

    Right now ALL precious metals are tracking in lockstep, on a down slope.

     

    Schedule for ex post machina intervention until they get their private parts pulled back out of the garbage disposal?

     

    Monthly, I guess. I wonder what fun things they have in store for next month?
    12 Nov 2010, 07:22 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Asian stocks heading down in early trading. I wonder if the somber tone will carry through to Europe and the US. Does anyone really believe that the ECB has everything under control? We may know they answer in the a.m. (at least the short-term answer).
    11 Nov 2010, 10:27 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    From my interest in India as an investment idea and particularly because I have been long TTM several times, I stumbled on this demographics link that SA set up
    seekingalpha.com/tag/d...
    12 Nov 2010, 12:25 AM Reply Like
  • acehart
    , contributor
    Comments (1813) | Send Message
     
    INTERESTING...
    I HAVE BEEN FOLLOWING THE PRICE OF SILVER AND IT HAS BEEN ON THE DOWNSIDE late at night.. all my salesman asks is essentially a timestamp to prove the product has gone down in price. I have a sneaky suspicion that the shorts are invading this time period to go unnotice.

     

    He works for Gainsville and has always kept his word. In fact i change what i want to buy price wise as his site changes with the price of silver. If anyone wants his name i would be glad to give it out , just write me a message. Curious to see what the morning brings pricewise. But i have been on the prowl all night and the later it gets NY time the lower the price of silver goes!!! coincidence, i think not.

     

    I will report back what we settle on as it isn;t always timely. But he will get to your email at some point and has even included the shipping charge on some orders. However i did have to do a wire to get the best price.

     

    So it is just a thought that if the activity is low the shorts might be able to lessen their loses.

     

    ACE
    12 Nov 2010, 01:18 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    It appears that once the Asian markets opened last night silver tanked to below 27 and has remained there until shortly after the Hong Kong market closed. It has touched back up to the 27 range but this is completely opposite of what I would have expected.

     

    I think we have no Line in the sand today that I would be comfortable with and this could be a sign that its going to break down further.

     

    I did see a huge move in the euro/dollar and possibly the G20 and the mischief they are up to could be playing hell on the markets, DOW was down 100 pts earlier to.

     

    Still Waking up...coffee not effective as of yet. Hat tip to Applebys for the free Veterans day meal, cold beer and good times last night......Medic....more coffee.

     

    Need more data and time to figure out the G20 mischief and see if that could be the real fly in the ointment for the markets, maybe we will end up just like yesterday.
    12 Nov 2010, 06:25 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    MS on the dollar and metals long term view.

     

    www.mineweb.com/minewe...
    12 Nov 2010, 06:59 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    From the article, "with the Fed in printing mode".

     

    If the article by Cullen Roche I linked above is correct, do we have to question that "with the Fed in printing mode" statement? If we are really only exchanging one asset for another, predominately in reserve accounts, do we have to consider that the weakening is only really sentiment, based on a misunderstanding of what QE2 really is? Is Cullen right? Is there really no actual increase in money *flowing* in the economy *right* *now* and in the near-term future?

     

    I don't know enough to answer, but I did want to raise the question as a potential change comes if/when the market realizes what the effects of QE2 really are (*if* Cullen is correct as to effect).

     

    HardToLove
    12 Nov 2010, 07:21 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Harvey Organ has some thoughts on the last few days' action. Top is 11/11, next down 11/10, ...

     

    harveyorgan.blogspot.com/

     

    HardToLove
    12 Nov 2010, 07:29 AM Reply Like
  • QuickChat
    , contributor
    Comments (253) | Send Message
     
    Author’s reply » Please go to QC # 119
    seekingalpha.com/insta...
    12 Nov 2010, 07:37 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.