THE PIG SAYS LETS FACE IT, WHETHER YOU TRADE ONCE A YEAR, ONCE A MONTH OR FIVE TIMES A DAY, WE ARE ALL SLAVES TO THE MARKET GODS. YOU CAN OWN THE BEST TECHNOLOGY, THE BEST MARKET INTELLIGENCE, BE IN THE TIGHTEST CIRCLES, YOUR STILL AT THE MARKETS WHIM.
CASE IN POINT, NRU.V.....ALMOST NEAR CLOSE, NO NEWS, NO ACTION, NO RUMOURS, NOTHING....IT RATCHETS FROM .07 TO .14 ON SMALL VOLUME AND NO MARKET DEPTH. (2 CONTRIBUTORS TO THE RISE BY THE WAY) IN 20 MINUTES. SO WHO KNOWS/KNEW WHAT ? WHY THE MOVE ?, DOES IT MOVE TUESDAY ? WHAT DOES THE CHART SHOW ? AND ON AND ON.....SO REALLY THIS KIND OF ACTION PROVES OUT ONE BIG FACTOR....WE ARE SLAVES TO THE INSIDERS, THE MARKET MAKERS, THE FRIENDS OF FRIENDS IN THE BUSINESS....ETC...
SO WHAT CAN WE DO ? WELL........THE PIGS TRYING TO DO IT.......STARTING TUESDAY, THE BLOG IS GOING TO GET A WHOLE LOT BUSIER, WITH A TON MORE INFORMATION. THE PIG WILL THROW EVERYTHING HE KNOWS AT IT AND YOU CAN MAKE YOUR OWN DECISIONS.THE NIGHTLY SCANS WILL STILL BE THE CENTERPIECE OF THE BLOG...HOWEVER.......THE PIG WILL UPDATE AS INFORMATION, RUMOURS, CHARTS, ALERTS COME TO HIM. IF YOU HAVE TIPS, INFORMATION ETC. GET THEM TO THE PIG AND HE CAN POST THEM FOR YOU. EITHER WE ALL LEARN TO WORK TOGETHER TO COUNTER MARKET FORCES, OR WE ALL MOVE TO OUTER MONGOLIA AND RAISE YAKS. THE RETURNS MIGHT BE BETTER.....
INTERESTING.........
Eaglecrest 4,538,956-share private placement
2010-06-14 14:22 MT - Private PlacementThe TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 16, 2010.
First tranche:
Number of shares: 4,538,956 shares
Purchase price: 50 cents per share
Warrants: 4,538,956 share purchase warrants to purchase 4,538,956 shares
Warrant exercise price: 75 cents for a two-year period
Hidden placees: 12 placees
Finders' fees: $3,850 cash and 7,700 warrants payable to Raymond James Ltd.; $3,500 cash and 7,000 warrants payable to Jones Gable & Company Ltd.; $350 cash and 700 warrants payable to Haywood Securities Inc.; $400,000 shares payable to Robert Spencer
Finder's fee warrants are exercisable at 50 cents per share for two years.
A reader writes.....
Benton Resources are going to continue drilling the GHR property this year
(where I noticed a fair amount of insider buying).
The property is situated just south of Timmins adjacent to GGY.
A broad range of gold mineralization has been found there.
7-8c. could be a good entry point for this stock,
which has a pretty low amount of O/S.
TRS.V...TRES OR.....OR TRES HOMBRES ? DID YOU EVER GET THE FEELING THINGS WERE ABOUT TO TURN AROUND ? THAT'S WHAT ARE SCANNER TELLS US ON THE FIRST OF THE TOP SCANS OF THE DAY. IG ACCUMULATION PERIOD UNDERWAY. AFTER, WHAT LOOKS LIKE SOME MARKET IMPATIENCE AND SELL OFF. SOME LARGE NUMBERS IN THE SENTIMENT AREA, ALONG WITH NET CAPITAL AND THE MAIN REASON ITS HERE. ITS EXHIBITING SIGNS WE HAVE CATEGORIZED AS "PRE" UPTURN SIGNALS IN THE MOVING AVERAGE AREA.
GAL.V...IS IT A CHOP OR CHUMP ? SOME LARGE NUMBERS IN THE MOMENTUM RE-DIRECTION AREA, UPTURN IN NET CAPITAL INFLOW, AND THE VOLUME DISTRIBUTION WAS UP AS WELL. THE PIG HAS AN ISSUE WITH THE LIQUIDITY THOUGH (OR LACK THEREOF)...NUFF SAID ...FOR NOW....
BFD.V ....GONE 60 SECONDS OR GONE TO .60 CENTS ? THE PIGS NOT SURE OF ANY STORY BUT THE SCANNER SURE THINKS SO. HUGE UPTURN IN THE NET CAPITAL AREA AND SENTIMENT NUMBERS THAT INDICATE A TURN UP IS IMMINENT. MORE LIQUIDITY IS REQUIRED.....WATCHLIST IT.....
GDW.V....SELL THE FARM OR HIDE IN THE BARN ? HOLY PINK PORK CHOP SAYS THE PIG. THE SCAN OF THE WEEK ? WELL COULD BE ITS BEEN SHOWING UP FOR A COUPLE OF WEEKS NOW. THIS PIG IS BEING BOUGHT AND IN LARGE PERCENTAGES. OFF SCALE IN NET CAPITAL, VOLUME DISTRIBUTION, AND SENTIMENT.....WHATS THE STORY....ITS GOT TO BE GOOD..OR THAT'S WHAT THE SCANNER THINKS....
BRK.A......BUFFET OR BUFFET ? JUST IN FROM SPIES IN THE FIELD. THE CHART SCREAMS BUY, BUY, BUY, THE PIG SAYS WHY, WHY, WHY, THE SCANNER SAYS YOU SHOULD HAVE BOUGHT IT 40 YEARS AGO.THINK OF THAT GUY THAT SOLD A 1/3 SHARE IN MICROSOFT FOR $800.......
Apple’s Next Stop: $1,000
When I took a young, cocky, long haired, Levis wearing Steve Jobs around to meet Morgan Stanley’s institutional investors to pitch an Apple share offering 28 years ago, I vowed never to buy anything from the man. He was such a great salesman, and possessed such a messianic devotion to his product, the risk of getting legged over had to be great.
This proved a good strategy for the next 18 years, when the company nearly went under three times, and the stock repeatedly plunged from its initial listing price of $22 down to $4. Disastrous products like the Apple Newton came and went, and then poor Steve got fired.
Living in the San Francisco Bay Area, I was also creeped out by the fanatical cult following that Steve enjoys. Criticize an Apple product here, and you risk getting attacked, ostracized, deleted from address books, and chopped off Christmas card lists. There was also no end of abuse from my IPod and Imac addicted kids.
I have to confess now that my prior prejudices caused me to miss the boat on Apple for the last decade, when the stock soared from $4 to $275, eventually topping Microsoft (MSFT) with a $238 billion market capitalization last week. To see the company bring out a ground breaking, high end $499-$829 product like the IPad and sell 2 million units in a short two months during appalling economic conditions is nothing less than amazing. The recent stock performance has also been miraculous, bouncing back from a flash crash low of $195 to challenge its old high in a matter of weeks, while the rest of techland lies in ruins.
Forecasts for the global smart phone market are ratcheting up by the day on the back of surging demand from emerging markets. Sales could reach 250 million units annually by 2012, of which 17% currently is sold by Apple. The company has become a monster cash flow generator, spewing out $12 billion over the last 12 months. It sits on a cash mountain of $23 billion, or $45/share. Apple now has the envious problem in that sales of several of its products are going hyperbolic at the same time.
Some analysts have Apple’s earnings skyrocketing from the current $12/share to $30 over the next two years, which at the current 22 multiple would take the share price up to $675. If the company’s multiple expands to its pre crash average of 35 X, that would take the stock to a positively nose bleeding $1,073, giving it a 400% return over the next two years.
I’m not saying that you should rush out and load up on stock today. But it might be worth taking a stake on the next wave of fear that strikes the market.
To prove that I am not the world’s worst Apple analyst, let me tell you about Ron Wayne, who owned 10% of Apple (AAPL) and you sold it for $800 in 1976. What would that stake be worth today? Try $22 billion.
That is the harsh reality that Ron Wayne, 76, faces every morning when he wakes up, one of the three original founders of the consumer electronics giant. Ron first met Steve Jobs when he was a spritely 21 year old marketing guy at Atari, the inventor of the hugely successful “Pong” video arcade game. Ron dumped his shares when he became convinced that Steve Jobs’ reckless spending was going to drive the nascent start up into the ground, and he wanted to protect his assets in a future bankruptcy.
Co-founders Jobs and Steve Wozniak kept their original 45% ownership. Today Job’s 0.5% ownership is worth $1.5 billion, while the Woz’s share remains undisclosed.
Ron designed the company’s original logo and wrote the manual for the Apple 1 computer, which boasted all of 8,000 bytes of RAM (which is 0.008 megabytes to you non-techies). Today, Ron is living off of a meager monthly social security check in remote Pahrump, Nevada, about as far out in the middle of nowhere you can get, where he can occasionally be seen playing the penny slots.
Parex Kona-1 well in Colombia reaches 13,004 feet
Mr. Kenneth Pinsky reports
PAREX RESOURCES ANNOUNCES POSITIVE COLOMBIA AND TRINIDAD EXPLORATION DRILLING RESULTS
Parex Resources Inc. has provided an exploration update for the company's drilling activity in Colombia and in Trinidad.
Colombia exploration update
Parex's first well in its Central Llanos exploration program, Kona-1 on the LLA-16 block (Parex 50-per-cent working interest), commenced drilling operations on May 16, 2010. As of June 14, 2010, the well has reached a measured depth of 13,004 feet in less than 30 days and is expected to reach a final total depth of 13,250 feet.
Kona-1 was programmed to test multiple objectives and to date has observed shows of hydrocarbons during drilling in four intervals, at depths ranging from 11,700 to 13,000 feet, comprising the upper C7, Mirador, Gacheta and Une formations. Wire-line well logs have been obtained to the base of the Mirador and indicate potential net oil pay, measured as true vertical depth, of 82 feet consisting of 35 feet in the upper C7 and 47 feet in the Mirador. Wire-line logging has been completed to 11,970 feet, which is the maximum depth possible given the deviation of the wellbore. The Gacheta and the Une formations are below 11,970 feet and cannot be logged using wire-line tools, therefore a full logging-while-drilling tool suite will be utilized to log from 11,970 feet to final total depth.
It is premature to estimate potential flow rates or potential hydrocarbon volume at this time. However, given the hydrocarbon shows during drilling, the logging information obtained to date and indications of pay in multiple zones, a comprehensive evaluation program including flow tests is being designed and is expected to be implemented for all four of the prospective zones. The company expects initial test results to be available by the end of July, 2010.
Also in Colombia, Parex has been informed by the National Agency of Hydrocarbons that it has qualified as a type 1 block operator for the Open Round Colombia 2010. Type 1 blocks are located in the currently producing basins and will be awarded under exploration and production contracts for a maximum of 30 years. Offers will be received, opened and publicly disclosed on June 22, 2010. Parex is assessing open blocks in the Llanos basin for potential bids.
Trinidad exploration update
Firecrown-1, the first of three Trinidad exploration wells planned in 2010, has reached a total measured depth of 8,701 feet as of June 14, 2010, and has penetrated and encountered both the primary and secondary objectives in the Herrera formation. The well encountered potential hydrocarbon-bearing sandstones with oil and gas shows and is being cased.
There is no certainty at this stage as to the quality of the Firecrown reservoir and whether or not the prospective formations are capable of producing commercial rates of hydrocarbons. Parex is currently in discussions with its partners and the regulator regarding the well potentially being deemed an earning well at the present depth and the timing of the future testing program.
We seek Safe Harbor.
Trading in Film Futures Contracts Approved
By MICHAEL CIEPLY
After delays to consider objections from movie studios and others, the Commodity Futures Trading Commission approved a request to trade futures and option contracts tied to the opening weekend box-office revenue of the movie “Takers,” a crime thriller set for release in the United States on Aug. 20 by Screen Gems, part of Sony Pictures Entertainment.
The Motion Picture Association of America, which represents Sony and the other major studios, has opposed such contracts, arguing that they will be easily manipulated and may hurt the performance of films, as market players begin looking for ways to affect a movie’s opening.
In approving the Media Derivatives request, the commission said that the exchange created to handle the contracts had obtained an agreement from Rentrak, which compiles box-office numbers for the studios, to bar its employees from trading in the contracts.
The exchange would also require any studio that uses the contracts as a hedge against the performance of its own films to set up a firewall between employees who do the trading and those who work on a film.
In a dissent that accompanied the commission’s approval, Bart Chilton, one of the commissioners, said the need to wall off studio employees from their own films pointed to what he called a “fundamental flaw” behind the approval, since such contracts were intended to help those in businesses manage financial risk.
Last week, 40 members of the House signed a letter telling leaders of the agriculture committee, which oversees commodities trading, of their support for legislation to block or limit film-related exchanges.
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