'Bas, Bo, and all other RGN longs;
How about going over to Investor Village and using their RGN = RGRX message board?
We would not be encroaching on the SCLN board, and they would not have to spend time trashing our posts.
Last days are very unusual.
Look at the 90 and 30 day trend lines vs the 10 day line. 90 and 30 still positive.
This week has been a trader's delight:
MVO closed above its Exit Zone on 1/11 at $43.38
On 1/13 it closed below its Entry Zone at $38.30 (these zones are posted a day in advance of trading)
And the weekly chart for next week shows an Entry Zone between $36.68 to $33.76, and the top of the Exit Zone at $43.48
You might try using the E-Zone System to find right entry and exit spots for your trades - - - makes your guess-work easier, knowing the potential zones for the day and the week.
<<< While its common stock is quoted on the OTC Bulletin Board, the Company plans to file periodic reports with the SEC pursuant to the requirements of the Securities Exchange Act of 1934, as amended.>>>
Does this mean the company will provide less information than that required by the NYSE?
Bo, best news we could get is that JJ is retiring in 2011, with best wishes and a grand bonus from his grateful BOD for his perspective leadership these many years.
(doubt it will happen, but "hope rests eternal - - - " )
EXAR looks intriguing, but I wonder why they have buried their "legal proceedings" where they cannot be found.
(Would like to read that b/4 buying in)
Any help on this will be greatly appreciated.
This was my question 2 years ago - - -
where are the "economies of scale" that should have come from the acquisitions?
Not only poor management on this topic, but lazy effort by the Board of Directors, who should be searching for the answer.
Here are excerpts from a Calgary Herald article dated May 31, 2008:
By Mario Toneguzzi, Calgary Herald
It's being described as one of the most significant office lease deals in Calgary's downtown commercial real estate market.
Two new office towers -- initially called the Homburg-Harris Centre at 9th Avenue S.W. and 1st Street S.W. across the street from the Palliser Hotel -- have been 100 per cent leased by Penn West Energy Trust.
The site, encompassing both towers, has also been renamed the Penn West Plaza. "This is extremely significant," said Keith Rockley, vice-president of human resources and corporate resources for Penn West. Rockley said the company's growth was part of the reason for the move.
In November, Penn West Energy Trust, the country's largest conventional oil and natural gas trust, acquired Canetic Resources Trust for $3.6 billion.
Penn West's relocation began Friday as the company moved into two floors of the east tower, said Shauna McIntosh, manager of corporate resources for Penn West. The entire east tower -- 10 floors -- will be occupied by the end of June, she said. The ground floor of the building will be reserved for retail shops. The second floor is Penn West space with some common area shared with the Plus-15.
The company's main reception area will be on the second floor. Floors three to 10 will be 100 per cent occupied by Penn West. The east tower is about 220,000 square feet and the building will house about 660 people. Penn West also has entirely leased the west tower comprising almost 400,000 square feet and 20 floors. It will be ready for occupancy by late 2009 or early 2010.
The company currently occupies 18 floors, nearly 200,000 square feet, in Bow Valley Square for about 600 staff. It also has five floors and about 110,000 square feet in Fifth Avenue Place.
Rockley said Penn West may sublet some of the west tower if the company doesn't require all the space but that decision won't be made for at least two years. The total square footage of 600,000 in the two new towers is more space than the company currently has in downtown Calgary. "That number factors in some growth. We will review our growth strategy in approximately a year's time and at that time decide whether to sublet some of that space or not, depending on the growth in the next year," said McIntosh.
Those closing words by McIntosh are not conducive to building confidence that “economies of scale” is a relevant term for either PWE management or its Board of Directors. Investors might be forgiven for harboring doubt about future prospects, particularly if they felt they had invested in a “Canroy”.
Your post is very helpful and illuminating. However, there is one point that some investors, including yours truly, found troubling - - - and that was the decision by management to enter the real estate market at exactly the wrong time.
PWE carries a burden of debt on its Balance Sheet due to this acquisition, and this asset is not likely to provide any profits in the near future.
They need to shed this burden and get back to the industry they know best.
Taye, found your note here, and like your thought process.
Am also holding HTS, which leverages only on Fanny and Freddie paper.
What are your thoughts on a possible renig by the US on their GSE guarantees?
The US cannot renig on treasury notes and bonds, but conceivably they could renig on GSE promises, as a debt-reduction measure.
Thnx for a great thread, especially for this newbie to HTS.
Would someone be kind enuf to comment on possibility that Franny and Freddie could "someday" renig on their promises?
Am not trying to drive a short here, but am looking down the road at the longer picture of US total govt debt: US cannot renig on its Treasury notes and bonds, but conceivably, it could renig on its promises to cover the paper of these GSE's. (Soveriegn govts would not get hurt, most of the losses would be taken by US holders like HTS, etc)
Not trying to spike any rally, still aboard and enjoying the divvy.