From Dave Manuel:
"What is a T.1 Trading Halt Code?
If you are visiting this page, then it very likely means that you currently own (or are short) a Nasdaq stock that is currently halted.
You have heard people say that the stock has been affixed a trading halt code of "T.1" by the Nasdaq - but what does this mean exactly?
T.1 trading halt code - stop signThe answer - the Nasdaq has halted trading in your stock due to the fact that "material" news will be released soon.
"Material" news could be a multitude of different things. "Material" news could mean that the company is being bought out. "Material" news could mean that the company is about to report that
they are under investigation by the SEC. "Material" news could mean a number of different things that could be either good news or bad news for the company.
When the news has been released, then the trading halt code will change to T.2, which means that the stock is still halted but that the news has been released.
Eventually, the stock will be given a code of T.3, which means "Halt - Resumption Times".
This means that the news has been fully disseminated and there has now been a time specified as to when the stock will re-open for trading. There are actually two times specified by the Nasdaq:
a) the time at which market participants can enter quotations
b) the time at which the security will be released for trading
Sentiment: Strong Buy
I had a two and a half hour flight yesterday on Air Alaska on a 737-900. I found the seat just fine, and OBTW, I am 6' and 230lbs.
The FDA is a government organization. On long weekends, civil servants tend to be focused on getting out of the office as early as possible in the afternoon. I'm holding my breath on Keryx approval until the middle of next week.
Sentiment: Strong Buy
Can anyone explain this from Forbes this morning:
"Amgen (AMGN) was downgraded by Credit Suisse (CS) to neutral from outperform with a price target of $90, as the stock is pricing in lower agency costs.
Shares are about even in trading. "
OBTW, AMGN is presently up about .27
I hope you're wrong as well.
Sometimes I think that Cramer should be selling Ginzu knives or Flex-seal ads
There are 800 back-ordered 787s in addition to orders for 737s.
OBTW, the Boeing B-52 bomber is still going strong after 50 years.
The 787 was rushed into production. The problems will be corrected and the stock price will head back up. (I just want to know when).
First off, other aircraft also use LiBs. This includes both military and civilian aircraft. They have been used for years without incident.
Here's some of the reasons why LiBs are used:
Much lighter than other energy-equivalent secondary batteries.
High open circuit voltage in comparison to aqueous batteries (such as lead acid, nickel-metal hydride and nickel-cadmium). This is beneficial because it increases the amount of power that can be transferred at a lower current.
No memory effect. Recharge them over and over.
Self-discharge rate of approximately 5-10% per month, compared to over 30% per month in common nickel metal hydride batteries, approximately 1.25% per month for Low Self-Discharge NiMH batteries and 10% per month in nickel-cadmium batteries.
Components are environmentally safe as there is no free lithium metal.
BA's problems are incidental and will be fixed very quickly.
I'm waiting to see where BA bottoms-out and add shares.
OBTW, there's a long list of orders for 737s, plus the military orders which may endure Fed budget cuts.
I read glowing reports, e.g.
"As a result of the industry boom three rig outfitting firms have reaped exceptional profits. National Oilwell Varco (NYSE: NOV) has ramped up sales 35% last quarter to an astonishing $4.7 billion. Also, the company reported $907 million in quarterly profits as it began to outfit companies with rigs and devices like blowout preventers. Further, the company traded near its 52-week high of $87.72 last week."
And today NOV is down 2.45
What the hell is happening?
Take a look at the article at this URL.
Other mining stocks are up as of last Friday.
That was an encouraging article.
I would like to see what report is on JW Rig #2.
It was supposed to spud last month but I can't find any info on what the progress is.
"HOUSTON (AP) -- Diamond Offshore Drilling Inc. said Thursday that second-quarter profit increased 19 percent as orders picked up for some of its offshore drilling rigs.
The Houston company reported earnings of $266.6 million, or $1.92 per share, for the three months ended June 30. That compares with $224.4 million, or $1.61 per share, for the same part of 2010. Revenue increased 8.1 percent to $889.5 million." .....................
DO is presently down $3.15
What's a novice to do... especially since DO was up yesterday so handsomely.