The dollar is not the only currency in the world easing in Japan and the EU will bring gold back up. Paper currency is fiat currency.. The demand for gold and silver is why gold and silver are going up. Russia, China and some middle Eastern countries have been dumping the dollar and buying gold.
If you don't like what you see do what I did sell it all. I sold the rest of my shares at $5.36 .. Pre market data at 9:41 PM Eastern time DOW - 84.00 S&P down 11.00 Japan is in a technical recession and all markets are going down.
I knew this was comming LOL!!! hey me to I bought 100,000 shares of PSEC at $9.68 this morning and sold it for $9.77 easy money!!
What do you have to say about the failure AOT. Come on pumper don't let the people you have scammed for so long down. Remember all that talk about long and strong, the next apple and so on..
Of all things to blame the failure on a "power supply?" OMG a third grader would have known what to do. There is no way the AOT wouldn't have had a power oscillator and meter hooked to it so the power could be regulated up or down and visually metered.
THIS IS A SCAM!!! NO PROFIT MADE BY THE COMPANY SINCE INCEPTION IN 1998 ADMITTED ON THEIR RECENT 10-Q REPORT READ THE REPORT.
THE AOT WAS SENT BACK THE TEST FAILED THE CEO SAYS THEY HAVE NO PLANS TO REDEPLOY THE AOT.. READ THE 10-Q REPORT. THIS IS TOAST.
This fraud is now coming to an end. What a shame it was able to go on so long.
Anyone who believes a power supply problem was the real reason for the failure of the AOT deserves to be bag holders. How pathetically stupid does management think investors are?
I see there were a few pumpers here in the past right before this tanked. Now they have vanished most likely they were PR for this scam and made a few $$$$... If so I hope they do some jail time for their part in luring people into buying this junk. This will be under a dime in a week or two.
Sentiment: Strong Sell
Just read the 10-Q wow!!! not good...But it has never been good they haven't made any money since inception "1998".
The power supply problem they say they had with the AOT come on really? No wonder it got sent back it didn't work.
The new line heater will also fail for sure. Line heaters are already built and have been used for years and years they have been perfected and are cheap to run.
I feel sorry for the suckers who have lost money here. Just another pump and dump stock. only good for those without a conscience. They admit never turning a profit since 1998 that should say it all.
Sentiment: Strong Sell
Good idea. I'll check it out. The way things are going in the investment world it may be better to buy 100k of lottery tickets.
Egon von Greyerz, Founder of Matterhorn Asset Management, says, “You can’t have governments borrow more than ever and have interest rates at zero. You can only do that temporarily because you have governments printing money and artificially holding interest rates down. That will not last either. So, the reset will be dramatic. It won’t happen overnight, but there will be events that trigger short term pitfalls, but this is a long term thing.”
Printing money to support the stock market and the bond market will work for a while, but Greyerz warns, “The ammunition that they have will, of course, be so devalued that nobody will want it. So, any support they try to muster in the future will have no effect. This is why markets are going to be in a terrible state in the next few years. It will be all the bubbles that have been created over a very long period.”
Mark this day on your calendars. The Dow is at 16974, the S&P 500 is at 1982 and the NASDAQ is at 4549. From this day forward, we will be looking to see how the stock market performs without the monetary heroin that the Federal Reserve has been providing to it. Since November 2008, the Fed has created about 3.5 trillion dollars and pumped it into the financial system.
Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases.
He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and mortgage-backed securities did help lift asset prices and lower borrowing costs. But it didn’t do much for the real economy.
“Effective demand is dead in the water” and the effort to boost it via bond buying “has not worked,” said Mr. Greenspan. Boosting asset prices, however, has been “a terrific success.”
Since November 2008, every time there has been an interruption in the Fed’s quantitative easing program, the stock market has gone down substantially.
Will that happen again this time?
Well, the market is certainly primed for it. We are repeating so many of the very same patterns that we saw just prior to the last two financial crashes.
For example, there have been three dramatic peaks in margin debt in the last twenty years.
One of those peaks came early in the year 2000 just before the dotcom bubble burst.
The second of those peaks came in the middle of 2007 just before the subprime mortgage meltdown happened.
And the third of those peaks happened earlier this year.
Sorry kdkid, take a look at the chart since inception.. I think you could be wrong on $6.00 or $7.00 maybe $5.40 would be a better bet.