You/re blaming the wrong people. If you want to know who tanked the muni bond fund mkt, look no further than uncle Ben. He opened his pie hole and stuck his size 7 shoe in it with his comments about the "taper". He spooked the market so badly that it almost caused a crash. Only after he saw what he'd done and I'm sure he heard from a lot of people that he screwed up big time, did he try to "walk back" some of his statements. BTW, I have been out of muni's for years (since 08 actually) but with these prices I'm starting to take up positions again. The tax aspect of muni's shouldn't be over looked.
What baffles me is how brainless people follow these guys like they are gods or something. I guess people can't think for themselves anymore. It's like yelling fire in a movie theater, everybody stampedes for the exits. Oh well, buying op for me.
We were @ $12.72 when the big news about Redeem, which turned out to be mostly fluff hit. We lost most of the gain from that hype and were @ 12.99 when Alex Potter from Piper stepped on his Johnson which drove us down to the high $10's and now we're up over $13.10 and holding waiting for the enevitable good numbers to come rolling in. BTW, I backed up the truck when I read Potters report because I knew he was grossly mistaken.
What I find amazing is Alex Potter is a VP with Piper and has degrees galore. I can't understand how he could miss so badly.
On my Scottrade quote screen it shows SIRI## and the line is blank except share count in my acct, but if I type SIRI into my other "Watch" quote screen I can see everything in RT. Very weird
BID/ASK is 3.82-3.83 right now up .09 (2.XX%)
It didn't go. LOL
That people are just now waking up to the fact that the big oil discovery in the upper middle of the country is worthless unless the crude oil can get to a refinery and the only way to do that is by rail as there are no pipelines and probably wont be for several years?
Here's what I think happened. A lot of people put stop sell orders in prior to earnings as insurance against a lousy report. someone gets spooked and decides to dump a block, or someone else wants to get the stock heading down to be able to cover a big short position. Someone else sees the price drop and thinks the earning were stinko even before he had a chance to read it and thinks that the smart money believes the report was bad so he bails. This causes a cascade effect as all the stop orders are triggered. I've seen this so many times. It's really hard for a stock to recover from a stop order selloff. It takes real conviction to buy when a stock falls off a cliff.
"Does Yahoo limit characters?"
Yes. As your post gets close to the limit you'll begin to see a digit below the left side of your post indicating the number of char left.
WPRT is def a long term investment along with CLNE. I think of the migration from crude oil based fuels to NG on 5 levels.
level 1 Cars
level 2 Light duty delivery vans, trucks, & buses
level 3 Long haul catagory 8 trucks
level 4 Railway
level 5 Ships
(1 massive container ship produces as much air pollution as 50,000,000 cars)
All 5 of these sectors are migrating to NG as I type this albiet at different rates. The 2 groups I see as having the biggest impact on the shift from oil to gas is Railway and ships.
I guess you don't know how the stock mkt works. That is an old GTC bid that has probably been there for years. Read a book on the stock market, you need it.
"It's rigid, it's prone to derailment, and when it derails because of the coupling design, they're prone to puncture," says Lloyd Burton, a professor at the University of Colorado who studies rail transport of hazardous materials.
It turns out DOT-111A's make up two-thirds of the tank cars used in the U.S. and Canada — they're like the workhorse of the rail industry.
Thousands of them roll through towns and cities across America every day. And Burton says they're carrying increasing amounts of increasingly volatile crude oil and chemicals produced by North America's booming energy industry.
"The most dangerous crude, the highest sulfur crude, the most explosive and most flammable materials are being carried in tank cars," he says, "And they're being carried in tank cars that are simply not equal to the task."
Changing The Tanks
For decades, the U.S. NTSB has been issuing strongly worded reports about the safety of these very same DOT-111A's, calling them "inadequate" for carrying "dangerous products."
Despite those warnings, the rail industry has resisted replacing its tank car fleet.
Newer double-hulled cars are expensive and railroad executives have argued that freight trains overall have a strong safety record. But last month, Hunter Harrison — head of Canadian Pacific — said the disaster had changed the debate over DOT-111A's.
"Well, I think they'll be phased out as far as dangerous commodities. We're much more, rightfully so, sensitive about the environment today than we were when these cars were built," he said. "Shame on us as society."
Experts say phasing out DOT-111A's in North America would take at least five years.
Last month, the U.S. Department of Transportation launched a new rule-making process that could determine once and for all whether the industry will be forced to replace its tanker fleet.
***phasing out DOT-111A's in North America would take at least five years***
for the story, heres a little tidbit.
"Three months ago, a train carrying American crude oil derailed and exploded in the heart of Lac-Mégantic, Quebec, killing 47 people.
Local leaders now say recovering from the disaster will take much more time, effort, and money than they expected.
Industry experts say the accident could change the way oil and other dangerous chemicals are transported on trains in North America.
"So, the petroleum mostly flew on the ground, on this side to the lake. So, the lake was burning for a big part," he says. "That was something to see, yeah? You can see here, all the landscape in this area is destroyed ... all these houses are gone now. Nothing there, nothing there."
Adding to the pain and frustration, a growing number of experts and government officials in the U.S. and Canada say that there were plenty of warning signs long before disaster struck.
Robert Mercier, Lac-Mégantic's environment officer, says his office tried to raise questions about the Montreal, Maine and Atlantic Railway and its growing shipments of hazardous oils and chemicals.
"We were very worried about the conditions of the rail — we were talking about that many times," Mercier says. "It was a great concern about the train and the condition of the rail and all these tanks that were passing every day."
A Sub-par Freight Car
Since July, investigators in the U.S. and Canada have focused on a wide range of red flags — from the condition of the tracks, to the staffing level of these big industrial trains, to new evidence that the hazardous chemicals aboard the Lac-Mégantic train were mislabeled.
But much of the scrutiny has fallen on the type of freight car that erupted that day — the big, sausage-shaped tank car known in the industry as a DOT-111A.
I don't think that's how it will play out. The hint is in the wording. "help offset the monthly cost" These NG conversions will be financed through GE and that means a monthly payment like paying off a loan. Using the $8000 figure and assuming a 2 year term @ 10% interest comes to about $370.00 per month. Say CLNE would pay half of that CLNE is on the hook for 185 bucks a month. During that time they will sell about 1850 gals of LNG. or about 45,000 gallons per truck for the term of the loan. The above is just my wild assumptions so may be totally invalid. Even if they break even or make a tiny profit the stage is set for years into the future.
He rated it as less of a factor, I rated it as a factor that just went extinct. Either way it's just what the doctor ordered. I'm too elated to quibble over semantics. I just picked up another 900 shares. IMO anything under 12 bucks is a fire sale.