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GMX Resources, Inc. 9.25% Seri Message Board

joeevani 511 posts  |  Last Activity: May 14, 2014 12:41 PM Member since: Oct 22, 2004
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  • Reply to

    Dare

    by gktrading2000 Oct 30, 2013 10:40 AM
    joeevani joeevani Oct 30, 2013 11:08 AM Flag

    The dare was buying in 2012 when CHKR was on the rise to $30./share.

  • Reply to

    support?

    by stox456 Mar 20, 2013 10:54 AM
    joeevani joeevani Mar 21, 2013 3:14 PM Flag

    Agreed, wachnirn. I understand the short-term sentiment, but the mid and long-term prospects are favorable. Thanks for the post.

  • joeevani joeevani Sep 23, 2009 6:08 PM Flag

    This is my rationale as well.

  • joeevani joeevani Nov 20, 2008 2:05 PM Flag

    Baltic Dry Index hints at some healing for global markets
    18 Nov 2008, 1911 hrs IST, Mandar Nimkar, ECONOMICTIMES.COM

    MUMBAI: Movement in the Baltic Dry Index in the past few days hints at some healing for the real economy and eventually for the markets. The
    Baltic Dry Index (BDI), managed by Baltic Exchange, is a daily average of prices to ship raw materials. The exchange maintains prices on several routes for different cargoes and then publishes its index.

    This index can be used as an overall economic indicator as it shows where the end prices are heading for items that use the raw materials that are shipped in dry bulks.

    "The BDI has declined 93 percent since hitting a record high of 11,970 last May, dropping to below 1000. The unusual drop was because of investors' panic amid the severe global financial crisis.

    However, the pattern shows some healing for the economy, signaling a possible rally in the global markets in near term. A comparison between India's S&P CNX Nifty and Baltic Dry Index shows both are near bottoming out at current levels," said Ankit Sinha, CEO-Spark Advisory.

    "The only one worth considering now is the Baltic Dry Index (BDI), which tracks the average daily price for shipping raw materials. If you're looking for a clear indication of a market bottom, just look for the BDI to start moving noticeably higher as it often predicts and moves in tandem with the equity markets," said Rodger Moore, head-strategy at DBM Capital Management.

    The BDI offers a real time indication at global raw material and infrastructure demand. Unlike stock and commodity markets, it is totally devoid of speculative players. The BDI leaves no room for speculation, is not subject to revisions, and it can't be manipulated because it is not tradable.

  • Reply to

    squeeze coming?

    by vsgn_fda Feb 15, 2012 1:34 PM
    joeevani joeevani Feb 15, 2012 1:59 PM Flag

    Indeed, vsgn_fda....
    Diamond Foods Institutional Ownership: 129.23%
    Short list of the 244 institutional holders:


    FMR LLC 09/30/2011 2,942,879 (shares owned)
    DEL MAR ASSET MANAGEMENT, LP 09/30/2011 1,911,500
    COLUMBIA WANGER ASSET MANAGEMENT LLC 09/30/2011 1,555,500
    BAMCO INC /NY/ 09/30/2011 1,512,450
    VANGUARD GROUP INC 12/31/2011 1,189,245
    ARTISAN PARTNERS LIMITED PARTNERSHIP 09/30/2011 1,094,600
    BLACKROCK FUND ADVISORS 09/30/2011 904,859
    ARTISAN PARTNERS HOLDINGS LP 06/30/2011 822,100
    STRS OHIO 12/31/2011 800,000
    STATE OF NEW JERSEY COMMON PENSION FUND A 12/31/2011 760,000
    JPMORGAN CHASE & CO 12/31/2011 744,309 731,555
    INVESCO LTD. 09/30/2011 626,244
    AMERIPRISE FINANCIAL INC 09/30/2011 576,984
    BARCLAYS GLOBAL INVESTORS UK HOLDINGS LTD 09/30/2011 551,513
    LORD, ABBETT & CO. LLC 09/30/2011 531,912
    BANK OF AMERICA CORP /DE/ 09/30/2011 224,912
    TIAA CREF INVESTMENT MANAGEMENT LLC 09/30/2011 215,824
    DIAMOND HILL CAPITAL MANAGEMENT INC 12/31/2011 202,015
    PRUDENTIAL FINANCIAL INC 12/31/2011 195,949
    MORGAN STANLEY 09/30/2011 179,026

  • Reply to

    Federal Prosecutors Involved IS A Big Deal

    by skeetz1234 Apr 29, 2010 9:34 PM
    joeevani joeevani Apr 29, 2010 9:40 PM Flag

    ...a significant development.

  • Reply to

    OIL is done going up

    by eghtball14 Jul 16, 2007 3:10 PM
    joeevani joeevani Jul 16, 2007 4:55 PM Flag

    By MarketWatch
    Last Update: 11:54 PM ET Jul 9, 2007

    SAN FRANCISCO (MarketWatch) -- Crude-oil supplies will be tighter in coming years, with a "supply crunch" after 2010 as OPEC's spare production capacity evaporates, the International Energy Agency predicted Monday....

    * Global oil demand is projected to expand 2.2% a year, on average, reaching 95.8 million barrels a day by 2012, up from 86.13 million barrels a day this year. The forecast is based on global economic growth of about 4.5% annually. Oil demand is expected to increase most rapidly in Asia and the Middle East.

  • Alcatel-Lucent preferred (LUTHP) is rising.

    The Beacon-News A Chicago Sun-Times Publication
    Preferred issues for the discriminating investor
    By Malcolm Berko January 21, 2012 3:08PM

    Lucent Technologies Capital Trust Series 1, 7.75 Percent Cumulative Convertible Preferred (LUTHP-$640). The trust trades on the NYSE, matures in March 2017 and is rated CCC by S&P. The annual $77.50 dividend is divided into four quarterly payments of $19.375 and trades ex-dividend on the 15th of March, June, September and December. This busted convertible is now guaranteed by Alcatel-Lucent (ALU-$1.59), a $21 billion-revenue international communications company. The dividend yields a sweet 12 percent. LUTHP does not qualify for the 15 percent tax rate.

  • Reply to

    15% Shorts here????

    by newbie740 Feb 17, 2010 12:30 PM
    joeevani joeevani Feb 17, 2010 1:32 PM Flag

    8 February 2010

    The US Securities and Exchange Commission (SEC) is to consider new curbs on the practice of short selling in the coming weeks, chairman Mary Schapiro revealed in a speech on Friday.

    Speaking at SEC Speaks in Washington DC, Schapiro explained some of the SEC’s goals for the coming year as well as elaborating on the work it has completed over the past 12 months. The chairman only devoted three sentences to the subject of short selling, but they revealed that the practice is at the forefront of SEC planning.

    “Finally, in the past year, we adopted rules that seek to reduce the potential for abusive ‘naked’ short selling in the securities market,” she told attendees.

    “These rules have significantly reduced the number of times short sellers failed to deliver securities. Looking ahead, in the coming weeks, we will consider proposals to restrict the practice of short selling.”

    The SEC hosted a roundtable discussion on securities lending and short selling in late 2009, inviting industry participants as well as beneficial owners who had seen losses during the credit crunch. The talks led to the creation of a number of proposals on restricting short selling, although the regulator has yet to reveal which of these are likely to be adopted.

  • Is Goldman Sachs the Next Drexel Burnham Lambert?
    etfguide
    Ron DeLegge, Editor, On Thursday April 29, 2010, 11:43 am

    SAN DIEGO (ETFguide.com) - The comparisons between Goldman Sachs and the now extinct Drexel Burnham Lambert are too good and too many to ignore.

    During the 1980s Drexel was a Wall Street titan led by powerful financiers. Almost everything the firm did turned into big profits. But charges of insider trading contributed to Drexel's downfall and eventual death.

    Fast forward to today. Goldman Sachs is Wall Street's rock star and almost everything the firm does seemingly turns out right. But allegations of civil fraud by the Securities and Exchange Commission have rocked the company.

    Will Goldman Sachs (NYSE: GS - News) become Drexel Sachs?

    ....In 1986, Drexel's fortunes quickly reversed when one of its managing directors (Dennis Levine) was charged with insider trading. After two long years of steadfast denials, the SEC sued Drexel for manipulating securities, insider trading and defrauding its clients. By 1990, the one-time Wall Street giant Drexel Burnham Lambert was forced into bankruptcy. Few predicted this humbling conclusion and even fewer thought that it was possible.
    (end excerpts)

  • joeevani by joeevani Feb 8, 2007 11:47 PM Flag

    Australia hits record as resource shares pace oil price gains
    Marketwatch - February 08, 2007 11:28 PM ET


    HONG KONG (MarketWatch) -- Asian stocks traded mixed Friday, with Australia's leading index at a fresh record high as BHP Billiton, Woodside Petroleum and other natural-resource shares rose after crude oil prices touched their highest levels of the year.

  • Reply to

    Barron's Slams Drybulk Sector Today

    by play_tow Sep 24, 2008 12:05 PM
    joeevani joeevani Sep 24, 2008 12:12 PM Flag

    ...which means that this is time to start nibbling on steeply discounted shares.

  • joeevani by joeevani May 31, 2012 1:36 PM Flag

    Forbes
    5/31/2012 @ 6:29AM |2,931 views
    Why It Might Finally Be Time For Natural Gas To Make A Comeback

    Andrew Redleaf, Whitebox Advisors

    This is a guest post by Andrew Redleaf, founder and CEO of Whitebox Advisors. The views expressed are those of the author.

    Currently one of my strongest investment convictions is to be long cheap options on natural gas, mostly by owning E&P (exploration and production) firms that have become attractively cheap with the collapse of gas prices. Natural gas prices seem to me to be at inflection, or Stein’s Law, points.

  • Reply to

    PERFECT STORM FOR DRY BULK CARRIER (4/22/09)

    by rogerabc100 Apr 22, 2009 12:23 PM
    joeevani joeevani Apr 22, 2009 2:18 PM Flag

    Goldman Sachs Raises China Economic Growth Forecasts
    By Shamim Adam and Kevin Hamlin

    April 22 (Bloomberg) -- China’s economy will expand faster than previously forecast this year and next as the government’s 4 trillion-yuan ($586 billion) stimulus package spurs domestic demand and boosts investment, Goldman Sachs Group Inc. said.

    The world’s third-largest economy will expand 8.3 percent in 2009, from an earlier estimate of 6 percent, Hong Kong-based economists Helen Qiao and Yu Song wrote in a note published today. CLSA Asia-Pacific Markets also increased its estimate for growth this year to 7 percent from 5.5 percent earlier, according to an e-mailed note.

    China’s fiscal stimulus has already driven investment back to pre-crisis levels and lending surged more than six times in March. China’s economy will continue to recover this quarter and growth will reach the government’s 8 percent target in 2009, central bank deputy governor Yi Gang said today.

    “Policy makers in China have been pushing the envelope on policy easing in only one direction -- for more and more,” the Goldman Sachs economists said. “In the next three quarters, we expect domestic demand growth to further strengthen, bolstered by loose financial conditions and continued policy stimulus.”

    Growth will quicken to 10.9 percent next year, compared with a previous prediction for a 9 percent expansion, they said.

    Urban fixed-asset investment surged by almost a third in March and industrial-output growth accelerated. First-quarter gross domestic product grew 6.1 percent, the slowest pace in almost a decade, as exports slumped.

    “This is a dramatic rebound,” said CLSA’s research note. “China has the resources needed to keep GDP growth in volume terms high for 2009 and 2010.” It estimates growth will reach 8 percent in 2010.

    (end excerpt)

  • joeevani by joeevani Jan 24, 2012 1:05 PM Flag

    BRIEF-Moody's drops unguaranteed rtgs of Lucent Technologies
    Fri Jan 20, 2012 3:45am EST

    Jan 20 (Reuters) - Lucent Technologies Inc.,Lucent Technologies Capital Trust & Alcatel-Lucent

    * Moody's withdraws unguaranteed ratings of Lucent Technologies; ratings of parent company Alcatel-Lucent maintained

    The Beacon-News A Chicago Sun-Times Publication
    Preferred issues for the discriminating investor
    By Malcolm Berko January 21, 2012 3:08PM

    Lucent Technologies Capital Trust Series 1, 7.75 Percent Cumulative Convertible Preferred (LUTHP-$640). The trust trades on the NYSE, matures in March 2017 and is rated CCC by S&P. The annual $77.50 dividend is divided into four quarterly payments of $19.375 and trades ex-dividend on the 15th of March, June, September and December. This busted convertible is now guaranteed by Alcatel-Lucent (ALU-$1.59), a $21 billion-revenue international communications company. The dividend yields a sweet 12 percent. LUTHP does not qualify for the 15 percent tax rate.

    January 23, 2012
    Deutsche Bank upgraded Alcatel-Lucent to buy from hold. It said the outlook for European technology stocks in 2012 will be marked with “fear, uncertainty and doubt”, but for Alcatel, Deutsche Bank sees improving revenue visibility and cost cutting, which will likely drive margin and cash flow improvements.

  • Reply to

    Easily worth 3.75 by end of day

    by killerwave2 Jun 5, 2009 9:38 AM
    joeevani joeevani Jun 5, 2009 11:03 AM Flag

    The dry bulk sector has struggled with debt in part due to the collapse in rates during the recession. The fact that TOPS could post a Q1 (2009) profit as compared with a Q1 (2008) significant loss is favorable considering the impact of the recession. This may be one of the better times to buy/add shares of TOPS.

  • WallStreetDaily
    Published Wed, May 30th, 2012 Jason Simpkins

    "....Worldwide demand for natural gas for power generation is projected to rise 85% over the next 30 years, representing nearly half of total gas demand.

    And the overwhelming majority of that growth is set to take place in Asia, where the economies of China, India and others are rapidly growing.

    India’s gas demand alone is expected to rise to 1.5 billion cubic feet a day by 2017 from about 55 million cubic feet now, according to the country’s oil minister, S. Jaipal Reddy.

    To help accommodate that demand, India’s annual LNG re-gasification capacity would increase from its current 13.5 million metric tons to 48 million metric tons by 2017.

    Meanwhile, China intends to double its use of gas to 853 billion cubic feet a day, or 8% of its total energy supply, by 2015...."

  • The Wall Street Journal
    February 9, 2012, 4:31 PM

    Taking A Bullish Flyer On Diamond Foods
    (excerpt)
    “Traders in call options are exhibiting ‘comeback kid-type’ behavior,” said Caitlin Duffy, equity options analyst at Interactive Brokers. “Today, you can definitely get these at a steep discount, given what happened overnight.”
    The most heavily traded bullish contract on Diamond Foods’ stock were calls conveying the right to buy shares at $25 by mid-March. At a late Thursday price of $1.95, the call options start to profit if Diamond Foods’ shares surpass $26.95.
    In one sign of demand for those contracts, the late-session price was close to the day’s highs.

  • Lloyd's List
    Renewed credit will be 'catalyst' in dry bulk recovery, says Nyborg

    By Keith Wallis - Wednesday 26 November 2008

    Pacific Basin Shipping deputy chief executive Klaus Nyborg said a large question mark hung over the industry, regarding prospects for 2009.
    A RENEWED willingness by banks to issue letters of credit will “be the first catalyst” in the recovery of dry bulk rates.

    Pacific Basin Shipping deputy chief executive Klaus Nyborg said that banks had largely stopped issuing letters of credit because of distrust in the global banking system and fears about the continued financial health of some banks.

    This followed government bailouts of banks in the UK and the US and the collapse of three banks in Iceland.

    As a result, the inability of companies to obtain letters of credit had brought bulk markets to a virtual standstill and caused charter rates to dramatically collapse to record lows.

    But Mr Nyborg said that the recovery in charter rates was unlikely to prompt a return to record highs seen over the past year.

    “I don’t expect remarkable levels. They will be sound levels,” he said.

    Tai Chong Cheang Steamship chairman and chief executive Kenneth Koo said a “satisfactory resolution of the stand-off” between Brazilian iron producer Vale and Chinese steel mills over ore price increases would also buoy the dry bulk market.

    Chinese mills stopped buying iron ore from Vale after the world’s largest iron ore miner tried to push through an 11%-11.5% price increase on existing iron ore contracts. Although this demand was dropped earlier this month, Chinese mills, facing production cut backs and falling demand, had yet to resume buying Brazilian ore.

    “Hopefully towards the end of the first quarter or the second quarter next year we’ll see some improvement [in charter rates],” Mr Koo said.

    Mr Nyborg added that a “big question mark” remained over prospects for the industry in 2009.

    “There is a high degree of uncertainty. I’m not optimistic at all.”

    Mr Koo said that having seen three industry crises in his 26 years in the industry, he was optimistic the shipping sector would emerge from the current meltdown.

    China and India were the two biggest developing countries in the world and forecast the pace of development would continue. Infrastructure spending in the north, north-west and Yangtze river delta areas would continue to fuel demand for shipping.

    Quoting broker estimates, Mr Nyborg said 3% of the newbuilding orderbook, equivalent to around 180 ships, had been cancelled, and an increase in scrapping levels would also have a positive impact on the market.

    He said 12m dwt was recycled in each of the last two peaks in the scrapping sector. With operating costs now higher than previously and older vessels representing a larger proportion of the global fleet, scrapping levels in the current crisis would be much higher.

    Both men said their companies had been relatively unaffected by default charters. “Up until now we really haven’t see this becoming a major problem,” Mr Koo said.

    Mr Nyborg added that Pacific Basin did most of its business with head charterers and did not have long charter chains.

  • Excerpt 11/20/08:

    Meanwhile, despite the stock underperforming the S&P 500 Index (SPX) by more than 85% during the past 60 trading sessions, some optimism continues to surround DRYS. Most notably, Thomson Financial reports that the average 12-month price target on the equity stands at a lofty $42.18 – a level the security hasn't explored since late September. In order to attain this ambitious goal, the stock would need to skyrocket – get this – a massive 1,046% from today's new low.

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