Penny stocks they rise they fall. today I sold Geta at .13 the saddest sell i ever had. I lost boatloads of money. Well anyway at least i don't have to pay taxes on it.
interesting article with all the insider trading. I don't understand I feel like this is what everyone trys to do but I guess its illegal.
http://www.reuters.com/article/ousivMolt/idUSTRE59R5M920091028
Thursday, October 29, 2009
Tuesday, October 27, 2009
Genta Inc. New Website leaked potential NEWS
Right off of the Trading Grasshopper the master of GETA research and Penny stocks
Genta
www.genta.com
GETA
For a short time this morning Genta had a new website (leaked?), but it was removed quickly (after a surge of hits maybe?). Here is a screen grab.
The new site looks much nicer than the current one and has some very interesting content including:
Sunday, November 01, 2009
To Wednesday, November 04, 2009Boston, MA
AACR-NCI-EORTC Molecular Targets And Cancer Therapeutic Conference
Sunday, November 15, 2009
To Thursday, November 19, 2009Boston, MA
Lazard Capital Markets
6th Annual Healthcare Conference
Tuesday, November 17, 2009
To Wednesday, November 18, 2009New York, NY
3rd World Meeting of Interdisciplinary Melanoma/Skin Cancer Centers
Thursday, November 19, 2009
To Saturday, November 21, 2009Berlin, Germany
American Society of Hematology
Saturday, December 05, 2009
To Tuesday, December 08, 2009New Orleans, LA
JP Morgan 28th Annual Healthcare Conference
Monday, January 11, 2010
To Thursday, January 14, 2010San Francisco, CA
American Society of Clinical Oncology (ASCO)
Friday, June 04, 2010
To Tuesday, June 08, 2010Chicago, IL
20th German Skin Cancer Conference
Thursday, September 23, 2010
To Saturday, September 25, 2010 Kiel, Germany
What an exciting leak, hopefully a window with a view of good things to come.
This is my opinion only, always do your own DD, and have a great afternoon!
-The Trading Grasshopper
Genta
www.genta.com
GETA
For a short time this morning Genta had a new website (leaked?), but it was removed quickly (after a surge of hits maybe?). Here is a screen grab.
The new site looks much nicer than the current one and has some very interesting content including:
- An “updated” pipeline that had said that Tesetaxel had completed phase II for breast and gastric cancer.
- A new physical address.
- New job openings.
- Investor Relations page.
- A long list of events Genta plans to attend:
Sunday, November 01, 2009
To Wednesday, November 04, 2009Boston, MA
AACR-NCI-EORTC Molecular Targets And Cancer Therapeutic Conference
Sunday, November 15, 2009
To Thursday, November 19, 2009Boston, MA
Lazard Capital Markets
6th Annual Healthcare Conference
Tuesday, November 17, 2009
To Wednesday, November 18, 2009New York, NY
3rd World Meeting of Interdisciplinary Melanoma/Skin Cancer Centers
Thursday, November 19, 2009
To Saturday, November 21, 2009Berlin, Germany
American Society of Hematology
Saturday, December 05, 2009
To Tuesday, December 08, 2009New Orleans, LA
JP Morgan 28th Annual Healthcare Conference
Monday, January 11, 2010
To Thursday, January 14, 2010San Francisco, CA
American Society of Clinical Oncology (ASCO)
Friday, June 04, 2010
To Tuesday, June 08, 2010Chicago, IL
20th German Skin Cancer Conference
Thursday, September 23, 2010
To Saturday, September 25, 2010 Kiel, Germany
- Last but not least, a new corporate fact sheet
What an exciting leak, hopefully a window with a view of good things to come.
This is my opinion only, always do your own DD, and have a great afternoon!
-The Trading Grasshopper
Sunday, October 25, 2009
Getting money out of America. Buying foreighn bonds Alex Jones, Info wars, Infowar
So today I began the search for how to get my money and families money out of America. I officially started my search again because of the Alex Jones show http://www.infowars.com/ I was listening on Friday and they were talking with the pastor that is friends with the oil baron and he was saying how America will collapse within the next 2yrs and become a failed state. Even if that doesn't happen all the way it seems like it could be headed south maybe a little bit I mean this weekend like 7 new banks failed, bringing the total to 106 what I don't understand is how with all these bank failures SKF keeps going down. AHHHH thats just me pissed about my bet. FDIC is insolvent but everything keeps going up Dow 10,000 that makes a lot of sense. Well anyway the pastor said the indexes should continue up till the end of the year. Well so my point is we ( me family and friends) need to secure ourselves a future. So we don't starve or lose everything. So I've been trying to figure out how to buy up non dollar denominated bonds such as my favorite Turkey Bonds. I don't know it just has a good ring to it.
I did some research and came up with some interesting ideas
http://whiskeyandgunpowder.com/move-your-money-out-of-america-and-soon/
I also learned some about central bank action and gold. Those banks/gold dealers really have some interesting ways of having inside information and
http://whiskeyandgunpowder.com/free-reports/gold-carry/
So I finally found some ways to get out I email bank of Dubai about opening an account also I emailed Garanti bank of Turkey about buying turkish bonds hopefully they will get back to me soon. http://www.garantibank.com/
My main thought is that it would be great to be able to create a corporation in Dubai that is a investment corporation with the main goal of holding foreign bonds such as Turkey gov bonds and corporate bonds and maybe some Eurobonds. The coolest thing about Dubai is that Halliburton is headquartered there and more cool than that is corporation pay 0% tax. So you would have 0 tax which is pretty bad ass. So your company is earning hopefully between 12% and 20% in bonds in non US dollar denominated assets. I was thinking americans would be pretty excited about this and I could start to advertise it. Maybe I can make the first turkish bond ETF based out of Dubai.
I did some research and came up with some interesting ideas
http://whiskeyandgunpowder.com/move-your-money-out-of-america-and-soon/
I also learned some about central bank action and gold. Those banks/gold dealers really have some interesting ways of having inside information and
http://whiskeyandgunpowder.com/free-reports/gold-carry/
So I finally found some ways to get out I email bank of Dubai about opening an account also I emailed Garanti bank of Turkey about buying turkish bonds hopefully they will get back to me soon. http://www.garantibank.com/
My main thought is that it would be great to be able to create a corporation in Dubai that is a investment corporation with the main goal of holding foreign bonds such as Turkey gov bonds and corporate bonds and maybe some Eurobonds. The coolest thing about Dubai is that Halliburton is headquartered there and more cool than that is corporation pay 0% tax. So you would have 0 tax which is pretty bad ass. So your company is earning hopefully between 12% and 20% in bonds in non US dollar denominated assets. I was thinking americans would be pretty excited about this and I could start to advertise it. Maybe I can make the first turkish bond ETF based out of Dubai.
Wednesday, October 21, 2009
NEW PENNY PLAY EPIX Epix Pharmacutical
My friend chris found this company that came out of bankruptcy with a boom. Epix went from being worth .001 USD to .011 in one day a 1000% increase in one day. My friend the The Trading Grasshopper wrote an article on it yesterday for his blog he writes excellent pharmacutical analysis http://tradinggrasshopper.wordpress.com/
EPIX Pharmaceuticals
PRX-03140
EPIX-
There was lot’s of buzz this weekend about EPIX having an “FDA approved” drug auction on Wednesday. The buzz sent the stock up 1000% on Friday and investors seemed eager to jump in this morning. But the funny thing about hype is that it can be deceiving…
If you read the PR closely you will see it says that the FDA approved a “IND” which is an extension of a test.
So the drug didn’t get approved, a continued study of it did. Which means only the patients who participated in phase II will get to continue using it. The phase II trial only had one test subject, which is strange.
I’m sure it was picked for the auction because it is EPIX’s greatest asset. It will likely bring them the most money. However, how much money?
What is for sale here is the opportunity for a larger company to purchase a drug (PRX-03140) for a large market (Alzheimer’s) at a late stage of development. The cost of two trials is behind them, and there is a possibility they
could meet with the FDA and get a Phase III trial approved (which is
the last phase before big time approval), which is good but it would no longer be involved with THIS company
after the auction. Also there are some reasonable claims against the company, somewhere around
$5 million. So if the auction on Wednesday were to yield a far greater amount, say $30m, $25m would be left over for the benefit of the company and its shareholders.
This morning I predicted a price drop because people would realize the drug was not “FDA approved” but merely acquired permission to continue a study. Unfortunately the company is low on funds and is liquidizing their assets to get out with what ever profit they can, and PRX-03140 is their greatest asset. Hopefully it will get some high bids.
Because of the auction on Wednesday, tomorrow after noon might see a light run. But another 1000% doesn’t seem likely. The time to get in would have probably been last Thursday. For those who bought in today I hope I’m wrong.
This is my opinion only, always do your own DD, and have a great afternoon!
-The Trading Grasshopper
GETA has been having intersting times it fell more than 10% today its biggest fall in quite some time. AAPL Apple Computers blew away the computer industry yesterday with a 46% increase in sales its a good time to own them maybe they can do the same thing again next quarter. There stock should keep on moving straight up. Buy geta before you can't.
PRX-03140
EPIX-
There was lot’s of buzz this weekend about EPIX having an “FDA approved” drug auction on Wednesday. The buzz sent the stock up 1000% on Friday and investors seemed eager to jump in this morning. But the funny thing about hype is that it can be deceiving…
If you read the PR closely you will see it says that the FDA approved a “IND” which is an extension of a test.
So the drug didn’t get approved, a continued study of it did. Which means only the patients who participated in phase II will get to continue using it. The phase II trial only had one test subject, which is strange.
I’m sure it was picked for the auction because it is EPIX’s greatest asset. It will likely bring them the most money. However, how much money?
What is for sale here is the opportunity for a larger company to purchase a drug (PRX-03140) for a large market (Alzheimer’s) at a late stage of development. The cost of two trials is behind them, and there is a possibility they
could meet with the FDA and get a Phase III trial approved (which is
the last phase before big time approval), which is good but it would no longer be involved with THIS company
after the auction. Also there are some reasonable claims against the company, somewhere around
$5 million. So if the auction on Wednesday were to yield a far greater amount, say $30m, $25m would be left over for the benefit of the company and its shareholders.
This morning I predicted a price drop because people would realize the drug was not “FDA approved” but merely acquired permission to continue a study. Unfortunately the company is low on funds and is liquidizing their assets to get out with what ever profit they can, and PRX-03140 is their greatest asset. Hopefully it will get some high bids.
Because of the auction on Wednesday, tomorrow after noon might see a light run. But another 1000% doesn’t seem likely. The time to get in would have probably been last Thursday. For those who bought in today I hope I’m wrong.
This is my opinion only, always do your own DD, and have a great afternoon!
-The Trading Grasshopper
GETA has been having intersting times it fell more than 10% today its biggest fall in quite some time. AAPL Apple Computers blew away the computer industry yesterday with a 46% increase in sales its a good time to own them maybe they can do the same thing again next quarter. There stock should keep on moving straight up. Buy geta before you can't.
Tuesday, October 13, 2009
more news Ahmadinejad, and dollar
Ahmadinejad’s Apocalyptic Ambitions
“In your speeches, you pray for God to hasten the arrival of the hidden imam, the Muslim messiah,” stated Curry. “What is your relationship with the hidden imam, and how soon do you think before the second coming?” From MSNBC
“In your speeches, you pray for God to hasten the arrival of the hidden imam, the Muslim messiah,” stated Curry. “What is your relationship with the hidden imam, and how soon do you think before the second coming?” From MSNBC
The Dollar Adrift A global vote of non-confidence.
The biggest story in the world economy is the continuing fall of the U.S. dollar, or at least it is everywhere outside of Washington, D.C., the place most responsible for its declining value. For good reason, the world is wondering if America has cast the dollar adrift.Monday, October 12, 2009
4 biggest banks may have to have some billion dollar write downs
Writedowns on Mortgage Servicing Make Even JPMorgan Vulnerable
The four biggest U.S. banks by assets may have to take writedowns on $55 billion of mortgage- collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings.
The four biggest U.S. banks by assets may have to take writedowns on $55 billion of mortgage- collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings.
Sunday, October 11, 2009
Good Morning Fellow Investors Earnings week is ahead lets hope for the best! SKF GETA GENTA LDSR Bloomberg AP Reuters
Hey everyone just another sunny day in austin I hope. Lots of interesting movements in the currency recently there has really been a breakdown of the dollar
"World leaders are acting on threats to dump the dollar while the Obama administration shows a willingness to tolerate a weaker currency in an effort to boost exports and the economy as long as it doesn’t drive away the nation’s creditors. The diversification signals that the currency won’t rebound anytime soon after losing 10.3 percent on a trade-weighted basis the past six months, the biggest drop since 1991.
“Global central banks are getting more serious about diversification, whereas in the past they used to just talk about it,” said Steven Englander, a former Federal Reserve researcher who is now the chief U.S. currency strategist at Barclays in New York. “It looks like they are really backing away from the dollar.”
Sliding Share
The dollar’s 37 percent share of new reserves fell from about a 63 percent average since 1999. Englander concluded in a report that the trend “accelerated” in the third quarter. He said in an interview that “for the next couple of months, the forces are still in place” for continued diversification." Bloomberg
This presents lots of intersting challenges for investors. But also lots of opportunity. I want to discuss some ways to make money off of these big changes. For one many people say buy gold. I think it is a good idea but you have to be careful gold has big up and down swings. And right now it is at an all time so its tough you know is this the beginning of a whole new level or the peak of trading. Of course many people say it has broken through a resistance level and will continue to rise sharply. Take a look at IAU the IShares Gold Index. Its confusing because so many people thing gold will go crazy and there are still others that think its a great short here is a good story presenting both opinions Jim Rogers Doubts the Dollar.
Here are several other dollar trades for the etf investor who is looking to purchase some currency with out directly buying futures a great way to take advantage of the falling dollar DXDDX Direxional 2.5X dollar Bear Fund here is the page about it from direxion itself DOLLAR BULL.
My other strategy I have been thinking a lot about it is a better bond bet. Bonds in america just aren't exciting enough for me I want to have maybe between 20-30 percent in some sort of bonds so I was thinking where are some areas internationally that should have good bonds. One way to do this with a mutual fund is through Dimensional Fund Advisors Selectively Hedged Global Fixed Income Portfolio. I would like to say I know how to buy brazilian bonds but I don't work at a bond trading desk but here is another hella good way to make some money on some bonds with 10 yr rates of returns in the high 30% talk about damn good returns on bonds Dreyfus's. More examples are ishares EMB which is an index of JPMorgan USD Emerging Markets Bond Fund .
Well thats all the time I have for now. Have a great day of trading.
"World leaders are acting on threats to dump the dollar while the Obama administration shows a willingness to tolerate a weaker currency in an effort to boost exports and the economy as long as it doesn’t drive away the nation’s creditors. The diversification signals that the currency won’t rebound anytime soon after losing 10.3 percent on a trade-weighted basis the past six months, the biggest drop since 1991.
“Global central banks are getting more serious about diversification, whereas in the past they used to just talk about it,” said Steven Englander, a former Federal Reserve researcher who is now the chief U.S. currency strategist at Barclays in New York. “It looks like they are really backing away from the dollar.”
Sliding Share
The dollar’s 37 percent share of new reserves fell from about a 63 percent average since 1999. Englander concluded in a report that the trend “accelerated” in the third quarter. He said in an interview that “for the next couple of months, the forces are still in place” for continued diversification." Bloomberg
This presents lots of intersting challenges for investors. But also lots of opportunity. I want to discuss some ways to make money off of these big changes. For one many people say buy gold. I think it is a good idea but you have to be careful gold has big up and down swings. And right now it is at an all time so its tough you know is this the beginning of a whole new level or the peak of trading. Of course many people say it has broken through a resistance level and will continue to rise sharply. Take a look at IAU the IShares Gold Index. Its confusing because so many people thing gold will go crazy and there are still others that think its a great short here is a good story presenting both opinions Jim Rogers Doubts the Dollar.
Here are several other dollar trades for the etf investor who is looking to purchase some currency with out directly buying futures a great way to take advantage of the falling dollar DXDDX Direxional 2.5X dollar Bear Fund here is the page about it from direxion itself DOLLAR BULL.
My other strategy I have been thinking a lot about it is a better bond bet. Bonds in america just aren't exciting enough for me I want to have maybe between 20-30 percent in some sort of bonds so I was thinking where are some areas internationally that should have good bonds. One way to do this with a mutual fund is through Dimensional Fund Advisors Selectively Hedged Global Fixed Income Portfolio. I would like to say I know how to buy brazilian bonds but I don't work at a bond trading desk but here is another hella good way to make some money on some bonds with 10 yr rates of returns in the high 30% talk about damn good returns on bonds Dreyfus's. More examples are ishares EMB which is an index of JPMorgan USD Emerging Markets Bond Fund .
Well thats all the time I have for now. Have a great day of trading.
Thursday, October 8, 2009
Central Banks
ECB, BoE leave interest rates at record lows
So the European banks are leaving there interest rates the same similar to what America is doing. Very low rates all below 1% they are obviously not to afraid of inflation yet. These are some of the lowest rates in history. We all have interest rates like Japan. If you can't get people to borrow at 1% i guess you can't get people to borrow.
"We have signs of stabilization. We are out of the free-fall," Trichet said. "We have to be cautious. We have to be prudent."
Trichet welcomed the U.S.'s support for a "strong dollar" policy -- some in the markets think the U.S. has been operating a policy of benign neglect towards its currency over recent months in an attempt to boost exports.
Seems kind of coordinated to me. Which is good. Coordination brings stability.
Just another 54 billion $
FHA Shortfall Seen at $54 Billion May Lead to Bailout Bloomberg
Wednesday, October 7, 2009
World Bank issues interesting report
World Bank President Sees Dollar’s Status Diminishing
I went to britain 2 years ago and hung out in oxford it seemed every one liked to drink even the old people. You would see old people and there children getting crunk all the time. Now an interesting article about it
Funny English "42 percent of Britons see binge drinking as “part of Britain’s culture.” About a quarter say there is “nothing wrong with drinking to excess.”"
New Global Trend: Dump a Dollar, Buy a Euro
Any one Looking for the head of a commodities department Apollo Trader Neal Shear Departs Firm, Looking for Work
Apollo Investment Website
I went to britain 2 years ago and hung out in oxford it seemed every one liked to drink even the old people. You would see old people and there children getting crunk all the time. Now an interesting article about it
Funny English "42 percent of Britons see binge drinking as “part of Britain’s culture.” About a quarter say there is “nothing wrong with drinking to excess.”"
New Global Trend: Dump a Dollar, Buy a Euro
Any one Looking for the head of a commodities department Apollo Trader Neal Shear Departs Firm, Looking for Work
Apollo Investment Website
Tuesday, October 6, 2009
interesting news and the stock market goes up!
The stock market keeps going up
lots of excitement in the currency world
Dollar Living on Its Reputation and Borrowed Time
Sector Snap: Gold miners soar on record prices
lots of excitement in the currency world
Thursday, October 1, 2009
SKF, GETA, MANUFACTURING, EMPLOYMENT DATA Realeses tommorow
Finally a good day for both of my holdings. SKF went up almost 7% GETA is up 10% finishing the day with some strong gains. So I'm still holding my 50 shares of skf in case the world ends. But in the mean time several companies are filing Class Action Lawsuits against SKF for false representation. I can't decide if I should file with them. To date I lost almost 70% of my assets in SKF so maybe I can make some back. So GETA may release information Early. I wonder what is going to happen on the announcement date and how early it will be. To much excitement AHHH!
Intersting graphic comparison of where our money is spent
The Billion Dollar question
Tommorow the unemployment news comes out. I wonder how manipulated the numbers will be how will the market respond to the announcement. Lets see. Friday! This may be the last quarter the stock market exists. with the market not looking like its going to reach 10000 this week does that mean its time to change the side of the bet your on. Maybe the biggest short squeeze in history is over. email me The Penny Playa to have any economic questions answered, and if I can't answer them I know the people that can.
Intersting graphic comparison of where our money is spent
The Billion Dollar question
Tommorow the unemployment news comes out. I wonder how manipulated the numbers will be how will the market respond to the announcement. Lets see. Friday! This may be the last quarter the stock market exists. with the market not looking like its going to reach 10000 this week does that mean its time to change the side of the bet your on. Maybe the biggest short squeeze in history is over. email me The Penny Playa to have any economic questions answered, and if I can't answer them I know the people that can.
Manufacturing, employment data push stocks lower
Gilman and Pastor LLP Announces That 6 Days Remain for Investors to File Certifications to Serve as Lead Plaintiff in the ProShares UltraShort Real Estate Fund
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