I've been following all stocks suggested on this board past couple days and realize that you guys only post when the stock has shot up. Out of the 20 stocks I've been following, 16 are down & 4 are up. These opinions are all based on rumors and volume.
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You need to go back and look at when the stocks were talked about first, not the newest posts. Have you by chance been following ibzt, gzfx, and qbid? All I know is that all three of those are up since I bought them.
Posts: 369 | From: MN | Registered: Mar 2004
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On that note---Mike BUY A ton of this one tooo--- LAB-- buy it right now--you deserve it!
LaBranche Stock Rises on Bullish Analyst Commentary Thursday, March 4, 2004 04:05 PM ET Printer-friendly version
Dow Jones Newswires NEW YORK -- Shares of New York Stock Exchange "specialist" LaBranche & Co. (LAB, news) rose Thursday, following optimistic comments made recently by analysts who track the stock-trading firm and by one of LaBranche's rivals.
That other firm, Amsterdam-based Van der Moolen Holding NV (VDM, news), operates a Big Board specialist business in the U.S. that is affected by the same market forces that drive the specialist unit of LaBranche. Van der Moolen issued its 2003 earnings report earlier Thursday. The results were lackluster - a loss of 15.9 million euros ( $19.4 million) for the year - but the company's chief executive said in a prepared statement that the firm believes "that we will be able to post more acceptable results in 2004."
Speaking on a conference call, the CEO, Fred Bottcher, said Van der Moolen was seeing "ample trading opportunities" as "trading conditions on the NYSE have improved so far in 2004."
At about 3:30 p.m. on the New York Stock Exchange, shares of LaBranche were up $1.22, or 11%, at $11.90. The stock traded as high as $12.15 earlier Thursday, but remains far below its 52-week high of $23.55, set on July 14. The 52-week low of $7.40 was reached on Nov. 18.
Meanwhile, Van der Moolen's U.S.-traded shares were up 45 cents, or 5%, at $ 9.50. Over the past 52 weeks, the stock has traded as high as $16.68 and as low as $6.70.
Some analysts have been more optimistic recently on the short-term future of specialists, even as uncertainty lingers over their long-term standing. With less than a month remaining in the first quarter, "the key drivers" of LaBranche's business - including share volume, dollar volume and stock-market volatility - "are tracking up," said Richard Repetto, an analyst at Sandler O'Neill & Partners.
Mr. Repetto's comments, made on a research report issued on Thursday, follow remarks made earlier this week by Jefferies analyst Charlotte Chamberlain on improved dollar-volume trends at LaBranche and Van der Moolen.
Van der Moolen's 2003 results were partly hurt by a charge to cover the firm's share of a tentative settlement between five NYSE specialists, also including LaBranche, and regulators at the Big Board and the Securities and Exchange Commission. The proposed settlement hasn't yet been formally unveiled by the NYSE or SEC. Also looming are possible charges against individual traders at the NYSE.
Although current conditions may have brightened for specialists, their long- term future remains clouded by market-structure changes now being debated. "With more automation and changes to market structure at the NYSE almost certain to come, we believe there is still a significant amount of uncertainty" around specialists, Mr. Repetto wrote.
And Van der Moolen itself warned against reading too much into the recent upturn. "I would caution you not to get too excited about it," Mr. Bottcher said. "We are seeing improvement, but not a bonanza."
Mr. Repetto doesn't own LaBranche shares. In the report on LaBranche, Sandler O'Neill said it "expects to receive or intends to seek compensation from this company for investment banking services in the next three months." Ms. Chamberlain owns LaBranche and Van der Moolen shares.
-By Gaston F. Ceron, Dow Jones Newswires; 201-938-5234; gaston.ceron@ dowjones.com
Dow Jones Newswires 03-04-04 1605ET
Copyright 2004 Dow Jones & Company, Inc. All Rights Reserved.
-they are on the verge of going JUNK----This is the largest MM=Specialist on the NYSE--not a good sign--where is the money going?
Hey Mike I have been looking in here for about a month and I have posted a couple of times and I have lost money NOT becouse of this site but becouse I am learning I will tell you these people in here PG,Rob,Bob,GM and many others seem to be FINE people to me they are willing to help me or anyone else and I appriciate them very much so dont HOSE my buds!!!
Posts: 74 | From: Alabama | Registered: Feb 2004
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I've only been trading for about 6 weeks now and in that time, I have made my share of quick decisions that cost me. Now I take the news, opinions and tips from this board and then research. I bought into GZFX with a ton of DD that I did on my own based on a post that I read on this board. This board is great for giving out companies and/or products that I (based on my spare time) would never have even heard or known of. Case in point, MDDM.PK. I turned a 400% profit on this stock in two weeks, but without this board, I don't even know that MDM Group even exists. If you don't research, you've got no one to blame but yourself. Although I am new to trading and don't post much, I value the opinions of many members who have alot of experience. One thing that I have found out, take more than a couple of days to see if someone's information (or rumors as you call it) makes or breaks a stock. Had I been a panicker, I would have bailed on GZFX when it hit .05 and not loaded up with more!
NEWS WRAP:LaBranche May Fail To Repay $100M In Bonds>LAB Tuesday, March 16, 2004 11:11 AM ET Printer-friendly version
WASHINGTON (Dow Jones)--LaBranche & Co. (LAB, news), the largest specialist trading firm on the New York Stock Exchange, says it may fail to meet the payments on $ 100 million of bonds unless it is able to make new arrangements with its banker.
The New York-based firm blamed the possible default on the decline in its annual revenue from a year ago, and a recent $63.5 million settlement of regulatory investigations.
The disclosure was made in the company's annual report, filed with the Securities and Exchange Commission, Monday after the financial markets closed.
LaBranche said the only way it can repay $100 million of senior notes maturing in August is through a refinancing or through raising funds by disposing of business assets.
Early this year, LaBranche agreed to settle with the New York Stock Exchange and the SEC, which were probing specialist-trading activity. The company will pay $41.6 million in restitution and $21.9 million in civil penalties.
LaBranche is required to maintain a certain amount of liquid assets and capital under New York Stock Exchange rules and SEC rules.
The firm said it is exploring alternatives for refinancing all, or at least a substantial portion, of the senior notes.
These guys are playing a very dangerous game--maybe it is time for a NEW trading system?--I think that WE need to start looking at the compensation packages to the execs in all of these PUBLICLY held trading co's. note the times---
[This message has been edited by glassman (edited March 16, 2004).]
This board is for discussion and to share thoughts, opinions, and good times to be had by all!! The only place I know that will TELL you which exact stocks to buy to make a guaranteed profit is the Brokerage firm of; Dewy, Skrooum, And Howe. They can help you out. P.S. Alot of dicussion, thoughts, and opinions are, in fact B.S. , But that is why you do DD, as Bob said. Hope you have better luck
Posts: 72 | From: Seattle, WA | Registered: Feb 2004
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The reason this site is full of BS is because of all the newbies making bad predictions.....All newbies should quit posting threads and only reply with a post so we can clean this site up............
Posts: 1171 | From: B.C. CANADA | Registered: Feb 2004
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Gregg--The most fun I have ever had as an artist is teaching Newbie's to blow glass--they have no idea what can and can't be done--the old-timers have so many pre-conceived notions of what is possible---they forget that expirementation is the real key to success---this guy is discouraged cuz he expects instant success--that's all
Posts: 36378 | From: USA | Registered: Sep 2003
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MikeD: You must be quite the DD man: so why not share some of your opinions/predictions. Is this the best you can do- your only topic being this? I'd bet that this is the only subject post you've ever created. These people bust their a**es doing DD and sharing it with everyone else- they don't sit back and pump or bash stocks, and if someone was to do so, ten people would step in and put them in their place. Obviously this is not the site for you- you would be far-better off bickering and whining to/with the bipolar masses at RB- so why don't you? No one asked you to come here No one asked you to sign up as a member You paid .00 to join this forum No one asked you to stay here
Have a "nice" life, MikeD- and one last tip in closing: stay out of granny's bath water- it will only keep you delusional.
BTW, nice call on WNMI, Bob Frey- you made me a very happy man last week. To all of you who bust your a**es and give so much to so many without any expectation of compensation, I thank you all very much. GLTA
Maybe I missed something, but this is a stock forum, right? Then why is it that the only advice that you (MikeD) are willing to give, is in regards to real estate and network marketing (see TrannysToiletWater post)? Why even come into a stock forum with such prejudices? And to do so and then bash someone in here for trading stocks? Based upon your idiotic remarks, you don't like the stock market- you like real estate and marketing schemes, right? Then why don't you just find yourself a nice little network marketing or real estate forum? Why even bother putting up a post here? This obviously isn't 'for you', so accept that fact and move on. You did no one here any favors, and I sincerely doubt that you will be missed
Posts: 339 | From: Clearwater, Fl | Registered: Mar 2004
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