posted
Check me on this, I _think_ American hedgefunds can short, as well. I have not researched our stateside hedgefunds for an upcoming rant, not just yet.
NLST might be good for tight margin bouncing.
Dustoff is very good at working five cent plays. Last one, was it TCLL you played?
I don't think offshore hedgefunds read Allstocks, and I don't think Purl is a hedgefund, therefore, giving advice that cannot be used by any member of Allstocks is just useless.
Posts: 136 | Registered: May 2006
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posted
I'm not bashing you. The 5 cent decrease was more likely due to profit taking, not shorting. I just think your analysis, while overall correct about the trend, is incorrect about the reason why.
Posts: 136 | Registered: May 2006
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posted
purl was right on target and it doesnīt really matter that much WHO is shorting the stock, just that somebody is...or maybe was? last nights pr was an invitation to short this stock... i was expecting a bigger dip and iīm just glad itīs holding up well, because i was busy till now and didnīt have the time to flip it however i did place a buy-order at .27 and got filled so iīm loaded now ,ready for a run !
Posts: 2473 | Registered: May 2006
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posted
tompom, I do not have this one on my live feed.
First, NLST has held up remarkably well in light of the poor financial report; surprising!
For a tight profit range like this, you need to watch every trade passing by. Large block sells, 20K, 50K or more in size, at opening price or close, is one indicator of shorting.
Later, you would need to spot similar size trades passing by, at what is estimated to be the low price of the day, or very near.
In short, pun intended, for NLST to exhibit shorting, there must be large blocks sold early on, followed much later by large block buying near bottom price.
Tough call on this one. My nickel projection was based on hurricane speculation adding price support. Many will buy on a dip which supports and drives prices back up. Without speculation, share price "probably" would have dropped ten to fifteen cents and remained low.
Yes, very good recovery, quick and strong. Looks to close down maybe a penny per which is not bad at all. Volume is very healthy, however, some volume might be shorters.
Tomorrow morning, opening price will serve as an indicator of what casual investors are thinking, after reading this news tonight. Fair chance there will be another dip maybe an hour or so after opening, maybe right at opening. Almost impossible to predict on that.
Closing price will be a strong indicator of what is to come tomorrow.
Good recovery which is encouraging for holders. Just be cautious, maybe not hold too long; a small profit is much better than a loss.
posted
itīs looking pretty strong actually i donīt expect another dip tomorrow especially regarding the fact that hurricane season starts june 1.
Posts: 2473 | Registered: May 2006
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Close examination of the NLST quarterly report does not paint a pretty picture. NLST certainly is in trouble, financially. NLST is barely hanging on and has no ability to expand nor take on new contracts, hurricanes or not. Circumstances for NSLT are very similar to WEGI, discussed in another thread or two.
Two types of traders will be involved with NLST.
One group will be newbie types going along for a ride based on what they read on message boards. This is the group whose money will be taken, a result of not performing research and a result of falling for speculation hype.
Other group will be seasoned traders who know the condition of this company and will work on relieving newbies of their money. These seasoned traders will well predict direction of prices, will know when to buy and when to sell. Shares are probably being bought now, below .30 per, and will begin being sold at .31 and above. As prices increase, making a presumption prices will increase, with increasing prices selling will also increase.
Financial condition of NLST is such there is doubt many seasoned traders will work this one. Most will simply pass on this one.
This will not happen. The only way share prices could reach this level is NLST releasing a series of 10Q filings displaying tremendous increases in revenue and net profit. Odds of a such a sudden turnabout in financial status are very low.
Currently, NLST is capped at a maximum of .40 per share. My opinion is today's prices are just about maximum prices for current NLST conditions.
Looking at charts, you will notice NLST fell from roughly 2.15 per to less than .30 per during the last quarter of 2005 year. There is no evidence of NLST being a hurricane play last year. This year is the first year NLST is a hurricane spec.
NLST financials simply do not support higher prices even with hurricane speculation.
My personal strategy would be to take profits now, today, like right now. Readers are highly cautioned I am expressing an opinion which should not be taken as fact. I could be dead wrong. You could miss a chance for higher profits. You also might watch your profits vanish tomorrow or over the coming days of next week.
Readers are urged to perform good research which includes reading SEC filings and close examination of technical charts, one year, one month and current five day charts. Make well founded, well informed decisions.
Again, I am expressing opinion, not facts. I am suggesting you be very cautious in decisions and assume my opinion incorrect until you can prove my opinion to be correct.
posted
Oh great, the Wicked Witch of the West showed up... there goes our MOMO. Like an albatross you are. I can't wait until this stock proves you wrong like GHLT.
.75 this summer.
Posts: 136 | Registered: May 2006
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posted
GHLT has MADE people lots of money too. If you tried to flip, you burned. If you bought at 2.23 when that post was created, you're up $1, despite fluctuations.
You never give picks, only pizz on people's parades. TCLL was your last pick at .25 I believe... at .22 now. Good job. Here's a cookie.
Watch this break .40 next week.
Posts: 136 | Registered: May 2006
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posted
Purl Gurl, I thought you made good arguments about NDOL and I took your advice and dropped out before the crash. However, some of your comments on this company and GHLT do seem to give argument to other's charges that you're being paid to bash.
GHLT is a scam? I'm not in that stock but you're saying that the contracts they're announcing are bogus? The financials they've released showing nice profits are bogus?
And there is no evidence that National Storm Management whose stock price shot from 50 cents to over 3 dollars after Hurricane Katrina was a hurricane play last year?
Please explain these bizarre opinions...
Posts: 42 | From: Kentucky | Registered: Mar 2006
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posted
chill out ghost ! i appreciate purls opinion, although itīs not mine for my part i believe hype will carry this higher and i really like the chart !
Posts: 2473 | Registered: May 2006
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posted
Chill out? All she does is bash and have senseless banter with Dustoff. She claims to be up 1000% since March, but never puts out picks.. except for TCLL.
I'm sick of her.
Posts: 136 | Registered: May 2006
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posted
US hurricanes may wipe out 20-40 insurers-AM Best
Thu Jun 1, 2006 1:03 PM ET By Ed Leefeldt
NEW YORK, June 1 (Reuters) - The U.S. hurricane season kicked off Thursday with another gloomy prediction: major storms could cause $100 billion worth of property loss, and wipe out 20 to 40 insurers.
With a booming coastal population and high-priced real estate, "this is not far down the road," said John Williams, an author of the report at A.M. Best Co., a leading rating agency for insurers.
For 3 to 7 percent of insurers exposed to the catastrophe, that could spell disaster, Williams said. Likely to fail are thinly capitalized property casualty carriers that are low-rated at Best, along with some firms not rated at all.
"This will take a bigger bite out of the industry than the 1906 San Francisco earthquake," Williams said.
Insurance costs from last year's major catastrophes, or "megacats" -- Hurricanes Katrina, Rita and Wilma -- have already reached $58 billion, with some claims still in court. In addition, federal aid to rebuild areas such as New Orleans, which was flooded by Katrina, will top $100 billion, Best said.
With population expansion in vulnerable areas and soaring real estate values, catastrophe losses are likely to double every 10 years, according to hurricane modelers. In Florida, which has seen five major hurricanes in the past two years, four insurers have already failed, according to Best.
When insurers are no longer around to answer the phone, the burden falls to the state, which sets up a claims fund and forces solvent insurers to pay the costs. But settlements are slow, particularly after a catastrophe like Katrina has damaged the infrastructure, Williams said.
DECLINING TO WRITE
Insurers are also running from areas where storm damage is likely to be the worst. American International Group Inc. (AIG.N: Quote, Profile, Research), the world's largest insurer, is declining to write new property policies in areas of the Gulf Coast, while Allstate Corp. (ALL.N: Quote, Profile, Research), the U.S.'s second-largest home insurer, is limiting exposure in areas as far north as New York.
While no one knows where hurricanes will hit this year or in the future, they are almost certain to arrive, fueled by warmer than usual water temperatures and new wind patterns in the Atlantic, forecasters said.
Professor Mark Saunders, head of the British-based Tropical Storm Risk Venture, which plots storms, is expecting two major storms to hit U.S. coastal areas during the hurricane season, which runs for six months through November.
These megacats won't be confined to the Gulf Coast, which has seen the worst of the recent storms. "The specter of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood fantasy," warned Wendy Baker, president of Lloyd's America, a unit of the insurance syndicate, in a speech on Thursday.
Six of the 10 costliest storms in U.S. history have occurred within the 14 months of the 2004-2005 hurricane season. While 2006 isn't expected to suffer the megacats of 2005, it will be part of a pattern that has seen the most devastating pattern of hurricanes since 1900, said Saunders.
On Wednesday William Gray and his Colorado State University forecasting team repeated their prediction that the 2006 season would produce nine hurricanes, five of which would be major storms with winds over 110 miles her hour.
The National Oceanic and Atmospheric Administration expects eight to 10 hurricanes, with four to six of them major. Saunders' group is the lowest, looking for about eight hurricanes, more than three of them severe.
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