-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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seems like the base is around 1.18-1.19 hopefully it stays there or goes higher!
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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.FEATURES Market Coverage Market Overview Market Update In Play® Story Stocks Short Stories Tech Stocks Market Events Earnings Calendar Economic Calendar Splits Calendar Conference Call Calendar IPO Calendar Upgrades/Downgrades Market Statistics Market Digest U.S. Market Indices World Market Indices Currency Exchange RatesInPlay -------------------------------------------------------------------------------- .1:51PM Draft language suggests longer period of regulatory overhang- Deutsche Bank (APOL) : Deutsche Bank says due to the DoE's updated draft language for next week's final NegReg session they now expect a longer period of regulatory overhang for the market-funded education stocks. They had hoped next week's session would clear up most of the noise, but that is now highly unlikely. Without consensus, firm says the details of the proposed regulation will be unknown until the Notice of Proposed Rulemaking is published, prolonging the period of regulatory uncertainty. (APOL, APEI, COCO, DV, ESI)
1:41PM Semiconductors Hldrs Trust back vacillating near early high (SMH) 27.32 +0.39 : The Semi sector (SMH) was a laggard last week with it dropping more than 3% on Friday and as much as 6.3% off Monday's high. It held at support at its Oct high and 50 day ema and stabilized Friday with the early run today reaching 27.34 which has been retested in recent trade. For the near term as long as the 27.15/27.05 support area is not taken out, it will be in position for follow through upticks. Key short term resistances to work through to neutralize the recent weak pattern are at 27.60 and the 27.80/27.86 area (Click for chart) -- SNDK +6.3%, ADI +1.6%, ALTR +1.7%, AMAT +1.7%, AMD +2.2%, AMKR +1.8%, ATML +2%, LSI +1.7%, TER +1.8%, XLNX +1.6%.
1:37PM Fitch issues special report for 2010 U.S. health care credit outlook : Fitch Ratings issued a special report today on the U.S. Health Care Credit Outlook for 2010. The report provides supporting data and commentary to the conclusions listed in Fitch's outlook press release issued on Dec. 2, 2009, titled 'Fitch: Economic Pressure & Event Risk Will Drive U.S. Healthcare's Negative Outlook in 2010'. According to the report, Fitch's negative outlook for the U.S. Health Care sector for 2010 is driven by two keys factors - continued economic pressure and potential health care reform legislation. Persistent high unemployment impacting health insurance coverage along with a muted ability for people to manage out-of-pocket costs of co-payments and co-insurance will continue to hamper prospects for the industry, in general, in 2010. Fitch says growing event risk surrounding U.S. healthcare reform and the subsequent impact on health insurance coverage, reimbursement and the corresponding change in the competitive landscape create uncertainty regarding the long-term financial results for the sector. Credit trends in the various health care sub-sectors are dependent on company managements' ability to counter these factors to offset potential compression of profitability.
1:33PM COMEX Metals Closing Prices (COMDX) : Feb gold ended the day higher by $10 to $1140.50, March silver closed up 37.3 cents to $18.80 and March copper finished higher by 8.1 cents to $3.447.
1:32PM Cleveland Biolabs doses first volunteers in second safety study for CBLB502 (CBLI) 4.07 +0.12 :
1:25PM Kinder Morgan Prtnrs and U.S. Development Group formed a joint venture (KMP) 55.05 +1.60 : U.S. Development Group announced that it has formed a joint venture with Kinder Morgan Energy Partners. The joint venture will combine USD's designing, developing and operating ethanol terminals with existing Kinder Morgan ethanol terminal and pipeline assets to create a national distribution network of ethanol handling facilities capable of meeting the growing demand for bio-fuels. As part of the venture, USD and KMP will optimize and coordinate customer access to the expanded distribution platform.
1:16PM Headwaters and Axens form strategic alliance (HW) 6.17 +0.14 : Co announced that they have signed an agreement to form a strategic alliance to provide a single-source solution for producing ultra-clean fuels by direct coal liquefaction (DCL) alone or in combination with refinery residues or biomass. Headwaters and Axens create a strategic alliance around their Direct Coal Liquefaction technologies.
1:08PM Silver Trust ETF tests last week's peak at 18.45 -- session high 18.45 (SLV) 18.42 +0.37 : PAAS, SIL, SLW, SSRI.
1:06PM Relative Sector Strength (TECHX) : Sectors that are providing leadership on the latest intraday push to new highs for the market averages include: Energy XLE / OIH, Finance XLF / RKH, Housing XHB, Semi SMH, Ag/Chem MOO, Steel SLX, Gold Miners GDX.
1:02PM Becton Dickinson and Juvenile Diabetes Research Foundation announced program aimed at improving the treatment of type 1 diabetes (BDX) 77.05 +0.76 : Juvenile Diabetes Research Foundation (JDRF) and Becton, Dickinson and Company announced program aimed at improving the treatment of type 1 diabetes by developing novel insulin delivery products to enhance the use of insulin pumps. Through the program, JDRF will support BD's research and development of new products that deliver insulin from a pump to a patient in either an infusion set or patch-pump configuration. An additional goal of the program is improving the speed at which insulin works.
1:00PM First South Bancorp renews stock repurchase program (FSBK) 10.58 +0.33 : Co reports that its previously announced stock repurchase program expired on January 15, 2010. Co had placed the program in an inactive status and did not purchase any of the 486,905 shares approved under that program. Co announces it has adopted a plan to renew the stock repurchase program so that it may repurchase up to 5% of its current outstanding common shares, totaling 487,115 shares. Initially, the stock repurchase program will remain inactive.
1:00PM Main Street Capital announces it closed its underwritten public offering of 2,500,000 shares of common stock at a price of $14.75 per share. (MAIN) 14.74 +0.14 :
12:58PM Dow sets new high of 10715, hovering just under its 52-wk intraday peak from last week at 10723 (DIA) : Top performing components on a percentage basis include: MRK +35, PFE +2.2%, VZ +2.1%, MCD +2.1%, MMM +1.9%, DD +1.9%, JNJ +1.7%, PG +1.5%, CAT +1.4%, CSCO +1.4%. The next resistance zone is in the 10750/10765 area.
12:55PM Natural gas has rallied over the past ~2 hrs, off of session lows, to trade to its best levels of the session and is off 5.1 cents to $5.64 (COMDX) :
Actively Traded Lagging Sector ETF Plays: Heating oil- UHN -1%, Solar power- TAN -1%, Nat gas- UNG -.75%, Euro currency shares- FXE -.75%, Clean energy- PBW -.5%, Wind energy- FAN -.25%, Yen currency shares- FXY -.25%
12:40PM LSB Industries announces initial ammonia production at Pryor Chemical Company Plant (LXU) 15.34 +0.49 : Co announced that production of anhydrous ammonia, which is the initial feedstock for the production of urea ammonia nitrate, began at its Pryor Chemical Company plant in January 2010, but that the production of UAN from the ammonia feedstock has not yet started. Production rates of ammonia are currently below targeted annual rates. When in full production, Pryor Chemical expects to produce and sell ~325,000 tons of UAN and ~35,000 tons of ammonia annually. Co also reported that since there was no significant production at Pryor Chemical in Q4 of 2009, it continued to incur and expense ~$1.6 million per month in start-up costs, in addition to variable costs such as natural gas and electricity. Those costs are consistent with those incurred during Q3 of 2009.
12:31PM Regeneron Pharms moves in tandem with the strength in the biotech space as shares of this stock probe very notable weekly technical resistance surrounding the 25.00 mark (REGN) : We see topping action around 25.00~25.25 going back to late 2007 in play again today. Watch for a key breakout or continued resistance/sellers in this price zone. HoD now @ 25.10
REGN Weekly Chart
12:29PM Intelli-Check Inc confirms it was awarded a pilot agreement from Loyalty and Marketing solutions provider (IDN) 3.78 +0.15 : Co confirms that a "leading provider of loyalty and marketing solutions" has signed an agreement to pilot the IDCheck FastForm technology for potential applications in the delivery of its credit card programs provided to retailers. The agreement allows for the integration of Intellicheck Mobilisa's IDCheck FastForm technology into retail clients' points of sale systems.
12:25PM Stock indices extend early advance after late morning pause -- Dow +94, S&P +11, Nasdaq +26 (SPY) : The 52-wk close high for the S&P from last week is at 1148.46 with the 52-wk intraday peak at 1150.41.
12:17PM Middlesex Water names Richard M. Risoldi Chief Operating Officer (MSEX) 17.09 -0.09 :
12:09PM Apple sets fresh session high of 213.90, its early month 52-wk close/intraday highs are at 214.38/215.59 (AAPL) 213.80 +7.87 :
12:03PM Amgen shares rise to highs here @ midday with notable technical resistance surrounding the 57.75~58.00 level in play once again-- See Daily Chart (AMGN) 57.73 +1.48 : AMGN Chart
HoD now @ 57.75
12:01PM Thomson Reuters' Tax & Accounting business awarded a patent by the US PTO for creating a system to determine a co's tax provision (TRI) 32.93 -0.58 :
11:52AM Relative sector performance (TECHX) : Seeing some relative sector weakness in recent intraday trade (underperforming the S&P) in Semi SMH, Housing XHB, Industrial XLI, Airline, REITs IYR, Medical Supplies, Networking, Coal KOL, Steel SLX. Finance (XLF, RKH) is displaying relative strength.
11:46AM Target hovering in tight range near session high of 50.65, the early Jan/two month peak is at 50.79 (TGT) 50.63 +0.46 : Its November high comes into play at 51.02.
11:32AM SeaChange: DISH Network is upgrading its platform of SeaChange International Spot advertising insertion systems (SEAC) 6.49 +0.04 : DISH Network LLC, a subsidiary of DISH Network Corporation (DISH), is upgrading its entire platform of SeaChange International (SEAC) Spot advertising insertion systems to meet the growing demand for high-definition ad placements. SeaChange is the exclusive ad insertion technology provider for DISH Network.
11:31AM Unit Corp announced its initial 2010 capital expenditures budget (UNT) 49.32 +0.22 : Co announced its initial 2010 capital expenditures budget for all of its business segments of $467 mln, an increase of 57% from 2009. Of this amount, $365 mln is budgeted for its oil and natural gas segment, which includes $319 mln for drilling and completion activities and is a 66% increase over estimated 2009 capital expenditures, $49 mln for its contract drilling segment, a 27% decrease over estimated 2009 capital expenditures, and $53 mln for its mid-stream segment, a 446% increase over estimated 2009 capital expenditures. The company's 2010 operating budget is based on oil and natural gas prices averaging $72.00 per barrel and $5.30 per mln cubic feet (Mcf), respectively, and, in addition to other items, may be adjusted based on changes in commodity prices and industry conditions. The 2010 capital expenditures program is anticipated to be funded mainly through internally generated cash flow and to a lesser extent from borrowings under the company's bank credit facility.
11:27AM Alpha Natural Resources: Cobalt Coal has executed a sales contract with subsidiary of Alpha Natural Resources (ANR) 48.49 +0.34 : Cobalt Coal has executed a sales contract with Riverside Energy, a wholly owned subsidiary of Alpha Natural Resources Inc. (ANR) whereby Riverside has agreed to purchase metallurgical coal from Cobalt's Westchester Coal Mine in McDowell County, West Virginia USA. Terms of the sales contract include a fixed price for 8,000 tons of coal from Westchester per month over a period of twelve months. Any production above this amount will be sold into the spot market. Cobalt has targeted March 1st, 2010 as the start date for commercial coal production into the aforementioned sales contract.
11:26AM AAPL & GOOG run to session highs as the broad market indices consolidate gains just beneath he morning highs (TECHX) :
11:22AM IBM sets minor new 52-wk ahead of earnings (IBM) 133.13 +1.35 : The stock has edged slightly above its early month high of 132.97 to establish a new 52-wk high (session high 133.27) ahead of its earnings after the close. The next technical target zone above is at 134.14/134.93 which is based on the width of the Jan range and marks its Sep 2000 high (Click for chart).
11:06AM Blackboard shares continue the intraday trend lower as price probes potential rising 50 day moving average support now in play (BBBB) 43.58 -1.33 : 50 day SMA @ 43.50 50 day EMA @ 43.25 LoD now @ 43.54
11:01AM S&P 500 extends to upper end of last week's range/52-wk highs (SPY) : Strong run this morning leaves the index slightly extended on a very short term basis (Click for chart) with it back near the upper end of the near two week trading range/52-wk highs. Initial intraday supports are 1143 and 1141.
11:00AM NCR Corp signed a multimillion dollar deal with Westpac New Zealand (NCR) 12.32 +0.28 : Co announced it has signed a multimillion dollar deal with Westpac New Zealand to implement the country's standards-compliant ATM network and help fulfil the bank's promise of better service in its branches. By June 2010, more than 400 devices - 80% of the bank's network - will be replaced with next generation NCR SelfServ ATMs.
10:55AM Pioneer Natural Resources slips to fresh lows on a pick up in volume as it dips below the 50.00 "psych" area to challenge its 20-day ema at 49.61 (PXD) 49.67 -0.85 :
10:48AM Rumor Round Up : The shortened week opened up with a plethora of rumors. It was rumored America Movil (AMX 46.72 +0.15) could be interested in MetroPCS (PCS 6.48 +0.16). Newell Rubbermaid (NWL 15.33 +0.42) saw some early morning strength after the co was rumored to be hearing interest from Proctor Gamble (PG 61.45 +0.63). Rambus (RMBS 21.28 +0.51) heard renewed positive settlement chatter. Note on Jan. 14 wire reports announced Judge Kramer said manufacturers were asking for a two month delay because Micron's (MU) lawyer had health issues. A hearing was scheduled for Jan. 21 to consider the request; shares fell ~8% on that news. Citigroup speculated that Bunge (BG 68.84 -1.01) could be gearing up for another run at Corn Products (CPO 31.07 +1.32) after BG indicated it was in discussions to sell its wholesale fertilizer minding operations. As mentioned before, while many rumors circulate during the day, and the validity of the source of these rumors can be questionable, the speculation may increase volatility in the near term.
10:46AM Claymore Solar ETF extends plunge off last week's high to 14%, holds near its 50 day sma at 9.87 -- session low 9.85 (TAN) 10.00 -0.06 : FSLR, WFR, SPWRA, STP, TSL, YGE.
10:44AM Baidu.com sinks lower intraday as it nears a test of last wk's gap near 425.00-430.00 (BIDU) 430.60 -36.30 :
10:40AM Weight Watchers filed a complaint for injunctive relief and damages against Jenny Craig (WTW) 29.08 -0.04 : Co has filed a complaint in the U.S. District Court for the Southern District of New York for injunctive relief and damages against Jenny Craig. Co seeks to prohibit Jenny Craig from continuing its current "false and misleading advertising campaign, which makes deceptive claims about the success of their program versus the Weight Watchers program that are not supported by fact or science." The complaint states that to support Jenny Craig's claims, generally accepted standards of biomedical research require Jenny Craig to compare the two current offerings of both companies through a head-to-head randomized clinical trial. The ads mislead consumers into believing such a trial has taken place. Rather, Jenny Craig chose to make a purported scientific claim by twisting the findings of an irrelevant 10-year-old Weight Watchers study against a new Jenny Craig study, instead of running a head-to-head clinical trial which Jenny Craig was free to do. In fact, neither of the two studies cited by Jenny Craig, both of which were conducted with different research purposes and protocols, actually compares the efficacy or success of Jenny Craig to Weight Watchers.
Actively Traded Lagging Sector ETF Plays: Nat gas- UNG -3%, Heating oil- UHN -1.5%, RBOB gas- UGA -1.25%, Solar power- TAN -.5%, Commods- DBC -.75%, GSG -.75%, Euro currency shares- FXE -.75%, Crude/WTI oil- USO -.75%, OIL -.75%
10:34AM AK Steel slips to fresh gap down lows as it eyes a test of the 22.00 area below (AKS) 22.73 -0.97 :
10:30AM iShares DJ Real Estate displaying intraday relative strength, working up toward top of narrow two week range at 46.52 (IYR) 46.36 +0.65 : VNO, BXP, SPG, PSA, PEI, MAC, PLD, AIV, CPT, KIM.
10:30AM Penn Natl Gaming secures option for alternate Columbus Casino site at former Delphi Automotive plant on West Side (PENN) 29.55 +0.12 : Co announces it has entered into an option to purchase the site of the former Delphi Automotive plant on Columbus' West Side as an alternate location for its planned development of Hollywood Casino Columbus. Penn National's alternate 123-acre site is located on Georgesville Road near the intersection of West Broad Street. In November 2009, in connection with an amendment to the state constitution, Ohio voters approved the development of a casino in Columbus' Arena District. The company agreed to consider alternate sites at the request of public officials and others in the Columbus community.
INDU Worst % Performers: KFT -2.5%, JPM -1%, BAC -.75%, XOM -.5%, KO -.5%, CVX -.25%
NYSE TRIN @ +1.0 NYSE A/D @ +880
10:23AM Education stocks continuing to display early morning relative weakness -- APOL, ESI, COCO, CECO, DV (APOL) 59.19 -1.22 :
10:20AM Visa climbs higher off the opening to challenge last Friday's high of 87.54 (V) 87.57 +1.43 : Note the stock has been in a narrow range consolidation pattern along its 20-day exponential moving average for the last 4-weeks. Its current January resistance lies along the 87.50/88.00 area with support along the 85.50 area (Click for chart).
10:17AM Microsoft retests early session high of 31.15, hovering slightly under last week's peak at 31.24 (MSFT) 31.15 +0.28 : Note that its 52-wk close/intraday highs from Dec come into play at 31.39/31.50.
10:15AM American Intl shares slip below some notable technical support @ 27.50~27.40 derived from the mid-Dec. low points (AIG) 27.42 -.64 : AIG -2.4% vs. SPX +.75%. LoD @ 27.31
10:14AM Stock indices run to fresh session highs -- Dow +55, S&P +7.9, Nasdaq +24 (SPY) : Relative sector strength (outperforming the S&P) has been noted in Internet HHH, Solar TAN, Casino, Semi SMH, Oil Service OIH.
10:13AM American Medical Alert announced that e-pill has executed an agreement to begin selling AMAC's MedSmart Medication Reminder and Dispensing System (AMAC) 6.50 +0.16 :
10:09AM Watson Pharm confirms filing of FDA application for generic Lidoderm (WPI) 42.00 +1.10 : Co confirmed that its subsidiary, Watson Laboratorieshas filed an Abbreviated New Drug Application with the FDA seeking approval to market its lidocaine topical patch 8% prior to the expiration of U.S. Patent No. 5,827,529. Watson's lidocaine topical patch 8% is a generic version of Endo's Lidoderm.
10:04AM Financial Select Sector SPDR rebounds off support, back hovering near unchanged (XLF) 14.92 -0.02 : The XLF opened on the defensive after not participating in Friday's afternoon recovery attempt but it held at an equality target (Click for chart) and stabilized. A continued posture above this early low leaves a favorable pattern off the Jan recovery high intact -- AXP, BAC, BK, GS, JPM, MS, STT, USB, WFC, C, PNC, MET, TRV.
10:01AM Converted Organics retained Crossbow Group for 2010 marketing efforts (COIN) 1.12 +0.02 : Co retained Crossbow Group of Westport, CT to develop high impact advertising and marketing communications programs targeted to several of the firm's target markets. Crossbow Group will be developing measurable, scalable programs for the retail lawn and garden, agriculture, professional lawn care and golf course markets. Programs will roll-out in the first quarter of 2010.
10:00AM GT Solar sgns more than $40 mln in new contracts with GCL-Poly (SOLR) 6.02 +0.28 : Co announces it has signed contracts in excess of $40 mln with two wholly owned subsidiaries of China-based GCL-Poly Energy Holdings Limited. The first agreement, with Jiangsu Zhongneng Polysilicon Technology Development is for GT Solar's Trichlorosilane Production Technology Solution. The second, with Jiangsu GCL Silicon Material Technology Development, is for GT Solar's Directional Solidification System furnaces and ancillary equipment. These contracts represent the first purchases of GT Solar equipment and services by GCL-Poly and its
Posts: 4381 | From: houston | Registered: Mar 2006
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-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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might end up in red today? hopefully not, but it seeems that when news comes the day after ends in red
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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quote:Originally posted by jdizz: might end up in red today? hopefully not, but it seeems that when news comes the day after ends in red
Just the general market sentiment today. Thats all. Everything is red. BOA news, etc. is making it a red day. So far we're only down 2.5% on a deep red day overall. Not too bad. Who knows how the day will end. I do know we are starting to see some big money getting in as Invester pointed out as well. The trend is you friend as they say. Be patient. We may close in black.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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"... On December 4, 2009, we received a letter from the NASDAQ Stock Market ("NASDAQ") notifying us that for the past thirty consecutive days, from October 22, 2009 through December 3, 2009, the bid price for our common stock has closed below the minimum $1.00 per share requirement set forth in NASDAQ Listing Rule 5550(a)(2). Pursuant to the December 4, 2009 Letter from NASDAQ, we have been granted a 180 day grace period to regain compliance and therefore have until June 2, 2010 to regain compliance with the minimum bid price requirement. To regain compliance, the bid price for our common stock must close at $1.00 or higher for a minimum of 10 consecutive business days within the 180 day grace period... "
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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just got off the phone with jim (the ir person) he said that after 10 straight days being over 1$ then there will be a pr stating that its no longer in affect. that sould raise the pps also imo.
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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quote:Originally posted by jdizz: just got off the phone with jim (the ir person) he said that after 10 straight days being over 1$ then there will be a pr stating that its no longer in affect. that sould raise the pps also imo.
Yep. I was already watching this, but we have to close over $1.00 through next Wednesday. Let's keep our fingers crossed.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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Converted Organics Announces 2010 Sales Force Expansion
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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Converted Organics Inc COIN(D*):NASDAQ *Financial Status Indicator is Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements Education help is ON .Sector: Basic Materials Industry: Chemical Manufacturing 1.13 0.0299 2.72% 335,471 Last Trade as of 10:23 AM ET 1/21/10 Trade Add to Watchlist Last Change / % Change Volume S&P Ranking
Set AlertsSummary News Charts Options Fundamentals Insiders Earnings Financials SEC Filings Converted Organics Announces 2010 Sales Force Expansion 23 minutes ago - Businesswire
Related Companies Symbol Last %Chg COIN 1.13 2.72% COINU 1.26 -10.00%
As of 9:41 AM ET 1/21/10 Converted Organics Inc. (NASDAQ:COIN) announced today the continued expansion of its U.S. sales force with the appointments of Gary M. Ackerson and Jason M. Dowgiewicz as sales representatives for fertilizer products into the professional turf market, including the professional lawn care and golf course markets. Mr. Ackerson and Mr. Dowgiewicz will report to Converted Organics' Vice President of Marketing, David A. Flannery.
Mr. Ackerson brings over ten years of turf, greenhouse and nursery market sales experience to Converted Organics. Prior to joining Converted Organics, he spent five years as Regional Sales Manager for Growth Products Ltd., where he was responsible for expanding distribution of liquid fertilizer and fungicide products and providing consulting services to large greenhouse, nursery and agriculture customers.
Mr. Dowgiewicz's background includes over five years of agronomic research related to turf grass stress tolerance and disease management. Most recently he served as Golf Course Superintendent First Assistant at MDM Golf Enterprises, where he developed agronomic, fertility and chemical programs for public, private and municipal golf courses. Mr. Dowgiewicz holds an M.S. degree in Plant and Soil Science from University of Massachusetts, Amherst.
"By adding five new sales representatives to the Converted Organics team in the past three months, we have created a network of highly qualified experts who are strategically positioned throughout the U.S. to proactively leverage sales in all of our critical markets," said David A. Flannery, Vice President of Marketing for Converted Organics. "Gary and Jason are welcomed additions to this team, which is now actively pursing sales opportunities for the 2010 selling season."
About Converted Organics Inc.
Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.
Converted Organics' flagship manufacturing facility is located in Woodbridge, New Jersey. A second manufacturing site is located in Gonzales, California. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16 percent, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. In a number of lab and field trials, Converted Organics' liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. Increased use of nitrogen in commercial agriculture and turf grass applications, such as on golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product reduces chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.
Converted Organics' products have a long shelf life compared to many other organic fertilizers. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.
This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. Forward-looking statements include the ongoing customer demand for the Company's products and the Company's ability to continue to become more efficient in its operations. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in the "Risk Factors" section in the Company's most recently filed annual report on Form 10-K, as updated in the Company's quarterly reports on Form 10-Q filed since the annual report, not all of which are known to the Company. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these statements. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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Not sure what to think. Osama’s putting his hand in the cookie jar. I would be cautious with all purchases of stocks as money may flow out. I love this company, but the government may push the markets lower. I'm looking to buy on dips.
Posts: 4381 | From: houston | Registered: Mar 2006
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I'm holding this one. The only way I will sell is if it hits my stop. COIN has held up very well during the last few very nasty RED days. Still trading over $1.00 even in these conditions. Pretty impressive. I think this will move nicely once the storm settles and we see some green days.
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COIN hit my stop at .95 2 minutes before close today and then shot right back to 1.00. All my shares sold for 1.00. I was pissed because I wanted to hold out but that close was crazy. I will buy back in if I get the opportunity tomorrow for sure.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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quote:Originally posted by sju1973: COIN hit my stop at .95 2 minutes before close today and then shot right back to 1.00. All my shares sold for 1.00. I was pissed because I wanted to hold out but that close was crazy. I will buy back in if I get the opportunity tomorrow for sure.
Not cool. MM's stole your shares.
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Yeah, I put the stop in a few days ago when it was 1.20. I thought that would be enough wiggle room. I got in at .92 so I wanted to stop out for once without a loss should disaster strike. I guess I should have lowered the stop and rolled the dice. Looks like it's going to move today so far.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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BETHPAGE GREEN UTILIZING CONVERTED ORGANICS' TURF-BLEND™ 6-0-0 FOR ALL GREENS AND TEES
BOSTON -- Converted Organics Inc. (NASDAQ:COIN) announced today that the Company's Turf-Blend™ 6-0-0 organic liquid fertilizer is now being used on all greens and tees on the Green Course at Bethpage State Park Golf Course in Farmingdale, NY. In 2009, a study conducted at Bethpage Green in which standard synthetic liquid fertilizer applications were replaced with Turf-Blend™ 6-0-0 on greens and tees yielded favorable results.
"The course superintendents at Bethpage Green were extremely pleased with the performance of Converted Organics' Turf-Blend™ 6-0-0 during the study, the results of which led to their recent decision to use Turf-Blend™ 6-0-0 as the primary nitrogen source on all Bethpage Green tees and greens," said Edward J. Gildea, President of Converted Organics. "Golf courses can now switch from synthetic fertilizers to Turf-Blend® 6-0-0 liquid fertilizer without sacrificing championship results in turf quality and performance. We look forward to the possibility of Turf-Blend® 6-0-0 being used on other Bethpage courses this season."
Converted Organics' Turf-Blend™ 6-0-0 liquid organic fertilizer combines all the bioactive, disease suppressing characteristics of Converted Organics™ LC 1-1-1 liquid fertilizer, plus the high nitrogen organic lysine technology developed by Archer Daniels Midland Company to deliver a totally soluble, rapid response organic liquid fertilizer. Converted Organics' Turf-Blend™ 6-0-0 has been thoroughly tested and proven to be the first liquid organic fertilizer that can perform as effectively as synthetic liquid fertilizers, such as urea.
About Converted Organics Inc.
Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.
Converted Organics' flagship manufacturing facility is located in Woodbridge, New Jersey. A second manufacturing site is located in Gonzales, California. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16 percent, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. In a number of lab and field trials, Converted Organics' liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. Increased use of nitrogen in commercial agriculture and turf grass applications, such as on golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product reduces chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.
Converted Organics' products have a long shelf life compared to many other organic fertilizers. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.
Posts: 4381 | From: houston | Registered: Mar 2006
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Closed at $1 or above for the 10th consecutive day. Back in NASDAQ compliance. Hope to see a nice end to the week here.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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quote:Originally posted by sju1973: Closed at $1 or above for the 10th consecutive day. Back in NASDAQ compliance. Hope to see a nice end to the week here.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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