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While not that big yet, this is yet another indication that the steel markets are going to be destabilized more and more in the short-mid term. Construction will be more open than ever for a viable alternative to keep their numbers steady, IMO..
(update on Japan tarrif article follows) __________________
Japan Imposes 15 Pct. Levies on U.S. Steel
TOKYO, August 1, 2005
(AP) Japan will slap 15 percent levies on U.S. steel starting Sept. 1 in retaliation for American duties imposed on Japanese products, a trade ministry official said Monday. The tariffs could run to a maximum of 5.7 billion yen, or $51 million, said trade ministry official Etsuo Sato.
Japan has demanded the repeal of duties imposed by the United States on Japanese steel products under the so-called Byrd amendment, an antidumping law ruled illegal by the World Trade Organization.
Japan imports secondary steel products, such as ball bearings, from the U.S. and other countries.
Washington placed tariffs on hot-rolled steel from Japan, Brazil and other nations starting in 1999 on allegations that those countries were selling their products at unfairly low prices.
Passed in October 2000, the Byrd amendment _ named after West Virginia Senator Robert Byrd _ imposed such penalty tariffs and also awarded American companies the revenue collected by the U.S. government on those duties.
The World Trade Organization ruled in January 2003 that the U.S. measure unlawfully protected the American steel industry. When it was not repealed by the end of that year, Japan, the European Union and six other countries won the right to impose a total of $150 million in economic sanctions against the United States.
Japanese officials have said that they have the right to take countermeasures after repeatedly urging American officials to repeal the duties.
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One other thing -- and I really almost hate to mention it except for the fact that you have all been so helpful with the PLNI and HISC stuff. Please understand I am not trying to pump anything, and if I am being out of line, please let me know and I will keep my mouth shut in the future, but...
I have been tracking Staar Surgical (STAA), that has taken one hell of a hit in their pps because of problems with FDA issues regarding their manufacturing process in their Monrovia CA plant. Their pps dropped to a low of $3.20 a week or two ago. They just had their CC last Thursday, and earings were positive on sales outside of the country. The pps jumped back into the $5's based on this information, but the FDA issues loomed. During the CC, a letter was delivered from the office of compliance stating that their toric product was "approvable," meaning that they could gain approval for the product once their Quality issues were resolved, or potentially license the manufacturing of the product until they work out their FDA issues. It was pretty good news all the way around. The CEO was reluctant to get into the letter, because he "just received it not two minutes ago," but expect news from the company soon about this announcement. If you track the recent pps drop, it coeincides with the FDA letters. This one is a bit of a speculation, but I figured I would share what I know, because I have heard enough to risk a bit on this one, as well.
If you are interested, listen to the webcast replay of the CC, and of course, do your DD and make up your own mind. I don't consider myself to know sickum enough to call this a tip, but just figured this might be one I am right on, and thought I would share. Hey, I found PLNI on my own -- maybe I hit two right:)
Again, I am really sorry if this is out of line -- just trying to put something I think is positive out there for you guys...
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About the audit on Tuesday -- remember the ideas Dagger, George, and I (and others) were bouncing around last week -- don't put all of your eggs in one basket about the audit news just yet. Remeber that they need to buy back a bunch of shares (or said they would) as part of their grand plan to move to OTC. It really makes little sense (if they have the cash) to do this after the audit has been released, because they would just be spending more money.
I really think that I am right about my idea that this week will be about retirement of shares and/or buybacks, along with some positive news about contracts or other "semi-soft" news.
If the audit is done but being reviewed as George reported Bill mentioned last week, then now is really the best time to get that part of the monkey removed from the back. Retire shares and buy back as many as possible while the shares are low, then release the audit a week or so later (when checking is complete), and we are off to the races.
Total conjecture here -- my point is not to be freaked out if Tuesday's news is not about the audit results.
Just remember that we are all long here, both in strategy and term. Anyone's sell-off for lack of audit news is just going to give us a better chance to increase our positions on the swing.
There is very little downside to this company for a pink, and just remember -- no news is not bad news. There is a plan, and it is all coming together. Hang in there and join the "Allstock BB PLNI Millionaires Party" I am already planning for all of us on Paradise Island for 2008.
The first round of Mrgr8tas will be on me!
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PS -- Cold will be the guest of honor, provided he spends at least an hour in a dunk-tank made entirely of recycled plastic, with $0.009 written on his forehead in marks-a-lot. In his honor, you will get three green softballs to throw for $0.009, and all drinks will cost the same. We might have to move the location to Mexico so we can make change for $0.009US, but hey, Cancun is nice, too.
(Love 'ya like a brother, Cold -- no offense)
Obviously had a bit too much wince on my Sunday evening, and it's time to hit the hay -- EH opening comes mighty early for us on PDT time.
quote:The Commerce Department is due to report on construction spending at 10:00 a.m. Economists forecast construction spending up 0.8 percent in June, compared with a 0.9 percent drop in May
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the future is just great for this co long term and fundamentaly it is very undervalued so much can be said for it when breaks i hope i am holding 5 million shares any dip this week will be nothing but opportunity to buy glta
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Really -- HISC: Book to bill of like 34, profitable already, and pending audit and move to OTC like PLNI. It is dipping today again -- looking to increase both PLNI and HISC today. Looking good, guys...
PS -- sorry about my rants last night -- no more "drink and dial" here on this board. Just got excited about this week and it seemed like a good idea to blab at the time.
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Only thing I can see bad for them is if they hit some sort of delay on shipments. ALL of the money we have with them is based on the $8,000,000 in orders they are sitting on. If they can deliver and satisfy, then we are off to the races. If they screw it up, then we rolled snake eyes on this swing.
Otherwise, IMO, we are still seeing a correction from the last jump. Might see a few more cents on occaison, but the floor on this one should be solid barring delays in meeting orders, IMO
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The transportation Bill is done and Bush says he is signing it. In just the 2 counties around me outside of Cleveland,Oh they have $65m earmarked and was waiting for it to pass and the newpaper said they would be starting right away. $290B dollars and the majority of the money is going to roads and bridges.
And for the ones without construction expierence, even when you are driving on a blacktop highway, its still a concrete base with lots and lots of rebar underneath it that has to be done before they pave it.
And the best part is....we are approved in ALL states and Federal(where the money is coming from so they have the say)!!!!!
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Back to PLNI -- man, it sure isn't busting .016, is it? I really thought we would see a dip today on lack of audit "deadline," (from those who don't know about tomorrow's PR). Upped modestly at .0162, and just hoping it goes a little lower before tomorrow to increase position bigtime.
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Let's hope they truly shift their attenton to marketing as they said they are going to. Don't forget, we also have signs to sell. Lots of signs to go over all that rebar!
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Yeah and the sign market is only a MERE $20b a year....yes thats with a B!!
I about flipped when I heard that number but I started looking around and I can see it. The problem with the signs are they dont have the mass production capabilitys they need but I strongly feel they are currently doing something about that right now but better kick it up a notch now that the money is available from fed level.
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WOW! I would have guessed more like 200M!!! MAN, these guys are so poised to rock it's not even funny! About the only way they can F$@#%(*#$) things up is if they fail to get their product out there to ride the proverbial 100-ft face. The R&S deal is a good start, and a strong indication that they are paddling like hell. The planets are coming into alignment...
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quote:Originally posted by mrgr8avill: WOW! I would have guessed more like 200M!!! MAN, these guys are so poised to rock it's not even funny! About the only way they can F$@#%(*#$) things up is if they fail to get their product out there to ride the proverbial 100-ft face. The R&S deal is a good start, and a strong indication that they are paddling like hell. The planets are coming into alignment...
Two things to keep in mind: 1.Georgia Pacific/Bluelinx came to them and asked if the could carry the product 2.R&S came to them as well/ they didnt solicit them
With the fact that they have 63 warehouses and probably 200-300 salespeople(3300 employes so I am guessing at the sales number)and the fact that we save 7-8% right off the top on materials and that doesnt even get into the man hour difference and the lasting effect we have.
It almost looks to good to be true/ the potential and opportunity layed out
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ask...0159...Come'on NITE drop it! Let's fill those sub-penny orders today! If this were a regular pink stock my order would have filled by now. Help me out guys, sell 10-20 mill.
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Hey Bond! We can catch the same flight to the PLNI Millionaire party! Hope you are holding out okay with this monsoon. I am downtown, so it has all been heading around me (as usual), but the poor buggers up near the fires aren't doing too well, I hear. When PLNI hits, I can afford move to Cave Creek and have something to complain about
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Boy...millionaire has an unfamiliar ring to it....dont think I'll make that flight...
I'm just a po' Iowa boy. If this stock jumps enough to make you millionairs, I'll be pushing 13K+ but thats still fine by me. $13K buys you alot in Iowa...
I jump for joy when I make $100 on a stock so anything over $1000K to me is worth celebrating...
Even on that note, I'd still like to see all of you catch that plane to the millionaire island.
Good lux to us all!...
OH..... And thanks for showin up today Cold...we missed you!
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....
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dagger that used to buy you a lot in phoenix to i moved here a long time ago because most people did not want to live in the heat. don't know what changed but it sure did
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I was just in phoenix 2 weeks ago, and yes it is dry heat. In Iowa, 110 degrese is usually devestating. Luckily we only see those numbers about 1x every 2 or so years.
Dont get me wrong, 110 in phoenix was still hard to deal with. It reminded me of when you open the oven to check the turkey. That sudden burst of heat hitting your face...only it lasts all day.
I say keep your 110's....
Really a neat town though....was glad to see it...
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....
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