Archive for October, 2008

LBAS – A deal with Google?

Tuesday, October 28th, 2008

This could be HUGE! Google and other companies like them RARELY and I mean rarely allow smaller companies to use their ticker symbol in press releases.

Location Based Technologies Launches PocketFinder Service for Google Android-Based T-Mobile Smartphones
Tuesday October 28, 6:00 am ET (more…)

Newspapers – Officially Endangered

Monday, October 27th, 2008

This morning, like every morning, I boot up my computer, yawning with hot coffee in hand and house slippers on.  I scan various headlines on Yahoo and then catch a little gossip on AOL, enter my opinion into some random poll just to get the poll results. (more…)

Citizen Inc (NYSE: CIA)

Monday, October 27th, 2008

Citizens, Inc., through its subsidiaries, operates as an insurance holding company in the United States and internationally. It operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment offers ordinary whole life, credit life insurance, credit disability insurance, and final expense policies, (more…)

Petmed Express Inc (Nasdaq: PETS)

Sunday, October 26th, 2008

PetMed Express, Inc., doing business as 1-800-PetMeds, engages in the marketing and sale of prescription and non-prescription pet medications, and other health products for dogs, cats, and horses. Its prescription medications include heartworm preventatives, thyroid and arthritis medications, antibiotics, and other specialty medications, as well as generic substitutes. (more…)

As Capitalism Crumbles, U.S. Taxpayers Pick Up the Pieces

Friday, October 24th, 2008

by Robert Kiyosaki

As we all know, the world changed drastically on Sept. 11, 2001, when the twin towers of the World Trade Center fell.

This year, on the eve of Sept. 11, the twin towers of Fannie Mae and Freddie Mac crumbled. Then, on Sept. 15, Lehman Brothers and Merrill Lynch disappeared. Actually, that was a triple-tower collapse if you count AIG.

In a few years, the biggest pair of towers will collapse: Social Security and Medicare. Even today, they’re looking shaky. How many ground zeros can we as people, a nation, and a world withstand before we admit something is very wrong with our global financial systems? What will it take to wake us up?

Read More

Sound Like Our Housing Crisis?

Thursday, October 23rd, 2008

Once upon a time, in a place overrun with monkeys, a man appeared and
announced to the villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went out to the
forest, and started catching them.
(more…)

Monkeys on Wall Street

Thursday, October 23rd, 2008

Once upon a time, in a place overrun with monkeys, a man appeared and announced to the villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went out to the
forest, and started catching them.

The man bought thousands at $10 and as supply started to diminish, they
became harder to catch, so the villagers stopped their effort.

The man then announced that he would now pay $20 for each one. This
renewed the efforts of the villagers and they started catching monkeys
again. But soon the supply diminished even further and they were ever harder
to catch, so people started going back to their farms and forgot about
monkey catching.

The man increased his price to $25 each and the supply of monkeys became
so sparse that it was an effort to even see a monkey, much less catch one.

The man now announced that he would buy monkeys for $50! However, since he
had to go to the city on some business, his assistant would now buy on his
behalf.

While the man was away the assistant told the villagers, ‘Look at all
these monkeys in the big cage that the man has bought. I will sell them to
you at $35 each and when the man returns from the city, you can sell them to
him for $50 each.’

The villagers rounded up all their savings and bought all the monkeys.
They never saw the man nor his assistant again, and once again there were
monkeys everywhere.

Legacy Systems Holding, Inc.

Thursday, October 23rd, 2008

We normally DO NOT profile one of our portfolio companies as our “Pick of the Week”, but this week is going to be an exception.

Legacy Systems Holding, Inc. (OTCBB: LGYH) is starting to show signs that it is ready to move. Both Technically (which is by far our prefered form of trading and fundamentally. As can be seen in recent press, the company continues to expand its grip on the global playing field not only with its proprietary wet bench technology, but now is starting to shine in the ‘hot’ and ‘trendy’ green/solar market. (more…)

Earnings season

Thursday, October 23rd, 2008

I know its pie in the sky thinking, but maybe, just maybe this earnings season can be what we all so often hear “capitulation” for the market.

If enough of our Dow and S&P 500 companies take this opportunity to write down everything and I mean everything, we may be able to have this all behind us sooner than later. As we have seen with the banking industry, when the analysts, fund managers and general public are braced for the bad news, give it to ‘em. (more…)

QMNM Update

Wednesday, October 22nd, 2008

After speaking with the CEO Eugene Chiaramonte, Jr briefly today we were able to answer a few questions shareholders have been having.

Q. Where does the company stand in regards to the bankruptcy?
A. QMNM is submitting the disclosure statement to the judge this week. Once the judge reviews it he will approve it or disapprove it and the company will have to revise the plan. The CEO Eugene said that this should take about three months before it is finalized.
Q. Is the company still mining and what are their production levels?
A. Eugene says that he should have production numbers at the end of the month and that they have been mining everyday.
Check back periodically as we will continue to update our sites as information becomes available.