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Post by soonerlew on Dec 7, 2007 13:08:53 GMT -5
ap.google.com/article/ALeqM5j2FHlVAD2Td-4cg9ZoNW4_8nWCtgD8TC60L82After Sale By SETH SUTEL – 20 hours ago NEW YORK (AP) — Richard Zannino will depart as CEO of Dow Jones & Co. after the financial news publishing company is sold to Rupert Murdoch's News Corp., the company announced Thursday. Zannino became CEO of Dow Jones, which publishes The Wall Street Journal, in early 2006. Dow Jones said in a statement that Zannino's successor would be announced "shortly," and that Zannino would assist in the transition. Murdoch's deal to acquire Dow Jones for $5.6 billion is expected to close shortly after Dow Jones shareholders vote on it Dec. 13. Murdoch had faced opposition from several members of the family that controls Dow Jones' shareholder vote and a union that represents Journal reporters, but he convinced enough members of the Bancroft family to support the deal to assure its passage. The $60 per-share price that Murdoch is paying represented a massive premium of 65 percent what Dow Jones shares had been trading before his offer became public. At a time of general contraction in the newspaper industry, Murdoch has also said he would invest additional resources in the Journal, expanding its overseas presence, online operations and coverage of Washington. Zannino had been the first non-journalist to lead Dow Jones in recent memory. Under his tenure, the company reorganized its business units, launched a narrower and redesigned version of the Journal, and took in the other half of the Factiva news database that it didn't already own, buying the stake held by Reuters Group PLC. In the process, Dow Jones also sold six community newspapers from its Ottaway group to finance the Factiva deal. On Nov. 27, Dow Jones said it was considering selling the remaining papers in the group, consisting of eight dailies and 15 weeklies. Zannino said in a statement that he had been discussing his departure from the company with Murdoch since September. News Corp. formally announced the deal to acquire Dow Jones on Aug. 1.
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Post by soonerlew on Dec 7, 2007 13:09:41 GMT -5
Re: Gossip Column 12/7/07 « Reply #3 on Today at 9:48am »
-------------------------------------------------------------------------------- By: sparkysantos 07 Dec 2007, 09:32 AM EST Msg. 629864 of 629875 Jump to msg. # Listen closely, for the Pigs are about to squeal again, very soon; and much, much louder this time around.
Based on yesterday's close of 13,619.89, the DJIA is but a scant 4.62% below its all-time closing high of 14,279.96. Similarly, the broader-based S&P 500 closed on Thursday @ 1507.34, off only 4.36% from its recent 52-week high of 1576.09. And finally, even the tech-rich Nasdaq, with a Thursday close of 2,709.03, is only 5.33% below its 52-week high of 2,861.51.
So despite soaring oil prices, which while now at around $ 90 a barrel were recently almost $ 100 a barrel; despite the US Dollar trading at or near all-time low against all major currencies; and despite gold hoovering around $ 800 an ounce; US equities, for whatever odd reasons, still seem to be in high demand.
But even though the equity markets are still just 5% or so below their recent highs; in Sparky's opinion investors, regulators, and politicians ought to all be very concerned that the shares of our country's Prime Brokers (Pigs) are not fairing as well as the overall markets.
The primary reason all those observing ought to be genuinely nervous is because in a perfect world these companies should be positioned to profit handsomely from every investment strategy imaginable that the Street decides to employ. Think about it! The hedge funds can't move without the Prime Brokers profiting. Neither can the mutual fund industry, nor the banking industry; or even the online trader.
So why then are the shares of these precious Pigs trading anywhere from 11.24% (Goldman Sachs) to 43.10% (Bear Sterns) below their 52-week highs? Think about that!! This constitutes a huge difference!
Even the shares of can't do-anything-wrong Goldman Sachs (which hatched both Rubin [now @ running Citi] and Paulson, our esteemed and conflicted Treasury Secretary) closed at $ 222.51 yesterday, off 11.24% - twice the indexes - from their 52-week high of $ 250.70.
IMHO, all these Dirtbag companies are in very deep chit; that is precisely what their stock prices are correctly telling us.
Now over the past few sessions we've seen much improvement in these still-depressed shares. But IMO that was caused by all the recent chattering by Uncle Ben and his parroting Governors, all quacking nonsense that collectively suggested further near-term cuts in the Fed Funds rate. Moreover, we have Paulson quacking about how the government is going to intervene and re-define the risk-return objectives of the huge mortgage-backed securities industry; which IMHO is completely absurd and will never ever work.
But looking ahead, and they'll all be filing quarterly financials either this month or next, they are all in very, very deep chit; and IMO very soon their shares will again reflect the pathetic state most of their balance sheets are in.
Stay tuned, and IMO stay safely sidelined ~
Sparky
- - - - - By: gr8hiker07 Dec 2007, 09:45 AM EST Msg. 629873 of 629875 (This msg. is a reply to 629864 by sparkysantos.) Jump to msg. # Sparky: Speaking of pigs,I think I detect F4D and his pack of miscreants scrambling to spin and downplay the chaos occurring before our eyes that is slowly bringing us to the inevitable "finishline".
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Post by soonerlew on Dec 7, 2007 13:10:17 GMT -5
By: gr8hiker 07 Dec 2007, 09:39 AM EST Msg. 629867 of 629876 (This msg. is a reply to 629857 by jay_adobe.) Jump to msg. # JAY_ADOBE: While the frenzy escalates by the day to the inevitable crescendo we all await here, do you feel that although ALL foreign entities haven't "bought in yet", the NSS bus will be allowed to disembark so as to enable those of us chosing the longterm options to climb aboard on the ground floor??? - - - - -
By: dblwmtolle 07 Dec 2007, 09:45 AM EST Msg. 629872 of 629876 (This msg. is a reply to 629867 by gr8hiker.) Jump to msg. # gr8, you give up on asking acca for direction? Now jay is your dd? - - - - -
By: gr8hiker 07 Dec 2007, 09:47 AM EST Msg. 629875 of 629876 (This msg. is a reply to 629872 by dblwmtolle.) Jump to msg. # dblw: Oh , another pig squealing with nothing discernable coming out. Thank you for another strong , meanful obsevation about the state of financial chaos unfolding as we speak.
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Post by soonerlew on Dec 7, 2007 13:11:03 GMT -5
By: imsoweary 07 Dec 2007, 09:37 AM EST Msg. 629866 of 629880 (This msg. is a reply to 629857 by jay_adobe.) Jump to msg. # jay_adobe, you are certifiably insane. For one thing, that was announced YESTERDAY you nitwit. It has nothing to do with your freaky friday. Secondly, it has NOTHING to do with CMKX!
Are you going to try and convince everyone this is your cataclysmic event!? hahahahahaha You are grabbing at straws!! Admit it, jerk, you blew it again! - - - - -
By: jay_adobe 07 Dec 2007, 09:44 AM EST Msg. 629871 of 629876 (This msg. is a reply to 629866 by imsoweary.) Jump to msg. #
NO imso, the event is yet to be revealed. And stop trying to tie every event out in the business world to CMKX. It just doesn't work like that. There are cause/effect events which will ripple throughout the major markets, thus indirectly touching our situation, but to make a major leap of faith and logic that every event is related to us is just plain unhealthy. Step back and look at the whole fuzzy forest around you and quit running from tree to tree yelling wolf. Sit back, relax, I mean really relax, and watch as this whole thing unfolds, both hear and internationally. Remove your sole focus from CMKX for a moment and look at the big, really big, picture. It will save your sanity. Enjoy your weekend. Take a trip out to the forest and stalk a deer or something relaxing. And stop being so critical to those with thoughts that might differ from your own. Each is entitled to his/her opinion without being lambasted by you and your opinion of their opinion, which really is just two opinion which differ mainly by ownership anyway. Enjoy your weekend. IMO - - - - -
« Last Edit: Today at 9:55am by mgl »
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Post by soonerlew on Dec 7, 2007 13:11:49 GMT -5
By: Bellingus 07 Dec 2007, 08:35 AM EST Msg. 28193 of 28198 Jump to msg. # SHO, the GFC and other stuff… Much like the actual creation of the SEC after the depression, SHO doesn’t really have teeth and may or may not be enforced at the whims of the shorters. After the market crash of 1929 FDR realized he needed to give the appearance of making the markets safer and appointed one of the biggest crooks and market manipulators of the day as the first commissioner. He even commented (paraphrasing) that he realized he was allowing a fox to guard the hen house but that the people needed to see something done. Actions to placate the public over the years might accurately be called regulatory masturbation and have continued to present times as evidenced by the goofy ‘self-regulatory’ features built into every supposed safeguard. We don’t need new rules. We need strict enforcement of the ones already in place.
It seems that many have been waiting for some magical date when the grandfather clause would trigger the release of funds waiting for us. Regardless of the letter of the law or what should happen legally, ethically or morally, why in the world would funds be released to holders of stock in a private company? The need to settle open positions applies only to trading stocks. It’s that simple. Oh, and Mahue and team have not failed, and that is not an opinion.
Many hang their hopes on the words of the various PalTalk barkers. I guess that’s okay. But if you choose to do so, step back and analyze what they are saying and if it makes sense. Everything I read or hear online and off I take with a grain of salt. And I’d suggest that if you put any faith in my posts, that you back up and analyze that too. And for Pete’s sake, if you think I’m a windbag, ignore me. I don’t mind.
There has been talk of all of this being a sting operation to capture certain bad guys. It’s pretty clear where I stand on that. Some reason that it couldn’t be so because our government would not involve thousands of innocent people in such stuff and have them risk their money on such a venture. Is that reasoning rational? I don’t know. But think of some of the stuff our government has sanctioned in the past:
1. The ownership of one human by another. 2. The interment of innocent Japanese citizens during WW II. 3. The introduction of toxic waste into small communities just to see the results. 4. Testing the effects of LSD on US soldiers without their knowledge or permission. 5. Completely stripping the true value (silver and gold) from our currency, leaving us all virtually and literally bankrupt.
I could continue but I’m getting sick. Now, do you think that if it served them in some real or perceived way they’d care if a bunch of penny stock speculators lost their money? BTW, we haven’t lost.
Another myth floating around out there is that the cert pull covered the shorts. It hasn’t – not even close. There have been some smaller firms that have settled open positions in CMKX. But they did it because they realized it was the smart thing to do, not the right thing. One would think that because we have certificates that the issuing parties must have purchased them – that’s quite logical but not the case. There are so many unprecedented occurrences around all of this, it would make your head spin. The cert pull was conducted for several reasons and theoretically, one could draw the conclusion that the issuing parties had to cover open positions to get them for us. Sorry, not so, at least for the vast majority of open positions.
I do believe there is a rather large pile of money waiting for us and that it has been ready for distribution for quite some time – and I do believe it’s directly tied to the monkey business that has occurred in the market – just not the way one might expect. But again, it isn’t dependent on any government agency doing the right thing – and we can thank God and a really old dude for that. The reason this money has yet to be released is a topic for another time - maybe.
Will SHO and the GFC ever be of meaning to us? Perhaps. But that will be up to decisions that you will eventually have to make about your investment.
One other thing. I ain’t really that smart. In high school I made the top 97% of my class possible. Every one of my opinions and posts comes from information available to anyone. I find that facts are pretty easy to come by - it's the interpretation that's key - and I'm an optimist by nature – not a sappy dreamer, an optimist.
Some fact, some opinion. Peace.
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Post by soonerlew on Dec 7, 2007 13:26:34 GMT -5
A little Melvin Recap........ twistcapper Administrator Re: Melvin Courtesy of UCROCKS and Pro Cmkx Room « Reply #3 on Today at 7:38am » -------------------------------------------------------------------------------- Really short synopsis: Melvin expects two open pit mines in the FALC that will encompass the area - 1 in the north and 1 in the south. Melvin spoke with UC yesterday. If asked last year, Melvin would have rated the chances of our success a 3 - right now an 8. TC www.cmkxgroup.proboards88.com/index.cgi?board=general&action=display&thread=1197005029audreyhepburn King of Diamonds Re: Melvin Courtesy of UCROCKS and Pro Cmkx Room « Reply #4 on Today at 7:51am » -------------------------------------------------------------------------------- Ok my short hand is not the best but here is what I heard Mel:Said he talked to Urban today Mel: Said he would not be surprised to see 3-4 holes on the Oreo Mel:no late maps of FALC Mel:1 year ago chances were 3-4 of return now 8-9 out of 10 chance of success. Mel:No comment on Rick Kaminski stepping down Feels some of the big boys are coming in. Out for a smoke will be back soon. Not me Melvin. Melvin is back Melvin said :Urban said no way would he let the claims go. Tech cominco large company wants in the diamond business Urban is well health wise. Area is rich in minerals got to get them out of the ground. Mel:Taking the 5th when asked if Urban is in some control of the company, then said no comment. Mel: No oil in FALC area Mel: Urban is confident about shareholders Mel;Can pick up a sense of pending vindication when talking to urban
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Post by 3bid on Dec 7, 2007 13:43:49 GMT -5
eureka1968 DIAMOND JEDI MASTER Melvin 12/6 Very Good « Thread Started on Today at 12:46am » -------------------------------------------------------------------------------- Melvin, Momike Great stuff. Good listening www.zshare.net/download/54326872b88335/Melvin lives in Saskatoon Speaks to Urban all the time I filtered out the noise and uploaded the file to another free download site - without the pop-ups. Non paying users must wait about one minute for download to begin. rapidshare.com/files/74974167/Melvin_q_and_a_Dec_6th_.mp3
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Post by soonerlew on Dec 7, 2007 14:16:45 GMT -5
Thanks, 3bid!!!!!!!
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Post by soonerlew on Dec 7, 2007 14:18:27 GMT -5
Re: Gossip Column 12/7/07 « Reply #8 on Today at 12:30pm »
-------------------------------------------------------------------------------- By: MAILMAN1 07 Dec 2007, 11:03 AM EST Msg. 629923 of 630012 (This msg. is a reply to 629835 by grajekk.) Jump to msg. # grajekk got you an answer from Bill Frizzel on how many shares in treasury. Sent:12/7/2007 10:47:36 A.M. Eastern Standard Time From:bfrizzell@tyler.net To:XXXXXXXXXXXXXXXX Subject: Question
In round figures, 700 billion outstanding shares, the company is authorized to issue 800 billion shares.
From: Sent: Friday, December 07, 2007 7:47 AM To: bfrizzell@tyler.net Subject: Question
Bill,
How many shares are in the company treasury at this time?
Thanks
By: jay_adobe 07 Dec 2007, 11:45 AM EST Msg. 629964 of 630012 (This msg. is a reply to 629923 by MAILMAN1.) Jump to msg. # MAILMAN, If there are that many in the 'treasury', I wonder how many are actually issued and outstanding, and how many are actually certificated, and how many are being held by brokers that were never certed? If one retires shares back to the treasury, it does, in fact take them out of the hands of the street. Hmmmmmm. So now we have a number of shares stated in writing that is the 'treasury', and we have a number that is 'issued and outstanding', and we have a number that is 'certificated', and we have a number that was reported to the TF during the 'cert count'. All of these are different numbers. Makes one wonder why, and gives topics to ponder. Remember the old PRs that referred to retiring shares to the 'treasury'. Enjoy your weekend. - - - - - View Replies »
By: mo_info 07 Dec 2007, 11:55 AM EST Msg. 629972 of 630012 (This msg. is a reply to 629964 by jay_adobe.) Jump to msg. # jay, he never answered the question, he stated roughly 700 billion outstanding.
MAILMAN, If there are that many in the 'treasury', I wonder how many are actually issued and outstanding,
By: jay_adobe 07 Dec 2007, 12:14 PM EST Msg. 629996 of 630012 (This msg. is a reply to 629972 by mo_info.) Jump to msg. # mo, Sure he did. The question was how many in the treasury. The answer was 700 outstanding. He answered the question; of course he answered the question. Why wouldn't he?
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Post by soonerlew on Dec 7, 2007 14:19:16 GMT -5
By: imsoweary 07 Dec 2007, 11:50 AM EST Msg. 629967 of 630012 (This msg. is a reply to 629964 by jay_adobe.) Jump to msg. # jay_adobe, more hocus pocus from you. Frizz cleary stated there were 703 billion OUTSTANDING shares in his reply. He never said there were that many in the treasury, even tho that was the question being asked. He never answered the actual question. Once again, you attempt to twist and manipulate the facts. A liar of the worst kind. - - - - -
By: jay_adobe 07 Dec 2007, 11:53 AM EST Msg. 629969 of 630012 (This msg. is a reply to 629967 by imsoweary.) Jump to msg. # imso, And that, dear ma'am, is much different than 'issued and outstanding', and much different than 'certificated', and much different that what is 'retired to the treasury'. And from where in BF's response did you get 703? - - - - -
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Post by eastcoastswing on Dec 7, 2007 15:38:37 GMT -5
ENT down to .07
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Post by soonerlew on Dec 7, 2007 15:43:40 GMT -5
Re: Gossip Column 12/7/07 « Reply #10 on Today at 3:31pm »
-------------------------------------------------------------------------------- By: carquest44 07 Dec 2007, 02:34 PM EST Msg. 630103 of 630142 (This msg. is a reply to 630030 by nosurrendernc.) Jump to msg. # nosurrendernc, At the time, that was the correct info i receieved. Unfortunatly it became a legal play and ALL TIMELINES became impossible to predict and still are. I certainly did not mean for that post to offend anyone. Justmoby, no one was blowing smoke up anyones butt. The claims are real and the value is there,incredible value imo. Now you can choose to believe it or not, it's all up to you of course. There will be a time in the near future that we all will sit back and say to ourselves,"WOW, how lucky i am to be a part of this". Take care all and have great, safe HOLIDAY.
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Post by soonerlew on Dec 7, 2007 15:44:23 GMT -5
Re: Gossip Column 12/7/07 « Reply #11 on Today at 3:36pm »
-------------------------------------------------------------------------------- By: klonopin2mg 07 Dec 2007, 03:09 PM EST Msg. 630116 of 630143 (This msg. is a reply to 630103 by carquest44.) Jump to msg. # carquest', thanks and let's not forget....
the "good outcome" CANNOT be changed.....
EVERYONE enjoy the weekend!
KLON" IS GONNNNNNNNNNNNNN!!!
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Post by hundredtoone on Dec 7, 2007 18:30:20 GMT -5
The exceptionally important packages held in D.C will be leaving there this afternoon. The Provost should not have told the "countries" to go to hell. More bankers were arrested this week, still more were given ankle bracelets with a guarantee of arrest today if they have not done "this and that" by today. Lets hope EVERYONE is correct: Our group which says delv's tomorrow, announcements soon after, AND those who say next week (for still more deliveries). casper 12-07-07 p.s. late breaking news says they may very well bring the "packages" along with the first deliveries of 2 cards plus check. etc. ( there are FOUR packs total -not including the OFFSHORE pack/packs.) www.fourwinds10.com/siterun_data/nesara/news/news.php?q=1197062623...Flying Moose(cmkxunofficial)
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Post by soonerlew on Dec 7, 2007 20:30:26 GMT -5
Re: Gossip Column 12/7/07 « Reply #14 on Today at 7:33pm »
-------------------------------------------------------------------------------- By: justmoby 07 Dec 2007, 06:58 PM EST Msg. 630226 of 630250 Jump to msg. # According to the ALL knowing of nothiness ACCA we lost because nothing happened by dec 8th.
only thing happening tomorrow is me Christmas shopping and urban looking for a country to buy with shareholder funds - - - - -
By: kilroy.killunhappy person 07 Dec 2007, 07:01 PM EST Msg. 630228 of 630250 (This msg. is a reply to 630226 by justmoby.) Jump to msg. # Just Moby, if UC has all the funds, did he screw the master of black ops Maheu and The Stocklein Group out of any of the proceeds? Or are you saying they colluded with UC to enrich themselves and are on the lam with him? I'm just not clear on how you guys have them instrumental in this simple and obvious pump and dump that enforcement can't seem to unravel yet.
\\|// ( o o ) ~~~~oOOo~(_)~oOOo~~~~ KILROY WAS HERE
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By: justmoby 07 Dec 2007, 07:16 PM EST Msg. 630238 of 630250 (This msg. is a reply to 630228 by kilroy.killunhappy person.) Jump to msg. # kilroy at this point the only thing i can see any of the lawyers doing is collecting on a invoice. - - - - -
By: kilroy.killunhappy person 07 Dec 2007, 07:23 PM EST Msg. 630242 of 630250 (This msg. is a reply to 630238 by justmoby.) Jump to msg. # Let's see, so you're saying Roger Glen of Edwards and Angel sent him an invoice for "Dilution - $500,000", then Maheu sent an invoice for "Misrepresentation - $40,000" and Stocklein sent an invoice for "Advising Switch to Criminal Attorney - $50,000", then UC threw the invoices away, and they all just said, "Oh, well, we were scammed by one of the best. Guess we'll forget it and move on."
Is that kind of how you think it went down, Moby?
\\|// ( o o ) ~~~~oOOo~(_)~oOOo~~~~ KILROY WAS HERE
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