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Re: Something to watch.... SNA.v

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Originally posted by moneyman Been watching this stock for about 8 months worth checking out. its volatile but the technology is stellar. Star Navigation systems. SNA.V or SNA on the TSX venture. Long story short its a company that makes a black box that does real time data. no need to search for the box after a crash its all live data prior to an accident along with the logging of pilot trends, fuel consumption trends, maintenance trends based on usage and abuse by pilots etc etc. They are partnered with EADS Astrium. Eads is the parent company of AirBus and Astrium is the aero space side of the business. Anyway I love the technology and this is very promising, bought in at about 12 cents still holding.

This reminds me of Aero Mechanical, AEO's the ticker I think? Heard of them?

Aero is AMA

Aero Mechanical is AMA.v

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Originally posted by moneyman both companies have limited cash flow. And AMA is already in a pending Patent infringement battle with SNA, of which SNA has backed off on due to the fact that AMA would not be able to settle financially should SNA win. If you check out the patent registration dates SNA patented the technology YEARS before AMA. just my 2 cents.

That makes no sense, if it were true they would sue their a$$es as soon as possible, take whatever they got and make them go bankrupt; hence causing their shares to go up. That's how capitalism works.

quote:

Originally posted by Dr. Z That makes no sense, if it were true they would sue their a$$es as soon as possible, take whatever they got and make them go bankrupt; hence causing their shares to go up. That's how capitalism works.

not really, it depends on how the whole cost/benefit analysis works out.

litigation ain't cheap.

Should be a decent day out there, commods are all up this morning. Come onnnnn golds

I wonder how the stock market... especially Windmill manufactures will take the news that Bush Jr wants more wind power over petrol.

oil report was slightly bearish today. I went in half my third position. I guess my model is 5 positions now :s

Looks like it was all a headfake, everything is retracing now.

When will we see some support here?

I love Eric Golds baby golds!

From bloomberg today:

quote:

Eric Sprott Says S&P 500 Index Slump Just Starting By Matt Walcoff May 27 (Bloomberg) -- The month-long slump that�s erased 12 percent from the Standard & Poor�s 500 Index is the beginning of a collapse that will drive the measure below its weakest level of 2009 in the next year, money manager Eric Sprott said. The $1 trillion European rescue package announced May 10 has failed to stop the global equity slump, indicating investors are skeptical that efforts to address the debt crisis will work, said Sprott, manager of the best-performing Canadian mutual fund with at least $1 billion in assets in the past 10 years. In response, Sprott is buying gold and betting against stocks. Sprott is betting that governments around the world have run out of ammunition in their attempt to boost economic growth and counter banking losses through stimulus spending and lower interest rates. The S&P 500 surged as much as 80 percent after sinking to a 12-year low on March 9, 2009, after the U.S. government spent, lent or guaranteed up to $9.66 trillion to end the financial crisis. �Our thesis is we�re in for a long, deep cycle, and we�ve thought that since 2000, but up to this point, governments and central banks have always tried to stave it off,� Sprott, manager of the Sprott Canadian Equity Fund, said yesterday in his Toronto office. With budget deficits surpassing 10 percent of gross domestic product in Ireland, Greece, the U.K. and Spain, and the U.S. at 9.3 percent, policy makers have no choice but to pare spending, threatening economic growth, he added. Markets Oversold? The Sprott Canadian Equity Fund returned 519 percent in the 10 years that ended April 30, compared with a 62 percent gain for the S&P/TSX Composite Index. The Sprott Hedge Fund, which the 65-year-old investor also manages, has jumped more than 488 percent since its establishment in November 2000. In December, Sprott said the S&P 500 would eventually sink below 676.53, its closing level on March 9, 2009, without providing a timeline. European deficit concerns have helped drag the gauge 12 percent from its 2010 high on April 23 to a close of 1,067.95 yesterday. Its futures expiring in June climbed 1.9 percent to 1,081.20 as of 9:36 a.m. in London today. U.S. stock markets are oversold and may rally strongly in the next few days, investor Barton Biggs, who runs New York- based hedge fund Traxis Partners LP, told Bloomberg Television. Sprott said U.S. consumers, China and the turmoil in Europe have convinced him this month�s equity retreat, unlike previous drops in the past year, marks the return to a bear market. The S&P 500 plunged 57 percent between October 2007 and March 2009. China�s Retreat U.S. consumers are showing signs of financial stress that wouldn�t be present in a sustainable recovery, he said. Chain- store sales as measured by the International Council of Shopping Centers fell 2 percent in the first three weeks of May. In a conference call on May 18, Wal-Mart Stores Inc. Chief Financial Officer Tom Schoewe said, �More than ever, our customers are living paycheck to paycheck.� China, the fastest-growing major economy, is starting to struggle, Sprott said. The Shanghai Composite Index tumbled 24 percent through yesterday since climbing to a 14-month high on Aug. 4. The government has taken steps to cool the nation�s expansion and reduce the risk of asset bubbles, or unsustainable price increases. Finally, the European debt crisis has raised the prospect that austerity measures will reduce growth -- a phenomenon Sprott said will spread to the U.S. because of the record American budget deficit. �We can see the dots aligning that the world�s economies are not what they thought they would be, and they�re not going where we thought they would go,� he said. �It seems more clear-cut now.� Precious Metal Economists anticipate 3.2 percent growth in U.S. GDP this year and 10.1 percent in China, according to the median estimates in a Bloomberg survey. Sprott has added to his holdings of gold, which is rallying for a 10th straight year in New York, and shares of the metal�s producers this month. He boosted bets against financial companies and maintained short sales on Toronto-Dominion Bank and Bank of Nova Scotia, both based in Toronto, and National Bank of Canada, which has its headquarters in Montreal. His view puts him at odds with the World Economic Forum, which has said for two straight years that the nation�s banking system is the soundest globally. Short selling is the sale of borrowed stock in the hope of profiting by buying the securities later at a lower price and returning them to the shareholder. Canadian Banks Investors have driven the S&P/TSX Bank Index to a 14 percent gain since Jan. 31 as analysts forecast a 22 percent combined profit increase this year for its nine companies. The bank measure has advanced to a record 112 percent premium over an index of insurers in the S&P/TSX, which started at the same level as the bank gauge in 2000. Bank taxes are likely to rise around the world despite the opposition of the Canadian government, and Canadian lenders remain overleveraged and too dependent on government support, Sprott said. �There hasn�t been as much critical analysis of the government�s involvement in the Canadian banking system as there certainly has been in the U.S.,� he said. Sprott continues to favor precious metals as a haven. On March 31, gold and silver accounted for 34 percent of the net asset value of the Canadian Equity Fund, with reseller Gold Wheaton Gold Corp. of Vancouver the top equity holding. While both gold and the U.S. dollar have gained this month as investors shy from risk, only the former will continue to advance as the crisis deepens, Sprott said. �The debt, the deficits are enormous. The industrial capacity has been gutted,� he said of the U.S. �One cannot make a positive story for it other than some temporary trading phenomenon because something else is uglier than the dollar.�

Just bought a few shares of NG. I wonder how well it will perform.

quote:

Originally posted by jester Just bought a few shares of NG. I wonder how well it will perform.

I'm assuming you're talking about HNU.TO. Well the good news is that todays report was bearish and still NG recovered quickly after 10:30. The price has alot of momentum upward. Usually an estimate off by 4 BCF will give huge volatility, but in this case, the forward momentum pre report mitigated and erased all bad news of exceeding analyst expectations of injection storage.

Personally, i feel more comfortable shorting natural gas due to the excessive amount in storage (way above last year and 5 year averages), but there is upward price momentum here, i would ride it until tuesday around 10:30 when first enercasts' estimates come out. Try to cash out before next thursday at the latest as the 10:30 report is always a gamble.

This is just my humble opinion of course. commodities are a huge gamble in general and natural gas is the most volatile one, but i found that playing after the report and selling before the report mitigates the risk.

And if you're not playing positions, set at least a 5% stop loss.

NG? I assumed he was talking about nova gold

silly me i thought he meant natural gas. I'm too looped with the commodities.

quote:

Originally posted by Skipper NG? I assumed he was talking about nova gold

yup.

Its green in Asia and Europe

Wow today was a rollercoaster.... I started off in the red and by 2 I was pretty much all in the green and around 3 something back in the red

materials-resources (i.e gold) in Canada did quite well today.

Today I bought VTR, this stock had a rough ride last week but there are a number of catalysts coming up. I'm back to being basically 100% golds.

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