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    Fiat boosted by Chrysler buyout optimism

    Posted on July 4, 2012

    MILAN (Reuters) – Fiat (MIL:F) shares rose 5 percent on Wednesday, bolstered by optimism about the Italian automaker’s ability to buy out the remaining 38.2 percent in its U.S. unit Chrysler, which would give it a bigger benefit from a booming U.S. market.

    Remarks by Fiat Chief Executive Sergio Marchionne late on Tuesday indicated that he was ready to pay cash for the remaining stake in Chrysler “at any time”.

    He also indicated he could do it in 2015, in advance of a 2016 deadline for Fiat to incrementally buy up 16.6 percent of Chrysler at a price tied to a market multiple.

    Completing its purchase of Chrysler would help Fiat’s share price, since it would give money-losing Fiat access to the “valuable cashflows of its American partner,” wrote Bernstein Research in a stock upgrade in May.

    Marchionne has said in the past that Fiat could pay cash for the remaining stake in Chrysler. He also said on Tuesday that he didn’t think the conditions were right to do it now.

    All the same, his remarks bolstered market sentiment.

    “I think he rarely intensifies his communication without being ready to make a move,” said UBS automotive analyst Philippe Houschois.

    Fiat moved to increase its hold on Chrysler on Tuesday, announcing, as expected, it bought around 3.3 percent from Chrysler’s other shareholder, the union healthcare trust VEBA, or the Voluntary Employees Beneficiary Association, boosting its stake to 61.8 percent.

    Fiat holds options to purchase up to 40 percent of the portion of Chrysler owned by VEBA. Fiat can purchase up to 3.32 percent at a time in any six-month period until June 30, 2016. The total amount of equity it can purchase is 16.6 percent, in five tranches of 3.3 percent. If it exercises the option every six months, it will buy up the 16.6 percent at the end of 2014.

    Since the market multiple is based on Chrysler’s past performance, the purchases become more expensive as Chrysler’s performance improves, Marchionne said on Tuesday.

    Asked about the timing of buying up the rest of Chrysler to gain total ownership, Marchionne said he “sees no reason” not to continue gradually buying up the stake up to 2016, as stipulated with VEBA, and that waiting until 2016 may be “a bit too long.”

    Fiat also has an option to buy up VEBA’s remaining 38.2 percent stake in one go.

    Strong June car sales in the United States and in Brazil also boosted Fiat’s share price, said another analyst.

    Oil Prices May Have Hit Bottom: Expert Sees Energy Prices Rising

    Posted on

    Global energy prices are moving sharply higher Tuesday morning on news that Iran was threatening to disrupt oil supplies by blocking the Strait of Hormuz waterway. Brent crude topped $100 a barrel for the first time in three weeks and U.S. oil futures for August delivery gained nearly 5 percent mid-morning before easing to $87.71 a barrel.

    On Monday, Iran scheduled drills to test missiles that were capable of hitting targets as far away as Israel, stoking fears that the country is trying to produce a nuclear weapon, according to a Wall Street Journal story.

    The New York Times reports Tuesday that the U.S. Navy has quietly been increasing its presence in the Persian Gulf to discourage Iran from freezing ship traffic in the Strait. Iran’s National Security and Foreign Policy Committee has also introduced a bill that would try to stop oil tankers from passing through the Strait of Hormuz, a move seen by analysts as retaliation by Iran against European nations that abide by new economic sanctions. Europe implemented tougher sanctions against Tehran July 1 over the country’s nuclear energy program, which has made it difficult for Iran, OPEC’s second-largest oil producer, to find buyers of its crude. (See: The Looming Threat to Gas Prices: Strait of Hormuz Explained)

    Beth Heinsohn, a senior news editor at OPIS, says rising U.S. oil production in North Dakota and South Texas insulates parts of the country from potential oil shocks. But consumers on the East Coast are more likely to see higher prices because local refiners are more dependent on crude imports from overseas.

    The $15 price gap between Brent crude and U.S. crude will likely widen Heinsohn says as tensions with Iran heat up again and Norway oil workers continue striking. The 10-day Norwegian trade union strike has cut daily Norwegian oil production by an estimated 13 percent and has resulted in delays to crude shipments. Heinsohn says energy market indicators are becoming more bullish and could push prices higher in the near term.

    Lower oil prices last week were likely a bottom, she adds, and gasoline and heating oil prices will move in tandem with crude oil. The national average price for a gallon of gasoline is $3.33, a six-cent drop from the previous week, according to AAA’s Daily Fuel Gauge Report. U.S. gasoline prices averaged $3.56 exactly one year ago. Read the rest of this entry »

    Behind the Drama of Facebook’s IPO

    Posted on July 1, 2012

    Behind the Drama of Facebook’s IPO

    Behind the Drama of Facebook’s IPO

    Posted on

    It was one of the most highly-anticipated coming-out parties in Wall Street history.

    On May 18, a hoodie-clad Mark Zuckerberg stood in front of a crowd of thousands outside his Menlo Park headquarters to ring in Nasdaq’s opening bell - a moment which officially welcomed Facebook and its brash and disruptive management team to the pantheon of Wall Street’s tech stars.

    Up to that point, the perception among many on Wall Street and in the media was that Facebook, along with the dozens of banks overseeing its transition to a public company – including lead underwriters Morgan Stanley (MS), JPMorgan (JPM) and Goldman Sachs (GS)- had run a near-perfect offering. Despite a few hiccups and lingering concerns about mobile growth, the social giant had managed to pull off the largest internet IPO in history, raising some $16 billion dollars at a valuation of more than $100 billion. It was a remarkable feat. There was nowhere to go but up.

    But just after 11 a.m. – the time Nasdaq had previously scheduled shares to start trading – system issues at the exchange began to mishandle Facebook trading orders, and everything changed.

    Sparked by a disastrous open day of trading, scratches on the surface (about valuation, growth, long-term viability, competition, and price) became gaping wounds. Smelling blood in the water, sellers poured in, and when underwriters were unable to hold the stock above the $38 issue price, everything went to pieces.

    In the following weeks Facebook (FB) shares plummeted 20 percent, sparking a massive fallout among investors large and small, and entangling Facebook, Nasdaq, and the 33 banks that led the deal into what has become one of the highest profile legal and financial battles in tech history.

    Wednesday marked 40 days since Zuckerberg rang that opening bell – an important date both psychologically and legally (it was the first time Facebook’s bankers could publish research publicly) for everyone involved .

    So how did we get to this point? And where do we go from here? Watch the video below for CNBC’s Kayla Tausche, Kate Kelly, and Julia Boorstin’s insights on the roller-coast ride that was Facebook’s road to going public.

    Why Traders Are ‘Glued’ to Their Desks

    Posted on

    Choppy trading is likely to be the norm throughout the summer as markets face a minefield of uncertainties in the third quarter.

    In the coming week, usually a quiet period around the fourth of July holiday, there is a series of events that could be key for markets, and with the beach beckoning, some traders may stay close to their desks.

    Foremost, the jobs report for June is released Friday, and it is expected to again show tepid employment growth.

    But it is being watched closely since jobs are considered a major trigger for further Fed easing. There is also a slew of other data, such as ISM manufacturing data and auto and chain store sales, which could reveal much about the current state of the consumer.

    The European Central Bank holds a much-anticipated rates meeting Thursday, and some traders expect it to cut interest rates. The ECB meeting follows a surprisingly eventful European leaders summit which resulted in a plan to forge a central banking authority and to authorize the euro-zone rescue fund to directly aid banks. There had been very low expectations for the meeting, and the results fired up a major risk rally Friday in stocks, commodities and the euro.

    Financial markets are closed Wednesday for the holiday, and participants in the grain market are particularly upset because they will not be able to trade from Tuesday afternoon until Thursday morning. In the past week, grains rose, with December corn futures jumping 15 percent on concerns that hot weather will hurt the young crop’s development. Any sudden forecast change, therefore, could be a major market event.

    “When we’re in a weather market, any minute that you’re closed heightens the anxiety,” said Shawn McCambridge, analyst with Jefferies Bache. Read the rest of this entry »

    hot test

    Posted on June 28, 2012

    hot details

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    Posted on

    Elray Gaming, Inc (OTCQB:ELRA) posts video of their new Binary Options Trading Platform

    StockBlaster.com Watch List for 5/11/2012

    Posted on May 11, 2012

    IZEA

    IZEA – Momentum

     

    IZEA, Inc. is the world leader in social media sponsorship, operating multiple marketplaces including, WeReward, Sponsored Tweets and SocialSpark. IZEA connects advertisers with social media influencers, helping them monetize their social media presence. The company has completed over three million social media sponsorships for customers ranging from small local businesses to Fortune 50 organizations. For more information about IZEA, visit www.izea.com.

     

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    ORYN – Momentum, News

     

    Oryon is a research and development and applications engineering company that has developed multiple patents relating to electroluminescent (“EL”) lighting (trademarked as “Elastolite”). Elastolite enables thin, flexible, crushable, water-resistant lighting systems to be incorporated into multiple applications such as safety apparel, sporting goods, consumer goods and membrane switches, among others. Within Oryon’s target textile markets alone, billions of units are shipped each year. The market includes outerwear, industrial safety, municipal safety, military, athletic apparel, men’s, women’s and children’s clothing, shoes and gear. These markets generate over $250 billion annual revenues and are second in size only to the food industry. Find out more at www.oryontech.com.

     

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    GWBU – Technical Breakout

     

    Great Wall Builders, Ltd. (operating as “Start Technologies Europe I.G.”) owns the exclusive manufacturing and distribution rights to the Start Fuel Efficiency and Emission Device (FEED), an aftermarket device for internal combustion engines that enhances performance by causing fuel to combust more efficiently and completely. The technology uses a high-voltage electric current to break long-chain hydrocarbon molecules into shorter, lighter more volatile molecules. The patent-pending device produces a number of important benefits, including; lower emissions; reduced fuel consumption; and improved engine performance. The technology can be applied to a variety of different types of engines, both diesel and gasoline powered, heavy equipment as well as consumer vehicles. For more information, visit www.StartTechnologiesCorp.com.

     

    Boston Amplifier® Signs Exclusive Distribution Agreement with Teletouch (TLLE) Subsidiary Progressive Concepts, Inc. for U.S. Central Region

    Posted on May 2, 2012
     

     

    Boston Amplifier® Signs Exclusive Distribution Agreement with Teletouch Subsidiary Progressive Concepts, Inc. for U.S. Central Region

    Teletouch Communications, Inc. (OTCBB: TLLE.OB), a leading U.S. wireless services, cellular, consumer electronics and public safety equipment distributor, today announced that Boston Amplifier®, a leading designer and manufacturer of high quality wireless signal amplifiers and repeater systems, recently signed a new distribution agreement appointing Teletouch’s wholly-owned subsidiary, Progressive Concepts, Inc. dba PCI Wholesale as their exclusive Central Region Distributor, covering seventeen states and a variety of exclusive retail and other distribution accounts. PCI Wholesale now carries a full line of Boston Amplifier products, for sale to approved dealers in the Territory.

    Danish Qureshi, Vice President of Sales & Marketing for Boston Amplifier stated, “We are pleased to announce this comprehensive new distribution partnership with PCI Wholesale. PCI’s tenure and reputation in the wireless space as one of the most established and trusted distribution companies in the region, makes them an ideal partner for Boston, as we continue to build Boston’s brand recognition and increase sales in the region.”
    “We are very pleased to add Boston Amplifier to our growing mix of cellular products and accessories,” added “T.A. “Kip” Hyde, Jr., President and COO of Teletouch, and CEO of Progressive Concepts. “Poor wireless signal is a real problem for many cellphone users. Whether in their homes, cars or offices, many people have that special place where they know they will drop calls. The addition of the Boston Amplifier line provides our wholesale and retail customers with a great and affordable wireless amplification solution to offer their own customers. Plus, the combination of our unique position in the cellular industry and long history of providing wireless solutions to both end-users and throughout the supply chain, including direct customer support and retail training, should help to increase Boston Amplifier’s market penetration and sales in this key market area.”
    About Boston Amplifier®
    Boston Amplifier believes that there is nothing more significant to daily life than building reliable, connected and productive global communities. Our goal is to provide outstanding wireless products and services to significantly improve cellular communications with devices designed to increase and improve signal quality, increase coverage areas, increase power and sensitivity and increase talk-in/talk-out range. Our job is to bring our customers the highest quality amplifiers, with the latest in engineering and RF wireless technology. We understand the complexity of the indoor wireless environment and ensure the most competitive pricing for any budget. All of our amplifiers are designed, manufactured, and assembled in the U.S.A.
    About Teletouch Communications
    For over 47 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Teletouch is a leading Authorized Services Provider and billing agent of AT&T (NYSE:T - News) products and services to consumers, businesses and government agencies, as well as an operator of its own two-way radio network and LTR systems in Texas. Teletouch operates a chain of 19 retail and authorized agent stores under the “Teletouch” and “Hawk Electronics” brands, in conjunction with its direct sales force, call center operations and various retail eCommerce websites including: www.hawkelectronics.com, www.hawkwireless.com andwww.hawkexpress.com. Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving large cellular carrier agents and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com, among other B2B oriented websites.
    Undiscovered Equities is a leading provider of equity research on high impact aggressive growth investment opportunities.  Our services include research analysis on the energy and precious metals markets, news and financial data, market commentary and the Undiscovered Equities newsletter. Undiscovered Equities’ staff of small cap investment professionals are dedicated to providing the investment community with the tools and avenues necessary to, invest their money wisely and build wealth. To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.
    Sincerely,
    Kevin McKnight
    800-404-8982
    www.undiscoveredequities.com
    101 Plaza Real S, Ste 212
    Boca Raton, FL 33432

     

    Top Volume OTC Penny Stocks in Focus This Week TOFS, POTG, HEV, HPGS, SAVW

    Posted on October 2, 2011

    Blockbuster Inc. (TOFS.PK) Leads Weekend Small-Cap Business Report

    Undiscovered Equities.com OTC Penny Stocks closing on strong gains TOFS, POTG, HEV, HPGS, SAVW despite stocks falling broadly Friday on fresh signs that Europe’s debt problems and the U.S. economy continue to languish.

    Market Internals

    OTCBB Total Volume for 397, 243, 470 Million, Advancing Issues  355 Declining Issues 413

    Pink Sheets Total volume 2.4 Billion Shares, Advancing issues 946 Declining issues 1959

    The most active bullish penny stocks at the close of trading includes: TOFS, POTG, HEV, HPGS, SAVW.

    TOFS, POTG, HEV, HPGS, SAVW1-247MGI, Inc. (TOFS.PK) last .0009 advancing 28.57% on overall increasing volume of 50.3 million shares trading on the day.

    TOFS continues to find support from the all-important 200 day moving average line on a technical basis. The big question this coming week will be can the Bulls push TOFS above the mental .001 resistance level.

    In the company most recent press release TOFS announced through its wholly owned subsidiary Baron Capital Holdings, LLC, TOFS has officially completed the acquisition of Baron Capital Transfer and Registrar, LLC, a stock Transfer Agency registered with the SEC.

    2-PORTAGE RESOURCES (POTG.PK) last trade .112 advancing 12% on overall strong volume of 8.2 million shares at the close of trade.

    POTG had an extremely bullish week closing above the all important 50 day moving average. The big test this coming trading week will be breaking above the 100 day moving average.

    Portage Resources Inc. engages in the acquisition, exploration, development, and production of precious and base metals in Peru.

    3-Ener1, Inc. (HEV) close .1313 soaring 45.56% on breakout volume of 9.3 million shares exchanging hands on the day.

    HEV traders and investors are anticipating a bottom reversal at these levels. A weekly close above the 10 day moving average would confirm this technical event.

    Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery pack systems for energy storage in the United States and South Korea.

    4-High Plains Gas, Incorporated (HPGS.OB) last tick .095 advancing 58.60% on breakout volume of 1.1 million shares at the close of trade.

    HPGS is coming off extremely oversold technical conditions. Traders are looking for a bottom reversal at these levels with a weekly close above 20 day moving average as confirmation.

    High Plains Gas, Inc. procures, produces, and markets natural gas in the United States.

    5-SavWatt USA, Inc. (SAVW.OB) last .0014 jumping 16.67% on robust volume of 15.2 million shares.

    SAVW had a technical bottom reversal closing above the 10 day moving average on a weekly basis. Can SAVW breakout of the tight trading range between .001-.0015 this coming week?

    Fast becoming the market leader in LED lighting, SavWatt focuses on developing innovative, energy-efficient and cost-effective LED lighting solutions. By delivering value added, application-specific LED lighting systems, we can significantly reduce energy costs and minimize our carbon footprint worldwide.

    About Undiscovered Equities.com

    Undiscovered Equities.com is looking for hot penny stock picks exposed and on the move showing unusual movement like TOFS which could be a popular top performing hot OTC small cap penny stock.

    Undiscovered Equities.com knows traders and investors are looking for exciting OTC volume movers such as TOFS to put on there speculative penny stock pick watch list for review. The Undiscovered Equities.com penny stock finder trading system locates the best small cap, micro cap penny stocks like TOFS that have unusual movements with news, popular penny stocks with big gains, and strong stock trends.

    Undiscovered Equities.com looks for exciting, explosive penny stocks like TOFS with the right mixture of powerful volume and low market capitalization to give day-traders & investors an opportunity to build a penny stock watch list consisting of the most notable penny stocks with high volume and positive change that can become explosive mega volume penny picks at any given time. Disclaimer Undiscovered Equities.com has not been compensated for any profiles featured in this report.

    Undiscovered Equities.com does not own shares in any of the above profiles. The assembled information distributed by Undiscovered Equities.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Undiscovered Equities.com does expect that investors will buy and sell securities based on information assembled and presented herein.

    Undiscovered Equities.com will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. Always do your own due diligence, and consult your financial advisor.

    Penny Stock Picks TOFS

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