Stock Picks

Quote: steeldco

You can't be guaranteed to get the price at which an issue closed on the following day. If you want the closing price then the best you can do is issue a buy at close order on the day you want the closing price.

For sure. So to some degree I misunderstood what Teddy was asking ... Yesterday's price can be long gone.

Steel doc what trading platform do you use. Vanguard doesn't have a buy at close option. Like I said, their platform isn't very feature rich.

I'll throw URI into the mix for you to look at Teddys.......buy at the market as the pennies don't matter in larger caps. In 12 months it blows past it old high in the $120 range and is at $140-$150 range. It is no SteelCo micro cap bonanza (well done by the way Steel), but I think you will sleep at night with this one as well.

I think you will get a chance at AAPL at $120ish as it tests that level soon and I would be a buyer there....only a 4% discount to current levels in any event. The company is a long term buy and hold which seems to fit your profile.

Quote: teddys

Steel doc what trading platform do you use. Vanguard doesn't have a buy at close option. Like I said, their platform isn't very feature rich.

I actually have a friend who owns a boutique firm that handles my trading for me. I leave it up to him since I have no patience to do anything other than buy at the market. And as you can see from my posts here, i trade very infrequently.

Years ago I was using Etrade and was very pleased with that. I do not recall whether they had the buy at close option. In any case, it is in essence a buy at the market.

I have used etrade for over 10 years. It's very secure. eTrade gives you a secure key that generates a code for logging into your account. You can carry it anywhere around the world and use it to log in.

After yesterday's sale of BRDR I thought that I would post an update. I did seriously consider holding on to BRDR since I think that someone might step up with a better offer, but I then decided to just go ahead and take it.

Closed Positions:

Symbol	Time & Price	Price	Shares	Mkt Value	Price Paid	Cost	$ Gain	% Gain
OPTR	23-Oct	$12.78	571	$7,297.38	$14.00	$7,994.00	($696.62)	-8.71%
CCIH	6-Dec	$8.74	2,025	$17,698.50	$3.95	$7,998.75	$9,699.75	121.27%
SIMG	27-Jan	$7.26	1,500	$10,890.00	$4.61	$6,915.00	$3,975.00	57.48%
TRIB	10-Feb	$17.53	500	$8,765.00	$16.97	$8,485.00	$280.00	3.30%
CKSW	30-Apr	$12.44	1,000	$12,440.00	8.04	$8,040.00	$4,400.00	54.73%
BRDR	6-May	$13.94	1,200	$16,728.00	6.03	$7,236.00	$9,492.00	131.18%
Total						$46,668.75	$27,150.13	58.18%

Open Positions:

Symbol	Price	Price Paid	SHARES	Gain	% Gain
ARAY	6.57	8.61	900	($1,851.00)	-23.84%
EGHT	8.54	7.28	1000	$1,252.00	17.18%
FCEL	1.24	1.13	8000	$870.00	9.61%
NVIV	12.45	3.72	2000	$17,452.00	234.32%
RKUS	10.2	10.39	700	($141.00)	-1.94%
SVA	4.95	3.72	2150	$2,636.50	32.93%
YNDX	19.6	25.815	500	($3,123.50)	-24.17%
Total	0	0	0	$17,095.00	28.61%

I'm not sure what the advantage is supposed to be for buying at the closing price, which often is not the highest price of the day [if there was some way to get high of the day - now we're talking!]

I also quit my dayjob a while ago, although it still exists as a backup possibility. I'm from germany, studied law, had my own office and was doing mostly criminal law cases (in fact, narcotics are my speciality :)).
But criminals are those who obviously can pay you the lowest amount of money for your services, and because I'm not interested in dirty divorce-cases or family law at all, I had to find something else... So I started online poker, read everything I could get, and even though the "good old days" were already gone when I started two years ago, I actually won a couple of those huge field, low stakes mtts on stars. My biggest win was 1000$, but because it took a long time to become that kind of player, I'm more or less breaking even now. And because I already traded stocks when I was 18 after school, I got back into this game a year ago, read whatever I could find to get up to speed and decided what I want to trade. Because I had not much money left, all those huge brokerages that request 20k Euro initial deposit were not an option.
But all those offshore, unregulated forex brokers who offer you 2000:1 leverage and have no deposit requirements at all were of course a much bigger no go.
But because I wanted to trade Forex, ETFs and especially options on FX or CFDs, I found Avatrade after a while... they have a great trading system (tradestation) and one software specifically designed to trade options. But I also opened an account with Realtick, because their software is also excellent and there you have access to a level 2 screen for example for Nasdaq stocks.
And if you want to take this serious, and want to trade stocks, you definitely need that much information.
But I forgot, this is a stock picks thread.
So here a few picks, all the way over differend kind of tradeable assets:
Stocks: Take a look into biotech, for example Synageva. I don't think this was just a momentum.
Also, YHOO is worth a closer look.
The Nasdaq QQQ Powershares ETFs have a huge increase in volume these days, so there is definitely something coming.
Forex: EUR/USD is still going up, I think the next big resistance level is 1.15... For the next days I expect a range between 1.1200 and 1.4500 at least.
And here comes my all time favorite: Read some good books about how to SELL options, because this is (if done properly) a bit like printing money.
To make it short: Sell calls or puts that are far OTM and expire within the next week. Some people think options are like lottery tickets, so you will always find someone who will buy your longshot options. Of course you could (and should) hedge the risk with either a lot free margin or with buying and selling at the same time. What you do here is sell an option that is far OTM and has four weeks left and buy an option that has only a few days left but is exactly ATM.

so far, so good...
good luck
edit: I just saw that talk about the "buy at the closing prize"... I don't know either where the advantage is. Maybe you can tell us what you think it is.
All that's pretty obvious about opening prizes is that this is where the "amateurs" buy, before they go to work. The closing prizes are when way more professionals are in the market and are therefore of course the better choice in between those two prices. But I would strongly consider buying when your strategy gives you an entry point, and not just buy the close... Just do your trading in the rushhours (that means, AFTER the first 15 minutes until lunch break, and then maybe some more in the late afternoons before the closings.

Quote: Paradigm

I'll throw URI into the mix for you to look at Teddys.......buy at the market as the pennies don't matter in larger caps. In 12 months it blows past it old high in the $120 range and is at $140-$150 range. It is no SteelCo micro cap bonanza (well done by the way Steel), but I think you will sleep at night with this one as well.

I think you will get a chance at AAPL at $120ish as it tests that level soon and I would be a buyer there....only a 4% discount to current levels in any event. The company is a long term buy and hold which seems to fit your profile.

Now, that is some good _free_ advice! Thanks, PD. I will look into URI. I like industrials. Unglamorous but they get it done. Although it seems like consumer discretionary and consumer staples have really been performing the best. Definitely not energy!

I am nobody's stock picker but take a look at Kraton Polymers (KRA $23.03) -- a company right near me on the Ohio River. I think they are poised for growth with the low prices in petroleum feedstocks. Take a look at their balance sheet.

Quote: teddys

I am nobody's stock picker but take a look at Kraton Polymers (KRA $23.03) -- a company right near me on the Ohio River. I think they are poised for growth with the low prices in petroleum feedstocks. Take a look at their balance sheet.

Took a look and I'm not a fan. I'm no seeing the growth in revenues. Is there something upcoming that isn't showing in the current numbers?
The Balance Sheet has a bit too much long term debt for my liking. Just my 2 cents worth......

Kraton really looks interesting, but I would not go too far with them. I don't think $23.03 is still cheap enough to buy those shares, maybe but I couldn't find any options on them... All I could find was a CDO, issued by themselves, more long term, 6,75% per six months, a few days ago upgraded by Moody's from B2 to B1, still junk, I know... but if you know a lot about that company and they have their hq in your area, it's maybe worth a shot. But I would consider this more like a hit and run investment as a buy and hold.
The opposite is true for AAPL, they are still not overpriced and have potential. I would take the UBS december call US6VLA, strike price 111.50$, they trade around 1.50$. So for 100 apple shares you have to pay 150$ now and apple has to trade above 111.50$ at the end of the year... that's a big bang for your buck.
edit: Forget about what I said, I just read those reports about Q1 15, and the numbers indeed don't look good.
The value of this company is way less than the stock price suggests, at least in my opinion. And they don't expect any magics this year, that's what their report basically says. I would keep looking for something better...

Quote: MrTekken

I would consider this more like a hit and run investment as a buy and hold.

I can never understand how the ordinary investor can think of 'hit and run' in any serious way.

Granted, I took a shot at the oil market and lost my shirt, but I knew I was just acting on a hunch and wanted to have some fun with a small wager.

But it generally seems it should be 'buy and hold' for anyone except someone with inside information of the illegal kind.

Your thoughts?

Results of the monthly screens so far. I'll be running a new one today or tomorrow.

Summary	S&P $ Invested	$ Gain	% Gain	Stk Screen $ Invested	$ Gain (Loss)	% Gain
Screen Run of 07/19/14:	$1,978.22	137.88	6.97%	$129.91	33.47	25.76%
Screen Run of 08/16/14:	$1,955.06	161.04	8.24%	$589.45	38.20	6.48%
Screen Run of 09/20/14:	$2,010.40	105.70	5.26%	$231.44	41.15	17.78%
Screen Run of 11/09/14:	$2,031.92	84.18	4.14%	$459.00	46.71	10.18%
Screen Run of 12/20/14:	$2,070.65	45.45	2.19%	$508.35	(3.81)	-0.75%
Screen Run of 01/17/15:	$2,019.42	96.68	4.79%	$546.97	86.91	15.89%
Screen Run of 02/17/15:	$2,100.34	15.76	0.75%	$526.92	30.66	5.82%
Screen Run of 03/07/15:	$2,071.26	44.84	2.16%	$1,170.46	39.45	3.37%
Screen Run of 03/28/15:	$2,061.02	55.08	2.67%	$383.21	37.53	9.79%
Screen Run of 04/18/15:	$2,081.18	34.92	1.68%	$321.57	7.40	2.30%
Total	$20,379.47	$781.53	3.83%	$4,867.28	$357.67	7.35%

Quote: odiousgambit

I can never understand how the ordinary investor can think of 'hit and run' in any serious way.

Granted, I took a shot at the oil market and lost my shirt, but I knew I was just acting on a hunch and wanted to have some fun with a small wager.

But it generally seems it should be 'buy and hold' for anyone except someone with inside information of the illegal kind.

Your thoughts?

I took a big gamble on natural gas futures last November.

It was a bridge jumper bet. You bet big on the run-up in gas prices right before winter. I placed a large wager of about $8,000. I lost my shirt to the tune of about $6,000. They ran up alright, but then tanked as the bottom fell out of the energy market. I made the mistake of holding on too long. Also the deriviative instrument I was betting on (UGAZ) was not meant to be held for more than a day or two.

It was painful but it made me realize that's not my investing style at all. No more day-to-day gambling on commodities or currency. Got to pick good investments with growth potential and let them build -- like playing blackjack with a 0.75% edge :P .

Well said teddys!

Today's screen run (hope to find something in here to fill the void left by the sale of BRDR):

Symbol	Name	Purchase
ABTL	AUTOBYTEL INC	13.00
CRUS	CIRRUS LOGIC	36.36
EXLP	EXTERRAN PTNRS	26.15
FONR	FONAR CORP	11.34
FTK	FLOTEK INDU INC	12.35
HLX	HELIX EGY SOLUT	16.89
HURN	HURON CONSLT GP	60.66
IBAL	INTL BALER CORP	2.03
ISSC	INNOVATIVE SOLU	3.65
IXYS	IXYS CORP	11.68
MMS	MAXIMUS INC	63.40
MOBI	SKY-MOBI LTD	4.37
MTX	MINERAL TECH	69.45
MU	MICRON TECH	27.18
PRFT	PERFICIENT INC	19.81
PWR	QUANTA SERVICES	28.77
RES	RPC INC	15.41
RNET	RIGNET INC	36.27
SPA	SPARTON CORP	25.20
SSYS	STRATASYS LTD	35.33
SYNA	SYNAPTICS INC	86.11
TRAK	DEALERTRACK HLD	42.91
WLDN	WILLDAN GROUP	14.06

I am adding SSYS off of this last screen run.

I checked ISSC's profile for the opportunity buy. It looks like a high tech company, but it's quite unusual to have this:

Mr. Geoffrey S. M. Hedrick , 72 Founder and Exec. Chairman 419.00K
Dr. Shahram Askarpour , 58 Chief Exec. Officer and Pres 305.00K
Mr. Ronald C. Albrecht , 70 Chief Financial Officer and Principal Accounting Officer

Total age: 200

I will skip it.

Quote: UCivan

I checked ISSC's profile for the opportunity buy. It looks like a high tech company, but it's quite unusual to have this:

Mr. Geoffrey S. M. Hedrick , 72 Founder and Exec. Chairman 419.00K
Dr. Shahram Askarpour , 58 Chief Exec. Officer and Pres 305.00K
Mr. Ronald C. Albrecht , 70 Chief Financial Officer and Principal Accounting Officer

Total age: 200

I will skip it.

Wow. That's interesting. Can't blame you.
I had dismissed taking them because I just didn't like their business. I hadn't noticed the exec's ages.

Quote: steeldco

I am adding SSYS off of this last screen run.

I added 200 shares @ 36.02

Quote: steeldco

I added 200 shares @ 36.02

It looks like the one that I should've added off the last screen run is EXLP. Up 4.89% for the week. Never considered them because of the business that they are in. A close 2nd. so far is SYNA (with a 4.78% gain on the week), who I did consider, but decided against it when it came time to make a pick.

Here's are some interesting stats. I have compiled the list of picks made by the stock screens since I began this version of stock screening in August of 2014. There were a total of 296 picks made. Of that total, the number of picks that have returned in excess of an annual rate of 50%? 123!! 123 picks have had an annual return of in excess of 50%!!

Another 71 picks have made an annualized rate of between 0 and 40%.

46 picks have lost between 0 and -40%.

56 picks have lost -50% and worse.

There was some overlap of picks (same company picked over several months).

The worst pick lost at an annualized rate of -320%, which of course wouldn't be realistic since the most you could lose is 100%. There were 20 of these.

The best pick gained at an annualized rate of 520%. The top 5 of the gainers would have more than made up for the 20 complete losers.

The median annual return for all picks was 28.60%.

The average annual return for all picks was 38.91%.

I think I'm winning the war.......

I left out one stat.......63 of the picks have annualized returns in EXCESS of 100%. 21.28% of all picks made.

Number of picks in excess of a 100% annualized return by date of screen run:

8/16/2014	1
9/20/2014	2
11/9/2014	3
12/20/2014	5
1/17/2015	7
2/17/2015	9
3/7/2015	15
3/28/2015	8
4/18/2015	4
5/9/2015	9
	63

21.28% Of all picks

Well, as of today, it looks like the winner off the last screen run is ABTL. Up 38.46% since the last screen run of 05/09/15.

11:00am

http://www.prnewswire.com/news-releases/nanotech-gaming-now-trading-as-ntgl-300087872.html

A few minutes later.

http://earthquake.usgs.gov/earthquakes/eventpage/nn00495477#general_summary

LOL.

I thought that I'd run a new stock screen today or tomorrow. Below is a summary of the monthly screens that have been run so far. Beating the S&P 500 by more than a factor of 3. Hell, I'm impressed......

Summary	S&P $ Invested	$ Gain	% Gain	Stk Screen $ Invested	$ Gain (Loss)	% Gain
Screen Run of 07/19/14:	$1,978.22	129.17	6.53%	$129.91	33.98	26.16%
Screen Run of 08/16/14:	$1,955.06	152.33	7.79%	$589.45	58.37	9.90%
Screen Run of 09/20/14:	$2,010.40	96.99	4.82%	$231.44	58.19	25.14%
Screen Run of 11/09/14:	$2,031.92	75.47	3.71%	$459.00	76.36	16.64%
Screen Run of 12/20/14:	$2,070.65	36.74	1.77%	$508.35	4.43	0.87%
Screen Run of 01/17/15:	$2,019.42	87.97	4.36%	$546.97	110.08	20.13%
Screen Run of 02/17/15:	$2,100.34	7.05	0.34%	$526.92	68.31	12.96%
Screen Run of 03/07/15:	$2,071.26	36.13	1.74%	$1,170.46	65.32	5.58%
Screen Run of 03/28/15:	$2,061.02	46.37	2.25%	$383.21	59.09	15.42%
Screen Run of 04/18/15:	$2,081.18	26.21	1.26%	$321.57	11.57	3.60%
Screen Run of 05/09/15:	$2,116.10	(8.71)	-0.41%	$660.35	18.26	2.77%
Total	$22,495.57	$685.72	3.05%	$5,527.63	$563.96	10.20%

Better yet....check out the annualized return column that I just added.

Summary	S&P $ Invested	$ Gain	% Gain	Stk Screen $ Invested	$ Gain (Loss)	% Gain	Annualized
Screen Run of 07/19/14:	$1,978.22	129.17	6.53%	$129.91	33.98	26.16%	30.31%
Screen Run of 08/16/14:	$1,955.06	152.33	7.79%	$589.45	58.37	9.90%	12.59%
Screen Run of 09/20/14:	$2,010.40	96.99	4.82%	$231.44	58.19	25.14%	36.42%
Screen Run of 11/09/14:	$2,031.92	75.47	3.71%	$459.00	76.36	16.64%	30.06%
Screen Run of 12/20/14:	$2,070.65	36.74	1.77%	$508.35	4.43	0.87%	1.98%
Screen Run of 01/17/15:	$2,019.42	87.97	4.36%	$546.97	110.08	20.13%	55.23%
Screen Run of 02/17/15:	$2,100.34	7.05	0.34%	$526.92	68.31	12.96%	46.39%
Screen Run of 03/07/15:	$2,071.26	36.13	1.74%	$1,170.46	65.32	5.58%	24.25%
Screen Run of 03/28/15:	$2,061.02	46.37	2.25%	$383.21	59.09	15.42%	89.34%
Screen Run of 04/18/15:	$2,081.18	26.21	1.26%	$321.57	11.57	3.60%	31.27%
Screen Run of 05/09/15:	$2,116.10	(8.71)	-0.41%	$660.35	18.26	2.77%	48.06%
Total	$22,495.57	$685.72	3.05%	$5,527.63	$563.96	10.20%

Here's a quote from an article on Yahoo Finance by Gena Binkley:

"Through the end of April, U.S. stock mutual funds that are actively managed rose 2.25%, while mutual funds that track stock indexes were up 2.2% in the same period, reports Morningstar. The S&P 500 gained only 1.9% during that time. It’s a rare victory for active fund managers, who have long dominated the business but have been losing ground to cheaper index funds. Index funds have consistently outpaced active funds for years, but as the stock market has slowed, active pickers have gained ground, and the market’s sideways trading hasn't been favorable to index funds that mimic the market's performance."

Well, I'm definitely kicking the crap out of the above numbers.............

What's the name of that old Meat Loaf song....6 out of 7 ain't bad? :-)

Yesterday's Results:
Philadelphia Phillies 426
Oakland Athletics 387
Washington Nationals 100
Miami Marlins 116
Minnesota Twins -300
Texas Rangers 100
Tampa Bay Rays 100

Yesterday's results: 929
+130dogs 426
Other dogs 303
Favorites 200
Focus Picks 0

YTD Total 1,583
+130dogs 3,183
Other dogs -227
Favorites -1,373
Focus Picks -372

I guess baseball picks can be as risky as stock picks:)

LOLOL....oops.

Interesting piece on the Today Show regarding NVIV product. Actually am starting to get concerned about the market size though........

http://www.today.com/video/paralyzed-couple-find-love-through-recovery-456376899723

Quote: steeldco

I am adding SSYS off of this last screen run.

Having a nice day today with SSYS. Pretty good return so far since May 11th.

Update of the picks made here are below. SSYS has been coming alive recently. YNDX? Boy, Putin really, really sux. NVIV looking to make up for everything and then some....SVA, I continue to believe, will be huge. Probably another year away.

Open Positions:

Symbol	Price	Price Paid	SHARES	Gain	% Gain
ARAY	6.35	8.61	900	($2,049.00)	-26.39%
EGHT	8.7	7.28	1000	$1,412.00	19.37%
FCEL	1.22	1.13	8000	$710.00	7.85%
NVIV	14.59	3.72	2000	$21,732.00	291.78%
RKUS	11.29	10.39	700	$622.00	8.54%
SSYS	37.99	36.02	200	$379.00	5.25%
SVA	5.63	3.72	2150	$4,098.50	51.19%
YNDX	17.56	25.815	500	($4,143.50)	-32.06%
				$22,761.00	33.99%

Closed Positions:

Symbol	Time & Price	Price	Shares	Mkt Value	Price Paid	Cost	$ Gain	% Gain
OPTR	23-Oct	$12.78	571	$7,297.38	$14.00	$7,994.00	($696.62)	-8.71%
CCIH	6-Dec	$8.74	2,025	$17,698.50	$3.95	$7,998.75	$9,699.75	121.27%
SIMG	27-Jan	$7.26	1,500	$10,890.00	$4.61	$6,915.00	$3,975.00	57.48%
TRIB	10-Feb	$17.53	500	$8,765.00	$16.97	$8,485.00	$280.00	3.30%
CKSW	30-Apr	$12.44	1,000	$12,440.00	8.04	$8,040.00	$4,400.00	54.73%
BRDR	6-May	$13.94	1,200	$16,728.00	6.03	$7,236.00	$9,492.00	131.18%
Total						$46,668.75	$27,150.13	58.18%

Today's Stock Screen Run:

Symbol	Name	Last Close
ADEP	ADEPT TECH INC	6.47
ALLT	ALLOT COMM LTD	8.18
ATEN	A10 NETWORKS	6.42
CGNT	COGENTIX MEDICL	1.68
DSKY	IDREAMSKY ADR	10.89
HIVE	AEROHIVE NETWRK	7.40
PEIX	PAC ETHANOL INC	11.01
RNET	RIGNET INC	34.40
RTIX	RTI SURGICAL	6.63
SMCI	SUPER MICRO COM	33.68
SSYS	STRATASYS LTD	37.99
STRI	STR HOLDINGS	1.12
SYNA	SYNAPTICS INC	100.40
UPIP	UNWIRED PLANET	0.79
XCRA	XCERRA CORP	7.76

Quote: steeldco

Today's Stock Screen Run:

Symbol	Name	Last Close
ADEP	ADEPT TECH INC	6.47
ALLT	ALLOT COMM LTD	8.18
ATEN	A10 NETWORKS	6.42
CGNT	COGENTIX MEDICL	1.68
DSKY	IDREAMSKY ADR	10.89
HIVE	AEROHIVE NETWRK	7.40
PEIX	PAC ETHANOL INC	11.01
RNET	RIGNET INC	34.40
RTIX	RTI SURGICAL	6.63
SMCI	SUPER MICRO COM	33.68
SSYS	STRATASYS LTD	37.99
STRI	STR HOLDINGS	1.12
SYNA	SYNAPTICS INC	100.40
UPIP	UNWIRED PLANET	0.79
XCRA	XCERRA CORP	7.76

After looking at some of these, I think I like ALLOT (ALLT)........a lot. Going to consider adding.

I'll be adding ALLT to the picks here tomorrow, assuming that it doesn't move more than 2% against me.

Should I post my portfolio on here? Do people want to feel better about themselves? ^o^

Quote: teddys

Should I post my portfolio on here? Do people want to feel better about themselves? ^o^

Go ahead....you're free to do so.

OK. So ALLT was added today. Updated open positions are below.

Symbol	Price	Price Paid	SHARES	Gain	% Gain
ALLT	7.875	7.86	1000	$0.00	0.00%
ARAY	6.49	8.61	900	($1,923.00)	-24.77%
EGHT	8.88	7.28	1000	$1,592.00	21.84%
FCEL	1.14	1.13	8000	$70.00	0.77%
NVIV	15.16	3.72	2000	$22,872.00	307.09%
RKUS	11.2	10.39	700	$559.00	7.68%
SSYS	37.97	36.02	200	$375.00	5.19%
SVA	5.56	3.72	2150	$3,948.00	49.31%
YNDX	17.58	25.815	500	($4,133.50)	-31.98%
				$27,493.00	33.99%

Quote: teddys

Should I post my portfolio on here? Do people want to feel better about themselves? ^o^

wait a minute, oil is on the march back

My hunch is that it's a short lived march.

Quote: odiousgambit

wait a minute, oil is on the march back

I stopped checking. I had reached the "puke point."

I found the following article online this morning. First they state "to meet a rise in global demand" and then further down in the article they state "Any increase in production in a market which already faces a glut". HUH??

By Nidhi Verma





NEW DELHI (Reuters) - Saudi Arabia is ready to increase its oil output in the coming months to a new record to meet a rise in global demand, despite increased domestic use, a senior state oil company official said on Thursday.

Ahmed Al-Subaey, Saudi Aramco's executive director for marketing, told Reuters the world's top oil exporter was already talking to prospective Indian buyers for additional oil.

Saudi Arabia increased production in May to around 10.3 million barrels per day (bpd) - its highest rate on record - as a result of increased global demand.

Any increase in production in a market which already faces a glut would signal that OPEC is unrelenting in its decision to maintain global market share.

The strategy is seen as a major factor in the sharp decline in oil prices over the past year.





"We have plenty of crude... You are not going to see any cuts from Saudi Arabia," Al-Subaey said after meeting Indian oil officials in New Delhi.

Saudi Arabia has historically lowered its oil exports during the summer months when domestic demand peaks due to scorching temperatures and the need to power air conditioning.

"We have enough in reserves and we have enough production to do so. We will match whatever the need is. If the market requires it, we will provide it," he added.

Last Friday, the Organization of the Petroleum Exporting Countries agreed to leave its output policy unchanged for another six months.

India was expected to be the main demand growth engine in the second half of this year while Chinese oil demand was stabilizing, The Aramco executive added.


(Reporting by Nidhi Verma, writing by Ron Bousso; editing by David Clarke and William Hardy)

I have had an eye on a particular company, ONVO, for a while now. I did not add it since it fell outside of one of the parameters that I use in picking stocks and in this case it is valued higher than I would believe is reasonable. However, it is so compelling a story to me that I cannot resist any longer. It is in 3D printing of human tissue. Unbelievable. I'll be looking to add tomorrow, unless it gains more than 3% from today's close.

The below is a profile of the company taken from Yahoo Finance.

Organovo Holdings, Inc., a development-stage company, focuses on developing and commercializing functional human tissues that could be employed in drug discovery and development, biological research, and as therapeutic implants for the treatment of damaged or degenerating tissues and organs. The company is developing a suite of standardized and three-dimensional human tissues for the preclinical assessment of drug effects, including applications in predictive toxicology, absorption, distribution, metabolism, excretion, and drug metabolism and pharmacokinetics; customized human tissues as living, dynamic models of human biology or disease, for use in drug discovery and development; and three-dimensional human tissues for clinical applications, such as blood vessels for bypass grafting and nerve grafts for nerve damage repair, as well as functional tissue patches for the repair or replacement of damaged tissues and organs. Organovo Holdings, Inc. has collaboration agreements with United Therapeutics Corporation; Knight Cancer Institute at Oregon Health & Science University; Michael J. Fox Foundation; Hoffman La Roche; Janssen Pharmaceuticals; and L’Oreal. The company was founded in 2007 and is headquartered in San Diego, California

Added 1,500 shares of ONVO to the portfolio here at 5.67

The following is an excerpt from a Forbes article this morning by Robert J. Szczerba. Wild stuff in the medical world.

" Liver cells: Organovo, the developer of the first 3-D bioprinted liver tissue, has the potential to revolutionize medical research. By making live human liver tissue commercially available, researchers are now able to test the effectiveness and toxicity of medication prior to clinical trials without the possibility of damaging the liver of subjects. Not only does this reduce the time and cost of research, the 3-D tissue also provides vital information to researchers that normal 2-D models would lack. “This gives researchers the kind of tool that they just haven’t had in the past. They can’t do the kind of experiments on a person that they can do with this tissue in a lab setting.” said Michael Renard, executive vice president at Organovo."

My investment in NTEK has not gone well. The stock has tanked. Down over 91%! Good grief. Why the implosion?

Just call it a bad pick and put it behind you.

I am intrigued by some of their technology; NTEK seems to have something of value to offer, so why isn't the company doing better?

Oh well, I've other investments.

Have you tried putting a number to the "value"? If you can't, then it doesn't exist. Just trying to helpful......not a smartass.