Dashwood's Wall Street

[kittydashwood]

All sectors of the Dow and Spy except the Aluminium index have expressed sell signals. Time to test the bottom again, a if only the 10000 gang would help the buyers convictions to get through the 11000 mark.

BP, Exxon Mobil hit with antitrust suit
Alaska claims they're withholding natural gas from market

SAN FRANCISCO (MarketWatch) -- A dispute over the best way to move Alaska North Slope natural gas to the U.S. market has resulted in an antitrust suit claiming BP Plc and Exxon Mobil Corp. are conspiring to withhold the fuel to drive up prices, according to a media report Tuesday.

The action comes as natural-gas prices have flirted with historic highs on fears of inadequate supplies for a cold U.S. winter. Natural-gas futures closed at a three-session high on Monday. See full story.

The suit against BP and Exxon Mobil was filed Monday in U.S. District in Fairbanks, Alaska, by the Alaska Gasline Port Authority, the state agency charged with building a pipeline to move an estimated 37 trillion cubic feet of natural gas - enough to satisfy two year's worth of U.S. demand - from the North Slope fields to U.S. markets, The Journal said.

The authority alleges in its suit that a series of illegal agreements and acquisitions by the companies has choked the flow of gas reserves and seeks a court order to top the companies' alleged collusion, The Journal said.

The authority said that BP's refusal to agree to ship its natural gas and Exxon Mobil's failure to develop its huge fields amounts to "warehousing" a desperately needed resource in an effort to drive up prices. "Gas prices are at record highs, and big oil companies still won't move the gas to market," authority Chairman Jim Whitaker said in a statement, according to The Journal.

Gas now produced by North Slope oil wells is injected into underground reservoirs, The Journal said.

The port authority says it has $18 billion in federal guarantees and the permits to build a pipeline from the North Slope to Valdez in the southern part of the state, where gas would be liquefied and loaded onto tankers, The Journal said. The Trans Alaska Pipeline moves crude from the North Slope to tankers that load at Valdez.

But BP and Exxon favor an alternative, longer pipeline through Canada over which they would have more control, the authority charges in its suit.

Talks between the state and producers on building the longer pipeline have stalled, The Journal said.

BP and Exxon Mobil have balked at the state's terms and a third producer, ConocoPhillips, agreed to basic terms in October, The Journal said.

BP and Exxon Mobil argue a pipeline through Canada to the Midwest would increase the value of the gas by delivering it directly to gas-hungry markets, while the Valdez route would generate less revenue and expose the $20 billion project to greater risk, The Journal said.

"This is another sobering reminder of our litigation-crazed society. This suit is frivolous and it's totally without merit," said Exxon spokesman Russ Roberts, according to The Journal.

[kittydashwood]

Massive[]

[kittydashwood]

PESO VALUE DROPS SHARPLY ON FRIDAY
(Dec. 19, 2005) Chile's peso had its biggest decline (from 511 to 516 pesos to the dollar) in three weeks after Chile’s central bank late last week halted five months of interest rate increases.

[kittydashwood]

Finally sold out of GROW for 200% + gains
Have been buying STJ on weakness, it's been as low as 49.75.
Have also been buying Harris and HARRIS
http://www.tinytechvc.com/
They run a closed end venture capital firm (ticker TINY) that specialise in nanotech startups.
They have hit one winner and have an interesting portfolio of investments including Kereos, Inc which develops molecular imaging agents and targeted therapeutics for the detection and treatment of cancer and cardiovascular disease. The imaging agents and targeted therapeutics in Kereos' pipeline are based on proprietary ligand-targeted emulsion technologies.
www.kereos.com


Thats it for me, never made it back into PCU one for the new year weakness maybe, entry 55$? Feel naked without GROW.

Will be looking to material,chemical and energy service sectors next year. Still haven't been able to buy a power generator (barring KEP +20% this year) on the main board. They are all one spill away from bankrupcy, if you ask me infrastructure and ultility in america are *@*($$%! and overpriced. Like GNA CHL CH EWJ MC

Has JNJ stopped the slide?

[kittydashwood]

6-Month 12-Month AnnualInception
John Keeley 71 20.38% 120 24.72% 17.56% 16.37% 15.62%
David Dreman 91 16.01% 147 16.02% 12.18% 17.14% 15.95%
William Ruane 17 14.24% 23 11.48% 7.19% 12.8%
Bill Miller 10 13.7% 27 15.67% 2.07% 15.04% 16.39%
Glenn Greenberg 2 12.5% 2 12.5% 22%
Robert Rodriguez 2 11.5% 5 4% 15.14% 14.79%
Martin Whitman 12 10.75% 28 14.96% 10.96% 14.14% 17%
George Soros 113 10.55% 144 12.65%
Ronald Muhlenkamp 20 8.75% 48 12.69% 12.52% 16.21%
Bill Nygren 11 7.27% 19 3.21% 11.8%
Bruce Berkowitz 18 6.17% 18 6.17% 15.05% 18.46%
Wallace Weitz 22 5.64% 31 11.1% 5.2% 14.1% 13.1%
Charles de Vaulx 93 4.04% 93 4.04%
Ron Baron 41 4.02% 41 4.02% 10.96% 14.97%
Mason Hawkins 18 3.83% 28 13.14% 11.2% 13.1%
Richard Aster Jr 52 3.25% 92 7.65% 12.54% 20.22%
Robert Olstein 27 3.19% 54 4.57% 7.41% 15.89% 15.84%
Kenneth Fisher 26 2.62% 54 13.63%
Arnold Van Den Berg 18 1.94% 22 10.18% 16.62% 17.05%
Brian Rogers 20 0.25% 41 4.39% 7.39% 10.88% 13.13%
Edward Owens 0 0% 0 0%
James Gipson 2 0% 12 8.67% 8.44% 13.25% 14.87%
Edward Lampert 0 0% 0 0%
Ian Cumming (Leucadia National) 0 0% 0 0%
Warren Buffett 9 -1.11% 15 -3% 7.05% 19.96% 22.8%
Bruce Sherman 25 -1.4% 25 -1.4% 13.72% 21.87% 20.11%
Seth Klarman 3 -3.67% 3 -3.67% 20%
Tweedy Browne 8 -7.13% 15 7.93% 3.85% 9.91% 10.88%

[kittydashwood]

Fear was replaced by greed today, the charts look like 1998 all over again.
xsnx at .65 3 bags full.

GROW showed support at 12.50-12.30 still has a bucket of momentum to unload before it will snap back to 14.50, wait till that next earnings report. The telling sign even with 200% gains insideres are not selling.
In fact Praetorian Asset Management took a big stake at about 10$.
Bought TWTC at 9.50 good move from DESC and ENG today like the look of PWEI.

[kittydashwood]

Next fad investment?
ZAP
ZP:Pacific Stock Exchange
Last Price: $0.31 Change: +0.03 (+10.71%) as of 12:49pm EST, 1/04/2006


ZAP Electric Car Give-a-Way Adds Buzz to 2006 International Consumer Electronics Show; Scientific American Innovations People's Choice Award Offers the Only All-Electric ''City-Car'' at the World's Largest Technology Exhibition
1:40 PM EST January 3, 2006

Scientific American magazine is teaming up with automotive pioneer ZAP (PCX:ZP) to plug fuel-saving automotive technology at the 2006 International Consumer Electronics Show (CES), the world's largest technology exhibition, January 5-8, 2006 in Las Vegas.

ZAP will be offering up the new ZAP XEBRA(TM) as the grand prize for the Scientific American Innovations People's Choice Award drawing at CES. Two XEBRAS will be on display at CES: one in the Sands Expo and Convention Center (SECC) at booth #71204, in front of the Digital Living Network Alliance TechZone; and the other will be in the CES Central Plaza (in front of the entrance to the Las Vegas Convention Center (LVCC) Central Hall is in booth #CP5.

For a chance to win a ZAP XEBRA electric car, visit the Innovations Design and Engineering Showcase at the Sands Expo and Convention Center, Booth #72444. Cast your vote for your favorite Innovations 2006 product at electronic polling stations in the Innovations Showcase. Vote by 1 p.m. Saturday, January 7, 2006, to be entered into a drawing to win a ZAP XEBRA electric car. The Scientific American Innovations People's Choice Award -- and winner of the car -- will be announced at an awards ceremony at 5 p.m. in the Innovations Showcase, during Saturday at the Sands Hotel. The XEBRA can now be seen on the CES website http://www.cesweb.org under 'Awards' in the 'Innovations' section.

ZAP calls the unique three-wheeled vehicle a "City Car," designed to fill the niche for busy stop-and-go, in-town driving. ZAP says the car is ideal for households that want a fun, inexpensive vehicle for running errands around the city. Unlike hybrids currently on the market in the U.S., the ZAP car needs no gas at all -- just plug into any conventional outlet.

ZAP is taking advance orders on the new vehicle. Dealers and consumers can schedule test rides by visiting ZAP at International CES or by contacting ZAP directly at (707) 525-8658 or via its website http://www.zapworld.com.

About ZAP

ZAP, Zero Air Pollution(R), has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries. ZAP is at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, alcohol, hybrid, trybrid and other innovative power systems. For more information, visit http://www.zapworld.com.

Cautionary Statement

This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

SOURCE: ZAP
ZAP Alex Campbell, 707-525-8658 ext. 241 (Media Relations) acampbell@zapworld.com Jennifer Zimmons, 212-838-1444 (Investor Relations) jzimmons@zapworld.com

[kittydashwood]

Worth waiting GROW bounced off 11.92 and put on 5% for the day. I love it when you get to hit the trigger on a trade you have waited for.

[kittydashwood]

ZP is on notice from the Pacific exchange for falling below the minumum bid price of 1 dollar.
The company have until the 19th January to sort it out. At .30 cents these guys may be delisted 19/01/06
Distressed company!

[kittydashwood]

Old resistance on SPY and NASDAQ broken by my calculation.
Big day here. Nice to note the 14% fall in Natural Gas prices for the week. Lovely big gains in the Agricultural Chemical sector, which is great to play as a hedge to rising gas prices, rode TNH from 18.80 last week to 23.03 today. MOT +3.53% STJ 52.82 +4.51% ENG 10.30 +8.42%

My biggest day for two years trading.