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Posts Tagged ‘copper mining’

NSU, UWN, PROT, TNDM - Stock News And Updates From DrStockPick.com.

Tuesday, September 28th, 2010

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PROTEONOMIX, INC. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon human cells and their derivatives, reports further developments with its Joint Venture Company, XGEN Medical LLC (”XGen”) towards implementing operations in the United Arab Emirates (U.A.E.).

Proteonomix is the majority shareholder in XGen with the balance held by an anonymous investor group. Proteonomix personnel were on the ground in the U.A.E. over the past weeks to work together with the Investor Group through the start up phase. To date, XGen has established an office in the Monarch Office Tower on the prestigious Sheikh Zayed Road, and a residence for visiting Proteonomix personnel on Jumeira 2.

Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. is a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging line of skin care products. StromaCel, Inc.’s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix’s operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. (”PRTMI”) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies.

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Neutral Tandem, Inc. (Nasdaq:TNDM), a leading provider of interconnection services, has entered into an agreement to acquire Tinet SpA, an Italian based global carrier exclusively committed to the IP Transit and Ethernet wholesale market. To acquire Tinet, Neutral Tandem will pay cash consideration of approximately 74.5 million euros (approximately $94.9 million), which reflects certain purchase price adjustments, the assumption of approximately 5.2 million euros in cash (approximately $6.6 million) and the assumption of approximately 18.2 million euros in long-term debt (approximately $23.2 million), which will be paid off at closing1. The combination will immediately expand Neutral Tandem’s IP-based network internationally, enabling global end-to-end delivery of wholesale Voice, IP and Ethernet solutions. The acquisition, to be financed by cash from Neutral Tandem’s balance sheet, is subject to various standard closing conditions and is expected to close during the fourth quarter of 2010. After closing, Tinet will be a wholly owned subsidiary of Neutral Tandem.

Headquartered in Chicago, Neutral Tandem, Inc. is a leading provider of tandem interconnection services to wireless, wireline, cable and broadband telephony companies. As of June 30, 2010, Neutral Tandem was capable of connecting approximately 500 million telephone numbers assigned to carriers in the United States. Neutral Tandem’s solutions include both voice and Ethernet interconnection services. Neutral Tandem’s solutions build redundancy, security and operational efficiencies into the nation’s telecommunications infrastructure. Neutral Tandem announced plans to launch 14 Ethernet eXchanges by year end 2010.

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Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) reports financial results for the first quarter ended July 31, 2010.

“While we are very pleased with our first quarter results, they don’t reflect the impact from the six additional mini-casinos we acquired in Washington. Our three original Washington mini-casinos and our Colorado property continue to perform well,” said Robert Sturges, CEO of Nevada Gold.

“With the acquisition of the additional locations, Nevada Gold has become the largest owner of mini-casinos in the state of Washington with nine such facilities. The synergies amongst our Washington properties will allow us to operate with great efficiency cross market and offer a high level of consistent guest service and promotional incentives,” continued Mr. Sturges.

“We continue to be on track to hit our goal of generating approximately $55 to $60 million in pro-forma revenue subsequent to the addition of the six recently acquired Washington mini-casinos. We also expect that our property level pro-forma EBITDA, adjusted for the additional six mini-casinos, will be approximately $7.5 million to $8 million on an annual basis,” concluded Mr. Sturges.

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Nevsun Resources Ltd.(NYSE Amex:NSU) is pleased to advise on growth strategies for reserves and throughput for the Bisha project in Eritrea. The Bisha gold phase remains on time and on budget, with commissioning expected in Q4 2010 and commercial production in Q1 2011.

Reserves

Nevsun expects to increase Bisha’s 20 million tonne reserve as a result of the following opportunities:

– Revising reserve calculations for updated metals prices and lower cut-
off grades. The existing reserve was determined using outdated cut-off
grades and metal prices. Recalculation could potentially convert what
was previously considered waste to ore;
– Converting inferred resources below the feasibility study pit to
reserves by infill drilling;
– Definition drilling of the hanging wall copper mineralization, directly
adjacent to the Bisha deposit, to estimate additional resources and
potential reserves; and
– Infill drilling the Harena discovery, which is 9km south west of Bisha,
to perform a resource and reserves estimate.

Bisha’s 20 Mt reserve is part of a 27 Mt measured and indicated and 12 Mt inferred resource, indicating substantial opportunity for growth. The extent of reserve expansion is not yet fully determinable but the Company anticipates the above activities should significantly enhance total reserves within the next year.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received twenty thousand dollars in cash and twenty thousand dollars in free trading share from a third party (Swiss Financial Report) for (30) days of advertisement services for Proteonomix, Inc. (PROT.OB)

 
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DrStockPick.com Reports The Latest News From Tel Instruments (TIK), Teche Holding (TSH), Crown Equity Holdings (CRWE) and Taseko Mines (TGB).

Monday, September 27th, 2010

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Crown Equity Holdings Inc. (OTCBB:CRWE) announcd recently that its sales this year have already surpassed $1,000,000. This compares to $232,510 for the three quarters ending September 30, 2009 and $ 659,907 total sales for the year 2009.

“Based on our sales to date, we had more than 4 times the sales for the same period last year and are 34% ahead of last year’s total sales,” commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. “Our growth in sales along with our investments in infrastructure and people give the company a basis for supporting future growth of the magnitude we have seen so far this year,” stated Bosket.

Crown Equity Holdings Inc. has expanded its internet footprint internationally to include the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.

Crown Equity Holdings Inc. is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused its primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.

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Taseko Mines Limited (NYSE Amex:TGB) has filed a preliminary short-form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec, and a corresponding shelf registration statement with the United States Securities and Exchange Commission on Form F-10. Once the shelf prospectus is cleared and the shelf registration statement becomes effective, these filings will, subject to securities regulatory requirements, allow the Company to make offerings of common shares, warrants, subscription receipts, debt securities, or any combination of such securities (all of the foregoing, collectively, the “Securities”) up to an aggregate offering price of CAD$300,000,000 during the 25-month period that the final short form base shelf prospectus, including any amendments thereto, remains effective. The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement and, subject to applicable regulations, may include ‘at-the-market’ transactions, private placements, public offerings or strategic investments.

Russell Hallbauer, President and CEO of Taseko, commented, “Management is advancing a number of aspects of our Prosperity Project, including basic and detailed engineering, securing long-term offtake agreements, permitting as well as financing alternatives.

With most of the project already financed and many options available, we do not anticipate any issues to bridge the remaining portion of the required financing. Options being pursued include Corporate and Project debt, trade loans with smelter companies in return for long-term offtake agreements, selling a small percentage of the project and also different equity styled alternatives.

Mr. Hallbauer continued, “The shelf prospectus that has just been filed is not binding and we are not committed to an equity financing. We will continue to assess all financing options and maximize shareholder value through the development of Prosperity.”

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Teche Holding Company (AMEX:TSH), the holding company for Teche Federal Bank, has authorized a stock repurchase program. Teche has adopted a plan to repurchase up to 3%, or approximately an additional 63,000 shares, of the Company’s common stock.

The repurchases will be made in accordance with the plan and are expected to be made from time to time in open-market and privately negotiated transactions, subject to the availability of stock, market conditions, the trading price of the stock and the Company’s financial performance. Such repurchased shares may become treasury shares and utilized for general corporate and other purposes, including the issuances of shares to the Company’s stock benefit plans to mitigate the potentially dilutive effects of such plans. The repurchase program is expected to be completed in 12 to 18 months.

Teche Holding Company is the parent company of Teche Federal Bank, which operates nineteen offices in South Louisiana and serves over 60,000 customers. Teche Federal Bank is the fourth largest publicly owned bank based in Louisiana with over $765 million in assets. Deposits at Teche Federal Bank are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation (FDIC).

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Tel Instrument Electronics Corp. (AMEX:TIK) has concluded a deal to raise $2.5 million in financing with BCA Mezzanine Fund LLC, a Delaware company based in Providence, RI. The financing is in the form of a five year loan with an interest rate of 14%. During the first year payments are interest only. After the first year the Company will make monthly payments of approximately $69,000 until the note is paid in August 2015. The Loan Documents also contain customary representations, warranties, covenants and conditions including quarterly financial requirements, a lien on the Company’s assets and the Lender’s right to attend Board of Directors’ meetings. In the event of a default, as defined in the Loan Documents, and if the Company can’t cure the default during the specified cure period, the Lender can foreclose on the Company’s assets.

The Company also issued a five year Warrant to the Lender exercisable for 136,090 shares of the Company’s common stock at $6.70 per share, the average closing price for the common stock over the three preceding days on the NYSE-Amex Exchange. In the event of major corporate events or the maturity of the five year loan, the Lender can require the Company to purchase the warrant and warrant shares at the higher of the then exchange market price of the shares or five times operating income. Any shares issued will be restricted under the Securities laws and the Lender will have limited right to require the Company to file a registration statement for the shares. The Lender also has certain sale rights in the event senior management sells its shares in the Company.

Jeffrey C. O’Hara, Tel’s President, states that “this financing will allow the Company to fund its growth and provide the working capital necessary to expedite delivery of its current backlog of approximately $25 million. We are excited at the opportunity to work with BCA, and expect this to be a strong strategic relationship for the future.”

The Company also received a $1.3 million contract to supply 75 T-47N ramp test sets to the U.S. Army. This order is part of a five year IDIQ (indefinite-delivery/indefinite-quantity) contract from the U.S. Army for up to 235 T-47N test sets with a maximum contract value of approximately $4 million which was awarded in February 2010. The Company had previously delivered 35 test sets on this IDIQ contract. The Company expects to complete delivery of all units under this contract during the current fiscal year.

 

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

drstbc

 

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

 
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DrStockPick Presents Updates On Mining Companies, NXG, BEXP and FLPC.

Friday, August 20th, 2010

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First Liberty Power Corp. (OTC.BB:FLPC) reports that the Gravity Survey of the Company’s Lida Valley (LVW Claims) Nevada lithium claim has been completed by Hasbrouck Geophysics Corp and it has provided positive results. The data from the Gravity Survey has resulted in the identification of multiple deep trough system’s that could be a possible catch basin for lithium brine. Lithium is liberated through mechanical and chemical weathering processes and transported until it is trapped in a closed basin or by impermeable rock along a fault scarp.

In the Lida Valley region it is thought that the source of the lithium is the dark gray lithium enriched rhyolite tuffs that outcrop south and east of Montezuma Peak. Once lithium has been liberated into the water system it remains highly mobile and movement of the lithium with surface water and groundwater will follow basic hydrological principles. Hydrologic basins in Nevada consist of basin fill underlain by either low-permeability or permeable rock with water movement through the basin fill, permeable rock and along faults.

Nothing more complex than a topographic low or closed basin is required to concentrate lithium-bearing water. For topographic lows with larger catchment areas there is a greater opportunity to accumulate lithium from wider sources. The water trapped in these lows may move through dipping aquifers until it reaches an impermeable barrier such as a fault scarp.

The LVW claims share a similar geology and weathering history to nearby Clayton Valley, the LVW Claims are located within 15 miles of the Montezuma Peak, which is believed to be the source of the region’s lithium. The north end of Clayton Valley hosts Chemetall Foote Corporation’s Silver Peak Mine, the only lithium brine producer in the United States. Mine production comes from a lithium enriched brine located below the surface. This plant has been in production since 1967 and is designed to produce up to 1.2 million kilograms of lithium hydroxide per annum.

First Liberty Power Corp. is a Nevada based mineral exploration company with a primary focus on lithium and vanadium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for both lithium carbonate and vanadium that is projected to result from the adoption and use of clean renewable energy that will fuel demand for products that utilize lithium-ion batteries and vanadium redox batteries.

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Northgate Minerals Corporation (NYSE:NXG) reported its financial and operating results for the three and six months ended June 30, 2010.

Ken Stowe, President and CEO, stated: “Our Fosterville and Kemess mines turned in strong operating performances during the second quarter, but overall performance was impacted by challenges faced at Stawell, where complex geology in the orebody and poor reserve performance necessitated the unplanned processing of marginal grade ore. During the balance of the year, Stawell production is expected to recover as the new GG6 mining zone comes on stream and operations should be back to normal in the fourth quarter.

On the exploration front, our intensive 2010 exploration program paid dividends with the discovery of a new gold zone on the Young-Davidson property, in what is postulated to be the faulted offset of the current orebody, and we will be following up with additional drilling to determine the vertical and lateral extent of this new zone.

Also in the second half of the year, we will be wrapping up the $3 million drill program at Kemess Underground. In addition, exploration efforts will be ramping up as part of our $18 million exploration budget in Australia, where the focus is on resource to reserve conversion and the search for substantial new orebodies in the Stawell camp.

Lastly, having received the key permit for the Young-Davidson project in July, we broke ground on the property, as the appropriate resources were mobilized on site. This is a monumental event, as Young-Davidson represents a low cost, long-life mine with excellent growth potential that will become the new cornerstone of our company.”

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Brigham Exploration Company’s (NASDAQ:BEXP) management team members will be presenting at Enercom’s The 2010 Oil & Gas Conference in Denver on Monday, August 23, 2010 at The Westin Tabor Center. A copy of their corporate presentation will be available on the Company’s website beginning Monday, August 23, 2010

Brigham Exploration Company is an independent exploration, development and production company that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves.

Historically, Brigham Exploration’s exploration and development activities have been focused in the Onshore Gulf Coast, the Anadarko Basin and West Texas. Beginning in Late 2005, Brigham Exploration began to acquire acreage within the Williston Basin in North Dakota and Montana and as of December 31, 2009 they have approximately 453,147 gross and 282,584 net leasehold acres in the Williston Basin.

In 2009, Brigham Exploration spent a total of approximately $60.0 million on drilling, land and seismic in their operating areas. During 2010, the Company plans to spend approximately $183.7 million on drilling 60 gross (27.1 net) closed wells as well as drill and complete wells that were in progress at December 31, 2009. Brigham Exploration currently expects to spend approximately $15.6 million on land and seismic and encur $14.8 million for capitalized costs.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

drstbc

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.(CRWE.OB) has received Eight thousand dollars from a third party (Winning Media) for one (1) day of advertising for FIRST LIBERTY POWER . (OTCBB: FLPC).

 
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ORFG.PK, NYSE:AUY, AMEX:PLM Market Updates On Mining Companies.

Thursday, July 29th, 2010

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Orofino Gold Corp. (PINK OTC:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.

With the frequent occurrence of the very high grade gold vein systems in the central area of its Senderos de Oro project and with several small scale grinding and amalgamation mills in-place, Orofino is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while the Company continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.

The company has reviewed several engineering and design firms with gold production facilities design and operational experience and is currently creating a short list prior to engaging the design team. Orofino intends to continue the relationships currently enjoyed with all government agencies, the local communities, as well as current production teams and will involve these groups in all major processing and production planning decisions.

Ownership of gold and silver, along with quality precious metals mining shares, is becoming one of the hottest investments on the planet.

The early adopters, who wisely purchased their positions before the masses come, will sleep well at night while others fret and worry as they watch the purchasing power of their savings evaporate like water in the desert.

Gold offers a safe way to hedge against these falling flat currencies.

 

 

 

Yamana Gold Inc. (NYSE: AUY) is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. Yamana plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities in the Americas.

Yamana has six core producing mines, Chapada, Jacobina and Fazenda Brasileiro located in Brazil, El Penon and Minera Florida in Chile, and Gualcamayo located in Argentina. In addition, the Company has seven development stage projects, C1 Santa Luz, Mercedes, the tailings reprocessing project at Minera Florida, Ernesto/Pau-a-Pique, QDD Lower West, Pilar and Caiamar, as well as a robust exploration portfolio.

Yamana Gold Inc. reported that its second quarter results will be released after market close on August 4, 2010 followed by a conference call on August 5, 2010 at 11:00 a.m. ET.

 

 

PolyMet Mining Corp. (AMEX:PLM) reported recently that the state and federal government agencies responsible for the Environmental Impact Statement (EIS) reviewing PolyMet’s copper-nickel-precious metals project will complete the EIS process by preparing a supplemental draft EIS that incorporates the proposed US Forest Service (USFS) land exchange and expands government agency cooperation.

The USFS will join the US Army Corps of Engineers (USACE) as a federal co-lead agency through the completion of the EIS process. In addition, the U.S. Environmental Protection Agency (EPA) will join the effort as a cooperating agency. The Minnesota Department of Natural Resources (DNR) remains the state co-lead agency.

The PolyMet project comprises the Erie Plant and the nearby NorthMet copper-nickel-precious metals ore-body, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

PolyMet began the environmental review process in 2004. The analysis is contained in more than 100 technical studies totaling approximately 14,000 pages that were the basis for the draft EIS.

PolyMet Mining Corp. is a mine development company that controls 100% of the NorthMet copper-nickel-precious metals ore body through a long-term lease and owns 100% of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Range in northeastern Minnesota.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

drstbc

 

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations.

 
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