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Abtech Holdings soars on Progress of New Wastewater Treatment Program

March 29th, 2011

Abtech Holdings Inc. (OTC: ABHD) shares soared more than 16% today after the company announced that it has progressed to the next stage for testing nuclear wastewater treatment. The technology is expected to be helpful in addressing the problem of removing hydrocarbons from process water. It is also likely to be in used in decommissioning wastewater and PCB filtration. The company has been developing the technique from May last year. It is now expanding the scope of the program and would test it out as a part of a treatment process in a nuclear facility.

“We are encouraged by the results so far, as the data extends the proven efficacy of Smart Sponge® as water treatment products that can offer the versatility to potentially help protect lives under emergency circumstances, Glenn R. Rink, CEO of the company stated in the press release.

The technology has been successful in the removal of hydrocarbons and specific polymers. It also removes associated radioactive compounds.

Abtech Holdings is involved in the development and manufacturing of clean water equipments. The company supplies its products to various industries, municipalities and companies. Th

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Tags: Abtech Holdings, Treatment, Wastewater Treatment

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Central Bank Authorized Fraud; Fractional Reserve Lending Problems Go Far Beyond “Duration Mismatch”

March 24th, 2011

Keith Weiner at the Daily Capitalist purports to explain the Fractional Reserve Banking: The Real Story

Weiner makes a case that the problem with fractional reserve lending is one of “duration mismatch”. If you don’t understand the term “duration mismatch”, please don’t stop reading. I provide an easy to understand example below.

While “duration mismatch” is a huge problem, it is by no means the only problem. Thus Weiner misses the overall picture.

Fractional Reserve Banking Defined

Before we can state the problems and concerns with fractional reserve lending we need to define the term. Here is the meaning I use for my analysis:

Fractional reserve lending is the act of “lending out more money than banks have a legitimate right-to-lend”.

Clearly, I cannot lend you $1,000 if I only have $1.98.

However, and this may surprise many people, banks can. Moreover, the fact that banks can lend more money than exists is at the very root of the financial crisis we are in today.

Legitimate Right-To-Lend

The key question is what constitutes a “legitimate right-to-lend”?

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Tags: Duration, Fractional Reserve, Fractional Reserve Lending, Reserve Lending

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Top Cheap Stock – Level 3 signs Multiple Expansion Agreements for Latin American Market

March 23rd, 2011

Level 3 Communications Inc. (NASDAQ:LVLT) yesterday signed an agreement with INTERNEXA to expand its content delivery network services to Colombia, Ecuador, Venezuela and Peru, which offered enough steam to boost the company up nearly 3% in todays trading.

INTERNEXA has telecommunication infrastructure connectivity with more than 18,000 kilometers of fiber-optic network across seven countries in South America.This agreement will help both the companies to provide improved international IP content services to their customers. By using level 3’s content delivery network and INTERNEXA’s expansive in-region network, both the companies are expected to provide rich media,requiring reduced bandwidth to more efficiently access and deliver reliable, fast-loading rich content, like video, online games, software, music and other media to their end users in South America.

“We’re effectively building the next generation of Internet in South America. A large amount of the data demand in South America is for content that originates in North America, which is why we’re combining forces with Level 3 and their impressive CDN to deliver a high-quality IP Transit service. We’re mak

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Tags: Level, Level Signs

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(FITB) Fifth Third Bancorp Announces Higher Dividend

March 23rd, 2011

Fifth Third Bancorp’s (FITB) board of directors increased the cash dividend to 6 cents per share on its common stock. First quarter 2011 cash dividend of 6 cents represents an increase of 5 cents from Fifth Thirds previous quarterly dividend of 1 cent, an increase of 500%. The increased dividend will be payable on April 21,to shareholders of record as of April 1.

The strength of Fifth Third’s business model reflects the company’s commitment to return value to shareholders with its strong cash generation capabilities. Prior to this revision, the company reduced its quarterly dividend twice in 2008. Firstly, the dividend was slashed by 65.9% (from 44 cents to 15 cents per share), and was later inched down to a penny.

In January 2011, Fifth Third submitted a capital plan to the Federal Reserve Board, including dividend hike and common stock repurchases. The action followed Fed’s approval of dividend hike and stock buyback after the completion of stress tests to assess the banks’ financial position, which would definitely boost investors’ confidence in the U.S. Banks.

Fifth Third was one of the 19 banks that were subjected to stress tests conducted by the Federal Reserve. Due to the

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Tags: Dividend, Fifth Third, Fifth Third Bancorp, Third Bancorp

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Its Backwards, But Kept My Losers Sold Winners

March 23rd, 2011

I did the opposite of what one would normally do. Sold my winners, LVS for a 26% gain in my Friday buy. However, I also jumped on the April LVS 38 calls’ this morning and with the $1+ move in LVS those did 50% gain. I sold them both near the close.

I kept my losers NVDA & XLF. I added to my NVDA position.

Kept FAS, BRCM calls, and VALE calls. These are all in the green.

I bought SOLR near the close.

I made a monsterous mistake not going long with my index money on Friday. This was a miss of about 4.2% between the NDX and RUT today. I still think there is more upside left and I say that because the charts did not relieve the conditions I’m seeing still. However, it could be back and forth before ultimately closing higher on Friday.

Tags: Winners

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Overvaluation Data from our Latest ValuEngine Valuation Watch

March 20th, 2011

The ValuEngine Valuation Model tracks more than 5000 US equities, ADRs, and foreign stock which trade on US exchanges. The model calculates a level of mispricing or valuation percentage for each equity based on what the stock should be worth if the market were totally rational and efficientan academic exercise to be sure, but one which allows for useful comparisons between equities, sectors, and industries.

We track valuation figures and use them as a metric for making calls about the overall state of the market. Whenever we see levels in overvaluation levels in excess of @ 60% for the overall universe and 27.5% for the overvalued by 20% or more categories, we issue a valuation watch. When overvaluation exceeds 65%, we issue a valuation warning.

Our watches and warnings let us know that the model thinks things are overheated, but they cannot tell us when a correction will occur, nor can they tell us its duration and depth. In some cases the market heads for a long dive, in others we see juts a momentary drop before the market resumes an upward climb. We simply do not possess the long-term historical data necessary to complete a better study of the metric.

However, we did use this indicator to warn our clients of a possible correction on one other occasion.

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Tags: Valuation, Valuengine Valuation

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