The Taipan Group's 247profits e-Dispatch
Baltimore, New York, Chicago, Berlin, Bonn, London and Paris
September 13-14, 2004
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***Let's follow the election money�
***Politicos and mainstream media types are working overtime trying to
sweep Docu-Gate under the rug� Wall Street's latest scam� and
more!
***And they say you can't make money in a sideways market�
Ian Cooper's Extreme Volatility Speculator today showed readers
how to lock in a painless 118% gain in less than five days. Use this
system to outperform other investors and make big gains fast. Visit this
link for details:
http://www.youreletters.com/t/58404/3785361/646848/70/
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>From the Desk of J. Christoph Amberger
Dear Friend,
A coin newsletter I received last weekend blared in its headline: "Gold
Over $400 Again!"
The date of publication was September 1. That's the beauty of a
sideways market: gold may have spent most of the past 12 days below
US$400� but in this market, that kind of headline never goes
completely out of style. It's like predicting the dollar at US$1.20 per
euro or the Dow at 10,150.
***Unimpressed by the stagnant simmering of the financial markets, Ian
"Hot Hands" Cooper's Extreme Volatility Speculator today started
spitting out profits like a popcorn machine: "If you bought into the QQQ
calls on September 8, exit them today for a painless 118% gain in less
than five days. Take it. Do it now."
That was all Ian had to say.
And Chris DeHaemer, inventor of the Red Zone Profits system, added
a note from Rachanee C., who reports:
"I am a subscriber to the Red Zone not too long ago. The reason is to
get more opinions on nano stocks, something I already know. In the
month of January alone this year, I made $213,800 on 3 nano stocks
such as NANX, NGEN and ALTI. It is awesome! I followed these and
many. You asked for subscribers to tell you how we are doing. I am
buying some other nano stocks, thought you too would like to know.
These stocks have bottomed and it's time to be in."
And they say you can't make money in a sideways market�
***You can almost hear the "swish, swish, swish" of journalistic corn
brooms, even down here in Baltimore: Politicos and mainstream media
types are working overtime trying to sweep Docu-Gate under the rug.
Will they succeed? And what effect, if any, does something like this have
on the presidential election?
Let's follow the money: apparently, the punters at tradesports.com are
putting their money on Bush. Currently PRESIDENT.GWBUSH2004
contracts are at 61.0/61.5, with PRESIDENT.KERRY2004 coming in
at 40.0/41.0.
This represents a two-digit increase in Bush's favor over the past
few weeks.
***Another Eurozone country is struggling against debt: After
downgrading Italy's credit ranking in July, Standard & Poor's just
downgraded its rating on some of Greece's debt.
Greek government debt has been pegged at 112% of GDP by the end
of 2004, one of the highest debt-to-GDP ratios in the Eurozone. The
country is also facing a massive budget deficit trying to absorb the costs
of the Olympic Games. The Greek national deficit is set to hit 5.3% in
2004, according to Prime Minister Costas Karamanlis - almost twice the
3% allowed by the European Union.
Hmm: With Italy, Germany, France, and a half-dozen other countries set
to break through the deficit benchmarks set by the EU again� what's
not to like about the euro?
***A $10,000 investment in these unknown companies could well
turn into $1.6 million.
The tech boom of the Nineties was a kindergarten party - a fleeting
glimpse of what's to come. A handful of little-known stocks detailed in
this report are going on a rocket ride to the moon. George W. Bush
recently signed a $3.7 billion bill that provides the launch pad.
Read on� because it's not too late to get in on the opportunity of a
lifetime:
http://www.youreletters.com/t/58404/3785361/378/70/
Earnings Announcements for Tuesday, September 14, 2004:
Copart Inc., Oracle Corp., Palatin Technologies, Pier 1 Imports, Possis
Medical Inc., The Kroger Co., Vivendi Universal and Volt Information
Services Inc. are some of the companies releasing earnings.
***Quote of the Day:
"No, we haven't been defeated. We're doing pretty well in the war
against terrorists and the nations that support them. But we seem to
have misplaced the war in the midst of this very odd presidential
campaign. It's wonderful to watch Kerry's pals in the mainstream
media. There's nothing too outrageous for the media to say, and if
the news doesn't bring them fodder for the evening broadcast, they
just make stuff up. But what did Kerry say last week? If he said
anything, I didn't hear or read it. The Dan Rather brigade is so
eager to trash Bush, they've drowned out Kerry altogether."
--Jed Babbin, September 13, 2004
***WORLD OF PROFITS***
*** "There is now a nascent buoyancy in the Hang Seng that could
result in gains of another 1% next week."
How about them apples? The Hang Seng index closed the day at
13,139.57, up 135.58 points (yes, that's 1.04%).
Our indicators range from gains of 2% to 6%� but we believe
tomorrow's gain will be more along the lines of 1.4%.
*** "For next week, the overall sentiment of our indicators continues to
be muted� although it looks like there are limited bullish impulses
forming in the export sector."
The Nikkei 225 surprised us with an unsuspected close at 11,253.11,
up 169.88 points (1.53%). Our indicators still cannot find a
rationalization for this enthusiasm, hovering solidly in the minus 0.5%
range for tomorrow.
***DESK OF DENHOLM***
This just in from Taipan's resident Editor-at-Large, Martin Denholm:
Hope you had a pleasant weekend. Sun, socializing, and football made
for an enjoyable couple of days for yours truly.
***Dubious Record for US Airline: One company that definitely didn't
have a good weekend was US Airways. America's seventh-largest
airline has taken a trip to bankruptcy court and made history by
becoming the first company to file for Chapter 11 bankruptcy protection
twice in the space of two years.
In doing so, it also marked the largest ever default on a federal loan - the
US$1 billion it received from the Airline Transportation Stabilization
Board back in March 2003. One billion dollars might seem like a
generous loan. But given the enormous struggles within the airline sector
over the past year or so, it hasn't taken long for that wad of cash to
evaporate. Like many of its peers, US Airways has managed to blow
through that money thanks to surging fuel prices, terrorist concerns and
an ultra-competitive industry in which it's tough to churn out a profit even
if an airline's balance sheet is in relative good health.
With just US$975 million in cash, US Airways actually enters the second
round of bankruptcy protection in worse shape than the first time. Not
good, since the busy summer travel season is over and the industry now
heads into what is traditionally the lightest quarter. Some figured that,
rather than lose their jobs, employees would accept the airline's US$800
million worth of proposed labor concessions. But despite 38% of the
workforce having already been laid off (17,500 jobs), the union has put
up a stout fight and negotiations remain stuck in neutral. According to the
union, pilots have "already provided US$5 billion worth of concessions
to support previous restructuring efforts to ensure return to profitability."
In order to run its business more effectively, US Airways says it needs to
slash costs by US$1.5 billion, so the "no" to the US$800 million labor
deal is a crippling blow.
US Airways certainly isn't alone in being strapped for cash. Odds are
that Delta will soon follow it down the road to bankruptcy court. The
company recently warned that this would be inevitable if it failed to cut
costs immediately. The Financial Times reports that if this happens, a
staggering 42% of the US airline industry would be in bankruptcy by the
end of 2004 (remember, United Airlines is already there waiting for its
frequent fliers to join the party). Hardly surprising with industry
economists saying US airlines are set to lose another US$3 billion by the
end of the year.
Naturally, investors greeted US Airways' news with disgust today, piling
out of the stock en masse. At the close, UAIR had lost 44 cents (30%)
to finish the day at US$1.02.
Cheers for now. Take care till next time.
***TAIPAN TIDINGS***
***Special Report: "The Imaginary Real-Estate Crash of 2005"
Wall Street's latest scam could cost you your home.
Don't be fooled! Not only is the looming "real-estate crash" a Big Lie�
but a new hidden real-estate boom is emerging - and it's making some
people very rich!
Discover the government-issued "Secret Certificates" that could make
you 10 times your money in 5 years!
Full Report!
http://www.youreletters.com/t/58404/3785361/646599/70/
J. Christoph Amberger
Executive Publisher
and The Taipan Group's
247profits e-Dispatch Team
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