Major averages finished mixed on Thursday amid a number of economic reports which traders seemed to largely ignore. It is all technical right no w as the street is at or near 17 month highs. The blue chips advanced for the 8th straight session, gaining 45.5 points, or 0.4%, to 10,779.17. The S&P 500 Index was pretty much flat as the broader market lost 0.38 point, or 0.03%, to 1,165.83, while the Nasdaq Composite Index ended up 2.19 points, or 0.1%, at 2,391.28 points.

Morning Outlook

Wow so Friday is here! What another hot week its been in chat , and today should be pretty hot on the street as well. Although there is no economic data to influence trading, it is the 3rd Friday of the last month of the quarter, aka some serious quadruple witching action! We will see expiration in stock index futures, stock index options, stock options and single stock futures.

With people unwinding from these contracts as they expire, we should see some lovely volatility. We should also see more volume on the exchange than we have been seeing, which has been extremely light to say the least.

With a good amount of time before the opening bell, futures are trading mixed and in a pretty narrow range. So far in premarket action, Dow Jones industrial average futures are up 6 points, or 0.1 percent, at 10,723. Standard & Poor’s 500 index futures are up 0.8, or 0.1 percent, at 1,162.10, while Nasdaq 100 index futures are down 0.25, or less than 0.1 percent, at 1,941.50

Currencies and Commodities

The dollar rose 0.0929% at 90.471 yen in the currency market. The greenback is higher for the second day against the euro for a second day amid speculation that Greece may fail to secure financial assistance from the European Union. The euro depreciated 0.2673% to $1.3572 while the pound lost 0.7124% to $1.5136. Gold dropped $4.90 to $1122.60 an ounce, while silver lost 0.67% at $17.30. Light, sweet crude for April delivery fell 47 cents to $81.73 per barrel on the NYMEX; a 0.57% decline.

Hopefully you guys are taking the time to read scans the night before, the ideas on scan have been dead on and coming to action in the chat room.

Spam Faxing could be back!

Imaging Diagnostic Systems Inc. (IMDS.OB) over night worked out great had 260k shares over night .0486-.049 and we got 15% out of it today +

Look how these panned out – mainly Nasdaq… KONG was dead on… then BBX everyone should have been familiar with the chart Muddy called the short and boooom it didn’t look back!

Kongzhong Corp. (KONG) biggggg mover and alert today in chat I really didn’t trade it … – just saw a lot of folks all over it..  but on my radar for tomorrow potential $10 test short watch off big pops

BankAtlantic Bancorp Inc. (BBX) from scan last night continued to rock the house… might have a big pop tomorrow and I’d be looking short side

Pacific Capital Bancorp (PCBC) great play today this is what we go over in seminar… was textbook breakout and sell through pop of $2… may have more in the next few days $2.25-2.50+ will have it on a chart to watch for a play

Magic Software Enterprises Ltd. (MGIC) bigggg move now a doubler… watch for a breakout/squeeze let it rip then watch for potential s/s

Somaxon Pharmaceuticals, Inc. (SOMX) just killer, halted mid day…  was great opened right up  12:05:10    SOMX    B    5    1000
Bought 1,000 shares at $5 should have just held that all day would have been easier… but some HUGE alerts in chat from $6.60 off the gear when it starting upping both Seq and Muddy called it perfectly and it didn’t look back – I stated there was a refresh buyer at $7.35 and thought we’d see $8+ sure enough we got $10

[Mar 18, 2010 8:32:44 AM PDT] profits101 SOMX halted

[Mar 18, 2010 8:36:15 AM PDT] stimulatethis SOMX may explode

[Mar 18, 2010 8:37:13 AM PDT] adwarrior SOMX just recieved drug approval

[Mar 18, 2010 8:38:34 AM PDT] stimulatethis SOMX- insomnia drug approval

[Mar 18, 2010 8:42:30 AM PDT] jangidap SOMX will start trading again at 12:05

[Mar 18, 2010 8:42:44 AM PDT] jangidap http://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts

LA CORTEZ ENERGY INC (LCTZ.OB) nice gapper today… looking for another gap tomorrow closed really well was inching ALL day – love this type.

Palm, Inc. (PALM) down 15% after hours, obviously will be a big trader tomorrow with probably another 100 million share day or more… will have a trade in it.. long or short…

Developers Diversified Realty Corp. (DDR) $13 starting to consolidate/meet resistance – thought here is play the over/under $13 if the market cracks this will probably crack too, like this one for the short side but will continue playing the long side too like today when I alerted if $12.95 breaks probably a good long for the pop through $13

Finisar Corp. (FNSR) very strong today I was short at first lost .13 a share on it… while nailing the Century Aluminum Co. (CENX) and Direxion Daily Financial Bear 3X Shares (FAZ) trades today so I just kept it longer than I normally would… only had 1,000 shares so I wasn’t worried. great breakout may have more in it towards $16 before a pull back

MedCath Corp. (MDTH) nailed this short today from $12.10 range down to the $11.55 and 11.65s .. was great should be in play tomorrow I like the way this one trades it has some great range

Vitesse Semiconductor Corp. (VTSS.PK) 2nd day long on this, the volume is incredible – if it doesn’t crack .29-.30 tomorrow I’m out despite all the volume it’s just not worth the risk vs. reward with this vol it shoulda broken out by now

Mesa Energy Holdings, Inc. (MSEH.OB) is the new NXT Nutritionals Holdings, Inc. (NXTH.OB) … AYME market maker is like BMAS was on NXTH. Shorts tried it today… we should see increased upside tomorrow – it’s either going to crack tomorrow or run into the weekend. My guess is we start seeing the share price increase quite a bit more towards $3 + before we see any collapse, but the days are now numbered…. and shorts tried twice today

AMAROK RESOURCES INC (AMOK.OB) back into the inch mode we all love, careful after tomorrow maybe the sell again before they let it fall back.. they usually let it run 2-3 days then a pull back then back into inch mode… so far so good on this swing

Emisphere Technologies, Inc. (EMIS.OB) nice 52 week breakout 3rd day on the swing for me… relatively light volume but keeps on chuggin’

American Lithium Minerals Inc. (AMLM.OB) keep an eye on this because the recent accumulation, the volume is coming back and it’s a known former runner/pumper/mailer … seems as though it’s starting to work its course back north …

NXT Nutritionals Holdings, Inc. (NXTH.OB) day 2 that its been on scan all day, gapper for me… lets see some continuation – rather beat chart clearly a pump – just a trade sell on weakness

China Crescent Enterprises, Inc. (CCTR.OB) nice breakout today, .0149 average on this – called this breakout and sold some at .0185 when I suggested to do so in chat  -holding 1/4th what I had over … only 50k left

Those that have been trading for a long time may remember some ridiculous runners back in the day. Sure we think NXT Nutritionals Holdings, Inc. (NXTH.OB) was good… Mesa Energy Holdings, Inc. (MSEH.OB) was pretty good too etc. Yea they are great but I’m talking TWTN, CNDD, SGNJ, AHFI, BDYS, BHLL. These symbols traded MILLIONS and MILLIONS and MILLIONS and went nothing but up, squeezing folks all the way. There were SO many sheep back in the day they even have a full website dedicated to it.

Well besides the bullshit of a company WikiLoan Inc. (WKLI.OB) which pouts a PR out every time they bold or italicize a work on their website, or negotiate a “rate” which is standard practice for anyone entering the field they are in …. they press about it. It’s all crap …….. all of it.

Just like all the “next Googles” that came out right after Google Inc. (GOOG) IPO it’s all about having a story that investors can relate to. Why create one when you can just copy some other idea, sell shares, pay pumpers and spam fax!? Very easily pumpable story since Wiki Loan is going to be the NEXT PROSPER.COM!

Just look at the press releases:

WikiLoan Launches Affiliate Program
Marketwire (Wed, Sep 2)

Standard practice …. who cares?

WikiLoan Launches New Feature
Marketwire (Tue, Sep

“Initially our website only allowed users to calculate their credit rating, debt-to-income ratio, set up repayment schedules, and input their terms for the loan. Now through Wikinvite, we are providing users an easier way to reach out to their loved ones for help. The best part is that family and friends can view the listing anonymously removing the awkwardness of determining whether or not to give their loved one a loan,” said Edward C. DeFeudis, WikiLoan president.

Seriously? You can get HTML code to put that on any website…

WikiLoan Clarifies New Feature
Marketwire (Tue, Sep

Yes must clarify so people understand how big this new box on their website is

WikiLoan Adds Data Feed Icons; Company Website Set to Share
Marketwire (Thu, Sep 10)

Great new icons! Stock should go wild!

WikiLoan Signs with Identity Verification Provider
PR Newswire (Mon, Jan 25)

Uh… Hey Wiki I have verification software on my blog too to prevent spammers from registering, should I write a PR about that too?

WikiLoan to Begin Marketing Push
PR Newswire (Wed, Jan 27)

Oh man can’t wait

WikiLoan Renegotiates ACH Fees
PR Newswire (Wed, Mar 3)

Huge, holy crap going to save so much money

WikiLoan Signs Major Deal – Sales May Top $20 Million
PR Newswire (Fri, Feb 19)

Key word “may” … however UNLIKELY

Market Summary

Wall Street was pretty flat overall on Thursday, trading in a narrow range in the premarket and continuing that trend throughout the session. There was enough momentum for the blue chips however to bring its 8th consecutive winning session, tits longest since August. With 21 of the 30 blue chips up, the Dow industrials gained 45.5 points, or 0.4%, to 10,779.17. The S&P 500 Index was pretty much flat as the broader market lost 0.38 point, or 0.03%, to 1,165.83, while the Nasdaq Composite Index ended up 2.19 points, or 0.1%, at 2,391.28 points.

Crude lost 73 cents to settle at $82.20, don’t worry it’s still up 3.19% on the month. Gold gained $3.30 at $1,127.50 an ounce despite the rise in the greenback.

On the Corporate Front

Palm, Inc (PALM) had a nice run during the session today, however got hammered in after hours trading following the release of its quarterly numbers. PALM reported a net loss of $22 million, or 13 cents a share, in the fiscal third quarter, versus a year-ago loss of $98 million, or 89 cents a share.

What really was noticed on the call was guidance for the company’s fiscal fourth quarter, which is expected to be roughly $150 million, or about half the revenue posted for the fiscal third quarter. Yikes! Just no room for Palm’s current product line against the droid or iPhone…

Economic Rundown

The Conference Board reported leading economic indicators rose 0.1% in February, the 11th consecutive monthly advance. The increase matched expectations and followed a 0.3% gain in January.

Weekly Jobless Claims Edge Down

The Labor Department released its weekly jobless claims in the premarket. Initial jobless claims fell by 5,000 to a seasonally adjusted 457,000 last week, the third weekly decline in a row. The four-week average of initial claims fell by 4,250 to 471,250, reversing last week’s rise in the number. Continuing claims rose by 12,000 to a seasonally adjusted 4.58 million. Stocks seem to have shrugged off this data as it was in line with expectations. It is a great time to be a trader, not so much to be an employee!

Keep the Printing Press Going Ben!

Following yesterday’s PPI data, the core Consumer Price Index, which excludes food and energy prices, rose 0.1% to match expectations. Year over year, the CPI is up 2.1% and the core rate is up 1.3%, the smallest increase in six years. The fed has serious wiggle room to continue pumping money into the economy as long as they see fit. More liquidity is good for stocks, while higher inflation is also good for the equity markets. It’s a win win if you are a trader!

Morning Outlook

Futures are heading slightly lower in the premarket ahead of a host of economic data, including weekly jobless claims and CPI data to follow up yesterday’s PPI number. Stocks come into the session sitting at fresh 17 month highs and will look to further extend those gains. Dow Jones industrial average futures fell 1, or less than 0.1 percent, to 10,662. Standard & Poor’s 500 index futures fell 1.60, or 0.1 percent, to 1,159.40, while Nasdaq 100 index futures fell 3.00, or 0.2 percent, to 1,931.00. The dollar is higher against foreign currencies, namely the euro as concern overseas still remains over the prospects of a Greece bailout.

On Wednesday, the DJIA added 47.69 points, or 0.5%, to 10,733.67, as 24 of 30 blue chips were positive on the session. Energy and financials led the S&P to advanced for the 3rd straight day, adding 6.75 points, or 0.6%, to 1,166.21. The tech heavy Nasdaq Composite Index rose 11.08 points, or 0.5%, to 2,389.09.

Currencies and Commodities

The dollar fell 0.0930% at 90.221 yen in the currency market. The euro depreciated 0.4877% to $1.3671 while the pound lost 0.3458% to $1.5272. Gold rose $1.40 to $1125.60 an ounce, while silver lost 0.19% at $17.49. Light, sweet crude fell 62 cents to $82.31 per barrel on the NYMEX; a 0.75% decline.

Economic Calendar

8:30 AM
Consumer Price Index (CPI): Measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly changes in the CPI represent the rate of inflation. The consensus is for a 0.1% increase in February, with a 0.1% gain excluding food and energy. This follows a 0.2% rise in January and could come in on the low end following this weeks number.

8:30 AM
Jobless Claims: New unemployment claims for the week of March 13th , to show the number of individuals who filed for unemployment insurance for the first time. The fewer people filing for unemployment benefits, the more have jobs, the more income in the consumer’s pocket, as well as a forecast on the strength of the economy. The consensus is for an increase of 455,000 for first time jobless claims after falling only 6,000 to 462,000 and driving up the four-week average by 5,000 to 475,500 for the highest level since November. The weekly number has remained stubbornly and persistently high.

10:00 AM
Leading Indicators: A composite index of ten economic indicators that should lead overall economic activity. The consensus is for an increase of 0.2% for the month of February, which would be the lowest reading in nearly 5 months. This follows an increase of 30 basis points in January.

.

Another big day, lotta folks banking, PMs don’t stop with folks learning new stuff and finally turning their unsuccessful trading (aka buying the pumps and holding them til zero) into a successful momentum play and profits strategy.

Some good post to read:

Thresher Industries, Inc. (THRR.PK) “Buy Out” My Thoughts, Hope They Prove Me Wrong

Hey Sheep! The Most Recent Bull Shit Press Releases I’ve Come Across

Super sick move on Washington Mutual Inc. (WAMUQ.PK) today from the LODs, what a squeeze into the final hour, very good chance this pops over .20+ tomorrow – pretty crazy to say the least. These Q’s continue to surprise time and time again. Fuqi International, Inc. (FUQI) gave us some serious profits out of the gate today, $8,000 in 15 minutes for me then a bunch of other trades later on in the day which we nailed, this should definitely be in play for tomorrow. Century Aluminum Co. (CENX) provided a great short later in the day nailing that.. taking profits before it ultimately bounced, those trades viewed here. As you know, these liquid stock I have no problem calling out what I’m doing as it happens, it’s more about the OTCBBs and less liquid stocks that subscribers should be making their own decisions on.

Solid plays on Imaging Diagnostic Systems Inc. (IMDS.OB) even the big warning before the tank for all those that kept wanting to buy… stocks don’t just go straight up, they aren’t always buys… and as you saw today a nice washout into the close. MMR Information Systems, Inc. (MMRF.OB) still holding 1/2 sold some on the gap this morning – then some bid whacking came in – picked some up at the lows .13 ish avg on this. Emisphere Technologies, Inc. (EMIS.OB) hit a new 52 week high today still in and took profits on NanoViricides, Inc. (NNVC.OB) gapper today, was a nice move out of the open, congrats those that played!

Alerts are ridiculous in chat , they are continuing to get better and better, if you’re still having trouble following along in the chat please don’t hesitate to PM me always willing to help! Do me a favor though, if I say I bought and you PM me 20 seconds later asking if it’s a good buy… comon! Willing to help but read the freakin’ chat room too!

Ariad Pharmaceuticals Inc. (ARIA) nice breakout, pharma heating up .. this may have another day in it towards $4+ never under estimate these, but will be looking for both the red/green long play and/or the short play off any big pop and fade action

AMICO GAMES CORP (AMCG.OB) bought this one at .54 pre market and .55 … added a bunch on the dip as I said we should be watching.. big volume hopefully a second day in it… nice action news after close etc etc pump pump pump it up… looking to take profits on a morning rush

BankAtlantic Bancorp Inc. (BBX) from scan last night continued to rock the house… might have a big pop tomorrow and I’d be looking short side

Mesa Energy Holdings, Inc. (MSEH.OB) tick tock tick tock… loving this one though it’s nice to make profits on the side of trading on something you just have to “baby sit” set an alert make sure you’re watching it because we’ve got 2 days left before the weekend, my hunch is it stays up through Friday anticipating mailers hitting hard over the weekend…. blow off next week then we play the tank?

AMAROK RESOURCES INC (AMOK.OB) right out of the day was the first thing on my scan today and inch inch all day… just like MSEH above…. profits on the move in morning then let it trade

BLUE SPHERE CORP (BLSP.OB) found this one early, thanks to chedhed.. these first day ones have been really paying the big bucks… sold some into close if it continues tomorrow great otherwise locking the rest in

Imaging Diagnostic Systems Inc. (IMDS.OB) bought at .0486 .. yes .0001 above LOD … sold some off into the pop and re-aded again at .049 – my though here is (even though it may gap down – relatively low risk) magnet around .05 level worst case I sell evenish

Kongzhong Corp. (KONG) biggggg mover and alert today in chat I really didn’t trade it … – just saw a lot of folks all over it..  but on my radar for tomorrow potential $10 test short watch off big pops

Pacific Capital Bancorp (PCBC) great play today this is what we go over in seminar… was textbook breakout and sell through pop of $2… may have more in the next few days $2.25-2.50+ will have it on a chart to watch for a play

Magic Software Enterprises Ltd. (MGIC) bigggg move now a doubler… watch for a breakout/squeeze let it rip then watch for potential s/s

RXi Pharmaceuticals Corporation (RXII) potential breakout through $7

SUNWIN INTL NEUTRACL (SUWN.OB) nice gapper for us this morning, then a red/green move and nearing in on .40 – may have some more

Clear Skies Solar Inc. (CSKH.OB) potential reversal will give it a chance out of the gate tomorrow – if it doesn’t start moving I’m out of it… as mentioned in chat looking for .08 to hold and potential gapper… it did.. potential swing… if it doesn’t cooperate – I’m out

First Liberty Power Corp. (FLPC.OB) another big day … actually guessed this would happen – ba da bing! if it doesn’t hold gains out of open tomorrow – outskiiiiii but good so far we found this super early

[Mar 16, 2010 12:52:41 PM PDT] InvestorsLive FLPC wonder if it stayed up cuz Beacon does it

[Mar 16, 2010 12:52:56 PM PDT] InvestorsLive they have been doing that … Beacon then StockPreacher… or StockPreacher then Beacon 2 days in a row

[Mar 16, 2010 12:53:06 PM PDT] InvestorsLive that’s waht they did on ALME

[Mar 16, 2010 12:53:14 PM PDT] RichBoy Cable investorSoup also follows

[Mar 16, 2010 12:53:15 PM PDT] InvestorsLive and makes sense as to why its nearing highs

Santa Fe Gold Corporation (SFEG.OB) potential reversal

Market Summary

The blue chips made it 7 in a row, its longest positive advance since December as all three major averages finished positive on St. Patty’s day. Call it luck of the Irish, call it whatever you want but stocks continue to advance on light volume as we head into springtime.

Riding high off of the FOMC statement and PPI numbers from the premarket, which showed a decline in headline prices. The Dow Industrial Average added 47.69 points, or 0.5%, to 10,733.67, with 80 percent of the blue chips positive on the session. Energy and financials led the S&P advanced for the 3rd straight day, adding 6.75 points, or 0.6%, to 1,166.21. The tech heavy Nasdaq Composite Index rose 11.08 points, or 0.5%, to 2,389.09.

Commodities were big gainers in the market today as the greenback slumped. Gold rose $1.70 to $1,124.20 an ounce, while benchmark crude for April delivery rose $1.23 cents to settle at $82.93 a barrel on the NYMEX despite the fact that supply grew by 344 million barrels.

Analysts expected a build of 1.9 million barrels as the EIA released its inventory report today.

PPI Tumbles

Headline PPI fell 0.6 percent in February, more than the 20 basis point decline economists had expected. This is just another sign that the fed has free reign and ample time to keep the printing presses going over at the central bank as long as necessary. So much slack in the economy, prices wont increase until we are at or near full capacity utilization.

The core PPI, which excludes volatile food and energy prices, rose 0.1% last month, which was more than the 0.1% drop that had been expected.

The PPI has risen 4.4% from last year, and the core PPI is up 1% for the same period.

This will be a lesson learned for many people, I’m sure of it…to follow up last nights ….

Hey Sheep! The Most Recent Bull Shit Press Releases I’ve Come Across

Did you notice how they have not yet mentioned the BUYOUT will be in CASH? CASH HAS NEVER BEEN MENTIONED… makes you go HMMMMMMMMMMMMMMMMM ?

This is the scenario in my opinion IF it doesn’t “Fall through” like so many others… cough… PATRIOT ENERGY CORP (PGYC.PK) cough…
Good ol’ Thresher Industries, Inc. (THRR.PK)

Here’s my thoughts….. of how this scam (in my opinion) unfolds

My bet on THRR if the deal doesn’t “Fall apart” like so many… for some “odd” reason … I bet the acquirer is a pinksheet company that is trading $1 dollars per share with ZERO liquidity.

For simplicity let’s say the bid is also $1.00

So say you have 100,000 share at .002 of THRR = $200 worth of stock

At .01 x 100,000 = $1,000 worth of stock = .01 buyout right?

Here’s my guess as to how it would play out:

$1,000 / $1 per share = 1000 shares of new company

Not only will these shares be restricted (in my opinion) … IF and only if they ever get the restrictive legend off the stock will more than likely be .0001-.001 and you can happily sell your 1,000 shares at a price less than the commission it takes to sell them.

Back when I first started trading I fell for a similar thing… this was back in the days of CMKX … and all that good stuff, thought I was going to be an over night millionaire, just like this one… everyone is loading up 10 million shares?  Why not? at .01 will have some nice bankroll !!!! Ya…………..

Not how it happens… here’s a similar situation about 7 years later I still hold 44 shares of the “buyout” and the only reason my TD Ameritrade account is still open because I’m too lazy to send in that I want them to basically throw away these shares and close my account. Yup… all 44 shares… still restricted …

Morning Outlook

It looks to be a green open to the street today, how fitting considering it is St. Patty’s day! Not much on the news front following yesterday’s FOMC statement, while stocks sit at fresh 17 month highs. As the street absorbs that, we will get PPI data later in the premarket. So far in futures trading, Dow Jones industrial average futures gained 37 points, or 0.4 percent, to 10,661. The blue chips have advanced for 6 straight sessions are going for number lucky number 7. Standard & Poor’s 500 index futures are up 4.20, or 0.4 percent, to 1,159.00, while Nasdaq 100 index futures rose 4.00, or 0.2 percent, to 1,932.50.

Stocks finished strong into the closing bell yesterday, with major averages advancing across the board following the conclusion of the fed’s March meeting. The Dow Jones industrial average gained 43.83 points, or 0.41 percent, to end at 10,685.98. The Standard & Poor’s 500 Index rose 8.95 points, or 0.78 percent, to finish at 1,159.46. The Nasdaq Composite Index added 15.80 points, or 0.67 percent, to close at 2,378.01.

Currencies and Commodities

The dollar rose 0.2021% at 90.49 yen in the currency market. The euro appreciated 0.154% to $1.3787 while the pound gained 0.6659% to $1.5344. Commmodities and raw materials made their way higher as the greenback fell. Gold rose $9.20 to $1131.70 an ounce, while silver surged 1.22% at $17.56. Light, sweet crude rose 64 cents to $82.34 per barrel on the NYMEX; a 0.78% gain.

Economic Calendar

8:30 AM
Producer Price Index: The PPI is a measure of the average price level for a fixed basket of capital and consumer goods received by producers. This is a great indicator of the future CPI as producers will eventually pass the costs onto the consumer. The consensus for the month of February is for a decrease of 0.2%, with a 0.1% increase excluding food and energy. Headline PPI jumped 1.4% in January on higher energy and food costs.

Just a reminder to trade momentum and don’t fall for PRs full of crap!

I know there will be 2 billion sheep in Thresher Industries, Inc. (THRR.PK) after today’s volume and heck maybe it keeps going … but just remember ride free shares…

If I’m wrong… so be it … time will tell… I’ve seen so many of these….

Remember PATRIOT ENERGY CORP (PGYC.PK)

Don’t get me wrong I nearly tripled my money on THRR .. I will definitely trade it but that’s about it… those that think its going to .01 or $1 …. will be still holding at .0001 … or post halt. Good luck to all.

Thresher Industries Inc. Moving Forward with Sale of Company

Press Release Source: Thresher Industries, Inc. On Tuesday March 16, 2010, 11:30 am EDT

HANFORD, Calif:, March 16 /PRNewswire-FirstCall/ — Thresher Industries, Inc has been considering an offer that they received on March 9, 2010 to purchase their company. Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets:THRR.pk – News), it was announced that the proposed offer to sell the company was approved. As stated previously, in the opinion of the Board of Directors this offer represents an extremely attractive offer with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries have advised the Board of Directors that they can act on this offer without shareholder approval. The Board of Directors has been in contact with the major shareholders for the company and all parties have agreed with the action of the board to consent to the sale for a price of $0.01 for all outstanding shares. This is a premium price compared to the recent trading range for the company. The anticipated completion and closing of the deal could be as soon as April 10, 2010.

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, “green” foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company’s future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

We’ve seen this before guys… PATRIOT ENERGY CORP (PGYC.PK) remember this one? Remember that buy out? Remember the halt? Oh ya…. too good to be true 99% of the time is… just read the PRs see how it unfolded

Foy-Johnston Addresses the Erratic Trading of Its Shares on the OTC Markets

Press Release Source: Foy-Johnston Inc. On Tuesday March 16, 2010, 11:29 am EDT

DOVER, DE–(Marketwire – 03/16/10) – Foy-Johnston Inc. (Pinksheets:FOYJ – News), the company, has done its own internal audit and investigation of the trading of its stock the past few trading sessions and it has determined with the help of the FINRA website http://regsho.finra.org/FORFshvol20100315.txt, that there is almost 4,000,000 shares that have been naked shorted against the Company’s stock.

The Company with be working with the regulatory authorities to determine the best course of action and to put a stop to this illegal practise that hurts the Company and the Company’s shareholders.

“We are appalled and dismayed at this turn of events, especially as the Company continues its move forward into a new and exciting business. We have been told that this type of activity has been frowned upon by the SEC and we do everything in our power to dissuade market manipulators from hurting our shareholders,” stated Winay Sangsomborn, company president.

We will keep the shareholders and markets apprised as we move forward as we are committed to maximizing shareholder value.

About Foy-Johnston Inc.
Foy-Johnston is a venture capital firm that specializes in discovering and exploiting new technologies that have enormous commercial application and explosive revenue potential. The Liquid Gold International enhanced oil recovery system presents those very qualities that Foy-Johnston’s management team has identified to meet those criteria. Our website is www.foyj.us

This is bull crap, just about every stock on the FINRA list and they all are not being shorted in this manner. It’s called … whoever funded the company has their stock clear and now is dumping it at the cost of every shareholder. As I warned the chat room yesterday a zillion times VERT was laying into it…. hardcore. VERT is a market maker – when stocks are not allowed to naturally bounce (ie: IMDS today pulled back, we played the bounce but it wasn’t maliciously layed into with more and more dumping) its a clear sign to stay away. Every time FOYJ was about to “reverse” all of a sudden a whole bunch of dumps came in to the bid. My point… not only did they dump zillions of shares into their pump that they paid pennystockprofessor.com on …. they were scum bags about it and as soon as the “market” felt it was a fair price and began to reverse that’s when the rest of the shares came out and knocked it to a new low. This is why everyone was warned to stay away.

[Mar 16, 2010 9:58:04 AM PDT] InvestorsLive lol FOYJ news

[Mar 16, 2010 9:58:08 AM PDT] InvestorsLive such scammers

[Mar 16, 2010 9:59:01 AM PDT] grayjamn Foy-Johnston Addresses the Erratic Trading of Its Shares on the OTC Markets

[Mar 16, 2010 9:59:18 AM PDT] InvestorsLive 1 fat lie

Foy-Johnston Further Shareholder Update

Press Release Source: Foy-Johnston Inc. On Tuesday March 16, 2010, 3:18 pm EDT

DOVER, DE–(Marketwire – 03/16/10) – Foy-Johnston Inc. (Pinksheets:FOYJ – News), as a follow up to the press release disseminated earlier today, the Company has subsequently uncovered an additional 10,000,000 shares of the Company’s stock that was incorrectly and unsuccessfully deposited possibly being used in the previously announced short position in the market and has been confiscated in the process.

The company has informed the brokerage firm involved and if any of the stock had been sold they will be responsible to ensure they are able to deliver the sold stock to the new shareholders.

“The Company is committed to delivering long term shareholder value and maximizing on its current business opportunity,” commented Winay Sangsomborn, president.

About Foy-Johnston Inc.

Foy-Johnston is a venture capital firm that specializes in discovering and exploiting new technologies that have enormous commercial application and explosive revenue potential. The Liquid Gold International enhanced oil recovery system presents those very qualities that Foy-Johnston’s management team has identified to meet those criteria. Our website is www.foyj.us

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company’s stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company’s stock is not currently registered with the Securities and Exchange Commission.

A further update… they just HAPPENED to find out that ….. “oh… maybe there is 10 million shares was incorrectly placed” blah blah blah … ok sure… so then Why was there $300k paid and a press release put out? Just “happened” to all come out at the same time? Pleaseeeeeeeeeeeeee

By the way, notice anything between those and Medical Alarm Concepts Holding, Inc. (MDHI.OB) sameeeeee VERT seller dump dump dumping away