As Web's World Turns

[billyjoe]

Webs,
Let us know what happens or will the stock prices tell us ahead of time? Can't remember if you got out yourself. Hope it doesn't effect you negatively.

-------------billy

[Websman]

Webs whats on the watch list? I going to try and be a little more active trading this year.

Just started researching two companies... GEO and CXW. Private prison stocks could make a nice run if the Florida legislature gets their way...


Private-prisons bill advances in Florida Senate
By Steve Bousquet
Herald/Times Tallahassee Bureau
As emotions run high, lawmakers are again fast-tracking privatization of South Florida prisons while the state rushes to shut down seven others, an economic and political one-two punch that is creating anger and anxiety statewide.
The Senate Budget Committee voted 13-5 Wednesday to fast-track privatization of prisons in the southern tier of the state. Correctional officers who were not allowed to testify shouted “Shame, Shame!” as security personnel hovered near lawmakers.
Republican lawmakers are determined to overcome a judge’s rejection of last year’s privatization plan and pass a plan that can survive legal scrutiny. The current proposal, which would amount to the largest expansion of prison privatization in the country, would replace the state with for-profit vendors at 30 prisons in 18 South Florida counties. Only the South Florida Reception Center in Miami-Dade County, a point of entry for inmates, would remain state-run.
“I don’t have a particular bias for public or private,” said Senate Budget Chairman JD Alexander, R-Lake Wales, privatization’s leading advocate. “But I am charged, for one more year, with making every dollar count.”
For-profit prison vendors would be required to run prisons at a cost of at least 7 percent less than what state-run prisons cost taxpayers. Opponents say the savings would be outweighed by the loss of jobs, economic dislocation and lack of accountability.
“You don’t have all the facts,” former state Sen. Ron Silver of North Miami Beach, a lobbyist for the Teamsters Union, told Alexander.
Alexander says cheaper prisons would stave off cuts to schools and healthcare, and the pursuit of privatization has become his final legislative crusade. But opposition is building on multiple fronts.
Correctional officers and unions say privatization is being rushed and will cause widespread disruption to families, where it is common for two or more members of the same family to hold prison jobs.
And opponents are reviving past privatization fiascoes, including overbilling by prison operators and botched outsourcing of prison food services and inmate medical care.
Prisons are not just warehouses for criminals. In the jargon of modern-day politics, they are job creators — especially in struggling small towns where few job opportunities exist. But with the state pinched by a $1.4 billion shortfall and with the prisoner population shrinking, officials say it is a waste of money to keep empty prison dorms open.
Prison guards are incensed that over the past year the Department of Corrections has quietly moved the most troublesome and costly inmates from South Florida prisons to prisons upstate, making the southern prisons more attractive to profit-minded prison vendors. A spokesman for the system, Ann Howard, said 79 inmates in the south are classified as “close management,” out of a total of 10,000.
Silenced by senators Wednesday, the workers became even angrier, until Alexander met with three dozen of them for an hour and listened to their concerns. They included Sarah Babineaux, 40, who earns $32,000 a year after eight years at Martin Correctional, one of the South Florida prisons that would be privatized.
She said she lies awake at night, not knowing where her next job will be.
“It’s stressful,” she told Alexander. “My 17-year-old is looking for a class ring and I don’t know where I’m going to purchase it.”
Herald/Times staff writer Tia Mitchell contributed to this report.
Read more here: http://www.miamiherald.com/2012/01/25/v-print/2608357/private-prisons-bill-advances.html#storylink=cpy

[Larry]

Webs whats on the watch list? I going to try and be a little more active trading this year.

[billyjoe]

Jb

re, jb:

"if the cow never jumps, it's impossible to prove whether or not it actually can or cannot jump over the moon" seeking alpha

-----------billy

[riverbabe]

?

Interesting piece. We know most if not all. Current tho'.http://seekingalpha.com/article/3190...r-can-of-worms

ROFLMAO!! There are some of us here who originally researched a lot of the older stuff (like the original formation of the company, the constant changes of accountants, and those pesky media credits) and had many discussions on piratetraders.com, Spike's old chat board. I swear to God, this writer has Johnny-boy nailed to the wall, and so does the SEC. We remember it all, Johnny. We lived through it. We even almost went to Niagara Falls, Ont. for that shareholder's meeting. Remember, Billy? Remember, Webs? Ski made a bundle. Webs made more. Lyehopper and I just laughed, along with Art, but we also made a few bucks. Billy, well, ouch. Hags? DMK? Who am I missing? Ah, those were the days! When Johnny-boy was in his manic phases. Should I post that picture of him and his brand new bride in front of the NASDAQ neon sign in NYC? Hilarious! Wonder if he's getting treatment yet? Sad sad sad.

[toxo]

JBII sigh I know..

Interesting piece. We know most if not all. Current tho'.http://seekingalpha.com/article/3190...r-can-of-worms

[skiracer]

I do agree, it can be a dangerous slope. I've been burned going that route, and I've learned from my losses. I won't put any money that I don't feel bad about losing on a "gamble" stock.

I wasnt implying you should or shouldnt only an observation and also from experience on my own part.

[bootsmagee]

Boots,
It's fun to play around and great to make money. The only thing I have to say about the penny stocks and making money on them is that it nutures and breeds a subtle willingness in a traders mindset to begin playing them consistently. What I mean is that when you have a couple of big winners you begin to think that is the way to go and you may find yourself, unintentionally, playing them more often and with greater sums of your capital. I'm not saying anyone here is doing that but that it is human nature to gravitate in that direction once you have a couple of good winners.

I do agree, it can be a dangerous slope. I've been burned going that route, and I've learned from my losses. I won't put any money that I don't feel bad about losing on a "gamble" stock.

[skiracer]

I got into a penny myself just for laughs, PVSP. Bought only $150 at .012, it's .032 for today's high so far. It's fun because I don't care if I lose it all, but the chance of it taking off is exciting.

Boots,
It's fun to play around and great to make money. The only thing I have to say about the penny stocks and making money on them is that it nutures and breeds a subtle willingness in a traders mindset to begin playing them consistently. What I mean is that when you have a couple of big winners you begin to think that is the way to go and you may find yourself, unintentionally, playing them more often and with greater sums of your capital. I'm not saying anyone here is doing that but that it is human nature to gravitate in that direction once you have a couple of good winners.

[bootsmagee]

I got into a penny myself just for laughs, PVSP. Bought only $150 at .012, it's .032 for today's high so far. It's fun because I don't care if I lose it all, but the chance of it taking off is exciting.

[Phoenix7]

Webs

Nothing catching my eye just yet, but I'm always looking. ECEC is a gamble, but you never know when it could take off. I held DYER for 3 years before it exploded. It went from .008 to .25 in about two weeks time. The trick with ECEC is to sell it during any run it might make...These kind of plays almost always drop hard and fast after they make a run.

I'll let you know when something comes up.

WEBS True True I like to grab 30%on the HIGH Risk Stox Get Out and never look Back!

I like your line , " almost always drop hard and fast after a run" .......brings to mind a few ladies I had known back in the past.

[Websman]

Hey Webs happy new year. I'm w/ ya on ECEC. Don't ask why! Following your lead. Anything catching your eye as of late? I'll be looking in on you. Thanks!

Nothing catching my eye just yet, but I'm always looking. ECEC is a gamble, but you never know when it could take off. I held DYER for 3 years before it exploded. It went from .008 to .25 in about two weeks time. The trick with ECEC is to sell it during any run it might make...These kind of plays almost always drop hard and fast after they make a run.

I'll let you know when something comes up.

[toxo]

Next big one

Hey Webs happy new year. I'm w/ ya on ECEC. Don't ask why! Following your lead. Anything catching your eye as of late? I'll be looking in on you. Thanks!

[hags]

This was worth a chuckle. Thanks Pete ...er Phoenix!

Ah, a woman's intuition.....

[Websman]

What amazes me is that somebody is actually buying JBII like it's going out of style...seems odd to me.