Cripple Stock Club

[Andy]

Hey guys, any interest in yapping about stocks? Love to gamble the market? Let's do it!

What are your current holdings? Favorite plays? (long or short)

I'll start with my current list

ATI calls
TIE calls
BA calls
USG puts
Day to day momo calls or puts on QQQQ as the willingness to play market moves suits me.

(I'm primarily an option trader, so next week these might change ;) )

[danius]

Yep, Im not too happy with them because they are just penny stocks. AXYX, which is a Pharm. and its down 50% since purchase. LU, which i think everybody has a few hund shares. CHTR, which I bought for 98 cents a share and hold the most of, hoping because its primary share holder is Paul Allen it will go up eventually. VTSS, a semiconductor company which is down about 40% since i bought as well:(. Plus a few other penny stocks. I am pretty much long on all of them. I made some good money on LU and CHTR a few years back. I am looking at SDRC.PK because its a gold mining outfit in Montana and it is at an all time low right now. I got some inside info that it should be at 3.00 in about 3 months. Right now its sitting at .078, sooo tempting to put a couple grand into it.

danius

[snowwheels]

Holdings as of 30 June 2006

Managed by J P Morgan Private Bank, Boston

Stocks
Apple Computer - AAPL
Advanced Micro Devices - AMD
Archer Daniels Midland - ADM
Avalon Pharma. - AVRX
Bank of America - BAC
Boeing Co. - BA
Boston Scientific - BSX
British Petroleum - BP
Cablevision System - CVC
China Mobile ADS - CHL
The Chubb Co. - CB
The Coca Cola Co. - KO
Credit Suisse Group - CSR
Cubist Pharma. - CBST
Dell Inc. - DELL
EMC Co. - EMC
Exxon Mobil - XOM
General Dynamics - GD
Genzyme Corp. - GENZ
Google Inc. - GOOG
Hologic Inc. - HOLX
International Business Machines - IBM
Lucent Technologies - LU
Marathon Oil - MRO
Millenium Pharma. - MLNM
Novartis AG - NVS
Raytheon Co. - RTN
Robert Half International - RHI
Royal Dutch Shell - RDS.B
Sunoco Inc. - SUN
Union Bank of Switzerland - UBS
Verizon Communications - VZ
Wyeth - WYE

Funds
Fidelity Aggressive Growth Fund - FDEGX
Fidelity Magellan Fund - FMAGX
Fidelity Large Cap Growth Fund - FSLGX
Fidelity Strategic Growth Class A - FTQAX
Fiduciary Core Fixed Income Fund - FCFIX
Fiduciary Large Capitalization Growth and Income Fund - FLCIX
Lazard International Equity Select Open Shares - LZESX
Lazard World Dividend & Income Fund - XLORX
Lazard Global Total Return and Income Fund - XLGIX
Lazard U.S. Strategic Equity Portfolio Open Shares - XLGIX
Lazard High Yield Portfolio Open Shares - LZHOX
Northern Funds Technology Fund - NTCHX
Northern Funds Tax Exempt Fund - NOTEX
Northern Funds Mid Cap Growth Fund - NOMCX
Northern Funds Emerging Markets Equity Fund - NOEMX
Northern Funds Small Cap Index Fund - NSIDX
Northern Funds Income Equity Fund - NOIEX
Northern Funds High Yield Fixed Income Fund - NHFIX
Vanguard Growth Fund - VUG
Vanguard Information Fund - VGT
Vanguard Wellington Fund Admiral Shares - VWENX
Vanguard Short Term Tax-Exempt Fund - VWSTX
Vanguard Massachusetts Tax Exempt Fund - VMATX
Vanguard Inflation Protected Securities Fund - VIPSX

[Broknwing]

I have somewhere in the neighborhood of 700 shares of Anheuser Busch stock. :D Have had it since I was an employee of Sea World and enrolled in my 401K. It's a nice secure stock to own, I can't actually do much with it if I wanted to(which I have no desire to anyway) w/out penalties b/c of the 401K status. Being that it's a 401K and the way it's set up w/A/B my quantity of stock continues to grow as it sits there. :D No complaints from me....

Other than that, I don't have any stocks....but by golly I love my BUD stock :D:D:D

[kkmay]

Holdings as of 30 June 2006

Managed by J P Morgan Private Bank, Boston

Stocks
Apple Computer - AAPL
Advanced Micro Devices - AMD
Archer Daniels Midland - ADM
Avalon Pharma. - AVRX
Bank of America - BAC
Boeing Co. - BA
Boston Scientific - BSX
British Petroleum - BP
Cablevision System - CVC
China Mobile ADS - CHL
The Chubb Co. - CB
The Coca Cola Co. - KO
Credit Suisse Group - CSR
Cubist Pharma. - CBST
Dell Inc. - DELL
EMC Co. - EMC
Exxon Mobil - XOM
General Dynamics - GD
Genzyme Corp. - GENZ
Google Inc. - GOOG
Hologic Inc. - HOLX
International Business Machines - IBM
Lucent Technologies - LU
Marathon Oil - MRO
Millenium Pharma. - MLNM
Novartis AG - NVS
Raytheon Co. - RTN
Robert Half International - RHI
Royal Dutch Shell - RDS.B
Sunoco Inc. - SUN
Union Bank of Switzerland - UBS
Verizon Communications - VZ
Wyeth - WYE

Funds
Fidelity Aggressive Growth Fund - FDEGX
Fidelity Magellan Fund - FMAGX
Fidelity Large Cap Growth Fund - FSLGX
Fidelity Strategic Growth Class A - FTQAX
Fiduciary Core Fixed Income Fund - FCFIX
Fiduciary Large Capitalization Growth and Income Fund - FLCIX
Lazard International Equity Select Open Shares - LZESX
Lazard World Dividend & Income Fund - XLORX
Lazard Global Total Return and Income Fund - XLGIX
Lazard U.S. Strategic Equity Portfolio Open Shares - XLGIX
Lazard High Yield Portfolio Open Shares - LZHOX
Northern Funds Technology Fund - NTCHX
Northern Funds Tax Exempt Fund - NOTEX
Northern Funds Mid Cap Growth Fund - NOMCX
Northern Funds Emerging Markets Equity Fund - NOEMX
Northern Funds Small Cap Index Fund - NSIDX
Northern Funds Income Equity Fund - NOIEX
Northern Funds High Yield Fixed Income Fund - NHFIX
Vanguard Growth Fund - VUG
Vanguard Information Fund - VGT
Vanguard Wellington Fund Admiral Shares - VWENX
Vanguard Short Term Tax-Exempt Fund - VWSTX
Vanguard Massachusetts Tax Exempt Fund - VMATX
Vanguard Inflation Protected Securities Fund - VIPSX

your portfolio must be worth nearly $1 million

I am a short term trader. Never use options before. Doing this for a year now.

[wazabiker]

I do not "play" the stock market, but I certainly invest in stocks. All our holdings are long, and I recently went to a large postion of cash, just before the market drop--cashed in about a third of our holding when the maraket was above 11,000. We like energy stocks, older, solid producers such as BP, Chevron-texaco, Chesapeake Energy, Exxon, Global Santa Fe, NSTAR, Nabors, Remington (now Helix). Plus Archer Daniels as an ethanol producer. Also have General Dynamics, Manulife, PHH, Verizon, Wrigley and some mutuals. Will begin buying again soon. Many of my stocks have been held for ten to twelve years. I'm an investor, not a gambler.

Rob Banks

[PeteShick]

Stocks always get me excited. It got crazy for me. I got obsessive about investing. It was nuts! Very profitable but not healthy. Now, for all practicle purposes, I've retired from trading. Life is fantastic! No stress. I hold a substantial position in WRES for growth, among others for income. I had many, many shs of CELG held from '97-'98 then split 3for1 then split 2for1. I used to trade the heck out of it long and short. It was soooo volatile. Like takin' candy from a baby. CELG was very good for me.
I'm 47. I've started spending some of the money I've made.
I still dabble writing calls occasionally on my larger holdings and I trade a few HIGH-risk pennies to build "free" long positions. Mostly otc. My favorite, formerly GTEL on the otcbb is now on AMEX as...
GTE!

OK, Cripple Stock Club? Let's each pick a stock, priced as of "July 4th" 2006. I pick GTE with awesome potential @ 1.21 today. When it moves... IT MOVES. We'll check prices on 12/31/2006.

[Andy]

End of year, that takes some thought...but I will stick with my favorite money maker...TIE. Yeah, it went parabolic not too long ago, but at today's price it is fairly ok valued considering growth. That and the CEO and his holding companies have an insatiable appetite to buy TIE stock, something is up there. I like it too for the volitility, rode it up, and rode it down. TIE bought me a car too, its that good :D . I show todays close at $34.69. Holdings are a bunch of far out calls (I'm probably a little early to go in, things might be flat or down for a bit, but I am bullish. If bear market comes in, well, ya win some, ya lose some)

I'm not really an 'investor', I'm just along for the ride. If I invested in something I would do real estate or something tangible.

[snowwheels]

[QUOTE=kkmay]your portfolio must be worth nearly $1 millionQUOTE]


It's nowhere close to 1 million, The F-Mag alone is at 1.5

[Andy]

Ok market fans...hot tip time.

As I posted before, I have USG puts. If you guys have been following USG and their issuing of rights to purchase additional USG shares at $40 for stockholders of record at the end of June, you will see there is some money to be made here. What all this rights offering mumbo jumbo with Bershire Hathaway backing the purchase of all the rights is simply a secondary offering. A doozie of a secondary offering I might add. This will double the amount of outstanding shares of USG and that extra amount of the outstanding shares are valued at $40! If you guys have been watching the price action this week, you will see there is some major tanking going on. As of todays close, USG is at $50.63, the rights (USGRT) are at $10.80. Add them together for an equivalent post rights excersize value of $61.43 at today's close. A wee bit higher than those $40.00 shares starting to flood the market, eh? :D Basically a smoke and mirrors secondary offering, and I believe that this one still has some legs to the downside yet even after this week's tanking. Rumor has it shortable shares are hard to come by depending on your broker, so the best way to play this is with Puts (current rights adjusted options trade under -USJxx, they include the common and the rights). I'm nicely loaded up with July expirations, I wouldnt go further out than that as the premium is astronomical due to what is going on. Happy jackpot trading guys!

[danius]

SDRC is the ticker symbol. It is supposed to have some good news coming out today. I loaded up about 3 months ago when it was about .05

[Andy]

Holy back from the dead thread! Amazing 'hand of god' rally since this thread started, eh? I guess the elections are over, the GS commodities index shuffle and its effect on gas prices sorted out, and now were are at a crossroads. Monday the indexes held at the trend line, Tuesday the hedgie war broke out (you could see the shots being fired watching the chart stream, who had the biggest guns, LOL). The rest of the week, well, who knows. My paranoid thoughts are the election is over...so no headline risk of the market and its perception of it being the economy not being gloriously perfect. Current holdings: CSCO, NYX, CROX calls, I'm playing the short squeeze momentum thesis lately. I did play some interday puts on QQQQ Monday, nice 1 point drop eh? We'll see if the rally continues...

[kkmay]

You and your options! I wish my broker would allow me to do naked calls. I was practicing on CBOE.com with a virtual account just buying calls and puts. Damn it is easy money compared to just straight out buying the stock. I'll reapply in January to see if they would allow me or I'm changing. Covered calls are not for me because I do not hold them that long.

[divin'darren]

I currently have:
Cisco CSCO
Chevron CVX
Borders BGP
Fannie Mae FNM
Corning GLW

I have about $2,500 spread pretty evenly across them, but am considering Johnson & Johnson.

[Andy]

CSCO, cool, I like it lately :D
GLW...20,26,20,26, that is almost like a broken record...but it should be a good holiday shopping hype stock for you.
Now NYX...gotta plan around today's possible bounce, analcyst commentary piled the sellers on that one for me, LOL

[PeteShick]

I had forgotten about this thread. Now I got it again. Thanks.

ACOR baby! ACOR!! IT'S BEEN OVER $20. I accumulated at an average~$3 after initially posting to this thread. My penny pick sucked! But ACOR!! It's thanks to carecure. I would have never known. HA! retirement's awesome...
MY POST FROM 10/06
http://sci.rutgers.edu/forum/showthread.php?t=59557
Acorda therapeutics!!!!
Anybody else own ACOR?? Besides Wise.

I joined CC in April '06 and through this site I found out about Acorda Therapeutics. I spent about $100+k and accumulated 35,000 shares of ACOR in July and August as part of my speculative portfolio and I put it away figuring it's an investment in getting on my feet. I'm up over $400,000 on ACOR alone!! But I'm not selling or trading this one. Looking to the future! edit: I just sold 15,000 sh @ 16. YIPPEEE. STILL RIDING 20,000 ACOR plus huge profits realized!!

just couldn't contain myself! it's exciting!
Last edited by PeteShick : 10-06-2006 at 11:59 AM.

[garyv]

Look into AIG looks like it is going to be a big year end quarter with a lot of new products ( policies) that just came out this quarter and did well ,
Hoping it at least gets to the $80.00 range by year end some say could hit $100 though by the end of the year , I just got a few shares at $70 this morning..
Never know might make 25% by the new year..
I have done pennies but lost more than I made . It is fun to watch a stock do 1000% in a day though,,,I only had one of those went from .0005 to .01 in a day my $200 investment went to $5000 in a few days , but just like the casino gave it back a week later...
Stocks are fun but you gotta stay on top of the high risk stuff to make a buck..
GaryV

[kkmay]

Coal is hot right now.

[danius]

Do any of you guys dabble foreign exchange? I have a friend who uses Forex and is consistant on making a fair amount of profit.

[Andy]

ACOR baby! ACOR!! IT'S BEEN OVER $20. I accumulated at an average~$3 after initially posting to this thread. My penny pick sucked! But ACOR!! It's thanks to carecure. I would have never known. HA! retirement's awesome...
.

Good job, kinda like trading options. Kinda would be nice if you could see the next week's chart sometimes, eh? :D I'm a well known detractor of ACOR around these parts now...and my advice is keep your eye on it, I'm calling it a pump and dump scheme. Latest form 4's show ACOR exec's hemmoraging their holdings to the tune of 7 million, thats getting close to 2% of the market cap, and ACOR isnt 'buying' them back. And all the IPO broker's paid analysts have already made their 'super strong buy NOW' recommendations, so no more momentum there. If that thing shows weakness, take your money and run. Fundamentally this thing is riding on thin air, and speculatively questionable also (I dont think much of 4AP or the results of trials thus far). How's that for a wet blanket? LOL

Looks like the 'hand of god' rally is still in place, not too sure if NYSE floor trading getting botched caused the late day clean up rally today or the hand of god is propping the market up again. The millions of index share dumping across both exchanges in the final minutes made me scratch my head, but I'm comfortable being long still. My darling NYX closed at $100 today, damn fine recovery I must say.

[divin'darren]

CSCO, cool, I like it lately :D
GLW...20,26,20,26, that is almost like a broken record...but it should be a good holiday shopping hype stock for you.
Now NYX...gotta plan around today's possible bounce, analcyst commentary piled the sellers on that one for me, LOL

Yeah, I'll probably dump Borders and Corning at the end of the year. I'll hold on to the others, especially CHEVRON, leading the oil rally.

[kkmay]

Yeah, I'll probably dump Borders and Corning at the end of the year. I'll hold on to the others, especially CHEVRON, leading the oil rally.

what is your time frame for holding stocks?

[divin'darren]

Honestly, I'm not sure. I think Chevron and especially Cisco will be a good buy for a long time. I plan on owning 5-10 stocks at a time, keeping 2-3 long term and swapping a few others in and out. I'll see how it goes,

I'm really just trying to learn as much as I can about the market, I'm a finance major.

[kkmay]

I just taught myself from the Internet.

[divin'darren]

I just taught myself from the Internet.

Taught yourself...what, the market? You know everything there is to know already?

[kkmay]

Taught yourself...what, the market? You know everything there is to know already?

Not everything for I do not know what everything includes. It just takes time and effort. No need for school for this stuff. At least that's what I think.

[Andy]

Hmm, ISM officially says contraction today...do we hear a correction knocking at the door? I'm not long anymore.

[kkmay]

I don't think so. I wouldn't be surprised if we see a small rebound before the close.

[Andy]

Maybe, but how about longer term. Up volume decreasing, down volume increasing, tired looking run, bearish data. Wanna short this chart? Do you feel lucky punk, well do ya? LOL

[kkmay]

All I can say is glad I got into crude back in September.

[divin'darren]

Not everything for I do not know what everything includes. It just takes time and effort. No need for school for this stuff. At least that's what I think.

A degree in Finance includes a little more than learning about the market.

[kkmay]

A degree in Finance includes a little more than learning about the market.

I don't care because what I know so far is making me money.

[danius]

never mind that one

[kkmay]

I didn't mean it like that. Perhaps I come off too strong. Basically I meant school is not for me and I don't want to get more confused than sometimes I already get. I wasn't trying to put down you trying to explain what a finance degree includes.

[PeteShick]

This is a fantastic opportunity. It's green technology, wind, hydro, and solar. http://www.3powerenergy.com/index.html Do your research now! http://investorshub.advfn.com/boards/board.aspx?board_id=4863 Get in this week. This stock is gonna fly! It's currently @0.181 that's eighteen point one cents! By FEB 25th it'll be too late to buy cheap.
This is high-risk! but remember risk=reward...
alpha DD http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59577558

[PeteShick]

OK, it's February 26th, the stock PSPW ended last week yesterday @ 0.335! that's thirty-three and a half cents! We've seen NOTHING yet. PSPW will be over $1 next week on it's way to $10 this year and a NASDAQ listing.
I'll update here as it goes up! :beer2: it will!!!
edit:
Got a delay on the events occurring, another month but the stock should hold up fairly well. We'll see...

[PeteShick]

Closed today @1.74! HA! I called it here in February @.18! And I was right!
I've met only one person from carecure who had the balls to buy it @.18, and he bought a lot of it, and some more a little higher. He is one happy man with insanely huge gains tonight! As am I! And this has only just begun! A big life changer! PSPW ROCKS!! My best hit ever!
It's still a screamin' buy! Don't miss the boat! It'll be leaving the dock on Monday morning. Get in tomorrow!! Anything under $2 is a cheapie! Last call.

[Scaper1]

Nice one! This has been a brutal trading week for me. Utter carnage.

[Donnie]

Long QIHU and SODA. Both reporting earnings soon.

[Donnie]

Long QIHU and SODA. Both reporting earnings soon.

[PeteShick]

PSPW now $1.97 per share! Officially a 10 bagger so far! And it's barely just begun.

[tooley]

I remember that one... and I kick myself everyday for not listening to you. To think it started at like 0.07

[Scaper1]

There's major volatility on that bad boy.

[PeteShick]

Today and yesterday were brutal! Took a major haircut! Lot of trading on it. Got ahead of itself. But it will recover soon and be solid. It peaked @$2.48 yesterday. I've got a ton of shares. I trade some but hold most. It'll be over $3 soon. Now hammered to $1.17 on the ask. I added shares today. For trading. I'll grab more tomorrow if it dips more. Like candy from a baby! PSPW is going to be huge. It's SOO the real deal!
The Super 8K was filed on Friday. Lot of reading. It's incredible.
http://www.sec.gov/Archives/edgar/data/1221554/000114420411029163/0001144204-11-029163-index.htm

[PeteShick]

Today I also bought 50k more COBI @~.15 and I already have 100k @.10 average. Closed @.30 today. Should be strong this week but risky. HEP C drug coming there.

My other favorite is WSGI. Now @.13 and looking for a move up soon. Possibly $1 by year end. Got 1 million shares of that @.07. Some dilution coming in June.
I love the game. Been successfully trading pennies for years...

[Donnie]

Pete, I highly doubt you've been successfully trading penny stock for years.. No offense, but everyone gets burned in those eventually.. If you're right I want to learn.

[PeteShick]

Donnie, are you serious?? I've nothing to prove but I've plenty to show for it! I respect that you have doubts but you want to talk serious TA? I can go there. I just called a stock @.18 that went to $2.48!! Get a grip bro!! You think I didn't trade that? PFFFT!! Of course I've had losses too but at age 40 I retired comfortably from Proprietary trading. OK?? Since then I've been trading momentum in pennies for myself. Yes, successfully! i'm now 52. Good luck man! Money is being made every day! Join the club. I almost never tout stocks but PSPW has a future.


COBI 10K finally filed today. Shows nothing. Once the HEP C vaccine comes and gets approval it's Rock n Roll! May make for a great trade. Patience...

I'm out o' here!
May you find a way to prosper! I have! Thank you.

[PeteShick]

sZHCVyllnck&feature=player_embedded
Pete, I highly doubt you've been successfully trading penny stock for years.. No offense, but everyone gets burned in those eventually.. If you're right I want to learn.

[PeteShick]

100k shares @.055
watch it go up... high risk.
Totally psyched about PSPW! It'll trend up now nicely.

[PeteShick]

Closed @.30 again on Friday after dipping back to .11 earlier in the week. It might have some good momentum to trade again next week. And WSGI started showing some strength yesterday too. Decent bid support on L2 all day. June will be great for WSGI. Closed @.14 .
PSPW has bottomed and accumulation has turned up. Closed @ .90 Friday and I call a strong buy on it for long-term or for trading in the near-term.
Today I also bought 50k more COBI @~.15 and I already have 100k @.10 average. Closed @.30 today. Should be strong this week but risky. HEP C drug coming there.

My other favorite is WSGI. Now @.13 and looking for a move up soon. Possibly $1 by year end. Got 1 million shares of that @.07. Some dilution coming in June.
I love the game. Been successfully trading pennies for years...

[TheRainman]

PSPW now $1.97 per share! Officially a 10 bagger so far! And it's barely just begun.


You got to be kidding me. I just looked at this company if you can call it one. This shell has no assets just large debt. Whats going on here is a market maker is pushing this crap and once he leaves so will everybodies money who is left holding there shares.

You know when GM went bankrupt and there shares went worthless they stayed trading as high as 2.00 for a couple of months even knowing they were worthless. Those shareholders didn't get any of the new GM shares.

[PeteShick]

HA! You clearly have not followed the developments. Yes there has been a lot of trading and money made and there's been a healthy price consolidation. The MM's are indeed sharks but you can learn to swim with the sharks in the sea of abundance as I have!!
You're not looking deeply enough. It's no longer a shell!! Why don't you read ALL the filings here http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001221554&type=&dateb=&owner=include&count=100 specifically the latest 8K's including the Super 8K.
Stay tuned and you'll realize your ignorance on 3POWER Energy Group. May you learn and prosper... or not! It is a choice. Good luck to you! :lolz:


You got to be kidding me. I just looked at this company if you can call it one. This shell has no assets just large debt. Whats going on here is a market maker is pushing this crap and once he leaves so will everybodies money who is left holding there shares.

[t8burst]

BTW Pete, thanks for this tip. I punched out after it was a two bagger (Its just an investing rule of mine) but it made me a nice little chunk of change.

[PeteShick]

for a fast taxable gain of $6,000.
So I've got $480 + 50k shares of GTGP for free!
It may go over .20 next week and I'll sell the rest.

100k shares @.055
watch it go up... high risk.
Totally psyched about PSPW! It'll trend up now nicely.

Also sold 50k COBI @25-.26 and reloaded @.10-.12

It's fast, easy money. I feel badly for the people who don't know what they're doing trading pennies. They lose money therefore they are LOSERS! It's very easy to profit quickly with even only a little bit of money in the game as I have just shown! Good luck to all who read this and may you all choose abundance! I will update on PSPW here, otherwise I'm done with this thread and garnering negative responses from those who don't choose to live in the LIGHT! LIFE ONLY GETS BETTER! <--That's an attitude that becomes a self-fulfilling affirmation. Try it! It's FREE!

[PeteShick]

Congratulations and thanks for the positive post T8! Can never argue with a profit!
BTW Pete, thanks for this tip. I punched out after it was a two bagger (Its just an investing rule of mine) but it made me a nice little chunk of change.

[Scaper1]

Pete, please keep the tips coming!

[TheRainman]

HA! You clearly have not followed the developments. Yes there has been a lot of trading and money made and there's been a healthy price consolidation. The MM's are indeed sharks but you can learn to swim with the sharks in the sea of abundance as I have!!
You're not looking deeply enough. It's no longer a shell!! Why don't you read ALL the filings here http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001221554&type=&dateb=&owner=include&count=100 specifically the latest 8K's including the Super 8K.
Stay tuned and you'll realize your ignorance on 3POWER Energy Group. May you learn and prosper... or not! It is a choice. Good luck to you! :lolz:


This statement came your link you proided. Let us know what you see that looks positive about this shell.



March 31,
December 31,
2011
2010
ASSETS
Current Assets
Cash
$142 $142 Total Current Assets and Total Assets
$142 $142 LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current Liabilities
Accounts payable and accrued liabilities
$1,198,738 $1,202,420 Advanced deposit
242,921 242,921 Note payable - finance company
660,073 660,073 Accrued management services - related party
937,500 833,333 Accrued interest - related party
83,122 78,270 Accrued interest - note payable - finance company
58,275 46,204 Loan from shareholder
250,599 196,414 Total Current Liabilities and Total Liabilities
3,431,228 3,259,635 Stockholders' Deficiency:
Common Stock, par value $.0001 per share
100,000,000 shares authorized,
40,114,900 shares issues and outstanding at
4,011 4,011 March 31, 2011 and December 31, 2010
Additional paid in capital
555,738 377,157 Deficit accumulated during development stage
(3,990,835) (3,640,661) Total Stockholders' Deficiency
(3,431,086) (3,259,493) Total Liabilities and Stockholders' Deficiency
$142 $142


See Notes to Financial Statements












3Power Energy Group Inc.
formerly known as Prime Sun Power Inc.
(A development stage company)
Statement of Operations
(unaudited)


Accumulated from
Months Ended
December 18, 2002
March 31,
(Date of Inception)
to March 31,
2011
2010
2011
Revenue
- - - EXPENSES
Consulting and director fees
- 34,627 280,425 Professional fees
25,462 50,000 929,797 Management services - related party
104,166 104,167 937,500 Personnel costs
20,054 19,843 661,950 General & administrative
4,988 18,998 237,657 Land licensing and development fees
- - 428,980 Interest expense
16,923 18,290 142,423 Gain on debt settlement
- (14,176)Non-cash compensation
178,581 631 386,279 Total Expenses
350,174 246,556 3,990,835 Net Loss
$(350,174) $(246,556) $(3,990,835) Basic and Diluted Loss Per Share
$(0.01) $(0.01) Weighted Average Shares Outstanding
40,114,900 40,114,900



See Notes to Financial Statements












3Power Energy Group Inc.
formerly known as Prime Sun Power Inc.
(A development stage company)
Statement of Stockholders' Deficiency
For the Period from December 18, 2002 (Date of Inception) to December 31, 2010
(unaudited)


Deficit
Accumulated
During the
Common Stock
Additional
Development
Shares
Par
Paid-in Capital
Stage
Total
Balance - December 18, 2002
# Value ($)
($)
($)
($)
(Unaudited)
Common stock issued for cash at
$0.0001 per share
28,000,000 2,800 (2,400) 400 Net loss for the period
(21,990) (21,990)Balance - December 31, 2002
28,000,000 2,800 (2,400) (21,990) (21,590)Net loss for the Year
(24,216) (24,216)Balance - December 31, 2003
28,000,000 2,800 (2,400) (46,206) (45,806)Net loss for the Year
(13,398) (13,398)Balance - December 31, 2004
28,000,000 2,800 (2,400) (59,604) (59,204)February 14, 2005 - shares
issued for cash at $0.10 per share
12,114,900 1,211 171,859 173,070 Net loss for the Year
(18,609) (18,609)Balance - December 31, 2005
40,114,900 4,011 169,459 (78,213) 95,257 Net loss for the Year
(16,167) (16,167)Balance - December 31, 2006
40,114,900 4,011 169,459 (94,380) 79,090 Net loss for the Year
(56,129) (56,129)Balance - December 31, 2007
40,114,900 4,011 169,459 (150,509) 22,961 Non-cash compensation
52,959 52,959 Net loss for the Year
(697,924) (697,924)Balance - December 31, 2008
40,114,900 4,011 222,418 (848,433) (622,004)Non-cash compensation
154,108 154,108 Net loss for the year
(1,992,470) (1,992,470) Balance - December 31, 2009
40,114,900 4,011 376,526 (2,840,903) (2,460,366)Non-cash compensation
631 631 Net loss for the period
(799,758) (799,758) Balance - December 31, 2010
40,114,900 $4,011 $377,157 $(3,640,661) $(3,259,493)Non-cash compensation
178,581 178,581 Net loss for the period
(350,174) (171,593) Balance - March 31, 2011
40,114,900 $4,011 $555,738 $(3,990,835) $(3,252,505)


See Notes to Financial Statements

[TheRainman]

Pete, I like companies with zero revenue and less cash then I carry in my wallet every day.

[PeteShick]

you're looking in the wrong place. I won't argue with you Rainman. What you posted is accurate. It's simply not the whole picture by far. Good luck to you. I'm glad you make your own choices and do your own DD. So do I. I added more PSPW today among buying and selling others! A gap @.50 may backfill briefly but who knows?? News of the latest developments will trump the price action imo. Also up huge in WAMUQ, VLCO, and just added MFTH. I'll update on PSPW. Goodbye.