Archive for March, 2007

Switching gears to the stock market
March 31, 2007

Over the last few weeks I’ve been trying to learn more about the stock market. The reason is that I would like to invest a little bit of money in hopes of turning a profit. Yes, this is a lot like going to Vegas, but I’ve proved twice that you can come out ahead in Vegas if you do your homework. Picking a good stock is all about homework and a little of that Vegas luck.

Not that I’m expert in finances, but as anyone will tell you, always invest in your extended future before trying to make a quick buck. IRA, Roth IRA, 401K, company stock, etc are good ways. See a financial advisor to get it going. This way if the Social Security thing falls through and goes bankrupt, you’ll have a backup in place.

Back to the stocks. I chose Scottrade to do my fun trading online. It’s a cheap way to play with a little bit of money. You don’t have to pay large “fees” for trading stock like you would with a broker. What stocks have I chosen and why? Before I list them, here’s a disclaimer: I am in no way held liable if you chose to invest in these companies, these are not suggestions, only something I thought I would have a little fun trying out. You could lose the money you invest just like I may lose mine. Okay, okay, so what are they? Let’s take a look:

HAL (Haliburton) When you fill up your gas tank think of oil. Oil will always be big money as least in the short term (as in the next decade or so). Sure we are making strides at becoming less dependent on oil, but we have a long way to go. Hal is relatively cheap right now and the market is bullish on it’s return to the top.

SIRI/XM (Sirius/XM Satellite Radio) Are you tired of listening to radio commercials and pointless DJ chatter? Well, so are millions of others which makes this appealing. Unfortunately both companies have spent their last few years in debt and wont be turning a profit until either the end of this year or early next. There’s also talk of bankruptcy that both can’t survive. So why does this look good? How about several car makers installing these radios in the new vehicles you purchase. Also, rumors are, that the companies will merge into one. Approval should happen by October which would make the shares of each surge. If the merge doesn’t happen, both can survive, but the stock won’t pay off as much as it could have.

PTN (Palatin) Looking for the next Viagra? So are many men and women. There is a new drug going through Phase III trials called Bremelanotide which is like super Viagra for men and women that works instantly and without serious side effects. This is actually spawned from another drug called Melanotan II which caused libido increase and instant tanning. Did I just say tanning? See below.

CUV (Clinuvel, Astralian stock, traded as CLVLY in US) This company is also starting Phase III trials of a drug that gives you a tan without the sun and prevents you from getting skin cancer. Can you imagine being fair skinned, never getting the chance to enjoy the sun, and now being able to? That is the hope of this drug.

I have a couple of others, but this is enough to get you started in searching for your own stocks. I believe that you cant go wrong with the health/beauty sector. Just picking out the winners from the losers is the challenge. The idea here is to educate yourself on something new and get a chance to make some “mad money” as Jim Cramer says. Of course, it’s also a chance to lose your life savings if you are not careful. Try out the market, and just like in Vegas, only put in what you are comfortable throwing away in the trash.

AT

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That Storm Produced More Than Rain
March 31, 2007

The storm system responsible for the hectic weather in Oklahoma the last few days has finally moved north and east of us. It was responsible for three tornadoes in the state, one on Wednesday in the panhandle, and two on Thursday, including the one that hit near Yukon. There were two confirmed deaths from the tornado in the panhandle.

Heavy rain was also a product of this storm. Friday was one of the wettest days we’ve had in awhile. Here are some Oklahoma rain reports from yesterday:

OKLAHOMA CITY 4.93
OKLAHOMA CITY/WILEY POST 4.38
VANCE AFB 3.76
FORT SILL AFB 3.36
LAWTON 3.04
PONCA CITY ARPT 2.75
GUTHRIE 2.20

On the northwest side of this storm system rain was not a problem, but snow was. Look at the snow totals in Wyoming from this storm alone:

HOBBS PARK 72.0
HOMESTEAD PARK 55.0
CASPER MOUNTAIN 54.0
CLOUD PEAK RESERVOIR 53.0
TOWNSEND CREEK 46.0
BONE SPRINGS DIVIDE 46.0
ST. LAWRENCE ALT 42.0
HANSEN SAWMILL 41.0
SHELL CREEK 41.0
RENO HILL 41.0
BEAR TRAP MEADOW 37.0
TIMBER CREEK 37.0
MARQUETTE 35.0
SOUTH PASS 34.0
POWDER RIVER PASS 34.0
LANDER 9 S 30.0
BIG TRAILS 30.0
BALD MOUNTAIN 30.0
DEER PARK 28.0
CASPER 12.0

Do you think there’s some skiing going on up there today?

The sun has returned and I’m looking forward to a few quiet days of weather. In fact, the severe weather risk looks pretty low for the next several days.

Rick

Tear down the Ark….
March 31, 2007

OK, you can tear down the Ark, it is isn’t needed anymore!

We still have River Flood Warnings around the state. Check out this graphic from the National Weather Service Website (http://www.srh.noaa.gov/oun/)

This rain was much needed for many dried up farm ponds around the state.
We will see a dry few days with temperatures warming into the 80s by Monday.
Take care and have a great weekend!
Steve Carano
Meteorologist

Record Rainfall in OKC
March 31, 2007

With all the rain today, we officially set a few records:

So far…

3.43″ of rain for the day
That breaks the old record for March 30th of 1.82″ in 1963.
That also breaks the old record for the highest rainfall in a single day for March of 2.84″ in 1988.

7.94″ of rain for the month
That breaks the old record for the month of 7.85″ in 1988.

We may add a little more precipitation before midnight, but any activity is expected to stay below severe limits. The heaviest precipitation will stay across eastern Oklahoma.

Vivek
Weather Intern

New Tornado Watch Out East Until 3 AM
March 31, 2007

A tornado watch is in effect for eastern Oklahoma until 3 AM. It does not include the Oklahoma City Metro.

Here is a look at the watch:

The threat for the metro has decreased significantly. The heavy rainfall threat is also over.

We’ll be watching some development out west very closely, but instability looks very limited even though wind shear is high.

Vivek
Weather Intern

Tornado Warning South of Metro
March 30, 2007

Tornado warnings south of metro for Cleveland and McClain counties.

Continuous coverage on Eyewitness News 5.

Vivek
Weather Intern

Flood Warnings in the Metro
March 30, 2007

Flash flood warnings have been issued in the metro until 7:30 PM with rainfall totals over 3 inches. Flooding is a major concern–don’t drive down a flooded road!

In addition, strong thunderstorms continue across the metro. The storms will contain heavy rainfall and lots of lightning. Funnel clouds or tornadoes can’t be ruled out in any of the storms.

Stay-tuned to Eyewitness News 5 for the latest continuous coverage.

Vivek
Weather Intern

Heavy Rain for the Next Several Hours
March 30, 2007


Here’s the latest information…it looks like the heavy rainfall will likely continue for the next several hours in the metro, but may come to an end between 10 PM and 1 AM.

We’ve had over 1.54 inches officially in Oklahoma City today with more to come. Most areas will see 2-4 inches of rain total with isolated areas even seeing more. Some flooding has been reported in the metro.

Flood warnings continue down across Stephens and Jefferson counties.

In addition, there is still the potential for severe weather as a tornado watch continues until 8 PM across south central Oklahoma.

Vivek
Weather Intern

Heavy Rains and a Tornado Watch
March 30, 2007

Heavy rainfall is falling in the metro as we speak. Many areas have seen at least one inch of rain, and more is on the way. There have already been reports of some isolated flooding in the metro, and we will likely see more flooding as 2-4 inches total is possible.

A flood watch is in effect through Saturday morning, and there are already some flood warnings in effect right along the Red River.

Besides the flooding concern, there is also a concern for severe weather, especially across south central Oklahoma. A tornado watch is in effect until 8 PM.

Here is a look at the watch:

Stay with Eyewitness News 5 for frequent updates throughout the afternoon and evening.

Vivek
Weather Intern

Another Busy Day In Store
March 30, 2007

The Friday edition of Hardcore Weather is on the Web and just waiting for you to take a look.

Today will be another active day with strong to severe thunderstorms across the southern Plains. Storms have already developed in west Texas and those will move rapidly north into Oklahoma by this afternoon. Strong winds, large hail, and isolated tornadoes will be possible. If instability is limited by clouds, heavy rain may turn out to be the most widespread threat. It would not surprise me to see anywhere from 2 to 4 inches of rain in parts of the state today through tonight.

The upper low over the Rockies responsible for this stormy weather pattern will finally move northeast later tonight and tomorrow bringing and end to the storms. There may be a leftover shower early tomorrow, but for the most part we can expecta dry weekend. High temperatures tomorrow and Sunday will be in the 70s.

Monday will be dry, windy and warm ahead of a cold front that will move across Oklahoma on Tuesday. The front will bring cooler weather and a slight chance of showers to the state. After reaching highs near 80 on Monday, much of the state will likely be in the 50s and 60s for much of the rest of the week.

After doing this meteorology thing for 20 years, I’m still seeing new things. Yesterday’s metro tornado will stay in my memory for years to come. Despite not having the typical supercell thunderstorm, a small but strong tornado was produced. We watched yesterday as a fairly benign thunderstorm quickly developed an intense area of rotation near Bethany. About that fast, the tornado was on the ground doing its thing. The intense rotation stayed with the storm until it reach southern Logan county where it weakened about as fast as it had formed.

What made this such a dangerous situation is that the tornado came from very run of the mill thunderstorms. We saw a similar storm near Enid earlier in the week that produced funnel clouds and small tornadoes. These types of situations are very hard to predict, and usually by the time a warning is issued, the tornado has come and gone. Believe me, it can shakes one’s confidence. At a minimum, it reminds us that there is still plenty we don’t know about tornadoes and what it takes to get them going.

Despite the fact the storm developed rapidly, we were on the air showing the rotation before the tornado warning was issued. We tracked the circulation down to street level to give our viewers the most information to keep them safe. I just wish we could have seen it coming sooner, but I’m not sure what else we could have done.

Again, today will be busy with numerous thunderstorms, especially this afternoon and tonight. Keep checking back to the blog throughout the day. Of course, we’ll also be providing updates all day and night on Eyewitness News 5.

Rick