Jenna Bush may support Ron Paul

Laura and Jenna Bush on Larry King Live CNN

When asked which candidate she would support, Jenna Bush said,  “I don’t know.”  Larry King responded, “A-ha! Are you open to…” to which Jenna Bush replied,  “Yeah, of course. I mean, who isn’t open to learning about the candidates and I’m sure that everybody’s like that.”

Since Jenna didn’t say who or what party she supports, we can safely assume that she may support Ron Paul.  Via a write-in campaign, of course.

Supreme court shreds 4th amendment

In yet another example of the federal government trampling on state law, the Supreme Court ruled Wednesday, April 23d that police may use evidence obtained during a search following an illegal arrest (by state law).

City detectives seized crack cocaine from David Lee Moore in Portsmouth, Virginia, in a search of his vehicle following an arrest for driving with a suspended license - which turns out to be an offense for which only a court summons can be issued according to state law. Although the arrest was unlawful, the Supreme Court ruled to allow the evidence to be used in a conviction.

The fourth amendment reads, “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”

A review of the definition of “probable cause” in the Oxford Companion to American Law reveals that probable cause requires that there be “information sufficient to warrant a prudent person’s belief that the wanted individual had committed a crime (for an arrest warrant) or that evidence of a crime or contraband would be found in a search (for a search warrant).” Concerning arrest and search, in the case of the Virginia man, it is impossible to make a connection between any other crime and driving with a suspended license, and therefore is also impossible to suspect that contraband might be found during a search.

Much like the ambiguity in the “thought crimes bill” (H.R. 1955), police officers can now arrest you at will - as long as they suspect that you have committed some crime, however substantiated that belief is - in order to conduct a search following arrest.

The slippery slope of eroding personal liberty and constitutional protection no longer seems like a fallacy. Fourth amendment, you’ll sure be missed.

BDCO breakout!

I’ve been waiting for this.  BDCO (Blue Dolphin Energy Co.) has a habit of consolidating, consolidating, consolidating, then breaking out with huge momentum.  We need good volume today and for it to keep making new highs.

If BDCO can break out of the $1.47-$1.45 resistance, it will break the consolidation pattern beginning in early December.  This could mean strong and fast movement possibly back up to $3.  If it can’t break resistance, it could mean another half a month to a month of consolidation before another chance at breaking out.

BDCO price as of 12:00 PM central is  $1.46.

I am not a financial adviser.  Never buy or sell stock based on my recommendations or analysis; do your own due diligence and consult your financial adviser.

BIDZ update

Since I called BIDZ at $7.19 on March 17th, it is up 32% at $9.50.  Remember, there is big resistance at $10.80 so if it makes it that far, remember to take profits!  Don’t get greedy!

I am not a financial adviser.  Never buy or sell stock based on my recommendations or analysis; do your own due diligence and consult your financial adviser.  I do not hold a position in BIDZ at the time of this posting.