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Not a feel good thing. I have customers here in US who were Russian citizens once, immigrated here LEGALLY, and they tell me of much positive changes overseas and with family still there. These are persons who were educated engineers and had powerful high paying jobs and say so much in US media today is plain false regarding Russia or its people today; and couple of them under last Administration actually told me they wish they were still back in Russia, as they had it better than what was going on under Obama Administration in USA- they had lake house and 2nd homes and money to spend, and under Obama in USA, they (being retired) were experiencing less money to live on and higher costs here to live on...
stockman, After seeing Trump interview yesterday with Joe Kernan of CNBC, taking position here at these absurd low levels. All past trade gaps from last 3 years of charts are also traded through now too.. Russian business climate will now be attractive on many fronts if US & Russia getting along first time in decades...
Tim, with all the negative MSNBC/CNN press about Trump- Putin meeting tomorrow, this stock could well fall below $1.00 ... I just never lived a time where so damn much negativity against a standing President who ACTUALLY is trying to make peace in the world and getting so much work done just within 1st 18 months of term. No OTHER trained trial lawyer type politician we EVER had has done so much ... I've been around since JFK too...
I mean NEVER a single mention of support or accomplishments for good things done already- they are 24/7 mean & ugly & spiteful & hateful and ALL of them just further dividing the USA as a whole to where many people simply so damn sick & tired of their rederick, tuning out and never voting again...
Pig Headed Angela Merkel double-dealing against US with Russia may not come out very well now for anything Russia-related....
We will watch & see here...
Yesterday SEC filing a net-sum-zero at best. Just says they are continuing to do business with established customer. Nothing new here. Not like they were reinstituting dividends for common shares or doing a stock buyback...
Shareholder meeting results were that Shareholders voted NOT to receive a dividend!!?? What nonsense is this to see shareholders voting down receiving a dividend on common shares?? Only their preferred pays any.
Another new 52 week low yesterday. is she going into $2.00's now ???
Yeah this one might have seen better days at this time, I was hoping long term the monthly chart was making an inverted head and shoulders bottom to see the chart go back up, but the ppo just crossed back down below 0.
Oh well using the monthly chart here, verifying on the last week or so near the month close and then place a stop on the low of June I guess. The price is oversold it might come back up a bit so give it a chance. This looks specific to the company not oil overall imho.
Got to know when to come back and regroup for another day. The macd or even the ppo works as the circuit breaker on the time period of the chart traded. When the signal crosses 0 against my position it is to let me know something changed in the marketplace unforeseen, and to be responsive to it with minimal loss.
It happens, no sitting on a position hoping is allowed here. Someone once said trading is a losers game aka the need to manage positions with stop losses and not let something run out of control.
Good luck and good talking to you...
man alive, How low can this go??? Scary what's happening here... Kind like GE today. Sad. And think, this was $30.00 a couple years back..
Oh for a minute there I thought maybe you were part of the problem there whipping things up but I was looking at it as someone glancing through the board. I think 1% of the crowd is the loudest (like how the little dog is the nosiest) on these types of things. Having met people from all over most of them seemed normal and just like everyone else. Well, except one group of people that seem surly right now and have a problem, troubled me in the workplace but that's another story, and they don't spell with Cyrillic.
This media and their cohorts, here these people are going off on Russia this or that but you know nobody can say anything about some other types of people or lifestyle choices etc that are components of their mainstay voter base.... Total double standard to me and I'm not trying to convey anything this is just comparing apples to oranges etc...When I travel it ticks me off people outside the US treat me like I'm all in on this shtuff or something. When in reality I have nothing to do with it or share the same opinions they think I somehow represent. Last decade it was we were all warmongers or some crap and got a lot of dirty looks and sneers from strangers, and it's like what the hell did I do. What is it now I dunno.
Oh well good to know you don't want to put up with this either the best people can do is just their best to go out and meet normal people out there, who aren't focused on the next elections or posturing etc....Now to get people to realize we're all not part of some close knit rabid politicking group, or that we need to be shunned for some policy we never decided on or were consulted about, and see past that that would be meeting me half way. I think some just take it out on the nearest person and don't care so they're not totally thoughtful about it either. Seems to me we have to navigate a bad rep with the political spin on turbo-overdrive and can't do anything really.
Because I was a shareholder and in recent times, tried to warn others thinking this would go back to $30.00 when it is apparent the CEO & Gang do not care about shareholders... Plus other global developments and Liberal US Press/Media still going on 24/7 about "Russia Collusion" at every corner putting bad taste in many peoples' mouths to invest or trust in anything Russian today...
Not a good earnings report sadly. Those Oligarchs who run MTL are going to have to let go of some of their $Billions and reinvest or something...
New 52 week low coming now? Sure looks like it, especially if it drops below that 3.60 gap area on 10 day charts, as no support exists for a long way down...
I hear you... What nobody talks much of, and my wife mentions all the time to me, is what about the Unfunded Liabilities!!??
Hopefully it is being used for this right, or are we still paying companies to outsource with a tax writeoff for example...or you know...let's let a bank write some laws through lobbyists so they can make my tax bill pay for their blown trades...how much is going to all the people subsidized to be sitting at home all day having kids and taking pills etc...
http://www.usdebtclock.org
As far as tax day here in USA, it is every legal citizens' duty to pay fair taxes which support operation of the Government of the Country...
stock as a past MTL investor, what worries me today is Assad/Syria and how Russia/Putin backing them... Russia should not be doing that, but they are??
And if God forbid a war comes between US and them, you could well see immediate Embargos go into effect including "No US citizen able to do business or invest with any Russian entity" and in that case, if you are invested say in MTL or other, your monies lost or locked up in-perpituity too... Happened many times before, including African nations such as Sudan, etc where we as US citizens forbidden to invest or do business... This may be similar case. All is on Syria now and Russia...
Down to 3.00 levels now... if Russia don't stand up against Assad, MTL will be 1.00 in time IMHO...
Trade coming again
I still stay with my earlier prediction about this plus other factors...
I said months ago there is a 3.75 area yet to close from looong ago, and this time may be that time.
I was in this, then got bad feeling and pulled out after about a $2.00 profit taking sidelines a while...
Holy sh!!t that 666 (sign of the devil) close for DOW Friday gave me heeby jeebies too in all honesty.. Could've been any other 3 digit number, but "666"... man that's weird...
They might want to drop to 4.70 before next leg up, but it did stop at the 50ma yesterday....
Looks like the technical bull flag formation going to push this above 7.00 near term???
Nice! just looked at chart
50 gearing up
Looks like short accumulation before breaking thru 6.00 levels... A technical bull flag formed...
Wow, MTL actually got some very supportive news over Christmas...
She's fell to 4.20 4 times since March already... ???
I havent watched MTL that close to track the bids a/h, but I do know they are usually always innacurate as certain MM's "go silent" during off hours, then re-appear before market open... Dont think its an issue...
Still eyeing the 4.20 bottom before I jump back in.
This am TD already has bid set around 2.82 for Open Monday...???
Did you hear the Russkies were responsible for the extinction of dinosaurs?
MTL
waiting for the 4.20 DB
Recent earnings missed -147% from what all the analysts predicted this quarter... Seems like this will fall into upper $3.00's from here...
Long term trend for past year definitely shows downtrend overall- not uptrend...
Will keep watching here...
AND as long as MSNBC & CNN keep going on 24/7 about "Russia collusion stories", anything Russian will see Investors walk away in lieu of risk holding any Russian type stock...
Earnings released Nov 28th....
>>>>>>>>
Mechel PAO (MOEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces that it intends to release its operational and financial results for the nine months period ending September 30, 2017, on Tuesday, November 28, 2017. In conjunction with these releases, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Oleg Korzhov, Chief Executive Officer, will host the call.
The conference call will take place at the following time:
Tuesday, November 28, 2017
6:00 PM Moscow Time
3:00 PM London Time
10:00 AM New York Time
Please dial the number below approximately 10 minutes prior to the scheduled time of the call.
Conference Call Phone Numbers:
International: +44 (0)330 336 9105
US: +1 323-701-0225
Russia: +7 495 213 1767
Conference ID: 8428628
Listeners can access the conference call live over the Internet through a link on Mechel's web site at http://www.mechel.com/shareholders/report/
Please take 10 minutes prior to the call to visit the site and download presentation and any necessary audio software. Additionally, a record of the webcast will be available on our web site.
new trial to begin all over again here::
>>>>>>>>>>>>>
Mechel Reports Reversal of Court Decision
9:30 am ET November 22, 2017 (Globe Newswire)
Mechel PAO (MOEX:MTLR)(NYSE:MTL), a leading Russian mining and metals company, reports a court decision.
According to court information, the North Caucasus Arbitration Court reversed the decision by a first-instance court, as well as that of a court of appeal, to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles in favor of Rostov Electrometallurgical Plant OOO. The case was remanded for a new trial.
Mechel PAO is satisfied by the cassation court's decision and expects that at the new trial, the respondents' defence arguments will be taken into account, and a reasonable and lawful decision will follow.
New restructured loan Friday to repay other debt by??? Not good sign to me. SOunds like a Millenial who overspent parent's credit cards- "Mom, Dad can I borrow money to repay my high interest debt I ran up???
MECHEL REPORTS COURT DECISION’S ENTRY INTO FORCE
Moscow, Russia – September 14, 2017– Mechel PAO (MOEX: MTLR; NYSE: MTL), a
leading Russian mining and metals company, reports a court decision that may have an impact on the value of Mechel PAO’s shares.
According to court information, the Fifteenth Arbitration Court of Appeal left unchanged the decision to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles to recover Rostov Electrometallurgical
Plant OOO’s damages.
Politics may ruin this here.. Already with US focussed on Middle East & NK problems and major hurricanes, Poland's President came out saying Putin ramping up in aggressive fashion, and they are fearing he will try to invade Poland now!!?? This is major event... Cannot be allowed. This is what RUssia did to Ukraine in past if you all remember...
Long term trendlines from highs is still "downward" on this... Now I see a call to below $3.00 from some analyst for the year??
Solid PreMkt and then sold off again during normal hours. Someone or something does not want to see this move up.. All I know is there is a 3.75 gap area from loooong ago, and all the years I watch MTL, it always closes past gaps. Always had. Not sure what will make it do so, but it always has..
US Govt places new sanctions on Russia as of this morning... Putin very upset.
??? Tim, seems to not be able to hold closing above 5.00.... Long term trend since December 2016 is downward if you look at charts..
I still got funny feeling this will drop to around 3.75 area albeit very quickly before any long term maintained upmove can be trusted or seen...
??? They missed last earnings like 150% !! Next is due end of August...
Long term downtrend still in tact so anything can happen... I will buy more only at 3.75 levels at this time...
Seems to be holding its own. Will it pull back first before going higher?
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