SDTH tire contract

ShengdaTech Secures NPCC Purchase Order from a Major Chinese Tire Manufacturer
Thursday October 2, 9:01 am ET

"ShengdaTech's proprietary method of producing NPCC using the advanced membrane-dispersion technology ensures its superior product quality Use of the Company's NPCC product provides approximately 10% to 20% overall improvement in the tire's performance, measured by increased traction wave resistance, tear resistance, brake elongation, tensile strength and aging resistance. In addition to improved performance, the use of NPCC reduces the overall tire manufacturing cost by about 3%.
"
http://biz.yahoo.com/prnews/081002/lnth502.html?.v=1


yahoo message board sez Sinotruk is the manufacturer:
This year Sinotruck aims to produce 125,000 units of heavy-duty truck and reach 45 billion yuan in sales revenue. The company also plans to take one-third of the domestic market by 2010, and upgrade one-third of its products through technology innovation by the same year.

http://chinadaily.cn/bizchina/2008-08/02/content_6898809.htm

they have a relationship with Qingdao doublestar Tire Industrial Co., Ltd. and published a paper about NPCC's advantages in tires

website has been slicked up
http://www.shengdatechinc.com/

Soros' rescue idea

Famed hedge fund manager and billionaire George Soros on Wednesday offered his opinion of the financial bailout plan currently before the Senate: "[It] was ill-conceived -- or more accurately, not conceived at all," he said.
Soros blasts Treasury Secretary Henry Paulson's plan because, he argues, it favors Wall Street over Main Street by targeting the credit crisis while ignoring the foreclosure problem. In an op-ed piece in The Financial Times, Soros suggests an alternative rescue plan.

First, however, Soros assails the current proposed plan for its haphazard solution to the problem:

"Two weeks ago the Treasury did not have a plan ready -- that is why it had to ask for total discretion in spending the money... The idea was fraught with difficulties. The toxic securities in question are not homogenous and in any auction process the sellers are liable to dump the dregs on to the government fund."
Soros' plan would recapitalize banks along the lines of the deal signed by Goldman Sachs (GS Quote - Cramer on GS - Stock Picks) and renowned investor Warren Buffet. Buffet's Berkshire Hathaway (BRK.A Quote - Cramer on BRK.A - Stock Picks) invested in Goldman by purchasing preferred shares and warrants for common stock.

Soros highlights the greater effectiveness of equity. Not only would banks be able to leverage the equity and start lending again, but private investors would be attracted to invest as well. The plan would ensure that banks turn to private lenders first. If private money were unavailable, public funds would be utilized.

The public money would go to preferred shares with a reasonable coupon of 5%. "The rights would be tradeable and the secretary of the Treasury would be instructed to set the terms so that the rights would have a positive value," Soros wrote.

Soros also proposes help for homeowners. He recommends allowing the Treasury to finance renegotiated mortgages based on the low-cost lending provided by the government. The plan would prohibit fees for foreclosure by mortgage services and provide incentives for renegotiation of mortgages.

Soros' rescue plan has distinct benefits. It would obviate the need for the government to analyze the value of a myriad of opaque and unusual financial contracts that have plagued financial institutions. Taxpayer money would be invested more efficiently and with much less financial risk. Finally, it would help stop the hemorrhaging in the housing market by deterring foreclosures.

Soros has been a controversial figure in the political arena. Republicans have hammered him for his support of Democrats, including his involvement in partisan political action groups like America Coming Together (ACT). He has endorsed Sen. Barack Obama (D., Ill.) in the presidential race. Soros reportedly has contacted Obama's campaign about Obama's plan along with Democrats in Congress.

The Senate votes today on a plan slightly different than the one that failed in the House on Monday. The Senate version includes greater FDIC protections to consumers -- up to $250,000 for deposits rather than $100,000 -- and a fix for the alternative minimum tax.

Should it fail, the Congress could have a reasonable alternative in Soros' rescue plan.

http://www.thestreet.com/story/10440222/2/soros-has-a-different-rescue-plan-in-mind.html

how does this free up the paralyzed credit markets?
seems to me that there has to be a stick of dynamite that blows up the credit default swap mess.

force speculators out of this unregulated market and/or force them to take equity positions in the companies who have counterparty risk after selling these timebombs. i dunno

Liquidation City also in ag mining equip:

AG -12%
LNN -10%
CNH -9.5%
DE -9%
BUCY -9%
JOYG -7%
CAT -5%

if you have to borrow $ to buy equipment where is that $ coming from.

TITN -17%

i have a feeling that the lawsuit filed by shareholder re. the buyout price for GEHL will probably withdraw their suit

SUNH showing strength amid chaos

see ref. post for some dd

Sun Healthcare Group, Inc. Upgrades 2008 Guidance; Adjusts for Discontinued Operations
Wednesday October 1, 4:15 pm ET
http://biz.yahoo.com/iw/081001/0439381.html

They aren't growing as much as 'profiting' from discontinued operations
They also have variable rate debt based on the LIBOR which has been nuts lately
i dunno

chart looks promising

pinch play

SUNH

STKL

was a darling when Bush promoted cellulosic ethanol a couple of State of the Union addresses...

what happened, anyway, to the state of our Union? gosh

anyway,
you've got BP making a big investment in VRNM

and you've got STKL which sold VRNM's predecessor (Celunol) the process system used in their Jennings demonstration plant which is using energy (sugar) cane as a feedstock
http://findarticles.com/p/articles/mi_m0EIN/is_2006_August_3/ai_n26947873

STKL is looking at a shareholder rights plan and other strategic alternatives because they feel their share price doesn't accurately reflect their business.
SunOpta Announces Strategic Review Process, Company Also Announces Proposed Implementation of a Shareholder Rights Plan
Thursday September 4, 7:30 am ET
http://biz.yahoo.com/pz/080904/149633.html

is probably a good time to revisit this one

http://www.sunopta.com/uploadedFiles/bioprocess/News_and_Events/070611%20EPAC%20Conference.pdf
http://www.sunopta.com/uploadedFiles/bioprocess/News_and_Events/071017%20Platts%20Presentation.pdf

FCX 52wk low bounce ? on renewed share buybacks

maybe the MOS earnings will dampen the ag chemical sector and more juice will start flowing toward other basic material plays

how much lower can the copper plays go?

$500 Million Purchased at an Average Price of $79.15 QTD as of 9/22/08

6.3 mill shares have been purchased from the authorization of 30million open market share purchase program at the July 2008 board action

http://www.fcx.com/ir/2008present/Credit_Suisse.pdf

RKH HOLDRs Regional Bank ETF

KBE has 30% of it's value in it's top 3: JPM C and BAC
RKH by weighting has 60% in it's top 4: JPM USB WFC & BAC

index comparisons: qqqq kbe rkh uyg
http://stockcharts.com/charts/performance/perf.html?rkh,kre,qqqq,uyg

JPMorgan Chase & Co
JPM
43.56 share amount
19.27% etf weighting
49.63 close today
2.93 % change today

US Bancorp Del
USB
56.83
18.58%
36.68
0.66

Wells Fargo & Company
WFC
48.00
15.70%
36.70
-0.54

Bank Of America Corporation
BAC
27.77
9.43%
38.13
3.13

The PNC Financial Services Group, Inc
PNC
9.00
6.21%
77.40
2.70

State Street Corporation
STT
10.00
4.95%
55.56
-1.32

Northern Trust Corporation
NTRS
7.00
4.46%
71.54
-0.66

Bank Of New York Mellon Corp
BK
14.00
4.20%
33.66
1.08

SunTrust Banks, Inc
STI
9.00
3.93%
49.05
4.06

BB&T Corporation
BBT
10.00
3.51%
39.34
1.54

Comerica Incorporated
CMA
5.00
1.59%
35.70
2.91

Fifth Third Bancorp
FITB
13.50
1.66%
13.82
1.90

KeyCorp (New)
KEY
13.00
1.59%
13.73
1.79

Marshall & Ilsley Corp New
MI
6.00
1.23%
22.98
2.83

National City Corporation
NCC
18.00
0.46%
2.89
1.14


Piper Jaffray Cos
PJC
0.57
0.22%
42.92
-0.33


Regions Financial Corp New
RF
9.57
0.89%
10.45
0.85

Synovus Financial Corp
SNV
8.00
0.82%
11.50
1.15

Wachovia Corp
WB
41.00
1.30%
3.55
0.05

KBE holdings

Fund Name:	SPDR KBW Bank ETF		 
 Ticker Symbol:	KBE		 
 Holdings	As of 09/30/2008		 
 Equity	99.36%		 
 Cash	0.64%		 
 			 
 Ticker	Issue Name	Shares Held	% of Total Assets   Capitalization 
 JPM	Jpmorgan & Chase & Co		2669901	   11.16     2 
 C	Citigroup Inc			5412945	    9.94     4 
 BAC	Bank Of America Corporation	3121326	    9.78     1 
 WFC	Wells Fargo & Co New		2661129	    8.94     3 
 MTB	M & T Bk Corp			 617764	    4.94 
 BBT	Bb&T Corp			 1271057	    4.3 
 COF	Capital One Finl Corp		 922749	    4.21 
 STI	Suntrust Bks Inc		1036235	    4.17 
 USB	Us Bancorp Del			1249167	    4.03     5 
 PNC	Pnc Finl Svcs Group Inc		 585686	    3.92     7 
 PBCT	Peoples United Financial In	2139188	    3.69 
 CMA	Comerica Inc			1128698	    3.31 
 BK	Bank Of New York Mellon Cor	1128168	    3.29  6 
 NTRS	Northern Tr Corp		 490523	    3.17 
 ZION	Zions Bancorporation		 895059	    3.1 
 STT    State Str Corp			 593240	    3.02  8 
 KEY	Keycorp New			2721804	    2.91 
 FITB	Fifth Third Bancorp		2236943	    2.38 
 RF	Regions Financial Corp New	2749654	    2.36 
 MI	Marshall & Ilsley Corp New	1214722	    2.19 
 HBAN	Huntington Bancshares Inc	2331905	    1.67 
 82525198Aim Stit Stic Prime Por	       17192442	    1.54 
 CFR	Cullen Frost Bankers Inc	 225400	    1.21 
 CBSH	Commerce Bancshares Inc		 260700	    1.08 
 NCC	National City Corp		3798123	    0.59

POT MON AGR TRA slipping in turn
havent'seen TNH on tape yet

VRNM got really clocked early this week

price rise today is on weak vol looking more like dead cat than true support

this one is like a cheap longterm option on cellulosic ethanol

you can click back on the "who wrote" to see the long term trajectory via DD on this one which used to be Diversa Corp.

CY has unwound their ownership in SPWR
you now have SPWRA and SPWRB( the shares sold by CY)

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5901354

GE stock offering

even the quality companies have to raise capital to show they can

diluting the current shareholders cuz the vultures owning the default swaps are bidding 'em up and shorting the common putting America's premier conglomerate under stress

SDTH update on acquisition/relocation

ShengdaTech Updates Timing of Jinan Fertilizer Acquisition and Relocation of Chemical Facility
Monday September 29, 9:00 am ET
"At its annual meeting of shareholders on September 15, 2008, the Company communicated that it was reasonably confident it would receive an extension from the local government to continue operating its chemical facility beyond October 31, 2008. However, as a result of the recent mining accidents and food safety issues in China, the Chinese government has tightened enforcement of environmental restrictions and workplace safety standards. Therefore, ShengdaTech no longer believes it will receive an extension and that it will be required to cease operations at the facility on November 1, 2008, as previously announced."

http://biz.yahoo.com/prnews/080929/cnm020.html?.v=37

the question is... how much will production be disrupted? although they stated "we do not expect that this will have an impact on our revenue and earnings. "
the Street seems to be thinking otherwise

share price is really being pummeled
I am not in this one at the moment but my trigger finger is sooooooooooo itchy

another day another 'vehicle' dragging perfectly good investments into the toilet

Faber reported that a prominent? SIV going down the tubes has significant holding in GE Capital paper. Dumping those notes into the market is leading increases in the default swaps and therefore pressure on the GE common.

Structured investment vehicle (SIV)
A managed investment vehicle that holds mainly highly rated asset-backed securities and funds itself using the short-term commercial paper market as well as the medium-term note (MTN) market. Because of the rolling nature of its funding, an SIV is highly dependent on maintaining the highest possible short-term and long-term credit ratings. SIVs differ from cash CDOs of asset-backed securities in that their portfolios are marked-to-market, with their ratings based on capital models agreed with the rating agencies. SIVs also have simpler capital structures than CDOs, usually comprising a junior tranche of capital notes beneath a block of senior liabilities with the same seniority. They have smaller liquidity facilities than commercial-paper conduits - which also invest in high grade ABS. SIV managers include both commercial banks such as Citigroup and Bank of Montreal, and investment managers such as Gordian Knot.

http://www.creditflux.com/glossary/structured+investment+vehicle+siv.htm

If you ignored my last headline cuz it just looked like the musings of a deadhead... you'd do well to review the link:
http://thebaltic.co.uk/# September 2008

click on the magazine cover and go to pg. 47
for an article by Oxford Analytica

"Wrong-way risk" could exact heavy toll
A "wrong-way risk" crisis is emerging in the credit derivatives sector that could have
far-reaching effects for the derivatives industry as a whole

'trouble ahead trouble behind
And you know that notion just crossed my mind

after reading this:
http://thebaltic.co.uk/# September 2008

click on the magazine cover and go to pg. 47
for an article by Oxford Analytica

"Wrong-way risk" could exact heavy toll
A "wrong-way risk" crisis is emerging in the credit derivatives sector that could have
far-reaching effects for the derivatives industry as a whole




is there any way to reign in the speculating default swap holders who might end up owning a world that will be completely bankrupted?

color me scared!

"Green" 2008 Pick(s) of the Year contest entries: quick view

obviously not a great YTD

annualized gains of more than 100%
PDS stuffit (position eliminated in April and what a good move that was as almost all the gain has evaporated)

GLD icono's pick is now the only active ticker that is higher now than when chosen.


only
SEED
GLD
XOMA were up in the month of Sept.

SEA updated weighting
as of 9/30/08

don't know how much of the shift from the reference post is due to market fluctuations vs. an actual shift in share counts.

NAME                           SYMBOL WEIGHTING  
 Frontline Ltd                    FRO   4.87 %   
 Teekay Tank-Cl A                 TNK   4.55 %   
 Ship Finance International Ltd   SFL   4.25 %   
 Teekay Lng Partners              TGP   4.19 %   
 Dht Maritime Inc                 DHT   4.16 %   
 Diana Shipping Inc               DSX   4.07 %   
 Oceanfreight Inc                OCNF   4.03 %   
 Tsakos Energy Navigation         TNP   3.96 %   
 Knightsbridge Ta               VLCCF   3.87 %   
 Star Bulk Carriers Corp         SBLK   3.82 %   
 General Maritime                 GMR   3.58 %   
 Euroseas Ltd                    ESEA   3.47 %   
 Paragon Shipping Inc            PRGN   3.41 %   
 Danaos Corp                      DAC   3.39 %   
 Seaspan Corp                     SSW   3.35 %   
 Golden Ocean Group Ltd          GOGL   3.35 %   
 Genco Shipping & Trading        GSTL   3.09 %   
 Cosco Corp Singapore Ltd         COS   3.02 %   
 Alexander & Baldwin Inc         ALEX   2.91 %   
 Excel Maritime Carriers          EXM   2.89 %   
 Kawasaki Kisen Kaisha Ltd       9107   2.89 %   
 Navios Maritime Holdings          NM   2.71 %   
 Overseas Shipholding Group       OSG   2.66 %   
 Eagle Bulk Shipping Inc         EGLE   2.64 %   
 Teekay Shipping Corp              TK   2.62 %   
 Mitsui O.S.K. Lines Ltd      9104.TK   2.61 %   
 Nippon Yusen Kk                 9101   2.60 %   
 Horizon Lines Inc                HRZ   2.51 %   
 China Cosco Holdings-H          1919   2.34 %   
 Dryships Inc                    DRYS   2.18 %  

Halter China Index changes
http://www.amex.com/amextrader/dailylist/data/relFiles/HXC093008.txt

Index Components as of: 09/30/08
Additions
CDSDD China Direct Inc
CFSG China Fire & Security Group Inc
CHLN China Housing & Land Development Inc
CPBY China Information Security Technology Inc
CSKI China Sky One Medical Inc
GSI General Steel Holdings Inc
HOGS Zhongpin Inc
WUHN Wuhan General Group China Inc

Deletions
KUN China Shenghuo Pharmaceutical Holdings Inc
V

Company Name Symbol % Weighting  
   
 China Mobile(hong Kong)ads CHL 6.26%  
 Petrochina Co Ltd Adr PTR 5.90%  
 China Netcom Group Corp Hk Ltd CN 4.99%  
 China Unicom Ads CHU 4.98%  
 China Life Insurance Ads LFC 4.90%  
 China Telecom Ads CHA 4.57%  
 Baiducom Inc BIDU 4.46%  
 China Petrol & Chem Ads SNP 4.45%  
 Huaneng Power Intl Ads HNP 4.42%  
 Cnooc Ltd Ads CEO 4.35%  
 Aluminum Corp of China Ads ACH 4.21%  
 Suntech Power Holdings Co Ltd STP 3.81%  
 Yanzhou Coal Mining Ads YZC 3.56%  
 Focus Media Holding Ltd FMCN 2.52%  
 Morgan's Foods MR 2.51%  
 Guangshen Railway Ads GSH 2.36%  
 LDK Solar Co Ltd LDK 2.19%  
 Netease.com Inc Ads NTES 2.00%  
 Ctrip.com Intl Ads CTRP 1.77%  
 New Oriental Education & Technology Group Inc. ADS EDU 1.56%  
 Sohu.com Inc SOHU 1.47%  
 Sina Corp SINA 1.35%  
 Shanda Interactive Enter Ads SNDA 1.26%  
 JA Solar Holdings Co Ltd JASO 1.22%  
 Sinopec Shanghai Petrochem Ads SHI 1.10%  
 Giant Interactive Group Inc GA 1.10%  
 Yingli Green Energy Holding Co Ltd YGE 0.96%  
 China Southern Airlines'h'ads ZNH 0.88%  
 VisionChina Media VISN 0.73%  
 China Medical Technologies Inc CMED 0.62%  
 WuXi PharmaTech Cayman Inc WX 0.57%  
 China Eastern Airlines Ads CEA 0.57%  
 Longtop Financial Technologies Ltd LFT 0.49%  
 Canadian Solar Inc. CSIQ 0.48%  
 WSP Holdings Ltd WH 0.43%  
 Central and South West Corporation  CSR 0.43%  
 E-House China Holdings Ltd EJ 0.41%  
 Trina Solar Ltd TSL 0.40%  
 Solarfun Power Holdings Co Ltd SOLF 0.39%  
 Semiconductor Mfg Intl Ads SMI 0.38%  
 Simcere Pharmaceutical Group SCR 0.37%  
 China Nep Chain Drugstore NPD 0.36%  
 Home Inns & Hotels Management Inc HMIN 0.34%  
 The9 Ltd. NCTY 0.33%  
 STERLING CONSTRUCTION CO STV 0.32%  
 Global Sources Ltd GSOL 0.32%  
 Gushan Environmental Energy Ltd GU 0.29%  
 Asiainfo Holdings ASIA 0.29%  
 Utstarcom Inc UTSI 0.29%  
 Cninsure CISG 0.28%  
 ShengdaTech Inc SDTH 0.26%  
 Nam Tai Electronics NTE 0.25%  
 Zhongpin HOGS 0.20%  
 China Fire & Security Group Inc CFSG 0.20%  
 China Yuchai Intl CYD 0.19%  
 China Sunergy Co Ltd CSUN 0.19%  
 Fushi Copperweld Inc FSIN 0.18%  
 51job Inc. JOBS 0.18%  
 Perfect World Co Ltd PWRD 0.18%  
 N.A. GSI 0.18%  
 N.A. XIN 0.17%  
 China Finance Online Co. Ltd. JRJC 0.17%  
 N.A. CPBY 0.15%  
 N.A. GRO 0.15%  
 Actions Semiconductor Co Ltd (ADS) ACTS 0.14%  
 China BAK Battery Inc CBAK 0.14%  
 Comtech Group Inc. COGO 0.14%  
 CDC Corp Cl A CHINA 0.13%  
 N.A. CSKI 0.13%  
 Fuqi International Inc FUQI 0.12%  
 Yucheng Technologies Ltd YTEC 0.12%  
 Wonder Auto Technology Inc WATG 0.12%  
 American Dairy Inc ADY 0.12%  
 Acorn International Inc ATV 0.11%  
 Qiao Xing Mobile Communication Co Ltd QXM 0.11%  
 Chindex International Inc. CHDX 0.10%  
 3SBio Inc SSRX 0.10%  
 HSW International Inc HSWI 0.10%  
 KongZhong Corp. KONG 0.09%  
 Noah Education Holdings Ltd NED 0.09%  
 N.A. SUTR 0.09%  
 Origin Agritech Ltd. SEED 0.08%  
 N.A. WUHN 0.08%  
 China Automotive Sys CAAS 0.08%  
 Sinovac Biotech Ltd. SVA 0.07%  
 N.A. CDSDD 0.07%  
 Spreadtrum Communications Inc SPRD 0.07%  
 Xinhua Finance Media Ltd XFML 0.07%  
 eLong Inc. LONG 0.06%  
 Tongjitang Chinese Medicines Co TCM 0.06%  
 N.A. CEDU 0.05%  
 Qiao Xing Universal Tel XING 0.05%  
 Tiens Biotech Group (USA) Inc. TBV 0.05%  
 N.A. CAST 0.05%  
 N.A. CHLN 0.05%  
 SORL Auto Parts Inc. SORL 0.04%  
 Webzen Inc Ads WZEN 0.04%  
 Hurray! Holding Co Ltd HRAY 0.04%  
 Ninetowns Digital World Trade Holdings Ltd. (ADS) NINE 0.04%  
 Deswell Industries DSWL 0.04%  
 China TechFaith Wireless Communication Technology Ltd CNTF 0.03%  
 Linktone Ltd Ads LTON 0.02% 

China Mobile(hong Kong)ads 	CHL 	6.26%  
 Petrochina Co Ltd Adr 		PTR 	5.90%  
 China Netcom Group Corp Hk Ltd   CN 	4.99%  
 China Unicom Ads 		CHU 	4.98%  
 China Life Insurance Ads 		LFC 	4.90%  
 China Telecom Ads 		CHA 	4.57%  
 Baiducom Inc 			BIDU 	4.46%  
 China Petrol & Chem Ads 	SNP 	4.45%  
 Huaneng Power Intl Ads 		HNP 	4.42%  
 Cnooc Ltd Ads 			CEO 	4.35%  
 Aluminum Corp of China Ads 	ACH 	4.21%  
 Suntech Power Holdings Co Ltd 	STP 	3.81%  
 Yanzhou Coal Mining Ads 	YZC 	3.56%  
 Focus Media Holding Ltd 		FMCN	 2.52%  
 Morgan's Foods 			MR 	2.51%  
 Guangshen Railway Ads 		GSH 	2.36%  
 LDK Solar Co Ltd 		LDK 	2.19%  
 Netease.com Inc Ads 		NTES 	2.00%  
 Ctrip.com Intl Ads 		CTRP 	1.77%  
 New Oriental Education & Technology Group Inc. ADS EDU 1.56%  
 Sohu.com Inc 			SOHU 	1.47%  
 Sina Corp 			SINA 	1.35%  
 Shanda Interactive Enter Ads 	SNDA 	1.26%  
 JA Solar Holdings Co Ltd 		JASO 	1.22%  
 Sinopec Shanghai Petrochem Ads 	SHI 	1.10%  
 Giant Interactive Group Inc 	GA 	1.10%  
 Yingli Green Energy Holding Co Ltd YGE 	0.96%  
 China Southern Airlines'h'ads 	ZNH 	0.88%  
 Vision China 			VISN 	0.73%  
 China Medical Technologies Inc 	CMED	 0.62%  
 WuXi PharmaTech Cayman Inc 	WX 	0.57%  
 China Eastern Airlines Ads 	CEA 	0.57%  
 Longtop Financial Technologies Ltd LFT 	0.49%  
 Canadian Solar Inc. 		CSIQ 	0.48%  
 N.A. 				WH 	0.43%  
 Central and South West Corporation CSR 0.43%  
 E-House China Holdings Ltd 	EJ 	0.41%  
 Trina Solar Ltd 			TSL 	0.40%  
 Solarfun Power Holdings Co Ltd 	SOLF 	0.39%  
 Semiconductor Mfg Intl Ads 	SMI 	0.38%  
 Simcere Pharmaceutical Group SCR 0.37% N.A. NPD 0.36% Home Inns & Hotels Management Inc HMIN 0.34% The9 Ltd. NCTY 0.33% STERLING CONSTRUCTION CO STV 0.32% Global Sources Ltd GSOL 0.32% Gushan Environmental Energy Ltd GU 0.29% Asiainfo Holdings ASIA 0.29% Utstarcom Inc UTSI 0.29% N.A. CISG 0.28% ShengdaTech Inc SDTH 0.26% Nam Tai Electronics NTE 0.25% N.A. HOGS 0.20% China Fire & Security Group Inc CFSG 0.20% China Yuchai Intl CYD 0.19% China Sunergy Co Ltd CSUN 0.19% Fushi Copperweld Inc FSIN 0.18% 51job Inc. JOBS 0.18% Perfect World Co Ltd PWRD 0.18% N.A. GSI 0.18% N.A. XIN 0.17% China Finance Online Co. Ltd. JRJC 0.17% N.A. CPBY 0.15% N.A. GRO 0.15% Actions Semiconductor Co Ltd (ADS) ACTS 0.14% China BAK Battery Inc CBAK 0.14% Comtech Group Inc. COGO 0.14% CDC Corp Cl A CHINA 0.13% N.A. CSKI 0.13% Fuqi International Inc FUQI 0.12% Yucheng Technologies Ltd YTEC 0.12% Wonder Auto Technology Inc WATG 0.12% American Dairy Inc ADY 0.12% Acorn International Inc ATV 0.11% Qiao Xing Mobile Communication Co Ltd QXM 0.11% Chindex International Inc. CHDX 0.10% 3SBio Inc SSRX 0.10% HSW International Inc HSWI 0.10% KongZhong Corp. KONG 0.09% Noah Education Holdings Ltd NED 0.09% N.A. SUTR 0.09% Origin Agritech Ltd. SEED 0.08% N.A. WUHN 0.08% China Automotive Sys CAAS 0.08% Sinovac Biotech Ltd. SVA 0.07% N.A. CDSDD 0.07% Spreadtrum Communications Inc SPRD 0.07% Xinhua Finance Media Ltd XFML 0.07% eLong Inc. LONG 0.06% Tongjitang Chinese Medicines Co TCM 0.06% N.A. CEDU 0.05% Qiao Xing Universal Tel XING 0.05% Tiens Biotech Group (USA) Inc. TBV 0.05% N.A. CAST 0.05% N.A. CHLN 0.05% SORL Auto Parts Inc. SORL 0.04% Webzen Inc Ads WZEN 0.04% Hurray! Holding Co Ltd HRAY 0.04% Ninetowns Digital World Trade Holdings Ltd. (ADS) NINE 0.04% Deswell Industries DSWL 0.04% China TechFaith Wireless Communication Technology Ltd CNTF 0.03% Linktone Ltd Ads LTON 0.02% 

Market Manipulation in Chinese small caps? GU CBAK APWR

look at those volume spikes on Monday on buyside?
looking through my watchlist it looks like bottom reversal type action as eod scooping up cheap shares
might be early...who knows

unbelievable that APWR was driven into the 8s
unless there is fraud this is deeply oversold




p.s. no position in any of these
am already choking on CDSDD NOEC YTEC CAEI FSIN VISN

VSE ? hippity hoppin'

baltic dry 3 yr. low

shipping very dependent on credit lines i think

see ref post for chart

VIX 45+ !!!!!!!!!!!!!!

markets still very weak (my comments from live chat this morning)even in the face of the House passing this distateful rescue package
i am frankly flabbergasted

you must find refuge in the staples and consumer defensive sectors
hard rain's gonna fall
if china gets back in gear... starts ordering commodities and basic materials we'll have a chance
and the strongest banks will only get stronger
there will be islands of strength

maybe the sovereign wealth funds will now get involved in buying up some of these distressed assets
cuz they have the wherewithal to wait for something bought at .30 on the buck to move to .50 .60 or .70
there is $ on the sideline but it's not being deployed

also i think there is tremendous liquidation in the basic materials, commodities,base metals, ag. commodities, ag. equip, mining equip tickers
this will probably abate when the quarter ends and the redemption $ pressure from people going to cash ends

PBW rebalance for 9/30/08

WilderHill Clean Energy Index - ECO
"Quarterly Rebalance effective for the open on September 30, 2008."
----------

Ticker	Component Name	Old Share Weight	New Share Weights 
 ABAT	  Advanced Battery Technologies Inc	 1835018   519236 
 AMAT	Applied Materials Inc			 470707	 538391 
 AMSC	American Superconductor Corp		 239775	 385218 
 APD	Air Products & Chemicals Inc		80857 111594 
 ARGN	Amerigon Inc				 262114	 248267 
 ASTI	Ascent Solar Technologies Inc		 192677	 240466 
 BCON	Beacon Power Corp			1233998	1454719 
 BLDP	Ballard Power Systems Inc		2709988	2353672 
 CBAK	China BAK Battery Inc			2046444	2243894 
 COMV	Comverge Inc				 722359	 297333 
 CPL	CPFL Energia SA				 136134	 136263 
 CPN	Calpine Corp				 386201	 578171 
 CREE	Cree Inc				 397431	 319446 
 CZZ	Cosan Ltd				 644014	1027360 
 ELON	Echelon Corp				 821446	 591566 
 EMKR	Emcore Corp				1435632	1716569 
 ENER	Energy Conversion Devices Inc		 139656	 147887 
 ESLR	Evergreen Solar Inc			 946774	1510581 
 FCEL	FuelCell Energy Inc			1358523	1222368 
 FSLR	First Solar Inc				  37854	  42647 
 FSYS	Fuel Systems Solutions Inc		 283903	 158364 
 GU	Gushan Environmental Energy Ltd		 668583	1320158 
 HEV	Ener1 Inc				1382326	1131564 
 HTM	US Geothermal Inc			 930727	1060368 
 IDA	Idacorp Inc				 286191	 259363 
 IRF	International Rectifier Corp		 468435	 432549 
 ITRI	Itron Inc				  98932	  88020 
 JASO	JA Solar Holdings Co Ltd		 572905	 668635 
 MDTL	Medis Technologies Ltd			 684273	 522318 
 MXWL	Maxwell Technologies Inc		 817156	 593774 
 NBF	Nova Biosource Fuels Inc		3542769	Deletion 
 OMG	 OM Group Inc				  245851  317855 
 OPTT	Ocean Power Technologies Inc		 241375	 250030 
 ORA	Ormat Technologies Inc			 207846	 223406 
 PANL	Universal Display Corp			 753205	 616955 
 PEIX	Pacific Ethanol Inc			1126419	1257293 
 PLUG	Plug Power Inc				4497178	 875727 
 POR	Portland General Electric Co		 373557	 327447 
 QTWW	Quantum Fuel Systems Technologies 	 934688	1431065 
 RBCN	Rubicon Technology Inc			 426243	 214922 
 RZ	Raser Technologies Inc			1197689	1912424 
 SOL	Renesola Ltd				 508720	 613009 
 SPIR	Spire Corp				 162705	 145834 
 SPWR	Sunpower Corp				 135587	  99548 
 SQM	Sociedad Quimica y Minera de Chile SA	 197021	 272011 
 STP	Suntech Power Holdings Co Ltd		 265408	 218646 
 TSL	Trina Solar Ltd				 288332	 318419 
 ULBI	Ultralife Corp				 195420	 167480 
 VLNC	Valence Technology Inc			2651730	2571736 
 VRNM	Verenium Corp				1233998	 830288 
 VSE	VeraSun Energy Corp			2004121	4743082 
 WFR	MEMC Electronic Materials Inc		 146302	 277154 
 YGE	Yingli Green Energy Holding Co Ltd	 587618	 715779 
 ZOLT	Zoltek Cos Inc				 389730	 510884

here's my kind of rescue LOL

sent to me this weekend

I LIKE this idea, maybe we should send it to the Politicians, unfortunately they would even benefit.



I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let's assume there are 200,000,000 bona fide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and
child. So 200,000,000 might be a fair stab at adults 18 and up...

So divide 200 million adults 18+ into $85 billion that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free. So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.

A husband and wife have $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage - housing crisis solved.

Repay college loans - what a great boost to new grads

Put away money for college - it'll be there

Save in a bank - create money to loan to entrepreneurs.

Buy a new car - create jobs

Invest in the market - capital drives growth

Pay for your parent's medical insurance - health care improves

Enable Deadbeat Dads to come clean

Remember this is for every adult U S Citizen 18+ including the folks who
lost their jobs at Lehman Brothers and every other company that is
cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of
trickling out a puny $1000.00 ( 'vote buy' ) economic incentive that is
being proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let's bail out every adult
US Citizen 18+!

As for AIG - liquidate it. Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can 'never work.'

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion.

We Deserve a Dividend more than do the geniuses at AIG or in
Washington DC .

And remember, The Birk plan only really costs $59.5 Billion because
$25.5 Billion is returned instantly in taxes to Uncle Sam.

PS: Feel free to pass this along to your pals as it's either good for a
laugh or a tear or a very sobering thought on how to best use $85
Billion!!



P.S. I have a feeling the counterparties might not go for this.

PPS. anyone here about any way to cancel all credit default swaps not owned by a guarantor of physical mortgage obligations?
i.e. NO MORE SPECULATION in these swaps.

gapper pick: KBE on financial rescue package

am long from 35ish
maybe my own portfolio will be reliquified :)

The Rescue Must Be Done or we be in a world of pain if long

WFC USB PNC mentioned on Cramer's Stop Trading segment

KBE
this one popped over 45 late last week in the relief rally from the engagement of Congress after the near meltdown on 9/18

top holdings

As of 04/30/2008  
 Holding Dollar Value % of Total Portfolio  
 Wells Fargo & Co New        N/A 9.28  
 Jp Morgan Chase & Co        N/A 9.08  
 Bank Of America Corporation N/A 8.26  
 Citigroup Inc               N/A 6.78  
 Wachovia Corp New           N/A 5.7  
 Bb&T Corp                   N/A 4.57  
 Pnc Finl Svcs Group Inc     N/A 4.55  
 Us Bancorp Del              N/A 4.52  
 Northern Tr Corp            N/A 4.26  
 

I've been trying to educate myself on how this credit crisis came to be. I learned a lot today. Here are a set of links that may take you an hour or so to review, but, by the time you finish you will have a very solid understanding of the mess:
A goodly portion of the Fast Money show on Thursday September 25 was devoted to the stall of the "bailout deal" and how we got to where we are:

What Went Wrong? – The Only Explanation You’ll Ever Need To Read
http://www.cnbc.com/id/26888701

Dylan Rhatigan talked about the 3 key decisions that set the stage for our current crisis: 1999, post 9/11/2001, and 2004
1999-1.Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all

1999-2 repeal of the Glass-Steagall Act
"eliminated the GSA restrictions against affiliations between commercial and investment banks. Furthermore, the Gramm-Leach-Bliley Act allows banking institutions to provide a broader range of services, including underwriting and other dealing activities."
http://www.investopedia.com/articles/03/071603.asp?viewall=1

How much did the repeal of the Glass-Steagall Act in 1999 contribute to the current institutional financial crisis?

Dr. Plath: That's a tough question to answer, because it's not the repeal of Glass-Steagall via the Graham Leach Bliley Act in 1999 alone that brought about the financial crisis we're witnessing today.

Certainly, the repeal of G/S did have something to do with the crisis, but innovation within the investment banking industry in the form of securitization, structured products creation and synthetic security formation (all of the activities that are usually summarized under the moniker "financial engineering") also had a significant impact in creating the problem. Quite simply, the industry started creating products that were virtually impossible to value and very thinly traded in the securities markets.

It's not so much that plain vanilla securities underwriting activity is inherently risky when conducted in a commercial banking enterprise, it's more the dramatic increase in risky activities undertaken by contemporary investment banks under the ownership of a bank holding company or financial services holding company that caused the problem.
http://charlotteobserver.blogspot.com/2008/09/is-repeal-of-glass-steagal-act-factor.html
2.Stocks: 5 years after 9/11
The worst terrorist attack on U.S. soil changed many things around the world. Wall Street's one of them.
By Alexandra Twin, CNNMoney.com senior writer
September 11 2006: 2:23 PM EDT

Interest rates and the economy
In 2001, the Federal Reserve was in the middle of an interest-rate cutting campaign, trying to pull the economy out of recession after the implosion of the late 1990s.

The summer of 2001 was brutal for stocks and for corporate America, with many companies issuing profit warnings and cutting jobs.

On Aug. 21, 2001, the Fed cut its fed funds rate - a key short-term bank lending rate - by another quarter-percentage point to 3.50 percent. It was the seventh cut of the year, including one that had been made in between the Fed's regularly scheduled policy meetings.

The Fed - then led by Chairman Alan Greenspan - had pushed the fed funds rate as high as 6.50 percent by May 2000 in a bid to slow the then-booming economy. Rates were held steady until January 2001, when Greenspan & Co. began cutting them.

They would lower rates 6 more times through June of 2003, ultimately leaving the fed funds rate at 1 percent, helping corporations and the stock market to recover. http://money.cnn.com/2006/09/08/markets/markets_fiveyearslater/index.htm


3. Ex-SEC Official Blames Agency for Blow-Up of Broker-Dealers
'They constructed a mechanism that simply didn't work'
By JULIE SATOW, Staff Reporter of the Sun | September 18, 2008
http://www.nysun.com/business/ex-sec-official-blames-agency-for-blow-up/86130/


------------------------------------------------------
So you had an environment with more relaxed underwriting (looser credit standards), enabling more people to live the American dream of home, or in the case of the greedy: multi-home ownership, utilizing extraordinarily low interest rates.

Then comes the greedy broker-dealers (Bear Stearns, Merrill Lynch, Lehman Bros., Morgan Stanley and JP Morgan) lobbying the SEC to increase leverage and increase their debt-to-net capital ratios to 40:1 instead of 12:1. This deregulation

------------------------
thus giving rise to unbridled profits in exotic derivatives
http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true


Warren Buffet's warning on derivatives as "financial weapons of mass destruction"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32326348

leading to
Buffett's "time bomb" goes off on Wall Street
Thu Sep 18, 2008 1:42pm EDT
http://www.reuters.com/article/newsOne/idUSN1837154020080918?pageNumber=3&virtualBrandChannel=0

and so here we are
on the precipice of a complete worldwide financial collapse
with liquidity, the lubricant of all financial credit transactions, frozen
and the engine about to seize up

and the guy who on Tuesday said he hadn't read the principals of the rescue plan to reliquify our market
states on Wednesday that he is going to Washington to participate in talks and then, on Thursday, in what was supposed to be a photo op re. the bipartisan consensus reached after a week of effort, let a rift with Conservative House Republicans dissolve supposedly agreed upon negotiations.

WM sell sell sell

common shares probably gonna be worthless

FDIC going to seize WAMU

2:15pm edt something spooked FNM FRE DSL etc.

we are talking huge market cap drops & pops
am still looking for an answer
would apprciate someone reviewing briefing.com items between 2:10 and 2:25 as the bounce up was just as dramatic in fnm and fre

I guess Paul wants to let the world's financial system to seize up completely

you ever read Vonnegut's Cat's Cradle? know about Ice Nine?
"once the entire planet locked up, it would probably never melt.
"

http://www.technovelgy.com/ct/content.asp?Bnum=415

so the medicine tastes bitter
it will unlock the currently locked credit mess and restore a measure of liquidity

if done appropriately, a market for these smelly mortgages will reemerge.
people will be able to access credit
builders will begin building
basic materials will be reordered
laborers will continue to be employed
and we won't have a depression.

I think this rescue operation is essentially a done deal as I cannot imagine Buffet stepping into GS without some assurances that a deal has been struck in principal.

but listening to congresspeople pontificating all day long makes you want to puke.

so you can sound knowledgeable when someone asks about "cramdown"

http://www.teachmefinance.com/Financial_Terms/Cramdown.html

Dems won't let the rescue move forward without something for the subprimin' upside down shouldn't have bit off more than they could chew folk

HK finding the appropriate timeframe

Buffett's "time bomb" goes off on Wall Street
Thu Sep 18, 2008 1:42pm EDT

sort of a primer on the mess we're in..and how we got there.

http://www.reuters.com/article/newsOne/idUSN1837154020080918?pageNumber=3&virtualBrandChannel=0

Senate oks extending energy tax credits
Tue Sep 23, 2008 5:43pm EDT
http://www.reuters.com/article/politicsNews/idUSTRE48MBMX20080923

NOT Enough excitement: Buffet taking stake in GS

out goes the automotive financier and in comes the Target merchandiser

Wireless Ronin Announces CEO Transition; Stephen Birke To Take Over from Jeffrey Mack as Interim President and CEO

"On behalf of the board of directors, I want to thank Jeff for his leadership and service over the past few years and his efforts in establishing Wireless Ronin's formidable position in the digital signage industry," said Wireless Ronin board chairman, Greg Barnum. "We are also delighted to appoint Steve Birke as the company's interim president and CEO. We are confident that Steve's extensive leadership expertise and significant retail and merchandising background will serve Wireless Ronin well as the company moves forward."

Birke was appointed to the board of directors in July 2008. A 38-year veteran of Target Corporation before his retirement, Birke served as vice president and general merchandise manager where he played a key role in defining Target's merchandising platform.
http://biz.yahoo.com/bw/080923/20080923006496.html?.v=1

Wireless Ronin Technologies Introduces Expanded RoninCast Digital Signage Software Platform to Manage High Impact 3D Content On Philips 3D Displays
Wednesday September 10, 9:30 am ET

http://biz.yahoo.com/pz/080910/149988.html

CAEI i picked up some Dec 5 calls last week

China Architectural Engineering Sees Third Quarter 2008 Earnings near High End of Earlier Guidance
Tuesday September 23, 11:49 am ET
http://biz.yahoo.com/bw/080923/20080923006188.html?.v=1