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great, over 4 and my trigger hit got me some more..
great to have you here. frpt is an awesome stock. now lets if we can break 4.00 today.. :))))
wow. i gotta watch this better. i bought friday and sold monday. could have daytraded the crap out of this last 2 days.
covering? moving steady... watch for a quick burst to 2.00
if so this thing could see .20, .50, 1.00+.. no? thats a hell of a lot of shares to cover
how do you know?? i have 190k shares from a ways back that i just left here. didn't know what was going on.
no way. u serious?
just hit my sell! there ya have it:) thank you etfc.
yes mee too. was waiting for this, just got in a day or two early:)
well that didn't work so well lol..
yep. but for now.. filled 2k at 1.04. gonna sell it at 1.24 for 400 hundo. i hope lol
lol. i hear ya man... thanks, hope you can pull in some good money in this market too.
Stocks Of Steel: 3 Infrastructure Plays
Topics:Nasdaq | NYSE | Stock Market | Stock Options | Stock Picks
Companies:Nucor Corp | Steel Dynamics, Inc.
Mark Parr of KeyBanc Capital Markets says one thing that investors can count on in this fragile economy is the infrastructure build-out, both domestically and globally.
"Not only is the U.S. talking about projects, but we've got over $500 billion of projects announced in China that may actually be closer to starting up than new projects in the U.S. could," he told CNBC.
Parr says he's convinced that those who see a collapse of the build-out, especially in China, are wrong.
"All I can tell you is what I read and what I see, and we're definitely going to be seeing more infrastructure spending in the next 12 to 18 months, not less," he insisted. (See his full comments in the video)
Recommendations:
"Steel's been near and dear to my heart for a long time," he said. "The companies we like right now are the ones with electric-arc furnace steelmaking; they have highly variable cost structures; their inventory situations are in great shape; these companies are ready to benefit, once the new spending levels kick in."
He's talking about Nucor [NUE 30.97 -0.19 (-0.61%) ], Steel Dynamics [STLD 7.12 -0.16 (-2.2%) ], and Gerdau Ameristeel [GNA 3.70 -0.06 (-1.6%) ].
Disclosures:
Nucor, Steel Dynamics, and Gerdau Ameristeel are all investment-banking clients of Parr's firm, and KeyBanc makes a market in shares of Steel Dynamics.
Disclaimer
© 2008 CNBC.com
Avg Vol (3m): 652,833 vs. Vol Yesterday: 1,591,748
nice! wish i loaded more then i did around 2.00. shoot!
Why China's Stimulus Plan Will Change the World
By Bill Mann and Tim Hanson
November 12, 2008 Comment (90) 146
Recommendations
Brazil's President Lula told his country in September, "People ask me about the [financial] crisis, and I answer, go ask Bush. It is his crisis, not mine."
Fifty days later, British Treasury Secretary Stephen Timms told a conference of G-20 nations gathered in Sao Paulo, Brazil: "We are in extraordinary times, the global economy is facing shocks which are wholly without precedent and we need a new approach. … It is a global crisis. It therefore requires an international response."
In other words, what goes around, comes around. Global schadenfreude toward a stupid and greedy United States and its subprime mortgage meltdown has rapidly become global concern about how to rescue the world from an all-encompassing financial disaster. Here's just a smattering of companies large and small that recently announced lowered outlooks for the year: Under Armour (NYSE: UA), News Corp. (NYSE: NWS), Starbucks (Nasdaq: SBUX), Vodafone (NYSE: VOD), Electronic Arts (Nasdaq: ERTS), ADP (NYSE: ADP), and Hormel (NYSE: HRL). (Yes, in these tough times, even the outlook for Spam is grim.)
And if that were not enough, the International Monetary Fund (IMF) recently lowered its outlook for the entire global economy.
One country's plan to step up
Against that backdrop, China announced a 4-trillion-yuan ($586 billion) stimulus package for its domestic economy this past Sunday. It plans to fund extensive infrastructure construction, aid poor farmers, and cut export taxes.
While China's plan has clear beneficiaries, and should help keep more laborers in their jobs and prop up domestic consumer spending, the most important (and underreported) aspect of the plan is how it will fundamentally change the economic relationship between the U.S. and China.
Here's how it was
One of the big debates over the past half-decade was whether China had reached a point in its economic development at which its internal economic gravity would allow it to "decouple" from the global economy. If so, it could continue along its fantastic growth trajectory, even as growth in the U.S. or Europe ceased or reversed.
That may sound like gobbledygook, but it's important. The U.S. has a $20 billion monthly trade deficit with China. It's funded by China's willingness to hold U.S. treasuries in its Central Bank (essentially, we're borrowing the money). China manages the arrangement by pegging its currency (the yuan) to the dollar at an artificially low rate, and by not worrying so much about certain niceties like environmental regulation and labor protection.
It's a mutually beneficial arrangement -- a weak yuan supports Chinese exporters, helping the country industrialize and quickly integrate rural migrants into its urban workforce, with the salutary effect of keeping inflation and potential political unrest low. For its part, the U.S. has gotten dirt cheap financing, by virtue of China parking more than a trillion dollars in U.S. government securities. That has supported the dollar and allowed the Federal Reserve to fuel consumer spending by keeping interest rates low.
China's stimulus package heralds the unwinding of this relationship.
Here's how it will be
This is why the decoupling argument matters. Many analysts have pointed to the thousands of factories that have shut down in China in these past few months as evidence that a slowdown in American spending will cause a depression in China -- potentially even leading to regime change. But in fact, our trade imbalance with China is artificially preserved by the aforementioned currency peg, and by the decision of China's state-run banks to make uneconomic loans to businesses it deemed worth propping up.
China has paid heavily for this relationship. Rather than invest its surplus cash in its own country, the Chinese poured money back into the U.S. to further spur our debt-fueled consumption. (Put less artfully, some poor Chinese guy in Shaanxi province was essentially helping you pay your mortgage.)
The announced stimulus package reverses that. Hundreds of billions of dollars that would have gone to propping up the greenback are now being reinvested in China, helping it to transition from its reliance on exports to a self-sustaining economy. So while China isn't yet decoupled from its export markets, this new spending plan will help it along that path.
What you need to do to survive
China's huge currency reserves are about to be put to use, and while there will be some real and perhaps severe bumps along the way, the China that comes out on the other side will be a heck of a lot stronger, more independent, and more decoupled than the one we've seen up to now.
Chinese premier Wen Jiabao called his country's stimulus the "biggest contribution to the world." We don't know whether that's true, but we do know that China's ability to reach deep into its huge coffers to finance further growth gives it a significant advantage over the rest of the world's struggling economies. This is why we continue to believe in the Chinese miracle, and why we think more American investors should be taking advantage of this current temporary downturn to diversify their portfolios into previously expensive Chinese stocks.
lookin good!
have u seen how many funds are adding Sutor? look at the dates. not huge holdings, but its a start.. http://www.mffais.com/sutr.html
ROTH at 1.50 bid and 2.50 ask...
we got some coverage..finally!! http://finance.yahoo.com/q/ud?s=SUTR
just bought 1500 @1.52 and sold it at 1.80 in a matter of minutes. that was fun.
So, Sutor with 3x production in line, we are in for a big year imo. A really big yr. If numbers are blowing out now, just wait until next year. Here we have the masters of galvanizing in China, growing rapidly, plus a bunch of positive outlook floating around out there on China.
I see a bigger picture here. I guess thats why I can't stop buying shares lol:) Can't wait until the market finds some peace!
Recent Development
Jiangsu Cold-Rolled's new 400,000 metric ton HDG steel production line started operations on October 1, 2008. The new HDG steel production line is capable of galvanizing both hot-rolled and cold-rolled steel with both zinc and aluminum. As a result of the addition of the new HDG production line, our production capacity of HDG products will increase from 200,000 metric tons per year to 600,000 metric tons per year.
.27/share is a friggin blow out! we really need some cover on SUTR to get her going. This is ridiculous how much of a gem this is. Its gonna be tough in this market, but seriously once she is discovered and the market stabilizes a bit investors buying here should be really happy.
Fully diluted net income per share: Fully diluted net income per share was $0.27 for three months ended September 30, 2008, as compared to $0.17 for the same period last year.
yep. right on. sad. really...
yeah. 2 days till earnings. shoot sutr, bumping it up. no doubt they'll blow away cpsl report, but how good will they be? would love to see a jump back to 3.00. getting itchy for a move...
thanks for this. i believe etfc is a good buy here. definitly
great!
HUGE CHINA NEWS!!! --->
China announces $586 billion stimulus plan
Sunday November 9, 2:15 pm ET
By Scott Mcdonald, Associated Press Writer
China unveils $586 billion stimulus plan to fight effects of global meltdown
BEIJING (AP) -- China unveiled a $586 billion stimulus package Sunday in its biggest move to inoculate the world's fourth-largest economy against the global financial crisis.
The Cabinet approved a plan to invest the money in infrastructure and social welfare by the end of 2010, a statement on the government's Web site said.
Some of the money will come from the private sector. The statement did not say how much of the spending is on new projects and how much is for ventures already in the pipeline that will be speeded up.
China's export-driven economy is starting to feel the pinch of weakening U.S. and European economies, and the government has already cut key interest rates three times in less than two months in a bid to spur economic expansion.
Economic growth slowed to 9 percent in the third quarter, the lowest level in five years and a sharp decline from last year's 11.9 percent.
That is considered dangerously slow for a government that needs to create jobs for millions of new workers who enter the economy every year and to satisfy a public that has come to expect steadily rising incomes.
Exports have been growing at an annual rate of more than 20 percent but analysts expect that may fall as low as zero in coming months as global demand weakens.
The International Monetary Fund has urged governments to adopt economic stimulus packages and, in some cases, to cut interest rates further, to counteract the slowdown.
China joins other major economies such as the U.S., Japan and Germany which have already introduced their own stimulus plans.
The U.S. allocated $168 billion earlier this year for tax rebates to individuals and tax breaks for businesses. Germany set aside $29 billion for tax breaks on new cars and credit assistance for companies. Japan allotted $275 billion for loans to small- and mid-sized businesses and discounts on highway tolls among other measures.
On Wednesday, finance officials from the G-20 group of major wealthy and developing nations convene in Washington to discuss a strategy for strengthening the global economy. Chinese President Hu Jintao is expected to attend.
China's statement said the Cabinet, at a meeting chaired by Premier Wen Jiabao, had "decided to adopt active fiscal policy and moderately easy monetary policies."
The statement said the spending would focus on 10 areas. They included picking up the pace of spending on low-cost housing -- an urgent need in many parts of the country -- as well as increased spending on rural infrastructure.
Money will also be poured into new railways, roads and airports. Spending on health and education will be increased, as well as on environmental protection and technology.
Spending on rebuilding disaster areas, such as Sichuan province where 70,000 people were killed and millions left homeless by a massive earthquake in May, will also be accelerated. That includes $2.93 billion planned for next year that will be moved up to the fourth quarter of this year.
The statement said rural and urban incomes would be increased.
Credit limits for commercial banks will also be removed to channel more lending to priority projects and rural development, it said.
Reform of the value-added tax system will cut taxes by $17.5 billion for enterprises, the statement said.
whats up bud. right on. i think we'll be just fine down the road.. no worries. solid company, fundamentally nothing has changed since the day of 9.00+ high.... except for the fact that sutor will have higher production levels and increasing revenue. 2.00 will be a thing of the past.
ohhh shoot. you dun gone and said it! :)
lol. oh green... whats that again?
np. i live nearby, maybe ill scope it out next time im in the city.
Gene Newton to me
show details 9:46 AM (1 hour ago) Reply
Information on the New York Office
" The Office is located at NYU Poly, 6 Metrotech Center, Brooklyn. RCC/IWS will be working with the BEST team at the University, and will be using the office for sales and marketing meetings, along with future projects it may undertake with the University's help."
- Show quoted text -
--
Gene Newton
Chairman, CEO
RCC Holdings, Corp
MGR Towers
8599 Haven Avenue
Suite 306
Rancho Cucamonga, California 91730
(909) 483-6500
Gene told me this last week->
Gene Newton to me
show details Oct 16 (5 days ago) Reply
Another ores release next week
We will keep you update as the attorneys let us
Thanks for the interest
he also types everything from a phone supposedly. that alone explains a lot lol
damn wish i flipped more shares yesterday am.. :/
well, i suspect part of the reason nobody really cares anymore is because they've watched this plumet from .07 to .0001. it will be a shocker if everything pans out. and gene says it will, and people get excited... welcome to ihub lol