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Yes Exim Bank news very supportive of ESLR and I have been an investor here long term as share price is simply very cheap compared to whole complex and they have tremendous upside potential.
MTL made pullback and supported from 10.50 are as well as poised to now go to 12.00-15.00 in coming days to trade back where it should be..
This should be positive for CIT.
because in past, I have seen many solid companies shorted to hell ruining them and their stock by heavy manipulated shorting evenst.
Now if news comes out GS execs and some cherished others were going to be made example of, you would see CIT and many other stocks get inevstors back in a buy the hell out of this stock pushing its price way abck to 3.00 area where I believe it should eb right now ahd it not been for the halts the Specialist did 2 weeks ago ruining any gains time and again by private investors..
Contacted PUDC corp and their response to the 7 for 1 reverse split and they did not give me anything new to make me feel like the risk was lessened holding this stock here everses what "might" occur when they convert to the Delaware Corp.
Especially with the Nasdaq & DOw up 14 days and this not occurring since 1992; and the economy as bad as it is today compared ot 1992 and very low volumes. I am very surprised to see such growth in equities and into overbought condition on very low volumes. In anotherd ay this would never occur, especiialy when a major DOW component like MSFT reported massive earnings fall and Amex and Amazon and others alike, the DOW did not do anything but move up??? Is this not strange?
Some talk of the MM's baiting millions of small spec investors to keep buying on low volumes as they are plannig a net large shorting of the indices soon and after what I saw with the CIT fiasco and GS manipulation of their stock, anything is possible now I guess..
Well New York Post article revealed definite manipulations GS has been doing and from a supposed fair and level paying field, no such thing exists if GS and a small group of others can literally see what your positions are and what you are doing (without you knowing it), and artificially manipulate a price to steal from private investors for their own personal gain. Then there will eb no need for anyone to risk their hard earned monies to invest in any public traded corp as we used ot if this in fact is what has been going on.
I know institutionals decreased from 94.7% to 91% holding this stock, but many people today were screaming for SEC investigation into Goldman Sachs and/or the Specialist for illegal manipulation of the stock again after this morning's open.. seemingly prices being kept from climbing when there was heavy buying (limited selling) after the additional positive news like Tuesday..
Something going on for sure and they will not go BK.
Hey, where is everyone? This is a great investment here and when divis are reinstated, will be wonderful.
I sold most of my ESLR today due to the market conditions I see making me very nervous plus Obama killing these type stocks again.
I own some of this too long term.
Yeah make fun of my decison, but events with the DOW & NAS this week (today especially) have them so high into overbought territory, the DOW volume is so low (not what it should be for such high runup) it is very hollow and a lot of fluff; and with major tresuries sale I am told this next week, this whole market is overdue for major retracement and selling off some and it will affect many stocks; especially Chinese stocks that have already had very good runup.
I may be wrong, but I am a sexy middle aged guy who has been investing 20 years or so and tried everything and sometimes I am right and sometimes I am wrong. Maybe I am crazy, because I hold a position with CIT right now and this weekend will be very interesting to see what comes Monday..
Actually today I sold most of what I held or reduced very small to cash rich as i do not like what I saw in the DOW or other indices this week on low volumes with such devastating economic problems not dealt with yet.. Just don't make sense.
MSFT backed out Because they knew their earnings release last night was coming and MSFT is in deep poop financially now.
CIT has assets and I expect this weeked you will hear they sold some and have met their reorganization plans, etc as stated in their SEC filing the other day.
The value of their clientelle alone regarding the factoring they do very successfully here in Charlotte, NC is astounding as CIT is directly in a symbiotic relationship to millions of people and those businesses whose assets are valued collectively into the $Hundreds of Billions...
PUDC lost 4 cents yesterday and their problem is even if the 1 for 7 goes without hitch, their market cap is so low now comparatively, that their new listed price would be close to many large caps with $Billions of cap and stock price around PUDC's new initial price; so in past history and considering events today in markets I seriously see this being shorted down like Fox Petroleum was after their reverse split... ending well below 1.00 again but people holding 1/7th the amount of shares they previously held..
I like the company, wish I was wrong with how I feel, but look at the damn market cap they have today- and you think they and their new price can stand along side multi-$Billion cap stocks out there like MTL, AK, AUY, SLW, TIE and strong industrials whose price today is not much higher than PUDC's initial new listing price? Just aint gonna happen folks...
?? artificially being kept down so friends of owners can get in cheaply on the stock?? That is what is going on with another stock related to China..
CIT to raise $8Billion selling part of its transports assets.
Now even an idiot can see this is nearly 3 times the capital they require and indicates no possible way any type of BK would incur. This evidently is an option they are going to do rather than sell the Utah Bank asset worth $10Billion..
CIT not to fail:
This is what I believed and many others as well and yes I do own some shares too.. regardless of the nonstop negative cnbc and internet boards mantra going on, the events of the other morning really have me upset and I know others to. I am talking about Tuesday morning, when the Monday AH was up strong, then Tues Premarket was up another 30cents or so and the stock expected to go to about 2.00 that day. Buying was solid premarket; but right at opening bell they halted CIT for 30 minutes and to date, no explanation, no news, and no reason. Then when it opened late (creating a new wave of uncertainty and artificial panic) the stock sold ehavy right down to .75 trade gap in fact as if it was precicely planned to do so! Then in almost the same matter of minutes, amazing buying came in bringing the price right back up to about 1.00 or so and all this occurred within like 4 minutes time.
Upon many including myself seeing this some suspicions have come out that the Specialist at the exchange may have done something very unethical and halted this because he/or some big players were heavy net short and knew they would take a major loss at the open Tuesday- so the artificial halt was placed and still to date, nobody explaining this which adds to more suspicions about a perpetrated scam carried out for someone's personal benefit. If this is what truly happened, and I know the SEC has stepped up scrutiny on Specialists lately at the exchange due to dubious activities found, I expect a major news story come out of a market manipulation that will Bernie Madoff look like a boyscout..
Now, is this what happened? It makes no sense when all indicators were this stock was going to trade higher. Last Friday CIT needs $3B or else. Then over weekend they are in talks and Monday they get approval for $3B loan and now no BK needed. Then hours later Tuesday and throughout the whole day, cnbc for one started on and on and on that BK is now going to happen and it went into late hours. Yesterday was a weird day because all the BK talk from the news people the afternoon before we saw 2 mentions all day on cnbc (GE puppets)about CIT still adding a negative about a "potential BK" occurring and it has made millions of global investors sick I eblieve now seeing and eharing all this. NOW, Why was there a small obscure article Tuesday evening mentioning CIT may sell its Utah bank assets which was worth over $10B but nobody mentioned positives about this? All yesterday though, the boards were full of so many people pumping CIT for a failure for sure and the stock to become worthless Why would some bondholders step in with $3B that was suppsoed to eb all they needed if there was any risk of failure? Why did those bondholder lenders accept 5 times the collateral than needed by CIT for this short term high % loan?
Now, this morning at 6:30am CNBC came on with quick mention that CIT right now is considering selling part of its transports assets which would value at $8Billion!! This is positive news, NOT needing any bond deals, NOT needing any BK (pre pack or other) and would not only give CIT $1B needed for August obligations, but cover all 2009 eyar end obligations PLUS have cash reserves available and STILL hold onot massive assets they still possess.
I know peopel who deal direct to CIT. I know they have bene told BK is not going to happen. Why the media campaign and internet campaign nonstop saying they are doomed and failing and comparing them to lehman, GM, AIG and others? Because CIT is NOT like any of those and in a niche' situation. They are not a retail auto maker nor are they a savings & loan retail bank or an isurance company... Their assets are NOT just what owned personal assets they control, BUT the sheer amount of the financial strength of the millions of companies they factor for which are their clients- and to say CIT has no value in its stock or operations is a LIE because you would have to say the financnial assets of all the clients they posses and provide workign capital for against their receivables given to CIT would eman all these millions of companies are also worthless!!
It just makes no logical sense especially after Tuesday mornings fake halt wiht no enws or for no apparent reasosn and now suspicions a massive stock manipulation occurred from the Specialist on the floor- who buy the way acts as a broker & dealer and can trade his own positions which to me is a major conflict of interest if he/she is to be placing all buy/sell orders for millions of peopel to the tape...
If any stock on the regulated exchanges (NAS, NYSE, AMEX) trades below 1.00 for a given period of time ie; 30 days (each exchange has its listing requirements) and/or falls in its minimum market cap requirements for said exchange, then yes, ut ebcomes delisted to OTC- Just like GE, LUM, and many others who once were on the regulated exchanegs and fell below standards.
I am out of PUDC for many reaosns, and you cna see my detaield reasons on Yahoo Finance board why.
Yes I believed in them but recent events have me concerned 1 for 7 split has 90% odds against it for success as most do..
This stock DID NOT trade back down to close the .50 gap created on 5 and 10 day short term charts and this concerns me and unless it does or the split occurs and shows it can hold wihtout being shorted to nothing, then I will re-enter again long term.
I am investing in this stock long term now and it is extremely oversold and undervalued here!!
Anyone watching this hold onto 9.00 level readying to break 10.00 resistance?? After 10.00 there is no resistance all the way up to 20.00 and a 13.01 down gap top close too..
I applaud you as businesses I spoke with and events I watched since last Wednesday; ther are games being played simply put...
CIT is in a niche' industry and it will not nor cannot fail because the whole US economy is tied directly to it from millions of busiensses to millions of downside suppliers to thsoe businesses and tens of millioons of employees in the loop. TO see CIT fail would mean the USA would go back to 1929 in a matter of days and hours folks.
At first I saw this last week and wnated to jump in at 30 some cents but did not because I thought about past GM and WaMu, etc.. But CIT is nothing like those bastards. Now after this morning, I know I made BIG mistake and am in with position, but wish it were at the fabricated 30-40 cent level last week..
This stock was manipulated at open as AH and PreMkt were so strong and massive buy orders, they halted this and tried to scare like last Wednesday so someone's friends could get in.
Word I ehar and some posts on Yahoo or Google finance and Bloomberg, etc say suspicion that very same bondholders who stepepd in with $3B are someof same peopel who orchestrated this shakeout this morning; as it was beyond strange the market opened and immediately sold and STOPPED at .71- the very trade gap created yesterday monring and millions of buy orders were fileld and CIT NEVER fell below that and has moved right back up to over 1.00 as of this post!!!
This was orchestrated.
GM's done as is its stock. As of Friday they halted its trading under PinkSheets.com information due to potential damage to market fundamentals and adverse conditions of its price...
AIG's reverse split seems to be working.
AIG's reverse split seems to be working.
Now SLW below 8.00 today and oversold, and has tech trade gaps all the way up to about 14.00; so when is this going to move higher???
Yes studies should be revealed to give any credence to reports when it is a medical related phenomenom....
I had a sister die at 50 years of age with extreme neuropathy and that is how I came upon this corp and invested to begin with, but after several years am very disappointed with this stock.
Now my 80 year old father has neuropathy badly and needs cane right now and can't stand long, but telling him and his doctor about RBRM, I am ridiculed because the Dr says there are no substantiated reports or stuidies released about this product and much of medical community look at them like some wild west medicine show hack so RBRM needs to step up and act on what their PR releases say to build confidence, trust, credence long term and justify what they are and what they have is as good as the PR states...
Absolutely correct and people NEED to wake up and realize the USA is over, as China now becomes what the USA used to be for 100 years; a growing producing industrialized nation supplying a majority of the known world...
PUDC is and has been at the forefront of this movement and CDII and others likewise will bode well from here.
PUDC reincorporating to Delaware Corp will benefit shareholders...
TAIYUAN, Shanxi, China, July 8, 2009 /PRNewswire-Asia-FirstCall via COMTEX/ -- Puda Coal, Inc. (PUDC) ("Puda Coal" or the "Company"), a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced that it will reincorporate from Florida to Delaware and convert shares of the Florida company's common stock into shares of the Delaware company's common stock at a 7-to-1 ratio. On July 1, 2009, the requisite majority of shareholders of Puda Coal approved a Plan of Conversion in written consent whereby Puda Coal will reincorporate from the State of Florida to the State of Delaware on or about July 31, 2009.
Chinese Govt blocking Hummer deal in China due to environmental concerns and news out of London this morning states they will not allwo GM to sell/build Hummer in China.
I am still amazed people are buying this stock when it has been well advertised the shares will be worthless soon as new shares & ticker are created after BK is done- but as I posted for months, the current economic climate is simply, people will not nor cannot afford to buy or get credit to finance new vehicles, and building subcompacts like in 70's is another lesson we seemed to forget then... It will not work!!!
It is over people- get over it as GM is gone as many other greed run heavy union subsidized corps are goign to be and they thoguht buying Obama the Presidency would save them..?? LOL
MTL adding more large Asian coal supply contracts today::
Mechel Announces Signing of Contracts for Coking and Steam Coal Supplies
8:13a ET June 25, 2009 (GlobeNewswire)
Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces signing of contracts for coking and steam coal supplies to Chinese, Japanese, and South Korean companies for 2009.
Mechel continues its activities to enlarge the geography of coal sales. Having an established successful experience of coal supplies to Japan and South Korea, in 2009 the company also entered the Chinese coal market having signed a number of new large contracts with local customers.
The Company have already commenced supplies of coking coal concentrate produced at Yakutugol and steam coal of various grades to China. Currently total volume of supplies for 2009 fiscal year under Mechel's contracts with Chinese, Japanese, and South Korean companies amounts to approximately 2 million tons of coking coal concentrate produced at Yakutugol and 2.3 million tons of steam coal of various grades produced at Yakutugol and Southern Kuzbass.
Starting from 2007, Mechel also performs successful sales of iron ore concentrate produced at its Korshunov Mining Plant to China.
"China is a very promising market for us. Its steel industry continues to develop fast resulting in stable high demand for our commodities: iron ore concentrate, coking coal concentrate, and ferroalloys. Moreover, signing of the new contracts provided us with the opportunity of deeper understanding of the Chinese market and we continue the activities to enter into new agreements. It is important that supplies to China are performed by both water transport and along railways, thus the flexibility of supply chains makes additional competitive advantage for us. I would like to emphasize that entering into new large contracts with Chinese companies allows us to increase the load of our coal mining facilities that is of particular importance in the current challenging business environment," Mechel OAO Senior Vice-President Vladimir Polin commented.
Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy, and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, rolled products, ferroalloys, hardware, heat and electric power. Mechel products are marketed domestically and internationally.
Russi & Asia are only places where growth is occurring while US is falling deeper into 3rd world status as I see it.
Russia & Asia are becoming what the USA used to be for 100 years, an industrial powerhouse producer of goods other nations need. This corp (MTL) is an exceptional conglomerate of 4 major industries which should do well and if she clears $10.00 today, the next relative resistance is way back up at $20.00 share level after that!!!
Lots of peopel questioning this and on others Tuesday and I had to sell all ym CPSL to meet margin calls adly seeing this occur surprisingly..
Funny, 2 days ago Obama and World bank saying negative stuff and all markets fall fast, yet today, all of sudden US economy is rebounding and doing well after morning's mfg reports and so forth- It is fear tactics and they and cnbc all have to stop this crap. Or else many will simply walk away and say forget stocks altogether.
They tlak of over $3Trillionh in funds with cash still sitting then market tanks in a day, and still nothign changes and no additional funds entering yet??
Prices for many stocks are 10% - 25% maybe of where they sued ot eb this tiem last year, so how can they say they moved up too fast too soon? It is a farce and many are upset seeing this occur is all I know.
I have some Chinese still (CDII, SEED) but what I cna say is Russi and Asia are growing and the US is not- one reasons eeing MTL (Russian conglomerate) sell off so much in 3 days made no sense either so emphasis is on Russia or Asia as they are becomign what the USA used ot be- a major global producer of goods other nations need whiel the USA slips into 3rd world status..
DAR extremely undersold as of today sitting at 6.71 on RSI...
7.71 and then 9.55 down gaps created "again" on Obama fear to markets as resistance is way up at 10.00 range for any appreciable resistance to higher ranges..
SLW oversold on RSI at 8.00 as of today and way undervalued as I see it.. MTL is another one heavily oversold the last week and in very cheap price relevant to their global worth!
This puppy heavily sold off and extremely oversold on RSI as of today... SO is SLW as well for another comparisson..
Well ESLR is at 2.00 as of this post and I took what profit I had other day when certain things started again with Obama's people in the press and now today whole market is way down on massive low volume small spec selling it seems...
Yes sad about this FDA report, but hey, RBRM will have company when GM goes to Pink Sheets today to list & trade on!!!
Was the RBRM thing a simple mistake? Who knows? All I know is over a few years or so I read hundreds of articles they put out and still waiting for the promised land on this investment... Moses didn't wait as long and at least had an eventful experience along the way,,,
What shortcovering? They'll just take the loss on taxes and make up the monies somewhere else on another indice...
Foolish... Remember, tomorrow GM goes on Pink Sheets OTC to trade from here... A penny stock.
What I found weird was my screen at TD showd GM opened at like $27.00 and fell to low of .27 but now it shows 1.01 for the high of today, its last day to trade on the regulated exchange.
Know what is funny? Those of us who invested in a former strong corp like LUMCQ which now is in BK actually are coming out better than GM shareholders today; because (LUM) / LUMCQ today, did a normal BK filing and the feds are not involved and LUMCQ stock is and has been actively trading throughout the process.. LOL
Too big to fail? Goes to show what analysts and media hype have created and so many gullible to follow their advice; as when you invest, ONLY YOU need to do your homework and invest for you as nobody out there gives a damn about your money like you..