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Yeah, been a while, but with the banks selling today, you have to admit stocks are NOT moving with them in panic like months ago and starting to trade on their own merits and common sense after a very long time.
I watched so many give back some upmovement already but long term have great fundamentals from here.
I bought in SLW here and will see what comes in following days.
Started to move, market cap went near $600K then someone shorted small amount to 1 cent again...
??? It all is weird. TD Ameritrade still calls it what it always was named, RBRM. dead today, someone sold very small amount yesterday.
Back again and buying this stock here, as I used ot own it long ago when market was 14,000.
Also bought AUY again and many other metals/miners here
1.72 as of this posting looking good.
Yes today CPSL, PUDC, SUTR and hosts of other Asian related corps will do well long term as the USA is going through a new change and well on its way to lower standard of living for majority of people and possibly 3rd world status one day as we are heading.
China is the sleeping dragon warned about decades ago and is way beyond the USA now in growth & development for its people and unified contracts with other nations on that end of the globe where the USA basically has been drained and runied via NAFTA.
In just the last 12 months, many supposed solid lareg caps are now today penny stocks....
We are entering a new world order and new paradigm such as like what El-Erian spoke about even on cnbc & Bloomberg... America will in time not be anything of what you or I ever saw it as previously... China doing better than us and USA could well be on its way to 3rd world status one day too with new super world power...
To gauge my case, ALL numbers out this a.m. were terrible- Higher unemployment, deeper new housing permits & starts than ever in history, reworking of Feb's numbers now showing Obama & Bernanke lied to fool the public and the spike in Feb was now revised truthfully to a deeper 15% fall, not 20+% increase like they were saying then.
People are NOT spending because they cannot afford to so ALL retails including autos will be hurt more for a very long time so don't expect continued stock growth there.,.. Green talk as I have posted elsewhere also is the new con on the public like ethanol was 2 years ago ruining many people in its wake and running up food costs.
As I said and my CPA keeps telling me, there have been manipulations going on and truth is comign out and why I said the market overall is due to retest 6000 level as none of what is happening should be especially with bank stocks all of a sudden either- banks are reporting numbers as costs saviongs from deep job cuts and increases taxpayer TARP funds- they are NOT from new generated business as they are making peopel think ebcause thyey are NOT granting the amount of loans Obama keeps spouting about, especially to us small business people; banks are horading and not loaning and running people around knwoing they really do not intend on giving a loan to decent creditworthy people...
Hell, even Donald Trump the NY Democrat is even uspet at this administrtaion and saying same thing- his freinds who are saavy in market telling him market is goign to tank real soon so be cautious in buying bank stocks especially...
Bad lawsuit news today for Mechel: Gonna take profits and sit back here a while.
OAO Mechel Sued Over Failing To Disclose Price-FixingLast update: 4/9/2009 7:37:30 AM(This article was originally published Wednesday.)
By Chad Bray
Of DOW JONES NEWSWIRE
NEW YORK (Dow Jones)--A shareholder has sued Russian mining and metals company OAO Mechel (MTL) for allegedly failing to disclose material information regarding its business practices after Russia's antitrust body found it guilty of price-fixing coking coal last year. The lawsuit, filed in U.S. District Court in Manhattan, claims the company failed to disclose material facts regarding its financial well-being and alleged anticompetitive and monopolistic business practices.
If the small people stop shorting this as soon as any volume attempts to return, its market cap increases on volume increase and if let alone, may perhaps enccourage larger buyers over time and actually see this stock regain some price loss and become respectable again!
If the small people stop shorting this as soon as any volume attempts to return, its market cap increases on volume increase and if let alone, may perhaps enccourage larger buyers over time and actually see this stock regain some price loss and become respectable again!
DAR / Darling of a stock long term but I am waiting for trade gap at 4.00 level to fill before I re-enter long term with large position.
CLNE needs to retrace 6.00 gap level when last market pop up occurred couple weeks ago, but Obama needs to stop talking during the day as it still scares the overall markets.
I like CLNE and took profits, because too much nervousness long term yet everywhere and at 6.00 level gap I will re-enter with larger long term position only then,....
I like Ford stock over any US auto maker but am out of it until it retraces to $2.70 level and see how next sales figures come out; because this is a retail item and with worst employment numbers in decades (people have less $ and spending less $), sales will not be what they used to be for many years and a new readjusted business model will come out, so in time I will evaluate what I see before I buy into Ford again...
I hate losses and have had my share, but now with recent news out with GM going to be split in two on top of the bankruptcy regardless, you will see GM dropped off DOW and now talk of Alcoa as well as the world changes to a new order of business.
This old attitude about being too big or too old to fail no longer applies and people need to be careful even holding GM shares as you have no idea what is going on behind closed doors at night and over weekends and could wake up finding your stock worthless if you already aren't holding losses.
I am holding over 50,000 shares of a supposed solid corp that in a year now is worth 1 cent per share and it was found from the PR and corp news that corp insiders were lying to their SEC filings, etc and us shareholders got screwed and I would not doubt anything like this may or may not be tied to GM; but the sheer amount of funds the feds gave them, worst employment numbers in decades and this is a retail item (cars) and you will NOT see any rebound of car sales to anything of what they used to be, and GM could easily become a penny stock in hours regardless what some might think- I have seen it before, and I have lived through 3 corps that had solid stocks that now are trading in pennies, so it is not worth being invested in GM UNLESS in time in the future they do prove they can stand on their own without loans from feds and are making pure profits cutting expenses because they have failed on all counts...
Good luck to all in GM but I wouldn't hit a dead horse in the ass with their stock right now..
Another good day for MTL and GM I see is going to be dropped from DOW and replacement being sought for that once stellar US corp...
GM going to be taken off DOW and replacement corp being sought to replace it...
I would NOT own this stock now and with repeated talk of bankruptcy included and only a fool would IMO... Ford only decent car maker left but I even took profits today on that as too much good happening in markets when reality is more bad going on in the USA and national unemployment rate (including all stopped or stalled seekers and new filings) running at 15.8% real levelas of today !!!!
And the market showing the largest 4 week gains in 70+ years when massive new job devasation numbers came out and troubles in economy, riots & marches going on against banks here and Europe and North Korea going to launch nuke missle enxt week; something weird is going on and I think we have the largest ebar market ehad fake rally hapenign and it will do major reversal soon and lose 2000 points to retest 60000 level lows set...
USPS is massive greedy union too. The Prez costs $100,000.00 per hour taxpayer monies when he flies Air Force One too. Should I go on??
This is excellent stock to be invested in regardless... Also MTL is another one to watch long term.
Clean Energy Applauds Proposed Federal Legislation to Significantly Increase Natural Gas Vehicle Use in AmericaLast update: 4/2/2009 8:00:09 AM--
HR 1835, the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act Introduced by Congressmen Dan Boren, John Larsen and John Sullivan, Aims to Transform How Americans Fuel Transportation Vehicles and Reduce Imported Oil --
SEAL BEACH, Calif., Apr 02, 2009 (BUSINESS WIRE) -- Clean Energy Fuels Corp. (CLNE) announced strong support for the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act introduced in Congress on Wednesday. Seeking to accelerate the production and use of natural gas-fueled vehicles, the bi-partisan-sponsored legislation would greatly enhance alternative fuel tax credits for natural gas used as a vehicle fuel, for the purchase of natural gas-fueled vehicles, and for the installation of natural gas vehicle refueling properties. The bill would also encourage OEMs to produce dedicated natural gas and bi-fuel natural gas vehicles, and require federal government use of natural gas vehicles in a portion of its fleets. "Worldwide, natural gas vehicle use is expanding dramatically. Natural gas vehicle solutions are no longer in the proof of concept stage, but rather are being rapidly adopted by many countries seeking to reduce petroleum use and improve the environment," said Andrew J. Littlefair, Clean Energy president and CEO. "The support by the federal government through this legislation can have a meaningful impact on how we as Americans manage our energy resources, swapping more expensive imported oil for less costly domestic natural gas -- an abundant, American transportation fuel."
I agree too Riley as others who invested (on corp product substance), but some of this PR reminds me of what FXPE did (Fox Petroleum) in their SEC reports and prospectuses looking so good when in fact they were regirgitating the same old thing into a new verbiage and never ended up being what they fooled many in thinking they were..
I hope I am wrong too in my concerns.
Told you MTL was good- Kinda like the GE of Russia today, well diversified and into every emerging growth nation as well...
Funny as the world changes I am nto sure GE will be as she once used to be and you need to watch MTL and others as the world can and will be changing and what once was reliable no longer will be and MTL is and can easily be at the forefront...
This stock is moving again and one of better long term investments with Asian emerging nations as their demand increases exponentially..
Hey, I own this too in my portfolio.
Most of the China stocks in oru protfolio like SUTR are showing signs of growth as China is the biggest emerging industrialized nation with massive demand needs to be met globally and we only just begun there,,,
GM getting split in two and BK inevitable.. As I said I liked GM trucks but GM is not too big to fail like AIG or Citi or others and the UAW has destroyed this compnay and it is too gone to recover at this point and nobody should be holding shares of it IMHO as I have seen this many tiems over the eyars and FORD is only sound successful long time US car maker and they will not need TARP funds and even reported increases ins ales for March in global markets..
Now all these soon to be out of work union people if you want to work hard and have pride in what you do (for the customer) for an independent company like mine and not afraid to get dirty and give me a solid 8hrs a day of results for the betterment of my company, I would hire you here (HandySteve01@aol.com) Skills need to be varied from electrical to plumbing to drywall work/finishing, carpentry and other once praised skills that my busines still incorporated for my customers as I have a multi-skilled handyman repair & remodeling services company here and I am one of the few who are busy and working in my region because of my diversified skills.....
This is good but remember, none of these discounts are across the board.... They are for "qualified buyers" meaning a FICO of around 740 plus which eliminates about 3/4ths of the current US consumer anyway.
GM is going to end up in BK and today overseas talking of GM getting split in two- either way GM is NOT too big to fail like AIG and FNME and Citi but too many people are stuck in denial of a dream or hope and they will lose their $$$ if they hold GM stock....
FORD is the only successful long running US car company who has their business under control and not needing TARP funds and even have seen increase in sales in several markets globally they sell into...
This is why I sold all GM shares and said they would go BK- and NOBODY ought to be holding common shares as you will lose everything when they do. This happened to me with 3 other supposed large stable corps and I learned my lessons well from my losses, and GM simply is dead; and their mantra now about doing new changes sounds like Obama's 24/7 dialogue speeches and is same thing they said last year whining the first time for TARP funds and did nothing but fund the high paid execs and paid off the UAW with OUR tax monies people!!!
LOL to me then it is... or is it?
I guess within the next couple days we will see if I am right or wrong, but all markets trade through all price points in time, and GE has gap to close from recent gap up at the 7.45 level. In 25 years of investing in commodities and equities, I have seen the impossible occur so do not discount GE being shorted heavily and the 7.45 gap closed in that process before it is allowed to trade normal from there.
CPSL getting legs on again as is overall market with basing taking place, and soon strong trend change to occur with this and many others going way up..
GM won't because they already lied to you and me and the public and are like AIG and I wouldn't touch the bastards with a 10 foot pole!
They will get what they deserve! Ford is only solid US auto maker to invest in long term.
ENT getting some legs along with rest of overall markets!!
This stock going strong, though shorts try to short it on recent growth, but it rebounds as overall market is now rebounding and we have several positive weeks in market now after many months of down, and I wouold be very careful if i were a shorts eller any longer' especially after bernanke's new tools he remarked about today and what fed will do with toxic assets and US t-Bonds..
Starting to get some legs now that markets have based and actually first time we had two week positive on DOW in many months.
Hey got to 21cents today.
Yes, I said Ford will be fine and the last week to two weeks upward movement tells me this is not goign to be any near rally, but is renewed interest and investors coming back in buying up this stock and others long term from these historical low prices.
Short covering is occurring and the markets are NOT getting shorted as they have bene for over 6 months on heels of today's news and recent Fed changes going into effect and the shorts are getting concerned to go against this momentum..
You watch in a couple weeks when they institute uptick rules again, this stock and overall market will rally much higher from there and shorts squeezed out fast.
AIG used to have AAA rating too and today is a penny stock with feds pumping nearly $200 Biullion with no results thus far.
In this new paradign shift going on, GE getting credit rating cut is not a good thing and will weigh against future finance needs while the banks are going through new federal restraints to lend, etc and their valuation overall..
As an old technical trader fellow here, I sold my GE shares 2 days ago; and when GE falls to close & trade through a 7.45 technical gap created seen on 5 & 10 day charts, I will then invest serious funds long term from there back into this corp.
5000 share volume today and someone pushed this baby up .004 !!!
Maybe if they talk about this on Cramer, it might do something stellar?
Screw Cramer, as I decided to invest in this global corp as well as everything about them and regarding growth demand in Asian regions will benefit this stock.
Cramer talks of risk? What about all the risk in the US markets with corp greed & fraud from housing to banks to corps (ruining peoples' lives), and you say the Russians pose high degree of risk?
Well, market Watch report out today shows baby boomers (which hold a lot of wealth) are leaving US stocks after this Madoff disaster, so with a new paradigm upon us globally, MTL is just as good investment as Chinese steel & coal plants too.
I just came into this stock and am researching it some now for possible investment long term...