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MHJ: $1.99 $12 / share net cash, profitable China low floater
http://finance.yahoo.com/q/ks?s=MHJ
If you are looking to buy so,me of these stocks at crazy fire sale prices look at MHJ.
$80 MM or $12 / share cash.
Net cash after debt is $6 / share.
With a tiny 3 MM float will rise fast with market rebound MHJ pearls will always be in high demand.
MHJ: $1.99 $12 / share net cash, profitable China low floater
http://finance.yahoo.com/q/ks?s=MHJ
If you are looking to buy so,me of these stocks at crazy fire sale prices look at MHJ.
$80 MM or $12 / share cash.
Net cash after debt is $6 / share.
With a tiny 3 MM float will rise fast with market rebound MHJ pearls will always be in high demand.
Back in, way too cheap. PMI also moving. $2.65. Cheapest mortgage stock has over $20 ook value. $900 Million asset sale finalized in next 2 weeks or so. Gapped up $1.25 on initial PR in August. After this will have $2 Billion cash. This was a $70 stock.
http://biz.yahoo.com/prnews/081001/aqw136.html?.v=1
PMI moving. $2.65. Has over $20 Book value. $900 Million asset sale finalized in next 2 weeks or so. Gapped up $1.25 on initial PR in August. After that will have $2 Billion cash. This was a $70 stock.
http://biz.yahoo.com/prnews/081001/aqw136.html?.v=1
PMI moving. $2.65. Has over $20 Book value. $900 Million asset sale finalized in next 2 weeks or so. Gapped up $1.25 on initial PR in August. After that will have $2 Billion cash. This was a $70 stock.
http://biz.yahoo.com/prnews/081001/aqw136.html?.v=1
Bought back 60000 shares today. Also loaidng up on China stocks they have hit rock bottom IMNO. Check out SUTR at $2,5, $2 per share cash and 3 PE ratio, Insider just bought at 3.75.
Bought back FRE. AGM saved my butt sold at $10.
AGM: This feature of bailout is HUGE:
-Allow companies to carry back losses arising in tax years ending in 2007, 2008, or 2009 back five years, generating a tax refund and immediate capital.
That means AGM can carry back their Lehman and Freddie Mac losses immediately and get around $30 MM tax refund.
This combined with the $65 MM in new capital puts AGM liquidity back to where it was when it was $30.
The after tax effect of the writeoffs on book value will be about $7 per share. So I think AGM should still trade at least $20 but I will settle for $15 as a quick double.
Tsk. Tsk. Noone bought my AGM?
Pushing $10.
MONSTER short squeeze at AGM. 1.4 M short 10 MM float
AGM Lots of fun. Glad someone took my advice. Wish I had bought more got 22,000 shares at $7.
AGM $7.50 +$.70 Over $1 EPS last quarter
AGM, a farm mortgage company, was over $30 a few weeks ago. Only 10 MM float. Now that they solved the financial short term issue, this is an incredible buy.. unlike residential housing farm sector is BOOMING.
A group of farm lenders rescued Farmer Mac from a glut of souring investments by injecting $65 million of fresh capital into the smaller cousin of Freddie Mac and Fannie Mae.
As part of the move Wednesday, Farmer Mac, which is chartered by Congress to operate a secondary market for farm loans, replaced Henry D. Edelman as its chief executive, a position he had held since its creation in 1989.
Mr. Edelman, 59 years old, was succeeded by Michael A. Gerber, the 49-year-old chief executive of Farm Credit of Western New York. Mr. Gerber will hold the position until a permanent CEO is found for Farmer Mac, which is formally known as Federal Agricultural Mortgage Corp.
In 4 p.m. New York Stock Exchange composite trading Wednesday, Farmer Mac's heavily traded nonvoting Class C shares jumped 66%, or $2.69, to $6.79 a share. The stock traded at about $29 a share a month ago, before a mid-September tailspin.
Farmer Mac's stumble comes as farm banks are riding high. While bad debts are battering the home-mortgage industry, rural lenders are benefiting from a two-year boom in grain prices, which is lifting farmland prices to record levels. Because land is the biggest source of collateral for farmers, the farm-debt picture is its brightest in decades: The delinquency rate on the $9.5 billion in farm and rural loans under Farmer Mac's umbrella is the lowest in its history.
What got Farmer Mac in trouble were losses in its investment portfolio, which included one million preferred shares of Fannie Mae. The value of the shares evaporated when the federal government took Fannie Mae into conservatorship Sept. 7, and Farmer Mac faced a $44 million write-down. A week later, Farmer Mac took another hit when Lehman Brothers Holdings Inc. filed for protection under Chapter 11 of the federal bankruptcy code, casting a cloud over its holdings of $60 million in Lehman debt securities.
The losses threatened to drain Farmer Mac's capital below the minimum level required by regulators. Farmer Mac's move to sell $65 million of preferred stock to some of its biggest banking customers brought its capital level up to $210 million, above the minimum statutory requirement of $181 million.
Most of the new capital came from the five banks in the Farm Credit System, a network of lenders created by Congress in 1916 to lend to farmers. An additional $5 million of preferred stock was purchased by Zions Bancorp of Salt Lake City, which has owned about a fifth of Farmer Mac's voting shares.
As part of the rescue plan, the preferred stock bought by the Farm Credit System banks will pay an initial annual dividend of 10%. The Farm Credit System banks also get the right to nominate three observers to the Farmer Mac board.
Write to Scott Kilman at scott.kilman@wsj.com
AGM $7.05 Over $1 EPS last quarter
AGM wa sover $30 a few weeks ago. Only 10 MM float. Now that they solved the financial short term issue, this is an incredible buy.. unlike residential housing farm sector is BOOMING.
A group of farm lenders rescued Farmer Mac from a glut of souring investments by injecting $65 million of fresh capital into the smaller cousin of Freddie Mac and Fannie Mae.
As part of the move Wednesday, Farmer Mac, which is chartered by Congress to operate a secondary market for farm loans, replaced Henry D. Edelman as its chief executive, a position he had held since its creation in 1989.
Mr. Edelman, 59 years old, was succeeded by Michael A. Gerber, the 49-year-old chief executive of Farm Credit of Western New York. Mr. Gerber will hold the position until a permanent CEO is found for Farmer Mac, which is formally known as Federal Agricultural Mortgage Corp.
In 4 p.m. New York Stock Exchange composite trading Wednesday, Farmer Mac's heavily traded nonvoting Class C shares jumped 66%, or $2.69, to $6.79 a share. The stock traded at about $29 a share a month ago, before a mid-September tailspin.
Farmer Mac's stumble comes as farm banks are riding high. While bad debts are battering the home-mortgage industry, rural lenders are benefiting from a two-year boom in grain prices, which is lifting farmland prices to record levels. Because land is the biggest source of collateral for farmers, the farm-debt picture is its brightest in decades: The delinquency rate on the $9.5 billion in farm and rural loans under Farmer Mac's umbrella is the lowest in its history.
What got Farmer Mac in trouble were losses in its investment portfolio, which included one million preferred shares of Fannie Mae. The value of the shares evaporated when the federal government took Fannie Mae into conservatorship Sept. 7, and Farmer Mac faced a $44 million write-down. A week later, Farmer Mac took another hit when Lehman Brothers Holdings Inc. filed for protection under Chapter 11 of the federal bankruptcy code, casting a cloud over its holdings of $60 million in Lehman debt securities.
The losses threatened to drain Farmer Mac's capital below the minimum level required by regulators. Farmer Mac's move to sell $65 million of preferred stock to some of its biggest banking customers brought its capital level up to $210 million, above the minimum statutory requirement of $181 million.
Most of the new capital came from the five banks in the Farm Credit System, a network of lenders created by Congress in 1916 to lend to farmers. An additional $5 million of preferred stock was purchased by Zions Bancorp of Salt Lake City, which has owned about a fifth of Farmer Mac's voting shares.
As part of the rescue plan, the preferred stock bought by the Farm Credit System banks will pay an initial annual dividend of 10%. The Farm Credit System banks also get the right to nominate three observers to the Farmer Mac board.
Write to Scott Kilman at scott.kilman@wsj.com
AGM $7.05 Over $1 EPS last quarter
AGM wa sover $30 a few weeks ago. Only 10 MM float. Now that they solved the financial short term issue, this is an incredible buy.. unlike residential housing farm sector is BOOMING.
A group of farm lenders rescued Farmer Mac from a glut of souring investments by injecting $65 million of fresh capital into the smaller cousin of Freddie Mac and Fannie Mae.
As part of the move Wednesday, Farmer Mac, which is chartered by Congress to operate a secondary market for farm loans, replaced Henry D. Edelman as its chief executive, a position he had held since its creation in 1989.
Mr. Edelman, 59 years old, was succeeded by Michael A. Gerber, the 49-year-old chief executive of Farm Credit of Western New York. Mr. Gerber will hold the position until a permanent CEO is found for Farmer Mac, which is formally known as Federal Agricultural Mortgage Corp.
In 4 p.m. New York Stock Exchange composite trading Wednesday, Farmer Mac's heavily traded nonvoting Class C shares jumped 66%, or $2.69, to $6.79 a share. The stock traded at about $29 a share a month ago, before a mid-September tailspin.
Farmer Mac's stumble comes as farm banks are riding high. While bad debts are battering the home-mortgage industry, rural lenders are benefiting from a two-year boom in grain prices, which is lifting farmland prices to record levels. Because land is the biggest source of collateral for farmers, the farm-debt picture is its brightest in decades: The delinquency rate on the $9.5 billion in farm and rural loans under Farmer Mac's umbrella is the lowest in its history.
What got Farmer Mac in trouble were losses in its investment portfolio, which included one million preferred shares of Fannie Mae. The value of the shares evaporated when the federal government took Fannie Mae into conservatorship Sept. 7, and Farmer Mac faced a $44 million write-down. A week later, Farmer Mac took another hit when Lehman Brothers Holdings Inc. filed for protection under Chapter 11 of the federal bankruptcy code, casting a cloud over its holdings of $60 million in Lehman debt securities.
The losses threatened to drain Farmer Mac's capital below the minimum level required by regulators. Farmer Mac's move to sell $65 million of preferred stock to some of its biggest banking customers brought its capital level up to $210 million, above the minimum statutory requirement of $181 million.
Most of the new capital came from the five banks in the Farm Credit System, a network of lenders created by Congress in 1916 to lend to farmers. An additional $5 million of preferred stock was purchased by Zions Bancorp of Salt Lake City, which has owned about a fifth of Farmer Mac's voting shares.
As part of the rescue plan, the preferred stock bought by the Farm Credit System banks will pay an initial annual dividend of 10%. The Farm Credit System banks also get the right to nominate three observers to the Farmer Mac board.
Write to Scott Kilman at scott.kilman@wsj.com
CCOW low float BAILOUT play rose $8 in ONE day last Friday to $12. Am in for possible supercrazy move tomorrow. Right now its $4.15
http://finance.yahoo.com/echarts?s=CCOW#symbol=CCOW;range=5d
CCOW low float BAILOUT play rose $8 in ONE day last Friday to $12. Am in for possible supercrazy move tomorrow. Right now its $4.15
http://finance.yahoo.com/echarts?s=CCOW#symbol=CCOW;range=5d
CCOW low float BAILOUT play rose $8 in ONE day last Friday to $12. Am in for possible supercrazy move tomorrow. Right now its $4.
http://finance.yahoo.com/echarts?s=CCOW#symbol=CCOW;range=5d
WAMUQ MONSTROUS NEWS: $1 soon?
Forum: Wall Street Pit (See more WM msgs)
NEW YORK (Dow Jones)--The senior and subordinated holding company bonds of
Washington Mutual soared in value Tuesday after the firm confirmed it has more
cash than previously thought that can go towards paying off holders of this
debt as part of the company's restructuring.
In a filing with the Securities and Exchange Commission (SEC), Washington
Mutual confirmed that it and its non-bank subsidiaries had approximately $5
billion of cash on deposit with Washington Mutual Bank and its bank subsidiary,
Washington Mutual Bank fsb.
"This cash can go to paying off bondholders as part of the company's
bankruptcy restructuring," said Guy LeBas, fixed income strategist at Janney
Montgomery Scott. The confirmation has seen Washington Mutual's bonds rally
sharply.
LeBas said the thrift's senior unsecured bonds were bid at 67 cents on the
dollar Tuesday morning. This implies investors could now be looking at a
significantly higher recovery of 88 cents on the dollar on the senior debt,
LeBas calculated. This is assuming a 20% discount and an 18 month timeframe to
resolution of the bankruptcy, he said.
The senior bonds closed last week at around 42 cents on the dollar.
The subordinated bonds meanwhile are seen trading in the mid to high teens
against a mere four cents on the dollar late Friday, another portfolio manager
said. Recovery on the subordinated debt is a little murkier, LeBas said,
because it depends a lot more on the goodwill of Washington Mutual's other
creditors. He estimates that holders of this debt could be looking at recouping
around 10 cents on the dollar.
JP Morgan Chase & Co. (JPM) announced late Thursday it will acquire all
deposits, assets and certain liabilities of Washington Mutual's banking
operations from the FDIC.
Washington Mutual collapsed under a surge of deposit withdrawals.
The deal involves JP Morgan acquiring Washington Mutual's branches, deposits
and its loan assets. JP Morgan, however, won't take on any of Washington
Mutual's unsecured debt or preferred stock or any of the assets of liabilities
of the holding company nor the holding company's non-bank subsidiaries.
Initial estimates from CreditSights last week put the cash balance at the
holding company at about $2.8 billion.
Such a small cash balance would have been nowhere near enough to ensure that
the bondholders would fully recover their investment in the firm. Indeed,
Washington Mutual has about $5.7 billion of unsecured bonds, including $4.1
billion of senior debt and $1.6 billion of subordinated debt, according to
CreditSights.
As a result, market participants last week were estimating that the recovery
prospects for senior and subordinated bondholders looked very bleak indeed.
Senior unsecured bondholders could have been looking at a recovery on their
investment of between $0.25-$0.30, while subordinated debt holders may end up
with very little at all, participants said at the time.
-By Kate Haywood and Romy varghese, Dow Jones Newswires; 201-938-2348;
kate.haywood@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/al?rnd=ssOOQJa0bVq17iQhEhuI6g%3D%3D. You can use this
link on the day this article is published and the following day.
(END) Dow Jones Newswires
09-30-08 1620ET
Copyright (c) 2008 Dow Jones & Company, Inc.
MONSTROUS NEWS: WAMUQ $1 soon?
Forum: Wall Street Pit (See more WM msgs)
NEW YORK (Dow Jones)--The senior and subordinated holding company bonds of
Washington Mutual soared in value Tuesday after the firm confirmed it has more
cash than previously thought that can go towards paying off holders of this
debt as part of the company's restructuring.
In a filing with the Securities and Exchange Commission (SEC), Washington
Mutual confirmed that it and its non-bank subsidiaries had approximately $5
billion of cash on deposit with Washington Mutual Bank and its bank subsidiary,
Washington Mutual Bank fsb.
"This cash can go to paying off bondholders as part of the company's
bankruptcy restructuring," said Guy LeBas, fixed income strategist at Janney
Montgomery Scott. The confirmation has seen Washington Mutual's bonds rally
sharply.
LeBas said the thrift's senior unsecured bonds were bid at 67 cents on the
dollar Tuesday morning. This implies investors could now be looking at a
significantly higher recovery of 88 cents on the dollar on the senior debt,
LeBas calculated. This is assuming a 20% discount and an 18 month timeframe to
resolution of the bankruptcy, he said.
The senior bonds closed last week at around 42 cents on the dollar.
The subordinated bonds meanwhile are seen trading in the mid to high teens
against a mere four cents on the dollar late Friday, another portfolio manager
said. Recovery on the subordinated debt is a little murkier, LeBas said,
because it depends a lot more on the goodwill of Washington Mutual's other
creditors. He estimates that holders of this debt could be looking at recouping
around 10 cents on the dollar.
JP Morgan Chase & Co. (JPM) announced late Thursday it will acquire all
deposits, assets and certain liabilities of Washington Mutual's banking
operations from the FDIC.
Washington Mutual collapsed under a surge of deposit withdrawals.
The deal involves JP Morgan acquiring Washington Mutual's branches, deposits
and its loan assets. JP Morgan, however, won't take on any of Washington
Mutual's unsecured debt or preferred stock or any of the assets of liabilities
of the holding company nor the holding company's non-bank subsidiaries.
Initial estimates from CreditSights last week put the cash balance at the
holding company at about $2.8 billion.
Such a small cash balance would have been nowhere near enough to ensure that
the bondholders would fully recover their investment in the firm. Indeed,
Washington Mutual has about $5.7 billion of unsecured bonds, including $4.1
billion of senior debt and $1.6 billion of subordinated debt, according to
CreditSights.
As a result, market participants last week were estimating that the recovery
prospects for senior and subordinated bondholders looked very bleak indeed.
Senior unsecured bondholders could have been looking at a recovery on their
investment of between $0.25-$0.30, while subordinated debt holders may end up
with very little at all, participants said at the time.
-By Kate Haywood and Romy varghese, Dow Jones Newswires; 201-938-2348;
kate.haywood@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/al?rnd=ssOOQJa0bVq17iQhEhuI6g%3D%3D. You can use this
link on the day this article is published and the following day.
(END) Dow Jones Newswires
09-30-08 1620ET
Copyright (c) 2008 Dow Jones & Company, Inc.
WB is next AIG FRE:
The New Wachovia - This Is Whats Included Inside! 29-Sep-08 10:26 pm The New Wachovia New Look.
Capital Management
Capital Management leverages its multi-channel distribution to
provide retail and institutional clients with a full line of proprietary
and nonproprietary investment, securities lending and retirement
products and services, including Evergreen Investments,
Wachovia Global Securities Lending, and Retirement and
Investment Products. With the addition of A.G. Edwards, retail
brokerage services are offered through 14,600 financial advisors
in 3,700 Wachovia Securities offices nationwide.
$7.8 billion total revenue
$1.2 trillion broker client assets
$274.7 billion assets under management
$112.9 billion mutual fund assets
$161.8 billion separate account assets
$113.3 billion retirement plan assets
Wealth Management
With nearly 200 years of experience in managing wealth,Wealth
Management tailors the capabilities of a major financial institution
to the individual needs of high net worth individuals, their families
and businesses. We serve the affluent client with $250,000 in
investable assets to the ultra high net worth client with $50 million
or more, in the ways that meet their individual needs with banking,
trust, investment and insurance services
$1.5 billion total revenue
$21.3 billion average loans
$17.1 billion average core deposits
$83.5 billion assets under management
1,118 wealth management advisors
242 insurance broker.
2.1 Billion from Citi as result of sale of Banking Division & elimation of debt.
"I would say that what is left -- the retail brokerage and Evergreen -- is worth about $5 a share to $7 a share," said Robert Patten, a banking analyst with Morgan Keegan & Co.
http://blog.al.com/spotnews/2008/09/citi...
only thing you'' get at 0.4 is a piece of bubble gum its bottomed.
smart cookie.
I have 250 K shares at $.20.
What do ya think of WM?
Last Friday when bailout rumors STARTED LEH rose over 100%. Logic says with the bailout finalized could see $.60 - $.70 on Monday maybe $1 this week.
Like I said its about trader speculation and short covering.. go with the flow.
LEH going way up Monday on speculation about bailout funds. Whether it ends up getting any is an open question, but as can be seen by the chart below, FRE and lEH have moved in lockstep in last 3 days based on bailout progress or lack thereof.
http://finance.yahoo.com/echarts?s=LEHMQ.PK#chart1:symbol=lehmq.pk;range=5d;compare=fre;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Hoping for $.50 open on Monday.
JJ you have absolutely NO idea what you are talking about. I have an MBA in Finance and I can assure anyone on this board, if LEH Chapter 11 is reversed with bailout, the share structure will remain intact as the creditors will remain whole.
Shares only get cancelled to compensate creditor shortfalls.
JJ you are quite a piece of work man! That was the most straightforward accurate post anyone can make! Margin call selling baby!
Directors SELLING may have had MARGIN CALLS...
I have seen dozens of times where insiders bought there own stock on margin and had to sell. Also they may have sold for tax reasons, and the sales are PUNY compared to overall insider holdings.
Why LEHMQ could be a 100 Bagger:
S + P defends LEH A Rating:
http://www.reuters.com/article/marketsNews/idINN2446040820080924?rpc=44
LEH Chapter 11 reversal:
Article (4) confirms Lehman can use the bailout funds
and reverse thier chapter 11 filing !!!!
(4)
The Federal Reserve and U.S. Treasury and various member of the US Congress have
announced an intention to create a bailout designed to stem further losses in the Residential
Mortgage-Related Markets. There is every indication that the Debtor could and will be able to
participate in this bailout fund, thereby providing further protections from losses related to
Residential Mortgage-Related Investments, such that the Debtor’s best course of action may be to
petition this Court to dismiss its Bankruptcy
What really happened to LEH:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=225146&mid=225146&tof=103&frt=2
Bankruptcy reorganizatioin withdrawal near?
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=219126&mid=219126&tof=130&frt=2
Why LEHMQ could be a 100 Bagger:
S + P defends LEH A Rating:
http://www.reuters.com/article/marketsNews/idINN2446040820080924?rpc=44
LEH Chapter 11 reversal:
Article (4) confirms Lehman can use the bailout funds
and reverse thier chapter 11 filing !!!!
(4)
The Federal Reserve and U.S. Treasury and various member of the US Congress have
announced an intention to create a bailout designed to stem further losses in the Residential
Mortgage-Related Markets. There is every indication that the Debtor could and will be able to
participate in this bailout fund, thereby providing further protections from losses related to
Residential Mortgage-Related Investments, such that the Debtor’s best course of action may be to
petition this Court to dismiss its Bankruptcy
What really happened to LEH:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=225146&mid=225146&tof=103&frt=2
Bankruptcy reorganizatioin withdrawal near?
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=219126&mid=219126&tof=130&frt=2
Outstanding LEH DD Links and Posts:
S + P defends LEH A Rating:
http://www.reuters.com/article/marketsNews/idINN2446040820080924?rpc=44
LEH Chapter 11 reversal:
Article (4) confirms Lehman can use the bailout funds
and reverse thier chapter 11 filing !!!!
(4)
The Federal Reserve and U.S. Treasury and various member of the US Congress have
announced an intention to create a bailout designed to stem further losses in the Residential
Mortgage-Related Markets. There is every indication that the Debtor could and will be able to
participate in this bailout fund, thereby providing further protections from losses related to
Residential Mortgage-Related Investments, such that the Debtor’s best course of action may be to
petition this Court to dismiss its Bankruptcy
What really happened to LEH:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=225146&mid=225146&tof=103&frt=2
Bankruptcy reorganizatioin withdrawal near?
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=219126&mid=219126&tof=130&frt=2
Ha. TOO funny. This will be $2.50 in a nanosecond.
Anyone trading this gold mine for pennies is short sighted.. This will be $2 in 5 days.
LEHMQ will be $2 soon like FRE: S + P defended continuing A rating on LEH yesterday. LEH is the NEXT FRE.
Do your DD, LEH is nowhere NEAR bankrupt, WAY more assets than liabilities they are only REORGANIZING by selling off parts of the company and will emerge as a Viable worldwide bank. $5 Target.
I jumped in pretty big today when I saw the news about the A rating being intact. That to me is HUGE!!
I kinda thought the same thing but did u see A rating defense news today?
Rawnoc, you think LEH is a POS? Interested on your analysis why.
FRE to $5. GREAT DD Summary:
http://investorshub.advfn.com/boards/board.aspx?board_id=13016
FRE- Rawnoc did a great job bought under $1 this morning.
wow your making it too complicated turn off your TV and sell at $3 next week.
Time to buy China. EFUT numner one choice:
The Chinese stock market has been absolutely slaughtered the past 12 months and is down about 60%. I have read a number of articles that have said now is the time to begin buying Chinese stocks again. We also know that the Chinese government just got rid of a stamp tax on stocks in order to help the market. We also know that the chinese government lowered interest rates last week for the first time in 6 years in order to help their stock market. We also know that small caps perform their best from late September to December
Lots of China bargains but I Like EFUT the most because of its tiny 2 MM float. Last October ran from $12 to $34 in a few weeks,
Couple the good overall China structural market incentives with EFUT going into its seasonally strongest third and quarters with record sales and profit forecasts and EFUT is set to much higher very quickly after the market bottom.