Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hoku Scientific news out this morning
10-Jan-2008
Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
First Amended and Restated Supply Agreement with Solarfun Power Hong Kong Limited
On November 19, 2007, Hoku Scientific, Inc., or Hoku Scientific, entered into a supply agreement with Solarfun Power Hong Kong Limited, or Solarfun, a subsidiary of Solarfun Power Holdings Co., Ltd., for the sale and delivery of polysilicon to Solarfun over an eight-year period beginning in July 2009, or the Supply Agreement. Pursuant to the Supply Agreement, Solarfun provided Hoku Scientific with an immediate cash deposit of $1 million, and was required to pay an additional cash deposit of $9 million on or before December 28, 2007, as a prepayment for future product deliveries. In addition, Solarfun is required to pay Hoku Scientific an additional $45 million, as a prepayment for future product deliveries, in increments of $20 million, $20 million, and $5 million on or before September 30, 2008, March 31, 2009, and March 31, 2010, respectively. As security for Solarfun's $45 million prepayment obligation, Solarfun is required to deliver to Hoku Scientific a $45 million stand-by letter of credit, or deposit the $45 million into an escrow account, on or before January 10, 2008.
On January 7, 2008, Hoku Scientific and Solarfun entered into an amended and restated Supply Agreement, or the Amended Supply Agreement, to allow Solarfun until February 15, 2008 to process the required statutory approval for the issuance of a $44 million standby letter of credit. In exchange for the extension of time, Solarfun has provided Hoku with a $1 million prepayment, in addition to the $10 million cash payment that was made in December 2007. The additional $1 million payment reduces Solarfun's future $45 million prepayment obligation to $44 million, but increases amounts that have been paid to Hoku Scientific to a total of $11 million since the contract was signed in November 2007. Under the Amended Supply Agreement, Solarfun is required to pay Hoku Scientific the additional $44 million, as a prepayment for future product deliveries, in increments of $19 million, $20 million, and $5 million on or before September 30, 2008, March 31, 2009, and March 31, 2010, respectively.
Under the Amended Supply Agreement, if Solarfun does not deliver the $44 million stand-by letter of credit or deposit the $44 million into an escrow account, then Hoku Scientific may immediately terminate the agreement and retain the $11 million initial cash deposit as liquidated damages.
The Amended Supply Agreement will be filed with Hoku Scientific's Quarterly Report on Form 10-Q for the fiscal quarter ending December 31, 2007.
HOKU printing upper 11's in premarket, next time that thing gets down in the 10's and I don't buy somebody knock me in the head
I agree, way the markets have been it is making it increasingly difficult to make any type play off a daily chart. I love playing the bounces and at this point am looking for more intraday bounces, watch them drop, pull a 5 or 10 minute on them, get in and out before they ever knew I was there and move on to the next one and not leave any money in anything overnight.
BONT may be trying to find its bottom there, huge volume spike yesterday and bottom tail of candle went way down then back up showing it tried to go lower but buyers drove it back up. Could have just been the end of the day as well though having closed on a nice little rally, I would say today should give us a little better idea
OIIM Chart
Mixed emotions on this one but it has faired well last couple days. Current PPS is close to trading channel from June but did make a nice run from June to November. May be worthy of keeping tabs on
CMRG Chart
Pulled this one off bottom feeder scan tonight, looking like it may be trying to find some traction. Nice action today, will try to keep an eye on it tomorrow.
CYTR chart, I pulled this off my bottom feeder scan Monday night, it has done rather well but I've been watching so many others I've only paid minimal attention to it mostly because I'm not big on pharmaceutical plays. Looks like it has clearly found bottom and has been moving up nicely. Thing that I really like is that after three green days the chart is still lining itself up, not topped out like many after a couple green days. IMO this one could be good for 3.00 or more in the short term, that would be a 25% gain from current PPS. Needless to say it's getting watched extremely close tomorrow and may take an entry if all looks good.
Stockfetcher is the best scanner I've ever used and I'm still using it, I was hesitant when I paid that first time but found out it was worth the money. At least I think so. Feel free to post results or charts on the board and by all means if you get good results we may want to see the scan set up.
hopefully the markets will be good to us all tomorrow, after the past week or so I believe we could all use a really good day.
I'm thinking the same thing, SVN would have even been better than TASR, gained nearly 20% in last hour of the day after bouncing back from day low
Daily chart isn't looking bad at all on PCG, that little push towards end of day helped it out, you are definitely in better shape today than you were yesterday after close.
On the other hand I can understand your frustration as APOL had a super nice day today, but you can't beat yourself up on that one though, if we knew when one was going to gap up we would all be wealthy.
would've been a bit over 16% in an hour or so, I'm gonna have to stop eating lunch
Dow up over 100 points, nothing like a late day rally
TASR (Taser International) took a little dip while I was out to lunch, dropped to 10.11, making a super nice rebound, back up to 12.00 so far, wish I would have caught it under 10.50, oh well
Nope, I've never driven a bus and have no desire to....lol
Took a look at PCG, intraday looks to be down trending a bit but daily is showing some potential, worthy of watching for sure IMO, hard to say one way or another at this point without watching how it trades for awhile
RGR has pulled back on intraday and gave sell signal, I'm holding as I believe it is very probable we get solidly above 8.00 in next couple days
ALTU from 01/01/08 watchlist
had nice run this morning, looks to be pulling back on intraday though and has given sell signal
Link back for daily chart
5 minute
>
CYTR up a couple percent again today
best pick so far from Monday evening's scan
Link back for chart
RGR 5 minute Intraday chart, looking nice so far
RGR, hitting HOD at 7.94, if it can break and hold 8.00 it will be game on IMO
RGR gave off buy signal on intraday, not a strong one but jumped in at 7.59
SVN, not sure how to call this one, gap up from 2.01 to 2.08, fell to 1.95 then ran to 2.12 in an instant only to fall back around 2.00 range.
IMO someone is buying and selling some good size blocks at market instead of limit
SVN news out before EOD yesterday, this should help with trading today, I look for volume to be up a bit and some nice gains
Chicago Sun-Times Cuts Publication Size, Follows Indus Trend
CHICAGO (AP)--The Chicago Sun-Times debuted a smaller edition Tuesday, following in the footsteps of scores of other newspapers that are scaling back the size of their publications.
The revamped tabloid, published by Sun-Times Media Group Inc., is about 12-inches tall, roughly an inch shorter than its earlier editions.
Spokeswoman Tammy Chase said the change is part of the media company's efforts to trim operating costs by $50 million this year.
The move comes at a time when broadsheet publications are adopting a 12-inch-wide format, including The Wall Street Journal, The New York Times, The Washington Post and the Los Angeles Times.
Because the Sun-Times is a tabloid, its height is comparable to a broadsheet newspaper's width.
Converting to the more standard size makes it easier to sell ads, increasingly important as newspaper publishers look for ways to save money amid slumping ad revenue, declining circulation and a loss of readers.
The ailing newspaper publisher is particularly vulnerable, and executives earlier this month announced plans to lay off 35 workers from the newsroom of the city's second-largest daily after the Chicago Tribune.
Shares of the Sun-Times Media Group (SVN), which also owns dozens of smaller area newspapers, was unchanged at $2.04 in afternoon trading.
On the Net:
www.thesuntimesgroup.com
(END)
ETFC news out, This may give it a nice increase today if trading reacts the way I think it will
E*Trade Fincl: Significant Progress On Turnaround Plan >ETFC
E*Trade Financial Corp. (ETFC) Wednesday said it has made significant progress toward executing its turnaround plan in recent weeks.
The company has sold around $3 billion of additional available-for-sale securities. Also, its home-equity-loan portfolio continued to run off as anticipated, ending the year with under $12 billion in balances.
E*Trade said it also reduced bank wholesale borrowing levels by eliminating around $3.5 billion in Federal Home Loan Bank advances and repurchase agreements quarter over quarter. E*Trade said it expects 2007 year-end tier I and risk-based bank capital to be equal to or better than 5.9% and 11.1%.
The company also will fully exit its institutional trading business by closing its remaining trading desk, and said it has formed a special committee to aggressively reduce real estate portfolio risk.
FRPT news after hours
This may keep it above 4.00
Force Protection Inc. (FRPT) Chief Executive Gordon McGilton will retire, effective Jan. 31.
The Ladson, S.C., maker of armored vehicles named Michael Moody interim chief executive while it conducts a search for internal and external candidates.
Force Protection's board also named Moody, 61 years old, chairman, and Roger G. Thompson nonexecutive lead independent director.
FRPT tumbling lower, 4.00 here we come
RGR has hit low of 7.83, watching it closely, needs to hold above 7.85 IMO
ETFC hit 2.43 and looks to go lower
SVN coming down as well, If it gets down to 1.85 to 1.95 it should be a good buy
RGR at 8.15, getting real close to buying area here, If it gets under 8.10 and holds above 8.00 then starts to turn up it should be a good buy IMO
CYTR, very nice move this morning
Link back for chart
DHX got a little green today again, two days in a row, good indicator that bottom may have been found
ETFC down to 2.56, looks like I called it at least half way right last night
did you get any of it, would've been a nice flip this morning
SVN gapped up this morning from 2.04 to 2.10 and trying to make some gains but seems to be stalled out around the 2.15 - 2.16 range, this is level of support and resistance for it, if it gets through it should fair well today if the markets stay green
RGR (Sturm Ruger) taking a little hit today, getting down close to buying range again
ROIAK (Radio One) trying to make a move up this morning
CC has bounced back and didn't take a hit as hard as I thought it would, intraday charts are actually looking rather good on it right now
ETFC, first off it is more than just a brokerage, it's also a bank and banks are taking it hard right now, very hard. Citigroup rating it as a sell yesterday did it no favors either. On the other hand it has huge business and it isn't going to just dry up and go away.
ETFC closed at 2.83 yesterday, then had a little over 1.4 million in volume after hours with the low hitting 2.79. ETFC has not been at these levels since around August of 2002 when it hit a low of 2.81.
With their finances I have a hard time seeing them fall under 2.00 per share but markets are sick now and anything is possible. My gut feeling is that the bottom will be around mid 2.00 range maybe a little lower, but this is just a SWAG (Scientific wild ass guess) on my part and should not be taken as gospel. Also keep in mind financials are due out around Jan 24th so any recovery now may be short lived
From a TA point of view, I see it falling lower before it gains traction. On the daily chart it closed below the bottom bollinger band, on the 5 minute intraday the pps was riding the bottom bollinger band, not a good sign. One saving grace may be that prices usually don't stay outside the bollinger bands for long so if it's below it will have to come up some to correct itself. This could spark some buying giving it some appeal to those who are willing to take the risk for a quick flip.
One thing for sure, it is a very attractive long term investment at this point not to mention the short term gains when it does find bottom should be very nice as well. I don't see it running up extremely fast so one should have plenty of time to gauge it and choose their entry without feeling rushed. You may miss out on some of the gain but won't be taking the same risk as those who buy at the very bottom.
And my last thought is that ETFC should be taking advantage of these fire sale prices and lowering the number of outstanding shares, this would go a long way towards investor confidence and I wouldn't be surprised to see just that happen sometime in the near future.
All my opinion of course, if I knew it all I would already be super wealthy.
ICPR (ICP Solar Technologies)
from tonights scan, debated whether to even post this one. I definitely won't be playing it because it is a BB stock but figured it was close enough to 1.00 to throw it in not to mention I liked the chart.