BSPM: On 15Aug, BSPM advisor filed for sale of 40,000 shares.

'peeker

___________________________

Form 144: Filing to Sell 40000 Shares of Biostar Pharmaceuticals Inc (BSPM)

Aug 21, 2009 (Vickers Stock Research via COMTEX) --
Document Processing Date: August 20, 2009

Filer: STRATEGIC TECHNOLOGY ADVISOR
Relation:

Stock Name: Biostar Pharmaceuticals Inc
Stock CUSIP: 090678103

Stock Symbol: BSPM
Exchange: OTC

Transaction date: August 15, 2009
Shares for sale: 40000
Value held: $150000

11:49 China mulls renewable energy development fund-- China Daily

China Daily reports that Chinese lawmakers are considering a government fund for renewable energy development, in a move to support the industry and strengthen governmental macro-economic regulation. The draft amendment to the renewable energy law was submitted to the country's top legislature, the Standing Committee of the National People's Congress (NPC), for its first reading on Monday. The 10th meeting of the Standing Committee of the 11th NPC, scheduled from August 24 to 27, is also to focus on a State Council report on tackling climate change and the second draft of a law regulating armed police. Under the current Renewable Energy Law (2005), the State set up a special fund for renewable energy development. If the draft amendment is approved, a new fund with two sources of income will be set up -- one from the special fund and one from the income deriving from surcharges on renewable energy electricity prices. Under the current charging standard, the surcharges income will reach 4.5 billion yuan (US$689 million) for 2009... CSIQ, STP, JASO, CSUN, LDK, YGE, SOLF.

11:16 Small banks likely to outperform; undervalued

Boenning and Scattergood say despite clear signs of improving economic conditions, the bank industry as a whole is unlikely to experience a sustainable, fundamental improvement until the first half of 2010. Firm notes credit costs, which increased sharply in 2Q09, appear poised to increase further in 2H09 and drive loan loss provision expenses significantly higher. The recent announcement that there is at least one more FDIC special assessment forthcoming coupled with the high likelihood of fresh common equity capital raises does not bode well for profitability or stock prices going forward. That stated, they believe certain banks under their research coverage have already experienced a stabilization in asset quality and that the smallest U.S. banks, collectively, are likely to outperform. Firm says within their coverage universe, they believe the following companies have already experienced a stabilization in asset quality: Bryn Mawr Bank Corporation (BMTC), Community Bank System (CBU), Provident Financial Services (PFS), and Signature Bank (SBNY).

CDE says silver is going up!

http://www.bloomberg.com/apps/news?pid=20602013&sid=aAMz2EFsmKtk

CRM ... Surprised to the upside; glad I didn't play a put on that one ... hope nobody else did either.

'peeker

OT: CRM ... anyone buying puts today? ... short opportunity?

3:40pm
Salesforce.com (CRM) is expected to report its 2Q10 (July) earnings after the close with a conference call to follow at 17:00 ET. Consensus calls for EPS to rise 88% YoY to $0.15 with sales up 19% at $312.54 mln. CRM provides guidance for the sequential quarter as well as FY guidance for the following year. In the previous quarter, the co raised their FY10 EPS guidance to $0.59-0.60 vs $0.55 consensus and lowered revs to $1.24-1.27 bln vs $1.31 bln consensus.

Aside from quarterly results and guidance figures, investors will be interested in deferred revs, as CRM's quarterly revenues are mostly recognized off the balance sheet from past bookings. In the last quarter, the co delivered EPS and free cash flow results that were in line with or well above expectations, but these results were overshadowed by lower than expected deferred revs. The lower than expected deferred revs caused CRM to lower its FY10 rev guidance to $1.25-1.27 from previous guidance of $1.30-1.33 bln and resulted in shares of CRM to fall 10%. For 2Q09 the Street is looking for deferred revenues of $540-$545 mln. In the year-ago quarter, the metric increased by 2% sequentially and 49% YoY.

CRM's has an earnings history, which demands that results come in above consensus. In-line results will most likely cause the stock to fall sharply. The past quarter is an example of the high earnings expectations that come along with CRM. The same lesson can also be applied to the co's 2Q08 results. In 2Q08, the co beat revenue expectations but reported in-line EPS. Following these average results the stock fell sharply from the high $60's to low $30's in less than two months.

Recent checks of CRM's demand environment have been mixed; Amtech, FBR and Kaufman all provided channel checks in recent weeks, and all provided a different interpretation of CRM's demand backdrop. Amtech believes the demand environment improved for CRM during 2Q10 (July), while Kaufman cited no material change in CRM's overall demand. Meanwhile, FBR's checks indicate that new business and renewals in the quarter were soft for CRM as renewals continue to be adversely impacted by an uptick in attrition.

Shares of CRM have launched from their July lows gaining over 35% in little more than 5 weeks. Given the recent strong move in the stock price; it appears that the market is expecting CRM to beat earnings expectation.

RTK: The net proceeds of the financing will be used for general corporate purposes, including to fund a portion of the development costs related to Rentech’s recently announced renewable synthetic fuels and power project in Rialto, California. The sale of the common stock is expected to close on August 25, 2009, subject to the satisfaction of customary closing conditions.

3:15pm RTK news: Rentech signs definitive subscription agreement to sell to an institutional investor 8,571,428 shares of its common stock at a price of $1.75/share (2.04 -0.25)

CEU & NEP also kicking back up today. Appears to be US shareholders(buyers) are being emboldened by yesterday's bounce in Shanghai.

WEMU: Yep, licking my wounds and just hoping they don't fester at this point. Maybe I better go adopt the "never hold into earnings" rule, at least for China stocks. I agree that at around $4/sh it's pretty fairly valued if it makes the 57cents for the yr, so it looks too cheap to sell now. If it got to 4.50 in the next month, I might let it go unless the CEO signs and announces one of the big contracts he referred to.

The fact that the CEO didn't revise guidance since the optimistic outlook of 3 months ago was pretty pathetic. There could be a shareholder suit or 2 or 4. Of course this makes Red Chip look pretty much like any whore on the street, too. It will be interesting to see what kind of update they come up with.

'peeker

PS> Yesterday I felt safe; today I found a chink in my armor.

WEMU - ooooooomph! -40%

OT: Economist Xie predicts China bubble's gonna pop !!!

http://seekingalpha.com/article/157089-u-s-economy-the-good-the-bad-and-the-fugly?source=email

WEMU: Not clear why the CFO was ambiguous about whether they will go AMEX vs. continue with Nasdaq. Seems like they said awhile back that Nasdaq wanted them to go 2 qtrs with new accountants first, which leaves them with AMEX.

WEMU rev estimates: CEO expects better revs and profits in last half of yr; he loosely estimates Q3revs will be 1.5xQ2revs, and Q4revs will be 1.5xQ3. Expecting approx 40million in revs in last half of yr (solar will be a little over 70% or total revs). Estimating approx $2million in total FY09 profits after tax (approx 56cents per share, probably overly optimistic given Q2 result).

Current backlog not stated yet; CFO says they will release some backlog detail later; not comfortable stating backlog now due to module price uncertainty. CEO will resume stating backlog if solar pricing remains stable. Stated that as a supplier they have to be flexible on WAMU pricing to their customer.

They have had some delayed orders (no cancellations, just delays). They spoke of several very large orders that have not yet been signed as their clients are still awaiting availability of stimulus funds.

They seem to be leaning strongly toward increasing market share, and the good terms on new facility will allow them to expand fairly cheaply.

Overall not the end of the world, but the low float will probably provide a better buying than selling opportunity tomorrow, even though it's already been hit hard yesterday and today.

'peeker

WEMU: Found a Form 8K on Yahoo from this morning that shows adjustment for Q1 that increases eps from .13/sh to .16/sh, so I guess they'll discuss that. Some adjustments from 4Q08, probably reduced eps for FY08 by a few pennies.

Not sure if they will be ready to talk about Q2 results yet. CC just coming on.

WEMU: CC at 4:05 today. Haven't seen Q2 earnings yet. Anyone know of a reason/justification for the recent slide in WEMU?

HWG momo traders? You might find one in the mirror.

We VMC "value" guys have been pretty MOMO lately, too.

'peeker

TBUS trades in a narrow range and is thinly traded. Buying on FORWARD earnings estimates always requires optimism and a tendency to believe that things will continue to get better. Such unguarded optimism is not overly abundant among small investors prone to buy $2 stocks. Afterall, there is the little thing about the market's recent checkered past.

As for your point about a big seller, I don't know why you think there is a big seller. It could be that some GS moneygeek is channel trading it. One never knows who we are dealing with on the other side of a trade.

'peeker

ps> Still moderately long TBUS and wishing it would go on up with Alice to the moon like AGM did recently.

OT: www.GeoInvesting.com site: I ran across this after reading up on Greg Bradford a couple of weeks ago and looking at his fave members on SeekingAlpha. GeoInvesting appears to be a legitimate stock research site that follows more Chinese stocks than US stocks; the common denominator is value + growth.

Food for Thought: There may be an opportunity for some added value to VMC members if we suggest certain China stocks which several of us follow and own. If they review our suggested stocks, see the value, and start following the stock on their site, we could see some added buying as more investor eyes can mean more buyers over time.

Summary page for CEU that was posted after earnings last week.

http://www.geoinvesting.com/companies/ceu_china_education_alliance/bargain

Summary of GeoInvesting's focus:
http://www.geoinvesting.com/about/

El-Erian says Stock Mkt has topped out:

By Jennifer Ablan and Dan Burns Jennifer Ablan And Dan Burns

NEW YORK (Reuters) – Mohamed El-Erian, the chief executive of bond fund manager Pacific Investment Management Co, said on Tuesday that the rally in U.S. stock markets has topped out, as valuations are running ahead of fundamentals.

Asked if U.S. stocks have hit a wall, El-Erian told Reuters Television: "I think we have and I think what you are seeing is a massive tug of war going on."

World stock markets fell Monday, with the Dow Jones industrial average (.DJI) declining 186.06 points, or 2 percent, while China's Shanghai Composite Index (.SSEC) fell 5.8 percent on Monday, shaking off recent optimism amid doubts about the sustainability of a solid economic recovery.

"On the one hand pushing stocks higher are powerful technicals, the fact that very low yields on the front end have pushed cash out of the money market segment and into the risk assets," El-Erian said. "But on the other hand, the fundamentals are such that valuations are ahead of fundamentals. What you have seen over the last couple of days is a recognition that fundamentals matter."

The global equities rally has been tempered by unexpectedly weak economic data. Tuesday, investors received news that U.S. housing starts unexpectedly fell in July, pulled down by multifamily dwellings, while last week the Reuters/University of Michigan consumer sentiment survey showed a growing number of Americans were increasingly worried over jobs and wages.

El-Erian, who oversees $850 billion in assets, including equities, said corporate profitability has been driven by cutbacks in layoffs and capital spending.

APWR: A-Power Energy Generation Systems forms JVs with Jiangsu Miracle Logistics System Engineering to manufacture and sell wind turbine components (9.40 +0.33)

Co announces that it has entered into definitive agreements to form two joint ventures with Jiangsu Miracle Logistics System Engineering. The JVs will mainly engage in manufacturing and sales of key wind turbine components in China. Pursuant to the agreements, the first JV, called Shenyang Tianxiang Wind Equipments Manufacturing Co, will manufacture rotor blades, hubs, nacelle covers, and other key components for wind turbines. APWR will invest $1.5 mln in cash for 51% of the JV, and the rest, $1.4 mln, or 49%, will be provided by Jiangsu Miracle. The second JV, Shenyang Tianrui Wind Equipments Sales Company Co, will focus on marketing and sales of the wind components made by Shenyang Tianxiang. A-Power will invest $359K in cash for 49% of the JV, and the rest, $373K, or 51%, will be provided by Jiangsu Miracle.

RTK: Rentech to supply eight airlines with up to 1.5 million gallons per year of renewable synthetic diesel (up 30% premkt)

Co announces that it has signed an multi-year agreement to supply eight airlines with up to 1.5 million gallons per year of renewable synthetic diesel (RenDiesel) for ground service equipment operations at Los Angeles International Airport beginning in late 2012, when the plant that will produce the fuel is scheduled to go into service. The initial purchasers under the agreement with Aircraft Service International Group, the entity that provides fueling services to many airlines that operate at LAX, are Alaska Airlines (ALK), American Airlines (AMR), Continental Airlines (CAL), Delta Air Lines (DAL), Southwest Airlines (LUV), United Airlines (UAUA), UPS Airlines and US Airways (LCC). Additional airline purchasers of RenDiesel can be added under the agreement with ASIG.

R'59, funny that!

Though all us VMCers with China stocks (and AGT and GORO) felt somewhat obliterated today, "obliterated" is still a time-relative term when talking about a China stock that has had a great run! UTA is similar, that is, hit hard today, but waaay up since uplisting.

'peeker

PAL: Some of the money from this new financing is to be used to restart the Lac des Iles palladium mine???? I thought they were just going to concentrate on Sleeping Giant gold mine til palladium was worth mining again.

"The Company's intended use of proceeds is for financing exploration and development expenditures at the Company's Lac des Iles palladium mine and Sleeping Giant gold mine, funding capital expenditures and working capital requirements for a restart of the Lac des Iles mine, and for general corporate purposes. "

'peeker

TBUS: DRI Corp target raised to $4 from $2 at Morgan Joseph following earnings Thursday night (1.99)

GORO: Good point about challenges of going from open pit to underground, so I went back to listen to their presentation on plans and their estimates of valuation. On the whole, I think they've been fairly clear about their plan to open pit the first year and increase total production from 70000oz first yr (pit only) to 177000 including underground ore by 3rd yr.

Of course plans is just plans (like theoretical science), and the hard work of gold and silver mining (like applied science) is bound to be more difficult on a day to day basis. Let's hope their very high estimated yield (up to 17 Au equivelent oz/ton in the 3rd yr) prove reasonable and the stock (with big annual dividend yield) actually does make it to $30+ by 2013 or 2014.

I still think these GORO guys (who slither a bit every now and then) are among the most capable in a large pit of CEOs (like snakes).

'peeker

ps> good luck on all the gold stocks this week; GORO may settle back a bit unless they put out another PR summarizing successes w.r.t. getting the mill ready to crunch, rattle and roll; AGT will probably pull back perhaps 10-20%(?) due to their lower than expected Au yield per ton thru July.

ADY: American Dairy prelim $0.24 vs $0.07 First Call consensus; revs $41.2 mln vs $41.30 mln First Call consensus

Afternote: could get a pop AH, but not really a VMC

OT: Thanks Kozuh ... posted that one on my FarceBook page

WEMU: Fingers crossed on WEMU while hoping (praying) their new accountants don't start talking about something like restating past numbers.

And yes, looking forward to clarification by CFO about the AMEX vs. Nasdaq uplisting and when that may occur.

'peeker

TBUS: Gilead's assessment seems right on!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40503320

CSGH: Up 15% in a jiffy today. It's had trouble breaking .95 for awhile. Already (just 15 mins) traded its avg daily volume.

'peeker

AGT interview was excellent. If you own AGT, you gotta listen. CEO David Russell updates shareholders on mgt team, Black Fox ops/production, Gray Fox plans to drill and increase reserves, Mexico property, estimated gold production for 2010, cost per oz of gold produced, and (of course) emphasizes that stock price remains way undervalued.

Black Fox Production/Profitability:
2010 gold production should average about 2000 metric tons/day with gold yield of approx 5 gms/ton, so AGT's goal is to produce 125,000 ounces of gold at Black Fox in 2010 while they continue to drill and increase Gray Fox reserves. Cost to produce gold expected to be less than $400/oz, so if they get $800-$1000/oz, that provides $50-$75 million cash in 2010 to develop Gray Fox and Mexico properties, pay down debt, and buy other properties. Sounds like a good plan ...

Gray Fox:
Talked about the drilling currently underway to delineate the high density gold find on Gray Fox. Should help build interest in the company.

Stock price:
Said current mkt cap (about $105million) amounts to only about what they have invested in Black Fox already. Q2 probably not profitable. Expects good profits in Q3 and Q4 this yr, which should help stock price, followed by highly profitable 2010. CEO's opinion is AGT should trade well over $1/share (well, duh).

Acquisitions:
Also stated AGT may be interested in acquiring other undervalued properties. AGT is trying to increase their own share price (hopefully before trying to acquire anything else).

My cynicism talking:
CEO Russell didn't really highlight the fact that he'd love for a major to buy AGT at a much improved price per share as they increase production and increase reserves, but we all know every CEO has to think about exit strategy, so I suspect that (in his heart of hearts) he wants to build the stock price, get a buyer, then take the money and run. I could live with that.

'peeker

gilead, re: TBUS

What a great job of showing the numbers that support your optimism!!!

Thanks!

'peeker

PS> long 6Ksh TBUS; not selling for awhile; maybe they'll catch up with AGM eventually ;>)

PAL: So you are expecting their stock to be included in the Palladium ETF?

Makes good sense, I guess, and they mine gold in the interim (while they currently cannot mine palladium profitably).

cl001, hasn't PAL xformed itself into a gold miner vs. palladium in the last yr? Aren't they getting ready to begin 50,000 oz/yr gold production?

Admittedly I haven't looked hard at this one yet.

'peeker

AGM: I'm staying away for now. I imagine it is a "good deal", but I see no reason for AGM to do anything other than what it did last qtr after popping on great earnings, that is, AGM has established a tendency to drift down steadily after popping on great earnings. So I think there could be strong likelihood that it goes still lower for awhile, then begin moving up in a couple of months pre-earnings.

It does look like it should have strong support above $7, but only time will tell.

JMHO ... 'peeker

... but you'd be better advised to listen to what Wade would suggest, as he has made an absolute killing on AGM.

CEU: Thanks, abh3vt, your detailed feedback gives me much to ponder. Maybe I'll set a lower sell target afterall (drop from $7 to $6) and look to buy back again if it slides back into the high 4s.

I really like their business model and good growth, especially the English language training for Chinese. Meanwhile it's back up to where I bought earlier this afternoon. Thanks again for taking the time to give me your balanced perspective.

Best Regards,
Steve (also from Atlanta)
aka 'peeker

CEU: Ouch, bought today at 5.55 and immediately began bleeding; now at 5.10, down almost 10% in 1.5 hrs. What I thought was a great earnings release yesterday must have had some dogs hidden in the weeds.

Anyone have a hint why CEU would be falling today?

'peeker

PS> Wade and MichaelT, thanks for the feedback on CMTP, my other little tanker for today.

Wade, aren't you a fan of CMTP? Any idea what's its problem lately? Chart now shows a double top at 4, and price has sluuuuud down to 2.75. Yuck! I guess I could say it's performing in line with the terrrrrible CC last week.

PRIM: Primoris Services reports Q2 EPS of $0.26 vs $0.37 last yr; revs fell 11% YoY to $126.9 mln; gross margins expanded 620 bps YoY to 10.3% (7.63)