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Brazil Study Shows 30 Ethanol Mills Near Bankruptcy, Valor Says
http://www.bloomberg.com/news/2014-09-29/brazil-study-shows-30-ethanol-mills-near-bankruptcy-valor-says.html
With the blend rate increased from 25-27.5%, they're going to have to get it from somewhere.
OT: $CVVT details emerge about Fang, Wang, and Tang fraud.
http://www.sec.gov/litigation/litreleases/2014/lr23096.htm?utm_medium=twitter&utm_source=twitterfeed
Kindama, was that you being blunt on the $GURE call?
If not, my guess is Peter Siris not identifying himself. Thing is, he usually identifies himself lol.
No disrespect kindama, I know you're out of Peter's league.
$GURE- I guess on a positive note, it doesn't look like the guy front-loaded. A negative for the pump might be that he only has eight followers. I get the feeling he isn't too familiar with the Chiscams.
For comedy relief, the $GURE Q2 transcript Q&A:
http://seekingalpha.com/article/2411205-gulf-resources-gure-ceo-xiaobin-liu-on-q2-2014-results-earnings-call-transcript
$CISG- Considering the growth, I'm very surprised to see it back down around $6 so I like it here. O2O transition seems to be successfully ramping.
Q2 call was pretty informative...here's transcript.
http://seekingalpha.com/article/2450095-cninsures-cisg-chunlin-wang-on-q2-2014-results-earnings-call-transcript
Notice the various references to an "October update". Perhaps this could be a future catalyst for the momentum players that somehow didn't see reason to launch this after the Q2 report.
Given some recent poor trades elsewhere, it's back to performing DD & going with what works for me.
No, just a change in wording from "reduction" to "material reduction" though I'm not sure how much of a pay-cut it would take to be "material".
Also, an update to shift tax burden of Mike's potential golden parachute from him back to the company, if I'm not mistaken.
Regardless, I think there will be a change of control. Mike has just set himself up to bank nicely even if not on his own terms. Just as sad, the board is complicit.
Would sure suck to see a 75/25 or 80/20 farm-out in which Mike still makes $500k a year for doing nothing.
Of course, and still a possibility, if the entire company is sold for .15+, I will take back every bad thing I ever said about Mikey:)
$OSN- Very nice!
$ZX Looks like big seller parked at 1.80 is back
haha...these mushrooms kinda taste like turds (no offense to the chef)
With nuclear making a comeback, please explain how this is such a turd...
http://www.bloomberg.com/news/2014-09-25/nuclear-plants-across-emerging-nations-defy-japan-concern.html
Could be a fun final hour...I'm going out to cut the grass as I seem to trade better that way. Cheers!
Thanks- next year is when I expect plant my own:) I'll also start exercising next year haha.
Considering the $BDI, I think $NM may be a bit overdone to the downside and grabbed a few Dec $7.50 calls at .30 with the prospect of some Chinese stimulus coming soon. Record US grain harvest might help some too. At this rate, we may see some coordinated global stimulus.
I just have this thing for falling knives.
My $CBI position of Oct 60, 62.5, and 65 options is the biggest loser in my whittling portfolio right now.
I really could use Warren to the rescue.
Flowers? This isn't the gardening/charting forum last I checked:)
No harm intended to those that caught that...I'm already losing my gray hair at a young age and have no place for flowers in it.
No color left, it's mostly white.
Confession: When I see this multi-colored board name in my favorites, I always think of
I saw a funny tweet listing the wall street criminals he has prosecuted...
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$IWM finally about to lead again? Grabbed a few $VXX 29.50 puts just in case.
$PME- In all honesty, to an uninformed party, the ~2% yield might look pretty good...unless you know about the previous dealings.
Maybe he should pay the dividend out of his personal checking account?
Oh right, this is his piggy bank (w/o repercussion).
$CREG- Bingo on the guru chat pump fests today! The ole after hours frontloading has become a bit more common with the turds lately.
Rinse and repeat & back down she'll go until the filings showing dumpers are out come across. Even then, CEO intentions are suspect here. More tricks here than the circus.
$CREG up after hours...expecting pumps tomorrow
Lol, don't ya hate it when you call 'em but don't play em. Tbird says that guy is pretty magical at making money disappear but he has been pretty hot with the turds lately.
Lmao! Nice! Personal story about the Crazy Train.
I used to listen to that one to get pumped up before the infamous church basketball games growing up.
Now, I'm on the crazy train:(
The ole front load especiale'.
Remember that CNET we talked about? Grrrrr...
BABA set to open 92-93 now so naturally YHOO keeps dropping haha
Grabbed a few YHOO Sept 26 $43 weeklies just in case this gets nutty:)
Informative for DD purposes, Valero IR provides weekly updates for the relevant statistics for their business, including ethanol margins.
http://www.valero.com/InvestorRelations/Pages/IndustryFundamentals.aspx
For the sake of my VLO calls, I hope this holds true again. Has been nearly straight down for refiners past Ten days.
Shhh, we don't want to scare them...
Yes, but Green Dragon and Sino are getting to the gas in lower perm fields. I would certainly have more trust in Greka doing some Shouyang drilling than Mike.
Maybe shale challenges might make Shouyang more desirable? Wishful thinking, I know, but it certainly seems to have potential- just likely a lot more in control of a more capable party.
Congrats on your AVNR win.
I wasn't meaning to be sarcastic in congratulating you on your trade.
I respect your discipline in sticking to your limits in trading. Options aren't easy.
I have not been so disciplined, hence my speaking of stepping back.
Options have accounted for the bulk of my summer profit, despite throwing a bunch away past week.
Not too pleased with some recent decisions.
Have a great night!
woo-hoo! way to bank!
I was holding a variety of Sept & Oct calls large. Fortunately, I sold most on that run-up. Sadly, I didn't sell all. I was focused on selling the Sept calls but held too many of the Octobers.
I'm still holding a decent amount of Oct 60, 62.50, and even 65 calls. Down too much on the 65's but green on the others.
Been a rough ten days. Sometimes I wish I could just slip into a coma for a month:)
lol, yep, I'm never drinking...err trading...again.
I'm approaching my 12 month mark here but the feecal experience is really not something I'd wish upon anyone.
I was sucked in by what appeared to be the hockey stick inflection point of production so common with other high perm CBM fields.
Well that hasn't panned out yet but there have been countless articles about the challenging geography for both shale and CBM drilling in China.
Not to mention Hockert is practically using a jackhammer with an extension for drilling.
Anyway, where else can you find over $2 billion in 2p reserves for a market cap of $25 million?
Just give me .20 on the buyout and I'll be ecstatic.
$CBI waking up here...gimme $67 or so in 30 days please!