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Short refiners? Which look most vulnerable?
Crude export chatter really hit them last summer...now there's some actual progress.
http://touch.investing.com/news/commodities-news/u.s.-opening-of-oil-export-tap-widens-battle-for-global-market-321777
Wowsa, that was quick!
$NPD +42%, good call on the CJJD sympathy play
$90 million straight cash? Who cares...stock still doesn't move.
$LAS- Used car market in China has been attracting a lot of interest from many of the biggest PE firms in US & Asia. For example, $LAS & $BITA o2o JV partner UXIN (youxinpai.com) just raised $260 million this fall.
http://www.chinamoneynetwork.com/2014/09/17/warburg-pincus-tiger-global-lead-250m-series-c-in-youxinpai
It will be interesting to see how $LAS trades in the New Year as there has certainly been a bit of pressure on it recently.
??????
$OSN- the only thing preventing me from buying this recently is that Q3 of last year was strong. It seems the momo traders focus more on the headline than the bottom line. You know, the "50-100% improvement" headlines, regardless of the comparable.
I think they'll have a nice report, just not sure how stock responds if it runs up into it.
$REGI- $90 million straight cash...8-k out after hours
http://www.sec.gov/Archives/edgar/data/1463258/000144530514005684/reg-8kx2014btc.htm
$REGI $90 million straight cash hopefully will get this moving. Mkt cap just over $400 million so pretty significant. 8-k came out after hours.
http://www.sec.gov/Archives/edgar/data/1463258/000144530514005684/0001445305-14-005684-index.htm
Holding some $LAS from that list & considering $ZX on further weakness.
Unloaded some $AMCO that I was bag holding on that pop.
Next two weeks are usually good for the micros with most of the big boys out of the office. The retail guys better able to manipulate without them around:)
$SYUT- Love it in this $5 range...hard to find a sexier sector and company growing market share.
Most recent call transcript.
http://seekingalpha.com/article/2670835-synutra-international-syut-q2-2015-results-earnings-call-transcript
I don't know what to think with this space. I start digging but it seems almost every chart is just a possible bounce candidate.
Just not much money flow here at this time. Everyone is so obsessed with catching oil bottom that maybe RCON is worth a bounce. Seems to have stabilized in $2 range.
She's a fraudster who was advisor in this R/M. Her track record speaks for itself.
See my posts on this board from July and do some google searches.
$IKGH- interesting, thanks. Any thoughts on possibility of a turnaround in Macau weakness?
With $118k convertible loans remaining 9/30, there's no need for management to be doing this.
$100k of that must be the 8/27 deal with Magna (not convertible until 180 days), the remaining being what Hanover had remaining & since converted as of 11/1.
Then, the 10/29 deal with KBM for $78,500, also not able convert for 180 days.
Obviously, there was a huge dump from the past year's worth of converted shares. Thing is it trades as if shares are still being issued in conversion.
Guess I need to read up more- is it possible that the "Available-for-sale" securities with FV of $432,500 is the cause?
I must admit I don't delve into the toxic cesspools often so it's kind messy trying to put it all together.
It brings us back to management intent...what are they trying to do here?
.07...Claire Singleton strikes again!
$NFEC I won't consider here as I believe Fat Albert energy has almost as many secrets as Bill Cosby.
$THTI starting to get a bit tempting.
$IKGH- This is likely to go under $1 easily on that type of news.
Lol, why not 1:10?
$HES, I like it.
Senate passed tax extenders tonight- most didn't expect it until Wed or Thurs.
Should be nice move for $REGI, assuming crude really stabilizes.
$REGI- Largest biodiesel name in US, mkt cap under $400 million, should be a nice trader with Senate passage of tax extenders tonight, which includes biodiesel tax credit around $1 per gallon for 2014 (164 million gallons produced through Q3).
They'll share some of it with customers & suppliers but will still likely take home >$100 million straight cash. Delayed RVO obligations from EPA impacting this name, much like ethanol producers.
Has traded down with the rest of energy sector lately but may be worth a trade with money flow starting to trickle into energy. When same credit was instated Jan 2013, the share price didn't jump huge initially but ramped all of Q1.
18% short interest here.
$AMCO- .09 eps for the quarter and right back to the .14 range.
Until they stop the toxic financing shenanigans, this will be a game. They've run the gamut, from Hanover-Asher-Magna-KBM Worldwide.
I'm not sure why they're choosing to play the game with $70 million available in bank lines.
The AR was a red flag but I saw this in the 10q:
$AMCO- when is the pump going to come?
From Hanover-Asher-Magna-KBM Worldwide...these guys are up to some shenanigans.
Not sure how closely anyone reads the reports, but $AMCO claims to have collected $41 million of that $55 million AR figure between 9/30 & time of report.
So why the 10/29 deal with KBM?
$REGI & $BWEN: Senate set to pass tax extenders this week, which includes biodiesel tax credit and wind production tax credit.
$REGI & $BWEN should be nice gainers into January on this passage (passed 378-46 in House). Expecting $REGI to be the bigger gainer as they'll receive $1 per gallon produced in 2014 (should be over 200).
They'll likely share half with customers & suppliers but $100 million still a nice windfall for market cap under $400 m.
Both been trading in tandem with other energy so could be really nice on a nice bounce in oil. Worth putting on watch, if nothing else, but Senate will be voting this week before Holiday recess.
$BWEN- Grabbed a few in $5.50 range to go along with my $REGI as a play on tax extenders legislation subject to pass in Senate this week.
The wind production credit is even more unpopular than the biodiesel credit but I don't want to let politics prevent me from making money.
I'm thinking 10% minimum on each by early January...could be a lot more if crude rebounds.
In a few CREG .725 here
$CJJD & $IDI both moved nicely on news...canary in the coal mine?
Weakness in small caps has been amplified in a lot of the China micros and they're prime candidates for tax-loss selling.
I better get more active in this space as this is often a great time of year for beaten down smallies.
Thanks for charts. Enjoy your holiday season!
Hi DA, would you mind posting a $REGI chart? Thanks
Something tells me that was pushed in a certain chat room specializing in the low float types...
$CRNT- would you mind posting this pincher chart?
Thanks...posting from phone so no chart here but noticed yesterday.
Great call! Enjoy a steak!