Has officially gone private and is no longer reporting
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shhhh, we don't want to scare it
$CHOP scam, lmao, how to hide over $230 million
http://finance.yahoo.com/news/china-gerui-advanced-materials-group-120000710.html
Amidst the continued challenges the Company faces, including industry-wide excess capacity, weak demand, a more tightened credit environment, and weak capital markets, the management evaluated alternative investments to offset the pressure related to the Company's core business. As a result, the Company has engaged in a new strategy to enter into the fast growing Chinese antiquities market to more rapidly increase its return on capital, fortify its future cash and alleviate the burden of fixed assets and working capital generated from the metals processing business. The Company plans to continue to grow its metals business, but has moved to capitalize on an opportunity to enter the rapidly growing cultural antiquities market. China Gerui is pleased to announce the acquisition of a porcelain collection dating to as far back as the Song Dynasty, more than a thousand years ago, for a cash consideration of $234 million, representing a 74% discount to an estimated market value of $905 million as appraised by independent Class A Chinese Artwork Appraisers. Management intends to auction all 206 pieces of the collection to fortify the Company's future cash position. However, there is no assurance the auction will be completed in a timely fashion or will realize the afore-mentioned appraisal value. The proceeds from the sale of the antiquities will be used to fund working capital for the metals processing business, geographic and international expansion, entrance into new end-user applications, research and development and strategic acquisitions.
Brazilian Senate Approves Higher Ethanol Mandate
(25% to 27.5%)
http://mobile.bloomberg.com/news/2014-09-03/brazilian-senate-approves-higher-ethanol-mandate.html
No worries...you've been into SGOC recently, any idea what's up after hours aside from groups pumping it?
Seriously, what's going on with SGOC? After hours near $4.
I saw one of the "alert services" announce it as a play but is it really moving like this on the ecommerce/low float angle?
Holding some MCOX in as low float/ecomm sympathy.
Also couldn't help but notice ZX is selling wheels on Alibaba.
http://www.alibaba.com/showroom/zhengxing-wheel-rim.html
Now how to get the heavy hitters interested?
ZX: Just curious, what do you feel QVT would consider a "fair market value" to receive for their shares? A multiple similar to that of US listed auto part peers? Hong Kong listed peers?
Nice to have them fighting for fair value.
http://www.sec.gov/Archives/edgar/data/1506756/000119312514161148/d658252d20f.htm
$FEEC- Your Miley chart may have been the catalyst
$OSN- saw that. $SUTR was also showing some nice big support before someone dumped. $GSI also fairly strong past week.
$CHOP director resignation after hours for "health reasons".
Nice mover, please stick with big boards though.
ZX too cheap vs the other two in my opinion but trading uggggglllyyy.
Sloppy dumper- not someone looking to exit at any cost but someone trying to keep it in check.
With all the controversy after that wheel factory explosion of the GM supplier a month back, it would be nice to see $ZX expand their new aluminum wheel production line into the passenger market.
The smallest shareholder friendly move would really make a difference here. Lack of any just makes me think we'll see a take private offer.
Compare the multiples of these three and consider ZX was the only IPO. The others reverse mergers but have graduated from the valuations generally assigned to such.
$ZX big seller remains. Been nibbling a bit more today but about near my size limit here. Probably just time to ignore it for a while, lol.
$SORL traded heavy like this in the $3 range prior to selling exhaustion and has been moving nicely since.
Kindama, any thoughts on who this large $ZX seller might be?
Pure chartists were waiting for that dip to the 50, which is exactly why I don't think it will drop that low on this move
yes, buying dip in that pattern has worked well in most ethanol names this summer.
I think this is an easy bounce here, considering other ethanol names are mostly flat today.
The break of the 20 sma resulted in amplified selling but time to go back up now.
REX bounce time, from 103-87 in only a few days, including -8+% today
Could be an oversight by author...maybe he meant REXX.
Nice timing on the $CALI bounce call. Did you sell?
See any notable players in the Oct $65 CBI calls from 1.90-2.05 today?
Volume kinda light on the pullback.
Take your phone with you to the beach and trade on:)
$ZX- very nice accumulation on volume today after yesterday's sell off.
Any shareholder friendly move from here will likely set it off.
I will say, some good valuation nuggets provided about foreign listed peers in the CC by an "unidentified analyst":)
Your VWAP shows 1.18 for today...someone's playing games.
We think alike. Down slightly on some Sept 9's and up slightly on some Oct 9's and 10's- all bought yesterday.
Welcome back LAO! Regarding IDI, I bought some in the .60 range this week...I think the online lottery nugget in the last release is pretty sexy.
Also, a lot of the China micros have been heating up this week.
More just a trade on momentum coming to the sector IMO.
lol, why didn't I think of that?
Fly Shamu, fly!
Run Shamu run!
Too Much Corn With Nowhere to Go
http://mobile.bloomberg.com/news/2014-08-22/too-much-corn-with-nowhere-to-go-as-u-s-sees-record-crop.html
Hope these producers are investing in storage as corn going to get even cheaper.
So they PR'd their intent to release financials?
Why not just release the report?
$FEEC- appears a plan is in place for further Shouyang development, at least according to CEO who was interviewed in this NY Times piece about China shale difficulties published only today.
http://mobile.nytimes.com/2014/08/22/business/energy-environment/chinas-effort-to-produce-natural-gas-falls-far-short.html?referrer=
HFC looks good. I actually sold out of my remaining VLO calls today. Chart wise, I thought it was looking ready to drop but VLO was so good to me that I have a soft spot for refiners.
I've kept TSO, WNR, VLO, MPC, and HFC on my streamer past six weeks and have enjoyed getting a better feel for them.
I bought some VXX calls near end of day and got bludgeoned after hours. Shoulda studied up a bit more on my contango.
Going to take something crazy overnight to even get out with a small loss.