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GSV needs to break the 50SMA at 1.10 and it should see 1.20. A break of that and we have a perfect double bottom.
GSV looks good above 1. A 20SMA break at 1.02 should send it
Thanks amigo!
PSMI looks good on the 20SMA break. It had some nice insider buys on 02/20.
It closes the gap at 10.79. Lots of air above that.
ASTI been holding this one for a while. It's trading less than 2 X cash and below BV. It has a pristine balance sheet.
I like the way its been flagging over the 50SMA. A 0.76 break should send it to 0.90 IMO
AWESOME Call man. Congrats!
GPL looks like a good risk reward here. Could be in play if Silver bounces
Long @ 1.36
I like UQM above the 50SMA. Bot a small position @ 0.75. Needs volume
I've discovered Orions recently. My sincere congrats to Augusta for having a board with this quality.
That's something rare these days...
Look forward to learn with you guys and share some trading ideas.
Greetings from Europe.
Veggix
Great Trade Rato!
Parabéns!
LLEN & PUDA
This might hit our favorite coal companies...
TOKYO (MarketWatch) -- A move by China, the world's top coal-consuming nation, to effectively cap the price of coal, will hurt domestic producers but benefit many independent power producers, analysts said.
The National Development and Reform Commission announced Friday that it has asked China's major coal companies to keep prices stable in order to control inflation.
Mission Hills expands for China's golf boom
WSJ's Emily Veach speaks to Ken Chu, vice chairman of Mission Hills Group, about the management challenges in developing the world's largest golf resort in China.
Coal companies should honor the 2010 coal contract prices and return any additional charges from higher prices by the end of June, the NDRC said.
The measure marked the first such move in about two years and followed NDRC meetings with major coal companies, including China Shenhua Energy Co. (HK:1088 29.85, -0.90, -2.93%) (CUAEF 3.86, 0.00, 0.00%) , China Coal Energy Co. (CCOZF 1.40, +0.05, +3.70%) (HK:1898 10.48, -0.74, -6.60%) and Inner Mongolia Yitai Coal Co. (CN:900948 5.07, -0.31, -5.72%) , analysts at Bank of America's Merrill Lynch unit said in a note to clients.
"We see substantial concerns on coal price upside, given the unexpected cap on contract pricing," the analysts said.
They left their 2010 benchmark coal-price assumption unchanged, but lowered their estimate for 2011 to 598 yuan ($88) -- predicting a 5% year-on-year rise, down from a previously expected 14.6% increase.
The last time the government intervened in the spot coal market was in 2008, sending shares of Yanzhou Coal Mining Co. (HK:1171 15.74, -1.22, -7.19%) (YZC 20.51, -1.19, -5.48%) falling by more than 20%, they said.
Given that, analysts at Bank of America Merrill Lynch cut their rating on Yanzhou's stock to neutral and lowered the stock's price objective to 17 Hong Kong dollars ($2.19) from HK$20.
They also lowered their price objectives for Shenhua to HK$45 from HK$51, and China Coal to HK$16.50 from HK$19.
"Although we see short-term policy headwinds for [Shenhua and China Coal], that could be partially mitigated by the fact that their shares have fallen about 20% in the past few months," the analysts said, adding they expect "less downside" for Shenhua and China Coal compared with Yanzhou.
In late morning trading, shares of China Shenhua Energy fell 1.5%, China Coal Energy lost 4.8% and Yanzhou Coal fell 3.3% in Hong Kong, defying broader gains in the benchmark Hang Seng Index, which was up 0.6%.
In Shanghai, Yanzhou shares (CN:600188 17.84, -0.47, -2.57%) shed 1.7%, China Coal (CN:601898 9.05, -0.15, -1.63%) lost 0.8% and Yitai Coal fell 0.4%, as the Shanghai Composite traded 0.1% lower.
Elsewhere in the region, trading was mixed, with the Nikkei Stock Average down 0.3% and Australia's S&P/ASX 200 down 0.8%, but Korea's Kospi trading almost unchanged.
Power plus
While the NDRC's coal-price cap may pressure coal producers' shares, power producers are more likely to get a lift.
"If coal-price increases are successfully contained, the risk of IPPs [independent power producers] not obtaining [a] sufficient on-grid tariff hike and margin squeeze threat would diminish," the Merrill Lynch analysts said. On-grid power tariffs refer to the price level at which power plants sell electricity to grid companies.
Expectations for higher power consumption and certain government reform measures may also benefit power producers.
902 4.66, +0.20, +4.48%
7654
JASON10FMAMJ
"We believe the NDRC has been studying [a] relaunch of partial fuel-cost pass-through, tariff structure reform and on-grid tariff hike that if launched, would be viewed positively by the market for IPPs, as we believe IPP share prices do not reflect roll-out of such reforms," the analysts at Merrill Lynch said.
They raised their price objectives for certain IPPs, including Huaneng Power International Inc. (HNP 23.82, +0.87, +3.79%) (HK:902 4.66, +0.20, +4.48%) , Datang International Power Generation Co. (HK:991 3.32, +0.06, +1.84%) (DIPGY 8.45, +0.13, +1.56%) , Huadian Power International Corp. (HPIFF 0.23, +0.02, +7.16%) (HK:1071 1.94, +0.06, +3.19%) and China Resources Power Holdings Co. (HK:836 17.66, +0.58, +3.40%) (CRPJF 2.25, 0.00, 0.00%) .
The analysts also lifted their rating on Huaneng's stock to buy from neutral.
Power producers gained ground in Hong Kong, with shares of Datang adding 2.5%, Huadian up 2.7%, Huaneng rising 4% and CR Power gaining 3.5%.
In Shanghai, shares of Datang (CN:601991 7.02, -0.01, -0.14%) added 0.3%, while Huaneng Power (CN:600011 6.20, +0.08, +1.31%) shed 0.7%.
"Any roll-out of positive reform measures allowing IPPs to generate a more stable and higher margin/return would also be catalyst to drive share prices to our revised [price objectives]," they said, adding that they "prefer" CR Power, Huadian and Huaneng.
Myra P. Saefong is MarketWatch's assistant global markets editor, based in Tokyo.
CCME I agree 100%. I really don't care were this stock is tomorrow or next month, because I believe I know were it will be in the long term.
OT - Boring match between Portugal and Brazil, don't you think?
SOKF Couldn't agree more. Best chinese OTC stock IMHO
OT- The US have great team. Donovan could be playing in any major club in Europe. One of the best wingers in soccer at the present time...
Any of you guys also bougth in the double digit zone?
I'm getting completely slaughtered...
He sent you a message and didn't tell anything why he was fired?
Is that confirmed. Did Paul got fired?
Thanks joshua.
Hi, does any of you guys knows when FTER's shareholders meeting will take place?
TIA
You've only lost a million dollars. You are a successful businessman!!!
Simply brilliant. The europe crisis seen by the aussies. Hilarious!
I love the part when the guy says why the US economy is stronger than the european.
Oh man, I had a stink bid at 11.5. Can't believe that got filled at this ridiculous price. Too good to be true.
See you guys at $1 in a few months.
GLTYA.
SOKF up 15%
CCME Fully agree. This is a new CCME. A few weeks ago and the stock would be testing it's recent lows.
Hi Lars,
how are you?
Did you had a chance to check the PM I've sent you?
Take care
CNTF UP 25%
CHRM NASDAQ OMX Welcomes Charm Communications Inc. (CHRM), the Largest Domestic Television Advertising Agency in China, to The NASDAQ Stock Market.
Charm Communications Inc. (Nasdaq:CHRM - News) is a leading domestic television advertising agency in China. Charm offers integrated advertising agency services from planning and managing advertising campaigns to creating and placing advertisements. Charm has also established a portfolio of television advertising media resources through its exclusive arrangements with four programs on CCTV, and two satellite television channels, Shanghai Dragon TV and Tianjin Satellite TV, which includes not only advertising time but also opportunities for placing branded content. Charm's clients include well-recognized brand names in China across many industries, as well as emerging domestic leading brands. In January 2010, Charm formed a joint venture with international 4A advertising group Aegis Media, its strategic investor, to operate its brand "Vizeum" in China. Company investor relations website: http://ir.charmgroup.cn/
CELM anyone buying at this level?
PUDA oh man, below 10 again. What a gift!
CNAM I was expecting a stronger sell off....
CNAM agreed lol. Only private investors calling...
CNAM CC just starting. Here we go...no earnings though...
CNAM no earnings, no CC, no nothing... I love classical music but it's getting in to my nerves...
CNAM I have fasten my seat belt but I have a parachute, just in case... ;)
CNAM Here she comes...glad to finally see some green on my portfolio.
SIHI 10Q
- First quarter 2010 revenues increased 113.4% to $38.6 million
- New Virtual Contract Manufacturing business exceeds expectations with
sales of $6.4 million and gross margin of 20.6%
- Gross margin up sequentially to 18.4% from 15.0%
- Net income increased 75.6% to $3.5 million, with EPS of $0.12
I don't know this company very well. Any of you guys follows SIHI?
The results look good, and the company has been tanking since late November...
PUDA below 10. Just add some. Great earnings + 18 price target. Just doesn't make any sense...
Wrong board. sorry. pls delete
SGAS 10Q out Ouch!
Net Income -208,586 1Q 2010 versus 345,637 2009 1Q 2009
SOKF Also in my top 5 holdings. Huge potential, and they're just getting started.