Because the candeeman can!
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Why did it drop over 6% today then on almost 7X its average daily volume?
I think this is a great entry here. Historically, when the VIX is this low at 16, the market has rolled over. I don't see the S&P going much higher.
That falling window doesn't look good, IMO it will have difficulty getting over $1.82 level.
Gold 2K within 6 months?
CME Hikes Copper, Platinum Margins
http://www.zerohedge.com/news/copper-set-tumble-after-cme-hikes-copper-platinum-margins-once-again?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Notable Put Options Activity in Celsion
Shares of Celsion are lower on the session by 5.54%, currently trading at $2.73. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. A short while ago the October 2011 $3.00 put traded 2,500 times on open interest of 5,090 contracts.
Put volume is outpacing call volume by 5 to 1.
Source: http://www.marketwatch.com/story/notable-put-options-activity-in-celsion-2011-09-28
Yea, but the market as a whole is getting hit. Who knows when the bleeding will stop? I'm thinking another leg down before a rally?
45? It'll get back to that level in no time.
You will see $100 silver within 3-5 years.
Less than $10?????? Wow, a lot of stocks are making lower and lower lows.
looks more like $20
OSC’s Sino-Forest secrecy questioned as cease-trade order extension sought
Howard Wetston, chair of the Ontario Securities Commission, knows about the importance of disclosure. After all, he chaired the OSC panel that penned a much-studied decision on the importance of full and continuous disclosure in 2003 following a probe at YBM Magnex International Inc.
As well-versed in the subject as Mr. Wetston is — now in his second stint at Canada’s largest capital markets watchdog — it came as a surprise to some in Bay Street’s tight-knit legal community that he and his agency slapped a cease trade order on the shares of embattled Sino-Forest Corp. last month.
The OSC sought Thursday morning to extend the initial order until at least Jan. 25.
Why, if the information produced was damning enough to prompt the regulator to act so swiftly and aggressively, was the firm not compelled by the regulator to release it to the investing public?
As some senior securities lawyer see it, it was out of step with a long-held view at the regulator that its role is to ensure investors have access to as much relevant information as possible on which to base their investment decisions.
For much of the summer, until the moment the OSC ordered shares of Sino to be cease traded on Aug. 26, investors were trading based on contradictory claims and little in the way of fact.
Short-seller Muddy Waters claimed Sino overstated its assets and was operating a fraud. The company countered that it was all a misunderstanding that would be explained when a special committee of independent directors had completed an internal probe.
On Aug. 26, the investing public still did not know what had been unearthed by Sino’s independent committee so far. But it appears the OSC did, having received sufficient information to declare that the company appears to have “misrepresented some of its revenue” and “exaggerated some of its timber holdings.” The regulator further alleges that some officers and directors engaged in acts they “know or reasonably ought to know perpetuate a fraud.”
Karen Manarin, a lawyer for OSC staff, argued Thursday that the cease-trade order was necessary because further disclosure of information investors would require to make “informed investment decisions” could “seriously compromise” its ongoing investigation, as well as the probe undertaken by Sino’s independent committee.
The chair of the OSC hearing, Mary Condon, is expected to rule on extending the cease trade order shortly.
Source: http://business.financialpost.com/2011/09/08/oscs-sino-forest-secrecy-questioned-as-cease-trade-order-extension-sought/
HIG taking off
HIG ramping also
Actually, the OSC just ordered the cease-trade of shares in Canada. It "appears" that they are engaging in fraud. The top execs and CEO have been ordered to resign. It also "appears" they have misrepresented revenue.
Source: http://www.marketwatch.com/story/notice-from-the-office-of-the-secretary-in-the-matter-of-the-securities-act-rso-1990-c-s5-as-amended-and-in-the-matter-of-sino-forest-corporation-allen-chan-albert-ip-alfred-ct-hung-george-ho-and-simon-2011-08-26
NYSE Invokes Rule 48
Looking GOOD this a.m.
Very nice, even w/o the buyout, the company looks like it's headed for the $10 range fairly soon.
If WILN is taken over, what would be the estimates of a share price?
Richard Chandler Corporation Announces Further Investment in Sino-Forest Corporation
TORONTO, July 27, 2011 /CNW/ - The Richard Chandler Corporation announced today that Mandolin Fund Pte Limited ("Mandolin") has, on 26 July 2011, acquired beneficial ownership of 5,330,000 common shares (the "Acquired Shares") of Sino-Forest Corporation (the "Company"), which represent approximately 2.17% of the issued and outstanding common shares of the Company. Together with the common shares owned by Mandolin prior to this acquisition, Mandolin's shareholding in the Company is an aggregate of 36,784,200 common shares, which represent approximately 14.95% of the issued and outstanding common shares of the Company. The Acquired Shares were purchased on the Toronto Stock Exchange at an average price of C$7.3639 per common share.
Source: http://www.newswire.ca/en/releases/archive/July2011/27/c7750.html
You sold too soon. Institutions are coming to buy in again. This thing will be in the 10's in no time.
It looks like that aquisition hurt SWC and then that downgrade by JPM didn't help. What do you think bottom will be? 12's?
Looking good, well above Ichimoku Clouds
unlikely, more blood bath ahead, that's why he sold
anybody's guess, who wants to try and catch a falling knife?
Class Action Against Sino
TORONTO, Jun 20, 2011, 2011 (Canada NewsWire via COMTEX) -- The Ontario-based law firms of Koskie Minsky LLP and Siskinds LLP today announced the filing in the Ontario Superior Court of Justice of a proposed class action against Sino-Forest Corp. /quotes/zigman/12284 CA:TRE -18.50% , Sino's senior officers and directors, and certain others. The class action was filed on behalf of the Labourers' Pension Fund of Central and Eastern Canada, and seeks $6.5 billion in class damages. Labourers will seek appointment as the representative plaintiff on behalf of all persons and entities who acquired securities of Sino from May 14, 2007 to June 2, 2011 (the "Class Period").
In the action, it is alleged among other things, that during the Class Period, the defendants materially misstated Sino's assets and results of operations, and thereby misrepresented that Sino's financial statements had been compiled in accordance with generally accepted accounting principles.
Dimitri Lascaris of Siskinds LLP, co-counsel to Labourers, stated that "this case raises some hard and troubling questions about the quality of diligence being performed by some well-compensated fiduciaries upon whom Sino's shareholders relied, and we look forward to establishing in a court of law whether those fiduciaries fell woefully short of the standards that the investing public rightly demands of them."
Kirk Baert of Koskie Minsky LLP, co-counsel to Labourers, added "gatekeepers are paid to protect the investing public, and when they fail in that responsibility, massive harm can result to investors, and the integrity of Canada's capital markets becomes suspect. This hurts not only investors, but it also damages issuers who comply with their disclosure obligations, because it raises their cost of capital."
Source: http://www.marketwatch.com/story/koskie-minsky-llp-and-siskinds-llp-announce-filing-in-ontario-of-a-65-billion-class-action-against-sino-forest-corp-2011-06-20
Agreed, if it gets to the $18 level, that'd be a great entry point.
Think this might go the way of Nortel?
this is getting bad......real bad
the thing will collapse and when it does, interest rates will rise along with the metals
Who can explain why the dollar is getting stronger????
10% chance of QE3
"There’s a very low probability that the Federal Reserve will launch a third round of quantitative easing after the bond buying under QE2 ends next month, according to State Street Global Advisors. “The probability is quite low, maybe 10% or 15%, and it would have to be a function of the growth picture,” said Bill Cunningham, global head of fixed-income research at State Street Global Advisors. “Right now, the Federal Reserve would have to overcome a lot of noise and political backlash to even go down that road. It would have to be obvious” that more monetary stimulus is needed, he said at a conference in New York Wednesday. “The Fed isn’t going to do anything on QE3 or raising rates until the market says it needs it,” Cunningam said."
Source: http://blogs.marketwatch.com/thetell/2011/05/25/just-a-10-chance-of-qe3-state-street/
Sprott discusses silver and the raid
Give it 3 months, silver will surpass previous high by 20-25% within weeks.
Can't wait!
we'll see $40 before $30
I dunno, it's at 38.74 now and Nikkei is up. Shaping up to be another green day for the silver backers.