Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
QE is like diapers for a baby when in need
did you listen to the Fed today , sounds like tone of the worlds to me
Shall do bud , if I attempt to trade that one will surely let you knowhow I did ,win or lose
[Date:04-26-2012] Social Media
Companies in China should decide how they want to harness the power of social media to drive their business, as the country has the largest and most active population of social media users in the world, according to a report released in Shanghai yesterday by global management consultants McKinsey & Company.
95 percent of the 5,799 Internet users surveyed by McKinsey had an account with a social media service. By December 2011, China had 513 million Internet users, and more than 50 percent of Chinese users spend more than 12 hours a week online.
Social media influences consumer purchasing patterns, and has therefore become a critical channel for companies looking to engage Chinese consumers more effectively.
[Date:04-26-2012] The Ministry of Finance (MOF) announced Wednesday that it will issue 30 billion yuan ($4.77 billion) of three-year book-entry treasury bonds.
The issuance is the ministry's seventh batch of book-entry treasury bonds this year, according to a statement posted on the ministry's website.
The interest rate for the bonds is fixed at 2.91 percent. Interest will be paid annually on April 26, while the third year's interest and principal will both be paid upon maturity on April 26, 2015, the ministry said.
The bonds will be sold from April 26 to 27 and become tradable on exchange markets starting May 3, according to the statement.
Net profits plummet for steelmakers
[Date:04-26-2012]
Baogang Group, Shougang Group and Wuhan Iron and Steel (Group) Corp, China's three largest steelmakers, recorded drops in their net profits of 89 percent, 97 percent and 92.86 percent respectively year-on-year during the first quarter, according to financial reports from the three companies.
While the steel industry as a whole largely stayed depressed during the quarter, steel demand has grown since March, leading to higher prices, according to experts.
The China Iron and Steel Association said the nation's large steelmakers turned a 2.08 billion yuan ($330 million) profit in March. However the steel industry still faced a deficit in the first quarter.
GLD I like to trade at times
The gold price in Hong Kong went up 60 HK dollars to open at 15,280 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent to 1,652.88 US dollars a troy ounce, up 6.49 US dollars at the latest exchange rate of one US dollar against 7.76 HK dollars.
LVS BTFD in place ,watching open for confirmation
GLD bought 160's at 35 sold at 65 ,Fed helped out I dont like to keep trades overnight.
nice ... bought the dip? :) whalla BUD nice entry hope it pays off big with 40 on tap.
:) looking at LVS right now fer a trade on open
Silver for UPB
http://www.kitcosilver.com/
lets see if Kitty holds this support
BTFD is in effect against STFT on apples ,good play today
relative Strong look looked low on apples ,even bad #s would have pushed it higher on fundamental track. Apples may fall and grow all at the same time .Fruit magic
[Date:04-25-2012]Several major developed regions in the country have posted quarterly GDP much lower than the overall GDP figure for the nation, underscoring a need for fine-tuning policies to reverse the fast decline of growth in these regions and avoid a hard landing for the overall economy, economists said yesterday.
More than 21 provinces, autonomous regions and municipalities had posted their first quarter GDP by yesterday, with the majority of them seeing slower GDP growth than in the same period last year.
Only Central China's Henan Province, Southwest China's Guizhou Province and Northwest China's Ningxia Hui Autonomous Region posted year-on-year rises in first quarter GDP growth, with all the other regions reporting a decline in the growth rate of one or two percentage points.
Beijing and Guangdong Province posted GDP growth of 7 percent and 7.2 percent respectively in the first quarter, slower than the nation's 8.1 percent quarterly GDP growth and lower than the growth target of 7.5 percent for this year.
Shenzhen, a southern export hub, reported quarterly GDP growth of just 5.8 percent, the lowest level in decades.
"Costal regions such as Shenzhen, which rely strongly on exports, were affected greatly by weak external demand," Zhuang Jian, a senior economist with the Asian Development Bank, told the Global Times, noting the country's industrial restructuring and the central government's effort to combat inflation through monetary tightening and property control policies also contributed to the decline.
According to Zhuang, the big trend is that eastern regions have been growing more slowly than central and western regions.
"We should be wary of the fast decline of growth in developed regions because they make a major contribution to the country's economic growth," Zhuang said.
"A drastic growth decline in these regions cannot be offset by fast growth in the central and western regions," he said.
However, Zhuang suggested that the country should not cut investment in the short term, especially investment in infrastructure, but he also said aggressive measures like another 4 trillion yuan (about $570 billion) worth of stimulus is unrealistic.
"The economy is now in a downward cycle and will touch the bottom this month or May and rebound in the second quarter. But a drastic decline in the economy should be avoided. There is still room for the central bank to ease monetary policy to aid growth, but not that much room," Yang Li, an analyst with Adfaith Management Consulting, told the Global Times.
This cant be good for the Auto sector
[Date:04-25-2012]
A recent surge in auto recalls announced by China's top quality watchdog signals that the country is closer to unveil its long-awaited auto recall system as well as refund, repair and replacement policies for automotive products, market watchers said yesterday at the 2012 Beijing International Automotive Exhibition.
"A new regulation on car recalls, refund, repair and replacement that will guarantee Chinese buyers' rights has been slow in coming as it will affect manufacturers' interests and needs administrative efforts," Zhong Shi, an independent auto analyst in Beijing, told the Global Times yesterday. "But the final arrival of the regulation will put China's auto industry into a more advanced phase."
Almost all recalls in the Chinese mainland are initiated by foreign manufacturers largely because "they have more sophisticated quality information systems than China's domestic carmakers," Geoff Broderick, Asia Pacific vice president of J.D. Power Commercial Consulting (Shanghai) Co, told the Global Times yesterday.
"Rising high-profile recalls actually show that the car companies are highly aware of their potential quality problems," he noted.
Jiang Suhua, a lawyer with Beijing Yingke Law Firm, believes domestic companies are less active as they "overly worry that the recalls will ruin their brands' image and dampen consumers' trust in their products' quality, though the reality is the opposite."
The comments came after the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) announced Monday that Chrysler China will recall 546 imported 2012 Jeep Compass and Patriot cars from May 30, due to defective fuel tanks.
The vehicles in question were produced between December 2011 and January 2012 and have a damaged rollover valve due to faulty fuel tank assembly, which may lead to fuel leakage during an accident and increase the risk of a fire, according to a GAQSIQ statement.
Chrysler China will replace the defective fuel tanks free of charge, the company said in a statement sent to the Global Times yesterday.
The latest recall follows a series of other recall notices by international automakers to the GAQSIQ in April.
BMW AG, the world's largest premium car maker by sales volume, yesterday started recalling 414 imported BMW, Mini and Rolls-Royce cars with defective electronic pumps, and will recall another 120,246 vehicles from May 10 due to faulty batteries in the vehicles' trunks.
Italian luxury car maker Ferrari Maserati is recalling four Maserati GranTurismo MC Stradale with four-point seat belts, because the seat belts fail to meet specifications.
Mercedes-Benz China will start a recall on May 8 of 20 imported A160 and 271 B200 models, due to potential risks in the cars' continuous variable transmission systems.
The GAQSIQ began on April 12 collecting public feedback and conducted an intensive investigation on nearly 1,000 Volkswagen cars after owners' complaints of spontaneous vibrations and noises when using the manufacturer's DSG gearboxes.
China has so far recalled more than 6 million cars, Liu Zhaobin, director of the GAQSIQ's Law and Regulations Department, was quoted by Shanghai-based China Business Daily as saying on April 12.
Meanwhile, the country handled 16,805 car quality complaints in 2011, up 19.2 percent year-on-year, the China Consumers' Association said.
on top of apples I think it should be one interesting day ,may be the best one in a while
UPB you got that right has been BTFD but why are they STFT's on naz ? I like the contra side but keeping options open
[Date:04-25-2012]
It is estimated that China's outsourcing industry will see a 5-10 percent growth rate in 2012, according to a summit on global infrastructure construction held in Macao Tuesday.
The industry has entered a period of stable development after years of rapid expansion, mainly due to slowing global economic growth, analysts said at the summit.
According to Diao Chunhe, director of the China International Contractors Association, the total amount of outsourcing contracts secured by companies in China during 2011 stood at $142.3 billion. However the growth rate of new contracts signed last year dropped to 5.9 percent, down 0.6 of a percentage point.
[Date:04-25-2012]
China's top 10 property developers spent 70 percent less on land leasing in the first quarter of this year compared with the same period in 2011, according to statistics from Centaline China Real Estate.
These developers paid 14.3 billion yuan ($2.27 billion) in land leasing fees, down 33.4 billion yuan from the first three months of last year, according to data from Centaline. Among the 10 developers, four did not lease any land at all during the period.
Investment in the real estate sector will drop further in the next two quarters, due to the gloomy property market, analysts predict.
I think there is a STFT on Nasdaq stocks weather
Date:04-25-2012]
The Shanghai Futures Exchange (SHFE), China's largest market for commodities, has been given permission to launch silver futures trading, according to the China Securities Regulatory Commission (CSRC) Tuesday.
The launch of silver futures trading on the SHFE will give China more sway in determining global silver prices. This could help China's silver producers, consumers and traders lower their costs.
In 2010, China was the world's largest silver producer, with a total output of 11,617 tons during that year, according to data from the CSRC.
Got some NFLX 90's at 1.30 earlier
GM UPB cant be posting much since I exhausted my freedom earlier here :( have only 1 message left
what can one do? ,just do what one can one do so the sunshine shines can also shine on all and also on you.
I agree bud ,am glad we think alike on apples
Germany 'an appealing site' for expansion
[Date:04-23-2012] Source: China Daily RSS Feed
As Chinese enterprises seek to build their global profile, Germany offers a target for those seeking a toehold in Europe, despite a troubled outlook for the debt-burdened region.
"Chinese investors have broad prospects in the German market, although they are still at a fledging stage and (the Ministry of Commerce) encourages competitive companies to invest in the country, actively developing mutually beneficial investment cooperation between China and Europe," Sun Yongfu, head of the ministry's department of European affairs, told China Daily.
Chinese companies have cumulatively invested $2 billion in the German market, representing only 10 percent of German companies' investment in China. But there is huge potential.
Germany Trade & Invest, the country's foreign trade and inward investment agency, has said that China leapfrogged the United States and became Germany's largest overseas investor in 2011.
Sun said Chinese companies' rising investment in Germany will help boost the country's economy and jobs.
Influenced by the eurozone's debt crisis, Germany's economy is predicted to expand less than 1 percent this year.
"Given the current global economic situation, Chinese companies have good opportunities to invest in Germany ... and mergers and acquisitions can be good avenues for investment," said He Weiwen, co-director of the China-US-EU Study Center at the China Association of International Trade.
European companies are probably undervalued due to the debt crisis, and it's a good time for Chinese companies to tap into the European market through M&A deals, according to He.
China
mobile internet terminal application processors reached 7.7 billion representing almost 50% increase yearover year
guys were going to have some fun when FB starts trading
April 24, 2012 11:53
SAN FRANSISCO: The world’s largest social network Facebook Inc. recorded lower net income by 12% to US$205 million in the first quarter of 2012 as operating expenses almost doubled to US$677 million amid its plan to hold initial public offering.
Nevertheless, the Menlo Park-California-based booked higher sales by 45% to US$1.06 million.
“Facebook has a pretty steep hill to climb to meet the expectations that we set out,” Debra Aho Williamson, an analyst at EMarketer Inc. said.
In addition, Facebook showed monthly revenue per user climbed 6% to US$1.21, while the share value was claimed up to US$30.89 a piece at the end of January from US$29.73 at the end of last year.
Reportedly, the social network operator expects to pocket US$5 billion by executing initial public offering.
In the meantime, the company had spent US$1 billion consisting of 23 million shares and US$300 million in cash to acquire Instagram, announced on April 9 2012
we should make some nice ones this week ,got to love these gap plays
will know in a little bit if I will be BTFD or STFT
I want to buy some Apples tomorrow after getting done with NFLX's
nflx and apples should be nice trade bud ,just have to see the feelings on the opens :)
futures a little up but far from exciting
almost bought them Slaves at .35 spike today oh well
sure held support on open , am going to look for a NFLX support tomorrow and trade it nicely