sleeping with one eye opened
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funny is that the same bid occured on 21st September - the day when stocked spiked from seventies to 0.95.
Check it here...in messages from 21st...
http://finance.yahoo.com/marketpulse/USU
USU - interesting activity noticed
Here are some thoughts (just my opinion of course)
I have noticed in last hour (maybe it was even before) there was sitting 200k shares on bid at 0.67
Total daily volume on Friday was 185k shares.
Maybe battle between shorts and longs for reverse split has started.
Stock should go in November above dollar or NYSE could apply delisting.
Daily volume 185k is just 100,000 USD.
I guess current big shareholders will try to support bid and start the next run which should not stop at 0.95 this time.
Any comments? Anybody has noticed the same?
USU alert! Watch growing bid..reversal in trend is here.
0.70 soon
http://stockcharts.com/h-sc/ui?s=USU&p=D&b=5&g=0&id=p51253956628
USU
chart
USU close 0.66 - but aggressive end of the day
USU chart
0.65 is resistance level..time to watch.
There are different steel mills. Some are producing steel for more competitive market, some for less.
If I consider this article is correct (and I am having in mind it should be correct as all statements are or will be audited by PricewaterhouseCoopers- their current auditor), then it seems GSI might stay touched by downtrend less then those who produce steel plates.
But it is all just betting on beaten horse. And I am of course not 100% sure, that the horse is still alive. Or if it ever was. PwC is for me only reason why I tend to believe it.
If they are fake supported by PwC, then I am breaking the club over whole stockmarket as the place where bandits have their home.
(Do not laugh to me. I know they live there already.. :/ )
http://finance.yahoo.com/news/general-steel-announces-preliminary-sales-130000597.html
I disagree. You have to see not only dow jones index but also the value of dollar. The dollar is getting worth a shit so assets of the companies, know how, products, raw materials - must spike up - if their value is determined in dollars. See how many apples you got for dollar twenty years ago and how many you get now. Coffee, petrol, corn, pork, etc, etc...
So correction yes, but nothing as dramatic like mother of all corections.
Q: Who is General Steel’s auditor?
A: PricewaterhouseCoopers Zhong Tian CPAs Limited Company (“PwC”)
http://www.pwc.com/gx/en/office-locations/china.jhtml
Q: How many shares are currently issued and outstanding?
A: As of August 28, 2012, 56,932,788 shares of common stock were issued and outstanding.
As of June 30, 2011, the Company had cash and restricted cash of approximately $262 million and total stockholders’ equity of approximately $102 million.
http://www.mzcan.com/us/GSI/financial/19/EN/08.15.11_GSI_Reports_2Q2011_Results_nEb3hF7M5abL.pdf
current PPS : 1.25
I for once will do a risk and believe that PricewaterhouseCoopers do their job. If they want to be legit, then this is the opportunity. If not, I am toast. :)
clear :)
Hi Glen,
you were considered as china small cap expert some period ago. Many got burnt that time. I told myself never again to China. But as we all know - never say never.
I am curious about 2 stocks at the moment. I do not remember these stocks were ever accused of fraud, but as all other Chinese small caps were hammmered down.
GSI steel
SORL automotive
Your comments about any red flags are welcome. My fingers are getting again impatient. :))
there is an easy rule. If I not buy - you are right and it will go up for weeks. If I buy, then it would be downhill. So I will do you a favour and avoid it... :))
not necessarily. It must be clearly stated, that SVNT is now possibly ONLY chart play...that means those who will not jump off in time could be trapped in very steep downhill...
"After getting pushed to the brink by creditor Tang Capital, Savient won in court against accusations of insolvency. Shares have since bounced back to where they were pre-brouhaha. Does this make the company a buy, though? Not unless you think sales of drug Krystexxa will increase significantly, as Savient is currently cutting its way to breakeven"
http://www.fool.com/investing/general/2012/09/29/whats-fueling-savients-run.aspx
I remember people saying Conseco (CNO) will never get over 2 in 2009...
we will see, mate...nobody has the crystal ball.
I remember all movies in 70's were full of Pan American planes...
I remember KODAK was the miles ahead of others
I did the shopping in K-Mart
Indian TATA owns JAGUAR? :)
I am doomed with this chart pasting... :))
MTG is 1.73 in after hours by the way....
MTG
will finaly move again
based on this
Freddie Mac update
USU - it is really time now to make official PR and I believe they will do as they need the stock above 1$
THIS (two weeks ago)
"The Senate included the money in a temporary spending bill that will keep the federal government operating for the next six months. The House approved the same measure last week and President Barack Obama is expected to sign it."
“In that bill we have another victory for USEC, saving jobs once again,” U.S. Senator Sherrod Brown said Wednesday. “The bill contains $100 million to keep the project on track to receive the ($2 billion) loan guarantee that would help create an estimated 4,000 jobs in southern Ohio. So that’s a huge victory for all of Ohio, especially that part of the state.”
and THIS (yesterday)
"President Obama on Friday signed a six-month temporary spending bill that will keep the government open"
Link
Good Luck Longs!
USU chart
USU - it is really time now to make official PR and I believe they will do as they need the stock above 1$
THIS (two weeks ago)
"The Senate included the money in a temporary spending bill that will keep the federal government operating for the next six months. The House approved the same measure last week and President Barack Obama is expected to sign it."
“In that bill we have another victory for USEC, saving jobs once again,” U.S. Senator Sherrod Brown said Wednesday. “The bill contains $100 million to keep the project on track to receive the ($2 billion) loan guarantee that would help create an estimated 4,000 jobs in southern Ohio. So that’s a huge victory for all of Ohio, especially that part of the state.”
and THIS (yesterday)
"President Obama on Friday signed a six-month temporary spending bill that will keep the government open"
http://www.federaltimes.com/article/20120928/AGENCY04/309280003/Obama-signs-6-month-CR-keep-government-open?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cp
Good Luck Longs!
USU chart
I think now, when it was signed, it can be PR'ed.
I mean look at MTG on Monday. It was known, that settlement on Freddie Mac will be done in favour of MTG. But it was announced just today officialy. So on Monday you can see huge activity there.
And the same we will see with USU.
Now the puzzle is complete for USU
THIS (two weeks ago)
"The Senate included the money in a temporary spending bill that will keep the federal government operating for the next six months. The House approved the same measure last week and President Barack Obama is expected to sign it."
and THIS (yesterday)
"President Obama on Friday signed a six-month temporary spending bill that will keep the government open"
So, time to bring the cash machines :
MTG - on Monday it should start the run from 1.50 to 2.50 at least
here is the expected news - came out today
http://www.bloomberg.com/news/2012-09-28/mgic-cuts-capital-contribution-in-half.html?cmpid=yhoo
The only question is - how high it will open? Congratulations to all who own MTG. Chart is well settled for big move as well. For explanation - this is also the confrmation MTG will not go bankrupt. Strong buys with short squeeze...multibagger in longer period?
this does not work for me... why? [chart][/chart]
http://stockcharts.com/h-sc/ui?s=MTG&p=D&yr=1&mn=0&dy=0&id=p02995097298
so here is the link
MTG chart
Do not buy but make DD and have on watch
YPF
GSI
ANX - I do not understand - it has only one full time employee?
so [chart][/chart] makes that magic. :)
Thank you, matt
how do you paste here the charts? I cannot see manual anywhere... :)
NM
quite interesting information, should go up
Today, we have a healthy balance sheet in an industry littered with balance sheets needing repair. To demonstrate, we do not have any debt maturities until 2017. Also, and equally important, we do not have any capex requirements. And at the same time, we're sitting on very strong liquidity. As a group, we have over $400 million of liquidity. Looking at the income statement, we have a strategy of long-term visibility of cash flows. Even in today's rate environment, we have contracted revenues that surpass the cost of our entire fleet. For each "open day," we will earn a profit if we charter the related vessel for anything above zero.
http://finance.yahoo.com/news/interview-angeliki-frangou-chairman-chief-230200394.html
NM chart
I have lost lots of money on these chinese liars...Im mean on chinese scams generaly.
My confidence in SEC, auditing and law was shattered.
But ok, I see some developments within past year..
And I want to believe that the chinese will return me back those money. I tend to bet on story of GSI...I was used to own it at 5.50
And I want this stock back at those values.
In fact if their numbers are real, after confidence comes back, this should run to double diggits.
I wish I am the part of it...
But it is only wish :))
Why would not they buy back shares in those ridicuolously low levels? Why would they give out their company for free to strangers?
Fishy as everything on stock market from China...
what? maybe you have wrong chart... USU is 0.81...
scamiest scam .... or this stock will jump one day to 5$ overnight... :)
USU is crowling back to 80's
hmmm...I do not like volume it has. Whether bad news come or you need to put money elsewhere, there is an immediate liquidity problem imho.
No DD done on stock though...9000 shares a day :)
it was not a question - "if they do?" It was a statement - if they did - that means there is a high probability they (government) will push it to the final stage.
We will see
there is huge wall sitting on ASK at 0.78 at 0.785 on USU
If Senat OKs 100milions for Usec...then it probably means there is a will they should build that centrifuge. So stock must go over buck...
maybe you will find this interesting... :)
It explains where is Usec with its centrifuge and where is GEH with SILEX. Licence was known formality
http://www.princeton.edu/~rskemp/SILEX-years-from-production.pdf
USU seems to be breaking back upwards
This is only one month ago...USEC is at the moment the only KING in the game and it seems it is very possible that they will make it..
When asked if there was any news on USEC’s $2 billion pending loan guarantee application with the Department Of Energy Johnson said, “I have heard nothing that’s going to sidetrack that. We had the language in the Energy and Water Bill, we also had the language in the National Defense Authorization Legislation. I’m confident that it’s going to move forward. The Department of Energy is firmly behind it, the administration is behind it, so I think we’re in good shape.”
Read more: Portsmouth Daily Times - Congressman Johnson visits southern Ohio
http://portsmouth-dailytimes.com/view/full_story/19929014/article-Congressman-Johnson-visits-southern-Ohio?instance=search_results
That is only licence...It means nothing. In fact based on latest study published in Princeton, SILEX is years away from commercial use and GE-HITACHI Cameco project is still not decided if they put money in building of such plant. Too may hurdles still on the way. That is why USEC, who owned the licence for SILEX for 5 years gave it up.
Three years later GE and Hitachi were convinced to buy it...
But really many years to wait if Laser enrichment will come in commercial use....
Definitely... I am surprised it was not. Because if Usec will build the American centrifuge - than USU is a multibagger.
And I see no other reason why they should get those government money - unless there is a clear will to build it.
We will see. For sure I will be watching. And at the moment I am still in. :)
But truth is it was never announced as the news. So maybe it is still not out
ANX - that was easy :)