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That was my first thought although ionizers don't kill everything. Some of the worst diseases are passed from host to offspring. My understanding is the biggest determinant is preventative. Disease is so much higher in farmed food because poor water quality and temperature fluctuations will stress out the animals and compromise their immune systems. I also think RD is right about containment although I have no knowledge of this. I can't imagine that these are built as inline systems.
I hear you but a lot of those anxious owners already sold. I fully expected us to sell off during the conference call like just about every other CC on the OTC. And then today I half expected selling to pick up. It never really did - new buyers where there. With the annual report and CC behind us you've got to wonder if the buying pressure is sustainable but if we don't have a down day tomorrow then I think we're still pointing up.
Agreed. We've had a lot of consolidation the last couple days even though we keep closing incrementally higher. So yes, there's selling but there's even more new money coming in that is setting the stage for continued appreciation without volatile pullbacks.
I think it's fair to say that their energy costs are high and will vary widely depending on season. The mega farm looks to be drawing from high voltage (+325kv minimum) lines. I didn't see a mini substation in the drawings but I'm not sure why else you would build right in the middle of a transmission right of way. So they are likely already planning to get some of these fixed costs down through wholesale power moving forward.
emptyone - I don't pretend to know more than anyone else. But it does seem to me that there's a plan here. From the April 1st PR "We are extending our corporate footprint in Sweden, adding Nordic specific IR/PR capability".
To me that means the FN listing and PR push are coordinated events. It's not that they aren't thinking about it, they're just being painfully methodical. Now I could be wrong, but considering their financial partners, their shareholder base and the base of potential institutional investors in the nordic region, I'm thinking the new listing comes first. Then a more substantial investors relations campaign to follow.
Good to know. Thank you melehuna.
Thanks GRDTRI for your insight. It's always refreshing to get a new, informed perspective. If you're still fielding questions, I have one:
Have you evaluated competitive landscape in China? The general assumption on this board seems to be that if SIAF continues to get favorable financing and execute on their plan, then the market will be ready. If SIAF builds it, they will come. But I've got to believe that even though it's a massive and growing market, they will need to adapt to competitive forces that are also growing. I just find this piece of the puzzle very opaque and difficult to evaluate as a westerner. If you have any thoughts I'd love to hear them.
There's no resistance there. We're breaking into new highs where little to no money has changed hands so, IMO there's not going to be resistance in the traditional sense.
What I see is a very, very beautiful chart. Slow grind. Small areas of consolidation. Low volume and beautiful wave structure from the months of October to March. Sustained accumulation over a pretty long period of time (+5 months). This is how I wish all my stocks moved :)
Because people like me started buying :) The intrinsic value of the company is more than EPS and free cash. With the spectre of massive dilution receding, strong financial partners coming on board, strong growth and a big step up in financial reporting, I think this was a sweet spot for a lot of folks who were already aware of the company but gun shy.
The cost of construction labor in the US is MUCH higher and the rebar design has its own inspection process that can negate certain construction methods. So US construction companies invest in technologies that put time at a premium since it's labor that drives costs. In China, and most of the world, it's not worth it so you don't even see distributors for formwork technologies that you see here.
wook - I don't think that's a real order. More likely, that's NSDQ saying "we're not moving until I say we do."
Delete
Going back to China or Japan?
Because he offered it as a guarantee. That's why.
edit: that should read 2002 $NDX, starting January
Some interesting similarities here between the $SPX and the 2001 $NDX starting around March 4th - both context and price structure. If this is indeed a similar top then things could be a little loopy for the next two days and next week would be a big red stick.
It looks like the NDX is sporting an H&S on the 30 and 60 minute going back to April 29th or 30th depending on how you look at it. Looking for a possible backtest of the 1377 area.
Sweling's take on the $SPX wedge. Interesting that he sees a high probability breakdown but possibly not a major top.
http://www.decisionpoint.com/ChartSpotliteFiles/090508_aw.html
OT.... I would love to see Houston go up 2-1 on LA. I also think Adelman deserves some credit here. He's very good at exploiting other teams.
I never get tired of this clip. Lamar Odom inbounds to himself:
heh. Beats me - I don't spell check anything. I think you spelled it phonetically correct.
You posted JPM the other day and that still looks like a monster. I think it's very possible that financials correct but begin to outperform the market on the next leg down. So I'm staying away from them. The way they move on news is too dangerous for my style of investing and I don't have a good read. Half look over extended, the other half look like they could just keep going. Right now I'm going to leg into into some tech shorts. A quick scan from stockcharts shows a lot of tech stocks sucking wind.
Agreed. But with op ex. this should resolve very quickly. JMO.
Picking up first position of TYP right here at 29.06.
OT I've watched a lot of Houston games this year and even though I think they play ugly ball, they're mentally tougher than past Rockets teams. If the Lakers think they can rattle them with elbows and trash talk they're wasting their time. Battier especially - I like his game. You cannot get in his head.
TYP (3x inv. $RITIC) showing some relative strength here. Could be interesting once the market turns. Not much volume though.
OT Lakers are very similar to Portland at almost every position and Portland did not match up with Houston at all. Scola is very good with that mid range jumper and if you double up on Yao, Scola is going to get good looks the whole series. Houston gets a lot of rebounds and if they can hit that 10-12 ft shot consistently they've got a chance to steal the series. I don't think they do but they're using the same game plan they used against Portland.
If this rally goes any further, Decisionpoint is going to have to reformat their charts to make room for the NYSE Summation <g> Will be interesting to see what McClellan has to say after today.
I'm sort of between you and AJ. I think we're seeing a high of sorts right now. Lots of steep rising support everywhere you look. A lot of them in quasi-wedge formations. But I suspect we'll have a backtest attempt of those support lines if we break them. So maybe a slightly higher high a few weeks down the road if they decide to take it down here.
I like that scenario. Most all the major tops and bottoms that I've looked at are accompanied by an extreme gauge in sentiment. It's going to take (at least) one more short crushing run for that to happen. I don't think we can do it from here.
looks like it. tightened up my stops here.
Edit: stopped out of FAZ for pennies. That was fast.
INDU just broke low of day. Would like to see same for SPX to confirm this is more than just a mid day correction.
He makes a good point with respect to carbon credit swapping. It's literally not workable and ultimately hypocritical. But it doesn't appear he did any research on coal, wind or solar. Those aren't topics that you can arm-chair quarterback. I've found them to be complicated with values dependent on whose statistics you choose to believe (surprise).
What I do know about coal are it's best years are behind it. Total energy derived from coal peaked in about 1998 even though coal mined in this country continues to increase steadily at 2% per annum - and has since the 1940s.
Our military recognizes this and is trying to secure enough coal for the next 20 years for its own strategic reserve. Environmental lobbyists are fighting this but they will lose.
Furthermore, since high grade coal is virtually gone (anthracite) and bituminous is already past the apex of it's bell curve you can expect the net energy of coal to start dropping off quickly over the next two decades. Subbituminous is the equivalent of heavy sour crude and lignite has less energy than a bag of wheat bran. Those are the two most abundant sources left. We can get by with subbituiminous for a while longer but it's cost is a lot higher than the .03/kwh that's widely quoted.
From my humble perspective there are no good options going forward. We have options to be sure. But none of them are politically appealing.
Insider Selling Jumps to Highest Level Since 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2jik5ByPvCI&refer=home
April 24 (Bloomberg) -- Executives and insiders at U.S. companies are taking advantage of the steepest stock market gains since 1938 to unload shares at the fastest pace since the start of the bear market.
Gap Inc.’s founding family sold $45 million of shares in the largest U.S. clothing retailer this month, according to Securities and Exchange Commission filings compiled by Bloomberg. Daniel Warmenhoven, the chief executive officer at NetApp Inc., liquidated the most stock of the storage-computer maker in more than six years. Sales by the co-founders of Bed Bath & Beyond Inc. were the highest since at least 2001.
While the Standard & Poor’s 500 Index climbed 28 percent from a 12-year low on March 9, CEOs, directors and senior officers at U.S. companies sold $353 million of equities this month, or 8.3 times more than they bought, data compiled by Washington Service, a Bethesda, Maryland-based research firm, show. That’s a warning sign because insiders usually have more information about their companies’ prospects than anyone else, according to William Stone at PNC Financial Services Group Inc.
“They should know more than outsiders would, so you could take it as a signal that there is something wrong if they’re selling,” said Stone, chief investment strategist at PNC’s wealth management unit, which oversees $110 billion in Philadelphia. “Whether it’s a sustainable rebound is still in question. I’d prefer they were buying.”
Insiders Sell
Insiders from New York Stock Exchange-listed companies sold $8.32 worth of stock for every dollar bought in the first three weeks of April, according to Washington Service, which analyzes stock transactions of corporate insiders for more than 500 institutional clients.
That’s the fastest rate of selling since October 2007, when U.S. stocks peaked and the 17-month bear market that wiped out more than half the market value of U.S. companies began. The $42.5 million in insider purchases through April 20 would represent the smallest amount for a full month since July 1992, data going back more than 20 years show. That drop preceded a 2.4 percent slide in the S&P 500 in August 1992.
The index rose 1.7 percent to 866.23 today after the Federal Reserve said most banks that underwent stress tests hold enough capital and companies from Ford Motor Co. to American Express Co. posted better-than-estimated results.
Looking Forward
The S&P 500 has jumped 28 percent in 33 trading days, the sharpest rally since the 1930s, on speculation the longest recession since World War II will soon end.
Stocks rebounded as President Barack Obama outlined a $787 billion package of spending and tax cuts to stimulate growth, the Treasury unveiled plans to finance as much as $1 trillion in purchases of banks’ distressed assets and the Fed pledged to buy more than $1 trillion of Treasuries and bonds backed by mortgages to drive down interest rates.
With corporate America stuck in its seventh straight quarter of earnings decreases, the longest in seven decades, executives may have become too cautious, said Penn Capital Management’s Eric Green.
Investors are looking to the final quarter of the year, when S&P 500 companies will increase operating income by 71 percent, according to analyst estimates compiled by Bloomberg. They forecast profits will fall 33 percent in the second quarter and 21 percent in the third.
“Things are a lot better than they were,” said Green, director of research at Penn Capital, which oversees $3 billion in Cherry Hill, New Jersey. Recent history also shows that “insiders have been wrong,” he said.
Confidence Game
Jeffrey Immelt, CEO of General Electric Co., purchased 50,000 shares at prices from $16.41 to $16.45 on Nov. 13, when the stock closed at $16.86. The shares have since fallen 28 percent after the Fairfield, Connecticut-based company reduced its dividend for the first time since 1938 and lost the AAA credit rating from S&P that it held for more than 50 years.
Insiders of consumer and technology companies have been selling the most stock relative to the amount they purchased this month, data compiled by Washington Service show.
John Fisher, Robert Fisher and William Fisher, whose parents Donald and Doris Fisher founded San Francisco-based Gap in 1969, sold a combined 2.99 million shares at between $15.11 and $15.36 a share on April 3 and April 17, SEC filings show. Gap rebounded 55 percent from its low on March 6. The stock gained 1.1 percent since the Fishers’ last sale.
Reasons to Sell
Gap spokesman Bill Chandler said that “from time to time, based upon the advice of financial advisers, the members of the Fisher family will decide to sell stock.”
Warren Eisenberg and Leonard Feinstein, who founded Union, New Jersey-based Bed Bath & Beyond in 1971, sold 1.05 million and 1.1 million shares at $30.90 apiece on April 9, the most since at least December 2001, the filings show.
The offerings came one day after Bed Bath & Beyond surged 24 percent, the biggest advance in nine years, on a smaller than estimated decline in fourth-quarter profit. Spokesman Ken Frankel said Eisenberg and Feinstein, who currently serve as co- chairmen of the largest U.S. home-furnishings retailer, sold for “estate-planning purposes and diversification.”
At NetApp, Warmenhoven sold 1.25 million shares, the most since at least 2002, for about $21.3 million between April 3 and April 21 at prices from $16.10 to $18.10 a share, the SEC filings show. Shares of the Sunnyvale, California-based company, up 49 percent from $12.52 on the March 9 stock market low, gained 3.3 percent since then.
Moving On
Warmenhoven sold shares he received from exercising stock options that were due to expire next month, according to an e- mailed response by Lindsey Smith, a spokeswoman for NetApp. He reaped a profit of about $7.3 million selling the shares at an average price of $17.08 apiece, based on the conversion price of $11.25 for options he held, the data show.
“They’re going to say, ‘Thank you very much,’ and move on to cash or something else,” said David W. James, who helps manage about $2 billion at James Investment Research Inc. in Xenia, Ohio. “This is not a situation that suggests to us we’re seeing an economic recovery.”
That mirror would dovetail pretty well with the Quant Hedges study of 2-3 days of up followed by another leg down following wednesday's eod selloff.
Tomorrow they cover stress test methodology. "Select" data will be made available (ie leaked) to larger banks. Actual results May 4th.
The rumor de jour is that emphasis is being placed on loans rather than securities favoring the big boys over regional banks. Big surprise. No clue on how that will affect FAZ/FAS.
Question for some of the more experienced traders on this board: Does anyone use the index p/c ratio for anything other than extreme readings? Sometimes it move is lock step with the equity p/c and sometimes it diverges. But I can't find any correlation that would make it useful. Any insight on how to think about the two together is appreciated.
If we make another labored move to SPX 875 I'm wondering if it wouldn't be a good idea to write some calls against some of the more extended stocks. Particularly restaurants and consumer finance. Not sure I have the cojones to actually do it. But I could easily see us being range bound with a negative bias for another month.
If they bring him back I'm going to Ace Hardware to buy a pitchfork and torch.
Mainstream media is reporting that this is just a rumor. The Treasury hasn't gotten data back from all the banks yet.
I like AJs take better. Sick to TA. Otherwise you can give an infinite number of reasons for why the market is going to do something and psych yourself out.
A couple other things to add to the list:
10. C=A, AJ mentioned this before.
11. CPC at .72 and EPC at .56: not super extreme but in that zone where you start to think about a correction or reversal.
12. Nasdaq and NYSE McClellan remain high but showing negative divergences.
beigledog: how old is your house? If you've got a foundation crack that you can see through that's usually indicative of more than just settlement. It usually means that you have ground or slope movement. If you paint over it with bituthene or some other concrete water proofing, it's likely to open up again over time as the crack gets worse
I would first try to locate the source of the movement. Sometimes it's hard to know if they were formed a long time ago or are part of a very slow process. In any event, if it doesn't stop moving you risk uneven, creaky floors and water infiltration.
Does the crack continue from the basement walls to the floor?