Oppps... Mukang I will wait for that decision muna before making a move, haven't traded forx for awhile been concentrating in stocks. Sobrang pivotal yan if they delay a hike the Euro could tank...
American Superconductor shareholders will have a nice wakeup today!
They will find they just lost half of their money on it!
Down 46% in the pre-market. China rejecting shipments of AMSC, they are their biggest client...
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Wheelin and Dealin'
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April 6th, 2011 10:01 PM #4921
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Social Dementia
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April 6th, 2011 10:23 PM #4922Never put all your eggs in one basket...especially a shrewd one.
Originally Posted by tidus1203
American Superconductor shareholders will have a nice wakeup today!
They will find they just lost half of their money on it!
Down 46% in the pre-market. China rejecting shipments of AMSC, they are their biggest client...
Read more: http://www.businessinsider.com/ameri...#ixzz1IkV8DdxRSomeone Just Got A BRUTAL Lesson On Negotiating Contracts In China
Joe Weisenthal | Apr. 6, 2011, 8:59 AM
If you've already eaten breakfast, don't look at shares of American Superconductor Corporation (AMSC) today.
The provider of power technologies is down about 45% in the pre-market, after it disclosed last night that it's biggest customer, a Chinese wind turbine company, abruptly canceled a huge order on the last day of the quarter.
According to a note from Wunderlich securities, the customer, Sinovel, accounts for 75% of AMSC's revenue, and without any apparent explanation it literally rejected a huge delivery at the factory gate. It's also begun a fight over passed payments it owed.
AMSC doesn't believe there's an issue with either Sinovel's own finances or the Chinese wind market in general, which raises the possibility that Sinovel basically went for the most aggressive negogitating tactic imaginable -- canceling the order, watching AMSC's share plunge, as revenue and expected cash receivables dry up, and then watching the supplier come crawling back.
Anyway, when you're dealing with small companies that rely on one huge Chinese customer for the bulk of their revenue, caveat investor.
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Wheelin and Dealin'
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Wheelin and Dealin'
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April 6th, 2011 10:34 PM #4924By the way sepaking of AMSC... Average daily volume is 950,000 shares... We are 9:38AM New York time just 8 minutes after the opening bell and its already traded 3.2M shares...
Anyone want to day trade? I smell quick bucks just because of volatility. Pero maliit lang!
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Wheelin and Dealin'
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April 7th, 2011 12:00 AM #4925I just made a day trade of AMSC!
Bought at $12.77 about an hour ago, sold it just 30 seconds after I am posting this at $13.33
Yehey may pang lunch na ako bukas!
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Wheelin and Dealin'
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Wheelin and Dealin'
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April 7th, 2011 12:12 AM #4927http://seekingalpha.com/article/2620...y?source=yahooIt’s not a pleasant time for the Douglas family, which recently purchased tens of millions in American Superconductor (AMSC) stock (or for any shareholder who did the same, for that matter). The stock was crashing 40% in after hours trading after the company revealed that its main customer, Sinovel, has refused shipments, forcing the company to slash guidance. American Superconductor now expects to report a significant quarterly loss on both a GAAP and non-GAAP basis.
Sino kaya yung Douglas family? Must feel like $**T to be a member of this family. Tens of millions of shares ang P***...
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Wheelin and Dealin'
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April 7th, 2011 08:05 AM #4928PORTUGAL asks for BAILOUT!!!
(Reuters) - Portugal's caretaker government said on Wednesday it had decided to seek financing from the European Union in an abrupt turnaround after resisting a bailout for months despite sharply deteriorating financial conditions.
The nation of 10.5 million became the third member of the euro zone to seek a rescue after Greece and Ireland after months of fending off market pressure to request assistance, as borrowing costs soared amid deepening political instability.
http://www.reuters.com/article/2011/...7351EQ20110406
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Social Dementia
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April 7th, 2011 09:58 AM #4930Portugal. it's about time. it was inevitable
Spain is next
i think before year end
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an ECB rate hike could be bad for Ireland and Spain
a lot of mortgages in Ireland and Spain are variable rate mortgagesLast edited by uls; April 7th, 2011 at 10:52 AM.
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April 7th, 2011 10:14 AM #4931check out the spot price on one of the most sought after crude oil blends --light louisiana sweet
http://www.bloomberg.com/apps/quote?ticker=USCRLLSS:IND
over $125
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April 7th, 2011 11:09 AM #4932in FX, the euro is strong coz everyone's shorting the usd
right after the Japan quake, the jpy rallied coz everyone was betting there would be massive repatriation (then central banks intervened). up to now, there's no sign of massive repatriation
it's becoming clear that Japan isnt gonna recover quickly from the effects of the quake
jpy has been falling since
so you can't use jpy to short the usd. you use euro. so the euro is where it is despite sovereign debt problems
trade surplus countries are diversifying their reserves -- reducing usd increasing euro
and there's the expected ECB rate hikeLast edited by uls; April 7th, 2011 at 11:12 AM.
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Wheelin and Dealin'
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April 7th, 2011 11:44 AM #4933If they postpone the rate hike I am shorting EUR/JPY! Originally Posted by uls
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April 7th, 2011 05:55 PM #4934Spain's Salgado rules out Portuguese contagion
http://www.cnbc.com/id/42467365/
Spain says won't be next to fall in euro crisis
http://www.cnbc.com/id/42468185
Spain insists it is not next in line for bailout
http://www.cnbc.com/id/42468174
yeah rightLast edited by uls; April 7th, 2011 at 06:05 PM.
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April 7th, 2011 06:05 PM #4935Right... I am sure Portugal was also insisting before that it won't be the next Greece or Ireland...
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April 7th, 2011 10:04 PM #4937To save face? To save credibility? To show the world that they can.
Yeah Right! They can't! They are in such a hole. Its either a bailout or social unrest...
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April 7th, 2011 10:05 PM #4938I decided not to make a move. ECB as expected raised interest rates by quarter basis points... Euro is falling somewhat, I guess tapos na yung bull case for now and the tsupit traders are taking profit... Originally Posted by tidus1203
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April 8th, 2011 12:08 AM #4940Japan new earthquake. 7.4 magnitude
Nikkei 225
Last edited by uls; April 8th, 2011 at 12:17 AM.
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Originally Posted by tidus1203
