There is a rumor that Lehman would be the next Bear, so we were able to short LEH from $45 to $20, and long from $20 to $45 in three days. We should have pumped STP to $200, then started some rumors like "STP have inventory issue." "Dr. Shi was arrested after he walked out from June Flower Hotel."
China is a beautiful country to do business with. For $500 solicited bribe, the corrupted government officials can shut down any plant did not pay them. Also for $500 solicited or unsolicited bribe, they can do their best to lift any ban on any business in a New York minute.
Even this rumor is news later, it will not be as devastated as what STP management had done to investors in their clear consciousness, our brokerage accounts were their ATM machines. I am glad about their convertible bond offering. More institutions hold their bag in addition to us.
it is very sad that hedge funds can move stocks to such a degree with rumor mongering
It is now becoming an art form. Especially easy in a bear market full of fear and longs who have no conviction.
When our financials start trading like solar stocks did during the mania we should be concerned. Investment banks moving 40-50% a day? Freddie and Fannie up/down 50% in a week?
Ridiculous atmosphere right now. And this is the "most stable market" on earth?
I cannot even imagine all the buying power out there that is totally unregulated. If all these hedge funds are 20:1, 30:1 leverage and you see how many multi billions they have under control - and then they leverage to that degree - I think it reaches a point they need to start being regulated. The power they have over the markets is starting to make things all wacky.
<State Environmental Protection Administration Vice Minister Zhang Lijun said measures to cut pollution in Beijing and surrounding areas are being intensified to ensure the city's air is up to the required standards.
"After we have implemented all the measures, there is no problem for Beijing to meet the standards. We can deliver on our commitment," Zhang said at a news conference held on the sidelines of the annual session of the National People's Congress, the country's legislature.<br />
The measures include requiring Beijing and Tianjin cities and Hebei province to temporarily suspend emissions from some of their most heavily polluting plants, which include cement, steel and coke factories.
The provinces of Shanxi and Shandong, along with the huge Inner Mongolia region, will also be required to restrict their coal-fired emissions, Zhang said.
<br /> Zhang said he expects that "by June, we will complete all tasks necessary" to ensure the city will have the required clear air.>
I do not have a position in STP.I found this a few days ago.
Boy - someone is upset losing money....I think you need to keep suckling on your mommies nipple and get more nutrients to your brain.
Call it what you will but I only report the facts and not rumors. Your wonderful POS stock is near the lows and you keep throwing your money away. If you after solar - there are better plays out there. Yes I am shorting this stock because it's a DOG that is seriously sick!