No I'm long myl and the stock dropped 10 minutes after the bet was made in the option market.Someone knows no offer coming before expiration of those options....
No thats the ceo problem if theres wrong doing....problem is the huge put selling .Investors figure they wouldn't sell that many puts at 73.50 july put if there was a offer coming before then.The trade was huge.Soon after the stock dropped hard and keeps dropping
If you look at the amco chart the year the VAT rebate expired the shares fell extremely hard. As of July the VAT rebate is back.I think this could actually be setting up for a major run as the companys profitability will return.
As of yet its not in the PPS but i think a double here is setting up. Any ideas why other then the vwap set is bringing this down?
The VAT rebate policy was once implemented in year 2009 and 2010 but ceased in year 2011 due to consideration for industry rectification and environmental protection. The policy effective on July 1, 2015 mainly applies to qualified processing recyclers rather than upstream scattered collectors and downstream steel mill. Armco Renewable Metals received approval for operation according to the "Standards of Entering the Scrap Steel Processing Industry" in the middle of 2014 and has been certified as a Demonstration Base for Steel Scrap Processing and Distribution by the China Steel Scrap Industrial Associations in early 2013, and thus is qualified for the favorable policy.
Yeah the VAT rebate should be a very good development for the company but looking at the PPs you would think its horrible news.Must be the last of the convertible debt dropping the price to convert as cheap as possible
I think your correct.When its done or the company starts dropping some good news then its stuck.Although i think we see a double if not more from this level as the earnings come out and the company guides up .The VAT rebate should be big for them
I think they should raise it to 95.00 just to get it done! Not because i have call options at 73.50 strike :)
Honestly the debt is almost paid off (convertible debt) but the lousy prices for all the commodity's they do has hurt the sector big time.Might need time to recover.The VAT rebate will help but a recovery in the commodity's is needed
As we wash thru this volume in the low 2.60s we will break out near the close of today ...hod break then 2.80s and tomm 3s...chart looks great! Indicators are just curling up for a run
AMCO could see a lot higher prices.Depends on the Chinese economy and the commodity prices . The next Q report along with guidance should be very telling. Any guidance higher or just not that bad could see a major price spike in AMCO
Stocks cheap...any good guidance it will double from here in a day
DENN benifits from the oil price/gas prices moving lower.Frees up that grand slam breakfast a couple days more a month then when gas prices are higher...i see DENN moving to 12.50 into the earnings.Earnings beat /raise and added buy back then a move to 13.50/14 in August
Yes i like these large volume early down day followed by a reversal to the upside by days end...looks like those that wanted out got out...MYL under 60.00 is a strong buy....I wouldn't be surprised to see another big parma company try and take out myl since its 20.00 dollar pull back. That or a activist investor gets involved
Sentiment: Strong Buy
Always look for top people...Frost from OPK and Imclone....lets not forget Imclone bought for what 72 bucks a share
You would also think with the drop in the yuan amco will see some benefit from that along with the vat rebate.Any new big stimulus could also provide a boast to the pps...likely its the dilution from the CD notes that keeps taking it down