The People’s Bank of China overnight injected a fresh 500 million yuan, the equivalent of $81 billion, into its top five banks, in a bid to boost market liquidity and forestall further sluggishness in the country’s economic performance.
The global financial markets reflexively popped a bit higher on the move, with stocks in China rising by half a percent and commodity prices bouncing. The Shanghai stock market is up more than 15% since its March low despite generally soft Chinese economic numbers, so perhaps investors were already expecting further stimulative action.
headlines regarding X ...
Bought the sheet out of the low 80's....im LOADED!
1. Under valued by every measure based on known info.
2. Very minimal short sellers meaning only holders who dont want to hold will drop the price.
3. Large inside ownership.
4. China Economy expected to increase 7% annually.
5. .49 cents in cash per share (as of last q).
6. Annual report due out within the next 2 weeks!
Can anyone please provide a useful formula or even brief synopsis. much appreciated in advance!
as good of an opportunity that this appears to be, it also appears very very bad...thoughts?
LONDON (Reuters) - European shares took a sharp tumble on Thursday as accusations by Ukraine that Russia had moved troops across the border brought a three-day global rally to a shuddering halt.
Ukrainian President Petro Poroshenko said Russian forces had entered Ukraine, and he convened his security and defence council to decide how to respond.
The tensions put riskier assets firmly under pressure with Moscow stocks slumping and the top share index in Germany (.GDAXI) -- whose corporate sector has strong trade ties with Russia -- dropping more than 1.3 percent after other sources also reported Russian troops had crossed the border to fight alongside separatists.
Wall Street, which has repeatedly set all-time highs in recent weeks, was set to open lower too despite second quarter growth being revised up and unemployment claims falling as part of an early flurry of data.
Safe-haven investments were in demand, with yields on German government bonds , the traditional go-to asset for risk-wary European investors, hitting all-time lows [GVD/EUR] and the yen (JPY=) and Swiss franc (CHF=) on the rise. [FRX/]
The bruised euro (EUR=) also clung to modest gains as bets were laid aside on possible fresh ECB stimulus next week amid the fast-moving developments in Ukraine and as German CPI data suggested deflation remains unlikely in the bloc for now.
German inflation came in at a steady 0.8 percent ahead of Friday's euro zone number. Corresponding Spanish figures saw a slightly smaller-than-forecast drop as revised second quarter GDP held up too.
Talk of fresh ECB policy easing erupted last week following a strongly-worded speech from the bank's President. But sources at the central bank told Reuters on Wednesday that new action was unlikely next week unless Friday's inflation numbers showed the bloc clearly heading for deflation.
"Germany is roughly 30 percent of the euro zone so if that (inflation rate) stays stable, it limits the downside for the overall region," said
Sellers are getting robbed here....
This dialogue, cash and cash burn are all I needed to see. Order backlog is puzzling, but at minimum the backlog still exists and have not been converted into cancellations.
If I am wrong, I wont have a problem with it....I do not have to always be right. However, I stand by this prediction STILL
mine's is a recording of what I am doing, and in no way do I intend for others to follow my posts, or use them as a means to make purchasing decisions. I am in fact only attempting to use an investment mb to speak, and converse about investing....