Its all state owned in China. And Sichuan has natural gas underneath everywhere but almost never in commercial quantity or quality. This is known for a hundred years.
This news release is setting you up for insiders to unload, Or company to raise cash from you.
90% shares are institution owned. Largest holder owns 9 million shares. I think what happens now is some institutions don't want to show soiled loser on their book. So they clean house. Some of them end their quarter in January ?
SIMG earnings in decline. LSCC has no growth. Doubtful this has the potential of RFMD/TQNT merger. Or CY/ Spansion merger. LSCC will have to borrow $500 million to finance this deal since SIMG demanded cash.
This rally not sustainable.
Cover at any price. This obviously isn't going lower. Upside is 15 to 25 this week.
Netlist market cap. Several times bigger. Just common sense.
I decided not to buy. Even though the company is fast growing. The accountant change issue is not explained. The newly revealed ownership link to corruption at the top of gov't office is concerning.
Market perceive the CEO link to corrupt PLA general news is causing the 30% drop. Investors better pray this IS the cause because this link itself does not imply any problem within company.
Could there be something else ? So close to earnings ,10Q. I have no positions in JRJC at present time.
Look at Micex Index. Use Bloomberg. It has Ruble rate on same page. The Russian stock market index did not fall until December when rates are risen. All of RSX loss are attributable to Ruble depreciation. Higher rates will definitely knock the index down. Higher rates should also raise the Ruble . That should balance everything for RSX.
But this morning both MIdex and Ruble are falling. So we will get another bloodbath. Raising rates does not cure the underlying problem , falling oil price. It is down again this morning.
Ukraine closed three airports in east . Eyewitness claim NATO transports planes unloading equipement . Polish solders. Just when everyone thinks peace has a chance. They are trying to derail it.
Maybe this is where GS wants to drive it. I will load up the truck at $12 if we get there. Russia has lots of hard asset she can sell to China to raise FX. Fear of default is greatly exaggerated. China will not let Russia go down. They will be alone facing US . India will support Russia too. And Brazil.
I will lose 30 grand if RSX falls to 12. Fairly confident RSX will bounce back to $25 before 2015 Christmas.
Medvedev just gave a rather eloquent goodbye farewell speech to Ukrainians. He laid out the blueprints with East Ukraine remain in Ukraine under a new Federal constitution. With cease fire taking hold. A deal could be reached soon. I'm definitely buying today.
With American shale producers driven out of business. This price war should benefit Russia long term. Think positive . LOL $14.24 now. Jumping in head first.
How low can we go in the mean time is the question. Oil dropped from 40 to 8 driving the Soviet Union out of business. Looks like Washington wants to drive Putin out of business this time. If they are indeed determined to go for the home run...... $20. Of course that will be the buying opportunity of your life time.
And Putin today has a few more options not available to the old Soviet. China is loaded with US$ ,can buy all the oil Putin can deliver. American debt situation public and private, in the high cost shale patch in particular. Like dropping a boulder on your own foot. 17 million barrels pass through Strait of HOrmuz daily. They can disrupt this supply route send oil price up.