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.
Shorts better watch out. A $400 day move maybe in the cards. Jim Rogers said the other day he will buy gold even at $1600 if US go to war with Iran.
Swiss vote should be known long ago by big players. They probably took gold to 1200 and shorted. Now they should be covering on the news.
Asian might take advantage of this sale. India relaxed gold import rules. We will see if physical demand can save us.
He could easily remedy the situation. One missile hitting the Saudi export terminal you will see oil over $120. Now if NATO enters Ukraine.....
for Technical traders. Master technicians issue their bulletins all day . Day traders follow them. One chat room I found has over 3000 followers. They are growing rapidly. Stock looks cheap for her growth rate. I think JRJC has potential making IBD's top 50 list.
I'd open an account there if I could. Those gurus are GOOD.
Institutions do not have the time to accumulate in 1000 share lots. They will buy 10,000, 50,000 share lots when supply is available. They did just that. Buy up overhanging supply.
Now they bring price back down so they can generate more supply. I hope they bring it back to 5.5. Really would like to buy more.
Your take on this is all wrong. Higher and higher price on larger and larger volume shows accumulation.
Of course it is manipulated. The accumulator will bring price down to generate more sellers when need be.
Found they have 27 billion RMD under management in 2012. Thats 4.5 billion US. Fairly big you think ? JRJC 7.22 pre market. hold or sell ?