Good observation on QLCC commandor. I've bought some shares at $9.33 with an RSI of 29. I agree the PPS may still show some weakness as the 50 DMA is breaking down through the 200 day line. Some near term weakness may follow but there is no denying the value here. I will complete my position if she reaches 9 or less.
LOL, wwrp. One simply needs to build up to it. I've done as many as 90 in a day. Riding provides a great opportunity to contemplate portfolio moves, too.
commandor, I hope you enjoyed the heat! Nothing I like better than a 40 mile bicycle ride with temps in the high 80+ range.
I followed your earlier advice taking a partial position in various miners during the mid-April gold price swoon. I have modest gains to date. I haven't added but am prepared to increase positions 2-3X. Is now the time to consider edging into these buys?
Fyi, this year's performance to date has been stellar. Not counting chickens though. I wish you all the best.
Meanwhile, De Gucht would not comment on whether he will go ahead with imposing punitive import duties on 21 billion euros worth of imported Chinese solar panels. The European Commission agreed to his proposal for a 47 percent tariff, which he can formally declare on June 6 if it is published in the EU's Official Journal.
AT THE MOVIES
While Europe battles with China over trade, given 18 out of 31 ongoing trade investigations are with Beijing, De Gucht said he is eager for talks to start with Washington on a trade pact focused on making each other's regulations more compatible.
"The most important part of that agreement, because it would be a real game-changer, is the regulatory (component)," he said.
The EU and the United States account for nearly half of the world's economic output and 30 percent of trade, with goods and services worth $2.7 billion traded bilaterally every day. Those figures were released in February when the two sides announced they would launch bilateral trade talks.
However U.S. President Barack Obama's pick for the U.S. Trade Representative cabinet post, Mike Froman, has yet to be confirmed. Froman is the White House chief international economic affairs advisor, a job he has held since Obama took office in 2009.
Ahead of the talks France has already pushed to exclude from negotiation the movie and television industries.
France has long defended a "cultural exception" in trade affairs in what it sees is a need to protect European arts from Hollywood-driven market forces.
According to the latest data from the Motion Picture Association of America, U.S. film and television services exports in 2010 were $13.5 billion, down 2 percent from 2009 but up 6 percent over 2006.
De Gucht said the EU would not put on the table "a cut to the subsidies for European film producers." Instead, for the first time, he is arguing the audiovisual sector should be included so European businesses could benefit from developments in the digital media
"Some European companies have blamed Chinese companies for their losses, but sometimes they were caused by their own laziness," Tao said in a report carried before the publication of De Gucht's remarks.
ZTE could not be reached immediately for comment, but the company has also in the past denied benefiting from illegal state support.
A STRATEGIC PAUSE
De Gucht's office on Wednesday said an investigation was prepared but put on hold. At the time no companies were officially named. The pause is to allow further negotiations with China in hopes for a resolution.
"We have already had three rounds of negotiations on that, but without any satisfactory outcome," he said.
"I think it is better for the whole world economy and trade that these two big trading partners come to an amicable solution on what is in fact a very strategic and crucial sector. But you need two to tango and we have the necessary resolve to go for it if necessary," he said.
China responded on Thursday, threatening the EU with retaliation.
European telecom equipment makers have not made any complaints for fear of Chinese reprisals. Therefore if the EU makes the case, it does so for the first time on its own initiative, known as ex-officio. European manufacturer Ericsson is the global leader with a 35 percent market share. It said it opposed the Commission's move.
"I don't want to elaborate on what could be the sanctions... Everybody knows. The Chinese know our procedures as well as we do. They are very well aware of what is in our toolbox," De Gucht said.
China exports network equipment, base stations and connections used by telecom providers to transmit voice and data messages worth more than 1 billion euros a year to the EU, giving it almost a quarter of the market.
Meanwhile, De Gucht would not comment on whether he will go ahead with imposing punitive import duties on 21 billion euros worth of imported Chinese solar panels. The European Commission agreed to his proposal for a 47 per
By Daniel Bases
NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.
European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a "strategic" sector of Europe's economy.
"Huawei and ZTE are dumping their products on the European market," De Gucht told Reuters in an exclusive interview before engaging with U.S. businesses as part of his preparations for negotiating a Transatlantic free trade pact with the United States. Those talks are expected to begin in July.
An investigation now into sales practices of Chinese telecoms equipment companies would open up a new front in a multibillion-euro trade offensive against a critical partner.
The EU is China's most important trading partner, while for the EU, China is second only to the United States. Chinese exports of goods to the 27-member bloc totaled 290 billion euros ($372 billion) last year, with 144 billion euros going the other way.
Cheap capital for these Chinese companies "creates a distorted playing field and that is what this is about," De Gucht said, referring to Huawei and ZTE, respectively the world's No. 2 and No. 5 telecom equipment makers.
Huawei denied it had broken any rules.
"In Europe and in all markets, Huawei always plays fair and we win business and trust from our customers through our innovative technology and quality service, rather than via pricing or subsidies," the company said in a statement e-mailed to Reuters.
Separately, the official China Daily quoted Huawei's Western Europe president Tao Jingwen as saying that the firm's rivals were blaming the company for their own failures
"Some European companies have blamed Chinese companies for their losses, but sometimes they were caused by their ow
fab, I'm not impressed by Molinaro's resume found at the TPCS website. Their board has extensive multi-national experience and top educational backgrounds unlike Molinaro. Good chance they will find someone stronger, at least on paper. BTW, I bought trading shares today under .75. Best regards.
captain, check out the management team and Board members at the TPCS website. The departed James Molinaro did not have an especially impressive background/resume to be leading a complex company. One dimensional with most of his career spent at one smallish company before TPCS. Other board members, including the incoming CEO Leonard Anthony, have far more impressive educational and business backgrounds at multi-national companies. They may well have their sights set on a stronger candidate. In sum, this change may be all for the best! See for yourself.
It is rare to see, gulley. It's the nature of markets to ebb and flow. I have seen good performers like NVTL trail off on an RSI basis without a proportional price decline only to see buyer interest recharge for another run up. Much would depend on RSI holding 50 in that case but I'm getting ahead of things there. Wait and see.
commandor is smart and disciplined as he often exits "early" but with good profits in hand. In this case I'm staying the course for now. I see the opportunity for a substantial operational turnaround or release of shareholder value due to activist shareholders. MiFi and M2M are real growth areas and are getting attention.
In case you are interested, there is some good discussion at the NVTL mb. You can also Google "San Diego Union-Tribune Novatel May 3" for a frank news article on company background and its markets.
If my recent luck had not been so good I would guess a jinx! Given the immediate exit, I'm guessing scandal or health, in that order. Might get the opportunity for those trading shares.
I picked up a full position of TPCS shares today from .95 to .93. The financials are OK and I like recent gross margin expansion on new revenue sources. Good "story" too. Chart-wise, the RSI closed near undervalued territory at 35. Price support is only a few cents below the current PPS. I may pick up some trading shares .80/.85 Good luck!
gulley, as bodybag suggests it also stinks to research and buy a stock at the right price, watch it appreciate according to plan, then watch it become a loser. Been there, done that. No profit is a bad one. On a different note many folks over at the KTCC board still mention DXPE. Many of us left big money on the table there. I doubled mine and have since moved on. Good luck!