With the liberal anti austerity, anti payback loans and anti tax party winning you know the rest of the PIGS are going to be facing populace revolts if they hold the euro line. Germany with head for the door, hence all the repatriation of their gold reserves. Swiss added rocket fuel to the break up. It will be interesting to see how much more unwanted strength the Greenback tacks on as it is clearly the prettiest girl at the swine dance. Since there is nothing the US wants more than to devalue the Greenback, I'm sure there will be some unexpected fall out from areas unlooked for. It is pretty clear, however, that the Eurozone will be looking at buying gold as their best option to preserve wealth. The Japanese haven't really made the Gold Rush front and center, but I suspect the starters gun just sounded for them as well before the Yen reflects its real purchasing power as diminished by the ABE/BERNAKI paper bombing runs.
Well, I assume today is a manipulated takedown. With gold knocking around $1300, it is hard for me to see this as anything other than blatant manipulation. It was an expensive buy yesterday, and one that has been tough not to get out of today. But, we've all see this before, and it will go back up.
Well, options expired on the 16th this month. So, you might want to re think you logic. I bought as well. And, I was surprised in took such a big hit. I'm putting the back slide to everyone jumping out and rushing to the prettiest girl at the dance, which was tech today. Gold back above 1300 with a US dollar that has gained 20 percent against most of the World's currencies is a pretty compelling reason to belong the miners.
Canadian Solar says projects to offset U.S. duties impact
(Reuters) - Canadian Solar Inc said it expected its more profitable business of building solar power plants to help blunt the impact of a fall in margins in the United States due to the imposition of duties on solar products made in China and Taiwan.
Shares of the company, which also reported its fourth-straight quarterly profit, rose as much as 19 percent in morning trade on heavy volumes.
The United States last month extended tariffs against China-made solar products to those made in Taiwan, plugging a loophole that allowed Chinese solar companies to use factories in Taiwan to bypass the duties.
Canadian Solar was using factories in China to ship products to the United States and the company's margins had shrunk after the duties were levied, Chief Executive Shawn Qu said on a conference call.
Qu said lower margins in the United States would be offset by higher revenue and profits in its solar projects, or total solutions, business.
Canadian Solar forecast gross margins of 19-21 percent for the current quarter ending September, compared to 19 percent in the second.
The company said it expected project business's share in revenue to rise to more than 50 percent in the second half of the year from about 33 percent in the second quarter.
Guelph, Ontario-based Canadian Solar plans to build plants "overseas" to cater to the U.S. market, Qu said, echoing smaller rival ReneSola Ltd.
But for now, Canadian Solar is banking on markets such as Japan, Canada, China and Europe.
The company said it expected panel shipments to rise to 720-750 megawatts (MW) in the third quarter from 646 MW in the second.
Higher shipments and selling prices for its panels, along with strong demand and prices for solar projects, helped the company report a profit in the second quarter ended June 30.
Canadian Solar said its projects business was benefiting from the recent launch of several yield cos, but it expects to make a decision about forming its own yield co only in 2015.
A number of solar companies have bundled some solar plants and spun them off into yield-paying public companies.
Canadian Solar forecast revenue of $760 million to $810 million for the third quarter, compared with the average analyst estimate of $784.8 million, according to Thomson Reuters I/B/E/S.
Net income attributable to the company was $55.8 million, or 95 cents per share, in the second quarter, compared with a net loss of $12.6 million, or 29 cents per share, a year earlier.
Revenue jumped 64 percent to $623.8 million.
More than 8.5 million Canadian Solar shares had changed hands by about 11 a.m. ET, more than three times their 50-day moving average. The stock was the second-biggest percentage gainer on the Nasdaq.
I must admit I just added another chunk this AM. Really, the overall thread to SP is not Company performance, or Gov. Reg via Tariffs, but the overall market. This market is so overbought, and the CBs are losing credibility.
Naw, they just couldn't bring themselves to build an expensive target for IS missile fire. They need to get that 600 mile wall built first
Thanks. BTW, while searching for info., I found this: "
But the tariffs should not have a large impact, since the benefits that foreign governments give to companies to set up manufacturing in their country — such as lower corporate tax rates and low-cost financing — "far outweigh the penalty of a 2.5 percent tariff," Blansett said"
Perhaps someone a little more focused on CSIQ can provide an abbreviated response. But, it seems to me that CSIQ maintains, in a not to long ago interview, that the tariff will have a minimal consequence on their bottom line.
I just took a position and I'm already considerably underwater. The only things I can think of are slow down in China, low oil prices, and serious ALGO manipulation either for option expry or just to hoover up cheap shares. Pretty soon we'll see a PE of 4.
I have to point out that( I slept in the AM) looking at GERN's chart this session, it is the prettiest march up I've seen since I don't know when. Very encouraging, esp. on a day with so much down pressure on a majority of stocks. It really is text book beautiful.
Yep, if you wanna play here's the soup de jour for day trading and swing trading and Gonzo trading:
JNUG, NUGT, UGAZ and their inverses. Easy to get run out of each one no matter what side of the trade you are on. I've been playing them for years, and it is hard to win at, although hopefully the big wins take care of the smaller losses...
Irish, that's a date---even if I have to hitch-hike to the Library to access the board, ng. Best of health and fortune in15.
All I see is options and NO open market purchases. And, shockingly all of your "buyers" have less shares than I do and apparently have no motivation to buy in the open market. Kind of unsettling.
Irish, in this World of manipulated posts, liars and cheats, your very personal story has become a touchstone for my investing strategy. I'll be open and say I've been beat up to the tune of over Half a Million dollars over the last two years. I'm in a World that makes no sense. The Fed Put, the endless lying by the BLS, the HF traders the black Pools....etc, etc. It has costs me a lot of sleepless nights and an obsessive behavior disorder, OCD stock market fixation. I spend sixteen to eighteen hours a day researching and trading, I think I know more than most and yet I've had my butt handed to me. When I take a break from my frustration and anger and OCDness, I come back to your story. And, it gives me hope and strength. So, I thank you and John for your honesty and transparency, and want you to know that in some small way, you have helped keep me sane during a period that has been very very dark. And, as I type this, I realize how superficial my comments are compared to stress and trauma you and John have faced heroically and I feel a bit embarrassed. So, I'll not delete this, but offer it as a glimpse of how your story has affected others.
All the best.
Well, you are entitled to your rather irrational opinion. But, tax loss selling is not baloney nor is it irrelevant. Yesterday the M Fool had a positive article and it helped vol. and share price. Today, just light holiday vol with no news. Expected news might occur in mid Jan., or it may occur in May. Not much reason for traders to hold on at this point in time.
What difference does it make? If the Janssen deal is dissolved that be very very bad. If GERN follows through with its hinting that they are in the market to acquire other Companies, that would matter. There Q cash burn is not the question that needs to be asked or answered.