Indices are UP after GS downgrade of US equities with a prediction of 10% drop.....
S&P 500 @ 1835.42, high 1837.41
Internals are positive minimum 2 to 1
Oil UP 73 cents
Gold Down $6.40
Canadian $ Down 64 tick @ 91.37
VIX Down 8.96% @ 12.09
Portfolio JKS KOG SINA AUY
Most stocks are UP
@ 1.55 following are down :
LULU OTEX BBRY TRIP MGA SLW LEN
CMG SU COH TCK STLD EGO GG
AEM WUBA......
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
JKS just announced a secondary and concurrent convertible note offering to raise about $200M total. It will be very telling to see how it trades on this... Any pronounced weakness and I'll probably add.
Stocktrader
Hi Stocktrader,
JKS is down less than a $.....
I think this news will be shrugged off as JKS profit is the-best in Chinese Solar....
Saleem
Hey Saleem,
I would have liked to see preliminary Q4 numbers with the offering announcement, especially this far after the quarter is actually over! It also makes the "spinoff" announcement from yesterday pretty fishy--clearly this is something they also talked about at the board meeting...
In the end I doubt it matters though. The earnings power for 2014 is real and this helps them with flexibility. Raise when you can, not when you need.
Stocktrader
Hi Stocktrader,
Credit Suisse is the brain behind all this...JKS is just following their strategy....
Saleem
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