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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Spekulatius who wrote (45958)12/14/2011 3:43:45 PM
From: E_K_S  Respond to of 78740
 
Re: FWLT

On my buy list too but I am waiting for $16.37/share. Looks like you got the low for today. It's coming down on much heavier volume than COV. Both are now in my value territory . Maybe this down draft is due to option expiration so I may be tempted to buy both positions in the next 48 hours. Luckily MGDDY is holding on w/ little sell volume.

I wonder how this will impact MGDDY?

China to Impose Anti-Dumping Duties on GM, U.S. Cars

mobile.bloomberg.com
From the article:"...China announced plans to impose anti-dumping duties on some vehicles imported from the U.S. after failing to block a U.S. tariff on Chinese tires.
Punitive duties will be as high as 12.9 percent for autos from General Motors Co. (GM) and 8.8 percent for Chrysler Group LLC, China’s commerce ministry said today on its website. The U.S. units of Bayerische Motoren Werke AG (BMW) and Daimler AG (DAI) will face duties of 2 percent and 2.7 percent respectively, it said.
“The move shows that China is always capable of intervening politically in its markets,” said Juergen Pieper, a Frankfurt-based analyst with Bankhaus Metzler. “The automobile industry is very dependent on China for growth, and there’s doubts about the pace of future expansion.”
Auto sales in China are rising at the slowest pace in 13 years, putting pressure on local Chinese producers to consolidate as GM and other foreign carmakers post gains. Automakers declined on concern higher duties may soften demand in the world’s largest car market...."

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EKS



To: Spekulatius who wrote (45958)1/4/2012 10:26:10 AM
From: Spekulatius  Read Replies (1) | Respond to of 78740
 
Out the door went my Frosty Wheelies yesterday at 19.6$. i got the better side of this trade. I think FWLT upside is limited due to poor order intake (Book to Bill way below 1) but if it hits 17$ again, I'll go back in.