ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
When Ener1 (HEV) chairman and CEO Charles Gassenheimer appeared on CNBC in November to discuss how his company will benefit from Democrat and Republican cooperation on energy policy, the stock got a nice 4% pop on the day. Last week, HEV announced a major joint venture deal with China’s number one automotive components company Wanxiang … Read more
China leads charge against U.S. injection of hot money – The Globe and Mail Facing a speculative wave of foreign investment, China and other emerging market economies are clamping down on the so-called hot money rippling through their economies in the wake of the United States’ latest move to stimulate growth and employment. (tags: Federal_Reserve … Read more
Evergreen Solar’s sudden resurgence in October remains a mystery to me. Nothing in the recent third quarter earnings report explains the sudden return of enthusiasm to the stock. On the other hand, there was just enough reassurance in the report to once again suspend fears of the worst outcomes. ESLR remains a speculative play on … Read more
A fresh buying opportunity may finally be unfolding in the solar sector. In Tech Trader Daily on Friday, Eric Savitz broke news that the U.S. government is launching an official investigation into alleged unfair trade and investment practices by the government of China in green technologies. Across the board, solar stocks were slammed in reaction … Read more
Oh to have the resources of China. The Financial Times reports in “China sits on up to $1.5bn in copper profits” that China has cleaned up in betting against the deflationary fears that gripped much of the planet in 2008-2009: “Beijing’s bet that a ‘super-cycle’ in metals markets would keep copper prices high, despite the … Read more