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m22au
Registered: Mar 2002
Posts: 3138 |
10-15-12 11:33 AM
I'm probably shorting CLWR this morning.
"The transaction does not require Sprint to take any actions involving Clearwire Corporation other than those set forth in agreements Sprint has previously entered into with Clearwire and certain of its shareholders. "
On Friday, I read somewhere (24/7 WallStreet ?) that $2.30 was the most S would pay for CLWR, given its debt burden.
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m22au
Registered: Mar 2002
Posts: 3138 |
10-15-12 05:23 PM
Quote from m22au:
In my post last week I listed some short ideas
http://www.elitetrader.com/vb/showt...017#post3639017
Under the umbrella of 'base metals to short due to China growth concerns', I included:
Iron ore: Fortescue
Coal: ANR ACI
steel could fall into this as well, one example being AKS
It is more difficult to find a free source for iron ore quotes than it is for other metals.
One possible source is Reuters, using the code
.IO62-CNI=SI
For example, searching Reuters news articles (or Google News) for .IO62-CNI=SI
http://www.reuters.com/search?blob=.IO62-CNI%3DSI
provides a list of recent news articles about iron ore and steel prices.
Alternatively, this Bloomberg page:
http://www.bloomberg.com/quote/MBIO62DA:IND
lists prices for iron ore
"Iron Ore delivered to Qingdao China - 62% Ferrous Content - USD/dry metric ton"
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m22au
Registered: Mar 2002
Posts: 3138 |
10-16-12 03:46 PM
Very bad European car sales numbers today.
On a day when European equities are racing higher.
Sore thumb of the day award goes to Peugeot, down 3% to 5.80 EUR, near the 52-week low of 5.70.
In July there were various articles questioning the company's long-term prosepcts, such as this one:
http://globaleconomicanalysis.blogs...bt-default.html
"Peugeot Has 51% Chance of Debt Default; Hollande Says France Will Not Let Peugeot Lay Off Workers"
It looks like Peugeot and ALU are two French entities keeping each other company as they languish near 52-week lows.
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m22au
Registered: Mar 2002
Posts: 3138 |
10-18-12 10:50 AM
Although shorting Peugeot in a free market makes sense, it's important to remember that Governments often interfere with free markets.
This is demonstrated as a distinct possibility in this article:
"Peugeot’s Finance Unit May Get French Government Lifeline"
http://www.bloomberg.com/news/2012-...ivision-1-.html
where Peugeot may receive a bailout, most likely without having to issue equity to the government as part of the process.
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m22au
Registered: Mar 2002
Posts: 3138 |
10-19-12 03:51 PM
10-02-12
Quote from m22au:
Four more short ideas:
AMD HPQ LXK DELL
All four of these relate to the theme of PC growth slowing, and tablet / smartphone use taking some of their market share of the wider "computing market".
Initially I thought ALU and Peugeot might be the next "big bankruptcy", but today AMD is becoming a strong candidate.
Down 12% to $2.30 and a market cap of $1.67 billion.
AMD bonds here:
http://cxa.gtm.idmanagedsolutions.c...sult.aspx?q=amd
August 2020 yielding 9.40%
December 2017 yielding 8.98%
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