Discussion in 'Stocks' started by GnarXkills, Oct 9, 2007.
I just got super lucky...not seeing anything yet..
I just traded that one when news hit at 12:01. Still going at $12.40. I think I bailed too early again. I was down $600 and then up $400 in half an hour. Pissed off I didn't buy earlier.
Q3 Earnings to be Announced on the 19th November 2007
NANJING, China, Oct 09, 2007 /Xinhua-PRNewswire via COMTEX/ -- China Sunergy Co., Ltd. (CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today that it has entered into a supply agreement (the "Agreement") with Luoyang Zhonggui High-tech Co., Ltd. (''Zhonggui''), a leading Chinese polysilicon manufacturing company, for the supply of approximately 106 metric tons (''MT'') of high-quality virgin solar-grade multicrystalline polysilicon for 2007 and 2008.
Under the Agreement, a total of 60MT and 46MT of solar-grade multicrystalline polysilicon will be shipped to China Sunergy in 2007 and 2008, respectively. The contracted volumes will support approximately 13MW of production for China Sunergy during the contractual term which primarily covers the period of September 2007 to March 2008. Pricing is on a fixed basis for the duration of the Agreement.
Mr. Lu Tingxiu, chairman of China Sunergy commented, "The Agreement further demonstrates our ability to improve our supply chain management in spite of challenging market conditions. We look forward to further developing our relationship with Zhonggui, which is one of China's leading polysilicon producers and has a track record of delivering a reliable supply of its high quality product to its customers.''
Allen Wang, CEO of China Sunergy, commented, "This transaction, coupled with the 68MW long term wafer contract that we signed in September, represents a significant step towards our goal of improving the overall quality of our polysilicon and enhancing the reliability of our wafer supply. We will continue to strengthen our efforts to further diversify our supplier base and seek more sizeable and longer term volumes, especially from overseas markets, to support the execution of our rapid expansion plan.''
In addition to the supply contract, China Sunergy also took delivery of a powerful printing machine made by the world's leading solar equipment manufacturing company, Baccini. S.P.A. The machine arrived in Nanjing in early October and with this, the company is targeting to produce approximately 3MW of high efficiency selective emitter cells during Q4 2007. This represents a solid step towards large scale commercial production of the said high efficiency cells.
Q3 Earnings Announcement
China Sunergy will announce its 2007 Q3 earnings on 19th November. A conference call will be arranged for 8:00 a.m. EST, details of which will be circulated nearer the time and be available on China Sunergy's website .
About China Sunergy
China Sunergy Co., Ltd. (CSUN) is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the effectiveness, profitability, and the marketability of the company's products; the ability of the company to operate as a public company; the period of time for which its current liquidity will enable the company to fund its operations; future shortage or availability of the supply of raw materials; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For further information, please contact: China Sunergy Fischer Chen Email: firstname.lastname@example.org Financial Dynamics Julian Wilson Tel: +86-10-8591-1951 Email: email@example.com Peter Schmidt Tel: +1-212-850-5654 Email: firstname.lastname@example.org
SOURCE China Sunergy Co., Ltd.
09/17/2007 09:42:52 Bought 15000 CSUN @ 6.72 -100,805.00 ---
09/17/2007 09:55:16 Sold 2000 CSUN @ 6.79 13,574.79 ---
09/17/2007 09:56:24 Sold 200 CSUN @ 6.79 1,352.97 ---
09/17/2007 09:58:19 Bought 5000 CSUN @ 6.71 -33,555.00 ---
09/18/2007 09:32:07 Sold 400 CSUN @ 6.79 2,710.95 ---
09/20/2007 16:24:30 Sold 200 CSUN @ 6.79 1,352.97 ---
09/21/2007 09:33:08 Sold 2200 CSUN @ 6.79 14,932.77 ---
09/21/2007 11:09:20 Sold 5000 CSUN @ 6.99 34,944.46 ---
09/21/2007 13:30:32 Sold 10000 CSUN @ 6.95 69,493.93 ---
09/27/2007 09:52:49 Bought 8588 CSUN @ 9.31 -79,959.28 ---
09/27/2007 09:52:49 Bought 1412 CSUN @ 9.2979 -13,128.61 ---
09/28/2007 10:35:25 Bought 5000 CSUN @ 9.8 -49,005.00 ---
09/28/2007 16:26:16 Sold 4000 CSUN @ 9.88 39,514.39 ---
10/01/2007 11:52:28 Sold 11000 CSUN @ 10.19 112,083.28 ---
10/01/2007 11:58:15 Bought 12000 CSUN @ 10.02 -120,245.00 ---
10/03/2007 10:11:13 Bought 2000 CSUN @ 12.779 -25,563.00 ---
10/05/2007 09:34:42 Sold 3850 CSUN @ 11.99 46,155.79 ---
10/05/2007 09:39:50 Bought 4000 CSUN @ 11.71 -46,845.00 ---
10/09/2007 12:05:18 Sold 14050 CSUN @ 11.99 168,456.92 ---
10/09/2007 12:05:18 Sold 100 CSUN @ 11.99 1,193.98 ---
made $36K on this.
I am swithing to SDTH and ATV.
for reasons why SDTH is great.
Yea, thats really all i got out of it. these china stocks have been a good roller coaster to ride. Keep up the discipline
Serious action in pre-market in 15 minutes. Too bad I sold.
Jesus Christ through $14. This might be the manipulated China mover of the day.
Buy SDTH, Watch the volume on Chinese stocks. Since most of them are running out of shortable shares, any sudden volume is bullish volume.
News said: $4B investment from China will enter US stock market to buy ONLY Chinese companies...
Volume is in. BREAKOUT $7 NOW!!!
How long before a new trade long on CSUN? Getting a beat down below $10. Would like to see it die to $7 or lower before catching the next pump up.
F me, I missed the dip buy on CSUN. Quietly back over $10 again. What a manipulated POS.
I want to get back in the stock action. I used to trade the news headlines on the hottest sectors, it was hi tech medical stuff and before that I think it was computer games [yup, it was a long time back...], before that it was internet companies.. I recall when Books a Million announced that they had put up a website [it was nothing, just a static site] and the price ran way up in just minutes, people used to announce on a Yahoo forum something like "Cisco just got a stochastic" and price would run....
Separate names with a comma.