How to trade czech stocks at London Stock Exchange

UK investors can directly participate on growth czech companies via investing to GDR. On London Stock Exchange. Currently there are two; second largest bank Komercni Banka (KMCA) and pharmaceutical Zentiva (ZEND).

I've posted brief business summaries about czech blue chips earlier at category "Czech trading" but I will come back soon with detailed description for those companies. I'd like to give you deeper insight for czech companies that you can trade with a ADR, GDR, warrant or partially with ETF or fund.

Chinese ADR traded on NYSE

Company, Ticker, Industry

BEIJING YANHUA PETROCHEMICAL, BYH, CHM
CHINA EASTERN AIRLINES, CEA, AIR
CHINA SOUTHERN AIRLINES, ZNH, AIR
CHINA TELECOM (HONG KONG), CHL, TEL
GUANGSHEN RAILWAY, GSH, TRN
HUANENG POWER INTERNATIONAL, HNP, UTI
JILIN CHEMICAL INDUSTRIAL, JCC, CHM
SHANDONG HUANENG "N" SHARES, SH, UTI
SHANGHAI PETROCHEMICAL, SHI, CHM
YANZHOU COAL MINING, YZC, COA

Today it happened what I expected and also posted on my web one week ago. Shanghai SSE Composite index lost 6.5%. This decline was triggered by taxation issues and for sure it is topic number one for today. I did screener for chinese ADRs traded on NYSE. Anyway if you are bull or bear with chinese stocks those companies can be in your interest.
My short term opinion is still bearish.

Altana (ALT.DE) with double revenue outlook

German chemical producer Altana (ALT.DE) plants to do several acqusitions. In consequence in following 5 years acquistion activities should add up to 40% of profit growth. Revenue are expected to double.

I see short trade with CEZ (BAACEZ)

Earnings calls for czech blue chip stocks is almost over. We had nice beating with Unipetrol but also disappointing for Erste. Trading in following days on czech stock exchange will be influenced mainly by directions in US and Germany.
Czech government is selling 7% shares of energetic company CEZ within one year. Currently state ownership is 67.6%.
From short term technical perspective shares are overbought and there are more downside risks.
You can trade CEZ either in Prague Stock Exchange or also in Frankfurt (WKN:887832).

SSE Composite index P/E almost double

Shanghai stock market (measured by SSE Composite index) grows up around 100% from the beginning of this year. Let's have a look to fundament with P/E ratio. We've started this year with 20 and today we have 36. Emerging markets are well know with higher P/E as rapid growth is anticipated but still I think it is too fast P/E growth and I see correction for Chinese shares.

Weekly outlook 28.5.

Economic Calendar

Monday: Memorial Day Holiday
Tuesday: Consumer Confidence
Wednesday: FOMC Minutes
Thursday: 1st Quarter GDP (Preliminary), Weekly Claims, Chicago Purchasing Managers Index [PMI], Construction Spending
Friday: NonFarm Payrolls, Personal Income/Spending, ISM Index, Univ. Of Michigan Sentiment, Pending Home Sales, Auto and Truck Sales

Earnings Calendar

Tuesday: HJ Heinz (HNZ), Columbus McKinnon (CMCO), Shamir Optical (SHMR), Suntech Power (STP), Alkermes (ALKS), Applied Signal (APSG), Blue Coat (BCSI), BMC Software (BMC), Borders Group (BGP), Donaldson (DCI), Verifone (PAY)

Wednesday: Daktronic (DAKT), Dollar Tree (DLTR), Dress Barn (DBRN), Joy Global (JOYG), Opsware (OPSW), Polo Ralph Lauren (RL), Williams Sanoma (WSM), Chico''s FAS (CHS), Jo-Ann Stores (JAS), Lions Gate Entertainment (LGF), Novell (NOVL), Payless Shoe (PSS), Semtech (SMTC), Tivo (TIVO)

Thursday: Big Lots (BIG), Ciena (CIEN), Costco (COST), Dollar General (DG), Fred’s (FRED), Movado Group (MOV), Sears Holding (SHLD), Tiffany (TIF), Brocade (BRCD), Dell Computer (DELL), Esterline Tech (ESL), HEICO (HEI), Hovnanian Enterprises (HOV), J Crew (JCG), Pall Corp. (PLL), Take Two (TTWO), and Wind River (WIND)

OmniVision Technologies (OVTI) in new uptrend.

OmniVision Technologies engages in the design, development, and marketing of semiconductor image sensor devices. Its image-sensing devices, referred under the name CameraChips, are used to capture an image and used in various commercial and consumer mass-market applications.

Lately price is crossing up 20, 50, 200 days moving averages which especially for OVTI is strong signal.

Sun Microsystems (SUNW) with discount price

Sun Microsystems (SUNW) drop more than 5% yesterday during tech sell off. I see price close to $5 as a good entry point for long position. Many technical indicators signal oversold (MACD, RSI, Slow Stochastic, OBV)

How to invest money in Europe with ETF or Funds.

For US investors the most easiest way how to trade european countries (of course except few ADRs) is invest via funds or ETF.Of course, on AMEX there is a large number of ETF focused on different european countries but also some specialities.

For instance, limit a portfolio only to companies domiciled in countries that use the euro currency, as does iShares MSCI EMU Index (EZU) to the exclusion of the United Kingdom, Switzerland, and Sweden. Also you can stick just to the biggest companies on the continent, as does DJ Euro Stoxx 50 ETF (FEZ). Quite widespread is also ETF share class (VGK).

Except ETF you can invest money directly to Funds. With distinctive exposure are Mutual European (TEMIX), Putnam Europe Equity (PEUGX) and T. Rowe Price European Stock (PRESX).

Unipetrol (BAAUNIPE) lifted 6% after ENI buy out speculation

Even czech index PX50 performance drops around 1%, Unipetrol (BAAUNIPE) is with 6% gain after speculation that ENI bought 16% share in Ceska Rafirenska wich is part of Unipetrol holding.

China eases Exchange rate control. Let Yuan rise.

Beijing revalued the yuan against the dollar by 2.1 percent in July 2005 and has let it rise another 5.3 percent since then in tightly controlled trading.

In the latest change, the yuan will be allowed to fluctuate against the dollar by 0.5 percent a day, up from 0.3 percent, the central bank announced last week.

As I am going to trade Yuan from long side I will come back to you with financial derivates after my selection.

Global stock markets summaries

My friend OptionPundit had good idea to gathered information about global stock markets. Widespreading trader's blog community publish basic information about their domestic markets. I've posted about Czech stock market. You can find out at OptionPundit blog.

Entegris (ENTG) close to resistance

Entegris (ENTG) engages in the development, manufacture, and supply of materials integrity management solutions to the semiconductor and data storage markets. It offers microenvironment products, including wafer shippers, wafer transport and process carriers, reticle transport and storage products, standard mechanical interface pods, and work-in-process boxes.

Fundament is in favour as P/E is 22 which is average in industry and PBV is only 1.5 which is giving good discount.

Technically there is 3 years resistance at level of $12. I put limit buy order slightly over 12$.

How to invest money in Hungary

In my view Hungary isn't best pick for long for year 2007. Politic situation doesn't support growth as government debt is 10% of GDP, CPI is 9%.

Hungarian stocks index BUX gained 9% in last 12 months which is even less than EURO STOXX 50 (15%). On the other side due to those politics instabilities BUX P/E ratio is 12.6 which is the lowest eastern european. Your investment to hungarian financial instruments could support also currency appreciation as central bank is probably going to do intervention in favour of hungarian Forint.

Basis of BUX:
bank OTP 35.8% of BUX, gas company MOL with 28.3%, telco Magyuar Telecom 13.7% and pharmaceutical Gedeon Richter with 14.5%.
All together those 4 blue chips represent 92% of BUX!

And how to invest in Hungary? In EUWAX, I have two favourite open-end index certifikates.
1. ISIN CH0021606022 from UBS for index BUX (included dividend payments which are btw 13%!).
2. ISIN AT0000454194 from Raiffeisen Centrobank for index HTX (w/o dividends).

Weekly outlook 21.5.

Monday
Economic: NA
Earnings: Campbell (CPB), Lowe’s (LOW), Trina Solar (TSL), Apollo (APOL), Home Inns (HMIN), Netease.com (NTES), Pac Sun (PSUN)
Tuesday
Economic: NA
Earnings: AutoZone (AZO), Children’s Place (PLCE), Staples (SPLS), GigaMedia (GIGM), Analog Devices (ADI), Men’s Wearhouse (MW)
Wednesday
Economic: Weekly Crude
Earnings: Dick’s Sporting (DKS), Gymboree (GYMB), Network Appliance (NTAP), Zumiez (ZUMZ), Target (TGT), Abercrombie (ANF), Limited (LMT)
Thursday
Economic: Weekly Claims (310K), Durable Orders (1.0%), New Home Sales (860K)
Earnings: Ann Taylor (ANN), Hormel (HRL), Patterson (PDCO), Toll Bros (TOL), Toro (TTC), Citi Trends (CTRN), Gap (GPS), Verigy (VRGY)
Friday
Economic: Existing Home Sales (6.10M)
Earnings: Agilysys (AGYS), Dollar General (DG), Cyberonics (CYBX)

Expected economic growth in Eastern Europe

For year 2007 the most growing country should be Poland from central & eastern Europe region with expected growth 5.8%. Second position for Czech Republic with 4.8%. Hungary is expected to expand only about 2.8% which equals average growth in EU 15.

Unipetrol (BAAUNIPE) lifted over 270 CZK

During Friday's trading on Prague stock exchange Unipetrol (BAAUNIPE) gained 6.5% . Improved net and operational profit are mainly due to consolidation with PKN Orlen and ongoing restructuring. Net profit grows up 87% compared last year.

Shares gaind 11% during last week.

Except Erste Bank, Unipetrol is the only one long position in my current czech holdings.

Drilling (HLX and HERO) in favour today

Both my favourite companies providing shallow-water drilling and oil & natural gas exploration are gaining today.

Helix Energy Solutions (HLX) + 3.7 $
Hercules Offshore (HERO) +3.4 $

What to pick from DAX30 in Germany?

Majority of DAX30 is quite overbought at least from short term perspective. But still there are some picks. I attached 6 months chart SAP AG (SAP.DE) which after disappointing results stabilise at 34 EUR. Technically, BUY from RSI, Bollinger Band. I place stop loss slightly below 6 months low (33 EUR).

Others stong buy Xetra picks are Munich Re (MUV2.DE), Deutsche Postbank (DPB.DE), BMW (BMW.DE).

Procter & Gamble rebounded

I missed this stock rebounded from double bottom pattern. But still I see potential growth for Procter $ Gamble (PG) over all time high $66.

2. Czech Blue chips

ZENTIVA (weight at 5%) - Czech farmaceutical company, generic producer. Making acquisitions in Croatia, Turkey. Also possible target for acquisition.

UNIPETROL (4%) - Chemical company focused on crude oil processing. Acquired by polish PKN Orlen. Extremely low P/E ratio 6.

PHILIP MORRIS (2%) - High dividend yield stock (7%). Loosing market share which reflects also stock price.

ORCO (3%) - Developers group. IPO from the last year. Compny is expanding all over the Europe, mainly eastern part.High growing stock.

1. Czech Blue chips

In two posts I'd like to briefly introduce czech blue chip stocks which are part of index PX50. Let's start with heavily weighed stocks.

CEZ (28% weight at PX50) - energetic gigant is far the most growing company. 5 years ago market price was around 100CZK and nowadays it is more the 1000CZK. Main reasons are growing price for electricity and also acquisitions in Bulgaria, Romania and Poland.

ERSTE BANK (22%) - Used to be Ceska Sporitelna. After acquired by austrian Erste Bank. Now the biggest bank in Czech Republic. Stock price highly dependend on Erste shares on austrian stock exchange.

TELEFONICA o2 (17%) - Telecommunicaton company Cesky Telecom was as target for acqusition one year agou by spanish Telefonica. High dividend yield stock (9%).

CETV (6%) - Central European Media is listed also on NASDAQ. Sales are growing especialy in Czech Republic and Slovakia. Owner of mainstream TV channels.

Update category Czech Stock Exchange

I've added to this category realtime chart for czech index PX50.

Brokerages and lowering rates

Historicaly lowering rates helps financial and brokarege companies like Morgan Stanley (MS), JP Morgan Chase (JPM), Goldman Sachs (GS), Merill Lynch (MER).
I also expect excellent quartal results from MS more probably in Aug-07 than in May-07. Which is also in line with expected rates lowering.

iPod boosts Apple (AAPL). Short term correction?

Apple gained more than 1000% in last 5 years. I see a little step down not only because of technical indicators but estimated EPS for next quarters are 50 % higher than year ago. Last year Apple was beating expectations around 30% on average.

Ebay has resistance at $35

If eBay stocks cross over $35 it can reach far behind $40. Current price is slightly above 50MA ($33) and 200MA ($31.7).

Technical chart Google (GOOG)

This is 3 years Google chart which formed bullish triangle with resistance level at $500. In following two months we can see if Google breaks this level or cross down support level. 9 months ago there is visible reaction after crossing resistance level.

Fibre channel from QLogic with MACD

QLogic (QLGC) engages in the design and development of storage network infrastructure components. It produces host bus adapters, Fibre Channel blade switches, Fibre Channel stackable switches, and fabric switches. The company also designs and develops storage routers for bridging Fibre channel and Internet small computer systems interface, and networks and storage services platforms.

Technically lately MACD applies very well buy signal. Fundament is undervaluated. P/E 15 v. 22 in industry. Growth in following 5 years should be beating industry average. Analysts earnings expectations are quite low, the same number as year ago.

EUR is gaining against USD

PPI and CPI is undere control which lowers possibility of hiking interest rate by FED. I am trading call USD/EUR.

Unipetrol (BAAUNIPE) beat expectations by 13,7%!

Today before czech market opens Unipetrol announced Q1 results which are two times better than year ago. Mainly because of higher margins in petrochemical industry.
I am long with this stock. In my view toghether with Erste Bank, those two are not overvaluated as the rest of czech blue chips.

DIVX disappoints, AMD, BMW, MUV2 boosts

Recapitalization of recommended shares:

US trades:
long MU from 11.5$ to 12.33$
long DIVX from 20$ to 16$
long VC from 9$ to 8.5$
long MS from 82.5$ to 85.3$
long CHN from 34$ to 36.5$
short CDE from 3.8$ to 3.5$
long AMD from 13.8$ to 15.29$
short NMX from 125$ to 121$

XETRA trades:
long BMW.DE from 44EUR to 50EUR
long MUV2.DE from 130EUR to 134EUR

eBay(Skype) & Wal-Mart partnership

Skype announces that it is teaming up with Wal-Mart (WMT) to address the growing popularity and demand for Internet communications among U.S. consumers. This partnership gives shoppers immediate hands-on access to headsets, webcams and handsets designed to work with Skype, as well as the first pre-paid cards for Skype available in the U.S.

Deutsche Postbank earnings

Deutsche Postbank reported today earnings which disappointed analysts expectations. Net profit grew up to 144 mil EUR from 133 mil EUR last quarter. Analyst's expectation were 156 mil. EUR.

Shares are traded at 66.5 EUR, loosing 2.3% today. I see today as a good entry long point for this stock that could be acquired in future.

New categories (ETF, Eastern Europe news, J. Cramer)

I've added three new categories:
1. ETF - I will publish news and analyses about ETF. Plus new emited ETF.
2. Eastern Europe news - Daily news from Romania, Croatia, Bulgaria, Macedonia, Slovenia. Update from eastern european financial markets, economies and politics.
3. Jim Cramer - Recommendations made by J. Cramer daily on Mad Money.

New czech certificates

Starting from May 14, 2007 Prague Stock Exchange will launch trading with ten new investment certificates. Issuer of those certificates is Raiffeisen Centrobank AG. Investment certificates will be traded on Official Free Market and Raiffeisenbank.

S-BOX DIMAX	AT0000A04KP4	index	Real Estate Index
ŽELEZNÁ RUDA TL	AT0000A04E86	turbo long	Ironstone
CECE BANKING TL	A0000A03E87	turbo long	Banks of Eastern Europe
CECE OIL GAS TL	AT0000A03EC7	turbo long	Oil and Gas of Eastern Europe
CECE TELECOM TL	AT0000A03EE3	turbo long	Telecomunications of Eastern Europe
ROTX TL	AT0000A04WA1	turbo long	Romanian Index
SETX TL	AT0000A04WF0	turbo long	Index of South-East Europe
CECE TS	AT0000A01591	turbo short	Index of Eastern Europe
CECE TL	AT0000A02961	turbo long	Index of Eastern Europe
CTX TS	AT0000A04WQ7	turbo short	Czech stocks

It's nice puzzle to my trading activities as I'm focused on Eastern Europe. I'm a little bit afraid of spread for these certificates.

AMD in bullish divergence

After long way down price seems to be supported by 13$. Also MACD histogram creates bullish divergence as a buy signal.

New category "Eastern Europe"

I've added new category "News from Eastern Europe". You can find out main headlines about financial markets and economies from eastern european countries (Albania, Bosna & Herzegovina, Bulgaria, Croatia, Macedonia, Moldova, Romania, Serbia, Slovenia)

Komercni banka analyse

Komercni banka (BAAKOMB) has P/BV 2.6 which 30% less than industry average. Mainly due to low earnings growth in following quarters based on company outlook guide.

Dividend day is 25th of May. Dividend is 150CZK per share

Unipetrol 1Q results

Unipetrol (BAAUNIPE) earnings call scheduled for 15th of May.

Futures PX50

Both futures series (PXHM7 and PXHU7) for czech index PX50 are mostly used for hedging long stock positions. Therefore there is obvious backwarding.

Today's contract gains are around 2% even thought PX50 gained only a little bit, 0.11%. This has been caused low volume.

Tomorrow I expect (also becauso of negative trading in US) index to go down and I see short those futures as a good opportunity.

On the picture you see last 10 days.

How to invest money in Slovenia

Main index SBI TOP has been calculated since March 2006. It is composed of six blue chips; pharmaceutical co. KRKA, energetic co. PETROL, retailer MERCATOR, consumer goods producer GORENJE, telco co. TELEKOM SLOVENIJE and brewery PIVOVARNA LASKO.

The largest weights are having KRKA (30%), PETROL (25%), TELEKOM SLOVENIJE (20%).

The way how to trade slovenian index SBI TOP is with index certifikate (ISIN AT000A0A38L9) emited by Raiffeisen Centrobank.

Quite useful link I've found is stock screener based on fundamentals indicators:

Fundamentals stock screener

M&A at banking sector

Based on report of potential acquisition in banking sector prepared by Sal. Oppenheim potential acquirers are UniCredit, Fortis, Royal Bank of Scotland.

Between the most possible targets for acquisitions are KBC, Deutsche Postbank, Aereal Bank

Waves with EUR/USD

Yesterday USD strenghtened agaist EUR to 1,352. The main reason I see coming FOMC meeting which takes place today. Rate 5.25% should stay unchanged. Day after we can see probably ECB hiking rate or at least with hawkish comments.

I am going to open call warrant EUR/USD after FOMC and close after ECB.

Basis of czech index PX50

Czech blue chips in different direction

Czech index PX50 gains recently supported by energetic giant CEZ which represents quarter of its basis. We're in positive territory after CEZ management announced 7% buyback its own shares.

Growth of PX50 is compensated by largest banking group Erste which lost more than 5% during last 2 weeks after earnings call disappointed analyst's estimation.

Cognex in bearish triangle

Cognex Corporation (CGNX) designs, develops, manufactures, and markets machine vision systems, or computers, which are used to automate a range of manufacturing processes where vision is required.
Company has double P/E which is average in industry. I am quite bearish and especially if price crossover support 20$.

Munich Re with higher target price

Deutsche Bank increased target price for Munich Re (MUV2.DE) for 8.2% to 145EUR in reaction to better results.
Today shares are traded at 134.1 EUR (+1.44%)

Weekly outlook - 7th May

Monday
Economic: Consumer Credit ($4.5B)
Earnings: Arena (ARD), Flamel (FLML), Sotheby’s (BID), TETRA (TTI), Fluor (FLR), J2 Global (JCOM), McDermott (MDR), Wynn (WYNN)
Tuesday
Economic: Wholesale Inventories (.4%)
Earnings: aQuantive (AQNT), Duke (DUK), Dynergy (DYN), Martin Marietta (MLM), Tyco (TYC), VeraSun (VSE), Atwood (ATW), Cisco (CSCO), Electronic Arts (ERTS), Priceline (PCLN), Disney (DIS)
Wednesday
Economic: Weekly Crude, FOMC Meeting
Earnings: Cimarex (XEC), DIRECTV (DTV), Hospira (HSP), Legg Mason (LM), Mine Safety (MSA), Toll Bros (TOL), TXU (TXU), GMarket (GMKT), Teekay (TK), Whole Foods (WFMI)
Thursday
Economic: Weekly Claims (325K), Import / Export, Trade Balance (-$60.0B)
Earnings: Biovail (BVF), EchoStar (DISH), Perficient (PRFT), Viacom (VIA.B), NVIDIA (NVDA), Net 1 UEPS Techs (UEPS), World Fuel (INT)
Friday
Economic: Retail Sales / ex Auto (.4%, .4%), PPI & Core (.6%, .2%), Business Inventories (.2%)
Earnings: Alcatel Lucent (ALU), DRS Tech (DRS), Goldcorp (GG)

Altria in uptrend

Altria Group, Inc., through its subsidiaries, engages in the manufactures and sale of cigarettes and other tobacco products in the United States and internationally.

Company has healty fundament with P/E 13. To compare with rival like British American Tabacco (BTI) P/E 17.5. In industry average is P/E 15.

Especialy in time of economic slowdown I'd prefer stock like Altria which are capable to continue with growth even economic conditions are not very convenient.

Overheated Chinese index

Market cap. companies traded on Sanghai stock market is 2.6 times bigger than 1 year ago. SSE Composite index gained 156%. February's "sell off" didn't hurt at all.

I see high posibility for similar sell-off in coming days. It can be trigger by lot of sources. Either geopolitical situation in China or american slowdown or commodity's bubble.

China is for sure "Short of the year"

Munich Re beat expectations

The second largest reinsurance group Munich Re (MUV2.DE) reported today better than expected earnings mainly because of new investments. They also announced buyback of its shares up to 2 mld. EUR.

EPS 4.35EUR, year ago was 4.20EUR. Net earnings is 959 mil EUR v. 776 mil EUR expected by analyst.

Munich Re increased target for EPS growth ,around 10% appreciation per year. Conmpany buy back 22 mil. shares till April 2008.

Munich Re is one of main leaders in my portfolio.

EBAY's stake in GittiGidiyor.com

Today's announcement that EBAY acquired a minority stake in GittiGidiyor.com pushing shares higher. As EBAY is heavily weighed in my current holdings it is leading today's profit very well.

Watch closely CDE

Coeur d'Alene Mines Corporation, through its subsidiaries, engages in the exploration and development of mineral properties principally in the United States, South America, Australia, and Africa. The company primarily explores for silver, gold, lead, and zinc deposits.

Shares are traded very closely at support level $3.8. Line has been created 1 year ago. Crossing would be strong sell signal. But also crossover throught 6month's resistance line would signal buy. From macroeconomics perspective shares could be supported by weak US dollar and rising gold prices.

I'll enter position with limit orders either to long or to short position based on crossover.

Helix (HLX) - Uptrend is over

Helix Energy Solutions Group operates as an offshore energy company. It provides development solutions and various other services to the open energy market, as well as to its oil and gas operations market. The company offers a range of contracting services in the shallow water and deepwater primarily in the Gulf of Mexico, North Sea, and Asia Pacific. Its services include exploration services, such as pre-installation surveys, rig positioning and installation assistance, drilling inspection, subsea equipment maintenance.

Till the end of year 2007 the stock were floating w/o signifacant trend. I've traded this stock based on Slow stochastic. From the beginning of the year shares rebounded also because of crude oil rise. Yesterday company came up with disappointing financial results and today loosing 8%.

DivX loosing 13%

After company posted EPS 10cents instead of 14cents that were expected by market. And also due to low outlook. Is ONT time coming?

Czech futures contracts - March, April

My first two months with trading czech futures contracts. Commission is 40 CZK per trade (around $2).

Sprint Nextel (S) close to resistance

Sprint Nextel Corporation offers various wireless and wireline communications products and services. Its Wireless segment provides wireless mobile telephone and wireless data transmission services.

Last price was $20, there is a resistance line created at $20.8. Watch closely as today's earning call is just now.

Sell NYMEX (NMX)

NYMEX Holdings (NMX) provides financial services to the energy and metals industries in the United States. It offers facilities to buy, sell, and clear energy, precious and base metals, and soft commodities for future delivery. The company provides market place for trading energy futures and options contracts.

Yesterday we had bearish triangle alert.

China Fund (CHN) fundamentals

The China Fund, Inc. operates as a nondiversified, closed-ended management investment company. The fund primarily invests in the equity securities of companies and other entities with significant assets, investments, production activities, trading, or other business interests is China, or which derive a significant part of their revenue from China.
Fundamental's indicators look pretty healthy: current price $34, P/E 3.2, EPS 10.6, Div&Yield 4.01(11.6%)

Triangle pattern for Visteon (VC)

Visteon Corporation (VC) supplies automotive systems, modules, and components to vehicle manufacturers for use in the manufacture of new vehicles, as well as to the aftermarket for use as replacement and enhancement parts.

On weekly charts you can see technical triangle pattern started already in 2004. Shares are traded at $9. Resistance level is at 10$. If we cross that 3 years resistance we can go far away behind. MA(50) $8.24 and MA(200) $7.96 which are 12 months as a support. Where we go will be clear tomorrow after earnings conference call. I trade this share with limit orders either to long or to short based on resistance or support crossover.

I missed Hercules (HERO) long

Hercules Offshore, Inc. and subsidiaries provide shallow-water drilling and liftboat services to the oil and natural gas exploration and production industry in the U.S. Gulf of Mexico and internationally.
Fundamentally shares are undervaluated as P/E equels 8.5. Recently they always beat estimated EPS and they also did yesterday during last earnings call.
I wanted to enter on 23rd April when price crossed up $27.5 supportine of 4month's channel. Also supported by higher volume
Hero is now traded at $31.5