WOW....THE PIG RECEIVED A TON OF MAIL ON GAP.V TODAY. SO THE PIG THOUGHT MAYBE WE SHOULD FOCUS A BIT ON IT ALONG WITH THE USUAL PICKS OF THE DAY. ITS BEEN A LONG TIME SINCE THE PIG HAS SEEN A MANIA SUCH AS THIS.
FOR THOSE NOT UP TO SPEED, THE COMPANY IS PHARMAGAP, A JUNIOR CANCER RESEARCHER. ON MONDAY THEY ANNOUNCED THAT WITHIN DAYS, ANOTHER NEWS RELEASE WOULD BE ISSUED AS TO SOME TEST RESULTS ON ONE OF THEIR EXPERIMENTAL DRUGS. THERES A TON OF INFORMATION AVAILABLE ON SEDAR, IN THE BIOTECH AREA OF THE NET AND ON THE VARIOUS WEBSITES OUT THERE. THE RUMOUR MILL IS GOING BANANAS TOO. SO THE PIG MADE A CALL TODAY (PIGS CAN USE A PHONE ? - CAN'T THEY ?) TO A CONTACT WHO UNDERSTANDS THIS BIOTECH STUFF MORE THAN HE. FROM THE WHOLE CONVERSATION.....AND....THE ONE COMMENT (THAT WAS ALSO MENTIONED ON SOME OF THE FORUMS OUT THERE) THAT STANDS OUT IS......... THE FACT THAT THE COMPANY SENT THE RESULTS BACK FOR A SECOND TIME TO CONFIRM THE DATA THEY HAD RECEIVED ON THE INITIAL TESTS. THE PIGS CONTACT SAID THAT USUALLY THE "ONLY" TIME THAT THESE RESULTS ARE RE-EXPENSED TO BE RETESTED IS WHEN THE RESULTS ARE EXTRAORDINARILY GOODN AND ADDITIONAL CONFIRMATION IS REQUIRED. POOR OR AVERAGE RESULTS ARE NOT RETESTED UNLESS THERE IS A FLAW OR ABNORMALITY/ANOMALY IN THE TEST RESULTS/APPARATUS OR TESTING MATRIX. SO THE PIG EXPECTS THE ANNOUNCEMENT TO BE A POSITIVE ONE.
AS FOR THE THE ISSUES RELATED TO THE TRADING OF IT. THERE INVOLVES TIME, MONEY, SENTIMENT, AND ECONOMICS AS INGREDIENTS TO BE ACCOUNTED FOR. IF YOUR IN ALREADY, HOLD FOR THE NEWS AND ANY MOVE BEFOREHAND. IF YOUR NOT IN AND THINKING OF GETTING IN THEN YOU CAN EXPECT A BIT MORE OF A RUN UP INTO NEWS, AND POSSIBLY A DECENT TADE WITHIN. ONE THING.....THE PIG NOTICED THAT THE MARKET MAKERS DID THERE LARGE BEST TO KEEP A LID ON ANY GAINS ON THE STOCK TODAY. IF THE MANIA CONTINUES, THIS WILL BE A DIFFICULT PROPOSITION TO CONTINUE. THE PIG LOOKS FOR THE POSSIBILITY OF ANOTHER SIDEWAYS DAY THURSDAY, FOLLOWED BY SOME SCRAMBLING ON FRIDAY TO GET SOME IN ADVANCE OF NEXT WEEK. WHICH WILL NUDGE IT UPWARDS A TAD MORE. ALL KINDS OF RUMOURS AND PREDICTIONS OUT THERE, BUT THE CHART TELLS ALL..........AND ITS GOOD......
ON WITH THE SHOW....
MAP.V.....OUR SCANNER IS AN AMAZING DEVICE. JUST WHEN YOU THINK YOU HAVE IT CORNERED AND FIGURED OUT, IT THROWS US A NEW CURVE. BIG SCANNER OF THE NIGHT HERE. HUGE MOMENTUM SHIFT IN MOST VECTORS RAN ITS NUMBERS TO THE TOP OF THE CHARTS TONIGHT. A BIT THIN IN THE LIQUIDITY DEPARTMENT, THE PIG SAYS ITS EARLY BUT COULD BE A LOOKER...........
GGY.V...SECOND BIG CHOP OF THE NIGHT. LOOKS LIKE A STRONG ACCUMULATION PERIOD IS GOING TO BE FOLLOWED BY DECENT LIQUIDITY IMPROVEMENTS. IF SO, AND LIQUIDITY DOES RETURN, THIS COULD HAVE DOUBLE WRITTEN ALL OVER IT.
GPO.V...ANOTHER TURNAROUND STORY ? ....MAYBE.....THE NUMBERS SAY A DRAMTIC CHANGE IS ABOUT TO OCCUR HERE. BIG NUMBERS IN DISTRIBUTION, MOVING AVERAGES AND SENTIMENT HAVE THE PIG WONDERING WHATS THIS PIGLET UP TO AND/OR GOING UP TO. WATCH LIST MATERIAL, LIQUIDITY THERE AND THE PIG IS IN....
Bloomberg
Hong Kong Stocks Gain on Commodity Speculation; Tencent JumpsMay 13, 2010, 2:59 AM EDT
May 13 (Bloomberg) -- Hong Kong stocks advanced for a second day after Tencent Holdings Ltd. reported a surge in earnings, while resource-linked shares gained on speculation commodity prices will rise.Tencent, China’s largest Internet company by market value, rose 4.2 percent and was the biggest contributor to the gain in the Hang Seng Index. China Petroleum & Chemical Corp., known as Sinopec, jumped 2.5 percent and PetroChina Co., the country’s biggest oil company, climbed 2.3 percent. China Shenhua Energy Co., a unit of the country’s largest coal producer, advanced 2.3 percent.
The Hang Seng Index advanced 1.4 percent to 20,494.05 as of 2:56 p.m. in Hong Kong. The Hang Seng China Enterprises Index, which tracks the so-called H shares of Hong Kong-listed Chinese companies, gained 2.4 percent to 11,791.65.“Because of the increasing expectations for inflation, people are looking to commodities as a hedge,” said Michiya Tomita, a Hong Kong-based fund manager for Mitsubishi UFJ Asset Management Co., which manages more than $64 billion. “Shares have gotten cheaper after the recent slump.”
The Hang Seng Index has fallen 7.7 percent from three-month high on April 9 as Standard & Poor’s cut its credit ratings on Spain and Portugal, and China intensified steps to cool its property market. Stocks in the gauge trade at an average of 13.5 times estimated earnings, the second-lowest level among the benchmarks for Asia’s major stock markets after South Korea, data compiled by Bloomberg show. Tencent jumped 4.2 percent to HK$157.70, set for its biggest gain since February 22. First-quarter net income soared 72 percent on higher revenue from online games and advertising, the company said yesterday.
Commodity Shares
Sinopec gained 2.5 percent to HK$6.13, while PetroChina climbed 2.3 percent to HK$8.97. China Shenhua advanced 2.3 percent to HK$31.80. Jiangxi Copper Ltd., the biggest producer of the metal in China, jumped 4.3 percent to HK$15.58.
China’s statistics bureau said on May 11 that consumer prices rose 2.8 percent in April year-on-year, the fastest pace in 18 months. Oil prices, which increased 30 percent in the year through yesterday, were little changed today.
Esprit Holdings Ltd., a clothier that gets 84 percent of its revenue in Europe, fell 1.5 percent to HK$53, the biggest loser on the Hang Seng Index, even as concern eased that European nations’ mounting debt will derail the global recovery.
Europe Pledges
“Companies in the upstream industry, such as oil and coal, are better positioned to cope with possible inflation” than businesses closer to consumers, said Mitsubishi UFJ’s Tomita. “They can pass on higher commodity prices to their customers and keep their margin.”
Yesterday, Portugal’s 10-year bonds attracted more demand in a sale than at previous auctions, while Spain’s Socialist Prime Minister Jose Luis Rodriguez Zapatero said the country will cut public wages this year. U.K. Prime Minister David Cameron, who took office on May 11, pledged an emergency budget within 50 days to narrow the nation’s shortfall.Futures on the benchmark Hang Seng Index advanced 0.9 percent. All but three stocks rose on the 43-company gauge.
--Editor: Nick Gentle, John McCluskey.
Potash to Benefit Long-Term from World Food Shortage
May 12, 2010 @ 6:35 pm In Feature Articles, Potash Articles
By Leia Michele Toovey- Exclusive to Potash Investing News [1]
[2]Potash prices have tracked the boom and bust in the financial markets over the past two years as investors rushed into the agricultural stocks, and then later abandoned them. The underlying structure of the potash market is changing to reflect the new world economy, but one thing will stay the same: people need to eat. The long-term fundamentals of the potash market are supported by increasing populations around the world, and decreasing arable land. In the near-term, the industry is banking on pent-up demand from farmer’s who last year held back on potash use, speculating on a decline in fertilizer costs while suffering from low grain prices.
For the future, the world’s population growth will be centered in developing countries, where crowded conditions and limited arable land will put extra pressure on the local resources. India, China, and Brazil are new world leaders in terms of the future potash market. During 2009, China was one of the first countries to see a decline in potash consumption on the back of record high prices in 2008. India [3], on the other hand, continued to purchase potash, making it the largest consumer in 2009. The country’s potash purchases were virtually unaffected by the financial crisis as a result of a government subsidy on fertilizers. India is completely reliant on imports, and the country has purchased record amounts of the crop nutrient throughout the economic crisis.
Potash Corporation of Saskatchewan [4] (NYSE: POT [5]), the world’s largest fertilizer producer, is expecting global potash shipments of about 50 million tonnes in 2010. Mosaic Co [6] (NYSE: MOS [7]) is anticipating that global potash shipments will range from 47 million to 50 million tonnes this year. German potash miner K+S [8] (ETR: SDF [9]) sales volume outlook is a little more conservative, Chief Executive Norbert Steiner, known for playing it safe, said on Tuesday the group should sell slightly more than 6.5 million tonnes of potash products this year, up from previous guidance of just under 6 million tonnes. K+S now sees global industry sales of the plant nutrient reaching 45 million to 50 million tonnes, compared with a previous estimate of just 45 million.
The sector will get an unexpected boost from Canada, as a mild spring has led the country to plant a record crop of nutrient needy canola [10]. In Canada, the world’s number six wheat producer and top canola exporter, warm April weather and timely rains make a rebound in fertilizer demand more likely, officials say. “Because most of the country is out of the gate planting crops earlier, there’s general optimism that this is the season to make your investments and, therefore, drive a stronger yield.” Farmers intend to plant a record 16.9 million acres of canola this spring, according to Statistics Canada. However, many traders and analysts think that area will be even bigger. Canola is a large user of nitrogen, but also requires more phosphate and potash than wheat.
Russia’s anti-monopoly agency (FAS) said last month it would support proposals to impose an 8.5 percent export duty [11] on potash as a result of rising pricing on the domestic market Russian potash miner Uralkali’s president Denis Morozov sais such a tariff would seriously affect his company’s ability to compete in the global market “All in all, introducing a tariff would, of course, be a serious blow to our competitiveness on the global market, and it will have negative reverberations not only on the attractiveness of investing in our sector, but in the country as a whole.” Morozov also rejected the suggestion that the tariff would boost domestic sales since they account for only 5-6 percent of total production by Uralkali and its rivals.The FAS added that a final decision would be taken by a commission of first deputy Prime Minister Igor Shuvalov.
Company News
K+S has increased its expectations for potash sales in 2010, as the company revealed that it got off to a stronger start than anticipated. The fertilizer company lifted its outlook to 50 million tonnes, up from its previous expectations of 45 million tonnes, noting that brisk sales to wholesalers reflected demand from farmers rather than restocking. “Demand for fertilizers, and in particular for potash fertilizers, should increase significantly,” the group said.
With help from Assistant Editor Vivien Diniz
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Article printed from Potash Investing News: http://potashinvestingnews.com
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