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ALCOA (US) to pay 85 mil settle case

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khng2012
    11-Oct-2012 21:34  
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Doesn't matter. I am not a proffessional traders, can earn money will do. I am using poems, got live tools is enough to me. The chart look good, I will not take profit so early.

wowww 7.65, another 4.5%

Bopanha      ( Date: 11-Oct-2012 21:23) Posted:

If you trade via direct US brokers, you could sell for a profit already, or buy some more before the market opens.

khng2012      ( Date: 11-Oct-2012 21:13) Posted:

Woowww. approaching to open in US market, Alpha future show buy at 7.52 and sell at 7.53, it is 2.87% up. Good start. Hope today will be a straight white candle. Don't be like yesterday, burn off white candle.


 
 
Bopanha
    11-Oct-2012 21:33  
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Same as me, put a price to buy and hold a day or two and then put a queue or trailing stop.   Go to sleep, at 12 midnight and sweet dreams, because the next morning have to watch SGX-st.

yabbest      ( Date: 11-Oct-2012 21:27) Posted:



friend, told u i jip in anr when 6.50 mah...i let go some for holiday trip, still holding some for long term basis.

i read in ausgrp thread merlin_magic wants   to buy alcoa ...same as me, so found alcoa news just create a thread, whoever wish to share any US counters also can, no hard and fast rule

i also will buy alcoa if it dips below $8...  yes, alot analysts think fiscal cliffs blar blar but i dont think major correction now....thks and all the best

anyway when i dont contra, i dont monitor US shares, sleep more impt to me haha...once awhile got feel then i stay up...if not i just q buy or q sell then sleep haha
 
khng2012 
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Posted: 11-Oct-2012 21:13
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Woowww. approaching to open in US market, Alpha future show buy at 7.52 and sell at 7.53, it is 2.87% up. Good start. Hope today will be a straight white candle. Don't be like yesterday, burn off white candle.

 
 
yabbest
    11-Oct-2012 21:27  
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friend, told u i jip in anr when 6.50 mah...i let go some for holiday trip, still holding some for long term basis.

i read in ausgrp thread merlin_magic wants   to buy alcoa ...same as me, so found alcoa news just create a thread, whoever wish to share any US counters also can, no hard and fast rule

i also will buy alcoa if it dips below $8...  yes, alot analysts think fiscal cliffs blar blar but i dont think major correction now....thks and all the best

anyway when i dont contra, i dont monitor US shares, sleep more impt to me haha...once awhile got feel then i stay up...if not i just q buy or q sell then sleep haha
 
khng2012 
Senior
Posted: 11-Oct-2012 21:13
  x 0 
  x 0
Woowww. approaching to open in US market, Alpha future show buy at 7.52 and sell at 7.53, it is 2.87% up. Good start. Hope today will be a straight white candle. Don't be like yesterday, burn off white candle.
 

 
Bopanha
    11-Oct-2012 21:23  
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If you trade via direct US brokers, you could sell for a profit already, or buy some more before the market opens.

khng2012      ( Date: 11-Oct-2012 21:13) Posted:

Woowww. approaching to open in US market, Alpha future show buy at 7.52 and sell at 7.53, it is 2.87% up. Good start. Hope today will be a straight white candle. Don't be like yesterday, burn off white candle.

 
 
khng2012
    11-Oct-2012 21:13  
Contact    Quote!
Woowww. approaching to open in US market, Alpha future show buy at 7.52 and sell at 7.53, it is 2.87% up. Good start. Hope today will be a straight white candle. Don't be like yesterday, burn off white candle.
 
 
Bopanha
    11-Oct-2012 20:58  
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Looks like up for US market.   Alcoa & A pha both up too in pre trading hours.   Oil and Dow showing up too.
 

 
khng2012
    11-Oct-2012 20:52  
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Today coal news are quite mixture good news http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/8810167 http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/8805607 Bad news http://www.chinadaily.com.cn/business/2012-10/11/content_15810635.htm http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Coal/8810166 http://www.harlandaily.com/view/full_story/20439984/article-Alpha-closes-Coalgood-Energy--25-without-work However, bad news is more on thermal coal and good news is on coking coal. Alpha is 60% revenue in coking coal. Therefore, future open show positive.
 
 
khng2012
    11-Oct-2012 20:34  
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Wah, you start US tread here. Did you buy back Alpha last night? Future price of Alpha look good as usual now, 7.41 queue at buy and 7.47 queue at sell. Hopefully, don't like yesterday night, open up and close down.

yabbest      ( Date: 11-Oct-2012 20:05) Posted:


Streaming Stock Quotes Are

Alpha Natural Resources Inc(  ANR  :NYSE)

Real Time Stock Quote
|
Source: NYSE ARCA Real-Time Stock Prices
Extended Hours7.36
Last Trade
  0.05  (+0.68%)
Pre-Market Change
34,846
Volume
08:02:01 AM  EDT 
Pre-market
7.31  USD 
Close Price
  0.03  (+0.41%)
Change
27,072,051
Volume
10-10-2012   
Market Close

 
 
yabbest
    11-Oct-2012 20:05  
Contact    Quote!

Streaming Stock Quotes Are

Alpha Natural Resources Inc(  ANR  :NYSE)

Real Time Stock Quote
|
Source: NYSE ARCA Real-Time Stock Prices
Extended Hours7.36
Last Trade
  0.05  (+0.68%)
Pre-Market Change
34,846
Volume
08:02:01 AM  EDT 
Pre-market
7.31  USD 
Close Price
  0.03  (+0.41%)
Change
27,072,051
Volume
10-10-2012   
Market Close
 
 
yabbest
    11-Oct-2012 19:59  
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Moody's repeats: U.S. rating will be slashed if debt-to-GDP doesn't improve

October 10, 2012

S& P adds: " There isn't a plausible scenario for the U.S. to grow its way out of the deficit"

" As our reports indicate, despite increased revenues from anticipated GDP growth, there isn't a plausible scenario for the U.S. to grow its way out of the deficit," John Piecuch, a spokesman for S& P, wrote Oct. 5 in an e-mail. 

Moody's said its Aaa rating for the U.S. will probably be cut one level next year unless the government agrees on a plan to reduce the ratio " over the medium term." The firm considers debt levels in the whole economy in its sovereign ranking, said Steven Hess, the senior vice-president and lead analyst covering the U.S. at Moody's in New York. 

" As the household deleveraging goes on, because consumption is the biggest part of GDP, as long as that continues it's harder for the federal government to reduce its deficit, to reduce its debt ratio," Hess said Oct. 3 in a telephone interview.
 

 
yabbest
    11-Oct-2012 19:41  
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Exclusive: The aluminum giant is set to announce a deal with Alba, a state-owned Bahraini smelter that brought civil racketeering and fraud claims against Alcoa.

FORTUNE -- After years of fighting one of the most unusual civil claims  brought by a foreign company in a U.S. court, Alcoa Inc. has finally  capitulated.

Without admitting any wrongdoing, the metals giant has agreed pay $85  million in cash to settle a civil racketeering and fraud suit filed by  a state-owned aluminum smelting facility in Bahrain, according to two  people briefed on the details of the deal.

Other terms of the deal, which calls for a renewal of business  between the two companies, remain shrouded by a confidentiality  agreement. The deal calls for Alcoa (AA) to resume shipments of alumina,  the key precursor in aluminum production, to the Bahraini smelter. For  the Bahrainis the deal represents a victory. The new contract they  signed with Alcoa, which they are likely to claim is extremely favorable,  adding up to some $350 million or more in rebates and  other concessions, according to people familiar with the deal. But  Alcoa is likely to maintain that even with these concessions it will still make a  profit on the deal.

However expensive, the settlement marks the beginning of the end of  a long legal nightmare for Alcoa that    began in early 2008. That's  when Aluminium Bahrain, or Alba, sued Alcoa in federal court in  Pittsburgh, PA.

Alba alleged that the American company had orchestrated a  15-year-long scheme to corrupt senior Alba officials and others in the  Bahraini government to secure favorable contracts.

The civil claim attracted the attention of the U.S. Department of  Justice and the SEC, which launched their own investigations. Alcoa  suffered a major setback late last year when a federal judge  rejected Alcoa's motion to dismiss Alba's case.

The case has pitted two of the country's top trial lawyers against  each other. Spearheading Alcoa's civil defense has been Evan Chesler,  presiding partner at Cravath, Swaine & Moore. Akin Gump Strauss  Hauer & Feld's Mark MacDougall, a former federal prosecutor, has represented Alba. The federal probes are ongoing. 

 
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