Iran again rejects nuclear deadline AFP via Yahoo! News - 7 hours ago

SEC extends restrictions on short-selling- AP
Federal regulators on Tuesday extended through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae, Freddie Mac and 17 large investment banks.

SCON reached 2.35 now, up +48% since called

SCON reached 2.35 now, up +48% within 13 trading days since called(Penny play: SCON@1.59 -Jul 11).

OIL PRICE RISES IN ASIA ON WORRIES ABOUT IRAN'S NUCLEAR PROGRAM






SINGAPORE, Jul 29, 2008 (AsiaPulse via COMTEX) -- Oil prices rebounded on Monday in Asia on comments by Iran's president suggesting a significant increase in the country's nuclear programme, but worries about the faltering US economy and crude demand continued to weigh on futures.

Light, sweet crude for September delivery rose USD1.37 to US$124.63 a barrel in Asian electronic trading on the New York Mercantile Exchange by mid afternoon in Singapore.

The contract fell US$2.23 to settle at USD123.26 a barrel on Friday -- oil's lowest point in weeks -- as investors questioned whether crude has cooled enough to reflect a serious deterioration in demand.

But Iranian President Mahmoud Ahmadinejad's announcement on Saturday that Iran now possesses 6,000 centrifuges raised concerns about an increase in tensions between Western powers and OPEC's second-largest producer over its nuclear programme.

The higher number, which is double the 3,000 uranium-enriching machines Iran had previously said it was operating, is certain to further rankle the United States and others who fear Tehran is intent on developing weapons.

"The comments by the Iranian president are a reminder that the Iranian situation remains fluid," said Victor Shum, an energy analyst with consulting firm Purvin & Gertz in Singapore.

In Nigeria, eight foreign oil workers who were kidnapped at gunpoint by six unidentified men in a speed boat on Saturday were released unharmed hours later, according to a Nigerian military spokesman. The abduction highlighted the risks of operating in the African nation, a major supplier to the US. Earlier in the week, Nigerian militants threatened to blow up pipelines in the region within a month.

(PTI)

INDONESIAN GOVT TO LOWER ESTIMATED OIL PRICE IN DRAFT 2009 BUDGET






JAKARTA, Jul 29, 2008 (AsiaPulse via COMTEX) -- The Indonesian government plans to lower the assumed oil price in the draft 2009 state budget to US$130 a barrel from US$140 a barrel previously.

"We see oil prices are indeed (declining). We are still studying the drop. And we will look into the possibility of lowering it (the assumed oil price)," Coordinating Minister for Economic Affairs/Finance Minister Sri Mulyani Indrawati said here on Monday.

At the recent cabinet plenary session discussing the notes of finance and the draft 2009 state budget, the government decided to propose an assumed oil price of US$140 a barrel to the House of Representatives (DPR).

Global crude prices once hit another record high of US$145 a barrel but they fell to below US$125 a barrel in recent weeks.

"But to avoid all possible risks we will always form fiscal risk reserves to anticipate the possibility of global crude prices soaring to another record high of US$160 a barrel," she said.

The minister said global crude prices fell significantly to up to US$120 a barrel in recent weeks.

Based on the global economic projections world crude prices would reach an equilibrium at around US$133 a barrel in 2009 and the price of Indonesian crude (ICP) would likely reach US$128-129 a barrel, she said.

"So, we will likely set the assumed oil price at around US$130 a barrel but we remain conservative in that fiscal risk reserves will remain unchanged," she said.

Based on information and developments in the past 24 months, global crude prices were not likely to plunge or continue to fall, she said.

"But even if the global crude prices increase they will not reach a level of up to US$200 a barrel as many people feared they could not long ago," she said.

(ANTARA)

Some recent longs' review on Jul 23, Wednesday

1. BYI, reached 34.5 & now 32.87(+1.73%), called(Bounce play: BYI@26.78 -Jul 16)// once up +29% within 6 trading days
2. TCBK reached 15 today & now 13.67(+1.64%), called(Bounce play: TCBK ,now 10.35, tARGET: 10.8, 11, 11.4 .. -Jul 8) //once up +45% within 12 trading days
   
3. HTBK reached 11.6 today & now 11.56(+8.14%), called(new target:10.5, 11 //Re: Bottom-fishing: HTBK@9.24, Target: 9.5 ... -Jul 18) //once up +25.5% within 6 trading days
   
4. OSBC, reached 15.15 on Jul 17, called(Back to OSBC today,//Re: Bounce play: OSBC@11.95, selling/Target ... .. -Jul 8)//once up +27% within 12 trading days
   
5. LNDC, reached 8.48 today & now 8.35(+1.95%), called(Bounce play: LNDC@6.62, target:6.8, 7.2, 7.5 stop:6 -Jul 8)//once up +28% within 12 trading days
   
6. ARGN, reached 8.8 today, called(Bounce play: ARGN ,now 6.45, tARGET: 6.7, 7 STOP: 6//Pls don't buy ... -Jul 8)//once up +36% within 12 trading days
   
7. LDSH, reached 23.54 today & now 23.37(+4.05%), called(Bottom-fishing: LDSH@22.1 Target:22.4, 23, 25 -Jul 22)//once up +6.5% within 2 trading days

Some shorts on Jul 17, Thurs

1. short: CRK dropped to 58 today & now 60.26(-7.05%), called(Shorted CRK@76.11,Target:74, 72 STOP:80 -Jul 17) //once down -24% within 5 trading days

2. short: EAC dropped to 58.27 today & now 58.6(-6.75%), called (Shorted EAC@61.7,Target: 60, 58, 55 STOP:67.4 -Jul 17) //once down -6.5% within 5 trading days

3. short: UNT dropped to 68.09 today & now 68.74(-5.89%), called(Shorted UNT@74.18, Target:73.3, 72, 70 stop:80 -Jul 17) //once down -8.3% within 5 trading days

Recent long plays

1. BYI, reached 32.34 & now 32.31(+11.18%), called(Bounce play: BYI@26.78 -Jul 16)//once up +21% within 5 trading days
   
2. TCBK reached 13.52 today & now 13.45(+12.46%), called(Bounce play: TCBK ,now 10.35, tARGET: 10.8, 11, 11.4 .. -Jul 8)//once up +31% within 11 trading days
   
3. OSBC, reached 15.15 on Jul 17, called(Back to OSBC today,//Re: Bounce play: OSBC@11.95, selling/Target ... .. -Jul 8)//once up +28% within 11 trading days
   
4. LNDC, now 8.19(+5.13%), called(Bounce play: LNDC@6.62, target:6.8, 7.2, 7.5 stop:6 -Jul 8)//once up +23.7% within 11 trading days
5. ARGN, now 8.29(+8.48%), called(Bounce play: ARGN ,now 6.45, tARGET: 6.7, 7 STOP: 6//Pls don't buy ... -Jul 8)//once up +28.5% within 11 trading days

Review on Jul 17, Thursday

1. short: CRK dropped to 66.21 today & now 68.31(-15.12%), called(Shorted CRK@76.11,Target:74, 72 STOP:80 -Jul 17)
   
2. short: EAC dropped to 59.83 today after called (Shorted EAC@61.7,Target: 60, 58, 55 STOP:67.4 -Jul 17)
   -Jul 17)
   
3. short: UNT dropped to 72.22 today after called(Shorted UNT@74.18, Target:73.3, 72, 70 stop:80 -Jul 17)
   
4. TCBK, reached 12.88 & now 12.27(+9.26%), called(Bounce play: TCBK ,now 10.35, tARGET: 10.8, 11, 11.4 .. -Jul 8)//Previous banks bounce plays like CTBK FITB FTBK ...bounced quite strongly from bottom.
   
5. OSBC, reached 15.15 & now 13.94(+8.23%), called(Back to OSBC today,//Re: Bounce play: OSBC@11.95, selling/Target ... .. -Jul 8)
   
6. short: TXT once dropped to 40.58 today & now 43.25(-5.94%), called(target:45, 44.7, 43 //Re: Shorted TXT@45.5, Target later -Jul 11)

Short/WB: dropped to 7.8 on tuesday, called to short@17.78

WB once dropped -56% within 5 weeks after called on Jun 13:

• Shorted WB@17.78 Target:17.2, 16.8 stop:19 -Jun 13

Yesterday's short: NETL

Crashing now in pre/market trading.

nice gain from YGE's run today

YGE, reached 15.42 today before pulling back, (bottom-fishing//added YGE@13.6 here, Target:14.6, 15, 15.6 stop:12.8 -Jul 7)

//make good bucks after holding 2 days.
//close to 3rd target

short: GTLS, once dropped to 44.65 today, called (Shorted more GTLS@49.79 & Shorted DRC@37.83 -Jul 4) //short: DRC once dropped to 34.66 today & now 36(-1.61%)

//once down -10% & -8.4% for them within a few days.

HTBK may move above 10 ahead

CTBK rose +21.5% to close at 10.28 today.

[HTBK to squeeze shorts？] CTBK bounced 7.53->9.99 FTBK:7.9->11

HTBK to squeeze shorts？CTBK bounced from 7.53->9.99 today while FTBK once bounced from 7.9->11

Short: GTLS DRC

Shorted more GTLS@49.79 & Shorted DRC@37.83 -Jul 4

• GTLS , once dropped to 47.39 today & now 48.15(-2.13%).
• DRC dropped to 36.06 today & now 36.59(-4.06%).

CTBK: Jun 26 is the right day to enter or average down when it once dropped to 7.59( CTBK holding 8.06 well should be a good "hammer" in chart. -Jun 26 ), it rose to 9.45 on Friday & now 9.21(+1.43%).



TBSI, once dropped to 33.75 on Friday, called(Shorted TBSI@36.81, Target:35.5, 34.4 stop:40 -Jul 2)

http://biz.yahoo.com/ap/080704/australia_bhp_billiton_baosteel.html
BHP, China's Baosteel agree iron ore price hike
Friday July 4, 11:40 am ET
BHP Billiton and China's Baosteel agree on iron ore price rise of up to 96.5 percent


SYDNEY, Australia (AP) -- BHP Billiton Ltd. said Friday that China's Baosteel, negotiating on behalf of the Chinese steel industry, agreed to price hikes of up to 96.5 percent for iron ore supplies this year following protracted negotiations.
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The increase is in line with an agreement Baosteel made last month with Rio Tinto, another major supplier, and comes as surging global demand for steel has squeezed iron ore supplies and sharply boosted prices.

Prices will rise 79.88 percent for iron ore fines and 96.5 percent for iron ore lump and are retroactive to April 1, BHP Billiton said.

"We are happy to have been able to settle the prices announced with one of our most important customers and we've been particularly pleased with the spirit in which both Baosteel and BHP Billiton undertook negotiations," said Marcus Randolph, BHP Billiton's chief executive for ferrous and coal, in the statement.

"At the end of what has been a long process, we believe our relationship with our customers remains as positive and strong as ever."

...

BRY rose to 61.72 today, called last Fri.

BRY, once rose to 61.72 today, called(Bought BRY@57.75 Target:58, 60, 61.5 stop:56 -Jun 27)

//passed 3rd target