Very strong broad tone on Thursday and Friday ... small caps set up early afternoon on Thursday ... how you managed initial stop, overnight risk, and trailing stop are key questions. Third target 76.25 not yet reached by TNA (+3x small cap).
Borgen S02 E03
Marrot, the last worker in the Worker's Party (tattoo thankfully hidden). Not a fancy pants like Birgitte or closeted pansy Troels Höx.
Dragonvale -- Nectar Dragon
Light + Ice = Nectar
Knockoff Legos
Chinese ingenuity shortening Chima to Chim. Super Heroes to Super Herdes, etc.
NQ Mobile Inc. Convertible 4% 15/10/18 144A
NQ Mobile sold convertible bonds just prior to the Muddy Waters report. Had some ups and downs, currently 72.145.
NQ 4 18/10/15 CVT PUT
NQ MOBILE INC
S&P 2013/10/16
ISIN: US64118UAA60
COMMON CODE: 098424253
CUSIP: 64118UAA6
SEDOL: BFP6K85
WERTPAPIER: A1HSE4
US64118UAA60
Putable, Convertible
KY / USD
Finance - Finance
Fixed:Plain Vanilla Fixed Coupon, 144A
Bond Issued
Issue Description
Domicile of Issuer:Cayman Islands (KY)
Market of Issue:United States
Name of Borrower:--
Domicile of Borrower:--
S&P Industry:Finance - Finance
Program Type:--
Seniority:Senior Unsecured
Private Placement:Yes
Guarantor:--
ECB Indicator:Not ECB Eligible
Series #:--
Ownership Type:Book Entry
TRFIT US Eligibility Code:144a for QIB
Date Seasoned:--
TRACE Status:TRACE Reportable
Collateral Type:--
Min. Denomination / Increment:1,000.00 / 1,000.00 USD
Convertible Type:Convertible into Equity of the Issuer
Convertible Into:NQ.N
Warrants:No
Clearing House:Depository Trust Co
Exchange Listed:
MARKETAXESS
EU Savings Tax Directive:Yes
Withholding Tax:--
Offering Type:Private placement-144A
Solvability Ratio:100
suance Details
Issue Date / Price / Yield:
2013/10/16/ 100/ --
Issue Spread:-- (--)
Original Issue Amount:172,500,000 USD
Total Issue Amount:172,500,000 USD
Total Price to Public:172,500,000 USD
Announcement Date:2013/10/07
Auction Date:--
MTN:No
Underwriters:DEUTSCHE SECURITIES INC
MORGAN STANLEY & CO LLC
Underwriters:
NameTypeAmount
DEUTSCHE SECURITIES INCJoint Lead Manager--
MORGAN STANLEY & CO LLCJoint Lead Manager--
DEUTSCHE SECURITIES INCBookrunner--
MORGAN STANLEY & CO LLCBookrunner--
Principal / Coupon Information
Maturity Date:
2018/10/15 @ 100
Principal / Coupon Currency:USD / USD
Amount Outstanding:172,500,000 USD
%Amount Outstanding / Total Issue Amount:100.0000%
Coupon Type / Frequency:Fixed:Plain Vanilla Fixed Coupon / Semiannually
Current Coupon / Next Pay Date:4.0000 / 2014/10/15
Coupon Formula:--
Dated / First / Final Coupon:
2013/10/16/ 2014/04/15/ 2018/04/15
Irregular Coupon:First
Ratings
Rating SourceDateRatingWatch Code
Moody's Long-term Issue Credit Rating2013/10/16N/A--
Standard & Poor's2013/10/16N/A--
Gouging Chinese Consumers
Excerpt from a recent JPMorgan note:
"The China Dairy Industry Association believes that infant formula prices are still too expensive, making reference to the discrepancy between prices of certain key brands in Europe (€9-15/cRMB130, which implies cost of production at below RMB130) vs. prices of these brands also selling in China (RMB200-470)."
Baby drinks Topfer brand milk powder imported from Germany. I guess we pay around 300 kuai a box, which is three times the price we would pay in Europe. Small price to pay to avoid melamine poisoning.
Dragonvale -- Dream Dragon
Heat + Fungus = Dream ... 50 hours to breed and 50 hours to incubate gives enough time to gather the 50,000,000 coins the Dream habitat costs.
Borgen S02 E02
Laugesen, handsome thin bastard with a great-fitting jacket. Pure evil.
Borgen S02 E01
Magnus, bed-wetter, and possible Minecraft addict (I've seen that look before). Little Rory McIlroy?
Trading idea for Thu. Jun. 5, 2014 | Fifth Third Bancorp (FITB)
You'll recall when FITB closed at 95 cents a share back on February 20, 2009. Well, I remember because I had recommended that all my dear friends load the boat with various regional banks and other financial stocks (including the dreadful Washington Mutual) ... just before the crash. Live and learn (and lose).
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