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Thanks China, You Just Vetted BHP's Potash Acquisition By Trying To Kill It (BHP, POT, MOS, VALE, RTP)
Via Business Insider
BHP's (BHP) hostile takeover bid for the fertilizer giant Potash Corp of Saskatchewan (POT) has awoken markets to the bright future of agriculture companies. BHP is playing into the fact that emerging markets such as China have a long way to increase their consumption of agricultural products, and that with Potash, there's an opportunity to become a dominant supplier of the fertilizer which helps produces food efficiently.
The Chinese government hasn't liked the deal at all, and is trying to block it by any means.
According to China Business News (CBN), China's Ministry of Industry and Information Technology (MIIT), the State Administration for Industry and Commerce (SAIC), and major state-owned fertilizer producer Sinochem have held meetings to discuss the impact of the two deals on the global fertilizer market. And the anti-trust authority under the SAIC is considering a launch of an investigation into the cases.
Reuters also reports that China's government is trying to coax a major Canadian pension fund to buy Potash instead of BHP. They are just scared of the potential pricing power BHP might exert should it have Potash, given that China has already seen the powerful effects of pricing power in the iron ore market (dominated by BHP, Rio Tinto (RTP), and Vale (VALE)).
China's efforts to block the deal will be a thorn in the side of BHP, but for market observers, and anyone in the agricultural space, its a comforting confirmation of the bright future for agricultural companies thanks to China's future demand needs and scarcity of arable land. (China has one of the lowest ratios of arable land per person in the world)
So while it's still possible for BHP to overpay for its Potash acquisition (even good business combinations have their price), China's attempts to block any BHP/Potash tie-up from happening only make the deal look smarter. They also make Potash peers, such as Mosaic (MOS), even more confident in their future.
Let's just hope BHP doesn't pay out the nose for POT, now see 10 Other Agriculture Plays Which Could Become Takeover Targets >
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US Employment Seen Falling, Private Hiring Tepid
Via CNBC Top News and Analysis
U.S. employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure the Federal Reserve to prop up growth.
Gold River Productions, Inc. (GRPS) Announces the Filing of Updated Financial Data
Via HotStockMarket Message Boards
More...
What are some good investment books?
Via HotStockMarket Message Boards
Can anyone recommend any other good books?
Nifty Intraday update
Via Nifty charts and latest market updates
- 5475 is violated but NF is finding support around 5470 region.
- If NF breaks the white trend line a long trade towards the upper end of the range is possible for 15 points.
- If the lower line breaks at 5475 one can go short
- The range that developed yesterday is still intact.
- Once the range is violated combine it with Ilango Sir's levels to take a trade.
Ev Williams: There Are Almost 300,000 Twitter Apps (And We're Only Killing A Few To Help Our Users)
Via Business Insider
Twitter CEO Evan Williams just announced that his service has 145 million registered accounts and almost 300,000 apps using its API.
In addition to these impressive numbers, he offered up a fairly odd justification for Twitter's decision to create or buy its own clients for various computer and mobile platforms:
We did iPhone user tests and confirmed that even though there was a plethora of third-party Twitter apps, people were having trouble finding and selecting one because none were called “Twitter.” This kept them from using Twitter at all. For this reason, we acquired Tweetie and turned it into Twitter for iPhone, complete with a new user sign-up experience.
We quickly understood that we were doing users a disservice by not having a great client on each of the major mobile platforms. So, we took a similar approach with Twitter for BlackBerry (developed by RIM) and Twitter for Android, which launched a new version this week.
This is weird both because it is unconvincing, and because Twitter has nothing to apologize for here. The idea that Twitter needed an iPhone app because a significant portion of iPhone users simply couldn't figure out how to use the service on their phones is absurd. But Twitter's real motivation -- to keep a direct connection with, and hopefully some day make real money off of, its own users -- is perfectly reasonable.
Twitter's open and widely-used API is one of the things that has made it so successful. It's natural that the company is going out of its way to make sure developers still feel loved. But, as investor Fred Wilson pointed out a few months ago, there is a difference between building applications that expand on Twitter and filling product gaps that Twitter couldn't get around to in its infancy.
Life is only going to get worse for companies doing the latter in the days to come. That's tough. But take a page out of you investor's book, Twitter, and be up front about it.
Ev's full post:
Just over four months ago, at Chirp, our Twitter developer conference, I talked about how "Twitter is too hard" and what we're doing to address that.
One major area of difficulty I highlighted was getting Twitter on your phone. We did iPhone user tests and confirmed that even though there was a plethora of third-party Twitter apps, people were having trouble finding and selecting one because none were called “Twitter.” This kept them from using Twitter at all. For this reason, we acquired Tweetie and turned it into Twitter for iPhone, complete with a new user sign-up experience.
Mobile apps – Everywhere
We quickly understood that we were doing users a disservice by not having a great client on each of the major mobile platforms. So, we took a similar approach with Twitter for BlackBerry (developed by RIM) and Twitter for Android, which launched a new version this week.
This strategy has been quite successful. Total mobile users has jumped 62 percent since mid-April, and, remarkably, 16 percent of all new users to Twitter start on mobile now, as opposed to the five percent before we launched our first Twitter-branded mobile client. As we had hoped in April, these clients are bringing more people into Twitter, and, even better, they are attracting and retaining active users. Indeed, 46 percent of active users make mobile a regular part of their Twitter experience.
How people are using Twitter
Our Twitter for iPhone and Twitter for BlackBerry clients are now two of the most popular ways to use Twitter. This may not be surprising. What may be more surprising are the other top ways people use the service. The following chart shows the top ten applications people have used to access Twitter in the last 30 days. This is based on number of unique users. That is, out of all the people who logged into their Twitter account during the month, what percentage did so via each service. (The total is more than 100% because people often use more than one app.)
As this data shows, while smart phone clients are important, there are even more people who use the mobile Twitter web site and/or SMS. We've been seeing strong growth in both of these areas.
You'll also note that third-party clients continue to play an important role for many people. And, it should be underscored that users of programs like TweetDeck are some of the most active and frequent users—which is why, along with the nature of how these clients work, a disproportionate amount of the traffic from Twitter runs through such tools.
And, while the percentage of overall users drops off pretty sharply after the few listed here, there are a tremendous number of other apps that people are using, not necessarily as their main Twitter client, but as an alternative way to create or view Tweets. The number of registered OAuth applications is now at almost 300,000—this number has nearly tripled since Chirp. (This can include multiple instances of the same software.)
It’s great to see this kind of variety and growth in the ecosystem as it moves beyond basic Twitter clients. These new services help people get the most out of Twitter, contributing to user growth and new business opportunities—both of which are critical to the long-term viability of the ecosystem. We’re making great progress in these areas—we currently have more than 145 million registered users and the performance of our Promoted Products has exceeded our expectations. But we still have lots of room to grow and improve. We look forward to seeing what’s next.
Join the conversation about this story »
See Also:
- Wow--Is This Twitter's Lame-Ass Way To Deflect Blame For Breaking People's TweetDecks?
- Twitter For iPad Is Here, And It's Awesome
- Twitter Reaches Out Too Late To Users Over Broken Apps; URL Shortener Coming Soon
NIFTY daily chart analysis
Via Nifty charts and latest market updates
- Nifty is trading above its 20 day moving average. It has also closed above 5 day high ema.
- Nifty daily time frame is trading in a range of 200 points from 5351 - 5549.
- In the 3rd chart i have marked a resistance line, If nifty crosses that line convincingly we can see good upward momentum.
- Dow Jones analysis after closing bell
THE SHORT SIDE
Via HotStockMarket Message Boards
looking for corporate disasters and just bad news in general to short. no need for charts, TA, fundamentals or any of that, in fact it is quite simple. BP for example, oil spill = short side profits, it did not take a genius to figure out what direction a companies stock will take when news like that comes out...
looking at ME for a possible short tomorrow. anyone who wants to report some potential and/or in progress tankage, feel free to share. Stocks $5.00 and up only please.
Swing Trading Review: QID, UPS
Via Maoxian
I pointed out QID and UPS on chart.ly … here’s a mumbling video review (turn up the volume I guess) of the two set-ups.
People on my mailing list have one short in a utility stock to consider. If you want to be in the loop, you should join my mailing list today.
How To: Spot Emerging Sector Moves
Continuing the tutorials on using Bluefin, I wanted to highlight how you can use the Emerging Opportunities watch list to spot possible sector moves. Emerging Opportunities looks at stocks in the strongest sectors that have yet caught up with the leaders found in "Top Stocks Ranked by Momentum and Sector Momentum". Basically, these stocks are showing a high sector and individual stock ranking
About Dan Zanger
Hello stock fans my name is Daniel J. Zanger and I’m a technical stock analyst and I focus on the most explosive stocks in the stock market today. I do an evening newsletter four times a week for active traders and proactive investors focusing on these stocks for long positions and when appropriate, for shorting.
I’m also the world record holder for the largest percent change for a personal portfolio for a 12 month period of time and an 18 month period of time in the history of the stock market. So far I’ve had the first twelve months of this incredible record audited by a firm that specializes in auditing professional money managers. For one year the record is 29,233% using margin on high flying Internet stocks during the market bubble from 1998 through 2000.
I have been featured in FORTUNE MAGAZINE and appeared on a segment of EXTRA TV. I was also the weekly host of my own half-hour show on the Business Channel in LA. I’ve also been featured in numerous leading trade magazines such as Tradersworld.com, Active Trader Magazine, Forbes, Stocks and Commodities Magazine, esignal, and AIQ opening bell.
Over the last fifteen years, I’ve spent over 10,000 hours studying every type of chart pattern formation imaginable. From Cup and Handle patterns to Falling Wedges, Ascending Triangles, Bull and Bear Flags and too many others to list here now. And lucky for us these patterns repeat over and over and over again!
I combine these patterns with stocks that have unusually higher rates of growth and low number of shares that float. For the average stock I list, growth rates must be up at least 40% for both earnings and revenues growth for their most recent quarters and most stocks that I list have growth rates up 80, 90, 100 and sometimes up 200% and more. It’s these high growth rates combined with stocks that have low number of shares that float that make them so explosive.
By registering today, you’ll get two weeks of my newsletter “The Zanger Report” for free. My letter comes out Sunday through Wednesday evening and it’s packed with numerous stocks charts and their patterns. I’ll give you the ins-and-outs of the Stock Market, what stocks to keep your eye on with their buy and sell points as a result of their chart patterns or trend lines.
Visit Dan Zanger
About: Earnings and Momentum based trading ideas, tools, and concepts. I offer research driven watch lists that rank stocks based on criteria such as relative strength, sector strength, value, and short interest. One unique factor is these watch lists are a collaboration with another blogger Pradeep Bonde over at Stockbee.
