Monday, June 11, 2007

What is special today?

My AAPL is stop out together with GOOG turns south. And only one stock out of top 100 increases more than 2% with increasing volume. To be frankly, this is not a good beginning for this week. But this week is OE week, and high volatility is expected. We should stay cool, don't get in or get out easily while keeping a clear mind with what may happen in the market.

I am thinking about the strategy and got some new ideas now:)

also news released today about HSC, which has received a lot of big contracts recently and indicated that they are growing faster into the global business. I maintain my buy recommendation in this stock. Target price hasn't changed.
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Harsco Receives Three International Formwork Contracts Totaling More Than $4.5
Million HARRISBURG, Pa., June 11, 2007 (PRIME NEWSWIRE) -- Worldwide industrial
services company Harsco Corporation (NYSE:HSC) announced today that its Huennebeck access services division has received three new contracts totaling more than $4.5 million to supply rental concrete-forming equipment systems for major construction projects in Germany and the Middle East.

Huennebeck has been selected to handle the pre-installation engineering as well as coordination of rental formwork supplies and materials for a new 675 megawatt power plant being built for Vattenfall Europe at Boxberg, in the Saxony region of eastern Germany. The project, Huennebeck's largest construction site in Germany at the present time, will result in a new lignite-fired plant equipped with state-of-the-art environmental systems to support Germany's growing energy requirements. Approximately one-third of the required electricityin Germany is generated from lignite. Huennebeck's wall and floor-shaping forms and shoring supports will be used throughout the pouring and curing of the plant's cast-in-place concrete joists, walls, and columns. The first construction phase is scheduled through 2008 and also includes the use of Huennebeck's highly versatile modular climbing scaffold during the erection of walls and columns.

Huennebeck's subsidiary in the United Arab Emirates has secured two formwork rental contracts in Dubai, including the new H.H. Sheikh Hamdan Awards Building Complex, a prestigious multi-story structure that will become the centerpiece for Dubai's internationally recognized academic and medical sciences awards program similar to the Nobel Prize program. The new complex will comprise three semi-circular structures totaling nearly 125,000 sq. ft. (116,000 square meters) . Huennebeck will supply a range of concrete form systems for the walls, floors and columns as well as shoring to support high beams and slabs during construction.

Huennebeck will also supply rental forms and shoring supports to the construction of the new IBIS Hotel Dubai-Al Barsha, a new 480-room mid-rise hotel scheduled to open to the public in 2008.

These latest contract wins are further examples of Harsco Access Services' expanding presence in the fast-growing global infrastructure markets, where independent estimates of the global investment needed over the next 25 years in such areas as transportation infrastructure, education and healthcare facilities, energy and utilities, and communications infrastructure are as high as $30 trillion.

7 comments:

tomx said...

qianhu. plz add me in the group in fortuneseed bah. my ID is tomx. hehe..

Metronic said...

okey, pls be patient , I will add the remaining when we get the plan into process.

Carol said...

Support HSC, support Qianhu. Lesson #1: Never use up all the bullets :(

Unknown said...

"Support HSC, support Qianhu." :) Agree. Metronic, are you familiar with 600667?

Metronic said...

hi chanel,
no, but because it is a low float stock which can be manipulated relative easier:)

happydayone said...

got some NVEC at @31.81 (stop at $30.68).

Cross the finger now.

Metronic said...

hehe, happydayone,
you finally get it ah.
not bad.