Finisair Plummets 35% After Company Stuns With Weak Outlook, Chinese Business Slowdown Blamed

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Tue, 03/08/2011 - 18:17 | 1030998 John Law Lives
John Law Lives's picture

Maybe The Ben Bernanke will direct HAL 9000 to pump FNSR shares in AH.

The puppetmaster holds the strings as the crowd looks on in amazement.

Tue, 03/08/2011 - 18:50 | 1031111 asteroids
asteroids's picture

Were are the circuit breakers that were supposed to stop at 10%? Oh yeah, that's for retail? One day you will wake up and be totally fucked. And it'll happen at 2AM and it'll take 10mins.

Tue, 03/08/2011 - 19:09 | 1031193 John Law Lives
John Law Lives's picture

John Law (i.e. me) does not own stocks.  I am not too worried about a flash crash.

Tue, 03/08/2011 - 20:08 | 1031403 Don Birnam
Don Birnam's picture

"Ignition...full thrust."

Tue, 03/08/2011 - 20:18 | 1031454 cougar_w
cougar_w's picture

Someone is buying a little. No ramp job tho. Heh. I'm tempted.

Wed, 03/09/2011 - 00:23 | 1032099 whatsinaname
whatsinaname's picture

Bob Doll's blackrock on da list ?

meanwhile dynegy files ch 11 bk.. who's buying that ?

Tue, 03/08/2011 - 18:19 | 1031001 Rusty Shorts
Rusty Shorts's picture

They took er tech

Tue, 03/08/2011 - 18:39 | 1031063 string
string's picture

Dey tuk er tek jerbs.

Tue, 03/08/2011 - 18:59 | 1031150 Sophist Economicus
Sophist Economicus's picture

Unga bunga bunga

Tue, 03/08/2011 - 18:20 | 1031002 tao400
tao400's picture

We can always count on Black rock being in there long somewhere

MAVERICK CAPITAL LTD. 4,290,906 5.56 127,396,999 Dec 31, 2010 Invesco Ltd. 4,057,074 5.26 120,454,527 Dec 31, 2010 WELLINGTON MANAGEMENT COMPANY, LLP 3,398,420 4.40 100,899,089 Dec 31, 2010 COLUMBIA WANGER ASSET MANAGEMENT, L.P. 3,333,700 4.32 98,977,553 Dec 31, 2010 VANGUARD GROUP, INC. (THE) 3,155,871 4.09 93,697,809 Dec 31, 2010 WELLS FARGO & COMPANY 2,994,360 3.88 88,902,548 Dec 31, 2010 ALGER (FRED) MANAGEMENT INC 2,684,619 3.48 50,443,991 Sep 30, 2010 NEXT CENTURY GROWTH INVESTORS LLC 2,399,651 3.11 71,245,638 Dec 31, 2010 Cavalry Management Group, LLC 2,001,753 2.59 59,432,046 Dec 31, 2010 BlackRock Fund Advisors 1,931,495 2.50 57,346,086 Dec 31, 2010


Tue, 03/08/2011 - 18:33 | 1031003 plocequ1
plocequ1's picture

I just went on yahoo message board for FNSR. Very painful to watch. People getting hurt

Tue, 03/08/2011 - 18:23 | 1031008 Yikes
Yikes's picture

Bad after hours for tech.  TI just trimmed 1st Qtr estimates.  Is tomorrow a POMO day? 

Tue, 03/08/2011 - 20:21 | 1031462 cougar_w
cougar_w's picture

I'm in tech (networking ... gulp) and my stuff is holding up. But this is dicey ...

Tue, 03/08/2011 - 18:31 | 1031028 HelluvaEngineer
HelluvaEngineer's picture

Kids, remember to keep your trailing stops tight - like 37% or so.

Tue, 03/08/2011 - 18:34 | 1031046 redpill
redpill's picture

Headline on drudge: Welfare State: Handouts Make Up One-Third of U.S. Wages


Tue, 03/08/2011 - 18:43 | 1031076 reading
reading's picture

Well, I guess when you go from 15 to 46 in 6 months of POMO induced hyper momentum chasing a drop of 33% in a few short minutes is to be expected.  Wow, sucks for those who thought they could trail it with a nice stop.



Tue, 03/08/2011 - 18:47 | 1031093 I am a Man I am...
I am a Man I am Forty's picture

Just bought some at $24.87.

Tue, 03/08/2011 - 20:26 | 1031483 cougar_w
cougar_w's picture

hee hee, you beat me to it by a buck. Tmrw will tell ....

Tue, 03/08/2011 - 18:49 | 1031102 g3h
g3h's picture

Wait for Alex Henderson to come out to say, "This is even a better buy now."

Tue, 03/08/2011 - 18:51 | 1031113 LongSoupLine
LongSoupLine's picture

Note the increased volume of selling in the afternoon prior to earnings.  Almost as if some knew ahead of time....nah...sorry, that was real silly of, "insider trading"...that's illegal, what was I thinking?

Tue, 03/08/2011 - 20:19 | 1031460 grey7beard
grey7beard's picture

>>   Almost as if some knew ahead of time...


That is the reason I stopped trading in stocks many years ago.  The market has been rigged for a long, long time. 

Tue, 03/08/2011 - 18:52 | 1031116 Can2001
Can2001's picture

Hughhh, i dont wanna be a maverick .....urghhhh

Tue, 03/08/2011 - 18:51 | 1031118 virgilcaine
virgilcaine's picture

Nize bear market action..

Tue, 03/08/2011 - 18:54 | 1031126 Misean
Misean's picture

Stocks don't move on earnings. BTFD

Tue, 03/08/2011 - 19:00 | 1031130 Spalding_Smailes
Spalding_Smailes's picture

Latest Directives From the Ministry of Truth, March 2-7, 2011

The following examples of censorship instructions, issued to the media and/or Internet companies by various central (and sometimes local) government authorities, have been leaked and distributed online. Chinese journalists and bloggers often refer to those instructions as “Directives from the .” CDT has collected the selections we translate here from a variety of sources and has checked them against official Chinese media reports to confirm their implementation.

State Council Information Office: March 5, 2011

From the State Council Information Office: All local websites must meticulously propagandize and report on the National People’s Congress and the Chinese People’s Political Consultative Congress.  Set up special areas, columns, and webpages on the “Two Congresses,” and set up “Two Congress” headlines in prominent positions.  These must stand out and give off an animated and grand propagandistic air.  It is required to provide timely, accurate, and full reporting on the important activities of Party and state leaders at the “Two Congresses.”

All websites are to fully employ the capabilities offered by Internet media, and comprehensively utilize text, images, animation, and other multi-media interactive forms of propaganda to report on the Two Congresses.  This is particularly necessary for the important content and spirit of the opening ceremonies of the Two Congresses, news conferences, and working reports of the government and the standing committee of the National Chinese People’s Political Consultative Congress.

In general, propaganda requires that we circle around and hold high the flag of the Party; focus on building up the interests of the nation; in all things serve the people; and maintain reform and innovation.  Please emphasize positive propagandizing of unity, stability, and enthusiasm.  All reports must fully reflect the democracy of the meetings, and the general scene of unity, fact-seeking, and bold advancement.

Central Propaganda Bureau: March 4, 2011

From the Central Propaganda Bureau: In their reports on the proposals before the Chinese People’s Political Consultative Congress, media are in all cases to use copy circulated from the Xinhua news agency.  Do not hype the “Proposal King”; do not question the function of the Consultative Congress.

Central Propaganda Bureau: March 4, 2011

From the Central Propaganda Bureau: All media are not to report on excessive use of public security in Beijing during the meetings of the National People’s Congress and the Chinese People’s Political Consultative Congress.  Do not hype the story “The People’s Security is Afraid of the People.”

Central Propaganda Bureau: Corruption of Party Committee Secretary in Wushe County, Henan March 4, 2011

From the Central Propaganda Bureau: All media are not to report on the corruption case of the Party Committee Secretary in Wushe County, Henan.

Central Propaganda Bureau: Student Death at Hebei Industrial University March 4, 2011

From the Central Propaganda Bureau: All media are not to report on the death of a Hebei Industrial University (Hebei gongye daxue) at a train station in Daqing.

Tue, 03/08/2011 - 19:02 | 1031156 NOTW777
NOTW777's picture

the chinese are still arresting, beating and persecuting Christians


also recently heard of a case where chinese public bureau police were surveiling the house of a subject on the east coast of US - yes, they are here

Tue, 03/08/2011 - 19:12 | 1031201 Spalding_Smailes
Spalding_Smailes's picture

Central Propaganda Bureau: Salary Increases for the PLA March 3, 2011

From the Central Propaganda Bureau: All media are not to hype the salary increase given to the People’s Liberation Army.


Central Propaganda Bureau: Jasmine March 2, 2011

From the Central Propaganda Bureau: Media are not to report on any information related to “Chinese Jasmine."


State Council Information Office: China Banking Regulatory Commission’s Official Network Appears to Have Leaked the Personal Information of 188 Citizens March 2, 2011

From the State Council Information Office:  All websites are requested to immediately search for and delete the story “Citizens’ Personal Information is Precious: China Banking Regulatory Commission Appears to Have Leaked the Personal Information of 188 Citizens.”  All websites and interactive spaces, including online forums, blogs, micro-blogs, instant messaging services, and text messaging services are to thoroughly search for and immediate delete this story and related information.

Citizens’ Personal Information is More Important Than Heaven: China Banking Regulatory Commission Appears to Have Leaked the Personal Information of 188 Citizens.

Tue, 03/08/2011 - 19:04 | 1031167 EscapeKey
EscapeKey's picture

Yep, because the BLS only releases absolutely trustworthy information you can take to the bank.

Tue, 03/08/2011 - 18:59 | 1031145 Can2001
Can2001's picture

fat up gap @2/4 11 and fat candles  dayli evening star  at 2/11 -2/15 2011....yes this times are different

Tue, 03/08/2011 - 18:58 | 1031146 NOTW777
NOTW777's picture

so, curious what does a fund do in this situation? dump AH or wait for a bounce?

Tue, 03/08/2011 - 19:16 | 1031222 Can2001
Can2001's picture

i think they cant do anything the portfolio its an pub( in my mean

research) ...performance in this monh comes maybe down 025 -1% against competitors.

its interisting to see what comes tomorrow...

Tue, 03/08/2011 - 19:36 | 1031291 NOTW777
NOTW777's picture

well AH does not allow efficient vol.  looks like some support at 24.57ish so i nibbled

earnings were ok - it was guidance.  39% haircut however might be overdone

Tue, 03/08/2011 - 19:00 | 1031147 Can2001
Can2001's picture

fat up gap @2/4 11 and fat candles  dayli evening star  at 2/11 -2/15 2011....yes this times are different

Tue, 03/08/2011 - 19:03 | 1031161 EscapeKey
EscapeKey's picture

"Finisair"? Why, because their stock price flies?

Well, it doesn't anymore. Back to "Finisar" again.

Tue, 03/08/2011 - 19:07 | 1031180 Can2001
Can2001's picture

"lol" thats ridicoulus  tape = 25;  200ma( e) =24,78; 200ma (s) =22,19....


bennie stand there with a gun, fueled of dollars...

Tue, 03/08/2011 - 19:08 | 1031188 Seasmoke
Seasmoke's picture


Tue, 03/08/2011 - 19:18 | 1031234 MountainHawk
MountainHawk's picture

I'm gambling on some DANG march calls going into tomm, should make for an interesting day...

Tue, 03/08/2011 - 19:54 | 1031350 walküre
walküre's picture

yeah, yeah.. price discovery is a bitch.

there is cash waiting to invest but at these levels ... no thanks.

let the top investors eat each other alive over the next 6 months.

may the strongest survive and when they're done, I might come in for the scrabs.


Tue, 03/08/2011 - 20:08 | 1031405 Astute Investor
Astute Investor's picture

I believe this is one of Leo's favorites...

Tue, 03/08/2011 - 20:12 | 1031410 hambone
hambone's picture

With friends like THE STREET...who needs enemies?

3 Stocks That Could Get Squeezed Higher

All about Finisair...came out at noon today.  Won't be a happy open for many new stock holders tomorrow.

Tue, 03/08/2011 - 20:41 | 1031537 cougar_w
cougar_w's picture

... unless they bought after-hours. Though even then it could open red ...

Tue, 03/08/2011 - 20:12 | 1031411 Can2001
Can2001's picture

in normal time it looks like overbought with ptarget@ 2$ , but we live in opinion this thing is is near 1$ toast than 200$ ...time will tell

Tue, 03/08/2011 - 20:17 | 1031449 long-shorty
long-shorty's picture

Giving credit where credit is due... Hamed Khorsand of BWS Financial has been (now presciently) calling for/warning of an imminent inventory correction in the optical networking space, including the inventory build (not sell-through) in China. That's a little different than about every other analyst in the space. Congrats, man. You nailed it.

Tue, 03/08/2011 - 20:29 | 1031498 mynhair
mynhair's picture

No wonder NFLX didn't tank.  More pressing problems presented.

Tue, 03/08/2011 - 20:50 | 1031589 b_thunder
b_thunder's picture

35% drop in AH trade?  it's like 2001 all over again!  man, does anyone else remembers those days? 

BTW, this p.o.s. was 15 bucks before the QE2 and the all-conquering dash-for-trash (stocks), aka Cramer's "tsunami."  I think there's still plenty of "air" underneth...



Tue, 03/08/2011 - 20:58 | 1031631 reader2010
reader2010's picture

Is this the prelude to the inevitable Great Housing Crash in China?

Tue, 03/08/2011 - 21:54 | 1031804 Math Man
Math Man's picture

More likely a prelude to the coming drop in Precious Metals and Commodities demand from China...

Tue, 03/08/2011 - 21:37 | 1031763 matthylland
matthylland's picture

I think the market is toppy...just read this reply on the Scottrade community message board:


"Im a new member. Got tired of listening to the Dr.s at work talk about how he just made 250k in just 3 months and how he makes more money on his day off then having to come in to work and be a Dr. Its my turn!  but starting really small. still have a lot to learn. :)
Good for you! That's exactly what I'm talking about. There's no reason why me or you or the average American can't make a nice living"



2000 all over again, or at least the start

Tue, 03/08/2011 - 23:06 | 1031970 reader2010
reader2010's picture

 “As long as the music is playing, you've got to get up and dance

Do NOT follow this link or you will be banned from the site!