China Direct Trading to Focus on Consumer Products Sells 51% Interest in Power Generator Distributor and Foster Wheeler to Hold Earnings Conference Call Construction industry alert provided by U.S. Equity News. China Direct Trading Corp. (OTC BB:CHDT), a Florida corporation, recently announced that it has decided to focus on its Capstone Industries, Inc. ("Capstone") consumer product business line in an effort to achieve China Direct's strategic goal of sustained profitability from low-cost, low inventory consumer products that are direct shipped from Chinese and other low-cost contract manufacturing sources to China Direct's customers.
Foster Wheeler Ltd. (Nasdaq: FWLT) plans to hold a conference call on Tuesday, February 27, at 3:00 p.m. (Eastern) to discuss its financial results for the fourth-quarter and fiscal year ended December 29, 2006. The company expects to release the results the same day, before the market opens. The conference call will also be available over the Internet at www.fwc.com or through StreetEvents at www.streetevents.com. Stephen J. Scarborough, Chairman and Chief Executive Officer of Standard Pacific Corp. (NYSE: SPF), recently announced that the Company's Board of Directors has declared a quarterly cash dividend of $.04 per share of common stock. The cash dividend will be payable on February 22, 2007 to shareholders of record on February 8, 2007. Standard Pacific, one of the nation's largest homebuilders, has built homes for more than 93,000 families during its 40-year history. Shares of home builder Hovnanian Enterprises Inc. (NYSE:HOV) rose 5% to $34.94 in early trades Thursday after Banc of America Securities upgraded the stock to buy from neutral. Analyst Daniel Oppenheim cited improving buyer traffic in the company's core markets, solid cash flow which could be used for future acquisitions, its strategy of using options to control land, and attractive valuation.
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-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Chart shows still some room to move North Wed. Seems to trade in very narrow bands, a little slow to move. Hopefully, the little engine that could tomorrow.
-------------------- Timing, not image, is EVERYTHING Posts: 26 | From: charlotte, nc | Registered: Aug 2005
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We had trouble getting past the .02 mark yesterday but we made it. I was hoping to close at .025 today, but the EOD sellers ruined that. If the volume continues or strengthens, we could see .03 tomorrow. SAR and 50 MA is .04.
Posts: 725 | From: litte rock AR | Registered: Oct 2005
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As long as everyone keeps selling on the bid then it will go down. RSI is still low, it has some room left to climb, that doesn't mean that it will.
Posts: 725 | From: litte rock AR | Registered: Oct 2005
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