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American Superconductor (AMSC) does a reverse National Semi after cutting its outlook on news...

American Superconductor (AMSC) does a reverse National Semi after cutting its outlook on news its largest customer, China's Sinovel Wind, refuses to accept any more shipments until it reduces inventory levels. AMSC -48% AH.
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Comments (2)
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    ouch. this one hurts a lot. the shorts were right on this.

     

    check your premises- this one was bought because of the long run story - the long run just got a little longer. oh well.

     

    E is for Endurance.

     

    E
    5 Apr 2011, 06:49 PM Reply Like
  • datadave
    , contributor
    Comments (683) | Send Message
     
    yeah, I had calls on AMSC, sold half of them this week. Thought about it today. Rotten luck. I am sure they'll be worth ZERO tomoroow. Not enough for a 'roll-over'. Be wary of small stocks with options, I am finding out the hard way, In fact, I'll probably only do indexes in options from on.
    5 Apr 2011, 10:34 PM Reply Like
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