TEPCO Shares Drop Like a Stone

Shares are off by 17% due to their handling of the nuclear crisis.

Crack spreads are up 0.80% to $23.17.

Japan’s Edano announced the contamination near reactor no.2 is likely due to “melted fuel rods.”

The maker of stupid gift baskets have fucked themselves for one final time. Only this time they will do so from bankruptcy court.

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[YouTube:http://youtu.be/HknkI0opFBA?a 550 400] [YouTube:http://youtu.be/IsiFxi9uRGg?a 550 400]

The sages at TEPCO put out a correction, saying radiation levels at plant no. 2 are 100,000 times normal and not 10 million.

“I want to stay here. But as the leader of this business, I have to do what’s right for Caterpillar when making decisions about where to invest. “The direction that this state is headed in is not favorable to business and I’d like to work with you to change that.”

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Workers are being evacuated, after radiation levels of 10 million times normal were taken at plant no. 2.

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It’s being reported that over 300 people are injured and Syrian police are conducting home raids in the town of Latakia.

They want what America has, freedom. I imagine many of these protesters are starting to look at America in a different way now.

How very nice. We are now arming Al Qaeda via proxy, so that they can target US forces later.

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Protesters near Daraa are turning violent in response to Government killings of peaceful demonstrator. It’s being reported that Baath party offices have been set aflame.

Related: there are protests in the US supporting the people in Syria.

These fuckers were fighting against the US in Iraq and Afghanistan. I am dying to hear how Obama spins this one.

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Quote from son of Gadhafi, Saif al-Islam, 3-21-2011:

“But believe me, one day you’ll wake up and you will find out that you were supporting the wrong people. And you are making a big mistake with supporting those people.”

Locals say Syrian special forces are killing more innocents. Early reports say as many as 200 peaceful protesters were killed today.

The stock is adding another 20% to the 8% it made during the session on news that the ITC will review its patent ruling.

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Natty stocks responding in kind.

5 day chart of natural gas

Stocks responding:
GMXR, WRES, PQ, CRZO, GDP, XTXI, CWEI, FST and SD

BIIEX, NIVLX, SGOVX, IVICX, TVAFX

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Heavily battered, and likely fraudulent to some degree, Chinese listed stocks are bouncing hard today. Here are the winners.

No. Ticker Industry % Change
1 BSPM Chinese Burritos 15.77
2 SBAY Chinese Burritos 12.21
3 TSTC Chinese Burritos 11.24
4 ALN Chinese Burritos 10.42
5 YOKU Chinese Burritos 10.11
6 MCOX Chinese Burritos 9.51
7 FFHL Chinese Burritos 7.50
8 RCON Chinese Burritos 7.48
9 CVVT Chinese Burritos 7.42
10 SIHI Chinese Burritos 7.11
11 CAAS Chinese Burritos 6.20
12 CXDC Chinese Burritos 6.19
13 DANG Chinese Burritos 4.88
14 CSR Chinese Burritos 4.59
15 XNY Chinese Burritos 4.40
16 HOLI Chinese Burritos 4.27
17 CMFO Chinese Burritos 4.12

And, it wouldn’t be a burrito sector without some sort of egregious daily losers:

No. Ticker Industry % Change
1 FUQI Chinese Burritos -10.87
2 CHGS Chinese Burritos -10.66
3 SHZ Chinese Burritos -8.09
4 GFRE Chinese Burritos -6.31
5 DEER Chinese Burritos -6.16
6 XING Chinese Burritos -5.56
7 CBEH Chinese Burritos -5.37
8 CISG Chinese Burritos -5.14
9 CTDC Chinese Burritos -4.93
10 JRJC Chinese Burritos -4.69

Data provided by The PPT

Winners:

No. Ticker 1-week Return
1 DSCM 119.21
2 PRAN 112.93
3 CRYP 65.59
4 CHGS 47.45
5 AEN 42.86
6 BSPM 39.67
7 VHC 34.64
8 NEWN 33.81
9 BODY 33.16
10 COOL 32.08
11 CHRS 32.00
12 SHZ 30.88
13 REDF 30.57
14 AEHR 30.49
15 TZOO 29.38
16 MOBI 28.73
17 VSCP 27.61
18 TXCC 27.03
19 MEG 26.79
20 MCP 26.69
21 AUMN 26.48
22 FSII 26.16
23 ONSM 26.00
24 GSAT 25.71
25 CRWN 25.52

Losers:

No. Ticker 1-week Return
1 ARYX -70.71
2 IFON -59.65
3 JGBO -32.49
4 DEER -30.16
5 TVIX -28.53
6 XOMA -27.94
7 JTX -27.78
8 BXDD -25.45
9 CVOL -22.91
10 CELL -20.59
11 GFRE -19.12
13 BSFT -18.17
14 HMPR -17.85
15 EBIX -17.75
16 VIIX -15.88
17 LOJN -15.46
18 VXX -15.30
19 VIXY -15.13
20 CDCS -15.08
21 SOXS -14.83
22 CXZ -14.49
23 CNIT -14.41
24 BWOW-14.06
25 SQQQ -14.02
26 EDZ -13.84

Data provided by The PPT

A vicious civil war is underway.

NOTE: Ivory Coast is the #1 producer of cocoa.

UPDATE: France is taking a leadership role here, calling for sanctions against Ivory Coast (source)

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Via Twitter stream, people are claiming mass casualties, as many as 200 killed in Daraa.

Also, there are reports of government agents attacking people with knives in Assi square, Hama.

I am sure France and the U.S. will be sending bombers to quell the situation shortly.

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