TMK OAO-SPON ADR (OTC:TMKXY), Down By 6.23% ($0.94) From $15.090 After BUYINS.NET Report Predicted Stock Would Go Down Due To B
April 24, 2013 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Friday, April 12th 2013 stating that TMK OAO-SPON ADR (OTC:TMKXY) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=tmkxy&id=360649
At the time this story was written, TMK OAO-SPON ADR (OTC:TMKXY) is Down By $0.94 (6.23%) since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.
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TMK OAO-SPON ADR (OTC:TMKXY) - OAO TMK, together with its subsidiaries, engages in the manufacture, distribution, and supply of seamless and welded pipes. Its products include drill pipes, well casings, and tubing used in the drilling, equipping, and operation of oil and gas wells; line pipes used for infield pipelines to deliver crude oil and natural gas from fields to refineries, storage tank farms, loading terminals, and distribution points; seamless and welded industrial pipes used in machine-building, hydraulics, boiler, and process equipment; and large-diameter welded pipes for the construction of trunk pipeline systems for the long-distance transportation of natural gas, crude oil, and petroleum products. The company manufactures its products from carbon, stainless, and heat-resistant steels, as well as titanium and nickel alloys. OAO TMK also manufactures steel billets and premium pipes connections; and produces heat and electrical energy, as well as involved in the maintenance and repair of equipment, and sales and distribution of pipes. In addition, it provides pipe coating services; logistics services; and various services for oil and gas industries. The company s products are used in the oil and gas, chemical and petrochemical, energy and machine-building, construction and municipal housing, shipbuilding, aviation and aerospace, and agriculture sectors. It sells its products through distribution networks and dealers in Russia, the United States, the Middle East, Europe, North Africa, south and southeast Asia, and the CIS countries. The company was founded in 2001 and is based in Moscow, the Russian Federation. OAO TMK is a subsidiary of TMK Steel Limited.. There is a failure to deliver in shares of TMKXY
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