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02.12.2009 21:00
STOCKS NEWS US-Pre-earnings anxiety trades seen on A-Power

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1413 EST 02Dec2009-Pre-earnings anxiety trades seen for A-Power: analyst

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Shares of wind turbine marker A-Power Energy Generation Systems Ltd fell 5.1 percent to $15.33 ahead of the company's earnings due early

Thursday. In options market, top trades seem to reflect some pre-earnings

anxiety after the Dec $12.50-$17.50 risk-reversal trades at 20 cents, said

WhatsTrading.com option strategist Fred Ruffy. One trader bought 2,400 Dec

$12.50 puts at 70 cents and sold half as many Dec $17.50 calls at 90 cents,

said Ruffy. After a two-week rally of 60 percent, the stock is down 12 percent

over the past three sessions and implied volatility is elevated at 127.5

percent

Reuters Messaging: angela.moon.reuters.com@reuters.net

1403 EST 02Dec2009-JPMorgan rev could fall on legislation: analysts

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For details, see

The stock climbed 10 percent to $1.10.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

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