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Beigledog, there's a whole lot of law firms around. Are you planning to post every one of their invitational letters here? After the first 2 or 3 they're getting a little depressing.
#7...
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against China Energy Savings Technology, Inc.
Thursday May 4, 5:23 pm ET
BALA CYNWYD, PA--(MARKET WIRE)--May 4, 2006 -- Law offices of Brodsky & Smith, LLC announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities China Energy Savings Technology, Inc.. (NasdaqNM:CESV - News) ("China Energy" or the "Company") between April 21, 2005 and February 15, 2006, inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Southern District of New York.
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The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period, thereby artificially inflating the price of China Energy securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased this stock during the above referenced class period you have certain rights. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you want to discuss your legal rights, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Evan J. Smith, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
Contact:
Evan J. Smith, Esquire
Marc L. Ackerman, Esquire
Brodsky & Smith, LLC
Email Contact
877-LEGAL-90
With all of these shareholder lawsuits being file, it leads me to think that the stock will be opened for trading in the near future.
Starshine
#6...
Trading Halts; Shareholders File Suit Against China Energy Savings Technology Inc. (NASDAQ: CESV) -- KGS Reports
Wednesday May 3, 9:34 pm ET
NEW ORLEANS, LA--(MARKET WIRE)--May 3, 2006 -- Kahn Gauthier Swick, LLC ("KGS") announces that a securities class action lawsuit has been filed in the U.S. District Court for the Southern District of New York, on behalf of shareholders who purchased or otherwise acquired the common stock of China Energy Savings Technology, Inc. (NasdaqNM:CESV - News) between April 21, 2005 and February 15, 2006.
If you acquired shares of China Energy Savings Technology, Inc. during the Class Period indicated and want to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Lewis Kahn of KGS toll free 1-866-467-1400, ext., 100, or 504-648-1850, or by email at lewis.kahn@kglg.com.
NO CLASS HAS YET BEEN CERTIFIED IN THIS ACTION AND, UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.
The Complaint alleges that Defendants violated the Securities Exchange Act of 1934 by issuing a series of material misrepresentations. On February 14, 2006, the Company filed its delayed Form 10-Q, which revealed that the Company and its independent auditors were the subject of an informal SEC inquiry. On February 15, 2006, Nasdaq announced that trading was halted in China Energy, the current status of the stock.
If you are a member of the purported class, YOU HAVE UNTIL JUNE 30, 2006, TO MOVE THE COURT TO SERVE AS LEAD PLAINTIFF.
Contact:
Lewis Kahn
KGS
Toll free 1-866-467-1400, ext., 100
504-648-1850
lewis.kahn@kglg.com
#5...
Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against China Energy Savings Technology, Inc.
Wednesday May 3, 4:32 pm ET
OKLAHOMA CITY, May 3 /PRNewswire/ -- On May 1, 2006, a class action lawsuit was filed in the United States District Court for the Southern District of New York against China Energy Savings Technology, Inc. (Nasdaq: CESV - News). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b- 5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period is from April 21, 2005 through February 15, 2006.
Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than Friday, June 30, 2006, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this or any other lawsuit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:
William B. Federman
FEDERMAN & SHERWOOD
120 N. Robinson, Suite 2720
Oklahoma City, OK 73102
(405) 235-1560/FAX: (405) 239-2112
Email to: wfederman@aol.com - http://www.federmanlaw.com
I agree...these things happen all the time and rarely work out for the good of anybody.
Buncha ambulance chasers IMO. There's no class action suit yet. If some of these lawyers manage to sign up enough shareholders and if there are actually grounds for a suit, then there will be a lawsuit. In the meantime we can just sit and watch the stock do nothing and hope to dump it fast when trading resumes.
There goes #4...
Roy Jacobs & Associates Announces Class Action Lawsuit on Behalf of Purchasers of China Energy Savings Technology, Inc. Shares -- CESV
Tuesday May 2, 3:25 pm ET
NEW YORK, May 2, 2006 (PRIMEZONE) -- Roy Jacobs & Associates announces that a lawsuit has been filed in the United States District Court for the Southern District of New York, on behalf of persons who purchased or otherwise acquired publicly traded securities of China Energy Savings Technology, Inc. (``China Energy'' or the ``Company'') (NasdaqNM:CESV - News) between April 21, 2005 and February 15, 2006, inclusive, (the ``Class Period''). The lawsuit was filed against China Energy, and certain of its top officers and directors (``Defendants'').
For further information you may call toll free (888) 884-4490, or contact counsel by e-mail by writing to classattorney@pipeline.com
The complaint alleges that Defendants violated the federal securities laws by failing to disclose that insiders had sold several million unregistered Company shares in apparent violation of applicable rules, based upon rescinded legal opinions. Further, the complaint alleges that the defendants failed to disclose material information concerning the Company's private placement offering in January 2006.
On February 15, 2006, Nasdaq announced that trading was halted in China Energy pending the receipt of further information concerning the stock sales and the rescinded legal opinions. Trading in China Energy shares have been halted since then.
If you purchased China Energy stock during the Class Period, you may qualify to serve as Lead Plaintiff on behalf of the Class, which consists of all persons and entities who purchased China Energy stock from April 21, 2005 through February 15, 2006. You are not required to have sold your China Energy stock in order to claim damages, or to serve in this role. This case will be prosecuted on a contingent fee basis so there is no charge to you.
In addition, if you are a long term holder of China Energy shares, and still hold your shares, you may have additional rights which we would be glad to discuss with you.
Our firm will answer all questions, and provide information, at no cost or obligation to you.
More information on this and other class actions can be found on the Class Action Newsline at http://www.primezone.com/ca
Contact:
Roy Jacobs & Associates
Roy L. Jacobs, Esq.
(888) 884-4490
Wonderful! All of the shares I purchased during the period I have already sold and at a gain, therefore I won't even qualify for the class-action. All of the shares that I am sporting a huge loss on were purchased prior to the period.
Generally, the recovery amount is only pennies on the dollar. No one will be made whole again by the class-action.
I hate this company - I hope they all end up in jail. Bastards!
Email the lawyers and this is what you'll get from them...
Thank you for your inquiry about the China Energy Savings Technology Securities Litigation.
The purpose of the notice which is circulated over the internet at the beginning of the case is to permit those class members with the largest losses to come forward as lead plaintiffs (which are the class members who are then involved in making important decisions with the attorneys during the litigation, as clients are involved in non-class lawsuits). If you suffered losses of more than $ 25,000.00, from purchases made between April 21, 2005 and February 15, 2006, we believe that you should seriously consider seeking to become one of the lead plaintiffs in the action. Please contact us toll free at (800) 797-5499 to discuss this option further.
If you purchased the securities during the class period, your transactions are already covered in the class action cases that have been filed; as a result, there is nothing that you need to do at this time. Once a case is formally certified as a class action (which is not likely to happen for approximately 18 months and is often done as part of a proposed settlement), you will receive notification of that event from the same source (typically your stock broker) from whom you have previously received other information concerning the Company (such as annual reports). At that time, you will be asked to complete a proof of claim form and attach documentation of your purchases and sales (if any), including trade confirmations or monthly brokerage statements showing all purchases and sales during the class period, as well as a monthly brokerage statement showing the number of shares held at the beginning and end of the class period. As we have found that investors often have a more difficult time finding that information 2-3 years after the lawsuit begins, please save all documentation of your trades. Please also note that you need not continue to hold onto your stock in order to participate in any recovery in the class action, as the claim is that the price of the shares was artificially high when you purchased them.
Unfortunately, class action litigation tends to proceed rather slowly. You may contact us by e-mail or toll free at (800) 797-5499 for an update on the case or if you have any further questions. As we will try to keep you posted of further developments in the case, as well as to inform you of any other cases in which you might be interested, please let us know if your e-mail address changes.
There is no way that we can predict what the recovery will be for each class member at this time. The amount of the recovery will depend upon the evidence of liability and damages, the ability of the defendants to cover the damages directly or through insurance, and the number of class members who file claims.
Finally, if you (or your friends) ever suffer losses from an investment in a publicly traded company which has taken a sharp or sudden drop in price, please feel free to contact us by phone, e-mail or through our website (www.snlaw.net); we will research whether your losses may have resulted from improper conduct by that company's officers or directors. If the drop in the price of the company's securities resulted from the disclosure of adverse information which was known (but not disclosed) by management, it is likely that there will be a sufficient basis for the assertion of a class action to recover the losses suffered by investors. In addition, there is no direct cost to you if a class action is initiated as we advance all expenses necessary to prosecute the class action and handle class action litigation on a contingent-fee basis (i.e., we are only reimbursed expenses or awarded fees out of the fund obtained for the class if the case is settled or won at trial, and only after a hearing by the court on the reasonableness of the fee, after notice to all class members). Please remember that no one will recover anything unless someone initiates an investigation and a case.
Sincerely,
Nancy A. Kulesa
Schatz & Nobel, P.C
HomerRomer: A stock doesn't stay halted for almost 3 months without serious consequences - esp if it involves shady dealings. And judging by what the class-actions are basing it on, it does involve fraud. So the outcome is not going to be good. When it does open it will most probably be delisted and on the OTC BB at the very least if not the pinks. And the price will be set accordingly. It will be like 50 cows trying to get thru a one cow gate.
I also had high hopes for this company. In fact, I felt so confident about them that I also put my family into the stock. Enough said.
Starshine
Here's another Lawsuit...I've always wondered why these lawsuits come in bunches...all in a span of a couple of days.
The Law Firm of Goldman Scarlato & Karon, P.C. Announces Class Action Lawsuit Against China Energy Savings Technology, Inc.
Tuesday May 2, 9:42 am ET
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--May 2, 2006--Goldman Scarlato & Karon, P.C., a law firm with offices in Pennsylvania and Ohio, announces that a lawsuit has been filed in the United States District Court for the Southern District of New York, on behalf of persons who purchased or otherwise acquired publicly traded securities of China Energy Savings Technology, Inc. ("China Energy" or the "Company") (NASDAQ: CESV - News) between April 21, 2005 and February 15, 2006, inclusive, (the "Class Period"). The lawsuit was filed against China Energy, Kwun-Luen Siu, Lawrence Lok, Yuen-Ming and Sun Li ("Defendants").
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If you are a member of this class and wish to view a copy of a complaint and join this class action, please e-mail us at info@gsk-law.com and request a copy of the complaint and a plaintiff certification. If you are a member of the Class, you may move the Court no later than June 30, 2006 to serve as a lead plaintiff for the Class. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. However, if you choose to remain an absent class member, unless and until a class is certified, you are not represented by counsel.
The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, the complaint alleges that Defendants failed to disclose: (1) that the Company's private placement offering in January 2006 was fraught with self dealing; and, (2) certain information involving the facts and circumstances about certain underlying transactions related to the rescission of certain Rule 144a legal opinions by the Company's prior securities counsel.
On January 17, 2006, the Company announced an underwriting agreement to raise $50 million through a private placement of Company stock. The very same day, China Energy announced that Mr. Sun Li resigned as Chairman and CEO of the Company. Upon his resignation, the Company immediately appointed Kwun Luen Siu Chairman of the Board and CEO. On January 20, 2006, China Energy filed two registration statements indicating that the Company could offer up to ten million shares of its common stock and in addition the Company also indicated that selling stockholders could sell up to 6.05 million shares. Shortly thereafter, on February 9, 2006, China Energy announced that it was delaying the filing of its SEC Form 10-Q for the quarter ended December 31, 2005, due to the recent change in management. On February 14, 2006, the Company filed its delayed Form 10-Q, which revealed that the Company and its independent auditors were the subject of an informal SEC inquiry. On February 15, 2006, NASDAQ announced that trading was halted in China Energy. The shares of the Company have been halted by NASDAQ ever since.
If you bought China Energy securities between April 21, 2005 and February 15, 2006, inclusive, and would like to obtain information about the lawsuit, then you are invited to call (888) 753-2796 to speak with an advisor.
Contact:
The Law Firm of Goldman Scarlato & Karon, P.C.
Mark S. Goldman, Esq., 888-753-2796
It says right in the PRs what the lawsuits are going to base as their prosecution. Some shady deals going on, new management turning over right before a $50 million PP, that kind of good stuff.
My guess is the lawsuits won't amount to much of anything for the investors. But, they should be a serious wakeup call to CESV. Time to clean house and get back to business.
Do we have any idea what they did wrong and how big of an issue it is going to be? Any guesses when and at what price this stock will reopen? I had what used to be 15+% of my portfolio stuck in this, so I'm not enjoying this one bit.
What is even worse is that my father-in-law "finally" followed through on two of my stock picks and bought...CESV and ABRX! What are the odds? He will never take my advise again.
HomerRomer
I figured there would be more class actions to come. Everybody & their Dutch Uncle is going to be filing them.
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against China Energy Savings Technology, Inc. -- CESV
Monday May 1, 3:01 pm ET
HARTFORD, Conn., May 1, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired the publicly traded securities of China Energy Savings Technology, Inc.(``China Energy'' or the ``Company'') (NasdaqNM:CESV - News) between April 21, 2005 and February 15, 2006, inclusive, (the ``Class Period'').
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The Complaint alleges that defendants violated federal securities laws by issuing a series of materially false statements. Specifically, the Defendants failed to disclose: (i) that the Company's private placement offering in January 2006 was fraught with self dealing; and, (ii) certain information involving the circumstances of underlying transactions related to the rescission of certain Rule 144a legal opinions.
On January 17, 2006, China Energy announced an underwriting agreement to raise $50 million through a private placement of Company stock. On the same day, the resignation of its Chairman and CEO was announced. The Company immediately appointed Kwun Luen Siu Chairman and CEO. On January 20, 2006, China Energy filed two registration statements indicating that the Company could offer up to ten million shares of its common stock. On February 9, 2006, China Energy announced that it was delaying the filing of its Form 10-Q for the quarter ended December 31, 2005, due to the recent change in management. On February 14, 2006, the Company filed its delayed Form 10-Q, which revealed that the Company and its independent auditors were the subject of an informal SEC inquiry. On February 15, 2006, NASDAQ halted trading of China Energy.
If you are a member of the class, you may, no later than June 30, 2006, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s).
While Schatz & Nobel has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, class action cases in general, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at sn06106@aol.com, or visit our website: http://www.snlaw.net
Contact:
Schatz & Nobel, P.C.
Wayne T. Boulton or Nancy A. Kulesa
(800) 797-5499
www.snlaw.net
sn06106@aol.com
Labaton Sucharow & Rudoff LLP Files Class Action Lawsuit Against China Energy Savings Technology Inc. -- CESV
Monday May 1, 2:00 pm ET
NEW YORK, May 1, 2006 (PRIMEZONE) -- Labaton Sucharow & Rudoff LLP filed a class action lawsuit on May 1, 2006 in the United States District Court for the Southern District of New York, on behalf of persons who purchased or otherwise acquired publicly traded securities of China Energy Savings Technology, Inc. (``China Energy'' or the ``Company'') (NasdaqNM:CESV - News) between April 21, 2005 and February 15, 2006, inclusive, (the ``Class Period''). The lawsuit was filed against China Energy, Kwun-Luen Siu, Lawrence Lok, Yuen-Ming and Sun Li (``Defendants'').
If you are a member of this class you can view a copy of the complaint and join this class action online at http://www.labaton.com/get/?case=ChinaEnergy.
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The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, the complaint alleges that Defendants failed to disclose: (1) that the Company's private placement offering in January 2006 was fraught with self dealing; and, (2) certain information involving the facts and circumstances about certain underlying transactions related to the rescission of certain Rule 144a legal opinions by the Company's prior securities counsel who resigned in February 2006.
On January 17, 2006, the Company announced an underwriting agreement to raise $50 million through a private placement of Company stock. The very same day, China Energy announced that Mr. Sun Li resigned as Chairman and CEO of the Company. Upon his resignation, the Company immediately appointed Kwun Luen Siu Chairman of the Board and CEO. On January 20, 2006, China Energy filed two registration statements indicating that the Company could offer up to ten million shares of its common stock and in addition the Company also indicated that selling stockholders could sell up to 6.05 million shares. Shortly thereafter, on February 9, 2006, China Energy announced that it was delaying the filing of its SEC Form 10-Q for the quarter ended December 31, 2005, due to the recent change in management. On February 14, 2006, the Company filed its delayed Form 10-Q, which revealed that the Company and its independent auditors were the subject of an informal SEC inquiry. On February 15, 2006, NASDAQ announced that trading was halted in China Energy. The shares of the Company have been halted by NASDAQ ever since.
Plaintiffs are represented by the law firm of Labaton Sucharow & Rudoff LLP. Labaton Sucharow is one of the country's premier national law firms that represent individual and institutional investors in class action, complex securities and corporate governance litigation. The firm has been a champion of investor rights for over 40 years and has been recognized for its reputation for excellence by the courts.
If you bought China Energy securities between April 21, 2005 and February 15, 2006, inclusive, you may qualify to serve as Lead Plaintiff. Lead Plaintiff papers must be filed with the court no later than sixty days from today. If you would like to consider serving as lead plaintiff or have any questions about the lawsuit, please contact one of our representatives or Christopher Keller, Esq. at 800-321-0476.
More information on this and other class actions can be found on the Class Action Newsline at http://www.primezone.com/ca.
Contact:
Labaton Sucharow & Rudoff LLP
(800) 321-0476
China Energy Tech Target of Purported Class-Action Suit
It's just a headline right now.
Well CESV has been halted for 2 months. Supposedly they're cooperating with the SEC...we'll see what happens.
When are we going to hear something about what's going on?
China Energy Savings Announces Reasons of Trading Halt
Wednesday March 22, 8:30 am ET
HONG KONG, March 22 /Xinhua-PRNewswire/ -- As previously announced by Nasdaq, trading in shares of China Energy Savings Technology, Inc.'s (Nasdaq: CESV - News) common stock was halted on February 15, 2006, and would remain halted until the Company had satisfied Nasdaq's request for additional information. At Nasdaq's request, China Energy Savings Technology is providing this update as to the status of Nasdaq's inquiry. Nasdaq's request for information involves the facts and circumstances regarding the underlying transactions related to the rescission of certain Rule 144 legal opinions by the Company's prior securities counsel who resigned in February 2006, as well as certain other matters related to the company's issuance of securities. The Company has retained new securities counsel and is cooperating with Nasdaq in an effort to resolve any questions or issues raised by Nasdaq in order to resume trading as soon as possible.
A few minutes ago the vol said 600. Now it's back to 300.
Yeah it should be
My streamer is showing 300 shs traded @ 6.82????? Obviously that didn't happen - it's still halted, right?
I'm sure it's due to my buying back in the day before trading was stopped. LOL.
Anyone know what is going on with this trading halt? eom
This was my big risk with CESV and now it looks like it will happen. As supply becomes more available, electricity prices will come down in China and CESV will make less money.
http://www.economist.com/displaystory.cfm?story_id=5509240
Yeah...I'm sure we've all read those posts about 10 times.
Beigledog, this is a long time coming....
There are a couple of really dubious transactions in the company's past.
http://www.investorshub.com/boards/read_msg.asp?Message_id=8261174&txt2find=cesv
Here's the follow-up...
News for 'CESV' - (DJ China Energy Savings Tech Faces Informal SEC Inquiry)
WASHINGTON (Dow Jones)--China Energy Savings Technology Inc. (CESV) disclosed Tuesday that the Securities and Exchange Commission is conducting an informal and nonpublic inquiry into the company.
In its quarterly report filed with the SEC, China Energy didn't disclose the subject of the inquiry. The company said it was told of the inquiry Feb. 9. The SEC asked China Energy and its auditors to furnish certain documents, according to the filing.
China Energy said it intends to fully cooperate with the inquiries and supply all available materials requested.
The Hong Kong-based company makes and sells energy-saving products in China through its 100% ownership of Starway Management Ltd.
-By Antonie Boessenkool, Dow Jones Newswires; 202-862-7139; antonie.boessenkool@dowjones.com
(END) Dow Jones Newswires
CESV: These sons of beaches! If I was the SEC, I'd be looking at them, too. God, I hate this stock - can you tell?
Watch out below!!
News for 'CESV' - (*DJ China Energy Savings Tech Faces Informal SEC Inquiry)
I really don't get why anybody would be buying at this point!! There is a lot more selling from New Solomon coming.
DJ New Solomon Sells 1.3M Shrs Of China Energy Savings Tech
WASHINGTON (Dow Jones)--China Energy Savings Technology Inc. (CESV) said Tuesday that New Solomon Consultants Ltd. sold 1.3 million common shares of the company on Friday.
According to a filing with the Securities and Exchange Commission, the shares were sold on Nasdaq at an average price of $8.912 each.
After the sale, New Solomon owned 11,505,134 shares, or a 45.3% stake, in the company, the filing said.
Shares of China Energy Savings Technology closed Tuesday at $7.54 each.
The recent sale, made for investment purposes according to Tuesday's SEC filing, follows the sale of 1 million shares of China Energy Savings Technology on Jan. 27 for $5.75 each and the sale of 2.2 million shares on Jan. 3 for $8 each.
China Energy Savings Technology, through its subsidiary, Starway Management Ltd., engages in the development, manufacture, sale and distribution of energy-saving products for use in commercial and industrial settings in China.
CESV with a downgrade today:
http://www.amtdrt.inlumen.com/bin/story?StoryId=Cq:Bx0bKbmdm3yJuZmdq
You absolutely made the right call. I didn't agree with it at the time because of the unknown as to why it was moving. But in the end, you were right. Hope you followed your own advice.
I managed to unload 60% of my position at 9.45 today so I'm pretty happy about that. The other 40% is at a higher cost basis so who knows when I'll get rid of that part - hopefully before retirement - LOL.
My JADE (another China stock) made a phenominal run yesterday on huge vol. Today the vol is twice as much and it gave back all the gains from yesterday. Another example of how the shorts love the China arena.
Did I call that one or what!! Down 2 bucks from when I said to short it!
Yes - and it can't hold on to a gain.
Matrix downgraded CESV to buy from strong buy.
Nope...it's up 3.78...RIDICULOUS!
Anybody have a clue here? Traded over 11.00 a few minutes ago.
Am I seeing this right? Up +3.20 at 8:15 AM?????
The only thing out there is that Solomon sold a million shares...hardly reason for the stock to go up 2 bucks!!
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