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It's over $9 now. This thing is in full Harami Bullish Reversal.
How did this company go from trading at .60 plus cents to trading over $11 dollars?
$9.35 weeeeeee I wonder where all the short warriors are hiding with their pathetic manipulation rants
so clueless
another warrior bites the dust
hello $7's
GOING SHORT
http://profit.ly/guru/timothysykes?aff=1775
looks like Aaron lost his money
HGSH shorts are so clueless it's scary
see you at $10
looks like blowout earnings were what on Earth was going on with HGSH while you kept ranting about manipulators
one of the best longs in quite awhile and still is
Short this stock with all you got!!
Check out Aaron's Picks
for more stock picks
One of the chief manipulators of HGSH, Huakang "David" Zhou is being sued by the SEC.
This http://www.sec.gov/litigation/complaints/2012/comp-pr2012-262.pdf goes into some of the details of how HGSH has been manipulated by Mr Zhou to remain on the NASDAQ.
Gonna hit 6.00 this week. 10.00 not far away
I told you a month ago not to short it
Congratulations HGSH manipulators and redchip you sick sons of bitches
LMFAO if that's what you think happened then go ahead and believe. Uptrend? more like pump and dump.
suuuuuuuuure you haven't that's why you were posting here..face it shorty got toasted and roasted
never short low float stocks in an uptrend
Waiting for the pump to subside, haven't shorted this illiquid garbage in weeks. But it's looking real good for a re short soon. Stocks with fundamentals this poor just don't run for no reason like this. Can't wait for the dump. I love 40-50 percent profits in one day:)
how much money are you not losing today? the Kool-Aid tastes delicious!
LOLOLOL who said I lost money on this garbage? It's TOO easy shorting koolaide approved stocks like this.
go get 'em you and the shorting gang can add to your bags
thx again $$
Already have:)
okay..go short more
shameful pump and dump. In a week your alias will never be seen on this board again. Same BS on ihub, that's why shorting is so effective!
okay captain you do that
I first started buying HGSH around $1 so yes I have had a glance or two
You base your research off seeking alpha articles? LMFAO. Have you even glanced at this company's filing? This company should be trading less then 40 cents just based off fundamentals. Love the koolaide drinkers on ihub. No wonder 90 percent of day traders lose money. I will check back in a week to see how hard this thing tanks.
nice well I'm a trader so here's to hoping they get this rubbish company back down to the low $2's so I can reload again!
are you an insider in the company? if you're 100% sure that this move is all about manipulation and they aren't being taken private then short more
Yep, a loss of around $700, that's ok I can handle it. I am still convinced more than ever that HGSH is a rubbish company that was manipulated upwards. This is HGSH's 10th day above $1/share now, so they can stay listed on the NASDAQ if it drops down now.
still short? ouch!
go write another SA piece lol
I am very confident HGSH has just been manipulated above $1/share so they could remain on the NASDAQ exchange, nothing more to it than that.
HGSH was a client of redchip, in their reports on HGSH they have this interesting disclaimer:
"Additionally, HGSH agreed to pay RedChip Companies, Inc., 35,000 shares
of common stock under Rule 144 when the stock trades within 3% of $2.25, with an average
daily trading volume of 17,500, for 10 consecutive trading days; 45,000 shares when the stock
trades within 3% of $2.75, with an average daily trading volume of 22,500, for 10 consecutive
trading days; and 60,000 shares when the stock trades within 3% of $3.00, with an average
daily trading volume of 27,500, for 10 consecutive trading days. RedChip Companies, Inc.,
employees and affiliates may maintain positions and buy and sell the securities or options of
the issuers mentioned herein."
I hope they get it down to the $1.80's again so I can buy a ton more
a big underlying bidder is in this stock...why I have no idea but I'm just a trader
you can't see the underlying bid in this?
RSI way oversold. I'm buying some now
Cnbc tv top gainers #1: HGSH
Mabey they're be some others that think is a good short too!
Promise I won't buy this again at these ranges of price. I'm out as of now and have free shares here. Only 500 of them and if it goes below 1.80 ish ill sell them.
Trading it is another story. I too watched level 2 get weak on Friday as if traders left early. We will see what happens at the open.
All I'm saying is a lot of money came into this stock like you said on no news. And you don't know how much more they have. So be careful shorting it. We all know the Chinese have more cash than us. Who is to say they don't want to value it at 10 a share. Be careful and good luck with your short position. Ill be watching closely!
1. Every trade that takes place is a buy and a sell. If someone brought X shares, then someone just sold X shares. To say there is more buying than selling makes no sense.
2-3. HGSH faded late Friday on relatively low volume, finishing down ~17% on the day after having an insane runup, and you consider that a "safe to buy" indicator? To say "the downside is limited" is laughable being that this stock is still up over 400% in 3 days on no news.
4. People thinking that the asian property markets have bottomed is not a strong enough catalyst for HGSH to suddenly explode upwards and have a huge surge of volume on no news. "Undervalued" stocks do not have horrible charts where the price gradually declines over the months after being hyped up by stock touts, then fly upwards all of a sudden on no news.
5. As I detailed in my post http://stockballer.com/what-on-earth-is-going-on-with-hgsh : HGSH was previously hyped up by sleazy stock promotion newsletters, has unaudited financial reports, numerous similarities to Chinese real estate stocks that were manipulated and exposed in the past, and now has all this activity out of nowhere. I won't label it an outright fraud yet but it is EXTREMELY suspicious to say the least.
I am only trying to stop gullible people from losing their retirement savings on stocks like this. It is horrible and I see it too often. If you want to buy and hold HGSH then go ahead, just don't say I didn't warn you :P
Hey stockballer,
You can do as you wish but I thought I would point a few this out to yo first, not as if I can persuade you from changing your mind. Seems its already made up.
1. If you look at the 5 day chart of HGSH, you will see that the volume by price shows that a lot of new money came in with the most volume recently being focused in the high 2.75-3.00 range. Matter of fact, most of the volume is all new money and very few sells. That tells me that he recent run up in price, there were very few that have decided to sell. So unless that changes, that's a positive for the stock.
2. The RSI is no longer overbought when you look at a hourly chart. That's another positive for the stock. Very healthy pull back after a +200% run up in pps.
3. Fast stochastics are now trading in the oversold department indicating to me that it is now safe to buy the stock because the downside is limited and it is most certainly going to bounce in the short term. As a trader, not an investor, now is the time to buy!
4. The Asian markets are a mess. IMO way undervalued. This is certainly a real company and as everyone is aware the markets over there are not as transparent as ours. This I believe is the most important one because its the wild card. See over here, the game is rigged. The more money you have the better chance you have of getting info before the general public does. Everywhere has insider trading but but in the US it's out of control. At least in china people are scared chitless to commit a crime. IMO there safer securities to own. Someone or or several people believe that this undervalued. To step in front of this with a short would be insane in my opinion. Some think the Asian markets have bottomed and are now growing at a more sustainable rate. Property values over there have seemed to bottom and are now rising again in a more sustainable rate. That could be another reason why we see recent action in the stock. You have to admit with there financials that they made public, there is no reason why this isn't trading higher than .30 right! That's right, IYHO this is a fake company right! Fake financials right? Fake management right?
5. Mostly all Asian stocks that trade on the US exchanges are beaten up! Yes some are frauds but some are legit! Until you or someone can prove this is a fraud, with real proof, you should stop the accusations and lets make some money!
GLTA
Stickballer Mabey you have no idea what is going on with the company and your taking a risk shorting the company. Just like the longs are buying the stock. But your opinion is welcomed.
Some HGSH research http://stockballer.com/what-on-earth-is-going-on-with-hgsh
$HGSH PUMP & DUMP
EARNING
Key stats and ratios
Q2 (Jun '12) 2011
Net profit margin 29.08% 35.10%
Operating margin 30.71% 37.17%
EBITD margin - 37.32%
Return on average assets 4.63% 21.10%
Return on average equity 7.31% 31.78%
HGSH is a pump and dump. Shame on those running around touting it.
http://stockcharts.com/h-sc/ui?s=hgsh
MiamiGent
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