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Entering again $8.42 $DXF
10k shares STRONG!!
Bye bye NAKED SHORTS!!
$DXF
Haha!! LOVE WATCHING SHORTS FRY!!!
Sounds like a plan!
$DXF going to go SUPERSONIC and have many HALT UPS trapping these DIRTY NAKED SHORTS!
🚀🚀🚀
Make them cover at $50:)
LOVE IT $DXF
Unreal I got to load another 3,000 shares below $8.21!!
MOASS MOTHER OF ALL SHORT SQUEEZES about to happen here !
$DXF
NAKED SHORT—- MAJOR
FAILURE TO DELIVERS- MILLIONS SHARES 2.7 MILLION
SHARES TO SHORT - ZIPPO
FLOAT 233,000 shares HAHA OWNED by COURAGEOUS LONGS in my OPINION!
$20 going once $30 going BWAHHH
FRY NAKED SHORTS IN BURNING BACON GREASE LOL!
$DXF going to HALT UP and continue making those NAKED SHORTS PAY FOR MESSING WITH $DXF!
Also , so amazing they thought they could “sale their long position in pre market and short single digit shares to SCARE FOLKS into selling …
BWAHHH!!
$DXF RIP YOUR FACE OFF SHORTS RELLY COMMENCES at market open!!
Look for yourself on FINTEL!
$DXF
💯🚀
4,200 STRONG MOASS $DXF
Solid close, BULL FLAG AND MAJOR BREAKOUT!
Bye bye shorts!!!
Oh wow!! LOOKS LIKE NAKED SHORTS in BIG TROUBLE here with $DXF!!
233,000 share float and look at volume today, coupled with causation of NAKED SHORTS trying to short this nano float to zip..
Time for MASSIVE NAKED SHORTS FRY !!
My opinion!
Kaboom 💥
The shorts are in deep doo doo here!
FLOAT IS OWNED!!
Just 1,200 shares @ $7.
I want $40-$50 a share
$DXF
From twit:
$DXF Just because something spikes doesn’t mean it can easily make money for shorts! This ONLY has a total 233,000 outstanding shares and there are multiple buyers that hold large amounts. Previous spikes were all fueled by Failed to Deliver naked shorting between 40,000-60,000 shares per day with price continuing a multi-day runs close to $50/share
$DXF BEASTING!!
$DXF: Actually boosted back up today..... now $9
Was sitting at $6 for the longest time and finally woke up.
GO $DXF
YEA
all aboard? lets go
daddy aint selling this one early you can bet that
$DXF come here gurl
need a dollar and a new corvette
this company is due for a bailout!
im loading the BOOOOOOOOAT
HMMM
BEIJING/HONG KONG, May 17 (Reuters) - China announced "historic" steps on Friday to stabilize its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy "some" apartments.
China unveils 'historic' steps to stabilise crisis-hit property sector
EIJING/HONG KONG, May 17 (Reuters) - China announced "historic" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy "some" apartments.
Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for new and old apartments, to slow down falling prices and to reduce a growing stock of unsold homes.
Analysts have long called for the government to step in with its own purchases to prop up a sector which at its peak accounted for a fifth of GDP and remains a major drag on the world's second-biggest economy.
Since the property market began its steep downturn in 2021, a string of developers have defaulted, leaving scores of idle construction sites behind, and sapping confidence in what had for decades been the preferred savings instrument for the Chinese population.
China Real Estate Newspaper, a publication managed by the housing ministry, said the "heavyweight policies" marked "a significant historic moment" for the sector.
China's CSI 300 Real Estate index of shares (.CSI000952), opens new tab jumped 9.1% on the announcements.
"It's a bold step," said Raymond Yeung, chief Greater China economist at ANZ of the measures.
"The biggest problem is whether the government purchase programme will induce private sector demand. Clearing inventory will increase cashflow to developers and help their financial stability, but it does not address private sector confidence."
After waves of support measures over the past two years failed to put a floor under the property sector, China's housing ministry said local governments can instruct state-owned firms to buy "some" homes at "reasonable" prices.
Municipal financing vehicles, blamed for what Beijing calls "hidden debt," won't be allowed to buy.
The homes would be used to provide affordable housing, Vice Premier He Lifeng said, without giving a timeline or a target for the purchases.
He also said local governments, already some $9 trillion in debt, can repurchase land sold to developers, and promised that authorities will "fight hard" to complete stalled projects.
LARGE INVENTORY
China's central bank said it would set up a relending facility for affordable housing that it says would result in 500 billion yuan worth of bank financing. It would also further lower mortgage interest rates and downpayment requirements.
Additionally, it would make another 500 billion yuan available in its pledged supplementary lending facility to support policies including the redevelopment of some urban areas with older dwellings.
Officials did not provide an estimate of the total cost of state-directed housing purchases.
Item 1 of 2 A view of unfinished residential buildings developed by China Evergrande Group in the outskirts of Shijiazhuang, Hebei province, China February 1, 2024. REUTERS/Tingshu Wang/File Photo
[1/2]A view of unfinished residential buildings developed by China Evergrande Group in the outskirts of Shijiazhuang, Hebei province, China February 1, 2024. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights, opens new tab
Goldman Sachs estimates saleable housing inventory at 13.5 trillion yuan at the end of 2023.
There were 391 million square metres (4.2 billion square feet) of new housing for sale in January-April, up 24% year-on-year, the latest official data show.
Analysts at Tianfeng Securities estimate it will cost around $1 trillion to buy the entire stock.
"The policies on clearing inventory are considered quite powerful compared to all previous ones," said a senior executive at a defaulted Shanghai-based developer, speaking on condition of anonymity due to the sensitive nature of the topic.
"Psychologically, it'd let investors think the government is 'paying the bill', and it is shifting the risks from property to banks and local governments."
Since the property market soured in 2021, China has lowered interest rates and down payments, while most cities have eased or removed prior purchase restrictions.
A whitelist developer funding programme for project completion is also struggling to get traction.
And a campaign flagged by Chinese authorities at a key political meeting last month to encourage people to replace their old apartments with new ones is off to a poor start.
Longer-term questions about housing demand persist in a country facing a severe demographic downturn and where 96% of households already own at least one home.
POOR DATA
The stock market's upbeat market reaction to the new measures contrasted with the harsh reality on the ground, highlighted by poor housing data earlier on Friday and a Hong Kong court hearing of a petition seeking the liquidation of embattled developer Country Garden (2007.HK), opens new tab.
The hearing was adjourned for June 11. Another major developer, China Evergrande Group (3333.HK), opens new tab, was ordered to be liquidated in January.
New home prices fell for a 10th consecutive month in April, by 0.6% month-on-month, the fastest decline since November 2014. Separate data showed property investment in the first four months of 2024 falling 9.8% from a year earlier.
Property sales by floor area in January-April logged a 20.2% slide year-on-year, while new construction starts fell 24.6%. Funds raised by developers were also down 24.9% year-on-year.
"Record high housing inventory and liquidity pressure on developers threaten financial stability ... and the still frail economic recovery," said Rocky Fan, economist at Guolian Securities.
"The policies seem to be designed to prevent further fallout of the property crisis, but it will take time to reverse the downward trend."
($1 = 7.2235 Chinese yuan renminbi)
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Reporting by Liangping Gao, Ella Cao and Ryan Woo in Beijing and Clare Jim in Hong Kong; Writing by Marius Zaharia Editing by Shri Navaratnam and Susan Fenton
uhhhh i am so mad i shoulda bought more!!!!!!!!!!!!!!!! FAAAAAAKk
$DXF need new blue lambo money. lfg!
$DXF GO BABY GOOO
nice AH movement.
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