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agree with you. I am holding actually bought some today
I am sure the numbers will be very good. Why anyone is selling now makes no sense. I am thinking this is true manipulation.
I agree and have been looking forward to it. The timing may be good. I say that because on a technical basis I see the major markets reaching an oversold state. They are due to pop upwards
Would be good to see excellent WATG financials at a time when the markets are rebounding
10k due at the first of the week. will be very good.
good day today considering the stocks recent gains and horrible market conditions.... awaiting financials
starting to move here cant wait for financials they should be good for the stock
Agree, WATG has been held back too long. Just need to have another good market day.
Looking good here. Its way undervalued just read the Q and k's and see for yourselves. I will be holding the shares I bought yesterday geeze just about a year ago this was around 13.00 and looked good to go to 20.00. Its under 3.00. All I can say is thanks! Dont get alot of opportunities like this. charts oversold bigtime
IMO of course
Up 11.54% @ 2.32 Should break the 50ma and get to 3.50 range this week.
Market looks ready to rally. Mabe that will ignite WATG
http://money.cnn.com/data/markets/
Wonder Auto Technology Announces Development Agreements with Shenzhen BYDLast update: 12/29/2008 8:30:00 AMJINZHOU CITY, China, Dec 29, 2008 /PRNewswire-Asia-FirstCall via COMTEX/ -- Wonder Auto Technology, Inc. (WATG) ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced that one of its subsidiaries, Jinzhou Halla Electrical Equipment Co., Ltd ("Jinzhou Halla"), has entered into development agreements with Shenzhen BYD Auto Company Limited ("Shenzhen BYD"). According to the development agreements, Jinzhou Halla will sign and develop starter and alternator prototypes for Shenzhen BYD, and sample deliveries will commence in March 2009 for road testing. Shenzhen BYD is a sub-company affiliated to BYD Company Limited ("BYD"), a public company listed in Hong Kong stock exchange, and a leading car manufacturer in China. BYD's auto products include high-end, medium-end, and low-end cars and new energy vehicles such as Dual-Mode (a solely electric vehicle system and a hybrid power system) and pure electric cars. "We believe BYD will play an important role in the future development of the automotive industry in China, especially in new alternative energy vehicles," Mr. Qingjie Zhao, chairman and CEO of Wonder Auto Technology, Inc. stated, "We are confident we will expand our customer base with such famous brand names as BYD even under the current recession, which will help maintain our sales growth momentum in the coming years."
"Interview with CEO 27-Jan-09 05:38 pm
If you read Chinese, this is a link to a recent interview with CEO Mr. Zhao, You can get a general sentiment from management about the market in China. He sounds optimistic, his punch line can be roughly translated as "We are not even close to having a difficult time", predicting 30% growth for 2008 and 40% for 2009."
http://auto.gasgoo.com/News/2008/12/1007...
I ahve seen this before with this stock. What followed was an explosion North. Hope for the same this time
Very strange trading today, something is about to happen IMO.
I am starting to buy now. Its a gift unless something unknown is wrong. I will take that chance!
Yes way over sold 100%. Going to pop soon.
wow this is looking oversold. Will go check out the latest filings
I guess I was right
The pop might be telling us something :)
Nice lil pop. This one has been clobbered by the ailing auto industry and the market overall.
Wonder Auto Technology to Announce Third Quarter 2008 Financial Results on November 4th
Nice day here finally. This one likes to follow the overall market mood and usually trades very nicely
we have ourselves a golden cross
looking for a break into the nines tomorrow. Just crossed the 50 and 200dma RSI still has room to breathe
Wonder Auto Technology Announces Equity Incentive Plan
Tuesday May 6, 10:42 am ET
-- To Incentivize Key Employees to Target Annual 40% Growth For Next Three Years --
-- Option Strike Price Set at $9.00 Per Share --
JINZHOU CITY, Liaoning, China, May 6 /Xinhua-PRNewswire-FirstCall/ -- Wonder Auto Technology, Inc. (Nasdaq: WATG - News; "Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical and suspension parts in China, today announced that the board of directors of the Company has adopted the 2008 Equity Incentive Plan (the ''Plan'').
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As part of the Plan, the Company's compensation committee has approved the grant of 542,000 stock options to certain of its key employees and directors which will vest over the next 3 years upon achievement of targeted annual pro forma net income of US$22 million for 2008, US$30.8 million for 2009 and US$43.15 million for 2010. One-third of the options will vest each year upon achievement of the respective targeted pro forma net income. As approved by the compensation committee, the targeted pro forma net income equals the after-tax net income as reported in the Company's Annual Report on Form 10-K plus two non-cash expenses, including the stock option expenses resulting from any grant of Award under the 2008 Plan and redemption accretion on convertible notes (if any). The options have an exercise price of US$9.00 per share and will terminate 15 months after the respective vesting date. Approximately 65 Wonder Auto personnel will receive these options with 42.8% of the options allocated for senior management and directors. The remaining options are allocated to a broad range of Wonder Auto's staff.
Subject to the approval by the Company's stockholders at any time within 12 months of this adoption, the Plan authorizes issuance of up to 3.5 million shares and has a term of 10 years unless it is terminated sooner by the board of directors of the Company.
Mr. Qinjie Zhao, Chief Executive Officer of Wonder Auto, commented, ''This incentive plan will inject great enthusiasm into the management team and key employees throughout the Wonder Auto organization to reach our goal of growing pro forma net income by 40% for another 3 consecutive years from 2008 to 2010.''
About Wonder Auto
Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts and suspension products. Wonder Auto was ranked second in sales revenue in the China market for automotive alternator and starter in 2006. With respective 5 different series and over 150 models of alternators, 70 models of starters and various suspension related parts, the Company supplies to a wide range of automakers, engine producers and auto parts suppliers both in domestic China and overseas. Wonder Auto's main customers include Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd., Harbin Dongan Automotive Engine Manufacturing Co., Ltd., and Tianjin FAW Xiali Automotive Co., Ltd. For more information, please log on to http://www.watg.cn .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, those concerning our goal for net income growth as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
For further information, please contact:
Yuechun Xie
Investor Relations Manager
Wonder Auto Technology, Inc.
Tel: +86-416-266-1186
Email: ycxie@watg.cn
Kevin Theiss
Investor Relations
The Global Consulting Group
Tel: +1-646-284-9409
Email: ktheiss@hfgcg.com
This is trading much better now . It needed to badly and needs to contimue. Now I wonder if this is the start of a bull run on this stock
You have a good point. If you look at the insider sells. There has been quite a few more sells then buys.
I read the 10k last night. I suggest to read the section where it lists all their potential pitfalls. They appear to have a possible , only possible trademark problems. If insiders were to know that was coming to fruition that would explain the trading. I wont tolerate much more decline with my position here it doesnt make sense unless something is wrong
Will be watching closely and hoping this moves up now!
I agree with you on that. This company looks like it has a ton of potential. Its scary how it trades. In a downward trend that keeps on going.
trading here doesnt make sense wonder if somebody knows something bad. will watch close over next couple of sessions
will be adding more at this level
3714798874 Buy 480 WATG Limit at 6.85, DAY Filled 480 at 6.85 Auto Routing 2008-03-17 13:17:47
RSI still very low at 36 markets recovering, this one is heading further up tomorrow
My guess the overall markets are effecting this one.
This stock looks interesting. Any ideas why its dropping so hard? Thanks..
I figure this to be near a $20.00 stock by years end. The market is brutal right now that could be why it isnt moving stronger. eventually it will move again its come a long way in a short time
I agree it was a good buy today this stock should be about as low as it will go
Back in with a ton of shares $$$$$.
I suspect very good earnings next week.
Plus $9.90's is a good entry price.
WATG is a great $$$$$ opportunity.
2008 is suppose to bring in over 20m in net income. If they meet this guidance we are looking at a $15.00 to $20.00 stock this year with room to grow.
Good time to buy WATG again....spending all my time on the COPI board...check out the moves and upside potential of COPI.
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