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Just sold CHBU at $3, sweet Christmas gift
Just sold CHBU at $3, sweet Christmas gift
CEU, I have read what you pointed out. But if allex data can be manipulated, why Chinarank data can not be manipulated. CEU, basicaly a local company operating mainly in one city-Harbin, it is not surprisiing that both Chinarank and allex did not rank it properly. Kerrisdale is logically Wrong by using unreliable (as they claimed) ranking data to appove CEU is a fraud.
More proof on Kerrisdale cheating on CEU:
The empty school address Kerrisdale is using is from the 2006 10ksb filling, which might be out of date. Considering fast growth nature in China in the past a few years, It would not surprise me if CEU has developed training facilities in other newly developed locations.
But I have to admit that CEU does not have good Investor's relationship service, just like many other Chinese companies.
Yes, Kerrisdale wrong on CEU's ranking:
http://www.alexa.com/siteinfo/edu-chn.com#
One approval Kerrisdale cheating on CEU:
http://www.alexa.com/search?q=http%3A%2F%2Fwww.edu-chn.com%2F&r=site_siteinfo&p=bigtop
http://www.alexa.com/search?q=www.chinaedu.net&r=site_screener&p=bigtop
As you can see, CEU's alexa ranking is 1818 in China, compared to 4623 for CEDU, one of CEU's competitors Kerrisdale claimed much more popular.
RINO' CEO sounds indeed making misleading statements:
http://biz.yahoo.com/e/101119/rino8-k.html
Congratulation on NZYM:
I got 20,000 at $0.95. The biggest winner of mine today is wtn, jumping 45%, and I have 19,000 shares which I paid $0.6-1 each. Another great 10+ bags.
Interesting information on ONP from yahoo message board:
"One further comment: What I don't like is that it appears the factory questioned by MW is the one that has been destroyed.
Would be more comfortable with a long position if this were a mistake, it was some other plant MW viewed."
Interesting information on ONP from yahoo message board:
"One further comment: What I don't like is that it appears the factory questioned by MW is the one that has been destroyed.
Would be more comfortable with a long position if this were a mistake, it was some other plant MW viewed."
I became a daytrader of ONP yesterday:
bought in the morning and sold in the afternoon, on the concern of delaying release of independent investigation report. Why delay for so long if everything was found fine? Either problem does exist or the auditing firm wants the excuse to charge more money.
I became a daytrader of ONP:
bought in the morning and sold in the afternoon yesterday, on the concern of delaying release of independent investigation report. Why delay for so long if everything was found fine? Either problem does exist or the auditing firm wants the excuse to charge more money.
The dark side of ONP's independent investigation:
Why took so long?
I guess that the auditing firm and the people involved may want the excuse to charge more money. ONP should learn from UTA, just ignoring shorters' non-sense articles. Those recommending the independent investigation to ONP should be fired!
ONP is hurt due to this stupid but costly independent investigation fating the auditting firm.
ONP disappoiting result: sold all at $6.74
Heli earning pr out to rise sharply very likely today:
with p/e under 2, decent balance sheet and high growth
http://www.businesswire.com/news/home/20101112005244/en/Heli-Electronics-Corp.-Releases-Quarter-2010-Financial
BFAR was traded at $4.04, up over 5% in pre-market: possibly due to the recent press releases. The company's new CFO has better US accounting experience.
I share with you the joy on UTA and others. At the mean time, we need no convince KIK our way, as I am sure that KIK has already made more than enough money in his way and there are many ways to profit in any business.
Great summary on ZSTN's shorters' liar. But I have to thank them to give me opportunites to buy great growth company at fire sale price. It is really very sweet to have another great year after the record profit year last year. What a day today!!!
ZSTN: $8 may come back as soon as today or tomorrow morning!
You're right on ZSTN. The important is that I indeed added significant number of ZSTN shares at the price I loved shortly after the CC began.
ZSTN clarified during the cc:
The annual projection is the right one, ie, it is projected that the company will earn $6.4-7.4 earning or about $0.55-0.65 per share in the 4th quarter.
My only regret on ZSTN: my bidding price was too low to get filled. Regarding to the self claimed new hedge fund manager with among the poorest performance record on the tiny assets under management ($5 million a year ago, possibly drop to $2.5 million now), Mr. Axler's article included misleading or false information 100%. Seeking Alpha should feel shamed to allow such false article to publish under its name.
My concern with CHNC was too much dilution(about 300-400% in the past year). Actually, the company has filed S1 indicating to issue 4-5 million more new shares.
My arbitragy on ONB/MROE works well so far. Thanks, Researcher
Good points on ONB/MROE. However,
1) exchange ratio adjustment occur only when the aggregate delinquent loans as of the 10th day preceding the closing date are $59.72 million or greater. This is unlikely event as MROE's delinquent loans as of June 30, 2010 were merely $37.88 million;
2) Arbitragy (shorting ONB and buying MROE at the same time) may take care of the second concern of yours.
Excellent arbitragy opportunity from ONB/MROE deal:
Press release this morning: ONB to buy MROE at about $13 (each MROE share gets 1.275 ONB shares. MROE is still traded at $11.22.
http://finance.yahoo.com/news/Old-National-Bancorp-to-pz-135798685.html?x=0&.v=1
Great CC from UTA, Here is the reasons:
1) Did not fall into the short seller-John Hempton's non-ending trap: yes, his questions are mostly silly, showing either his ignorance on Chinese travelling business or his bad intention.
2)open remark from the ceo gave enough confidence about the company;
3)Q&A session was well prepared with details information
Great CC from UTA, Here is the reasons:
1) Did not fall into the short seller-John Hempton's non-ending trap: yes, his questions are mostly silly, showing either his ignorance on Chinese travelling business or his bad intention.
2)open remark from the ceo gives enough confidence about the company;
3)Q&A session is well prepared with details information
Wadegarret, There are many ways to do business in this world. Why should UTA follow others in every little aspect? UTA's main office is in Shenzhen, if you were in Beijing, why not just ask them to mail the ticket to you? UTA is a company serving in China, why do they have to hire english speaking agents? I do not want to waste more time in the trap of short sellers as there are always tons of questions for any business (ex. how many lawsuits on microsoft?) All I can say is I have confirmed everything I want to confirm from UTA, and I am happy with the price I bought and will keep them for over $10.
Here is the email from UTA which gave better answer:
To: xxxxxxx@hotmail.com
From: 06@cnutg.cn
Date: Wed, 15 Sep 2010 16:58:27 +0000
Hi xxxx,
All air ticket right now is e-ticket, so you can get your boarding pass in any airport in China with just your ID.
And we only have airport counter in Shenzhen for cost saving, and for all other cities who request the physical ticket, we also have mailing option.
And we have less people working night shift, so maybe when you call now, the service quality is not as good as day time. For your information, tonight the call center is very busy because of the article...
We just googled the aurthor and he is blocked by google...and it seens he's got very bad reputation.
Our company will look into his article in detail and take necessary action where appropriate.
And before that point of time, we will not further comment on it.
Thank you and we greatly appreciates your interest and support.
Regards,
Jing
Sent via BlackBerry by AT&T
My research on UTA this morning:
1)I tried to book the airplane ticket, domestic as well as international, and domestic airplane ticket through phone as well as internet this morning, and it all worked well. International airplane ticket I pretended to book was cheaper than I could get here. Mapping function is also great and apply to every main city of China. The only thing does not work well is international hotel booking through internet. Considering it is China-focused company, it is very understandable.
2)John Hempton, the infamous blogger, apparently intentionally disregarded $3.273 million salary and commision payment in Selling, General and Administrative Expenses (see 2009 UTA financial report) to mislead online community that UTA's fianncial data did not add up.
3)This is the second time when I confrounted this sinister John Hempton. About 7 years ago, I bought tons of fairfax financial stocks at low price, after his misleading so called research:
http://www.deepcapture.com/introducing-john-hempton-the-plunderer-from-down-under/
The good thing is I bought lots of UTA shares at low price this morning
Why I bought UTA this morning and why will keep it for long:
1)I tried to book the airplane ticket, domestic as well as international, and domestic airplane ticket through phone as well as internet this morning, and it all worked well. International airplane ticket I pretended to book was cheaper than I could get here. Mapping function is also great and apply to every main city of China. The only thing does not work well is international hotel booking through internet. Considering it is China-focused company, it is very understandable.
2)John Hempton, the infamous blogger, apparently intentionally disregarded $3.273 million salary and commision payment in Selling, General and Administrative Expenses (see 2009 UTA financial report) to mislead online community that UTA's fianncial data did not add up.
3)This is the second time when I confrounted this sinister John Hempton. About 7 years ago, I bought tons of fairfax financial stocks at low price, after his misleading so called research:
http://www.deepcapture.com/introducing-john-hempton-the-plunderer-from-down-under/
I feel tired after lots of work on UTA this morning to sort out the mis-information from this John Hemption who should be arrested many years ago in my opinion, and I will take a rest for long hours.
Almost every Bronte's UTA allegation is false or misleading. I am doing more depth research one by one, and It is very intersting research. I have bought a lot UTA shares at price $3.32 and $3.33 3 times in the past half a hour.
ONP,reported 0.28 per share,40% higher than estimate:
http://finance.yahoo.com/news/Orient-Paper-Announces-prnews-2503045153.html?x=0&.v=101
ONP rebound over 20% and more good news coming:
Inside buying: The chairman actually wanted to do that last week but they are in a black out period until Q2 results are released.
Focusing: Right now the company is focused on preparing Q2 results and providing all the information required as part of the independent investigation.
ONP rebound over 20% and more good news coming:
Inside buying: The chairman actually wanted to do that last week but they are in a black out period until Q2 results are released.
Focusing: Right now the company is focused on preparing Q2 results and providing all the information required as part of the independent investigation.
The so called warning signs the Muddy Waters people signed was well explained by ONP management during the conference call. If you want to discuss ONP issue, you should at least listen to ONP's response in cc and press release. If Muddy Waters did not intentionally made muddy in the water, then the only conclusion you can get from the whole process is that either Muddy Waters people knew nothing about Chinese business and culture (professsors can write lots of theoretical books without knowing one thing in real life) or they have communication problems (they ignore ONP poeple's response and continue to repeat the same false allegations). ONP management is very professionally by responding to Muddy Waters' false allegation one by one. But Muddy Waters does not show any professinonally, and they just made muddy in the water.
The similar thing happened for US and Canada company. If you are familiar with a reputable company called Fairfax Financehttp://finance.yahoo.com/q/bc?s=FFH.TO&t=my&l=on&z=m&q=l&c= , then you would know how these manipulators like Muddy Waters poeple work.
No one would want to claim to be top notch if Muddy Waters poeple could be claimed top notch.
Carson C. Block, the key person of Muddy Waters, achieved nothing after spent a few years in China. So he wrote a book about how to do business in China and tried to make some money by selling it. Unfortunately, the book was from someone who failed, and thus did not have benefit at all. So he tried to creat a storage company in China. Unfortunately, he could not make it success. So he tried to make muddy in water in stock market by shorted ONP and then wrote misleading information in so called reearch report.
To approve Muddy Waters is a fraud, just check the title of their "research report" title yesterday: July 22, 2010 – One Billion Chinese People Can’t Be Wrong That ONP is a Fraud. Asking yourself, does the evidence they gave in the article have anything to do with the title?
What ONP management will do to win and excel:
1) Release the 2th quart financial report with more transparancy responding to investors' concern in 2-3 weeks;
2) Announce share buy back program;
3) Focus on result: producing and selling paper efficiently, and continue to develop business as before.
Here is another great unbiased article about the truth of ONP:
http://breakoutperformance.blogspot.com/2010/07/guest-post-another-perspective-on-onp.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BreakoutPerformance+%28Breakout+Performance%29&utm_content=Twitter
ONP: the first table pounding of mine this year, because:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52573448
ONP: the first table pounding of mine this year, because:
1) ONP share price drop nearly 100% since Muddy Waters, a Hongkong based new company, published its first "research" report last month. At the beginning, I thought it might be an unbiased research report giving objective informaion. After ONP gave detailed explainations to the concerns from Muddy Waters' report, Muddy Waters gave a few new "research" report including one yesterday. I have no doubt now that Muddy Waters is merely shorter trying very hard to manupulate down the ONP share price and to profit from it with the following evidences:
a) They claimed 1 billions Chinese believe ONP is a fraud, based on a possbily manupulated survey with sample size as little as a few hundreds of readers of an article with lots of errors from Muddy Waters (it even spelled Muddy as Moody's, the same name of world recognized rating company, to mis-lead Chinese readers);
b) They always picked nagative side of other people's analysis leaving out positive side, thus gave total wrong conclusion;
c) Whatever ONP does, they conclude negative side, ex. when ONP hired BDO, they said some of BDO' audited firms had fraud ; When they hire a reputable law firm, they said this law firm was also the law firm of the previous fraud firm. I am certain that when ONP hires one of the big 4 auditing firms, they would claim Enron was also audited by one of the big 4 auditing firms.
d) They deliberately chose to be based on Hongkong, making sueing them very hard if not impossible.
2, I consistently keep in touch with ONP management, some of its supplies and customers in the past 3 years. If ONP were not real, no company in the China as well as USA would be real.
3, ONP's earning per share will grow to $1.5-$2 per share next year, partly due to the new investing in new printing machines and other facilities.
4, ONP is strategically located near Beijing, giving it very competitive advantage. The ONP founder and CEO was very famous winning lots of recognition prizes, even because ONP listed its share in US OTC in 2007
5) See a real first hand un-biased interview research with ONP from US based wall street media which is totally different from Muddy Waters' manipulate nature: http://wallstreetmedia.com/show.aspx
6) See lots of good things about ONP in my previous posts.
I believe that ONP will be over $15 next year. I sold half of my sizable ONP shares at $15 at the beginning of this year, giving me over 5000% return. Yesterday, I bought all the ONP shares I sold. This morning, I bought some additional. If it fall again, I would more.