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APWC--Why did it stop then resume trading?
TRIT--Surging on volume. Thought about it yesterday but didn't pull the trigger.
DRAD--
From that same negative article. While there's some institutional selling, there are also some pretty sophisticated buyers:
In addition to Red Oak other institutional/hedge fund sellers include: Perkins Capital Management Inc, Thomson Horstman & Bryant, Inc, Dafna Capital Management, WHV Investment Management, Northern Trust Investments, N.A., Vanguard Group, Renaissance Technologies Corp and UBS Securities LLC.
There are also notable buyers: Mellon Cap DL Market Completion Fund, BlackRock Fund Advisors, Somerset Capital Advisers LLC, Medical Mutual Of Ohio, Ancora Advisors LLC, Croft Leominster Inc, Essex Investment Management Company, LLC, Clear Harbor Asset Management, LLC, Dimensional Fund Advisors, Inc., Manufacturers Life Insurance Co, Merrill Lynch & Co Inc.
CHC--Looks that something's up. Maybe news on buyout is forthcoming?
LIWA--Has been in steady decline. Any views on what price may offer technical support?
HIHO--I'm selling 1/3 of my sister's shares. I'm more disciplined about taking profits for her than I am for myself. I sold half her CCCL at $3.90 and held all of mine for the roundtrip back to $2.50.
CCCL tanking. Hit piece? Don't see anything.
HIHO--Is breaking cup good or bad? Serious question. I own for my sister.
CCCL--Got whacked today despite Dec 11 ex dividend date for .10 per share or 3.7% at closing share price of 2.70. The dividend is semi annual which equates to a healthy 7.4% annual dividend. Seems like it should be heading in the other direction. Two outside directors just resigned which may have spooked some. It looks like they both joined at the same time back in 2007 so their simultaneous resignation doesn't seem problematic to me especially since the "no issues or disputes" language was included in the PR. I bought more today and will keep buying if it continues to decline.
UVE dividend--Seemed like a lot of panic buying today before that announcement. Not sure we all got word at the same time...
UVE--Sold my Feb 7.50 calls for 100% gain. Still long the stock but thought it made sense to close the calls on the spike.
LLEN--It was halted by NASDAQ which is never good. I don't own it but did hold YONG through a protracted NASDAQ halt that was finally lifted. It will be interesting to see whether/how LLEN emerges from this. They have definitely been sloppy and overly promotional in their PRs jumping from initiative to initiative. I'm guessing there's a real substantive mining business there but that they've taken way too many liberties putting their numbers together.
TRIT--That was an excellent catch on the filing birdman. I sold mine this am for a small gain. Too risky to hold into delayed earnings with the foreshadow in the footnote. I may buy back after they file.
Any one else having trouble with the Portfolio drop down menu in Yahoo Finance?
Researcher--I noticed some of the strange % of float numbers--like on CLNT that can't be correct.
CCCL earnings--Sequential top line very strong, but non-recurring plant work lowers EPS and Q4 guidance lower.
Thanks for that short interest list researcher. Anyone have any guesses on the next short target(s)?
Researcher or anyone--Do you have a list of Chinas sorted by short interest? It would be interesting to consider given the threat of short attacks. I recently sold CLNT when alerted about a negative SA article. Of course it then shot up 10% in 2 days. It has huge volume for such a small cap stock so must be a momo favorite. Their auditor is Sherb which has left a trail of blood and tears--and has just been sanctioned by the SEC. Short interest has risen to new highs recently although only about 500,000 shares and they're no options. It seems the standard for shorts isn't whether they've discovered something damning that forces delisting (like CCME and LPH). They just need to put a story together with enough "scare power" to tank the stock temporarily and make a huge profit (like LLEN and NQ). There has to be some ammunition, but it also helps if the company has a "fair weather" momo shareholder base that will be quick to dump.
TRIT--I bought Friday and yesterday. We'll see about earnings.
HIMX--Wade, you have played this one well. Do you have reentry price?
TSLA--R59-- I took a short position on Tuesday at $161. Are you still holding or out in low 140's?
CCCL--Should post earnings within next week which should be strong based upon sales guidance in their Q2 report. If earnings are good and sales guidance is again strong, stock should rally again as it did after Q2 release. Price ran from $2.50 before release to up to $4.25 after release before settling back to its current $3.45. I think this will be a good hold into earnings.
CCCL--Should post earnings within next week which should be strong based upon sales guidance in their Q2 report. If earnings are good and sales guidance is again strong, stock should rally again as it did after Q2 release. Price ran from $2.50 before release to up to $4.25 after release before settling back to its current $3.45. I think this will be a good hold into earnings.
UVE--Any thoughts on whether/when they might increase dividend? Or how aggressively they'll buy back shares?
China stocks--KIK and Wade, I disagree that the fraud risk doesn't justify investing in the more established Chinese stocks. The valuations are usually far cheaper than U.S. stocks presented on this Board, and rising trading volumes are now providing the liquidity to take the big positions you like to take Wade. With the dearth of U.S. value plays, and a growing realization of the relative value and better growth offered by U.S. listed Chistocks,I think there's a huge arbitrage opportunity now as that valuation gap shrinks.
Many of them have been trading on higher exchanges for years now, and you know the shorts have done all sorts of in country due diligence trying to uncover fraud. Most of those now posted on this and other Boards have little short interest, unlike UVE one of this Board's favorites. Especially with industrial companies with verified production capacity, it's hard to imagine they have 10's or 100's of millions in hard assets and are just shams. That's different from CCME and LPH where it was much easier to pretend to operate a business which wasn't really being operated.
I wouldn't be at all surprised if there were some scammy self dealing, family on the pay roll, contracts with friends/family etc. that might dilute results at the margin. However, that doesn't negate the underlying,fundamentally real, strong and growing businesses, with good margins trading at less than 5 PE's.
Wade, you invest in TGA with assets in Egypt and Yemen, but China is too risky?! I'm just sayin'...
Many of us were badly burned when the China bubble burst last time. I never invested in CCME or any other delisted scam, so only lost money holding into downturn. However, even if you were scammed, IMO it's an emotional, short sighted decision to redline Chistocks for life. I recognize and respect everyone has his own approach and many of you have been very successful with your strategies.
OSN--They made .03 last quarter and provided bullish but very vague guidance for 2013. How much is it worth?
CREG and LIWA--Bobwins, CREG looks like a quality, growing company in a good space but very hard to estimate their quarterly results which are very lumpy. LIWA has provided very specific (revised in August) guidance for 2013 which should generate EPS of slightly under $2--so trading at less than 3 trailing and forward PE They also have $6 per share of cash and no debt which, of course, makes you wonder why they don't pay some dividend. Nonetheless, I think LIWA's near term performance is more visible than CREG's and it's also cheaper. I would add CCCL and CLNT as two others which provide guidance of some type and have great growth prospects. CCCL is not as cheap as it was, but CLNT has a sub 3 PE.
CCCL--Broke 4 to new high but didn't keep it up for long. Rest of day should be interesting as early volume is high.
CCCL--Back on the move today approaching new 52 week high on good volume. The next catalyst is the Nov 11 earnings release date which, based on guidance, should be great,
APWC--With a perfect market to catch a tail wind, they lay an egg and report disappointing Q2 earnings today. Also, no mention of dividend which had been under consideration. Finally, no real guidance or color on their operations, so their new CFO has taken a "business as usual" reporting approach. Not much to be excited about here for now.
TRIT volume and spike. I didn't see any news?
APWC--They were scheduled to be ramping up production in higher margin facility in latter part of this year. Should start positively impacting numbers although they're slow reporters so will be a lag before those numbers are released. Volume has increased some and there's a steady buyer at $3.70 so it looks like somebody is a believer. It will be interesting to see whether the new CFO upgrades the quality of their reporting and/or takes any other measures to attract investors--a dividend would be the most powerful IMO.
APWC would qualify, and they should have numbers out(and very possibly declare dividend) in the next week or so leading up to their announced 11/15 annual meeting.
CCCL--Thanks Hebercreeper. Now I'm trying to figure out a fair value to exit. It's a little tricky because the sequential results for the next 2-3 Qs should be very strong, but these small cap China's usually trade at low PEs. One pulls against the other. When they announce quarterly earnings, they always provide sequential "guidance" by providing two months of sales volume for the following quarter. Q2 earnings announcement showed 50%+ sequential increase in sales for first two months of Q3. So Q3 earnings announced on Nov 11 should be very strong but already priced in. The guidance for the first two months of Q4 will determine whether the stock will continue to run (in addition, as always, to overall market conditions).
CCCL surging again today. Still think it has room to run. Given history, I think fraud risk very low.
UVE--Wade, I'm also long. I'm wondering whether the shorting is a way to hedge against losing some of the big gains investors have made in the stock since March while they wait for long term capital gains and/or selling in 2014 tax year. Another possibility is a pending hit piece.
YONG--Don't think they'll cancel but could take a really long time to close. I waited almost a year for a 15% return. In this market, you can probably do better and not take the risk of a weird "Chinese" twist.
CCCL--On the move again with strong early volume
CCCL--On the move again today with high early volume
UVE--I own it so am not bashing but wondering whether there could be some sort of regulatory investigation of which people have become aware. Management hasn't always taken the high road on such matters.