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I added a few today at .145 as I think once we get through this week it will be all uphill.
I think bargain hunters will be taking over from tax loss sellers before the week is up.
Just 5 days left ..
My wish for 2011 is that Management get more communicative
Glad you folks are still on board
I do get nervous with all the fraud hoopla in this space
If you had to pick a list of potential fraud stocks, a mining stock would definitely make the list, in general mining stocks have a checkered past.
This perceived risk is scaring off potential buyers. IMO.
Ouch .... in the .13's ... had a feeling tax lass selling would get us here ... January can't come quick enough
Shorts running out of ammo?
They don't seem to be hitting the bid with the same intensity.
Rebounding back, only down a penny as I type.
I added a few more as I think this may be the bottom and the covering has to start sometime.
This one is also a good read, I actually forwarded it to our PR contact, and asked them to pass along the info to management. Even if they do not take Shareholders requests seriously. I would assume that if the path to gaining respectability in the US investment community is clearly laid out for them they are more likely to take in.
http://www.thestreet.com/story/10952955/1/how-china-small-caps-can-come-clean.html
Well I figure if the shorts were going to go all out and try and crash it below $15.00 they would have done it in the first hour or two.
I just added at the HOD, I got a bit over excited reading some of these posts and figured it was about to explode lol.
looking for a strong close and fireworks tomorrow.
We are unlikely to hear anything from them until the next report.Unless here is some big event like an acquisition IMO
There is always a lot of whining on message boards about tax loss selling at this time of year. Well when a stock has losses as big as JADA's tax loss selling is a very big deal. It will keep the stock under pressure until the end of the year. I would not be surprised to see us back to .14 next week.
But on a brighter note I think come January we will be back into the mid .20's in no time. I think we will need to hear some news before it gets any higher than that.
Rock solid base in the 15's?
The thing about rock solid bases is that there will be a gaggle of stop loss orders set right under that base. So from 15.00 down to 14.70 or so there are probably oodles of shares set to sell if the price gets there. Make no mistake that will now be a target for the shorts. Will they get it there and induce a large sell off so that they can cover? Looking at todays action it appears they may indeed get there?
Mental stops rather than actual ones are the way to combat this.
All it takes is one large short to start covering and the stampede begins. Todays close will be interesting.
I bought today at $16.36 ...
Relinquish worthless securities
Look like this was the first scam stock I have been caught on. Putting it down as education expense.
about to relinquish 1,000,000 shares and take the loss.
Etrade even charges me for this.
Market order just sitting there ... no takers at any price.
Karmuppance to that little twit and his fake contracts.
Tax Loss Selling will probably keep this from inching into the .20's over the next couple of weeks. But I think come Jan 1 we should start to see an upward bias and it should tick back to the mid .20's area where most likely it will churn for a while until we get some direction on how business is going or news about company developments.
"Legal insider trading
Legal trades by insiders are common, as employees of publicly-traded corporations often have stock or stock options. These trades are made public in the US through SEC filings, mainly Form 4. Prior to 2001, US law restricted trading such that insiders mainly traded during windows when their inside information was public, such as soon after earnings releases.[3] SEC Rule 10b5-1 clarified that the U.S. prohibition against insider trading does not require proof that an insider actually used material nonpublic information when conducting a trade; possession of such information alone is sufficient to violate the provision, and the SEC would impute an insider in possession of material nonpublic information uses this information when conducting a trade. However, Rule 10b5-1 also created for insiders an affirmative defense if the insider can demonstrate that the trades conducted on behalf of the insider were conducted as part of a preexisting contract or written, binding plan for trading in the future.[3] For example, if a corporate insider plans on retiring after a period of time and, as part of his or her retirement planning, adopts a written, binding plan to sell a specific amount of the company's stock every month for the next two years, and during this period the insider comes into possession of material nonpublic information about the company, any subsequent trades based on the original plan might not constitute prohibited insider trading."
Actually if they had decided on a dividend date he could not buy the shares as that would be insider trading.
It is not legal to trade on information that is not public. There are quiet periods prior to release of major news where insiders can't buy or sell.
I would take the purchase as a sign that there is no big news coming next week.
Volume appears to have dried up
Looks like we will be bouncing around in the high teens for a while and not the low .20's as I anticipated.
Maybe we get something completely out of left field, like an offer to buy the company or a new strategic partner who can actually sell the jade. Someone in China has got to be looking at the value here and thinking about it.
This I believe is the biggest potential gainer in the entire China small cap space. I have been pondering if this could somehow be a scam, nothing would surprise me. However, it really doesn't fit the profile of a scam. Scams usually have a history of growing revenues that are false and lots of fluff PR's. Plus you can't fake cash so even if the contract was ripped up and the company dissolved as some doomsday scenario unfolded, we would still have a liquidation value in the mid .20's (Cash + Ar - liabilities)
This is grotesquely undervalued IMHO
I have doubled my position
That is one of those common beliefs that circulate on these message boards but it is actually not true.
If you hold your shares in a Margin account they can be loaned out to shorts. Period. Even if there is no margin balance on your account and even if your customer service rep tells you that they are not loaned out.
The only way you can be sure your shares are not loaned is to transfer them to a cash account and leave stick instructions with your broker not to loan them out.
You are correct
having watched this trade for almost a year I should know better than to predict anything about price fluctuations here.
It could take out .40 next week based on nothing but speculation and manipulation.
The main point I wanted to make is that to get a sustained higher price we need to see that sales have turned a corner. And I am hopeful that Q4 will show that.
Has the info posted yesterday about a possible a large sale in the 4th quarter to a customer in Taiwan been officially debunked? Or are we still hopeful that that actually happened?
I think with all the volume we did at .14 this will not be getting back to .40 anytime soon. Lots of folks will be exiting on a double at .28/.29. So I predict we will hang out in the low to mid .20's for a while.
What we really need is to hear from management or some third party that sales are back on track. But my guess is we won't hear from management until the next quarterly report.
Perhaps the best indication we will get as to how business is going is articles posted on here from Chinese websites about our particular jade.
Great to see a bottom finally in ....
GLTA
Volume
Looks like we will be over 2 million for the day. No let up in the selling. Hard to explain where all the volume is coming from.
If did get confirmation of a large sale in Q4 this could be an awesome entry point. However I don;t think we would be trading like this if such a sale had happened.
Value / Shermadog?
So if they are unloading shares at a lower and lower ask to walk it down.
How does this translate to them accumulating?
Volume
Half a million already ...... seems to be sold hard out the gate every morning and recovers somewhat in the afternoon.
Surely at these prices we become a takeover target
I had no idea we had a short interest at all
So the price is clearly being manipulated down .. am I reading this correctly, 825172 of todays total volume of 1880014 is short sales
Well it hit .141 today which is close enough to .13ish
Time for it to head north
Also regarding the "big seller who knows more" theory. If such a seller existed they would have sold everything before earnings.
I added another 10K today...
Volume
Have to admit I am baffled by where all the volume is coming from.
Hard to Say Raysupinhere ..
It is such a peculiar little stock hard to predict what it will do short term.
Next weeks trading should indicate if it has finally found a bottom... Friday may have been it. I hope so. It can be safer adding at higher prices after it has formed a base than trying to pick a bottom.
I think you will do very well in 2011 with an entry price of .19 whether you average down or not.
Volume finally dropped off today, hopefully that is the bottom and we start to tick back up to more reasonable valuations next week.
Disappointing price action so far today
I got the following reply when I requested a business update.... Yangyi Does respond to email pretty quickly.
"I will do my best to collect more information from the management team and we will issue a PR after we put all the information together. However, there's no guarantee that we will be able to do that before next quarterly report.
Thank you for your concern.
Best Regards,
Yangyi"
After months of viewing the pictures everytime I singed in I assure you your good work is logged in my mind. The Image of that Red Daewoo digger is scorched on my retina.
Thanks for posing them ;)
Hide intro
I just realized you can click on the "Hide Intro" button and it goes straight to the messages rather than opening all those photos. You probably all knew that already.
Looks like we are building a base here above .16 , I was hoping for more of a quick V shaped reversal back into the .20's but looks like that is not to be.
Good quality posts over the weekend.... thanks especially to Alex and Value ... added a few more at .17 this morning.
I am thinking we are overdue a bounce based on technicals alone
As for sales, I think there are two points going forward that will grow sales.
1) the high end branding of the Jade; as the articles posted over the weekend show it is definitely happening although we are only at the beginning. This will take time to translate into quarterly revenue but it will come.
2) the glut of construction projects and subsequent crash in property left us in a hole with our over stretched construction customers. As that whole industry consolidates and the over supply washes through, sales into that market will eventually pick back up. The growth rate in China will ensure this.
The big question I have is whether the remaining AR is all good or do we still have some write off's to go.
I would really love to hear from the company but I don;t think that is going to happen, maybe I will be pleasantly surprised.
Yes indeed ... even authorizing a share buy back plan would be enough to send it northwards even if they never actually bought any. I suggested it to the IR person yesterday who forwarded the suggestion to management.
CCME implemented a share buy back plan at the suggestion of shareholders from these boards, so you never know.
Bottom ?
Be nice to see this tick up a penny or two into the close so the trader types can call a bottom.
I am also wondering if management will make any effort to support the stock price. A simple rehash of the business plan with a mention of possible uses of their cash balance might go a long way to instilling some confidence. I am not holding my breath but there is a lot they could do and say to increase shareholder value. Such as do a share buyback, issue a dividend, discuss acquisition strategies, mention rebounding construction markets, give revenue guidance, discuss plans to vertically integrate.
I added
I added to my holdings by about 50% this morning. Had to exit some CNAM and some CCME to get the funds.
Genius or Idiot? ....... it's a thin line
I Received a reply from yangyi
"Thanks for your suggestion and I will forward them to the management team.
And I am also trying my best to collect more information from the managment team. However, at this point, all the information I have were reflected on the Q and ER.
Thank you
Best Regards,
Yangyi"
"then it really doesn't matter if they have $0.00 or $100,000,000,000,000,000,000.00."
That just may be the dumbest thing I have read on this board.
Stock buy back
I just sent an email to Yangyi Hu at the email address listed in the release. Anyone got any more contact info for folks connected with the company?
I suggested this would be a good time to do a stock buy back since they have cash on hand. I also asked nicely if they had any plans for increasing shareholder value. I will let you know if I hear anything back but I am not expecting to.
Green close
Since no one has a clue what is going on with JADA the company and no one has a clue what is going on with JADA the stock ...
I think manipulation will rule..... large sell off in the AM followed by heavy buying towards the end of the Day and many shares will get transfered into someones account, Probably the same one's doing all the selling prior to the report.
Unfortunately I havn't the stomach to buy more
Best of luck to everyone
Disappointing.
Based on that I think we will we will trade down to cash levels.
If a lot of fast money leaves tomorrow we may even trade below cash .. which would be an opportunity for those who believe.
realy bad ?
I added 10K at .40
Feeling good about this one even if it does not breakout yet... we have lots of time before the next earnings which I believe will be pivotal.