is Loving China.. considering learning Mandarian
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I smell panic buying
With this volume, might not be a problem lol.
Might be HOD close
$1.02 was the break.. $1.08 is the mega break.. Technically speaking..
Well SIAF at least has 2006-2007 PCAOB audit done so at the very least one can understand the value and nature of the merger.
That was my entire basis for my investment. btw, in case you didn't know, a PCAOB audit is the exact same audit required by fully reporting companies.
I have been watching JADA very close. I'm trying to figure out why the market has been so unloving of it. There is quite a bit of distance to move up here though.
I think one problem with several China stocks have been the consultants they chose to align themselves with who had no regard for the company's markets and dumped shares like no end.
I think JADA falls into that category.. with "jaded" investors.. pardon the pun hehe..
But yes.. been watching close here for a break.
Man she is a beauty isn't she?
This liquidity is simply amazing. After being in the stock for almost a year.. this is simply mind boggling lol.. I guess the word is finally getting out.
People been watching it since $.01.. don't watch to long lol.. or you won't be able to see it anymore hehe.. okay that was cheesy.
Finding the stocks with P/E's under 5 are becoming harder and harder. The super gains are over as far as I'm concerned now. It is going to be more about industry sector and growth as opposed to cheap P/E's.
2010 will be the year we switch from cheap P/E's to focusing on individual company growth prospects. I like SIAF because they are a commodity based investment. Their main revenue source is Dairy.. which was beat to a pulp in 2008 over the tainted milk scandal.
You think earnings are small now... wait till dairy sales start getting back to where they were just a few years ago.. oh my oh my..
Do some DD on China dairy.. very big boom coming.
My crystal ball's batteries are dead..
Your looking at book of about $1.04 at least and EPS around $.13 for 2009. We will need to listen to the CC to get 2010 guidance.
For now, your looking at the stock trading pretty much book and a 8 P/E.
Your mileage may vary..
I'm hoping it holds above $1 this time around.. they say three times is a charm right?
Your welcome bud.. just trying to help out fellow traders/investors.
SIAF The entire float has pretty based above $.90 now..
You need to look at a 2 year chart..
This stock ran 10,000% after over 1M shares got dumped by a non-affiliated third party. The stock is near it's 2 year high..
Your going to see some stiff resistance.. plus the liquidity is attracting day traders now who are content with flipping for $100 gains.
hehe funny you mention no pinks.. my biggest gain this year was a pink.. can ya say 10,000% return BOOM lol..
SIAF see ya at $2
Break out.. holding breath
SIAF just broke $1.02
SIAF $1.02 break out underway
SIAF $1.02 break in progress
$1.01 X $1.02
No, not the holding period.. but Rule 144 eligibility.
In layman's terms, under the new Rule 144(i)..
Any company that has ever been a "shell" or was once a reporting company under the Securities Act of 1934, must become reporting as a Securities Act company if a merger or change of business has been conducted in order to be eligible for Rule 144.
Example..
ABCD is a pinksheet "shell", that was once a reporting company. ABCD conducts a R/M with "AMCE Junk". At the close of the merger.. all post merger shares shall be ineligible under Rule 144 until the post merger company registers with the SEC.
That means, any post merger shares are 100% illiquid and can never be "free trading" until registered with the SEC.
An example of this rule being broken and the consequence of it can be seen here...
http://investorshub.advfn.com/boards/board.aspx?board_id=16132
Really, there is nothing different..
Look at the chart below.. the volume.. keep in mind a number of folks got real lucky and over 1M shares were picked up under $.01 because of a non-affiliate dumping stock.
We are now at a point where very few people are not at a profit. So the churn begins.. she should start behaving like a real stock.
Now if we were doing 300K a day and not progressing forward I would be concerned.. but this looks about right to me.
I love the churn.. churn and burn baby.
It is becoming liquid, ie: folks are buying it at say $.98 and selling at $1.02 etc.. Then going back on the bid.. rinse repeat.. making $50 - $100 a round.
I would MUCH rather have liquidity like this, then low volume and sharp increases followed by sharp decreases as we have had in the past.
The one thing that has hurt the stock more than anything has been the lack of liquidity.. Investors ask.. can I get out if I need to?
Before 10,000 shares on the bid would have crushed the stock.. now I bet 10,000 shares on the bid would hold up relatively well..
I am extremely pleased to see our little baby getting liquidity.
SIAF Shorts through IB keep getting clobbered..
Not sure why they keep doing it. There has been desperation to hold this one back..
IB as of today has ZERO shares to short..
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=siaf&cntry=usa&tag=United+States&ib_entity=llc&ln=
10,000 shares available to short
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44665430&txt2find=IB
More posts
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44073203&txt2find=IB
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44140058&txt2find=IB
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44605148&txt2find=IB
SIAF might break and hold $1 this time.
SIAF
Just stumbled across this board doing some research work. I'm curious Mick, are you familiar with Rule 144(i)? I don't see it being discussed here.
It mainly only effects pinksheet shells. It is extremely important to understand the rule if your looking at pink sheet shells.
Here is a good read on the subject..
http://reversemergerblog.com/2008/10/02/nine-law-firms-submit-request-for-rulemaking-on-rule-144i-to-sec-text-below/
This is an attorney's perspective..
http://www.gopublicdirect.com/pink-sheet-shell-pink-sheet-listing-warning
Just a FYI for you guys. Hope this helps in some way..
Refineries typically don't get involved with distribution. It may be more cost effective for the Refineries to outsource that distribution to a company already capitalized and equipped to handle it.
Since Refineries are the source of the "refined" commodity, they know their product is going to sell whether or not they are the ones delivering it or not. So why take on the headache..
In the U.S. it is pretty much done the same way. They are not "middle men" any more than a painter or electrician who is hired by a General contractor to build a house.
Chinese executives say that Chinese workers are not always less expensive, but that they tend to be more skilled and easier to manage than local workers.
Would they rather have a power plant built by uneducated sub par Vietnamese labor, or experienced qualified Chinese labor?
I think this is more or less whining on the part of the Vietnamese local representatives. I doubt the State will do anything, they need the technology and investment.
Interesting article, if anything it only further shows how China is emerging as a dominate power.
I love it..
Had the Bernie Madoff scam happened in China they would have probably sentenced his entire family to death citing the need to permanently remove that family's genes from existence..
MMRF - You ever notice how this one particular stock keeps trying to get a plug here?
I agree with you Joe, I can't stand a company that is not generating solid revenue but pays its executives top pay and in most cases a higher salary than their profitable peers.
This is the main reason why China management teams are so different than American management teams. The Americans do it for the money.. the Chinese do it for the prestige..
..and that is why China is emerging the winner..
Over $6M in accumulated deficit and they still are not turning a profit.. That is embarrassing when compared to all its china peers.
MMRF, Why does this company keep getting mentioned here? I think the general consensus is that the company sucks ass among the more experienced investors here..
I know I have had my fair share of comments on it..
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=43762528&txt2find=mmrf
Your macro view is antiquated and simplistic. The fact that Americans (and other westerners) are now able to buy shares of fast growing companies that are based in, and doing business in China is proof of how far they've come vs. your macro view.
And this is why we have yet to see a true run towards investment in China.. many American investors still think the Government controls everything.
They have become quite the capitalistic country.. they have embraced it as a matter of fact.
Yeah, I don't think that's Glens site..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44709331
It's a bias, no doubt and I'm man enough to admit it publicly lol. I know a lot of people have been bullish on CKGT.. I have traded it a few times.. but I just can't see cactus cigs going anywhere as an ex smoker.
Suffice to say it is not the entire cornerstone of the company, but it is the first thing many think of.
I think my initial comparisons were drawn early on based on CKGT versus SIAF's land banks in China. I know that SIAF and CKGT started off with relatively the same amount of land bank.. both audited.
But I know that SIAF's land bank has increased dramatically as a result of some JV's.
I guess my bias comes from that perspective.. Agriculture profits are ultimately going to come from production, and I think SIAF has CKGT now beat on available land bank.
I also am curious why CKGT didn't just get long term bank loans using thier land bank as collateral.. SIAF obtained long term bank loans.. why is CKGT raising equity when they have land bank to collateralize? Maybe the banks don't like the cig idea either?
I'm going to do some more DD on CKGT just to make sure my future comparisons are on the mark.
I noticed someone mentioned they thought I was bashing CKGT.. I think everyone here knows I like the stock quite a bit (I'm certainly not bashing it).. it is in my long term strategy.. I just think SIAF has more potential for growth and my bias is demonstrated by my larger holdings in SIAF.. I do put my money where my mouth is lol.. But both companies are going to do marvelous.
I don't think it will be bad.. to be honest the Kramers and the Yahoo's really haven't caught on to the China small caps yet. We are still a relatively small minority. I think most the people who follow Bradford already know about this board.
For those that didn't know, this board typically has one of the highest board read stats on Ihub.. it means many folks are reading but only a few actually posting.
The fact that we have been able to remain so clean for this long on Ihub is a testament in itself.
I guess I haven't looked as close at CKGT as I thought I did. Yes, I now see some of the points I made may have been in error now that I have gone back and caught up on things. My last time to look at CKGT seriously was back in the low $.20's and I see a lot has changed since them.. I admit to not having probably done as much DD as I should have.. not necessarily blinders.. but just failing to look period.
I can admit when I have made a mistake.. I'm going to spend a bit looking over the recent S-1 which should bring me up to speed I guess.