InvestorsHub Logo
Followers 4
Posts 37
Boards Moderated 0
Alias Born 04/09/2014

Re: javier1973 post# 1735

Sunday, 04/13/2014 2:20:18 PM

Sunday, April 13, 2014 2:20:18 PM

Post# of 2041
Javier,

Sorry to hear about ur entree points, I took some losses this year on this stock as well. How deep is your position?

On the Bull side,

There was alot of orders inn at 2.20 on Friday, which means it could hold. and SGOC might pull an INTEL style trick on the 22 Apr 14 and post higher earnings than the previous release.

Now depending on that revised earnings you could see 3.80 maybe 4.00 IMO and SGOC could be on track to get back to 8.00

On the Bear side,

No news till 22 Apr 14, we test 1.80, and then the release is right at or below previous numbers which could make this a dead fish until the next earnings release.

Keep in mind that the PE and Book value of this company is still very good but its also Chinese and they our known for shaddy stock manipulation.

Depending on the percentage of your portfolio allocated to this stock. I would wait til the 22 of Apr to see whats earnings/rev, then look to long or sell.

This is all IMO, Best of luck brother!