SINO - Ksuave, it looks like the stock successfully tested support at the mid-Bolly band (20dma) at 3.21 today, once again being manipulated by the various forces that wittingly or unwittingly conspire to manipulate stocks-- e.g., the MMs, HFT-algobots, ST-traders, shorts and, i suspect, naked shorts (SINO has definitely been on the Nasdaq Reg SHO list on a few occasions that i've checked in the past, though i can't find their ticker on that list today).
Shipping sector is a bit weak lately (e.g., DSX and others have fallen), BDI is back a little under 1,000, and so i think SINO caught some of that sector downdraft. The small float exacerbates the downward movements.
I expect some institutions to finally take notice of SINO again after leaving it alone for several years when the sector crashed.
This is a really amazing turnaround story in the works with SINO's return to hefty profitability (47.2% NET PROFIT margins, 134% increase in revenues y/y!) fueled by their inland transport management services, a biz segment that could grow and grow over time.
Meanwhile, they now have a trailing EPS of 0.35 and next quarter the 2 cents EPS from last year's comp qtr will likely be replaced by another 14-15 cents.
So both the trailing and forward P/Es here are ridiculously low at this point.
AI
