Sino Agro Food Inc (fka SIAF)

[jyyoo]

100-day is at $.46 right now. Starting to flatten out. It seems like we've finally put in a higher low for the first time in a long time which is great. It's been years since a higher high. In order to make a higher high on the next leg up we will have to break $.44 cents. Any news would easily break us through that but we may also trade there without news. Once that happens I believe it will be a long series of higher highs and higher lows. With the Tri-way dividend in Q3, cash dividend in Q4, and profits turning around starting this Q1 already the fundamentals are supporting the improved technicals we're seeing. Dilution has backed off the last few weeks so let's hope we are done with dilution though I wish they'd give further guidance than what they stated in the last Q: "The Company has adopted austere measures to reduce its dependence on equity funding by approaching it as the exception rather than the rule when it comes to determining which modes of operation are necessary to maintain the Company’s outlook over the next two years." Financing is priced in as bonuses here but I still expect it to be eventually secured.

Very technically constructive so far but still has some work to do.