Replies to post #824 on Chaoda Modern Agriculture (CMGHF)

[Traderfan]

Nah c'mon, to state that it won't stop at 2 cents while the current price is 4 cents is as negative as possible. That's hilarious. And what will this night decide when it comes to not stopping at 2 cents while it's still trading at double that price. Nothing. That's all nonsens as far as I'm concerned sorry.

Just like the nonsense reason (volume is less on the otc suddenly after it trades in HK-what is very surprising btw...NOT) you gave why you sold a few days after it listed in HK again and a few days after you came up with all that extremely positive stuff and insane price targets just a week earlier.

If you think the numbers suck then yes I agree but they also sucked at the time you talked about a probable 10 bagger right before it started to trade in HK.

[RealDutch]

I'm saying this has not traded as it should have

Why not? We opened at HK$0.70 but it didn't hold because the results were poor and due to selling pressure from institutions.

We may very well put in a double bottom here at HK$0.31 and then today's price on OTC was the perfect buying opportunity.

We are trading at 6% of book value. It's too low. Any news and we could get a double. Or we could get a double for technical (and fundamental) reasons. I'd be a buyer here.

[MaterialMind]

You need to consider and weigh in more than what you're currently doing to be trading at all on the OTC, IMO. You cannot just look at the bottom line for two periods and draw a straight line, like it seems is what you're doing. It doesn't give you a true image of "reality". There is a lot of value in this company and their credibility was damaged during the trading halt. I think the PPS will recover, and as far as I can see it's stabilizing on HKG around HKD0.32 now. The volume was ridiculous during the first week when trading was resumed and the price was forced down quickly, probably by institutions getting out, as has been discussed here earlier. I believe it can take a while until the PPS recovers though. Still, if you got in before trading resumed you should still have a nice gain in your account, even at these levels. :-)