Replies to post #89984 on Sino Agro Food Inc (fka SIAF)

[jyyoo]

Jay,

Because the company is listed on the OTC exchange and still trying to uplist on a more regulated exchange (First North by summer and OSLO by the end of the year) there is going to be continuous volatility due to market makers on the OTC having more manipulative power over the stock price and due to the investor base being mostly retail investors like yourself (no offense) who don't necessarily understand the investment they are holding by purchasing shares of SIAF and are likely to sell after a run up we saw at $17 where they want to take some profits. Well for longer term investors like myself and some others on this board who understand the true value of this investment, there is no point in selling even after a substantial YTD gain like 70% we just saw back at $17. The reason I don't sell even after such a high gain is because: 1) I live in the U.S. and want to utilize long term capital gains taxes which means I have to hold the stock for more than 1 year. Therefore, I don't want to try timing fluctuations in the stock price selling in and out and having my profits taxed much higher 2) I know this stock is worth WELL over $100 a share and I have no plan on selling my shares unless I am getting what it is truly worth. 3) (And this is the biggest reason I don't sell) This stock has the potential to take off at any time if listing is announced and big institutions are allowed to pour money into this stock. This can happen any day and I don't want to be caught with my pants down just because I got greedy and thought I could sell it at $17 and buy back in at $13 for a quick profit...Imagine if news was released a few days ago, then all the traders here who claimed they "knew" the stock was going to come down would have been kicking themselves. They would have risked a significant amount by potentially missing out, simply to make a quick profit. The risk of missing out on a huge increase to me, is not worth the little quick profits I MAY make by trading in and out of this stock.

So to answer your question, yes this stock will eventually reach $20. When? No one here can say for certain, but if we get an FN listing announcement which is expected in the next few months, I would bet we will fly past $20. If I were you I would just keep adding on the down weeks like today, and at the end of the year I am sure you will be a much wealthier, happy man.