Replies to post #351 on Takung Art Co Ltd (TKAT)

[cashbyers]

Right man looking to start a position here soon on any bullish intraday price movement. Definitely going long @ 7.50 on a 100daySMA retest.

Follow my stock trading dairy on twitter @cashbyerstrades if your interested in my trades!

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[cashbyers]

Looks like investors took the increase in S&GA negatively on the newest 10-K. 50% of revenue to be exact. Increase in stock based comp to 500k; salaries, office space, rental, traveling,

Net income was only slightly more than last year.

I wonder if management is taking a little more for themselves then they should be.. however I do see CFO Leslie getting that lower. Annualizing next quarters SG&A expense will be a good indication to see if the trend is actually moving in a better direction.

Going to be sizing in small early next week.


GLTA
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