Petition/Proposal to Benefit Shareholders of All US Listed Chinese Companies
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Hey, so here's my take on triangles. A huge topping reversal triangle spans from 11.5 to 7.5.
Drop of 4 bucks. So from the breakdown point of ~~8.80....the bottoming target is about 4.80
plus/minus small change.
So who's next with pick n' guess'em in the zany wangy world of Triangles?. Lay down your opinions?.
This is a china stock so investors beware. China stocks, for me, have an immediate red flag attached to them.
How can investors trust you if you just keep ripping off shareholders?
How can investors trust you if you have accounting problem?
How can investors trust you if you just keep putting out so called news to try to pump up stock price while you, insiders, are busy dumping your shares?
There are so many indications that you have accounting issues, you have been trying to mislead investors. Are you willing to do an independent investigation on your accounting? Can you guarantee to pay shareholders' loss if it is proven that insiders had done things against laws?
Once there is an independent investigation, there will be creditable people who will come forward to provide damaging information.
A symmetrical triangle is a continuation pattern, and since the trend is up it will continue going up (75% of the time says statics) When it crosses the upper triangles resistance, its going to break out huge to 13. The reason my target in 13 is because you take the base of the triangle and add it to the current price. The Base of the triangle was about 4 dollars long, we're currently at 9, so 9 + 4 = 13. ALSO whats really cool is that the 50 day moving average has finally touched and acted as support. Which can only mean this thing could pop at any second, could be tomorrow, could be friday. But I'd get in asap. Here is a link to the chart so you can see what I'm looking at. http://tos.mx/6FDERy
Harry has posted Charts of the Day video on VIMC at TheTechTrader site noting: Vimicro International Corp. (VIMC) has a consolidation taking place. I like the reversal on Tuesday. Look at the low, right on the 50-day, right on the trendline, and it reversed from 8.55 to 9.50, and closed at 9.38. It was up only 3 cents, but the positive day on Tuesday was important. Look at the resistance on this one over the last three weeks. If it can get above 9.70, I think it will start to run and retest the 52-week highs at the 11 3/4 range, and beyond that 14.
CFO had been leaving this company one after the another, you have to ask why?
This company has a lot of issues, including its accounting.
ya, lololol....crazy and nuts this VIMC is. Bottomline: Untrustworthy this stock is.
We'll see......they're not exactly rushing in to buy this turd in the pre-market.
The most important word in the earnings is...UNAUDITED.