Not on 52,000 shares of stock traded. Obviously no interest in CHLN. Shorts were sucessful in thwarting a move up. LIWA looks better here.
Someone is going to be supplying a lot of that copper wire for all these chinese land and developmental projects.
Sentiment: Strong Buy
Not too many shorts left, price target 2.50 next week, then approaching 3 in the next few weeks. The best part is Geo investing did proper research on stock and SA gives stock a 14 dollar value on latest article. Fortunately this is a visual stock and buildings and occupancy can be determined without interference from the Chinese government. China still on the big stage from rural to urban occupancy.
Actually, XIN pays a quarterly 5c div. That's 20c annually, which yields a 4.4% annual return at the current price. That's better than 90% of the stocks in the US.
Reviewed my original post here, first time, on Apr 5th, when I reloaded my position of 10,000 shares at $1.6. But the stock actually dropped to $1.52 briefly.
My assumption was that the company would report upward earning, around 15c in Q1.
Looked at today's earning report, the numbers were good, but not impressive. I don't think the buyers would be overjoyed. There're still overwhelm negative sentiments against those Chinese stocks. Look at XIN, reported 31c for Q1. But the stock was sold off! On a annualized basis, 31c/q is on pace to $1.2-1.30/share eps. So, the stock is priced at a P/E of 4 -+.
Really? That means, CHLN is fully valued at $2 for the same kind of metrics. I don't know. XIN is paying a 5c dividend, and that makes XIN a better hold for the long haul. As a result of this analysis, I sold out rest of my position at $2.38.
I need to have a better valuation for those Chinese bets. And I'd like to see CHLN retest $2.
i just bought more shares with it being down 33cents is unbelievable . we know the company is real , and the earnings report was great. some always take profit right after earnings come out, thats fine. let the smoke clear and the daytraders clear out ,we will go up big time, get back with me within aweek and lets see what the price is. good luck to all
I expected this. The weekly charts showed this was very overbought, even though the monthly charts show this has many more months to rise before being overbought. The drop in price this morning is temporary. I would be loading up here as this is headed for double digits in time.