Apparently XIN started internet sales....from ceramic tile to mangoes on their recently developed micro-channel site. It appears on Nov. 15 they are trying to direct sell real estate as well....starting with Sanya and Williamsburg. That is what I seem to get from Google translate.
November 21, 2014 Source: Beijing Times
Jinghua Times (Reporter Zhang Shuling) November 15, Xin Yuan Chinese official micro-channel platform was officially launched. Micro-channel platform trial run on September 30, ended October 31, line one month trial run on the platform, the number of fans to break 40,000, the number of registered sales reached more than 10,000 people, hundreds of sets of volume platforms, such results to the whole industry a shock.........etc.
Wouldn't it be a laugh if JAG did buy back in at these prices. I'd go and rub your
bald head for the next prophecy :)
yah... but this time they said "very,very"... When they say it twice.. it means something! :)..
But for reals... Looks kinda silly if they bought shares for $5 but leave them on the table at $2.50.
Also looks silly to buy up a Debt at a premium when we are nowhere near conversion prices, unless they are going to be buying up shares at the same time. Silly to buy back at a premium unless there is a solid plan where share price would rise... and if there is, they should want to get in on it.
Lol Brian. Xin has been saying how undervalued their stock is the whole time I've been here, but they do very
little buying even at bargain basement prices. It's all talk, and no action.
On a day when China home-builders are getting crushed, XIN is actually doing okay. SFUN is down 1%, EJ is down 9%, LEJU is down 14%, China Vanke is down 1% SOHO China is down 1%, and XIN is up $0.01.
It's little comfort after the beating we shareholders have taken over the past year. But, I'll take an Up day whenever we can get one.
Sentiment: Strong Buy
Say who, Blueridge??????????????? Since when did they get back in. I know I've been out of the
loop, but why would a HF who sold their 28m shares (or 14m ADS), buy back in?
Over 36000 @ average of $1.40. Will add more if ir drops below $2.00. But do not expect to go that far. Here since 2011. Sold once @ $7.25 and paid off for 17000 shares at no cost which I had. Then added 19000 with each fall.
And now the market turned and ........ XIN is going down. I still think that this is institutional selling, the algorithm set to sell XIN when the market goes up. Blueridge should be done selling soon, and overall roughly 2.5 million more shares of XIN were sold than bought by institutional investors.
Can't have a squeeze without shorts. It's too bad, that would be nice. We need some more shorts in this stock to create some action.