I wrote just the other day that this stock can drop 50 to 70 cents any day and given and occasionally will give up $1.80 or so for who knows what reason. DUNG is always leading the China pack down.
Not a stock to hold. A trading stock only IMO. The kind of China stocks you want to hold are stocks like NTES, VIPS, BIDU, and others where management has open communications with shareholders. Always check the headlines section and look to see how many PR's are released and look for a pattern of communications. Write to IR and see what you hear back and how long it takes. DUNG is a dead giveaway for a company that just doesn't care.
I am small fry, just 100 shares, but I've been making 50 bucks every time I buy at $13.50's and sell at $14.20s. It's been an easy trade for at least 7 round trips so far, but today I was too scared to buy back. It just seems it's going lower.
PS if Dang drops to $13.15 tomorrow I will sell all my calls and stock and come out with a few hundred. My stock was at $11.81. when I purchased it
You idiot you just repeated what I said. At around $30 you said it would crash and and to wait under $25.00, You see I don't have to delete my post like you. Why don't you repost all the post you did on that day?
Now as far as DANG goes, back when DANG was around $ 11. you were saying to short Dang I purchased 1000 shares and I'm up a few dollars per share and your shorts on that post are killing you. Anyway I also purchased 10 AUG 14 and 10 Sept 16.
The ganme is up gio, no one believes you, sorry.
When you are proven wrong, you delete. The most key on your keyboard must be the delete key.
collector, It would be hard to convince investors that bought VIPS a year and a half ago that it was a good trading stock. Sometimes with Chinese stocks (or any stocks), looking for the right situation and just holding through the ups and downs is the best way, although not always easy.
Glad to be of assistance to those that listened and sold DANG over 14 and bought LOCO at 19, 20, 21, 22, 23, 24 Or anywhere else under $30. This Bird is En Fuego!
OK. Your post about Warren made a lot of sense so I decided to ask Giovanni, of Giovanni Capital Management, for his take.
He said....and I quote, "While Warren Beatty is a good actor (he said Bonnie and Clyde is a fav), he would not go to him for stock trading advice. He prefers to use his patented "Rear View Mirror" method.
Also, Giovanni said the weather YESTERDAY was mild with a chance of rain.
Hope this helps :)
DUNG and all China stocks always sell off far more than the rest of the market. Never hold China stocks. These are trading stocks only.
The markets are getting crushed in general, you idiot. It's a market sell-off, not a Dang sell-off. Wimps always cut and run at any hint of danger and then miss out on the inevitable bounce when cooler heads prevail.