Technically Wonkker Hong Kong is part of China, officially known as the People's Republic of China, or as I like to call it, hairy VaChina. So don't mouth off, Beastie boy.
The stock will go higher, but it must go lower. They are pulling rabbits out of hats you know, do the math, last quarter kind of makes no cents, like YOU. I know what I am doing. I am making money everyday. Today short, tomorrow long, but never wrong.
I have my buy orders placed between $11 to $12. With the fiscal cliff selloff continuing at least for another month or so we should see those prices.
Washington never gets anything done ahead of time. In fact they almost always wait until the last minute. Both parties might even be playing chicken with each other right now to see who will blink first.
Chart looks terrible. Stock should consolidate to $12 or so, near pre break-out highs. Not sure if it retraces all the way, as fundamentally story is good and perhaps many step up. Still Koo is Chinese and not trustable even with the kelloggs blessing. If 2013 is so good, why not raise dividend to $0.80 per year or $0.88 like in 2007 and 2008. They have so much cash, but maybe they don't. I heard Koo will be on special Chinese edition of American Greed...I am kidding, but see what I mean?
What this stock does a year from now isn't relative to shorting it at $15 a week ago. It's making money and probably will be covered at a good profit within the next few days. Nobody has claimed it is a bad pos. If it gets to the mid 12's I'll start buying.