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SinoCoking Coal and Coke Chemical Industries, Inc. Message Board

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  • sunbrookplace sunbrookplace Apr 28, 2011 4:07 PM Flag

    What is happening here

    CFO- Have you folled this stock for a while? What kind of responses have you received and what reasoning do you have for the 15 target? I think that the market is in for a decling heading into the summer. I thank you in advance for your thoughts. You seem to be very knowledgeable and confident.

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    • I followed it for about 3 months, I shorted it at 11 in February and covered at about 7. I didn't think SCOK had problems I was just looking for small cap china to short. I have spoken with IR and they aren't a fraud, they are taking there time with their due diligence on the two mine consolidations and they are going to start up the new coking facility next month. News will come in May and then it will begin to make its way back up. All of you that bought at 9 and 10 just need to hold on as we will be back to 11 by September. Once it established some solid momentum the retail investors will pile back on. The average retail investor can't resist a fast rising chinese stock.

 
SCOK
2.45-0.0299(-1.21%)Mar 27 3:59 PMEDT