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China Valves Technology, Inc. Message Board

  • sleestack76 sleestack76 Mar 9, 2011 7:57 PM Flag

    Short Interest

    Short interest increased by 500,000 shares to 3.7 million. Shorts are planning on attacking the company on the earnings release date. Most likely will be a restatement which will put pressure on the share price. Longs keep capital dry because you will most likely get another opportunity to buy cheaper. Shorts want a easy trade off of this and most likely is an event driven fund that is behind the large short bet. JMHO>

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    • Look at the value of intangibles and goodwill on their balance sheet. Are you kidding me? If I was an auditor, I wouldn't touch this with a 10 foot pole.

      But, Vanguard did, upping their shares 637,000, reported as of 12/31/2010, to the SEC on 2/11/2011.

      • 1 Reply to achilles197474
      • State Monopoly (essentially) for domestic valves. Only domestic certified supplier for the Nuclear Industry. Big push - commitment to build Nuclear over the next 10 years.

        Nuke alone would drive this puppy high.

        Now add water, sewer - basic infrastructure as consumers gain a stronger foothold in a growing economy... Sky high now.

        Great opportunity. Also, as general downpush on chinese stocks releases (in my opinion, with the audit / sign off & huge short squeeze imminent for China Media Express (CCME) - it will push CVVT up as well.

        They put out a release showing they have been vetted for credit-worthiness & are at the top of the heap.

        Seems as if nothing but good news here on a stock that has been beaten into the ground (so already reflects a huge discount).

        I'm confused, seems as if up is where this one's headed.

    • Good post. It was interesting to see how Wonder Auto (WATG) traded on March 2, the day after they disclosed that their numbers for 2008-09 were to be restated (in conjunction with their switch to Price Waterhouse Coopers as auditor). Even though the restatement took the numbers higher (a bit unusual), the stock actually got hammered out of the gate all the way down to $6 from around $6.60. I thought of buying some at $6.10 but hesitated. Too bad because now it's around $7.

      But it was crazy. Earnings being restated UP and the stock is hammered. I think the upshot is that the shorties are like mad dogs that will attack anything. So "keep your powder dry" is likely good advice for longs.

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