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China Automotive Systems Inc. Message Board

  • garycandido@sbcglobal.net garycandido Nov 7, 2013 8:55 PM Flag

    Adjusting Target

    Had a target of 5.85 ,,,,but i would hold off til after earnings,,,if as bad as i think they will be ,,we may go back to the beginning ,,with a 4.80 support...hold off and buy the selloff after earnings and flip it in one day...then set your position .For those who didnt heed my advice,,,all i have to say is i told you so.$10 was an early XMAS gift ,,and if u didnt take your present....shame on you...Rkboy still watching,,and sweatpump ,,hope u sold in Sept. Looking to get a position near 5,,,but will flip this everyday during earnings,,,Happy Trading and Happy Holidays!!!

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    • I'm concerned about the current floor level dropping back to the $5.30 range myself. It seems deceiving right now those since this looks like a possible floor level to bounce off of. What do think the chances are for this current floor to drop?

      • 1 Reply to dsamaral
      • garycandido@sbcglobal.net garycandido Nov 10, 2013 10:53 PM Flag

        Earnings for this next qtr. were have been perceived not to be very good ,,that was stated before last qtr....thats why the run to 10 was a gift,,,if this sells off more than 2 dollars a share with decent earnings,,,,,god knows where it can go with a bad report.This is the way it has traded for years,,so a pullback to 4.80,,with a bad earnings is right in line......id start buying near 5.30,,,though,,,but dont go all in...im all in at 4,80...but its a quick trade for now,,,u may get a day trade after earnings...play the dip...sell quick

 
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