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Giant Interactive Group, Inc. Message Board

  • zbgb952 zbgb952 Jun 6, 2013 12:06 AM Flag

    can someone explain what is going on with this stock?

    I read the news but don't understand it. Are they issuing more stock?...what does it mean when it says they are 'selling shareholders'? What does that mean?

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    • Management just kicked existing shareholders in the balls. just as the stock was setting up to move to $9.50/$10 a share. I sold out at $8 and grateful I did. This is why God created so many stocks, so you can sell ones whose management does this to you and move on to the next one breaking out.

      • 1 Reply to heezdedjim_2002
      • heezdedjim_2002•6 minutes agoFlag

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        .

        Management just kicked existing shareholders in the balls

        Management had nothing to do with it ! The company doesn't get one penny from this and in fact they lose money over the short term. The buyers @ $7.25 are not buying to lose money. You may see a dip under 7 but this stock will go up after the shares change hands you can count on it, Ive seen this many times before, you WILL NOT LOSE MONEY if you just hold for a few weeks or buy more below the target around $7.25 The PPS will go below 7.25 but that price will be a support so you don't have "Panic" selling. Good Luck, take your best shot and don't get wrapped up in the emotion.

    • read the news but don't understand it. Are they issuing more stock?...what does it mean when it says they are 'selling shareholders'? What does that mean?

      Don't let the word "issuing" throw you, nothing is being issued in the way you are thinking, a large amount of stock that is held by a "current" fund or shareholder is being sold thur an agency for the price of $7.25 a share which is considered a discount. Untill all the shares are sold the PPS will be around that number but after the sale is done the share price will go up in time.
      Don't panic over any "rumors" or games the market makers play, just stay long and in a month you will be on track to a new 52wk high if the market doesn't crash.

    • an "affiliate" company of the chairman of GA is selling 15MM shares @ $7.25/sh. NO shares are being sold "by the company" therefore GA will not receive any proceeds. market cap of GA just dropped 15%.

 

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