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Qiao Xing Universal Resources, Inc. Message Board

  • rforster99 rforster99 Mar 26, 2007 12:51 PM Flag

    Shareholders scared by delay in

    earnings report.This is very common for chinese stocks which do not have to adhere to US rules. Look at gigm. A year ago the stock went from $2.20 down to $1.60 because they had not reported for 4 months after the year end.Those who knew the company said thing were going good and not to worry. When good earnings were reported the stock began to move. NOW it is over $14 a share and expected to go beyond $20. Don't panic. We know business is great for XING and earnings will be great.

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