I don't understand why this stock is so cheap based on future earnings .. Have the Chinese stock exchanges just not done going down and Hogs is just a victim of their stock market melt down ??? If anyone has further insight your comments would be most appreciated.
Try to ask yourself a question like this: What would you do if you have a lot of warrants you can convert to common stocks at a fixed price around five dollars? would you like to short this stock around $11? if the market keeps going down, you make fat profits by covering your short position at the basement price; if the market turns around and shoots up, you can excise your warrants to write off your shorts and still make a double. no risk, fat profits, what a wonderful world.
I want to see earnings for after earthquake that disrupted production last quarter might have lower numbers. How todays market is being so brutal that slight drop in revenue and earnings will have a large swing for some discounted shares.
fear and loathing: fear of high grain (feed) costs cutting into bottom line, and i think some people fear the impact of the earthquake will also reduce earnings,, Loathing, this stock has missed numbers before so investors are timid. I'm long at over $12 so what do I know!