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Xinyuan Real Estate Co., Ltd. Message Board

  • stan.ackman stan.ackman Apr 16, 2012 3:25 PM Flag

    Will 500k volume become a norm for XIN

    Last time XIN has 5 consecutive days with volume over 500k. XIN went up from $2.83 to $3.85. It dropped back to $2.98 when the volume dried up to around 300k. Now, XIN is on target to have two consecutive days with 600k+ volume. Is XIN going back below $3 when the volume dries up again or XIN will keep going with 500k volume until it hits $6?

    Another question is again who is behind this high volume.

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    • from a tech perspective --- we had a big rise and slow partial fall "a pennant" -- but the rise we are seeing is not on huge volume - volume is up, 20% or so, but if in the next few days we get a rise on high volume -- it suggests a continuation of the previous trend, with the height of the continuation ending up so the top of the previous rise = the mid point. Previous rise (2.75 to 3.95) = 1.20. 3.95 + 1.20 = $5.15 -- a realistic number if we see high volume with price appreciation soon (at least from a technical perspective) -- fundamentals and value look to work in Xin's (and long's) favor. Macro economic signals in China also play positively....

      3 for 3 on signals - technical, value and macro --- could get interesting very fast.

    • So far, I found Sandgrain Advisors Inc. is one of the first funds reporting its XIN holding as of 3/31. They increase their XIN holding from 0 to 380k in Q1.

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