Thu, Apr 24, 2014, 5:01 AM EDT - U.S. Markets open in 4 hrs 29 mins

Recent

% | $
Quotes you view appear here for quick access.

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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

 
XIN
4.52-0.12(-2.59%)Apr 23 4:06 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.