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Xinyuan Real Estate Co., Ltd. Message Board

  • omeg4@ymail.com omeg4 Apr 16, 2013 3:50 PM Flag

    So what was yesterday about?

    Was it high frequency trading programs mashing together bird flu and SEC delisting fears? Institutional funds trying to shake people out? What are your theories?

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    • They BOMBED the Boston Marathon, that is what happened! Many traders were there!

      Sentiment: Buy

    • Succinctly, there were a lot more sellers than buyers For a thinly traded issue without significant institutional holders. who knows? More likely it had to do with factors not related to China or XIN. What exactly moves one or more retail sellers on a day without relevant new news is anyone's guess.

      The de-registration process started in 4Q12 and accelerated in 1Q13. However, there has been no public information to change the assessment of this risk. The PBOAC is not forced to a timeline and can do the process behind close doors. The company's, as well as most mainland companies, MD&A disclosure makes this risk sound like a promotion for the Big 4. The Big 4 have concluded this is adequate disclosure given the real risk, de-listing, requires action from the exchanges. That logic is thin but likely will hold up in a shareholder law suit, especially for a Chinese's VIE issue.

      Bird flu is the most likely reason. As it is an irrational reason for an irrational movement.

      The institutional barely trade in this stock. The stock is likely agglomerated in their model or the trading costs are not justified without a yet unseen price move.

      Has an insider filed a trade?

      It might just be someone funding their tax liability or thinking about their 13 tax position?

      It might be someone's arbitrary deadline. "I will sell after the 20-F is filed."

      Or someone fell out of love with XIN and fell for another stock to chase. With thin volumes it does not take a lot to move the valuation if the current market has settled into concrete shorts and longs. You had to figure liquidity would disappear at some point, it is a mainland China issue after all.

    • the delisting concern is not real, only a possibility, like saying, if there is a flood as the movie 2012, then all biz will be wiped out. they have to spell out worst case scenario for sec. xin will not be delisted simply because of its accountant. naive thinking. sky falling thinking.

      my thinking for yesterday is simply, some fund manager got sick of poor communication and want out, of course, having read my postings here and totally concurred!

 
XIN
3.96-0.04(-1.00%)Jul 9 4:05 PMEDT

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