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Xinyuan Real Estate Co., Ltd. Message Board

  • dhalluin.guillaume dhalluin.guillaume Nov 22, 2013 11:15 AM Flag

    buy on dips

    target $ 10 in a few months...

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    • if you truly believe this is running to 10 then your mantra should be BUY at any time.

      in the past few days if you had really "bought on dips" then your profit is maxed out at about 0.15 per share because the stock has been on a downward course with slight interruptions as smart money comes in to buy shares. For example, 6.80 to 6.95, 5.95 to 6.10, and 5.40 to 5.55. But as you expect this stock to double, then what is 0.15 per share? Especially considering the 1.50+ slide we have experienced in this stock in November, everything you can acquire now is a "dip."

      Market indicates that 5.40 was a good entry point. this stock has a short term bounce due, and good prospects in the long term range. but be honest with yourself, 10 is a made up number just like yinvestor's 7.50 was. The truth is this stock is undervalued currently and will correct itself somehow in 2014.

      Sentiment: Strong Buy

 
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