1) Check this out:
2) And review this from the PR originally:
"BEIJING, May 31, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (NASDAQ:YONG - News), a leading agricultural nutrient company in China ("Yongye" or the "Company"), announced today that Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye International, intends to purchase up to $3.0 million worth of shares of the Company's Common Stock in open market transactions."
Note it says "in open market transactions."
So, I'm sure the form 4 filed didn't specify the first transaction correctly.
3) The Time Magazine published a very damage piece to the RTO group of stocks. And I'm certain those shorts have made the best of use of the media coverage. However, also try to learn a simple rule of the stock markets: whenever a major national publication, like Time Magazine, makes a cover story, it is an indication that the sentiment of the crowd has peaked, either bearish or bullish.
So, I'd be a buyer of YONG.
4) Go to FSIN board to read my takes on HRBN and FSIN, both were crushed today.
"The stock is impossible to short,"
That's a lie. I just tried three different brokers, and they all have shares to lend, for free.
" options are being given to the multi-level marketing "sales force", and they don't report financials with the SEC."
If you referred to the stock option plans to the company's employees who are in charge of the "sales force", that's a normal practice for any company in the US.
Wasn't you're the one who first complained about the "share grant" approved by big shareholders? Now, what's wrong with the options?
If you can't tell me the market cap, you don't know what you are doing. The stock is impossible to short, options are being given to the multi-level marketing "sales force", and they don't report financials with the SEC.
Buyer beware - I've already done my service to warn you about it. You are not right or wrong because the market temporarily agrees with you.
Boy, don't you wish you bought HRBN or FSIN when I posted the first "alert" under this topic? And HRBN more than doubled from $6 in a couple of days!
So, who are really better? My calls or the MS this morning?
Trading is all about preparation ahead of time - you must be ready with your research, and your thought process must be in the right direction.
Talking about instant destruction of wealth in HRBN last week! The madness, the cluelessness, and the absolute fear, from all those big traders/shareholders! Just b/c a little report from Citron.
I think that should have demonstrated the state of the investors and shareholders in this space - very bullish from sentiment point of view.
YONG is supposed to be a safe long term hold. But why is everyone, long or short, has been so nervous with the stock?
Was the downward push this morning to prove something? That the shorts fear to see the stock over $6 by next month? or was it b/c some big buyers doing the faking in order to load it up?
Either way, YONG will be over $6 soon.
you never posted to buy HRBN, you posted to reduce your cost basis- meaning to sell and rebuy when lower.
if anyone was stupid enough to listen to you, they would have lost the "gain" (which is not a gain but really a recovery)
really, who do you think you are fooling? you are the only fool here.
and just in case you forgot, here is what you posted
"My thinking, which I posted before, is still the same - reduce your cost basis is the only way to go, if you still have something there, and that is the reason those big shareholders dumping them and they're also buying them back lower. Why not?"
In reviewing this topic from yesterday, there is one item I should add to, ie, 4):
How do you deal with FSIN and HRBN?
I don't have a position in HRBN, but I remember Alfred Little was positive about it and said was a buy a month or so ago, if some still remember the subject was raised on this board.
My thinking, which I posted before, is still the same - reduce your cost basis is the only way to go, if you still have something there, and that is the reason those big shareholders dumping them and they're also buying them back lower. Why not?
Just b/c Citron published their point of views? They're biased as pointed out.
It all come down to play the trading games, until a resolution is reached. I still have some FSIN from $5 and change which I did post, and I added some today at $4.1, and sold some over $4.65. I don't think FSIN would be played out like CAGC, since FSIN did have a currency hedge position with Merrill Lynch until March 31, 2010. I bet those blind shorts never bothered to understand what that meant.
Strangely, there're those who seem to believe in whatever rumors or amateurish takes in a situation that may actually resolve favorably in the end for the big shareholders. I'm referring to HRBN - go read the latest response from the CEO.
Are those "writers"/bloggers chasing shadows? And they surely follow a certain pattern in trying to dig up some sort of dirt desperately for some sort of sensational reporting.
The reason I brought up HRBN yesterday was there're many looking for "something", and HRBN seemed to be blamed for .... I don't have a proper word for that.
All I can say for YONG shareholders and buyers is that you must follow the big money players - Full Alliance and MSPEA.
And I'm close to put global on my ignore list, b/c the poster is getting closer to be a noise maker, just like richardxroe, who shared the same foot prints as ian bezek - they're all new comers in the stock markets.
"I also trade some futures sometimes."
Yes, everyone knows that sometimes you trade virtual oil future, one barrel per contract designed special for YOU, rather than regular contract of 1,000 U.S. barrels (42,000 U.S. gallons).
You forgot to mention that you also trade options in addition to future options. Do you remember that you have indicated in this very MB that "selling call option" is "bullish" per your expertise?
Cheers to the legend of multiple marketS!