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Lihua International, Inc. (LIWA) Message Board

  • amendoza amendoza Jan 31, 2013 3:46 PM Flag

    LIWA's shorts

    1.3 million shorts would need to cover pretty soon. At current daily volume this is 13 days to cover.
    I could see them starting to get nervous, especially as we get near earnings, which will be in the record territory.

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    • elpasojet@sbcglobal.net elpasojet Jan 31, 2013 4:37 PM Flag

      The calculation is short interest divided into average daily trading volume, on an uptrend, it is more like 2 to 3 times the number of days to cover because there will be lot of buying and short covering than selling of the stock. If current trend continue, most investors will not sell until it hits $6 and above. LIWA fair value at 5 PE is around $9, it is still has plenty upside potential between now to March earning call day.

      LIWA is looking between 54 cents to 58 cents on last quarter, and if CEO does have some GOOD news to show on the new CCA wire and/or dividend distribution or stock buyback, shorts will run out of the kitchen.

      Sentiment: Strong Buy

    • tdcburns@sbcglobal.net tdcburns Jan 31, 2013 3:54 PM Flag

      And, when LIWA capitulated week of 9/14 on 1M shares hitting a low of $3.35 there was the same amount of shorts then and LIWA is $1.65 or 50% higher now and there is still the same amount of shorts.

      You would have thought they would have used that opportunity to cover.

      So as usual, expect the worst and hope for the best. It would be nice if CEO would back up all his comments with some actions.

      Buy the hit, buy the dip, buy the rip.

      Sentiment: Strong Buy

    • tdcburns@sbcglobal.net tdcburns Jan 31, 2013 3:48 PM Flag

      shorts don't have much worries. They just come out with a hit piece and tank it.

      Expect the worst and hope for the best as usual.'

      Buy the hit, buy the rip, buy the dip and be happy some day.

      Sentiment: Strong Buy

 
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