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China Armco Metals, Inc. Common Message Board

  • omarhatesyoutube omarhatesyoutube Mar 12, 2013 5:32 AM Flag

    Chinese Reverse mergers are rallying, may boost CNAM by association

    will 2013 be the year of the Chinese reverse merger recovery? I think the market has pulled back on reverse Chinese mergers to ridiculous levels, and the majority of the scams are already dead or gone after years of aggressive investigation by short scalpers.

    bloomberg.c(delete)om/quote/CHINARTO:IND

    as you can see the Chinese reverse merger index is up almost 40% in the last 6 months, I think finding a few Chinese reverse mergers that have been unfairly slapped by the pullback are worth taking a position in, the reverse merger index may double this year, and CNAM generally seems to trend somewhat towards the index value

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    • CNAM kept that percentage from being over 50% by its pricing action alone.

      • 2 Replies to ksn_44
      • also check out this article

        Carson Block says it’s become too difficult to short Chinese equities in the U.S. as bets on stock declines drop by 50 percent from a year ago.

        Block, known for his allegations that Chinese companies traded in North America engaged in accounting fraud, said in an interview yesterday that he’s lost interest in betting against the stocks because the government helps protect them. Short interest in the 83 biggest Chinese firms listed in New York has dropped to an average 2.61 percent of the total outstanding, from 5.22 percent a year ago, data compiled by Bloomberg and the U.K. researcher Markit show.

        “Investors will be more comfortable knowing that the threat of short seller attacks is a lot less than it used to be and a lot of companies have stepped up their corporate governance,” Kevin Pollack, a managing director at Paragon Capital in New York, which invests in Chinese stocks, said by phone yesterday. “The fact a guy like Carson Block isn’t aggressively shorting companies hopefully will lead to more investor interest that otherwise would have been scared away.”

        bloomberg.c(delete)om/news/2012-11-27/block-gives-up-as-short-selling-declines-china-overnight.html

      • It was following the index pretty closely until Feb.. the index went up and CNAM went down, I think the move down was unwarranted this stock should be around .55 right now all things being equal

 

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