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China New Borun Corporation Message Board

  • victoralva15 victoralva15 May 23, 2014 3:17 PM Flag

    Weak investors. ..always sell opening bell after earnings.. and winder why the pps always drops.....great company. .

    I rate this a strong buy.....

    Sentiment: Strong Buy

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    • You are badly mistaken if you think the price decline below pre-earning price is mainly due to weak retail investors selling their shares. There is certainly profit taking which will put a lid on the price or even reduce it, but this is a highly manipulated Chinese small cap and what you observe is more the result of manipulation than simple profit taking. Of course, knowing this, many trade the fluctuations for profit because they know the familiar pattern but to understand these fluctuations you must first understand why the stock is manipulated.

    • it's obvious you have not been following this company very long. Mgt is brain dead , No institutional support whatsoever and mgt could care less about US shareholders. King river which is controlled by the CEO's mother owns 14 million shares of the O/S stock. I was in this POS for over 2 years and got out with a small profit when it hit $4.25 in October of 2013. Do you know it has only been over $4/share twice in the last two years , and that was intraday, and has never closed above 4 in over two years. the mistake new investors make is that "this time it will be different" but it never is. Why with such great fundamentals and a forward PE approaching 2 is this stock so cheap? If management was looking out for the best interests of the shareholders, they would take it private at the IPO price which was $7/share.

 
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