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Recon Technology, Ltd. Message Board

  • savvysalt savvysalt Feb 14, 2013 12:28 PM Flag

    RCON looks to be legit

    All the correct earnings documentation appears in order... looks like with yesterdays sell off after a breakout on stellar earnings and the continued selling this morning RCON may now be forming a higher base.

    It is wise to be skeptical of the accounting practices coming from China however doing some due diligence it seems RCON's earnings report is credible.

    Friedman LLP is RCON's independent registered public accounting firm.

    Due some due diligence here and see if you agree. Looks like RCON should start trending higher based on the credibility of the accounting practices.

    Accumulation at the best prices available seem's warranted.

    A word of caution some on this board are telling you about selling of past runs... those runs were not based on earnings growth. When a company has this type earnings report it will eventually move higher before the next report.

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1.29+0.19(+17.27%)Jul 28 3:59 PMEDT