you think the current $12.00 is very undervalued, buy the heck out of it as I am. Shorts will definitely start to cover soon and with 40% of the float being short (even more now), I like my odds big time. Folks will ask what keeps them from lying on the restatement. If they were going to lie, they wouldn't have brought the situation to light yesterday to begin with. Sometimes people are clueless and don't think things through. I didn't make 2,880% last year because I was an idiot. Don't believe me ? Then read the gains on my board .....
Now THOSE are statements I can agree with.
I am currently playing this for a short-term bounce, but I too will be watching and waiting.
By the way, I do not disagree with your assessment of the other companies you discussed. FWIW I am currently holding SKBI.
You make it sound like making those kinds of gains last year was difficult or something. I mean who didn't make serious money last year. The real trick is what you can do this year, and judging by your bad call on FUQI, I'd say you're off to a rough start.
Don't get me wrong, I'm keeping a close eye on FUQI because at some point it will be a great deal, and that day could be Monday for all I know, but guessing the bottom on this one is a dangerous game. Better to wait for an obvious sign of reversal.
What kind of a post was that ? Yes, making 2,880% last year was indeed difficult. I'm up even more this year (dollar wise) than last year and as far as you claiming to wait for an obvious sign, LOL at that statement, as if there's an obvious sign. Some of you guys should send your cash to Oppenheimer to manage in one of their mutual funds. Seriously, some of the comments I read daily are classic. Simply put .... don't ever quit your day jobs.
Hey, would you consider it an "obvious sign of reversal" if on Monday FUQI opens around $11 and then heads up from there? Personally I think there's a decent possibility of exactly that happening. My target for this stock is about 50% up from here.
PS: the above scenario could be what was "planned" all along. Think of the thousands of burnt shorts who were "tricked" into maintaining their position over the weekend who would be scurrying like little rats to sell at any cost on Monday. Think of all of the longs who sold, "because of the chart." LOL
Dude, you're a complete moron if you think shorts covered today. The short interest FOR SURE increased today and that trade is wayyyyyy overcrowded as we'll soon see when the PPS touches $17.00 fairly soon. Better stick your money in a mutual fund since you obviously don't understand the market.
"If they were going to lie, they wouldn't have brought the situation to light yesterday to begin with. Sometimes people are clueless and don't think things through."
Really??? They've put people to death in China for 'attempting' to hide sh-t like that....
Talk about clueless!!!!!