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Tongxin International, Ltd. Message Board

  • slobilla slobilla Jun 3, 2010 6:56 PM Flag

    Im convinced these Chinese stocks

    are all pumped and run up and dumped by hedged funds.Look at the 3 sectors that have run up then dumped.1.Chinese fertilizer stocks like CAGC and CGA 2.Chinese pollution control sector RINO,TRIT,DGW,HEAT 3.Chinese auto sector CAAS,SORL,CYD,WATG and TXIC.CAAS,CYD,SORL have held about 1/2 of gains but WATG is very weak and last is TXIC which is down 70% from high of 12.The only reason I followed this one down was the new buy and new shares added by Oberweis funds and the supposed revenue guidance by the company stating 25% rev growth for next 2 years.I bet when we review the holdings by Oberweis and heartland value funds you will see they either sold out or reduced their holdings by huge amts.This constant erosion and selling into strength since 8.0 would validate this.Positive press releases by fundholders or the company itself just provides a way to load the bus up to the new bagholders at much higher prices.The relentless selling began in late april 23.Even if the sector had a good day TXIC either had a very small gain or closed down.Ill bet heartland value accounted for the majority of this even though they put out everythings OK letter.To late to sell so my fellow bagholders we are stuck.

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