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BYD Company Ltd. Message Board

brathe 3 posts  |  Last Activity: May 23, 2014 10:45 PM Member since: Nov 6, 1998
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  • brathe brathe May 23, 2014 10:45 PM Flag

    Wall street has nothing to do with this. The stock in the USA is a pink sheet. It is Hong Kong traded and Shenzen traded and IMHO soon to be Shanghai traded/. The Communist Chinese government is highly unlikely to let this poster child of a new technology business fail UNLESS Wang Chung #$%$ (sp?) the founder falls out of favor, but since he is a true party member and populist and sleeps in the dorm and has not accumulated vast wealth for himself like many others, he might be okay for awhile, or at least until he rubs someone the wrong way. Why not but Tesla, it is a lot easier. Buy at $200 and sell at $230. Repeat process for the next two years.

  • Reply to

    i hope it goes to $ 2 so i can buy more..

    by starteam003 May 8, 2014 1:58 PM
    brathe brathe May 8, 2014 10:17 PM Flag

    You know when I was young like you I kept buying down a stock until I had 25,000 shares at an average $10.00 and I was soooo sure I was going to be a millionaire. The company went bankrupt and voided all the initial shareholder value, then came out of Chapter 11, IPO'ed with a lsightly different symbol and then sold itself for $25.00 a share to a high bidder. Instead of having $625,000 at least all I got was a lousy $3,500 in a class action suit and lost my ENTIRE investment. I don't know what kind of experience you have but don't think this couldn't happen here. When there is no profit and no cash to realize a dream people do what they have to do and if they have to screw their initial investors so be it.

  • Reply to

    Shares Sub 5

    by kbonse May 8, 2014 3:27 AM
    brathe brathe May 8, 2014 9:22 AM Flag

    Someone agrees with you as they sold a block of 100,000 pre-market at $5.06 when indicated to open at $4.66-$4.75. The buyer might be asleep at the switch. KBonse I wouldn't buy in until they get their liquidity issues straightened out. Then add when that 20% to 30% hit is absorbed if you think they raised enough cash to execute business plan.. I have been out since $4.20. Took the proceeds over to AAPL in the mid-$400's. I like this story in the long term (I have many earlier posts) and have been confused by the recent run-up which appeared unwarranted. My theory is that Morgan Stanley HK and others that wanted the secondary offering needed the price to be at a level where the issue could raise the required capital. Announcement has to come soon as 185,000 mouths to feed monthly. They have put it off for a year already and have gotten cash from the government and bonds and banks. They should do a proper New York listing like AliBaba but probably can't meet the minimums. Likely Shanghai IMHO

BYDDF
6.402-0.018(-0.28%)Jul 28 3:50 PMEDT

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