Price action is disappointing. Who knows what we don't know? Price should shoot over $1.00 when Shiner International gets a de-list letter from NASDAQ. Now that I have over 25,000 shares, I intend to stop buying. The price action has been down with no bottom except the .47 cents from March 2009 to go by. We finally hit a double bottom breakdown on STOCKCHARTS.com with a new price objective of $0.00. The objective projection had been for $5.88. Is this company going out of business and we don't know it? I'm really beginning to dislike this stock, but will hang on because I think Las Vegas interests are manipulating it for fantastic profits or we've all been had.
Check out GuruFocus.com dated Jun. 19, 2011.
Warren is making a lot of money with these things.
"Warren Buffett - Wisdom Of Warren Buffett: Defuse Derivatives’ Risks
Derivatives were covered in Buffett’s 2008 and 2009 shareholder letters. Although derivatives are extremely dangerous, Buffett trades them in a way that major risks are defused. Like an insurer sells insurance policies, he sells derivatives contracts to collect premiums upfront, invest them, and pocket investment return...When Buffett initiates a derivatives contract, he makes sure that neither counterparty risk nor collateral posting is involved." Buffett says:
“Our derivatives dealings require our counterparties to make payments to us when contracts are initiated. Berkshire therefore always holds the money, which leaves us assuming no meaningful counterparty risk.”
Cash is losing value. Witness gold price. BRK/B generates great cash flow and is acquiring other companies like Transatlantic Holdings by Berkshire Company, National Indemnity. There's too much negativity in the market and it's a good time to buy.
We've been steadily buying. Up to 2,200 shares now at average $73.23. We have been distressed with paltry returns on cash in money market funds that are overflowing around the world.
We like the quote in the Weekend Financial Times of August 7th, page 3 - to quote, "It is expensive to be defensive." Just look at page 4, "Lenders start to impose charges in face of cash influx." I believe it is better to have an investment like BRK/B throwing off good earnings and acquiring other companies.
What? You're going back to March 2009 when all hell had finished breaking loose? BRK/B has great companies bringing in a great deal of cash flow and buying up great companies. How's that equate with a $50's price? Burlington Northern bought recently throws off mega cash.
In last 3 market days, I have been buying 1,300 shares of BRK/b. With the paltry return from money market funds, I believe that BRK/B is a good value with much cash coming in and Buffett making wise decisions in allocation of cash. There's value here rather than paper money.
I figure those warrants are worth 45 cents divided by 5 on a discounted basis from $1.70 in 27 months using 5% as the interest on a future value. So, 45.53 cents at 5% interest would grow to $1.70 in 27 months. Since 2,608,334 shares were given for $3,130,000 that equates to $1.20 per share. With the warrants worth 45.53 cents divided by 5 that would give a value of .0911 cents. That means the investors bought the shares for $1.20 minus .0911 cents or about $1.1089.
Over the coming months, will the market makers be willing to support the market over $1.10? Rationally, one would guess no, but being rational doesn't necessarily make money. My intuitive guess is that they'll pump the stock. My one worry is that this company is controlled by Nevada interests and control by non Chinese has not been received well in China. My understanding is that this stock cannot be listed on the Shanghai market in China because it's not Chinese owned where it would get a better valuation. This is why many foreign owned chinese companies are considering cancelling their listings on foreign exchanges to list in Hong Kong where they could get higher multiples.
WBRE is a 7 cent stock with no info with the SEC. Next stop 1 cent? Please stick to BEST on this message board. It would be much appreciated. Thank you.
Why would Goldman Saks increase their holdings 2.6 mil shares to 8.6 mil for 1.4% of total shares outstanding? Or Black Rock 3.9 to 23.8 mil shares as of 6/30/2010 if they didn't smell value? Who produces jet fuel for the military? VLO is a large supplier. You should be buying rather than selling.
Yes, and that's what the market makers want until they have sufficient stock numbers to push it way up. They're buying up those who throw in the towel. I say "sit tight" and wait for the inevitable rise. It could take a year.
You're right. Shiner International only started a basing pattern in January 2009. It could take 3 years to soar, but I'm betting it will take less time than that. They state in their company profile that they're the largest coated film manufacturer in Asia, The sole anti-counterfeit film producer in Asia and The sole one-stop packaging solution provider in Asia. Their website is pretty good and they seem to take investor relations seriously; although I think they should be earning more.
Shiner International actually hit an all time low of .57 cents on 3/26/09. I have averaged buying 37,000 shares at $1.045. I'm committed to continue buying until I reach 246,000 shares which is 1% of the company. Yuet Ying, the CEO, owns 47.7% of the company. Stock Charts has a bullish price objective of $5.88 in their gallery view. I feel lucky to have purchased 10,000 shares earlier in the week at .89 cents.
There's very little volume on the downside. So who could even sell at a decent price? Regardless of where this stock might go down to, it's not going out of business. The famous stock market guru, Jesse Livermore, put it aptly, "It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!"
So, don't despair. Stock Charts has a bullish objective price of $5.88 in their Gallery View.
One could go nuts looking at this thing on a daily or weekly basis. Just do what Jesse did. Don't let the market makers wear you out of your shares.