Dave...currently have 8K shares, had 10k shares this morning. ......................................................Sold 7k shares (from mid 13's) and then bought back in 5k shares as described about. I am really expecting KNDI's management to finally break the SHORT'S hold on their stock on Wednesday. GL
#$%$ ......... it s called taking profit moron..., and then buying back at a lower price because you take what the market gives you (ONLY SOLD 7k SHARES)............. does not mean you do not believe in the stock it means you are smart...........or you can lose money and run around with your panties in a bunch crying like a damn baby, like you.......... Just bought 5000 shares between 16.77 and 16.98, waiting on the conference. Again, if conference is successfully I believe you will finally get that much anticipated short squeeze and over 23 bucks...idiot.
in anticipation of conference on Wednesday.......earnings were good, a little lower than I thought, but very solid growth..........................across the board. Summary below:
Revenue for the third quarter grew 157.78% to $44.21 million from $17.15 million in the third quarter last year;
Electric Vehicle ("EV") Parts sales increased by 107.9% to $35.81 million as compared to $17.22 million in the second quarter of 2014;
Gross profit for the third quarter of 2014 increased 33.9% to $5,51 million, compared to $4.11 million for the same period last year;
The quarterly sales for the JV Company* was $46.8 million and net income was $4.4 million. Based on Kandi's 50% equity ownership in the JV Company, Kandi (KNDI) recorded $2.04 million net income (after tax and intra-entity elimination) in the third quarter of 2014;
The JV Company sold 1,950 EV products during the third quarter of 2014;
GAAP net income for the third quarter was $13.53 million, or $0.31 per fully diluted share, an increase of 274.3% from a net loss of $7.76 million, or ($0.21) per fully diluted share, from the third quarter of 2013;
Third quarter Non-GAAP adjusted net income** , which excludes stock award expense and change in the fair value of financial derivatives, was $5.37 million, or approximately $0.12 per fully diluted shares, a 716.5% increase from net loss of $0.87 million for the same period of 2013;
Working capital surplus was $108.1 million as of September 30, 2014, compared to a working capital deficit of $24.0 million as of September 30, 2013;
Cash, cash equivalents and restricted cash totaled $62.5 million as of September 30, 2014 compared to $12.8 million as of December 31, 2013.
it's coming...confirmed with IR it will be today......I recommend that you sell now if you are running out patience
Dave.....I thinking around 65m.... Art is tracking just over 40 million, I think that is way low but he does have history with KNDI. I hope its closer to your projection.
just passing the time, having a little fun....its called a sense of humor....
should I cover and go long.....to take advantage of this pop....or ...hehehehehehehehehe
LONDON (Reuters) -A landmark deal to give global investors easier access to China's $3.9 trillion stock market lifted world shares to their highest in over a month on Monday..........(nice timing, should only help KNDI this morning .................)
much anticipated earnings report...that report will highlight a massive increase in revenues, production etc...Bottomline: will be the best earnings report in the history of the freaking company. This will be followed on Wednesday by an investor conference that for the first time in recent history, will lay out the "plan" going forward............ If KNDI was not confident in their business model or earnings there would be no conference.
KNDI has an amazing growth story that all of you are familiar with ( China's pollution crisis, unyielding government support...subsides, tax exemptions, expanding car share program, unlimited Market (billion Chinese, etc....) the potential is unreal and I know of no other stock in the market at this current pps that has more potential to make you money. I think MF Rule Breaker "BUY" recommendation did a great job of highlighting this a few weeks ago.
The short thesis is simply......to instill fear in investors to sell. 80-90% of Shorts are currently under water.....their remaining hope is for KNDI to sell off after earnings like it has done in the past......and since they could not stop the current pps from rising over the last two weeks the narrative is the old "sell on news" BS.
What they fail to realize is the last two earnings reports were followed by secondary offers which factored heavily into the sell-off and there was no conference call/ forecast .....so this vacuum enabled them to inject misinformation/ attack articles to drive the pps down. All that being said, there will be people who secure profits after the initial spike tomorrow morning........however, KNDI has only closed lower then from where it opened only one time on earnings........I expect it will open much higher than where is closed on Friday.
Lastly, if the conference is successful....and KNDI's management is able to gain US Analyst support and more institutional buying, shorts will be forced to cover in mass and KNDI is over 30 by EOY