shorts as they cover around 10 dollars. Look at the Market cap. IT is extremely low. Doubling the shares at 8 dollars to let the shorts off the hook. This could go much higher if they try to cover a little at a time. They have made a killing right here. Longs could grab a quick 150%.
did you get to greedy with the sort? Take your money from the short you have left/
The stock is up 300% and it is costing them money to hold. Don't try to justify giving good winnings up. The stock is still cheap and you best learn how to cover before you learn the hard way. Your shorts will be worthless paper before you know it.
India's stock market continues to cast its vote of approval after Narendra Modi and his pro-business Bharatiya Janata Party triumphed in an epic vote in the world's largest democracy.
The new government is expected to invest massively in roads, utilities, sewage treatment, rail and air transportation, education, health care and manufacturing, says Surendra Kaushik, professor of finance at Pace University's Lubin School of Business in New York.
"The financial sector, including banks, insurance, equity and bond markets — all will see liberalization and competition to make finance available for all those infrastructure projects," Kaushik said in an email. "There is no bigger and more important market opening in the world than India."
India's stock market has rallied despite cuts in earnings outlooks, indicating that investors are optimistic for recovery in fundamentals, Credit Suisse research analysts Neelkanth Mishra and Ravi Shankar wrote in a report released Monday.
"Given the strength of the (election results) and the series of announcements now likely to come from the government, this increase in (price-earnings) multiples is likely to sustain," Mishra and Shankar wrote. "This environment of fund flows may or may not last forever, but with quantitative easing expected in Europe starting in June and central banks likely to stay accommodative for a while, chances are that a reversal is unlikely soon."
Economic reforms will take years to influence earnings, they added. But inflow into India's stock market will likely remain healthy, given that stocks are trading near 10-year average price-earnings multiples and falling U.S. bond yields make emerging-market bonds more attractive.
India is economist Harry Dent's top pick in emerging markets. "But only after a likely global crash ahead," Dent, founder of Dent Research in Delray Beach, Fla., said in an email. "India's market has been hot, but it's getting late in this (more than) five-year bull market."
Since only a third of India's population lives in urban areas — compared with China, which is 53% urbanized and overbuilt with housing and infrastructure — India has more potential to grow for at least five decades, Dent says. Countries typically plateau at 80% urbanization. Dent forecasts that India will be home to the world's largest population by 2100 and a rapidly growing workforce until at least 2060.
cover shorty. With that growth they could have put out a lot of press on orders and sales. They are expecting sales with the battery order. YOU will burn
nice trade , that was a real head fake from the shorts. The stock falls back and then rallies to almost 13 dollars.
Last years performance was enhanced by Electric Vehicles (EVs) selling 4,694 for 46,619,203 dollars in revenues . Supply agreements are 5 times greater with LISHER in 2014. In 2013, our EV products experienced an increase in revenue of $27,584,267 or 144.9%, a 19.9% increase in unit sales, and a 104.3% increase in the average unit price compared to fiscal year 2012. In the fourth quarter, the EV revenues increased $26,382,915, or 193.7% compared to the same period of 2012. The unit sales grew by 27.2% and the average unit price increased by 130.9% . The significant increase was mainly attributable to the newly added EV model - Kandi Brand SMA7000BEV, a five-door & five-seat vehicle and SMA7001BEV, an improved model of electric vehicle, are both sold at a much higher price. The increasing sales were driven by the Hangzhou Public EV Sharing System (the "Carshare Project"). EVs were about 1/2 the revenue last year. In 2013, the Company recorded $21,742,528 gross profit, increased 68.6% from 2012, primarily due to the increase of revenue. The Company recorded a net loss of ($21,140,723) in 2013 compared to a net income of $6,049,479 in 2012, primarily due to a special charge in the amount of ($16,647,283) in 2013, If the EV side grows 500% next year and fulfills the battery order this will be a windfall.