Finally, after a very long time, we are looking like the worst is behind us. Lets not fight amongst ourselves.
I looked into the supposed Cramer suggestion of buying DUNG and couldn't find anything. In fact, quite the opposite. Cramer suggested to avoid stocks like DUNG and YOKU and to buy indexes instead to avoid volatility in the sector.
I don't think that spreading false rumors helps anyone. The stock will climb based on the companies performance and hyping and pumping the stock on a message board will have little to no impact. It's just my opinion, but message boards are just a place to vent. I really don't see message boards moving stocks at all. Instead I think that they may serve a better purpose for sharing trading ideas and suggestions. Instead, we tend to use them to jab at one another. It's such a shame.
I don't think he likes it when people harass others on the message board. Both he and Gio are known for shorting. I do know that known is hugely successful and has uncanny timing. He will call his trades ahead of time. I followed some of them and got to make money ever time. He went short DUNG ahead of earnings when the stock was over $12 and didn't cover until it was $8.46 or thereabouts. Then he went long. He tells the board every move before he does it. This jfliss is a jerk IMO. He picks on gio for what purpose?
Besides, Jfliss posts that cramers said to buy DUNG and it's a lie. Who needs that? Know, for as weird as he is has values. Strange as it may seem.
It's nice to finally see our stock green for several days in a row. I saw the post about your calls and I hope that you're now able to make money on those calls. I don't mess with options other than writing covered calls. I'll write them once in a while when it looks like there's not much of a chance of getting called away.
KNDI was up huge and now it's down. YOKU is getting butchered and there's no reason for it; no news, nothing. DANG, KNDI and YOKU. What's up with that?
I can hardly believe the change in you since you decided to stop bashing the stock. Its very pleasant and I must say Thank You for making the adjustment. I don't know if it's purely coincidental or not, but our stock has done much better as well. lol.
I hardly post to the board. Moaning? I merely wanting to point out that IR does respond. That's all.
I have never written IR because of all the negativity on the board but decided to give it a try. I wrote and suggested that they issue a press release to support the stock price. I saw on the message board today that there was an article stating a 13% increase in online shopping in China and that this could be something relevant for a press release. The response I got was fast and it was short. I said simply:
"Thank you for your support and advice" and it was signed Sophia.
That's another thing about the SEC that I don't like. They got rid of the uptick rule and they don't enforce the rule against naked shorting. Many companies find that they have more shares sold than exist in the float. Overstock has been fighting this on the floor on Congress for over a decade and they don't care. Congress gets insider trading tips and bribes from hedge funds, so they're fine with the status quo.
Those and a dozen others. Some were down even more. I don't know what to make of these attacks. What do we pay the SEC billions a year to do? What an enormous waste of taxpayer money. I wonder what happens tomorrow. Virtually every Chinese stock I watch closed at the very low of the day. It's scary.
I read somewhere a long time ago that before a person gets into a trade that they should have a goal for that trade. They should have a price target for selling and a stop loss to sell. It's not that easy though unless you only trade one stock at a time. Also, if you did that, you'd miss runs like Priceline from $4 to $1,000.00
I mean, how would you feel if you bought Priceline at $4 and sold it for $8 only to watch it march up to $800 per share? It really is hard.
How do you know when to sell? That's what I'm finding out is that you can't buy and hold any more. I watch profits disappear and before you know it, I'm actually sitting on losses and wondering how I got into a mess.
For example, I bought some of this at $9.60 and thought it would turn around. It didn't. Another example of not selling when I should. I guess a guy needs to know when to sell both to lock in profits and to keep from losing too much. Selling is the hard part.
I can see why people advocate avoid buying Chinese stocks. They just get too painful to hold. As a buy and hold kind of investor, it just doesn't work. Sure, you have the exceptions, like BIDU but by and large, it's a losing proposition. The vast majority of them under perform the market and before you know it, the whole sector is under attack. We're seeing it again today. Who needs it? You buy stocks like Ford, General Electric, Starbucks, and so forth and you don't get this manipulation. If I had bought F or GE instead of DANG, I would have not only tripled or quadrupled my money during the same period of time, I'd have avoided all the pain of manipulation. I'm stuck in this now. But it is food for thought.
Hi Alfred. This is sure a disappointment. I thought we were on our way to high $9 area and $10, not mid $8 range again. I don't understand it either. The stock just busted through strong resistance at $9.25, closed at the high of the day and they just took us right back down as the Dow gained almost 200 points. As you already wrote, this stock will eventually turn us all into alcoholics.