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China Gerui Advanced Materials Group Ltd. Message Board

frankray.9785 6 posts  |  Last Activity: May 21, 2014 1:53 PM Member since: Jun 20, 2011
  • frankray.9785 by frankray.9785 May 21, 2014 1:53 PM Flag

    I will be buying 20k shares between today and tomorrow.

    Sentiment: Hold

  • frankray.9785 by frankray.9785 May 21, 2014 1:52 PM Flag

    Monday they will resume the buyback when the quiet period is over. absolutely!!!

    Sentiment: Hold

  • frankray.9785 by frankray.9785 May 20, 2014 2:48 PM Flag

    back shares in a few days. They are still in a quiet period right after the CC.

    Sentiment: Hold

  • Reply to

    Added 10,000 Shares

    by tradelogic2001 May 16, 2014 10:06 AM
    frankray.9785 frankray.9785 May 16, 2014 5:50 PM Flag

    There were two typos in my prior post, in away, not is away, and wait it out, not wait it.

    Sentiment: Hold

  • Reply to

    Added 10,000 Shares

    by tradelogic2001 May 16, 2014 10:06 AM
    frankray.9785 frankray.9785 May 16, 2014 4:00 PM Flag

    Purchased 15k shares in the .73 to .75 range today. I am expecting them to at least re-start their buyback a few days after the ER CC. MY hopes are riding on regaining better pricing and exiting the year with new products and being profitable for Q4.

    Note, the LIWA FIASCO DOES NOT HELP BUT IT MAY IS AWAY AFFIRM THAT CHOP IS A LEGIT COMPANY STUCK IN A DOWN CYCLE IN THE STEEL INDUSTRY. CHOP HAS TO BE ABLE TO WAIT IT AND WATCH THEIR DOLLARS........

    Sentiment: Hold

  • frankray.9785 by frankray.9785 May 9, 2014 11:23 AM Flag

    I would be surprised if they don't re-start their buyback shortly after the CC. Today looking to buy 13k shares at 72 cents.
    In regards to their guidance of 180 milllion; I would say they would not commit the faux pas again of later cutting the guidance materially when in fact they knew they were not going to hit that number the day they reiterated that gudiance.

    The steel industry is cyclical and will come back with better pricing eventually, the big question is when. I feel that the last quarter of huge losses for the China domestic steel industry is at a point where it only has to go up. Overcpacity and debt laden industry that the steel industry is in China dictates that closing and cutting capacity along with air and land pollution advocates will all play a part in having an effect on better pricing.

    There also should be consolidation of this industry which will effect better pricing of iron ore which will help the gross margin for the steel companies.......

    Sentiment: Buy

CHOP
0.620.00(+0.27%)Jul 31 3:36 PMEDT

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