Exactly, China is a communist country that has has no faith in God, it's their nature to lie cheat & steal. Always short Chinese stocks.
Never go long on JKS sh....t, always short it when it gets above $30. Way over value even at $25. JKS is at best a $15 stock. Glta...
Credit Suisse Downgrades Lumber Liquidators (LL) to Neutral
Jefferies downgraded Lumber Liquidators (NYSE: LL) from Buy to Hold with a price target of $57.00 (from $115.00) on weak preliminary Q2 results and outlook.
Analyst Daniel Binder said, "We don’t like downgrading stock after a big dip, but the rating change reflects some big hits to core assumptions. Q2 was much worse than expected and guidance may prove to still be too optimistic for 2H. Further, we saw a reduction in store growth, explanations for the precipitous fall off in business were thin and arguing for a premium to the growth rate is out of the question at this juncture."
The firm cut Q2 EPS from $0.85 to $0.59, FY 2014 EPS from $3.34 to $2.70 and FY 2015 EPS from $4.40 to $3.20.
“Customer traffic to our stores was significantly weaker than we expected, particularly in geographic areas severely impacted by the unusually harsh weather in the first quarter,” said Lumber Liquidators Chief Executive Robert Lynch in a statement.”
“The improvement in customer demand we experienced beginning in mid-March did not carry into May, and June weakened further,” he said.
CEO is the shorts best friend.. Lol See u at $30
Revenue passenger miles were flat Y/Y, while available seat miles increased 0.8%. The airline's consolidated load factor fell 0.6 points to 87.1%.
The performance looks to lag industry averages for June, but is ahead of UAL's previous expectation, and shares are up 6.1% in after-hours trade.
"However, they remain fully committed to doing so as soon as legally possible." That's the problem , they well never be able to, for NQ is a fraud, a scam. PERIOD.
I even went long, just a 1000 shares. God for bid I must need my head examine. Lol
How that buying the dips working out longs? LOl....Any of u have any money left to buy the dips? Hell no all of u are brook. Fools! Seeu at $2
NQ’s July 3rd announcement vindicates short sellers, but was likely delayed in order to give China side insiders a chance to illegally dump stock. The announcement also puts lipstick on the state of NQ’s doomed audit. Only hours before the long July 4th holiday weekend began, NQ announced that Ms. Ying Han, who was the chairwoman of its audit committee, had resigned from the board. NQ also announced that PwC Zhongtian (“PWC”), whose audit opinion was already more than two months late, had requested a broader audit scope. While both admissions are hugely vindicating for short sellers of NQ, we strongly suspect that:
◾NQ deliberately held back both admissions so that NQ China insiders and their proxies could illegally dump more shares at existing shareholders’ expense, and
◾NQ is again misrepresenting the true state of its audit and relationship with PwC Zhongtian (“PwC”). NQ’s prior statements and actions make clear that it has understood for some time that PwC will never issue an unqualified audit opinion for 2013. The language about PwC requesting a larger audit scope is a misrepresentation designed to keep the passengers on the sinking NQ ship (so that NQ insiders can keep the lifeboats for themselves).
We believe that by June 25th a) Ms. Han had already informed NQ she was resigning, and b) NQ had accepted that PwC will never issue an unqualified audit opinion. In delaying the day of reckoning by at least a week, NQ likely provided an opportunity for insiders to dump shares.
Anyone who owns shares in this pos is a moron... And there are a lot of morons on this MB...
Sentiment: Strong Sell
What is there to defend ? It's time to jump ship & save what little you have left in this scam...
Out of the original $35 million share buy back, announce 8 months ago, NQ spent $8 million of investors money, which is about 400,00 shares. Lie # 2 Management also promise to buy back $3 million of NQ shares, as of today management has bought back ZERO shares. Face it NQ management are pathological liars