You want to believe the KNDI story, but today's action was a slap in the face. That line tells it all. The KNDI story is not about the action on any given day. It is about the cumulative action of several hundred days. If you continue to buy like a momentum player while believing you are a true long, you will be increasingly frustrated and less than prosperous. If you truly believe the KNDI story then hold the stock you have. If you want more stock, buy on dips. There are a lot of dips. Today was probably a fund or institution making a purchase. You can't buy very many shares of KNDI without driving up the price. Lot's of people jumped on board when they saw the spike with volume. When the volume died a lot of the gain was given back. This happens fairly often. If it follows the usual routine we will give up more ground on Monday. If you like to trade in your long positions then sell on a day like today when it spikes without news then buy back a few days later. Just don't trade more than 10-15% of your position because one day it will just keep going up and continue up for several days for a major gain. G'luck.
I own 5 stocks that are outperforming KNDI today. None of them have done as well as KNDI over the past year. Have you decided yet whether you are a trader of investor?....... important decision to make and live by.
Yeah, I love that gary thinks a meaningless comparison between cars sold by TSLA to cars sold by KNDI constitutes the "bottom line". He frequently uses catch phrases that he doesn't comprehend. Pointing that out to him is a waste of time but it doesn't mean I can't enjoy his demonstrations of ignorance. I read his posts whenever I can just for the comic relief.
Keep it in perspective. Walgreen has never suggested they will do an inversion. It's large bank shareholders pushing for the value it would create. At the same time Walgreens will do whatever is best for the company and it's shareholders. Certainly customer backlash over avoiding U.S. taxes would be part of their consideration. If the U.S. wants to keep it's large taxpayers, they may need to be a bit more competitive on tax rates. Walgreens could lose a lot of customers and still come out ahead by moving headquarters to Switzerland.
You need to do a little work on your fact finding. You say every other reverse merger Chinese stock has delisted. CALI and GPRC are reverse merger stocks still listed and there are others. I bring up those two because they are the primary stocks manipulated by S. Paul Kelly, Shawn Becker, Roger Lockhart and George Tazbaz. The nationalities of these manipulators are Canadian and American, so why are you badmouthing China over it? These guys have been charged and all but one has agreed to pay back their illegal gains in these stocks as well as KNDI stock. That's what the investigation by the SEC was about. They were nailing these guys for illegal trading and price manipulation. Maybe you have the facts a little screwed up because you use Sharesleuth as a source instead of going straight to the SEC. Sharsleuth is not exactly an uninterested party seeking out the truth. Nonetheless, to some degree I share your concern about KNDI, since KNDI is alleged to have secretly met with these paid pumpers and given them large numbers of shares at no cost other than an agreement to pump the company and drive up the share price. This was in 2010 and is not relevant to KNDI's outlook today which is very good indeed. KNDI will be a leader in putting EV's on the streets of China's large cities and will make a lot of money doing so. None of the manipulation of KNDI stock occurred during the move from under $2 to over $22 per share between 2011 and 2014.
When you look up at the sun and this fireball 93 million miles away is so bright you squint and look away, do you need a list of key statistics to realize how powerful it is? The story comes first. The statistics will fall in line over time.
If you take that 238% growth and assume they continue that rate of growth for a year you get north of 500,000 vehicles sold in q2 2015. I'm not predicting that. It's just that 238% growth is great, and phenomenal if sustainable.
Interesting comment. It makes sense, but I'm busting my brain trying to think of a reputable U.S. Firm.
Yeah, it hit the high for the day about a minute before the close. Tomorrow it has a good chance of running higher.
You have been listening to extremists and politicians. Inversion does not change their tax status on U.S. operations. They continue to pay the same taxes. They just won't pay the U.S. for earnings on their European acquisition. Boots does their business in mostly in Europe, and a little in Asia. Why should Walgreens pay taxes to the U.S. for the business done overseas, which will be taxed in Switzerland?
Since there is only 16 days left in Walgreens FY 2014, you are probably right that we won't see the $70's again in that time frame. You do realize that FY 2016 begins in just over 12 months. The company's eps estimate for 2016 is $4.25-$4.60. They just raised the dividend by 7%. I think a share price of $80 in 12 months is in the bag. That represents a return of about 30% over the next year, not counting the dividends. I fully expect you to ignore the facts and stay on the sideline.
Fortunately, I can do math. KNDI closing stock price on 6-1-11 was $1.81. 6-1-12 was $3.09 (up 70% in a year). 6-3-13 was $5.62 (up 81%). 6-2-14 was $11.75 (up 109%). Anyone out there detect a trend? And the bashers want to talk about our losses! Apparently, there are a lot of mathematically challenged people in this world. That's pretty sad.
To be best of my knowledge the SEC provides the only "protection" to shareholders. As long as WAG is listed on the NYSE or any other U.S. exchange they will still be subject to the scrutiny of the SEC. The big banks and others interested in WAG moving to Switzerland are shareowners also. If you add up the shares of WAG management and board of directors, and add those of several large financial institutions you will realize that independent shareholders of WAG have little clout in influencing this type of decision.
Savvy investors realize that WAG is becoming a much larger company with the purchase of Alliance Boots and a more profitable company as margins are better in Boots pharmacies and improving at Walgreens and Boots pharmacies with the Amerisource deal. $130Billion in revenues in 2016 is realistic and may be an understatement. Estimate for 2016 will show up soon after the end of fiscal year 8-31-14. People need to get on board now or be left behind.
Hu is a brilliant engineer. He is a hard nosed businessman and CEO. He is a powerful, politically connected Chinese citizen. KNDI would not exist without him. He hasn't made any mistakes that can't be rectified.
I'm a little closer to bigjohn on this. It's true the bashers are not interested in the long point of view, but failing to call them out on certain blatant lies can be paramount to accepting their point of view, especially from the vantage point of an unsophisticated investor. I realize when I respond to these guys I am putting their post and headline to the top of the board, but they will find a way to accomplish that anyway. There are other reasons for engaging them also. Sometimes by questioning their facts you find out how much they actually know. I get useful information sometimes from even the most absurd of bashers. If I wanted a bash free and honest board I would limit myself to the private board. I have never joined the private board though because I find enough information on my own to keep me interested and long and because I think it's dangerous to put too much faith in a company or a group of posters. As irritating as the bashers are at times, they do provide a sort of balance and keep me on my toes. I prefer that.