venetian, are you noticing the extraordinary option volume? I mean there is decent volume out to May, and remember, with May 17 you get two earnings reports so the time decay would not seem to mean as much if you follow me. Look at the volume for April with the 17's with a bid ask of .90-1.10. Heck, they is even sizeable volume on the 18's and 19's. Wowowowow
Actually I have whittled down to 14000 shares myself but have increased my option buying with about 80 contracts scattered all around. I did buy more options today after it spiked then retracted. The same with SFUN.
Great, I have read it twice too but was even going to read it a third time to be sure. I have a bid out there for 4000 shares below the market a bit. I may add on Monday even, but here are some key elements from the CC:...... "There were a couple of reasons for this. Firstly, much of the primary pipeline we expected to be realized in Q3 was delayed, meaning we won't be able to recognize that revenue until Q4 and in some cases later than that. This was essentially an administrative issue between the buyers and developers, and while it's unfortunate, it doesn't change the fact that we have a very strong primary pipeline for the next several quarters. ..........Alongside this, our primary business is still very strong, and we expect it will continue to be a key revenue contributor. With the worst of the market instability behind us, we're looking forward to a solid finish to 2013 and a marked improvement in our performance from next year onwards."
Will be interesting to see how the market reacts to the earnings news. Buy on the sizzle sell on the steak? I sure hope not. One thing I am very confident about, they will beat the numbers handily. I now also like the fact that they do not call the next Q but will only give a revenue forecast for the balance of the year. I would not surprised to see some new PT's at 20 this time around.
few, I cannot believe you mentioned this company. It is the only other pure transactional company like EJ that is US listed. I was just about to post something from their last CC. I think it is extremely pertinent. I plan on buying the shares either today or Monday before they report on Tuesday. If you want, go to their last CC where they noted they deferred some revenue to March and beyond. When I get to it I will post it here. I think we are due for an upside surprise if not this Q then the one after for sure.
Here is what matters...................The property sector led the gaining trend as Qi Ji, vice housing and urban-rural development minister explained the two-way property market control policy on Thursday during a panel discussion of the ongoing session of the Chinese People's Political Consultative Conference.
The policy aims to strengthen supply and contain speculation for first-tier cities while destocking cities with excessive supply of housing, echoing the idea of differential real estate management for different cities mentioned in Wednesday' government work report.
No news is good news. The limited touch on property market control boosted market confidence in the real estate sector. China's largest developer, Vanke, gained 8.28 percent to reach 7.32 yuan per share, while another property giant, Poly, grew 5.41 percent to reach 7.01 yuan per share.
Property shares gave a boost to the market as the central government work report for 2014 says China will vary property regulations for different cities and increase housing supply to damp speculative demand and promote healthy development of the real estate sector.
The wording "is much softer in this year's report, signaling a loosening of government control over the sector," Yi Huaqiang, analyst with Huarong Securities, said in a report yesterday.
The government was urged to build a housing control system in last year's report.
"Meanwhile, promoting urbanization remains the priority for the government work this year. That would help boost home demand," Yi said.
The central government says it will conduct "a people-centered urbanization" which aims to offer urban homes to 100 million rural residents who have moved to cities.
The government at their big policy meeting did not put their foot on the necks of real estate, therefore off to the races
Save China’s stock index rose for the first time in three days, led by developers, amid speculation the government won’t step up property curbs anytime soon.
China Vanke Co. (000002), the nation’s biggest listed real-estate developer, climbed 8.3 percent while Poly Real Estate Group Co. rose 5.4 percent.
Government officials speaking at the National People’s Congress in Beijing described the housing market in most cities as stable and said it will get long-term support from urbanization, without specifying new measures to curb demand. The benchmark index dropped 1.1 percent earlier after Lou said economic growth as low as 7.2 percent would be acceptable to policy makers.
“Further real-estate tightening policy won’t be announced in the near term,” said Wang Weijun, a strategist at Zheshang Securities Co. in Shanghai. “Developers are good investment targets as earnings are expected to increase and valuations are low. The overall market is still facing downward pressure.”
China’s housing market won’t see an “overall collapse” in the next 10 years because of demand from urbanization, Qiu Baoxing, the vice housing minister, said in Beijing today.
The Shanghai Composite’s property index surged 2.3 percent today, the most among the five industry groups. It climbed the most since Jan. 22.
Poly Real Estate, the nation’s second-biggest developer by market value, jumped to 7.01 yuan, rallying the most in six weeks to reverse early losses. Vanke, the largest, surged 8.3 percent to 7.32 yuan. The company reported a net income of 15.1 billion yuan ($2.47 billion) for 2013 after the market closed today. That trailed the average estimate of 15.4 billion yuan in a Bloomberg survey.
I mean, geez, talk about overdue. Their margins are 81%. This company is like our FED, they PRINT MONEY. All they do is RAKE IT IN. Costs are next to nothing. I am wondering why their PE is so friggin low.
I bought 20 March 12's and 25 May 13's. Adding to another May position on the 11's. Paid alot for them mid day yesterday but I think the volume is telling us a story.
Boy that is an understatement. Ginormous option volume. Tried grabbing some May's but they got away from me, may chase and grab anyway. You get two earnings reports by the time May 17 comes around. JUMP IN.
SFUN got another upgrade this week. I remember last Q the Goldman analyst, who is extremely conservative, came out and upgraded EJ two or three days before the earnings release. Let's see if she does it again.
should have waited an hour. Huge volume today. I see on Yahoo estimates they got another upgrade in the past 7 days. Not sure from whom though.