When everyone was screaming it will go to $4 last week I said it will go to $3 first and it's a buy at 3.20. The stock fell to 3.24 Monday am and I bought more at that point. So who was was closer to what will happen, those that were 74 cents off or he who was 4 cents off his buy target. You'll learn, just watch.
As usual. No volume, no interest. Even though they presented a very good quarterly on Friday the volume is low a day later. That is the problem with XIN, large blocks that are sold into this environment drive the stock down substantially - liquidity problems, Tom Gurnee pointed that out 2 years ago and the stock still suffers from this problem.
It'll be $4 and I am siting on 10+k shares now, fool. You just don't get it. You can calculate these numbers based on their net margin and guidance for full year revenue, not rocket science really. The revenue numbers were actually on the low side based on guidance, Q4 should be around 400k revenue if the topline is supposed to increase by 30% over 2014. Just don't work your wiener too much, it is not good for your health (I am sure your grandma told you that already).
Fri the 13th, be scared!
And today is one of those days where you can clearly see the pattern. Large blocks sold into otherwise non-existing volume. Those are the larger holders eliminating their positions. Some of these holdings may have been to hedge shorts on the position or Chinese RE related positions in general, and now that China is improving those positions are being sold (because the shorts positions are being closed out).
that's what it's going to be. So far, Wallstreet does not care about the additional project in NY - and the stock is drifting lower on low volume days as it did in the past. If Renaissance Technologies sell their holding at this low volume we will get back below $3 no matter what the earnings are.