Well low volume and price up today. I haven't been watching the trading, is it possible there was accumulation the last few days?
Haven't had time to watch. Just checking in periodically and reviewing at the end of the day. Volume is up which is nice. I think we could see close to $3 soon.
Much better than last year. I didn't pick up any additional shares although probably should have. I don't have any faith that there will be much of a pop in the short term so I didn't buy any. Guessing we hover around $2. But I would welcome being wrong since I do have a fair amount of shares.
Glad I didn't pick up any shares of Netlist. But missed CCCL by hoping for the $0.80 range.
That's right. Any new addition to the sphere of influence will have to pay higher than the ones that have been there for a while.
Not much covering yet. Only about 20k shares yesterday and again today were short volume and not all of that was covering. I would say that since it bottomed only about 40k shares have been short volume.
I haven't been following Netlist much for the last couple of months. What do you think about earnings? I am guessing they are ok with a small chance of an upside surprise.
Around 30% of the volume was short related. Up a little from where its been but seems most of the volume was good old fashioned buying. I take that as a positive.
If these go much lower and as I tell my wife, There's always prostitution. For me of course ;)
I think you're right about the potential causes for the current conditions. However, I think it begins with the Big 4. Following great earnings reports for the 4th Q 13, I couldn't figure out why the rallies weren't better and why the trading behavior had changed so much. This was the time when the suspensions were threatened and began. There was a lot of lag between now and then and many other events and movements are occurring. To me the Big 4 suspension is largely symbolic of US and China relations. I agree though that it may be worked out before end of year.
Larger market fears of a correction have also likely steered investors away from speculative names like these.
Soon enough though they will be back and soaring higher. China is too big, with too many people, and too much money not to mature and present opportunity for investment.
I know you asked Trade. But IMO most retail investors have been scared away from most US listed Chinese stocks. The few remaining retailers don't hold enough sway to account for significant price movements. That leaves these stocks open to small groups of investors that have enough capital to move them. I believe that some of these small investor groups have at least partially been responsible for scaring retailers away. And many are on the short side only. They short it down. The big players are probably out quickly and the smaller players stick around as long as they think they can. Some may be short then change to long. Whether today is only the result of shorts taking profit or investors going long will be apparent so enough.
IMO as long as the Big 4 are suspended the shorts will be in charge. I think that this is true for most US listed chinese stocks regardless of whether they use the Big 4 or not.
I'll take a look at TNXP. You ever have your call with Investors Relations?
Hope backpacking was fun. Best to have not witnessed that last week in the market.
We'll see if they bring it back down to $1.80ish before the report. I am guessing that the numbers will be good and hopefully we will see a rally in this one. So far 0 for 2 between PME and GURE. Patience is the game right now. And re-positioning to get ultra low prices where available.
True that GURE does not use the Big 4 and that GURE does use a reputable institute. However, IMO all of the US listed chinese stocks are affected by the Big 4 suspension. In 2013 a great earnings report for a US listed Chinese stock typically resulted in a multiple day rally to higher prices. In 2014 following the threat of suspension of the Big 4 the rallys became smaller, less sustained, and didn't last as long. There were other issues at around this same time too. Like renewed interest by organized shorts.