Guys, don't you know this is a scam? I read it many times on this board. tgn please tell them what's going on here. The company says Yao will buy 650,000 shares soon.
You can't invest with your emotions and trading produces negative results for 95% of the investors who try. Buy and hold produces the best results.
I emailed the company and ask if they were registered on another stock exchange. I got no reply. AMCO's competitors carry a pe of 10.
It's hard to get excited about a loss for the quarter, but one has to put this in perspective. AMCO like most Chinese companies, were celebrating the new year. This is the bad quarter for them! The improvement for them is immense.
If you look at insider buy verses sells, one would find 3 insiders bought verses one sell.
If it wasn't disgusting it would be funny. Bill Gross is giving away his fortune to Africans after he screwed up millions of American's saving during the financial crisses. I trusted PIMCO with a muny bond fund and these idiots couldn't even do that right. His literature said there would be problems which I already figured out before hand, and they ran it lilke there was no problem. Give me my money back Bill
I wonder if the 5 million trade day was created by day traders. It seems suspect since the news that could have caused this kind of volume was released a day before. I saw a .10 drop in the price from a volume of less than 1000 shares. How are the short interest figures computed? It just doesn't add up.
That is my take on this company also except I don't believe its over. The world economies are being stimulated here and amco should benefit. The question remains whether these short term receivables are with credit quality companies. It appear to me that amco can make a lot more sales with credit. Do you really believe that they would purposely make credit to companies who wouldn't pay back? There is also the Chinese bank they borrow from that may look at this too. This is the risk, though.
Good for you! Maybe your on to something. I suspect that that strategy will end soon and it will go way below book like it always has done. Looking forward, I see poor earnings. What good is book if you can't make any money on it? Part of book is account receivables and that is dependent on others. The inventory issue could become Hugh, that is also dependent on others. Good Luck with your trades!
tgn2166 there are little short sales so why would someone who just bought sell their stock for a loss especially since the fundamental are improving. It just doesn't add up. The only explanation is that the specialist has a hand in this. What is your take?
I think the stock is manipulated. If investors decide not to give up or trade it will head higher. The fundamental are there. Insiders could have bought yesterday.