Smart? The fact it doubled, tripled ... doesn't justify your gamble. You were lucky (and believe me I wish the best for you!) but it was still more gamble than a "smart" move
Well done! :-)
It's been funny to watch this ridiculous company on the border of steel and antiques industry ;-). Now, it's funny to watch its stock as well. Terrific story!
:-) Exactly! I can't understand that so many chinese bogus companies have been exposed as scam or fraud even though Nevada laws don't allow them to cheat like this ;-)
"Guaranteed" by an anonymous poster called "vette_999" who doesn't even have its own show at CNBC
You can still lose 100 % of your investment (or gamble) even if the price is around $0.50
As for Buchang IPO ... What do you think about the article you can google out with "Buchang Pharmaceuticals Receives US$5M from Navi Capital"? I mean it's from 2010-8-10 and states: It [Buchang Pharmaceuticals] plans to conduct IPO in the A-share market at the end of 2011 or in early 2012.
It's 2015 or 3 year late if you wish ...
Well, it also enjoyed its upswings a couple of times when oil looked to recover. Just don't expect it to copy oil.
If you want a security tightly connected to oil price, then you should better follow UCO.
DO, RIG ESV are also hovering around 0 % as of writing this ...
By the way, it makes sense for these stock not to react to oil price surge. Fundamentally, does it make a difference for these companies if the oil price is $45 or $50? I don't think so. At least in case of SDRL since the price is still below the breakeven levels for UDW drilling
It's called "game over", boys.
They've struggled to file their reports on time for a year or so. No wonder those chinese crooks think like "what if stopped doing so at all? well, we can go dark like others chinese crooks did, but the share price would hit $0.0001 or so ... then let's sell the shares first! bingo!"
"Selling and marketing expenses were RMB54.9 million (US$8.8 million) in the fourth quarter of 2014, as compared to RMB12.4 million in the prior year period. This increase was primarily due to the Company's marketing, commercialization and promotion efforts to drive new product adoption globally."
It would be interesting to know what companies were cashing on these "marketing, commercialization and promotion efforts". I guess they are owned by CEO or his family members. A typical chinese fraud scenario
The form says: "The sales decrease was a result of continuous pricing pressure and restrictive sales policies on generic products compared with the same period last year. The decrease was also a result of the relocation process of Company's manufacturing facility from the previous Longquan location to the new QLF site."
So the relocation itself is the reason number two for sales decrease. The reason number is "continuous pricing pressure and restrictive sales policies on generic products" which are nowhere close to vanish.
Really, I had to doublecheck the date of your post. It says year 2015 but looks like from 2012 when all the "positive moves" started. ;-) So far it's been 10+ quarters of pain