Looks like we have some leaks, down 10% and they haven't released earnings. I really don't need this after AUDC today ! ZACKS had IQNT as a sell #4 and I didn't listen, worst I paid for ZACKS and had the reports in front of me.
As I said in a message before the open AUDC will be in the sixes on a FLAT earnings report.
If you like the stock, and it is a good stock, it's time to hold for the longer term. Good Luck !
Joe that reminds me of a guote from one of your St. Louis boys !
"If you don't know where you are going, you might wind up someplace else."
what date is earnings? anybody cant seem to find it, thanks in advance
Click "My Portfolio" , highlite "investing" to click on "stocks", click "earnings dates" enter FENG.
I would tell you but you wouldn't learn where to find it.
Volume started the day a little high but has really slowed downthe last hour. I think this stock will "pop" up sometime today and continue tomorrow. There's is alot of lost ground to cover due to a rumor and panic selling in the Chinese stocks. Many of the Chinese stocks are not to be trusted but not all of them are that way.
Now is the time to get back in here!
I agree with you that FENG is going back up but I have learn the hard way about catching a falling knife. I took profits on some stocks this afternoon so I would have the dry powder to buy FENG AFTER the volume slows down, and that will signal that a base is forming and the selling is over and everybody that wants out is out.. Don't try to guess the bottom because you can't and you will miss some small gains on the way back up but that is far better then that "falling knife". Watch the volume, get back in after it slows to almost normal. Good Luck !
This is a buy and you know it.
I think you are right on ! There are no FACTS to back up the sell-off just RUMORS and emotions that the Shorts play on. I just sold and took profits on some very good stocks to buy more FENG. It's hard to not be greedy and take profits and it's hard to buy when everybody else is panic selling except for the shorts.
Zacks had FENG rated as #3 neutral last week. Zacks rates stocks on FACTS not rumors ! Don't PANIC sell or you will lose that's what "shorts" want you to do.
It's Saturday morning so I decided to do a little surfing on the internet for the best selling toys overseas in the biggest markets to see where LF ranks. I think alot of people are in for a big surprise if they think because LF products in the U.S. are not ranked as high as last year that revenues and earnings will be flat. Ranking in overseas markets are almost always in the top ten on their list of best sellers and sometimes it's more than one LF product. It kinda makes to think, are those overseas markets new to LF products after the great run last year in the U.S. or do those countries put more importance on education and learning toys than we do !
This is the last week before earnings and I hope the PPS stays flat in which case I will add a few shares. I'am sure there will be some shorting games played after earnings but I still think with all the good press and overseas sales, the revenues and earnings will be there and the odds are better to make money than to lose money in the long run.
You may be right except about the big trades, stock is up a little on no volume, looks like it's not a big deal.
but I do not really understand the implications.. I am just relieved it is not fraud.. always a concern with a Chinese company.. . Less
You would think 200M won't make much of a difference but it may be more than that. There are some good Chinese stocks and some really BAD ones like VALV where there "great numbers don't match what the PPS is. If we see downgrades from the people that understand this we will know this is a bad deal which I just have a gut feeling it is.
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Bonds mentioned herein have not been, and will not be, registered under the Securities Act, and may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements of the Securities Act. No public offering of the Bonds will be made in the United States.
I don't know much about about this type of "bonds offering" but it doesn't look good for U.S. shareholder interest to me. Anybody understand what effect this has on shareholder value in the U.S.
Last 2 days the PPS range was 13.31 to 10.68 with no reason or statment why, but on heavy volume. What's going on ? Insider trade, stock offering, poor estimated earnings, downgrade ?
now what could have happened since the report that wasn't in it?
LAWSUIT ? RECALL ? A Huge stock offering ? Reverse Split ?
On the good side the earnings, revenue and Guidance were great ! The numbers are great 0.98 PEG, low PE when you factor in growth as the PEG shows.
On the bad side the stock open down on thur. and on a % basis loss alot of ground with insider trades in a matter of seconds. Some body KNOWS SOMETHING AND THEY TRADED ON IT leaving us holding the bag !
With no news and no trading allowed this can't be good or the PPS would have soared. Check the SEC filings after the close today. Good Luck !