The news is that SEC is trying to get $1.41 billion damages from the Wyly brothers for trading their own stocks incognito from offshore accounts. But this happens every day with many stocks including GURE. They recycle and manipulate the stock by trading it among themselves using offshore accounts. Anyone who has been around long enough knows about offshore price manipulation, especially small cap stocks, but SEC goes only after the big fish and seldom any of these criminals go to jail. I suspect at least three of my Chinese stocks being subject to this type of criminal manipulation,
I only got partial fill of 1874 shares. You must remember that the price fell by 10 cents on around 6800 volume and 13 cents on total of little over 14,000 volume. So there were no sizeable stop losses they could trigger. They may try again on Monday and take it even lower. You should sell if you are scared and buy if you have faith in good earnings results.
jshpst, you are now using advanced logic, even too advanced for me who likes logic, and this presumes that the CEO operates according to the same logical precepts. But what if he does not have a very logical mind and if he does he is using it masterfully to confuse you. You never know which is which and that is the beauty of being logically illogical. When you logically expect certain actions he does the opposite which appears illogical. But is it? Now I got myself confused. It must be all the libation celebrating the PNBK's spike :) Have a nice weekend and sober dreams. I think I will sleep with my rabbit foot tonight.
which is scheduled for August 21. Why don't take this down for now and let us pick up some more cheap .shares. Those who were going to sell have already sold and the only way they can buy more shares is to scare a few people into selling.
jshpst, if you are waiting for a very high volume you are missing the supply train to the frontline while the CEO quietly recovers his lost territory. In my opinion, 200-300 constitutes high volume between now and just before the time of the Q-report. The CEO is determined to push forward and defend the price and I am following him step by step. Of course, I could be wrong and I have been wrong many times before and lost in the heat of the battle but somehow I always get lucky and escape intact. Perhaps I shouldn't report from the field but for now I am clenching my rabbit foot and pushing forward.
As an eyewitness reporting from the field, my account is based on direct observation and you can keep abreast of the developments by just following my report. I call it as I see it and what I see now is that the CEO is consolidating his position perhaps strengthening his defenses in defending the price or maybe even preparing for an attack
We have scant information and little information about the newly acquired company which has also resulted in the name change. But from what I can ascertain this is supposed to be a profitable venture and most likely a trend in investing in multiple areas rather than the hog business. I expect OINK earnings to look good and the new company is supposed to be already profitable this year. These guys paid between $2.00 to $2.40 per share to take a stake in the company and their deal prices OINK shares at around $3.00. They now basically run the company and are executing their plan of diversification. Personally I don't like these developments but I can see the reasoning behind it and it may turn out to be a very profitable strategy. I will decide what to do with my position after the earnings. Most likely I will significantly reduce the size mainly because despite the greater potential, the risk as well as the time factors have also changed and I no longer expect a merger/buyout very soon.
I don't like the change either and we could certainly use more information. But recent trading is pre-earnings downward push which I had expected. I added shares below $1.90.
As I had indicated several times, I was expecting this breakthrough and also a merger/buyout. I took out hefty profits yesterday. Even without a merger/buyout, we are looking at very good prospects with all the insiders having bought shares during last 8 months and for now I shall hold my remaining shares.
There will not be much of short squeeze. The sell off was not a short play. But if their Q Report meets their guidance we will be in a good shape.
A Pig that could Fly. No longer shall you hear the sweet OINK-OINK songs accompanied by a ringing cash register; or dream of an OINK Burger. Sad to see our prized OINK being slaughtered.
I didn't get to buy back all the shares I sold at over $3.00 during the last spike, but I sill hold a sizeable position and getting ready to unload before and after the earnings depending on how it trades.
The name change according to SEC filing is changing Tianli Agritech, Inc., to Aoxin Tianli Group, Inc. and the symbol to ABAC. Sad to see the wonderful symbol OINK disappear.