Chinese stocks are coming back. Even my ABAT stock reached above $1 today. ABAT and AOBI are both companies have great value. From my analysis, the market cap. of ABAT at $.2 was 10 times lower than its assets. It had trouble in the auditing processing, but the CEO gave words to the shareholders evey year. He said the patient shareholders would be rewarded. Looks like the shareholders of ABAT are rewarded.
The market cap ($5 million) of AOBI at $.1 is 50 times lower than its hard assets ($250 million). The Beijing buildings are worth more than $100 million alone. Let's hope patient investors of AOBI will be rewarded one day also. I am taking some profit of ABAT and buying 10000 shares of AOBI at $.12 today. The shares are trading under $.12, but my order didn't fill. Looks like someone is playing some trick here.
I thought I might loss the buy opportunity to buy under $3. Well, I loaded 6000 shares today from $2.86 to $2.94 today. My total hodings of AOBI is 8000 shares. My target is to accumulate 100k before Aug/2014. I expect SEED's corn seed to be approved before Oct/2014. Good luck to all.
Almost all Chinese stocks without financial audit problem have been up new year high recently. The time for Chinese stock recovery is here. Unfortunately, there is no chance for AOBI to participate the rally since the management decided to go dark. If AOBI's management did righteousness way, AOBI should be back above $1 or higher now. It is too sad our shareholders need to wait another 2 to 3 years to recover our loss. But I am confidence AOBI will recover in 2 to 3 years..
What Chinese University of Agriculture president said is the main reason why to buy SEED this year.
AOBI has a lot of value and everybody knows this. If people think the management is robbing the small shareholders by offering $.5 for a fraction share, why the stock is selling at such low price? The management is taking advantage of current low trading price to let the company to go dark to reduce total number of shares. Why don't people buy at current price? If you stand from this position to look at going dark, it might be a good choice.Because of the asset, I am going to hold the stock, not to sell at such a low price.
Yes, SEED is just like a biotech stock. It has few type of genetic seeds in the processing of approval stage (as a biotech company having few drugs for approval). At least, SEED has one type of seed will be approved this year due to Chinese government policy to focus to improve agriculture area in 2014. The stock could sky rocket if it got approved since SEED has very low float. Thus, I built a small position now and I will buy when the stock is in weakness in future.
Good luck to all longs!
The valuation of the 14 shares will depend on the trading price. Since there will be only 58000 shares left conversion, I don't think anybody will trade their shares after conversion. II strongly believe the shareholders will be rewarded greatly if they hold for few years. If AOBI's management is a real crime as some fraudulent companies did, Why would AOBI like to spend almost $4 million to conduct the conversion to take out small shareholders? AOBI will be traded again after it becomes profitable. AOBI still has a lot of assets. If AOBI is able to be profitable i am going to hold my shares for few years.
Good luck to you.
Yes, this stock is deeply undervalued. If CEO can start buy some shares back again, it can easily double or triple as SEEK Alpha article said. Recently, many of Chinese stocks started second wave of moving higher.
Thus, CNTF to double at current price would not surprise me in this year.
As many of you, I have been following the SEED for a while. I was waiting to buy after the fourth quarter earning release since I know the earning might be bad because the winter quarter always is a bad quarter. However, the stock price keeps moving higher everyday after bad earning released. I kept waiting for the price to pull back, but I run out my patient and take a small position (2000 shares) today at $2.49. I am going to buy more If it drop lower.
SeekAlpha recently published an article "3 Stocks With Potential To Triple In 2014" which states why SEED is a great stock to won. I like both SEED and CNTF. CNTF is a deeply under valued stock which has more than $5 cash. CNTF is a deeply under valued stock. Obviously, SEED's fundamental is not as good as CNTF, but SEED is a great concept stock since Chinese government will push for agriculture in 2014. SEED is a market leader in an agricultural seed genetic company in China. Because of Chinese government's policy, SEED's corn genetic seeds might be approved by government . If that happens, SEED will fly as a drug company's big drug approved.
When will SEED's products be approved? Nobody knows. Some of traders who bought around $2 might take profit since they will run out patient after waiting for few months. They will sell their shares which will create some good opportunities for us to buy.
Good luck to all longs!
JASO's trading pattern is reversed today. If JASO can close above $10.3 tomorrow, JASO will be very bullish and an up trend will start. I am not surprised that the up trend will start any time soon. Due to reverse split, JASO has very low float shares. A big surprised good news will make JASO fly. Good luck to all.
This is the reason which makes me to own SEED. There are only 23 million shares outstanding and 15 million shares of float. Any good news from the company will make this stock to fly. But, we might need to be patient since the approval of phytase might still be a few months away. I will use the weakness of SEED in near future to accumulate more shares.
Will SOL close above $4 tomorrow? There is a great possibility. If you look at the trading pattern of SOL, there were always rushed big sell orders in first few hours to cause SOL steep drop in first few hours of last 6 days which was to depress SOL price. SOL needs to move above $4 to be technical bullish again. Tomorrow will be important for SOL to close above $4 to be short term bullish with a confirmed down trend reversal. Good luck to all.
It closed at $8.01 today with another new high. How high will it go? Will JRJC repeat itself as 2007 from $8 to $40 in two months?
Don't take any body's advice including. Please do your homework before you make any investment decision since everybody has different financial situation. Especially, the stocks such as SOL and JASO which are very volatile and has many short positions. These two stocks have been dogs for long time now even everybody know they are great value stocks. They might keep being under value for long time to come because the negative publicity by the bearish investment banks and the analysts.
Thus, only invest money which you can afford to loss and don't buy with margin and options since nothing is a sure thing in the stock market. Especially, the options have expiration dates. Being in street for more than 20 years, I saw many cases of street's manipulation. They could make a trash stock become treasure and treasure become trash in a certain time frame to let know loss all their money.
I agree with you. The shorts can hold SOL down for short term, but it will go up in long term. The market maker wants to make SOL look like trash and make all long run out of patient. The time when many longs run out of patient will be the time SOL start to make big move.
These bearish analysts and investment banks use any execute to suppress Chinese solar companies. Yes, first they said, it is no way for China to achieve 12GW for 2014 since China could not achieve 8GW for 2013. Now China has achieved 9.5GW in 2013 and quota for 2014 is 14GW. What did they say about their predication "China can not achieve 8GW for 2013"? They forgot what they said and their projection. When the China says the number for 2014 will be 14GW. They doubt the number. You can see what they said is to support their shorts. That is one of the reasons hard for SOL to move higher.
By the way, there are more than 10 million shares of shorts which is about 10% of the outstanding and 15% of the float shares.
The shorts might slow down SOL to move higher, but I don't think shorts can stop SOL to move higher since overall sector is very positive.
If you recall, the bases for the bearish analyst's bearish argument for Chinese solar are they projected China solar installation number will be less than 8 GW for 2013 and 10GW for 2014. Their bearish argument caused Chinese solar drop more than 25% in Dec/2013.
The Chinese government released 2013 solar installation number last week. The number is about 9.5 GW. This is much better than 8GW the bearish analysts projected. The Chinese government has also increased its initial solar installation quota from 12GW to 14GW for 2014 which is much better than 10GW number. One of the main reason led the increase is to solve big pollution issue in China. China will not only increase solar, but also will increase wind and water power projects. This news is a big bullish for all Chinese solar company for 2014. I don't know how many people are aware of this.
Here are my strategy on Chinese solar:
Diversify invest in Chinese solars. I am currently own: SOL, JASO, HSOL, TSL, YGE, JKS and CSIQ. I am accumulating more shares from time to time and when these stock in weakness.
Buy more SOL, JASO and HSOL at current price or drop 3%. My thesis is that the three companies are relatively discount to their tier-1 peers.
Buy more: TSL and YGE when they pull back 10%.
Buy more: JKS and CSIQ when they pull back 20%.
Good luck to all.
Bertsavyy, I agree with you. SOL should trade around $8 based on the announced sales. The issues for SOL are the profit margin and negative surprises. Thus, the street does not care the sales number. The street wants the profit margin to catch up with its peers. Here are a few issues management needs to pay attention in future:
1. Improve its profit margin to the number range as JKS, CSIQ, TSL and YGE.achieved;
2. Change investment bankers. Use tier-1 investment bankers which JKS, CSIQ, TSL and YGE use.
3. In conference call, don't answer the questions which lead to negative impact on the solar sector; release information based on facts, not personal views or opinions. For example, SOL focuses on its international and up stream market. CEO does not need to say down stream market is bad. CEO does not need to give negative comments on Chinese solar market or negative comments on other Chinese companies which were the answers of bearish analysts want to hear. By saying other company bad, it would not make SOL better.
Good side of the company:
1. SOL has the highest revenuegrowth. This is the great. To improve margin, it might need to forget some lower profit margin projects.
2. One of the lowest valuation tier-1 solar companies. JASO is the other one.
3. Good internal management.