He claimed that he had 98000 shares and it seems he is a hard long.
But from his attitude, he does not want to see XIN rising.
So why is that?
This might be the reason: Maybe he had sold some covered calls.
If XIN rises too fast say reached $10 in three months, his 98000 shares(if he was not lying) will be called away so he would have lost both the dividend and the gain above $10.
If he could help to keep XIN trading under $8 in next three months,
he would gain on the expired options(the covered calls that he sold earlier), this way,
he could keep his cost on XIN lower and lower.
But once the market has discovered the value of XIN, this stock is going to rise quickly.
And he would risk losing his shares.
So if he is wise, he should have bought back his covered calls and starting posting
positive things about XIN to help the market to discover the value in XIN.
XIN plans to release third quarter 2013 financial results on Friday, November 8, 2013, before the market opens.
It would be fun to see how the stock would react tomorrow.
My guess is that it might close above $7.5 tomorrow, then it would reach $9 in a few weeks.
You are almost 100% correct.
It seems that the negative attitude is stopping Shelly and Infn444 from make money here although XIN has doubled for the past year.
However, if you think the things deeper here:
Why would Shelly and Infn444 keep posting here all day long without making any money?
Do you really think they are that stupid?
I don't think so.
Shelly and Infn444 might be just the alias of other people here maybe like star_hominid.
These alias are used to post only negative things about XIN so they could benefit from swing trading.
So what I am doing is just ignore these negative people(including star_hominid) and won't listen to a word of them.
Report will still be due this Friday...
BEIJING, Nov. 6, 2013 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (XIN), a residential real estate developer with primary focus on high growth cities in China, today announced that its Board of Directors has declared a cash dividend for the third quarter of 2013 of US$0.025 per common share, or US$0.05 per American Depositary Share (ADS), which will be payable on November 29, 2013 to shareholders of record as of November 18, 2013.
Truths are always in the hands of a few.
You got my vote on Netflix - $150 - $250 target durable, but I am not sure about $56.60 target.
Netflix went from $50 to $350 in a year(right now it might have become a shorting target).
Why Netflix is so strong and so over bought?
Shares Outstanding: 59.26M
% Held by Institutions1: 88.20%
Shares Outstanding: 33.50M
Float % Held by Institutions1: 90%
So don't be surprised if you see REGI go from $13 to $30 or $50 in a year or two if 2014 and 2015 blender credits get passed and the company keeps growing well.
It's just my opinion.
star_hominid, infn444, shelly_showman etc.
I found their posts are extremely negative which might ruin my fun on investing on XIN.
I would suggest any longs ignore these people.
You picked a wrong stock to short.
I will give you two other options if you are living on shorting:
TSLA and NETFLIX.
REGI is a stock with very low volume of total shares and floating shares.
Total share is only 33.50M and floating shares is only 18.51M.
Until now, the institutions are holding 16.73M, more than 90% of the float.
Most of these institutions have a average cost of $13 - $15 so they are in for the long-term(say $20 - $30).
There are only less than 2M floating shares not in the hands of the institutions.
Thanks shorts for shorting 1M shares to create more supply of the shares for trading.
Insiders seems to be another source of shares supply but they have almost stopped selling after Q2.
I don't think they are going to sell more under $15 or even higher.