Jiutian   

How's this stock

Dear Forumers,

Still have 5 lots of jiutian at $2.25. Should one still hold onto it or dispose it? With the yo-yoing of the US market, i really fear that the price will continue dipping.

Pls advise. Feeling helpless.

Thank you.



 

 

Jiutian Chemical (JIUC SP)

�� The group believes that demand for DMF was ~500,000 ton in 2006 and is

forecasted to grow >30% for 2007. To leverage on it, the group will focus on

capacity expansion in the medium term.The group believes that demand for DMF was ~500,000 ton in 2006 and is

forecasted to grow >30% for 2007. To leverage on it, the group will focus on

capacity expansion in the medium term.

�� The DMF plant is on track to expand from the current 30,000mt capacity to

150,000mt and is expected to commence by 3Q07. Management aims for 100%

production ramp-up by 4Q07.The DMF plant is on track to expand from the current 30,000mt capacity to

150,000mt and is expected to commence by 3Q07. Management aims for 100%

production ramp-up by 4Q07.

�� Management explained that the company did not export its products because of

strong domestic demand and good working relationships it has established with

local customers. Further, DMF are sold domestically at ~RMB6,200/ton compared

to the export price of RMB9,000/ton, which is not significantly lower.Management explained that the company did not export its products because of

strong domestic demand and good working relationships it has established with

local customers. Further, DMF are sold domestically at ~RMB6,200/ton compared

to the export price of RMB9,000/ton, which is not significantly lower.

 

Fundamentally, Jiutian has 'gone high on methanol', so to speak... :)

There's no telling how much higher it will go, as long as demand (or perceived demand) for methanol is in play.

It may continue to rise... to 3.00, 3.20... even higher?

It's best to play by the technicals (meaning, read charts)...
ie.  if the uptrend is seen to have 'broken down' on the chart, then go short, no matter how feverishly bullish one has been worked up to be.

The 'value' of any stock is not boubd to stay high indefinitely.

 

just notice this stock, wow...it's amazing from 0.40 to 2.00 level within a year time... isn't that great? but , i just hope it will keep their pace ...

 

if funds are buying big time at 2.07, will they sell at anything for 2.50 or less? surely with all their firepower and knowledge they know how is stock is going . moreover production going to double this year and product is in huge demand too. Stay vested as this could be a multi bagger

 

sorry... i was just talking rubbish there. pls ignore that post.



perhaps, its just profit taking for CNY, potential to swing up after CNY holidays 

 

Hi giantlow,

can explain why u think there will be downside???

 

what upside???

i only see backside...

 

Announced a placement with Legg Mason half a day after result annoucement. Jiutian has Merrill Lynch, UOB AM and Legg Mason on board... potential for further upside!!!

 

jiutian next target is $2.50, then to $3.

 

almost 100% flip within a month.... hhhheeeewww....

sweat...

 

Price is really overdone. I am wondering why when a stock is bought by some fund and it will always overshoot its fundamental.

Can this strategy be exploited or is it a dangerous one?

 

Trade with caution. Rose to a new record with whispers of 'short covering'.

 

sian...i look at this stock (it's one of those TA-able ones) and i regret not playing china counters. haha.

whoever's interested in buying this can probably relax first... monday likely to have abt 3-4c drop on continued uptrend.

 

1836, 26 Jan 07 announcement:

UOB increased stakes in Jiutian from 5.63% to 6.82%

 

Today the STI and most other stocks dived severely amid great fear, but this stock keeps on going up and up!!!

 

Still on strong uptrend

 

surge today, any comment on this counter?

 

hmmm what TA indicators do u use to derive uptrend signal?

 

hahaha... I can see it uptrending, too... :)