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Directors are buying at $0.245. Shows that they think it's undervalued.
Dow crashes 300 over. No worries, today can short Jiutian with a peace of mind. In fact, yesterday temporary up trend is a damn good opportunties to short.
the volume is too large, i also feel uneasy. however i take it as a good sign. lol. entered 10 lots at 0.255.
dun really trade sub 50c stocks nowadays but it seem jiutian was a 50c stock just 1 week+ ago?
amilytan is right. Jiutian is grossly oversold and may have bottommed. There's a lot of buying. Looks like will rise some more. I doubt it'll drop to $0.15.
amilytan ,pls don't balme others,do your homework.......if you cannot afford to lose,don't play...keep your money in the bank...
tchoonw, you ask me shorted yesterday... you see what happen today? Jiutian already reach bottom already. Now you see it was back
amilytan, u make a mistake...should be a lot are selling at 21.5 and 22 today! hope u ve shorted too :)
Good luck to you if this counter reach 15cents. But i have monitor this whole afternoon, i find that good support on 0.215 and 0.22 so many buy in on these price. For those short at 0.215 or 0.22..good luck to them.
Target 15c coming. Still can short as not too late...Good Luck!
Oh.. i think its a big conspiracy.. research giving buy call but they r selling big time.. i foresee next to issue buy call will be by Merrill cos they are still holding a big chunk. haha.. Fair value should be $0.18.
Selling might not end so fast!! and their report earning wouldn't be good, that's y funds r unloading.
Another reason for downside is that financing cost are increasing as Chinese central banks are increasing ledning rate and their tax holiday is expiring soon.
Just my 2 cents worth.
Oh i have no idea too.. but i read couple of buy call from CIMB and DBS. both issue buy call.
CIMB buy call $0.27, 12 mth Target $0.38
DBS buy call $0.27, 12 mth Target $0.42
I think ppl are selling becos of broad market bearish sentiment.. but do see accumulation at all levels too.. but market is volatile.. do invest with caution. good luck for the rat year!!
Is it this company having problem? How come this counter keep on dropping and non stop. Any advice
When I buy a counter, I buy all the way up to max! When I short a counter, I will short to rock bottom. Just like Jiutian, 15c very soon as I mentioned previously. It's still not too late to short now to earn some angpow $ to celebrate the rat year, otherwise coming rat year will be a miserable one. Who still got mood to shop when the stock mkt is like that?
Oh no, another big paper loss counter to retail investor. It is on my watch list in 2009.
target 20c...hehehe
yip yip horray!
a lot of retail buyer morning stuck at hight price,,,,,,i alreay wann that big boy shorting,,,,,,,but look like the baby was carry by uncle and nus,ntu ,,,,,,,all now carry the baby over nite,,,,,,,,monday will see the baby in coma,,,,,,tragery
The strategy to beat shortist strategy is queue for stock with low volume. There are quite a few of those stocks around. You buy them and hold and collect dividends along the way. Such cold stock shortist no guts play cuz low volume increase chance of them losing monies :)
Adopt an investor rather than trader mindset and you will feel yourself quite relax despite current market bear conditions.
tchnoonw, u are very scary lei... it really become sunvic price now.. wakau... seems like all china stocks crash like shit....
but then, HSI didn't really crash yet... i wonder when china bubble burst out, what will happen to all the china stocks at singapore.
Massive shorting seens on this counter and selling is drying up as shown from the decreasing volume over past 4days. Time to accumulate some soon.
I do see immediate support at 0.28 and should rebound next week after all contra players who long 5days ago are being washed out from the market. Both stochastics and william%R show oversold with decreasing volume.
For those who went in these 2 days got chance to get out on technical rebound. Long term investors, target price $0.50. Fundamentally, the company is still doing fine and forward PE look reasonable.
just my 2cents worth.
for those that have shorted jiutian, Congrats! more downside to come. Target is 15c now!