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Author Topic: Check this out  (Read 1363 times)

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Offline John Florida

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Check this out
« on: June 22, 2011, 11:08:56 AM »
Open to opinions:

WATG 
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 Filippo Mazzie

charlesoakwood

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Re: Check this out
« Reply #1 on: June 22, 2011, 09:02:52 PM »

I think maybe China rigs their market or certain players do, like the small (tiny) O&G cos. book churn

John Rutledge is big on China.

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Offline John Florida

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Re: Check this out
« Reply #2 on: June 22, 2011, 09:15:59 PM »
Quote from: Charles Oakwood on June 22, 2011, 09:02:52 PM

I think maybe China rigs their market or certain players do, like the small (tiny) O&G cos. book churn

John Rutledge is big on China.




 How do the numbers look? This company got a lot of the car part contracts after all hell broke loose in Japan.
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charlesoakwood

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Re: Check this out
« Reply #3 on: June 22, 2011, 09:31:51 PM »

Libertas?

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Offline Libertas

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Re: Check this out
« Reply #4 on: June 23, 2011, 07:17:37 AM »
Chinese throw their books into the wok along with their rice it appears...

Chinese Auto Parts Stocks Index: The worst performers in this segment have been SORL Auto Parts (NASDAQ: SORL), China Zenix Auto (NYSE: ZX), and China Automotive Systems (NASDAQ: CAAS). In addition, trading in Wonder Auto Technology (NASDAQ: WATG) has been halted for over a month after the firm failed to file a 10-K for 2010 and announced an internal accounting investigation into prior results.
http://seekingalpha.com/article/276059-worst-performing-china-stocks?source=msn

Chart -

http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=WATG&CP=0&PT=7

Oh, and they like pulling this trick to bypass normal market scruitiny!

http://www.bloomberg.com/news/2011-06-22/table-of-chinese-reverse-merger-companies-listed-on-u-s-stock-exchanges.html?cmpid=msnmoney

People who are "big on China" better dig deeper when doing their investment homework or they could be effed!

 :P
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We are now where The Founders were when they faced despotism.
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