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BenGan

BenGan
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  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    VVR did a great job for the shorts. It works! Now the longs are licking their wounds while the shorts are basking in glory. I can't believe that a short article can cause so much damage. What a wonderful way to make money!

    In the Malaysian Stock Exchange, we have 'circuit breaks'. This means that whenever a stock has a steep rise or fall of 30%, the stock will be suspended pending investigation. I am greatly surprised that America does not have such a system to protect investors.

    I am also greatly surprised if Americans can be that easily fooled by the Chinese, considering that Americans are very much more experienced in the stock markets.

    I did a google search on Variant View Research. Very little is said about it. I wonder who is the owner, and what integrity it has.
    Mar 31 02:53 AM | 5 Likes Like |Link to Comment
  • Western Lithium: Potential Multi-Commodity Producer By 2018 [View article]
    Nothing ventured nothing gained. This is a good calculated-risk stock. Go for it.
    Electric cars are the cars of the future.
    Feb 25 05:13 PM | 3 Likes Like |Link to Comment
  • Is Advanced Battery's $20M Acquisition a Complete Fabrication? [View article]
    ABAT took 7 days to give a proper refutation to the allegations. This is unacceptable as the allegations are of a serious nature. The first refutation given by its CEO, Mr Fu has no value. In fact it is more negative than positive because of its weak denial. Law firms that encourage investors to file class action before doing a due diligence are adding fuel to the fire. At this point in time, the general public is greatly confused. The SEC should have suspended this stock as soon as the scandal surfaced and immediately wrote to the company for clarification. If it can't look after their investors well, many will shun away from the American Stock Exchanges.
    Flies will not roam on eggs that do not have any cracks. I believe there is fraud at ABAT, however, the density of which is difficult to fathom.
    Apr 7 02:49 AM | 3 Likes Like |Link to Comment
  • The Truth About Yongye International (Part 2) [View article]
    ECD Fan,

    Thanks for the info. This backward integration will bring lots of benefit to the company. Overall, I am of the opinion that Yong is a super-fast growth stock. I already have some shares of this company and I intend to buy more within the next 48 hours.
    Feb 23 01:20 AM | 3 Likes Like |Link to Comment
  • Yongye International: Risky Business [View article]
    If Yong turns out to be a fraud, then the offer to take it private at 6.60 is obviously a scam.
    How can we ever trust a China-based company listed anywhere in the world if America can be so easily fooled by the Chinese. And if we can't trust even the big-four auditors, fundamental analysis is of no use.
    Mar 28 09:06 AM | 2 Likes Like |Link to Comment
  • The Truth About Yongye International (Part 2) [View article]
    Kurt: Thanks for the info.
    Feb 23 08:20 AM | 2 Likes Like |Link to Comment
  • Yongye International: Risky Business [View article]
    After Yong got suspended, I thought my money was gone with the wind.
    China-based companies, how to ever trust them again, I was thinking to myself.

    If Yong was indeed delisted, China-based companies would be much feared and avoided by most investors everywhere. Nasdaq would get a bad image and so would all the analysts who had recommended Yong as a good buy.

    Fortunately, Yong got listed again. This has brought lots of cheers to lots of investors. But people are still scared.

    When you have been beaten by a snake, you will shudder at the sight of a string. How else do you explain that Yong is stay-put at around $5.50 a share?

    Assuming that it gets privatized at $6.60 per share within 6 months from now, the gain would be $1.10 for every $5.50 you invested. This means a 20% return within 6 months. This, surely, is a big attraction to many investors.

    What is the chance that Yong may not get privatized? Logistically speaking, the chance of it being privatized is higher than not being privatized. How then do you explain that Yong is not moving at all?

    Fear is greater than greed, I suppose.
    Jul 12 08:24 AM | 1 Like Like |Link to Comment
  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    Sweat and blood money last a thousand years; ill-gotten ones are short.
    Apr 3 10:24 PM | 1 Like Like |Link to Comment
  • Advanced Battery Technologies: An Egregious Chinese RTO [View article]
    ABAT is a Reversed-take-over (RTO) stock. Hence, it is not so safe when you compare it to an ADR or ADS. White collar crime in China is a very serious offense; it can mean going to the gallows. If you want to invest in Chinese stocks, buying ADR or ADS is much safer, because these stocks are also listed in China if I am not mistaken. Please correct me if I am wrong.
    Apr 1 04:48 AM | 1 Like Like |Link to Comment
  • Trina Solar Q4 Earnings Analysis and Limited Forecast [View article]
    How come no one talk about auditors here? We know how important these people are. Anyone who can give the name of the auditor for each of the Chinese solar stocks, please do so. The info will be of immense value to value investors.
    By the way, which Chinese solar stock has given out a dividend?
    Mar 3 12:02 AM | 1 Like Like |Link to Comment
  • Yongye: Another Chinese Investment Opportunity Beaten Down by Shorts [View article]
    formosa88,
    I appreciate the way you argue. You have made some excellent points. There's a Chinese saying that what's true cannot be false and what's false cannot be true. This is true no matter from what angle you look at it.
    Feb 28 08:47 PM | 1 Like Like |Link to Comment
  • More Stocks That Will Enhance Your Portfolio [View article]
    Fundamentally speaking (assuming there is no fraud), CCME is good value for money at 11.09.
    Technically, the stock displays a different disposition. From a high of no less than 23 it has dropped to the present level ( lasted traded at 11.09) in 5 trading days. This is indeed a catastrophe for the stock. Until a positive display is shown in the chart, it is best to keep yourself at the sideline and watch how the bulls and bears battle themselves out. Those who did not use the stop-loss are lost for now.
    It is never wise trying to catch a falling dagger. Beware!
    Feb 3 08:24 PM | 1 Like Like |Link to Comment
  • Consider Yongye's If Its Buyout Price Is Raised To $11.50 [View article]
    In consideration of the fact that Yong has survived the smear campaigns of short sellers, the support of Morgan Stanley, the suspension and relisting of the stock, the strong balance sheet, integrity of the CEO, the improving quarterly report, the decreasing figures in the accounts receivable, and the agreement of the Development Bank of China to finance the buyout, I believe Yong is a good buy at around $6 per share.

    Because China-based companies are infamous in creative accounting, my concern is what is likely to happen if the offer to privatize the company is withdrawn. Will investors' confidence in the company simply vanish and cause a big drop in the stock price?
    Aug 11 08:54 PM | Likes Like |Link to Comment
  • Yongye: When A Halt Is Just A Start [View article]
    If the offer to privatize Yong is a scam, and the directors are allowed to go untouched, those who dare to invest in China-based counters listed in America from now on, must be very brave or very stupid.
    If, indeed, the offer is a scam, the conmen must be brought to justice.
    Mar 27 03:57 AM | Likes Like |Link to Comment
  • Shares of Yongye International (YONG +14.7%) surge the most in more than two months after the Chinese fertilizer maker said the country’s state-owned bank offered to provide financing of as much as $232M to support its going-private deal[View news story]
    Yong is expected to be privatized at 6.60. I think the market price should be close to 6.60 moving forward.
    Dec 29 08:32 AM | Likes Like |Link to Comment
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