jada
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/threadview?m=tm&bn=76432&tid=1240&mid=1246&tof=8&rt=2&frt=2&off=1
Re: Added more today. Upswing soon..eom 3-Mar-10 11:36 am DF, it seems the big seller is only interested in selling off for the sake of liquidity-- they need cash for some other project. If indeed it's CHFI that's been selling, the longtime savvy China stock pickers can tell you that CHFI has done this before. They need cash to do their work helping other China companies uplist. And the reason they are selling so "methodically" is so as not to totally crash JADA's price. They sell daily for about 2 hours, more or less, and then they back off. Anytime they sell above 0.33 they're making a nice profit. Recall they started selling on Feb. 1 when JADA's pps was around 0.60. So they've been making a nice profit all the way down except when unloading a bunch of shares over two weeks ago at 0.33. Even these sells at 0.37 are more than a 10% profit for them.
Millstone figured out for us that there might be 8M shares, not 4M, that they or a related party want to unload right now. Estimating from the volume of selling and buying daily since Feb. 1, we're likely getting very close to the end of this process.
The selling apparently has nothing to do with JADA's fundamentals, which we know are quite sound for the longterm, given their 50-year 90% exclusive rights to that mtn of precious jadeite and China's (and the world's) growing voracious demand for jadeite.
We value investors know that a 12-mo. trailing P/E of around 2 (two!) for JADA is ridiculously undervalued.
So MOST LIKELY nothing at all to worry about here for the medium or long term... Yes, the daily selling is annoying for those who bought or averaged in higher. But right now is further great buying opportunity if you believe in JADA's longterm promise.
