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From the TA chart i see, I expect Luzhou to go up from 0.665 to 0.75, with its MACD cross up, rising stochastic, RS1 and chaikin. ( provided it break up at 0.665)
yeap... value at current price :) ... waiting for it to go to .8
discounted stock??? so meaning that this is the best time to enter. Low share price which is going to shoot upwards.
rebounded strongly today.. finally ppl is seeing the quality of this counter.. those looking for discounted stock should monitor this one closely..
it is at bottom and should be due to improve with dividends coming out later in the year...
why it will go up in june?
rebounded today...
confident that it is going up soon... coming in june!
what is happening to this stock? never seen it dropped till so low.. so far whatever made from this counter and now all return back... sigh...
thought corn-sweeteners got demand? any comments? thanks.
I expect Luzhou will rebound from 0.635/0.64....
Is there any bad news on this counter. The chart looks like a nice setup for a crash. Nicky, take a look and see can short or not??
sorr mistake, in early March , not May, typo..
Jackjames, thank you so much for your advice. Appreciate.
jerrymints
jerrymints, i hate this counter so much that this is the only stock that made me a loss since I trade for 3 years ! but I cut loss and place them into SPC and now I gain back all my loss..
by the way, personally, i think 0.65 is a good buy... I still believe it can go up to 0.80, just that, while they release good year end results in early May, that's the market correction, and it was affected and coming down, with their CEO selling shares, etc. the price comes down..
But for long term, ( at least a year), 0.80 no problems. they are earning, at least profit after tax is +ve , not like Hengxin, the first quarter - 20% !
Hi,
Anyone has any idea about Luzhou? It's price and volume have been in the low for quite some times. Appreciate.
jerrymints
Oh... didn't notice till now then I know Luzhou XD.
yes, agreed, the result is bad... shorting? let me see first... don't get trap ya..
possible damper for Luzhou 2molo...
1Q07: $391m/$24.6m profit - down 0.8% from a year ago
very disappointed!
It is undoubtedly that Sun and Luzhou has been considerably oversold for the past 2 - 3 mths. Sun down from $0.80+ to $0.50+ and Luzhou down from nearly $0.90 to $0.605. I would consider both are playing catching up game till now.... The rest will be based on the sentimental on the china counters and the fundamental of both counters. Certainly the BB is playing an important role to "polish" the shineness on the undervalued counters, but I truly believe that both counters still having solid fundamental and considered as undervalued even at current price. If anybody families with Luzhou, it did crash from $1.12 to $0.48 during May06 Meltdown, but it successfully climb back to near $0.90 when nothing much changed on the internal & external environment of the company. As long as the company does not issue any more shares, and play a responsible way to handle the company, I forsee no reason the price will not rise.... If the company also can give an appropriate explaination why their major directors are selling their shares, it will truly impress the current/potential shareholders.
flyers, I beg to differ. ChinaSun is playing catchup. Luzhou has moved already while ChinaSun was a laggard. I think ChinaSun is moving partly due to rotational play by BB.