SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Sino-Forest (TSE: TRE.A) A STOCK FOR THE FUTURE!!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RBMac who wrote (237)1/10/2000 11:55:00 AM
From: mick   of 265
 
Block Trade - 1.75 M Shares TRE.a 3rd Most Active Volume

Bigggest trading day ever for TRe.a

There are roughly 75 M shares so this represents about 2.5 %. Frankly, it looks like they are buying out a disappointed holder. My speculation is that TRE.a is buying up the 5 % of shares that they are allowed (at $ 1.50, a very excellent price).

Want a good laugh ? Check out the news about the AOL TimeWarner merger. AOL made 0.3 US$ last year and sells at $ 72 US. TRE.a has already over taken them at $ 0.35 (mind that AOL has roughly 50 times the revenue). I don't expect them to post Time Warners earnings of $ 0.66 until next year.

Still, this is the most activity I think this stock has ever seen. I am looking for it to hit near $ 2 before Gundy starts dumping on it again. In the past, I had played the game of buying First Marathons shares and selling on the rise but I think the story is starting to get out. My advice is sit and forget about his stock untill/if it hits $ 12 in YE. In 5 years, this is a $ 24 stock plus. TRE's grow slow.

Cheers
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext