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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (51718)	6/14/2013 2:04:58 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78717

AERL - I'll skip. Huge receivables and crappy OCF when they reported it in the past - does not pass my smell test. They might be OK and legit, but the right offering also does not add confidence. If everything's so great (30%+ ROE OMG haha), why do they need money? It might work out just fine though, like couple other shaky&shady Chinese co's did recently. If they manage to privatize/relist in China, US shareholders end up somewhat OK sometimes. :)

To: MCsweet who wrote (51718)	6/28/2013 11:19:41 AM
From: MCsweet	Read Replies (1) \| Respond to of 78717

For anyone dumb enough to follow me into the AERL rights offering, AERL is trading up to 4.07. Rights could be easily had for 0.50 or lower, so you could have bought the stock at 3.50 in the offering. I am shorting some AERL here to lock in a portion of the profit on the shares that I should get in the next week or so. The news in China doesn't look good, which seems to be to bode poorly for Macau gambling and usually stocks trade down when right offering shares come in. AERL also is a speculative company and industry. I may talk myself into hedging more of my position despite the usual post-rights-offering rebound and Hong Kong IPO, which will lead to a nice demand for shares. MC

To: MCsweet who wrote (51718)	1/27/2014 12:23:53 PM
From: Jurgis Bekepuris	1 Recommendation Recommended By MCsweet Respond to of 78717

GAME - so GAME got an offer from parent for $6.9. Surprise, surprise. A takeunder as expected. OTOH anyone who bought recently on bad news - hey, there's always bad news before takeunders, coincidence? - made good money. I got whipsawed out for some of my position, but still kept some. Sold most today. In case of Chinese co, I'd rather not hold for 7%'ish arbitrage to the full value. I doubt there's gonna be raise for the offer and there is a risk that there might be whipsaws if market does not believe that the offer will go through. So mostly on sidelines now. Would probably rebuy if stock dropped below $6 on no news. However, from the price action it's pretty clear that this is a leaky ship, so any drop might also be based on leaks... Ah investing in Chinese companies - so much fun. :)