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highfive · 04-21-2011, 12:49 PM

^ True, I would be saying differently if it went down 12%. lol

If you guys have USD, CSR is a pretty good stock to make a quick trade.

It's a Chinese security company in China. One of the larger ones that deals with the government in putting up surveillance in public areas. The CEO holds 18% (I think) of the stock and he was reportedly sent a letter to the company wanting to buy it out at $6.50. Some of the shareholders hired some law firms to investigate if any fiduciary duties were violated because most analyst was giving it a $8.50 price target.

I've done 3 trades in total with $50K. Profit close to $11K so far. Sold once at $5.20 and recently at $4.70.

If you look at the charts of Monday I think, you can tell there is someone fucking around sometimes, that day it was just moving flat at 4.60s then a steep drop to 4.17/4.18 and closed around 4.02. I bought at 4.17 for a quick trade, sold it at 4.70.

04-21-2011, 12:49 PM	#3863
highfive I contribute to threads in the offtopic forum Join Date: Nov 2006 Location: Vancouver Posts: 2,945 Thanked 1,123 Times in 533 Posts Failed 71 Times in 38 Posts	^ True, I would be saying differently if it went down 12%. lol If you guys have USD, CSR is a pretty good stock to make a quick trade. It's a Chinese security company in China. One of the larger ones that deals with the government in putting up surveillance in public areas. The CEO holds 18% (I think) of the stock and he was reportedly sent a letter to the company wanting to buy it out at $6.50. Some of the shareholders hired some law firms to investigate if any fiduciary duties were violated because most analyst was giving it a $8.50 price target. I've done 3 trades in total with $50K. Profit close to $11K so far. Sold once at $5.20 and recently at $4.70. If you look at the charts of Monday I think, you can tell there is someone fucking around sometimes, that day it was just moving flat at 4.60s then a steep drop to 4.17/4.18 and closed around 4.02. I bought at 4.17 for a quick trade, sold it at 4.70.