China Animal

Legg Maison took profit few weeks ago reducing their stake to below 5%. Their cost is $0.13 per share about 2 years back. With the entry of Blackstone as an investor and lately Fiderlity join in the game and emerged as a 7% substantial shareholders, this stock is getting interesting.....

China Animal Healthcare ($0.31) has seen increase in trading volume on up days and decresing volume on down days....stock seems to be breaking out of its range soon....

I imagine the management of China Animal would be scratching their heads in puzzlement - why the hell did their shares fall so sharply after dual listing? Now only 35.5 cents. I am also puzzled .... maybe it's due to buy on expectation, sell on news. There would also be panic sellers as they had bought in anticipation of a further rise in stock price but instead it fell. Anyone thinks it is a good time to pick up the shares as a bargain? Bargain or not?

Loaded to the hilt with intangibles to the tune of RMB 809 million. Beware!

Stock got hammered blue black, now may be recovering. This morning some friends got into it, but I dont like the price still. Gotta go lower for me to get interested. How about 33 cents anyone?

China Animal Healthcare is a pretty ok stock, now cheaper than before at 27 cents. Blue chip in the making, if they can deliver on the promises. Good sign that  3 Jun, Fidelity increased its stake  from 8.98% to 9.01%.