So i have been making money on TRE.TO

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Thread: So i have been making money on TRE.TO

          
   
  1. #1
    dc350 is offline Senior Member
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    Default So i have been making money on TRE.TO

    Mornin' everyone, just thought i'd let the community know of a stock called "Sino forest Corporation" TSX ticker TRE.to..

    Short story, this mid 20 dollar forestry company operating in china based out of canada caught a really bad review from Muddy waters LLC and basically plummeted from 23ish-2.50 or so... They have since recalculated everything and shown there are no problems- and the stock is back up on the rise! I hope you all do well!

    I bought at 2.50 sold at 5, waited for a dip, bought at 4.50 sold at 6, bought at 6.20 sold at 7.39, bought at 7.23 and waiting for it to hit 8!

    Evan.

  2. #2
    calcul8's Avatar
    calcul8 is offline Moderator
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    Moved to proper section.
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  3. #3
    dc350 is offline Senior Member
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    made another score this morning.

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    Hollywood85 is offline Senior Member
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    I see it's at 7.25 right now, what's your strategy at this point? I'm a n00b but might buy some to see what happens
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    We are all having fun with this in my office.

  7. #6
    WIKKDM3's Avatar
    WIKKDM3 is offline Senior Member
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    I strongly urge that you avoid this stock! As a professional trader, I have to tell you, when Muddy Waters issues a report, they are usually very correct. Secondly, Paulson dumped all of his shares at a massive loss. If you wish to play it, use the money you can afford to lose all of. Thirdly, take a look at PUDA, another Chinese company Muddy Waters issued a report on and look what happened to it. Just my 0.02, but I would AVOID!

  8. #7
    dc350 is offline Senior Member
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    Thanks wikkdm3! I wont be in this one for a long term deal- Sino doesn't seem to put many press releases out but the volume every day is still pretty nice! Its still going up and down up and down.. Until more negative news comes out i think i'll continue to short this one.

    Holly wood, yeah man it didn't make it much past 7.25 i held on a bit too long, then with the AAA credit rating being lost everyone panicked. It dipped down to 5.27ish and then went straight back to 6.88... twice! I'm just gettin' in gettin' out man. Made another score while i was at work today!

  9. #8
    kunal00@bullsonws's Avatar
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    Quote Originally Posted by dc350 View Post
    Thanks wikkdm3! I wont be in this one for a long term deal- Sino doesn't seem to put many press releases out but the volume every day is still pretty nice! Its still going up and down up and down.. Until more negative news comes out i think i'll continue to short this one.

    Holly wood, yeah man it didn't make it much past 7.25 i held on a bit too long, then with the AAA credit rating being lost everyone panicked. It dipped down to 5.27ish and then went straight back to 6.88... twice! I'm just gettin' in gettin' out man. Made another score while i was at work today!
    that stock is wild!! u def cant hold it overngiht but boy there are some huge daytrade opportunities in it

    its basically run up and down by daytraders and rumors now..you can use technicals and really nail the rips and dips in it.. but just cant hold for more then 1 day!

    i also trade it!
    Kunal Desai
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    So how is that stock working for you today?
    Don't argue with idiots...they will just bring you down to their level then beat you with experience!

  11. #10
    kunal00@bullsonws's Avatar
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    not sure..im in P and PANL today.. along with some VHC
    Kunal Desai
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