China High Speed Transmission 0658

[Atlas]

Boy, are we being punished for being on the wrong side of the trade, 10% down in two days.

The bears are furious. There must be something seriously wrong with this company. Further falling wind turbine prices ? The usual management fraud ?

The bears must know something that we don't. Or maybe they're just in for a revange after being crushed post-Fukushima.

[winston]

Thursday's Morning short-selling at about 2m shares

[Atlas]

CHST hit GS' new target today.

[I-bank focus] Goldman downgrades Goldwind (02208) to "sell" (ETNet News)
Date: 2011/04/20 14:35

Goldman Sachs downgraded Xinjiang Goldwind Science & Technology (02208) to "sell" from "neutral" noting that consensus earnings estimates have not fully factored in Goldwind's concentrated risks in lower volume sales and margins.

The house maintained its target price for Goldwind at HK$12.

Goldman also lowered its target prices for China High Speed Transmission (00658) and China Longyuan Power (00916) to HK$11 (from HK$12) and HK$8.8 (from HK$9.6), and retained its "neutral" and "buy" calls respectively.

The house believes wind power will remain an important supplement to meet China's growing clean energy needs and its goal of 15% non-fossil energy by 2020.

It maintained its 2020 capacity target of 200GW but lowered 2015 target to 110GW (from 120GW) expecting a more gradual improvement in the power grid connectivity of wind turbines given that the central government is consolidating project approvals from local governments.

Goldman sees growing bargaining power of wind farms over equipment makers as turbine demand slows and value chain de-stocking ensues.

Meanwhile, intense price competition and excess production capacity continue to drive down wind turbine and component prices.

Goldman thinks equipment makers may find it more difficult to mitigate falling turbine prices by simply increasing volumes (economies of
scale) as demand slows.

[winston]

Wednesday Short-Selling @ 4.9m shares

Vested

[Atlas]

Touched the 52 weeks low today. What's next, the single digit or the big bounce up again ?

Not vested.

[winston]

Vested

Friday Short-Selling at 1.1m shares ( out of 5.1m shares ): 22%

PE is 8. Even if growth slows down to 8% from 20%, it's still at a PEG of 1.

So what am I missing ?

And why are the short-sellers so confident of their position, daring to short something with PE of only 8 ?

[winston]

Vested

Tuesday Morning Short-Selling at 680,000 shares ( out of 2.6m shares ): 26%

What am I missing ?

And when are they going to squeeze the shorts ?

[winston]

Vested

Tuesday Short-Selling at 2.2m shares ( out of 7m shares ): 31%

[winston]

vested

Up 3.5% on no news and a weak market.

Short-Sellers covering ?

[winston]

Vested

Up 2.5%.

Somebody is buying thru Citi today.

Shorts covering ?