China North East Petroleum Holdings (NYSEMKT:CNEP)

CAPS Rating: 2 out of 5

The company engages in the exploration and production of crude oil in China.

Recs

7
Player Avatar Rihanna (99.38) Submitted: 6/7/2010 4:12:52 PM : Underperform Start Price: $5.50 CNEP Score: +123.20

I can't believe no one rated this stock down, they currently don’t trade as they are halted and are awaiting forensic auditing, people are resigning, stepping down etc.... pending lawsuits, do some DD people,
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<br />&lt;br /&gt;Anyways when this stock resumes trading after the halt is lifted I expect it to gap down maybe 1.50-3.75......... Who knows maybe it will be delisted and go OTC, then you’re talking .40-.90 cents....
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<br />&lt;br /&gt;I feel bad for investors in any case, I was going to purchase shares in this security right before it got halted, well I won’t invest in now, not after all that has gone on, I will trade the reaction when it resumes trading however, &quot;if&quot; it does like I said expect it do gap down big....
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<br />&lt;br /&gt;Easy points here
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Report this Post 3 Replies
Member Avatar OklaBoston (68.67) Submitted: 7/9/2010 2:06:35 AM
Recs: 0

I just ended my own "Outperform" pick on this stock in response to your post showing up in my Buzzbox during one of my fits of insomnia. Thanks for saving me the points I would have lost on the aforementioned pick.

Member Avatar jrod87 (83.36) Submitted: 7/12/2010 1:42:00 PM
Recs: 0

lol just keeped my red b/c your post. thx

Member Avatar throwerw (29.35) Submitted: 9/2/2010 3:40:23 AM
Recs: 0

umm i've done plenty of dd on this and I think it's a 20 dollar stock in a few years

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