Toubani Resources Ltd T.TRE

Not the time to buy yet

[HippygirL74]

Hi everyone.  Hi to Grandnagis also: i remember you as i was also one of the early investors in SinoForest.  i held 100K of Sino from 0.89 to 0.99 many years ago.  If anyone here had used TA, they would have seen that the uptrend was broken at about $21 per share.  It was time to sell back then.  For small investors, this is a major falling knife and definitely not the time to buy.  Fear drove the price down but the uphill climb is a much slower process.  To get back to $10 per share, requires a 100% increase.  It's not going to happen quickly.  Reputations have been damaged very badly and even if Sino proves that it is innocent, there will remain an element of doubt.  It will take time to heal.  i would watch the auditor.  If Sino's auditor resigns, it is a very very bad sign.  But my knowledge of Chinese culture and philosophy tells me that they will behave calmly.  If anyone thinks that being calm is passive, you are wrong.  Being calm is actually the highest activity.  My experience with the Chinese is that they will calmly (outward appearance only) gather their evidence and launch their defense very strongly.  And they have to because this is a dangerous time for Sino and MW.  It's only money but in China, capital punishment still exists.  imo, there is plenty of time to get back in.  Using TA, i will patiently wait for a base formation and watch for Sino's auditor's reports and actions.  Good luck everyone. ps. measuring land hectares is not that easy- imagine a piece of flat paper 1M X 1M vs. a piece of crumpled paper measuring 1M X 1M.  The latter has much more surface area than a flat piece of paper.  In land measurements, hilly areas with lots of valleys can grow a lot more trees than a flat area.  imo, Sino has the volume of trees they claim. It's all in the interpretation and a little geography knowlege and math knowledge.  imo, Sino is legit and honest but the sp will take years to return to normal and i'll be there once again.