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Crrc Corp Ltd is a China-based company principally engaged in the manufacture and sale of rail transit equipment. The Company's main businesses include railway equipment business, urban rail and urban infrastructure business, new industry business and modern service business. The railway equipment business mainly includes locomotive business, motor train unit and passenger car business, freight... see more

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CRRC ADR > Mini BHP Billiton Cruising to Higher Altitudes

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Post by archimedes0070 on Jan 03, 2011 10:08pm

Mini BHP Billiton Cruising to Higher Altitudes

It is heading higher on the ASX today.

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=au%3Acjo&sid=0&o_symb=au%3Acjo&freq=1&time=7&x=61&y=14

gchandler wrote recently that there is a significant(?) short position in CJO. I was unable to find the short information, but suspect it is in a Bloomberg terminal. In any case, maybe gchandler will reveal the magic data.

Also, for those who are short, it is starting to look unpleasant.

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Comment by gchandler on Jan 03, 2011 11:12pm

JMO -There were almost 4 million shares short on KMN @$.17 as of October 01. With the name change and thin trading volumes these owners are still holding the bag. My theory - there was little reason to cover until now, especially with the pop in the last few weeks over the holidays. OTC pink sheet traders don't even have a symbol to trade yet?

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