Thursday, October 2, 2008

Robert Hsu and ATW

Original post date: August 9th 2008
Removed copyright content and reposted


The story about Mr. Hsu and Atwood Oceanics (ATW) begins on April 23rd 2008 with this message:

New Buy: Atwood Oceanics, Inc.

[usual blah blah]

Atwood in the Asia-Pacific Region

[usual blah blah]

Strong Financials


[REMOVED]
Therefore, I want you to buy ATW under $110. I expect Atwood shares to reach $150 ($75 split adjusted) in the next six to eight months, which would give us a nice short-term gain of about 35%. ATW was trading at around $108 that day ($54 split adjusted).



April 30th 2008: I want you to buy ATW under $110 ($55 split adjusted) prior to its earnings release.

May 7th 2008: Buy ATW under $110 ($55 split adjusted).

May 14th 2008: Buy ATW under $110 ($55 split adjusted).

May 21st 2008: [REMOVED] May 28th: Buy ATW below $110 ($55 split adjusted).

June 4th 2008: Buy ATW below $110 ($55 split adjusted).

June 11th 2008: Buy ATW below $110 ($55 split adjusted).

June 18th 2008: Continue to buy ATW under $110 ($55 split adjusted).

June 25th 2008: Continue to buy ATW under $110 ($55 split adjusted).

July 2nd 2008: I am raising the buy limit for ATW to $125 ($62.5 split adjusted).

July 9th 2008: I want you to continue to buy ATW under $125 ($62.5 split adjusted).

July 16th 2008: Buy ATW under split-adjusted $60.

July 23rd 2008: [REMOVED] Continue to buy all three below their respective buy limits.

July 30th 2008: Continue to buy ATW.

August 6th 2008: [REMOVED] hold ATW.

On August 8th (lucky 08/08/08 day for Chinese) ATW close at $39.54 for a -25% loss.

Mr. Hsu finally decided to sell ATW together with other crap.

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