The sharks sand fools whom had pushed PXM as high as 3,900 more than a week ago are paying for their stupidity because they could not sell PXM at any price for more than a week. PXM will be removed from HOSE so many dumb share holders will be stuck with a worthless souvenir of a very bad speculation even that I had repeatedly warned them about PXM. The fools do get what they deserved!!!!!

A couple weeks ago, I was amazed when PXM rose from 600 to 1800 in a hurry because some investors had inside knowledge of the profitable 3rd quarter. PXM sale is still very bad ,but some "comrade" bankers decided to waived the interest and penalties on PXM past due loans that lowering the loss on previous quarters thus a profitable 3rd quarter of 2013. PXM 4th quarter will be another big loss unless the "comrade" bankers will accept some worthless equity at PXM for their past due loans!!!!!!!!!!!!
PXM management will (most likely) use the little reserve which was put aside to cover these past due loans (if any !!!) to give themselves some pay raises and Tet bonus so they can have a happy holidays while the dumb shareholder loosing their shirt!!!!!
I had learned a good lesson in my PXM gamble so I can maximize any gain in future speculations.

"There is a sucker born every minute or the greater fool theory".Which is more correctly describe the speculators who have bought PXM lately?
I started to speculate in PXM last month when it was stuck at 500-600 VND for more than a week. I was happy making a little money in that range when some fools (with inside knowledge of the 8 billion debt by PVX) push PXM to 1,200!!!
They did help me and Mr. Tran Xuan Mo (a director who sold 40,000 PXM) a little richer than we deserve!!!
The trading restriction on Nov 1st and a bad 3rd quarter report will send PXM down to 400-500 until it get kick out of HOSE.
PXM stock holders can kick themselve because they did not listen to my advice to fire the board of director last year. I am giving all PXM share holders the greater fool award. I wish that I can have the list of these suckers so I can sell them the Brooklyn bridge.

I had reviewed all public information regarding the recent jump in PXM price (500 to 1,200 VND) and the only possible good news was that PXM may get another 8 billions from its cash-starved parent company (PVX). Even if PVX is willing to pay, 8 billions is only enough to pay salary and bonus to the mismanaged PXM management another few months.
I am expecting another bad 3rd quarter report for both PXM and PVX. Even if their 3rd quarter reports are 1/2 as bad as their 2nd quarter reports, they are a few more nails on PXM coffin while PVX will have negative net worth.
The only reason that these companies are not bankrupted is that their management can still exploit whatever left of their dead bodies to pay their salary and bonus making sure that stock holders will get the whole mess (hook, line and sinker).

After a very bad 4th quarter report, PXM is on its way to the target 1500-1700 that I had set for it a few months ago. If the 1st quarter of 2013 will be as bad, PXM will be bankrupted a few months later. I feel sorry for the investors whom did not believe me, but they are qualified for my greater fool award.
The current PXM board of directors and its greedy managers are only interested in bleeding PXM untill it is dead. I will not be supprised if there will be no share-holder meeting in April. After PXM is run out of cash to pay their salary, they will bail out and the share holder will be stuck

My predictionthat PXM will hit 2000 VND a month ago had finally came true on 9/11/2012!!! If I really believe in my own prediction, I would make some serious $$$.
Because I am expecting PXM to have a bad 4th quarter, PXM will be 1500-1700 VND just before the Chinese New Year. IT will be a happy new year for me if I am correct again.

Another bad 3rd quater is sending PXM to under 2000 VND before this weekend. PXM lost more than 90% sale (comparing with last year), but its expenses did not lower any comparing to its sale !!! PXM is keeping a whole bunch of worthless employees and managers at the expense of its stock holders. I am betting that PXM will give some year-end bonus to these bumps to reward their poor performance!!! IF YOU WANT TO DO SOME THING ABOUT PXM, LET ME KNOW; otherwise, you should get out before PXM is bankrupted.

My prediction was almost perfect when PXM did lower to 2,100 VND before some bottom fishings and short covering pushed it to 2,500 VND then lowering to 2,200-2,300 VND.
PXM will be trading in a short range (2,200-2,400) for the next few weeks waiting for the 3rd quater report. I think the report will not be as bad as the mid year report because of lower interest rate and goverment spending, but PXM will still lost money and its stock price will be below 2,000 VND !!!

I was correct that PXM will go to 2,500 VND (Sept 25, 2012). Based on my observation, PXM will be selling for 2,400 VND on Sept 26,2012 and it will keep going straight down to 2000 VND regardless of the market conditions!!!
Investors are scambling to bail out of PXM. PXM business has been bad for more than 2 years. Last year PXM was saved by selling a big hotel in Danang. This year PXM is screwed up (a gas bridge which was built by PXM had collapsed because of EXCESS RAIN caused shifting sand = what kind of engineers that are working for PXM???= Who will ever want to hire PXM to built another structure???)again and it does not have any asset to sell without taking a huge loss.
PXM board of director and its management had not taking any drastic action to cut costs (employment, salary, bonus,...even charities!!!). If the board is unable or unwilling to take these cuts, they should resigned; or we, the investors,must fire them because PXM may not survive till the April 2013 stock holder meeting

Just-In-Time!!!
On the 14/09/2012, after I read about the collapsed gas bridge, I was successful cutting my loss in PVX and get a little for my PXM misadvanture. Later I read about some PVX bosses were in jail for "mishandling" a large chunk of government money. I am sure that many more PVX bosses will get into hot water and PVX will be about 3000-4000 VND while PXM will be 2500-3000 VND when all said and done before the end of this month unless management shall take some honest, straigh forward PR action.