Deer Products Follows Up Guidance After Secondary (DEER)

Posted in pre-market 
December 18th, 2009

Deer Consumer Products, Inc. (NASDAQ: DEER) is trading higher this morning after it raised its guidance.  As it is a Chinese kitchen appliances company with no real analyst following, this ‘raised guidance’ only has bearing against what the company said.  But if this stock sounds familiar it is because they are the ones who recently did a deeply discounted secondary offering.  At 8:37 AM EST we have shares trading up 9.9% at $11.55 on 39,000 shares.  The 52-week trading range is $5.09 to $18.97 and the average daily trading volume is now listed as over 200,000 shares due the post-secondary offering volume influx over the last 5 trading sessions.

JON C. OGG

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