I noticed that some people are selling NUIN for 0.72. HERB for 0.77. KGJI for 0.92. CCCL for 1.19.
This is crazy... It's like selling a $10 bill for 50 cents because you don't feel comfortable holding it. Or because you think you can only get 40 cents for it in a little while.
I knew that most of these Chinese stocks would come down, following the Q1 rally. But I'm not selling them. My strategy now is to hold on to the most severely depressed value stocks and ride out the storm. Eventually there will be a big buyer. We could have done this the easy way if organizations like JordanFonden would simply buy these stocks. But no, they have to lose a ton of money on stupid oil stocks and gold. So we are going to have to do this the hard way now. But like I said 1 or 2 years ago when Solomon was still dumping SIAF stock all over the place, I will come out of this a winner either way. Stupid, stupid, stupid.
