Geely Automotive Holdings (GELYF)

[mjkiii]

Heard several places. One spot Automotive News China published article 7/17/06 with picture of Li Shufu quoting him as saying Geely Automotive Holdings has abandoned plan to introduce budget cars into USA and that he is hiring outside help to try to develop a car for us, etc.,etc.. Other statements reflect interest in eventually building a car plant here to produce this 'future' car. Expect this is more than rumor since it is right from horses mouth so to speak.
Remember your lecture when I asked a simple question about GELFY. DO YOUR DD!! Above news is apparently around, Tacoma, Vancover, Detroit, and Hong Kong. Sould not be surprised to see stock go back to $0.05. Still think it is a great opportunity for ground floor exposure...but much longer time frame. Will buy more at .04 to .06.