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BiotechValues

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BiotechValues

Re: None

Thursday, 12/10/2009 10:16:06 AM

Thursday, December 10, 2009 10:16:06 AM

Post# of 2542
I have begun buying in the low .40s.

To management's credit, they did warn that this year would be difficult as they restructure.

That restructuring should be nearly complete and CHCG is trading well below cash/share at this point.

I don't recall ever losing money when I bought a stock at a Williams % R of -80 or -100 that's trading for below cash. This is one helluva oversold stock now, and CHCG has excellent potential to be a strong turnaround 2010 play.

Risk/reward looks favorable at current levels IMO.

“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”

Warren Buffett

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