China Growth Stocks

[Traderfan]

SKBID, to be honest I'm not an expert when it comes to this stock as I never really looked into it but from what I have seen the latest news is kinda fishy. People clearly think that there are other problems behind the recent delay but that remains to be seen.

Speaking about the valuation I believe the company expects something like 1.70 in EPS in 2010 so if that is true and it comes to fruition the stock is cheap now.

I think we at least go to 8.65 and test the MA100 because if you look at the chart that's what the stock always did when it went down and it always found support at the MA100. Every single time in the last 5 months.

Unfortunately I have no idea how to put up a chart here.