Zeev's Turnips Patch-No Politics (ZEEV)

[fabian]

Harbin...if it happens, deal to go through in spring...March-April most likely.
Market did not like latest engs report. It's been pretty harsh on SC China stocks, looking for what to dislike instead of what to like.
A few have gone up on engs, more down.
Just one example: HEAT got wacked...yet the report and outlook is good.
Same darn thing though...higher earnings totally offset by higher share count so a penny a share less engs than a year ago.
To some extent that is fine. The return on money invested that was raised by extra shares builds value over time, not necessarily a lot in the first year.
Still it is frustrating because Engs per share is important and the market is focused on it quarter to quarter.
It's taking a lot of patience with these SC China stocks. In some respects, they still have not shaken off the bear market that started last Jan.
There have been a few stars, generally the bigger cap one's.
Articles alleging fraud continue and still can have big impact. The latest...RINO...real ugly action in response to a Muddy Waters article.
Shorts have found a very lucrative game to play.
Gold and silver got a bit frothy in the short term. Consolidation and pullback is healthy at this stage.
Would definitly be a buyer of SSRI if one can pick the rough bottom of this pullback in progress.
F