Wow..there seems to be a lot of negativity all of a sudden over here.. The stock doesn't trade in a straight line up, and it's all gloom and doom? Come on folks...the thing that had me holding back for a few days was the looming China rate hike, which didn't happen (reserves raised instead).. Now that they have made a move, the market should feel less cloudy, but of course there was going to be a knee jerk reaction...what I like to call "retail robbery"... I think that'll be behind us in by Tuesday of next week at the latest.
One thing that continues to impress me about the Chinese gov't is that they don't rush into any rash decisions..
It's pretty funny that everyone assumes that because they didn't buy back shares in the first few days that they're is not going to be a buyback of any sort, and that this automatically means there will be no dividend either.. How quickly everyone forgets that other than the buyback, management has done everything they've said. I wouldn't count them out just yet..
New favorite quote, "It is not an expensive stock, it's an advertising on bus company. I mean I'm not kidding, I don't make this stuff up. I recommended it back when it came public." -Cramer
