This is some great news for the future of CSGJ. Cant believe the market didnt react positively to this news but ppl still seem to be skittish of china at the moment.
People like Chanos the China Bear running his mouth dont help the situation any.
I'm not scared at all, and when I have some dry powder I will add if this is still this stoopid cheep.
SRRYQ is back to SRRY. Flipped out of the extra shares I bought a few days ago @ .21 - sold them for .335 and bought a starter position in Ming Yang, MY, @ 10.11 Added a bunch of free SRRY to my core position from that nice little manuever. SRRY was never in the least bit close to being BK, and I believe they settled the dispute with an old creditor of the company they bought and then took public. SRRY was not even aware of this debt being owed by the company they bought, they contend. The quickness with which they resolved the situation showed me alot about their regard for shareholders. And they actually communicate with us, I love it when they send old fashioned mail updating us shareholders.
MY is another one that is way way undervalued at this level and I will keep adding as much as possible to this position between 10 and 11. It is a forward P/E between 6-7 and NYSE listed. Sexy sexy sector too, and every single unit they can produce is already sold for 2011 and half of 2012. They are the biggest offshore wind turbine producer in China and are winning gov't contracts left and right. Let's please add this to the index now! When the market gets its head out of its ass this will trade between 15 and 25 forward P/E.
Note on LWLL. I sold out my position @ .12 quite awhile ago. Dont dislike the company, but I just have been watching it spin wheels forever it seems and felt like my money had better chances in other places. Simple as that.
malc.
