InvestorsHub Logo
Followers 20
Posts 1006
Boards Moderated 0
Alias Born 05/24/2010

Re: value1008 post# 519

Saturday, 01/22/2011 8:01:36 AM

Saturday, January 22, 2011 8:01:36 AM

Post# of 948
I agree with everything that you said. I am a retired investment banker and have seen this happen before, again and again. Remember, John Templeton made great profits from penny stocks!
This China sector could produce fantastic returns over the long term. The problem is that you need staying power! You also have to have the guts to buy these stocks when they are down and destroyed like they are now. Sure they can drop further but you want to buy them in weakness. The Chinese Government is certainly going to support this sector because it is very important to the health of their population. I feel that you will see some positive statements develop in the not to distant future that will confirm this feeling. With this particular stock I just want to see this land appraisal dealt with.