China-Biotics, Inc. (CHBT)

[Florinda]

BigOnChina, I hope this isn't a foretaste of what's to come with all the Chinese earning releases set to come out over the next 6 weeks or so. Unfortunately, though, I suspect a lot of people are itching to get out of their China holdings and will use good earnings to do so. With the headwinds as strong as they are for this sector, and with many pounding the table about an overdue correction for the markets in general, those of us still holding (NEP!) will probably get it handed to us.

If there's any truth to the old saying that when everyone is running for cover is the time to buy, then perhaps we're very near the bottom. Don't really have much of a feel for it myself though. No money to act on it anyway. Just hope all the hub hub from the hit pieces doesn't turn this sector into a worthless graveyard. Given how dead this sector has been--at least in the little universe of stocks I follow--I was surprised to see a SA article two days ago wherein the author was recommending shorting the entire Chinese small cap sector--which he himself had claimed to have done--because of inflation worries and the negative effects that that will have on China. So, are we really near a bottom? If the S&P corrects it seems unlikely that this most vulnerable of sectors won't follow suit save perhaps a few exceptions.

Good luck to all. Also, thanks a lot, Viking, for distilling the numbers again. Much appreciated.

Steve