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Alias Born 01/02/2005

Re: None

Thursday, 04/21/2005 10:51:38 PM

Thursday, April 21, 2005 10:51:38 PM

Post# of 467
I am a lurker here on this board and RB... and its funny how the mood in the board community changes, depending on the changes in circumstances.

Just for the disclosure, I have bought in end of December on a stock screener that I run at end of every week, and noticed APYM and fell in love with it (opps, I am not supposed to...) I am sure every long here knows of the potential this stock has over other pennies out there, so I won't bore you with that. Its been a quiet a ride, all the ups and down, and tested my nerve to sell on alot of occations, but not only have I held on, I've been unloading other plays to buy more of this stock over last few days.

I had no idea that we will ever see 1.30's (almost 58% retracement from the high) but when the opportunity comes, you have to take advantage, don't you not? (there you go, now that I said that, we will test that range once again :), hopefully not) The fact that APYM, being a fast growing company, and with new section 404 of sarbanes oxley to adhere to, it should have been understandable for the late filings. I believe if not mistaken, over 30% of publicly traded, including the blue chips have requested extentions for late filings this year. As far of some of the doomssayers saying it might be due to fraud..., well, sometimes you just have to trust the management as hard as that might sound.

As for the future, please read following excerpts:
<<No credit card system exists for 99 per cent of local consumers, who instead have access to a debit card system known as China UnionPay, which they can use to purchase goods and services.

"When the time comes, I believe the mainland's debit card payment system and credit cards will develop in tandem. There is already a strong debit card culture well established here, so people are getting used to non-cash transactions," he says, adding that the only thing holding the nation back from developing a local credit card service is its accession to the WTO, due in 2007. "When that happens, we anticipate that credit cards will be able to be issued here," he says. "By the time the Olympics come to Beijing in 2008, we hope there will be a fully established credit card system in place," he says.>>

http://www.chinadaily.com.cn/english/doc/2005-04/19/content_435400.htm

The aforementioned is the main reason for me buying this stock in December and held and added through now and unless things change through 2008, I will hold and sell to the instituions funds at $______.

Anyways, sorry for the long post and good luck to all and will be getting back to lurking mode.

cdrom



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