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Re: worthylion post# 10613

Monday, 05/02/2005 2:16:15 PM

Monday, May 02, 2005 2:16:15 PM

Post# of 173793
AOBO....it's a Chinese company and there are huge swings in "euphoria" and "despair". There could well be trading rallys but I don't think the "time to load the boat" is at hand.
I've got a little experience playing China companies. Traded in and out of NYSE listed CYD for years beteen $4 and $1. When it broke $1 I sold out of my position when it was trading at a P/E of 5. It proceeded to trade down to a share price of .26 cents and a P/E of 1 1/2. And that was a NYSE listed company! It did rally in the next year 2 years to $37 so it pays to be patient.
AOBO may someday do the same......I'm just not confident the bottom is in here yet at all for AOBO.


Rogue

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