YONG- there are a few good apples
I believe we will see similiar investment by funds into the healthier RTOs over the coming weeks/months. However I wouldn't make many assumptions about which ones are the good ones. I mean an attack and subsequent halt can happen to almost any one of them at any time, even some IPOs are seeing that fate. Basically there is a major attack going on by knowledgable shorts with all China stocks listed on a US exchange. Therefore it's prudent to wait and see which ones get fund backing, buy back shares, pay a dividend, etc before investing in them. Some IPOs like CNTF are already recieving fund backing, so that helps, along with a tiny short interest. I think also that short interest levels help tell the tale as well as audited 20Fs or 10Ks, and timely quarterly reports.
Bottom line though, with a 3 PE fully taxed going forward, YONG is pretty safe play after the MS investment, and I hopped on board today at $5.22. Am now waiting for some others to show the same promise. Wade
