I still won't be surprised to see another 50% drop this summer in China stocks, so while I already have some China shares, like ABAT, I am holding back some dry powder for some real serious market lows if Washington mucks with the debt ceiling this summer, and Greece and the other Euro-PIGS are still floundering, and the shorts take one bit out of the markets. I learned that lesson in 08-09, not to get all in too soon.
ABAT could easily drop to .50 on momentum before it bottoms. I still think it was a steal at $2, so I like it even more now, but long term value, and short lows are different topics and certainly different targets!
GLTA but the shorts!
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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