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Re: ~ Blue ~ post# 839

Monday, 08/08/2011 10:17:01 PM

Monday, August 08, 2011 10:17:01 PM

Post# of 2254
Unfortunately that report says they once owned over 5%, and now own less than 5%, so they sold some since the last report.

Maybethistime, In reply to your earlier post:

Only 2 of my stocks closed green today, on a record-book down day for the markets (top 10 all time status), where 98 out of 100 stocks closed in the red. And it was an ABAT competitor that reported another quarterly loss last week, CBAK, that closed green today (even I was surprised). Both of these stocks (and about half of my longs) failed to make new 1-3 month lows today, while higher quality stocks I also own like AA, FBC, CRBC, CYTR got slammed again, to new 2011, or 52 week lows. C and BAC got murdered down over 17% at one point today. AA was down 11% more today, already down about 33% in just 3 weeks or so. Right now, nothing is safe, but I suspect stocks like ABAT and CBAK already bottomed (as they have held up better in this sell off, maybe because the buyers of ABAT recently were falling knife buyers with stronger hands?), and they will make a hard run back up when the panic rally and panic short covering starts, which might be right after a nasty gap open down tomorrow. So I am still long here. Most of my junk penny stocks and China stocks way outperformed my blue chip and bank stocks today, telling me they already bottomed, some 1-3 weeks ago.

Any real estate bubble in China (which I do not buy), if it busted, would just drive people to buy more low cost, fuel efficient transports, hybrid-ebikes, instead of Hummers.... IMHO.

I am sticking with this one. Same for MNLU and AEXP(as you already know), but then again, as I think you know, I am more of long term view stock buyer than maybe you are.


Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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