InvestorsHub Logo
Followers 742
Posts 61690
Boards Moderated 10
Alias Born 10/05/2009

Re: risktaker2010 post# 535

Saturday, 05/19/2012 12:05:03 PM

Saturday, May 19, 2012 12:05:03 PM

Post# of 663
I see it as a good sign, not a bad sign, but retail investors are few and far between on this sort of China stock, and they seem to have panicked already, and the markets are nearing world wide panic mode, and have already panicked in Europe...... I have a large bid waiting for the fall out myself on CGYV, as I see it as a great buying opp on a good sound company, at heavily discounted prices.

They had this restated earnings issue 3 years ago with a new top four auditor upgrade, and that also became a dirt cheap buying opp, that took us down to 20 cents, and 18-24 months later we went back to $1.34 for a nice 5 bager. This time we may get way cheaper, like down to .05/share if the summer and Europe get real nasty.

My summer start buying like crazy target here is .05 area and hold for 1-2 years.....

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