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BiotechValues

10/13/09 11:52 AM

#405 RE: Traderfan #404

"Let's go with a ttm of 25 cents."

There is no guessing with ttm PEs!

The ttm eps for CKGT is .31/share as reported to the SEC.

The ttm pe at $1.80/share is 5.8, not 7.5

Additionally, CKGT's business is cyclical- with q3 and q4 their strongest- so the best income of the year will be reported in q3 and q4. That is their history, and it was also mentioned in the presentation they did a month or so ago.


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snow

10/13/09 12:43 PM

#406 RE: Traderfan #404

I and others referred to expected earnings per share next year and not this year. If you read other posts by other posters here you well see that more than one refer to prospective p/e ratios of 3-4, which is exactly what I did before reading their latest posts.

I agree with you that there are cheaper stocks right now. CNOA is the best example of that. Here is what you wrote: "think not too many are in right now just because the stock is not really cheap anymore and the cigs have to proof themselves first."

You now state: "I just know that I can buy cheaper and more attractive stocks out there for the moment. That's all I said and this is not a matter of "nonsense" but a matter of opinion." If you compare these statements it is clear that the second is not correct. Actually you stated that these shares are not really cheap anymore, which is what I stated.

The fact that MYST has risen more than CNOA in a certain time frame is of course no proof that it was cheaper than CNOA. But I agree that MYST is very cheap too. It is not true that CNOA has a lot of issues but there is a law-suit that makes some worried. Others regard it as frivolous. You are right that looking two weeks ahead MYST was the better buy. That may or may not change if you had looked for instance two months ahead as I did. Things are different if you are a trader looking a few days ahead compared with looking much further ahead. I did not expect MYST to start climbing now because I was aware of no reason why it would happen. In the same way I have been very wrong regarding some other companies like CHGY which I think has risen a lot for no good reason.

There is just one thing that I regard as nonsense, which is that CKGY is not really cheap any more. Almost all the Chinese microcaps that you are in are cheap buy to varying degrees.