Replies to post #7 on Tianyin Pharmaceutical Co., Inc. (TPI)

[Arena Bursatil]

This is potential

with the approval of 2 new drugs, the net income for 2010 is at least 10m so is trading about 10 pe---

but they expect for 2011 a 70% growth.....so with a 2011 forward PE the stock is really cheap at this price.....

i found this a very interesting stock, the only problem i foresee is a posible dilution....

[pappy]

"4.00 nice level to step in."

Before last weeks decline getting tpi @$4 seemed like wishfull thinking unless we have a market correction.

Well last week we had that correction & we probably will have some more follow thru weakness next week as well.

The r/s of tpi was not good during last weeks decline thus I will be watching to see if it holds at the top end of my buy range of $3.68 based on a proven theory of mine.

Theory; On a market correction investors tend to protect profits by selling their biggest winners of the past advance,,,thus buy past market leaders on 30-50% correction from their previous highs.

Since I only expect a 5-10% overall market correction a 30% correction should be closer to the buy point than the more severe 50% drop that should only occur if the markets continue to drop or the fundamentals for tpi are changing.