Replies to post #1319 on China MediaExpress Holdings, Inc. (fka CCME)

[Traderfan]

On the other hand we probably have a wrong view on the stock. The market will probably tell us that this is the biggest company out of china for the last 100 years. Just look around. 80% of my china small cap stocks have a PE of 5 or lower. CCME has 6-7 right now so in fact the market is absolutely ultra positive about CCME. :-)

[derek2000]

I think a lot of people here share both the disappointment over the stock and the like for the company. This split feeling of love/hate could easily test one's patience.

The institutions have started buying but the size/quantity of the buy is limited by the crash in Shanghai and US markets. De-risking is what the funds are doing at this moment. CCME, unfortunately, is part of this unloading because its volatility. CCME will likely show more strength if, and only if, Shanghai market is stabilized and starts meaningful recovery.

I added some at 12 today. Have standing order at 11.50 for more. I like the risk/reward calculations here.