LLEN - Derek, apologies if I came across as a basher. I like LLEN. It's definitely a buy-and-hold worthy investment. They have the best management team and credibility in the space. Hands down. Execution is top notch. That counts for a lot, especially in an environment like this. 20.00 is definitely achievable over the next 12 months assuming we get a China rally similar to the rally that occurred last fall. And 12.4 is not an unreasonable P/E in that type of market. Let's hope it happens ;-)
The reason why I don't want to buy the stock right now at 10.30, however, is because of the technicals and the price premium compared to other china coal plays.
I don't think buying strength is a good idea in this market. If PUDA puts out a killer quarter, and moves up to 10.00 like LLEN, I am not going to recommend that people buy PUDA. Not unless the macro-technical picture changes. That's because every pop I have seen for the last few months has faded. Every time I have bought a pop, I have lost money. So rather than buy LLEN on this pop, I would rather buy the oversold PUDA which IMO offers a better projected earnings valuation all things considered in addition to trading at the low end of its range.
So again, I do not mean to bash LLEN. If I get another crack at 8.50 type prices, I will be all over it, and I'm sure that others here will be as well.
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