Citron and shorties seem to share your view, that's why they mount this desperate last-minute attack last night. I think that just shows how really scared they are that the stock may bounce quickly today upon earnings and updates,including a possible guidance for FY2011. I am hoping to see for Q2(FY11):
rev above 28m NI 11m eps 0.45 ttm eps 1.51
I would also like to see them report 16 to 18 tons of bulk production (vs 15 tons last Q)which tells me the ramp up at Qingpu 1 is on track.
The stock traded at a PE of 14 at the end of 2009. Give it a lowly 12 to 13 for now, it should trade at $18 to 19.6 after today. Maybe we will see some profit taking and "sell the news" today and tomorrow before the runup resumes. Technically it has broken out of the upper trend line.
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