Replies to post #69553 on China Growth Stocks

[Drexion2004]

CGPI: I had been selling for days based on the rumors and my need to raise cash... This is a low liquidity stock after all. Regarding a conference call, I was referring to the one Maj had with management the evening before his article. Nothing in the article, I believe, came from management in the CC. It was all from Maj's investigators. I was on that CC to try and help Maj with his efforts to resolve the many issued he had dug up. I expect I will continue to help these efforts to provide clarity with regards to the companies in our space whenever I can.

You keep talking about insiders but it takes work! 2+ hours trying to clarify arcane issues from people with thick accents is not easy... Neither is interpreting their responses. Not to mention reading very long reports from investigators a few hours before any such CC( I had no position in the stock when i first read his investigation report). If you, as an investor, want to conduct your own due diligence investigation you are welcome to. If you wish to access some else's work (which cost them money to do!) you need to come to an arrangement with the person. Regarding Maj specifically, I believe he will soon launch a subscription service where people can view what his investigators find.

-Fernando

[Shengli]

RE: CGPI

Ill say one thing here. When Fernando advised me publically that i shouldnt be adding to the stock . The stock was much higher . Fernando has replied to me two times in the past year and both times i went against his advice i lost money . I went back and analyzed my personal trading in CGPI and realized my mistakes. When Maj released the information about CGPI for some reason my mind grouped it into more typical negative stock bashing . I forgot one thing . Maj is not a short seller and is pretty reliable . Then other investors who are China stock defenders started raising public questions here and i blew them off . I sold at 3.5 while i could have sold at 3.7 or higher but i got caught up in my own inner mind trading. I made several mistakes with CGPI . I have only myself to blame . In September i was trading in and out of CCME and missed a 4 point uptick . Fernando at the time warned me about this . I should have listened to him . His advice has been very solid . He gave me the advice free . He has been very solid and i am very grateful for him . Some people here may have closer relationships than others and i believe thats part of life . I only can hope to earn my way in to better relationships with some of the experts we have here .One way to earn that right is through a paid subscription and i would gladly pay that . Some people here devote 10X the time than a guy like me can so if they develop special relationships i completely understand that. As far as violating any SEC rules i think what goes on here is so far from that is inconceivable. Look there is a good chance CGPI will be fine and if you believe that you have a chance to add a lot more at much lower prices . Joe has been buying at these low prices and he believes that it will go higher . GLTA and thanks for a wonderful board

[Post-it]

Feel some sympathy with Cliffvb; makes one realize that a lot more is going on than what is apparent. Having said this, Fernando and Maj are of course two of the best informed and respected contributors.

I personally was quite unhappy with Maj's article about 27 red flags in the Chinese RTO space. The reason is simple, he did not own the stocks mentioned (except WKBT I think), while I had 60% of my investments in a Chinese small cap basket. Though I had at the time only 2 or 3 stocks mentioned in the article, the effect of the article in my view would certainly not improve the prospects of the stocks in this space (who would in fact be enthousiastic about investing in such a 27 red flag minefield...) and I then decided to seriously limit my CGS exposure. Please don't get me wrong, the article itself was fine, but the title was unnecessarily alarmist imo. I happen to think that many of the (less deep) red flags are already discounted in PE's of around 7.

I have a similar simplistic approach to CGPI (which was very heavily supported on this board until not long ago if I remember well): if only half of the essence of their story is true, it is a stock with a PE of 4 to 5...

Still enjoy very much reading all contributions to this forum, high level of insight and good sense of humour!