Replies to post #288 on Weikang Bio-Technology Group (fka WKBT)

[GenNattyGreene]

It takes some pecans to buy at 52 week lows in this space when overall sentiment is at the lowest I can ever remember, but greater risk can bring greater returns. I am still buying WKBT into the 1.40s after thinking that the 1.50s were the bottom.

Some stock paid consultants may be selling to raise cash, but these are not the WKBT holders I am following for sell advice. They got shares for a service and need to convert that to cash for their own business purposes. I get that. The bearish sentiment in this space is not bringing in the buyers that WKBT needs to offset these compensation sellers and scared retail holders.

I do not know when these sellers will be done, but I can not help but buy at 1.6 PE on 2010 audited #s.

[Headley Lamar]

I think is is the recent demise of CCME and others that are dragging all the other CGS with them. My personal point of view is that we are getting late 2008/early 2009 prices again and in a year or less when the fraudsters are flushed out we will see another bull run. There are plenty of good companies left to chose from. We may have another 20% or so to go before we get there though. That is why I am averaging in right now, not jumping in head first.