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Ecomike

06/20/11 12:15 PM

#604 RE: southerncross #603

I still won't be surprised to see another 50% drop this summer in China stocks, so while I already have some China shares, like ABAT, I am holding back some dry powder for some real serious market lows if Washington mucks with the debt ceiling this summer, and Greece and the other Euro-PIGS are still floundering, and the shorts take one bit out of the markets. I learned that lesson in 08-09, not to get all in too soon.

ABAT could easily drop to .50 on momentum before it bottoms. I still think it was a steal at $2, so I like it even more now, but long term value, and short lows are different topics and certainly different targets!

GLTA but the shorts!