Replies to post #85316 on China Growth Stocks

[nsomniyak]

perhaps they are the cream of a very weak crop?

[Bangkok Bob]

traders that jumped back into PUDA I bet arent too happy...

its almost not even worth takin a shot at this crap anymore

[Drexion2004]

GURE was always a high risk stock, just look at its short interest for gods sake. Many people liked it, traded it, but they are certainly not a 'cream of the crop' in terms of safety (Especially after numerous short attacks).

CNTF is not a likely fraud as far as I know -- I don't think many people are betting in that direction either. I don't own it because I dislike the industries it operates in and dislike their non-usage of cash + lack of shareholder friendliness.

You want to reduce your fraud risk? Start by investing in companies with less than 5-10% of the float being short. That by itself will give you better results than 'rolling dice'.

-Fernando

[Traderfan]

Well everybody needs to assess that for himself, I personally look at the things they do for their shareholders and then I make up my opinion. There is no rulebook obviously and nobody can ever be 100% about any given company. I personally also don't care whether anybody agrees with me or not about any particularly stock. I make up my own mind.

Just because CNTF came in with lower margins despite their guidance doesn't mean they are a fraud, it just means that their management is either stupid or they could really not foresee this in june. If they would be a fraud chances that they would come in with these lower margins are small so that at least speaks for them.


Not for nuttin, and I dont mean to sound like a shmuck, but whatever system is being used, the record here of weeding out frauds seems worse than rolling dice

[researcher59]

Nelson - now that CCCL, VALV and OSN have crashed, it's worth revisiting you somewhat comic post, though it may be less comic and more tragic for those who invested heavily in these losers.

The board favorites undeniably have a poor track record, even relative to the abysmal performance of the entire space as measured by the ChinaMicro100 Index. CCME, a long time board favorite is the biggest loser YTD in the index.

I have tiny positions in CCCL and OSN, but under 1% combined, so fortunately not a big concern. My total net long exposure to the China microcaps is currently under 4%.