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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (17465)	7/31/2003 1:19:38 AM
From: Steve168	Read Replies (1) \| Respond to of 78523

Godot, yes China stocks are red hot now. I sold more SINA yesterday at 38.31 (GTC order triggered at open price, higher than my limit order at 37). Now I only have 100 shares left as souvenior. I bought SINA over a year ago at $1.5 when it was trading under cash value. It was losing money and extremely out of favor at that time. It takes courage to buy under cash stocks because the only reason they are under cash is business does not look good. I am buying PCYC since it is trading under cash and with phase III cancer drug in trial with positive early results. I believe there will be a chance to sell it at least 50% higher price when some positive news hit in the next 12 months. Today my GTC buy order 3000 shares at 4.51 filled in many small 100 shares lots, people were selling 100 shares lots to me, maybe some desperate small shareholders finally gave up on the stock. Never chase the stock on the run up, put buy orders at lower price bound, currently $4.51.