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

To: Jurgis Bekepuris who wrote (36799)	2/28/2010 6:06:27 PM
From: anializer	Respond to of 78599

In the Chinese sector I too sold CHBT on Friday, looking for a dip. As usual, I doubt that I'll get one. I'll hang on to WATG, but may take off CAAS if it gets more traction this week. I'm thinking high 22 area doable. Maybe better. I also continue to hold CGA.

To: Jurgis Bekepuris who wrote (36799)	2/28/2010 7:55:55 PM
From: Spekulatius	Respond to of 78599

re CELM looked like the best of the bunch initially until I read this: Corporate Information We were incorporated in the State of Delaware on October 11, 2007. We were originally organized as a “blank check” shell company to investigate and acquire a target company or business seeking the perceived advantages of being a publicly held corporation. On May 6, 2009, we (i) closed a share exchange transaction, described below, pursuant to which we became the 100% parent of Attainment Holdings, (ii) assumed the operations of Attainment Holdings and its subsidiaries, including Shenzhen YPC, and (iii) changed our name from SRKP 21, Inc. to China Electric Motor, Inc. Shenzhen YPC was incorporated in November 1999 in Shenzhen City, Guangdong Province, PRC. Luck Loyal is primarily a holding company and was founded in Hong Kong in October 2004. Attainment Holdings is primarily a holding company founded in the British Virgin Islands in July 2008. Why does a dinky 100M$ market cap company need to go through a holding company in the Virgin Islands, another holding company in Hongkong to run their electric motor business? Then there is this Li Conversion Jianrong Li, one of our directors, agreed to convert approximately $1.3 million owed to her by Attainment Holdings into shares of the Company’s common stock on the effective date of the public offering contemplated herein, the conversion price of such to be equal to the per share price of the shares sold in this public offering (the conversion shall be known has the “Li Conversion”). Hmm, a director lent the holding company in the Virgin Island money and got paid back via IPO. Good for him. There is some more - 600k to acquire a shell company ia mentioned somewhere in the 424B . I can't help but this IPO has the smelly stench of self enrichment allover it.

To: Jurgis Bekepuris who wrote (36799)	3/14/2010 4:22:30 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78599

My top 10-ish positions in no particular order: GTE, GFRE, TIP, GLW, GPOR, FR-J/K, IACAF, HOG, RIG, EMB, NRF-A/B, IDG/IGK/IND, JNJ, NXY, OXY, PKX, SDTH. New positions: NRF-A/B, COPJF. Positions increased: IDG, CPBY, ASRG, SGZH. Positions reduced: TIP, SPPRO, CHBT, GFRE, GPOR. Positions eliminated: SLT, DYP, AXP, HRP-D. More reorganization in income part (NRF-A/B, IDG, TIP, SPPRO, HRP-D). Largest shift there was a purchase of NRF-A/B position. I think these are trading at attractive prices. Position increases in equities that I still consider undervalued (CPBY, ASRG, SGZH) using cash from sales. I finally spent some time on Dale's COPJF suggestion and decided to establish small position. SLT and AXP were sold on valuation concerns. AXP is also too complicated for me. GFRE and GPOR were reduced from large positions that have gone up a lot. I decided that DYP, although cheap, is not in an area I want a long-term holding and exited the position.