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

To: Grantcw who wrote (42010)	3/28/2011 8:58:15 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78670

Well, I've been battered by most of the Chinese stocks I hold. If they were USA companies, I'd be more willing to hold on. At some point, with so many of the Chinese stocks at 3-5x p/e multiples and the companies publishing favorable expectations for business for '11-'12, one has to wonder if there's something else going on other than misplaced fear continuing to drive these stocks down. I closed JST. Have been in this one since maybe '03. No longer willing to hold a small Chinese company with moderate prospects and a p/e of maybe 8x in current market. I added to GFRE today also. Very small position for me. With a p/e of 4 for an industrial chemicals company, I'll chance holding on. Gave up on auto parts supplier, WATG. Sold at loss. HEAT. Still holding on to it as it continues to fall. FSIN. Holding for possible buyout as stock falls ($8.83) "A group headed by Fushi CEO Li Fu has offered to take the company private in a deal that values the company at $11.50 per share. (An analyst)... said it's possible the company's weak outlook could harm financing or affect the price of the sale."