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


To: Paul Senior who wrote (42012)3/28/2011 10:04:03 PM
From: Grantcw  Read Replies (1) | Respond to of 78686
 
Hello Paul,

Yeah, I guess my strategy so far with these Chinese stocks is to either buy companies that are selling below cash and buying back their own stock (ACTS) and/or ones with resources in the ground selling with projected p/e's under 5. I'm also beginning to look at the solar sector for stocks with projected p/e's under 5.

I feel like those three criteria:

1) Cash + Buy Backs
2) Resources in the ground of commodities where prices are rising
3) Decently-sized Solar companies known in the sector

Limit the likelihood of a stock being a fraud. So far, that's worked for me, but who knows. The stock market is a game of probabilities.

Thanks,

Grant



To: Paul Senior who wrote (42012)3/28/2011 10:33:54 PM
From: Spekulatius  Read Replies (1) | Respond to of 78686
 
re GFRE - I bought a tiny amount today too at 5.71$. Again the 5.5$ "Maginot line" held today - there appears to be a buyer out there that defends that line.

This is one of those cases where I have a stop in place. I expect that if the 5.5$ line is crossed, the shares will fall much lower (Path of least resistance). This is based on technicals only.