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

To: MCsweet who wrote (49603)	10/22/2012 3:45:55 PM
From: MCsweet	Read Replies (2) \| Respond to of 78655

Xin. Anyone still tracking this one? The stock keeps rallying. The recent property buys in the US and Beijing make it more likely IMO the stock is legitimate, but I think the recent move is on the heels of the ALN and YONG going-private transactions. Some other dodgier Chinese stocks are up as well on the news. I sold a little more today as the stock is in the mid 3's. It seems like hype and momentum are starting to pick up in the stock (not my favorite price movers), but I still own a core position as I still believe the stock is cheap. At this point, I believe operational risk outweights fraud risk for Xin, as they are moving outside their wheelhouse. By the way, several were warning me about China when I invested in this one. I appreciated the warnings, but since the slowdown in China is news basically only to people hiding under a rock, I thought those problems were already amply priced into the stock. Of course I'd prefer to buy an American stock this cheap, but none were available. I go to where the unloved stocks live. That is the nature of my style of value investing, which has been most successful in names that almost nobody is interested in. Best, MC