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China Advanced Construction Materials Group, Inc. Message Board

  • meducla meducla Sep 23, 2010 1:36 PM Flag

    what the f***

    is going on here? They keep announcing new contracts and the pps keeps dropping like a f'ing rock. Anyone have a clue?

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    • as dumb as it is to say it, this isn't so strange in light of most chinese small caps. most are below book value which we're barely scraping past that mark right about now, and on top of that any association to a cooling chinese real estate market might be wavering in some peoples minds along with that ever persistent fear of a fradulent accounting basis.

      that being said, i think cadc's approaching a "fairer" value to the trend of its peers (small cap chinese stocks) regardless of its own individual accomplishments. Personally i'm loading up a bit more since we're hitting that resistance mark of $3. There's still potential to go down from here though. just not a rational basis for it.

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