chinese stocks are doomed, no matter why or how, this is just a matter of fact, CCME could bounce back to $14-15 on earnings but not morewon't see $20 again, stop dreamingfair value is around $8
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With a $20 price the stock would have a PE of less than 7. US stocks with the growth rate that CCME have PE's in the 50's. Fair Value is in the mid $30's.
still dreaming ?look at chinese stocks, a lot have P/E under 5, without any short attacks....