JASO guided rev up 20% but margins are falling.Te stock did not crash as you expect WX to do.Worst case scenario is WX finishes at 21-21.50 in a terrible market tommorrow.WX guided up 35% and the margins should improve next qtr.I bot 1000sh at 21.50 -if you short wait until it hit 23.50 and be sure the mkt is bad or else you will get crushed.I respect your point of view but this will be a 30 stock after mkt turns up.
No, I am not that good. But I am getting better.
In 2002 at lowest low of market, when not many were hot about Chinese market, I have a friend who in the internet business told me about SINA, SOHU, NTES. He told me to buy...I did, but with very little capital committed. and I took a 20% profit......WAY too early! So I learned to committe big capital and hold at the right length of time.
Anyhow, WX may stay at around 20 for a while. The trading vol is too small for me to play any longer... Have been fun.
Good luck all.
But I have another financial advisor told me, this year, the market could reach to very high, DJ would be up to 20,xxx somthing, currently only 12,xxx. He saw the credit crunch issue much earlier than anyone else and warned everyone so urgently in 7/2007. He said there would be two big crash in the market in 2007. We saw it exactly. I see for some point you are good, but don't be stuck on there for too long. As I said there will be only few chances, very very few chances to buy at this level. Let's see my prediction is right or not.
dude im not disagreeing with you - it depends on your position, long vs. short etc.; right now is a great time to buy overall, my strategy is to average +30-40K daily day trading (i have over $500K invested) and will snap up shares farther down the line when things settle down and then i will be in it for the long haul; i had shares of many companies (Petrochina being one of them) that i didn't sell for the past couple years but began selling as the market tanked; in this economical state, you just have to realize that your net worth won't increase in the short term if you hold on to stocks (most likely, your stocks will take a hit, unless you've invested in gold like I have), you have to get in & out; overall, however, i agree that a longterm strategy is more fundamentally sound
ok, I agree with that. Market sucks right now and so many of these stocks are undervalued, including JASO and WX. These stocks will sky upwards when market turns around, but for the short term, if you want to make sure you maximize profits, I think it might be better to sell because it can fall very quickly. Depends on your position and when you bought it. If you were in at $18, you can afford to wait. If you got in around $$22 and watched this thing fall, it could be dangerous to wait. I agree that even if it "falls" it will be to the $21.5 level. In the long term, i agree this goes to $30, as will many other stocks.
Ignore Luke, make this short squirm. there is no reason to sell today or any time soon. Sell at 30 within a year if you want, not below. For me this is a long term keeper for many years. The story and now the numbers are way too good. US research firms have been totally damaged by cheaper study capabilities in China and elsewhere. Wx more than any other company went after top researchers and now have plenty. They are smashing the capabiliies of US and European research compaies because of access to many more patients more easily and US trained chinese scientists returning to China. nowhere else could you find a company with these possibities. Load up while the market is down or miss a big chance.I own a lot of this stock and track it closely. I am also a physician and watch the progress of the studies.the science is there and the numbers onfirm the need.