Chinarock Capital Management of Hong Kong bagholder track winner
These are the stocks and their respective 52 week price changes for ALL of the most recent Form 13 holdings filed by ChinaRock going back to 2010:
NQ: Now a 10% holding, wow......but shares just recently hit a 52 week low
The9(NCTY): a 52 week loser, down 45%
CDC Corp(delisted): now bankrupt and delisted
China Cache(CACH) a 52 week loser, down 66%
Acorn Intl(ATV): a 52 week loser, down 11%
eLong(LONG): a 52 week loser, down 9%
Emerald Dairy(EMDY), a 52 week loser, down 75%
Changyou(CYOU): a 52 week loser, down 16%
Yes, folks, not one winner in all of their 13G filings dating back to 2010! Betting against Mr Ding and you would've made a fortune. Oh, and if it wasn't bad enough, the S&P 500 was up 18% over the same 52 week comp.
Rotten apple what happened to the rants NQ was a total fraud, going to zero, and the delisting garbage that you've insistently chanting? For the record, I like buying a position when it's out of favor and near it's 53 week low. They have ultimately been my biggest winners
I've been reading applengineer's posts and not once did he say NQ was going to zero. In fact, he specifically cited value in NationSky. Apple may present a draconian view of NQ at every opportunity but he isn't meritless and doesn't engage in baseless bashing like many shorts typically do.