It will. The correction in US markets is mostly over as Europe stabilizes. I guess it can move once the latest China inflation numbers for September are published. If inflation eases, the Chinese government will start to loosen it's monetary policy (they actually have already asked local banks to borrow to small businesses that are in trouble). At that point, Chinese real estate and financial stocks will start to rise. Big question to me is if WS can overcome their accounting fraud BS fears. That will make the difference between a PE of 2-3 or 20-30...
Hopefully the markets have priced in a recession, and Greece defaulting. If XIN can continue buying back shares while they are low, the better off we will be. Fewer shares means a higher book value, and EPS for those of us hanging on.
At this time, I'd at least like to see XIN get back to the $2.00 mark again. I feel less anxious about the stock when it is above $2.00 a share.
If you knew anything about investing you would know that the lower the price the more undervalued it is. Buybacks are good but dividends are better. At any rate the stock is so undervalued now that it will move up on that factor alone sooner or later.