JB nothing to defend in selling and taking profits.However the fundamentals of Xin have not changed since your touting this stock as a steal.Only thing that has changed is that due to alot more pr on this stock more serious investors are buying in.And by the time the all the deals start to come to fruition it will be at hefty price.I'll not be surprised if we see a price of 5$ or higher by years end.!Don't wait to long to buy back in.
There's always a silver lining....Gurnee also stated there is a "too good to be true" quality about the stock that scares some investors... you know, how does XIN always beat earnings etc...but the lowered numbers suggest that XIN is not inflating earnings, that they will have lower sales for a few quarters and that makes us a little more real. The only reason we are priced so low, is because people have doubts about company from a fraud perspective. XIN is taking all the right steps to clear these issues up by 1) paying a quarterly dividend 2) spending $300 million dollars for new projects 3) now bowing to the "go private" pressure, but instead executing a sound business plan and getting new investors interested in the business and now adding a new board member with connections in the US. I disagree with JB reason for selling. This company's story has never been about earnings (if it was q2 was more than double earnings expectations, so we would have exploded on that report, instead the small run-up was sold in the next few weeks). I 100% agree that now is the time to buy in, if you wait, you will be paying twice as much to play. Remember, too, they will be raising the dividend next year. I wouldn't want to take the chance and try to time the run-up. You may very well be left behind.