Yongye International, Inc. Message Board
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I got in for the first time today
I bought 1200 shares at $5.60 which, of course, is a tiny position. (I had been watching the stock for a couple of months now.) I think the selling is way over-done, but everyone has heard the admonitions about "catching a falling knife".
If the stock falls further, I definitely will NOT sell. I'm just thinking about the possibility of buying more. My thoughts are of buying 2000 more shares if it gets close to $5. Any thoughts on this idea?-
At the risk of excessive optimism, it may take an actual malfeasance to bring YONG back to low $5 range. When a legit stock is driven down to a $2 forward EPS by unsubstantiated fear, it is arguably at a bottom.
Evidence of legitamacy (e.g. convincing response by mgmnt.)could take YONG much higher (~$10, imo) from where it bottomed yesterday (Wed.). A note from KPMG, as example, could take us closer to the target price of $14, a PPS that has considerable risk already baked in. That's the shorts' catastrophe scenario.
Shorts are betting on another shoe dropping, which may not happen...- 2 Replies to yo_roe
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Can somebody explain this: in China Agritech case Ernst&Young missed some kind of fraud, can the same happen with YONG's KPMG?
I thought that Big 4 auditors should guarantee that fraud does not happen -
FYI, re: forward P/E ratios, it doesn't get lower, imo:
http://www.mysmartrend.com/news-briefs/news-watch/relatively-low-forward-pe-ratio-fertilizers-agricultural-chemicals-industry-d
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Yea, buy all you can afford at that price. You will not be sorry later.
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