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Yongye International, Inc. Message Board

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  • jonathan56602 jonathan56602 May 9, 2012 1:02 PM Flag

    Does Earnings Really Matter

    Again, this guy is using logic that applies to big cap stocks and smaller cap stocks with typical PE ratios etc. Yong is trading at an inexplicable PE ratio.... While it may follow broad market moves, it will completely blast off when the force holding it down - unjustified fear caused by bloggers - is quelled.

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    • totally agree. The risk-on, risk off trade ananlysis is totally irrelevant to YONG.

      For exmaple, the overall market has been in risk-on mode trhough late 2011 and q1 2012, with indices breaking to new highs. If his justification for YONG not performing tomorrow RE: earnings is because market is in a risk off mode, then what happend for the last six months? YONG reached new lows when market was in risk on phase. Clearly, this overlay is completely bogus. YONG has detached from tading with the NAS for quite some time, and whether the overall market is in a risk on/off mode is largely irrelevant to the PPS moves in this name. This has been demonstrated emprically time and again for months/years, so comments extrapolating YONG pps directing in relation to general market direction and sentiment are nearly pointless.

 
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