With the substantial share price erosion in ACH this year, is now a good time to buy? what might be a supportable bottom for this stock. looks like tremendous upside from here.
Back in 2004, ACH also droped from $92 to $40 (these are pre-split 4:1). we all know it went from $40 to $360 last Oct. ACH is one of top 10 Chinses Gobernment owned company. It won't fail.With Yuan's rise to $1=4Yuan and inflation in next 5 years. $200 is possible.
If you are long term, it's a good time to buy. If it's going lower, buy more. I bought at $37, $31, $26. I have a $200 target in 5 years.
$200? do you think the dollar will fall over 50% in the next 5 years? Is that how you come up with that number?
Whoa!! Where in the world do you get a $200 figure? If only you were correct! But logic does not support your optimism. However, I will be one happy camper if you are correct.Regards