No actually, long term has a meaning. If you paid taxes you might know that.
Also.. I might hold this stock even if it were fairly valued.... based on my capital needs and other factors.
Let's say fair value is $10 and I have a cost basis of $3. That means (based on my cost basis) I'm getting about a 5% interest on my money. Not bad. But if XIN really did go to $10 it's probably because they're making a lot more money or they raised the dividend... but most likely both. So, let's say they double the dividend... now it's 10%. I would definitely hold XIN at fair value if they were paying me 10% on my initial investment.... especially if I think they'll grow in the future (which.. you could argue that the future growth wasn't factored into the value of the stock and thus it wasn't fair value).
So I'll end with... "fair value" is a meaningless (read "relative") term...
Depends on what you call serious. I'm a "serious long term" investor but I don't give a rats #$%$ about this message board anymore. Not much is going on with the company anyway... I'll do my own research. I come here to bash Wally boy and laugh at JB's "colorful" trading. Occasionally I'll find something interesting and worth reading. But really, this board is like my personal stress reliever. See... I work in academia so stupid people are a luxury to me.... so just having Wally around *really* makes my day. Thanks Wally