Long term, everything is looking good for the solar industry in China, especially if they are serious about reducing carbon emissions. This stock should take off eventually, hopefully soon.
When I see a message like your, it's a buy signal. It means that the last supporter is ready to throw in the towel. There is no one left to sell.
As oppose to spending all that money on this hard to understand fund, they should be increasing capacity to meet the huge backlog of orders that quarter after quarter doesn't get fulfilled. I'm afraid we simply have incompetent management here and a rubber stamp board. No wonder this is selling for 2 dollars and no one is interested.
Today's announcement was baffling, as to how we shareholders are going to benefit from the 1 billion investment in this new fund. I can only see how it benefits the chairman of MY.
Yesterdays short hit from the joke of an analyst kept it down. It didn't work too well as the day progressed and I think it will explode today. The shorts are going to consider covering before their profit evaporates.
So this is trading at a forward 4 pe, and it's a growth company in a growth area of the chinese economy. Everything I know about the stock market tells me this is a screaming buy. I also read today that breathing the air in the chinese capital is the equivalent of smoking 47 cigarettes a day. Solar and wind have to boom, or the entire chinese population is going to be dying of lund cancer!