Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

My thought of the sell off on CSKI

|Includes:China Sky One Medical, Inc. (CSKI)

If you understood how business is run in China, you know that there's nothing to worry about regarding the article posted by Manuel Asensio no matter it is true or false. Everything is up to the relationship between the company and the local gov. "misundertanding" or "miscommunication" can be fixed overnight among the company, local gov and the other department of the country. New drug can be issued, approved and repackaged to replace the questioned one in weeks. By considering the cash position, growth potential and gov relationship of the company, it is a attractive low risk buy at the current price $14.60 after a panic selling in good volume.


Disclosure: Started a long position on CSKI at $14.84 stop loss if down below $13.2

Stocks: CSKI