YONG April 2012 leaps look like a very cheap spec. Profit large off of a trend reversal. I'm inclined to believe MS's large private equity investment wasn't wrong. This chart has held the bottom pretty well in this crazy sell-off. The company is laughably cheap, and maybe it is time for western investors to start trusting eastern capital - general mistrust is only exacerbating the debt issue - if the company is half of what it claims it is dirt cheap!