That's nonsense. CNOOC is going to be back over 200 before the end of the year. Since Stephanie posted this, it's up 8%. Glad I didn't listen to this advice. Hold, do not sell or buy, China for the moment.
Qiao Xing Universal Telephone: The Cheapest Chinese ADR Around? [View article]
Not sure what to think about XING. But two facts are disturbing: 1. The majority of shares are controlled by one family whose claim to telecom expertise is dubious. 2. The company keeps dilluting their shares. Hopefully this will be the last disappointment XING has delivered. It is a stock that is highly volatile and can make you a lot of money as fast as it can lose it (like, say, LDK) but LDK is far better managed.
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Latest | Highest ratedTime to Get Out of CNOOC [View article]
Qiao Xing Universal Telephone: The Cheapest Chinese ADR Around? [View article]