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The Long Case for China Medical Technologies

China's equity market is in a huge bear market and CMED will finally succumb to this. The stock's rise after earnings despite the downturn of the market is impressive.

However, CMED will eventually fall victim to this. It may be "undervalued" during a raging bull market or a flat market, but even the best stocks drop in a bear market.

CMED bounced of its 200 day support on July 3rd, but the bounce was not a lively one. its very likely to hit it again and possibly drop below the line.

GLOBAL RECESSION is on us, and valuation talk isnt that "valued" when the stock keeps dropping