This is actually a solid company, so why am I shorting it? Guilt by association . Anything to do with China is getting killed. Although this stock has bounced off its 52-week low of $8, I want to be short microcap Chinese equities, especially ones that trade on the Bulletin Board. There are some incredibly profitable, debt-free companies that are trading at single-digit multiples there, but the market is obliterating them. That's where I'm going to start picking through the trash once things calm down.
$9.9 (10/08/08)
