BORN: IBD "Pump and Dump"? (A lot of people, like I, bought this stock on IBD's recommendation.) Sham or facade stock? In the murky waters of Chinese investing through American boards nobody knows. All of this ilk have been getting hammered. Maybe it's just current China inflationary pressure currently. Or are all Chinese interests listed on our stock exchanges junk? After all, capitalism curtailing in the Chinese government is what they are all about. Anyway, yeah, I bought into BORN at $13 and $9. It is now lucky to tread water at $4/share. Oh well, it's not the first or last "Pump and Dump" for me on the high end. Win in Russia, lose in China. That's me. Talk about volatility, BORN's 52 week range is 3 1/2-20 1/2. I think that for my part I'll just hold. I think a few wild plays for a couple grand are okay if one can afford them. Bet these weirdo things with winnings. Any way, China New Borun makes some kinda corn booze I guess, sold to Chinese citizens. If they are like us, the tougher things get, the more they will drink. IF it's even a real company. Well the P/E on this baby is 2+ and they beat "expected" earnings per share for their last quarter. Whatever, buy in and pump the price up for me. UNDERVALUED is my analysis. I'm in trouble on this one, I see that you don't trust me. Oh by the way, IBD likes them RIGHT NOW!
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Thursday, June 16, 2011
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