Judging by my comments, it seems a lot of people are involved [[GU]]. My thoughts on the stock: Today’s action in the name has everything to do with technicals, if you were in this name for a quick profit, the trade is over. Nothing is fundamentally wrong with the company, it just broke down. It is a recent IPO, and thinly traded, so expect wild movements.
Why I like the company: This year the company is expected to grow 80%, the next five years the company is expected to grow 50% (per annum). The stock only trades at 24 times earnings, very cheap. The company is engage in the production and distribution of bio-diesel, and has the Chinese market on lock.
This remains one of my favorite picks, and I will be adding on future weakness.
Chris has a good article on the company: The next Chinese IPOIf you enjoy the content at iBankCoin, please follow us on Twitter