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IBDvalueinvestin (99.68)

Champion of the World, have you entered yet?

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September 29, 2009 – Comments (1) | RELATED TICKERS: FUQI.DL , BIDU , CNIT

Champion of the World, have you entered yet? Date: 9/29/09 12:30 PM
    I am currently in 5th place picking mostly Chinese growth stocks on Caps contest: Champion of the World.

If we were allowed to close picks and add more than 100 picks I could have easily gained another 50% on my current 1,912 point gain in the contest.

I could have added LIWA, CPBY, and others which I missed originally.

Most of the gains were because of how amazingly cheap some Chinese stocks got during the 2008-2009 crash. Stocks like JST, HRBN, FUQI, VIT, CFSG, ACH, BIDU, CPBY all crashed over 50% from 2007-2008 highs by early 2009.

CPBY is still one stock that is 50% off its highs of 2007-2008.

http://caps.fool.com/Contests.aspx

1 Comments – Post Your Own

#1) On September 29, 2009 at 12:40 PM, IBDvalueinvestin (99.68) wrote:

In the real world the 2007-2008 market crash has been a blessing to my personal account. My actual net worth has increased by $100K since then.

I can honestly now understand why so many love bear markets. Its because its the easiest way to increase net worth by pouncing on oversold stocks selling in single digits for no reason other than market panic.

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