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IBDvalueinvestin (99.68)

Currently in 5th place picking mostly Chinese growth stocks on Caps contest

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

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 4:32 PM, caidencollett07 (28.94) wrote:

Yeah CPBY was a good pick, it went down 50% this past year.  The problem with that though, is they continued to grow earnings.  I got in real money at sub $3 levels and will continue to ride!!

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