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HoldThatWinner (31.49)

Garbage Stocks (Or what I like to refer to as Crap)

Recs

6

September 14, 2010 – Comments (8) | RELATED TICKERS: CSKI , DYP.DL , ONP

Crap with a little (c) in Parentheses. I've got a list, however, I'd like to hear from my fellow brothers and sisters in the CAPS community. What do you think? Any Garbage Stocks out there that you've taken a bath on? Ok, let's fess up. Everybody has taken a Bath at one time, right? That is, if you've been around the block, right? I'll start. I didn't take a Bath on this one (however I've Bathed Before LOL), but I think DYP is (c). Anybody else? Shoot me a Garbage Stock, Thanks!

8 Comments – Post Your Own

#1) On September 17, 2010 at 6:28 PM, Momentum21 (95.59) wrote:

GLCH - still bathing in it at 40%+ in the hole... : ) This is what we call "pot committed" in poker. 

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#2) On September 20, 2010 at 3:42 PM, Dormin111ob (95.69) wrote:

DYP and BSPM. Ultralong isn't on top of his game when it comes to Chinese stocks.

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#3) On September 21, 2010 at 7:49 AM, khl1882 (24.33) wrote:

I spent some time in the tub trying to wash the stink of TSM off of me which came as a surprise since the research and screens kept tossing it up before me like a semi ripe apple. Go figure it had to be TSM after investing in crap stocks like EPEX and DYP. I also owned CSKI but sold even before the bottom fell out.

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#4) On September 21, 2010 at 8:43 AM, rockbox64 (< 20) wrote:

BSPM is a stinking pig.  Any comments out there on BORN and NEWN?  Booze and batteries and real earnings yet both stocks have been gang raped.  I welcome any input from those with knowledge.

 

 

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#5) On September 22, 2010 at 2:27 PM, vchelimella (< 20) wrote:

Hi Holdthatwinner you are killing the market......nice calls whats your view on scok

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#6) On September 22, 2010 at 11:54 PM, TMFUltraLong (99.95) wrote:

#2) On September 20, 2010 at 3:42 PM, Dormin111ob (55.64) wrote:

DYP and BSPM. Ultralong isn't on top of his game when it comes to Chinese stocks.

That remains to be seen. I think Chinese stocks are at their own March 2009-like lows. If you check back in 2-3 years they could be significantly higher than where they are now.

UltraLong

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#7) On September 26, 2010 at 4:22 PM, HoldThatWinner (31.49) wrote:

Did you think this one was at the March 2009 low when you green thumbed it? Hmmmm.

#6)That remains to be seen. I think Chinese stocks are at their own March 2009-like lows. If you check back in 2-3 years they could be significantly higher than where they are now.

Or a couple of them could be trading for a penny. Ultra, you are pretty good, however you played the bottom of the market green thumbing everything (that's why you are in the top 10). While you were green thumbing everything (playing CAPS), I was buying everything. LVS in the singles, Cat at $22 flat, etc, etc. I still think you have alot to learn, and I think this one will cost you Big (and unfortunately other Sheep). We shall see. Enough said.

HoldThatWinner

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#8) On November 17, 2010 at 8:01 PM, stan8331 (97.31) wrote:

Investing in Chinese small-caps obviously carries some significant risks, but I would say that it makes sense to be rational about what those risks actually are.  If DYP is a phony company that doesn't really exist and sells no actual products, then obviously it's not a bargain at any price.  But even in China, it's not so easy to fabricate a completely fictitious company and keep it a secret for very long.  

It seems far more likely to me that DYP is a real company, making and selling real products, that has had some financial irregularities.  If that's the case, how bad would the irregularities need to be to justify a P/E ratio of 1.4?  Has there yet been any hint of irregularities on a scale that massive?

Is the Chinese (or Indian, Brazilian, etc.) economy finished growing?  If one looks for bargain-basement prices, shows great caution in the portfolio percentage allocated, and broadly diversifies across many companies and industries, I can't see why emerging market small-caps such as DYP should be considered so risky as to be an unwise investment at any price (in CAPS or in real life).

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