GREY:NTPIF - Post by User
Comment by
dmelfion Apr 29, 2004 7:36am
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Post# 7418303
RE: Nam Tai
RE: Nam TaiChina announced a money tightening policy yesterday
they have a 9% growth rate in China and they want to cool it off.
This has nothing to do that I know of with NTE itself.
Nam Tai dosnt borrow money
and probably dosnt need to
This is an indiscriminate sell off of China
I have 2000 shares and got zonked, but it is
fundamentally a stock to own, and it is now oversold
Just as we learned in USA after 911 if you own it when it goes down you need to own it when it goes up (assuming stock is fundamentally ok)people who didnt stay invested are the ones that lost out, the others are almost fully recovered.
I am just putting NTE into my long term portifolio, and forgeting about it.
Everyone is skitish about China because of the Government
and its obvious power, actually this is probably a good move by China
they are creating a resource shortage and will cause worlwide inflation
if they dont slow down
Dom