Wednesday, January 23, 2013

A bargain may not be a bargain

I came across PACT and BAA from my trusted screens.

It looks great on paper. On second look, they are garbage.

I stay away from Chinese companies esp. smaller ones. They do not have an organization like SEC here. PACT could be one of them. With 80% short, it is not a short squeeze but a company heading to zero. It could net me 50% profit, but I prefer to skip this one and have a good sleep.

BAA is some bank in Africa. I cannot tell reliable is the company. I skip it again and ask my screens to give me better quality companies.

The best looking prostitutes could bring you death sentence. Skip the temptation and have a good sleep.

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