May. 11 at 1:03 AM
$CAAS Just under two years ago, my largest position was China engine maker CYD, which I held for many of the same reasons I now hold CAAS.
I had a healthy seven figures tied up as dead money for a while after loading CYD around
$7.5 to 8. I posted all my major buys online in real time and, at that point, I was basically the only person posting on the CYD board. Most investors had completely given up on the stock, despite the obvious value.
I was looking through my old notes today and noticed that, about a year ago, I posted a very similar wedge pattern on CYD, shown below. Fingers crossed that CAAS eventually plays out the same way.
My biggest mistake was selling CYD in the
$20S. I do not plan to make that same mistake twice. For those who did not follow CYD, it eventually hit
$58 just over a year after I posted this chart - 8 bagger from the point where most investors had given up, despite the company trading at a very low P/E, holding massive cash, and still showing growth.
