My Hedge Fund Take on Lihua International (NASDAQ: LIWA)

I've Always Been a Sucker for a "Buy on the Dips" Play.

Picked By Dennis Askew

Picked: August 5, 2011 9:33:31 AM PDT

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Lihua International, Inc. (NasdaqCM: LIWA) - Closed

Symbol	Position	Allocation	Picked	Current Price
LIWA	Long	2%	$6.7800	$5.2200	-23.01%

Opened	August 5, 2011 9:33:31 AM PDT
Closed	May 8, 2012 11:35:20 AM PDT
Risk	Medium
Target Date	-
Target Price	$7.0000
Timeframe	Long-Term
Suggested Stop Loss	-
Holding	No Position
Disclosure	I haven’t, don’t, and do not intend on holding this stock.

Yes, it's true... I've always been a sucker for a "Buy on the Dips" play and LIWA is no exception.

I suppose in my Investment banking experience I picked up the 'Value Hunter' investing philosphy of Hedge Fund Managers, and seeing the market as a very fluid entity, think that LIWA can take $7 in the near-term.

At the time I'm writing this, the stock is at $6.28, down $0.65 from yesterday; -9.38%, and I think it is Undervalued.