China Minzhong (CMZ) had again caught my attention a week prior to its 3Q FY12 result release. Its below-expectation earnings result has led to a strong plummeting of its stock price – down from last Friday’s closed price of S$0.82 to today closed of S$0.58. A 30% drop in less than a week and it has hit an all-time low since its IPO in April 2010. I can’t say for sure whether there is ‘value’ in the current stock price or has it been oversold. Given the strong selling, there can be a slight technical rebound but by how much and for how long, that I’m uncertain. Given the current global condition, how fear had plagued Europe and how sentiments have yet to recover for China, the act of catching falling knives can be a feat not advisable for the faint-hearted. In the meantime, it will be advisable to ......