World Precision Machinery

45 cents bid, 49 cents sell.
This illiquidity is no good.

Joes is right. I am seeing a lot of PRC companies suffering because of the tightness in banks' credit lines.
I doubt world precision machinery will have a good year in 2012. Most of their clients are manufacturers who reply on bank borrowings to buy equipment. With the tighting liquidity, even if the demand is there, these manufacturers have no source of fundings to buy the equipment.
 

world precision machinery has been strengthening in the past week. 50.5 cents now.

I didn't expect World Precision to recover so fast, since credit conditions in China cannot have improved so quickly for the manufacturing sector to increase capex (by buying World Precision's stamping machines). The stock is up 3 cents this morning ---> 46 cents now. Sigh