This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

China Investing: Like a Kid in a Toy Store

Editor's note: This is the second article in a series on investing in China. The previous topic was How Not to Invest in China.

Put on your ear muffs. Thirty-five years ago, Warren Buffett mentioned that he felt like an oversexed guy in a brothel. Ear muffs off. Three and a half months ago, I felt like a kid left alone in a Toys 'R Us store after dark.

Granted, Buffett's track record over the last 35 years is greater than mine over the past few months, but triple-digit gains are undeniably "above average." In March, I was offering to pay people if they gave me money and I lost it. I guess that's how market-bottoming can affect you.

Now, I'm optimistically cautious. There are still a lot of things that could go wrong. There are multiple problems still floating in the air in Eastern Europe, not to mention the great potential for commercial mortgage-backed securities to crash the boards harder and longer than the subprimes. That said, I still can't control myself when I see opportunities that make me feel like I did when I opened my 12-year old Christmas present, a Tyco 6 wheeling remote-control car that I proceeded to drive up and down the hotel hallways to my parents' dismay and embarrassment.

So here are four companies that bring out the kid in me again.

1. China Digital Communication Group (CHID) is irresistibly cheap, not to mention it just captured a veteran electronics CEO who founded a 3C electronic products manufacturing firm and grew it to hundreds of millions of dollars in revenue. China Digital, however, is trading at less than $10 million. Maybe I'm crazy, or maybe I just love electronics right now after the sector got crushed in price this last Christmas season.

Stock quotes in this article: CHID, CCGY, MYST 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,262.56 +89.32 0.55%
S&P 500 1,842.98 +12.37 0.68%
NASDAQ 4,034.1610 +11.4670 0.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs