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On Saturday I wrote that China’s high-flying entertainment and media stocks were excellent short sale candidates due to their exorbitant P/E ratios.

As if on cue, all of the eight stocks I singled out have fallen this week, by an average of 15.5 percent. This compares to a 9 percent drop for the Shanghai Composite Index (note: on the day I posted this update the named stocks fell an additional 6 percent on average).

Chinese Entertainment Equities Take a Tumble
http://www.forbes.com/sites/robcain/2015/06/19/chinese-entertainment-equities-take-a-tumble/
Follow me on Twitter @robcain or Sina Weibo @robcain, or connect with me on LinkedIn.
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