This Day in Bubbles: 3 Random Chinese stocks

I pulled up 3 random China stocks to see just how zany the action has been the past week and a half

They have 1 thing in common - their business all starts with the word "China"

China Precision Steel (CPSL) at its peak yesterday (must of solved world hunger) was up about 220% in 5 trading sessions
China Financial Online (JRJC) is still chugging today (+24%) (must of solved world poverty) and in the last 7 session has tacked on over 115%
China BAK Battery (CBAK) also is doing wonders (must of solved cancer) (+22% today) and is up 140% in 3 sessions

I am sure I could find more... just plug in search term "China" and find companies that have solved all the world's problems in the past 4-6 sessions.

So reminiscent of the dot com days - back then it was "new paradigm" "changing the way we do business".... now every breathless sentence starts or ends with ".... 1.3 billion people" or "100 million new middle class every year" (again let me reiterate it is a sea change what is happening to huge parts of the world, India/China and the long term case is fantastic) but nothing changed 150% this week other than Big Ben perhaps dropping 150% more dollars into the monetary system....

Not long companies that have not moved one iota for months, but suddenly are 150% more valuable this week versus last.... not that there's anything wrong with that