Well the bubble no name China stocks have been quiet the past 2 days as speculators were busy counting their fat profits. Well the trade is back on today....
CTEL +160%
JADE +57%
HIHO +37% (off to work we go!)
HSWI +32%
You know the drill speculators - buy a basket of these undiscovered gems at their high, and sell 'em tomorrow for 40% profit to the next sucker... err investor!
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2 comments:
I think the JADE move today was sympathy from another Chinese jewelry IPO.
Keep JADE on your watchlist, though, it's a real company and once they are no longer delinquent and if the earnings are as good as they could be, it will be a good stock to hold. In my opinion.
ok give me a heads up once those things are cleaned up and I will take a look. I think when the market corrects, anything Chinese will be dangerous to hold as the baby gets thrown out with bathwater and since buying was indiscrimenate so will be selling.
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