Let's keep it going - what stocks are taking advantage of the "1.3 billion rule"
CYTV (over the counter of course) China You TV $0.24 + 98% (1.3 billion TV viewers)
GSI General Steel Holdings $14.10 +49% (1.3 billion steel buyers)
ATS APT Satellite $3.07 +40% (1.3 Satellite buyers)
KUN China Shenghou Pharma $15.00 +41% (I've been pounding the table on this one since $6.00 lol) (1.3 billion drug buyers - people this one has been so obvious, I called it at $6 and I ain't no Chinese expert)
ORS Orsus Xelent Tech $4.50 +39% (1.3 billion umm...ohh... ummm.. Orsus Xelenters? Oh wait they do cell phones... ok 1.3 billion cell phone buyers!)
You know the drill, buy 4-5 of the top gainers with the word China in them (or at least that do business in China), and make 50% the next day. Rinse, wash, Repeat. Retire on your own island in 1 month.
That was easy
I am expecting a waitress in skimpy attire offering free drinks to walk by the computer terminal at any moment....
Bubbleicious "investing" - maybe the labor report will pop them? Nah... bad news = 50 more basis points on Halloween. Woo hoo.
EDIT UPDATE: In the 4 minutes since I posted this KUN is down 6%, GSI flat, whereas the other 3 names are up about 10%, with CYTV up to 108%
See how easy?
Thursday, October 4, 2007
This Day in Bubbles: Party On Garth
Posted by
TraderMark
at
3:21 PM
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5 comments:
WOW FOLKS CYTV is up 178% to end the day. So an 80% gain in the 39 minutes since I posted this entry - not bad work if you can get it.
No bubble here... move along folks.
Hah. News release from CHNR:
HONG KONG, Oct. 4 /PRNewswire-FirstCall/ -- CHINA NATURAL RESOURCES, INC. (Nasdaq: CHNR), a company based in the People's Republic of China, stated today, in response to requests that the Company comment on the recent increases in the price and trading volume of the Company's common shares, that there have been no significant developments in the Company's business or operations that would explain the recent increases save for those that have previously been publicly reported.
i.e. What the heck are you Americans doing?
Meanwhile:
* CHNR is crashing after the release, down 12% and falling fast. ("What? You mean there was no reason for a 350% move in one week on no news?")
* RCH -15% (was nicely positive)
* GSI% -14%
* NEOL +25%
* CYTV +40% (was higher)
* KUN +1% (gapped up high and is falling)
* ORS +13%
* KONG -9%
etc ad nauseum.
CYTV amazed me
Really it was .28 at 3:20 PM and today was .60+? 114% in about 3 hrs. Crazy stuff.
All these companies are sitting there going what the heck is going on. "We Love America" :)
I just don't see it ending (the speculation) until 'something' spooks the market. It is like a horde of locusts - they move from 1 stock to another, drive it up 200%, and move to another. Not the first time I've seen an era like this but it is eerie in its replication.
Even if KUN falls like 40% its up from $5! It could drop in half from here and still be a multi bagger!
my post on CHNR went on Seeking Alpha and in response to someone I said this would be one great short once the tide reverses.
It is actually better in this market NOT to have financials and not to have a track record... then you can at least point to 1.3 billion opportunities. CHNR on the other hand has a track record of no growth. Hence (to me at least) its a lot more vulnerable. With that said it has one of the best names going, China AND natural resources all in 1? woo hoo.
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