Monday, January 11, 2010

SmartHeat (HEAT) Breaks Out of Double Top

The "heat" remains on as Chinese heating equipment maker SmartHeat (HEAT) breaks nicely out of a double top.  Somewhere Kenny Loggins is smiling...

I'm tempted to add this to the portfolio but I'm pretty darn long already...


There is nothing really proprietary about this company's business; it simply has the benefit of 1.3 billion Chinese x 2 lungs x XYZ # of buildings in China = boo yah.  [Dec 3, 2009: IBD - SmartHeat: Heating Equipment Maker Benefits as China Spends to Clean its Air]

No position

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