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By Pehon | July 23, 2007
Its crazy. People are selling China Hong Xing for no apparant reason.
If there is a stock you want to bargin hunt, my number 1 pick is China Hong Xing. At current levels of $0.915, that is almost 50% of the new target prices from ALL analyst houses. Thats a 100% gain if the target price is reached.
There is no change in fundamentals for China Hong Xing. Things are going on as usual in the company. In fact, institutional investors recently purchased more shares from the open market last week (probably the cause of the price surge).
Though institutional investors may not always be right, its probably smart to follow them. They have all the insider information in the world.
China Hong Xing is my number 1 pick for a bargin today. Things to watch out for is the weak and volatile global market this morning. Trade with caution.
July 23rd, 2007 at 11:56 am
thks vested in hongxin @ 0.975
think breadtalk also very good … rising fast
July 23rd, 2007 at 10:55 pm
I bot at 0.935 last friday from JP Morgan. May hav to hold some time.
July 23rd, 2007 at 11:46 pm
Yeah i understand how u feel. thats the stock market. Really depends on which side of the fence you’re on. the bear or the bull.
if you’re the bear, probably pulling out now is a good idea. if you’re a bull, or a long term investor, sit and wait. =)
July 25th, 2007 at 1:27 am
I bot 0.97 with 100 lots earlier this week when it start to drop but i have full confidence in this counter to reach $1. Should go up once noticed…
July 25th, 2007 at 10:46 pm
yeah I have full faith that it will reach its target price at the end of the year. The catalysts u and i are waiting for is probably the release of the 1h07.