Chinese stocks have been pounded by fraud at some companies, resulting in opportunities for investors
It’s been an exciting couple months as stocks and commodities have moved like they are a roller coaster at a theme park. We all know every good roller coaster has a few monster hills which make their clients scream in fear/excitement that’s what it’s all about! But if we step back into the financial world where fear/excitement cost people month it is not so fun. Look at the US Dollar index you will see three monster hills which investors/traders have just finished riding.
GSTP has an agreement to explore for minerals in the wilds of Russia, HASC has a new agreement with GE Healthcare to finance its mobility products and AXIH has a new JV to tap into the $8 billion global railroad tie market (but its stock remains caught in a downtrend).
JRJC’s results reveal that investor enthusiasm for Chinese stocks has cooled while MCOX shows that the Chinese eCommerce sector is getting more competitive but CCIH could be on the rebound.
Social networking stock FFN has high debt levels while BIZZ lacks revenue and profits but QPSA looks interesting as it could be considered the Hispanic or Latin American version of Facebook.
I had a feeling PaperTrader knew what he was talking about when he (or she) re-picked VirnetX (VHC) last Thursday. I recommended – or actually passed the recommendation on – to you guys on Friday morning, and the stock just happened to jump 8.0% to $38.89 (and rallied another 1.0% to $39.60 in after-hours trading). And, if you want to get technical about it, your actual gain with VirnetX would have been based on the opening price of $35.07 on Friday…. closer to an 11.0% move.