Last week, I discussed and analyzed some China plays, highlighting those which were due to run. The main one highlighted last week was Zoom Technologies, Inc. (NASDAQ:ZOOM). The chart was ripe for a major move. Last Thursday, September 16th, it was highlighted at $3.51. Today it hit $4.98. That is a massive move of 42% in just four trading days. The contracts they received today were massive and the chart told the tale way before the news broke. It was a no brainer.
The other China stocks highlighted are still in play. China Infrastructure Investment Corp (NASDAQ:CIIC) is my new favorite play now as the chart is looking beautiful. It currently trades around $0.65. In addition, Biostar Pharmaceuticals, Inc. (NASDAQ:BSPM) also looks ready trading at $2.38. Both stocks are primed plays. As stated in the last article, I owned ZOOM, CIIC and BSPM. I still own CIIC and BSPM but have sold ZOOM for a huge profit. Stay tuned and watch both of these. Join the Research Center to get more information, trades and education.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Here is the link to the China play story last week. See Here.
Disclosure: Chief Market Strategist owns CIIC and BSPM.
