Zacks’ Voice of the People Highlights user inthemoneystocks: “China Plays Continue to Rip Higher” from the People & Picks community.
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China Plays Continue to Rip Higher
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. (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 (CIIC) is my new favorite play now as the chart is looking beautiful. It currently trades around $0.65. In addition, Biostar Pharmaceuticals, Inc. (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.
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